{ "ticker": { "uuid": "1432f14f-f2e4-4885-a1f3-b12d52c50d3b", "symbol": "1517", "name": "Lee Chi Enterprises Company Ltd.", "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": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 85.921, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Emerging rotation", "architecture_gate": "mixed", "architecture_direction": 13.893, "architecture_energy": 17.837, "architecture_maturity": 16.872, "architecture_confidence": 49.716, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 53.9, "rotation_up": 45.01, "upward_expansion": 37.63, "deceleration": 41.38, "rotation_down": 20.08, "downward_expansion": 14.97 }, "activity_lines": [ 11.493333, 11.31, 10.940714, 10.97043 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 11.45, "trend_reference": 11.16, "distance_from_trend": 0.025986, "trend_direction": "Weakening", "fair_value": 13.202457, "distance_from_fair_value": -0.132737, "fair_value_direction": "Improving", "relative_strength": -27.62213, "relative_strength_direction": "Improving", "price_momentum": -0.025532, "excess_performance": -0.466904, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.025986, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.006381, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.132737, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.132989, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.276221, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.114635, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.025532, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.89894, "read": "Demand-led" } ], "volume": { "latest": 6753431, "relative_activity": 2.16951, "balance": 1.89894, "dry_up": 2.007968, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.088747, "annualized_volatility": 0.312492, "from_high_reference": -0.239203, "from_low_reference": 0.166914 }, "levels": { "trend_reference": 11.16, "fair_value_reference": 13.202457, "structural_low": 9.94, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 3, "median_return": -0.035144, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.039968, "regime_survival": 0.0, "best_return": 0.014699, "worst_return": -0.068, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 3, "median_return": -0.090201, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.104834, "regime_survival": 0.0, "best_return": 0.044728, "worst_return": -0.132, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.104, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.244791, "regime_survival": 0.0, "best_return": 0.076677, "worst_return": -0.17291, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.215975, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.400313, "regime_survival": 0.0, "best_return": -0.093622, "worst_return": -0.338328, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-08", "end": "2024-08-23", "tenure": "Established", "return": -0.069768, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-30", "end": "2024-09-06", "tenure": "New", "return": -0.033742, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-09-13", "end": "2024-09-20", "tenure": "New", "return": 0.022951, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-27", "end": "2025-03-07", "tenure": "Established", "return": -0.100946, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-14", "end": "2025-04-04", "tenure": "New", "return": -0.052632, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-09-19", "tenure": "Established", "return": -0.013436, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-26", "end": "2025-10-03", "tenure": "New", "return": -0.004587, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-10-10", "end": "2025-10-24", "tenure": "New", "return": 0.032, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-31", "end": "2025-11-21", "tenure": "New", "return": -0.050847, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2026-01-30", "tenure": "Developing", "return": 0.047414, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-06", "end": "2026-03-20", "tenure": "Developing", "return": -0.029787, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-27", "end": "2026-04-24", "tenure": "Developing", "return": -0.057522, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-01", "end": "2026-07-17", "tenure": "Developing", "return": 0.168269, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-24", "end": "2026-08-14", "tenure": "New", "return": 0.013274, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 14.849099, "volume": 1525728, "typical_volume": 1682388.55, "trend": 17.470155, "fair_value": 18.907469, "relative_strength": -28.266699, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.548867, "energy": 93.635679, "activity_lines": [ 15.257259, 15.830178, 16.467596, 16.910139 ] }, { "date": "2023-08-18", "close": 14.574962, "volume": 1612763, "typical_volume": 1650565.3, "trend": 17.340702, "fair_value": 18.944809, "relative_strength": -28.063084, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.957812, "energy": 93.228058, "activity_lines": [ 14.989213, 15.514505, 16.242195, 16.723352 ] }, { "date": "2023-08-25", "close": 14.346514, "volume": 1030076, "typical_volume": 1668739.1, "trend": 17.208202, "fair_value": 18.980134, "relative_strength": -28.991307, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.910857, "energy": 92.706364, "activity_lines": [ 14.724214, 15.209631, 16.011571, 16.530179 ] }, { "date": "2023-09-01", "close": 14.986167, "volume": 1574779, "typical_volume": 1658365.0, "trend": 17.075702, "fair_value": 19.01846, "relative_strength": -25.876447, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.913192, "energy": 80.921129, "activity_lines": [ 14.739444, 15.077546, 15.860143, 16.386822 ] }, { "date": "2023-09-08", "close": 14.849099, "volume": 1601182, "typical_volume": 1622321.9, "trend": 16.95234, "fair_value": 19.054258, "relative_strength": -25.459679, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.879544, "energy": 65.438627, "activity_lines": [ 14.748582, 14.961246, 15.711761, 16.24317 ] }, { "date": "2023-09-15", "close": 14.720227, "volume": 2502727, "typical_volume": 1635618.2, "trend": 16.826206, "fair_value": 19.088954, "relative_strength": -26.898854, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.966738, "energy": 63.432961, "activity_lines": [ 14.748268, 14.86305, 15.564594, 16.099163 ] }, { "date": "2023-09-22", "close": 14.623384, "volume": 958855, "typical_volume": 1575088.7, "trend": 16.686183, "fair_value": 19.119984, "relative_strength": -24.022367, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.546469, "energy": 60.17201, "activity_lines": [ 14.724265, 14.787802, 15.420567, 15.957045 ] }, { "date": "2023-09-29", "close": 14.526541, "volume": 460784, "typical_volume": 1505938.05, "trend": 16.545977, "fair_value": 19.148993, "relative_strength": -23.646138, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.002697, "energy": 59.551599, "activity_lines": [ 14.664752, 14.715665, 15.281011, 15.817713 ] }, { "date": "2023-10-06", "close": 14.574962, "volume": 1032521, "typical_volume": 1497526.4, "trend": 16.410431, "fair_value": 19.172153, "relative_strength": -23.359889, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.208206, "energy": 56.323147, "activity_lines": [ 14.609379, 14.667335, 15.15674, 15.690551 ] }, { "date": "2023-10-13", "close": 14.429696, "volume": 565411, "typical_volume": 1427609.65, "trend": 16.291365, "fair_value": 19.202501, "relative_strength": -24.406531, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.343303, "energy": 62.44101, "activity_lines": [ 14.532996, 14.610868, 15.030818, 15.562762 ] }, { "date": "2023-10-20", "close": 14.284431, "volume": 861609, "typical_volume": 1400506.3, "trend": 16.158319, "fair_value": 19.229958, "relative_strength": -22.741645, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.359113, "energy": 64.216967, "activity_lines": [ 14.436153, 14.544752, 14.903719, 15.433282 ] }, { "date": "2023-10-27", "close": 13.9939, "volume": 916877, "typical_volume": 1400493.0, "trend": 16.023204, "fair_value": 19.253312, "relative_strength": -21.975164, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.529669, "energy": 79.899749, "activity_lines": [ 14.271518, 14.43608, 14.764911, 15.293642 ] }, { "date": "2023-11-03", "close": 14.090744, "volume": 975881, "typical_volume": 1355355.35, "trend": 15.886747, "fair_value": 19.277568, "relative_strength": -22.302563, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.331979, "energy": 78.014174, "activity_lines": [ 14.181131, 14.35558, 14.651801, 15.168967 ] }, { "date": "2023-11-10", "close": 14.381275, "volume": 693740, "typical_volume": 1346932.05, "trend": 15.753883, "fair_value": 19.301446, "relative_strength": -20.5164, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.339718, "energy": 60.67915, "activity_lines": [ 14.216641, 14.332555, 14.582372, 15.07184 ] }, { "date": "2023-11-17", "close": 14.913915, "volume": 1262880, "typical_volume": 1365498.2, "trend": 15.661619, "fair_value": 19.32426, "relative_strength": -19.213507, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.997072, "energy": 43.2008, "activity_lines": [ 14.442609, 14.417371, 14.577213, 15.017649 ] }, { "date": "2023-11-24", "close": 15.05918, "volume": 1011185, "typical_volume": 1350994.35, "trend": 15.58638, "fair_value": 19.332887, "relative_strength": -17.960959, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.986125, "energy": 21.115627, "activity_lines": [ 14.684718, 14.527421, 14.596458, 14.978782 ] }, { "date": "2023-12-01", "close": 15.301289, "volume": 1174654, "typical_volume": 1253673.3, "trend": 15.51312, "fair_value": 19.350624, "relative_strength": -16.582591, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 7.331209, "energy": 23.946749, "activity_lines": [ 14.95588, 14.675327, 14.647769, 14.960389 ] }, { "date": "2023-12-08", "close": 14.913915, "volume": 917268, "typical_volume": 1182529.8, "trend": 15.451315, "fair_value": 19.364479, "relative_strength": -17.543509, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -4.762238, "energy": 26.493482, "activity_lines": [ 15.010758, 14.740477, 14.664385, 14.92173 ] }, { "date": "2023-12-15", "close": 15.204445, "volume": 622677, "typical_volume": 1124336.5, "trend": 15.387011, "fair_value": 19.378237, "relative_strength": -16.466339, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 6.93734, "energy": 28.21496, "activity_lines": [ 15.107602, 14.851406, 14.710756, 14.905803 ] }, { "date": "2023-12-22", "close": 15.156023, "volume": 691349, "typical_volume": 1099647.3, "trend": 15.322616, "fair_value": 19.395883, "relative_strength": -15.687984, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 4.16882, "energy": 24.644863, "activity_lines": [ 15.133427, 14.942087, 14.754303, 14.890901 ] }, { "date": "2023-12-29", "close": 15.05918, "volume": 517578, "typical_volume": 1049239.8, "trend": 15.236716, "fair_value": 19.415428, "relative_strength": -17.085121, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": 0.173306, "energy": 16.06775, "activity_lines": [ 15.11083, 15.001954, 14.78956, 14.873905 ] }, { "date": "2024-01-05", "close": 14.817071, "volume": 365788, "typical_volume": 986891.05, "trend": 15.148839, "fair_value": 19.432022, "relative_strength": -15.770899, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -3.912369, "energy": 11.691804, "activity_lines": [ 15.00753, 15.003715, 14.800758, 14.846831 ] }, { "date": "2024-01-12", "close": 14.817071, "volume": 416579, "typical_volume": 956216.2, "trend": 15.060961, "fair_value": 19.448895, "relative_strength": -15.001416, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -18.50493, "energy": 10.515326, "activity_lines": [ 14.936511, 14.990509, 14.810803, 14.825427 ] }, { "date": "2024-01-19", "close": 14.623384, "volume": 612123, "typical_volume": 908083.4, "trend": 14.974242, "fair_value": 19.462847, "relative_strength": -16.236176, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -26.524923, "energy": 18.719436, "activity_lines": [ 14.807387, 14.928881, 14.800161, 14.797196 ] }, { "date": "2024-01-26", "close": 14.671805, "volume": 661558, "typical_volume": 861102.2, "trend": 14.892183, "fair_value": 19.47795, "relative_strength": -16.755642, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -27.018298, "energy": 22.4528, "activity_lines": [ 14.73314, 14.871655, 14.795858, 14.777684 ] }, { "date": "2024-02-02", "close": 14.768649, "volume": 1304963, "typical_volume": 801214.0, "trend": 14.819444, "fair_value": 19.497592, "relative_strength": -15.850541, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.356724, "energy": 14.240874, "activity_lines": [ 14.723455, 14.83644, 14.801622, 14.769714 ] }, { "date": "2024-02-09", "close": 14.817071, "volume": 795048, "typical_volume": 793023.65, "trend": 14.787917, "fair_value": 19.521744, "relative_strength": -15.11955, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.018662, "energy": 10.261363, "activity_lines": [ 14.74928, 14.81531, 14.811768, 14.769561 ] }, { "date": "2024-02-16", "close": 15.107602, "volume": 796196, "typical_volume": 809794.25, "trend": 14.77978, "fair_value": 19.548319, "relative_strength": -15.184407, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 51.07841, "energy": 20.214106, "activity_lines": [ 14.871949, 14.855808, 14.84866, 14.790186 ] }, { "date": "2024-02-23", "close": 15.05918, "volume": 2993926, "typical_volume": 907864.5, "trend": 14.762415, "fair_value": 19.572343, "relative_strength": -16.014726, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.78439, "energy": 24.882344, "activity_lines": [ 14.959108, 14.883981, 14.878175, 14.808211 ] }, { "date": "2024-03-01", "close": 15.737085, "volume": 1218038, "typical_volume": 940495.85, "trend": 14.775262, "fair_value": 19.593155, "relative_strength": -11.7911, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 73.447583, "energy": 60.91401, "activity_lines": [ 15.243183, 15.03805, 14.969945, 14.871093 ] }, { "date": "2024-03-08", "close": 16.657101, "volume": 24412281, "typical_volume": 2118029.45, "trend": 14.835529, "fair_value": 19.620423, "relative_strength": -9.983341, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.090083, "energy": 75.985081, "activity_lines": [ 15.762911, 15.348831, 15.143111, 14.992502 ] }, { "date": "2024-03-15", "close": 15.979195, "volume": 6811100, "typical_volume": 2412740.6, "trend": 14.882337, "fair_value": 19.642787, "relative_strength": -12.560891, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.512112, "energy": 69.766059, "activity_lines": [ 15.930773, 15.507302, 15.240416, 15.066287 ] }, { "date": "2024-03-22", "close": 15.833928, "volume": 4642515, "typical_volume": 2596072.3, "trend": 14.931917, "fair_value": 19.660299, "relative_strength": -15.050898, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.326202, "energy": 66.673498, "activity_lines": [ 15.972738, 15.618232, 15.314432, 15.12768 ] }, { "date": "2024-03-29", "close": 15.640241, "volume": 3113673, "typical_volume": 2717068.95, "trend": 14.95372, "fair_value": 19.67825, "relative_strength": -15.718021, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.764574, "energy": 47.315695, "activity_lines": [ 15.901719, 15.675458, 15.361701, 15.173379 ] }, { "date": "2024-04-05", "close": 15.543397, "volume": 865082, "typical_volume": 2697179.05, "trend": 14.976863, "fair_value": 19.681022, "relative_strength": -15.737114, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.339669, "energy": 30.678648, "activity_lines": [ 15.759682, 15.696587, 15.393752, 15.211422 ] }, { "date": "2024-04-12", "close": 16.027615, "volume": 4771820, "typical_volume": 2885210.8, "trend": 15.020442, "fair_value": 19.659183, "relative_strength": -14.091442, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.823618, "energy": 29.238559, "activity_lines": [ 15.791962, 15.789909, 15.46892, 15.279213 ] }, { "date": "2024-04-19", "close": 15.301289, "volume": 2798941, "typical_volume": 2966425.15, "trend": 15.043039, "fair_value": 19.583695, "relative_strength": -12.248975, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 35.217343, "energy": 16.948175, "activity_lines": [ 15.6241, 15.728281, 15.470304, 15.297332 ] }, { "date": "2024-04-26", "close": 15.785506, "volume": 2197800, "typical_volume": 3030451.75, "trend": 15.085005, "fair_value": 19.505712, "relative_strength": -11.518867, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 35.862837, "energy": 17.221653, "activity_lines": [ 15.662838, 15.745889, 15.517803, 15.345233 ] }, { "date": "2024-05-03", "close": 15.688664, "volume": 1038813, "typical_volume": 3051258.55, "trend": 15.122128, "fair_value": 19.439707, "relative_strength": -12.307012, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 34.774924, "energy": 17.333238, "activity_lines": [ 15.672523, 15.733563, 15.551929, 15.384179 ] }, { "date": "2024-05-10", "close": 15.737085, "volume": 1198287, "typical_volume": 3076605.45, "trend": 15.165708, "fair_value": 19.368412, "relative_strength": -13.032725, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 35.42619, "energy": 15.783407, "activity_lines": [ 15.695119, 15.718597, 15.588361, 15.423853 ] }, { "date": "2024-05-17", "close": 16.511833, "volume": 4223377, "typical_volume": 3261895.4, "trend": 15.239955, "fair_value": 19.314402, "relative_strength": -10.554259, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.711765, "energy": 31.940085, "activity_lines": [ 15.963053, 15.844493, 15.695811, 15.5107 ] }, { "date": "2024-05-24", "close": 15.930774, "volume": 2329599, "typical_volume": 3360085.95, "trend": 15.304517, "fair_value": 19.285783, "relative_strength": -14.367436, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.004481, "energy": 29.119059, "activity_lines": [ 16.005019, 15.867384, 15.741005, 15.555269 ] }, { "date": "2024-05-31", "close": 16.366568, "volume": 2228892, "typical_volume": 3450701.6, "trend": 15.380378, "fair_value": 19.257718, "relative_strength": -9.831697, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.935314, "energy": 39.100997, "activity_lines": [ 16.150285, 15.97039, 15.8224, 15.623788 ] }, { "date": "2024-06-07", "close": 16.221302, "volume": 2172815, "typical_volume": 3528736.2, "trend": 15.441712, "fair_value": 19.218643, "relative_strength": -12.859413, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.977818, "energy": 48.174615, "activity_lines": [ 16.20839, 16.0373, 15.882581, 15.678042 ] }, { "date": "2024-06-14", "close": 15.979195, "volume": 1346265, "typical_volume": 3562971.55, "trend": 15.477221, "fair_value": 19.177736, "relative_strength": -16.057682, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.040041, "energy": 34.850787, "activity_lines": [ 16.150285, 16.049626, 15.912095, 15.712718 ] }, { "date": "2024-06-21", "close": 16.318148, "volume": 2124557, "typical_volume": 3603951.25, "trend": 15.519187, "fair_value": 19.142081, "relative_strength": -16.468143, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.453384, "energy": 36.768808, "activity_lines": [ 16.189022, 16.115656, 15.967665, 15.766971 ] }, { "date": "2024-06-28", "close": 16.511833, "volume": 2292554, "typical_volume": 3678826.55, "trend": 15.559539, "fair_value": 19.104589, "relative_strength": -14.083012, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.164837, "energy": 37.59222, "activity_lines": [ 16.305234, 16.211619, 16.034303, 15.831013 ] }, { "date": "2024-07-05", "close": 17.044474, "volume": 2822823, "typical_volume": 3780157.9, "trend": 15.630557, "fair_value": 19.069671, "relative_strength": -12.694731, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.977875, "energy": 46.562069, "activity_lines": [ 16.560256, 16.382416, 16.143598, 15.926815 ] }, { "date": "2024-07-12", "close": 16.850786, "volume": 3090046, "typical_volume": 3784963.9, "trend": 15.685435, "fair_value": 19.012234, "relative_strength": -14.576049, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.757584, "energy": 55.423583, "activity_lines": [ 16.705521, 16.495106, 16.225223, 16.00554 ] }, { "date": "2024-07-19", "close": 16.899208, "volume": 3679574, "typical_volume": 3908040.7, "trend": 15.743541, "fair_value": 18.953429, "relative_strength": -10.065272, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.279654, "energy": 57.146144, "activity_lines": [ 16.824961, 16.595472, 16.302928, 16.083848 ] }, { "date": "2024-07-26", "close": 16.705521, "volume": 1571091, "typical_volume": 2765981.2, "trend": 15.798419, "fair_value": 18.90094, "relative_strength": -7.766827, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.14079, "energy": 50.408948, "activity_lines": [ 16.818505, 16.639491, 16.356653, 16.145911 ] }, { "date": "2024-08-02", "close": 16.899208, "volume": 2221703, "typical_volume": 2536511.35, "trend": 15.867824, "fair_value": 18.853613, "relative_strength": -4.329836, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.26085, "energy": 36.581405, "activity_lines": [ 16.850786, 16.715205, 16.428594, 16.216929 ] }, { "date": "2024-08-09", "close": 15.543397, "volume": 2618820, "typical_volume": 2435326.6, "trend": 15.892035, "fair_value": 18.775198, "relative_strength": -10.95476, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 20.200206, "energy": 10.395384, "activity_lines": [ 16.405305, 16.5268, 16.36703, 16.195999 ] }, { "date": "2024-08-16", "close": 15.446554, "volume": 2092152, "typical_volume": 2384250.55, "trend": 15.919474, "fair_value": 18.712679, "relative_strength": -14.593995, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 10.250579, "energy": 13.861028, "activity_lines": [ 16.027615, 16.335754, 16.297625, 16.167258 ] }, { "date": "2024-08-23", "close": 15.494976, "volume": 1165293, "typical_volume": 2399261.1, "trend": 15.946913, "fair_value": 18.662789, "relative_strength": -13.233761, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -18.706102, "energy": 23.818475, "activity_lines": [ 15.759682, 16.167599, 16.233754, 16.139871 ] }, { "date": "2024-08-30", "close": 15.785506, "volume": 1048035, "typical_volume": 2213071.85, "trend": 15.980808, "fair_value": 18.6268, "relative_strength": -11.640034, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.147576, "energy": 26.957342, "activity_lines": [ 15.682207, 16.061071, 16.197784, 16.129458 ] }, { "date": "2024-09-06", "close": 15.252868, "volume": 1244074, "typical_volume": 2135328.5, "trend": 15.995335, "fair_value": 18.574798, "relative_strength": -10.910528, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -25.426173, "energy": 44.019593, "activity_lines": [ 15.48852, 15.867384, 16.112239, 16.082494 ] }, { "date": "2024-09-13", "close": 14.963615, "volume": 1133377, "typical_volume": 2082107.35, "trend": 15.990535, "fair_value": 18.512263, "relative_strength": -13.523749, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.429539, "energy": 52.318945, "activity_lines": [ 15.308171, 15.643995, 15.999376, 16.015931 ] }, { "date": "2024-09-20", "close": 15.307043, "volume": 651367, "typical_volume": 2062735.05, "trend": 15.998797, "fair_value": 18.459769, "relative_strength": -12.704426, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -57.175888, "energy": 51.509725, "activity_lines": [ 15.280951, 15.520883, 15.923135, 15.971835 ] }, { "date": "2024-09-27", "close": 15.552348, "volume": 819967, "typical_volume": 2043819.05, "trend": 15.992639, "fair_value": 18.403503, "relative_strength": -13.448406, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.337268, "energy": 44.514514, "activity_lines": [ 15.3448, 15.470439, 15.872073, 15.943032 ] }, { "date": "2024-10-04", "close": 15.552348, "volume": 505396, "typical_volume": 1857920.0, "trend": 15.955814, "fair_value": 18.338446, "relative_strength": -11.02828, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.151595, "energy": 33.548398, "activity_lines": [ 15.404824, 15.444483, 15.821892, 15.914626 ] }, { "date": "2024-10-11", "close": 15.012676, "volume": 959651, "typical_volume": 1789422.6, "trend": 15.923597, "fair_value": 18.287227, "relative_strength": -15.940382, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.986306, "energy": 35.596595, "activity_lines": [ 15.300501, 15.341372, 15.724881, 15.853778 ] }, { "date": "2024-10-18", "close": 15.012676, "volume": 648940, "typical_volume": 1710425.0, "trend": 15.896222, "fair_value": 18.241112, "relative_strength": -17.569475, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.438822, "energy": 40.367848, "activity_lines": [ 15.212191, 15.272562, 15.632243, 15.795009 ] }, { "date": "2024-10-25", "close": 14.914554, "volume": 620803, "typical_volume": 1632824.4, "trend": 15.872032, "fair_value": 18.198622, "relative_strength": -17.151765, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.382921, "energy": 54.798304, "activity_lines": [ 15.087903, 15.19556, 15.536707, 15.731676 ] }, { "date": "2024-11-01", "close": 14.620188, "volume": 803764, "typical_volume": 1605699.35, "trend": 15.841259, "fair_value": 18.154528, "relative_strength": -16.318595, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.101735, "energy": 71.191112, "activity_lines": [ 14.891659, 15.074711, 15.419358, 15.650912 ] }, { "date": "2024-11-08", "close": 14.669249, "volume": 440682, "typical_volume": 1521505.6, "trend": 15.79598, "fair_value": 18.106496, "relative_strength": -18.306086, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.203605, "energy": 83.552545, "activity_lines": [ 14.773912, 14.978687, 15.313154, 15.575298 ] }, { "date": "2024-11-15", "close": 14.031456, "volume": 757098, "typical_volume": 1444732.8, "trend": 15.753652, "fair_value": 18.045017, "relative_strength": -18.558123, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.421531, "energy": 93.053097, "activity_lines": [ 14.502442, 14.786996, 15.154059, 15.461458 ] }, { "date": "2024-11-22", "close": 14.178638, "volume": 624432, "typical_volume": 1334813.25, "trend": 15.70009, "fair_value": 17.972005, "relative_strength": -17.758046, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.50547, "energy": 89.708125, "activity_lines": [ 14.345446, 14.644272, 15.020793, 15.359844 ] }, { "date": "2024-11-29", "close": 13.884272, "volume": 622758, "typical_volume": 1211448.85, "trend": 15.639943, "fair_value": 17.90221, "relative_strength": -16.602959, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.927805, "energy": 91.332596, "activity_lines": [ 14.145931, 14.4623, 14.873139, 15.242695 ] }, { "date": "2024-12-06", "close": 13.933333, "volume": 718795, "typical_volume": 1063409.9, "trend": 15.579818, "fair_value": 17.838685, "relative_strength": -19.132117, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.946017, "energy": 88.138977, "activity_lines": [ 14.031455, 14.315117, 14.744283, 15.132591 ] }, { "date": "2024-12-13", "close": 14.522066, "volume": 6667379, "typical_volume": 1318224.3, "trend": 15.513493, "fair_value": 17.776098, "relative_strength": -14.575136, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.105303, "energy": 55.116443, "activity_lines": [ 14.159014, 14.304413, 14.685621, 15.064349 ] }, { "date": "2024-12-20", "close": 13.737089, "volume": 1533376, "typical_volume": 1283807.95, "trend": 15.44037, "fair_value": 17.704509, "relative_strength": -16.817262, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.068712, "energy": 57.247214, "activity_lines": [ 14.034726, 14.169718, 14.562596, 14.949742 ] }, { "date": "2024-12-27", "close": 13.835212, "volume": 834836, "typical_volume": 1194608.75, "trend": 15.355991, "fair_value": 17.638936, "relative_strength": -18.453477, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.548882, "energy": 52.083065, "activity_lines": [ 13.96277, 14.076056, 14.463974, 14.846183 ] }, { "date": "2025-01-03", "close": 13.246479, "volume": 756819, "typical_volume": 1127842.1, "trend": 15.256831, "fair_value": 17.571008, "relative_strength": -20.107555, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.646717, "energy": 58.421117, "activity_lines": [ 13.717465, 13.896761, 14.317417, 14.710086 ] }, { "date": "2025-01-10", "close": 12.706807, "volume": 1223716, "typical_volume": 1130763.25, "trend": 15.147751, "fair_value": 17.497919, "relative_strength": -23.106898, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.364573, "energy": 76.359035, "activity_lines": [ 13.334789, 13.649671, 14.129938, 14.545568 ] }, { "date": "2025-01-17", "close": 12.706807, "volume": 801252, "typical_volume": 1118424.1, "trend": 15.027373, "fair_value": 17.430784, "relative_strength": -22.985829, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.211766, "energy": 80.408883, "activity_lines": [ 13.033881, 13.437371, 13.955737, 14.388088 ] }, { "date": "2025-01-24", "close": 12.853992, "volume": 348049, "typical_volume": 1073622.85, "trend": 14.905445, "fair_value": 17.359489, "relative_strength": -22.783032, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.401754, "energy": 78.206257, "activity_lines": [ 12.903052, 13.287512, 13.810214, 14.24787 ] }, { "date": "2025-02-07", "close": 13.29554, "volume": 626497, "typical_volume": 1048278.85, "trend": 14.78048, "fair_value": 17.298681, "relative_strength": -19.419479, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.910219, "energy": 58.328638, "activity_lines": [ 12.978279, 13.239343, 13.718166, 14.144005 ] }, { "date": "2025-02-14", "close": 13.884272, "volume": 1025216, "typical_volume": 1066971.3, "trend": 14.681597, "fair_value": 17.242497, "relative_strength": -14.152985, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.79355, "energy": 41.547152, "activity_lines": [ 13.285728, 13.314272, 13.690131, 14.086185 ] }, { "date": "2025-02-21", "close": 14.227699, "volume": 724090, "typical_volume": 1062177.45, "trend": 14.592546, "fair_value": 17.18256, "relative_strength": -13.666211, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.95634, "energy": 18.592289, "activity_lines": [ 13.665133, 13.451643, 13.701578, 14.056901 ] }, { "date": "2025-02-28", "close": 14.080517, "volume": 404646, "typical_volume": 1057139.95, "trend": 14.505046, "fair_value": 17.125933, "relative_strength": -11.593467, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.151456, "energy": 22.926669, "activity_lines": [ 13.894085, 13.556901, 13.705316, 14.023867 ] }, { "date": "2025-03-07", "close": 13.982394, "volume": 639018, "typical_volume": 1041108.3, "trend": 14.407819, "fair_value": 17.074916, "relative_strength": -9.822787, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.558219, "energy": 23.058154, "activity_lines": [ 13.998748, 13.652347, 13.706718, 13.990148 ] }, { "date": "2025-03-14", "close": 13.982394, "volume": 662017, "typical_volume": 1041762.15, "trend": 14.355786, "fair_value": 17.023331, "relative_strength": -6.790834, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.472337, "energy": 16.783641, "activity_lines": [ 14.028184, 13.743333, 13.713026, 13.962701 ] }, { "date": "2025-03-21", "close": 14.325822, "volume": 759194, "typical_volume": 1048681.7, "trend": 14.318428, "fair_value": 16.979619, "relative_strength": -5.092147, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.453999, "energy": 15.857954, "activity_lines": [ 14.126307, 13.894085, 13.756947, 13.960768 ] }, { "date": "2025-03-28", "close": 13.589907, "volume": 584943, "typical_volume": 1037740.65, "trend": 14.254926, "fair_value": 16.928354, "relative_strength": -7.036869, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.315245, "energy": 12.619391, "activity_lines": [ 13.949687, 13.891409, 13.733585, 13.913766 ] }, { "date": "2025-04-04", "close": 13.246479, "volume": 361935, "typical_volume": 1033803.3, "trend": 14.170291, "fair_value": 16.876021, "relative_strength": -7.699814, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.776479, "energy": 21.101165, "activity_lines": [ 13.701111, 13.810235, 13.682421, 13.848705 ] }, { "date": "2025-04-11", "close": 10.744366, "volume": 1626480, "typical_volume": 1077272.4, "trend": 14.020008, "fair_value": 16.809635, "relative_strength": -17.848975, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.791826, "energy": 74.846525, "activity_lines": [ 12.6741, 13.264319, 13.399736, 13.627678 ] }, { "date": "2025-04-18", "close": 10.842488, "volume": 709320, "typical_volume": 1081516.8, "trend": 13.882637, "fair_value": 16.747847, "relative_strength": -16.011265, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.65463, "energy": 89.261759, "activity_lines": [ 11.895665, 12.774601, 13.142049, 13.422677 ] }, { "date": "2025-04-25", "close": 10.842488, "volume": 373790, "typical_volume": 1069068.4, "trend": 13.733819, "fair_value": 16.688045, "relative_strength": -17.462646, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.559963, "energy": 92.072793, "activity_lines": [ 11.326557, 12.329484, 12.900248, 13.226538 ] }, { "date": "2025-05-02", "close": 10.989672, "volume": 515555, "typical_volume": 1058906.4, "trend": 13.581729, "fair_value": 16.624648, "relative_strength": -19.424364, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.819598, "energy": 89.296294, "activity_lines": [ 11.038732, 11.966432, 12.68695, 13.049496 ] }, { "date": "2025-05-09", "close": 11.529343, "volume": 739368, "typical_volume": 762505.85, "trend": 13.447629, "fair_value": 16.576905, "relative_strength": -15.436049, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.278857, "energy": 85.073549, "activity_lines": [ 11.104147, 11.760376, 12.539066, 12.917084 ] }, { "date": "2025-05-16", "close": 11.43122, "volume": 550811, "typical_volume": 713377.6, "trend": 13.328247, "fair_value": 16.524279, "relative_strength": -19.155967, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.632032, "energy": 62.458491, "activity_lines": [ 11.25133, 11.582864, 12.396088, 12.786993 ] }, { "date": "2025-05-23", "close": 11.185915, "volume": 402307, "typical_volume": 691751.15, "trend": 13.200689, "fair_value": 16.477453, "relative_strength": -19.569836, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.548775, "energy": 55.722073, "activity_lines": [ 11.270954, 11.407136, 12.240728, 12.648778 ] }, { "date": "2025-05-30", "close": 11.136855, "volume": 482623, "typical_volume": 678041.35, "trend": 13.074765, "fair_value": 16.424642, "relative_strength": -18.247518, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.688468, "energy": 50.829951, "activity_lines": [ 11.25133, 11.273333, 12.093311, 12.515628 ] }, { "date": "2025-06-06", "close": 10.842488, "volume": 378016, "typical_volume": 635756.35, "trend": 12.948842, "fair_value": 16.367108, "relative_strength": -20.910609, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.183319, "energy": 54.29373, "activity_lines": [ 11.113959, 11.143991, 11.927905, 12.37161 ] }, { "date": "2025-06-13", "close": 10.400939, "volume": 965665, "typical_volume": 643977.0, "trend": 12.806565, "fair_value": 16.302773, "relative_strength": -24.930632, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.851226, "energy": 59.798088, "activity_lines": [ 10.839217, 10.984319, 11.729325, 12.207229 ] }, { "date": "2025-06-20", "close": 10.057511, "volume": 1059696, "typical_volume": 679559.35, "trend": 12.6741, "fair_value": 16.236804, "relative_strength": -26.750123, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.484448, "energy": 69.509283, "activity_lines": [ 10.525227, 10.813943, 11.509017, 12.029871 ] }, { "date": "2025-06-27", "close": 10.302817, "volume": 630749, "typical_volume": 679771.95, "trend": 12.544906, "fair_value": 16.173259, "relative_strength": -26.179688, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.3401, "energy": 72.17837, "activity_lines": [ 10.384585, 10.700657, 11.325389, 11.876885 ] }, { "date": "2025-07-04", "close": 10.155634, "volume": 455688, "typical_volume": 651295.55, "trend": 12.420618, "fair_value": 16.116142, "relative_strength": -26.519874, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.178433, "energy": 73.686524, "activity_lines": [ 10.253756, 10.570422, 11.141994, 11.722738 ] }, { "date": "2025-07-11", "close": 9.910329, "volume": 650695, "typical_volume": 647625.8, "trend": 12.286518, "fair_value": 16.059155, "relative_strength": -28.288379, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.632872, "energy": 89.626632, "activity_lines": [ 10.106573, 10.408075, 10.952992, 11.560784 ] }, { "date": "2025-07-18", "close": 10.008451, "volume": 517557, "typical_volume": 653271.35, "trend": 12.136064, "fair_value": 16.002229, "relative_strength": -28.913743, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.656833, "energy": 85.820251, "activity_lines": [ 10.054241, 10.283193, 10.793895, 11.413812 ] }, { "date": "2025-07-25", "close": 10.204695, "volume": 587690, "typical_volume": 650704.95, "trend": 12.018318, "fair_value": 15.939472, "relative_strength": -26.754809, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.34756, "energy": 79.733752, "activity_lines": [ 10.09349, 10.221643, 10.672877, 11.289207 ] }, { "date": "2025-08-01", "close": 10.351878, "volume": 1022254, "typical_volume": 668716.8, "trend": 11.902207, "fair_value": 15.869719, "relative_strength": -25.163683, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.368705, "energy": 61.112643, "activity_lines": [ 10.171988, 10.209155, 10.583867, 11.181695 ] }, { "date": "2025-08-08", "close": 10.057511, "volume": 1069897, "typical_volume": 684251.95, "trend": 11.795908, "fair_value": 15.804034, "relative_strength": -28.220868, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.185446, "energy": 57.499965, "activity_lines": [ 10.149092, 10.15831, 10.484109, 11.062683 ] }, { "date": "2025-08-15", "close": 10.204695, "volume": 1285671, "typical_volume": 719288.35, "trend": 11.712504, "fair_value": 15.738441, "relative_strength": -27.378479, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.222099, "energy": 44.169457, "activity_lines": [ 10.1818, 10.15385, 10.418694, 10.960024 ] }, { "date": "2025-08-22", "close": 10.008451, "volume": 1335285, "typical_volume": 767955.85, "trend": 11.622559, "fair_value": 15.663935, "relative_strength": -26.404929, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.121178, "energy": 43.573729, "activity_lines": [ 10.129468, 10.125305, 10.35071, 10.850085 ] }, { "date": "2025-08-29", "close": 10.155634, "volume": 1222430, "typical_volume": 747753.35, "trend": 11.532613, "fair_value": 15.586685, "relative_strength": -26.070626, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.058064, "energy": 41.736791, "activity_lines": [ 10.126197, 10.130657, 10.312162, 10.755445 ] }, { "date": "2025-09-05", "close": 10.45, "volume": 1320624, "typical_volume": 778318.55, "trend": 11.437762, "fair_value": 15.508487, "relative_strength": -24.012195, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.220774, "energy": 29.052151, "activity_lines": [ 10.224319, 10.187747, 10.304452, 10.685598 ] }, { "date": "2025-09-12", "close": 10.3, "volume": 2608742, "typical_volume": 890066.15, "trend": 11.318286, "fair_value": 15.427342, "relative_strength": -27.218389, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.902917, "energy": 25.573914, "activity_lines": [ 10.2659, 10.214887, 10.284326, 10.612194 ] }, { "date": "2025-09-19", "close": 10.6, "volume": 1415392, "typical_volume": 935058.0, "trend": 11.197363, "fair_value": 15.356911, "relative_strength": -24.689882, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.842787, "energy": 16.142083, "activity_lines": [ 10.391315, 10.293948, 10.295354, 10.565853 ] }, { "date": "2025-09-26", "close": 10.9, "volume": 1814062, "typical_volume": 988792.7, "trend": 11.091346, "fair_value": 15.282731, "relative_strength": -21.841464, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.763273, "energy": 14.307432, "activity_lines": [ 10.590376, 10.415015, 10.33681, 10.546669 ] }, { "date": "2025-10-03", "close": 10.85, "volume": 1043345, "typical_volume": 1013419.4, "trend": 10.986933, "fair_value": 15.204963, "relative_strength": -24.901523, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.528463, "energy": 18.134562, "activity_lines": [ 10.713333, 10.510781, 10.3765, 10.531098 ] }, { "date": "2025-10-10", "close": 12.5, "volume": 3968792, "typical_volume": 1191743.65, "trend": 10.93752, "fair_value": 15.154466, "relative_strength": -14.465318, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 54.20016, "energy": 67.130057, "activity_lines": [ 11.34, 10.894814, 10.576101, 10.628715 ] }, { "date": "2025-10-17", "close": 13.05, "volume": 24927611, "typical_volume": 2413993.05, "trend": 10.894992, "fair_value": 15.09988, "relative_strength": -10.13, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 62.814222, "energy": 77.868198, "activity_lines": [ 12.013333, 11.339791, 10.821825, 10.765004 ] }, { "date": "2025-10-24", "close": 12.9, "volume": 2829400, "typical_volume": 2536562.25, "trend": 10.871995, "fair_value": 15.053411, "relative_strength": -11.35784, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 81.511584, "energy": 89.411228, "activity_lines": [ 12.453333, 11.703086, 11.044154, 10.89436 ] }, { "date": "2025-10-31", "close": 11.8, "volume": 2811474, "typical_volume": 2628852.7, "trend": 10.823779, "fair_value": 15.002235, "relative_strength": -20.289504, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.250988, "energy": 79.419193, "activity_lines": [ 12.373333, 11.817375, 11.151923, 10.954231 ] }, { "date": "2025-11-07", "close": 11.65, "volume": 2462030, "typical_volume": 2698969.4, "trend": 10.853967, "fair_value": 14.951561, "relative_strength": -18.991467, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.480828, "energy": 52.340636, "activity_lines": [ 12.183333, 11.871818, 11.238744, 11.007535 ] }, { "date": "2025-11-14", "close": 11.8, "volume": 2289520, "typical_volume": 2781907.95, "trend": 10.885884, "fair_value": 14.894234, "relative_strength": -16.59559, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.475307, "energy": 39.856314, "activity_lines": [ 11.99, 11.926364, 11.332267, 11.06857 ] }, { "date": "2025-11-21", "close": 11.2, "volume": 1421472, "typical_volume": 2830197.15, "trend": 10.897801, "fair_value": 14.83306, "relative_strength": -17.359116, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 37.704311, "energy": 21.602501, "activity_lines": [ 11.643333, 11.847273, 11.361518, 11.088835 ] }, { "date": "2025-11-28", "close": 11.6, "volume": 894441, "typical_volume": 2842384.45, "trend": 10.918146, "fair_value": 14.773572, "relative_strength": -17.482866, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.963367, "energy": 20.98542, "activity_lines": [ 11.553333, 11.824545, 11.423891, 11.134139 ] }, { "date": "2025-12-05", "close": 11.45, "volume": 893894, "typical_volume": 2861201.3, "trend": 10.915501, "fair_value": 14.71488, "relative_strength": -18.924456, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.012154, "energy": 19.509672, "activity_lines": [ 11.5, 11.756364, 11.463932, 11.168452 ] }, { "date": "2025-12-12", "close": 11.2, "volume": 792419, "typical_volume": 2871437.75, "trend": 10.907793, "fair_value": 14.647263, "relative_strength": -20.69021, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.94058, "energy": 18.853343, "activity_lines": [ 11.386667, 11.632727, 11.4733, 11.186807 ] }, { "date": "2025-12-19", "close": 11.25, "volume": 853569, "typical_volume": 2863003.5, "trend": 10.90993, "fair_value": 14.58641, "relative_strength": -18.187457, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.745274, "energy": 15.428224, "activity_lines": [ 11.32, 11.511818, 11.482689, 11.208884 ] }, { "date": "2025-12-26", "close": 11.1, "volume": 361541, "typical_volume": 2827585.7, "trend": 10.908701, "fair_value": 14.53719, "relative_strength": -21.030726, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.450245, "energy": 11.032031, "activity_lines": [ 11.24, 11.386364, 11.473517, 11.221147 ] }, { "date": "2026-01-02", "close": 10.9, "volume": 723169, "typical_volume": 2799460.6, "trend": 10.910618, "fair_value": 14.48903, "relative_strength": -23.887719, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.919523, "energy": 11.537917, "activity_lines": [ 11.1, 11.26, 11.440332, 11.220586 ] }, { "date": "2026-01-09", "close": 10.85, "volume": 1351538, "typical_volume": 2800273.25, "trend": 10.925587, "fair_value": 14.44055, "relative_strength": -25.943813, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 1.298681, "energy": 13.811021, "activity_lines": [ 10.99, 11.160909, 11.399074, 11.216675 ] }, { "date": "2026-01-16", "close": 12.25, "volume": 3161704, "typical_volume": 2897236.95, "trend": 10.99867, "fair_value": 14.399287, "relative_strength": -18.845767, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.786818, "energy": 17.652423, "activity_lines": [ 11.386667, 11.333636, 11.487143, 11.302121 ] }, { "date": "2026-01-23", "close": 12.45, "volume": 8787943, "typical_volume": 3270602.9, "trend": 11.070243, "fair_value": 14.360771, "relative_strength": -18.427053, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 51.579504, "energy": 39.961041, "activity_lines": [ 11.78, 11.531818, 11.584286, 11.395755 ] }, { "date": "2026-01-30", "close": 12.15, "volume": 2605824, "typical_volume": 3270457.0, "trend": 11.136721, "fair_value": 14.32121, "relative_strength": -20.107737, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 54.247201, "energy": 52.248172, "activity_lines": [ 11.993333, 11.663636, 11.643333, 11.465417 ] }, { "date": "2026-02-06", "close": 11.75, "volume": 1271897, "typical_volume": 3263282.25, "trend": 11.198044, "fair_value": 14.274985, "relative_strength": -21.428965, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.792742, "energy": 48.47185, "activity_lines": [ 12.003333, 11.705455, 11.655476, 11.504983 ] }, { "date": "2026-02-13", "close": 11.8, "volume": 536133, "typical_volume": 3199385.8, "trend": 11.257762, "fair_value": 14.231716, "relative_strength": -24.608614, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.024488, "energy": 48.803136, "activity_lines": [ 11.973333, 11.753636, 11.666905, 11.543819 ] }, { "date": "2026-02-27", "close": 12.45, "volume": 1955939, "typical_volume": 3245015.5, "trend": 11.332606, "fair_value": 14.192906, "relative_strength": -23.737426, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.016663, "energy": 46.1044, "activity_lines": [ 12.096667, 11.913636, 11.735952, 11.620738 ] }, { "date": "2026-03-06", "close": 12.1, "volume": 1546013, "typical_volume": 3123876.55, "trend": 11.390876, "fair_value": 14.149803, "relative_strength": -21.052126, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.660476, "energy": 31.237237, "activity_lines": [ 12.09, 11.987273, 11.764048, 11.670247 ] }, { "date": "2026-03-13", "close": 11.2, "volume": 1235347, "typical_volume": 1939263.35, "trend": 11.428959, "fair_value": 14.101517, "relative_strength": -25.597533, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 20.609149, "energy": 11.739586, "activity_lines": [ 11.806667, 11.881818, 11.708333, 11.657932 ] }, { "date": "2026-03-20", "close": 11.4, "volume": 990521, "typical_volume": 1847319.4, "trend": 11.468803, "fair_value": 14.055098, "relative_strength": -23.626349, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 19.944023, "energy": 10.183729, "activity_lines": [ 11.653333, 11.810909, 11.680476, 11.656064 ] }, { "date": "2026-03-27", "close": 11.3, "volume": 1006700, "typical_volume": 1757080.7, "trend": 11.511854, "fair_value": 14.012138, "relative_strength": -22.29005, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.196933, "energy": 11.823373, "activity_lines": [ 11.49, 11.712727, 11.650238, 11.645173 ] }, { "date": "2026-04-03", "close": 11.15, "volume": 932023, "typical_volume": 1680580.35, "trend": 11.545, "fair_value": 13.96646, "relative_strength": -21.058685, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.253789, "energy": 24.935204, "activity_lines": [ 11.31, 11.579091, 11.608095, 11.621828 ] }, { "date": "2026-04-10", "close": 11.1, "volume": 584555, "typical_volume": 1595332.1, "trend": 11.566667, "fair_value": 13.921926, "relative_strength": -26.72354, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.190792, "energy": 33.490572, "activity_lines": [ 11.2, 11.456364, 11.563571, 11.593118 ] }, { "date": "2026-04-17", "close": 11.2, "volume": 1312017, "typical_volume": 1589859.35, "trend": 11.596667, "fair_value": 13.877154, "relative_strength": -28.053388, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -53.514803, "energy": 44.257183, "activity_lines": [ 11.19, 11.376364, 11.531905, 11.569462 ] }, { "date": "2026-04-24", "close": 10.65, "volume": 1849259, "typical_volume": 1637600.25, "trend": 11.598333, "fair_value": 13.827685, "relative_strength": -34.475492, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -68.867579, "energy": 58.685398, "activity_lines": [ 10.996667, 11.213636, 11.447857, 11.508387 ] }, { "date": "2026-05-01", "close": 10.4, "volume": 607684, "typical_volume": 1623289.75, "trend": 11.581667, "fair_value": 13.781006, "relative_strength": -35.172701, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.461839, "energy": 69.190148, "activity_lines": [ 10.77, 11.025455, 11.344524, 11.431075 ] }, { "date": "2026-05-08", "close": 10.1, "volume": 1155981, "typical_volume": 1641467.85, "trend": 11.556667, "fair_value": 13.734747, "relative_strength": -40.297698, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.306685, "energy": 80.259173, "activity_lines": [ 10.503333, 10.808182, 11.217619, 11.335484 ] }, { "date": "2026-05-15", "close": 10.05, "volume": 1407827, "typical_volume": 1669180.75, "trend": 11.475, "fair_value": 13.686997, "relative_strength": -39.085679, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.691246, "energy": 84.197876, "activity_lines": [ 10.29, 10.624545, 11.09119, 11.23828 ] }, { "date": "2026-05-22", "close": 10.0, "volume": 1094454, "typical_volume": 1705826.4, "trend": 11.373333, "fair_value": 13.643612, "relative_strength": -40.136055, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.831596, "energy": 85.02595, "activity_lines": [ 10.13, 10.469091, 10.965714, 11.143118 ] }, { "date": "2026-05-29", "close": 10.0, "volume": 1933706, "typical_volume": 1766353.25, "trend": 11.276667, "fair_value": 13.597884, "relative_strength": -42.616479, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.180235, "energy": 86.770354, "activity_lines": [ 10.05, 10.335455, 10.845476, 11.054516 ] }, { "date": "2026-06-05", "close": 10.45, "volume": 2325947, "typical_volume": 1815073.7, "trend": 11.231667, "fair_value": 13.555333, "relative_strength": -39.620017, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.367462, "energy": 70.444367, "activity_lines": [ 10.163333, 10.309091, 10.772381, 11.001183 ] }, { "date": "2026-06-12", "close": 10.35, "volume": 1101613, "typical_volume": 1712069.15, "trend": 11.188333, "fair_value": 13.508627, "relative_strength": -38.152065, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.063648, "energy": 52.0871, "activity_lines": [ 10.24, 10.28, 10.691667, 10.944301 ] }, { "date": "2026-06-19", "close": 10.5, "volume": 1184733, "typical_volume": 1331908.65, "trend": 11.145, "fair_value": 13.464054, "relative_strength": -39.604576, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.576379, "energy": 38.238409, "activity_lines": [ 10.35, 10.292727, 10.634286, 10.899892 ] }, { "date": "2026-06-26", "close": 10.25, "volume": 1251631, "typical_volume": 1264199.0, "trend": 11.113333, "fair_value": 13.417878, "relative_strength": -37.814902, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.059167, "energy": 32.573802, "activity_lines": [ 10.346667, 10.270909, 10.562381, 10.842151 ] }, { "date": "2026-07-03", "close": 11.2, "volume": 2694701, "typical_volume": 1335339.2, "trend": 11.1, "fair_value": 13.379257, "relative_strength": -34.521338, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.435289, "energy": 17.680039, "activity_lines": [ 10.643333, 10.439091, 10.59, 10.847742 ] }, { "date": "2026-07-10", "close": 10.7, "volume": 0, "typical_volume": 1308532.55, "trend": 11.075, "fair_value": 13.338016, "relative_strength": -34.741466, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.349807, "energy": 21.973406, "activity_lines": [ 10.693333, 10.506364, 10.572619, 10.821935 ] }, { "date": "2026-07-17", "close": 12.15, "volume": 17819246, "typical_volume": 2101697.9, "trend": 11.106667, "fair_value": 13.307242, "relative_strength": -20.600996, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 38.303874, "energy": 34.506013, "activity_lines": [ 11.21, 10.831818, 10.698571, 10.89129 ] }, { "date": "2026-07-24", "close": 11.3, "volume": 7900176, "typical_volume": 2419406.05, "trend": 11.108333, "fair_value": 13.278633, "relative_strength": -27.158607, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 15.923669, "energy": 28.238711, "activity_lines": [ 11.323333, 10.965455, 10.745, 10.903763 ] }, { "date": "2026-07-31", "close": 11.4, "volume": 6347302, "typical_volume": 2675003.8, "trend": 11.118333, "fair_value": 13.253302, "relative_strength": -24.901502, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 15.598313, "energy": 25.813564, "activity_lines": [ 11.416667, 11.094545, 10.804762, 10.922581 ] }, { "date": "2026-08-07", "close": 11.55, "volume": 4001363, "typical_volume": 2825545.9, "trend": 11.14, "fair_value": 13.227468, "relative_strength": -25.077348, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.475307, "energy": 28.275871, "activity_lines": [ 11.483333, 11.225455, 10.877857, 10.95043 ] }, { "date": "2026-08-14", "close": 11.45, "volume": 6753431, "typical_volume": 3112882.45, "trend": 11.16, "fair_value": 13.202457, "relative_strength": -27.62213, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 13.892653, "energy": 17.836612, "activity_lines": [ 11.493333, 11.31, 10.940714, 10.97043 ] } ], "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." } } }