{ "ticker": { "uuid": "16f173af-1279-42fc-a290-faf25df3fbc0", "symbol": "301201", "name": "ChengDa Pharmaceuticals Co., Ltd.", "exchange": "SHZ", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "399001.SZ", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -58.55, "architecture_energy": 55.145, "architecture_maturity": 28.712, "architecture_confidence": 90.167, "architecture_tenure": "Developing", "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": 23.26, "rotation_up": 14.73, "upward_expansion": 10.02, "deceleration": 42.89, "rotation_down": 60.59, "downward_expansion": 81.02 }, "activity_lines": [ 31.621484, 33.058981, 35.130267, 37.246125 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 35.34, "trend_reference": 39.658873, "distance_from_trend": -0.108901, "trend_direction": "Weakening", "fair_value": 26.933172, "distance_from_fair_value": 0.312137, "fair_value_direction": "Weakening", "relative_strength": -9.476186, "relative_strength_direction": "Weakening", "price_momentum": -0.08564, "excess_performance": -0.09304, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.108901, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.061543, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.312137, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.285226, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.094762, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.086866, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.08564, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.238663, "read": "Supply-led" } ], "volume": { "latest": 40862255, "relative_activity": 1.069827, "balance": 0.238663, "dry_up": 1.152641, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.146967, "annualized_volatility": 0.815983, "from_high_reference": -0.456559, "from_low_reference": 0.339651 }, "levels": { "trend_reference": 39.658873, "fair_value_reference": 26.933172, "structural_low": 26.9, "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": 10, "median_return": 0.043855, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": 0.018581, "regime_survival": 0.6, "best_return": 0.173814, "worst_return": -0.262181, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": 0.019199, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.038076, "regime_survival": 0.5, "best_return": 0.079412, "worst_return": -0.07251, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.113445, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.043777, "regime_survival": 0.666667, "best_return": 0.172107, "worst_return": -0.192459, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.301463, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.099448, "regime_survival": 0.5, "best_return": 0.886996, "worst_return": -0.284071, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-21", "end": "2024-08-09", "tenure": "Developing", "return": -0.011747, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-16", "end": "2024-09-06", "tenure": "New", "return": -0.105209, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-13", "end": "2024-09-27", "tenure": "New", "return": 0.103488, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-04", "end": "2024-11-01", "tenure": "Developing", "return": -0.050459, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-08", "end": "2025-01-17", "tenure": "Developing", "return": -0.173129, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-24", "end": "2025-02-21", "tenure": "Developing", "return": 0.123317, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-28", "end": "2025-03-28", "tenure": "Developing", "return": 0.032389, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-04-04", "end": "2025-05-02", "tenure": "Developing", "return": -0.151967, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-09", "end": "2025-07-11", "tenure": "Developing", "return": 0.110575, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2025-12-26", "tenure": "Established", "return": 0.589015, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-01-02", "end": "2026-04-03", "tenure": "Established", "return": 0.502457, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-10", "end": "2026-04-24", "tenure": "New", "return": -0.130857, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-01", "end": "2026-05-29", "tenure": "Developing", "return": -0.198836, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-05", "end": "2026-08-07", "tenure": "Developing", "return": 0.004548, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 25.409912, "volume": 5595064, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-04", "close": 26.125546, "volume": 13643063, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-11", "close": 28.301859, "volume": 37109139, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-18", "close": 25.870663, "volume": 28912421, "typical_volume": 9445305.15, "trend": 27.386441, "fair_value": 37.369716, "relative_strength": -7.669268, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -10.535949, "energy": 18.484019, "activity_lines": [ 26.440556, 25.865216, 25.684538, 26.20207 ] }, { "date": "2023-08-25", "close": 22.361115, "volume": 15273527, "typical_volume": 9806779.95, "trend": 27.049305, "fair_value": 37.184425, "relative_strength": -17.059129, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -67.538868, "energy": 28.139245, "activity_lines": [ 25.190321, 25.301936, 25.342325, 25.877855 ] }, { "date": "2023-09-01", "close": 23.625731, "volume": 10078923, "typical_volume": 9709509.1, "trend": 26.733125, "fair_value": 37.019075, "relative_strength": -14.687405, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -58.741807, "energy": 34.346021, "activity_lines": [ 24.527625, 25.013398, 25.147488, 25.656979 ] }, { "date": "2023-09-08", "close": 23.331633, "volume": 5300147, "typical_volume": 9541651.3, "trend": 26.419255, "fair_value": 36.854166, "relative_strength": -13.829164, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.305107, "energy": 60.776835, "activity_lines": [ 23.885841, 24.683406, 24.946506, 25.437528 ] }, { "date": "2023-09-15", "close": 24.772705, "volume": 11955496, "typical_volume": 9241628.1, "trend": 26.171186, "fair_value": 36.710339, "relative_strength": -6.876319, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.63871, "energy": 54.606896, "activity_lines": [ 23.910676, 24.644906, 24.900181, 25.331299 ] }, { "date": "2023-09-22", "close": 25.243259, "volume": 15317298, "typical_volume": 9846850.2, "trend": 25.976353, "fair_value": 36.575432, "relative_strength": -5.093154, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.659888, "energy": 34.874194, "activity_lines": [ 24.327639, 24.694457, 24.91242, 25.271433 ] }, { "date": "2023-09-29", "close": 25.066801, "volume": 9715493, "typical_volume": 9963190.3, "trend": 25.798451, "fair_value": 36.441611, "relative_strength": -4.771192, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.71479, "energy": 17.93495, "activity_lines": [ 24.72761, 24.708538, 24.914316, 25.212752 ] }, { "date": "2023-10-13", "close": 25.880466, "volume": 13763875, "typical_volume": 10367987.85, "trend": 25.700161, "fair_value": 36.320218, "relative_strength": -1.052579, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.854052, "energy": 13.02804, "activity_lines": [ 25.218424, 24.866637, 24.992759, 25.218043 ] }, { "date": "2023-10-20", "close": 23.027733, "volume": 7958554, "typical_volume": 10414423.45, "trend": 25.537265, "fair_value": 36.169167, "relative_strength": -7.031554, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.731274, "energy": 18.739786, "activity_lines": [ 24.60801, 24.497502, 24.797951, 25.045629 ] }, { "date": "2023-10-27", "close": 26.841181, "volume": 16715391, "typical_volume": 11006082.15, "trend": 25.543274, "fair_value": 36.064359, "relative_strength": 6.336809, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.011329, "energy": 8.17884, "activity_lines": [ 25.289006, 24.878044, 24.980139, 25.129752 ] }, { "date": "2023-11-03", "close": 26.488266, "volume": 47507424, "typical_volume": 13128645.7, "trend": 25.524195, "fair_value": 35.957958, "relative_strength": 4.354033, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.574067, "energy": 11.218854, "activity_lines": [ 25.714466, 25.220978, 25.124427, 25.190719 ] }, { "date": "2023-11-10", "close": 27.262718, "volume": 21772808, "typical_volume": 14026048.1, "trend": 25.499033, "fair_value": 35.862406, "relative_strength": 6.385114, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.441691, "energy": 27.344436, "activity_lines": [ 26.315075, 25.693493, 25.334064, 25.302882 ] }, { "date": "2023-11-17", "close": 27.027443, "volume": 11041776, "typical_volume": 14461217.95, "trend": 25.459366, "fair_value": 35.766373, "relative_strength": 5.830441, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.812023, "energy": 38.114424, "activity_lines": [ 26.690865, 26.03411, 25.50969, 25.401489 ] }, { "date": "2023-11-24", "close": 27.645044, "volume": 14686879, "typical_volume": 14995752.75, "trend": 25.481269, "fair_value": 35.679047, "relative_strength": 10.285292, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 60.484693, "energy": 57.46759, "activity_lines": [ 27.196057, 26.425169, 25.731085, 25.542501 ] }, { "date": "2023-12-01", "close": 26.978428, "volume": 11393161, "typical_volume": 15290547.4, "trend": 25.458541, "fair_value": 35.586487, "relative_strength": 9.52364, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.230954, "energy": 55.18886, "activity_lines": [ 27.171223, 26.616599, 25.876172, 25.639092 ] }, { "date": "2023-12-08", "close": 26.00791, "volume": 7727513, "typical_volume": 15466957.95, "trend": 25.438793, "fair_value": 35.48566, "relative_strength": 7.714069, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.280309, "energy": 38.310141, "activity_lines": [ 26.813733, 26.591467, 25.91898, 25.674535 ] }, { "date": "2023-12-15", "close": 25.184441, "volume": 8392409, "typical_volume": 15693018.05, "trend": 25.449336, "fair_value": 35.378356, "relative_strength": 6.409753, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 29.647536, "energy": 15.210035, "activity_lines": [ 26.213777, 26.402711, 25.878833, 25.658125 ] }, { "date": "2023-12-22", "close": 24.586443, "volume": 5542357, "typical_volume": 15690382.7, "trend": 25.417132, "fair_value": 35.267099, "relative_strength": 6.100125, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.386775, "energy": 13.869183, "activity_lines": [ 25.553041, 26.103089, 25.780148, 25.602455 ] }, { "date": "2023-12-29", "close": 24.929558, "volume": 5685543, "typical_volume": 15292506.7, "trend": 25.383848, "fair_value": 35.161614, "relative_strength": 4.668158, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.466459, "energy": 14.271665, "activity_lines": [ 25.169409, 25.88938, 25.718061, 25.570998 ] }, { "date": "2024-01-05", "close": 24.33156, "volume": 4505753, "typical_volume": 13662337.4, "trend": 25.330227, "fair_value": 35.05222, "relative_strength": 7.006381, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.726726, "energy": 22.618088, "activity_lines": [ 24.767477, 25.532365, 25.604717, 25.503109 ] }, { "date": "2024-01-12", "close": 23.527699, "volume": 7683273, "typical_volume": 12600880.0, "trend": 25.29039, "fair_value": 34.936974, "relative_strength": 4.997239, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.650002, "energy": 39.000374, "activity_lines": [ 24.274049, 25.074823, 25.433721, 25.386817 ] }, { "date": "2024-01-19", "close": 22.361115, "volume": 5248169, "typical_volume": 12099612.1, "trend": 25.208234, "fair_value": 34.812461, "relative_strength": 2.374403, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -75.947455, "energy": 68.417817, "activity_lines": [ 23.557107, 24.459003, 25.162779, 25.197831 ] }, { "date": "2024-01-26", "close": 21.361191, "volume": 9491887, "typical_volume": 12070260.3, "trend": 25.110716, "fair_value": 34.680586, "relative_strength": -1.709638, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.904737, "energy": 80.749801, "activity_lines": [ 22.695079, 23.750498, 24.796606, 24.949635 ] }, { "date": "2024-02-02", "close": 17.273252, "volume": 8933361, "typical_volume": 12251921.0, "trend": 24.854725, "fair_value": 34.511582, "relative_strength": -13.16722, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -96.501754, "energy": 96.584871, "activity_lines": [ 20.685422, 22.401755, 24.051889, 24.443992 ] }, { "date": "2024-02-09", "close": 16.822302, "volume": 14933806, "typical_volume": 12400836.5, "trend": 24.585137, "fair_value": 34.341493, "relative_strength": -22.258445, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -92.433389, "energy": 96.706568, "activity_lines": [ 19.035868, 21.159599, 23.293074, 23.925771 ] }, { "date": "2024-02-23", "close": 18.949598, "volume": 12241604, "typical_volume": 12247051.8, "trend": 24.381557, "fair_value": 34.194904, "relative_strength": -14.397321, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.124286, "energy": 88.079465, "activity_lines": [ 18.59603, 20.488881, 22.774718, 23.562188 ] }, { "date": "2024-03-01", "close": 18.724127, "volume": 13023537, "typical_volume": 12412454.0, "trend": 24.177323, "fair_value": 34.048953, "relative_strength": -18.197995, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.515997, "energy": 86.694831, "activity_lines": [ 18.386242, 19.905502, 22.264858, 23.197193 ] }, { "date": "2024-03-08", "close": 20.341654, "volume": 37839453, "typical_volume": 13616232.9, "trend": 24.008381, "fair_value": 33.920847, "relative_strength": -10.176181, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.950512, "energy": 58.237513, "activity_lines": [ 18.958095, 19.733678, 21.939251, 22.94973 ] }, { "date": "2024-03-15", "close": 21.410206, "volume": 27049156, "typical_volume": 14570763.0, "trend": 23.851203, "fair_value": 33.805008, "relative_strength": -7.606039, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.383587, "energy": 36.980369, "activity_lines": [ 19.954102, 19.833314, 21.741787, 22.782106 ] }, { "date": "2024-03-22", "close": 20.684769, "volume": 18040719, "typical_volume": 14637029.4, "trend": 23.5973, "fair_value": 33.684639, "relative_strength": -10.039993, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.848157, "energy": 27.908667, "activity_lines": [ 20.432499, 19.865041, 21.482936, 22.57782 ] }, { "date": "2024-03-29", "close": 19.92992, "volume": 8351397, "typical_volume": 12679228.05, "trend": 23.399276, "fair_value": 33.559596, "relative_strength": -11.552974, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.097788, "energy": 22.462803, "activity_lines": [ 20.401782, 19.825828, 21.18151, 22.341214 ] }, { "date": "2024-04-05", "close": 20.802404, "volume": 6235114, "typical_volume": 11902343.35, "trend": 23.347319, "fair_value": 33.444666, "relative_strength": -8.991119, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.215959, "energy": 21.090315, "activity_lines": [ 20.596538, 20.010663, 20.994409, 22.173674 ] }, { "date": "2024-04-12", "close": 19.371138, "volume": 8965578, "typical_volume": 11798533.45, "trend": 23.205499, "fair_value": 33.31901, "relative_strength": -12.198824, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.812313, "energy": 27.766453, "activity_lines": [ 20.175654, 19.963608, 20.70176, 21.917147 ] }, { "date": "2024-04-19", "close": 17.753609, "volume": 8169357, "typical_volume": 11472657.35, "trend": 23.019565, "fair_value": 33.181263, "relative_strength": -19.698273, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.35724, "energy": 41.58346, "activity_lines": [ 19.280295, 19.658639, 20.291519, 21.565412 ] }, { "date": "2024-04-26", "close": 18.871174, "volume": 6392830, "typical_volume": 11222640.8, "trend": 22.822847, "fair_value": 33.055736, "relative_strength": -16.037742, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.273106, "energy": 38.56752, "activity_lines": [ 19.00123, 19.54813, 20.034815, 21.297774 ] }, { "date": "2024-05-03", "close": 19.812283, "volume": 4103646, "typical_volume": 11041447.45, "trend": 22.641814, "fair_value": 32.940575, "relative_strength": -12.778296, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.429371, "energy": 37.800063, "activity_lines": [ 19.156775, 19.57148, 19.906346, 21.103544 ] }, { "date": "2024-05-10", "close": 21.831743, "volume": 25401290, "typical_volume": 11891891.5, "trend": 22.533979, "fair_value": 32.84481, "relative_strength": -5.160371, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.56967, "energy": 20.455842, "activity_lines": [ 19.993315, 19.946319, 19.99971, 21.051281 ] }, { "date": "2024-05-17", "close": 20.224016, "volume": 35369894, "typical_volume": 13383268.35, "trend": 22.345431, "fair_value": 32.73694, "relative_strength": -11.734566, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.70808, "energy": 12.181041, "activity_lines": [ 20.225324, 19.972342, 19.955922, 20.902251 ] }, { "date": "2024-05-24", "close": 19.714251, "volume": 13473208, "typical_volume": 13772651.6, "trend": 22.234981, "fair_value": 32.626578, "relative_strength": -11.237593, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.903806, "energy": 13.995191, "activity_lines": [ 20.230553, 19.907819, 19.884359, 20.732498 ] }, { "date": "2024-05-31", "close": 19.586807, "volume": 6904566, "typical_volume": 13892592.25, "trend": 21.993169, "fair_value": 32.517, "relative_strength": -11.090515, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.295042, "energy": 13.382408, "activity_lines": [ 20.06259, 19.85096, 19.825493, 20.561648 ] }, { "date": "2024-06-07", "close": 18.116325, "volume": 8502518, "typical_volume": 13933554.5, "trend": 21.714104, "fair_value": 32.396994, "relative_strength": -16.513476, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.087388, "energy": 32.550286, "activity_lines": [ 19.356759, 19.546704, 19.649175, 20.311529 ] }, { "date": "2024-06-14", "close": 18.626095, "volume": 6059772, "typical_volume": 13974134.65, "trend": 21.426217, "fair_value": 32.283185, "relative_strength": -13.888436, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.156483, "energy": 44.701395, "activity_lines": [ 18.933914, 19.368107, 19.547175, 20.112302 ] }, { "date": "2024-06-21", "close": 18.988813, "volume": 10646822, "typical_volume": 14031881.4, "trend": 21.158262, "fair_value": 32.174215, "relative_strength": -10.252107, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.5349, "energy": 43.228669, "activity_lines": [ 18.845686, 19.295029, 19.497506, 19.95505 ] }, { "date": "2024-06-28", "close": 17.841839, "volume": 10469457, "typical_volume": 14108686.2, "trend": 20.831489, "fair_value": 32.057692, "relative_strength": -13.485471, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.16061, "energy": 52.813865, "activity_lines": [ 18.457479, 19.020361, 19.349898, 19.741088 ] }, { "date": "2024-07-05", "close": 18.09672, "volume": 5999560, "typical_volume": 13661973.9, "trend": 20.535432, "fair_value": 31.945103, "relative_strength": -10.619217, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.212772, "energy": 44.417979, "activity_lines": [ 18.279061, 18.790431, 19.223856, 19.564651 ] }, { "date": "2024-07-12", "close": 18.547657, "volume": 7004186, "typical_volume": 13400103.0, "trend": 20.286757, "fair_value": 31.837924, "relative_strength": -9.9071, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.055523, "energy": 31.711632, "activity_lines": [ 18.350294, 18.656571, 19.134693, 19.436407 ] }, { "date": "2024-07-19", "close": 18.428699, "volume": 5307185, "typical_volume": 13014285.4, "trend": 20.061566, "fair_value": 31.731501, "relative_strength": -10.818423, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.970624, "energy": 31.523365, "activity_lines": [ 18.353118, 18.524075, 19.036114, 19.316533 ] }, { "date": "2024-07-26", "close": 17.863646, "volume": 5080540, "typical_volume": 11376339.75, "trend": 19.837472, "fair_value": 31.622305, "relative_strength": -10.338985, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.831301, "energy": 31.850426, "activity_lines": [ 18.180752, 18.350716, 18.885127, 19.174731 ] }, { "date": "2024-08-02", "close": 19.102798, "volume": 9481542, "typical_volume": 10497959.05, "trend": 19.643247, "fair_value": 31.524497, "relative_strength": -3.578044, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.551178, "energy": 19.964441, "activity_lines": [ 18.496447, 18.445573, 18.863955, 19.127333 ] }, { "date": "2024-08-09", "close": 18.765749, "volume": 11574409, "typical_volume": 10174643.55, "trend": 19.45772, "fair_value": 31.425592, "relative_strength": -3.432631, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.776143, "energy": 17.544577, "activity_lines": [ 18.615729, 18.490265, 18.82167, 19.07072 ] }, { "date": "2024-08-16", "close": 19.221756, "volume": 8100980, "typical_volume": 10162122.7, "trend": 19.314189, "fair_value": 31.331716, "relative_strength": -0.54808, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.412333, "energy": 12.656335, "activity_lines": [ 18.842411, 18.632796, 18.831953, 19.055497 ] }, { "date": "2024-08-23", "close": 17.38781, "volume": 4849582, "typical_volume": 10092846.1, "trend": 19.148412, "fair_value": 31.225274, "relative_strength": -7.812333, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.707429, "energy": 24.130205, "activity_lines": [ 18.412838, 18.421784, 18.670947, 18.931214 ] }, { "date": "2024-08-30", "close": 17.962778, "volume": 6806500, "typical_volume": 9984892.2, "trend": 19.035131, "fair_value": 31.124801, "relative_strength": -6.412578, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.138131, "energy": 27.393989, "activity_lines": [ 18.244313, 18.337826, 18.58096, 18.854722 ] }, { "date": "2024-09-06", "close": 17.199459, "volume": 8261697, "typical_volume": 9989509.2, "trend": 19.032671, "fair_value": 31.020099, "relative_strength": -7.919278, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.395383, "energy": 46.355607, "activity_lines": [ 17.81474, 18.133738, 18.424982, 18.736291 ] }, { "date": "2024-09-13", "close": 17.338243, "volume": 8999268, "typical_volume": 10119831.1, "trend": 19.04987, "fair_value": 30.917995, "relative_strength": -5.396358, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.619688, "energy": 54.30169, "activity_lines": [ 17.558317, 17.966562, 18.28486, 18.626973 ] }, { "date": "2024-09-20", "close": 16.703796, "volume": 3225137, "typical_volume": 10075905.65, "trend": 18.975009, "fair_value": 30.812705, "relative_strength": -9.740164, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.137155, "energy": 61.497815, "activity_lines": [ 17.18558, 17.697823, 18.091614, 18.475614 ] }, { "date": "2024-09-27", "close": 19.132538, "volume": 9533429, "typical_volume": 9282512.6, "trend": 18.988623, "fair_value": 30.726821, "relative_strength": -11.941011, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.597857, "energy": 29.081905, "activity_lines": [ 17.790287, 17.904199, 18.14448, 18.485777 ] }, { "date": "2024-10-04", "close": 21.610846, "volume": 6865066, "typical_volume": 7857271.2, "trend": 19.03093, "fair_value": 30.660281, "relative_strength": -9.796425, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 29.501068, "energy": 21.432023, "activity_lines": [ 19.104781, 18.548379, 18.446228, 18.654953 ] }, { "date": "2024-10-11", "close": 20.351866, "volume": 17748163, "typical_volume": 8071018.95, "trend": 18.995652, "fair_value": 30.585583, "relative_strength": -10.746733, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.60709, "energy": 25.203147, "activity_lines": [ 19.756411, 18.895522, 18.62147, 18.740174 ] }, { "date": "2024-10-18", "close": 20.817787, "volume": 9603305, "typical_volume": 8205955.9, "trend": 19.000086, "fair_value": 30.515311, "relative_strength": -10.896937, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.296276, "energy": 34.050178, "activity_lines": [ 20.353187, 19.304668, 18.838048, 18.857731 ] }, { "date": "2024-10-25", "close": 21.789284, "volume": 11531903, "typical_volume": 8357425.15, "trend": 19.062064, "fair_value": 30.452982, "relative_strength": -8.765454, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 42.754817, "energy": 60.36504, "activity_lines": [ 21.041826, 19.85314, 19.141288, 19.03768 ] }, { "date": "2024-11-01", "close": 20.520391, "volume": 10738755, "typical_volume": 8591374.3, "trend": 19.052664, "fair_value": 30.382538, "relative_strength": -12.138511, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 60.132371, "energy": 61.48154, "activity_lines": [ 20.968469, 20.124222, 19.306191, 19.131765 ] }, { "date": "2024-11-08", "close": 21.987549, "volume": 10416632, "typical_volume": 8579864.8, "trend": 19.139878, "fair_value": 30.323419, "relative_strength": -11.264428, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.56461, "energy": 61.264342, "activity_lines": [ 21.29164, 20.605104, 19.601803, 19.321113 ] }, { "date": "2024-11-15", "close": 22.701302, "volume": 30258930, "typical_volume": 9569338.45, "trend": 19.304801, "fair_value": 30.270117, "relative_strength": -4.352262, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.809747, "energy": 57.877927, "activity_lines": [ 21.827616, 21.142581, 19.951112, 19.550882 ] }, { "date": "2024-11-22", "close": 21.075533, "volume": 14241349, "typical_volume": 9981427.9, "trend": 19.378279, "fair_value": 30.206266, "relative_strength": -8.01075, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.004113, "energy": 39.37675, "activity_lines": [ 21.665039, 21.284431, 20.122445, 19.665123 ] }, { "date": "2024-11-29", "close": 21.888416, "volume": 7759682, "typical_volume": 10019202.7, "trend": 19.447484, "fair_value": 30.148901, "relative_strength": -5.401135, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.662568, "energy": 40.438145, "activity_lines": [ 21.75624, 21.506127, 20.357011, 19.827067 ] }, { "date": "2024-12-06", "close": 21.888416, "volume": 6903749, "typical_volume": 10099030.9, "trend": 19.449373, "fair_value": 30.092323, "relative_strength": -6.358727, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.886842, "energy": 38.224156, "activity_lines": [ 21.840833, 21.633556, 20.575669, 19.984547 ] }, { "date": "2024-12-13", "close": 22.493124, "volume": 22375682, "typical_volume": 10963788.0, "trend": 19.52501, "fair_value": 30.040627, "relative_strength": -2.529874, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.405247, "energy": 35.907305, "activity_lines": [ 22.035793, 21.820826, 20.835443, 20.180918 ] }, { "date": "2024-12-20", "close": 21.878504, "volume": 9505909, "typical_volume": 10965006.35, "trend": 19.597152, "fair_value": 29.985478, "relative_strength": -4.063273, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.407908, "energy": 32.58328, "activity_lines": [ 21.992175, 21.880306, 21.014636, 20.332756 ] }, { "date": "2024-12-27", "close": 20.897093, "volume": 6597040, "typical_volume": 10716137.9, "trend": 19.640828, "fair_value": 29.924482, "relative_strength": -7.897857, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.13623, "energy": 23.854416, "activity_lines": [ 21.676273, 21.73359, 21.087144, 20.416623 ] }, { "date": "2025-01-03", "close": 18.835142, "volume": 4731040, "typical_volume": 10547640.9, "trend": 19.664788, "fair_value": 29.850553, "relative_strength": -10.006292, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 15.659062, "energy": 11.542771, "activity_lines": [ 20.684951, 21.210532, 20.953127, 20.364644 ] }, { "date": "2025-01-10", "close": 18.349394, "volume": 5709239, "typical_volume": 10590623.75, "trend": 19.655565, "fair_value": 29.774386, "relative_strength": -10.775914, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -6.773513, "energy": 19.497566, "activity_lines": [ 19.735263, 20.652868, 20.774689, 20.279779 ] }, { "date": "2025-01-17", "close": 18.180868, "volume": 6177852, "typical_volume": 10559191.35, "trend": 19.628633, "fair_value": 29.698113, "relative_strength": -14.124418, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -27.775019, "energy": 40.230899, "activity_lines": [ 18.965335, 20.104035, 20.575622, 20.184638 ] }, { "date": "2025-01-24", "close": 18.408873, "volume": 5730750, "typical_volume": 10432644.0, "trend": 19.647535, "fair_value": 29.624327, "relative_strength": -13.554191, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.714441, "energy": 51.191381, "activity_lines": [ 18.558893, 19.66587, 20.397231, 20.105943 ] }, { "date": "2025-01-31", "close": 18.240347, "volume": 777280, "typical_volume": 10021544.6, "trend": 19.652322, "fair_value": 29.550405, "relative_strength": -12.672019, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.215902, "energy": 55.577469, "activity_lines": [ 18.327584, 19.275109, 20.197031, 20.015157 ] }, { "date": "2025-02-07", "close": 19.132538, "volume": 3700329, "typical_volume": 10045304.2, "trend": 19.671818, "fair_value": 29.483193, "relative_strength": -11.761046, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.93281, "energy": 44.107504, "activity_lines": [ 18.570788, 19.098112, 20.077505, 19.981623 ] }, { "date": "2025-02-14", "close": 19.935511, "volume": 7435432, "typical_volume": 9940404.35, "trend": 19.722045, "fair_value": 29.42199, "relative_strength": -9.49673, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.764898, "energy": 20.655223, "activity_lines": [ 19.061824, 19.117218, 20.022888, 19.998635 ] }, { "date": "2025-02-21", "close": 20.679003, "volume": 9522173, "typical_volume": 10073259.7, "trend": 19.81589, "fair_value": 29.17073, "relative_strength": -8.008028, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 2.077597, "energy": 7.510944, "activity_lines": [ 19.694949, 19.307011, 20.035256, 20.060374 ] }, { "date": "2025-02-28", "close": 19.588547, "volume": 6604586, "typical_volume": 9516080.85, "trend": 19.832082, "fair_value": 29.038465, "relative_strength": -9.61955, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.364914, "energy": 12.800175, "activity_lines": [ 19.798047, 19.331524, 19.948209, 20.045707 ] }, { "date": "2025-03-07", "close": 19.826466, "volume": 8418128, "typical_volume": 9456822.0, "trend": 19.867439, "fair_value": 28.921765, "relative_strength": -10.193268, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 0.153755, "energy": 12.148401, "activity_lines": [ 19.901806, 19.44093, 19.887455, 20.045345 ] }, { "date": "2025-03-14", "close": 20.044556, "volume": 8271265, "typical_volume": 9293790.1, "trend": 19.894866, "fair_value": 28.597004, "relative_strength": -9.976979, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.653153, "energy": 11.928308, "activity_lines": [ 19.97252, 19.609455, 19.852192, 20.056772 ] }, { "date": "2025-03-21", "close": 19.578634, "volume": 6723434, "typical_volume": 9093024.05, "trend": 19.967893, "fair_value": 28.317705, "relative_strength": -9.393447, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.758952, "energy": 5.566067, "activity_lines": [ 19.827126, 19.671278, 19.780864, 20.036369 ] }, { "date": "2025-03-28", "close": 20.222994, "volume": 13298310, "typical_volume": 9237107.95, "trend": 20.043234, "fair_value": 27.975533, "relative_strength": -5.511801, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.552731, "energy": 10.017415, "activity_lines": [ 19.92031, 19.827907, 19.775388, 20.052828 ] }, { "date": "2025-04-04", "close": 23.940456, "volume": 57053938, "typical_volume": 10576858.35, "trend": 20.267934, "fair_value": 27.599714, "relative_strength": 14.322691, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 52.514226, "energy": 52.924944, "activity_lines": [ 21.283049, 20.623309, 20.132359, 20.304261 ] }, { "date": "2025-04-11", "close": 21.600935, "volume": 56611347, "typical_volume": 12695358.25, "trend": 20.410024, "fair_value": 27.297659, "relative_strength": 8.622702, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 17.577628, "energy": 39.31855, "activity_lines": [ 21.57582, 20.892768, 20.260617, 20.390261 ] }, { "date": "2025-04-18", "close": 21.858677, "volume": 31838777, "typical_volume": 13899313.0, "trend": 20.581853, "fair_value": 26.992858, "relative_strength": 10.17519, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.53633, "energy": 44.588138, "activity_lines": [ 21.836208, 21.147989, 20.410921, 20.483723 ] }, { "date": "2025-04-25", "close": 20.27256, "volume": 26481474, "typical_volume": 14878199.25, "trend": 20.619854, "fair_value": 26.763063, "relative_strength": 0.737484, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 13.936031, "energy": 33.070716, "activity_lines": [ 21.446948, 21.065259, 20.410307, 20.463768 ] }, { "date": "2025-05-02", "close": 20.302299, "volume": 10589094, "typical_volume": 14288869.85, "trend": 20.576235, "fair_value": 26.564357, "relative_strength": 1.076054, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 6.879324, "energy": 6.758516, "activity_lines": [ 21.021339, 20.981807, 20.42022, 20.443281 ] }, { "date": "2025-05-09", "close": 21.115185, "volume": 27095880, "typical_volume": 15168368.4, "trend": 20.601679, "fair_value": 26.34521, "relative_strength": 2.921058, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 6.379668, "energy": 5.010073, "activity_lines": [ 20.861406, 21.053002, 20.517984, 20.478052 ] }, { "date": "2025-05-16", "close": 21.640587, "volume": 24743164, "typical_volume": 16075674.6, "trend": 20.629106, "fair_value": 26.203031, "relative_strength": 4.892439, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 10.318155, "energy": 7.242892, "activity_lines": [ 21.064958, 21.191968, 20.66942, 20.545078 ] }, { "date": "2025-05-23", "close": 22.106508, "volume": 22503368, "typical_volume": 16964291.0, "trend": 20.63968, "fair_value": 26.070974, "relative_strength": 7.557978, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 51.478015, "energy": 23.730694, "activity_lines": [ 21.421173, 21.382662, 20.86169, 20.640395 ] }, { "date": "2025-05-30", "close": 22.26512, "volume": 20654767, "typical_volume": 17711567.4, "trend": 20.697838, "fair_value": 25.915247, "relative_strength": 9.189624, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 51.844228, "energy": 35.08491, "activity_lines": [ 21.813737, 21.564705, 21.053487, 20.745262 ] }, { "date": "2025-06-06", "close": 22.165989, "volume": 16519510, "typical_volume": 18228650.3, "trend": 20.703786, "fair_value": 25.753561, "relative_strength": 6.954214, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 52.167977, "energy": 40.170212, "activity_lines": [ 22.040421, 21.679879, 21.217197, 20.839981 ] }, { "date": "2025-06-13", "close": 22.314686, "volume": 23502411, "typical_volume": 19117233.35, "trend": 20.690899, "fair_value": 25.619252, "relative_strength": 8.131269, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 54.629, "energy": 40.488179, "activity_lines": [ 22.192423, 21.786762, 21.376092, 20.94391 ] }, { "date": "2025-06-20", "close": 20.39152, "volume": 15303692, "typical_volume": 19843553.95, "trend": 20.668098, "fair_value": 25.478626, "relative_strength": 0.021855, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.220618, "energy": 19.961776, "activity_lines": [ 21.623404, 21.573537, 21.333229, 20.924595 ] }, { "date": "2025-06-27", "close": 21.184578, "volume": 16382154, "typical_volume": 20477645.2, "trend": 20.644637, "fair_value": 25.35147, "relative_strength": 0.148616, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.226715, "energy": 13.757764, "activity_lines": [ 21.402008, 21.526494, 21.355652, 20.957917 ] }, { "date": "2025-07-04", "close": 23.058178, "volume": 26707405, "typical_volume": 21441243.85, "trend": 20.683629, "fair_value": 25.231471, "relative_strength": 7.54058, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 56.216947, "energy": 24.303077, "activity_lines": [ 21.866608, 21.832363, 21.546741, 21.113629 ] }, { "date": "2025-07-11", "close": 23.450001, "volume": 21159030, "typical_volume": 22023086.7, "trend": 20.715525, "fair_value": 25.11278, "relative_strength": 7.353711, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 60.135971, "energy": 32.887221, "activity_lines": [ 22.408945, 22.158824, 21.760277, 21.292104 ] }, { "date": "2025-07-18", "close": 26.4, "volume": 34570531, "typical_volume": 23421383.95, "trend": 20.866242, "fair_value": 25.008456, "relative_strength": 18.059467, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.826527, "energy": 71.297727, "activity_lines": [ 23.849014, 22.964417, 22.24157, 21.658845 ] }, { "date": "2025-07-25", "close": 27.049999, "volume": 87251808, "typical_volume": 27363067.95, "trend": 21.071338, "fair_value": 24.904146, "relative_strength": 17.831132, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.664947, "energy": 76.027901, "activity_lines": [ 25.233395, 23.792105, 22.752332, 22.057797 ] }, { "date": "2025-08-01", "close": 27.01, "volume": 41961513, "typical_volume": 29047580.35, "trend": 21.343834, "fair_value": 24.790067, "relative_strength": 19.299568, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.51811, "energy": 78.772405, "activity_lines": [ 26.160545, 24.514167, 23.224887, 22.440936 ] }, { "date": "2025-08-08", "close": 27.48, "volume": 33636906, "typical_volume": 30393253.95, "trend": 21.648187, "fair_value": 24.700121, "relative_strength": 19.61661, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.915935, "energy": 83.233115, "activity_lines": [ 26.856, 25.232529, 23.709035, 22.836818 ] }, { "date": "2025-08-15", "close": 28.15, "volume": 37113179, "typical_volume": 31583997.4, "trend": 21.980492, "fair_value": 24.620837, "relative_strength": 17.075882, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.683373, "energy": 80.636488, "activity_lines": [ 27.48, 25.977894, 24.219367, 23.25629 ] }, { "date": "2025-08-22", "close": 30.34, "volume": 41770911, "typical_volume": 30819846.05, "trend": 22.378196, "fair_value": 24.559629, "relative_strength": 20.260047, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.920106, "energy": 81.207495, "activity_lines": [ 28.520667, 27.01264, 24.900523, 23.795613 ] }, { "date": "2025-08-29", "close": 29.040001, "volume": 35444356, "typical_volume": 29761496.5, "trend": 22.738184, "fair_value": 24.50092, "relative_strength": 10.162598, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.716453, "energy": 64.796149, "activity_lines": [ 28.865334, 27.665108, 25.427395, 24.225407 ] }, { "date": "2025-09-05", "close": 28.74, "volume": 21560489, "typical_volume": 29247582.1, "trend": 23.058433, "fair_value": 24.435706, "relative_strength": 9.768786, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.969913, "energy": 53.776057, "activity_lines": [ 28.977334, 28.105785, 25.890272, 24.612621 ] }, { "date": "2025-09-12", "close": 27.5, "volume": 15993628, "typical_volume": 28723189.8, "trend": 23.310583, "fair_value": 24.372444, "relative_strength": 2.363478, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.39514, "energy": 47.157088, "activity_lines": [ 28.560667, 28.183636, 26.202286, 24.899174 ] }, { "date": "2025-09-19", "close": 31.52, "volume": 42202639, "typical_volume": 30303867.05, "trend": 23.671949, "fair_value": 24.345977, "relative_strength": 15.643185, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.069805, "energy": 49.57015, "activity_lines": [ 29.482667, 28.911636, 26.86274, 25.428813 ] }, { "date": "2025-09-26", "close": 29.709999, "volume": 19792591, "typical_volume": 29938702.6, "trend": 24.009331, "fair_value": 24.309966, "relative_strength": 7.625914, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.379026, "energy": 40.901711, "activity_lines": [ 29.576666, 29.163818, 27.297395, 25.818365 ] }, { "date": "2025-10-03", "close": 31.950001, "volume": 9119801, "typical_volume": 29157534.45, "trend": 24.413449, "fair_value": 24.289555, "relative_strength": 12.702485, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.405314, "energy": 47.147031, "activity_lines": [ 30.459333, 29.763091, 27.904456, 26.330666 ] }, { "date": "2025-10-10", "close": 31.559999, "volume": 6440594, "typical_volume": 28354395.75, "trend": 24.797297, "fair_value": 24.277826, "relative_strength": 12.402058, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.700078, "energy": 48.432741, "activity_lines": [ 31.018, 30.202364, 28.425282, 26.791734 ] }, { "date": "2025-10-17", "close": 32.779999, "volume": 16835653, "typical_volume": 28163440.05, "trend": 25.237342, "fair_value": 24.284905, "relative_strength": 22.237995, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.908578, "energy": 51.78791, "activity_lines": [ 31.795333, 30.780727, 29.017281, 27.306747 ] }, { "date": "2025-10-24", "close": 32.849998, "volume": 31651876, "typical_volume": 28920058.35, "trend": 25.658242, "fair_value": 24.294374, "relative_strength": 16.520533, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.790967, "energy": 66.320042, "activity_lines": [ 32.243999, 31.275454, 29.565877, 27.797886 ] }, { "date": "2025-10-31", "close": 32.799999, "volume": 13506025, "typical_volume": 28420239.05, "trend": 25.953561, "fair_value": 24.291098, "relative_strength": 15.058799, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.866376, "energy": 57.959447, "activity_lines": [ 32.587332, 31.675636, 30.058834, 28.258645 ] }, { "date": "2025-11-07", "close": 31.09, "volume": 20195379, "typical_volume": 28664823.4, "trend": 26.269863, "fair_value": 24.27523, "relative_strength": 8.507699, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.991449, "energy": 42.491297, "activity_lines": [ 32.154666, 31.720181, 30.339004, 28.590028 ] }, { "date": "2025-11-14", "close": 49.200001, "volume": 66450288, "typical_volume": 31168230.1, "trend": 27.18124, "fair_value": 24.381431, "relative_strength": 71.668985, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.73511, "energy": 82.104114, "activity_lines": [ 37.816, 35.020181, 32.292991, 30.069392 ] }, { "date": "2025-11-21", "close": 47.959999, "volume": 104194637, "typical_volume": 35042591.7, "trend": 28.104155, "fair_value": 24.460659, "relative_strength": 73.610185, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.039004, "energy": 86.723669, "activity_lines": [ 41.888, 37.722727, 33.995476, 31.409957 ] }, { "date": "2025-11-28", "close": 47.939999, "volume": 59059512, "typical_volume": 36937615.8, "trend": 29.025412, "fair_value": 24.524735, "relative_strength": 65.226658, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.834765, "energy": 90.257051, "activity_lines": [ 44.941333, 40.049636, 35.577476, 32.689688 ] }, { "date": "2025-12-05", "close": 41.990002, "volume": 42777239, "typical_volume": 37347951.2, "trend": 29.721239, "fair_value": 24.544651, "relative_strength": 41.49992, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.642472, "energy": 82.170608, "activity_lines": [ 45.005334, 40.996182, 36.47619, 33.526114 ] }, { "date": "2025-12-12", "close": 41.0, "volume": 29984135, "typical_volume": 34484567.55, "trend": 30.366553, "fair_value": 24.592503, "relative_strength": 35.861439, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.267204, "energy": 56.038697, "activity_lines": [ 44.126667, 41.539454, 37.206381, 34.253776 ] }, { "date": "2025-12-19", "close": 41.529999, "volume": 22360033, "typical_volume": 33504493.55, "trend": 31.014002, "fair_value": 24.645072, "relative_strength": 37.569772, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.155526, "energy": 47.150613, "activity_lines": [ 42.764, 42.014545, 37.920619, 34.973998 ] }, { "date": "2025-12-26", "close": 41.950001, "volume": 23919234, "typical_volume": 33018609.95, "trend": 31.670165, "fair_value": 24.683756, "relative_strength": 32.974272, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.540458, "energy": 33.079289, "activity_lines": [ 42.052667, 42.384727, 38.605714, 35.679546 ] }, { "date": "2026-01-02", "close": 40.700001, "volume": 15258217, "typical_volume": 31925861.85, "trend": 32.287965, "fair_value": 24.708681, "relative_strength": 28.584813, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.587746, "energy": 27.669828, "activity_lines": [ 41.325334, 42.360909, 39.102857, 36.262116 ] }, { "date": "2026-01-09", "close": 51.84, "volume": 55328188, "typical_volume": 32603725.7, "trend": 33.272142, "fair_value": 24.832194, "relative_strength": 54.59254, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 74.844699, "energy": 46.972455, "activity_lines": [ 44.794, 44.219818, 40.60119, 37.523538 ] }, { "date": "2026-01-16", "close": 44.099998, "volume": 56643775, "typical_volume": 33663696.65, "trend": 34.062425, "fair_value": 24.91766, "relative_strength": 28.675755, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.858593, "energy": 38.346689, "activity_lines": [ 45.026, 44.325273, 41.26, 38.222109 ] }, { "date": "2026-01-23", "close": 41.18, "volume": 22282174, "typical_volume": 33699780.9, "trend": 34.728939, "fair_value": 24.977109, "relative_strength": 17.832114, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.218427, "energy": 33.786594, "activity_lines": [ 44.078, 43.663273, 41.569, 38.681308 ] }, { "date": "2026-01-30", "close": 38.650002, "volume": 18689617, "typical_volume": 33834580.35, "trend": 35.248667, "fair_value": 25.022205, "relative_strength": 11.592789, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.578625, "energy": 23.330365, "activity_lines": [ 42.31, 42.687091, 41.57781, 38.93428 ] }, { "date": "2026-02-06", "close": 38.049999, "volume": 12448079, "typical_volume": 32346852.35, "trend": 35.735333, "fair_value": 25.05794, "relative_strength": 11.409077, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.089748, "energy": 15.53158, "activity_lines": [ 40.562, 41.771091, 41.476381, 39.115011 ] }, { "date": "2026-02-13", "close": 41.369999, "volume": 24919868, "typical_volume": 32603216.2, "trend": 36.234333, "fair_value": 25.110882, "relative_strength": 18.466629, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.073323, "energy": 15.380286, "activity_lines": [ 40.097333, 41.638545, 41.660047, 39.478537 ] }, { "date": "2026-02-27", "close": 44.150002, "volume": 20622008, "typical_volume": 33178326.55, "trend": 36.804333, "fair_value": 25.183973, "relative_strength": 21.881024, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.294115, "energy": 16.476836, "activity_lines": [ 41.257334, 42.022727, 42.052952, 39.989226 ] }, { "date": "2026-03-06", "close": 42.75, "volume": 16647586, "typical_volume": 33688676.15, "trend": 37.329, "fair_value": 25.251507, "relative_strength": 19.623943, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.640703, "energy": 13.229069, "activity_lines": [ 41.947334, 42.095091, 42.254429, 40.372817 ] }, { "date": "2026-03-13", "close": 42.369999, "volume": 15947986, "typical_volume": 33644292.8, "trend": 37.825333, "fair_value": 25.323826, "relative_strength": 16.649848, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.165083, "energy": 22.040523, "activity_lines": [ 42.406, 42.076182, 42.366429, 40.698043 ] }, { "date": "2026-03-20", "close": 40.73, "volume": 10442172, "typical_volume": 32583807.6, "trend": 38.244667, "fair_value": 25.390019, "relative_strength": 14.524916, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.58792, "energy": 19.829386, "activity_lines": [ 42.07, 41.751455, 42.276571, 40.885441 ] }, { "date": "2026-03-27", "close": 46.34, "volume": 21738689, "typical_volume": 32995440.8, "trend": 38.778, "fair_value": 25.502268, "relative_strength": 29.806586, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 48.817207, "energy": 27.233684, "activity_lines": [ 43.425333, 42.446182, 42.683476, 41.40772 ] }, { "date": "2026-04-03", "close": 61.150002, "volume": 110355076, "typical_volume": 37503425.65, "trend": 39.848333, "fair_value": 25.715315, "relative_strength": 73.089516, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 84.501483, "energy": 72.844326, "activity_lines": [ 49.386001, 45.933637, 44.436381, 42.851075 ] }, { "date": "2026-04-10", "close": 46.310001, "volume": 88909996, "typical_volume": 38626411.05, "trend": 40.434, "fair_value": 25.841271, "relative_strength": 21.502588, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.769152, "energy": 55.033798, "activity_lines": [ 49.266667, 46.41291, 44.63281, 43.267957 ] }, { "date": "2026-04-17", "close": 41.849998, "volume": 61985613, "typical_volume": 36515959.85, "trend": 40.912333, "fair_value": 25.936075, "relative_strength": 5.085906, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.146999, "energy": 45.494523, "activity_lines": [ 47.423333, 45.988, 44.418238, 43.359312 ] }, { "date": "2026-04-24", "close": 40.25, "volume": 26196927, "typical_volume": 34872830.6, "trend": 41.203333, "fair_value": 26.014487, "relative_strength": 0.365619, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 22.797532, "energy": 19.319893, "activity_lines": [ 45.081333, 45.214, 44.080381, 43.316581 ] }, { "date": "2026-05-01", "close": 41.240002, "volume": 31267807, "typical_volume": 34297359.0, "trend": 41.587667, "fair_value": 26.097965, "relative_strength": 1.198767, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.129288, "energy": 16.197193, "activity_lines": [ 43.101334, 44.58, 43.873429, 43.318946 ] }, { "date": "2026-05-08", "close": 41.84, "volume": 15938809, "typical_volume": 33595092.7, "trend": 41.917333, "fair_value": 26.193171, "relative_strength": -0.789599, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.520374, "energy": 16.232349, "activity_lines": [ 41.661334, 44.057455, 43.727191, 43.335226 ] }, { "date": "2026-05-15", "close": 38.970001, "volume": 32640449, "typical_volume": 34109113.5, "trend": 42.164333, "fair_value": 26.265669, "relative_strength": -7.854615, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.194096, "energy": 23.517468, "activity_lines": [ 40.552001, 43.055091, 43.303619, 43.145075 ] }, { "date": "2026-05-22", "close": 35.450001, "volume": 26151211, "typical_volume": 34220712.35, "trend": 42.253333, "fair_value": 26.322398, "relative_strength": -16.45769, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -40.478299, "energy": 44.883321, "activity_lines": [ 38.758668, 41.481455, 42.557, 42.711893 ] }, { "date": "2026-05-29", "close": 33.040001, "volume": 28241087, "typical_volume": 34869855.85, "trend": 42.259667, "fair_value": 26.374781, "relative_strength": -21.993, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -71.539345, "energy": 65.363079, "activity_lines": [ 36.588668, 39.595455, 41.61181, 42.117484 ] }, { "date": "2026-06-05", "close": 35.18, "volume": 5538645, "typical_volume": 32380378.7, "trend": 42.339, "fair_value": 26.436496, "relative_strength": -15.575591, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.023951, "energy": 62.974892, "activity_lines": [ 35.612667, 38.238364, 40.906905, 41.660732 ] }, { "date": "2026-06-12", "close": 33.00209, "volume": 3429854, "typical_volume": 29719682.65, "trend": 42.402737, "fair_value": 26.481842, "relative_strength": -18.959363, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.035798, "energy": 68.096105, "activity_lines": [ 34.314697, 36.688199, 40.073914, 41.05835 ] }, { "date": "2026-06-19", "close": 35.528473, "volume": 18807171, "typical_volume": 29545932.5, "trend": 41.947019, "fair_value": 26.543305, "relative_strength": -18.570824, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.553782, "energy": 57.941971, "activity_lines": [ 34.448049, 36.109156, 39.534377, 40.614849 ] }, { "date": "2026-06-26", "close": 35.976059, "volume": 6489116, "typical_volume": 28935907.45, "trend": 41.547554, "fair_value": 26.615441, "relative_strength": -16.389397, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.390322, "energy": 42.00404, "activity_lines": [ 34.960031, 35.80752, 39.06438, 40.229626 ] }, { "date": "2026-07-03", "close": 37.597321, "volume": 6821117, "typical_volume": 28654559.35, "trend": 41.202798, "fair_value": 26.69731, "relative_strength": -11.816421, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.786199, "energy": 32.890269, "activity_lines": [ 35.977363, 35.907458, 38.761522, 39.974772 ] }, { "date": "2026-07-10", "close": 36.682255, "volume": 103290926, "typical_volume": 32573112.25, "trend": 41.025873, "fair_value": 26.776769, "relative_strength": -10.965624, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.268313, "energy": 25.772997, "activity_lines": [ 36.385851, 35.88925, 38.37367, 39.683124 ] }, { "date": "2026-07-17", "close": 33.290001, "volume": 62114076, "typical_volume": 34647715.65, "trend": 40.768874, "fair_value": 26.830211, "relative_strength": -11.448265, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.025607, "energy": 31.475299, "activity_lines": [ 35.563439, 35.337138, 37.68507, 39.184036 ] }, { "date": "2026-07-24", "close": 27.799999, "volume": 43431549, "typical_volume": 35986913.8, "trend": 40.311207, "fair_value": 26.848737, "relative_strength": -26.208355, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.486451, "energy": 60.888131, "activity_lines": [ 32.891831, 33.942298, 36.525326, 38.347334 ] }, { "date": "2026-07-31", "close": 27.74, "volume": 29693570, "typical_volume": 36674193.0, "trend": 39.83754, "fair_value": 26.865936, "relative_strength": -25.106464, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.806737, "energy": 75.912993, "activity_lines": [ 30.715455, 32.739639, 35.431058, 37.536289 ] }, { "date": "2026-08-07", "close": 35.34, "volume": 40862255, "typical_volume": 38195197.15, "trend": 39.658873, "fair_value": 26.933172, "relative_strength": -9.476186, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.550003, "energy": 55.144948, "activity_lines": [ 31.621484, 33.058981, 35.130267, 37.246125 ] } ], "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." } } }