{ "ticker": { "uuid": "18d25c88-8f75-4fcc-8330-67e4ad164ad9", "symbol": "600857", "name": "Ningbo Zhongbai Co., Ltd.", "exchange": "SHH", "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": "000001.SS", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 38.51, "architecture_energy": 20.169, "architecture_maturity": 67.177, "architecture_confidence": 90.805, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 38.94, "rotation_up": 30.85, "upward_expansion": 64.5, "deceleration": 85.49, "rotation_down": 29.08, "downward_expansion": 16.83 }, "activity_lines": [ 17.216, 17.742364, 16.504766, 15.524232 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 17.85, "trend_reference": 14.567933, "distance_from_trend": 0.225294, "trend_direction": "Improving", "fair_value": 10.323585, "distance_from_fair_value": 0.72905, "fair_value_direction": "Improving", "relative_strength": 21.939576, "relative_strength_direction": "Improving", "price_momentum": 0.297242, "excess_performance": 0.340446, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.225294, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.055583, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.72905, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.411157, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.219396, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.323411, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.297242, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.537754, "read": "Demand-led" } ], "volume": { "latest": 30852912, "relative_activity": 0.815811, "balance": 1.537754, "dry_up": 1.429058, "accumulation_observations": 4, "distribution_observations": 3 }, "risk": { "range_context": 0.169401, "annualized_volatility": 0.5203, "from_high_reference": -0.263614, "from_low_reference": 0.611336 }, "levels": { "trend_reference": 14.567933, "fair_value_reference": 10.323585, "structural_low": 11.077766, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 6, "median_return": -0.04727, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.058366, "regime_survival": 0.333333, "best_return": 0.126071, "worst_return": -0.086609, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": -0.042615, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.076936, "regime_survival": 0.0, "best_return": 0.172583, "worst_return": -0.161892, "sufficient": false }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.006515, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.007425, "regime_survival": 0.0, "best_return": 0.553243, "worst_return": -0.193676, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.448886, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.351116, "regime_survival": 0.0, "best_return": 0.74541, "worst_return": 0.152363, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-09-15", "end": "2023-12-08", "tenure": "Developing", "return": 0.012821, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-12-15", "end": "2024-01-26", "tenure": "Developing", "return": -0.092184, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-02-02", "end": "2024-10-18", "tenure": "Extended", "return": -0.135337, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-25", "end": "2024-11-22", "tenure": "Developing", "return": 0.094946, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-29", "end": "2025-01-17", "tenure": "Developing", "return": 0.038462, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-24", "end": "2025-02-14", "tenure": "New", "return": 0.050184, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-21", "end": "2025-11-28", "tenure": "Extended", "return": 0.609783, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-05", "end": "2026-01-16", "tenure": "Developing", "return": -0.078614, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-01-23", "end": "2026-02-06", "tenure": "New", "return": -0.040673, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-02-13", "end": "2026-05-15", "tenure": "Established", "return": 0.043316, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-22", "end": "2026-05-29", "tenure": "New", "return": 0.088421, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-06-05", "end": "2026-06-26", "tenure": "New", "return": 0.161144, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-03", "end": "2026-07-31", "tenure": "Developing", "return": -0.294366, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 10.291728, "volume": 10800945, "typical_volume": 8329491.25, "trend": 10.113115, "fair_value": 10.16413, "relative_strength": -4.863052, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.983482, "energy": 11.86973, "activity_lines": [ 10.040742, 9.900808, 9.845505, 9.944727 ] }, { "date": "2023-08-04", "close": 10.350706, "volume": 16926434, "typical_volume": 8761475.65, "trend": 10.096377, "fair_value": 10.170697, "relative_strength": -4.433128, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.501916, "energy": 25.923984, "activity_lines": [ 10.176392, 9.998414, 9.8925, 9.960056 ] }, { "date": "2023-08-11", "close": 9.652795, "volume": 10488684, "typical_volume": 8921789.9, "trend": 10.0766, "fair_value": 10.171097, "relative_strength": -7.823841, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.310675, "energy": 16.990177, "activity_lines": [ 10.038121, 9.956727, 9.872482, 9.931438 ] }, { "date": "2023-08-18", "close": 9.652795, "volume": 8805753, "typical_volume": 8809889.55, "trend": 10.056171, "fair_value": 10.173316, "relative_strength": -5.813452, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.176413, "energy": 15.054431, "activity_lines": [ 9.905092, 9.913372, 9.855709, 9.904095 ] }, { "date": "2023-08-25", "close": 9.593818, "volume": 10683891, "typical_volume": 8917478.95, "trend": 10.029861, "fair_value": 10.176161, "relative_strength": -3.968643, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.077878, "energy": 22.083186, "activity_lines": [ 9.768786, 9.861186, 9.835259, 9.874266 ] }, { "date": "2023-09-01", "close": 9.603648, "volume": 12321201, "typical_volume": 9110573.25, "trend": 9.984307, "fair_value": 10.179256, "relative_strength": -5.593745, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.078645, "energy": 33.599256, "activity_lines": [ 9.667213, 9.816148, 9.816195, 9.846768 ] }, { "date": "2023-09-08", "close": 9.377563, "volume": 10234481, "typical_volume": 9263551.2, "trend": 9.925671, "fair_value": 10.181405, "relative_strength": -6.967357, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.043602, "energy": 48.939158, "activity_lines": [ 9.53615, 9.728931, 9.775676, 9.807624 ] }, { "date": "2023-09-15", "close": 9.200627, "volume": 9342052, "typical_volume": 9309510.2, "trend": 9.878426, "fair_value": 10.181102, "relative_strength": -8.347346, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.630764, "energy": 62.160634, "activity_lines": [ 9.410984, 9.615979, 9.719459, 9.760847 ] }, { "date": "2023-09-22", "close": 9.308755, "volume": 17469727, "typical_volume": 10001373.7, "trend": 9.830545, "fair_value": 10.180237, "relative_strength": -7.364182, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.695734, "energy": 57.410184, "activity_lines": [ 9.352006, 9.532337, 9.675909, 9.724094 ] }, { "date": "2023-09-29", "close": 9.289095, "volume": 5494512, "typical_volume": 9819251.2, "trend": 9.785271, "fair_value": 10.181003, "relative_strength": -6.547932, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.503477, "energy": 56.023133, "activity_lines": [ 9.30941, 9.455843, 9.632714, 9.689161 ] }, { "date": "2023-10-13", "close": 8.876246, "volume": 8275597, "typical_volume": 9364215.85, "trend": 9.735042, "fair_value": 10.178432, "relative_strength": -9.679054, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.253166, "energy": 62.096505, "activity_lines": [ 9.149513, 9.318406, 9.552939, 9.630515 ] }, { "date": "2023-10-20", "close": 8.709141, "volume": 7072340, "typical_volume": 9294186.65, "trend": 9.684136, "fair_value": 10.176672, "relative_strength": -7.796073, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.685681, "energy": 65.667879, "activity_lines": [ 8.982407, 9.176321, 9.46312, 9.564327 ] }, { "date": "2023-10-27", "close": 9.033522, "volume": 9976610, "typical_volume": 9440145.15, "trend": 9.640781, "fair_value": 10.176804, "relative_strength": -5.059422, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.529799, "energy": 60.956472, "activity_lines": [ 8.96799, 9.123062, 9.408764, 9.522352 ] }, { "date": "2023-11-03", "close": 8.984374, "volume": 13832804, "typical_volume": 9849005.35, "trend": 9.604921, "fair_value": 10.175867, "relative_strength": -5.615341, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.096236, "energy": 58.575985, "activity_lines": [ 8.948331, 9.072126, 9.35224, 9.480003 ] }, { "date": "2023-11-10", "close": 9.063012, "volume": 8604505, "typical_volume": 9898009.2, "trend": 9.584079, "fair_value": 10.174682, "relative_strength": -4.788168, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.008156, "energy": 45.689445, "activity_lines": [ 8.97651, 9.047641, 9.306882, 9.445042 ] }, { "date": "2023-11-17", "close": 9.15148, "volume": 9170068, "typical_volume": 10183837.45, "trend": 9.568469, "fair_value": 10.174754, "relative_strength": -4.122479, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.090661, "energy": 29.727873, "activity_lines": [ 9.04925, 9.048893, 9.273883, 9.417132 ] }, { "date": "2023-11-24", "close": 9.466031, "volume": 19309791, "typical_volume": 10793022.0, "trend": 9.563344, "fair_value": 10.177657, "relative_strength": -0.218831, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.765255, "energy": 16.755129, "activity_lines": [ 9.208492, 9.115556, 9.272713, 9.410523 ] }, { "date": "2023-12-01", "close": 9.564327, "volume": 10060346, "typical_volume": 11055687.3, "trend": 9.558885, "fair_value": 10.181819, "relative_strength": 1.302426, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.958144, "energy": 16.2506, "activity_lines": [ 9.35004, 9.198483, 9.282168, 9.410586 ] }, { "date": "2023-12-08", "close": 9.318584, "volume": 15060565, "typical_volume": 11496595.55, "trend": 9.543626, "fair_value": 10.183275, "relative_strength": 0.869775, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.680872, "energy": 18.866587, "activity_lines": [ 9.374286, 9.230117, 9.269015, 9.395083 ] }, { "date": "2023-12-15", "close": 9.810071, "volume": 13125885, "typical_volume": 11352809.55, "trend": 9.541814, "fair_value": 10.188698, "relative_strength": 7.239991, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 8.211889, "energy": 19.470605, "activity_lines": [ 9.540081, 9.350933, 9.305431, 9.412273 ] }, { "date": "2023-12-22", "close": 9.328414, "volume": 8571147, "typical_volume": 11241319.65, "trend": 9.515791, "fair_value": 10.192351, "relative_strength": 3.095001, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.568723, "energy": 14.63519, "activity_lines": [ 9.495519, 9.374703, 9.297193, 9.398505 ] }, { "date": "2023-12-29", "close": 9.269437, "volume": 8299979, "typical_volume": 10809996.9, "trend": 9.502482, "fair_value": 10.195374, "relative_strength": 0.607175, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.987168, "energy": 10.502221, "activity_lines": [ 9.419503, 9.379529, 9.287925, 9.382612 ] }, { "date": "2024-01-05", "close": 9.466031, "volume": 6968158, "typical_volume": 10633970.6, "trend": 9.499314, "fair_value": 10.200725, "relative_strength": 4.502535, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.316382, "energy": 9.120097, "activity_lines": [ 9.422125, 9.409912, 9.302529, 9.38026 ] }, { "date": "2024-01-12", "close": 9.554499, "volume": 12640503, "typical_volume": 10825708.1, "trend": 9.492571, "fair_value": 10.206642, "relative_strength": 7.338858, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.730356, "energy": 5.046135, "activity_lines": [ 9.460789, 9.448516, 9.326449, 9.38382 ] }, { "date": "2024-01-19", "close": 8.994204, "volume": 13564305, "typical_volume": 10969728.8, "trend": 9.462754, "fair_value": 10.21016, "relative_strength": 2.86167, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.206152, "energy": 18.966253, "activity_lines": [ 9.29696, 9.374882, 9.297474, 9.351668 ] }, { "date": "2024-01-26", "close": 8.905737, "volume": 18386619, "typical_volume": 11272999.7, "trend": 9.441456, "fair_value": 10.211542, "relative_strength": -0.783606, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.135889, "energy": 24.049526, "activity_lines": [ 9.158033, 9.286415, 9.26293, 9.315731 ] }, { "date": "2024-02-02", "close": 7.126554, "volume": 17485129, "typical_volume": 11635532.1, "trend": 9.354627, "fair_value": 10.202084, "relative_strength": -15.066551, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.878263, "energy": 75.972201, "activity_lines": [ 8.454224, 8.878928, 9.062263, 9.166382 ] }, { "date": "2024-02-09", "close": 5.82903, "volume": 28153291, "typical_volume": 12576094.05, "trend": 9.224547, "fair_value": 10.188637, "relative_strength": -33.266513, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.582135, "energy": 91.237517, "activity_lines": [ 7.460766, 8.278063, 8.748741, 8.938925 ] }, { "date": "2024-02-23", "close": 6.93979, "volume": 19492212, "typical_volume": 12677218.3, "trend": 9.125922, "fair_value": 10.18162, "relative_strength": -23.692147, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.751686, "energy": 85.531094, "activity_lines": [ 7.080027, 7.947069, 8.557061, 8.791521 ] }, { "date": "2024-03-01", "close": 6.821833, "volume": 21938588, "typical_volume": 13499422.1, "trend": 9.017795, "fair_value": 10.173345, "relative_strength": -25.042567, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.106079, "energy": 85.91768, "activity_lines": [ 6.834284, 7.63788, 8.365429, 8.64287 ] }, { "date": "2024-03-08", "close": 6.635068, "volume": 12167507, "typical_volume": 13694017.6, "trend": 8.895906, "fair_value": 10.163998, "relative_strength": -27.031117, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.47561, "energy": 84.584699, "activity_lines": [ 6.67111, 7.349064, 8.167757, 8.489146 ] }, { "date": "2024-03-15", "close": 7.067577, "volume": 10855640, "typical_volume": 13883182.6, "trend": 8.786469, "fair_value": 10.157738, "relative_strength": -22.049354, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.156984, "energy": 57.755715, "activity_lines": [ 6.803484, 7.187857, 8.02195, 8.371189 ] }, { "date": "2024-03-22", "close": 7.136385, "volume": 12216156, "typical_volume": 13995159.9, "trend": 8.702588, "fair_value": 10.150036, "relative_strength": -20.671167, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.890866, "energy": 50.957566, "activity_lines": [ 6.962726, 7.079193, 7.890512, 8.264732 ] }, { "date": "2024-03-29", "close": 7.165874, "volume": 10357859, "typical_volume": 13821412.65, "trend": 8.619691, "fair_value": 10.142461, "relative_strength": -19.748938, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.199963, "energy": 41.032233, "activity_lines": [ 7.044641, 7.018249, 7.770917, 8.165589 ] }, { "date": "2024-04-05", "close": 7.441106, "volume": 7996567, "typical_volume": 13791015.75, "trend": 8.547934, "fair_value": 10.13527, "relative_strength": -17.028097, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.920157, "energy": 31.916923, "activity_lines": [ 7.203227, 7.050777, 7.686194, 8.089551 ] }, { "date": "2024-04-12", "close": 9.652795, "volume": 19086365, "typical_volume": 14286830.6, "trend": 8.549572, "fair_value": 10.143135, "relative_strength": 9.320741, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -1.532419, "energy": 14.674603, "activity_lines": [ 8.057758, 7.513667, 7.819832, 8.160833 ] }, { "date": "2024-04-19", "close": 6.753025, "volume": 105271556, "typical_volume": 18584918.85, "trend": 8.462087, "fair_value": 10.126954, "relative_strength": -24.30982, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.434285, "energy": 23.157464, "activity_lines": [ 7.744517, 7.435744, 7.674913, 8.044926 ] }, { "date": "2024-04-26", "close": 6.625238, "volume": 34559766, "typical_volume": 19809889.85, "trend": 8.376241, "fair_value": 10.108825, "relative_strength": -25.943611, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.41364, "energy": 21.927629, "activity_lines": [ 7.409651, 7.341379, 7.530744, 7.92642 ] }, { "date": "2024-05-03", "close": 6.625238, "volume": 13403528, "typical_volume": 19727038.0, "trend": 8.286791, "fair_value": 10.090445, "relative_strength": -25.94619, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.544226, "energy": 28.406412, "activity_lines": [ 7.108861, 7.232537, 7.40057, 7.813452 ] }, { "date": "2024-05-10", "close": 6.979109, "volume": 27298294, "typical_volume": 20435658.45, "trend": 8.209791, "fair_value": 10.071384, "relative_strength": -22.856975, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.96593, "energy": 44.39764, "activity_lines": [ 6.96207, 7.193754, 7.316924, 7.729086 ] }, { "date": "2024-05-17", "close": 7.018428, "volume": 16998268, "typical_volume": 20857014.5, "trend": 8.147864, "fair_value": 10.050757, "relative_strength": -22.040135, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.367755, "energy": 54.106763, "activity_lines": [ 6.859186, 7.159261, 7.250503, 7.652223 ] }, { "date": "2024-05-24", "close": 6.664557, "volume": 14870066, "typical_volume": 21185518.85, "trend": 8.079711, "fair_value": 10.02899, "relative_strength": -23.970442, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.515365, "energy": 54.34152, "activity_lines": [ 6.813969, 7.053457, 7.16138, 7.556526 ] }, { "date": "2024-05-31", "close": 6.497452, "volume": 11269594, "typical_volume": 21400590.65, "trend": 7.995175, "fair_value": 10.005901, "relative_strength": -25.334641, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.410243, "energy": 53.697134, "activity_lines": [ 6.718949, 6.924598, 7.068747, 7.454445 ] }, { "date": "2024-06-07", "close": 5.937158, "volume": 19117585, "typical_volume": 21724444.75, "trend": 7.893601, "fair_value": 9.977464, "relative_strength": -30.474117, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.416206, "energy": 59.621575, "activity_lines": [ 6.445682, 6.705485, 6.936888, 7.32167 ] }, { "date": "2024-06-14", "close": 5.912795, "volume": 9417341, "typical_volume": 21517096.55, "trend": 7.788594, "fair_value": 9.949122, "relative_strength": -29.846677, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.269974, "energy": 62.157865, "activity_lines": [ 6.210167, 6.504282, 6.819934, 7.193876 ] }, { "date": "2024-06-21", "close": 5.723346, "volume": 8025501, "typical_volume": 20999040.65, "trend": 7.674323, "fair_value": 9.920256, "relative_strength": -30.781307, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.087084, "energy": 68.431663, "activity_lines": [ 5.98259, 6.296421, 6.699611, 7.060634 ] }, { "date": "2024-06-28", "close": 5.633607, "volume": 9000722, "typical_volume": 20574820.3, "trend": 7.546576, "fair_value": 9.885544, "relative_strength": -30.61786, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.761936, "energy": 68.954249, "activity_lines": [ 5.811438, 6.143689, 6.585896, 6.928975 ] }, { "date": "2024-07-05", "close": 5.55384, "volume": 11714121, "typical_volume": 19752861.8, "trend": 7.412893, "fair_value": 9.839846, "relative_strength": -30.658147, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.659354, "energy": 62.762304, "activity_lines": [ 5.682428, 5.996807, 6.471693, 6.800411 ] }, { "date": "2024-07-12", "close": 5.454129, "volume": 13249293, "typical_volume": 19440715.85, "trend": 7.284078, "fair_value": 9.791187, "relative_strength": -31.811391, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.9602, "energy": 70.220563, "activity_lines": [ 5.583088, 5.851275, 6.349304, 6.674039 ] }, { "date": "2024-07-19", "close": 5.304565, "volume": 9152603, "typical_volume": 18801416.6, "trend": 7.133894, "fair_value": 9.745395, "relative_strength": -33.323351, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.395647, "energy": 88.239582, "activity_lines": [ 5.466095, 5.699843, 6.219746, 6.546329 ] }, { "date": "2024-07-26", "close": 5.274652, "volume": 7295383, "typical_volume": 18557810.4, "trend": 6.998769, "fair_value": 9.700103, "relative_strength": -30.989614, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.464982, "energy": 86.554042, "activity_lines": [ 5.37968, 5.573418, 6.094564, 6.426378 ] }, { "date": "2024-08-02", "close": 5.503984, "volume": 8984988, "typical_volume": 18464277.8, "trend": 6.873254, "fair_value": 9.643232, "relative_strength": -27.672081, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.766996, "energy": 78.889323, "activity_lines": [ 5.399621, 5.520395, 5.997701, 6.32994 ] }, { "date": "2024-08-09", "close": 5.643578, "volume": 39084989, "typical_volume": 19807719.45, "trend": 6.745838, "fair_value": 9.607267, "relative_strength": -24.067575, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.428794, "energy": 57.192781, "activity_lines": [ 5.474736, 5.513854, 5.921578, 6.250606 ] }, { "date": "2024-08-16", "close": 5.424217, "volume": 10292501, "typical_volume": 19804451.55, "trend": 6.608162, "fair_value": 9.576985, "relative_strength": -26.770275, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.061345, "energy": 49.33644, "activity_lines": [ 5.470748, 5.482955, 5.831673, 6.16534 ] }, { "date": "2024-08-23", "close": 5.095174, "volume": 7840218, "typical_volume": 19796634.1, "trend": 6.478195, "fair_value": 9.547353, "relative_strength": -29.958427, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.511421, "energy": 53.08642, "activity_lines": [ 5.359073, 5.401555, 5.718724, 6.067728 ] }, { "date": "2024-08-30", "close": 5.394303, "volume": 11858580, "typical_volume": 19435244.85, "trend": 6.361147, "fair_value": 9.520832, "relative_strength": -24.857912, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.832475, "energy": 44.782407, "activity_lines": [ 5.361067, 5.389409, 5.645434, 5.9978 ] }, { "date": "2024-09-06", "close": 5.304565, "volume": 8505462, "typical_volume": 14596940.15, "trend": 6.300414, "fair_value": 9.493609, "relative_strength": -23.358719, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.744623, "energy": 49.854809, "activity_lines": [ 5.325171, 5.366929, 5.583876, 5.929633 ] }, { "date": "2024-09-13", "close": 5.484043, "volume": 13218305, "typical_volume": 13529867.1, "trend": 6.288914, "fair_value": 9.465718, "relative_strength": -18.306142, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.304939, "energy": 44.160035, "activity_lines": [ 5.362397, 5.383064, 5.546309, 5.876964 ] }, { "date": "2024-09-20", "close": 5.344449, "volume": 13128924, "typical_volume": 13516136.9, "trend": 6.235736, "fair_value": 9.440006, "relative_strength": -20.688781, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.820206, "energy": 38.417073, "activity_lines": [ 5.363726, 5.375087, 5.500882, 5.816031 ] }, { "date": "2024-09-27", "close": 6.072331, "volume": 14751173, "typical_volume": 12888780.85, "trend": 6.210753, "fair_value": 9.419837, "relative_strength": -19.504221, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.954733, "energy": 14.077392, "activity_lines": [ 5.613001, 5.501447, 5.530876, 5.805488 ] }, { "date": "2024-10-04", "close": 6.57088, "volume": 11719356, "typical_volume": 12624835.25, "trend": 6.208613, "fair_value": 9.404183, "relative_strength": -18.754112, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 17.54479, "energy": 27.184612, "activity_lines": [ 5.963315, 5.704492, 5.612668, 5.828722 ] }, { "date": "2024-10-11", "close": 6.032447, "volume": 26391437, "typical_volume": 13200903.8, "trend": 6.174109, "fair_value": 9.383822, "relative_strength": -21.970546, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -4.211558, "energy": 24.083422, "activity_lines": [ 6.055713, 5.786073, 5.645312, 5.817357 ] }, { "date": "2024-10-18", "close": 6.162069, "volume": 15567621, "typical_volume": 13415805.15, "trend": 6.141632, "fair_value": 9.364291, "relative_strength": -20.739972, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 20.547062, "energy": 33.324725, "activity_lines": [ 6.142792, 5.881613, 5.693312, 5.81658 ] }, { "date": "2024-10-25", "close": 6.511054, "volume": 15660180, "typical_volume": 13242934.9, "trend": 6.119804, "fair_value": 9.348692, "relative_strength": -16.582219, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 32.809342, "energy": 52.029742, "activity_lines": [ 6.300999, 6.031178, 5.776145, 5.840414 ] }, { "date": "2024-11-01", "close": 6.590822, "volume": 24279356, "typical_volume": 13986035.65, "trend": 6.091462, "fair_value": 9.334106, "relative_strength": -14.162496, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.979097, "energy": 47.989497, "activity_lines": [ 6.40802, 6.175485, 5.863842, 5.870802 ] }, { "date": "2024-11-08", "close": 6.949777, "volume": 24412504, "typical_volume": 14805385.8, "trend": 6.001361, "fair_value": 9.320629, "relative_strength": -13.540199, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 51.949656, "energy": 64.100448, "activity_lines": [ 6.600128, 6.357863, 5.982497, 5.926177 ] }, { "date": "2024-11-15", "close": 7.149197, "volume": 56675943, "typical_volume": 17189146.85, "trend": 6.014567, "fair_value": 9.303349, "relative_strength": -7.17213, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 48.806072, "energy": 62.995802, "activity_lines": [ 6.833449, 6.548219, 6.114304, 6.000231 ] }, { "date": "2024-11-22", "close": 7.129255, "volume": 29998946, "typical_volume": 18103388.1, "trend": 6.031367, "fair_value": 9.292026, "relative_strength": -4.987642, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 71.135852, "energy": 70.990475, "activity_lines": [ 6.985673, 6.701409, 6.236994, 6.072146 ] }, { "date": "2024-11-29", "close": 7.777369, "volume": 29670488, "typical_volume": 18924447.85, "trend": 6.069772, "fair_value": 9.286113, "relative_strength": 2.468005, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.052875, "energy": 81.882707, "activity_lines": [ 7.289455, 6.942526, 6.413908, 6.184792 ] }, { "date": "2024-12-06", "close": 8.345716, "volume": 48560042, "typical_volume": 20894819.8, "trend": 6.115325, "fair_value": 9.283152, "relative_strength": 8.089414, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.479947, "energy": 86.007675, "activity_lines": [ 7.698266, 7.242743, 6.633887, 6.331627 ] }, { "date": "2024-12-13", "close": 8.764497, "volume": 65089416, "typical_volume": 23784521.45, "trend": 6.173528, "fair_value": 9.281622, "relative_strength": 14.459159, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.332482, "energy": 88.612964, "activity_lines": [ 8.129678, 7.577768, 6.879268, 6.502541 ] }, { "date": "2024-12-20", "close": 7.777369, "volume": 80431534, "typical_volume": 27356848.75, "trend": 6.210621, "fair_value": 9.273136, "relative_strength": 3.186542, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.333613, "energy": 66.388718, "activity_lines": [ 8.111065, 7.693432, 7.014019, 6.606015 ] }, { "date": "2024-12-27", "close": 8.146296, "volume": 70000585, "typical_volume": 28902628.55, "trend": 6.265583, "fair_value": 9.264067, "relative_strength": 7.807118, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.696764, "energy": 53.674141, "activity_lines": [ 8.17355, 7.844447, 7.17308, 6.730897 ] }, { "date": "2025-01-03", "close": 9.183278, "volume": 135971706, "typical_volume": 35186588.8, "trend": 6.373787, "fair_value": 9.261896, "relative_strength": 28.957856, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.193589, "energy": 55.957121, "activity_lines": [ 8.513893, 8.147927, 7.418984, 6.919135 ] }, { "date": "2025-01-10", "close": 7.57795, "volume": 98020293, "typical_volume": 39695592.55, "trend": 6.429292, "fair_value": 9.251003, "relative_strength": 8.647224, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.919554, "energy": 39.52236, "activity_lines": [ 8.225399, 8.110944, 7.494098, 6.996823 ] }, { "date": "2025-01-17", "close": 8.076499, "volume": 63783918, "typical_volume": 42291859.45, "trend": 6.50773, "fair_value": 9.241487, "relative_strength": 13.997487, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.736864, "energy": 35.329004, "activity_lines": [ 8.154273, 8.146658, 7.604871, 7.103095 ] }, { "date": "2025-01-24", "close": 8.146296, "volume": 56341379, "typical_volume": 44683655.3, "trend": 6.591487, "fair_value": 9.232606, "relative_strength": 15.281444, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.67721, "energy": 28.675977, "activity_lines": [ 8.152279, 8.174577, 7.709519, 7.208809 ] }, { "date": "2025-01-31", "close": 7.976789, "volume": 5802400, "typical_volume": 44312860.05, "trend": 6.672252, "fair_value": 9.220631, "relative_strength": 13.562384, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.670211, "energy": 20.755622, "activity_lines": [ 8.069187, 8.153547, 7.784491, 7.298183 ] }, { "date": "2025-02-07", "close": 8.28589, "volume": 18993970, "typical_volume": 44606112.35, "trend": 6.766644, "fair_value": 9.212457, "relative_strength": 16.173816, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.671882, "energy": 24.13547, "activity_lines": [ 8.100429, 8.173308, 7.877032, 7.402289 ] }, { "date": "2025-02-14", "close": 8.555106, "volume": 31586976, "typical_volume": 45447902.5, "trend": 6.874995, "fair_value": 9.204064, "relative_strength": 17.856853, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.584957, "energy": 31.33063, "activity_lines": [ 8.281237, 8.232772, 7.981205, 7.517673 ] }, { "date": "2025-02-21", "close": 9.173307, "volume": 36581325, "typical_volume": 46691000.95, "trend": 7.00495, "fair_value": 9.197501, "relative_strength": 24.713963, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.846841, "energy": 40.146388, "activity_lines": [ 8.602967, 8.400828, 8.132431, 7.665952 ] }, { "date": "2025-02-28", "close": 8.604961, "volume": 52316516, "typical_volume": 47987254.9, "trend": 7.108316, "fair_value": 9.179076, "relative_strength": 18.684044, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.977378, "energy": 39.25477, "activity_lines": [ 8.662128, 8.458116, 8.217137, 7.769178 ] }, { "date": "2025-03-07", "close": 8.704671, "volume": 31659099, "typical_volume": 48791828.8, "trend": 7.210353, "fair_value": 9.156272, "relative_strength": 17.802718, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.112942, "energy": 41.934138, "activity_lines": [ 8.723948, 8.518485, 8.299089, 7.872169 ] }, { "date": "2025-03-14", "close": 9.382698, "volume": 45675578, "typical_volume": 50292598.7, "trend": 7.342302, "fair_value": 9.144904, "relative_strength": 24.761799, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.202229, "energy": 52.040859, "activity_lines": [ 8.963252, 8.691981, 8.433508, 8.01232 ] }, { "date": "2025-03-21", "close": 8.744555, "volume": 22872808, "typical_volume": 50222271.3, "trend": 7.463948, "fair_value": 9.127813, "relative_strength": 17.902236, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.206829, "energy": 36.308782, "activity_lines": [ 8.916721, 8.745824, 8.493476, 8.102788 ] }, { "date": "2025-03-28", "close": 8.09644, "volume": 19867717, "typical_volume": 49995031.95, "trend": 7.554019, "fair_value": 9.106318, "relative_strength": 9.547299, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.260834, "energy": 23.933084, "activity_lines": [ 8.641521, 8.660617, 8.481463, 8.143594 ] }, { "date": "2025-04-04", "close": 9.083569, "volume": 45872563, "typical_volume": 49454862.95, "trend": 7.679986, "fair_value": 9.088264, "relative_strength": 22.930664, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.011116, "energy": 33.343084, "activity_lines": [ 8.767156, 8.754526, 8.558003, 8.242275 ] }, { "date": "2025-04-11", "close": 9.0038, "volume": 69809518, "typical_volume": 51445391.55, "trend": 7.797311, "fair_value": 9.067064, "relative_strength": 26.213383, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.758627, "energy": 28.346441, "activity_lines": [ 8.834294, 8.81689, 8.617733, 8.327682 ] }, { "date": "2025-04-18", "close": 9.871276, "volume": 109505172, "typical_volume": 55437125.75, "trend": 7.948205, "fair_value": 9.051174, "relative_strength": 35.78805, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.871355, "energy": 43.000162, "activity_lines": [ 9.170648, 9.018304, 8.751155, 8.461486 ] }, { "date": "2025-04-25", "close": 9.552205, "volume": 105256291, "typical_volume": 58271938.2, "trend": 8.064201, "fair_value": 9.037442, "relative_strength": 29.819619, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.656735, "energy": 58.112645, "activity_lines": [ 9.368074, 9.132879, 8.844217, 8.56497 ] }, { "date": "2025-05-02", "close": 9.452495, "volume": 32858417, "typical_volume": 56660388.25, "trend": 8.160255, "fair_value": 9.023384, "relative_strength": 28.265297, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.04864, "energy": 52.638416, "activity_lines": [ 9.478419, 9.211197, 8.922038, 8.654537 ] }, { "date": "2025-05-09", "close": 10.11058, "volume": 37841527, "typical_volume": 54530887.9, "trend": 8.296193, "fair_value": 9.013105, "relative_strength": 33.680349, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.252897, "energy": 63.489093, "activity_lines": [ 9.717723, 9.40409, 9.059258, 8.780365 ] }, { "date": "2025-05-16", "close": 10.100609, "volume": 46464455, "typical_volume": 53354081.4, "trend": 8.427478, "fair_value": 8.998497, "relative_strength": 31.672396, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.496667, "energy": 55.461318, "activity_lines": [ 9.885236, 9.567796, 9.184418, 8.896779 ] }, { "date": "2025-05-23", "close": 9.781538, "volume": 48246623, "typical_volume": 48967827.25, "trend": 8.536494, "fair_value": 8.98429, "relative_strength": 27.418474, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.493798, "energy": 42.205069, "activity_lines": [ 9.873271, 9.648108, 9.269883, 8.984137 ] }, { "date": "2025-05-30", "close": 9.951044, "volume": 23432852, "typical_volume": 45238455.2, "trend": 8.648501, "fair_value": 8.967155, "relative_strength": 28.72383, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.275267, "energy": 42.437662, "activity_lines": [ 9.92379, 9.751987, 9.368644, 9.075399 ] }, { "date": "2025-06-06", "close": 10.190349, "volume": 21028819, "typical_volume": 43100700.25, "trend": 8.75652, "fair_value": 8.952118, "relative_strength": 29.19969, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.170079, "energy": 41.521295, "activity_lines": [ 10.027489, 9.87744, 9.478894, 9.174873 ] }, { "date": "2025-06-13", "close": 9.671857, "volume": 21037475, "typical_volume": 41335505.05, "trend": 8.840609, "fair_value": 8.940031, "relative_strength": 22.008762, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.982852, "energy": 33.690574, "activity_lines": [ 9.909167, 9.870551, 9.529699, 9.233927 ] }, { "date": "2025-06-20", "close": 9.970986, "volume": 25507686, "typical_volume": 42320769.35, "trend": 8.935333, "fair_value": 8.936637, "relative_strength": 25.335379, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.404076, "energy": 32.674852, "activity_lines": [ 9.919802, 9.907353, 9.601727, 9.306854 ] }, { "date": "2025-06-27", "close": 10.000899, "volume": 27731628, "typical_volume": 42757652.25, "trend": 9.009451, "fair_value": 8.93519, "relative_strength": 22.334031, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.492937, "energy": 31.00616, "activity_lines": [ 9.94905, 9.932009, 9.667109, 9.3756 ] }, { "date": "2025-07-04", "close": 10.260145, "volume": 28530176, "typical_volume": 42604812.25, "trend": 9.073265, "fair_value": 8.934026, "relative_strength": 22.70723, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.433702, "energy": 33.04494, "activity_lines": [ 10.050089, 10.001443, 9.749013, 9.45629 ] }, { "date": "2025-07-11", "close": 10.678926, "volume": 18872301, "typical_volume": 41719361.05, "trend": 9.137079, "fair_value": 8.933538, "relative_strength": 25.132403, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.654822, "energy": 50.713891, "activity_lines": [ 10.270116, 10.134148, 9.862682, 9.559881 ] }, { "date": "2025-07-18", "close": 11.356954, "volume": 30688269, "typical_volume": 40637948.7, "trend": 9.256399, "fair_value": 8.936895, "relative_strength": 30.679397, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.91361, "energy": 76.363589, "activity_lines": [ 10.68358, 10.367832, 10.033756, 9.703099 ] }, { "date": "2025-07-25", "close": 12.653181, "volume": 67383513, "typical_volume": 42424169.4, "trend": 9.406628, "fair_value": 8.946491, "relative_strength": 41.322156, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.595074, "energy": 91.987093, "activity_lines": [ 11.416779, 10.814532, 10.315175, 9.922246 ] }, { "date": "2025-08-01", "close": 12.423849, "volume": 38783563, "typical_volume": 42079568.65, "trend": 9.514647, "fair_value": 8.951355, "relative_strength": 38.370452, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.156541, "energy": 93.053433, "activity_lines": [ 11.894722, 11.173125, 10.555951, 10.116906 ] }, { "date": "2025-08-08", "close": 12.882514, "volume": 38373595, "typical_volume": 42854608.0, "trend": 9.691466, "fair_value": 8.959347, "relative_strength": 38.847239, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.511759, "energy": 93.834035, "activity_lines": [ 12.364023, 11.567069, 10.825927, 10.334187 ] }, { "date": "2025-08-15", "close": 12.84263, "volume": 39103303, "typical_volume": 43816387.3, "trend": 9.850337, "fair_value": 8.966707, "relative_strength": 34.49779, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.366659, "energy": 90.430446, "activity_lines": [ 12.645205, 11.900463, 11.0724, 10.537488 ] }, { "date": "2025-08-22", "close": 13.909526, "volume": 30578162, "typical_volume": 43051667.25, "trend": 10.042445, "fair_value": 8.981471, "relative_strength": 38.846564, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.613963, "energy": 94.192765, "activity_lines": [ 13.137771, 12.379614, 11.397882, 10.799371 ] }, { "date": "2025-08-29", "close": 13.440889, "volume": 26622931, "typical_volume": 40892337.9, "trend": 10.224582, "fair_value": 8.991725, "relative_strength": 31.517931, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.872322, "energy": 80.310734, "activity_lines": [ 13.303954, 12.69651, 11.655751, 11.018626 ] }, { "date": "2025-09-05", "close": 13.091905, "volume": 22721499, "typical_volume": 36553154.25, "trend": 10.384782, "fair_value": 8.996982, "relative_strength": 28.217952, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.961277, "energy": 65.542741, "activity_lines": [ 13.301296, 12.886865, 11.859254, 11.203615 ] }, { "date": "2025-09-12", "close": 13.460832, "volume": 19801561, "typical_volume": 32280417.75, "trend": 10.548306, "fair_value": 9.00429, "relative_strength": 28.51504, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.610049, "energy": 64.075487, "activity_lines": [ 13.377075, 13.088098, 12.082556, 11.402069 ] }, { "date": "2025-09-19", "close": 13.361121, "volume": 17173620, "typical_volume": 31496177.9, "trend": 10.6879, "fair_value": 9.01397, "relative_strength": 27.846182, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.494671, "energy": 57.918055, "activity_lines": [ 13.381063, 13.213007, 12.27775, 11.583541 ] }, { "date": "2025-09-26", "close": 16.661516, "volume": 98214270, "typical_volume": 34514815.05, "trend": 10.956452, "fair_value": 9.045309, "relative_strength": 56.468265, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.679464, "energy": 70.740922, "activity_lines": [ 14.450617, 13.889221, 12.768655, 11.968936 ] }, { "date": "2025-10-03", "close": 17.309633, "volume": 21700799, "typical_volume": 33276632.25, "trend": 11.243284, "fair_value": 9.081241, "relative_strength": 57.555135, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.591637, "energy": 84.058404, "activity_lines": [ 15.552744, 14.586827, 13.29009, 12.378819 ] }, { "date": "2025-10-10", "close": 17.329573, "volume": 22229044, "typical_volume": 31975753.3, "trend": 11.50818, "fair_value": 9.119622, "relative_strength": 54.459643, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.399332, "energy": 90.830058, "activity_lines": [ 16.403601, 15.203397, 13.779096, 12.771482 ] }, { "date": "2025-10-17", "close": 17.010502, "volume": 70991892, "typical_volume": 34353705.3, "trend": 11.783711, "fair_value": 9.15809, "relative_strength": 51.309228, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.604221, "energy": 87.138328, "activity_lines": [ 16.86559, 15.672758, 14.20177, 13.126471 ] }, { "date": "2025-10-24", "close": 14.607494, "volume": 92164561, "typical_volume": 37910492.4, "trend": 12.000747, "fair_value": 9.179022, "relative_strength": 24.883283, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.921225, "energy": 61.491964, "activity_lines": [ 16.289932, 15.630155, 14.361971, 13.30865 ] }, { "date": "2025-10-31", "close": 16.442156, "volume": 61020234, "typical_volume": 39909630.35, "trend": 12.246033, "fair_value": 9.211714, "relative_strength": 38.481522, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.726152, "energy": 55.079624, "activity_lines": [ 16.242736, 15.889038, 14.675867, 13.595193 ] }, { "date": "2025-11-07", "close": 17.429283, "volume": 55491398, "typical_volume": 41408815.95, "trend": 12.526882, "fair_value": 9.253306, "relative_strength": 43.074187, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.239792, "energy": 54.002274, "activity_lines": [ 16.539207, 16.281351, 15.051536, 13.929596 ] }, { "date": "2025-11-14", "close": 16.831024, "volume": 50349277, "typical_volume": 42539698.4, "trend": 12.758874, "fair_value": 9.297211, "relative_strength": 36.621899, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.095598, "energy": 45.685897, "activity_lines": [ 16.628281, 16.492373, 15.334712, 14.207283 ] }, { "date": "2025-11-21", "close": 15.076131, "volume": 39946957, "typical_volume": 43110537.45, "trend": 12.943005, "fair_value": 9.327483, "relative_strength": 25.969806, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.962834, "energy": 37.058079, "activity_lines": [ 16.165627, 16.31634, 15.418231, 14.356783 ] }, { "date": "2025-11-28", "close": 14.767031, "volume": 58668887, "typical_volume": 45100366.75, "trend": 13.120156, "fair_value": 9.35502, "relative_strength": 20.598418, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.578156, "energy": 27.418596, "activity_lines": [ 15.728898, 16.054738, 15.449378, 14.474462 ] }, { "date": "2025-12-05", "close": 14.966451, "volume": 60735492, "typical_volume": 46602727.9, "trend": 13.282018, "fair_value": 9.38277, "relative_strength": 20.761881, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.807754, "energy": 20.066211, "activity_lines": [ 15.348007, 15.803832, 15.480051, 14.593578 ] }, { "date": "2025-12-12", "close": 14.278452, "volume": 53681085, "typical_volume": 45917606.5, "trend": 13.42128, "fair_value": 9.408493, "relative_strength": 14.853102, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.596931, "energy": 19.248801, "activity_lines": [ 14.836163, 15.458654, 15.428012, 14.657864 ] }, { "date": "2025-12-19", "close": 14.65735, "volume": 35713197, "typical_volume": 45764088.2, "trend": 13.583807, "fair_value": 9.432692, "relative_strength": 16.842297, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.577239, "energy": 15.567392, "activity_lines": [ 14.660674, 15.23748, 15.404319, 14.737611 ] }, { "date": "2025-12-26", "close": 14.029178, "volume": 39707921, "typical_volume": 45830804.5, "trend": 13.719745, "fair_value": 9.45205, "relative_strength": 9.024988, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.385314, "energy": 14.143484, "activity_lines": [ 14.420705, 14.950678, 15.310164, 14.766344 ] }, { "date": "2026-01-02", "close": 13.670222, "volume": 12357100, "typical_volume": 44493494.35, "trend": 13.83574, "fair_value": 9.46873, "relative_strength": 5.730997, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.915326, "energy": 17.891843, "activity_lines": [ 14.130882, 14.652818, 15.176363, 14.763149 ] }, { "date": "2026-01-09", "close": 13.909526, "volume": 27677009, "typical_volume": 44348436.7, "trend": 13.976996, "fair_value": 9.49008, "relative_strength": 3.025539, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -1.660635, "energy": 25.746775, "activity_lines": [ 13.993947, 14.415508, 15.061412, 14.76791 ] }, { "date": "2026-01-16", "close": 13.789874, "volume": 37409468, "typical_volume": 44887763.55, "trend": 14.104292, "fair_value": 9.508908, "relative_strength": 2.078764, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -22.827525, "energy": 36.118138, "activity_lines": [ 13.88759, 14.202492, 14.935065, 14.755837 ] }, { "date": "2026-01-23", "close": 14.218627, "volume": 33594572, "typical_volume": 45431417.2, "trend": 14.244883, "fair_value": 9.534372, "relative_strength": 3.815348, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.949484, "energy": 28.497526, "activity_lines": [ 13.956722, 14.133601, 14.847891, 14.763214 ] }, { "date": "2026-01-30", "close": 13.759961, "volume": 43700083, "typical_volume": 46626343.3, "trend": 14.361544, "fair_value": 9.556772, "relative_strength": 0.393412, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.124922, "energy": 25.434253, "activity_lines": [ 13.902214, 14.028815, 14.711668, 14.731928 ] }, { "date": "2026-02-06", "close": 13.640309, "volume": 18633785, "typical_volume": 46699351.55, "trend": 14.460256, "fair_value": 9.577651, "relative_strength": 0.311365, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.501566, "energy": 28.187214, "activity_lines": [ 13.82577, 13.926205, 14.562625, 14.685397 ] }, { "date": "2026-02-13", "close": 13.351151, "volume": 13493903, "typical_volume": 42463333.2, "trend": 14.52673, "fair_value": 9.592913, "relative_strength": -2.611783, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -36.601194, "energy": 36.998089, "activity_lines": [ 13.654933, 13.791506, 14.384715, 14.613842 ] }, { "date": "2026-02-27", "close": 13.401005, "volume": 12929346, "typical_volume": 42024760.55, "trend": 14.551657, "fair_value": 9.607428, "relative_strength": -4.421731, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.429632, "energy": 55.44436, "activity_lines": [ 13.53794, 13.69524, 14.227315, 14.541215 ] }, { "date": "2026-03-06", "close": 12.832659, "volume": 18500046, "typical_volume": 41838310.65, "trend": 14.565284, "fair_value": 9.621625, "relative_strength": -7.890412, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.968587, "energy": 68.495866, "activity_lines": [ 13.257423, 13.511593, 14.034401, 14.430311 ] }, { "date": "2026-03-13", "close": 12.543501, "volume": 12420003, "typical_volume": 38909716.2, "trend": 14.553984, "fair_value": 9.633153, "relative_strength": -9.58194, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.079629, "energy": 78.366794, "activity_lines": [ 12.972918, 13.308547, 13.835361, 14.299874 ] }, { "date": "2026-03-20", "close": 11.815619, "volume": 12321911, "typical_volume": 34917583.7, "trend": 14.51975, "fair_value": 9.640642, "relative_strength": -11.970982, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.228262, "energy": 89.111002, "activity_lines": [ 12.526882, 13.000172, 13.58827, 14.123205 ] }, { "date": "2026-03-27", "close": 12.154632, "volume": 13868584, "typical_volume": 32560001.2, "trend": 14.461254, "fair_value": 9.651998, "relative_strength": -8.705059, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.55867, "energy": 84.948356, "activity_lines": [ 12.315497, 12.787155, 13.386761, 13.970617 ] }, { "date": "2026-04-03", "close": 11.456663, "volume": 12475679, "typical_volume": 30409215.25, "trend": 14.395113, "fair_value": 9.65982, "relative_strength": -13.464397, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.184257, "energy": 90.811197, "activity_lines": [ 11.951224, 12.479142, 13.139196, 13.776772 ] }, { "date": "2026-04-10", "close": 11.905357, "volume": 11690911, "typical_volume": 28476296.95, "trend": 14.355561, "fair_value": 9.669892, "relative_strength": -12.601729, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.598809, "energy": 80.791102, "activity_lines": [ 11.866138, 12.295132, 12.962804, 13.616143 ] }, { "date": "2026-04-17", "close": 11.995096, "volume": 11186001, "typical_volume": 27038249.15, "trend": 14.306703, "fair_value": 9.682296, "relative_strength": -13.447847, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.141111, "energy": 59.715424, "activity_lines": [ 11.872785, 12.169498, 12.818415, 13.463855 ] }, { "date": "2026-04-24", "close": 11.995096, "volume": 14799109, "typical_volume": 24844760.25, "trend": 14.261169, "fair_value": 9.697083, "relative_strength": -14.016879, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.676922, "energy": 55.103168, "activity_lines": [ 11.915993, 12.075952, 12.688697, 13.314719 ] }, { "date": "2026-05-01", "close": 12.673123, "volume": 13268712, "typical_volume": 22471421.25, "trend": 14.128223, "fair_value": 9.716655, "relative_strength": -9.961933, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.582555, "energy": 38.711747, "activity_lines": [ 12.173244, 12.135596, 12.636753, 13.212264 ] }, { "date": "2026-05-08", "close": 12.832659, "volume": 12579191, "typical_volume": 20416326.55, "trend": 13.97899, "fair_value": 9.737251, "relative_strength": -10.401487, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.993441, "energy": 27.748054, "activity_lines": [ 12.449108, 12.236575, 12.610923, 13.12868 ] }, { "date": "2026-05-15", "close": 13.929468, "volume": 72602225, "typical_volume": 22260777.95, "trend": 13.865653, "fair_value": 9.764375, "relative_strength": -1.884337, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -6.152095, "energy": 15.941376, "activity_lines": [ 12.998842, 12.547308, 12.696436, 13.125485 ] }, { "date": "2026-05-22", "close": 14.208655, "volume": 88388282, "typical_volume": 24694796.0, "trend": 13.772258, "fair_value": 9.792787, "relative_strength": 0.373526, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 10.642592, "energy": 24.686762, "activity_lines": [ 13.506698, 12.888859, 12.812005, 13.147614 ] }, { "date": "2026-05-29", "close": 15.465, "volume": 87582480, "typical_volume": 28456065.0, "trend": 13.800842, "fair_value": 9.828688, "relative_strength": 9.898756, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 43.038514, "energy": 43.925463, "activity_lines": [ 14.285764, 13.428562, 13.046371, 13.256823 ] }, { "date": "2026-06-05", "close": 15.39, "volume": 17709525, "typical_volume": 27957690.8, "trend": 13.76577, "fair_value": 9.86254, "relative_strength": 9.955901, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 37.934994, "energy": 49.466588, "activity_lines": [ 14.808504, 13.888275, 13.265047, 13.359349 ] }, { "date": "2026-06-12", "close": 15.58, "volume": 17949270, "typical_volume": 26984680.9, "trend": 13.704127, "fair_value": 9.900433, "relative_strength": 10.685734, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.775464, "energy": 67.285306, "activity_lines": [ 15.213452, 14.323709, 13.494769, 13.476396 ] }, { "date": "2026-06-19", "close": 16.02, "volume": 52907429, "typical_volume": 27950323.75, "trend": 13.677093, "fair_value": 9.941837, "relative_strength": 11.524509, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.932381, "energy": 70.488108, "activity_lines": [ 15.58191, 14.764174, 13.757871, 13.625807 ] }, { "date": "2026-06-26", "close": 17.870001, "volume": 31076586, "typical_volume": 27319148.9, "trend": 13.770222, "fair_value": 9.993844, "relative_strength": 25.347425, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 87.543647, "energy": 85.585175, "activity_lines": [ 16.427667, 15.46619, 14.188585, 13.896318 ] }, { "date": "2026-07-03", "close": 21.299999, "volume": 22510371, "typical_volume": 27512978.2, "trend": 13.987988, "fair_value": 10.066994, "relative_strength": 46.928412, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.699738, "energy": 92.622807, "activity_lines": [ 18.172667, 16.685027, 14.926395, 14.38211 ] }, { "date": "2026-07-10", "close": 20.190001, "volume": 59598933, "typical_volume": 29818229.7, "trend": 14.162106, "fair_value": 10.135233, "relative_strength": 39.358416, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.501366, "energy": 89.500178, "activity_lines": [ 19.158667, 17.532865, 15.522015, 14.782239 ] }, { "date": "2026-07-17", "close": 19.110001, "volume": 86239409, "typical_volume": 33483732.85, "trend": 14.323158, "fair_value": 10.195352, "relative_strength": 38.538766, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.494464, "energy": 74.074938, "activity_lines": [ 19.464667, 18.047669, 15.982213, 15.101458 ] }, { "date": "2026-07-24", "close": 16.82, "volume": 62298602, "typical_volume": 35673660.65, "trend": 14.395246, "fair_value": 10.240791, "relative_strength": 19.586492, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.590921, "energy": 52.782857, "activity_lines": [ 18.772, 18.031976, 16.197129, 15.262545 ] }, { "date": "2026-07-31", "close": 15.03, "volume": 36789476, "typical_volume": 36892134.3, "trend": 14.428607, "fair_value": 10.273685, "relative_strength": 6.134342, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.995807, "energy": 28.123573, "activity_lines": [ 17.429334, 17.638273, 16.222582, 15.303497 ] }, { "date": "2026-08-07", "close": 17.85, "volume": 30852912, "typical_volume": 37818684.35, "trend": 14.567933, "fair_value": 10.323585, "relative_strength": 21.939576, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.509991, "energy": 20.168954, "activity_lines": [ 17.216, 17.742364, 16.504766, 15.524232 ] } ], "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." } } }