{ "ticker": { "uuid": "21fbaa55-3309-43e1-a334-20edd4ae1a90", "symbol": "6266", "name": "Top Union Electronics Corp.", "exchange": "TWO", "country": "TW", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-14", "benchmark": "^TWII", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 88.032, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -56.337, "architecture_energy": 44.405, "architecture_maturity": 50.785, "architecture_confidence": 89.363, "architecture_tenure": "Established", "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": 13.22, "rotation_up": 15.76, "upward_expansion": 6.93, "deceleration": 44.25, "rotation_down": 60.76, "downward_expansion": 82.6 }, "activity_lines": [ 24.786667, 24.994546, 25.308538, 25.624901 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 25.200001, "trend_reference": 26.108833, "distance_from_trend": -0.034809, "trend_direction": "Weakening", "fair_value": 26.561095, "distance_from_fair_value": -0.051244, "fair_value_direction": "Improving", "relative_strength": -33.910058, "relative_strength_direction": "Improving", "price_momentum": -0.056013, "excess_performance": -0.497385, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.034809, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.02419, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.051244, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.028265, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.339101, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.064342, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.056013, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.07563, "read": "Demand-led" } ], "volume": { "latest": 687909, "relative_activity": 0.502944, "balance": 1.07563, "dry_up": 0.575561, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.047942, "annualized_volatility": 0.159806, "from_high_reference": -0.157787, "from_low_reference": 0.074627 }, "levels": { "trend_reference": 26.108833, "fair_value_reference": 26.561095, "structural_low": 23.450001, "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": 13, "median_return": -0.006, "positive_rate": 0.307692, "directional_follow_through": 0.615385, "median_excess_return": -0.044831, "regime_survival": 0.769231, "best_return": 0.191067, "worst_return": -0.078947, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.006969, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": -0.12331, "regime_survival": 0.6, "best_return": 0.188586, "worst_return": -0.062866, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.013158, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.244205, "regime_survival": 0.333333, "best_return": 0.219492, "worst_return": -0.022648, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.609334, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.336884, "regime_survival": 0.0, "best_return": 1.189762, "worst_return": 0.028906, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-07-19", "end": "2024-08-09", "tenure": "New", "return": -0.035313, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-08-16", "end": "2024-08-23", "tenure": "New", "return": 0.04085, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-30", "end": "2024-11-15", "tenure": "Developing", "return": 0.053459, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-22", "end": "2025-01-03", "tenure": "Developing", "return": -0.028788, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-10", "end": "2025-01-24", "tenure": "New", "return": -0.006359, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-02-07", "end": "2025-02-14", "tenure": "New", "return": 0.012658, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-21", "end": "2025-03-07", "tenure": "New", "return": 0.059633, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-14", "end": "2025-05-02", "tenure": "Developing", "return": -0.065527, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-09", "end": "2025-06-06", "tenure": "Developing", "return": 0.04697, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-13", "end": "2025-08-01", "tenure": "Developing", "return": -0.020965, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-08", "end": "2025-11-21", "tenure": "Established", "return": -0.053691, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-28", "end": "2026-01-23", "tenure": "Developing", "return": 0.052265, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-30", "end": "2026-02-27", "tenure": "New", "return": -0.003425, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-06", "end": "2026-08-14", "tenure": "Established", "return": -0.067446, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 25.636942, "volume": 4385643, "typical_volume": 21111346.45, "trend": 25.292345, "fair_value": 15.304687, "relative_strength": 11.465847, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.579711, "energy": 23.062244, "activity_lines": [ 26.623368, 27.983313, 28.150715, 27.245503 ] }, { "date": "2023-08-18", "close": 26.16946, "volume": 5109175, "typical_volume": 20617071.05, "trend": 25.637594, "fair_value": 15.409836, "relative_strength": 14.562484, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.236863, "energy": 22.612784, "activity_lines": [ 26.339358, 27.529561, 27.982336, 27.302091 ] }, { "date": "2023-08-25", "close": 25.370684, "volume": 3435383, "typical_volume": 20248167.7, "trend": 25.948531, "fair_value": 15.505898, "relative_strength": 9.864692, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -28.252929, "energy": 34.782968, "activity_lines": [ 25.941238, 26.975844, 27.725739, 27.284871 ] }, { "date": "2023-09-01", "close": 25.294607, "volume": 3077507, "typical_volume": 15521488.7, "trend": 26.237168, "fair_value": 15.601299, "relative_strength": 7.934592, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.939815, "energy": 45.348646, "activity_lines": [ 25.619191, 26.471681, 27.458732, 27.242682 ] }, { "date": "2023-09-08", "close": 25.484795, "volume": 2496237, "typical_volume": 13647984.55, "trend": 26.42673, "fair_value": 15.700852, "relative_strength": 8.68388, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.892035, "energy": 40.724541, "activity_lines": [ 25.512688, 26.097535, 27.235429, 27.194142 ] }, { "date": "2023-09-15", "close": 26.207497, "volume": 3926628, "typical_volume": 11738512.65, "trend": 26.601951, "fair_value": 15.802623, "relative_strength": 8.939163, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.303501, "energy": 29.588352, "activity_lines": [ 25.718088, 25.959219, 27.100777, 27.179998 ] }, { "date": "2023-09-22", "close": 25.218533, "volume": 2746305, "typical_volume": 10745687.35, "trend": 26.706873, "fair_value": 15.89495, "relative_strength": 7.889211, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.125505, "energy": 29.757711, "activity_lines": [ 25.555796, 25.751053, 26.878436, 27.090745 ] }, { "date": "2023-09-29", "close": 25.256573, "volume": 793549, "typical_volume": 9702837.35, "trend": 26.815258, "fair_value": 15.990453, "relative_strength": 7.369947, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -33.483368, "energy": 28.406871, "activity_lines": [ 25.469579, 25.608587, 26.670612, 26.997178 ] }, { "date": "2023-10-06", "close": 26.017313, "volume": 2109464, "typical_volume": 8247536.6, "trend": 26.957786, "fair_value": 16.090315, "relative_strength": 8.817122, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.264445, "energy": 29.104252, "activity_lines": [ 25.64455, 25.634176, 26.550815, 26.945697 ] }, { "date": "2023-10-13", "close": 24.077423, "volume": 3187538, "typical_volume": 7779666.25, "trend": 27.034553, "fair_value": 16.181364, "relative_strength": -1.272115, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.850241, "energy": 62.267794, "activity_lines": [ 25.12471, 25.335412, 26.246455, 26.759867 ] }, { "date": "2023-10-20", "close": 23.50687, "volume": 2232832, "typical_volume": 7450716.15, "trend": 27.045085, "fair_value": 16.266858, "relative_strength": -2.003003, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.174585, "energy": 73.513527, "activity_lines": [ 24.508511, 24.977864, 25.899535, 26.532275 ] }, { "date": "2023-10-27", "close": 23.697052, "volume": 996937, "typical_volume": 6641972.45, "trend": 27.047682, "fair_value": 16.354433, "relative_strength": 0.245495, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.018681, "energy": 76.591005, "activity_lines": [ 24.135747, 24.693624, 25.588517, 26.316273 ] }, { "date": "2023-11-03", "close": 23.963314, "volume": 781323, "typical_volume": 5961117.1, "trend": 27.022919, "fair_value": 16.443026, "relative_strength": -1.326446, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.098952, "energy": 77.77013, "activity_lines": [ 23.95317, 24.502747, 25.326487, 26.117281 ] }, { "date": "2023-11-10", "close": 23.849203, "volume": 2896345, "typical_volume": 5262383.4, "trend": 26.795604, "fair_value": 16.531749, "relative_strength": -3.154158, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.994589, "energy": 72.069483, "activity_lines": [ 23.818773, 24.316712, 25.076892, 25.912525 ] }, { "date": "2023-11-17", "close": 24.457792, "volume": 1592657, "typical_volume": 4811648.85, "trend": 26.622615, "fair_value": 16.624891, "relative_strength": -4.044492, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.901484, "energy": 50.849198, "activity_lines": [ 24.031779, 24.267609, 24.917136, 25.761699 ] }, { "date": "2023-11-24", "close": 24.914238, "volume": 1877178, "typical_volume": 4036936.65, "trend": 26.534018, "fair_value": 16.720786, "relative_strength": -3.082021, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.074235, "energy": 35.765498, "activity_lines": [ 24.371576, 24.320169, 24.833093, 25.651481 ] }, { "date": "2023-12-01", "close": 25.218533, "volume": 1867176, "typical_volume": 3142858.45, "trend": 26.457761, "fair_value": 16.817253, "relative_strength": -3.162702, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.773635, "energy": 24.153813, "activity_lines": [ 24.718981, 24.451569, 24.812987, 25.566611 ] }, { "date": "2023-12-08", "close": 24.64798, "volume": 1514856, "typical_volume": 2860392.15, "trend": 26.328445, "fair_value": 16.909717, "relative_strength": -5.407032, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.813964, "energy": 21.167971, "activity_lines": [ 24.774769, 24.479233, 24.753939, 25.449851 ] }, { "date": "2023-12-15", "close": 24.457792, "volume": 1691572, "typical_volume": 2607267.3, "trend": 26.275144, "fair_value": 16.999582, "relative_strength": -7.96147, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.508635, "energy": 20.862094, "activity_lines": [ 24.721516, 24.483382, 24.687465, 25.329164 ] }, { "date": "2023-12-22", "close": 24.38172, "volume": 1400381, "typical_volume": 2405934.3, "trend": 26.202836, "fair_value": 17.086717, "relative_strength": -8.090489, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.820376, "energy": 22.13534, "activity_lines": [ 24.602334, 24.502055, 24.628598, 25.207007 ] }, { "date": "2023-12-29", "close": 24.800127, "volume": 1782708, "typical_volume": 2275787.55, "trend": 26.121417, "fair_value": 17.176535, "relative_strength": -8.49864, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.156119, "energy": 21.505293, "activity_lines": [ 24.627692, 24.591269, 24.619904, 25.11651 ] }, { "date": "2024-01-05", "close": 24.38172, "volume": 852454, "typical_volume": 2062951.5, "trend": 25.978834, "fair_value": 17.264533, "relative_strength": -8.255672, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.513007, "energy": 24.744674, "activity_lines": [ 24.521189, 24.580895, 24.575346, 25.004271 ] }, { "date": "2024-01-12", "close": 24.800127, "volume": 1613773, "typical_volume": 1971871.0, "trend": 25.843609, "fair_value": 17.35435, "relative_strength": -7.017462, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.60247, "energy": 19.973252, "activity_lines": [ 24.609942, 24.634147, 24.57915, 24.928226 ] }, { "date": "2024-01-19", "close": 24.800127, "volume": 1056218, "typical_volume": 1870806.55, "trend": 25.652156, "fair_value": 17.44434, "relative_strength": -8.293594, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.487748, "energy": 12.278324, "activity_lines": [ 24.688552, 24.672184, 24.585671, 24.860904 ] }, { "date": "2024-01-26", "close": 24.762089, "volume": 1288127, "typical_volume": 1810401.05, "trend": 25.436613, "fair_value": 17.534949, "relative_strength": -10.369572, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.039572, "energy": 10.922505, "activity_lines": [ 24.73166, 24.686016, 24.590923, 24.803481 ] }, { "date": "2024-02-02", "close": 25.256573, "volume": 1467066, "typical_volume": 1687422.95, "trend": 25.203319, "fair_value": 17.631486, "relative_strength": -9.285815, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.651111, "energy": 8.203162, "activity_lines": [ 24.914238, 24.784221, 24.646711, 24.791865 ] }, { "date": "2024-02-09", "close": 25.256573, "volume": 352318, "typical_volume": 1567723.6, "trend": 25.096816, "fair_value": 17.727162, "relative_strength": -9.608505, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.289307, "energy": 15.284218, "activity_lines": [ 25.066387, 24.876201, 24.707027, 24.795301 ] }, { "date": "2024-02-16", "close": 25.180498, "volume": 939145, "typical_volume": 1575003.4, "trend": 25.03976, "fair_value": 17.822867, "relative_strength": -12.356339, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.787647, "energy": 26.541971, "activity_lines": [ 25.134854, 24.953659, 24.759917, 24.8007 ] }, { "date": "2024-02-23", "close": 25.40872, "volume": 2759642, "typical_volume": 1607512.3, "trend": 24.96749, "fair_value": 17.91969, "relative_strength": -12.796822, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.854629, "energy": 41.583099, "activity_lines": [ 25.254036, 25.062929, 24.834904, 24.824504 ] }, { "date": "2024-03-01", "close": 26.16946, "volume": 3644329, "typical_volume": 1630351.85, "trend": 24.954811, "fair_value": 18.020527, "relative_strength": -10.37656, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 49.421865, "energy": 57.36181, "activity_lines": [ 25.586226, 25.293226, 24.985241, 24.90205 ] }, { "date": "2024-03-08", "close": 25.560867, "volume": 3788812, "typical_volume": 1708150.85, "trend": 24.952275, "fair_value": 18.113669, "relative_strength": -16.105503, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.120284, "energy": 47.856998, "activity_lines": [ 25.621727, 25.380365, 25.067654, 24.941151 ] }, { "date": "2024-03-15", "close": 25.979273, "volume": 2001658, "typical_volume": 1758386.9, "trend": 24.945936, "fair_value": 18.208286, "relative_strength": -14.191256, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 66.589551, "energy": 62.889667, "activity_lines": [ 25.77641, 25.529746, 25.180135, 25.007408 ] }, { "date": "2024-03-22", "close": 25.598904, "volume": 1407050, "typical_volume": 1789673.25, "trend": 24.953543, "fair_value": 18.300982, "relative_strength": -17.531867, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.246109, "energy": 54.985719, "activity_lines": [ 25.756124, 25.580923, 25.245522, 25.049535 ] }, { "date": "2024-03-29", "close": 25.636942, "volume": 1066957, "typical_volume": 1698203.85, "trend": 24.964954, "fair_value": 18.391162, "relative_strength": -17.444989, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.33391, "energy": 36.43119, "activity_lines": [ 25.720623, 25.624493, 25.306744, 25.093626 ] }, { "date": "2024-04-05", "close": 25.674978, "volume": 457902, "typical_volume": 1641466.1, "trend": 24.971294, "fair_value": 18.483138, "relative_strength": -17.188156, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.910982, "energy": 33.644896, "activity_lines": [ 25.682586, 25.659764, 25.363075, 25.139434 ] }, { "date": "2024-04-12", "close": 25.522829, "volume": 1841613, "typical_volume": 1639687.85, "trend": 24.948471, "fair_value": 18.572932, "relative_strength": -18.549195, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.466031, "energy": 23.656186, "activity_lines": [ 25.626798, 25.650773, 25.399119, 25.175017 ] }, { "date": "2024-04-19", "close": 24.609943, "volume": 2024995, "typical_volume": 1647578.8, "trend": 24.928185, "fair_value": 18.656874, "relative_strength": -15.913429, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 11.809707, "energy": 12.056948, "activity_lines": [ 25.26925, 25.470962, 25.345324, 25.153176 ] }, { "date": "2024-04-26", "close": 25.865164, "volume": 1871621, "typical_volume": 1665417.05, "trend": 24.948471, "fair_value": 18.750242, "relative_strength": -13.694688, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.432009, "energy": 18.792292, "activity_lines": [ 25.421398, 25.531129, 25.413972, 25.213626 ] }, { "date": "2024-05-03", "close": 26.511793, "volume": 2285069, "typical_volume": 1695091.9, "trend": 24.964954, "fair_value": 18.847927, "relative_strength": -11.931246, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.554313, "energy": 31.920665, "activity_lines": [ 25.771339, 25.696417, 25.538408, 25.314486 ] }, { "date": "2024-05-10", "close": 26.625902, "volume": 2113910, "typical_volume": 1730768.35, "trend": 25.049903, "fair_value": 18.943412, "relative_strength": -12.539031, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.550068, "energy": 46.72689, "activity_lines": [ 26.100993, 25.862397, 25.663929, 25.421644 ] }, { "date": "2024-05-17", "close": 26.435719, "volume": 1174764, "typical_volume": 1700371.15, "trend": 25.147532, "fair_value": 19.039748, "relative_strength": -15.000341, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.859458, "energy": 64.550478, "activity_lines": [ 26.303857, 25.985499, 25.760652, 25.511051 ] }, { "date": "2024-05-24", "close": 27.006275, "volume": 4825764, "typical_volume": 1899036.65, "trend": 25.257839, "fair_value": 19.14388, "relative_strength": -13.99859, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.738111, "energy": 72.293418, "activity_lines": [ 26.636047, 26.196431, 25.903925, 25.63097 ] }, { "date": "2024-05-31", "close": 27.386642, "volume": 2413992, "typical_volume": 1939047.6, "trend": 25.37195, "fair_value": 19.25045, "relative_strength": -10.779002, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.662151, "energy": 78.374949, "activity_lines": [ 26.935271, 26.457849, 26.070925, 25.768312 ] }, { "date": "2024-06-07", "close": 27.310572, "volume": 1340365, "typical_volume": 1953254.95, "trend": 25.487329, "fair_value": 19.356015, "relative_strength": -13.296666, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.798144, "energy": 76.287548, "activity_lines": [ 27.107706, 26.672931, 26.218364, 25.893385 ] }, { "date": "2024-06-14", "close": 27.348606, "volume": 1313692, "typical_volume": 1954533.2, "trend": 25.58369, "fair_value": 19.461479, "relative_strength": -15.155642, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.74495, "energy": 76.025238, "activity_lines": [ 27.239568, 26.864499, 26.357471, 26.013467 ] }, { "date": "2024-06-21", "close": 27.102951, "volume": 5029060, "typical_volume": 2132632.9, "trend": 25.656647, "fair_value": 19.563816, "relative_strength": -17.952897, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.732565, "energy": 64.140198, "activity_lines": [ 27.241364, 26.980973, 26.460865, 26.111484 ] }, { "date": "2024-06-28", "close": 27.019556, "volume": 1555346, "typical_volume": 2192784.3, "trend": 25.716681, "fair_value": 19.664929, "relative_strength": -16.660729, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.007754, "energy": 46.352645, "activity_lines": [ 27.170879, 27.053555, 26.547525, 26.199413 ] }, { "date": "2024-07-05", "close": 27.102951, "volume": 1333909, "typical_volume": 2212522.5, "trend": 25.798513, "fair_value": 19.766232, "relative_strength": -17.378115, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.05951, "energy": 39.545776, "activity_lines": [ 27.127308, 27.097488, 26.633732, 26.28885 ] }, { "date": "2024-07-12", "close": 26.685982, "volume": 1253387, "typical_volume": 2137209.75, "trend": 25.872786, "fair_value": 19.863481, "relative_strength": -19.283679, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.2025, "energy": 26.910098, "activity_lines": [ 26.963659, 27.043104, 26.671073, 26.346106 ] }, { "date": "2024-07-19", "close": 25.977135, "volume": 1272459, "typical_volume": 2018616.25, "trend": 25.925967, "fair_value": 19.9536, "relative_strength": -17.31849, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.5793, "energy": 15.797647, "activity_lines": [ 26.605368, 26.856671, 26.634822, 26.352838 ] }, { "date": "2024-07-26", "close": 25.309988, "volume": 1111415, "typical_volume": 1884746.4, "trend": 25.942962, "fair_value": 20.037718, "relative_strength": -16.18176, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.551772, "energy": 20.695775, "activity_lines": [ 26.116126, 26.560735, 26.53595, 26.313098 ] }, { "date": "2024-08-02", "close": 25.685257, "volume": 1176043, "typical_volume": 1843465.65, "trend": 25.986413, "fair_value": 20.125276, "relative_strength": -12.568306, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -24.009682, "energy": 32.479648, "activity_lines": [ 25.871504, 26.353497, 26.474012, 26.296472 ] }, { "date": "2024-08-09", "close": 25.059805, "volume": 2231305, "typical_volume": 1884678.4, "trend": 25.995069, "fair_value": 20.208308, "relative_strength": -13.563881, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -32.891135, "energy": 37.98747, "activity_lines": [ 25.507351, 26.056559, 26.353907, 26.236691 ] }, { "date": "2024-08-16", "close": 25.518469, "volume": 661127, "typical_volume": 1864386.9, "trend": 26.019014, "fair_value": 20.296177, "relative_strength": -14.896561, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.371019, "energy": 40.828154, "activity_lines": [ 25.432296, 25.88532, 26.280052, 26.205942 ] }, { "date": "2024-08-23", "close": 26.560892, "volume": 914347, "typical_volume": 1887209.15, "trend": 26.078974, "fair_value": 20.391417, "relative_strength": -10.217077, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -9.223834, "energy": 17.268083, "activity_lines": [ 25.78255, 25.936197, 26.306039, 26.240902 ] }, { "date": "2024-08-30", "close": 26.519194, "volume": 596498, "typical_volume": 1824953.4, "trend": 26.121061, "fair_value": 20.48973, "relative_strength": -10.376604, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.612787, "energy": 7.908968, "activity_lines": [ 26.079987, 25.993814, 26.323836, 26.269303 ] }, { "date": "2024-09-06", "close": 25.935438, "volume": 768136, "typical_volume": 1762110.45, "trend": 26.14369, "fair_value": 20.578858, "relative_strength": -8.509997, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.508743, "energy": 7.876528, "activity_lines": [ 26.102226, 25.955908, 26.281293, 26.257328 ] }, { "date": "2024-09-13", "close": 26.560892, "volume": 1112474, "typical_volume": 1724153.1, "trend": 26.189703, "fair_value": 20.672934, "relative_strength": -7.258189, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.835584, "energy": 16.269685, "activity_lines": [ 26.31627, 26.051432, 26.292005, 26.284244 ] }, { "date": "2024-09-20", "close": 26.852768, "volume": 1007583, "typical_volume": 1660278.8, "trend": 26.237838, "fair_value": 20.770382, "relative_strength": -7.482935, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.629658, "energy": 18.950357, "activity_lines": [ 26.527533, 26.209879, 26.327202, 26.327022 ] }, { "date": "2024-09-27", "close": 26.727678, "volume": 927061, "typical_volume": 1600936.35, "trend": 26.256445, "fair_value": 20.866841, "relative_strength": -10.097763, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 31.360107, "energy": 20.004224, "activity_lines": [ 26.608147, 26.342551, 26.348862, 26.358625 ] }, { "date": "2024-10-04", "close": 26.769375, "volume": 558356, "typical_volume": 1570115.95, "trend": 26.296729, "fair_value": 20.965068, "relative_strength": -7.345446, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 41.614339, "energy": 26.081381, "activity_lines": [ 26.691541, 26.469158, 26.374008, 26.391717 ] }, { "date": "2024-10-11", "close": 26.102226, "volume": 835944, "typical_volume": 1370624.95, "trend": 26.300828, "fair_value": 21.059769, "relative_strength": -11.630444, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 29.27177, "energy": 16.932715, "activity_lines": [ 26.535873, 26.44793, 26.334028, 26.379168 ] }, { "date": "2024-10-18", "close": 26.811071, "volume": 1484359, "typical_volume": 1324143.3, "trend": 26.341233, "fair_value": 21.159202, "relative_strength": -11.111795, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 41.359907, "energy": 19.912506, "activity_lines": [ 26.605367, 26.548003, 26.365861, 26.412087 ] }, { "date": "2024-10-25", "close": 27.102951, "volume": 837004, "typical_volume": 1298975.25, "trend": 26.3901, "fair_value": 21.261444, "relative_strength": -9.19116, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 46.340086, "energy": 25.575703, "activity_lines": [ 26.755476, 26.669303, 26.428234, 26.461231 ] }, { "date": "2024-11-01", "close": 26.352407, "volume": 776612, "typical_volume": 1272121.25, "trend": 26.412681, "fair_value": 21.358687, "relative_strength": -9.099721, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 32.029981, "energy": 14.485983, "activity_lines": [ 26.638725, 26.625332, 26.420115, 26.458799 ] }, { "date": "2024-11-08", "close": 26.644285, "volume": 590140, "typical_volume": 1050175.25, "trend": 26.450063, "fair_value": 21.456863, "relative_strength": -10.709727, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.252402, "energy": 13.865765, "activity_lines": [ 26.644285, 26.63822, 26.444537, 26.473741 ] }, { "date": "2024-11-15", "close": 27.936888, "volume": 3948756, "typical_volume": 1169845.75, "trend": 26.560961, "fair_value": 21.5637, "relative_strength": -2.754268, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 67.898128, "energy": 49.28066, "activity_lines": [ 27.089052, 26.883852, 26.594249, 26.569665 ] }, { "date": "2024-11-22", "close": 27.519918, "volume": 1148577, "typical_volume": 1160579.15, "trend": 26.61612, "fair_value": 21.667677, "relative_strength": -4.533043, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.388244, "energy": 50.457213, "activity_lines": [ 27.272517, 27.017282, 26.699881, 26.631533 ] }, { "date": "2024-11-29", "close": 27.7701, "volume": 1965372, "typical_volume": 1196178.4, "trend": 26.658063, "fair_value": 21.773257, "relative_strength": -0.585934, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.46659, "energy": 60.158201, "activity_lines": [ 27.492121, 27.178763, 26.827354, 26.705984 ] }, { "date": "2024-12-06", "close": 27.603313, "volume": 990630, "typical_volume": 1182086.95, "trend": 26.690643, "fair_value": 21.877018, "relative_strength": -4.816449, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.09236, "energy": 61.596889, "activity_lines": [ 27.611652, 27.29324, 26.93378, 26.766967 ] }, { "date": "2024-12-13", "close": 28.020281, "volume": 4243297, "typical_volume": 1338681.05, "trend": 26.743462, "fair_value": 21.983451, "relative_strength": -2.403254, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.117969, "energy": 59.989707, "activity_lines": [ 27.786779, 27.467608, 27.072174, 26.852751 ] }, { "date": "2024-12-20", "close": 27.35313, "volume": 1663414, "typical_volume": 1363049.6, "trend": 26.755024, "fair_value": 22.085233, "relative_strength": -2.310725, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.110589, "energy": 39.565565, "activity_lines": [ 27.647789, 27.497933, 27.134123, 26.892084 ] }, { "date": "2024-12-27", "close": 27.269737, "volume": 1009702, "typical_volume": 1301969.45, "trend": 26.751127, "fair_value": 22.186668, "relative_strength": -5.502313, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.530989, "energy": 29.573553, "activity_lines": [ 27.519918, 27.490352, 27.180189, 26.925291 ] }, { "date": "2025-01-03", "close": 26.727678, "volume": 1069035, "typical_volume": 1322364.85, "trend": 26.731697, "fair_value": 22.260984, "relative_strength": -5.565814, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 28.435836, "energy": 14.612526, "activity_lines": [ 27.22804, 27.375875, 27.164105, 26.923778 ] }, { "date": "2025-01-10", "close": 26.227316, "volume": 1158033, "typical_volume": 1334549.15, "trend": 26.694321, "fair_value": 22.320645, "relative_strength": -7.352144, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.034093, "energy": 14.405501, "activity_lines": [ 26.83887, 27.177246, 27.094611, 26.891238 ] }, { "date": "2025-01-17", "close": 25.893742, "volume": 1077511, "typical_volume": 1358599.8, "trend": 26.654014, "fair_value": 22.355275, "relative_strength": -8.663281, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.356039, "energy": 28.243347, "activity_lines": [ 26.430241, 26.920242, 26.994935, 26.839587 ] }, { "date": "2025-01-24", "close": 26.060528, "volume": 326325, "typical_volume": 1336509.25, "trend": 26.622046, "fair_value": 22.399419, "relative_strength": -9.166715, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.091044, "energy": 37.168989, "activity_lines": [ 26.218977, 26.707209, 26.914123, 26.801298 ] }, { "date": "2025-02-07", "close": 26.352407, "volume": 784551, "typical_volume": 1320113.1, "trend": 26.597028, "fair_value": 22.464574, "relative_strength": -7.562553, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.702136, "energy": 40.49099, "activity_lines": [ 26.191179, 26.58136, 26.860513, 26.783902 ] }, { "date": "2025-02-14", "close": 26.685982, "volume": 837472, "typical_volume": 1311607.55, "trend": 26.597028, "fair_value": 22.536183, "relative_strength": -4.708937, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.485279, "energy": 30.302977, "activity_lines": [ 26.335728, 26.537389, 26.839664, 26.789641 ] }, { "date": "2025-02-21", "close": 27.269737, "volume": 1020195, "typical_volume": 1316264.25, "trend": 26.640115, "fair_value": 22.611534, "relative_strength": -4.685456, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.883094, "energy": 8.253882, "activity_lines": [ 26.677642, 26.619266, 26.875206, 26.833041 ] }, { "date": "2025-02-28", "close": 27.561615, "volume": 1047065, "typical_volume": 1340699.7, "trend": 26.715169, "fair_value": 22.690633, "relative_strength": -0.598765, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 44.04414, "energy": 26.605188, "activity_lines": [ 27.047354, 26.760278, 26.935964, 26.892493 ] }, { "date": "2025-03-07", "close": 28.895914, "volume": 4082580, "typical_volume": 1503031.5, "trend": 26.822191, "fair_value": 22.779786, "relative_strength": 6.589724, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 77.796389, "energy": 55.865633, "activity_lines": [ 27.750641, 27.152228, 27.120026, 27.033186 ] }, { "date": "2025-03-14", "close": 29.271185, "volume": 2418446, "typical_volume": 1549735.85, "trend": 26.962571, "fair_value": 22.865715, "relative_strength": 10.890467, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.212712, "energy": 80.715128, "activity_lines": [ 28.389992, 27.584359, 27.326524, 27.191186 ] }, { "date": "2025-03-21", "close": 28.937611, "volume": 1482662, "typical_volume": 1582018.75, "trend": 27.076542, "fair_value": 22.953447, "relative_strength": 8.466348, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.452958, "energy": 83.382645, "activity_lines": [ 28.723567, 27.91945, 27.489539, 27.318608 ] }, { "date": "2025-03-28", "close": 28.937611, "volume": 1478065, "typical_volume": 1617091.4, "trend": 27.155766, "fair_value": 23.041366, "relative_strength": 11.37807, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.250944, "energy": 84.022971, "activity_lines": [ 28.907033, 28.21436, 27.643817, 27.438677 ] }, { "date": "2025-04-04", "close": 28.56234, "volume": 1061515, "typical_volume": 1640660.15, "trend": 27.223871, "fair_value": 23.129132, "relative_strength": 11.367709, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.734626, "energy": 77.402704, "activity_lines": [ 28.854217, 28.391761, 27.750045, 27.529423 ] }, { "date": "2025-04-11", "close": 26.435801, "volume": 3407369, "typical_volume": 1613590.8, "trend": 27.24055, "fair_value": 23.206456, "relative_strength": 12.251983, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 22.058286, "energy": 17.90123, "activity_lines": [ 28.02584, 28.133999, 27.644612, 27.47858 ] }, { "date": "2025-04-18", "close": 26.435801, "volume": 1402572, "typical_volume": 1626290.55, "trend": 27.23638, "fair_value": 23.286031, "relative_strength": 12.788239, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 9.191792, "energy": 15.190414, "activity_lines": [ 27.361471, 27.869414, 27.546326, 27.426661 ] }, { "date": "2025-04-25", "close": 27.102951, "volume": 1012779, "typical_volume": 1578660.9, "trend": 27.244719, "fair_value": 23.36932, "relative_strength": 12.66938, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": 0.009776, "energy": 18.744152, "activity_lines": [ 27.10851, 27.724612, 27.516742, 27.418053 ] }, { "date": "2025-05-02", "close": 27.35313, "volume": 745850, "typical_volume": 1566421.9, "trend": 27.265568, "fair_value": 23.453838, "relative_strength": 8.65245, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -3.332055, "energy": 21.330205, "activity_lines": [ 27.061253, 27.617717, 27.51416, 27.425047 ] }, { "date": "2025-05-09", "close": 27.519918, "volume": 776983, "typical_volume": 1393106.2, "trend": 27.290586, "fair_value": 23.536047, "relative_strength": 8.628846, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.601014, "energy": 12.984506, "activity_lines": [ 27.175224, 27.53963, 27.528655, 27.441457 ] }, { "date": "2025-05-16", "close": 27.7701, "volume": 1269017, "typical_volume": 1373386.35, "trend": 27.346182, "fair_value": 23.626053, "relative_strength": 4.980243, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.112904, "energy": 8.684939, "activity_lines": [ 27.442084, 27.507789, 27.569359, 27.472393 ] }, { "date": "2025-05-23", "close": 28.145372, "volume": 686806, "typical_volume": 1357241.55, "trend": 27.390658, "fair_value": 23.721466, "relative_strength": 7.243719, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.699297, "energy": 19.941271, "activity_lines": [ 27.745082, 27.564648, 27.643818, 27.523954 ] }, { "date": "2025-05-30", "close": 28.812521, "volume": 1327057, "typical_volume": 1370142.65, "trend": 27.447644, "fair_value": 23.818154, "relative_strength": 11.182226, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 51.955306, "energy": 33.043365, "activity_lines": [ 28.156491, 27.763277, 27.777645, 27.615687 ] }, { "date": "2025-06-06", "close": 28.812521, "volume": 1191547, "typical_volume": 1371818.35, "trend": 27.529648, "fair_value": 23.913528, "relative_strength": 9.509972, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 62.437138, "energy": 56.028977, "activity_lines": [ 28.453928, 27.96418, 27.901544, 27.703743 ] }, { "date": "2025-06-13", "close": 28.604036, "volume": 1672672, "typical_volume": 1401576.4, "trend": 27.594973, "fair_value": 23.999309, "relative_strength": 6.608481, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.604956, "energy": 59.663343, "activity_lines": [ 28.584578, 28.129451, 27.993277, 27.773059 ] }, { "date": "2025-06-20", "close": 28.097845, "volume": 3654100, "typical_volume": 1567965.15, "trend": 27.600338, "fair_value": 24.083158, "relative_strength": 4.752882, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.164795, "energy": 51.49174, "activity_lines": [ 28.474223, 28.201929, 28.023895, 27.805502 ] }, { "date": "2025-06-27", "close": 28.658867, "volume": 1002722, "typical_volume": 1578873.7, "trend": 27.638303, "fair_value": 24.172668, "relative_strength": 4.145427, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.386257, "energy": 37.762084, "activity_lines": [ 28.529026, 28.346192, 28.098243, 27.873794 ] }, { "date": "2025-07-04", "close": 28.565363, "volume": 656741, "typical_volume": 1569837.15, "trend": 27.664812, "fair_value": 24.270631, "relative_strength": 3.802022, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.110774, "energy": 29.603345, "activity_lines": [ 28.518427, 28.433035, 28.152702, 27.933605 ] }, { "date": "2025-07-11", "close": 28.425108, "volume": 650314, "typical_volume": 1551343.1, "trend": 27.692205, "fair_value": 24.373274, "relative_strength": 2.209113, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.542681, "energy": 28.856944, "activity_lines": [ 28.477555, 28.467788, 28.184854, 27.982656 ] }, { "date": "2025-07-18", "close": 28.425108, "volume": 387358, "typical_volume": 1518357.75, "trend": 27.705699, "fair_value": 24.472198, "relative_strength": -0.709806, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.9643, "energy": 25.30468, "activity_lines": [ 28.462509, 28.48305, 28.211504, 28.02994 ] }, { "date": "2025-07-25", "close": 28.144598, "volume": 669418, "typical_volume": 1347699.65, "trend": 27.732081, "fair_value": 24.560023, "relative_strength": -1.716798, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.37305, "energy": 18.935619, "activity_lines": [ 28.365889, 28.430853, 28.207327, 28.058256 ] }, { "date": "2025-08-01", "close": 28.004343, "volume": 737100, "typical_volume": 1263632.35, "trend": 27.756568, "fair_value": 24.644675, "relative_strength": -2.576284, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 28.541073, "energy": 14.789077, "activity_lines": [ 28.219401, 28.346345, 28.19337, 28.075821 ] }, { "date": "2025-08-08", "close": 27.864086, "volume": 850986, "typical_volume": 1232048.55, "trend": 27.794449, "fair_value": 24.723056, "relative_strength": -5.39238, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.475025, "energy": 13.278672, "activity_lines": [ 28.069795, 28.238901, 28.172088, 28.082758 ] }, { "date": "2025-08-15", "close": 28.144598, "volume": 1282592, "typical_volume": 1222274.9, "trend": 27.858358, "fair_value": 24.804267, "relative_strength": -5.654142, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.143433, "energy": 14.932048, "activity_lines": [ 28.060444, 28.199703, 28.182634, 28.105348 ] }, { "date": "2025-08-22", "close": 27.910839, "volume": 729502, "typical_volume": 1205674.25, "trend": 27.925595, "fair_value": 24.872613, "relative_strength": -4.242667, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.797694, "energy": 10.50087, "activity_lines": [ 27.991875, 28.130147, 28.174693, 28.108734 ] }, { "date": "2025-08-29", "close": 28.892628, "volume": 1405573, "typical_volume": 1105584.45, "trend": 28.019998, "fair_value": 24.940019, "relative_strength": -2.781457, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.675306, "energy": 16.985207, "activity_lines": [ 28.284854, 28.251702, 28.263358, 28.171123 ] }, { "date": "2025-09-05", "close": 28.658867, "volume": 1386144, "typical_volume": 1104763.05, "trend": 28.09688, "fair_value": 25.009647, "relative_strength": -4.566164, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.870823, "energy": 24.039351, "activity_lines": [ 28.450043, 28.316304, 28.31806, 28.212341 ] }, { "date": "2025-09-12", "close": 28.612116, "volume": 747615, "typical_volume": 1091504.85, "trend": 28.161084, "fair_value": 25.081042, "relative_strength": -8.262502, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 46.359103, "energy": 35.589547, "activity_lines": [ 28.556014, 28.372407, 28.357725, 28.245582 ] }, { "date": "2025-09-19", "close": 28.238102, "volume": 792240, "typical_volume": 1093824.35, "trend": 28.193363, "fair_value": 25.151899, "relative_strength": -9.663304, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.057846, "energy": 29.867875, "activity_lines": [ 28.487445, 28.359656, 28.354582, 28.250551 ] }, { "date": "2025-09-26", "close": 27.95759, "volume": 801775, "typical_volume": 1095063.95, "trend": 28.206562, "fair_value": 25.227779, "relative_strength": -10.399918, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.016867, "energy": 10.056389, "activity_lines": [ 28.319138, 28.299304, 28.32051, 28.235339 ] }, { "date": "2025-10-03", "close": 28.051094, "volume": 432842, "typical_volume": 1053255.2, "trend": 28.178402, "fair_value": 25.306738, "relative_strength": -13.899955, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.152708, "energy": 8.768016, "activity_lines": [ 28.178882, 28.264452, 28.293259, 28.225309 ] }, { "date": "2025-10-10", "close": 28.284853, "volume": 592144, "typical_volume": 1048522.1, "trend": 28.145524, "fair_value": 25.392155, "relative_strength": -14.680945, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.974839, "energy": 11.735349, "activity_lines": [ 28.172649, 28.273803, 28.286933, 28.232177 ] }, { "date": "2025-10-17", "close": 27.95759, "volume": 714157, "typical_volume": 1017877.1, "trend": 28.112857, "fair_value": 25.472375, "relative_strength": -15.514613, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.508559, "energy": 13.652414, "activity_lines": [ 28.082262, 28.218551, 28.248774, 28.220052 ] }, { "date": "2025-10-24", "close": 28.284853, "volume": 671362, "typical_volume": 991867.85, "trend": 28.091098, "fair_value": 25.559032, "relative_strength": -15.085519, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.224561, "energy": 10.331353, "activity_lines": [ 28.144597, 28.221101, 28.245855, 28.231149 ] }, { "date": "2025-10-31", "close": 28.051094, "volume": 1661701, "typical_volume": 991319.3, "trend": 28.074056, "fair_value": 25.644191, "relative_strength": -17.659548, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -0.427294, "energy": 3.589396, "activity_lines": [ 28.125897, 28.178599, 28.223185, 28.228568 ] }, { "date": "2025-11-07", "close": 27.723831, "volume": 837358, "typical_volume": 850482.2, "trend": 28.116991, "fair_value": 25.728699, "relative_strength": -16.702795, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.413319, "energy": 22.425355, "activity_lines": [ 27.991875, 28.074045, 28.171981, 28.205973 ] }, { "date": "2025-11-14", "close": 27.396568, "volume": 940226, "typical_volume": 847357.4, "trend": 28.149016, "fair_value": 25.806549, "relative_strength": -16.748652, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -34.565145, "energy": 35.863589, "activity_lines": [ 27.770583, 27.931239, 28.09139, 28.159494 ] }, { "date": "2025-11-21", "close": 26.368029, "volume": 1319636, "typical_volume": 880502.15, "trend": 28.124519, "fair_value": 25.87126, "relative_strength": -16.648391, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -80.195748, "energy": 71.329413, "activity_lines": [ 27.265663, 27.624377, 27.918853, 28.044591 ] }, { "date": "2025-11-28", "close": 26.835548, "volume": 623356, "typical_volume": 879154.25, "trend": 28.107266, "fair_value": 25.9377, "relative_strength": -18.527935, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.691866, "energy": 73.444955, "activity_lines": [ 27.022554, 27.443321, 27.801306, 27.961432 ] }, { "date": "2025-12-05", "close": 26.788795, "volume": 548943, "typical_volume": 887233.5, "trend": 28.082895, "fair_value": 26.003841, "relative_strength": -19.322646, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.849954, "energy": 75.609598, "activity_lines": [ 26.860481, 27.279264, 27.686875, 27.876369 ] }, { "date": "2025-12-12", "close": 27.022554, "volume": 596352, "typical_volume": 883580.2, "trend": 28.057977, "fair_value": 26.068524, "relative_strength": -18.940776, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.126127, "energy": 69.859502, "activity_lines": [ 26.860481, 27.17896, 27.602499, 27.80796 ] }, { "date": "2025-12-19", "close": 27.116058, "volume": 801495, "typical_volume": 886799.95, "trend": 28.023667, "fair_value": 26.134651, "relative_strength": -16.864929, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.154787, "energy": 43.994452, "activity_lines": [ 26.938401, 27.114358, 27.532372, 27.747191 ] }, { "date": "2025-12-26", "close": 26.835548, "volume": 1187838, "typical_volume": 903642.55, "trend": 27.957768, "fair_value": 26.19708, "relative_strength": -19.841333, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.483814, "energy": 38.891167, "activity_lines": [ 26.941518, 27.020004, 27.439759, 27.670538 ] }, { "date": "2026-01-02", "close": 27.209562, "volume": 590018, "typical_volume": 869013.85, "trend": 27.904336, "fair_value": 26.264017, "relative_strength": -20.603862, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.653621, "energy": 27.184502, "activity_lines": [ 27.038139, 27.014054, 27.387664, 27.622267 ] }, { "date": "2026-01-09", "close": 27.770584, "volume": 1143107, "typical_volume": 889694.1, "trend": 27.876554, "fair_value": 26.341309, "relative_strength": -21.154907, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.778254, "energy": 15.645967, "activity_lines": [ 27.296832, 27.129659, 27.393452, 27.613638 ] }, { "date": "2026-01-16", "close": 27.770584, "volume": 936219, "typical_volume": 866226.4, "trend": 27.865645, "fair_value": 26.417755, "relative_strength": -23.643068, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.027474, "energy": 15.159895, "activity_lines": [ 27.490073, 27.250364, 27.399908, 27.606801 ] }, { "date": "2026-01-23", "close": 28.238102, "volume": 3589697, "typical_volume": 976404.05, "trend": 27.85162, "fair_value": 26.49741, "relative_strength": -23.401422, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -7.917499, "energy": 14.970178, "activity_lines": [ 27.789285, 27.455222, 27.456233, 27.630831 ] }, { "date": "2026-01-30", "close": 27.303066, "volume": 1146477, "typical_volume": 996347.15, "trend": 27.809543, "fair_value": 26.569592, "relative_strength": -25.857205, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.305813, "energy": 15.440487, "activity_lines": [ 27.702015, 27.474772, 27.425511, 27.59544 ] }, { "date": "2026-02-06", "close": 26.695292, "volume": 1029456, "typical_volume": 1008207.95, "trend": 27.751883, "fair_value": 26.634078, "relative_strength": -26.519538, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.441391, "energy": 13.95131, "activity_lines": [ 27.380985, 27.366818, 27.343138, 27.523553 ] }, { "date": "2026-02-13", "close": 26.835548, "volume": 441466, "typical_volume": 990192.5, "trend": 27.698897, "fair_value": 26.679191, "relative_strength": -29.721393, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.316012, "energy": 21.005829, "activity_lines": [ 27.140993, 27.286915, 27.281471, 27.464435 ] }, { "date": "2026-02-27", "close": 27.209562, "volume": 839973, "typical_volume": 1010549.05, "trend": 27.667729, "fair_value": 26.719311, "relative_strength": -31.942704, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.32435, "energy": 27.596319, "activity_lines": [ 27.088007, 27.274165, 27.260766, 27.432865 ] }, { "date": "2026-03-06", "close": 27.022554, "volume": 1200212, "typical_volume": 1040952.45, "trend": 27.635003, "fair_value": 26.751052, "relative_strength": -28.281398, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.194225, "energy": 36.093492, "activity_lines": [ 27.010087, 27.224013, 27.226259, 27.39124 ] }, { "date": "2026-03-13", "close": 26.742044, "volume": 1116177, "typical_volume": 1061053.45, "trend": 27.597602, "fair_value": 26.781418, "relative_strength": -28.010858, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.072385, "energy": 41.121482, "activity_lines": [ 26.919701, 27.124559, 27.171047, 27.33363 ] }, { "date": "2026-03-20", "close": 27.162809, "volume": 1081926, "typical_volume": 1081581.65, "trend": 27.564875, "fair_value": 26.81617, "relative_strength": -26.527093, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.61916, "energy": 23.474393, "activity_lines": [ 27.00697, 27.103308, 27.161697, 27.305579 ] }, { "date": "2026-03-27", "close": 26.975803, "volume": 750130, "typical_volume": 1036003.1, "trend": 27.533708, "fair_value": 26.849512, "relative_strength": -25.447342, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.43635, "energy": 23.671524, "activity_lines": [ 27.000737, 27.048906, 27.139879, 27.267574 ] }, { "date": "2026-04-03", "close": 26.227772, "volume": 1913327, "typical_volume": 1089801.55, "trend": 27.444879, "fair_value": 26.86898, "relative_strength": -25.613146, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.78154, "energy": 34.685192, "activity_lines": [ 26.735809, 26.872948, 27.051941, 27.18332 ] }, { "date": "2026-04-10", "close": 26.13427, "volume": 919901, "typical_volume": 1088785.3, "trend": 27.360726, "fair_value": 26.885102, "relative_strength": -31.094739, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.517005, "energy": 42.529375, "activity_lines": [ 26.505167, 26.708042, 26.962222, 27.098765 ] }, { "date": "2026-04-17", "close": 26.368029, "volume": 1256129, "typical_volume": 1085609.95, "trend": 27.285923, "fair_value": 26.895755, "relative_strength": -32.322986, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.633293, "energy": 48.631835, "activity_lines": [ 26.411664, 26.623889, 26.900777, 27.03472 ] }, { "date": "2026-04-24", "close": 26.274525, "volume": 1822850, "typical_volume": 1145584.65, "trend": 27.22047, "fair_value": 26.867587, "relative_strength": -35.442081, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.190608, "energy": 51.439781, "activity_lines": [ 26.311927, 26.539735, 26.830427, 26.969468 ] }, { "date": "2026-05-01", "close": 26.040766, "volume": 1028715, "typical_volume": 1169573.25, "trend": 27.156576, "fair_value": 26.844468, "relative_strength": -35.178372, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.395914, "energy": 55.099408, "activity_lines": [ 26.193489, 26.420731, 26.740485, 26.893359 ] }, { "date": "2026-05-08", "close": 26.13427, "volume": 1405154, "typical_volume": 1210013.35, "trend": 27.092682, "fair_value": 26.83525, "relative_strength": -38.341929, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.967572, "energy": 49.507848, "activity_lines": [ 26.168554, 26.333177, 26.663011, 26.827403 ] }, { "date": "2026-05-15", "close": 24.684963, "volume": 2032930, "typical_volume": 1271585.1, "trend": 26.972686, "fair_value": 26.817165, "relative_strength": -40.344236, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.38445, "energy": 73.757071, "activity_lines": [ 25.666751, 26.001664, 26.451737, 26.672067 ] }, { "date": "2026-05-22", "close": 25.292736, "volume": 966066, "typical_volume": 1260496.5, "trend": 26.883857, "fair_value": 26.79643, "relative_strength": -39.683176, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.324279, "energy": 68.886384, "activity_lines": [ 25.46416, 25.823157, 26.309923, 26.563683 ] }, { "date": "2026-05-29", "close": 26.274525, "volume": 2279152, "typical_volume": 1344953.2, "trend": 26.816846, "fair_value": 26.797825, "relative_strength": -39.965403, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.854066, "energy": 45.171948, "activity_lines": [ 25.660518, 25.849508, 26.268959, 26.524371 ] }, { "date": "2026-06-05", "close": 26.227772, "volume": 1867492, "typical_volume": 1381172.45, "trend": 26.756069, "fair_value": 26.795754, "relative_strength": -39.610281, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.112485, "energy": 36.819283, "activity_lines": [ 25.841291, 25.88351, 26.227996, 26.486366 ] }, { "date": "2026-06-12", "close": 25.450001, "volume": 2854670, "typical_volume": 1477095.0, "trend": 26.680275, "fair_value": 26.784262, "relative_strength": -39.291057, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.042517, "energy": 31.918379, "activity_lines": [ 25.75034, 25.789698, 26.120305, 26.402104 ] }, { "date": "2026-06-19", "close": 25.9, "volume": 1313836, "typical_volume": 1363301.95, "trend": 26.630389, "fair_value": 26.766575, "relative_strength": -40.378592, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.896501, "energy": 19.015426, "activity_lines": [ 25.855007, 25.791846, 26.066523, 26.351763 ] }, { "date": "2026-06-26", "close": 25.0, "volume": 1183273, "typical_volume": 1365141.75, "trend": 26.584788, "fair_value": 26.741851, "relative_strength": -39.111846, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.44998, "energy": 34.404118, "activity_lines": [ 25.578671, 25.634617, 25.938159, 26.246577 ] }, { "date": "2026-07-03", "close": 25.85, "volume": 985303, "typical_volume": 1362934.1, "trend": 26.551936, "fair_value": 26.711763, "relative_strength": -39.103337, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.3357, "energy": 30.328549, "activity_lines": [ 25.605185, 25.656807, 25.901715, 26.199171 ] }, { "date": "2026-07-10", "close": 25.299999, "volume": 680845, "typical_volume": 1374903.05, "trend": 26.50231, "fair_value": 26.673761, "relative_strength": -37.58717, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.42043, "energy": 31.807271, "activity_lines": [ 25.476666, 25.586716, 25.816915, 26.118401 ] }, { "date": "2026-07-17", "close": 25.35, "volume": 1696728, "typical_volume": 1417740.8, "trend": 26.446558, "fair_value": 26.629496, "relative_strength": -32.580669, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.52122, "energy": 32.407961, "activity_lines": [ 25.426666, 25.539184, 25.74419, 26.044059 ] }, { "date": "2026-07-24", "close": 24.85, "volume": 626564, "typical_volume": 1389058.4, "trend": 26.371023, "fair_value": 26.606408, "relative_strength": -34.475126, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.448761, "energy": 36.3068, "activity_lines": [ 25.216666, 25.415002, 25.6327, 25.941055 ] }, { "date": "2026-07-31", "close": 24.25, "volume": 966017, "typical_volume": 1381550.4, "trend": 26.284838, "fair_value": 26.589471, "relative_strength": -34.330148, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.514672, "energy": 52.757388, "activity_lines": [ 24.876667, 25.178728, 25.474413, 25.804215 ] }, { "date": "2026-08-07", "close": 24.5, "volume": 868436, "typical_volume": 1370875.9, "trend": 26.194519, "fair_value": 26.569748, "relative_strength": -34.367807, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.941134, "energy": 50.909202, "activity_lines": [ 24.67, 25.006869, 25.351802, 25.689064 ] }, { "date": "2026-08-14", "close": 25.200001, "volume": 687909, "typical_volume": 1367764.85, "trend": 26.108833, "fair_value": 26.561095, "relative_strength": -33.910058, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.337207, "energy": 44.405032, "activity_lines": [ 24.786667, 24.994546, 25.308538, 25.624901 ] } ], "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." } } }