{ "ticker": { "uuid": "27ee2f4d-2b47-4648-96f8-e0a6c5077b79", "symbol": "5876", "name": "The Shanghai Commercial & Savings Bank, Ltd.", "exchange": "TAI", "country": "TW", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-14", "benchmark": "^TWII", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 54.838, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 64.845, "architecture_energy": 69.17, "architecture_maturity": 24.499, "architecture_confidence": 62.941, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 9.09, "rotation_up": 72.0, "upward_expansion": 87.51, "deceleration": 50.29, "rotation_down": 11.37, "downward_expansion": 14.17 }, "activity_lines": [ 43.518177, 42.723084, 41.136055, 40.195258 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 42.349998, "trend_reference": 39.16809, "distance_from_trend": 0.081237, "trend_direction": "Improving", "fair_value": 39.324098, "distance_from_fair_value": 0.076948, "fair_value_direction": "Improving", "relative_strength": -23.027821, "relative_strength_direction": "Improving", "price_momentum": 0.113757, "excess_performance": -0.327615, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.081237, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.034348, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.076948, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.101372, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.230278, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.128249, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.113757, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.375218, "read": "Demand-led" } ], "volume": { "latest": 30347653, "relative_activity": 0.542565, "balance": 1.375218, "dry_up": 1.112611, "accumulation_observations": 5, "distribution_observations": 2 }, "risk": { "range_context": 0.043357, "annualized_volatility": 0.163755, "from_high_reference": -0.073304, "from_low_reference": 0.183367 }, "levels": { "trend_reference": 39.16809, "fair_value_reference": 39.324098, "structural_low": 35.787721, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 24, "median_return": 0.007605, "positive_rate": 0.541667, "directional_follow_through": 0.541667, "median_excess_return": -3.2e-05, "regime_survival": 0.666667, "best_return": 0.073423, "worst_return": -0.073022, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.015456, "positive_rate": 0.555556, "directional_follow_through": 0.555556, "median_excess_return": -0.003301, "regime_survival": 0.444444, "best_return": 0.093363, "worst_return": -0.109167, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.007634, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.007894, "regime_survival": 0.2, "best_return": 0.110262, "worst_return": -0.053553, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.076939, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.310482, "regime_survival": 0.0, "best_return": 0.157903, "worst_return": -0.123573, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-01-26", "end": "2024-03-22", "tenure": "Developing", "return": 0.071588, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-29", "end": "2024-05-03", "tenure": "Developing", "return": -0.019812, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-10", "end": "2024-07-05", "tenure": "Developing", "return": -0.015991, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-07-12", "end": "2024-07-19", "tenure": "New", "return": -0.026483, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-07-26", "end": "2024-08-02", "tenure": "New", "return": -0.026379, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-09", "end": "2024-12-13", "tenure": "Established", "return": 0.0225, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-20", "end": "2025-01-10", "tenure": "New", "return": 0.014944, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-01-17", "end": "2025-02-14", "tenure": "New", "return": 0.054087, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-21", "end": "2025-07-25", "tenure": "Established", "return": 0.035678, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-01", "end": "2025-08-22", "tenure": "New", "return": -0.031574, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-08-29", "end": "2025-09-12", "tenure": "New", "return": 0.012195, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-09-19", "end": "2026-04-17", "tenure": "Extended", "return": -0.055687, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-06-12", "tenure": "Developing", "return": 0.067839, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-19", "end": "2026-08-14", "tenure": "Developing", "return": 0.046931, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 38.428413, "volume": 12236550, "typical_volume": 21767356.8, "trend": 39.07784, "fair_value": 36.575603, "relative_strength": -10.639115, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.21438, "energy": 16.703957, "activity_lines": [ 38.618728, 38.584322, 38.717353, 38.864505 ] }, { "date": "2023-08-18", "close": 37.330463, "volume": 22116310, "typical_volume": 22024119.75, "trend": 39.018161, "fair_value": 36.604954, "relative_strength": -11.637649, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.977501, "energy": 41.985956, "activity_lines": [ 38.164907, 38.352834, 38.567251, 38.751771 ] }, { "date": "2023-08-25", "close": 37.242626, "volume": 16448957, "typical_volume": 22688050.2, "trend": 38.934455, "fair_value": 36.631016, "relative_strength": -12.055226, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.11495, "energy": 61.757721, "activity_lines": [ 37.793066, 38.136393, 38.41972, 38.63722 ] }, { "date": "2023-09-01", "close": 38.033157, "volume": 19198000, "typical_volume": 23102962.4, "trend": 38.874285, "fair_value": 36.656692, "relative_strength": -10.760263, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.788213, "energy": 57.925399, "activity_lines": [ 37.772573, 38.087858, 38.356622, 38.579072 ] }, { "date": "2023-09-08", "close": 37.462215, "volume": 15139871, "typical_volume": 23172537.4, "trend": 38.799304, "fair_value": 36.689615, "relative_strength": -11.400001, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.313309, "energy": 63.477129, "activity_lines": [ 37.617395, 37.945317, 38.24895, 38.48797 ] }, { "date": "2023-09-15", "close": 38.34058, "volume": 18401422, "typical_volume": 23326743.3, "trend": 38.750789, "fair_value": 36.726185, "relative_strength": -10.802408, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.510077, "energy": 38.795992, "activity_lines": [ 37.83113, 37.978056, 38.232831, 38.458375 ] }, { "date": "2023-09-22", "close": 37.769642, "volume": 14699762, "typical_volume": 22869775.4, "trend": 38.669176, "fair_value": 36.762566, "relative_strength": -8.700906, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.747017, "energy": 28.306503, "activity_lines": [ 37.860408, 37.902197, 38.166453, 38.395075 ] }, { "date": "2023-09-29", "close": 37.989235, "volume": 9108040, "typical_volume": 22452487.6, "trend": 38.604729, "fair_value": 36.805559, "relative_strength": -7.794657, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.398921, "energy": 21.252561, "activity_lines": [ 37.933605, 37.888622, 38.12682, 38.351208 ] }, { "date": "2023-10-06", "close": 38.120991, "volume": 18664598, "typical_volume": 22212396.25, "trend": 38.585469, "fair_value": 36.84791, "relative_strength": -7.884561, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.140277, "energy": 15.943666, "activity_lines": [ 38.000946, 37.909384, 38.104521, 38.319999 ] }, { "date": "2023-10-13", "close": 38.208824, "volume": 14907560, "typical_volume": 21543813.9, "trend": 38.601491, "fair_value": 36.902474, "relative_strength": -8.627025, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.053701, "energy": 15.081902, "activity_lines": [ 38.09171, 37.95969, 38.099167, 38.2957 ] }, { "date": "2023-10-20", "close": 37.769642, "volume": 19246723, "typical_volume": 17630456.65, "trend": 38.546605, "fair_value": 36.951991, "relative_strength": -7.253899, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.526431, "energy": 16.671439, "activity_lines": [ 37.986306, 37.937331, 38.054117, 38.242032 ] }, { "date": "2023-10-27", "close": 38.604088, "volume": 18248578, "typical_volume": 17662053.3, "trend": 38.512501, "fair_value": 37.006114, "relative_strength": -2.931801, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.349947, "energy": 10.583375, "activity_lines": [ 38.197113, 38.078667, 38.091155, 38.245741 ] }, { "date": "2023-11-03", "close": 39.17503, "volume": 26797860, "typical_volume": 17829072.5, "trend": 38.512901, "fair_value": 37.068855, "relative_strength": -3.273473, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.868259, "energy": 16.960982, "activity_lines": [ 38.542604, 38.300655, 38.184627, 38.288484 ] }, { "date": "2023-11-10", "close": 39.306782, "volume": 18008500, "typical_volume": 17774411.55, "trend": 38.486746, "fair_value": 37.131448, "relative_strength": -3.53841, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.221957, "energy": 30.15739, "activity_lines": [ 38.85296, 38.511462, 38.287776, 38.339702 ] }, { "date": "2023-11-17", "close": 40.229065, "volume": 25689678, "typical_volume": 18184437.15, "trend": 38.523688, "fair_value": 37.205655, "relative_strength": -3.96605, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 48.480352, "energy": 60.024308, "activity_lines": [ 39.391691, 38.866801, 38.475263, 38.45211 ] }, { "date": "2023-11-24", "close": 40.009472, "volume": 34902910, "typical_volume": 18428843.45, "trend": 38.550497, "fair_value": 37.27077, "relative_strength": -4.70139, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.064563, "energy": 62.902035, "activity_lines": [ 39.722541, 39.131907, 38.632741, 38.547967 ] }, { "date": "2023-12-01", "close": 40.404739, "volume": 59021351, "typical_volume": 20480313.0, "trend": 38.597515, "fair_value": 37.331974, "relative_strength": -4.336288, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 72.616761, "energy": 74.673956, "activity_lines": [ 40.035825, 39.438537, 38.818662, 38.667596 ] }, { "date": "2023-12-08", "close": 40.27298, "volume": 21617981, "typical_volume": 20568907.65, "trend": 38.64014, "fair_value": 37.39035, "relative_strength": -4.044728, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.867808, "energy": 72.236928, "activity_lines": [ 40.185146, 39.673299, 38.985342, 38.77569 ] }, { "date": "2023-12-15", "close": 40.009472, "volume": 18442583, "typical_volume": 20898412.6, "trend": 38.643035, "fair_value": 37.44902, "relative_strength": -5.876402, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.348529, "energy": 60.867479, "activity_lines": [ 40.173434, 39.818628, 39.118769, 38.864034 ] }, { "date": "2023-12-22", "close": 39.833797, "volume": 19524672, "typical_volume": 21121095.3, "trend": 38.682275, "fair_value": 37.505077, "relative_strength": -5.508163, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.786201, "energy": 43.022397, "activity_lines": [ 40.056318, 39.89768, 39.230029, 38.940858 ] }, { "date": "2023-12-29", "close": 41.107426, "volume": 22424531, "typical_volume": 21630494.35, "trend": 38.775223, "fair_value": 37.57029, "relative_strength": -4.054437, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.035393, "energy": 48.529978, "activity_lines": [ 40.390096, 40.178757, 39.45673, 39.097319 ] }, { "date": "2024-01-05", "close": 40.712162, "volume": 11707036, "typical_volume": 21110030.65, "trend": 38.831082, "fair_value": 37.631977, "relative_strength": -2.504043, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.679592, "energy": 44.367093, "activity_lines": [ 40.518922, 40.32728, 39.63303, 39.222283 ] }, { "date": "2024-01-12", "close": 39.833797, "volume": 21131357, "typical_volume": 21344150.65, "trend": 38.873135, "fair_value": 37.691009, "relative_strength": -4.27765, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.184807, "energy": 35.91701, "activity_lines": [ 40.334465, 40.277771, 39.709573, 39.286974 ] }, { "date": "2024-01-19", "close": 39.262863, "volume": 22240383, "typical_volume": 21496269.8, "trend": 38.896158, "fair_value": 37.738944, "relative_strength": -6.232234, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 37.287711, "energy": 24.673096, "activity_lines": [ 39.988976, 40.112479, 39.719403, 39.312118 ] }, { "date": "2024-01-26", "close": 39.262863, "volume": 10187673, "typical_volume": 21248659.9, "trend": 38.92762, "fair_value": 37.779939, "relative_strength": -7.505108, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.508925, "energy": 17.158297, "activity_lines": [ 39.693261, 39.947986, 39.723376, 39.335776 ] }, { "date": "2024-02-02", "close": 39.3507, "volume": 14865062, "typical_volume": 21071841.9, "trend": 38.970075, "fair_value": 37.825215, "relative_strength": -7.34852, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.803364, "energy": 20.173754, "activity_lines": [ 39.464886, 39.81703, 39.727141, 39.363072 ] }, { "date": "2024-02-09", "close": 38.823681, "volume": 2850891, "typical_volume": 20479398.35, "trend": 38.964219, "fair_value": 37.880746, "relative_strength": -8.470784, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.921698, "energy": 15.528402, "activity_lines": [ 39.177954, 39.60223, 39.675903, 39.353627 ] }, { "date": "2024-02-16", "close": 38.823681, "volume": 7497486, "typical_volume": 20398870.65, "trend": 38.973002, "fair_value": 37.944208, "relative_strength": -10.63013, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.808581, "energy": 17.317909, "activity_lines": [ 39.016921, 39.416177, 39.619646, 39.34456 ] }, { "date": "2024-02-23", "close": 39.306782, "volume": 11676133, "typical_volume": 20049447.4, "trend": 38.987642, "fair_value": 38.004075, "relative_strength": -10.490234, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.554559, "energy": 14.176575, "activity_lines": [ 39.084263, 39.344311, 39.605425, 39.366094 ] }, { "date": "2024-03-01", "close": 39.131111, "volume": 14029924, "typical_volume": 20005565.6, "trend": 39.005209, "fair_value": 38.060585, "relative_strength": -10.747527, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 3.535463, "energy": 17.08709, "activity_lines": [ 39.090119, 39.253281, 39.568826, 39.37535 ] }, { "date": "2024-03-08", "close": 39.306782, "volume": 15663819, "typical_volume": 19826420.4, "trend": 39.034488, "fair_value": 38.114751, "relative_strength": -13.833683, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.95874, "energy": 9.901832, "activity_lines": [ 39.163316, 39.206968, 39.544567, 39.394806 ] }, { "date": "2024-03-15", "close": 40.756084, "volume": 27970244, "typical_volume": 20312503.7, "trend": 39.148676, "fair_value": 38.180686, "relative_strength": -9.911241, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.221992, "energy": 26.248795, "activity_lines": [ 39.722542, 39.456903, 39.651017, 39.505877 ] }, { "date": "2024-03-22", "close": 42.073627, "volume": 43133140, "typical_volume": 21129267.7, "trend": 39.309709, "fair_value": 38.247135, "relative_strength": -9.207414, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 76.35847, "energy": 62.314794, "activity_lines": [ 40.592121, 39.945592, 39.872699, 39.694584 ] }, { "date": "2024-03-29", "close": 42.117542, "volume": 41062672, "typical_volume": 22281976.3, "trend": 39.445855, "fair_value": 38.31684, "relative_strength": -9.08627, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.791115, "energy": 78.19607, "activity_lines": [ 41.259676, 40.401542, 40.084761, 39.875734 ] }, { "date": "2024-04-05", "close": 40.360817, "volume": 15895040, "typical_volume": 21792244.4, "trend": 39.542475, "fair_value": 38.370326, "relative_strength": -12.703942, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.84715, "energy": 68.666501, "activity_lines": [ 41.154272, 40.486184, 40.116131, 39.934764 ] }, { "date": "2024-04-12", "close": 41.722282, "volume": 23362753, "typical_volume": 21215236.55, "trend": 39.655199, "fair_value": 38.431796, "relative_strength": -11.115914, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.499808, "energy": 74.082264, "activity_lines": [ 41.420709, 40.798403, 40.276537, 40.075397 ] }, { "date": "2024-04-19", "close": 39.526371, "volume": 36049813, "typical_volume": 20066659.65, "trend": 39.713756, "fair_value": 38.480677, "relative_strength": -10.210059, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.083136, "energy": 29.675382, "activity_lines": [ 40.794143, 40.668245, 40.219652, 40.067085 ] }, { "date": "2024-04-26", "close": 39.57029, "volume": 22260796, "typical_volume": 20098800.4, "trend": 39.766458, "fair_value": 38.52389, "relative_strength": -12.350181, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 21.535741, "energy": 14.394375, "activity_lines": [ 40.264197, 40.533296, 40.171133, 40.057829 ] }, { "date": "2024-05-03", "close": 41.283104, "volume": 27874278, "typical_volume": 20570385.15, "trend": 39.871862, "fair_value": 38.575357, "relative_strength": -9.137938, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.787488, "energy": 18.907336, "activity_lines": [ 40.472078, 40.696193, 40.289085, 40.155677 ] }, { "date": "2024-05-10", "close": 41.195263, "volume": 25968877, "typical_volume": 20892595.4, "trend": 39.97141, "fair_value": 38.62403, "relative_strength": -10.583724, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.200508, "energy": 19.549905, "activity_lines": [ 40.706308, 40.807187, 40.392606, 40.241058 ] }, { "date": "2024-05-17", "close": 40.492569, "volume": 43662466, "typical_volume": 21954492.15, "trend": 40.062174, "fair_value": 38.665223, "relative_strength": -13.962331, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.510708, "energy": 16.499188, "activity_lines": [ 40.650677, 40.752887, 40.422721, 40.274681 ] }, { "date": "2024-05-24", "close": 40.756084, "volume": 82295594, "typical_volume": 25483920.05, "trend": 40.133907, "fair_value": 38.715047, "relative_strength": -14.298029, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.038744, "energy": 23.926032, "activity_lines": [ 40.764866, 40.72494, 40.480861, 40.31945 ] }, { "date": "2024-05-31", "close": 40.448654, "volume": 98975221, "typical_volume": 29376113.25, "trend": 40.176361, "fair_value": 38.754472, "relative_strength": -13.082843, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.53353, "energy": 19.411851, "activity_lines": [ 40.694596, 40.641096, 40.509512, 40.339756 ] }, { "date": "2024-06-07", "close": 40.580406, "volume": 49072818, "typical_volume": 30717735.0, "trend": 40.218816, "fair_value": 38.79028, "relative_strength": -15.191285, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.389494, "energy": 12.419622, "activity_lines": [ 40.609687, 40.610752, 40.547784, 40.365823 ] }, { "date": "2024-06-14", "close": 39.833797, "volume": 19207331, "typical_volume": 31168717.9, "trend": 40.20564, "fair_value": 38.821797, "relative_strength": -18.813723, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.848014, "energy": 6.484853, "activity_lines": [ 40.322754, 40.472609, 40.508675, 40.340983 ] }, { "date": "2024-06-21", "close": 40.27298, "volume": 21016874, "typical_volume": 31476308.5, "trend": 40.214424, "fair_value": 38.856626, "relative_strength": -20.202107, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.792958, "energy": 10.195604, "activity_lines": [ 40.27298, 40.423899, 40.508675, 40.345328 ] }, { "date": "2024-06-28", "close": 40.448654, "volume": 19010549, "typical_volume": 32284291.4, "trend": 40.215887, "fair_value": 38.896547, "relative_strength": -18.717829, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.151451, "energy": 9.555541, "activity_lines": [ 40.296403, 40.433482, 40.521014, 40.36044 ] }, { "date": "2024-07-05", "close": 40.536491, "volume": 24793176, "typical_volume": 33149075.9, "trend": 40.224671, "fair_value": 38.932321, "relative_strength": -19.952543, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.166624, "energy": 9.189814, "activity_lines": [ 40.369601, 40.442265, 40.53398, 40.381124 ] }, { "date": "2024-07-12", "close": 39.658127, "volume": 68376418, "typical_volume": 35984090.15, "trend": 40.21296, "fair_value": 38.963952, "relative_strength": -22.451913, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.2538, "energy": 14.811192, "activity_lines": [ 40.144155, 40.273779, 40.455137, 40.344573 ] }, { "date": "2024-07-19", "close": 38.607845, "volume": 84710660, "typical_volume": 39518126.95, "trend": 40.172095, "fair_value": 38.988603, "relative_strength": -20.63605, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.21397, "energy": 37.601703, "activity_lines": [ 39.6301, 39.943878, 40.274593, 40.241017 ] }, { "date": "2024-07-26", "close": 38.150402, "volume": 33890708, "typical_volume": 40429471.4, "trend": 40.073527, "fair_value": 39.007594, "relative_strength": -18.532014, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.897889, "energy": 57.356235, "activity_lines": [ 39.045294, 39.577849, 40.052976, 40.110585 ] }, { "date": "2024-08-02", "close": 37.144039, "volume": 53714359, "typical_volume": 41716677.15, "trend": 39.95459, "fair_value": 39.022118, "relative_strength": -18.491452, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -81.403081, "energy": 81.633976, "activity_lines": [ 38.266539, 39.07143, 39.74102, 39.921586 ] }, { "date": "2024-08-09", "close": 36.595112, "volume": 55882020, "typical_volume": 42354121.15, "trend": 39.846633, "fair_value": 39.041566, "relative_strength": -18.610017, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.442446, "energy": 85.180238, "activity_lines": [ 37.525116, 38.53088, 39.393987, 39.704845 ] }, { "date": "2024-08-16", "close": 38.241894, "volume": 26499492, "typical_volume": 41625962.15, "trend": 39.812601, "fair_value": 39.071056, "relative_strength": -17.869475, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.930142, "energy": 75.853505, "activity_lines": [ 37.595379, 38.359808, 39.229877, 39.601314 ] }, { "date": "2024-08-23", "close": 37.327015, "volume": 20601672, "typical_volume": 41861293.75, "trend": 39.748073, "fair_value": 39.097, "relative_strength": -18.710793, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.864924, "energy": 73.086864, "activity_lines": [ 37.455098, 38.064914, 38.997092, 39.440953 ] }, { "date": "2024-08-30", "close": 36.823833, "volume": 30772618, "typical_volume": 42231787.0, "trend": 39.663844, "fair_value": 39.125644, "relative_strength": -19.732643, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.628833, "energy": 57.641927, "activity_lines": [ 37.232478, 37.72411, 38.730832, 39.252293 ] }, { "date": "2024-09-06", "close": 35.863209, "volume": 34436210, "typical_volume": 42151106.85, "trend": 39.565162, "fair_value": 39.129322, "relative_strength": -18.341643, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.790754, "energy": 56.164864, "activity_lines": [ 36.778088, 37.271359, 38.396409, 39.00709 ] }, { "date": "2024-09-13", "close": 34.948334, "volume": 37004700, "typical_volume": 42888302.05, "trend": 39.435983, "fair_value": 39.123013, "relative_strength": -21.122872, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.494734, "energy": 72.645046, "activity_lines": [ 36.104129, 36.735638, 37.992299, 38.709231 ] }, { "date": "2024-09-20", "close": 35.314281, "volume": 28017871, "typical_volume": 42895481.7, "trend": 39.3029, "fair_value": 39.113639, "relative_strength": -21.201087, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.861854, "energy": 72.846803, "activity_lines": [ 35.661937, 36.368056, 37.64505, 38.443314 ] }, { "date": "2024-09-27", "close": 35.863209, "volume": 41822330, "typical_volume": 43688154.35, "trend": 39.19397, "fair_value": 39.109845, "relative_strength": -21.742927, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.885486, "energy": 64.652419, "activity_lines": [ 35.597895, 36.179259, 37.378504, 38.221399 ] }, { "date": "2024-10-04", "close": 35.680233, "volume": 40310305, "typical_volume": 43520546.3, "trend": 39.073085, "fair_value": 39.108743, "relative_strength": -19.782955, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.368175, "energy": 52.980705, "activity_lines": [ 35.570448, 36.007095, 37.119921, 37.994706 ] }, { "date": "2024-10-11", "close": 35.451515, "volume": 44663641, "typical_volume": 41638948.65, "trend": 38.896266, "fair_value": 39.112874, "relative_strength": -21.832319, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.882788, "energy": 48.59598, "activity_lines": [ 35.543002, 35.838258, 36.862472, 37.761056 ] }, { "date": "2024-10-18", "close": 36.274906, "volume": 37406104, "typical_volume": 38560492.8, "trend": 38.702975, "fair_value": 39.121252, "relative_strength": -21.436725, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.057666, "energy": 39.823222, "activity_lines": [ 35.817466, 35.849902, 36.708701, 37.591936 ] }, { "date": "2024-10-25", "close": 36.09193, "volume": 37036532, "typical_volume": 37958678.5, "trend": 38.502122, "fair_value": 39.123562, "relative_strength": -20.711436, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.634845, "energy": 32.199603, "activity_lines": [ 35.9425, 35.8341, 36.557379, 37.423482 ] }, { "date": "2024-11-01", "close": 36.229164, "volume": 33693035, "typical_volume": 38682963.7, "trend": 38.3644, "fair_value": 39.127009, "relative_strength": -17.7894, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.061289, "energy": 27.739248, "activity_lines": [ 36.061435, 35.88234, 36.4405, 37.276839 ] }, { "date": "2024-11-08", "close": 35.588745, "volume": 37880471, "typical_volume": 39526143.55, "trend": 38.159949, "fair_value": 39.128413, "relative_strength": -21.233946, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.685807, "energy": 29.313346, "activity_lines": [ 35.9425, 35.8341, 36.279794, 37.097765 ] }, { "date": "2024-11-15", "close": 36.229164, "volume": 52745219, "typical_volume": 41212877.05, "trend": 38.050042, "fair_value": 39.130829, "relative_strength": -16.332187, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.644181, "energy": 25.983212, "activity_lines": [ 36.043137, 35.924757, 36.202386, 36.973198 ] }, { "date": "2024-11-22", "close": 34.628124, "volume": 90101814, "typical_volume": 44478308.95, "trend": 37.885303, "fair_value": 39.119891, "relative_strength": -19.944787, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.342881, "energy": 41.051572, "activity_lines": [ 35.558251, 35.717662, 35.992591, 36.752429 ] }, { "date": "2024-11-29", "close": 35.908955, "volume": 109420493, "typical_volume": 46530512.7, "trend": 37.706164, "fair_value": 39.109177, "relative_strength": -13.97363, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.9956, "energy": 32.841036, "activity_lines": [ 35.610094, 35.749267, 35.932915, 36.624923 ] }, { "date": "2024-12-06", "close": 36.503628, "volume": 48316677, "typical_volume": 44710813.55, "trend": 37.549777, "fair_value": 39.107427, "relative_strength": -15.414077, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.111174, "energy": 25.90741, "activity_lines": [ 35.87236, 35.878182, 35.947728, 36.54734 ] }, { "date": "2024-12-13", "close": 37.418503, "volume": 56281377, "typical_volume": 45830347.0, "trend": 37.447308, "fair_value": 39.105358, "relative_strength": -12.063196, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -4.161855, "energy": 4.993321, "activity_lines": [ 36.421287, 36.161794, 36.059692, 36.538871 ] }, { "date": "2024-12-20", "close": 36.732346, "volume": 128101954, "typical_volume": 49549726.75, "trend": 37.313183, "fair_value": 39.098376, "relative_strength": -11.13482, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.565832, "energy": 14.631594, "activity_lines": [ 36.619511, 36.289045, 36.109792, 36.492744 ] }, { "date": "2024-12-27", "close": 37.189785, "volume": 172598870, "typical_volume": 55385569.25, "trend": 37.204554, "fair_value": 39.09278, "relative_strength": -12.349161, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.983766, "energy": 16.186826, "activity_lines": [ 36.936669, 36.47618, 36.205419, 36.484783 ] }, { "date": "2025-01-03", "close": 36.6866, "volume": 29884447, "typical_volume": 55554817.0, "trend": 37.074761, "fair_value": 39.0837, "relative_strength": -11.473796, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.383016, "energy": 15.75142, "activity_lines": [ 36.915321, 36.555192, 36.250291, 36.451367 ] }, { "date": "2025-01-10", "close": 37.281273, "volume": 34933069, "typical_volume": 56271386.85, "trend": 36.989677, "fair_value": 39.079206, "relative_strength": -9.816242, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.256394, "energy": 24.261822, "activity_lines": [ 37.040354, 36.731514, 36.359206, 36.46469 ] }, { "date": "2025-01-17", "close": 38.058914, "volume": 52415791, "typical_volume": 57353545.5, "trend": 36.915874, "fair_value": 39.074801, "relative_strength": -7.908655, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 39.197804, "energy": 37.246872, "activity_lines": [ 37.372759, 37.030096, 36.542399, 36.533673 ] }, { "date": "2025-01-24", "close": 38.699333, "volume": 15067835, "typical_volume": 56385126.75, "trend": 36.857564, "fair_value": 39.072441, "relative_strength": -7.325033, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 44.01947, "energy": 47.198378, "activity_lines": [ 37.875942, 37.400206, 36.780703, 36.648735 ] }, { "date": "2025-02-07", "close": 39.385487, "volume": 47155086, "typical_volume": 56892646.05, "trend": 36.819197, "fair_value": 39.079889, "relative_strength": -4.97634, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.738425, "energy": 59.982038, "activity_lines": [ 38.47671, 37.850159, 37.070849, 36.811827 ] }, { "date": "2025-02-14", "close": 40.11739, "volume": 21206194, "typical_volume": 56552062.2, "trend": 36.834506, "fair_value": 39.098728, "relative_strength": -1.40586, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 77.493484, "energy": 77.721937, "activity_lines": [ 39.175067, 38.346687, 37.409572, 37.024613 ] }, { "date": "2025-02-21", "close": 40.666321, "volume": 19970788, "typical_volume": 55459485.1, "trend": 36.903121, "fair_value": 39.105369, "relative_strength": -2.0902, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.543349, "energy": 83.527507, "activity_lines": [ 39.82768, 38.866504, 37.777701, 37.271827 ] }, { "date": "2025-02-28", "close": 40.254623, "volume": 19409856, "typical_volume": 54414462.65, "trend": 36.973262, "fair_value": 39.11607, "relative_strength": 0.133362, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.853174, "energy": 81.836962, "activity_lines": [ 40.117392, 39.235782, 38.08375, 37.488053 ] }, { "date": "2025-03-07", "close": 40.11739, "volume": 27830241, "typical_volume": 53572792.65, "trend": 37.072374, "fair_value": 39.137228, "relative_strength": 2.227322, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.233182, "energy": 80.445504, "activity_lines": [ 40.214978, 39.528543, 38.354945, 37.6909 ] }, { "date": "2025-03-14", "close": 40.666321, "volume": 34512046, "typical_volume": 53428089.75, "trend": 37.208081, "fair_value": 39.156236, "relative_strength": 6.654105, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.169832, "energy": 75.873912, "activity_lines": [ 40.401004, 39.859563, 38.656202, 37.922768 ] }, { "date": "2025-03-21", "close": 41.12376, "volume": 32592282, "typical_volume": 53205877.25, "trend": 37.304143, "fair_value": 39.184361, "relative_strength": 6.942721, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.100835, "energy": 67.144127, "activity_lines": [ 40.654121, 40.210544, 38.980112, 38.175392 ] }, { "date": "2025-03-28", "close": 41.489708, "volume": 38072684, "typical_volume": 53424859.7, "trend": 37.442899, "fair_value": 39.198856, "relative_strength": 11.118727, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.970338, "energy": 68.110576, "activity_lines": [ 40.96213, 40.547385, 39.314914, 38.445429 ] }, { "date": "2025-04-04", "close": 41.901405, "volume": 28633001, "typical_volume": 52962486.2, "trend": 37.612152, "fair_value": 39.212127, "relative_strength": 13.963554, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.953189, "energy": 77.745176, "activity_lines": [ 41.352478, 40.882563, 39.663874, 38.733074 ] }, { "date": "2025-04-11", "close": 43.731159, "volume": 91907544, "typical_volume": 54920602.45, "trend": 37.874417, "fair_value": 39.235065, "relative_strength": 29.349863, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.0086, "energy": 72.937132, "activity_lines": [ 42.242959, 41.48056, 40.157037, 39.127849 ] }, { "date": "2025-04-18", "close": 42.907768, "volume": 41276861, "typical_volume": 52479354.8, "trend": 38.139731, "fair_value": 39.251952, "relative_strength": 27.505863, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.610859, "energy": 68.42645, "activity_lines": [ 42.618058, 41.837362, 40.536058, 39.452581 ] }, { "date": "2025-04-25", "close": 42.541821, "volume": 29949994, "typical_volume": 48505829.85, "trend": 38.380649, "fair_value": 39.269327, "relative_strength": 23.220402, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.702149, "energy": 60.305664, "activity_lines": [ 42.721745, 42.063587, 40.840799, 39.736587 ] }, { "date": "2025-05-02", "close": 42.81628, "volume": 17019324, "typical_volume": 46940962.2, "trend": 38.612418, "fair_value": 39.287689, "relative_strength": 18.435201, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.808996, "energy": 57.817744, "activity_lines": [ 42.822381, 42.295633, 41.140095, 40.022757 ] }, { "date": "2025-05-09", "close": 42.99926, "volume": 30787433, "typical_volume": 45666265.0, "trend": 38.856386, "fair_value": 39.310831, "relative_strength": 18.183804, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.684896, "energy": 53.598866, "activity_lines": [ 42.895572, 42.521858, 41.426757, 40.305779 ] }, { "date": "2025-05-16", "close": 42.496078, "volume": 26443320, "typical_volume": 40583333.3, "trend": 39.091205, "fair_value": 39.334097, "relative_strength": 11.889374, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.444258, "energy": 46.035995, "activity_lines": [ 42.727845, 42.606693, 41.638922, 40.540597 ] }, { "date": "2025-05-23", "close": 42.724792, "volume": 36987927, "typical_volume": 33802786.15, "trend": 39.306201, "fair_value": 39.366816, "relative_strength": 13.400357, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.998423, "energy": 42.261422, "activity_lines": [ 42.718696, 42.689863, 41.845422, 40.775022 ] }, { "date": "2025-05-30", "close": 42.587563, "volume": 87258889, "typical_volume": 36671508.25, "trend": 39.522722, "fair_value": 39.391441, "relative_strength": 14.517793, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.425665, "energy": 34.100453, "activity_lines": [ 42.676001, 42.710656, 42.012497, 40.986723 ] }, { "date": "2025-06-06", "close": 42.953514, "volume": 63861284, "typical_volume": 38117919.0, "trend": 39.746867, "fair_value": 39.404499, "relative_strength": 13.739566, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.778749, "energy": 32.299977, "activity_lines": [ 42.752241, 42.77137, 42.186323, 41.208065 ] }, { "date": "2025-06-13", "close": 42.67905, "volume": 25255881, "typical_volume": 36759923.5, "trend": 39.983211, "fair_value": 39.410644, "relative_strength": 10.807738, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.924335, "energy": 29.602023, "activity_lines": [ 42.727844, 42.755568, 42.307, 41.397238 ] }, { "date": "2025-06-20", "close": 43.182236, "volume": 52076050, "typical_volume": 38610334.25, "trend": 40.21498, "fair_value": 39.418985, "relative_strength": 12.01953, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.593087, "energy": 33.736458, "activity_lines": [ 42.892523, 42.817114, 42.453599, 41.603626 ] }, { "date": "2025-06-27", "close": 42.953514, "volume": 63114980, "typical_volume": 39408328.95, "trend": 40.492493, "fair_value": 39.425344, "relative_strength": 8.585944, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.213817, "energy": 31.785012, "activity_lines": [ 42.935217, 42.847056, 42.557067, 41.780306 ] }, { "date": "2025-07-04", "close": 44.020802, "volume": 42231465, "typical_volume": 40459592.5, "trend": 40.762887, "fair_value": 39.429785, "relative_strength": 11.205345, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.340365, "energy": 37.311531, "activity_lines": [ 43.318426, 43.070218, 42.745191, 42.007939 ] }, { "date": "2025-07-11", "close": 43.687672, "volume": 19065467, "typical_volume": 40414326.45, "trend": 41.002356, "fair_value": 39.441881, "relative_strength": 9.138064, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.025876, "energy": 47.171448, "activity_lines": [ 43.495042, 43.20592, 42.883001, 42.196635 ] }, { "date": "2025-07-18", "close": 42.73587, "volume": 18794401, "typical_volume": 40383553.7, "trend": 41.179601, "fair_value": 39.449842, "relative_strength": 3.682285, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.311571, "energy": 34.831479, "activity_lines": [ 43.305447, 43.152724, 42.915776, 42.308474 ] }, { "date": "2025-07-25", "close": 42.117203, "volume": 14085641, "typical_volume": 39696323.7, "trend": 41.359096, "fair_value": 39.46639, "relative_strength": 2.135825, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 33.407702, "energy": 21.211595, "activity_lines": [ 42.905842, 42.991832, 42.877814, 42.368965 ] }, { "date": "2025-08-01", "close": 41.721251, "volume": 13189196, "typical_volume": 38630181.2, "trend": 41.510145, "fair_value": 39.472655, "relative_strength": 0.812356, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.424405, "energy": 8.816681, "activity_lines": [ 42.445255, 42.765838, 42.79262, 42.39233 ] }, { "date": "2025-08-08", "close": 41.97443, "volume": 11334174, "typical_volume": 37567275.8, "trend": 41.686406, "fair_value": 39.474133, "relative_strength": -1.086994, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.090782, "energy": 15.876153, "activity_lines": [ 42.151212, 42.604122, 42.726515, 42.422283 ] }, { "date": "2025-08-15", "close": 42.022022, "volume": 12369125, "typical_volume": 36282097.85, "trend": 41.844431, "fair_value": 39.470575, "relative_strength": -2.273161, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.815029, "energy": 17.485264, "activity_lines": [ 42.009457, 42.462207, 42.660892, 42.443936 ] }, { "date": "2025-08-22", "close": 40.403957, "volume": 20960826, "typical_volume": 35898489.1, "trend": 41.922599, "fair_value": 39.4481, "relative_strength": -3.770921, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -34.98726, "energy": 41.58921, "activity_lines": [ 41.439391, 42.043034, 42.438632, 42.351002 ] }, { "date": "2025-08-29", "close": 39.023846, "volume": 21249953, "typical_volume": 32365609.55, "trend": 41.933416, "fair_value": 39.425857, "relative_strength": -8.781549, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -55.349713, "energy": 65.091126, "activity_lines": [ 40.564749, 41.414298, 42.092064, 42.163986 ] }, { "date": "2025-09-05", "close": 39.309387, "volume": 14152188, "typical_volume": 31009375.9, "trend": 41.93088, "fair_value": 39.408649, "relative_strength": -9.046591, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.97322, "energy": 69.710049, "activity_lines": [ 39.991511, 40.913085, 41.795106, 41.994694 ] }, { "date": "2025-09-12", "close": 39.499744, "volume": 27768996, "typical_volume": 30900326.0, "trend": 41.910292, "fair_value": 39.402009, "relative_strength": -12.004719, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -68.458049, "energy": 79.783719, "activity_lines": [ 39.642516, 40.51274, 41.533412, 41.837846 ] }, { "date": "2025-09-19", "close": 40.166008, "volume": 27915489, "typical_volume": 31445134.25, "trend": 41.893614, "fair_value": 39.396435, "relative_strength": -10.848495, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.847177, "energy": 75.238859, "activity_lines": [ 39.680588, 40.315734, 41.349658, 41.725312 ] }, { "date": "2025-09-26", "close": 39.690105, "volume": 28254149, "typical_volume": 31318470.05, "trend": 41.874797, "fair_value": 39.39048, "relative_strength": -11.871049, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.12993, "energy": 64.259739, "activity_lines": [ 39.683761, 40.096231, 41.1332, 41.58315 ] }, { "date": "2025-10-03", "close": 39.404568, "volume": 12388659, "typical_volume": 30615737.0, "trend": 41.851036, "fair_value": 39.377622, "relative_strength": -16.275014, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.896093, "energy": 51.919809, "activity_lines": [ 39.639344, 39.88019, 40.905307, 41.42378 ] }, { "date": "2025-10-10", "close": 39.642513, "volume": 8801884, "typical_volume": 29206434.85, "trend": 41.81691, "fair_value": 39.368959, "relative_strength": -17.304414, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.866656, "energy": 45.540568, "activity_lines": [ 39.648861, 39.756732, 40.714796, 41.281295 ] }, { "date": "2025-10-17", "close": 38.976257, "volume": 23501800, "typical_volume": 26018580.4, "trend": 41.745326, "fair_value": 39.357895, "relative_strength": -18.588217, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.976298, "energy": 52.131256, "activity_lines": [ 39.414084, 39.549932, 40.47551, 41.098027 ] }, { "date": "2025-10-24", "close": 39.356976, "volume": 17144599, "typical_volume": 23682746.15, "trend": 41.674235, "fair_value": 39.352742, "relative_strength": -18.376496, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.474732, "energy": 48.937121, "activity_lines": [ 39.341113, 39.466866, 40.289679, 40.94394 ] }, { "date": "2025-10-31", "close": 37.691326, "volume": 30244023, "typical_volume": 23932153.25, "trend": 41.533899, "fair_value": 39.345993, "relative_strength": -23.595165, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.831802, "energy": 69.834394, "activity_lines": [ 38.76686, 39.129409, 39.962341, 40.686978 ] }, { "date": "2025-11-07", "close": 37.548553, "volume": 24264548, "typical_volume": 22541578.15, "trend": 41.327812, "fair_value": 39.343402, "relative_strength": -22.083339, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.670871, "energy": 83.584697, "activity_lines": [ 38.278268, 38.815315, 39.645157, 40.429859 ] }, { "date": "2025-11-14", "close": 37.405785, "volume": 30323291, "typical_volume": 20901993.7, "trend": 41.144413, "fair_value": 39.339172, "relative_strength": -21.534129, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.91109, "energy": 86.860968, "activity_lines": [ 37.865822, 38.502086, 39.341204, 40.176825 ] }, { "date": "2025-11-21", "close": 38.072044, "volume": 38036748, "typical_volume": 20692257.85, "trend": 40.99542, "fair_value": 39.334342, "relative_strength": -17.088497, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.877722, "energy": 85.105714, "activity_lines": [ 37.824576, 38.344606, 39.127121, 39.978608 ] }, { "date": "2025-11-28", "close": 37.215424, "volume": 54625831, "typical_volume": 22470276.05, "trend": 40.808725, "fair_value": 39.330244, "relative_strength": -22.307829, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.384017, "energy": 86.356956, "activity_lines": [ 37.558072, 38.057335, 38.859783, 39.734737 ] }, { "date": "2025-12-05", "close": 37.500961, "volume": 24694547, "typical_volume": 22765283.35, "trend": 40.625448, "fair_value": 39.319049, "relative_strength": -22.468808, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.971992, "energy": 73.33297, "activity_lines": [ 37.529517, 37.875627, 38.650459, 39.521333 ] }, { "date": "2025-12-12", "close": 38.119637, "volume": 31854101, "typical_volume": 23653706.35, "trend": 40.479567, "fair_value": 39.302622, "relative_strength": -21.602933, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.317977, "energy": 54.275507, "activity_lines": [ 37.719878, 37.846208, 38.524984, 39.359667 ] }, { "date": "2025-12-19", "close": 39.166615, "volume": 127499866, "typical_volume": 29369239.85, "trend": 40.360961, "fair_value": 39.29507, "relative_strength": -17.796976, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.443068, "energy": 37.183669, "activity_lines": [ 38.22116, 38.030511, 38.518258, 39.274961 ] }, { "date": "2025-12-26", "close": 38.643124, "volume": 23712507, "typical_volume": 29988156.5, "trend": 40.22948, "fair_value": 39.286327, "relative_strength": -21.091579, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.467798, "energy": 23.16643, "activity_lines": [ 38.430556, 38.128287, 38.47384, 39.164133 ] }, { "date": "2026-01-02", "close": 38.833485, "volume": 16386890, "typical_volume": 30189044.75, "trend": 40.092146, "fair_value": 39.295847, "relative_strength": -22.609158, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.845215, "energy": 25.925449, "activity_lines": [ 38.665333, 38.266731, 38.463416, 39.074069 ] }, { "date": "2026-01-09", "close": 38.643124, "volume": 38105247, "typical_volume": 31046265.8, "trend": 39.957615, "fair_value": 39.305229, "relative_strength": -25.10203, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.332349, "energy": 23.669779, "activity_lines": [ 38.728787, 38.380081, 38.450045, 38.980583 ] }, { "date": "2026-01-16", "close": 37.691326, "volume": 40987063, "typical_volume": 32033121.3, "trend": 39.774584, "fair_value": 39.302017, "relative_strength": -29.215508, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.589776, "energy": 22.760934, "activity_lines": [ 38.39883, 38.303073, 38.354412, 38.834371 ] }, { "date": "2026-01-23", "close": 37.643734, "volume": 35652666, "typical_volume": 33108145.2, "trend": 39.597592, "fair_value": 39.292549, "relative_strength": -30.158162, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.801602, "energy": 33.62029, "activity_lines": [ 38.081563, 38.214815, 38.260592, 38.696897 ] }, { "date": "2026-01-30", "close": 37.596142, "volume": 34153199, "typical_volume": 33427355.35, "trend": 39.383436, "fair_value": 39.278718, "relative_strength": -30.092233, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.872331, "energy": 42.364172, "activity_lines": [ 37.849957, 38.113577, 38.17017, 38.567771 ] }, { "date": "2026-02-06", "close": 38.024456, "volume": 20689951, "typical_volume": 33066078.45, "trend": 39.194662, "fair_value": 39.267091, "relative_strength": -28.275398, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.495448, "energy": 43.677317, "activity_lines": [ 37.830922, 38.098868, 38.129606, 38.480095 ] }, { "date": "2026-02-13", "close": 38.214817, "volume": 26206224, "typical_volume": 32963682.2, "trend": 39.043961, "fair_value": 39.257496, "relative_strength": -31.354824, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.729127, "energy": 32.447088, "activity_lines": [ 37.929275, 38.10406, 38.117369, 38.416879 ] }, { "date": "2026-02-27", "close": 38.214817, "volume": 48511016, "typical_volume": 34769800.05, "trend": 38.913881, "fair_value": 39.24736, "relative_strength": -34.377389, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.739345, "energy": 24.290626, "activity_lines": [ 38.056183, 38.096273, 38.112157, 38.363386 ] }, { "date": "2026-03-06", "close": 36.739521, "volume": 51094128, "typical_volume": 36884412.25, "trend": 38.747823, "fair_value": 39.225062, "relative_strength": -32.99137, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.752051, "energy": 38.53414, "activity_lines": [ 37.656425, 37.81852, 37.972106, 38.223105 ] }, { "date": "2026-03-13", "close": 37.596142, "volume": 41381254, "typical_volume": 37778384.95, "trend": 38.601881, "fair_value": 39.210148, "relative_strength": -30.486389, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.119128, "energy": 30.345294, "activity_lines": [ 37.602489, 37.740645, 37.927461, 38.148803 ] }, { "date": "2026-03-20", "close": 37.167831, "volume": 26300659, "typical_volume": 38236187.95, "trend": 38.440074, "fair_value": 39.200334, "relative_strength": -30.96315, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.069086, "energy": 44.20286, "activity_lines": [ 37.405782, 37.603931, 37.848598, 38.056283 ] }, { "date": "2026-03-27", "close": 37.596142, "volume": 25412759, "typical_volume": 37994624.75, "trend": 38.34648, "fair_value": 39.199488, "relative_strength": -28.645657, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.363082, "energy": 47.586482, "activity_lines": [ 37.408955, 37.575377, 37.82095, 38.001836 ] }, { "date": "2026-04-03", "close": 37.643734, "volume": 26780368, "typical_volume": 38120415.75, "trend": 38.300477, "fair_value": 39.188126, "relative_strength": -26.692897, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.563161, "energy": 28.670967, "activity_lines": [ 37.469236, 37.574511, 37.798288, 37.956498 ] }, { "date": "2026-04-10", "close": 37.834095, "volume": 22169949, "typical_volume": 37712748.65, "trend": 38.2513, "fair_value": 39.176632, "relative_strength": -31.489897, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.172958, "energy": 19.608291, "activity_lines": [ 37.631043, 37.609123, 37.793302, 37.926408 ] }, { "date": "2026-04-17", "close": 37.929276, "volume": 30230396, "typical_volume": 37322431.05, "trend": 38.198951, "fair_value": 39.168723, "relative_strength": -32.904707, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.739436, "energy": 14.30618, "activity_lines": [ 37.751605, 37.657578, 37.795342, 37.905633 ] }, { "date": "2026-04-24", "close": 37.881687, "volume": 48511190, "typical_volume": 37016699.0, "trend": 38.122807, "fair_value": 39.154558, "relative_strength": -35.653319, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.940697, "energy": 14.64031, "activity_lines": [ 37.834096, 37.691324, 37.79353, 37.885164 ] }, { "date": "2026-05-01", "close": 37.167831, "volume": 37005690, "typical_volume": 37632256.15, "trend": 38.038731, "fair_value": 39.142039, "relative_strength": -35.889638, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.882991, "energy": 16.664836, "activity_lines": [ 37.631044, 37.597874, 37.720558, 37.823553 ] }, { "date": "2026-05-08", "close": 37.025063, "volume": 34947114, "typical_volume": 37786906.8, "trend": 37.959415, "fair_value": 39.128064, "relative_strength": -39.329316, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.153033, "energy": 29.399052, "activity_lines": [ 37.408956, 37.497503, 37.635576, 37.758155 ] }, { "date": "2026-05-15", "close": 38.167225, "volume": 66235024, "typical_volume": 34723664.7, "trend": 37.910238, "fair_value": 39.122762, "relative_strength": -35.852748, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.026152, "energy": 15.327863, "activity_lines": [ 37.608835, 37.626429, 37.664583, 37.771562 ] }, { "date": "2026-05-22", "close": 38.119637, "volume": 52380120, "typical_volume": 36157045.35, "trend": 37.881684, "fair_value": 39.117156, "relative_strength": -36.714506, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.562678, "energy": 5.890236, "activity_lines": [ 37.770642, 37.720744, 37.693817, 37.785071 ] }, { "date": "2026-05-29", "close": 37.834095, "volume": 82678309, "typical_volume": 39471616.3, "trend": 37.830922, "fair_value": 39.103768, "relative_strength": -39.732789, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.646593, "energy": 8.197862, "activity_lines": [ 37.824577, 37.753624, 37.69835, 37.782001 ] }, { "date": "2026-06-05", "close": 38.785896, "volume": 73516751, "typical_volume": 41242191.5, "trend": 37.867407, "fair_value": 39.104597, "relative_strength": -37.711669, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.664507, "energy": 21.276611, "activity_lines": [ 38.198952, 37.947446, 37.798289, 37.843612 ] }, { "date": "2026-06-12", "close": 40.45155, "volume": 76224831, "typical_volume": 43004079.9, "trend": 37.964174, "fair_value": 39.118267, "relative_strength": -32.710632, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 80.718192, "energy": 69.837349, "activity_lines": [ 39.020675, 38.422481, 38.056182, 38.010331 ] }, { "date": "2026-06-19", "close": 40.45155, "volume": 52497903, "typical_volume": 43846341.75, "trend": 38.065699, "fair_value": 39.127339, "relative_strength": -35.060518, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.60162, "energy": 77.249234, "activity_lines": [ 39.613964, 38.846466, 38.300931, 38.170807 ] }, { "date": "2026-06-26", "close": 40.356369, "volume": 88073306, "typical_volume": 46542347.1, "trend": 38.141844, "fair_value": 39.138776, "relative_strength": -31.424972, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.865356, "energy": 79.198189, "activity_lines": [ 40.023239, 39.205555, 38.523244, 38.318592 ] }, { "date": "2026-07-03", "close": 39.975651, "volume": 48235359, "typical_volume": 47919617.5, "trend": 38.233851, "fair_value": 39.147772, "relative_strength": -34.276325, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.770427, "energy": 75.418216, "activity_lines": [ 40.156492, 39.451293, 38.696155, 38.436902 ] }, { "date": "2026-07-10", "close": 40.737087, "volume": 36165849, "typical_volume": 48417598.75, "trend": 38.341722, "fair_value": 39.163273, "relative_strength": -29.824481, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.198462, "energy": 72.135558, "activity_lines": [ 40.400786, 39.797402, 38.932293, 38.598402 ] }, { "date": "2026-07-17", "close": 43.021412, "volume": 94092412, "typical_volume": 50696668.55, "trend": 38.505114, "fair_value": 39.194967, "relative_strength": -20.134599, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.619562, "energy": 79.946791, "activity_lines": [ 41.276443, 40.493947, 39.373974, 38.900317 ] }, { "date": "2026-07-24", "close": 43.925621, "volume": 92724122, "typical_volume": 52778168.25, "trend": 38.663748, "fair_value": 39.226546, "relative_strength": -19.283202, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.049103, "energy": 85.388999, "activity_lines": [ 42.282179, 41.24587, 39.878881, 39.250027 ] }, { "date": "2026-07-31", "close": 45.450001, "volume": 90636687, "typical_volume": 55240939.9, "trend": 38.890644, "fair_value": 39.270712, "relative_strength": -14.457766, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.511455, "energy": 94.147819, "activity_lines": [ 43.564437, 42.170254, 40.494749, 39.68785 ] }, { "date": "2026-08-07", "close": 43.450001, "volume": 35221434, "typical_volume": 55686978.65, "trend": 39.044528, "fair_value": 39.300086, "relative_strength": -19.261997, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.057776, "energy": 84.714008, "activity_lines": [ 43.840452, 42.597723, 40.88274, 39.982002 ] }, { "date": "2026-08-14", "close": 42.349998, "volume": 30347653, "typical_volume": 55933723.35, "trend": 39.16809, "fair_value": 39.324098, "relative_strength": -23.027821, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.844635, "energy": 69.169967, "activity_lines": [ 43.518177, 42.723084, 41.136055, 40.195258 ] } ], "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." } } }