{ "ticker": { "uuid": "0f57dc9f-6051-4c31-b932-72220f36d2e8", "symbol": "6674", "name": "Compal Broadband Networks, Inc.", "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": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -78.881, "architecture_energy": 87.082, "architecture_maturity": 92.34, "architecture_confidence": 84.802, "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": 0.35, "rotation_up": 10.64, "upward_expansion": 20.54, "deceleration": 37.33, "rotation_down": 82.01, "downward_expansion": 98.54 }, "activity_lines": [ 15.283333, 15.850909, 16.685714, 17.255484 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -1.0 }, "latest_close": 14.85, "trend_reference": 18.093333, "distance_from_trend": -0.179256, "trend_direction": "Weakening", "fair_value": 23.399359, "distance_from_fair_value": -0.365367, "fair_value_direction": "Weakening", "relative_strength": -47.298107, "relative_strength_direction": "Weakening", "price_momentum": -0.25, "excess_performance": -0.691372, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.179256, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.07015, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.365367, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.090891, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.472981, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.005733, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.25, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.596571, "read": "Supply-led" } ], "volume": { "latest": 75000, "relative_activity": 0.482565, "balance": 0.596571, "dry_up": 0.624143, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.064491, "annualized_volatility": 0.215632, "from_high_reference": -0.524038, "from_low_reference": 0.024138 }, "levels": { "trend_reference": 18.093333, "fair_value_reference": 23.399359, "structural_low": 14.5, "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": 32, "median_return": -0.003759, "positive_rate": 0.46875, "directional_follow_through": 0.5, "median_excess_return": -0.022073, "regime_survival": 0.84375, "best_return": 0.451515, "worst_return": -0.296375, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.024863, "positive_rate": 0.444444, "directional_follow_through": 0.555556, "median_excess_return": -0.040842, "regime_survival": 0.444444, "best_return": 0.628571, "worst_return": -0.237473, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.045193, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.106167, "regime_survival": 0.333333, "best_return": 0.24183, "worst_return": -0.165877, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.065851, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.27251, "regime_survival": 0.5, "best_return": 0.065081, "worst_return": -0.095861, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-08-04", "end": "2023-08-25", "tenure": "New", "return": -0.069027, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-09-01", "end": "2023-10-06", "tenure": "Developing", "return": 0.018868, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-10-13", "end": "2024-01-05", "tenure": "Established", "return": 0.003697, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-01-12", "end": "2024-03-15", "tenure": "Developing", "return": -0.114181, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-03-22", "end": "2024-05-31", "tenure": "Developing", "return": 0.056277, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-06-07", "end": "2024-07-19", "tenure": "Developing", "return": -0.106529, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-07-26", "end": "2024-11-22", "tenure": "Established", "return": 0.141777, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-29", "end": "2024-12-13", "tenure": "New", "return": -0.117329, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-20", "end": "2025-01-03", "tenure": "New", "return": -0.033333, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-10", "end": "2025-06-13", "tenure": "Established", "return": 0.198257, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-20", "end": "2025-07-04", "tenure": "New", "return": -0.042593, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-11", "end": "2025-09-12", "tenure": "Developing", "return": -0.180077, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-09-19", "end": "2025-11-07", "tenure": "Developing", "return": 0.004854, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-14", "end": "2026-08-14", "tenure": "Extended", "return": -0.296209, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 28.200001, "volume": 34000, "typical_volume": 95132.15, "trend": 27.622484, "fair_value": 27.34168, "relative_strength": -0.572394, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.97189, "energy": 17.621377, "activity_lines": [ 28.35, 28.596364, 28.553598, 28.235294 ] }, { "date": "2023-08-18", "close": 27.75, "volume": 31000, "typical_volume": 94482.15, "trend": 27.702652, "fair_value": 27.343373, "relative_strength": -0.792596, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.807568, "energy": 14.020438, "activity_lines": [ 28.103334, 28.417273, 28.493543, 28.24352 ] }, { "date": "2023-08-25", "close": 26.299999, "volume": 65832, "typical_volume": 95573.7, "trend": 27.768869, "fair_value": 27.336946, "relative_strength": -6.352058, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -42.724405, "energy": 47.922142, "activity_lines": [ 27.456667, 27.994545, 28.297741, 28.153027 ] }, { "date": "2023-09-01", "close": 26.5, "volume": 19000, "typical_volume": 94173.7, "trend": 27.80082, "fair_value": 27.325047, "relative_strength": -6.376515, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.113855, "energy": 61.550518, "activity_lines": [ 27.04, 27.655455, 28.127431, 28.071164 ] }, { "date": "2023-09-08", "close": 27.049999, "volume": 66000, "typical_volume": 95273.7, "trend": 27.859292, "fair_value": 27.331649, "relative_strength": -3.80476, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.526002, "energy": 59.095457, "activity_lines": [ 26.923333, 27.464545, 28.014762, 28.022724 ] }, { "date": "2023-09-15", "close": 27.049999, "volume": 27708, "typical_volume": 85159.05, "trend": 27.886655, "fair_value": 27.339427, "relative_strength": -5.511666, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.21089, "energy": 57.259547, "activity_lines": [ 26.886666, 27.305454, 27.903095, 27.970512 ] }, { "date": "2023-09-22", "close": 27.1, "volume": 84960, "typical_volume": 84982.55, "trend": 27.8944, "fair_value": 27.344294, "relative_strength": -1.861278, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.166781, "energy": 35.102257, "activity_lines": [ 26.943333, 27.194545, 27.802381, 27.91976 ] }, { "date": "2023-09-29", "close": 27.75, "volume": 18004, "typical_volume": 82782.75, "trend": 27.913989, "fair_value": 27.357734, "relative_strength": 0.556197, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -40.99428, "energy": 25.350803, "activity_lines": [ 27.26, 27.236363, 27.765952, 27.910444 ] }, { "date": "2023-10-06", "close": 27.0, "volume": 41000, "typical_volume": 79932.7, "trend": 27.903666, "fair_value": 27.365778, "relative_strength": -3.047187, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -43.454311, "energy": 24.729777, "activity_lines": [ 27.23, 27.16, 27.658095, 27.851477 ] }, { "date": "2023-10-13", "close": 27.049999, "volume": 19000, "typical_volume": 74610.1, "trend": 27.949039, "fair_value": 27.388238, "relative_strength": -4.206305, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.371474, "energy": 22.570354, "activity_lines": [ 27.183333, 27.115454, 27.560238, 27.796401 ] }, { "date": "2023-10-20", "close": 27.049999, "volume": 61000, "typical_volume": 71210.1, "trend": 27.940382, "fair_value": 27.41011, "relative_strength": -2.075249, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.97589, "energy": 22.77302, "activity_lines": [ 27.136666, 27.092727, 27.470952, 27.738399 ] }, { "date": "2023-10-27", "close": 26.549999, "volume": 124000, "typical_volume": 72040.35, "trend": 27.883951, "fair_value": 27.418794, "relative_strength": -2.012222, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.691756, "energy": 37.244527, "activity_lines": [ 26.923333, 26.999999, 27.342619, 27.648697 ] }, { "date": "2023-11-03", "close": 26.700001, "volume": 46104, "typical_volume": 70245.55, "trend": 27.852166, "fair_value": 27.425502, "relative_strength": -3.664752, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.630857, "energy": 36.526726, "activity_lines": [ 26.796666, 26.956363, 27.239524, 27.572313 ] }, { "date": "2023-11-10", "close": 26.200001, "volume": 22145, "typical_volume": 62638.8, "trend": 27.805353, "fair_value": 27.421958, "relative_strength": -6.373635, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.935012, "energy": 46.313517, "activity_lines": [ 26.573334, 26.814545, 27.099286, 27.465722 ] }, { "date": "2023-11-17", "close": 26.65, "volume": 36000, "typical_volume": 57938.8, "trend": 27.785, "fair_value": 27.42952, "relative_strength": -7.669206, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.101478, "energy": 39.770112, "activity_lines": [ 26.553334, 26.76, 27.015952, 27.391183 ] }, { "date": "2023-11-24", "close": 26.450001, "volume": 43001, "typical_volume": 51537.8, "trend": 27.721667, "fair_value": 27.433745, "relative_strength": -8.82348, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.98482, "energy": 37.97606, "activity_lines": [ 26.493334, 26.676364, 26.923809, 27.305054 ] }, { "date": "2023-12-01", "close": 26.5, "volume": 50000, "typical_volume": 48087.8, "trend": 27.685, "fair_value": 27.436528, "relative_strength": -9.473561, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.106758, "energy": 33.838074, "activity_lines": [ 26.49, 26.612727, 26.849524, 27.226236 ] }, { "date": "2023-12-08", "close": 26.299999, "volume": 49027, "typical_volume": 47289.15, "trend": 27.636667, "fair_value": 27.412775, "relative_strength": -9.906697, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.889623, "energy": 33.902224, "activity_lines": [ 26.423333, 26.523636, 26.768095, 27.136882 ] }, { "date": "2023-12-15", "close": 26.299999, "volume": 64000, "typical_volume": 47639.15, "trend": 27.576667, "fair_value": 27.388142, "relative_strength": -11.287698, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.889061, "energy": 33.578945, "activity_lines": [ 26.383333, 26.460909, 26.698333, 27.050645 ] }, { "date": "2023-12-22", "close": 25.950001, "volume": 41001, "typical_volume": 47139.1, "trend": 27.48, "fair_value": 27.354217, "relative_strength": -11.869554, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.181085, "energy": 39.986019, "activity_lines": [ 26.22, 26.347273, 26.604524, 26.945699 ] }, { "date": "2023-12-29", "close": 27.4, "volume": 147000, "typical_volume": 52789.1, "trend": 27.431667, "fair_value": 27.341039, "relative_strength": -8.447641, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.38682, "energy": 16.565464, "activity_lines": [ 26.586667, 26.517273, 26.659762, 26.940538 ] }, { "date": "2024-01-05", "close": 27.15, "volume": 41000, "typical_volume": 53289.1, "trend": 27.375, "fair_value": 27.327727, "relative_strength": -6.898077, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.631319, "energy": 12.434397, "activity_lines": [ 26.806667, 26.635455, 26.695, 26.922365 ] }, { "date": "2024-01-12", "close": 27.15, "volume": 69000, "typical_volume": 53447.5, "trend": 27.316667, "fair_value": 27.314415, "relative_strength": -6.58297, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.278089, "energy": 11.741355, "activity_lines": [ 26.983333, 26.742727, 26.733095, 26.907849 ] }, { "date": "2024-01-19", "close": 26.85, "volume": 94000, "typical_volume": 57197.5, "trend": 27.24, "fair_value": 27.298006, "relative_strength": -8.293432, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.691403, "energy": 15.261624, "activity_lines": [ 27.003333, 26.787273, 26.738571, 26.877742 ] }, { "date": "2024-01-26", "close": 27.0, "volume": 55086, "typical_volume": 56651.8, "trend": 27.18, "fair_value": 27.292248, "relative_strength": -9.253091, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.254157, "energy": 11.758461, "activity_lines": [ 27.036667, 26.847273, 26.756667, 26.862258 ] }, { "date": "2024-02-02", "close": 27.299999, "volume": 61013, "typical_volume": 58317.05, "trend": 27.116667, "fair_value": 27.289295, "relative_strength": -8.44103, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.3286, "energy": 8.244764, "activity_lines": [ 27.1, 26.955454, 26.803571, 26.87 ] }, { "date": "2024-02-09", "close": 27.4, "volume": 30000, "typical_volume": 55569.05, "trend": 27.063333, "fair_value": 27.292268, "relative_strength": -8.172824, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.833427, "energy": 17.319983, "activity_lines": [ 27.203333, 27.066363, 26.858809, 26.888279 ] }, { "date": "2024-02-16", "close": 26.9, "volume": 73025, "typical_volume": 58320.1, "trend": 27.001667, "fair_value": 27.294091, "relative_strength": -12.07006, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.005732, "energy": 10.002867, "activity_lines": [ 27.123333, 27.07, 26.865, 26.877742 ] }, { "date": "2024-02-23", "close": 25.75, "volume": 179003, "typical_volume": 65220.25, "trend": 26.918333, "fair_value": 27.286781, "relative_strength": -16.725319, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.874445, "energy": 20.525178, "activity_lines": [ 26.676667, 26.853636, 26.765714, 26.796989 ] }, { "date": "2024-03-01", "close": 26.299999, "volume": 211090, "typical_volume": 74824.75, "trend": 26.853333, "fair_value": 27.275068, "relative_strength": -14.804946, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.661282, "energy": 20.772335, "activity_lines": [ 26.486666, 26.747272, 26.724762, 26.757097 ] }, { "date": "2024-03-08", "close": 25.85, "volume": 82000, "typical_volume": 75874.75, "trend": 26.775, "fair_value": 27.247256, "relative_strength": -19.427525, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.930283, "energy": 37.140222, "activity_lines": [ 26.193333, 26.552727, 26.644524, 26.692365 ] }, { "date": "2024-03-15", "close": 24.049999, "volume": 57000, "typical_volume": 72524.75, "trend": 26.651666, "fair_value": 27.21466, "relative_strength": -24.25068, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -78.153111, "energy": 70.008656, "activity_lines": [ 25.396666, 26.059091, 26.398571, 26.516559 ] }, { "date": "2024-03-22", "close": 23.1, "volume": 83000, "typical_volume": 74369.55, "trend": 26.545, "fair_value": 27.173918, "relative_strength": -28.718616, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.73362, "energy": 81.277144, "activity_lines": [ 24.506666, 25.449091, 26.074047, 26.287419 ] }, { "date": "2024-03-29", "close": 25.1, "volume": 127320, "typical_volume": 79628.3, "trend": 26.498333, "fair_value": 27.141005, "relative_strength": -22.292455, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.919568, "energy": 70.861246, "activity_lines": [ 24.536666, 25.276363, 25.957143, 26.194193 ] }, { "date": "2024-04-05", "close": 26.5, "volume": 104000, "typical_volume": 83028.3, "trend": 26.48, "fair_value": 27.114423, "relative_strength": -17.691489, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.910895, "energy": 50.598349, "activity_lines": [ 25.076667, 25.39, 25.978809, 26.194301 ] }, { "date": "2024-04-12", "close": 25.299999, "volume": 39072, "typical_volume": 82831.85, "trend": 26.421667, "fair_value": 27.028466, "relative_strength": -22.447419, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.396588, "energy": 31.232454, "activity_lines": [ 25.203333, 25.294545, 25.886904, 26.118172 ] }, { "date": "2024-04-19", "close": 24.4, "volume": 42000, "typical_volume": 82431.85, "trend": 26.331666, "fair_value": 26.947605, "relative_strength": -20.08763, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.238037, "energy": 27.322989, "activity_lines": [ 25.066666, 25.071818, 25.714762, 25.987742 ] }, { "date": "2024-04-26", "close": 23.85, "volume": 61000, "typical_volume": 83030.5, "trend": 26.201666, "fair_value": 26.875552, "relative_strength": -23.596469, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.974289, "energy": 32.774283, "activity_lines": [ 24.723333, 24.803636, 25.500238, 25.827634 ] }, { "date": "2024-05-03", "close": 23.799999, "volume": 86010, "typical_volume": 84131.0, "trend": 26.095, "fair_value": 26.810813, "relative_strength": -23.982256, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.726741, "energy": 46.622039, "activity_lines": [ 24.313333, 24.581818, 25.292619, 25.672688 ] }, { "date": "2024-05-10", "close": 23.35, "volume": 72010, "typical_volume": 85681.45, "trend": 25.971667, "fair_value": 26.745245, "relative_strength": -26.171963, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.146549, "energy": 62.503327, "activity_lines": [ 23.84, 24.313636, 25.054047, 25.495591 ] }, { "date": "2024-05-17", "close": 23.299999, "volume": 59010, "typical_volume": 81281.95, "trend": 25.846667, "fair_value": 26.696682, "relative_strength": -27.65061, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.926442, "energy": 64.58448, "activity_lines": [ 23.559999, 24.09, 24.823095, 25.323226 ] }, { "date": "2024-05-24", "close": 23.35, "volume": 74079, "typical_volume": 82935.9, "trend": 25.74, "fair_value": 26.69513, "relative_strength": -27.918405, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.464444, "energy": 62.4212, "activity_lines": [ 23.43, 23.921818, 24.616428, 25.16215 ] }, { "date": "2024-05-31", "close": 24.4, "volume": 186000, "typical_volume": 88785.9, "trend": 25.663333, "fair_value": 26.695317, "relative_strength": -22.717325, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.109298, "energy": 43.30635, "activity_lines": [ 23.72, 23.957272, 24.527857, 25.075699 ] }, { "date": "2024-06-07", "close": 29.1, "volume": 1389584, "typical_volume": 153565.1, "trend": 25.76, "fair_value": 26.711537, "relative_strength": -10.279319, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 0.533493, "energy": 10.757059, "activity_lines": [ 25.54, 24.823636, 24.9, 25.297419 ] }, { "date": "2024-06-14", "close": 27.35, "volume": 403000, "typical_volume": 170960.8, "trend": 25.783333, "fair_value": 26.716246, "relative_strength": -17.609496, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 22.474086, "energy": 28.999104, "activity_lines": [ 26.423333, 25.299091, 25.094762, 25.4 ] }, { "date": "2024-06-21", "close": 27.6, "volume": 337000, "typical_volume": 184760.15, "trend": 25.821666, "fair_value": 26.72931, "relative_strength": -18.997224, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.600882, "energy": 35.824244, "activity_lines": [ 27.123333, 25.804545, 25.311666, 25.517204 ] }, { "date": "2024-06-28", "close": 27.5, "volume": 262000, "typical_volume": 196360.15, "trend": 25.855, "fair_value": 26.737917, "relative_strength": -17.968235, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 22.82352, "energy": 44.383488, "activity_lines": [ 27.503333, 26.25, 25.517619, 25.625484 ] }, { "date": "2024-07-05", "close": 27.200001, "volume": 252072, "typical_volume": 205312.5, "trend": 25.885, "fair_value": 26.745481, "relative_strength": -20.037776, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 22.869821, "energy": 52.068979, "activity_lines": [ 27.506667, 26.584546, 25.694524, 25.712258 ] }, { "date": "2024-07-12", "close": 26.35, "volume": 215000, "typical_volume": 207112.35, "trend": 25.886667, "fair_value": 26.748771, "relative_strength": -23.113743, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.255009, "energy": 30.771792, "activity_lines": [ 27.04, 26.703636, 25.789048, 25.742258 ] }, { "date": "2024-07-19", "close": 26.0, "volume": 201000, "typical_volume": 206607.85, "trend": 25.888333, "fair_value": 26.735429, "relative_strength": -20.06821, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 13.068802, "energy": 14.480781, "activity_lines": [ 26.64, 26.712727, 25.847381, 25.74957 ] }, { "date": "2024-07-26", "close": 26.450001, "volume": 59000, "typical_volume": 205457.85, "trend": 25.856667, "fair_value": 26.72732, "relative_strength": -15.426782, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.54057, "energy": 8.200027, "activity_lines": [ 26.48, 26.755455, 25.95, 25.785806 ] }, { "date": "2024-08-02", "close": 25.4, "volume": 139300, "typical_volume": 209572.85, "trend": 25.798333, "fair_value": 26.719235, "relative_strength": -16.406035, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.075675, "energy": 10.0761, "activity_lines": [ 26.046667, 26.55, 25.949762, 25.756344 ] }, { "date": "2024-08-09", "close": 24.6, "volume": 114100, "typical_volume": 211127.85, "trend": 25.713333, "fair_value": 26.706902, "relative_strength": -17.778777, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.513774, "energy": 16.661209, "activity_lines": [ 25.486667, 26.161818, 25.866905, 25.679032 ] }, { "date": "2024-08-16", "close": 24.9, "volume": 107000, "typical_volume": 210111.85, "trend": 25.648333, "fair_value": 26.69708, "relative_strength": -19.409355, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.767958, "energy": 16.574906, "activity_lines": [ 25.2, 25.824546, 25.805476, 25.626559 ] }, { "date": "2024-08-23", "close": 25.1, "volume": 95000, "typical_volume": 209661.85, "trend": 25.585, "fair_value": 26.694119, "relative_strength": -17.529652, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.934542, "energy": 17.484365, "activity_lines": [ 25.076667, 25.6, 25.764048, 25.591183 ] }, { "date": "2024-08-30", "close": 24.65, "volume": 87015, "typical_volume": 212059.0, "trend": 25.496667, "fair_value": 26.694734, "relative_strength": -18.857314, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.477612, "energy": 20.232955, "activity_lines": [ 24.863333, 25.334546, 25.686429, 25.53086 ] }, { "date": "2024-09-06", "close": 25.65, "volume": 150000, "typical_volume": 217459.0, "trend": 25.438333, "fair_value": 26.704109, "relative_strength": -11.743184, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.010143, "energy": 15.224659, "activity_lines": [ 25.103333, 25.304546, 25.707143, 25.540753 ] }, { "date": "2024-09-13", "close": 24.65, "volume": 326010, "typical_volume": 230709.5, "trend": 25.363333, "fair_value": 26.697676, "relative_strength": -15.89305, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.488508, "energy": 16.677389, "activity_lines": [ 24.993333, 25.126364, 25.626667, 25.489892 ] }, { "date": "2024-09-20", "close": 24.9, "volume": 71000, "typical_volume": 229959.0, "trend": 25.335, "fair_value": 26.691671, "relative_strength": -15.931344, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.541188, "energy": 12.958062, "activity_lines": [ 24.963333, 25.04, 25.566191, 25.46 ] }, { "date": "2024-09-27", "close": 25.9, "volume": 72000, "typical_volume": 229958.5, "trend": 25.321667, "fair_value": 26.687499, "relative_strength": -14.404626, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.433481, "energy": 5.381559, "activity_lines": [ 25.266667, 25.161818, 25.595714, 25.496452 ] }, { "date": "2024-10-04", "close": 24.950001, "volume": 35000, "typical_volume": 228758.0, "trend": 25.291667, "fair_value": 26.676324, "relative_strength": -14.985595, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.652648, "energy": 4.275339, "activity_lines": [ 25.2, 25.112727, 25.522619, 25.472473 ] }, { "date": "2024-10-11", "close": 24.65, "volume": 108000, "typical_volume": 230454.05, "trend": 25.311667, "fair_value": 26.668401, "relative_strength": -17.559288, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.048429, "energy": 11.788164, "activity_lines": [ 25.013334, 25.036364, 25.413095, 25.431075 ] }, { "date": "2024-10-18", "close": 24.450001, "volume": 53000, "typical_volume": 223804.05, "trend": 25.356667, "fair_value": 26.657065, "relative_strength": -19.550966, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.6305, "energy": 14.591177, "activity_lines": [ 24.826667, 24.937273, 25.278334, 25.375484 ] }, { "date": "2024-10-25", "close": 24.65, "volume": 55000, "typical_volume": 157074.85, "trend": 25.341667, "fair_value": 26.641835, "relative_strength": -17.689193, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.985092, "energy": 31.259979, "activity_lines": [ 24.72, 24.877273, 25.162381, 25.329893 ] }, { "date": "2024-11-01", "close": 25.299999, "volume": 34010, "typical_volume": 138625.35, "trend": 25.301667, "fair_value": 26.624987, "relative_strength": -12.747891, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.927774, "energy": 16.168698, "activity_lines": [ 24.846667, 24.94, 25.129524, 25.327204 ] }, { "date": "2024-11-08", "close": 25.049999, "volume": 55000, "typical_volume": 124525.35, "trend": 25.293333, "fair_value": 26.606841, "relative_strength": -15.803322, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.743821, "energy": 11.776705, "activity_lines": [ 24.93, 24.953636, 25.082619, 25.310968 ] }, { "date": "2024-11-15", "close": 27.35, "volume": 1024341, "typical_volume": 162642.4, "trend": 25.391667, "fair_value": 26.600698, "relative_strength": -4.289875, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 30.356738, "energy": 19.377644, "activity_lines": [ 25.773333, 25.378182, 25.266905, 25.443656 ] }, { "date": "2024-11-22", "close": 30.200001, "volume": 5725910, "typical_volume": 436334.3, "trend": 25.603333, "fair_value": 26.611911, "relative_strength": 5.278934, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 66.816132, "energy": 60.910832, "activity_lines": [ 27.386667, 26.29, 25.723333, 25.753871 ] }, { "date": "2024-11-29", "close": 27.700001, "volume": 2389366, "typical_volume": 545052.6, "trend": 25.733333, "fair_value": 26.601314, "relative_strength": -0.230416, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.147375, "energy": 59.38575, "activity_lines": [ 27.783334, 26.646364, 25.927381, 25.88914 ] }, { "date": "2024-12-06", "close": 26.450001, "volume": 1731011, "typical_volume": 621553.15, "trend": 25.836667, "fair_value": 26.587271, "relative_strength": -8.027582, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.146988, "energy": 55.445663, "activity_lines": [ 27.560001, 26.724546, 26.005953, 25.935377 ] }, { "date": "2024-12-13", "close": 24.450001, "volume": 718033, "typical_volume": 654504.8, "trend": 25.875, "fair_value": 26.566192, "relative_strength": -13.774229, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": 5.978364, "energy": 14.99094, "activity_lines": [ 26.593334, 26.429091, 25.891905, 25.845914 ] }, { "date": "2024-12-20", "close": 24.0, "volume": 1292005, "typical_volume": 712140.05, "trend": 25.896667, "fair_value": 26.528223, "relative_strength": -12.887116, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.769056, "energy": 14.33426, "activity_lines": [ 25.516667, 26.06091, 25.744524, 25.724946 ] }, { "date": "2024-12-27", "close": 24.25, "volume": 251000, "typical_volume": 718985.05, "trend": 25.891667, "fair_value": 26.49277, "relative_strength": -14.218901, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -34.62778, "energy": 28.696132, "activity_lines": [ 24.746667, 25.75, 25.627619, 25.61871 ] }, { "date": "2025-01-03", "close": 23.200001, "volume": 131060, "typical_volume": 720188.05, "trend": 25.695, "fair_value": 26.453326, "relative_strength": -15.901975, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -62.958953, "energy": 43.536924, "activity_lines": [ 24.023334, 25.251819, 25.412381, 25.445054 ] }, { "date": "2025-01-10", "close": 22.950001, "volume": 150101, "typical_volume": 722943.1, "trend": 25.548334, "fair_value": 26.409844, "relative_strength": -16.444732, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.768741, "energy": 59.585829, "activity_lines": [ 23.516667, 24.734546, 25.181429, 25.267957 ] }, { "date": "2025-01-17", "close": 22.35, "volume": 172000, "typical_volume": 727192.35, "trend": 25.373334, "fair_value": 26.355817, "relative_strength": -18.380813, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.386045, "energy": 64.247487, "activity_lines": [ 23.043334, 24.15091, 24.903572, 25.061613 ] }, { "date": "2025-01-24", "close": 23.700001, "volume": 66000, "typical_volume": 722992.35, "trend": 25.246667, "fair_value": 26.31623, "relative_strength": -14.150954, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.024839, "energy": 52.911685, "activity_lines": [ 23.160001, 23.861819, 24.765239, 24.953656 ] }, { "date": "2025-02-07", "close": 24.200001, "volume": 108000, "typical_volume": 712091.85, "trend": 25.146667, "fair_value": 26.276803, "relative_strength": -11.466068, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.069375, "energy": 34.198475, "activity_lines": [ 23.463334, 23.730001, 24.68381, 24.886129 ] }, { "date": "2025-02-14", "close": 24.5, "volume": 277000, "typical_volume": 722391.85, "trend": 25.085, "fair_value": 26.251173, "relative_strength": -8.418074, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.6098, "energy": 22.563171, "activity_lines": [ 23.870001, 23.761819, 24.633096, 24.844409 ] }, { "date": "2025-02-21", "close": 24.4, "volume": 127042, "typical_volume": 725143.95, "trend": 25.031667, "fair_value": 26.223988, "relative_strength": -10.38947, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.65917, "energy": 16.642681, "activity_lines": [ 24.156667, 23.833637, 24.574762, 24.800215 ] }, { "date": "2025-02-28", "close": 24.0, "volume": 137000, "typical_volume": 730243.95, "trend": 24.95, "fair_value": 26.194544, "relative_strength": -8.777271, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.406166, "energy": 17.564082, "activity_lines": [ 24.213334, 23.87, 24.485477, 24.733656 ] }, { "date": "2025-03-07", "close": 23.5, "volume": 116000, "typical_volume": 730643.95, "trend": 24.886667, "fair_value": 26.158851, "relative_strength": -8.252093, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.24111, "energy": 17.621006, "activity_lines": [ 23.993333, 23.823637, 24.353096, 24.640108 ] }, { "date": "2025-03-14", "close": 23.450001, "volume": 66000, "typical_volume": 731293.95, "trend": 24.848334, "fair_value": 26.121923, "relative_strength": -5.530545, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.916738, "energy": 28.803449, "activity_lines": [ 23.77, 23.777273, 24.221429, 24.54742 ] }, { "date": "2025-03-21", "close": 23.450001, "volume": 72000, "typical_volume": 732143.95, "trend": 24.8, "fair_value": 26.089867, "relative_strength": -6.291097, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.65122, "energy": 36.964352, "activity_lines": [ 23.596667, 23.745455, 24.094524, 24.457205 ] }, { "date": "2025-03-28", "close": 22.450001, "volume": 75000, "typical_volume": 734193.45, "trend": 24.711667, "fair_value": 26.048356, "relative_strength": -7.607723, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.175385, "energy": 55.957476, "activity_lines": [ 23.160001, 23.527273, 23.878096, 24.305592 ] }, { "date": "2025-04-04", "close": 21.0, "volume": 162000, "typical_volume": 739543.45, "trend": 24.59, "fair_value": 25.998159, "relative_strength": -11.961353, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.961572, "energy": 72.506585, "activity_lines": [ 22.370001, 23.054546, 23.537143, 24.066129 ] }, { "date": "2025-04-11", "close": 16.5, "volume": 275000, "typical_volume": 702076.4, "trend": 24.285, "fair_value": 25.921309, "relative_strength": -23.961051, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -95.31414, "energy": 91.095122, "activity_lines": [ 20.28, 21.788182, 22.786905, 23.544194 ] }, { "date": "2025-04-18", "close": 17.5, "volume": 76000, "typical_volume": 419580.9, "trend": 24.046667, "fair_value": 25.863149, "relative_strength": -18.347451, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.424895, "energy": 93.947068, "activity_lines": [ 18.99, 20.834546, 22.183572, 23.106452 ] }, { "date": "2025-04-25", "close": 17.4, "volume": 46000, "typical_volume": 302412.6, "trend": 23.796667, "fair_value": 25.802774, "relative_strength": -20.246538, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.288185, "energy": 91.726474, "activity_lines": [ 18.063333, 19.984546, 21.631191, 22.677635 ] }, { "date": "2025-05-02", "close": 23.200001, "volume": 694169, "typical_volume": 250570.5, "trend": 23.706667, "fair_value": 25.773911, "relative_strength": 1.781356, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.658614, "energy": 68.580417, "activity_lines": [ 19.473334, 20.318182, 21.680239, 22.63914 ] }, { "date": "2025-05-09", "close": 23.950001, "volume": 482000, "typical_volume": 238768.85, "trend": 23.673334, "fair_value": 25.74041, "relative_strength": 4.478512, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.582184, "energy": 24.437283, "activity_lines": [ 21.083334, 20.810001, 21.816191, 22.654839 ] }, { "date": "2025-05-16", "close": 21.950001, "volume": 309050, "typical_volume": 189621.1, "trend": 23.583334, "fair_value": 25.698181, "relative_strength": -8.119268, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.000482, "energy": 23.316908, "activity_lines": [ 21.830001, 20.939092, 21.764048, 22.543656 ] }, { "date": "2025-05-23", "close": 20.6, "volume": 203000, "typical_volume": 187221.1, "trend": 23.455, "fair_value": 25.653281, "relative_strength": -12.786008, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.858466, "energy": 28.215848, "activity_lines": [ 21.763334, 20.85091, 21.593096, 22.351183 ] }, { "date": "2025-05-30", "close": 21.549999, "volume": 457020, "typical_volume": 203519.1, "trend": 23.351667, "fair_value": 25.614156, "relative_strength": -7.341062, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.970354, "energy": 21.300471, "activity_lines": [ 21.806667, 20.987273, 21.53, 22.22828 ] }, { "date": "2025-06-06", "close": 26.6, "volume": 6522015, "typical_volume": 522114.8, "trend": 23.395, "fair_value": 25.609607, "relative_strength": 12.567533, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 14.019855, "energy": 17.586947, "activity_lines": [ 23.256667, 22.076364, 21.955715, 22.43785 ] }, { "date": "2025-06-13", "close": 27.5, "volume": 5551001, "typical_volume": 791064.85, "trend": 23.476667, "fair_value": 25.608308, "relative_strength": 14.374718, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 34.804396, "energy": 34.293326, "activity_lines": [ 24.78, 23.253636, 22.449762, 22.702689 ] }, { "date": "2025-06-20", "close": 27.0, "volume": 2013148, "typical_volume": 888422.25, "trend": 23.465, "fair_value": 25.603489, "relative_strength": 12.415066, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 28.751316, "energy": 47.060239, "activity_lines": [ 25.9, 24.221818, 22.871667, 22.93 ] }, { "date": "2025-06-27", "close": 26.9, "volume": 1101010, "typical_volume": 938072.75, "trend": 23.355, "fair_value": 25.599603, "relative_strength": 9.339876, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.798269, "energy": 57.097651, "activity_lines": [ 26.65, 24.980909, 23.268334, 23.151613 ] }, { "date": "2025-07-04", "close": 25.85, "volume": 848113, "typical_volume": 966628.4, "trend": 23.293334, "fair_value": 25.588357, "relative_strength": 5.312096, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 60.115492, "energy": 63.105094, "activity_lines": [ 26.63, 25.378182, 23.552143, 23.312581 ] }, { "date": "2025-07-11", "close": 26.1, "volume": 634108, "typical_volume": 991981.7, "trend": 23.281667, "fair_value": 25.579972, "relative_strength": 5.393261, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.358735, "energy": 49.742949, "activity_lines": [ 26.406667, 25.667273, 23.853333, 23.493656 ] }, { "date": "2025-07-18", "close": 28.5, "volume": 2383264, "typical_volume": 1104294.9, "trend": 23.416667, "fair_value": 25.586658, "relative_strength": 11.742413, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.061517, "energy": 45.478578, "activity_lines": [ 27.016667, 26.34, 24.375, 23.830323 ] }, { "date": "2025-07-25", "close": 26.6, "volume": 1403351, "typical_volume": 1168662.45, "trend": 23.503334, "fair_value": 25.583998, "relative_strength": 4.373692, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.152612, "energy": 35.032146, "activity_lines": [ 26.926667, 26.584545, 24.694286, 24.035699 ] }, { "date": "2025-08-01", "close": 28.450001, "volume": 1478033, "typical_volume": 1239264.1, "trend": 23.643334, "fair_value": 25.596345, "relative_strength": 11.263544, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.973014, "energy": 41.585019, "activity_lines": [ 27.48, 27.080909, 25.175, 24.354839 ] }, { "date": "2025-08-08", "close": 27.299999, "volume": 1693209, "typical_volume": 1320324.55, "trend": 23.78, "fair_value": 25.604469, "relative_strength": 4.226228, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.979549, "energy": 37.788946, "activity_lines": [ 27.546667, 27.225455, 25.522381, 24.590753 ] }, { "date": "2025-08-15", "close": 28.4, "volume": 2124150, "typical_volume": 1422782.05, "trend": 23.961667, "fair_value": 25.621534, "relative_strength": 6.990163, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.842938, "energy": 37.506489, "activity_lines": [ 27.883333, 27.465455, 25.956191, 24.888817 ] }, { "date": "2025-08-22", "close": 27.299999, "volume": 1861158, "typical_volume": 1507739.95, "trend": 24.126667, "fair_value": 25.62588, "relative_strength": 5.248736, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.691644, "energy": 33.764272, "activity_lines": [ 27.7, 27.472727, 26.256905, 25.104194 ] }, { "date": "2025-08-29", "close": 23.549999, "volume": 1518214, "typical_volume": 1569900.65, "trend": 24.121667, "fair_value": 25.600835, "relative_strength": -10.711051, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 23.517882, "energy": 12.993174, "activity_lines": [ 26.346666, 26.801818, 26.170476, 25.066989 ] }, { "date": "2025-09-05", "close": 21.549999, "volume": 889045, "typical_volume": 1610552.9, "trend": 24.033333, "fair_value": 25.565488, "relative_strength": -18.840415, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -5.79147, "energy": 13.903137, "activity_lines": [ 24.529999, 25.829999, 25.86, 24.901075 ] }, { "date": "2025-09-12", "close": 21.4, "volume": 1703010, "typical_volume": 1693403.4, "trend": 23.93, "fair_value": 25.529179, "relative_strength": -22.012634, "stage": 4, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -28.543396, "energy": 32.549907, "activity_lines": [ 23.123333, 24.928181, 25.515952, 24.731183 ] }, { "date": "2025-09-19", "close": 20.6, "volume": 389000, "typical_volume": 1678144.95, "trend": 23.803333, "fair_value": 25.489632, "relative_strength": -24.79281, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.92933, "energy": 54.042261, "activity_lines": [ 21.843333, 23.961818, 25.076666, 24.516344 ] }, { "date": "2025-09-26", "close": 21.25, "volume": 774000, "typical_volume": 1692744.95, "trend": 23.711667, "fair_value": 25.459604, "relative_strength": -22.015409, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.330218, "energy": 57.76882, "activity_lines": [ 21.3, 23.213636, 24.711666, 24.351613 ] }, { "date": "2025-10-03", "close": 21.1, "volume": 138001, "typical_volume": 1684192.5, "trend": 23.631667, "fair_value": 25.431763, "relative_strength": -25.516652, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.849125, "energy": 55.774006, "activity_lines": [ 21.11, 22.57, 24.345238, 24.183118 ] }, { "date": "2025-10-10", "close": 21.15, "volume": 90000, "typical_volume": 1678542.5, "trend": 23.555, "fair_value": 25.418726, "relative_strength": -26.35894, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.773302, "energy": 48.640001, "activity_lines": [ 21.1, 22.035454, 23.987619, 24.023011 ] }, { "date": "2025-10-17", "close": 20.799999, "volume": 95000, "typical_volume": 1660441.5, "trend": 23.466667, "fair_value": 25.396203, "relative_strength": -27.159993, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.945825, "energy": 36.714836, "activity_lines": [ 21.0, 21.57, 23.594047, 23.845269 ] }, { "date": "2025-10-24", "close": 20.4, "volume": 806000, "typical_volume": 1374640.75, "trend": 23.398333, "fair_value": 25.378044, "relative_strength": -28.764277, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.481941, "energy": 35.807771, "activity_lines": [ 20.806666, 21.15, 23.165952, 23.647419 ] }, { "date": "2025-10-31", "close": 20.75, "volume": 280010, "typical_volume": 1111091.2, "trend": 23.39, "fair_value": 25.372203, "relative_strength": -28.919782, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.914375, "energy": 34.080111, "activity_lines": [ 20.743333, 20.939091, 22.800714, 23.476559 ] }, { "date": "2025-11-07", "close": 20.700001, "volume": 2737525, "typical_volume": 1147310.05, "trend": 23.53, "fair_value": 25.370765, "relative_strength": -27.107948, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -57.131372, "energy": 44.860504, "activity_lines": [ 20.696667, 20.838182, 22.462857, 23.303011 ] }, { "date": "2025-11-14", "close": 21.1, "volume": 321400, "typical_volume": 1108329.55, "trend": 23.65, "fair_value": 25.368113, "relative_strength": -24.596592, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.976979, "energy": 40.427684, "activity_lines": [ 20.81, 20.861818, 22.193095, 23.146236 ] }, { "date": "2025-11-21", "close": 20.299999, "volume": 194000, "typical_volume": 1075623.9, "trend": 23.746667, "fair_value": 25.358443, "relative_strength": -24.193574, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.306069, "energy": 43.032512, "activity_lines": [ 20.66, 20.748182, 21.874762, 22.930107 ] }, { "date": "2025-11-28", "close": 20.450001, "volume": 234066, "typical_volume": 1055621.8, "trend": 23.655, "fair_value": 25.351309, "relative_strength": -26.11602, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.072547, "energy": 45.197515, "activity_lines": [ 20.593334, 20.681818, 21.597143, 22.717419 ] }, { "date": "2025-12-05", "close": 20.549999, "volume": 134200, "typical_volume": 943168.6, "trend": 23.541667, "fair_value": 25.341983, "relative_strength": -25.97071, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.786355, "energy": 43.099946, "activity_lines": [ 20.556666, 20.636364, 21.355952, 22.517097 ] }, { "date": "2025-12-12", "close": 20.15, "volume": 122005, "typical_volume": 879101.3, "trend": 23.481666, "fair_value": 25.328833, "relative_strength": -27.3711, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.055775, "energy": 55.194221, "activity_lines": [ 20.4, 20.530909, 21.114524, 22.298279 ] }, { "date": "2025-12-19", "close": 19.700001, "volume": 189000, "typical_volume": 814649.65, "trend": 23.451667, "fair_value": 25.305871, "relative_strength": -27.207793, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.982163, "energy": 58.80695, "activity_lines": [ 20.13, 20.360909, 20.860952, 22.054301 ] }, { "date": "2025-12-26", "close": 20.35, "volume": 212007, "typical_volume": 740589.55, "trend": 23.411667, "fair_value": 25.279205, "relative_strength": -26.55871, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.451418, "energy": 45.997065, "activity_lines": [ 20.17, 20.335455, 20.710952, 21.854193 ] }, { "date": "2026-01-02", "close": 20.700001, "volume": 154005, "typical_volume": 642082.3, "trend": 23.215, "fair_value": 25.251948, "relative_strength": -26.827947, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.746887, "energy": 39.497757, "activity_lines": [ 20.323334, 20.381818, 20.627381, 21.679247 ] }, { "date": "2026-01-09", "close": 19.950001, "volume": 224000, "typical_volume": 560224.4, "trend": 22.963333, "fair_value": 25.217995, "relative_strength": -31.179529, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.434731, "energy": 39.126328, "activity_lines": [ 20.210001, 20.286364, 20.509048, 21.468602 ] }, { "date": "2026-01-16", "close": 20.75, "volume": 1291005, "typical_volume": 548863.95, "trend": 22.755, "fair_value": 25.184132, "relative_strength": -30.501545, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.448285, "energy": 24.231521, "activity_lines": [ 20.403334, 20.350909, 20.501905, 21.325807 ] }, { "date": "2026-01-23", "close": 21.049999, "volume": 528000, "typical_volume": 530811.7, "trend": 22.56, "fair_value": 25.1566, "relative_strength": -30.28331, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.374913, "energy": 18.137338, "activity_lines": [ 20.656667, 20.469091, 20.536667, 21.215806 ] }, { "date": "2026-01-30", "close": 20.1, "volume": 247000, "typical_volume": 458011.2, "trend": 22.368333, "fair_value": 25.12959, "relative_strength": -33.123868, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.257267, "energy": 22.027306, "activity_lines": [ 20.503333, 20.415455, 20.483333, 21.057097 ] }, { "date": "2026-02-06", "close": 19.799999, "volume": 137000, "typical_volume": 445411.2, "trend": 22.158333, "fair_value": 25.092786, "relative_strength": -32.979267, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.725751, "energy": 28.528023, "activity_lines": [ 20.266666, 20.310909, 20.407619, 20.891398 ] }, { "date": "2026-02-13", "close": 20.0, "volume": 57030, "typical_volume": 409562.7, "trend": 21.875, "fair_value": 25.058838, "relative_strength": -35.354937, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.308534, "energy": 30.247573, "activity_lines": [ 20.156666, 20.254545, 20.354762, 20.75215 ] }, { "date": "2026-02-27", "close": 20.049999, "volume": 138200, "typical_volume": 409572.65, "trend": 21.656667, "fair_value": 25.019229, "relative_strength": -37.903936, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.275352, "energy": 34.096028, "activity_lines": [ 20.059999, 20.217272, 20.312619, 20.634409 ] }, { "date": "2026-03-06", "close": 19.299999, "volume": 162000, "typical_volume": 413172.65, "trend": 21.351666, "fair_value": 24.970718, "relative_strength": -36.371662, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.195291, "energy": 45.516897, "activity_lines": [ 19.759999, 20.045454, 20.204047, 20.482365 ] }, { "date": "2026-03-13", "close": 18.15, "volume": 88001, "typical_volume": 412822.7, "trend": 21.046667, "fair_value": 24.912947, "relative_strength": -39.161302, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.694739, "energy": 64.097791, "activity_lines": [ 19.193333, 19.671818, 19.994762, 20.275806 ] }, { "date": "2026-03-20", "close": 19.15, "volume": 144000, "typical_volume": 379722.7, "trend": 20.738333, "fair_value": 24.860641, "relative_strength": -35.393303, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.744509, "energy": 55.272303, "activity_lines": [ 19.09, 19.52, 19.893333, 20.153441 ] }, { "date": "2026-03-27", "close": 18.35, "volume": 103000, "typical_volume": 370872.2, "trend": 20.44, "fair_value": 24.813597, "relative_strength": -36.593626, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.016428, "energy": 63.282889, "activity_lines": [ 18.763333, 19.250909, 19.721666, 19.999355 ] }, { "date": "2026-04-03", "close": 18.049999, "volume": 48000, "typical_volume": 236395.95, "trend": 20.256667, "fair_value": 24.75424, "relative_strength": -35.911937, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.913758, "energy": 68.638495, "activity_lines": [ 18.446666, 18.956363, 19.532857, 19.845161 ] }, { "date": "2026-04-10", "close": 18.700001, "volume": 99000, "typical_volume": 225275.95, "trend": 20.161667, "fair_value": 24.693067, "relative_strength": -38.309759, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.576708, "energy": 47.756225, "activity_lines": [ 18.48, 18.829091, 19.418571, 19.744731 ] }, { "date": "2026-04-17", "close": 19.0, "volume": 156000, "typical_volume": 223375.95, "trend": 20.081667, "fair_value": 24.637596, "relative_strength": -39.232627, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.294854, "energy": 38.839025, "activity_lines": [ 18.653333, 18.799091, 19.344286, 19.669785 ] }, { "date": "2026-04-24", "close": 18.4, "volume": 434000, "typical_volume": 233372.65, "trend": 20.008333, "fair_value": 24.578593, "relative_strength": -43.821854, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.173874, "energy": 36.744329, "activity_lines": [ 18.57, 18.68, 19.219047, 19.56129 ] }, { "date": "2026-05-01", "close": 18.65, "volume": 93220, "typical_volume": 231323.65, "trend": 19.921667, "fair_value": 24.523397, "relative_strength": -42.529279, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.26033, "energy": 29.706401, "activity_lines": [ 18.62, 18.631818, 19.127381, 19.473656 ] }, { "date": "2026-05-08", "close": 18.4, "volume": 99000, "typical_volume": 230173.4, "trend": 19.831667, "fair_value": 24.459615, "relative_strength": -46.110875, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.731629, "energy": 28.165762, "activity_lines": [ 18.566667, 18.562727, 19.020952, 19.375484 ] }, { "date": "2026-05-15", "close": 17.700001, "volume": 184000, "typical_volume": 229923.4, "trend": 19.716667, "fair_value": 24.396154, "relative_strength": -46.72477, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.556588, "energy": 39.860917, "activity_lines": [ 18.256667, 18.396364, 18.85619, 19.237957 ] }, { "date": "2026-05-22", "close": 17.6, "volume": 278000, "typical_volume": 233223.05, "trend": 19.61, "fair_value": 24.33109, "relative_strength": -47.664919, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.618601, "energy": 46.680987, "activity_lines": [ 17.98, 18.240909, 18.691429, 19.101398 ] }, { "date": "2026-05-29", "close": 18.200001, "volume": 204010, "typical_volume": 235723.3, "trend": 19.536667, "fair_value": 24.267628, "relative_strength": -48.180921, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.411359, "energy": 42.312203, "activity_lines": [ 17.996667, 18.204546, 18.596905, 19.01043 ] }, { "date": "2026-06-05", "close": 18.4, "volume": 307000, "typical_volume": 239873.3, "trend": 19.458333, "fair_value": 24.200641, "relative_strength": -47.227205, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.952729, "energy": 36.483145, "activity_lines": [ 18.093334, 18.221818, 18.533333, 18.937097 ] }, { "date": "2026-06-12", "close": 17.200001, "volume": 114010, "typical_volume": 181023.55, "trend": 19.341667, "fair_value": 24.125962, "relative_strength": -48.589833, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.486879, "energy": 41.245545, "activity_lines": [ 17.806667, 18.02, 18.362857, 18.791398 ] }, { "date": "2026-06-19", "close": 17.450001, "volume": 117500, "typical_volume": 160498.55, "trend": 19.22, "fair_value": 24.052885, "relative_strength": -49.299771, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.495192, "energy": 37.760991, "activity_lines": [ 17.683334, 17.879091, 18.233096, 18.669355 ] }, { "date": "2026-06-26", "close": 17.15, "volume": 110000, "typical_volume": 153648.55, "trend": 19.115, "fair_value": 23.977564, "relative_strength": -46.89664, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.418299, "energy": 47.830792, "activity_lines": [ 17.476667, 17.706364, 18.091905, 18.535807 ] }, { "date": "2026-07-03", "close": 17.0, "volume": 175109, "typical_volume": 155554.0, "trend": 19.0, "fair_value": 23.89968, "relative_strength": -48.719761, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.994703, "energy": 58.073017, "activity_lines": [ 17.25, 17.54, 17.950476, 18.399355 ] }, { "date": "2026-07-10", "close": 16.799999, "volume": 0, "typical_volume": 152702.5, "trend": 18.875, "fair_value": 23.822756, "relative_strength": -46.60522, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.53185, "energy": 62.348804, "activity_lines": [ 17.036667, 17.362727, 17.803334, 18.257419 ] }, { "date": "2026-07-17", "close": 15.95, "volume": 301524, "typical_volume": 160868.7, "trend": 18.735, "fair_value": 23.737821, "relative_strength": -44.93844, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.887688, "energy": 73.338613, "activity_lines": [ 16.646666, 17.064546, 17.590476, 18.06871 ] }, { "date": "2026-07-24", "close": 16.0, "volume": 117000, "typical_volume": 158618.7, "trend": 18.611667, "fair_value": 23.654487, "relative_strength": -44.674478, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.052015, "energy": 78.79466, "activity_lines": [ 16.356666, 16.82, 17.401905, 17.892258 ] }, { "date": "2026-07-31", "close": 15.35, "volume": 131000, "typical_volume": 160768.65, "trend": 18.445, "fair_value": 23.56859, "relative_strength": -45.014397, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.743014, "energy": 83.509858, "activity_lines": [ 15.946667, 16.488182, 17.167143, 17.681828 ] }, { "date": "2026-08-07", "close": 15.25, "volume": 65016, "typical_volume": 156819.45, "trend": 18.263333, "fair_value": 23.485256, "relative_strength": -45.327342, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.569188, "energy": 83.574362, "activity_lines": [ 15.623333, 16.179091, 16.936191, 17.475699 ] }, { "date": "2026-08-14", "close": 14.85, "volume": 75000, "typical_volume": 155419.45, "trend": 18.093333, "fair_value": 23.399359, "relative_strength": -47.298107, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.881443, "energy": 87.082211, "activity_lines": [ 15.283333, 15.850909, 16.685714, 17.255484 ] } ], "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." } } }