{ "ticker": { "uuid": "07a05223-a8e6-4c47-a0f9-9764bc9cbd37", "symbol": "5604", "name": "Chung Lien Co., Ltd", "exchange": "TWO", "country": "TW", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-14", "benchmark": "^TWII", "stage": 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": -63.721, "architecture_energy": 60.271, "architecture_maturity": 62.633, "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": 8.57, "rotation_up": 29.06, "upward_expansion": 11.4, "deceleration": 49.09, "rotation_down": 52.08, "downward_expansion": 84.73 }, "activity_lines": [ 30.546666, 30.63, 31.035952, 31.873133 ], "activity_state": "Wide", "activity_direction": "Stable", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 30.799999, "trend_reference": 33.105534, "distance_from_trend": -0.069642, "trend_direction": "Weakening", "fair_value": 36.625031, "distance_from_fair_value": -0.159045, "fair_value_direction": "Weakening", "relative_strength": -36.762368, "relative_strength_direction": "Improving", "price_momentum": -0.187531, "excess_performance": -0.628903, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.069642, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.046688, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.159045, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.001191, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.367624, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.035577, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.187531, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.425379, "read": "Supply-led" } ], "volume": { "latest": 64167, "relative_activity": 0.59778, "balance": 0.425379, "dry_up": 0.934844, "accumulation_observations": 1, "distribution_observations": 5 }, "risk": { "range_context": 0.020604, "annualized_volatility": 0.09682, "from_high_reference": -0.192584, "from_low_reference": 0.0301 }, "levels": { "trend_reference": 33.105534, "fair_value_reference": 36.625031, "structural_low": 29.9, "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": 40, "median_return": -0.007221, "positive_rate": 0.4, "directional_follow_through": 0.575, "median_excess_return": -0.03072, "regime_survival": 0.85, "best_return": 0.067337, "worst_return": -0.161565, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 14, "median_return": -0.014339, "positive_rate": 0.285714, "directional_follow_through": 0.642857, "median_excess_return": -0.089791, "regime_survival": 0.642857, "best_return": 0.067549, "worst_return": -0.178457, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": -0.015873, "positive_rate": 0.375, "directional_follow_through": 0.625, "median_excess_return": -0.114311, "regime_survival": 0.625, "best_return": 0.018041, "worst_return": -0.194229, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.077124, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.345853, "regime_survival": 0.5, "best_return": -0.00085, "worst_return": -0.281161, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-09", "end": "2024-08-23", "tenure": "New", "return": 0.041916, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-08-30", "end": "2024-10-04", "tenure": "Developing", "return": -0.022067, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-11", "end": "2025-01-10", "tenure": "Established", "return": -0.016548, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-17", "end": "2025-01-24", "tenure": "New", "return": 0.003601, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-07", "end": "2025-02-14", "tenure": "New", "return": 0.002242, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-21", "end": "2025-03-21", "tenure": "Developing", "return": -0.024882, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-28", "end": "2025-04-11", "tenure": "New", "return": -0.079012, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-05-23", "tenure": "Developing", "return": 0.04054, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-05-30", "end": "2025-06-06", "tenure": "New", "return": -0.013158, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-06-13", "end": "2025-11-14", "tenure": "Established", "return": 0.036339, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-21", "end": "2026-02-06", "tenure": "Developing", "return": 0.063915, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-13", "end": "2026-03-06", "tenure": "New", "return": -0.048452, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-13", "end": "2026-04-10", "tenure": "Developing", "return": -0.002849, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-17", "end": "2026-08-14", "tenure": "Established", "return": -0.107246, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 41.162434, "volume": 67000, "typical_volume": 113200.0, "trend": 43.368912, "fair_value": 51.552468, "relative_strength": -14.452896, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.48148, "energy": 69.167501, "activity_lines": [ 41.574637, 41.850312, 42.215382, 42.604039 ] }, { "date": "2023-08-18", "close": 39.951778, "volume": 85000, "typical_volume": 114950.0, "trend": 43.194207, "fair_value": 51.542375, "relative_strength": -15.27842, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.500468, "energy": 77.552273, "activity_lines": [ 40.992368, 41.457241, 41.974074, 42.383579 ] }, { "date": "2023-08-25", "close": 39.692348, "volume": 48000, "typical_volume": 115950.0, "trend": 42.977502, "fair_value": 51.543062, "relative_strength": -15.777533, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.959441, "energy": 80.313706, "activity_lines": [ 40.467748, 41.068886, 41.722059, 42.157652 ] }, { "date": "2023-09-01", "close": 39.778828, "volume": 42000, "typical_volume": 112050.0, "trend": 42.741445, "fair_value": 51.54697, "relative_strength": -15.853844, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.144827, "energy": 82.630926, "activity_lines": [ 40.098786, 40.752857, 41.492486, 41.951286 ] }, { "date": "2023-09-08", "close": 39.605873, "volume": 25000, "typical_volume": 94700.0, "trend": 42.527416, "fair_value": 51.542659, "relative_strength": -15.243451, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.946828, "energy": 86.029069, "activity_lines": [ 39.819181, 40.458839, 41.260649, 41.748991 ] }, { "date": "2023-09-15", "close": 39.908539, "volume": 44000, "typical_volume": 87050.0, "trend": 42.3068, "fair_value": 51.528733, "relative_strength": -15.670517, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.378142, "energy": 76.460374, "activity_lines": [ 39.775943, 40.271737, 41.079874, 41.580032 ] }, { "date": "2023-09-22", "close": 39.346451, "volume": 59000, "typical_volume": 84900.0, "trend": 42.073315, "fair_value": 51.51476, "relative_strength": -13.354282, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.394058, "energy": 67.255348, "activity_lines": [ 39.628936, 40.017814, 40.86039, 41.389041 ] }, { "date": "2023-09-29", "close": 39.346451, "volume": 31000, "typical_volume": 84550.0, "trend": 41.868656, "fair_value": 51.505231, "relative_strength": -12.80948, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.136407, "energy": 58.381804, "activity_lines": [ 39.522283, 39.814203, 40.656143, 41.213115 ] }, { "date": "2023-10-06", "close": 38.222263, "volume": 49000, "typical_volume": 82850.0, "trend": 41.67841, "fair_value": 51.483607, "relative_strength": -15.72733, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.700991, "energy": 68.398457, "activity_lines": [ 39.063962, 39.447075, 40.361302, 40.977863 ] }, { "date": "2023-10-13", "close": 38.135784, "volume": 36000, "typical_volume": 75500.0, "trend": 41.542931, "fair_value": 51.46365, "relative_strength": -16.749516, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.637485, "energy": 83.954196, "activity_lines": [ 38.680584, 39.132617, 40.079638, 40.749307 ] }, { "date": "2023-10-20", "close": 38.395218, "volume": 37000, "typical_volume": 72700.0, "trend": 41.403129, "fair_value": 51.445357, "relative_strength": -13.957925, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.316677, "energy": 82.534107, "activity_lines": [ 38.481691, 38.929006, 39.841418, 40.546229 ] }, { "date": "2023-10-27", "close": 39.043785, "volume": 38000, "typical_volume": 66500.0, "trend": 41.274856, "fair_value": 51.42811, "relative_strength": -10.332255, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.39742, "energy": 75.546251, "activity_lines": [ 38.599875, 38.89363, 39.685968, 40.394013 ] }, { "date": "2023-11-03", "close": 39.13026, "volume": 20000, "typical_volume": 55900.0, "trend": 41.156673, "fair_value": 51.380754, "relative_strength": -11.624748, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.294064, "energy": 53.572994, "activity_lines": [ 38.767062, 38.890486, 39.556666, 40.255652 ] }, { "date": "2023-11-10", "close": 38.827595, "volume": 37000, "typical_volume": 52750.0, "trend": 41.025518, "fair_value": 51.331014, "relative_strength": -12.701921, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.790467, "energy": 42.669625, "activity_lines": [ 38.847773, 38.842531, 39.416041, 40.105389 ] }, { "date": "2023-11-17", "close": 39.000546, "volume": 48000, "typical_volume": 50250.0, "trend": 40.849684, "fair_value": 51.271716, "relative_strength": -14.516506, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.187265, "energy": 35.95389, "activity_lines": [ 38.945779, 38.843318, 39.310417, 39.974745 ] }, { "date": "2023-11-24", "close": 39.000546, "volume": 24000, "typical_volume": 48650.0, "trend": 40.715647, "fair_value": 51.218641, "relative_strength": -14.474628, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.037209, "energy": 36.795617, "activity_lines": [ 38.986134, 38.85511, 39.221265, 39.855446 ] }, { "date": "2023-12-01", "close": 38.741116, "volume": 62000, "typical_volume": 48750.0, "trend": 40.588816, "fair_value": 51.16568, "relative_strength": -15.370704, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.032735, "energy": 38.872102, "activity_lines": [ 38.899657, 38.836242, 39.120994, 39.728057 ] }, { "date": "2023-12-08", "close": 38.611404, "volume": 106000, "typical_volume": 49500.0, "trend": 40.449013, "fair_value": 51.103888, "relative_strength": -15.004612, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.101923, "energy": 42.988004, "activity_lines": [ 38.790121, 38.804796, 39.024429, 39.600482 ] }, { "date": "2023-12-15", "close": 38.65464, "volume": 98000, "typical_volume": 48900.0, "trend": 40.313535, "fair_value": 51.045484, "relative_strength": -15.847597, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.946408, "energy": 43.253258, "activity_lines": [ 38.729587, 38.794575, 38.946189, 39.484716 ] }, { "date": "2023-12-22", "close": 38.65464, "volume": 104000, "typical_volume": 53000.0, "trend": 40.199675, "fair_value": 50.984858, "relative_strength": -14.97183, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.806667, "energy": 44.583909, "activity_lines": [ 38.680583, 38.776494, 38.883803, 39.377691 ] }, { "date": "2023-12-29", "close": 38.179028, "volume": 76000, "typical_volume": 53450.0, "trend": 40.04546, "fair_value": 50.926516, "relative_strength": -17.025485, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.357437, "energy": 51.497184, "activity_lines": [ 38.496103, 38.662503, 38.790327, 39.247326 ] }, { "date": "2024-01-05", "close": 38.179028, "volume": 131000, "typical_volume": 55750.0, "trend": 39.891245, "fair_value": 50.868619, "relative_strength": -14.499443, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.674046, "energy": 62.956909, "activity_lines": [ 38.36639, 38.552444, 38.711058, 39.126911 ] }, { "date": "2024-01-12", "close": 38.006073, "volume": 60000, "typical_volume": 56350.0, "trend": 39.731265, "fair_value": 50.813612, "relative_strength": -14.248432, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.40177, "energy": 67.637123, "activity_lines": [ 38.216499, 38.426661, 38.623758, 39.005287 ] }, { "date": "2024-01-19", "close": 37.53046, "volume": 46091, "typical_volume": 56554.55, "trend": 39.558313, "fair_value": 50.757779, "relative_strength": -15.53506, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.594475, "energy": 82.324289, "activity_lines": [ 37.948425, 38.234842, 38.499192, 38.8633 ] }, { "date": "2024-01-26", "close": 37.660172, "volume": 36000, "typical_volume": 57104.55, "trend": 39.398333, "fair_value": 50.704555, "relative_strength": -16.077164, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.547317, "energy": 83.794775, "activity_lines": [ 37.798534, 38.090192, 38.397686, 38.740839 ] }, { "date": "2024-02-02", "close": 38.524929, "volume": 248000, "typical_volume": 67304.55, "trend": 39.287356, "fair_value": 50.658651, "relative_strength": -13.880713, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.022626, "energy": 49.545114, "activity_lines": [ 38.003192, 38.127141, 38.387803, 38.684491 ] }, { "date": "2024-02-09", "close": 38.870831, "volume": 87000, "typical_volume": 68704.55, "trend": 39.179261, "fair_value": 50.612299, "relative_strength": -12.735675, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.909371, "energy": 27.064702, "activity_lines": [ 38.300092, 38.235628, 38.417452, 38.657618 ] }, { "date": "2024-02-16", "close": 41.292149, "volume": 426000, "typical_volume": 88454.55, "trend": 39.169173, "fair_value": 50.583245, "relative_strength": -9.289117, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 44.887669, "energy": 43.029113, "activity_lines": [ 39.357977, 38.781997, 38.679967, 38.793933 ] }, { "date": "2024-02-23", "close": 40.580528, "volume": 1370000, "typical_volume": 154504.55, "trend": 39.122392, "fair_value": 50.505635, "relative_strength": -11.598389, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.605045, "energy": 44.375815, "activity_lines": [ 39.959584, 39.15024, 38.865444, 38.884988 ] }, { "date": "2024-03-01", "close": 37.968243, "volume": 352000, "typical_volume": 170304.55, "trend": 39.000065, "fair_value": 50.417056, "relative_strength": -16.895353, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -0.067489, "energy": 21.175539, "activity_lines": [ 39.487091, 39.008505, 38.790902, 38.810527 ] }, { "date": "2024-03-08", "close": 36.301781, "volume": 513000, "typical_volume": 194104.55, "trend": 38.838043, "fair_value": 50.304907, "relative_strength": -23.34634, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -51.462445, "energy": 22.896856, "activity_lines": [ 38.438573, 38.576257, 38.558447, 38.636444 ] }, { "date": "2024-03-15", "close": 36.166668, "volume": 265000, "typical_volume": 205454.55, "trend": 38.711873, "fair_value": 50.170561, "relative_strength": -22.677709, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -70.415881, "energy": 46.505773, "activity_lines": [ 37.493227, 38.153575, 38.323092, 38.464098 ] }, { "date": "2024-03-22", "close": 38.013283, "volume": 236000, "typical_volume": 216254.55, "trend": 38.655904, "fair_value": 50.009834, "relative_strength": -20.409835, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.206162, "energy": 43.617032, "activity_lines": [ 37.343696, 38.103229, 38.277307, 38.419027 ] }, { "date": "2024-03-29", "close": 37.382729, "volume": 186000, "typical_volume": 223704.55, "trend": 38.576034, "fair_value": 49.844176, "relative_strength": -21.433698, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.395458, "energy": 49.016962, "activity_lines": [ 37.202572, 37.938107, 38.176787, 38.336887 ] }, { "date": "2024-04-05", "close": 36.211704, "volume": 187000, "typical_volume": 230654.55, "trend": 38.462895, "fair_value": 49.675456, "relative_strength": -23.482482, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.216628, "energy": 62.420916, "activity_lines": [ 36.884293, 37.562756, 37.971622, 38.18435 ] }, { "date": "2024-04-12", "close": 35.941471, "volume": 597000, "typical_volume": 259304.55, "trend": 38.330659, "fair_value": 49.49967, "relative_strength": -24.924512, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.525955, "energy": 48.187611, "activity_lines": [ 36.593039, 37.164608, 37.754, 38.021677 ] }, { "date": "2024-04-19", "close": 35.851387, "volume": 266000, "typical_volume": 269504.55, "trend": 38.214157, "fair_value": 49.32864, "relative_strength": -19.805273, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.737356, "energy": 54.362955, "activity_lines": [ 36.295778, 36.797053, 37.542366, 37.861724 ] }, { "date": "2024-04-26", "close": 35.986507, "volume": 306000, "typical_volume": 279504.55, "trend": 38.102159, "fair_value": 49.163809, "relative_strength": -21.233304, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.260227, "energy": 54.736794, "activity_lines": [ 36.064576, 36.508965, 37.357362, 37.718005 ] }, { "date": "2024-05-03", "close": 36.031548, "volume": 252000, "typical_volume": 287204.55, "trend": 38.029135, "fair_value": 48.998378, "relative_strength": -21.31524, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.109316, "energy": 53.096545, "activity_lines": [ 35.983505, 36.325532, 37.189146, 37.584417 ] }, { "date": "2024-05-10", "close": 36.031548, "volume": 208000, "typical_volume": 292404.55, "trend": 37.958994, "fair_value": 48.837391, "relative_strength": -22.073953, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.396618, "energy": 42.946477, "activity_lines": [ 35.992513, 36.224807, 37.033421, 37.45554 ] }, { "date": "2024-05-17", "close": 35.986507, "volume": 113000, "typical_volume": 294254.55, "trend": 37.878704, "fair_value": 48.673004, "relative_strength": -23.559285, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.543977, "energy": 38.051763, "activity_lines": [ 35.998518, 36.151106, 36.885898, 37.328283 ] }, { "date": "2024-05-24", "close": 36.887299, "volume": 139000, "typical_volume": 294654.55, "trend": 37.806821, "fair_value": 48.52639, "relative_strength": -22.194322, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.048563, "energy": 28.025234, "activity_lines": [ 36.301785, 36.246918, 36.834604, 37.264322 ] }, { "date": "2024-05-31", "close": 37.562889, "volume": 164000, "typical_volume": 299854.55, "trend": 37.754575, "fair_value": 48.376108, "relative_strength": -18.745604, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.400115, "energy": 17.890374, "activity_lines": [ 36.761187, 36.452462, 36.853804, 37.248584 ] }, { "date": "2024-06-07", "close": 37.292652, "volume": 176000, "typical_volume": 306350.0, "trend": 37.70341, "fair_value": 48.213428, "relative_strength": -21.280427, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.041098, "energy": 21.511025, "activity_lines": [ 37.025418, 36.61706, 36.849378, 37.218783 ] }, { "date": "2024-06-14", "close": 38.058319, "volume": 181000, "typical_volume": 313600.0, "trend": 37.672003, "fair_value": 48.057433, "relative_strength": -21.424325, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 7.963142, "energy": 22.781405, "activity_lines": [ 37.460798, 36.922509, 36.919004, 37.24168 ] }, { "date": "2024-06-21", "close": 37.652966, "volume": 167000, "typical_volume": 309550.0, "trend": 37.627083, "fair_value": 47.901063, "relative_strength": -24.178717, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 0.584371, "energy": 24.429204, "activity_lines": [ 37.625943, 37.120682, 36.94813, 37.240452 ] }, { "date": "2024-06-28", "close": 39.274384, "volume": 345000, "typical_volume": 322450.0, "trend": 37.644859, "fair_value": 47.754197, "relative_strength": -19.571408, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 46.792371, "energy": 58.242812, "activity_lines": [ 38.220462, 37.582541, 37.135828, 37.346729 ] }, { "date": "2024-07-05", "close": 38.869034, "volume": 89000, "typical_volume": 305600.0, "trend": 37.653447, "fair_value": 47.570514, "relative_strength": -21.560252, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 38.661367, "energy": 64.50874, "activity_lines": [ 38.520726, 37.908463, 37.283, 37.425708 ] }, { "date": "2024-07-12", "close": 38.103359, "volume": 132000, "typical_volume": 243700.0, "trend": 37.635071, "fair_value": 47.40592, "relative_strength": -23.675411, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.280951, "energy": 53.161798, "activity_lines": [ 38.478689, 38.042762, 37.368789, 37.454735 ] }, { "date": "2024-07-19", "close": 37.562889, "volume": 116000, "typical_volume": 231900.0, "trend": 37.598679, "fair_value": 47.242306, "relative_strength": -20.726934, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.65617, "energy": 28.069415, "activity_lines": [ 38.202448, 38.041125, 37.414901, 37.450078 ] }, { "date": "2024-07-26", "close": 38.328556, "volume": 27000, "typical_volume": 207600.0, "trend": 37.603663, "fair_value": 47.084489, "relative_strength": -15.825197, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.439936, "energy": 23.347042, "activity_lines": [ 38.214458, 38.150857, 37.535864, 37.497167 ] }, { "date": "2024-08-02", "close": 38.013283, "volume": 61000, "typical_volume": 197400.0, "trend": 37.598138, "fair_value": 46.928206, "relative_strength": -14.087315, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 12.26737, "energy": 10.595311, "activity_lines": [ 38.076337, 38.160684, 37.617149, 37.523594 ] }, { "date": "2024-08-09", "close": 37.607925, "volume": 105000, "typical_volume": 190850.0, "trend": 37.584867, "fair_value": 46.756437, "relative_strength": -13.743671, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.366893, "energy": 7.58716, "activity_lines": [ 37.887171, 38.076337, 37.651036, 37.524225 ] }, { "date": "2024-08-16", "close": 39.00415, "volume": 233000, "typical_volume": 193200.0, "trend": 37.63399, "fair_value": 46.59584, "relative_strength": -13.496875, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 33.154564, "energy": 20.294927, "activity_lines": [ 38.247487, 38.24503, 37.819827, 37.615792 ] }, { "date": "2024-08-23", "close": 39.184307, "volume": 114000, "typical_volume": 189550.0, "trend": 37.684794, "fair_value": 46.449286, "relative_strength": -11.80923, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 61.053978, "energy": 34.741755, "activity_lines": [ 38.607802, 38.415361, 37.998054, 37.715812 ] }, { "date": "2024-08-30", "close": 38.778954, "volume": 74000, "typical_volume": 163400.0, "trend": 37.693262, "fair_value": 46.349636, "relative_strength": -12.609413, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.718991, "energy": 41.664428, "activity_lines": [ 38.724905, 38.491519, 38.123521, 37.786403 ] }, { "date": "2024-09-06", "close": 38.643837, "volume": 129000, "typical_volume": 156550.0, "trend": 37.685695, "fair_value": 46.216444, "relative_strength": -9.015033, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.044343, "energy": 46.512103, "activity_lines": [ 38.766943, 38.522638, 38.222608, 37.847731 ] }, { "date": "2024-09-13", "close": 38.73391, "volume": 77000, "typical_volume": 145100.0, "trend": 37.600421, "fair_value": 46.08139, "relative_strength": -9.655608, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.320392, "energy": 40.266114, "activity_lines": [ 38.796968, 38.581598, 38.316976, 37.915358 ] }, { "date": "2024-09-20", "close": 38.373596, "volume": 51000, "typical_volume": 135050.0, "trend": 37.526856, "fair_value": 45.948904, "relative_strength": -11.527321, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.535576, "energy": 25.225036, "activity_lines": [ 38.631823, 38.577503, 38.363946, 37.96524 ] }, { "date": "2024-09-27", "close": 38.73391, "volume": 78000, "typical_volume": 128550.0, "trend": 37.552378, "fair_value": 45.816776, "relative_strength": -12.684232, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.435226, "energy": 22.318145, "activity_lines": [ 38.628819, 38.634007, 38.434079, 38.043114 ] }, { "date": "2024-10-04", "close": 37.923203, "volume": 33000, "typical_volume": 124550.0, "trend": 37.606426, "fair_value": 45.680427, "relative_strength": -11.984248, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 28.680976, "energy": 13.532741, "activity_lines": [ 38.385607, 38.521817, 38.414133, 38.067038 ] }, { "date": "2024-10-11", "close": 38.103359, "volume": 39000, "typical_volume": 119550.0, "trend": 37.670982, "fair_value": 45.546208, "relative_strength": -13.353988, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.379522, "energy": 15.063307, "activity_lines": [ 38.259496, 38.449754, 38.402122, 38.099099 ] }, { "date": "2024-10-18", "close": 37.878162, "volume": 108000, "typical_volume": 116750.0, "trend": 37.666478, "fair_value": 45.412009, "relative_strength": -15.401457, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.189274, "energy": 9.961527, "activity_lines": [ 38.094351, 38.335108, 38.362873, 38.112465 ] }, { "date": "2024-10-25", "close": 37.833122, "volume": 112000, "typical_volume": 113550.0, "trend": 37.681491, "fair_value": 45.281423, "relative_strength": -14.308525, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.732288, "energy": 13.225242, "activity_lines": [ 37.971243, 38.20736, 38.317833, 38.123216 ] }, { "date": "2024-11-01", "close": 38.193439, "volume": 121000, "typical_volume": 110550.0, "trend": 37.747549, "fair_value": 45.154122, "relative_strength": -10.703943, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.189222, "energy": 11.603891, "activity_lines": [ 38.004273, 38.166415, 38.304536, 38.156245 ] }, { "date": "2024-11-08", "close": 38.283516, "volume": 40000, "typical_volume": 104200.0, "trend": 37.825617, "fair_value": 45.02496, "relative_strength": -12.806905, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.937915, "energy": 9.170689, "activity_lines": [ 38.103359, 38.159863, 38.299174, 38.190824 ] }, { "date": "2024-11-15", "close": 38.058319, "volume": 62000, "typical_volume": 90050.0, "trend": 37.899182, "fair_value": 44.883625, "relative_strength": -9.675906, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.929617, "energy": 6.876972, "activity_lines": [ 38.103359, 38.121375, 38.269362, 38.205837 ] }, { "date": "2024-11-22", "close": 37.833122, "volume": 58260, "typical_volume": 88513.0, "trend": 37.960735, "fair_value": 44.74426, "relative_strength": -10.280987, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 1.415952, "energy": 4.00219, "activity_lines": [ 38.031296, 38.052587, 38.223894, 38.201575 ] }, { "date": "2024-11-29", "close": 38.148399, "volume": 34000, "typical_volume": 83613.0, "trend": 38.031297, "fair_value": 44.608867, "relative_strength": -6.428655, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.938433, "energy": 6.193598, "activity_lines": [ 38.067327, 38.057501, 38.213384, 38.213682 ] }, { "date": "2024-12-06", "close": 38.058319, "volume": 29000, "typical_volume": 79263.0, "trend": 38.098856, "fair_value": 44.474359, "relative_strength": -9.846597, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.564883, "energy": 7.547872, "activity_lines": [ 38.052314, 38.05013, 38.194082, 38.215426 ] }, { "date": "2024-12-13", "close": 37.878162, "volume": 51000, "typical_volume": 80463.0, "trend": 38.161911, "fair_value": 44.338209, "relative_strength": -9.079515, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.727694, "energy": 18.370017, "activity_lines": [ 37.986256, 38.022288, 38.155262, 38.201187 ] }, { "date": "2024-12-20", "close": 37.833122, "volume": 52000, "typical_volume": 80013.0, "trend": 38.193439, "fair_value": 44.19982, "relative_strength": -6.617183, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.373515, "energy": 28.986384, "activity_lines": [ 37.932209, 37.987075, 38.114297, 38.179975 ] }, { "date": "2024-12-27", "close": 37.788086, "volume": 36000, "typical_volume": 76563.0, "trend": 38.200945, "fair_value": 44.063093, "relative_strength": -9.305524, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.98679, "energy": 34.537306, "activity_lines": [ 37.878163, 37.948588, 38.069902, 38.153823 ] }, { "date": "2025-01-03", "close": 37.743046, "volume": 80000, "typical_volume": 68913.0, "trend": 38.215959, "fair_value": 43.925101, "relative_strength": -7.432139, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -52.935006, "energy": 39.774701, "activity_lines": [ 37.812106, 37.903549, 38.020358, 38.124281 ] }, { "date": "2025-01-10", "close": 37.472809, "volume": 67000, "typical_volume": 66563.0, "trend": 38.196441, "fair_value": 43.771233, "relative_strength": -7.969796, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -60.980842, "energy": 46.237321, "activity_lines": [ 37.682993, 37.811013, 37.951084, 38.076336 ] }, { "date": "2025-01-17", "close": 37.517849, "volume": 74000, "typical_volume": 66563.0, "trend": 38.191938, "fair_value": 43.619605, "relative_strength": -7.899109, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.856752, "energy": 45.690652, "activity_lines": [ 37.607928, 37.739769, 37.894248, 38.032556 ] }, { "date": "2025-01-24", "close": 37.652966, "volume": 22000, "typical_volume": 61213.0, "trend": 38.13789, "fair_value": 43.475183, "relative_strength": -8.558039, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.264338, "energy": 42.628511, "activity_lines": [ 37.601922, 37.707014, 37.856286, 37.997784 ] }, { "date": "2025-02-07", "close": 40.175175, "volume": 344335, "typical_volume": 74579.75, "trend": 38.181428, "fair_value": 43.349856, "relative_strength": -1.781438, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 32.70563, "energy": 24.704024, "activity_lines": [ 38.448663, 38.140211, 38.063254, 38.129221 ] }, { "date": "2025-02-14", "close": 40.265251, "volume": 342194, "typical_volume": 89139.45, "trend": 38.253491, "fair_value": 43.218278, "relative_strength": 0.275998, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 78.186148, "energy": 72.784352, "activity_lines": [ 39.166291, 38.547204, 38.271936, 38.263662 ] }, { "date": "2025-02-21", "close": 40.044189, "volume": 1159082, "typical_volume": 143193.55, "trend": 38.336201, "fair_value": 43.079431, "relative_strength": -2.125044, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.030779, "energy": 79.425292, "activity_lines": [ 39.642084, 38.875515, 38.450557, 38.37919 ] }, { "date": "2025-02-28", "close": 39.901852, "volume": 173233, "typical_volume": 150205.2, "trend": 38.388645, "fair_value": 42.941134, "relative_strength": 0.861096, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.23499, "energy": 77.319396, "activity_lines": [ 39.899006, 39.141839, 38.609383, 38.4802 ] }, { "date": "2025-03-07", "close": 39.190163, "volume": 189432, "typical_volume": 157726.8, "trend": 38.427874, "fair_value": 42.801201, "relative_strength": 1.46171, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.285494, "energy": 70.966723, "activity_lines": [ 39.759764, 39.241972, 38.691007, 38.531911 ] }, { "date": "2025-03-14", "close": 39.000381, "volume": 114025, "typical_volume": 158028.05, "trend": 38.474289, "fair_value": 42.66054, "relative_strength": 3.834372, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.36314, "energy": 40.188351, "activity_lines": [ 39.454783, 39.282925, 38.749381, 38.568847 ] }, { "date": "2025-03-21", "close": 39.047829, "volume": 155242, "typical_volume": 160190.15, "trend": 38.475745, "fair_value": 42.521645, "relative_strength": 2.924166, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.087549, "energy": 25.670886, "activity_lines": [ 39.243937, 39.310463, 38.80693, 38.605849 ] }, { "date": "2025-03-28", "close": 38.431034, "volume": 131265, "typical_volume": 160703.4, "trend": 38.450636, "fair_value": 42.381724, "relative_strength": 4.258604, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.98826, "energy": 19.508303, "activity_lines": [ 38.908654, 39.202134, 38.799952, 38.602965 ] }, { "date": "2025-04-04", "close": 37.861687, "volume": 192395, "typical_volume": 168323.15, "trend": 38.42006, "fair_value": 42.238152, "relative_strength": 4.258939, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.896032, "energy": 17.002598, "activity_lines": [ 38.491132, 38.972864, 38.73762, 38.564968 ] }, { "date": "2025-04-11", "close": 35.394508, "volume": 271584, "typical_volume": 178802.35, "trend": 38.311749, "fair_value": 42.078766, "relative_strength": 6.257953, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -44.571613, "energy": 39.688356, "activity_lines": [ 37.387229, 38.288765, 38.442326, 38.369771 ] }, { "date": "2025-04-18", "close": 35.109833, "volume": 66037, "typical_volume": 179191.2, "trend": 38.190947, "fair_value": 41.91853, "relative_strength": 6.038082, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.426247, "energy": 79.866444, "activity_lines": [ 36.441477, 37.59397, 38.132606, 38.163196 ] }, { "date": "2025-04-25", "close": 35.109833, "volume": 98158, "typical_volume": 182399.1, "trend": 38.082155, "fair_value": 41.760732, "relative_strength": 3.569924, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.884385, "energy": 85.000908, "activity_lines": [ 35.755095, 36.991272, 37.835854, 37.964414 ] }, { "date": "2025-05-02", "close": 36.770432, "volume": 86469, "typical_volume": 185272.55, "trend": 38.016706, "fair_value": 41.613092, "relative_strength": 3.717579, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.327928, "energy": 76.362327, "activity_lines": [ 35.88478, 36.784236, 37.711723, 37.879787 ] }, { "date": "2025-05-09", "close": 36.295975, "volume": 72141, "typical_volume": 186329.6, "trend": 37.962465, "fair_value": 41.471189, "relative_strength": 1.798034, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.807444, "energy": 73.763714, "activity_lines": [ 35.967018, 36.550458, 37.548538, 37.768772 ] }, { "date": "2025-05-16", "close": 36.295975, "volume": 41053, "typical_volume": 185782.25, "trend": 37.902219, "fair_value": 41.33075, "relative_strength": -2.443593, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.701619, "energy": 42.624479, "activity_lines": [ 36.153638, 36.382241, 37.392888, 37.661257 ] }, { "date": "2025-05-23", "close": 36.533203, "volume": 87090, "typical_volume": 188336.75, "trend": 37.857387, "fair_value": 41.204024, "relative_strength": -0.931546, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.006685, "energy": 28.547591, "activity_lines": [ 36.359236, 36.309778, 37.267151, 37.572933 ] }, { "date": "2025-05-30", "close": 36.058746, "volume": 65050, "typical_volume": 187589.25, "trend": 37.798241, "fair_value": 41.103032, "relative_strength": -0.79746, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -45.805687, "energy": 30.788501, "activity_lines": [ 36.31179, 36.195908, 37.102203, 37.456892 ] }, { "date": "2025-06-06", "close": 35.58429, "volume": 74161, "typical_volume": 187947.3, "trend": 37.711269, "fair_value": 40.992171, "relative_strength": -3.375849, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -61.125377, "energy": 37.676619, "activity_lines": [ 36.042931, 36.05012, 36.900089, 37.314056 ] }, { "date": "2025-06-13", "close": 35.252171, "volume": 25649, "typical_volume": 185529.75, "trend": 37.610224, "fair_value": 40.871865, "relative_strength": -5.949637, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.186455, "energy": 43.94432, "activity_lines": [ 35.742442, 35.895706, 36.675338, 37.155405 ] }, { "date": "2025-06-20", "close": 35.58429, "volume": 59021, "typical_volume": 187380.8, "trend": 37.527757, "fair_value": 40.747836, "relative_strength": -4.863419, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.686627, "energy": 48.08578, "activity_lines": [ 35.622247, 35.849123, 36.493006, 37.024699 ] }, { "date": "2025-06-27", "close": 35.868965, "volume": 17664, "typical_volume": 171047.25, "trend": 37.462285, "fair_value": 40.632947, "relative_strength": -6.339051, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.978879, "energy": 42.099744, "activity_lines": [ 35.644388, 35.850849, 36.347637, 36.917681 ] }, { "date": "2025-07-04", "close": 36.058746, "volume": 22209, "typical_volume": 155048.0, "trend": 37.39263, "fair_value": 40.533238, "relative_strength": -5.594024, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.574546, "energy": 35.822055, "activity_lines": [ 35.774073, 35.873277, 36.240848, 36.82713 ] }, { "date": "2025-07-11", "close": 35.67918, "volume": 33279, "typical_volume": 98757.85, "trend": 37.313325, "fair_value": 40.441251, "relative_strength": -7.337401, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.595127, "energy": 35.583593, "activity_lines": [ 35.777235, 35.809441, 36.117941, 36.716585 ] }, { "date": "2025-07-18", "close": 35.868965, "volume": 18452, "typical_volume": 91018.8, "trend": 37.246352, "fair_value": 40.356361, "relative_strength": -9.301727, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.358951, "energy": 26.604125, "activity_lines": [ 35.837334, 35.799952, 36.033894, 36.6234 ] }, { "date": "2025-07-25", "close": 35.58429, "volume": 26151, "typical_volume": 82854.75, "trend": 37.171391, "fair_value": 40.256818, "relative_strength": -9.826832, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.33982, "energy": 28.496633, "activity_lines": [ 35.76142, 35.746468, 35.94194, 36.51617 ] }, { "date": "2025-08-01", "close": 35.584289, "volume": 35107, "typical_volume": 78908.85, "trend": 37.097931, "fair_value": 40.142843, "relative_strength": -9.87623, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.932004, "energy": 35.112023, "activity_lines": [ 35.685507, 35.705923, 35.867157, 36.413777 ] }, { "date": "2025-08-08", "close": 35.631737, "volume": 34158, "typical_volume": 72854.65, "trend": 37.027554, "fair_value": 40.029707, "relative_strength": -11.685243, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.082994, "energy": 33.590873, "activity_lines": [ 35.644388, 35.691259, 35.813159, 36.319184 ] }, { "date": "2025-08-15", "close": 35.489399, "volume": 63340, "typical_volume": 69458.4, "trend": 36.96144, "fair_value": 39.922607, "relative_strength": -12.877632, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.863683, "energy": 50.094108, "activity_lines": [ 35.58429, 35.658478, 35.761872, 36.219948 ] }, { "date": "2025-08-22", "close": 35.441952, "volume": 32446, "typical_volume": 61460.95, "trend": 36.892244, "fair_value": 39.810393, "relative_strength": -10.646656, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.555207, "energy": 47.668744, "activity_lines": [ 35.521029, 35.618796, 35.720075, 36.121916 ] }, { "date": "2025-08-29", "close": 35.868965, "volume": 28084, "typical_volume": 49285.95, "trend": 36.832777, "fair_value": 39.703588, "relative_strength": -11.023383, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.923788, "energy": 31.861327, "activity_lines": [ 35.628573, 35.653302, 35.730468, 36.055898 ] }, { "date": "2025-09-05", "close": 35.631737, "volume": 11037, "typical_volume": 46535.95, "trend": 36.681329, "fair_value": 39.599538, "relative_strength": -12.264536, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.700185, "energy": 30.831473, "activity_lines": [ 35.638062, 35.6395, 35.716008, 35.978412 ] }, { "date": "2025-09-12", "close": 35.204723, "volume": 62001, "typical_volume": 44728.1, "trend": 36.512645, "fair_value": 39.497562, "relative_strength": -16.24201, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.290157, "energy": 37.674465, "activity_lines": [ 35.502051, 35.552372, 35.658396, 35.883147 ] }, { "date": "2025-09-19", "close": 35.774075, "volume": 27137, "typical_volume": 41761.5, "trend": 36.370307, "fair_value": 39.398167, "relative_strength": -14.854004, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.974831, "energy": 23.020545, "activity_lines": [ 35.584291, 35.58429, 35.654555, 35.835497 ] }, { "date": "2025-09-26", "close": 35.58429, "volume": 54010, "typical_volume": 40854.95, "trend": 36.226389, "fair_value": 39.311986, "relative_strength": -14.973095, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.770192, "energy": 24.08475, "activity_lines": [ 35.584291, 35.579977, 35.637384, 35.784787 ] }, { "date": "2025-10-03", "close": 35.347061, "volume": 19110, "typical_volume": 39757.8, "trend": 36.098285, "fair_value": 39.231767, "relative_strength": -18.907748, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.128794, "energy": 32.347216, "activity_lines": [ 35.495725, 35.537707, 35.601009, 35.728056 ] }, { "date": "2025-10-10", "close": 35.299618, "volume": 97421, "typical_volume": 40274.35, "trend": 35.974927, "fair_value": 39.196143, "relative_strength": -20.237188, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.110518, "energy": 31.710557, "activity_lines": [ 35.426138, 35.491125, 35.564634, 35.676529 ] }, { "date": "2025-10-17", "close": 34.967495, "volume": 197110, "typical_volume": 46877.35, "trend": 35.838915, "fair_value": 39.148234, "relative_strength": -20.628271, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.774731, "energy": 57.858677, "activity_lines": [ 35.267986, 35.389332, 35.502503, 35.611533 ] }, { "date": "2025-10-24", "close": 35.58429, "volume": 251050, "typical_volume": 55721.8, "trend": 35.744024, "fair_value": 39.11283, "relative_strength": -19.595778, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.053039, "energy": 38.203091, "activity_lines": [ 35.331246, 35.41176, 35.50431, 35.595106 ] }, { "date": "2025-10-31", "close": 35.299618, "volume": 48080, "typical_volume": 56843.35, "trend": 35.658622, "fair_value": 39.073999, "relative_strength": -21.87372, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.67916, "energy": 31.841772, "activity_lines": [ 35.312269, 35.380705, 35.479006, 35.566434 ] }, { "date": "2025-11-07", "close": 35.109833, "volume": 42407, "typical_volume": 56012.65, "trend": 35.649133, "fair_value": 39.034485, "relative_strength": -20.268546, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.490151, "energy": 33.003106, "activity_lines": [ 35.249008, 35.317732, 35.435401, 35.531029 ] }, { "date": "2025-11-14", "close": 36.533203, "volume": 114863, "typical_volume": 60872.6, "trend": 35.696578, "fair_value": 39.004095, "relative_strength": -15.971111, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -3.973603, "energy": 9.288204, "activity_lines": [ 35.676018, 35.527355, 35.529615, 35.588065 ] }, { "date": "2025-11-21", "close": 35.631737, "volume": 62030, "typical_volume": 62863.65, "trend": 35.713975, "fair_value": 38.959375, "relative_strength": -14.723948, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.087452, "energy": 8.77563, "activity_lines": [ 35.720301, 35.556686, 35.534811, 35.583882 ] }, { "date": "2025-11-28", "close": 35.868965, "volume": 30006, "typical_volume": 62700.0, "trend": 35.683926, "fair_value": 38.915107, "relative_strength": -17.503938, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.14927, "energy": 15.498233, "activity_lines": [ 35.799378, 35.621384, 35.564634, 35.593881 ] }, { "date": "2025-12-05", "close": 36.438316, "volume": 34039, "typical_volume": 63479.35, "trend": 35.688671, "fair_value": 38.875557, "relative_strength": -16.838003, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 36.103777, "energy": 35.07166, "activity_lines": [ 36.049259, 35.787876, 35.647778, 35.642552 ] }, { "date": "2025-12-12", "close": 35.821518, "volume": 29140, "typical_volume": 63628.8, "trend": 35.672856, "fair_value": 38.832588, "relative_strength": -18.50435, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.321975, "energy": 29.849677, "activity_lines": [ 36.017628, 35.826695, 35.669467, 35.651123 ] }, { "date": "2025-12-19", "close": 35.15728, "volume": 44015, "typical_volume": 64074.2, "trend": 35.626991, "fair_value": 38.782154, "relative_strength": -18.187216, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -6.902322, "energy": 6.701041, "activity_lines": [ 35.717139, 35.736117, 35.626766, 35.61786 ] }, { "date": "2025-12-26", "close": 35.204723, "volume": 16122, "typical_volume": 63172.4, "trend": 35.598524, "fair_value": 38.728282, "relative_strength": -20.099546, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -11.083827, "energy": 7.658897, "activity_lines": [ 35.524192, 35.656753, 35.590617, 35.590617 ] }, { "date": "2026-01-02", "close": 34.920048, "volume": 38154, "typical_volume": 61913.1, "trend": 35.576383, "fair_value": 38.674724, "relative_strength": -22.470048, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.493012, "energy": 34.427209, "activity_lines": [ 35.264822, 35.521317, 35.529389, 35.546844 ] }, { "date": "2026-01-09", "close": 35.204723, "volume": 84190, "typical_volume": 64500.3, "trend": 35.574801, "fair_value": 38.621387, "relative_strength": -23.798134, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.150443, "energy": 33.850929, "activity_lines": [ 35.163604, 35.449716, 35.497984, 35.522866 ] }, { "date": "2026-01-16", "close": 35.631737, "volume": 138522, "typical_volume": 70022.2, "trend": 35.576383, "fair_value": 38.563305, "relative_strength": -25.157332, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.488152, "energy": 30.533838, "activity_lines": [ 35.286963, 35.457481, 35.508377, 35.526539 ] }, { "date": "2026-01-23", "close": 35.536846, "volume": 155124, "typical_volume": 77226.55, "trend": 35.565312, "fair_value": 38.501407, "relative_strength": -26.171005, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.588096, "energy": 20.838557, "activity_lines": [ 35.391344, 35.438503, 35.510862, 35.523988 ] }, { "date": "2026-01-30", "close": 36.438316, "volume": 178032, "typical_volume": 83028.1, "trend": 35.577964, "fair_value": 38.438873, "relative_strength": -24.089701, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 59.56354, "energy": 29.057807, "activity_lines": [ 35.770911, 35.601544, 35.599654, 35.580311 ] }, { "date": "2026-02-06", "close": 37.90913, "volume": 461212, "typical_volume": 104731.85, "trend": 35.652296, "fair_value": 38.381493, "relative_strength": -19.793694, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 82.319475, "energy": 69.933821, "activity_lines": [ 36.55851, 36.017341, 35.822649, 35.730709 ] }, { "date": "2026-02-13", "close": 37.150002, "volume": 485920, "typical_volume": 126327.35, "trend": 35.694997, "fair_value": 38.32459, "relative_strength": -25.048967, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.722954, "energy": 75.895891, "activity_lines": [ 36.893794, 36.25802, 35.963179, 35.827335 ] }, { "date": "2026-02-27", "close": 36.049999, "volume": 441200, "typical_volume": 147431.85, "trend": 35.710521, "fair_value": 38.25743, "relative_strength": -30.375185, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.273653, "energy": 67.57774, "activity_lines": [ 36.732725, 36.28576, 35.991491, 35.850239 ] }, { "date": "2026-03-06", "close": 35.349998, "volume": 194762, "typical_volume": 152298.9, "trend": 35.702711, "fair_value": 38.186911, "relative_strength": -27.390969, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.76371, "energy": 40.279735, "activity_lines": [ 36.310438, 36.182072, 35.949789, 35.826979 ] }, { "date": "2026-03-13", "close": 35.099998, "volume": 112759, "typical_volume": 148081.35, "trend": 35.684987, "fair_value": 38.120332, "relative_strength": -26.809029, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.089384, "energy": 11.015567, "activity_lines": [ 35.817274, 36.029426, 35.884037, 35.788094 ] }, { "date": "2026-03-20", "close": 34.5, "volume": 106099, "typical_volume": 140833.8, "trend": 35.652007, "fair_value": 38.059886, "relative_strength": -27.64429, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.799622, "energy": 26.633867, "activity_lines": [ 35.213332, 35.769593, 35.760512, 35.711644 ] }, { "date": "2026-03-27", "close": 34.799999, "volume": 67299, "typical_volume": 141794.75, "trend": 35.630608, "fair_value": 38.012449, "relative_strength": -25.350234, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.047151, "energy": 31.393669, "activity_lines": [ 34.936666, 35.571943, 35.670721, 35.656675 ] }, { "date": "2026-04-03", "close": 34.799999, "volume": 60181, "typical_volume": 142683.45, "trend": 35.594976, "fair_value": 37.962518, "relative_strength": -23.368476, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.343908, "energy": 43.291111, "activity_lines": [ 34.816666, 35.381651, 35.58331, 35.603088 ] }, { "date": "2026-04-10", "close": 35.0, "volume": 41079, "typical_volume": 138994.25, "trend": 35.573918, "fair_value": 37.911928, "relative_strength": -28.339499, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -56.320502, "energy": 52.660707, "activity_lines": [ 34.846666, 35.242846, 35.516422, 35.564702 ] }, { "date": "2026-04-17", "close": 34.5, "volume": 110073, "typical_volume": 141396.4, "trend": 35.550427, "fair_value": 37.85952, "relative_strength": -31.184547, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.507695, "energy": 42.855718, "activity_lines": [ 34.733333, 35.022893, 35.409215, 35.495417 ] }, { "date": "2026-04-24", "close": 33.599998, "volume": 133802, "typical_volume": 146586.2, "trend": 35.477958, "fair_value": 37.800787, "relative_strength": -35.784367, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.97375, "energy": 52.741555, "activity_lines": [ 34.359999, 34.674545, 35.221684, 35.369583 ] }, { "date": "2026-05-01", "close": 32.650002, "volume": 110061, "typical_volume": 150387.3, "trend": 35.380148, "fair_value": 37.726264, "relative_strength": -36.750883, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.390339, "energy": 70.500092, "activity_lines": [ 33.73, 34.231818, 34.954481, 35.187134 ] }, { "date": "2026-05-08", "close": 31.5, "volume": 286013, "typical_volume": 163230.95, "trend": 35.251913, "fair_value": 37.652408, "relative_strength": -42.055384, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.441403, "energy": 85.132131, "activity_lines": [ 32.86, 33.661818, 34.595794, 34.936802 ] }, { "date": "2026-05-15", "close": 31.65, "volume": 83903, "typical_volume": 165225.35, "trend": 35.130259, "fair_value": 37.582561, "relative_strength": -40.320097, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.145989, "energy": 87.216878, "activity_lines": [ 32.26, 33.201818, 34.271971, 34.704421 ] }, { "date": "2026-05-22", "close": 31.299999, "volume": 97256, "typical_volume": 169282.05, "trend": 35.008009, "fair_value": 37.508808, "relative_strength": -41.708264, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.838425, "energy": 90.104171, "activity_lines": [ 31.766666, 32.745454, 33.931516, 34.457307 ] }, { "date": "2026-05-29", "close": 31.0, "volume": 149799, "typical_volume": 174864.3, "trend": 34.8552, "fair_value": 37.433686, "relative_strength": -44.614678, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.093041, "energy": 90.410948, "activity_lines": [ 31.386667, 32.303636, 33.581084, 34.198726 ] }, { "date": "2026-06-05", "close": 31.450001, "volume": 200036, "typical_volume": 180656.6, "trend": 34.726879, "fair_value": 37.365607, "relative_strength": -43.369215, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.286298, "energy": 84.943112, "activity_lines": [ 31.33, 32.007273, 33.292175, 33.979035 ] }, { "date": "2026-06-12", "close": 31.0, "volume": 119034, "typical_volume": 179682.2, "trend": 34.589885, "fair_value": 37.28993, "relative_strength": -42.190726, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.431736, "energy": 80.581629, "activity_lines": [ 31.203333, 31.69, 32.97829, 33.738592 ] }, { "date": "2026-06-19", "close": 31.1, "volume": 55001, "typical_volume": 174676.05, "trend": 34.408778, "fair_value": 37.214895, "relative_strength": -44.047963, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.453396, "energy": 68.483776, "activity_lines": [ 31.143333, 31.46, 32.695984, 33.513438 ] }, { "date": "2026-06-26", "close": 30.75, "volume": 141864, "typical_volume": 172867.65, "trend": 34.246053, "fair_value": 37.137617, "relative_strength": -41.457714, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.814691, "energy": 64.764885, "activity_lines": [ 31.003333, 31.237273, 32.401472, 33.277388 ] }, { "date": "2026-07-03", "close": 31.0, "volume": 41102, "typical_volume": 151862.15, "trend": 34.083754, "fair_value": 37.062495, "relative_strength": -42.905836, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.097126, "energy": 60.430217, "activity_lines": [ 30.983333, 31.128182, 32.157857, 33.067965 ] }, { "date": "2026-07-10", "close": 30.799999, "volume": 43006, "typical_volume": 129716.45, "trend": 33.895811, "fair_value": 36.987754, "relative_strength": -40.584824, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.50584, "energy": 61.293791, "activity_lines": [ 30.896666, 31.03, 31.928095, 32.85611 ] }, { "date": "2026-07-17", "close": 30.65, "volume": 73242, "typical_volume": 111318.55, "trend": 33.723427, "fair_value": 36.915932, "relative_strength": -36.244348, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.407552, "energy": 61.943901, "activity_lines": [ 30.803333, 30.938182, 31.714286, 32.646703 ] }, { "date": "2026-07-24", "close": 30.4, "volume": 118902, "typical_volume": 107525.55, "trend": 33.564851, "fair_value": 36.840844, "relative_strength": -37.292566, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.048845, "energy": 62.495857, "activity_lines": [ 30.65, 30.816364, 31.502381, 32.432288 ] }, { "date": "2026-07-31", "close": 30.25, "volume": 184182, "typical_volume": 111096.7, "trend": 33.399693, "fair_value": 36.768121, "relative_strength": -35.916022, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.836887, "energy": 68.287064, "activity_lines": [ 30.493333, 30.69, 31.299762, 32.218427 ] }, { "date": "2026-08-07", "close": 30.5, "volume": 34142, "typical_volume": 107498.85, "trend": 33.252358, "fair_value": 36.694506, "relative_strength": -36.071699, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.336188, "energy": 67.420487, "activity_lines": [ 30.453333, 30.628182, 31.144048, 32.03135 ] }, { "date": "2026-08-14", "close": 30.799999, "volume": 64167, "typical_volume": 107342.25, "trend": 33.105534, "fair_value": 36.625031, "relative_strength": -36.762368, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.721112, "energy": 60.271114, "activity_lines": [ 30.546666, 30.63, 31.035952, 31.873133 ] } ], "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." } } }