{ "ticker": { "uuid": "09f8c719-59a7-4c76-a6db-f7380db91c55", "symbol": "605169", "name": "Xinjiang Hongtong Natural Gas Co., Ltd.", "exchange": "SHH", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "000001.SS", "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": -48.064, "architecture_energy": 43.817, "architecture_maturity": 100.0, "architecture_confidence": 86.499, "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": 22.53, "rotation_up": 27.48, "upward_expansion": 19.96, "deceleration": 46.94, "rotation_down": 38.37, "downward_expansion": 67.63 }, "activity_lines": [ 9.736667, 9.607722, 10.346615, 11.030012 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 9.95, "trend_reference": 11.914022, "distance_from_trend": -0.16485, "trend_direction": "Weakening", "fair_value": 10.780013, "distance_from_fair_value": -0.076996, "fair_value_direction": "Weakening", "relative_strength": -24.435504, "relative_strength_direction": "Weakening", "price_momentum": -0.277939, "excess_performance": -0.234735, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.16485, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.107848, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.076996, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.266854, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.244355, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.118624, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.277939, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.325906, "read": "Demand-led" } ], "volume": { "latest": 12908204, "relative_activity": 0.730947, "balance": 1.325906, "dry_up": 0.828381, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.082427, "annualized_volatility": 0.433591, "from_high_reference": -0.540203, "from_low_reference": 0.135845 }, "levels": { "trend_reference": 11.914022, "fair_value_reference": 10.780013, "structural_low": 8.76, "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": 23, "median_return": 0.007881, "positive_rate": 0.521739, "directional_follow_through": 0.478261, "median_excess_return": 0.007161, "regime_survival": 0.782609, "best_return": 0.141145, "worst_return": -0.147239, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.064265, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.056673, "regime_survival": 0.555556, "best_return": 0.392809, "worst_return": -0.154982, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.08086, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.084796, "regime_survival": 0.333333, "best_return": 0.707643, "worst_return": -0.083473, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.046421, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.087993, "regime_survival": 0.333333, "best_return": 0.383839, "worst_return": -0.205459, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-09-27", "end": "2024-10-11", "tenure": "New", "return": 0.050526, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-18", "end": "2025-01-03", "tenure": "Developing", "return": -0.064579, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-03-07", "tenure": "Developing", "return": 0.061966, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-14", "end": "2025-04-18", "tenure": "Developing", "return": -0.108949, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-05-09", "tenure": "New", "return": 0.068822, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-16", "end": "2025-06-06", "tenure": "New", "return": -0.120703, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-13", "end": "2025-09-12", "tenure": "Established", "return": 0.395305, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-19", "end": "2025-10-17", "tenure": "Developing", "return": 0.099081, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-24", "end": "2025-11-28", "tenure": "Developing", "return": -0.135625, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-05", "end": "2025-12-12", "tenure": "New", "return": -0.017778, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-12-19", "end": "2026-01-30", "tenure": "Developing", "return": 0.034535, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-02-06", "end": "2026-03-20", "tenure": "Developing", "return": 0.069507, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-27", "end": "2026-04-03", "tenure": "New", "return": -0.158707, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-10", "end": "2026-08-07", "tenure": "Established", "return": -0.171524, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 10.095377, "volume": 13340519, "typical_volume": 5768354.45, "trend": 10.181592, "fair_value": 10.896774, "relative_strength": -8.747129, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.35521, "energy": 14.622845, "activity_lines": [ 10.026039, 9.907661, 9.874435, 10.003186 ] }, { "date": "2023-08-04", "close": 10.028584, "volume": 6397750, "typical_volume": 5801897.2, "trend": 10.170143, "fair_value": 10.89066, "relative_strength": -9.440011, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.160204, "energy": 16.102754, "activity_lines": [ 10.047031, 9.938716, 9.882751, 9.993315 ] }, { "date": "2023-08-11", "close": 10.133545, "volume": 18654827, "typical_volume": 6472574.5, "trend": 10.156577, "fair_value": 10.885366, "relative_strength": -5.176914, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.114079, "energy": 14.853171, "activity_lines": [ 10.087744, 9.988507, 9.903145, 9.990954 ] }, { "date": "2023-08-18", "close": 9.971332, "volume": 11451834, "typical_volume": 6816707.95, "trend": 10.141035, "fair_value": 10.879018, "relative_strength": -4.647294, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.67198, "energy": 11.173235, "activity_lines": [ 10.056573, 10.001519, 9.909894, 9.979002 ] }, { "date": "2023-08-25", "close": 9.723241, "volume": 16064527, "typical_volume": 7415891.55, "trend": 10.108799, "fair_value": 10.871047, "relative_strength": -4.603314, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.554857, "energy": 15.108376, "activity_lines": [ 9.936981, 9.964392, 9.894745, 9.952048 ] }, { "date": "2023-09-01", "close": 10.372093, "volume": 20332697, "typical_volume": 8115579.1, "trend": 10.095071, "fair_value": 10.86763, "relative_strength": -0.169326, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.671383, "energy": 8.572856, "activity_lines": [ 10.064207, 10.045412, 9.944258, 9.969035 ] }, { "date": "2023-09-08", "close": 10.095377, "volume": 19201884, "typical_volume": 8823603.45, "trend": 10.067751, "fair_value": 10.862376, "relative_strength": -1.890745, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.987007, "energy": 7.651834, "activity_lines": [ 10.080746, 10.06172, 9.965901, 9.969054 ] }, { "date": "2023-09-15", "close": 10.085835, "volume": 10422557, "typical_volume": 9095417.1, "trend": 10.050097, "fair_value": 10.857129, "relative_strength": -1.665851, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.590387, "energy": 11.870057, "activity_lines": [ 10.089652, 10.070915, 9.98461, 9.970221 ] }, { "date": "2023-09-22", "close": 10.066751, "volume": 7895086, "typical_volume": 9394659.95, "trend": 10.026503, "fair_value": 10.851825, "relative_strength": -1.847751, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.862812, "energy": 20.428608, "activity_lines": [ 10.095377, 10.07265, 9.999477, 9.971296 ] }, { "date": "2023-09-29", "close": 10.429345, "volume": 10568023, "typical_volume": 9722782.75, "trend": 10.014996, "fair_value": 10.849008, "relative_strength": 2.739977, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.388608, "energy": 30.459528, "activity_lines": [ 10.215605, 10.137015, 10.047031, 9.997285 ] }, { "date": "2023-10-13", "close": 9.990417, "volume": 13558725, "typical_volume": 10199826.5, "trend": 9.990729, "fair_value": 10.843322, "relative_strength": -0.428595, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 44.213898, "energy": 23.293833, "activity_lines": [ 10.142451, 10.117063, 10.049167, 9.9957 ] }, { "date": "2023-10-20", "close": 9.790035, "volume": 23143123, "typical_volume": 10630658.1, "trend": 9.968208, "fair_value": 10.836393, "relative_strength": 1.319456, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 19.545576, "energy": 8.341505, "activity_lines": [ 10.027948, 10.062588, 10.031673, 9.982752 ] }, { "date": "2023-10-27", "close": 10.477055, "volume": 27700186, "typical_volume": 11586657.4, "trend": 9.967028, "fair_value": 10.834044, "relative_strength": 7.439851, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 53.182688, "energy": 24.229678, "activity_lines": [ 10.162807, 10.137362, 10.080655, 10.01558 ] }, { "date": "2023-11-03", "close": 10.667893, "volume": 21612663, "typical_volume": 12456699.4, "trend": 9.978138, "fair_value": 10.832965, "relative_strength": 9.043724, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 57.991052, "energy": 29.327265, "activity_lines": [ 10.335198, 10.240588, 10.144268, 10.060797 ] }, { "date": "2023-11-10", "close": 11.269037, "volume": 18357146, "typical_volume": 13177877.35, "trend": 10.009598, "fair_value": 10.835779, "relative_strength": 14.727093, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 73.204181, "energy": 62.343779, "activity_lines": [ 10.667894, 10.440449, 10.260498, 10.144081 ] }, { "date": "2023-11-17", "close": 10.954151, "volume": 22287678, "typical_volume": 14184739.1, "trend": 10.03961, "fair_value": 10.836537, "relative_strength": 10.885667, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.915141, "energy": 68.085399, "activity_lines": [ 10.839648, 10.554952, 10.339424, 10.20502 ] }, { "date": "2023-11-24", "close": 10.99232, "volume": 11641523, "typical_volume": 14485614.9, "trend": 10.083689, "fair_value": 10.812007, "relative_strength": 11.695546, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.479352, "energy": 70.147229, "activity_lines": [ 10.959877, 10.665812, 10.415441, 10.266485 ] }, { "date": "2023-12-01", "close": 10.99232, "volume": 9201469, "typical_volume": 14707166.6, "trend": 10.128079, "fair_value": 10.800795, "relative_strength": 11.967779, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.720682, "energy": 69.369578, "activity_lines": [ 10.999953, 10.760364, 10.485779, 10.325107 ] }, { "date": "2023-12-08", "close": 10.782397, "volume": 10425954, "typical_volume": 15054076.85, "trend": 10.164848, "fair_value": 10.782462, "relative_strength": 12.109177, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.742592, "energy": 52.643541, "activity_lines": [ 10.935704, 10.800267, 10.530762, 10.367321 ] }, { "date": "2023-12-15", "close": 11.001862, "volume": 14167866, "typical_volume": 15321301.85, "trend": 10.209244, "fair_value": 10.756416, "relative_strength": 15.32988, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.69151, "energy": 40.251373, "activity_lines": [ 10.936977, 10.86706, 10.592376, 10.421322 ] }, { "date": "2023-12-22", "close": 10.791939, "volume": 11864230, "typical_volume": 15247487.4, "trend": 10.239779, "fair_value": 10.737292, "relative_strength": 14.021185, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.385542, "energy": 31.899888, "activity_lines": [ 10.886086, 10.885277, 10.630089, 10.458915 ] }, { "date": "2023-12-29", "close": 10.811023, "volume": 9454217, "typical_volume": 15400310.75, "trend": 10.266496, "fair_value": 10.713178, "relative_strength": 11.741292, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.68702, "energy": 24.181676, "activity_lines": [ 10.852371, 10.89239, 10.666303, 10.495769 ] }, { "date": "2024-01-05", "close": 11.011403, "volume": 9812056, "typical_volume": 14958172.2, "trend": 10.309117, "fair_value": 10.698427, "relative_strength": 15.336241, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.058932, "energy": 26.845151, "activity_lines": [ 10.897536, 10.917372, 10.717875, 10.543828 ] }, { "date": "2024-01-12", "close": 10.791939, "volume": 8953565, "typical_volume": 14833258.75, "trend": 10.345694, "fair_value": 10.682743, "relative_strength": 14.627065, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.01052, "energy": 21.919646, "activity_lines": [ 10.868274, 10.892737, 10.744366, 10.574978 ] }, { "date": "2024-01-19", "close": 9.971332, "volume": 10149262, "typical_volume": 14537495.5, "trend": 10.353646, "fair_value": 10.661452, "relative_strength": 7.653718, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.169603, "energy": 9.378826, "activity_lines": [ 10.564841, 10.716644, 10.688795, 10.550825 ] }, { "date": "2024-01-26", "close": 10.0095, "volume": 15096462, "typical_volume": 14275683.75, "trend": 10.367959, "fair_value": 10.645896, "relative_strength": 5.06467, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -24.392468, "energy": 24.128467, "activity_lines": [ 10.342832, 10.571086, 10.635678, 10.528622 ] }, { "date": "2024-02-02", "close": 8.062943, "volume": 15538085, "typical_volume": 14092493.8, "trend": 10.310071, "fair_value": 10.627047, "relative_strength": -9.614799, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -52.556201, "energy": 69.091172, "activity_lines": [ 9.524133, 10.088785, 10.398902, 10.379912 ] }, { "date": "2024-02-09", "close": 6.994245, "volume": 30245647, "typical_volume": 15083648.3, "trend": 10.214333, "fair_value": 10.607658, "relative_strength": -24.926962, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -92.722576, "energy": 95.368544, "activity_lines": [ 8.532407, 9.465435, 10.070023, 10.165987 ] }, { "date": "2024-02-23", "close": 8.005692, "volume": 20416989, "typical_volume": 15709743.45, "trend": 10.151675, "fair_value": 10.596268, "relative_strength": -17.712264, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.987144, "energy": 89.31919, "activity_lines": [ 8.14564, 9.098678, 9.852194, 10.023494 ] }, { "date": "2024-03-01", "close": 7.910272, "volume": 19135419, "typical_volume": 16138113.25, "trend": 10.075975, "fair_value": 10.587076, "relative_strength": -18.960693, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.245554, "energy": 88.134203, "activity_lines": [ 7.912817, 8.765057, 9.635092, 9.878888 ] }, { "date": "2024-03-08", "close": 7.919814, "volume": 12858332, "typical_volume": 16103093.6, "trend": 10.003456, "fair_value": 10.582142, "relative_strength": -19.032076, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.439229, "energy": 85.006429, "activity_lines": [ 7.820578, 8.489381, 9.430894, 9.739781 ] }, { "date": "2024-03-15", "close": 8.225156, "volume": 11498574, "typical_volume": 15520866.15, "trend": 9.943342, "fair_value": 10.581532, "relative_strength": -15.873318, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.028653, "energy": 58.215332, "activity_lines": [ 7.969432, 8.321443, 9.265637, 9.625052 ] }, { "date": "2024-03-22", "close": 8.473247, "volume": 12387262, "typical_volume": 14755219.95, "trend": 9.887999, "fair_value": 10.57822, "relative_strength": -12.86627, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.321147, "energy": 49.938053, "activity_lines": [ 8.190169, 8.245628, 9.131459, 9.530207 ] }, { "date": "2024-03-29", "close": 8.454163, "volume": 10864913, "typical_volume": 14217832.45, "trend": 9.837427, "fair_value": 10.575607, "relative_strength": -12.634635, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.099001, "energy": 39.257987, "activity_lines": [ 8.305945, 8.212491, 9.005006, 9.437701 ] }, { "date": "2024-04-05", "close": 8.912176, "volume": 9939212, "typical_volume": 13796935.75, "trend": 9.810391, "fair_value": 10.573152, "relative_strength": -8.571266, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.589785, "energy": 27.447584, "activity_lines": [ 8.544493, 8.305135, 8.932714, 9.378008 ] }, { "date": "2024-04-12", "close": 8.625917, "volume": 23811479, "typical_volume": 13873125.8, "trend": 9.752185, "fair_value": 10.572239, "relative_strength": -9.883625, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.724714, "energy": 22.404836, "activity_lines": [ 8.620829, 8.364989, 8.844383, 9.30159 ] }, { "date": "2024-04-19", "close": 8.301492, "volume": 23786191, "typical_volume": 14480359.2, "trend": 9.692389, "fair_value": 10.567006, "relative_strength": -14.363417, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.502023, "energy": 22.854412, "activity_lines": [ 8.541949, 8.391012, 8.736241, 9.207997 ] }, { "date": "2024-04-26", "close": 7.957982, "volume": 52172023, "typical_volume": 16628886.9, "trend": 9.621461, "fair_value": 10.548651, "relative_strength": -18.312084, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.208551, "energy": 30.512185, "activity_lines": [ 8.343476, 8.350242, 8.608197, 9.0961 ] }, { "date": "2024-05-03", "close": 7.833937, "volume": 13046050, "typical_volume": 16759891.7, "trend": 9.547033, "fair_value": 10.525777, "relative_strength": -19.806162, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.181501, "energy": 37.963099, "activity_lines": [ 8.138007, 8.269396, 8.482789, 8.980776 ] }, { "date": "2024-05-10", "close": 8.415995, "volume": 43682490, "typical_volume": 18235622.9, "trend": 9.479922, "fair_value": 10.511495, "relative_strength": -15.081649, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.825918, "energy": 36.283153, "activity_lines": [ 8.167905, 8.297502, 8.426855, 8.907805 ] }, { "date": "2024-05-17", "close": 9.045762, "volume": 76455139, "typical_volume": 21465168.35, "trend": 9.448433, "fair_value": 10.504657, "relative_strength": -8.692707, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.426888, "energy": 21.826248, "activity_lines": [ 8.440804, 8.430915, 8.443212, 8.879795 ] }, { "date": "2024-05-24", "close": 8.683169, "volume": 34075744, "typical_volume": 22696244.7, "trend": 9.411538, "fair_value": 10.496979, "relative_strength": -10.424982, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.418986, "energy": 13.184842, "activity_lines": [ 8.564849, 8.477931, 8.433352, 8.830423 ] }, { "date": "2024-05-31", "close": 8.473247, "volume": 23588930, "typical_volume": 23385088.4, "trend": 9.344744, "fair_value": 10.491364, "relative_strength": -12.391203, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.856208, "energy": 14.153992, "activity_lines": [ 8.593475, 8.478451, 8.413632, 8.769888 ] }, { "date": "2024-06-07", "close": 7.95296, "volume": 18530942, "typical_volume": 23863957.25, "trend": 9.254246, "fair_value": 10.481845, "relative_strength": -16.552198, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.133434, "energy": 15.408213, "activity_lines": [ 8.414321, 8.384374, 8.356448, 8.680096 ] }, { "date": "2024-06-14", "close": 7.992041, "volume": 9819211, "typical_volume": 23847454.7, "trend": 9.145013, "fair_value": 10.467275, "relative_strength": -15.429802, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.77717, "energy": 28.673775, "activity_lines": [ 8.240259, 8.306515, 8.316504, 8.598663 ] }, { "date": "2024-06-21", "close": 7.728244, "volume": 11898041, "typical_volume": 23687533.65, "trend": 9.037483, "fair_value": 10.451429, "relative_strength": -17.064131, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.065384, "energy": 43.013463, "activity_lines": [ 8.006528, 8.197423, 8.260862, 8.507259 ] }, { "date": "2024-06-28", "close": 7.659853, "volume": 9534046, "typical_volume": 23387331.7, "trend": 8.926401, "fair_value": 10.439368, "relative_strength": -16.744718, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.293029, "energy": 51.637815, "activity_lines": [ 7.837835, 8.092218, 8.209569, 8.418379 ] }, { "date": "2024-07-05", "close": 7.415597, "volume": 5816314, "typical_volume": 22165865.05, "trend": 8.807177, "fair_value": 10.423038, "relative_strength": -18.679137, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.561148, "energy": 60.353123, "activity_lines": [ 7.655945, 7.954269, 8.136934, 8.320908 ] }, { "date": "2024-07-12", "close": 7.796636, "volume": 10167317, "typical_volume": 21653381.45, "trend": 8.707651, "fair_value": 10.409151, "relative_strength": -14.884194, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.056937, "energy": 51.351427, "activity_lines": [ 7.671577, 7.89546, 8.098582, 8.255712 ] }, { "date": "2024-07-19", "close": 7.503529, "volume": 10190899, "typical_volume": 21206155.45, "trend": 8.59104, "fair_value": 10.393385, "relative_strength": -18.095089, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.995177, "energy": 49.255056, "activity_lines": [ 7.599929, 7.784038, 8.03331, 8.178027 ] }, { "date": "2024-07-26", "close": 7.54261, "volume": 7983329, "typical_volume": 20962405.3, "trend": 8.482729, "fair_value": 10.377531, "relative_strength": -14.828306, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.701382, "energy": 47.348925, "activity_lines": [ 7.573875, 7.696312, 7.973697, 8.110386 ] }, { "date": "2024-08-02", "close": 7.698934, "volume": 19819660, "typical_volume": 21378459.6, "trend": 8.378993, "fair_value": 10.366101, "relative_strength": -13.187773, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.196486, "energy": 34.003218, "activity_lines": [ 7.612304, 7.664339, 7.930768, 8.059819 ] }, { "date": "2024-08-09", "close": 7.874798, "volume": 28092769, "typical_volume": 22163734.95, "trend": 8.274439, "fair_value": 10.355038, "relative_strength": -9.678292, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.558202, "energy": 26.488029, "activity_lines": [ 7.70675, 7.682236, 7.907094, 8.02729 ] }, { "date": "2024-08-16", "close": 7.796636, "volume": 10003407, "typical_volume": 22120659.65, "trend": 8.174596, "fair_value": 10.34584, "relative_strength": -10.91758, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.40851, "energy": 22.445391, "activity_lines": [ 7.744528, 7.696802, 7.878826, 7.996464 ] }, { "date": "2024-08-23", "close": 7.337436, "volume": 8438281, "typical_volume": 22045613.1, "trend": 8.086799, "fair_value": 10.334416, "relative_strength": -15.102249, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.012801, "energy": 32.421585, "activity_lines": [ 7.62924, 7.63072, 7.809956, 7.942453 ] }, { "date": "2024-08-30", "close": 8.226525, "volume": 28121853, "typical_volume": 22261131.8, "trend": 8.027367, "fair_value": 10.329198, "relative_strength": -4.232035, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.137733, "energy": 11.408819, "activity_lines": [ 7.821387, 7.738192, 7.833259, 7.951468 ] }, { "date": "2024-09-06", "close": 8.324228, "volume": 21898837, "typical_volume": 22166764.1, "trend": 8.036076, "fair_value": 10.324986, "relative_strength": -0.313784, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.537491, "energy": 10.790219, "activity_lines": [ 8.000508, 7.854369, 7.867769, 7.97062 ] }, { "date": "2024-09-13", "close": 8.304688, "volume": 14593655, "typical_volume": 20287845.7, "trend": 8.079758, "fair_value": 10.31727, "relative_strength": 1.877266, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.812033, "energy": 18.871808, "activity_lines": [ 8.131429, 7.954914, 7.900311, 7.98795 ] }, { "date": "2024-09-20", "close": 8.373078, "volume": 8071841, "typical_volume": 20039135.25, "trend": 8.092004, "fair_value": 10.307585, "relative_strength": 1.604527, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.287358, "energy": 28.205767, "activity_lines": [ 8.256487, 8.051727, 7.937714, 8.006874 ] }, { "date": "2024-09-27", "close": 9.28171, "volume": 30246480, "typical_volume": 19367334.75, "trend": 8.137719, "fair_value": 10.295108, "relative_strength": -0.017224, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 44.657044, "energy": 59.386444, "activity_lines": [ 8.645994, 8.303266, 8.059087, 8.083629 ] }, { "date": "2024-10-04", "close": 9.955854, "volume": 16325837, "typical_volume": 16360869.65, "trend": 8.205587, "fair_value": 10.288008, "relative_strength": -0.611808, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 63.062229, "energy": 75.983523, "activity_lines": [ 9.130597, 8.645046, 8.240541, 8.200928 ] }, { "date": "2024-10-11", "close": 9.75068, "volume": 51528778, "typical_volume": 17233521.35, "trend": 8.256437, "fair_value": 10.27427, "relative_strength": 1.141599, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 78.276323, "energy": 83.901014, "activity_lines": [ 9.431519, 8.905645, 8.398121, 8.300612 ] }, { "date": "2024-10-18", "close": 9.985166, "volume": 29184236, "typical_volume": 17513286.65, "trend": 8.306835, "fair_value": 10.250082, "relative_strength": 2.296199, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.937922, "energy": 87.623735, "activity_lines": [ 9.715507, 9.171572, 8.57295, 8.412143 ] }, { "date": "2024-10-25", "close": 10.307583, "volume": 39267902, "typical_volume": 18550134.65, "trend": 8.368615, "fair_value": 10.223231, "relative_strength": 4.484953, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.610105, "energy": 90.165701, "activity_lines": [ 9.994936, 9.457751, 8.771285, 8.541223 ] }, { "date": "2024-11-01", "close": 10.034017, "volume": 32680484, "typical_volume": 19693198.3, "trend": 8.40601, "fair_value": 10.190401, "relative_strength": 2.840536, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.841777, "energy": 81.656454, "activity_lines": [ 10.054209, 9.648537, 8.932354, 8.648668 ] }, { "date": "2024-11-08", "close": 10.112179, "volume": 25519806, "typical_volume": 20374286.55, "trend": 8.455552, "fair_value": 10.159678, "relative_strength": -1.395016, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.310892, "energy": 76.805221, "activity_lines": [ 10.089382, 9.804505, 9.091144, 8.758744 ] }, { "date": "2024-11-15", "close": 10.092638, "volume": 28254271, "typical_volume": 21310297.8, "trend": 8.515257, "fair_value": 10.147795, "relative_strength": 2.456266, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.729326, "energy": 57.252195, "activity_lines": [ 10.107619, 9.922636, 9.23672, 8.864362 ] }, { "date": "2024-11-22", "close": 10.21965, "volume": 22555320, "typical_volume": 22147248.1, "trend": 8.590646, "fair_value": 10.140231, "relative_strength": 6.079293, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.688341, "energy": 53.487798, "activity_lines": [ 10.145397, 10.031707, 9.382808, 8.974323 ] }, { "date": "2024-11-29", "close": 10.366203, "volume": 17428799, "typical_volume": 22510322.2, "trend": 8.675055, "fair_value": 10.139394, "relative_strength": 6.028165, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.007575, "energy": 55.778548, "activity_lines": [ 10.216394, 10.132607, 9.529501, 9.088875 ] }, { "date": "2024-12-06", "close": 10.473677, "volume": 16045973, "typical_volume": 22803075.9, "trend": 8.743644, "fair_value": 10.13253, "relative_strength": 5.062155, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.069699, "energy": 55.659656, "activity_lines": [ 10.319307, 10.216808, 9.674193, 9.204915 ] }, { "date": "2024-12-13", "close": 10.981728, "volume": 26312146, "typical_volume": 23719516.75, "trend": 8.808176, "fair_value": 10.131204, "relative_strength": 10.840884, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.049759, "energy": 60.872069, "activity_lines": [ 10.56226, 10.371711, 9.853128, 9.349308 ] }, { "date": "2024-12-20", "close": 10.229422, "volume": 23598523, "typical_volume": 23908459.9, "trend": 8.859718, "fair_value": 10.116945, "relative_strength": 4.460139, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.195581, "energy": 47.739441, "activity_lines": [ 10.496474, 10.371178, 9.944038, 9.441001 ] }, { "date": "2024-12-27", "close": 10.053556, "volume": 12584840, "typical_volume": 23133063.45, "trend": 8.912395, "fair_value": 10.101348, "relative_strength": 2.199891, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.85036, "energy": 42.242497, "activity_lines": [ 10.362947, 10.329965, 10.006148, 9.518023 ] }, { "date": "2025-01-03", "close": 9.340331, "volume": 15928150, "typical_volume": 23429300.6, "trend": 8.958641, "fair_value": 10.083924, "relative_strength": 1.016245, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 31.37717, "energy": 20.946655, "activity_lines": [ 10.002752, 10.157832, 9.989958, 9.545632 ] }, { "date": "2025-01-10", "close": 9.144926, "volume": 11558520, "typical_volume": 23585312.55, "trend": 8.99707, "fair_value": 10.069218, "relative_strength": 0.83016, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.250525, "energy": 18.976911, "activity_lines": [ 9.645813, 9.967757, 9.947806, 9.55765 ] }, { "date": "2025-01-17", "close": 9.692059, "volume": 9567163, "typical_volume": 22657578.05, "trend": 9.062531, "fair_value": 10.056415, "relative_strength": 4.979036, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.849168, "energy": 19.773242, "activity_lines": [ 9.559835, 9.893325, 9.949155, 9.602488 ] }, { "date": "2025-01-24", "close": 9.682288, "volume": 8524332, "typical_volume": 21988852.8, "trend": 9.129945, "fair_value": 10.046336, "relative_strength": 4.910091, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.317267, "energy": 18.729269, "activity_lines": [ 9.556578, 9.824756, 9.942595, 9.642472 ] }, { "date": "2025-01-31", "close": 9.867923, "volume": 2301668, "typical_volume": 21374253.45, "trend": 9.21169, "fair_value": 10.038546, "relative_strength": 7.281634, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.012193, "energy": 13.333569, "activity_lines": [ 9.651675, 9.797399, 9.947248, 9.690084 ] }, { "date": "2025-02-07", "close": 9.799531, "volume": 6161713, "typical_volume": 21278747.05, "trend": 9.278453, "fair_value": 10.029726, "relative_strength": 4.817565, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.502142, "energy": 7.799579, "activity_lines": [ 9.73635, 9.764003, 9.937943, 9.728009 ] }, { "date": "2025-02-14", "close": 9.584587, "volume": 10365991, "typical_volume": 20284722.6, "trend": 9.347821, "fair_value": 10.022315, "relative_strength": 0.909222, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.546481, "energy": 9.444394, "activity_lines": [ 9.718764, 9.701829, 9.901374, 9.74776 ] }, { "date": "2025-02-21", "close": 9.682288, "volume": 10058753, "typical_volume": 19971368.4, "trend": 9.419144, "fair_value": 10.018235, "relative_strength": 0.823376, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.337913, "energy": 11.180456, "activity_lines": [ 9.704434, 9.673584, 9.872668, 9.769338 ] }, { "date": "2025-02-28", "close": 9.574817, "volume": 8801080, "typical_volume": 17834983.5, "trend": 9.481673, "fair_value": 10.016084, "relative_strength": 1.267094, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.05331, "energy": 10.311003, "activity_lines": [ 9.654932, 9.649425, 9.83503, 9.779381 ] }, { "date": "2025-03-07", "close": 9.711598, "volume": 8288752, "typical_volume": 16790209.3, "trend": 9.5429, "fair_value": 10.011473, "relative_strength": 0.950118, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.847972, "energy": 8.584122, "activity_lines": [ 9.658188, 9.662037, 9.811255, 9.794215 ] }, { "date": "2025-03-14", "close": 10.043786, "volume": 10228094, "typical_volume": 15338218.9, "trend": 9.617805, "fair_value": 10.007598, "relative_strength": 2.798259, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.265313, "energy": 11.130604, "activity_lines": [ 9.782596, 9.741265, 9.820421, 9.826531 ] }, { "date": "2025-03-21", "close": 10.082868, "volume": 10237467, "typical_volume": 14216068.05, "trend": 9.709319, "fair_value": 9.99561, "relative_strength": 4.724144, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.547603, "energy": 18.581236, "activity_lines": [ 9.903747, 9.814808, 9.834564, 9.856535 ] }, { "date": "2025-03-28", "close": 9.848382, "volume": 11098107, "typical_volume": 13494983.1, "trend": 9.763381, "fair_value": 9.983386, "relative_strength": 2.59201, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.447613, "energy": 21.951349, "activity_lines": [ 9.913517, 9.828664, 9.826143, 9.865506 ] }, { "date": "2025-04-04", "close": 9.955854, "volume": 6980894, "typical_volume": 12431314.25, "trend": 9.817769, "fair_value": 9.979581, "relative_strength": 3.947546, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.525343, "energy": 28.701156, "activity_lines": [ 9.948038, 9.859218, 9.829214, 9.877924 ] }, { "date": "2025-04-11", "close": 9.066765, "volume": 17415152, "typical_volume": 12174305.85, "trend": 9.843171, "fair_value": 9.974765, "relative_strength": -2.264133, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -61.240666, "energy": 35.952529, "activity_lines": [ 9.660794, 9.723146, 9.748261, 9.829472 ] }, { "date": "2025-04-18", "close": 8.949522, "volume": 12553581, "typical_volume": 11930544.95, "trend": 9.862386, "fair_value": 9.967001, "relative_strength": -4.676258, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -69.12092, "energy": 64.419799, "activity_lines": [ 9.377458, 9.580323, 9.661631, 9.771817 ] }, { "date": "2025-04-25", "close": 9.369641, "volume": 11614845, "typical_volume": 11708988.55, "trend": 9.865317, "fair_value": 9.95948, "relative_strength": -0.934162, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.711886, "energy": 61.661147, "activity_lines": [ 9.307112, 9.52934, 9.62176, 9.740027 ] }, { "date": "2025-05-02", "close": 9.438033, "volume": 9165856, "typical_volume": 10851674.05, "trend": 9.848057, "fair_value": 9.954383, "relative_strength": 0.038719, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.247775, "energy": 60.974014, "activity_lines": [ 9.307112, 9.4947, 9.593659, 9.712461 ] }, { "date": "2025-05-09", "close": 10.014476, "volume": 13634632, "typical_volume": 10353479.5, "trend": 9.85685, "fair_value": 9.950784, "relative_strength": 3.920467, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.946744, "energy": 23.528724, "activity_lines": [ 9.526616, 9.569309, 9.627808, 9.723197 ] }, { "date": "2025-05-16", "close": 12.222546, "volume": 18855834, "typical_volume": 10667029.2, "trend": 9.931429, "fair_value": 9.961002, "relative_strength": 25.238498, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 46.639132, "energy": 44.930239, "activity_lines": [ 10.478236, 10.037392, 9.873273, 9.875823 ] }, { "date": "2025-05-23", "close": 10.327123, "volume": 77202085, "typical_volume": 13730725.95, "trend": 9.93208, "fair_value": 9.965363, "relative_strength": 6.227798, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 26.458084, "energy": 33.112843, "activity_lines": [ 10.587662, 10.115198, 9.927893, 9.901351 ] }, { "date": "2025-05-30", "close": 10.561608, "volume": 23993671, "typical_volume": 14352483.5, "trend": 9.949667, "fair_value": 9.968524, "relative_strength": 8.374122, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 29.07445, "energy": 36.003459, "activity_lines": [ 10.68341, 10.230487, 10.000146, 9.941966 ] }, { "date": "2025-06-06", "close": 10.747243, "volume": 12173980, "typical_volume": 14482824.35, "trend": 9.970836, "fair_value": 9.97013, "relative_strength": 8.637553, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 56.571782, "energy": 61.324899, "activity_lines": [ 10.761572, 10.370823, 10.083333, 9.993423 ] }, { "date": "2025-06-13", "close": 10.65, "volume": 17223601, "typical_volume": 14917787.8, "trend": 9.989414, "fair_value": 9.971912, "relative_strength": 7.554261, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.772976, "energy": 33.984888, "activity_lines": [ 10.720039, 10.477135, 10.152233, 10.03724 ] }, { "date": "2025-06-20", "close": 11.82, "volume": 60935607, "typical_volume": 17849484.75, "trend": 10.042759, "fair_value": 9.980113, "relative_strength": 19.242295, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.931435, "energy": 49.91497, "activity_lines": [ 11.026138, 10.783554, 10.327954, 10.155342 ] }, { "date": "2025-06-27", "close": 10.6, "volume": 47659600, "typical_volume": 19924379.1, "trend": 10.050553, "fair_value": 9.980014, "relative_strength": 4.575153, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.918046, "energy": 34.213739, "activity_lines": [ 10.952406, 10.818096, 10.378189, 10.191293 ] }, { "date": "2025-07-04", "close": 10.88, "volume": 18332108, "typical_volume": 20322684.95, "trend": 10.064097, "fair_value": 9.97643, "relative_strength": 5.426555, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.995425, "energy": 32.346109, "activity_lines": [ 10.953816, 10.873538, 10.451279, 10.244806 ] }, { "date": "2025-07-11", "close": 11.16, "volume": 23614603, "typical_volume": 21000477.45, "trend": 10.070039, "fair_value": 9.97704, "relative_strength": 6.590417, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.726144, "energy": 36.374636, "activity_lines": [ 11.027333, 10.952429, 10.544867, 10.315509 ] }, { "date": "2025-07-18", "close": 10.99, "volume": 16018154, "typical_volume": 21361331.15, "trend": 10.095392, "fair_value": 9.979321, "relative_strength": 3.84762, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.276152, "energy": 28.279044, "activity_lines": [ 11.016667, 10.969102, 10.615228, 10.374862 ] }, { "date": "2025-07-25", "close": 11.24, "volume": 13828494, "typical_volume": 21638318.25, "trend": 10.13494, "fair_value": 9.983505, "relative_strength": 4.114299, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.475551, "energy": 32.00971, "activity_lines": [ 11.066667, 11.013492, 10.702659, 10.448707 ] }, { "date": "2025-08-01", "close": 11.36, "volume": 14189445, "typical_volume": 21836385.8, "trend": 10.202262, "fair_value": 9.984017, "relative_strength": 5.855363, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.352714, "energy": 35.9721, "activity_lines": [ 11.195333, 11.097565, 10.79424, 10.527743 ] }, { "date": "2025-08-08", "close": 16.9, "volume": 72274995, "typical_volume": 24938262.2, "trend": 10.460765, "fair_value": 10.020943, "relative_strength": 52.377016, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.978122, "energy": 86.542975, "activity_lines": [ 13.12, 12.170132, 11.407174, 10.959856 ] }, { "date": "2025-08-15", "close": 19.57, "volume": 179746304, "typical_volume": 33370672.05, "trend": 10.790029, "fair_value": 10.072463, "relative_strength": 70.725613, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 96.875377, "energy": 97.831972, "activity_lines": [ 15.533333, 13.612909, 12.24193, 11.547548 ] }, { "date": "2025-08-22", "close": 15.97, "volume": 123683536, "typical_volume": 39205804.15, "trend": 10.99962, "fair_value": 10.090105, "relative_strength": 33.296714, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.630783, "energy": 87.539071, "activity_lines": [ 16.186, 14.240727, 12.687535, 11.88174 ] }, { "date": "2025-08-29", "close": 15.06, "volume": 41136598, "typical_volume": 40391876.45, "trend": 11.172689, "fair_value": 10.107915, "relative_strength": 23.885312, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.512299, "energy": 87.486305, "activity_lines": [ 16.203333, 14.606364, 13.017836, 12.1437 ] }, { "date": "2025-09-05", "close": 14.77, "volume": 20951530, "typical_volume": 40811773.9, "trend": 11.338371, "fair_value": 10.122305, "relative_strength": 22.301801, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.015439, "energy": 72.184036, "activity_lines": [ 15.869333, 14.860364, 13.291978, 12.375784 ] }, { "date": "2025-09-12", "close": 14.86, "volume": 18903371, "typical_volume": 41176200.2, "trend": 11.514218, "fair_value": 10.137033, "relative_strength": 20.638029, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.805993, "energy": 46.915659, "activity_lines": [ 15.338, 15.054909, 13.546974, 12.602986 ] }, { "date": "2025-09-19", "close": 15.24, "volume": 34670651, "typical_volume": 42451439.95, "trend": 11.699475, "fair_value": 10.151976, "relative_strength": 24.65827, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.39055, "energy": 35.541393, "activity_lines": [ 15.069333, 15.246182, 13.812017, 12.843359 ] }, { "date": "2025-09-26", "close": 14.67, "volume": 58620237, "typical_volume": 44700720.2, "trend": 11.869315, "fair_value": 10.167465, "relative_strength": 19.153152, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.725009, "energy": 30.152514, "activity_lines": [ 14.899333, 15.259636, 13.995146, 13.035006 ] }, { "date": "2025-10-03", "close": 14.05, "volume": 11952798, "typical_volume": 44355568.4, "trend": 12.013928, "fair_value": 10.1734, "relative_strength": 12.085225, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.93962, "energy": 24.995144, "activity_lines": [ 14.609333, 15.093455, 14.097057, 13.175695 ] }, { "date": "2025-10-10", "close": 16.059999, "volume": 18597263, "typical_volume": 41425327.3, "trend": 12.214469, "fair_value": 10.19804, "relative_strength": 26.827584, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.84631, "energy": 32.234703, "activity_lines": [ 15.056666, 15.241636, 14.381696, 13.436732 ] }, { "date": "2025-10-17", "close": 16.75, "volume": 115689544, "typical_volume": 46010120.95, "trend": 12.436706, "fair_value": 10.226443, "relative_strength": 33.223991, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.481736, "energy": 39.545559, "activity_lines": [ 15.648, 15.429818, 14.704749, 13.729347 ] }, { "date": "2025-10-24", "close": 16.0, "volume": 80537025, "typical_volume": 49428273.2, "trend": 12.64176, "fair_value": 10.255378, "relative_strength": 23.027695, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.863821, "energy": 36.655509, "activity_lines": [ 15.863333, 15.484363, 14.926905, 13.959237 ] }, { "date": "2025-10-31", "close": 15.34, "volume": 35027872, "typical_volume": 50318486.75, "trend": 12.821232, "fair_value": 10.277383, "relative_strength": 17.262896, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.662187, "energy": 35.749683, "activity_lines": [ 15.808, 15.483818, 15.06119, 14.133317 ] }, { "date": "2025-11-07", "close": 15.43, "volume": 28948762, "typical_volume": 48719144.5, "trend": 13.03334, "fair_value": 10.304225, "relative_strength": 16.061024, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.083882, "energy": 34.489552, "activity_lines": [ 15.738, 15.511091, 15.181714, 14.301625 ] }, { "date": "2025-11-14", "close": 15.3, "volume": 35779357, "typical_volume": 48125132.35, "trend": 13.245022, "fair_value": 10.337135, "relative_strength": 14.753446, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.697684, "energy": 29.287165, "activity_lines": [ 15.532667, 15.508, 15.272667, 14.447861 ] }, { "date": "2025-11-21", "close": 13.57, "volume": 25625821, "typical_volume": 48489818.0, "trend": 13.385034, "fair_value": 10.355714, "relative_strength": 5.658003, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 14.17866, "energy": 13.010673, "activity_lines": [ 14.801333, 15.180727, 15.176476, 14.468827 ] }, { "date": "2025-11-28", "close": 13.83, "volume": 11913713, "typical_volume": 47904773.5, "trend": 13.531433, "fair_value": 10.37482, "relative_strength": 5.927426, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 0.319115, "energy": 14.232875, "activity_lines": [ 14.368667, 14.924182, 15.092238, 14.497535 ] }, { "date": "2025-12-05", "close": 13.5, "volume": 12083170, "typical_volume": 47708024.3, "trend": 13.647617, "fair_value": 10.391511, "relative_strength": 2.798279, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -7.277167, "energy": 25.361077, "activity_lines": [ 13.970667, 14.633273, 14.963857, 14.495507 ] }, { "date": "2025-12-12", "close": 13.26, "volume": 9834257, "typical_volume": 47508312.45, "trend": 13.682199, "fair_value": 10.404803, "relative_strength": 1.22094, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -28.582107, "energy": 45.337024, "activity_lines": [ 13.615333, 14.32, 14.800667, 14.470499 ] }, { "date": "2025-12-19", "close": 13.32, "volume": 10912633, "typical_volume": 47344471.85, "trend": 13.781962, "fair_value": 10.417819, "relative_strength": 1.426276, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.810465, "energy": 47.895125, "activity_lines": [ 13.424667, 14.032, 14.633571, 14.447131 ] }, { "date": "2025-12-26", "close": 13.25, "volume": 15886025, "typical_volume": 44525023.35, "trend": 13.871575, "fair_value": 10.432307, "relative_strength": -1.188116, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.936629, "energy": 47.357633, "activity_lines": [ 13.342667, 13.781091, 14.450476, 14.412811 ] }, { "date": "2026-01-02", "close": 13.18, "volume": 7656411, "typical_volume": 35920528.7, "trend": 13.952667, "fair_value": 10.448267, "relative_strength": -2.067541, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.432032, "energy": 43.13052, "activity_lines": [ 13.258667, 13.581091, 14.278095, 14.368194 ] }, { "date": "2026-01-09", "close": 13.66, "volume": 16367429, "typical_volume": 30554723.35, "trend": 14.053, "fair_value": 10.469704, "relative_strength": -2.472273, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.073161, "energy": 31.261277, "activity_lines": [ 13.378, 13.519636, 14.181857, 14.349312 ] }, { "date": "2026-01-16", "close": 13.99, "volume": 35889488, "typical_volume": 30292367.85, "trend": 14.125333, "fair_value": 10.492896, "relative_strength": 0.096255, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.99545, "energy": 21.452279, "activity_lines": [ 13.596667, 13.548727, 14.128048, 14.345247 ] }, { "date": "2026-01-23", "close": 14.2, "volume": 30900549, "typical_volume": 30789818.8, "trend": 14.245333, "fair_value": 10.516354, "relative_strength": 0.498589, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -13.321722, "energy": 12.870447, "activity_lines": [ 13.836667, 13.642182, 14.099333, 14.350064 ] }, { "date": "2026-01-30", "close": 13.78, "volume": 19121964, "typical_volume": 30800748.45, "trend": 14.342, "fair_value": 10.537779, "relative_strength": -2.213479, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -35.851769, "energy": 24.015178, "activity_lines": [ 13.878, 13.679273, 14.033333, 14.320043 ] }, { "date": "2026-02-06", "close": 13.38, "volume": 13309350, "typical_volume": 29732683.4, "trend": 14.416, "fair_value": 10.555021, "relative_strength": -4.004249, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.442199, "energy": 24.693656, "activity_lines": [ 13.750667, 13.639818, 13.934381, 14.257978 ] }, { "date": "2026-02-13", "close": 13.07, "volume": 9189858, "typical_volume": 27261164.45, "trend": 14.485333, "fair_value": 10.569675, "relative_strength": -6.783867, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.479115, "energy": 41.894747, "activity_lines": [ 13.506667, 13.552182, 13.814762, 14.17114 ] }, { "date": "2026-02-27", "close": 13.61, "volume": 9159633, "typical_volume": 27121506.2, "trend": 14.564333, "fair_value": 10.586951, "relative_strength": -5.031606, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.197304, "energy": 47.673747, "activity_lines": [ 13.482, 13.570545, 13.75419, 14.114667 ] }, { "date": "2026-03-06", "close": 13.91, "volume": 60679066, "typical_volume": 29225596.35, "trend": 14.649333, "fair_value": 10.60807, "relative_strength": -2.294975, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.360603, "energy": 31.835586, "activity_lines": [ 13.582667, 13.637091, 13.724286, 14.072452 ] }, { "date": "2026-03-13", "close": 13.27, "volume": 32176877, "typical_volume": 25049963.0, "trend": 14.528333, "fair_value": 10.624066, "relative_strength": -6.324325, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.100432, "energy": 32.957557, "activity_lines": [ 13.489333, 13.576545, 13.643667, 13.983462 ] }, { "date": "2026-03-20", "close": 14.31, "volume": 46636484, "typical_volume": 23354935.95, "trend": 14.353, "fair_value": 10.646729, "relative_strength": 4.156956, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -13.272864, "energy": 8.115243, "activity_lines": [ 13.776667, 13.704727, 13.678667, 13.969376 ] }, { "date": "2026-03-27", "close": 13.61, "volume": 52699808, "typical_volume": 24238532.75, "trend": 14.274333, "fair_value": 10.665265, "relative_strength": -0.107467, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.547452, "energy": 11.198988, "activity_lines": [ 13.768667, 13.685091, 13.655048, 13.921441 ] }, { "date": "2026-04-03", "close": 11.45, "volume": 31295787, "typical_volume": 24355884.0, "trend": 14.154, "fair_value": 10.671575, "relative_strength": -15.238518, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -75.182538, "energy": 43.592038, "activity_lines": [ 13.004667, 13.273636, 13.433952, 13.739226 ] }, { "date": "2026-04-10", "close": 12.01, "volume": 15183275, "typical_volume": 23326079.9, "trend": 14.062, "fair_value": 10.681174, "relative_strength": -13.476203, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.399328, "energy": 57.923503, "activity_lines": [ 12.571333, 13.010182, 13.285143, 13.600903 ] }, { "date": "2026-04-17", "close": 12.16, "volume": 12784220, "typical_volume": 22683999.85, "trend": 13.972, "fair_value": 10.692876, "relative_strength": -13.901194, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.598097, "energy": 68.528967, "activity_lines": [ 12.314667, 12.813818, 13.166286, 13.478194 ] }, { "date": "2026-04-24", "close": 12.364793, "volume": 18355472, "typical_volume": 23006087.8, "trend": 13.87616, "fair_value": 10.70595, "relative_strength": -13.205554, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.897832, "energy": 69.492114, "activity_lines": [ 12.200264, 12.684144, 13.073647, 13.374503 ] }, { "date": "2026-05-01", "close": 11.8945, "volume": 19429551, "typical_volume": 23373406.85, "trend": 13.783643, "fair_value": 10.717749, "relative_strength": -17.184099, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.752466, "energy": 63.177278, "activity_lines": [ 12.058778, 12.487421, 12.943196, 13.246654 ] }, { "date": "2026-05-08", "close": 12.776299, "volume": 18082051, "typical_volume": 23785796.55, "trend": 13.741186, "fair_value": 10.737662, "relative_strength": -12.573105, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.132769, "energy": 36.304897, "activity_lines": [ 12.325592, 12.472397, 12.90437, 13.181664 ] }, { "date": "2026-05-15", "close": 13.148615, "volume": 43888573, "typical_volume": 25434593.55, "trend": 13.64414, "fair_value": 10.760021, "relative_strength": -9.147241, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.809274, "energy": 21.621501, "activity_lines": [ 12.62809, 12.540225, 12.903307, 13.143433 ] }, { "date": "2026-05-22", "close": 12.893872, "volume": 23756077, "typical_volume": 25828096.15, "trend": 13.515603, "fair_value": 10.780627, "relative_strength": -10.17612, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.096943, "energy": 15.627432, "activity_lines": [ 12.769767, 12.57558, 12.878799, 13.095029 ] }, { "date": "2026-05-29", "close": 11.159667, "volume": 17178169, "typical_volume": 26304184.05, "trend": 13.354258, "fair_value": 10.790176, "relative_strength": -21.262145, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.376853, "energy": 30.281639, "activity_lines": [ 12.284451, 12.302464, 12.690824, 12.943033 ] }, { "date": "2026-06-05", "close": 10.895126, "volume": 2463168, "typical_volume": 25608971.0, "trend": 13.206096, "fair_value": 10.79671, "relative_strength": -22.15591, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.741813, "energy": 48.761536, "activity_lines": [ 11.791296, 12.038527, 12.487275, 12.784379 ] }, { "date": "2026-06-12", "close": 9.993731, "volume": 7923500, "typical_volume": 24210671.6, "trend": 13.024887, "fair_value": 10.796608, "relative_strength": -28.387414, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.774808, "energy": 78.80913, "activity_lines": [ 11.064301, 11.660063, 12.211045, 12.57713 ] }, { "date": "2026-06-19", "close": 9.494044, "volume": 14792029, "typical_volume": 23405245.6, "trend": 12.831355, "fair_value": 10.795078, "relative_strength": -32.637169, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.763371, "energy": 90.22324, "activity_lines": [ 10.356249, 11.217223, 11.906256, 12.349334 ] }, { "date": "2026-06-26", "close": 8.94, "volume": 3346600, "typical_volume": 22616477.4, "trend": 12.677022, "fair_value": 10.790241, "relative_strength": -35.10238, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.060125, "energy": 93.778614, "activity_lines": [ 9.707153, 10.719393, 11.57111, 12.098279 ] }, { "date": "2026-07-03", "close": 9.49, "volume": 3263040, "typical_volume": 22114161.9, "trend": 12.532355, "fair_value": 10.788684, "relative_strength": -31.098805, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.008124, "energy": 88.90757, "activity_lines": [ 9.504981, 10.380109, 11.311393, 11.892664 ] }, { "date": "2026-07-10", "close": 9.07, "volume": 10234668, "typical_volume": 22166402.4, "trend": 12.384688, "fair_value": 10.785415, "relative_strength": -33.039232, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.271316, "energy": 90.376226, "activity_lines": [ 9.274121, 10.01673, 11.030199, 11.669287 ] }, { "date": "2026-07-17", "close": 9.47, "volume": 16239230, "typical_volume": 22520382.25, "trend": 12.258355, "fair_value": 10.783302, "relative_strength": -25.496509, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.456854, "energy": 82.490568, "activity_lines": [ 9.29827, 9.777432, 10.806148, 11.481242 ] }, { "date": "2026-07-24", "close": 9.59, "volume": 16305440, "typical_volume": 20301700.95, "trend": 12.134022, "fair_value": 10.78153, "relative_strength": -25.289127, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.650957, "energy": 62.394957, "activity_lines": [ 9.397333, 9.620068, 10.613241, 11.30909 ] }, { "date": "2026-07-31", "close": 9.88, "volume": 13062568, "typical_volume": 19345985.5, "trend": 12.021688, "fair_value": 10.781495, "relative_strength": -23.151332, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.440341, "energy": 51.627058, "activity_lines": [ 9.586667, 9.580133, 10.468523, 11.16367 ] }, { "date": "2026-08-07", "close": 9.95, "volume": 12908204, "typical_volume": 17659571.5, "trend": 11.914022, "fair_value": 10.780013, "relative_strength": -24.435504, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.06431, "energy": 43.816905, "activity_lines": [ 9.736667, 9.607722, 10.346615, 11.030012 ] } ], "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." } } }