{ "ticker": { "uuid": "0c8f39f9-81c4-4cb4-b9f5-2becec87d414", "symbol": "300498", "name": "Wens Foodstuff Group Co., Ltd.", "exchange": "SHZ", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "399001.SZ", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -31.395, "architecture_energy": 24.823, "architecture_maturity": 88.719, "architecture_confidence": 70.32, "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": 43.66, "rotation_up": 32.33, "upward_expansion": 19.93, "deceleration": 46.9, "rotation_down": 19.7, "downward_expansion": 53.93 }, "activity_lines": [ 13.786, 13.439672, 13.721182, 14.323812 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 13.56, "trend_reference": 15.008047, "distance_from_trend": -0.096485, "trend_direction": "Weakening", "fair_value": 17.053595, "distance_from_fair_value": -0.20486, "fair_value_direction": "Weakening", "relative_strength": -19.559423, "relative_strength_direction": "Improving", "price_momentum": -0.130769, "excess_performance": -0.138169, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.096485, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.086156, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.20486, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.113815, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.195594, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.056344, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.130769, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.698366, "read": "Supply-led" } ], "volume": { "latest": 233958463, "relative_activity": 1.10132, "balance": 0.698366, "dry_up": 1.339326, "accumulation_observations": 3, "distribution_observations": 5 }, "risk": { "range_context": 0.072165, "annualized_volatility": 0.301728, "from_high_reference": -0.317768, "from_low_reference": 0.153061 }, "levels": { "trend_reference": 15.008047, "fair_value_reference": 17.053595, "structural_low": 11.76, "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": 21, "median_return": 0.032505, "positive_rate": 0.761905, "directional_follow_through": 0.238095, "median_excess_return": 0.008607, "regime_survival": 0.666667, "best_return": 0.179975, "worst_return": -0.142573, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.05483, "positive_rate": 0.875, "directional_follow_through": 0.125, "median_excess_return": 0.073539, "regime_survival": 0.375, "best_return": 0.150889, "worst_return": -0.039564, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.113953, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.013836, "regime_survival": 0.333333, "best_return": 0.435651, "worst_return": -0.099105, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.260855, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.261336, "regime_survival": 0.0, "best_return": 0.723372, "worst_return": 0.063078, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-04-26", "end": "2024-05-17", "tenure": "New", "return": 0.1114, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2024-06-28", "tenure": "Developing", "return": -0.092955, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-07-05", "end": "2024-08-23", "tenure": "Developing", "return": -0.119636, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-08-30", "end": "2024-09-06", "tenure": "New", "return": -0.022301, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-13", "end": "2024-11-01", "tenure": "Developing", "return": 0.176806, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-08", "end": "2024-12-06", "tenure": "Developing", "return": -0.097152, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-13", "end": "2025-03-28", "tenure": "Established", "return": -0.027523, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-04", "end": "2025-06-13", "tenure": "Developing", "return": 0.047958, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-20", "end": "2025-10-17", "tenure": "Established", "return": 0.092941, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-24", "end": "2025-12-12", "tenure": "Developing", "return": -0.045896, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-12-19", "end": "2026-01-16", "tenure": "Developing", "return": -0.063343, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-23", "end": "2026-04-03", "tenure": "Developing", "return": 0.042839, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-10", "end": "2026-05-08", "tenure": "Developing", "return": -0.042429, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-15", "end": "2026-08-07", "tenure": "Established", "return": -0.085994, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 17.753532, "volume": 159985675, "typical_volume": 145440591.45, "trend": 18.132897, "fair_value": 17.534594, "relative_strength": -2.746247, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.23601, "energy": 22.60424, "activity_lines": [ 17.890295, 17.442224, 17.544088, 17.802973 ] }, { "date": "2023-08-04", "close": 17.207125, "volume": 165439045, "typical_volume": 140112242.5, "trend": 18.086607, "fair_value": 17.504192, "relative_strength": -6.632574, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.402272, "energy": 19.592689, "activity_lines": [ 17.685791, 17.469107, 17.47873, 17.743246 ] }, { "date": "2023-08-11", "close": 16.622368, "volume": 108319314, "typical_volume": 139299641.4, "trend": 18.043561, "fair_value": 17.47338, "relative_strength": -5.884231, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.665903, "energy": 19.471841, "activity_lines": [ 17.311932, 17.374271, 17.361317, 17.648779 ] }, { "date": "2023-08-18", "close": 16.392302, "volume": 80260266, "typical_volume": 130565506.0, "trend": 17.948638, "fair_value": 17.439278, "relative_strength": -3.839308, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.146021, "energy": 40.046631, "activity_lines": [ 16.931043, 17.225947, 17.230442, 17.542246 ] }, { "date": "2023-08-25", "close": 16.488163, "volume": 87277845, "typical_volume": 121488046.45, "trend": 17.845858, "fair_value": 17.410652, "relative_strength": -0.083321, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.420721, "energy": 54.806821, "activity_lines": [ 16.669661, 17.089301, 17.12298, 17.448022 ] }, { "date": "2023-09-01", "close": 16.181406, "volume": 110569937, "typical_volume": 118671482.05, "trend": 17.742326, "fair_value": 17.375081, "relative_strength": -4.718259, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.254468, "energy": 64.080062, "activity_lines": [ 16.432563, 16.896358, 17.004323, 17.340638 ] }, { "date": "2023-09-08", "close": 15.85548, "volume": 78467283, "typical_volume": 115019263.7, "trend": 17.641824, "fair_value": 17.337303, "relative_strength": -4.504858, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.775499, "energy": 69.211364, "activity_lines": [ 16.191632, 16.651999, 16.870544, 17.218906 ] }, { "date": "2023-09-15", "close": 16.095131, "volume": 138444164, "typical_volume": 115315018.15, "trend": 17.569836, "fair_value": 17.294266, "relative_strength": -1.340337, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.82611, "energy": 60.471443, "activity_lines": [ 16.120695, 16.48276, 16.778592, 17.119119 ] }, { "date": "2023-09-22", "close": 16.708645, "volume": 126765540, "typical_volume": 119155185.55, "trend": 17.496509, "fair_value": 17.262543, "relative_strength": 2.275482, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.991713, "energy": 39.03293, "activity_lines": [ 16.289411, 16.453653, 16.757656, 17.063559 ] }, { "date": "2023-09-29", "close": 16.660713, "volume": 80362054, "typical_volume": 118257038.1, "trend": 17.436427, "fair_value": 17.242755, "relative_strength": 2.875676, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.104034, "energy": 32.571194, "activity_lines": [ 16.42106, 16.433958, 16.739291, 17.009636 ] }, { "date": "2023-10-13", "close": 16.814093, "volume": 98734722, "typical_volume": 116484491.5, "trend": 17.42977, "fair_value": 17.226411, "relative_strength": 4.36552, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.464534, "energy": 19.055327, "activity_lines": [ 16.592333, 16.473523, 16.741049, 16.969486 ] }, { "date": "2023-10-20", "close": 16.392302, "volume": 103227236, "typical_volume": 116925584.25, "trend": 17.37716, "fair_value": 17.213338, "relative_strength": 7.14337, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.122205, "energy": 18.185851, "activity_lines": [ 16.580829, 16.453479, 16.704039, 16.902552 ] }, { "date": "2023-10-27", "close": 17.791878, "volume": 147384496, "typical_volume": 118975507.7, "trend": 17.356993, "fair_value": 17.213045, "relative_strength": 13.956115, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.437794, "energy": 12.062438, "activity_lines": [ 17.000063, 16.702719, 16.800169, 16.929308 ] }, { "date": "2023-11-03", "close": 17.801462, "volume": 137459311, "typical_volume": 115704076.85, "trend": 17.30399, "fair_value": 17.211992, "relative_strength": 13.052697, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.105649, "energy": 23.687715, "activity_lines": [ 17.309375, 16.932437, 16.88859, 16.957984 ] }, { "date": "2023-11-10", "close": 17.849396, "volume": 108562887, "typical_volume": 114310556.65, "trend": 17.223217, "fair_value": 17.209607, "relative_strength": 11.723783, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.8022, "energy": 36.031496, "activity_lines": [ 17.561811, 17.145249, 16.973359, 16.993171 ] }, { "date": "2023-11-17", "close": 17.504293, "volume": 73452942, "typical_volume": 113562472.2, "trend": 17.155887, "fair_value": 17.209286, "relative_strength": 9.329562, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 27.997318, "energy": 43.589317, "activity_lines": [ 17.619966, 17.270566, 17.018642, 17.011305 ] }, { "date": "2023-11-24", "close": 18.539597, "volume": 139599858, "typical_volume": 113457862.95, "trend": 17.112331, "fair_value": 17.217417, "relative_strength": 16.984938, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.591259, "energy": 59.634799, "activity_lines": [ 17.97721, 17.560068, 17.15828, 17.100577 ] }, { "date": "2023-12-01", "close": 18.328703, "volume": 102623917, "typical_volume": 112105329.95, "trend": 17.098691, "fair_value": 17.22425, "relative_strength": 16.492674, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 67.399252, "energy": 67.162852, "activity_lines": [ 18.121002, 17.762423, 17.273314, 17.179052 ] }, { "date": "2023-12-08", "close": 18.846354, "volume": 196786935, "typical_volume": 117566980.9, "trend": 17.119989, "fair_value": 17.23464, "relative_strength": 21.198301, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.871936, "energy": 72.271525, "activity_lines": [ 18.401557, 18.018285, 17.434498, 17.291805 ] }, { "date": "2023-12-15", "close": 18.616285, "volume": 124501390, "typical_volume": 118411240.85, "trend": 17.146564, "fair_value": 17.237721, "relative_strength": 21.266494, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.470728, "energy": 68.608812, "activity_lines": [ 18.535762, 18.19345, 17.568338, 17.38834 ] }, { "date": "2023-12-22", "close": 18.328703, "volume": 92734254, "typical_volume": 115048669.8, "trend": 17.187237, "fair_value": 17.238482, "relative_strength": 20.822756, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.22491, "energy": 53.147428, "activity_lines": [ 18.522981, 18.280771, 17.673695, 17.464607 ] }, { "date": "2023-12-29", "close": 19.229797, "volume": 139460282, "typical_volume": 113749731.65, "trend": 17.282892, "fair_value": 17.246092, "relative_strength": 22.099961, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.508298, "energy": 57.495792, "activity_lines": [ 18.755604, 18.504389, 17.862131, 17.596385 ] }, { "date": "2024-01-05", "close": 19.009317, "volume": 79095906, "typical_volume": 112288561.25, "trend": 17.383828, "fair_value": 17.25705, "relative_strength": 25.486957, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.639159, "energy": 47.490405, "activity_lines": [ 18.86872, 18.636329, 18.019937, 17.707767 ] }, { "date": "2024-01-12", "close": 19.191456, "volume": 118698973, "typical_volume": 114210496.6, "trend": 17.487678, "fair_value": 17.268044, "relative_strength": 27.723679, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.768905, "energy": 47.788242, "activity_lines": [ 18.997175, 18.77925, 18.183723, 17.824388 ] }, { "date": "2024-01-19", "close": 18.271185, "volume": 113241234, "typical_volume": 115508666.05, "trend": 17.548071, "fair_value": 17.276056, "relative_strength": 23.777067, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.086959, "energy": 39.930865, "activity_lines": [ 18.795866, 18.729577, 18.246535, 17.874937 ] }, { "date": "2024-01-26", "close": 18.347876, "volume": 127152530, "typical_volume": 116337795.7, "trend": 17.605907, "fair_value": 17.285155, "relative_strength": 24.028279, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.916108, "energy": 28.519859, "activity_lines": [ 18.643128, 18.686178, 18.30816, 17.926538 ] }, { "date": "2024-02-02", "close": 18.539597, "volume": 125575936, "typical_volume": 118693228.35, "trend": 17.637541, "fair_value": 17.290185, "relative_strength": 35.287191, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.312883, "energy": 22.392723, "activity_lines": [ 18.553018, 18.6623, 18.377728, 17.986776 ] }, { "date": "2024-02-09", "close": 18.875113, "volume": 209207123, "typical_volume": 122231376.3, "trend": 17.677803, "fair_value": 17.301057, "relative_strength": 25.029507, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.76511, "energy": 20.545245, "activity_lines": [ 18.62076, 18.699425, 18.466469, 18.066619 ] }, { "date": "2024-02-23", "close": 18.68339, "volume": 133197102, "typical_volume": 122552954.4, "trend": 17.710396, "fair_value": 17.3132, "relative_strength": 19.712525, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.330587, "energy": 19.869586, "activity_lines": [ 18.633542, 18.691756, 18.523712, 18.131496 ] }, { "date": "2024-03-01", "close": 18.069876, "volume": 176810414, "typical_volume": 127375372.4, "trend": 17.699851, "fair_value": 17.328076, "relative_strength": 10.85581, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.826107, "energy": 14.741055, "activity_lines": [ 18.47569, 18.575502, 18.513121, 18.154688 ] }, { "date": "2024-03-08", "close": 18.290358, "volume": 147664722, "typical_volume": 129821872.4, "trend": 17.717745, "fair_value": 17.344485, "relative_strength": 12.559168, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.845236, "energy": 9.887054, "activity_lines": [ 18.404752, 18.50927, 18.516819, 18.192785 ] }, { "date": "2024-03-15", "close": 17.159193, "volume": 162855770, "typical_volume": 132803299.1, "trend": 17.716148, "fair_value": 17.350131, "relative_strength": 2.662215, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.821582, "energy": 12.998882, "activity_lines": [ 17.960595, 18.23807, 18.405757, 18.156749 ] }, { "date": "2024-03-22", "close": 18.290358, "volume": 258029256, "typical_volume": 138335537.1, "trend": 17.771747, "fair_value": 17.355409, "relative_strength": 9.454994, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.894377, "energy": 14.315436, "activity_lines": [ 17.985519, 18.210183, 18.398772, 18.193795 ] }, { "date": "2024-03-29", "close": 18.213669, "volume": 120277942, "typical_volume": 137476468.65, "trend": 17.83246, "fair_value": 17.364005, "relative_strength": 10.487314, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.382125, "energy": 11.967299, "activity_lines": [ 18.023863, 18.181425, 18.382111, 18.222306 ] }, { "date": "2024-04-05", "close": 18.836765, "volume": 101908264, "typical_volume": 137143737.5, "trend": 17.910746, "fair_value": 17.374035, "relative_strength": 12.062106, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.466464, "energy": 14.767511, "activity_lines": [ 18.301221, 18.283734, 18.422829, 18.2871 ] }, { "date": "2024-04-12", "close": 17.370089, "volume": 163295954, "typical_volume": 141635888.1, "trend": 17.950369, "fair_value": 17.381926, "relative_strength": 6.615097, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.245465, "energy": 2.493897, "activity_lines": [ 18.038561, 18.109092, 18.319162, 18.252219 ] }, { "date": "2024-04-19", "close": 17.533052, "volume": 137976252, "typical_volume": 141554707.8, "trend": 18.006288, "fair_value": 17.392588, "relative_strength": 6.793791, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.01717, "energy": 11.247136, "activity_lines": [ 17.891574, 17.981858, 18.231654, 18.225295 ] }, { "date": "2024-04-26", "close": 18.414976, "volume": 137069655, "typical_volume": 143276994.7, "trend": 18.083616, "fair_value": 17.407653, "relative_strength": 9.632455, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.832223, "energy": 7.121037, "activity_lines": [ 18.013637, 18.033274, 18.232932, 18.251662 ] }, { "date": "2024-05-03", "close": 18.386219, "volume": 66062474, "typical_volume": 136740771.65, "trend": 18.139536, "fair_value": 17.424379, "relative_strength": 7.838837, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.438885, "energy": 7.033405, "activity_lines": [ 18.117807, 18.087828, 18.23106, 18.271185 ] }, { "date": "2024-05-10", "close": 19.958345, "volume": 270057805, "typical_volume": 144018592.4, "trend": 18.249457, "fair_value": 17.45654, "relative_strength": 14.831318, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 56.552799, "energy": 32.134847, "activity_lines": [ 18.734515, 18.433626, 18.381106, 18.388528 ] }, { "date": "2024-05-17", "close": 20.46641, "volume": 232789754, "typical_volume": 151021367.4, "trend": 18.3712, "fair_value": 17.494339, "relative_strength": 17.413009, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 72.476557, "energy": 63.889402, "activity_lines": [ 19.445806, 18.837464, 18.573148, 18.531557 ] }, { "date": "2024-05-24", "close": 21.051165, "volume": 198393967, "typical_volume": 153968051.65, "trend": 18.526496, "fair_value": 17.539636, "relative_strength": 23.60394, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.235459, "energy": 77.590871, "activity_lines": [ 20.145594, 19.308056, 18.810702, 18.704458 ] }, { "date": "2024-05-31", "close": 20.523928, "volume": 187383626, "typical_volume": 159382437.65, "trend": 18.617564, "fair_value": 17.585542, "relative_strength": 20.450779, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.86147, "energy": 76.934979, "activity_lines": [ 20.435096, 19.612024, 18.989369, 18.833324 ] }, { "date": "2024-06-07", "close": 20.667721, "volume": 144310330, "typical_volume": 160663005.5, "trend": 18.713106, "fair_value": 17.63368, "relative_strength": 21.775311, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.026334, "energy": 76.852087, "activity_lines": [ 20.631932, 19.901526, 19.174519, 18.965593 ] }, { "date": "2024-06-14", "close": 19.977518, "volume": 183704629, "typical_volume": 164186175.25, "trend": 18.784044, "fair_value": 17.677631, "relative_strength": 16.886645, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.525466, "energy": 63.645732, "activity_lines": [ 20.4466, 20.020917, 19.286905, 19.047168 ] }, { "date": "2024-06-21", "close": 19.441174, "volume": 160899789, "typical_volume": 165873538.2, "trend": 18.848606, "fair_value": 17.720227, "relative_strength": 15.313534, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.450041, "energy": 37.332745, "activity_lines": [ 20.081208, 20.02205, 19.340085, 19.089563 ] }, { "date": "2024-06-28", "close": 19.094353, "volume": 139555188, "typical_volume": 166572500.8, "trend": 18.867098, "fair_value": 17.758874, "relative_strength": 15.186571, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.051154, "energy": 20.984964, "activity_lines": [ 19.668559, 19.922469, 19.355029, 19.105418 ] }, { "date": "2024-07-05", "close": 19.084717, "volume": 113544892, "typical_volume": 161789389.25, "trend": 18.892299, "fair_value": 17.794959, "relative_strength": 16.329161, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.312741, "energy": 21.54717, "activity_lines": [ 19.383152, 19.792748, 19.366413, 19.119458 ] }, { "date": "2024-07-12", "close": 18.564489, "volume": 155141524, "typical_volume": 162886610.35, "trend": 18.882903, "fair_value": 17.829019, "relative_strength": 10.566979, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.514161, "energy": 19.294275, "activity_lines": [ 19.020283, 19.556263, 19.327253, 19.098309 ] }, { "date": "2024-07-19", "close": 19.942133, "volume": 178381257, "typical_volume": 162965152.5, "trend": 18.927098, "fair_value": 17.874648, "relative_strength": 17.381471, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.513686, "energy": 21.007245, "activity_lines": [ 19.256843, 19.567018, 19.419864, 19.166646 ] }, { "date": "2024-07-26", "close": 18.863138, "volume": 123682593, "typical_volume": 161766046.05, "trend": 18.944913, "fair_value": 17.910919, "relative_strength": 14.296372, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.928935, "energy": 10.034482, "activity_lines": [ 19.136098, 19.381886, 19.400798, 19.16252 ] }, { "date": "2024-08-02", "close": 19.508608, "volume": 138247035, "typical_volume": 160535609.3, "trend": 18.954206, "fair_value": 17.952519, "relative_strength": 18.123988, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.266249, "energy": 9.708495, "activity_lines": [ 19.269046, 19.343264, 19.440478, 19.198887 ] }, { "date": "2024-08-09", "close": 19.055815, "volume": 124097915, "typical_volume": 153839042.25, "trend": 18.955756, "fair_value": 17.990326, "relative_strength": 16.799227, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.132929, "energy": 6.350962, "activity_lines": [ 19.223445, 19.250361, 19.425847, 19.205442 ] }, { "date": "2024-08-16", "close": 18.81497, "volume": 117485174, "typical_volume": 153699403.85, "trend": 18.943207, "fair_value": 18.029305, "relative_strength": 15.105923, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.350336, "energy": 7.891807, "activity_lines": [ 19.09949, 19.140362, 19.384633, 19.19636 ] }, { "date": "2024-08-23", "close": 16.801489, "volume": 208066306, "typical_volume": 159007305.95, "trend": 18.894217, "fair_value": 18.059121, "relative_strength": 4.369127, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -39.294302, "energy": 47.238903, "activity_lines": [ 18.287675, 18.697961, 19.148796, 19.058184 ] }, { "date": "2024-08-30", "close": 16.416134, "volume": 177909076, "typical_volume": 159737962.05, "trend": 18.829825, "fair_value": 18.088398, "relative_strength": -0.447407, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -54.034809, "energy": 66.76374, "activity_lines": [ 17.556785, 18.243242, 18.88595, 18.898308 ] }, { "date": "2024-09-06", "close": 16.050045, "volume": 113236352, "typical_volume": 158500967.05, "trend": 18.74684, "fair_value": 18.112431, "relative_strength": -0.397225, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -79.655615, "energy": 83.419709, "activity_lines": [ 16.866999, 17.776962, 18.592781, 18.718967 ] }, { "date": "2024-09-13", "close": 15.202263, "volume": 107459809, "typical_volume": 157020474.75, "trend": 18.624412, "fair_value": 18.128614, "relative_strength": -4.25106, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.344635, "energy": 92.613597, "activity_lines": [ 16.12519, 17.211891, 18.225933, 18.490285 ] }, { "date": "2024-09-20", "close": 15.134827, "volume": 107801614, "typical_volume": 159107431.75, "trend": 18.506127, "fair_value": 18.147143, "relative_strength": -6.058727, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.380369, "energy": 91.57865, "activity_lines": [ 15.617805, 16.705149, 17.867961, 18.26515 ] }, { "date": "2024-09-27", "close": 17.649269, "volume": 247624160, "typical_volume": 157985749.5, "trend": 18.492106, "fair_value": 18.18034, "relative_strength": -7.267603, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.213643, "energy": 72.13574, "activity_lines": [ 16.193911, 16.717936, 17.764943, 18.209869 ] }, { "date": "2024-10-04", "close": 19.402636, "volume": 110216406, "typical_volume": 151857082.1, "trend": 18.529182, "fair_value": 18.224113, "relative_strength": -8.058726, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.469028, "energy": 25.195113, "activity_lines": [ 17.297954, 17.091205, 17.839908, 18.268613 ] }, { "date": "2024-10-11", "close": 17.938286, "volume": 548519649, "typical_volume": 169363366.2, "trend": 18.555152, "fair_value": 18.256687, "relative_strength": -11.150062, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.553316, "energy": 21.368852, "activity_lines": [ 17.71478, 17.18842, 17.780476, 18.230491 ] }, { "date": "2024-10-18", "close": 17.610735, "volume": 265233811, "typical_volume": 173255875.45, "trend": 18.532498, "fair_value": 18.286981, "relative_strength": -15.297693, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.902685, "energy": 25.578145, "activity_lines": [ 17.896539, 17.254631, 17.704672, 18.169561 ] }, { "date": "2024-10-25", "close": 18.111694, "volume": 410070722, "typical_volume": 186543895.05, "trend": 18.529099, "fair_value": 18.319822, "relative_strength": -15.032748, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -23.575227, "energy": 22.724381, "activity_lines": [ 18.084721, 17.4382, 17.690451, 18.142412 ] }, { "date": "2024-11-01", "close": 17.890116, "volume": 276686056, "typical_volume": 191192966.4, "trend": 18.497544, "fair_value": 18.347137, "relative_strength": -14.663169, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.681191, "energy": 15.61002, "activity_lines": [ 18.000585, 17.594269, 17.667299, 18.101187 ] }, { "date": "2024-11-08", "close": 18.593388, "volume": 375332272, "typical_volume": 201914590.55, "trend": 18.53832, "fair_value": 18.373768, "relative_strength": -16.807747, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.624695, "energy": 8.441641, "activity_lines": [ 18.134816, 17.858412, 17.721065, 18.107371 ] }, { "date": "2024-11-15", "close": 17.36989, "volume": 298616971, "typical_volume": 209867679.7, "trend": 18.532882, "fair_value": 18.397627, "relative_strength": -19.163713, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.822374, "energy": 11.268587, "activity_lines": [ 17.915165, 17.860514, 17.662344, 18.031988 ] }, { "date": "2024-11-22", "close": 16.767576, "volume": 214695487, "typical_volume": 214925209.45, "trend": 18.477968, "fair_value": 18.41032, "relative_strength": -19.533204, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.263233, "energy": 19.959681, "activity_lines": [ 17.532635, 17.729108, 17.554472, 17.918097 ] }, { "date": "2024-11-29", "close": 16.845293, "volume": 153901827, "typical_volume": 214863224.6, "trend": 18.426604, "fair_value": 18.418802, "relative_strength": -20.250147, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.416995, "energy": 26.557663, "activity_lines": [ 17.232222, 17.583372, 17.465036, 17.812763 ] }, { "date": "2024-12-06", "close": 16.787006, "volume": 185419165, "typical_volume": 215215120.0, "trend": 18.320893, "fair_value": 18.425159, "relative_strength": -21.598994, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.502593, "energy": 38.582811, "activity_lines": [ 16.996807, 17.395939, 17.378235, 17.706983 ] }, { "date": "2024-12-13", "close": 16.942442, "volume": 251471971, "typical_volume": 221604588.9, "trend": 18.203427, "fair_value": 18.427743, "relative_strength": -19.991632, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.931751, "energy": 42.9992, "activity_lines": [ 16.886744, 17.252444, 17.321262, 17.618051 ] }, { "date": "2024-12-20", "close": 16.359558, "volume": 142753407, "typical_volume": 221829907.5, "trend": 18.04704, "fair_value": 18.429066, "relative_strength": -21.922519, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.457075, "energy": 46.542054, "activity_lines": [ 16.692449, 17.047702, 17.217922, 17.499091 ] }, { "date": "2024-12-27", "close": 16.476133, "volume": 139742272, "typical_volume": 222612125.35, "trend": 17.912114, "fair_value": 18.437837, "relative_strength": -21.12401, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.743397, "energy": 44.609564, "activity_lines": [ 16.604369, 16.892859, 17.14068, 17.397742 ] }, { "date": "2025-01-03", "close": 15.601811, "volume": 146910032, "typical_volume": 224083368.25, "trend": 17.74325, "fair_value": 18.43219, "relative_strength": -19.201667, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.287145, "energy": 56.692206, "activity_lines": [ 16.244277, 16.599677, 16.992454, 17.248691 ] }, { "date": "2025-01-10", "close": 15.242368, "volume": 189940096, "typical_volume": 223177057.75, "trend": 17.585412, "fair_value": 18.425626, "relative_strength": -19.829657, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.023871, "energy": 76.976346, "activity_lines": [ 15.847269, 16.286776, 16.825296, 17.087343 ] }, { "date": "2025-01-17", "close": 15.51438, "volume": 161697693, "typical_volume": 222366488.6, "trend": 17.454519, "fair_value": 18.417909, "relative_strength": -20.857585, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.202077, "energy": 76.238246, "activity_lines": [ 15.643909, 16.071473, 16.691468, 16.953728 ] }, { "date": "2025-01-24", "close": 15.543524, "volume": 155668131, "typical_volume": 224488077.55, "trend": 17.336158, "fair_value": 18.400053, "relative_strength": -21.274567, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.930373, "energy": 78.068028, "activity_lines": [ 15.545467, 15.917451, 16.56471, 16.830438 ] }, { "date": "2025-01-31", "close": 15.669814, "volume": 35289187, "typical_volume": 220879546.45, "trend": 17.222328, "fair_value": 18.384215, "relative_strength": -19.120182, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.452081, "energy": 73.131698, "activity_lines": [ 15.543524, 15.819598, 16.452391, 16.722932 ] }, { "date": "2025-02-07", "close": 15.737819, "volume": 101970739, "typical_volume": 220588002.7, "trend": 17.128105, "fair_value": 18.36356, "relative_strength": -21.349651, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.516268, "energy": 54.872677, "activity_lines": [ 15.618003, 15.754068, 16.344323, 16.627158 ] }, { "date": "2025-02-14", "close": 15.786391, "volume": 235296193, "typical_volume": 219971604.35, "trend": 16.989581, "fair_value": 18.347564, "relative_strength": -21.846708, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.266997, "energy": 44.351668, "activity_lines": [ 15.699607, 15.717505, 16.238009, 16.540595 ] }, { "date": "2025-02-21", "close": 15.825251, "volume": 227239255, "typical_volume": 225822746.8, "trend": 16.888318, "fair_value": 18.332601, "relative_strength": -22.889165, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.527451, "energy": 35.509874, "activity_lines": [ 15.757895, 15.706201, 16.144267, 16.465477 ] }, { "date": "2025-02-28", "close": 15.815536, "volume": 222170267, "typical_volume": 209505277.7, "trend": 16.765215, "fair_value": 18.312323, "relative_strength": -19.825054, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.980104, "energy": 30.724086, "activity_lines": [ 15.792221, 15.713443, 16.066634, 16.396266 ] }, { "date": "2025-03-07", "close": 15.932111, "volume": 224852560, "typical_volume": 207486215.15, "trend": 16.661092, "fair_value": 18.284038, "relative_strength": -20.56887, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.441057, "energy": 26.56202, "activity_lines": [ 15.84727, 15.751772, 16.010213, 16.342517 ] }, { "date": "2025-03-14", "close": 16.272127, "volume": 275407817, "typical_volume": 200753069.9, "trend": 16.57633, "fair_value": 18.261072, "relative_strength": -19.615022, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.453805, "energy": 18.690735, "activity_lines": [ 15.998172, 15.861813, 15.994167, 16.317423 ] }, { "date": "2025-03-21", "close": 16.077831, "volume": 205526208, "typical_volume": 197195077.5, "trend": 16.552208, "fair_value": 18.246461, "relative_strength": -18.065688, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.32109, "energy": 18.178704, "activity_lines": [ 16.048688, 15.92434, 15.968377, 16.285261 ] }, { "date": "2025-03-28", "close": 16.476133, "volume": 249698055, "typical_volume": 190913366.65, "trend": 16.554208, "fair_value": 18.226977, "relative_strength": -15.059121, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.934936, "energy": 13.112116, "activity_lines": [ 16.212542, 16.044095, 15.989151, 16.280353 ] }, { "date": "2025-04-04", "close": 16.573282, "volume": 158625346, "typical_volume": 183913785.4, "trend": 16.57165, "fair_value": 18.20896, "relative_strength": -12.220987, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.078201, "energy": 17.05253, "activity_lines": [ 16.365387, 16.164028, 16.029259, 16.281584 ] }, { "date": "2025-04-11", "close": 16.816149, "volume": 724043488, "typical_volume": 209381185.45, "trend": 16.625446, "fair_value": 18.190931, "relative_strength": -5.95191, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 6.994727, "energy": 19.99455, "activity_lines": [ 16.548671, 16.309395, 16.09629, 16.297358 ] }, { "date": "2025-04-18", "close": 16.621855, "volume": 227790717, "typical_volume": 213075629.95, "trend": 16.675013, "fair_value": 18.166161, "relative_strength": -6.34848, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.192858, "energy": 23.306376, "activity_lines": [ 16.608254, 16.398594, 16.144586, 16.297126 ] }, { "date": "2025-04-25", "close": 16.408133, "volume": 169892263, "typical_volume": 212299284.85, "trend": 16.633642, "fair_value": 18.137788, "relative_strength": -8.532566, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.610626, "energy": 22.029209, "activity_lines": [ 16.573282, 16.43286, 16.173591, 16.279908 ] }, { "date": "2025-05-02", "close": 16.456707, "volume": 80102380, "typical_volume": 203730805.3, "trend": 16.535445, "fair_value": 18.116247, "relative_strength": -7.851756, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.444763, "energy": 12.579336, "activity_lines": [ 16.532481, 16.464654, 16.209027, 16.268493 ] }, { "date": "2025-05-09", "close": 16.3207, "volume": 116784014, "typical_volume": 202432335.65, "trend": 16.481525, "fair_value": 18.091419, "relative_strength": -10.241534, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.6109, "energy": 10.615675, "activity_lines": [ 16.447639, 16.460238, 16.233823, 16.254638 ] }, { "date": "2025-05-16", "close": 16.009829, "volume": 145944837, "typical_volume": 202742463.9, "trend": 16.428162, "fair_value": 18.068402, "relative_strength": -11.902703, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.638055, "energy": 14.564521, "activity_lines": [ 16.276012, 16.390116, 16.229197, 16.224206 ] }, { "date": "2025-05-23", "close": 15.922397, "volume": 100901369, "typical_volume": 200442030.75, "trend": 16.355185, "fair_value": 18.057806, "relative_strength": -11.343332, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.932157, "energy": 21.077957, "activity_lines": [ 16.128997, 16.302683, 16.218464, 16.191576 ] }, { "date": "2025-05-30", "close": 16.374794, "volume": 158625651, "typical_volume": 198876308.5, "trend": 16.304674, "fair_value": 18.050471, "relative_strength": -7.427639, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.103684, "energy": 15.238067, "activity_lines": [ 16.17941, 16.303864, 16.249291, 16.192842 ] }, { "date": "2025-06-06", "close": 16.522314, "volume": 161429064, "typical_volume": 198862877.05, "trend": 16.235638, "fair_value": 18.049275, "relative_strength": -7.288016, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.586871, "energy": 8.036236, "activity_lines": [ 16.28122, 16.326467, 16.288774, 16.206883 ] }, { "date": "2025-06-13", "close": 17.368099, "volume": 342899137, "typical_volume": 208224427.35, "trend": 16.235579, "fair_value": 18.053259, "relative_strength": -1.468995, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 67.734433, "energy": 47.813496, "activity_lines": [ 16.660584, 16.502009, 16.404009, 16.279945 ] }, { "date": "2025-06-20", "close": 16.719009, "volume": 142052020, "typical_volume": 213562569.0, "trend": 16.23396, "fair_value": 18.052901, "relative_strength": -3.536899, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.787829, "energy": 48.196665, "activity_lines": [ 16.753758, 16.545084, 16.448737, 16.311134 ] }, { "date": "2025-06-27", "close": 16.748514, "volume": 157643634, "typical_volume": 216346213.75, "trend": 16.230734, "fair_value": 18.053155, "relative_strength": -6.27836, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.227322, "energy": 53.79967, "activity_lines": [ 16.809488, 16.59529, 16.491279, 16.344331 ] }, { "date": "2025-07-04", "close": 17.102562, "volume": 167739658, "typical_volume": 212968387.0, "trend": 16.241252, "fair_value": 18.051392, "relative_strength": -4.880306, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.44344, "energy": 60.342299, "activity_lines": [ 16.92816, 16.707564, 16.562727, 16.400578 ] }, { "date": "2025-07-11", "close": 17.210745, "volume": 213423525, "typical_volume": 212277600.5, "trend": 16.250196, "fair_value": 18.03879, "relative_strength": -5.436855, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.806216, "energy": 59.552818, "activity_lines": [ 17.034375, 16.826883, 16.63821, 16.463126 ] }, { "date": "2025-07-18", "close": 16.876364, "volume": 157076795, "typical_volume": 209022926.9, "trend": 16.267423, "fair_value": 18.014565, "relative_strength": -8.406106, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.542511, "energy": 45.509013, "activity_lines": [ 16.983235, 16.871695, 16.675251, 16.503524 ] }, { "date": "2025-07-25", "close": 17.859835, "volume": 363422643, "typical_volume": 215951431.05, "trend": 16.313546, "fair_value": 17.997792, "relative_strength": -4.629293, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.779871, "energy": 61.135979, "activity_lines": [ 17.2927, 17.085218, 16.800903, 16.60626 ] }, { "date": "2025-08-01", "close": 17.023884, "volume": 246028771, "typical_volume": 214482478.75, "trend": 16.360949, "fair_value": 17.955978, "relative_strength": -6.848879, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.721398, "energy": 39.478805, "activity_lines": [ 17.24746, 17.113112, 16.837762, 16.652088 ] }, { "date": "2025-08-08", "close": 17.407438, "volume": 172202548, "typical_volume": 212816295.75, "trend": 16.433118, "fair_value": 17.922116, "relative_strength": -5.151178, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.704369, "energy": 38.593537, "activity_lines": [ 17.311714, 17.190717, 16.90757, 16.719604 ] }, { "date": "2025-08-15", "close": 17.122232, "volume": 201478550, "typical_volume": 210405320.5, "trend": 16.486713, "fair_value": 17.891196, "relative_strength": -9.941765, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.953455, "energy": 34.848977, "activity_lines": [ 17.260573, 17.197691, 16.943883, 16.764063 ] }, { "date": "2025-08-22", "close": 17.417273, "volume": 345067995, "typical_volume": 219727452.95, "trend": 16.549171, "fair_value": 17.857699, "relative_strength": -11.745409, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.333963, "energy": 29.760745, "activity_lines": [ 17.313681, 17.247401, 17.00522, 16.824099 ] }, { "date": "2025-08-29", "close": 17.889339, "volume": 452619942, "typical_volume": 206156275.65, "trend": 16.623155, "fair_value": 17.832542, "relative_strength": -12.560376, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.09634, "energy": 38.055816, "activity_lines": [ 17.488083, 17.382047, 17.107496, 16.910561 ] }, { "date": "2025-09-05", "close": 17.653307, "volume": 297468270, "typical_volume": 209640153.3, "trend": 16.687005, "fair_value": 17.811969, "relative_strength": -12.392515, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.693366, "energy": 34.616079, "activity_lines": [ 17.581841, 17.452499, 17.182182, 16.977023 ] }, { "date": "2025-09-12", "close": 19.16785, "volume": 489608161, "typical_volume": 225625948.2, "trend": 16.79972, "fair_value": 17.787883, "relative_strength": -6.860203, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.885614, "energy": 70.120306, "activity_lines": [ 18.138485, 17.781872, 17.396199, 17.137077 ] }, { "date": "2025-09-19", "close": 18.813801, "volume": 334388862, "typical_volume": 238340272.3, "trend": 16.899338, "fair_value": 17.756395, "relative_strength": -9.129583, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.519355, "energy": 72.03275, "activity_lines": [ 18.459752, 18.009322, 17.563355, 17.267018 ] }, { "date": "2025-09-26", "close": 18.5581, "volume": 214465590, "typical_volume": 243224351.1, "trend": 16.990757, "fair_value": 17.730211, "relative_strength": -10.814818, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.648708, "energy": 67.581036, "activity_lines": [ 18.583014, 18.161135, 17.694934, 17.374035 ] }, { "date": "2025-10-03", "close": 18.302397, "volume": 86859733, "typical_volume": 240270095.9, "trend": 17.069767, "fair_value": 17.710177, "relative_strength": -13.591857, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.824059, "energy": 64.019169, "activity_lines": [ 18.544986, 18.235878, 17.791507, 17.458657 ] }, { "date": "2025-10-10", "close": 18.528595, "volume": 125465292, "typical_volume": 241498292.05, "trend": 17.144982, "fair_value": 17.698536, "relative_strength": -10.970743, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.989477, "energy": 42.63498, "activity_lines": [ 18.554821, 18.343703, 17.898705, 17.552775 ] }, { "date": "2025-10-17", "close": 18.272892, "volume": 238533895, "typical_volume": 245493704.25, "trend": 17.218151, "fair_value": 17.691234, "relative_strength": -7.290016, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.947973, "energy": 33.663288, "activity_lines": [ 18.421069, 18.377677, 17.969141, 17.625543 ] }, { "date": "2025-10-24", "close": 17.70248, "volume": 185913949, "typical_volume": 246717948.5, "trend": 17.259029, "fair_value": 17.680878, "relative_strength": -13.842585, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.859066, "energy": 21.457586, "activity_lines": [ 18.156843, 18.292204, 17.976212, 17.65679 ] }, { "date": "2025-10-31", "close": 17.85, "volume": 211564026, "typical_volume": 240151192.95, "trend": 17.301586, "fair_value": 17.662835, "relative_strength": -13.296389, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.016849, "energy": 17.496145, "activity_lines": [ 18.015879, 18.223004, 17.991714, 17.694917 ] }, { "date": "2025-11-07", "close": 17.93, "volume": 184881079, "typical_volume": 242292645.9, "trend": 17.338715, "fair_value": 17.651523, "relative_strength": -12.717816, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.637398, "energy": 18.614955, "activity_lines": [ 17.948788, 18.160481, 18.012539, 17.73546 ] }, { "date": "2025-11-14", "close": 18.059999, "volume": 214196215, "typical_volume": 245120274.95, "trend": 17.386653, "fair_value": 17.658795, "relative_strength": -10.554229, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.481683, "energy": 17.290224, "activity_lines": [ 17.949856, 18.120855, 18.039979, 17.781995 ] }, { "date": "2025-11-21", "close": 17.360001, "volume": 166327877, "typical_volume": 245049685.9, "trend": 17.418382, "fair_value": 17.656387, "relative_strength": -9.118426, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.059111, "energy": 8.735604, "activity_lines": [ 17.748832, 17.946562, 17.994507, 17.780275 ] }, { "date": "2025-11-28", "close": 18.08, "volume": 177985958, "typical_volume": 243277807.55, "trend": 17.472492, "fair_value": 17.661191, "relative_strength": -8.374985, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.946134, "energy": 10.971391, "activity_lines": [ 17.848667, 17.936048, 18.016381, 17.82296 ] }, { "date": "2025-12-05", "close": 17.17, "volume": 164107937, "typical_volume": 243629364.65, "trend": 17.500802, "fair_value": 17.665838, "relative_strength": -13.797033, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.082032, "energy": 10.314468, "activity_lines": [ 17.62, 17.773422, 17.947449, 17.803445 ] }, { "date": "2025-12-12", "close": 16.889999, "volume": 153228460, "typical_volume": 233119655.5, "trend": 17.530141, "fair_value": 17.66893, "relative_strength": -15.580905, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.668845, "energy": 39.907659, "activity_lines": [ 17.343333, 17.585124, 17.850451, 17.764038 ] }, { "date": "2025-12-19", "close": 17.049999, "volume": 128510018, "typical_volume": 227243717.85, "trend": 17.567727, "fair_value": 17.665823, "relative_strength": -13.752402, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.550507, "energy": 46.003688, "activity_lines": [ 17.189333, 17.451597, 17.77331, 17.733061 ] }, { "date": "2025-12-26", "close": 16.73, "volume": 132081907, "typical_volume": 225237685.8, "trend": 17.579568, "fair_value": 17.662546, "relative_strength": -17.924308, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.926671, "energy": 60.508824, "activity_lines": [ 16.996, 17.286772, 17.665569, 17.679014 ] }, { "date": "2026-01-02", "close": 16.879999, "volume": 118567985, "typical_volume": 221092157.55, "trend": 17.59149, "fair_value": 17.656284, "relative_strength": -16.353022, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.067692, "energy": 56.510229, "activity_lines": [ 16.894666, 17.177272, 17.575339, 17.633881 ] }, { "date": "2026-01-09", "close": 16.98, "volume": 170727529, "typical_volume": 212375134.25, "trend": 17.578554, "fair_value": 17.649569, "relative_strength": -19.035045, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.607041, "energy": 48.481065, "activity_lines": [ 16.906666, 17.100909, 17.495786, 17.59443 ] }, { "date": "2026-01-16", "close": 15.97, "volume": 307824920, "typical_volume": 205135383.15, "trend": 17.553587, "fair_value": 17.632737, "relative_strength": -24.308697, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -81.191926, "energy": 71.174063, "activity_lines": [ 16.594666, 16.856727, 17.322126, 17.490652 ] }, { "date": "2026-01-23", "close": 15.64, "volume": 253954626, "typical_volume": 202959700.95, "trend": 17.516636, "fair_value": 17.618162, "relative_strength": -26.27707, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.188462, "energy": 81.108019, "activity_lines": [ 16.234, 16.588182, 17.126176, 17.367195 ] }, { "date": "2026-01-30", "close": 15.6, "volume": 359092319, "typical_volume": 196433908.85, "trend": 17.466551, "fair_value": 17.594829, "relative_strength": -24.817858, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.772762, "energy": 83.550231, "activity_lines": [ 15.954, 16.356363, 16.936004, 17.243541 ] }, { "date": "2026-02-06", "close": 15.82, "volume": 250443872, "typical_volume": 192236659.35, "trend": 17.420193, "fair_value": 17.57078, "relative_strength": -21.756423, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.345241, "energy": 79.99336, "activity_lines": [ 15.822667, 16.196545, 16.783774, 17.137312 ] }, { "date": "2026-02-13", "close": 15.4, "volume": 155793708, "typical_volume": 189303065.25, "trend": 17.370981, "fair_value": 17.545861, "relative_strength": -24.50285, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.90754, "energy": 83.139902, "activity_lines": [ 15.622, 16.001454, 16.605801, 17.006977 ] }, { "date": "2026-02-27", "close": 15.98, "volume": 183051151, "typical_volume": 194112636.15, "trend": 17.308319, "fair_value": 17.527332, "relative_strength": -23.450453, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.655992, "energy": 58.8162, "activity_lines": [ 15.72, 15.944, 16.498104, 16.917236 ] }, { "date": "2026-03-06", "close": 16.780001, "volume": 379754793, "typical_volume": 206827111.2, "trend": 17.30019, "fair_value": 17.517878, "relative_strength": -17.451483, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.27394, "energy": 36.951885, "activity_lines": [ 16.084, 16.048546, 16.477656, 16.883151 ] }, { "date": "2026-03-13", "close": 17.43, "volume": 369051679, "typical_volume": 213353000.4, "trend": 17.300942, "fair_value": 17.508401, "relative_strength": -14.618469, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -18.09469, "energy": 17.563809, "activity_lines": [ 16.588667, 16.276182, 16.52744, 16.891526 ] }, { "date": "2026-03-20", "close": 17.219999, "volume": 235300057, "typical_volume": 215822305.8, "trend": 17.304201, "fair_value": 17.500432, "relative_strength": -12.843335, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -11.06636, "energy": 23.656122, "activity_lines": [ 16.901333, 16.452909, 16.561238, 16.886304 ] }, { "date": "2026-03-27", "close": 16.91, "volume": 248838771, "typical_volume": 217686043.05, "trend": 17.287292, "fair_value": 17.499767, "relative_strength": -13.432266, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.95354, "energy": 27.220117, "activity_lines": [ 17.017333, 16.567091, 16.567809, 16.860871 ] }, { "date": "2026-04-03", "close": 16.309999, "volume": 222414506, "typical_volume": 219562714.4, "trend": 17.234647, "fair_value": 17.489122, "relative_strength": -13.567416, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.799118, "energy": 20.558831, "activity_lines": [ 16.832666, 16.573454, 16.521714, 16.79782 ] }, { "date": "2026-04-10", "close": 16.5, "volume": 138557113, "typical_volume": 215780759.3, "trend": 17.196204, "fair_value": 17.476962, "relative_strength": -17.907769, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.33398, "energy": 10.935361, "activity_lines": [ 16.689333, 16.608182, 16.501428, 16.750424 ] }, { "date": "2026-04-17", "close": 16.83, "volume": 281028665, "typical_volume": 221515798.7, "trend": 17.118275, "fair_value": 17.460542, "relative_strength": -18.862273, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.318252, "energy": 11.692774, "activity_lines": [ 16.674666, 16.687273, 16.52, 16.726798 ] }, { "date": "2026-04-24", "close": 15.494939, "volume": 248050684, "typical_volume": 225019035.0, "trend": 17.007647, "fair_value": 17.429916, "relative_strength": -24.886619, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.597803, "energy": 33.07042, "activity_lines": [ 16.25498, 16.501261, 16.413946, 16.622066 ] }, { "date": "2026-05-01", "close": 16.173765, "volume": 212179531, "typical_volume": 227422614.7, "trend": 16.928169, "fair_value": 17.408439, "relative_strength": -21.828123, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.772704, "energy": 28.120212, "activity_lines": [ 16.176572, 16.444584, 16.384853, 16.568267 ] }, { "date": "2026-05-08", "close": 15.799918, "volume": 127584878, "typical_volume": 226140435.6, "trend": 16.844753, "fair_value": 17.382501, "relative_strength": -25.193857, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.475593, "energy": 44.861872, "activity_lines": [ 16.022631, 16.305865, 16.324899, 16.495477 ] }, { "date": "2026-05-15", "close": 14.83579, "volume": 336143221, "typical_volume": 236522095.75, "trend": 16.721659, "fair_value": 17.357487, "relative_strength": -29.086154, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.551269, "energy": 67.305151, "activity_lines": [ 15.58132, 15.995125, 16.178314, 16.365866 ] }, { "date": "2026-05-22", "close": 13.556842, "volume": 297291388, "typical_volume": 244782569.8, "trend": 16.564458, "fair_value": 17.327676, "relative_strength": -34.691437, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.17611, "energy": 80.141791, "activity_lines": [ 14.82464, 15.487197, 15.920469, 16.161685 ] }, { "date": "2026-05-29", "close": 13.458462, "volume": 247367798, "typical_volume": 251222560.45, "trend": 16.42299, "fair_value": 17.299724, "relative_strength": -34.402632, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.169509, "energy": 86.325803, "activity_lines": [ 14.253377, 15.031804, 15.668364, 15.961298 ] }, { "date": "2026-06-05", "close": 12.681255, "volume": 35486897, "typical_volume": 244460528.85, "trend": 16.250699, "fair_value": 17.271344, "relative_strength": -36.394242, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.252365, "energy": 93.435245, "activity_lines": [ 13.55881, 14.503492, 15.358532, 15.719896 ] }, { "date": "2026-06-12", "close": 12.720608, "volume": 57099502, "typical_volume": 231924257.95, "trend": 16.077053, "fair_value": 17.248013, "relative_strength": -33.945386, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.895614, "energy": 91.739933, "activity_lines": [ 13.110195, 14.059221, 15.072919, 15.492148 ] }, { "date": "2026-06-19", "close": 12.159838, "volume": 178880004, "typical_volume": 228170526.85, "trend": 15.88038, "fair_value": 17.223517, "relative_strength": -40.205875, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.701078, "energy": 92.460931, "activity_lines": [ 12.679944, 13.578254, 14.749372, 15.239424 ] }, { "date": "2026-06-26", "close": 12.16, "volume": 98201846, "typical_volume": 215126003.2, "trend": 15.707047, "fair_value": 17.198415, "relative_strength": -38.422993, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.970203, "energy": 89.879589, "activity_lines": [ 12.428143, 13.176228, 14.442413, 14.9994 ] }, { "date": "2026-07-03", "close": 13.06, "volume": 56573189, "typical_volume": 205432469.05, "trend": 15.539714, "fair_value": 17.176624, "relative_strength": -32.274104, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.020506, "energy": 71.961881, "activity_lines": [ 12.569466, 13.022748, 14.237549, 14.828622 ] }, { "date": "2026-07-10", "close": 13.34, "volume": 324916835, "typical_volume": 213888625.4, "trend": 15.412047, "fair_value": 17.155644, "relative_strength": -27.453532, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.926213, "energy": 58.271828, "activity_lines": [ 12.830686, 12.964448, 14.072495, 14.686705 ] }, { "date": "2026-07-17", "close": 14.05, "volume": 350695394, "typical_volume": 222270837.55, "trend": 15.31738, "fair_value": 17.132948, "relative_strength": -15.345829, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.089781, "energy": 39.839601, "activity_lines": [ 13.284656, 13.086763, 13.984869, 14.598831 ] }, { "date": "2026-07-24", "close": 13.73, "volume": 301873851, "typical_volume": 218376790.45, "trend": 15.206714, "fair_value": 17.10771, "relative_strength": -16.956246, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.69745, "energy": 26.669315, "activity_lines": [ 13.543333, 13.182712, 13.875957, 14.49642 ] }, { "date": "2026-07-31", "close": 14.09, "volume": 251549337, "typical_volume": 212501673.35, "trend": 15.118714, "fair_value": 17.084533, "relative_strength": -12.765473, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.191912, "energy": 28.156415, "activity_lines": [ 13.817333, 13.364221, 13.815855, 14.424374 ] }, { "date": "2026-08-07", "close": 13.56, "volume": 233958463, "typical_volume": 212434593.65, "trend": 15.008047, "fair_value": 17.053595, "relative_strength": -19.559423, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.394596, "energy": 24.82315, "activity_lines": [ 13.786, 13.439672, 13.721182, 14.323812 ] } ], "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." } } }