{ "ticker": { "uuid": "0cf73e77-7a07-4412-bffa-ac01f02218d6", "symbol": "2070", "name": "Ching Chan Optical Technology Co., Ltd.", "exchange": "TWO", "country": "TW", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-14", "benchmark": "^TWII", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 10.194, "architecture_energy": 15.178, "architecture_maturity": 48.959, "architecture_confidence": 77.252, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 49.64, "rotation_up": 21.04, "upward_expansion": 43.3, "deceleration": 79.01, "rotation_down": 38.07, "downward_expansion": 34.97 }, "activity_lines": [ 55.753332, 56.939999, 59.693583, 56.687929 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 60.5, "trend_reference": 52.256387, "distance_from_trend": 0.157753, "trend_direction": "Improving", "fair_value": 47.755212, "distance_from_fair_value": 0.266877, "fair_value_direction": "Weakening", "relative_strength": -5.912569, "relative_strength_direction": "Weakening", "price_momentum": 0.56841, "excess_performance": 0.127038, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.157753, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.140825, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.266877, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.179969, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.059126, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.101447, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.56841, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.788163, "read": "Demand-led" } ], "volume": { "latest": 1376229, "relative_activity": 0.314582, "balance": 2.788163, "dry_up": 0.24445, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.143865, "annualized_volatility": 0.741165, "from_high_reference": -0.270205, "from_low_reference": 0.70864 }, "levels": { "trend_reference": 52.256387, "fair_value_reference": 47.755212, "structural_low": 35.408287, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 17, "median_return": 0.009247, "positive_rate": 0.647059, "directional_follow_through": 0.647059, "median_excess_return": 0.046123, "regime_survival": 0.588235, "best_return": 0.148773, "worst_return": -0.26149, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.002516, "positive_rate": 0.571429, "directional_follow_through": 0.571429, "median_excess_return": 0.003059, "regime_survival": 0.142857, "best_return": 1.342004, "worst_return": -0.14881, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.017833, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.037726, "regime_survival": 0.166667, "best_return": 1.626, "worst_return": -0.422142, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.172251, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.345363, "regime_survival": 0.333333, "best_return": 1.041754, "worst_return": -0.053979, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-03", "end": "2024-05-31", "tenure": "Developing", "return": 0.101056, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-06-07", "end": "2024-10-25", "tenure": "Established", "return": 1.253738, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-01", "end": "2025-01-03", "tenure": "Developing", "return": -0.063095, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-10", "end": "2025-02-07", "tenure": "New", "return": 0.031746, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-14", "end": "2025-09-05", "tenure": "Extended", "return": -0.372252, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-12", "end": "2025-09-12", "tenure": "New", "return": 0.0, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-09-19", "end": "2025-10-03", "tenure": "New", "return": 0.222362, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-10", "end": "2026-01-23", "tenure": "Established", "return": 0.022063, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-30", "end": "2026-02-06", "tenure": "New", "return": -0.046931, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-13", "end": "2026-03-13", "tenure": "New", "return": -0.026582, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-20", "end": "2026-04-10", "tenure": "New", "return": 0.029211, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-17", "end": "2026-04-17", "tenure": "New", "return": 0.0, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-06-26", "tenure": "Developing", "return": 0.117216, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-03", "end": "2026-08-14", "tenure": "Developing", "return": -0.041204, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 27.671524, "volume": 97000, "typical_volume": 161100.0, "trend": 30.550787, "fair_value": 27.188038, "relative_strength": -16.515429, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.715506, "energy": 75.818398, "activity_lines": [ 28.186482, 28.643887, 28.976588, 29.629279 ] }, { "date": "2023-08-18", "close": 27.217146, "volume": 62000, "typical_volume": 160000.0, "trend": 30.358264, "fair_value": 27.206405, "relative_strength": -16.515579, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.253515, "energy": 82.943553, "activity_lines": [ 27.786631, 28.321693, 28.751664, 29.414206 ] }, { "date": "2023-08-25", "close": 27.217146, "volume": 26000, "typical_volume": 154900.0, "trend": 30.158457, "fair_value": 27.230478, "relative_strength": -16.786984, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.805914, "energy": 82.865541, "activity_lines": [ 27.507947, 28.045763, 28.55258, 29.211553 ] }, { "date": "2023-09-01", "close": 27.080833, "volume": 43000, "typical_volume": 129650.0, "trend": 29.968673, "fair_value": 27.255233, "relative_strength": -17.797235, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.71223, "energy": 83.563563, "activity_lines": [ 27.298934, 27.785529, 28.368016, 29.012996 ] }, { "date": "2023-09-08", "close": 27.126272, "volume": 32000, "typical_volume": 105300.0, "trend": 29.749814, "fair_value": 27.289873, "relative_strength": -17.058909, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.785435, "energy": 83.149776, "activity_lines": [ 27.180796, 27.583952, 28.215692, 28.829616 ] }, { "date": "2023-09-15", "close": 27.217146, "volume": 155000, "typical_volume": 97600.0, "trend": 29.618469, "fair_value": 27.330541, "relative_strength": -18.240414, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.936506, "energy": 72.083355, "activity_lines": [ 27.16565, 27.446813, 28.08587, 28.666218 ] }, { "date": "2023-09-22", "close": 27.671524, "volume": 53000, "typical_volume": 92950.0, "trend": 29.465855, "fair_value": 27.372047, "relative_strength": -13.716438, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.065118, "energy": 49.447335, "activity_lines": [ 27.332255, 27.424507, 28.009925, 28.540608 ] }, { "date": "2023-09-29", "close": 27.217146, "volume": 34000, "typical_volume": 85600.0, "trend": 29.290811, "fair_value": 27.411419, "relative_strength": -14.878402, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.220868, "energy": 43.732776, "activity_lines": [ 27.317109, 27.344372, 27.901091, 28.39553 ] }, { "date": "2023-10-06", "close": 27.898712, "volume": 13000, "typical_volume": 75250.0, "trend": 29.147226, "fair_value": 27.453863, "relative_strength": -13.252366, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.183894, "energy": 30.798761, "activity_lines": [ 27.529152, 27.419551, 27.864741, 28.305718 ] }, { "date": "2023-10-13", "close": 27.035397, "volume": 20000, "typical_volume": 69250.0, "trend": 28.98506, "fair_value": 27.494403, "relative_strength": -16.798548, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.743376, "energy": 33.399977, "activity_lines": [ 27.398898, 27.343546, 27.747901, 28.169471 ] }, { "date": "2023-10-20", "close": 25.899452, "volume": 20000, "typical_volume": 66950.0, "trend": 28.771919, "fair_value": 27.526624, "relative_strength": -18.112593, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.118696, "energy": 51.894798, "activity_lines": [ 26.896053, 27.082486, 27.52742, 27.970399 ] }, { "date": "2023-10-27", "close": 26.626455, "volume": 29000, "typical_volume": 64100.0, "trend": 28.571359, "fair_value": 27.565321, "relative_strength": -13.717278, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.426235, "energy": 50.171375, "activity_lines": [ 26.72339, 26.985827, 27.389593, 27.831982 ] }, { "date": "2023-11-03", "close": 27.807837, "volume": 78000, "typical_volume": 62600.0, "trend": 28.398525, "fair_value": 27.614702, "relative_strength": -11.423139, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.712745, "energy": 38.341241, "activity_lines": [ 27.014191, 27.114705, 27.379207, 27.782723 ] }, { "date": "2023-11-10", "close": 27.080833, "volume": 87000, "typical_volume": 65350.0, "trend": 28.203143, "fair_value": 27.662016, "relative_strength": -14.113333, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.097941, "energy": 32.878679, "activity_lines": [ 27.023279, 27.100661, 27.307372, 27.69771 ] }, { "date": "2023-11-17", "close": 27.126272, "volume": 35000, "typical_volume": 62400.0, "trend": 28.106209, "fair_value": 27.712474, "relative_strength": -15.958009, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.730179, "energy": 18.840589, "activity_lines": [ 27.102038, 27.094878, 27.253064, 27.628235 ] }, { "date": "2023-11-24", "close": 27.308022, "volume": 39000, "typical_volume": 59700.0, "trend": 28.035024, "fair_value": 27.765653, "relative_strength": -15.287872, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.876901, "energy": 15.478493, "activity_lines": [ 27.235322, 27.12214, 27.228614, 27.576739 ] }, { "date": "2023-12-01", "close": 27.262583, "volume": 45000, "typical_volume": 58450.0, "trend": 27.948692, "fair_value": 27.813354, "relative_strength": -15.565273, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.908128, "energy": 14.210227, "activity_lines": [ 27.259555, 27.139489, 27.207842, 27.526904 ] }, { "date": "2023-12-08", "close": 27.580648, "volume": 37000, "typical_volume": 57150.0, "trend": 27.907798, "fair_value": 27.866465, "relative_strength": -13.810162, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.507191, "energy": 11.178451, "activity_lines": [ 27.347401, 27.222103, 27.225801, 27.503159 ] }, { "date": "2023-12-15", "close": 28.171337, "volume": 101000, "typical_volume": 53850.0, "trend": 27.904769, "fair_value": 27.919213, "relative_strength": -13.020386, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.31628, "energy": 7.624667, "activity_lines": [ 27.647289, 27.405506, 27.306507, 27.520162 ] }, { "date": "2023-12-22", "close": 29.579901, "volume": 113000, "typical_volume": 55950.0, "trend": 27.95778, "fair_value": 27.976583, "relative_strength": -7.903913, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 35.393866, "energy": 39.615476, "activity_lines": [ 28.343999, 27.840055, 27.521578, 27.628235 ] }, { "date": "2023-12-29", "close": 28.534838, "volume": 62000, "typical_volume": 54200.0, "trend": 27.951721, "fair_value": 28.019734, "relative_strength": -12.212285, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 19.411324, "energy": 38.512083, "activity_lines": [ 28.528779, 28.038328, 27.630629, 27.665464 ] }, { "date": "2024-01-05", "close": 31.079344, "volume": 383000, "typical_volume": 70250.0, "trend": 27.995644, "fair_value": 28.079974, "relative_strength": -1.539789, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 54.737775, "energy": 64.806057, "activity_lines": [ 29.47994, 28.651323, 27.977902, 27.867246 ] }, { "date": "2024-01-12", "close": 30.216032, "volume": 360000, "typical_volume": 86950.0, "trend": 28.021392, "fair_value": 28.134679, "relative_strength": -3.638358, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.304876, "energy": 59.704466, "activity_lines": [ 29.888879, 29.02639, 28.224564, 28.010497 ] }, { "date": "2024-01-19", "close": 30.579533, "volume": 150000, "typical_volume": 92300.0, "trend": 28.045626, "fair_value": 28.193012, "relative_strength": -2.892034, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 67.372605, "energy": 65.906324, "activity_lines": [ 30.243293, 29.423763, 28.491564, 28.175538 ] }, { "date": "2024-01-26", "close": 31.079344, "volume": 141000, "typical_volume": 97750.0, "trend": 28.089549, "fair_value": 28.252214, "relative_strength": -2.501152, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.032665, "energy": 69.25716, "activity_lines": [ 30.603765, 29.848398, 28.789505, 28.371262 ] }, { "date": "2024-02-02", "close": 29.716217, "volume": 87000, "typical_volume": 94350.0, "trend": 28.113782, "fair_value": 28.292566, "relative_strength": -6.651173, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.936355, "energy": 43.868533, "activity_lines": [ 30.409898, 29.953318, 28.9388, 28.476209 ] }, { "date": "2024-02-09", "close": 29.625341, "volume": 18000, "typical_volume": 92600.0, "trend": 28.133472, "fair_value": 28.332335, "relative_strength": -6.587992, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.555956, "energy": 38.165452, "activity_lines": [ 30.10698, 29.99793, 29.06754, 28.573728 ] }, { "date": "2024-02-16", "close": 29.216402, "volume": 70000, "typical_volume": 94400.0, "trend": 28.142559, "fair_value": 28.371297, "relative_strength": -9.970952, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.382119, "energy": 26.941985, "activity_lines": [ 29.764683, 29.925229, 29.148029, 28.643595 ] }, { "date": "2024-02-23", "close": 29.170961, "volume": 204000, "typical_volume": 103950.0, "trend": 28.174366, "fair_value": 28.411006, "relative_strength": -10.9264, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 35.388064, "energy": 19.740144, "activity_lines": [ 29.473881, 29.814526, 29.214671, 28.709943 ] }, { "date": "2024-03-01", "close": 30.715843, "volume": 256000, "typical_volume": 115750.0, "trend": 28.257668, "fair_value": 28.460618, "relative_strength": -5.962787, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.543326, "energy": 21.96743, "activity_lines": [ 29.791944, 29.966536, 29.422386, 28.87391 ] }, { "date": "2024-03-08", "close": 31.715475, "volume": 464000, "typical_volume": 137950.0, "trend": 28.392466, "fair_value": 28.517415, "relative_strength": -6.579926, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.807739, "energy": 35.155216, "activity_lines": [ 30.467452, 30.279643, 29.707778, 29.096994 ] }, { "date": "2024-03-15", "close": 31.624598, "volume": 379000, "typical_volume": 155450.0, "trend": 28.539381, "fair_value": 28.572075, "relative_strength": -5.878261, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.369464, "energy": 41.42845, "activity_lines": [ 30.979383, 30.518397, 29.956819, 29.305519 ] }, { "date": "2024-03-22", "close": 33.260349, "volume": 4370000, "typical_volume": 370050.0, "trend": 28.740822, "fair_value": 28.639035, "relative_strength": -3.261982, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.631506, "energy": 62.251211, "activity_lines": [ 31.903281, 31.044647, 30.337846, 29.610097 ] }, { "date": "2024-03-29", "close": 35.032421, "volume": 3808000, "typical_volume": 556100.0, "trend": 29.005875, "fair_value": 28.716057, "relative_strength": 1.942375, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.472666, "energy": 70.995552, "activity_lines": [ 33.148273, 31.837741, 30.861677, 30.016007 ] }, { "date": "2024-04-05", "close": 34.440506, "volume": 566000, "typical_volume": 582650.0, "trend": 29.249682, "fair_value": 28.789545, "relative_strength": 0.452108, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.910159, "energy": 71.639659, "activity_lines": [ 33.805195, 32.442252, 31.291271, 30.366628 ] }, { "date": "2024-04-12", "close": 33.59129, "volume": 488000, "typical_volume": 605100.0, "trend": 29.462154, "fair_value": 28.836327, "relative_strength": -3.416114, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.438268, "energy": 69.078529, "activity_lines": [ 33.930736, 32.831248, 31.605157, 30.646732 ] }, { "date": "2024-04-19", "close": 30.430313, "volume": 381000, "typical_volume": 621900.0, "trend": 29.554113, "fair_value": 28.865179, "relative_strength": -6.693423, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.692305, "energy": 38.528529, "activity_lines": [ 32.877562, 32.575065, 31.588078, 30.709194 ] }, { "date": "2024-04-26", "close": 30.902098, "volume": 520000, "typical_volume": 646050.0, "trend": 29.676945, "fair_value": 28.898352, "relative_strength": -7.664809, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.543915, "energy": 21.304088, "activity_lines": [ 32.06127, 32.390025, 31.600845, 30.796161 ] }, { "date": "2024-05-03", "close": 31.27953, "volume": 301000, "typical_volume": 656050.0, "trend": 29.789639, "fair_value": 28.93576, "relative_strength": -7.102193, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.280119, "energy": 19.678325, "activity_lines": [ 31.528004, 32.242961, 31.633743, 30.899553 ] }, { "date": "2024-05-10", "close": 32.506176, "volume": 546000, "typical_volume": 677700.0, "trend": 29.971998, "fair_value": 28.982068, "relative_strength": -4.905083, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.846741, "energy": 20.368302, "activity_lines": [ 31.653814, 32.280585, 31.768663, 31.074814 ] }, { "date": "2024-05-17", "close": 31.421066, "volume": 601000, "typical_volume": 704650.0, "trend": 30.156052, "fair_value": 29.021679, "relative_strength": -10.174324, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.659073, "energy": 15.480422, "activity_lines": [ 31.546876, 32.088365, 31.786304, 31.168302 ] }, { "date": "2024-05-24", "close": 33.780006, "volume": 1079000, "typical_volume": 739450.0, "trend": 30.394504, "fair_value": 29.086265, "relative_strength": -4.660606, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.235147, "energy": 24.557978, "activity_lines": [ 32.370932, 32.330396, 32.014863, 31.402105 ] }, { "date": "2024-05-31", "close": 34.440506, "volume": 1123000, "typical_volume": 777600.0, "trend": 30.615593, "fair_value": 29.157938, "relative_strength": -0.893855, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 59.187458, "energy": 33.680972, "activity_lines": [ 33.191842, 32.653329, 32.293466, 31.663138 ] }, { "date": "2024-06-07", "close": 39.347103, "volume": 4438000, "typical_volume": 992000.0, "trend": 31.024469, "fair_value": 29.261323, "relative_strength": 9.633132, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.258489, "energy": 66.669639, "activity_lines": [ 35.412391, 33.846913, 33.019247, 32.226461 ] }, { "date": "2024-06-14", "close": 36.610733, "volume": 1199000, "typical_volume": 1044900.0, "trend": 31.340617, "fair_value": 29.345092, "relative_strength": -0.832406, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.345644, "energy": 66.232911, "activity_lines": [ 36.182978, 34.464526, 33.442671, 32.586865 ] }, { "date": "2024-06-21", "close": 39.44146, "volume": 3009000, "typical_volume": 1191000.0, "trend": 31.745065, "fair_value": 29.44597, "relative_strength": 3.443057, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.215982, "energy": 75.222673, "activity_lines": [ 37.623504, 35.557359, 34.109349, 33.1095 ] }, { "date": "2024-06-28", "close": 39.158386, "volume": 819000, "typical_volume": 1231050.0, "trend": 32.141592, "fair_value": 29.545551, "relative_strength": 3.758832, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.392535, "energy": 78.295101, "activity_lines": [ 38.434979, 36.492356, 34.702756, 33.587779 ] }, { "date": "2024-07-05", "close": 49.632072, "volume": 1569000, "typical_volume": 1306000.0, "trend": 32.876639, "fair_value": 29.716162, "relative_strength": 28.031969, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.83809, "energy": 91.912757, "activity_lines": [ 42.379124, 39.172968, 36.248262, 34.716197 ] }, { "date": "2024-07-12", "close": 51.141796, "volume": 10283000, "typical_volume": 1809950.0, "trend": 33.642321, "fair_value": 29.899043, "relative_strength": 29.24645, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.631346, "energy": 93.719285, "activity_lines": [ 45.813739, 41.787531, 37.840334, 35.894594 ] }, { "date": "2024-07-19", "close": 51.896656, "volume": 15155000, "typical_volume": 2554900.0, "trend": 34.386213, "fair_value": 30.08417, "relative_strength": 36.260055, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.391037, "energy": 92.530436, "activity_lines": [ 48.713661, 44.178208, 39.399674, 37.072293 ] }, { "date": "2024-07-26", "close": 51.896656, "volume": 6192000, "typical_volume": 2841300.0, "trend": 35.16494, "fair_value": 30.271371, "relative_strength": 39.727677, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.110651, "energy": 89.427799, "activity_lines": [ 50.594521, 46.216331, 40.858153, 38.201999 ] }, { "date": "2024-08-02", "close": 65.484146, "volume": 20715000, "typical_volume": 3858100.0, "trend": 36.311767, "fair_value": 30.547487, "relative_strength": 77.484778, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.111979, "energy": 93.875701, "activity_lines": [ 56.174199, 50.352624, 43.514577, 40.158077 ] }, { "date": "2024-08-09", "close": 53.595089, "volume": 21301000, "typical_volume": 4704650.0, "trend": 37.091069, "fair_value": 30.747391, "relative_strength": 45.048315, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.667282, "energy": 63.450243, "activity_lines": [ 56.035807, 51.75083, 44.877475, 41.27313 ] }, { "date": "2024-08-16", "close": 67.560013, "volume": 17877000, "typical_volume": 5408100.0, "trend": 38.323752, "fair_value": 31.022453, "relative_strength": 73.008676, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.312817, "energy": 70.419288, "activity_lines": [ 60.288188, 55.339849, 47.473533, 43.238868 ] }, { "date": "2024-08-23", "close": 79.637779, "volume": 33379000, "typical_volume": 7048750.0, "trend": 39.942366, "fair_value": 31.376281, "relative_strength": 101.391933, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.43401, "energy": 76.0231, "activity_lines": [ 67.471944, 60.611863, 51.064962, 45.904289 ] }, { "date": "2024-08-30", "close": 80.659805, "volume": 2490000, "typical_volume": 7148850.0, "trend": 41.640486, "fair_value": 31.713012, "relative_strength": 98.696461, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.792484, "energy": 76.760838, "activity_lines": [ 73.146967, 65.287391, 54.538501, 48.531221 ] }, { "date": "2024-09-06", "close": 69.682434, "volume": 3215000, "typical_volume": 7290550.0, "trend": 42.975722, "fair_value": 31.949277, "relative_strength": 75.338849, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.127395, "energy": 76.748948, "activity_lines": [ 73.245323, 67.217608, 56.74244, 50.340379 ] }, { "date": "2024-09-13", "close": 91.732628, "volume": 49656000, "typical_volume": 9747350.0, "trend": 45.059596, "fair_value": 32.33092, "relative_strength": 121.393758, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.397431, "energy": 85.081822, "activity_lines": [ 80.413857, 72.601968, 60.859484, 53.485986 ] }, { "date": "2024-09-20", "close": 109.296417, "volume": 56001000, "typical_volume": 12532350.0, "trend": 47.730445, "fair_value": 32.86573, "relative_strength": 150.819246, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.083042, "energy": 89.062383, "activity_lines": [ 90.894486, 80.414281, 66.359599, 57.630297 ] }, { "date": "2024-09-27", "close": 107.864594, "volume": 61794000, "typical_volume": 15594750.0, "trend": 50.30207, "fair_value": 33.390825, "relative_strength": 133.35126, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.758059, "energy": 77.922096, "activity_lines": [ 98.115413, 86.908904, 71.351842, 61.509919 ] }, { "date": "2024-10-04", "close": 100.228157, "volume": 24290000, "typical_volume": 16779200.0, "trend": 52.585826, "fair_value": 33.864012, "relative_strength": 116.130231, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.644351, "energy": 81.007175, "activity_lines": [ 100.909073, 90.997486, 75.257955, 64.730957 ] }, { "date": "2024-10-11", "close": 92.496277, "volume": 18871000, "typical_volume": 17668800.0, "trend": 54.614882, "fair_value": 34.29516, "relative_strength": 89.97516, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.586401, "energy": 65.385513, "activity_lines": [ 99.820884, 92.801518, 78.100046, 67.305825 ] }, { "date": "2024-10-18", "close": 93.069008, "volume": 23156000, "typical_volume": 18770450.0, "trend": 56.608504, "fair_value": 34.723798, "relative_strength": 82.44566, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.519776, "energy": 58.176452, "activity_lines": [ 97.402682, 94.218552, 80.717082, 69.786736 ] }, { "date": "2024-10-25", "close": 88.678062, "volume": 7307000, "typical_volume": 18913900.0, "trend": 58.396692, "fair_value": 35.122946, "relative_strength": 71.608062, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.062497, "energy": 42.55561, "activity_lines": [ 93.431739, 94.119525, 82.636748, 71.85574 ] }, { "date": "2024-11-01", "close": 80.182526, "volume": 5016000, "typical_volume": 19104750.0, "trend": 59.921426, "fair_value": 35.452318, "relative_strength": 56.542716, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.774541, "energy": 28.948368, "activity_lines": [ 88.003508, 92.09189, 83.512407, 73.261278 ] }, { "date": "2024-11-08", "close": 75.505203, "volume": 4363000, "typical_volume": 19172450.0, "trend": 61.318556, "fair_value": 35.761918, "relative_strength": 40.664513, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.120476, "energy": 25.83807, "activity_lines": [ 82.86164, 89.203929, 83.735122, 74.266683 ] }, { "date": "2024-11-15", "close": 69.396057, "volume": 4237000, "typical_volume": 19343350.0, "trend": 62.617415, "fair_value": 36.031283, "relative_strength": 32.248067, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.543878, "energy": 23.516213, "activity_lines": [ 77.331587, 85.298934, 83.204281, 74.787812 ] }, { "date": "2024-11-22", "close": 71.496094, "volume": 3195860, "typical_volume": 19424693.0, "trend": 63.970548, "fair_value": 36.311959, "relative_strength": 33.57254, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.38256, "energy": 21.884557, "activity_lines": [ 74.041561, 81.78097, 82.729455, 75.36063 ] }, { "date": "2024-11-29", "close": 84.096191, "volume": 58089000, "typical_volume": 21814993.0, "trend": 65.731103, "fair_value": 36.676361, "relative_strength": 58.749748, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.179866, "energy": 18.985864, "activity_lines": [ 76.389762, 80.92187, 83.350524, 76.659058 ] }, { "date": "2024-12-06", "close": 77.700684, "volume": 7205000, "typical_volume": 21417493.0, "trend": 67.237587, "fair_value": 36.999229, "relative_strength": 38.812077, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.027669, "energy": 15.35116, "activity_lines": [ 76.911586, 79.358137, 83.205571, 77.431289 ] }, { "date": "2024-12-13", "close": 69.396057, "volume": 3046000, "typical_volume": 21260193.0, "trend": 68.50342, "fair_value": 37.26295, "relative_strength": 23.508378, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.820542, "energy": 12.549237, "activity_lines": [ 74.830656, 76.832906, 82.146825, 77.570545 ] }, { "date": "2024-12-20", "close": 67.964241, "volume": 3551000, "typical_volume": 20401993.0, "trend": 69.642894, "fair_value": 37.522061, "relative_strength": 22.411114, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -6.735938, "energy": 15.899562, "activity_lines": [ 72.679731, 74.607929, 80.868385, 77.53576 ] }, { "date": "2024-12-27", "close": 71.018806, "volume": 11869000, "typical_volume": 19930393.0, "trend": 70.862171, "fair_value": 37.794572, "relative_strength": 22.314095, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -1.505837, "energy": 28.327652, "activity_lines": [ 71.642448, 73.384364, 79.869046, 77.624528 ] }, { "date": "2025-01-03", "close": 75.12339, "volume": 2469000, "typical_volume": 19159993.0, "trend": 72.054714, "fair_value": 38.074852, "relative_strength": 29.95025, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -16.627048, "energy": 31.630367, "activity_lines": [ 72.00518, 73.308, 79.177649, 77.899446 ] }, { "date": "2025-01-10", "close": 66.150589, "volume": 4896000, "typical_volume": 17735843.0, "trend": 73.039376, "fair_value": 38.296807, "relative_strength": 12.924915, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.437322, "energy": 37.178128, "activity_lines": [ 69.975164, 71.846667, 77.595684, 77.518534 ] }, { "date": "2025-01-17", "close": 60.423264, "volume": 1963000, "typical_volume": 17709493.0, "trend": 73.738769, "fair_value": 38.482049, "relative_strength": 1.863046, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.931894, "energy": 52.901464, "activity_lines": [ 66.806047, 69.599127, 75.532485, 76.704592 ] }, { "date": "2025-01-24", "close": 62.046005, "volume": 580000, "typical_volume": 17577743.0, "trend": 74.50169, "fair_value": 38.682799, "relative_strength": 2.222699, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.356863, "energy": 57.076998, "activity_lines": [ 64.776029, 67.920848, 73.720196, 75.95022 ] }, { "date": "2025-02-07", "close": 68.250603, "volume": 2288412, "typical_volume": 15209363.6, "trend": 75.122308, "fair_value": 38.921442, "relative_strength": 11.621152, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.619622, "energy": 54.426547, "activity_lines": [ 65.20876, 67.504316, 72.535186, 75.546924 ] }, { "date": "2025-02-14", "close": 64.241486, "volume": 4233505, "typical_volume": 12620988.85, "trend": 75.558964, "fair_value": 39.134384, "relative_strength": 5.654703, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.148016, "energy": 62.745483, "activity_lines": [ 64.489665, 66.417862, 71.080174, 74.844935 ] }, { "date": "2025-02-21", "close": 66.150589, "volume": 2129326, "typical_volume": 9637755.15, "trend": 76.034095, "fair_value": 39.361983, "relative_strength": 5.20831, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.827882, "energy": 42.950589, "activity_lines": [ 65.132398, 66.039512, 70.021529, 74.237943 ] }, { "date": "2025-02-28", "close": 64.623291, "volume": 688150, "typical_volume": 8457662.65, "trend": 76.458316, "fair_value": 39.578448, "relative_strength": 4.839926, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.84175, "energy": 37.984059, "activity_lines": [ 65.266032, 65.593474, 69.016064, 73.501762 ] }, { "date": "2025-03-07", "close": 62.714188, "volume": 1719897, "typical_volume": 7600107.5, "trend": 76.365984, "fair_value": 39.785094, "relative_strength": 3.036382, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.92406, "energy": 47.913907, "activity_lines": [ 64.483296, 64.887103, 67.998328, 72.615044 ] }, { "date": "2025-03-14", "close": 60.805084, "volume": 1503585, "typical_volume": 6517486.75, "trend": 76.606317, "fair_value": 39.989713, "relative_strength": 1.818752, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.241977, "energy": 52.744875, "activity_lines": [ 63.019647, 63.929078, 66.940592, 71.611115 ] }, { "date": "2025-03-21", "close": 59.564163, "volume": 753123, "typical_volume": 6189792.9, "trend": 76.339789, "fair_value": 40.196053, "relative_strength": -2.0865, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.733499, "energy": 67.500345, "activity_lines": [ 61.638726, 62.931135, 65.91831, 70.511622 ] }, { "date": "2025-03-28", "close": 55.364128, "volume": 738288, "typical_volume": 5975907.3, "trend": 75.530667, "fair_value": 40.371707, "relative_strength": -7.036329, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.058808, "energy": 79.910071, "activity_lines": [ 59.169614, 61.452445, 64.634662, 69.158353 ] }, { "date": "2025-04-04", "close": 54.425697, "volume": 731128, "typical_volume": 5794313.7, "trend": 74.656197, "fair_value": 40.534627, "relative_strength": -7.837877, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.762163, "energy": 84.667426, "activity_lines": [ 57.106789, 59.999248, 63.379824, 67.796742 ] }, { "date": "2025-04-11", "close": 45.129982, "volume": 1614131, "typical_volume": 5663170.25, "trend": 73.837782, "fair_value": 40.635271, "relative_strength": -17.009948, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.321682, "energy": 93.260474, "activity_lines": [ 52.625233, 56.964967, 61.340057, 65.891825 ] }, { "date": "2025-04-18", "close": 47.201046, "volume": 877740, "typical_volume": 5547264.25, "trend": 72.353396, "fair_value": 40.743717, "relative_strength": -13.091336, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.517128, "energy": 91.262434, "activity_lines": [ 50.006311, 54.614808, 59.613087, 64.173326 ] }, { "date": "2025-04-25", "close": 47.971676, "volume": 474766, "typical_volume": 2666552.55, "trend": 70.309238, "fair_value": 40.857943, "relative_strength": -14.299192, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.706318, "energy": 87.87932, "activity_lines": [ 48.551202, 52.787483, 58.075202, 62.600312 ] }, { "date": "2025-05-02", "close": 50.283566, "volume": 2208309, "typical_volume": 2416718.0, "trend": 68.38987, "fair_value": 40.992592, "relative_strength": -14.637343, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.207239, "energy": 74.701961, "activity_lines": [ 48.639556, 51.676316, 56.929518, 61.308333 ] }, { "date": "2025-05-09", "close": 46.334091, "volume": 646490, "typical_volume": 2296742.5, "trend": 66.593401, "fair_value": 41.113688, "relative_strength": -22.178626, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.791361, "energy": 66.657365, "activity_lines": [ 47.750121, 50.135554, 55.538251, 59.885379 ] }, { "date": "2025-05-16", "close": 45.563461, "volume": 1782239, "typical_volume": 2208304.45, "trend": 65.028974, "fair_value": 41.22088, "relative_strength": -26.981016, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.822816, "energy": 64.259468, "activity_lines": [ 47.143251, 48.787208, 54.18341, 58.528609 ] }, { "date": "2025-05-23", "close": 45.852444, "volume": 567315, "typical_volume": 1643220.2, "trend": 63.455089, "fair_value": 41.326004, "relative_strength": -26.186008, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.477918, "energy": 60.341794, "activity_lines": [ 46.60381, 47.803236, 52.962761, 57.291414 ] }, { "date": "2025-05-30", "close": 43.829544, "volume": 619510, "typical_volume": 1550745.7, "trend": 61.960138, "fair_value": 41.414798, "relative_strength": -28.667359, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.470337, "energy": 61.796023, "activity_lines": [ 45.479975, 46.723331, 51.669295, 56.025249 ] }, { "date": "2025-06-06", "close": 42.866257, "volume": 702017, "typical_volume": 1341046.55, "trend": 60.716263, "fair_value": 41.500219, "relative_strength": -31.405913, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.478266, "energy": 61.190313, "activity_lines": [ 44.311187, 45.754366, 50.433106, 54.793386 ] }, { "date": "2025-06-13", "close": 41.180508, "volume": 793267, "typical_volume": 1282559.9, "trend": 59.572106, "fair_value": 41.570632, "relative_strength": -35.362524, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.594806, "energy": 64.290116, "activity_lines": [ 43.07497, 44.706135, 49.147247, 53.533015 ] }, { "date": "2025-06-20", "close": 40.072723, "volume": 518100, "typical_volume": 1279464.9, "trend": 58.594662, "fair_value": 41.635624, "relative_strength": -37.103689, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.084066, "energy": 66.862279, "activity_lines": [ 41.813063, 43.697311, 47.847516, 52.27499 ] }, { "date": "2025-06-27", "close": 39.687412, "volume": 598140, "typical_volume": 1194951.3, "trend": 57.534372, "fair_value": 41.710472, "relative_strength": -39.207402, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.378613, "energy": 69.243691, "activity_lines": [ 40.788769, 42.71038, 46.615725, 51.055168 ] }, { "date": "2025-07-04", "close": 38.820454, "volume": 1317232, "typical_volume": 1049137.65, "trend": 56.025181, "fair_value": 41.7736, "relative_strength": -40.458013, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.262788, "energy": 67.816156, "activity_lines": [ 39.886491, 41.702432, 45.437381, 49.847818 ] }, { "date": "2025-07-11", "close": 38.916786, "volume": 465054, "typical_volume": 965924.05, "trend": 54.732384, "fair_value": 41.856953, "relative_strength": -40.687886, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.561814, "energy": 78.062399, "activity_lines": [ 39.350262, 40.878385, 44.389264, 48.744051 ] }, { "date": "2025-07-18", "close": 39.302097, "volume": 550000, "typical_volume": 959016.55, "trend": 53.729252, "fair_value": 41.934374, "relative_strength": -41.54152, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.09729, "energy": 71.875358, "activity_lines": [ 39.205769, 40.331063, 43.507528, 47.748548 ] }, { "date": "2025-07-25", "close": 38.627796, "volume": 548020, "typical_volume": 900422.7, "trend": 52.751371, "fair_value": 42.00523, "relative_strength": -42.260482, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.617879, "energy": 63.897364, "activity_lines": [ 38.961736, 39.788995, 42.682149, 46.774261 ] }, { "date": "2025-08-01", "close": 37.712676, "volume": 579528, "typical_volume": 854219.85, "trend": 51.641167, "fair_value": 42.052013, "relative_strength": -43.5172, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.99598, "energy": 68.527308, "activity_lines": [ 38.508992, 39.206645, 41.884314, 45.804022 ] }, { "date": "2025-08-08", "close": 43.829544, "volume": 4060079, "typical_volume": 1019567.65, "trend": 50.598038, "fair_value": 42.141648, "relative_strength": -35.435987, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.295526, "energy": 43.662931, "activity_lines": [ 40.226853, 39.884448, 41.779002, 45.300047 ] }, { "date": "2025-08-15", "close": 44.696507, "volume": 1769285, "typical_volume": 1071117.5, "trend": 49.882902, "fair_value": 42.235439, "relative_strength": -34.713308, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.931762, "energy": 29.150406, "activity_lines": [ 41.899762, 40.719881, 41.831184, 44.919303 ] }, { "date": "2025-08-22", "close": 41.739895, "volume": 920305, "typical_volume": 1080576.35, "trend": 49.260123, "fair_value": 42.307477, "relative_strength": -37.02437, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.71187, "energy": 24.094449, "activity_lines": [ 42.201819, 40.984471, 41.652582, 44.393947 ] }, { "date": "2025-08-29", "close": 43.493267, "volume": 779200, "typical_volume": 1038829.8, "trend": 48.641699, "fair_value": 42.394116, "relative_strength": -34.839542, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.020883, "energy": 26.84198, "activity_lines": [ 42.925813, 41.557685, 41.701377, 44.021892 ] }, { "date": "2025-09-05", "close": 40.327461, "volume": 529080, "typical_volume": 1021396.8, "trend": 47.710927, "fair_value": 42.466343, "relative_strength": -39.391339, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.227846, "energy": 19.411495, "activity_lines": [ 42.270174, 41.493107, 41.45646, 43.48549 ] }, { "date": "2025-09-12", "close": 38.720207, "volume": 497241, "typical_volume": 1022520.55, "trend": 46.860218, "fair_value": 42.530509, "relative_strength": -43.351549, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -52.898838, "energy": 31.208612, "activity_lines": [ 40.904465, 41.124663, 41.091203, 42.905443 ] }, { "date": "2025-09-19", "close": 38.768909, "volume": 406053, "typical_volume": 932407.75, "trend": 45.947495, "fair_value": 42.60087, "relative_strength": -42.395558, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.037341, "energy": 39.245501, "activity_lines": [ 39.895612, 40.766897, 40.774638, 42.383423 ] }, { "date": "2025-09-26", "close": 36.820724, "volume": 364410, "typical_volume": 918303.75, "trend": 45.020743, "fair_value": 42.6537, "relative_strength": -43.861294, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.926359, "energy": 60.298693, "activity_lines": [ 38.632538, 40.057603, 40.327364, 41.794599 ] }, { "date": "2025-10-03", "close": 47.389637, "volume": 5970207, "typical_volume": 1127702.15, "trend": 44.509925, "fair_value": 42.773999, "relative_strength": -29.36974, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -10.408193, "energy": 12.284862, "activity_lines": [ 41.220379, 41.315047, 40.931955, 41.947431 ] }, { "date": "2025-10-10", "close": 43.347149, "volume": 2601091, "typical_volume": 1229390.95, "trend": 43.927994, "fair_value": 42.868665, "relative_strength": -35.230748, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.239178, "energy": 7.853713, "activity_lines": [ 42.200966, 41.678186, 41.142851, 41.872413 ] }, { "date": "2025-10-17", "close": 42.178238, "volume": 1400099, "typical_volume": 1268420.4, "trend": 43.348463, "fair_value": 42.949396, "relative_strength": -35.720707, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.652206, "energy": 13.679185, "activity_lines": [ 42.590604, 41.726351, 41.254352, 41.759526 ] }, { "date": "2025-10-24", "close": 40.327461, "volume": 489082, "typical_volume": 1257773.65, "trend": 42.84724, "fair_value": 43.021063, "relative_strength": -37.811519, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.960904, "energy": 17.610878, "activity_lines": [ 42.13278, 41.468035, 41.197452, 41.564623 ] }, { "date": "2025-10-31", "close": 39.645596, "volume": 399000, "typical_volume": 1238060.3, "trend": 42.35457, "fair_value": 43.092001, "relative_strength": -39.19268, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.759892, "energy": 11.121416, "activity_lines": [ 41.343765, 41.165181, 41.087702, 41.358065 ] }, { "date": "2025-11-07", "close": 39.012436, "volume": 459100, "typical_volume": 1235110.3, "trend": 42.150652, "fair_value": 43.15776, "relative_strength": -37.812327, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.558921, "energy": 27.36284, "activity_lines": [ 40.155371, 40.785285, 40.92496, 41.142443 ] }, { "date": "2025-11-14", "close": 39.499481, "volume": 2294189, "typical_volume": 1319912.75, "trend": 41.893933, "fair_value": 43.2244, "relative_strength": -35.487854, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.682106, "energy": 28.839423, "activity_lines": [ 39.687806, 40.575412, 40.813652, 40.9714 ] }, { "date": "2025-11-21", "close": 37.112953, "volume": 726051, "typical_volume": 1290353.7, "trend": 41.531976, "fair_value": 43.253332, "relative_strength": -36.275135, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.776423, "energy": 46.521085, "activity_lines": [ 38.681243, 39.946679, 40.475951, 40.66295 ] }, { "date": "2025-11-28", "close": 39.450775, "volume": 541015, "typical_volume": 1294151.75, "trend": 41.170883, "fair_value": 43.306775, "relative_strength": -34.210051, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.101489, "energy": 44.263825, "activity_lines": [ 38.79164, 39.772227, 40.36903, 40.528679 ] }, { "date": "2025-12-05", "close": 38.720207, "volume": 358146, "typical_volume": 1284559.05, "trend": 40.917087, "fair_value": 43.342088, "relative_strength": -34.864896, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.203465, "energy": 35.431608, "activity_lines": [ 38.716959, 39.452548, 40.189989, 40.37057 ] }, { "date": "2025-12-12", "close": 38.817616, "volume": 249200, "typical_volume": 1269618.05, "trend": 40.692225, "fair_value": 43.384748, "relative_strength": -34.025271, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.839017, "energy": 31.155409, "activity_lines": [ 38.736441, 39.116043, 40.022995, 40.235121 ] }, { "date": "2025-12-19", "close": 38.671505, "volume": 151000, "typical_volume": 1248191.65, "trend": 40.452861, "fair_value": 43.442159, "relative_strength": -32.06993, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.562158, "energy": 24.106705, "activity_lines": [ 38.720208, 38.908827, 39.841183, 40.104752 ] }, { "date": "2025-12-26", "close": 38.96373, "volume": 194015, "typical_volume": 1054888.45, "trend": 40.290667, "fair_value": 43.500043, "relative_strength": -32.573159, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.385934, "energy": 19.735925, "activity_lines": [ 38.85658, 38.839755, 39.682635, 40.008679 ] }, { "date": "2026-01-02", "close": 41.886009, "volume": 674410, "typical_volume": 1000144.7, "trend": 40.257992, "fair_value": 43.563493, "relative_strength": -28.371031, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.512895, "energy": 8.623436, "activity_lines": [ 39.843661, 39.360452, 39.825571, 40.111604 ] }, { "date": "2026-01-09", "close": 41.447666, "volume": 1422794, "typical_volume": 1025269.15, "trend": 40.266897, "fair_value": 43.61657, "relative_strength": -30.027767, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.76853, "energy": 8.795014, "activity_lines": [ 40.522279, 39.773113, 39.940143, 40.188357 ] }, { "date": "2026-01-16", "close": 45.003109, "volume": 1540122, "typical_volume": 1063315.25, "trend": 40.431243, "fair_value": 43.692158, "relative_strength": -25.680279, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 43.11996, "energy": 43.478439, "activity_lines": [ 42.204213, 40.799453, 40.394719, 40.493919 ] }, { "date": "2026-01-23", "close": 44.303532, "volume": 1392572, "typical_volume": 1106489.85, "trend": 40.585114, "fair_value": 43.764663, "relative_strength": -27.21226, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 65.364276, "energy": 63.952151, "activity_lines": [ 43.240589, 41.589676, 40.77548, 40.743744 ] }, { "date": "2026-01-30", "close": 40.473576, "volume": 1031331, "typical_volume": 1133194.35, "trend": 40.640218, "fair_value": 43.811215, "relative_strength": -32.783265, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.60456, "energy": 49.568582, "activity_lines": [ 42.624845, 41.596197, 40.77255, 40.736548 ] }, { "date": "2026-02-06", "close": 38.574093, "volume": 634118, "typical_volume": 1144597.6, "trend": 40.628795, "fair_value": 43.848393, "relative_strength": -34.231368, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -3.970672, "energy": 10.283819, "activity_lines": [ 41.275283, 41.196255, 40.580367, 40.60325 ] }, { "date": "2026-02-13", "close": 38.476685, "volume": 188029, "typical_volume": 1135778.55, "trend": 40.601281, "fair_value": 43.879064, "relative_strength": -36.883811, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.210405, "energy": 16.019046, "activity_lines": [ 40.114047, 40.794543, 40.379834, 40.464404 ] }, { "date": "2026-02-27", "close": 39.304661, "volume": 618404, "typical_volume": 868188.4, "trend": 40.623843, "fair_value": 43.931289, "relative_strength": -37.710729, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -39.546151, "energy": 31.330545, "activity_lines": [ 39.426867, 40.547799, 40.250271, 40.380751 ] }, { "date": "2026-03-06", "close": 38.574093, "volume": 1056616, "typical_volume": 790964.65, "trend": 40.652557, "fair_value": 43.971829, "relative_strength": -34.394365, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -46.086379, "energy": 35.232816, "activity_lines": [ 38.876062, 40.159369, 40.08963, 40.248509 ] }, { "date": "2026-03-13", "close": 37.453888, "volume": 798081, "typical_volume": 760863.75, "trend": 40.440036, "fair_value": 44.003787, "relative_strength": -34.73145, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -63.364605, "energy": 54.195193, "activity_lines": [ 38.333817, 39.569037, 39.845032, 40.042143 ] }, { "date": "2026-03-20", "close": 38.233162, "volume": 1422325, "typical_volume": 807525.9, "trend": 40.224591, "fair_value": 44.04242, "relative_strength": -32.427184, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.427057, "energy": 46.444244, "activity_lines": [ 38.252643, 39.147843, 39.697147, 39.899765 ] }, { "date": "2026-03-27", "close": 37.892231, "volume": 718821, "typical_volume": 823516.95, "trend": 40.096335, "fair_value": 44.08083, "relative_strength": -30.946929, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.017271, "energy": 40.509259, "activity_lines": [ 38.080554, 38.731076, 39.526765, 39.74929 ] }, { "date": "2026-04-03", "close": 37.50259, "volume": 403039, "typical_volume": 820713.9, "trend": 39.896646, "fair_value": 44.11422, "relative_strength": -29.366732, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.220359, "energy": 37.868276, "activity_lines": [ 37.817549, 38.30811, 39.327624, 39.581951 ] }, { "date": "2026-04-10", "close": 39.349998, "volume": 717183, "typical_volume": 741863.6, "trend": 39.864064, "fair_value": 44.157212, "relative_strength": -30.659767, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.052501, "energy": 26.611819, "activity_lines": [ 38.290484, 38.35741, 39.311617, 39.546684 ] }, { "date": "2026-04-17", "close": 45.650002, "volume": 1529172, "typical_volume": 782019.65, "trend": 40.095057, "fair_value": 44.238348, "relative_strength": -21.581065, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.802424, "energy": 16.111776, "activity_lines": [ 40.811693, 39.642229, 39.896321, 39.91997 ] }, { "date": "2026-04-24", "close": 54.599998, "volume": 12616143, "typical_volume": 1385776.05, "trend": 40.62276, "fair_value": 44.377179, "relative_strength": -10.207447, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.590253, "energy": 76.704677, "activity_lines": [ 45.769827, 42.460203, 41.292754, 40.855773 ] }, { "date": "2026-05-01", "close": 59.0, "volume": 5767748, "typical_volume": 1656256.15, "trend": 41.362069, "fair_value": 44.562857, "relative_strength": -1.871711, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.033454, "energy": 91.491571, "activity_lines": [ 51.103506, 45.786797, 43.036095, 42.041401 ] }, { "date": "2026-05-08", "close": 72.199997, "volume": 14670691, "typical_volume": 2377330.7, "trend": 42.189081, "fair_value": 44.836936, "relative_strength": 13.319161, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.815006, "energy": 97.377694, "activity_lines": [ 59.429999, 51.14024, 45.940008, 44.030945 ] }, { "date": "2026-05-15", "close": 65.199997, "volume": 5633868, "typical_volume": 2651474.1, "trend": 42.91751, "fair_value": 45.063523, "relative_strength": 4.232119, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.35745, "energy": 91.394823, "activity_lines": [ 63.109998, 54.622858, 48.018291, 45.51552 ] }, { "date": "2026-05-22", "close": 66.800003, "volume": 2665799, "typical_volume": 2775063.3, "trend": 43.738235, "fair_value": 45.307065, "relative_strength": 4.691777, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.129325, "energy": 90.480641, "activity_lines": [ 65.599999, 57.912279, 50.122629, 47.056326 ] }, { "date": "2026-05-29", "close": 77.599998, "volume": 25766424, "typical_volume": 4029664.0, "trend": 44.980653, "fair_value": 45.623333, "relative_strength": 15.479672, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.072459, "energy": 94.328329, "activity_lines": [ 70.279999, 62.63177, 53.122985, 49.240956 ] }, { "date": "2026-06-05", "close": 64.400002, "volume": 5070590, "typical_volume": 4212053.8, "trend": 45.8058, "fair_value": 45.856733, "relative_strength": -4.116153, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.868372, "energy": 64.967402, "activity_lines": [ 69.026667, 64.235501, 54.696131, 50.493817 ] }, { "date": "2026-06-12", "close": 62.599998, "volume": 2085299, "typical_volume": 4239312.65, "trend": 46.592052, "fair_value": 46.073934, "relative_strength": -4.198539, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.655207, "energy": 56.624267, "activity_lines": [ 66.813333, 65.029999, 55.988552, 51.577314 ] }, { "date": "2026-06-19", "close": 68.199997, "volume": 1777305, "typical_volume": 4258549.3, "trend": 47.548736, "fair_value": 46.320334, "relative_strength": -0.270325, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.23777, "energy": 53.332283, "activity_lines": [ 67.106665, 66.386363, 57.730511, 52.971375 ] }, { "date": "2026-06-26", "close": 61.0, "volume": 1696274, "typical_volume": 4291796.45, "trend": 48.344971, "fair_value": 46.522618, "relative_strength": -6.460704, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.858347, "energy": 33.566804, "activity_lines": [ 64.799999, 65.90909, 58.672964, 53.839198 ] }, { "date": "2026-07-03", "close": 63.099998, "volume": 835181, "typical_volume": 4301849.6, "trend": 49.133278, "fair_value": 46.735743, "relative_strength": -7.311224, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.18312, "energy": 28.692974, "activity_lines": [ 63.579999, 65.534544, 59.717671, 54.791136 ] }, { "date": "2026-07-10", "close": 60.599998, "volume": 828109, "typical_volume": 4333853.6, "trend": 49.862604, "fair_value": 46.933425, "relative_strength": -7.71449, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.426876, "energy": 24.35427, "activity_lines": [ 62.493332, 64.550908, 60.407494, 55.530924 ] }, { "date": "2026-07-17", "close": 53.599998, "volume": 1155279, "typical_volume": 4360697.35, "trend": 50.35535, "fair_value": 47.091186, "relative_strength": -12.71474, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.183024, "energy": 19.205205, "activity_lines": [ 59.326665, 62.265453, 60.3253, 55.772046 ] }, { "date": "2026-07-24", "close": 51.599998, "volume": 623206, "typical_volume": 4339026.85, "trend": 50.7863, "fair_value": 47.235836, "relative_strength": -17.313728, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.505576, "energy": 13.746341, "activity_lines": [ 56.093331, 59.954544, 59.984557, 55.852346 ] }, { "date": "2026-07-31", "close": 46.599998, "volume": 726021, "typical_volume": 4335423.85, "trend": 51.040843, "fair_value": 47.349017, "relative_strength": -23.812461, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -12.530527, "energy": 25.747307, "activity_lines": [ 52.299998, 56.981816, 59.105596, 55.582262 ] }, { "date": "2026-08-07", "close": 59.299999, "volume": 1552214, "typical_volume": 4341918.3, "trend": 51.621309, "fair_value": 47.548268, "relative_strength": -5.128529, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.520356, "energy": 19.975437, "activity_lines": [ 53.699998, 56.685453, 59.392605, 56.115111 ] }, { "date": "2026-08-14", "close": 60.5, "volume": 1376229, "typical_volume": 4374788.7, "trend": 52.256387, "fair_value": 47.755212, "relative_strength": -5.912569, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.194477, "energy": 15.178464, "activity_lines": [ 55.753332, 56.939999, 59.693583, 56.687929 ] } ], "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." } } }