{ "ticker": { "uuid": "0ec3abf2-d496-4997-a9d8-328c1058fdf2", "symbol": "1201", "name": "Wei Chuan Foods Corporation", "exchange": "TAI", "country": "TW", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-14", "benchmark": "^TWII", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 94.829, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -41.893, "architecture_energy": 28.719, "architecture_maturity": 100.0, "architecture_confidence": 56.028, "architecture_tenure": "Extended", "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": 39.41, "rotation_up": 23.78, "upward_expansion": 14.24, "deceleration": 65.22, "rotation_down": 40.53, "downward_expansion": 64.24 }, "activity_lines": [ 12.219389, 12.253451, 12.248143, 12.484714 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 12.2, "trend_reference": 12.909617, "distance_from_trend": -0.054968, "trend_direction": "Weakening", "fair_value": 16.009014, "distance_from_fair_value": -0.237929, "fair_value_direction": "Improving", "relative_strength": -38.178744, "relative_strength_direction": "Improving", "price_momentum": -0.141457, "excess_performance": -0.582829, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.054968, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.055572, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.237929, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.046224, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.381787, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.079393, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.141457, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 2.71532, "read": "Demand-led" } ], "volume": { "latest": 1101426, "relative_activity": 0.521801, "balance": 2.71532, "dry_up": 0.886829, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.031696, "annualized_volatility": 0.129803, "from_high_reference": -0.214813, "from_low_reference": 0.042517 }, "levels": { "trend_reference": 12.909617, "fair_value_reference": 16.009014, "structural_low": 11.70245, "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": 39, "median_return": -0.004, "positive_rate": 0.333333, "directional_follow_through": 0.615385, "median_excess_return": -0.020629, "regime_survival": 0.820513, "best_return": 0.077647, "worst_return": -0.100746, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 14, "median_return": -0.023226, "positive_rate": 0.142857, "directional_follow_through": 0.857143, "median_excess_return": -0.071355, "regime_survival": 0.714286, "best_return": 0.044706, "worst_return": -0.150685, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": -0.040258, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.107356, "regime_survival": 0.5, "best_return": 0.03599, "worst_return": -0.157242, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.035016, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.296179, "regime_survival": 0.75, "best_return": -0.004555, "worst_return": -0.14073, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-02-10", "end": "2023-03-03", "tenure": "New", "return": 0.037037, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-03-10", "end": "2023-03-31", "tenure": "New", "return": -0.036144, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-04-07", "end": "2023-05-19", "tenure": "Developing", "return": 0.022556, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-05-26", "end": "2023-07-07", "tenure": "Developing", "return": -0.029197, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-07-14", "end": "2023-08-18", "tenure": "Developing", "return": -0.023617, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-08-25", "end": "2023-12-01", "tenure": "Established", "return": 0.023684, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-12-08", "end": "2023-12-29", "tenure": "New", "return": -0.015504, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-01-05", "end": "2024-07-19", "tenure": "Extended", "return": -0.026316, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-07-26", "end": "2024-11-29", "tenure": "Established", "return": 0.0, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-06", "end": "2024-12-20", "tenure": "New", "return": -0.030055, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-27", "end": "2025-02-28", "tenure": "Developing", "return": 0.008357, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-03-07", "end": "2025-03-14", "tenure": "New", "return": 0.0, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-21", "end": "2025-04-04", "tenure": "New", "return": -0.013966, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2026-08-14", "tenure": "Extended", "return": -0.228546, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 18.216021, "volume": 1692142, "typical_volume": 2152092.75, "trend": 18.651309, "fair_value": 18.814377, "relative_strength": -8.60856, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -40.784983, "energy": 38.786764, "activity_lines": [ 18.435865, 18.523861, 18.642718, 18.677826 ] }, { "date": "2023-08-18", "close": 17.93433, "volume": 1883799, "typical_volume": 2167652.6, "trend": 18.666226, "fair_value": 18.815662, "relative_strength": -8.64891, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -77.29641, "energy": 64.308886, "activity_lines": [ 18.26297, 18.39932, 18.572877, 18.631569 ] }, { "date": "2023-08-25", "close": 17.840435, "volume": 1362860, "typical_volume": 2210120.95, "trend": 18.67492, "fair_value": 18.816911, "relative_strength": -9.507757, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.811215, "energy": 79.375343, "activity_lines": [ 18.087696, 18.275715, 18.497043, 18.578292 ] }, { "date": "2023-09-01", "close": 17.840435, "volume": 1347995, "typical_volume": 2197785.5, "trend": 18.666607, "fair_value": 18.814767, "relative_strength": -10.159298, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.007793, "energy": 80.744264, "activity_lines": [ 17.953111, 18.170138, 18.424384, 18.524455 ] }, { "date": "2023-09-08", "close": 17.605692, "volume": 1631688, "typical_volume": 2184805.45, "trend": 18.627277, "fair_value": 18.811401, "relative_strength": -10.663179, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.041945, "energy": 85.93815, "activity_lines": [ 17.799746, 18.039909, 18.333428, 18.456008 ] }, { "date": "2023-09-15", "close": 17.652637, "volume": 1245279, "typical_volume": 2174480.6, "trend": 18.577143, "fair_value": 18.807487, "relative_strength": -11.906337, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.091836, "energy": 81.98013, "activity_lines": [ 17.721497, 17.940511, 18.251236, 18.393128 ] }, { "date": "2023-09-22", "close": 17.324001, "volume": 1710354, "typical_volume": 2213906.5, "trend": 18.5176, "fair_value": 18.803164, "relative_strength": -10.184881, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.054517, "energy": 79.730895, "activity_lines": [ 17.571262, 17.7969, 18.142257, 18.312281 ] }, { "date": "2023-09-29", "close": 17.324001, "volume": 559062, "typical_volume": 2178700.75, "trend": 18.445688, "fair_value": 18.80082, "relative_strength": -9.875976, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.84963, "energy": 77.138386, "activity_lines": [ 17.461716, 17.672273, 18.039576, 18.235274 ] }, { "date": "2023-10-06", "close": 17.417894, "volume": 1153279, "typical_volume": 2074533.65, "trend": 18.384637, "fair_value": 18.797663, "relative_strength": -9.859961, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.431093, "energy": 68.670576, "activity_lines": [ 17.417896, 17.585204, 17.952134, 18.168965 ] }, { "date": "2023-10-13", "close": 17.417894, "volume": 1024089, "typical_volume": 1952027.1, "trend": 18.343686, "fair_value": 18.798466, "relative_strength": -10.858317, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.901473, "energy": 64.260358, "activity_lines": [ 17.402246, 17.522037, 17.871867, 18.106594 ] }, { "date": "2023-10-20", "close": 17.511793, "volume": 1510647, "typical_volume": 1923490.4, "trend": 18.30741, "fair_value": 18.799588, "relative_strength": -8.130749, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.883523, "energy": 55.012306, "activity_lines": [ 17.430415, 17.495575, 17.808381, 18.052924 ] }, { "date": "2023-10-27", "close": 17.464846, "volume": 913775, "typical_volume": 1875235.7, "trend": 18.271116, "fair_value": 18.797864, "relative_strength": -6.296574, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.648359, "energy": 49.211782, "activity_lines": [ 17.452325, 17.473381, 17.747594, 17.998565 ] }, { "date": "2023-11-03", "close": 17.464846, "volume": 966346, "typical_volume": 1782801.95, "trend": 18.236368, "fair_value": 18.797837, "relative_strength": -8.001315, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.478566, "energy": 40.783551, "activity_lines": [ 17.464845, 17.459723, 17.69376, 17.946547 ] }, { "date": "2023-11-10", "close": 17.558743, "volume": 1179206, "typical_volume": 1774906.1, "trend": 18.198565, "fair_value": 18.794452, "relative_strength": -8.086249, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.705447, "energy": 34.994648, "activity_lines": [ 17.499274, 17.469967, 17.655377, 17.90283 ] }, { "date": "2023-11-17", "close": 18.028227, "volume": 2365757, "typical_volume": 1729381.3, "trend": 18.182597, "fair_value": 18.796905, "relative_strength": -8.215433, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.287892, "energy": 17.298946, "activity_lines": [ 17.680809, 17.570693, 17.667771, 17.89184 ] }, { "date": "2023-11-24", "close": 18.122124, "volume": 1375205, "typical_volume": 1634571.05, "trend": 18.166666, "fair_value": 18.799395, "relative_strength": -7.922088, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.58338, "energy": 17.011803, "activity_lines": [ 17.852953, 17.680808, 17.692934, 17.887939 ] }, { "date": "2023-12-01", "close": 18.26297, "volume": 1203536, "typical_volume": 1555705.8, "trend": 18.153883, "fair_value": 18.798828, "relative_strength": -7.768408, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 14.866026, "energy": 29.997725, "activity_lines": [ 18.031357, 17.807996, 17.733346, 17.894152 ] }, { "date": "2023-12-08", "close": 18.169073, "volume": 1771442, "typical_volume": 1466154.05, "trend": 18.137971, "fair_value": 18.798508, "relative_strength": -7.734572, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 8.183771, "energy": 31.59457, "activity_lines": [ 18.125254, 17.90104, 17.765316, 17.895132 ] }, { "date": "2023-12-15", "close": 17.981277, "volume": 1371308, "typical_volume": 1376390.8, "trend": 18.106522, "fair_value": 18.794156, "relative_strength": -9.913571, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.294868, "energy": 33.405249, "activity_lines": [ 18.109604, 17.944573, 17.780741, 17.885023 ] }, { "date": "2023-12-22", "close": 17.887383, "volume": 1091186, "typical_volume": 1367947.75, "trend": 18.067305, "fair_value": 18.788353, "relative_strength": -9.673389, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": 2.033941, "energy": 28.460982, "activity_lines": [ 18.034487, 17.960792, 17.790802, 17.870884 ] }, { "date": "2023-12-29", "close": 17.887383, "volume": 987614, "typical_volume": 1332721.35, "trend": 18.029634, "fair_value": 18.786227, "relative_strength": -10.990703, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -4.90649, "energy": 9.978522, "activity_lines": [ 17.96876, 17.968475, 17.803769, 17.859277 ] }, { "date": "2024-01-05", "close": 17.840435, "volume": 544443, "typical_volume": 1265753.55, "trend": 17.99349, "fair_value": 18.781821, "relative_strength": -8.775598, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -20.419375, "energy": 15.786974, "activity_lines": [ 17.903032, 17.960793, 17.813829, 17.84707 ] }, { "date": "2024-01-12", "close": 17.699589, "volume": 989288, "typical_volume": 1247074.95, "trend": 17.955744, "fair_value": 18.771139, "relative_strength": -9.125604, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -36.710364, "energy": 24.333162, "activity_lines": [ 17.818525, 17.920673, 17.810923, 17.828109 ] }, { "date": "2024-01-19", "close": 17.324001, "volume": 1675304, "typical_volume": 1263440.4, "trend": 17.905479, "fair_value": 18.756069, "relative_strength": -11.597079, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -56.28752, "energy": 35.945556, "activity_lines": [ 17.640121, 17.807997, 17.772917, 17.787351 ] }, { "date": "2024-01-26", "close": 17.699589, "volume": 738210, "typical_volume": 1218766.5, "trend": 17.867732, "fair_value": 18.749063, "relative_strength": -10.954825, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.845687, "energy": 31.990096, "activity_lines": [ 17.630731, 17.767877, 17.773141, 17.774068 ] }, { "date": "2024-02-02", "close": 17.605692, "volume": 1144702, "typical_volume": 1213737.65, "trend": 17.837679, "fair_value": 18.743435, "relative_strength": -11.461021, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -40.306388, "energy": 30.350961, "activity_lines": [ 17.602562, 17.716661, 17.763975, 17.757162 ] }, { "date": "2024-02-09", "close": 17.464846, "volume": 324859, "typical_volume": 1144462.9, "trend": 17.80757, "fair_value": 18.741145, "relative_strength": -11.97558, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -48.981235, "energy": 41.859004, "activity_lines": [ 17.546224, 17.649226, 17.741619, 17.733108 ] }, { "date": "2024-02-16", "close": 17.511793, "volume": 573885, "typical_volume": 1145204.05, "trend": 17.776271, "fair_value": 18.739722, "relative_strength": -13.715093, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.491177, "energy": 35.213747, "activity_lines": [ 17.530574, 17.604838, 17.723063, 17.714026 ] }, { "date": "2024-02-23", "close": 17.699589, "volume": 1780648, "typical_volume": 1176572.5, "trend": 17.741842, "fair_value": 18.738937, "relative_strength": -13.641393, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -40.348631, "energy": 25.509611, "activity_lines": [ 17.590042, 17.606545, 17.721498, 17.709079 ] }, { "date": "2024-03-01", "close": 17.887383, "volume": 2132536, "typical_volume": 1231994.85, "trend": 17.721497, "fair_value": 18.737942, "relative_strength": -12.469703, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.240356, "energy": 5.240355, "activity_lines": [ 17.687069, 17.647519, 17.736477, 17.718469 ] }, { "date": "2024-03-08", "close": 17.746536, "volume": 2536213, "typical_volume": 1283273.15, "trend": 17.705848, "fair_value": 18.733782, "relative_strength": -16.376152, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 9.740814, "energy": 8.752767, "activity_lines": [ 17.724627, 17.662883, 17.735806, 17.720084 ] }, { "date": "2024-03-15", "close": 17.793486, "volume": 2311596, "typical_volume": 1353164.2, "trend": 17.701153, "fair_value": 18.72964, "relative_strength": -15.257109, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 15.100628, "energy": 14.030148, "activity_lines": [ 17.768446, 17.689345, 17.738489, 17.725738 ] }, { "date": "2024-03-22", "close": 17.558743, "volume": 2750595, "typical_volume": 1442376.65, "trend": 17.691763, "fair_value": 18.722297, "relative_strength": -18.188491, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 4.016672, "energy": 6.073547, "activity_lines": [ 17.712108, 17.67398, 17.71725, 17.71655 ] }, { "date": "2024-03-29", "close": 17.652637, "volume": 1359169, "typical_volume": 1451374.8, "trend": 17.685503, "fair_value": 18.713859, "relative_strength": -17.571231, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.652899, "energy": 1.561675, "activity_lines": [ 17.683938, 17.678248, 17.704507, 17.714026 ] }, { "date": "2024-04-05", "close": 17.699589, "volume": 1134668, "typical_volume": 1389820.35, "trend": 17.688633, "fair_value": 18.705439, "relative_strength": -17.076465, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.51951, "energy": 5.649036, "activity_lines": [ 17.674549, 17.685077, 17.695788, 17.714935 ] }, { "date": "2024-04-12", "close": 17.652637, "volume": 1293469, "typical_volume": 1385733.55, "trend": 17.688633, "fair_value": 18.697284, "relative_strength": -18.405935, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.783709, "energy": 9.453669, "activity_lines": [ 17.662028, 17.683369, 17.684162, 17.712612 ] }, { "date": "2024-04-19", "close": 17.277052, "volume": 2417711, "typical_volume": 1446442.3, "trend": 17.687068, "fair_value": 18.685872, "relative_strength": -14.722089, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -64.276641, "energy": 46.579965, "activity_lines": [ 17.530573, 17.61252, 17.639002, 17.686059 ] }, { "date": "2024-04-26", "close": 17.511793, "volume": 1815165, "typical_volume": 1448628.45, "trend": 17.693328, "fair_value": 18.668614, "relative_strength": -15.606469, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.548717, "energy": 43.977669, "activity_lines": [ 17.511793, 17.587765, 17.620893, 17.674751 ] }, { "date": "2024-05-03", "close": 17.840435, "volume": 1664775, "typical_volume": 1463301.8, "trend": 17.707413, "fair_value": 18.648654, "relative_strength": -14.405972, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -34.274407, "energy": 23.798274, "activity_lines": [ 17.605691, 17.622763, 17.637214, 17.684242 ] }, { "date": "2024-05-10", "close": 17.746536, "volume": 1747075, "typical_volume": 1496096.25, "trend": 17.718368, "fair_value": 18.623568, "relative_strength": -15.866931, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -26.445587, "energy": 13.17373, "activity_lines": [ 17.655769, 17.638128, 17.645262, 17.686766 ] }, { "date": "2024-05-17", "close": 17.981277, "volume": 3597486, "typical_volume": 1626589.85, "trend": 17.734017, "fair_value": 18.608753, "relative_strength": -16.446703, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 18.27044, "energy": 16.518969, "activity_lines": [ 17.780965, 17.698734, 17.676337, 17.703728 ] }, { "date": "2024-05-24", "close": 17.417894, "volume": 3876969, "typical_volume": 1793216.15, "trend": 17.732452, "fair_value": 18.601355, "relative_strength": -19.686307, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -37.383975, "energy": 19.477486, "activity_lines": [ 17.696457, 17.652638, 17.65331, 17.683332 ] }, { "date": "2024-05-31", "close": 17.746536, "volume": 7663721, "typical_volume": 2126937.8, "trend": 17.741842, "fair_value": 18.592954, "relative_strength": -16.17828, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -10.701286, "energy": 8.309689, "activity_lines": [ 17.712106, 17.673125, 17.663594, 17.684241 ] }, { "date": "2024-06-07", "close": 17.652637, "volume": 4153525, "typical_volume": 2250848.85, "trend": 17.744971, "fair_value": 18.585081, "relative_strength": -18.74215, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -15.169402, "energy": 7.076466, "activity_lines": [ 17.680807, 17.673125, 17.664711, 17.678486 ] }, { "date": "2024-06-14", "close": 17.652637, "volume": 1690802, "typical_volume": 2298478.45, "trend": 17.732452, "fair_value": 18.573532, "relative_strength": -20.607572, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -29.478736, "energy": 14.384387, "activity_lines": [ 17.662027, 17.673125, 17.664264, 17.672529 ] }, { "date": "2024-06-21", "close": 17.746536, "volume": 3039145, "typical_volume": 2393200.6, "trend": 17.719932, "fair_value": 18.564848, "relative_strength": -22.253261, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -22.368816, "energy": 8.943105, "activity_lines": [ 17.680807, 17.69105, 17.672983, 17.673438 ] }, { "date": "2024-06-28", "close": 17.605692, "volume": 1969171, "typical_volume": 2475416.2, "trend": 17.698023, "fair_value": 18.55724, "relative_strength": -21.593818, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -24.71226, "energy": 10.040999, "activity_lines": [ 17.668288, 17.681661, 17.667617, 17.666067 ] }, { "date": "2024-07-05", "close": 17.605692, "volume": 2916123, "typical_volume": 2592528.1, "trend": 17.679243, "fair_value": 18.548784, "relative_strength": -22.785818, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -24.054889, "energy": 11.184366, "activity_lines": [ 17.64325, 17.666297, 17.661581, 17.66011 ] }, { "date": "2024-07-12", "close": 17.370949, "volume": 3872138, "typical_volume": 2697102.6, "trend": 17.658899, "fair_value": 18.536278, "relative_strength": -24.458216, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -57.597543, "energy": 35.86542, "activity_lines": [ 17.549353, 17.606544, 17.632742, 17.64022 ] }, { "date": "2024-07-19", "close": 17.370949, "volume": 3725526, "typical_volume": 2776752.1, "trend": 17.641685, "fair_value": 18.523206, "relative_strength": -20.482543, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -57.642883, "energy": 46.431982, "activity_lines": [ 17.474236, 17.555328, 17.605467, 17.621643 ] }, { "date": "2024-07-26", "close": 17.433823, "volume": 2088984, "typical_volume": 2754390.65, "trend": 17.626566, "fair_value": 18.511668, "relative_strength": -16.99551, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.763385, "energy": 48.829912, "activity_lines": [ 17.438856, 17.522372, 17.586639, 17.608233 ] }, { "date": "2024-08-02", "close": 17.338558, "volume": 3135824, "typical_volume": 2795602.05, "trend": 17.609837, "fair_value": 18.500934, "relative_strength": -15.103085, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.273049, "energy": 54.319138, "activity_lines": [ 17.392568, 17.482049, 17.560228, 17.589651 ] }, { "date": "2024-08-09", "close": 17.290924, "volume": 4929757, "typical_volume": 2904560.15, "trend": 17.596215, "fair_value": 18.49046, "relative_strength": -14.159016, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.434132, "energy": 48.507941, "activity_lines": [ 17.348211, 17.434508, 17.531447, 17.569076 ] }, { "date": "2024-08-16", "close": 17.338558, "volume": 2592567, "typical_volume": 2966230.05, "trend": 17.5967, "fair_value": 18.479726, "relative_strength": -16.768874, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.130358, "energy": 38.602725, "activity_lines": [ 17.340717, 17.403911, 17.508477, 17.552453 ] }, { "date": "2024-08-23", "close": 17.481459, "volume": 2943609, "typical_volume": 3056677.1, "trend": 17.589429, "fair_value": 18.474432, "relative_strength": -14.84282, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.803433, "energy": 28.606337, "activity_lines": [ 17.383016, 17.405007, 17.500613, 17.545018 ] }, { "date": "2024-08-30", "close": 17.576725, "volume": 1943311, "typical_volume": 3089169.2, "trend": 17.588463, "fair_value": 18.472294, "relative_strength": -14.29931, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.045342, "energy": 17.007812, "activity_lines": [ 17.449703, 17.426536, 17.50286, 17.544199 ] }, { "date": "2024-09-06", "close": 17.100389, "volume": 2044156, "typical_volume": 3070491.45, "trend": 17.576315, "fair_value": 18.463709, "relative_strength": -12.901292, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.953964, "energy": 30.07524, "activity_lines": [ 17.348084, 17.364546, 17.460103, 17.51271 ] }, { "date": "2024-09-13", "close": 17.290924, "volume": 2337043, "typical_volume": 3096585.35, "trend": 17.568953, "fair_value": 18.454932, "relative_strength": -12.788815, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.029298, "energy": 25.505616, "activity_lines": [ 17.325855, 17.346387, 17.436334, 17.494298 ] }, { "date": "2024-09-20", "close": 17.243292, "volume": 1495390, "typical_volume": 3088116.1, "trend": 17.553743, "fair_value": 18.442172, "relative_strength": -14.087123, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.416929, "energy": 32.314089, "activity_lines": [ 17.287749, 17.32529, 17.40908, 17.473288 ] }, { "date": "2024-09-27", "close": 17.433823, "volume": 2386748, "typical_volume": 3120099.75, "trend": 17.538624, "fair_value": 18.429473, "relative_strength": -15.130172, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.290037, "energy": 30.531778, "activity_lines": [ 17.319504, 17.341156, 17.402816, 17.465551 ] }, { "date": "2024-10-04", "close": 17.576725, "volume": 1774987, "typical_volume": 3028974.8, "trend": 17.532964, "fair_value": 18.41711, "relative_strength": -11.938304, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.874713, "energy": 10.856855, "activity_lines": [ 17.402069, 17.381861, 17.41165, 17.468009 ] }, { "date": "2024-10-11", "close": 17.338558, "volume": 1328886, "typical_volume": 2901570.65, "trend": 17.517799, "fair_value": 18.400609, "relative_strength": -14.889868, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.861924, "energy": 14.729957, "activity_lines": [ 17.405244, 17.376664, 17.399729, 17.455467 ] }, { "date": "2024-10-18", "close": 17.243292, "volume": 1799845, "typical_volume": 2608376.85, "trend": 17.507284, "fair_value": 18.378276, "relative_strength": -16.873141, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.137616, "energy": 16.755506, "activity_lines": [ 17.360787, 17.354147, 17.379112, 17.437756 ] }, { "date": "2024-10-25", "close": 17.148024, "volume": 1315410, "typical_volume": 2466471.1, "trend": 17.490464, "fair_value": 18.353591, "relative_strength": -16.205936, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.484477, "energy": 25.411524, "activity_lines": [ 17.287749, 17.315174, 17.351818, 17.414578 ] }, { "date": "2024-11-01", "close": 17.052757, "volume": 921940, "typical_volume": 2428028.0, "trend": 17.468903, "fair_value": 18.324815, "relative_strength": -14.008632, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.758925, "energy": 47.7094, "activity_lines": [ 17.189307, 17.262344, 17.317854, 17.386339 ] }, { "date": "2024-11-08", "close": 17.100389, "volume": 1147594, "typical_volume": 2333450.45, "trend": 17.450494, "fair_value": 18.301855, "relative_strength": -15.995484, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.763228, "energy": 56.202104, "activity_lines": [ 17.132146, 17.225969, 17.291284, 17.362564 ] }, { "date": "2024-11-15", "close": 17.148024, "volume": 2514453, "typical_volume": 2360714.55, "trend": 17.446194, "fair_value": 18.281232, "relative_strength": -12.183391, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.903817, "energy": 53.215352, "activity_lines": [ 17.122619, 17.206916, 17.272326, 17.34305 ] }, { "date": "2024-11-22", "close": 17.290924, "volume": 709662, "typical_volume": 2250391.5, "trend": 17.438831, "fair_value": 18.260075, "relative_strength": -11.494604, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.749451, "energy": 39.34382, "activity_lines": [ 17.173428, 17.212978, 17.269158, 17.333033 ] }, { "date": "2024-11-29", "close": 17.433823, "volume": 1775859, "typical_volume": 2145577.55, "trend": 17.425278, "fair_value": 18.243024, "relative_strength": -7.640375, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.13804, "energy": 11.992848, "activity_lines": [ 17.268695, 17.245023, 17.281098, 17.332709 ] }, { "date": "2024-12-06", "close": 17.433823, "volume": 829941, "typical_volume": 2000798.3, "trend": 17.414854, "fair_value": 18.227134, "relative_strength": -10.752786, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.389437, "energy": 14.44398, "activity_lines": [ 17.344908, 17.273602, 17.292738, 17.333261 ] }, { "date": "2024-12-13", "close": 17.100389, "volume": 1697363, "typical_volume": 1981217.25, "trend": 17.385491, "fair_value": 18.207946, "relative_strength": -11.246238, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.723052, "energy": 20.502372, "activity_lines": [ 17.284572, 17.241558, 17.272324, 17.312973 ] }, { "date": "2024-12-20", "close": 16.909857, "volume": 1158538, "typical_volume": 1882352.95, "trend": 17.368556, "fair_value": 18.187537, "relative_strength": -9.695288, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.242444, "energy": 28.561354, "activity_lines": [ 17.160725, 17.183532, 17.235351, 17.282287 ] }, { "date": "2024-12-27", "close": 17.100389, "volume": 684859, "typical_volume": 1670108.05, "trend": 17.347018, "fair_value": 18.169219, "relative_strength": -11.140911, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.89082, "energy": 39.986441, "activity_lines": [ 17.116267, 17.167942, 17.218566, 17.264986 ] }, { "date": "2025-01-03", "close": 17.005125, "volume": 769742, "typical_volume": 1578966.8, "trend": 17.325434, "fair_value": 18.151161, "relative_strength": -9.63871, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.741847, "energy": 54.244374, "activity_lines": [ 17.052757, 17.137631, 17.193616, 17.242928 ] }, { "date": "2025-01-10", "close": 16.719322, "volume": 1278458, "typical_volume": 1495709.25, "trend": 17.294324, "fair_value": 18.12924, "relative_strength": -10.965049, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.122169, "energy": 69.408238, "activity_lines": [ 16.922559, 17.057953, 17.143033, 17.203824 ] }, { "date": "2025-01-17", "close": 16.766958, "volume": 1366365, "typical_volume": 1466861.95, "trend": 17.261671, "fair_value": 18.108785, "relative_strength": -10.699235, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.636203, "energy": 66.318935, "activity_lines": [ 16.855873, 16.992999, 17.100617, 17.1698 ] }, { "date": "2025-01-24", "close": 17.005125, "volume": 416357, "typical_volume": 1385472.0, "trend": 17.241652, "fair_value": 18.090437, "relative_strength": -10.329085, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.732014, "energy": 55.071157, "activity_lines": [ 16.890804, 16.97741, 17.084739, 17.153249 ] }, { "date": "2025-02-07", "close": 17.100389, "volume": 1767097, "typical_volume": 1356974.7, "trend": 17.224809, "fair_value": 18.07299, "relative_strength": -9.111209, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.854353, "energy": 34.814794, "activity_lines": [ 16.951139, 16.98174, 17.078388, 17.144135 ] }, { "date": "2025-02-14", "close": 17.195656, "volume": 1177838, "typical_volume": 1341097.1, "trend": 17.218966, "fair_value": 18.059054, "relative_strength": -6.822001, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.991833, "energy": 15.890587, "activity_lines": [ 17.04323, 17.006855, 17.082017, 17.142254 ] }, { "date": "2025-02-21", "close": 17.290924, "volume": 1171451, "typical_volume": 1280332.25, "trend": 17.216298, "fair_value": 18.042828, "relative_strength": -8.115434, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -13.529683, "energy": 15.800187, "activity_lines": [ 17.154375, 17.053623, 17.094946, 17.146897 ] }, { "date": "2025-02-28", "close": 17.243292, "volume": 718958, "typical_volume": 1227530.8, "trend": 17.209947, "fair_value": 18.026007, "relative_strength": -5.242936, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 2.897893, "energy": 15.061785, "activity_lines": [ 17.211535, 17.094328, 17.104019, 17.148638 ] }, { "date": "2025-03-07", "close": 17.243292, "volume": 986479, "typical_volume": 1210410.45, "trend": 17.206772, "fair_value": 18.011216, "relative_strength": -2.812217, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 14.566248, "energy": 20.323965, "activity_lines": [ 17.23694, 17.132435, 17.11468, 17.15079 ] }, { "date": "2025-03-14", "close": 17.243292, "volume": 1902772, "typical_volume": 1215556.8, "trend": 17.205184, "fair_value": 17.994975, "relative_strength": 0.152246, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 13.649501, "energy": 17.736386, "activity_lines": [ 17.246467, 17.16448, 17.125795, 17.153146 ] }, { "date": "2025-03-21", "close": 17.052757, "volume": 1420454, "typical_volume": 1220809.0, "trend": 17.195657, "fair_value": 17.979253, "relative_strength": -1.700907, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -14.986024, "energy": 10.770007, "activity_lines": [ 17.182956, 17.159283, 17.118763, 17.143312 ] }, { "date": "2025-03-28", "close": 16.862223, "volume": 1003880, "typical_volume": 1224906.0, "trend": 17.175016, "fair_value": 17.960569, "relative_strength": 0.14403, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -43.211811, "energy": 20.650607, "activity_lines": [ 17.06546, 17.118578, 17.094039, 17.1218 ] }, { "date": "2025-04-04", "close": 16.81459, "volume": 1019459, "typical_volume": 1218499.25, "trend": 17.149612, "fair_value": 17.943321, "relative_strength": 1.490831, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -48.715476, "energy": 33.492983, "activity_lines": [ 16.960666, 17.066614, 17.065686, 17.098547 ] }, { "date": "2025-04-11", "close": 15.814288, "volume": 6762623, "typical_volume": 1430907.75, "trend": 17.106742, "fair_value": 17.92082, "relative_strength": 4.257811, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.258409, "energy": 72.557659, "activity_lines": [ 16.551018, 16.831911, 16.943427, 17.012397 ] }, { "date": "2025-04-18", "close": 15.433223, "volume": 1505410, "typical_volume": 1470695.15, "trend": 17.044818, "fair_value": 17.895877, "relative_strength": 2.588279, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.728757, "energy": 89.209861, "activity_lines": [ 16.109616, 16.549576, 16.791227, 16.904428 ] }, { "date": "2025-04-25", "close": 15.337955, "volume": 1285196, "typical_volume": 1446162.0, "trend": 16.981307, "fair_value": 17.863941, "relative_strength": -0.216324, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.56436, "energy": 94.206338, "activity_lines": [ 15.757129, 16.28023, 16.6388, 16.794308 ] }, { "date": "2025-05-02", "close": 16.004822, "volume": 1154373, "typical_volume": 1462383.6, "trend": 16.933674, "fair_value": 17.83686, "relative_strength": -0.211396, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.275833, "energy": 84.606357, "activity_lines": [ 15.741251, 16.16591, 16.559865, 16.731309 ] }, { "date": "2025-05-09", "close": 16.195356, "volume": 3708981, "typical_volume": 1562964.5, "trend": 16.887628, "fair_value": 17.81013, "relative_strength": 0.620284, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.005799, "energy": 73.672739, "activity_lines": [ 15.846044, 16.109616, 16.50588, 16.683675 ] }, { "date": "2025-05-16", "close": 16.195356, "volume": 1280682, "typical_volume": 1569071.7, "trend": 16.849521, "fair_value": 17.785431, "relative_strength": -3.378475, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.567689, "energy": 45.135748, "activity_lines": [ 15.99212, 16.072375, 16.456206, 16.639012 ] }, { "date": "2025-05-23", "close": 16.052456, "volume": 1057177, "typical_volume": 1587687.6, "trend": 16.809827, "fair_value": 17.768228, "relative_strength": -3.13062, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.881747, "energy": 28.847056, "activity_lines": [ 16.065158, 16.028206, 16.396324, 16.587589 ] }, { "date": "2025-05-30", "close": 15.67139, "volume": 1196495, "typical_volume": 1609025.25, "trend": 16.760606, "fair_value": 17.748873, "relative_strength": -3.901648, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.304652, "energy": 32.992164, "activity_lines": [ 15.969892, 15.936404, 16.30514, 16.514141 ] }, { "date": "2025-06-06", "close": 15.147421, "volume": 1881221, "typical_volume": 1639163.4, "trend": 16.697094, "fair_value": 17.724999, "relative_strength": -8.137409, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.94658, "energy": 48.513018, "activity_lines": [ 15.67774, 15.77445, 16.170405, 16.410065 ] }, { "date": "2025-06-13", "close": 15.147421, "volume": 1246684, "typical_volume": 1633179.35, "trend": 16.631995, "fair_value": 17.699964, "relative_strength": -9.576069, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.552877, "energy": 64.37387, "activity_lines": [ 15.442748, 15.643675, 16.043156, 16.310086 ] }, { "date": "2025-06-20", "close": 14.766355, "volume": 4102235, "typical_volume": 1817473.25, "trend": 16.552606, "fair_value": 17.673938, "relative_strength": -11.485061, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.608777, "energy": 80.220189, "activity_lines": [ 15.150597, 15.473927, 15.887327, 16.189722 ] }, { "date": "2025-06-27", "close": 15.385588, "volume": 1680143, "typical_volume": 1813125.55, "trend": 16.489095, "fair_value": 17.654781, "relative_strength": -9.768047, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.162284, "energy": 67.138969, "activity_lines": [ 15.160124, 15.43582, 15.801133, 16.114431 ] }, { "date": "2025-07-04", "close": 15.576121, "volume": 2370095, "typical_volume": 1872738.4, "trend": 16.427172, "fair_value": 17.636266, "relative_strength": -8.346891, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.898733, "energy": 44.769642, "activity_lines": [ 15.277619, 15.433222, 15.741251, 16.055529 ] }, { "date": "2025-07-11", "close": 15.385588, "volume": 1367990, "typical_volume": 1882565.35, "trend": 16.358897, "fair_value": 17.61769, "relative_strength": -10.114818, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.350609, "energy": 43.382512, "activity_lines": [ 15.337955, 15.391651, 15.670935, 15.98833 ] }, { "date": "2025-07-18", "close": 15.433223, "volume": 1327355, "typical_volume": 1912985.2, "trend": 16.303325, "fair_value": 17.598549, "relative_strength": -12.124966, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.520592, "energy": 29.486219, "activity_lines": [ 15.398291, 15.369999, 15.614229, 15.928609 ] }, { "date": "2025-07-25", "close": 15.341028, "volume": 2908001, "typical_volume": 2009061.3, "trend": 16.251031, "fair_value": 17.578817, "relative_strength": -12.348711, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.496922, "energy": 27.810979, "activity_lines": [ 15.408842, 15.345442, 15.557361, 15.866525 ] }, { "date": "2025-08-01", "close": 15.537708, "volume": 1502969, "typical_volume": 1989071.15, "trend": 16.198941, "fair_value": 17.559475, "relative_strength": -11.204881, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.877379, "energy": 26.25982, "activity_lines": [ 15.446641, 15.372178, 15.528284, 15.820505 ] }, { "date": "2025-08-08", "close": 15.390198, "volume": 1111882, "typical_volume": 1973642.55, "trend": 16.145111, "fair_value": 17.537413, "relative_strength": -13.840301, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.72303, "energy": 26.153917, "activity_lines": [ 15.425129, 15.381454, 15.493279, 15.768328 ] }, { "date": "2025-08-15", "close": 15.341028, "volume": 1380621, "typical_volume": 1992479.6, "trend": 16.099167, "fair_value": 17.518305, "relative_strength": -14.835672, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.747378, "energy": 26.50209, "activity_lines": [ 15.399622, 15.386901, 15.461509, 15.716451 ] }, { "date": "2025-08-22", "close": 15.390198, "volume": 1049469, "typical_volume": 1993980.1, "trend": 16.053275, "fair_value": 17.498621, "relative_strength": -12.221117, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.443795, "energy": 27.004986, "activity_lines": [ 15.393476, 15.397769, 15.441666, 15.670711 ] }, { "date": "2025-08-29", "close": 15.341028, "volume": 949324, "typical_volume": 1703315.15, "trend": 15.997806, "fair_value": 17.478325, "relative_strength": -13.843567, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.95469, "energy": 29.730794, "activity_lines": [ 15.373808, 15.395283, 15.423922, 15.62476 ] }, { "date": "2025-09-05", "close": 15.341028, "volume": 898948, "typical_volume": 1672992.05, "trend": 15.93916, "fair_value": 17.45565, "relative_strength": -14.398062, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.867823, "energy": 29.483142, "activity_lines": [ 15.35414, 15.382348, 15.408432, 15.582387 ] }, { "date": "2025-09-12", "close": 15.242688, "volume": 1185907, "typical_volume": 1668027.6, "trend": 15.874061, "fair_value": 17.433236, "relative_strength": -17.788028, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.493986, "energy": 32.274694, "activity_lines": [ 15.314804, 15.352343, 15.384015, 15.537453 ] }, { "date": "2025-09-19", "close": 15.242688, "volume": 1363582, "typical_volume": 1678488.05, "trend": 15.805787, "fair_value": 17.410823, "relative_strength": -17.689251, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.650212, "energy": 33.565918, "activity_lines": [ 15.285302, 15.3284, 15.360052, 15.49672 ] }, { "date": "2025-09-26", "close": 15.144347, "volume": 1264343, "typical_volume": 1556256.15, "trend": 15.735822, "fair_value": 17.388968, "relative_strength": -17.820263, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.657214, "energy": 46.664522, "activity_lines": [ 15.229576, 15.289176, 15.330352, 15.454046 ] }, { "date": "2025-10-03", "close": 14.947668, "volume": 1049904, "typical_volume": 1544717.25, "trend": 15.659301, "fair_value": 17.366744, "relative_strength": -22.039051, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.796767, "energy": 62.342983, "activity_lines": [ 15.12468, 15.219444, 15.286926, 15.403198 ] }, { "date": "2025-10-10", "close": 14.947668, "volume": 736871, "typical_volume": 1528701.95, "trend": 15.58278, "fair_value": 17.346008, "relative_strength": -23.086768, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.701829, "energy": 70.00621, "activity_lines": [ 15.046008, 15.156864, 15.249442, 15.357286 ] }, { "date": "2025-10-17", "close": 14.898498, "volume": 1204941, "typical_volume": 1529124.25, "trend": 15.510972, "fair_value": 17.325848, "relative_strength": -22.900703, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.775725, "energy": 71.805526, "activity_lines": [ 14.97717, 15.096072, 15.212535, 15.313139 ] }, { "date": "2025-10-24", "close": 14.996838, "volume": 818319, "typical_volume": 1475979.15, "trend": 15.448792, "fair_value": 17.311076, "relative_strength": -22.6416, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.243689, "energy": 64.34466, "activity_lines": [ 14.964058, 15.0621, 15.188674, 15.279969 ] }, { "date": "2025-10-31", "close": 14.800159, "volume": 1077724, "typical_volume": 1467531.15, "trend": 15.381644, "fair_value": 17.298908, "relative_strength": -25.121971, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.668463, "energy": 65.937686, "activity_lines": [ 14.901776, 14.998626, 15.146799, 15.238121 ] }, { "date": "2025-11-07", "close": 14.898498, "volume": 913464, "typical_volume": 1308092.6, "trend": 15.351118, "fair_value": 17.285587, "relative_strength": -22.592053, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.120047, "energy": 47.51664, "activity_lines": [ 14.89522, 14.96376, 15.115944, 15.206951 ] }, { "date": "2025-11-14", "close": 14.800159, "volume": 965036, "typical_volume": 1272337.25, "trend": 15.330016, "fair_value": 17.271338, "relative_strength": -21.989861, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.731266, "energy": 49.285307, "activity_lines": [ 14.859163, 14.91906, 15.075093, 15.171405 ] }, { "date": "2025-11-21", "close": 14.603478, "volume": 1414926, "typical_volume": 1224578.8, "trend": 15.305533, "fair_value": 17.253449, "relative_strength": -19.774674, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.137638, "energy": 65.507904, "activity_lines": [ 14.767378, 14.848434, 15.018299, 15.124531 ] }, { "date": "2025-11-28", "close": 14.603478, "volume": 1373278, "typical_volume": 1224843.2, "trend": 15.258822, "fair_value": 17.235561, "relative_strength": -22.746551, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.742167, "energy": 64.642486, "activity_lines": [ 14.695262, 14.78943, 14.966136, 15.079237 ] }, { "date": "2025-12-05", "close": 14.652648, "volume": 805926, "typical_volume": 1198771.75, "trend": 15.207398, "fair_value": 17.215609, "relative_strength": -22.90611, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.928813, "energy": 63.782478, "activity_lines": [ 14.66576, 14.750988, 14.922381, 15.040129 ] }, { "date": "2025-12-12", "close": 14.505138, "volume": 1248458, "typical_volume": 1115794.6, "trend": 15.151058, "fair_value": 17.194712, "relative_strength": -23.75772, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.932191, "energy": 66.082283, "activity_lines": [ 14.596922, 14.694666, 14.868294, 14.994822 ] }, { "date": "2025-12-19", "close": 14.505138, "volume": 1112266, "typical_volume": 1096259.45, "trend": 15.09948, "fair_value": 17.175004, "relative_strength": -21.888894, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.094188, "energy": 58.123387, "activity_lines": [ 14.554308, 14.64639, 14.818187, 14.95315 ] }, { "date": "2025-12-26", "close": 14.406798, "volume": 578244, "typical_volume": 1069577.55, "trend": 15.057327, "fair_value": 17.153476, "relative_strength": -24.217812, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.20831, "energy": 59.452013, "activity_lines": [ 14.498582, 14.58828, 14.763632, 14.908461 ] }, { "date": "2026-01-02", "close": 14.259289, "volume": 965582, "typical_volume": 1048825.6, "trend": 15.027723, "fair_value": 17.131597, "relative_strength": -26.493953, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.659418, "energy": 75.934993, "activity_lines": [ 14.406798, 14.51229, 14.699711, 14.856975 ] }, { "date": "2026-01-09", "close": 14.210118, "volume": 3040916, "typical_volume": 1148397.95, "trend": 14.99648, "fair_value": 17.109403, "relative_strength": -28.45006, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.750935, "energy": 72.560184, "activity_lines": [ 14.32157, 14.44077, 14.636258, 14.804226 ] }, { "date": "2026-01-16", "close": 14.210118, "volume": 1454220, "typical_volume": 1173642.75, "trend": 14.977938, "fair_value": 17.087507, "relative_strength": -30.441624, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.382744, "energy": 72.062094, "activity_lines": [ 14.265844, 14.379978, 14.578425, 14.753493 ] }, { "date": "2026-01-23", "close": 14.259289, "volume": 1875517, "typical_volume": 1222471.2, "trend": 14.940395, "fair_value": 17.066817, "relative_strength": -30.839324, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.695784, "energy": 61.960028, "activity_lines": [ 14.246176, 14.340642, 14.53066, 14.707128 ] }, { "date": "2026-01-30", "close": 14.357629, "volume": 1522660, "typical_volume": 1239308.85, "trend": 14.899779, "fair_value": 17.046163, "relative_strength": -30.010498, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.542698, "energy": 51.065618, "activity_lines": [ 14.275679, 14.32902, 14.497412, 14.669531 ] }, { "date": "2026-02-06", "close": 14.210118, "volume": 966774, "typical_volume": 1219468.45, "trend": 14.860596, "fair_value": 17.021293, "relative_strength": -29.521695, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.708822, "energy": 49.20112, "activity_lines": [ 14.259288, 14.295048, 14.454329, 14.625036 ] }, { "date": "2026-02-13", "close": 14.210118, "volume": 982154, "typical_volume": 1205359.0, "trend": 14.819826, "fair_value": 16.991964, "relative_strength": -32.69183, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.549465, "energy": 44.112017, "activity_lines": [ 14.246176, 14.268228, 14.416164, 14.58307 ] }, { "date": "2026-02-27", "close": 14.357629, "volume": 2052673, "typical_volume": 1255497.45, "trend": 14.787046, "fair_value": 16.9612, "relative_strength": -34.821641, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.17949, "energy": 33.065207, "activity_lines": [ 14.282235, 14.276274, 14.396496, 14.553251 ] }, { "date": "2026-03-06", "close": 14.111779, "volume": 1753525, "typical_volume": 1306330.15, "trend": 14.739515, "fair_value": 16.929159, "relative_strength": -31.785545, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.86666, "energy": 41.214394, "activity_lines": [ 14.226509, 14.242303, 14.356224, 14.509685 ] }, { "date": "2026-03-13", "close": 13.816759, "volume": 2156652, "typical_volume": 1353915.7, "trend": 14.687067, "fair_value": 16.892847, "relative_strength": -32.07043, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.664112, "energy": 49.86459, "activity_lines": [ 14.082277, 14.161843, 14.291834, 14.450153 ] }, { "date": "2026-03-20", "close": 13.423399, "volume": 2891263, "typical_volume": 1457562.9, "trend": 14.623146, "fair_value": 16.855501, "relative_strength": -33.47857, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.038501, "energy": 75.99923, "activity_lines": [ 13.842983, 14.020591, 14.195133, 14.368626 ] }, { "date": "2026-03-27", "close": 13.177549, "volume": 1908211, "typical_volume": 1499087.25, "trend": 14.549391, "fair_value": 16.820444, "relative_strength": -33.054805, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.266496, "energy": 92.322992, "activity_lines": [ 13.574187, 13.849837, 14.082511, 14.275361 ] }, { "date": "2026-04-03", "close": 13.177549, "volume": 1071244, "typical_volume": 1506976.25, "trend": 14.477275, "fair_value": 16.785684, "relative_strength": -31.106654, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.549834, "energy": 91.878266, "activity_lines": [ 13.374229, 13.697857, 13.977615, 14.186855 ] }, { "date": "2026-04-10", "close": 13.12838, "volume": 1777559, "typical_volume": 1547602.4, "trend": 14.40352, "fair_value": 16.750907, "relative_strength": -36.000033, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.207648, "energy": 90.348207, "activity_lines": [ 13.236553, 13.555711, 13.876231, 14.09983 ] }, { "date": "2026-04-17", "close": 13.177549, "volume": 2236056, "typical_volume": 1588658.9, "trend": 14.334682, "fair_value": 16.716742, "relative_strength": -37.239002, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.248727, "energy": 86.979999, "activity_lines": [ 13.180827, 13.443067, 13.787491, 14.020735 ] }, { "date": "2026-04-24", "close": 12.685849, "volume": 2932754, "typical_volume": 1666632.7, "trend": 14.249454, "fair_value": 16.678235, "relative_strength": -41.964098, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.284938, "energy": 88.357638, "activity_lines": [ 13.003815, 13.262479, 13.658712, 13.914359 ] }, { "date": "2026-05-01", "close": 12.29249, "volume": 1919710, "typical_volume": 1722321.9, "trend": 14.154393, "fair_value": 16.638397, "relative_strength": -42.862859, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.014655, "energy": 91.481428, "activity_lines": [ 12.744853, 13.038085, 13.501603, 13.788103 ] }, { "date": "2026-05-08", "close": 12.19415, "volume": 2467859, "typical_volume": 1783291.95, "trend": 14.062609, "fair_value": 16.597334, "relative_strength": -46.072738, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.321111, "energy": 92.483584, "activity_lines": [ 12.512116, 12.830677, 13.346366, 13.661635 ] }, { "date": "2026-05-15", "close": 11.84996, "volume": 2084744, "typical_volume": 1831915.85, "trend": 13.959352, "fair_value": 16.553766, "relative_strength": -46.118, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.588623, "energy": 94.983888, "activity_lines": [ 12.230208, 12.600026, 13.169354, 13.518884 ] }, { "date": "2026-05-22", "close": 11.84996, "volume": 1958856, "typical_volume": 1900946.45, "trend": 13.857734, "fair_value": 16.510199, "relative_strength": -46.628719, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.092721, "energy": 92.614647, "activity_lines": [ 12.033528, 12.410498, 13.004986, 13.382794 ] }, { "date": "2026-05-29", "close": 11.899131, "volume": 2979184, "typical_volume": 2001626.55, "trend": 13.754477, "fair_value": 16.465163, "relative_strength": -48.463534, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.317007, "energy": 86.495007, "activity_lines": [ 11.941744, 12.26567, 12.857476, 13.256433 ] }, { "date": "2026-06-05", "close": 12.24332, "volume": 3929258, "typical_volume": 2046043.65, "trend": 13.669249, "fair_value": 16.421442, "relative_strength": -46.447727, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.671872, "energy": 66.888282, "activity_lines": [ 12.017138, 12.211136, 12.753985, 13.158939 ] }, { "date": "2026-06-12", "close": 12.29249, "volume": 2052657, "typical_volume": 2075965.5, "trend": 13.582382, "fair_value": 16.378332, "relative_strength": -44.244869, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.850587, "energy": 63.051082, "activity_lines": [ 12.1122, 12.182528, 12.664543, 13.070116 ] }, { "date": "2026-06-19", "close": 12.34166, "volume": 1502983, "typical_volume": 2057338.8, "trend": 13.500432, "fair_value": 16.336133, "relative_strength": -45.911577, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.674517, "energy": 51.919257, "activity_lines": [ 12.217096, 12.178952, 12.588915, 12.990069 ] }, { "date": "2026-06-26", "close": 11.99747, "volume": 2538934, "typical_volume": 2108152.5, "trend": 13.413565, "fair_value": 16.292322, "relative_strength": -44.312696, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.084824, "energy": 49.972127, "activity_lines": [ 12.174482, 12.1271, 12.489638, 12.893104 ] }, { "date": "2026-07-03", "close": 12.44, "volume": 2239447, "typical_volume": 2171786.15, "trend": 13.341449, "fair_value": 16.251348, "relative_strength": -44.060421, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.858699, "energy": 38.983112, "activity_lines": [ 12.269544, 12.177164, 12.443746, 12.830293 ] }, { "date": "2026-07-10", "close": 12.24332, "volume": 0, "typical_volume": 2122678.45, "trend": 13.261138, "fair_value": 16.209113, "relative_strength": -42.230258, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.006064, "energy": 37.141774, "activity_lines": [ 12.262988, 12.195938, 12.387552, 12.759446 ] }, { "date": "2026-07-17", "close": 12.39083, "volume": 3037375, "typical_volume": 2171913.55, "trend": 13.190661, "fair_value": 16.169905, "relative_strength": -36.854882, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.177759, "energy": 31.543322, "activity_lines": [ 12.305602, 12.242426, 12.354772, 12.703297 ] }, { "date": "2026-07-24", "close": 12.45, "volume": 1989752, "typical_volume": 2183724.9, "trend": 13.122157, "fair_value": 16.131968, "relative_strength": -36.995258, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.921036, "energy": 21.659889, "activity_lines": [ 12.361383, 12.296096, 12.336993, 12.655512 ] }, { "date": "2026-07-31", "close": 12.2, "volume": 2670235, "typical_volume": 2209404.05, "trend": 13.048597, "fair_value": 16.091899, "relative_strength": -36.485971, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.353293, "energy": 25.923028, "activity_lines": [ 12.326609, 12.293402, 12.303318, 12.596018 ] }, { "date": "2026-08-07", "close": 12.1, "volume": 1726324, "typical_volume": 2151157.1, "trend": 12.97662, "fair_value": 16.049384, "relative_strength": -37.531934, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.56109, "energy": 32.060782, "activity_lines": [ 12.244999, 12.266162, 12.267817, 12.534819 ] }, { "date": "2026-08-14", "close": 12.2, "volume": 1101426, "typical_volume": 2110817.85, "trend": 12.909617, "fair_value": 16.009014, "relative_strength": -38.178744, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.892524, "energy": 28.718718, "activity_lines": [ 12.219389, 12.253451, 12.248143, 12.484714 ] } ], "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." } } }