{ "ticker": { "uuid": "289c928a-f260-4b49-95af-ad90b820b452", "symbol": "688050", "name": "Eyebright Medical Technology (Beijing) Co., Ltd.", "exchange": "SHH", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "000001.SS", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -44.786, "architecture_energy": 38.535, "architecture_maturity": 100.0, "architecture_confidence": 86.564, "architecture_tenure": "Extended", "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": 32.71, "rotation_up": 27.62, "upward_expansion": 18.64, "deceleration": 46.99, "rotation_down": 33.24, "downward_expansion": 63.97 }, "activity_lines": [ 40.854, 40.320236, 42.251196, 45.190525 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 41.060001, "trend_reference": 49.771943, "distance_from_trend": -0.175037, "trend_direction": "Weakening", "fair_value": 96.651583, "distance_from_fair_value": -0.575175, "fair_value_direction": "Weakening", "relative_strength": -29.05074, "relative_strength_direction": "Improving", "price_momentum": -0.318506, "excess_performance": -0.275302, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.175037, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.129265, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.575175, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.031761, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.290507, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.015132, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.318506, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.360575, "read": "Supply-led" } ], "volume": { "latest": 12979955, "relative_activity": 1.257663, "balance": 0.360575, "dry_up": 1.695402, "accumulation_observations": 2, "distribution_observations": 6 }, "risk": { "range_context": 0.079492, "annualized_volatility": 0.331178, "from_high_reference": -0.510199, "from_low_reference": 0.133315 }, "levels": { "trend_reference": 49.771943, "fair_value_reference": 96.651583, "structural_low": 36.23, "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": 33, "median_return": -0.009165, "positive_rate": 0.454545, "directional_follow_through": 0.545455, "median_excess_return": -0.017371, "regime_survival": 0.878788, "best_return": 0.243311, "worst_return": -0.520035, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.080304, "positive_rate": 0.2, "directional_follow_through": 0.8, "median_excess_return": -0.087164, "regime_survival": 0.8, "best_return": 0.337935, "worst_return": -0.465769, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.189504, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.164615, "regime_survival": 0.666667, "best_return": 0.322346, "worst_return": -0.51722, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.215037, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.358143, "regime_survival": 0.75, "best_return": 0.412836, "worst_return": -0.606693, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-01-13", "end": "2023-02-24", "tenure": "Developing", "return": -0.075187, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-03-03", "end": "2023-03-17", "tenure": "New", "return": -0.058087, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-03-24", "end": "2023-04-28", "tenure": "Developing", "return": 0.110653, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-05-05", "end": "2023-07-07", "tenure": "Developing", "return": -0.081633, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-07-14", "end": "2023-11-10", "tenure": "Established", "return": -0.014048, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-11-17", "end": "2024-01-05", "tenure": "Developing", "return": -0.112705, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-01-12", "end": "2024-10-04", "tenure": "Extended", "return": -0.391416, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-11", "end": "2024-10-18", "tenure": "New", "return": 0.0412, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-25", "end": "2024-11-29", "tenure": "Developing", "return": -0.094445, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-06", "end": "2025-04-11", "tenure": "Established", "return": 0.077938, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-04-18", "end": "2025-05-02", "tenure": "New", "return": -0.216439, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-09", "end": "2025-08-22", "tenure": "Established", "return": -0.013116, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-29", "end": "2025-10-17", "tenure": "Developing", "return": -0.108983, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-24", "end": "2026-08-07", "tenure": "Extended", "return": -0.417423, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 195.026657, "volume": 4049978, "typical_volume": 3358413.45, "trend": 210.379138, "fair_value": 213.002237, "relative_strength": -8.951369, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.885467, "energy": 63.954345, "activity_lines": [ 193.020231, 197.053577, 202.491681, 204.973606 ] }, { "date": "2023-08-04", "close": 177.286148, "volume": 6358702, "typical_volume": 3536478.7, "trend": 208.672536, "fair_value": 212.771811, "relative_strength": -17.313971, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.970934, "energy": 74.346384, "activity_lines": [ 187.19862, 192.82052, 199.992056, 202.838574 ] }, { "date": "2023-08-11", "close": 171.554443, "volume": 5692638, "typical_volume": 3640749.65, "trend": 206.639853, "fair_value": 212.507597, "relative_strength": -17.339217, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.834119, "energy": 79.797112, "activity_lines": [ 181.221651, 188.219292, 197.032269, 200.443858 ] }, { "date": "2023-08-18", "close": 161.826416, "volume": 4248491, "typical_volume": 3691552.35, "trend": 204.253521, "fair_value": 211.972771, "relative_strength": -20.244189, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.966931, "energy": 84.250617, "activity_lines": [ 173.67524, 182.491556, 193.24458, 197.552669 ] }, { "date": "2023-08-25", "close": 152.316544, "volume": 5182522, "typical_volume": 3819888.85, "trend": 201.579575, "fair_value": 211.316444, "relative_strength": -22.995012, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.112612, "energy": 91.810246, "activity_lines": [ 164.876711, 175.742426, 188.706465, 194.201896 ] }, { "date": "2023-09-01", "close": 163.819626, "volume": 4421176, "typical_volume": 3741813.8, "trend": 199.314484, "fair_value": 210.940962, "relative_strength": -18.80166, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.814847, "energy": 83.979896, "activity_lines": [ 162.282573, 172.06469, 185.514435, 191.765771 ] }, { "date": "2023-09-08", "close": 161.489258, "volume": 3062945, "typical_volume": 3545123.9, "trend": 197.094194, "fair_value": 210.645507, "relative_strength": -19.284374, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.675661, "energy": 81.539929, "activity_lines": [ 160.992113, 168.688954, 182.268085, 189.325433 ] }, { "date": "2023-09-15", "close": 179.78508, "volume": 4818737, "typical_volume": 3506257.45, "trend": 195.662696, "fair_value": 210.367994, "relative_strength": -10.053161, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.276144, "energy": 52.684616, "activity_lines": [ 166.853388, 169.40564, 181.005873, 188.208716 ] }, { "date": "2023-09-22", "close": 178.495956, "volume": 2832052, "typical_volume": 3568623.0, "trend": 194.417008, "fair_value": 210.23354, "relative_strength": -10.920672, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.711124, "energy": 33.77227, "activity_lines": [ 171.736245, 170.194629, 179.781573, 187.101185 ] }, { "date": "2023-09-29", "close": 178.33728, "volume": 1893165, "typical_volume": 3477944.95, "trend": 193.450605, "fair_value": 210.093821, "relative_strength": -10.256133, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.994121, "energy": 22.819518, "activity_lines": [ 175.454907, 171.174732, 178.711864, 186.063783 ] }, { "date": "2023-10-13", "close": 175.273102, "volume": 1969680, "typical_volume": 3391512.2, "trend": 192.360933, "fair_value": 209.88609, "relative_strength": -11.178225, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.819715, "energy": 25.224155, "activity_lines": [ 176.417461, 171.77098, 177.558044, 184.891041 ] }, { "date": "2023-10-20", "close": 165.941727, "volume": 1855840, "typical_volume": 3349260.2, "trend": 191.382786, "fair_value": 209.622346, "relative_strength": -12.733079, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.196064, "energy": 25.307368, "activity_lines": [ 173.505992, 171.029769, 175.715049, 183.186576 ] }, { "date": "2023-10-27", "close": 172.179184, "volume": 4272514, "typical_volume": 3382585.45, "trend": 190.713574, "fair_value": 209.455767, "relative_strength": -10.206465, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.829749, "energy": 24.169474, "activity_lines": [ 172.376843, 171.628904, 174.696631, 181.947634 ] }, { "date": "2023-11-03", "close": 178.843033, "volume": 2497948, "typical_volume": 3300409.75, "trend": 190.19386, "fair_value": 209.327911, "relative_strength": -6.832481, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.861639, "energy": 22.302631, "activity_lines": [ 173.976038, 173.428288, 174.478092, 181.181793 ] }, { "date": "2023-11-10", "close": 187.91658, "volume": 3276818, "typical_volume": 3318063.55, "trend": 189.62666, "fair_value": 209.214604, "relative_strength": -2.177793, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.974243, "energy": 6.687877, "activity_lines": [ 178.576609, 176.568016, 175.228012, 181.034871 ] }, { "date": "2023-11-17", "close": 181.77829, "volume": 3556613, "typical_volume": 3430991.75, "trend": 189.051937, "fair_value": 209.168641, "relative_strength": -5.272591, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.59089, "energy": 13.132581, "activity_lines": [ 180.492464, 177.944417, 175.480456, 180.528525 ] }, { "date": "2023-11-24", "close": 187.420746, "volume": 2377458, "typical_volume": 3448505.0, "trend": 188.224571, "fair_value": 209.019635, "relative_strength": -1.513926, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.163562, "energy": 17.666727, "activity_lines": [ 183.855459, 180.020199, 176.374824, 180.423287 ] }, { "date": "2023-12-01", "close": 194.858078, "volume": 3932380, "typical_volume": 3502849.65, "trend": 187.602199, "fair_value": 208.913358, "relative_strength": 2.957391, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 33.052423, "energy": 44.378409, "activity_lines": [ 188.265629, 182.97674, 178.054622, 180.851255 ] }, { "date": "2023-12-08", "close": 180.360245, "volume": 3656864, "typical_volume": 3591816.55, "trend": 186.476427, "fair_value": 208.757953, "relative_strength": -2.514262, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.667482, "energy": 23.982539, "activity_lines": [ 186.331262, 183.023258, 178.362221, 180.384032 ] }, { "date": "2023-12-15", "close": 170.057068, "volume": 4205526, "typical_volume": 3708102.35, "trend": 184.746412, "fair_value": 208.552793, "relative_strength": -6.895766, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.986762, "energy": 16.460057, "activity_lines": [ 180.861356, 181.162575, 177.737297, 179.324718 ] }, { "date": "2023-12-22", "close": 168.083694, "volume": 2500823, "typical_volume": 3630644.6, "trend": 183.110071, "fair_value": 208.555659, "relative_strength": -6.83051, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.410942, "energy": 24.831189, "activity_lines": [ 175.924292, 179.093645, 177.009242, 178.249704 ] }, { "date": "2023-12-29", "close": 170.602463, "volume": 3800584, "typical_volume": 3502738.7, "trend": 181.651693, "fair_value": 208.533845, "relative_strength": -7.078855, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.099698, "energy": 33.938076, "activity_lines": [ 172.739791, 177.613391, 176.649369, 177.442762 ] }, { "date": "2024-01-05", "close": 161.290924, "volume": 2283660, "typical_volume": 3332289.8, "trend": 180.132164, "fair_value": 208.456969, "relative_strength": -10.322073, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -67.821234, "energy": 51.328601, "activity_lines": [ 167.572662, 174.355388, 175.434511, 176.129164 ] }, { "date": "2024-01-12", "close": 162.510666, "volume": 3332737, "typical_volume": 3286502.1, "trend": 178.857571, "fair_value": 208.318496, "relative_strength": -7.655761, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.405444, "energy": 63.692583, "activity_lines": [ 165.049925, 171.517125, 174.384692, 174.992293 ] }, { "date": "2024-01-19", "close": 155.271637, "volume": 3036853, "typical_volume": 3179218.65, "trend": 177.159546, "fair_value": 208.242466, "relative_strength": -9.685757, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.181442, "energy": 69.318352, "activity_lines": [ 161.304149, 167.659627, 172.642183, 173.47062 ] }, { "date": "2024-01-26", "close": 151.533142, "volume": 4068146, "typical_volume": 3161567.15, "trend": 175.419541, "fair_value": 208.117241, "relative_strength": -13.646922, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.008071, "energy": 73.785445, "activity_lines": [ 157.297904, 163.715947, 170.529556, 171.817304 ] }, { "date": "2024-02-02", "close": 133.247223, "volume": 4389551, "typical_volume": 3227897.45, "trend": 173.073972, "fair_value": 207.874671, "relative_strength": -18.476252, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.832531, "energy": 83.533258, "activity_lines": [ 148.299723, 156.997467, 166.733919, 169.096509 ] }, { "date": "2024-02-09", "close": 162.480896, "volume": 5615341, "typical_volume": 3267727.65, "trend": 171.934903, "fair_value": 207.793379, "relative_strength": -4.861359, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.04579, "energy": 58.231269, "activity_lines": [ 151.536449, 156.579173, 165.856928, 168.413085 ] }, { "date": "2024-02-23", "close": 161.033096, "volume": 4201095, "typical_volume": 3336179.8, "trend": 170.94954, "fair_value": 207.640172, "relative_strength": -9.592705, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.487256, "energy": 42.609592, "activity_lines": [ 154.211244, 156.486318, 164.924451, 167.709742 ] }, { "date": "2024-03-01", "close": 165.267426, "volume": 3760717, "typical_volume": 3429557.4, "trend": 170.196221, "fair_value": 207.55785, "relative_strength": -7.459129, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.167552, "energy": 28.750485, "activity_lines": [ 158.395986, 157.514744, 164.478401, 167.343154 ] }, { "date": "2024-03-08", "close": 144.958542, "volume": 3816930, "typical_volume": 3521919.9, "trend": 168.527284, "fair_value": 207.416408, "relative_strength": -18.848404, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.756054, "energy": 26.781292, "activity_lines": [ 155.144714, 154.937731, 162.160409, 165.714917 ] }, { "date": "2024-03-15", "close": 136.380814, "volume": 9721537, "typical_volume": 3915204.75, "trend": 167.163773, "fair_value": 206.86808, "relative_strength": -23.422741, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.84268, "energy": 41.778654, "activity_lines": [ 149.472507, 151.221588, 159.169845, 163.640951 ] }, { "date": "2024-03-22", "close": 126.900711, "volume": 7792083, "typical_volume": 4091183.2, "trend": 165.675315, "fair_value": 206.299237, "relative_strength": -28.05156, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.657974, "energy": 69.256133, "activity_lines": [ 140.431359, 146.404001, 155.417181, 161.043334 ] }, { "date": "2024-03-29", "close": 127.723763, "volume": 8125073, "typical_volume": 4372539.45, "trend": 164.53856, "fair_value": 205.880779, "relative_strength": -26.982683, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.862048, "energy": 78.764636, "activity_lines": [ 134.036574, 142.361337, 151.958514, 158.594847 ] }, { "date": "2024-04-05", "close": 127.39653, "volume": 3474978, "typical_volume": 4382447.45, "trend": 163.707893, "fair_value": 205.54251, "relative_strength": -27.415796, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.026112, "energy": 79.450935, "activity_lines": [ 129.753334, 138.891665, 148.712107, 156.198587 ] }, { "date": "2024-04-12", "close": 126.018143, "volume": 4547711, "typical_volume": 4432002.35, "trend": 162.447843, "fair_value": 205.253283, "relative_strength": -26.580082, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.108485, "energy": 78.846008, "activity_lines": [ 127.535357, 135.678198, 145.622616, 153.76699 ] }, { "date": "2024-04-19", "close": 133.475311, "volume": 8490532, "typical_volume": 4737656.05, "trend": 161.514045, "fair_value": 205.012175, "relative_strength": -22.926641, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.013804, "energy": 56.910178, "activity_lines": [ 129.065797, 134.284488, 143.508856, 151.897795 ] }, { "date": "2024-04-26", "close": 140.317642, "volume": 6641945, "typical_volume": 4873134.3, "trend": 160.198464, "fair_value": 204.807068, "relative_strength": -19.198574, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.432141, "energy": 42.947885, "activity_lines": [ 133.070714, 134.130692, 142.30363, 150.530285 ] }, { "date": "2024-05-03", "close": 147.50708, "volume": 3151188, "typical_volume": 4847850.5, "trend": 159.165501, "fair_value": 204.65147, "relative_strength": -15.013629, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.800283, "energy": 26.744487, "activity_lines": [ 138.577648, 135.687034, 142.042828, 149.711486 ] }, { "date": "2024-05-10", "close": 156.679779, "volume": 5214120, "typical_volume": 4898280.2, "trend": 158.443584, "fair_value": 204.553848, "relative_strength": -10.7036, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.517718, "energy": 20.415595, "activity_lines": [ 145.82326, 139.157067, 142.812061, 149.551117 ] }, { "date": "2024-05-17", "close": 149.79776, "volume": 3605563, "typical_volume": 4953517.2, "trend": 157.594406, "fair_value": 204.304847, "relative_strength": -14.115168, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.857116, "energy": 25.441658, "activity_lines": [ 148.82265, 141.531963, 142.989564, 148.993321 ] }, { "date": "2024-05-24", "close": 140.10939, "volume": 3439338, "typical_volume": 4935454.9, "trend": 156.733329, "fair_value": 203.893515, "relative_strength": -17.3295, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.023093, "energy": 23.626295, "activity_lines": [ 147.007275, 142.057352, 142.331442, 147.865256 ] }, { "date": "2024-05-31", "close": 135.835403, "volume": 2822240, "typical_volume": 4962383.9, "trend": 155.521869, "fair_value": 203.344226, "relative_strength": -19.170806, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.328443, "energy": 17.62821, "activity_lines": [ 143.324966, 141.737859, 141.411478, 146.517003 ] }, { "date": "2024-06-07", "close": 75.200851, "volume": 9004260, "typical_volume": 5245960.05, "trend": 152.06713, "fair_value": 202.56474, "relative_strength": -54.047394, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.315052, "energy": 80.249314, "activity_lines": [ 119.729956, 130.231454, 134.838011, 141.335001 ] }, { "date": "2024-06-14", "close": 75.529198, "volume": 6070791, "typical_volume": 5397656.95, "trend": 148.320884, "fair_value": 201.289714, "relative_strength": -52.901971, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.708361, "energy": 95.939132, "activity_lines": [ 101.06481, 119.73971, 128.711577, 136.39707 ] }, { "date": "2024-06-21", "close": 74.026772, "volume": 7762137, "typical_volume": 5582356.5, "trend": 144.729166, "fair_value": 199.948637, "relative_strength": -52.663332, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.871348, "energy": 95.235887, "activity_lines": [ 87.308893, 109.91784, 122.821781, 131.603902 ] }, { "date": "2024-06-28", "close": 72.952187, "volume": 10109246, "typical_volume": 5868341.25, "trend": 140.913548, "fair_value": 198.577187, "relative_strength": -52.190204, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.306821, "energy": 92.705077, "activity_lines": [ 78.246181, 100.845889, 117.198721, 126.973129 ] }, { "date": "2024-07-05", "close": 67.778282, "volume": 4933870, "typical_volume": 5834267.7, "trend": 136.677555, "fair_value": 197.095888, "relative_strength": -54.626728, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.39125, "energy": 91.951082, "activity_lines": [ 71.935981, 91.933648, 111.370027, 122.254725 ] }, { "date": "2024-07-12", "close": 68.992149, "volume": 8762740, "typical_volume": 6062349.95, "trend": 132.965285, "fair_value": 195.674127, "relative_strength": -53.432247, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.701507, "energy": 89.765949, "activity_lines": [ 70.567545, 84.561008, 106.107905, 117.887924 ] }, { "date": "2024-07-19", "close": 74.494415, "volume": 10097404, "typical_volume": 6379184.3, "trend": 129.779863, "fair_value": 194.155266, "relative_strength": -49.18798, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.258311, "energy": 75.692489, "activity_lines": [ 71.447111, 79.616324, 101.808098, 114.11561 ] }, { "date": "2024-07-26", "close": 74.962051, "volume": 10375605, "typical_volume": 6707118.05, "trend": 126.675808, "fair_value": 192.422107, "relative_strength": -46.563705, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.38458, "energy": 66.366477, "activity_lines": [ 72.551541, 76.250944, 97.98508, 110.578977 ] }, { "date": "2024-08-02", "close": 79.250435, "volume": 9266308, "typical_volume": 6684356.6, "trend": 123.630741, "fair_value": 190.659544, "relative_strength": -43.064878, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.531746, "energy": 62.330132, "activity_lines": [ 75.02308, 75.02592, 94.903797, 107.519276 ] }, { "date": "2024-08-09", "close": 79.051437, "volume": 7619509, "typical_volume": 6675727.9, "trend": 120.889424, "fair_value": 189.267952, "relative_strength": -41.603711, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.301139, "energy": 54.292946, "activity_lines": [ 77.008404, 74.87124, 92.075611, 104.643192 ] }, { "date": "2024-08-16", "close": 78.41465, "volume": 5447651, "typical_volume": 6541856.8, "trend": 118.086224, "fair_value": 187.793186, "relative_strength": -41.789249, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.26911, "energy": 50.061043, "activity_lines": [ 78.029921, 75.633217, 89.414632, 101.902884 ] }, { "date": "2024-08-23", "close": 73.240738, "volume": 7446905, "typical_volume": 6740453.15, "trend": 115.351861, "fair_value": 186.429674, "relative_strength": -44.511014, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.799201, "energy": 50.673452, "activity_lines": [ 76.698635, 75.39605, 86.495705, 99.009626 ] }, { "date": "2024-08-30", "close": 78.524094, "volume": 6025953, "typical_volume": 6814365.25, "trend": 112.918226, "fair_value": 185.194534, "relative_strength": -39.650422, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.098682, "energy": 45.36236, "activity_lines": [ 77.212045, 76.161101, 84.337839, 96.633641 ] }, { "date": "2024-09-06", "close": 77.638557, "volume": 6457596, "typical_volume": 6712718.45, "trend": 111.064603, "fair_value": 183.91414, "relative_strength": -38.120102, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.170828, "energy": 61.297288, "activity_lines": [ 77.192807, 76.683376, 82.321798, 94.357534 ] }, { "date": "2024-09-13", "close": 80.563812, "volume": 6355053, "typical_volume": 6698373.85, "trend": 108.334034, "fair_value": 182.795522, "relative_strength": -33.690845, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.561602, "energy": 51.066707, "activity_lines": [ 78.256113, 77.652309, 80.850243, 92.389741 ] }, { "date": "2024-09-20", "close": 73.668579, "volume": 5225984, "typical_volume": 6802113.65, "trend": 105.421883, "fair_value": 181.549997, "relative_strength": -39.445806, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.330164, "energy": 54.245847, "activity_lines": [ 76.920183, 77.135099, 79.006541, 90.15326 ] }, { "date": "2024-09-27", "close": 85.359634, "volume": 13940695, "typical_volume": 7238442.4, "trend": 102.75829, "fair_value": 180.408463, "relative_strength": -36.987655, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.137653, "energy": 30.675253, "activity_lines": [ 79.797675, 78.65851, 78.627884, 88.858921 ] }, { "date": "2024-10-04", "close": 98.90136, "volume": 7418030, "typical_volume": 7429065.75, "trend": 101.223051, "fair_value": 179.51655, "relative_strength": -31.619607, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 7.751027, "energy": 17.663008, "activity_lines": [ 86.38115, 82.446503, 79.878536, 88.610087 ] }, { "date": "2024-10-11", "close": 93.220009, "volume": 23745789, "typical_volume": 8444388.3, "trend": 99.784357, "fair_value": 178.418617, "relative_strength": -32.317268, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.336906, "energy": 18.487545, "activity_lines": [ 89.712357, 84.766263, 80.83047, 88.093762 ] }, { "date": "2024-10-18", "close": 97.060646, "volume": 13962704, "typical_volume": 9001411.5, "trend": 98.789689, "fair_value": 177.303887, "relative_strength": -29.621987, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 9.574734, "energy": 29.643817, "activity_lines": [ 93.285013, 87.530328, 82.371462, 87.918038 ] }, { "date": "2024-10-25", "close": 100.294342, "volume": 11264945, "typical_volume": 9114445.75, "trend": 97.875375, "fair_value": 176.253142, "relative_strength": -27.283276, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 13.194417, "energy": 34.074203, "activity_lines": [ 96.835778, 90.554898, 84.405067, 88.015113 ] }, { "date": "2024-11-01", "close": 92.652863, "volume": 14818121, "typical_volume": 9551812.25, "trend": 96.717252, "fair_value": 175.111742, "relative_strength": -31.347489, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": 4.386716, "energy": 25.031936, "activity_lines": [ 96.064333, 91.792295, 85.591419, 87.678177 ] }, { "date": "2024-11-08", "close": 100.473434, "volume": 13584143, "typical_volume": 9842912.55, "trend": 95.865762, "fair_value": 174.037282, "relative_strength": -28.442727, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.036013, "energy": 32.262346, "activity_lines": [ 97.41353, 94.098667, 87.441046, 87.920511 ] }, { "date": "2024-11-15", "close": 95.070679, "volume": 15311768, "typical_volume": 10103038.65, "trend": 94.585608, "fair_value": 172.998274, "relative_strength": -28.696764, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.827135, "energy": 27.046187, "activity_lines": [ 96.857003, 95.02364, 88.650188, 87.869215 ] }, { "date": "2024-11-22", "close": 86.802361, "volume": 11837275, "typical_volume": 10448208.9, "trend": 92.801765, "fair_value": 171.898273, "relative_strength": -32.564729, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 10.246383, "energy": 11.02842, "activity_lines": [ 93.420993, 94.128336, 88.966546, 87.36707 ] }, { "date": "2024-11-29", "close": 90.82209, "volume": 12334254, "typical_volume": 10626784.6, "trend": 90.912265, "fair_value": 170.920192, "relative_strength": -29.517891, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 7.990209, "energy": 8.491503, "activity_lines": [ 92.008777, 93.850463, 89.575143, 87.239349 ] }, { "date": "2024-12-06", "close": 96.513397, "volume": 8961797, "typical_volume": 10570004.25, "trend": 88.906719, "fair_value": 170.033141, "relative_strength": -25.48008, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 11.540118, "energy": 9.561523, "activity_lines": [ 93.125148, 94.295491, 90.621818, 87.600713 ] }, { "date": "2024-12-13", "close": 94.782127, "volume": 11385259, "typical_volume": 10620486.95, "trend": 87.072865, "fair_value": 169.167212, "relative_strength": -25.315747, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.9926, "energy": 17.852785, "activity_lines": [ 93.40706, 94.222948, 91.398758, 87.979771 ] }, { "date": "2024-12-20", "close": 87.896835, "volume": 7084911, "typical_volume": 10511417.1, "trend": 85.332446, "fair_value": 168.145136, "relative_strength": -29.096422, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.587708, "energy": 14.408816, "activity_lines": [ 91.773294, 92.973428, 91.425575, 88.032931 ] }, { "date": "2024-12-27", "close": 92.085724, "volume": 7924352, "typical_volume": 10526659.25, "trend": 83.874124, "fair_value": 167.158919, "relative_strength": -25.2232, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.015784, "energy": 15.442984, "activity_lines": [ 92.014082, 92.582309, 91.81016, 88.468626 ] }, { "date": "2025-01-03", "close": 92.095673, "volume": 6935117, "typical_volume": 10601032.55, "trend": 84.437284, "fair_value": 166.368942, "relative_strength": -19.59663, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.71804, "energy": 13.607697, "activity_lines": [ 91.905961, 92.283452, 92.133624, 88.999048 ] }, { "date": "2025-01-10", "close": 95.00103, "volume": 11115286, "typical_volume": 10784451.6, "trend": 85.086345, "fair_value": 165.45247, "relative_strength": -14.784655, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.43292, "energy": 16.722957, "activity_lines": [ 92.681387, 92.661909, 92.668641, 89.68058 ] }, { "date": "2025-01-17", "close": 98.234726, "volume": 6862938, "typical_volume": 10826300.85, "trend": 85.893277, "fair_value": 164.673304, "relative_strength": -12.630636, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 55.321719, "energy": 32.372884, "activity_lines": [ 94.635537, 93.585616, 93.408009, 90.528863 ] }, { "date": "2025-01-24", "close": 98.971008, "volume": 5727277, "typical_volume": 10789784.9, "trend": 86.760571, "fair_value": 163.950549, "relative_strength": -11.065281, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 55.312198, "energy": 43.633296, "activity_lines": [ 96.60494, 94.683897, 94.123639, 91.372588 ] }, { "date": "2025-01-31", "close": 94.314484, "volume": 1670622, "typical_volume": 10555563.35, "trend": 87.645111, "fair_value": 163.22173, "relative_strength": -14.08346, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 50.063073, "energy": 41.603301, "activity_lines": [ 96.283891, 94.864622, 94.294208, 91.859937 ] }, { "date": "2025-02-07", "close": 95.806961, "volume": 6586219, "typical_volume": 10623575.1, "trend": 88.538938, "fair_value": 162.587659, "relative_strength": -13.146199, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 49.761569, "energy": 39.482504, "activity_lines": [ 96.31175, 95.180122, 94.541437, 92.386508 ] }, { "date": "2025-02-14", "close": 98.025772, "volume": 10639126, "typical_volume": 10458496.65, "trend": 89.323317, "fair_value": 161.928233, "relative_strength": -10.871258, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 54.554811, "energy": 34.256133, "activity_lines": [ 96.831793, 95.808408, 94.894561, 92.998562 ] }, { "date": "2025-02-21", "close": 98.801865, "volume": 9935034, "typical_volume": 10584346.85, "trend": 90.117977, "fair_value": 161.421373, "relative_strength": -9.740457, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.996423, "energy": 30.157973, "activity_lines": [ 97.408885, 96.550305, 95.261284, 93.610081 ] }, { "date": "2025-02-28", "close": 93.90654, "volume": 13707677, "typical_volume": 10082441.25, "trend": 90.606514, "fair_value": 160.973642, "relative_strength": -11.323111, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.586579, "energy": 20.724545, "activity_lines": [ 96.316392, 96.329056, 95.162259, 93.854504 ] }, { "date": "2025-03-07", "close": 90.065903, "volume": 9598116, "typical_volume": 9864211.85, "trend": 90.973663, "fair_value": 160.571568, "relative_strength": -15.184159, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.63572, "energy": 8.311053, "activity_lines": [ 94.281318, 95.300243, 94.69419, 93.819626 ] }, { "date": "2025-03-14", "close": 94.165237, "volume": 8494930, "typical_volume": 9725711.1, "trend": 91.498683, "fair_value": 160.15651, "relative_strength": -11.619421, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.192963, "energy": 14.072822, "activity_lines": [ 93.895928, 95.053486, 94.649842, 94.025534 ] }, { "date": "2025-03-21", "close": 94.782127, "volume": 8057619, "typical_volume": 9387686.0, "trend": 92.216729, "fair_value": 159.714011, "relative_strength": -8.835796, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.324686, "energy": 15.874853, "activity_lines": [ 93.825616, 94.881264, 94.693432, 94.237369 ] }, { "date": "2025-03-28", "close": 98.085472, "volume": 8361633, "typical_volume": 9126560.5, "trend": 92.868775, "fair_value": 159.313555, "relative_strength": -4.521331, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.565328, "energy": 15.729154, "activity_lines": [ 95.072662, 95.313629, 95.041487, 94.615998 ] }, { "date": "2025-04-04", "close": 99.956039, "volume": 6612419, "typical_volume": 8691593.05, "trend": 93.612691, "fair_value": 158.958514, "relative_strength": -1.714635, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 52.930933, "energy": 29.583596, "activity_lines": [ 96.990989, 96.088811, 95.579062, 95.073241 ] }, { "date": "2025-04-11", "close": 104.035469, "volume": 21724633, "typical_volume": 9185960.95, "trend": 94.39508, "fair_value": 158.712078, "relative_strength": 6.220021, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 62.046422, "energy": 50.688624, "activity_lines": [ 99.865827, 97.587798, 96.48189, 95.745678 ] }, { "date": "2025-04-18", "close": 100.354034, "volume": 8636159, "typical_volume": 9001056.2, "trend": 95.284595, "fair_value": 158.422824, "relative_strength": 2.095893, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.285841, "energy": 50.334739, "activity_lines": [ 100.582216, 98.240688, 96.952044, 96.130127 ] }, { "date": "2025-04-25", "close": 81.220497, "volume": 34877945, "typical_volume": 10296863.6, "trend": 95.146623, "fair_value": 157.849945, "relative_strength": -16.719928, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -22.493266, "energy": 9.906919, "activity_lines": [ 94.508172, 95.332079, 95.554565, 95.222765 ] }, { "date": "2025-05-02", "close": 78.633545, "volume": 11549342, "typical_volume": 10305067.75, "trend": 94.47103, "fair_value": 157.296128, "relative_strength": -17.720529, "stage": 4, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "down", "direction": -67.482886, "energy": 52.744065, "activity_lines": [ 88.475919, 92.258666, 93.983534, 94.157406 ] }, { "date": "2025-05-09", "close": 78.752945, "volume": 12051587, "typical_volume": 10553401.55, "trend": 93.988794, "fair_value": 156.710349, "relative_strength": -17.731254, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.524638, "energy": 69.293225, "activity_lines": [ 83.780262, 89.573659, 92.500771, 93.143336 ] }, { "date": "2025-05-16", "close": 76.424683, "volume": 11904094, "typical_volume": 10752388.65, "trend": 93.300929, "fair_value": 156.097785, "relative_strength": -19.425596, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.961841, "energy": 79.868419, "activity_lines": [ 79.722057, 86.740851, 90.839812, 92.010167 ] }, { "date": "2025-05-23", "close": 74.71331, "volume": 11434310, "typical_volume": 10977348.3, "trend": 92.448228, "fair_value": 155.402388, "relative_strength": -19.514385, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.57503, "energy": 82.703824, "activity_lines": [ 76.934114, 83.844906, 89.090442, 90.810966 ] }, { "date": "2025-05-30", "close": 71.051773, "volume": 13265871, "typical_volume": 11084877.55, "trend": 91.728191, "fair_value": 154.732739, "relative_strength": -22.209367, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.663301, "energy": 86.587821, "activity_lines": [ 74.635039, 80.636899, 87.075127, 89.430549 ] }, { "date": "2025-06-06", "close": 70.693581, "volume": 12558486, "typical_volume": 11369654.95, "trend": 90.73553, "fair_value": 154.006185, "relative_strength": -23.263816, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.40801, "energy": 86.636216, "activity_lines": [ 72.894483, 77.795227, 85.139742, 88.073478 ] }, { "date": "2025-06-13", "close": 71.151268, "volume": 16341240, "typical_volume": 11900353.1, "trend": 89.938216, "fair_value": 153.235692, "relative_strength": -22.365312, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.29925, "energy": 82.226146, "activity_lines": [ 71.835819, 75.534805, 83.379095, 86.809977 ] }, { "date": "2025-06-20", "close": 67.360382, "volume": 10836227, "typical_volume": 12358633.35, "trend": 89.29015, "fair_value": 152.399101, "relative_strength": -25.883719, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.52923, "energy": 81.427692, "activity_lines": [ 70.020305, 73.108855, 81.389886, 85.353343 ] }, { "date": "2025-06-27", "close": 68.663811, "volume": 11673735, "typical_volume": 12613009.15, "trend": 88.551541, "fair_value": 151.564397, "relative_strength": -25.629324, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.829757, "energy": 75.706525, "activity_lines": [ 69.243555, 71.586711, 79.653166, 84.022611 ] }, { "date": "2025-07-04", "close": 67.549431, "volume": 11835750, "typical_volume": 12672840.35, "trend": 87.586075, "fair_value": 150.785974, "relative_strength": -27.667923, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.05794, "energy": 70.606245, "activity_lines": [ 68.498644, 70.438138, 77.939568, 82.667636 ] }, { "date": "2025-07-11", "close": 69.429947, "volume": 11605188, "typical_volume": 12756348.05, "trend": 86.741002, "fair_value": 149.88248, "relative_strength": -26.274756, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.30988, "energy": 75.015379, "activity_lines": [ 68.614062, 69.880043, 76.550192, 81.496273 ] }, { "date": "2025-07-18", "close": 70.080002, "volume": 16202444, "typical_volume": 12881086.4, "trend": 86.147108, "fair_value": 149.014929, "relative_strength": -25.822331, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.639902, "energy": 64.503629, "activity_lines": [ 69.030406, 69.607477, 75.362592, 80.42137 ] }, { "date": "2025-07-25", "close": 76.940002, "volume": 33751277, "typical_volume": 14088744.45, "trend": 85.642251, "fair_value": 148.12355, "relative_strength": -19.640821, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.768286, "energy": 58.598129, "activity_lines": [ 71.804835, 70.739874, 74.941785, 79.827363 ] }, { "date": "2025-08-01", "close": 75.720001, "volume": 22704336, "typical_volume": 14799214.75, "trend": 85.096395, "fair_value": 147.233674, "relative_strength": -19.818629, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.004631, "energy": 34.543114, "activity_lines": [ 73.533956, 71.641083, 74.467292, 79.187218 ] }, { "date": "2025-08-08", "close": 77.290001, "volume": 20740566, "typical_volume": 15433362.1, "trend": 84.506027, "fair_value": 146.337689, "relative_strength": -19.477597, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.564334, "energy": 33.55404, "activity_lines": [ 75.315998, 72.809444, 74.230158, 78.68358 ] }, { "date": "2025-08-15", "close": 76.989998, "volume": 23452738, "typical_volume": 16187917.35, "trend": 83.79787, "fair_value": 145.506631, "relative_strength": -20.757907, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.081326, "energy": 31.656031, "activity_lines": [ 76.348667, 73.809835, 74.047747, 78.198675 ] }, { "date": "2025-08-22", "close": 77.720001, "volume": 19888881, "typical_volume": 16851740.45, "trend": 83.089503, "fair_value": 144.738972, "relative_strength": -22.400131, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -12.406405, "energy": 23.63311, "activity_lines": [ 77.120667, 74.828475, 74.035315, 77.806554 ] }, { "date": "2025-08-29", "close": 77.809998, "volume": 33345173, "typical_volume": 17432767.45, "trend": 82.539353, "fair_value": 143.85666, "relative_strength": -22.533606, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.918008, "energy": 18.883029, "activity_lines": [ 77.413333, 75.744046, 74.13734, 77.465941 ] }, { "date": "2025-09-05", "close": 78.980003, "volume": 28922601, "typical_volume": 18447089.55, "trend": 81.978455, "fair_value": 143.06781, "relative_strength": -19.997529, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.539581, "energy": 15.74933, "activity_lines": [ 78.038, 76.682352, 74.475678, 77.236305 ] }, { "date": "2025-09-12", "close": 78.269997, "volume": 25078921, "typical_volume": 17957138.35, "trend": 81.319929, "fair_value": 142.299295, "relative_strength": -21.347382, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.372224, "energy": 15.331205, "activity_lines": [ 78.208666, 77.303999, 74.848176, 76.99705 ] }, { "date": "2025-09-19", "close": 75.599998, "volume": 14436884, "typical_volume": 18101515.45, "trend": 80.546533, "fair_value": 141.495761, "relative_strength": -22.613403, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.265644, "energy": 11.072113, "activity_lines": [ 77.423999, 77.245272, 74.98044, 76.628022 ] }, { "date": "2025-09-26", "close": 71.980003, "volume": 15013369, "typical_volume": 18249604.55, "trend": 79.815649, "fair_value": 140.69137, "relative_strength": -25.981002, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.217287, "energy": 19.243703, "activity_lines": [ 75.525333, 76.416182, 74.782387, 76.075343 ] }, { "date": "2025-10-03", "close": 74.410004, "volume": 5947184, "typical_volume": 17951759.05, "trend": 79.293785, "fair_value": 139.823197, "relative_strength": -23.956371, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.00383, "energy": 20.760907, "activity_lines": [ 74.819335, 75.994364, 74.848015, 75.726592 ] }, { "date": "2025-10-10", "close": 73.07, "volume": 5112815, "typical_volume": 17635684.3, "trend": 78.590611, "fair_value": 139.056775, "relative_strength": -25.01405, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.901108, "energy": 28.61546, "activity_lines": [ 73.893335, 75.37491, 74.795617, 75.325057 ] }, { "date": "2025-10-17", "close": 69.330002, "volume": 11490874, "typical_volume": 17546934.45, "trend": 77.742207, "fair_value": 138.391764, "relative_strength": -27.135054, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -65.58682, "energy": 43.116612, "activity_lines": [ 72.114668, 74.123637, 74.394855, 74.727598 ] }, { "date": "2025-10-24", "close": 70.480003, "volume": 7717675, "typical_volume": 17304893.9, "trend": 76.822024, "fair_value": 137.607977, "relative_strength": -27.291165, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.271665, "energy": 56.245873, "activity_lines": [ 71.315336, 73.226183, 74.111815, 74.259069 ] }, { "date": "2025-10-31", "close": 64.839996, "volume": 17907381, "typical_volume": 17383200.95, "trend": 75.651489, "fair_value": 136.690521, "relative_strength": -32.555144, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.207073, "energy": 74.929567, "activity_lines": [ 68.977333, 71.421637, 73.292648, 73.486035 ] }, { "date": "2025-11-07", "close": 63.5, "volume": 10472564, "typical_volume": 17365017.8, "trend": 74.300307, "fair_value": 135.741365, "relative_strength": -33.965049, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.602746, "energy": 82.473081, "activity_lines": [ 66.668666, 69.607637, 72.375917, 72.702068 ] }, { "date": "2025-11-14", "close": 64.830002, "volume": 13090789, "typical_volume": 17435870.5, "trend": 73.116173, "fair_value": 134.880856, "relative_strength": -31.792046, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.484191, "energy": 80.718525, "activity_lines": [ 65.530667, 68.295637, 71.604235, 72.091081 ] }, { "date": "2025-11-21", "close": 60.299999, "volume": 11894741, "typical_volume": 17438820.05, "trend": 72.418823, "fair_value": 133.7013, "relative_strength": -33.400838, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.451278, "energy": 88.609415, "activity_lines": [ 63.432, 66.417273, 70.419381, 71.264231 ] }, { "date": "2025-11-28", "close": 60.73, "volume": 7545440, "typical_volume": 17235832.65, "trend": 71.822038, "fair_value": 132.616175, "relative_strength": -33.21662, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.327926, "energy": 89.996479, "activity_lines": [ 62.078667, 64.943818, 69.31, 70.510113 ] }, { "date": "2025-12-05", "close": 61.279999, "volume": 8953092, "typical_volume": 16873365.05, "trend": 71.239606, "fair_value": 131.577366, "relative_strength": -32.151343, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.647029, "energy": 86.921537, "activity_lines": [ 61.558666, 63.840727, 68.294429, 69.829981 ] }, { "date": "2025-12-12", "close": 61.060001, "volume": 11508732, "typical_volume": 15761237.8, "trend": 70.72745, "fair_value": 130.631108, "relative_strength": -31.463556, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.910505, "energy": 86.429246, "activity_lines": [ 61.202667, 62.892182, 67.29981, 69.173233 ] }, { "date": "2025-12-19", "close": 62.41, "volume": 10066552, "typical_volume": 15129348.6, "trend": 70.31734, "fair_value": 129.619795, "relative_strength": -29.371878, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.440784, "energy": 78.616883, "activity_lines": [ 61.459333, 62.431818, 66.509381, 68.636623 ] }, { "date": "2025-12-26", "close": 62.75, "volume": 9037953, "typical_volume": 14544217.95, "trend": 70.040614, "fair_value": 128.645326, "relative_strength": -29.62871, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.54026, "energy": 58.667555, "activity_lines": [ 61.990667, 62.227091, 65.814715, 68.148407 ] }, { "date": "2026-01-02", "close": 60.66, "volume": 4828478, "typical_volume": 13613004.95, "trend": 69.706162, "fair_value": 127.681266, "relative_strength": -31.274172, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.131059, "energy": 59.634293, "activity_lines": [ 61.662, 61.762, 64.990238, 67.543207 ] }, { "date": "2026-01-09", "close": 64.769997, "volume": 15573890, "typical_volume": 13397255.4, "trend": 69.493453, "fair_value": 126.702604, "relative_strength": -28.434641, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.891834, "energy": 40.17907, "activity_lines": [ 62.707999, 62.222727, 64.634952, 67.224744 ] }, { "date": "2026-01-16", "close": 63.689999, "volume": 19505691, "typical_volume": 12705281.3, "trend": 69.371106, "fair_value": 125.646231, "relative_strength": -28.383903, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.00576, "energy": 34.045349, "activity_lines": [ 63.161332, 62.488363, 64.238476, 66.850328 ] }, { "date": "2026-01-23", "close": 63.07, "volume": 19759485, "typical_volume": 12247125.5, "trend": 69.184646, "fair_value": 124.559917, "relative_strength": -28.70844, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.137879, "energy": 30.636242, "activity_lines": [ 63.232666, 62.637818, 63.85019, 66.443805 ] }, { "date": "2026-01-30", "close": 60.25, "volume": 15820660, "typical_volume": 11784212.45, "trend": 68.941332, "fair_value": 123.449876, "relative_strength": -30.698567, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.554342, "energy": 38.058429, "activity_lines": [ 62.319999, 62.306545, 63.269095, 65.867376 ] }, { "date": "2026-02-06", "close": 60.259998, "volume": 11389587, "typical_volume": 11631847.6, "trend": 68.635667, "fair_value": 122.34555, "relative_strength": -28.87576, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.295542, "energy": 48.751279, "activity_lines": [ 61.577332, 61.977999, 62.774761, 65.30729 ] }, { "date": "2026-02-13", "close": 59.5, "volume": 8331593, "typical_volume": 11297758.8, "trend": 68.283, "fair_value": 121.24124, "relative_strength": -29.093687, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.597247, "energy": 58.323976, "activity_lines": [ 60.607999, 61.519817, 62.281095, 64.717892 ] }, { "date": "2026-02-27", "close": 62.34, "volume": 13071714, "typical_volume": 11653985.3, "trend": 67.796333, "fair_value": 120.178689, "relative_strength": -26.166122, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.743401, "energy": 51.096121, "activity_lines": [ 60.936666, 61.610363, 62.117333, 64.334473 ] }, { "date": "2026-03-06", "close": 56.959999, "volume": 14353458, "typical_volume": 12116017.45, "trend": 67.171, "fair_value": 119.11606, "relative_strength": -30.958232, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.344498, "energy": 62.227485, "activity_lines": [ 59.561999, 60.699454, 61.498666, 63.635355 ] }, { "date": "2026-03-13", "close": 55.060001, "volume": 9508448, "typical_volume": 12016896.15, "trend": 66.43, "fair_value": 118.085249, "relative_strength": -31.924929, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.253029, "energy": 75.385729, "activity_lines": [ 57.961333, 59.542181, 60.775762, 62.854 ] }, { "date": "2026-03-20", "close": 51.810001, "volume": 9138645, "typical_volume": 12087944.65, "trend": 65.590667, "fair_value": 117.08833, "relative_strength": -32.757045, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.131317, "energy": 86.97538, "activity_lines": [ 55.623334, 57.933818, 59.811285, 61.910774 ] }, { "date": "2026-03-27", "close": 52.080002, "volume": 10260033, "typical_volume": 11705577.25, "trend": 64.736, "fair_value": 116.089078, "relative_strength": -30.640238, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.758512, "energy": 91.061887, "activity_lines": [ 53.938668, 56.535455, 58.961429, 61.039118 ] }, { "date": "2026-04-03", "close": 50.900002, "volume": 6718144, "typical_volume": 11517856.25, "trend": 63.839, "fair_value": 115.163526, "relative_strength": -30.499202, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.643875, "energy": 91.123193, "activity_lines": [ 52.355335, 55.153273, 58.059953, 60.146473 ] }, { "date": "2026-04-10", "close": 51.619999, "volume": 4463514, "typical_volume": 11086492.5, "trend": 62.927, "fair_value": 114.262016, "relative_strength": -30.186318, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.284916, "energy": 87.035874, "activity_lines": [ 51.774667, 54.134546, 57.287048, 59.358151 ] }, { "date": "2026-04-17", "close": 50.25, "volume": 6917637, "typical_volume": 10837637.3, "trend": 61.993, "fair_value": 113.337757, "relative_strength": -31.736936, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.916872, "energy": 86.272775, "activity_lines": [ 51.093334, 53.07491, 56.446572, 58.54028 ] }, { "date": "2026-04-24", "close": 52.686699, "volume": 10493117, "typical_volume": 10985021.15, "trend": 61.229224, "fair_value": 112.361822, "relative_strength": -27.568402, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.59394, "energy": 64.082988, "activity_lines": [ 51.5449, 52.640128, 55.886019, 57.939873 ] }, { "date": "2026-05-01", "close": 50.871628, "volume": 8505063, "typical_volume": 10962619.7, "trend": 60.525611, "fair_value": 111.412153, "relative_strength": -29.681054, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.291369, "energy": 61.570624, "activity_lines": [ 51.332996, 52.013029, 55.190904, 57.271641 ] }, { "date": "2026-05-08", "close": 50.395542, "volume": 5745601, "typical_volume": 10674463.15, "trend": 59.725129, "fair_value": 110.374677, "relative_strength": -30.563892, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.038028, "energy": 61.953766, "activity_lines": [ 51.042955, 51.456249, 54.500011, 56.618088 ] }, { "date": "2026-05-15", "close": 48.600307, "volume": 10996020, "typical_volume": 10720936.55, "trend": 58.909473, "fair_value": 109.317441, "relative_strength": -31.418573, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.931528, "energy": 63.764007, "activity_lines": [ 50.188132, 50.790234, 53.688927, 55.900358 ] }, { "date": "2026-05-22", "close": 45.277634, "volume": 12473249, "typical_volume": 10892701.35, "trend": 58.107727, "fair_value": 108.235032, "relative_strength": -34.904209, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.694035, "energy": 75.676376, "activity_lines": [ 48.427065, 49.672092, 52.627158, 55.020884 ] }, { "date": "2026-05-29", "close": 42.073978, "volume": 14403127, "typical_volume": 11371433.8, "trend": 57.160859, "fair_value": 107.081932, "relative_strength": -38.007067, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.405801, "energy": 93.752863, "activity_lines": [ 45.929604, 48.149327, 51.343481, 53.986449 ] }, { "date": "2026-06-05", "close": 41.092056, "volume": 1806737, "typical_volume": 10683076.15, "trend": 56.369261, "fair_value": 105.953202, "relative_strength": -38.052828, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.615922, "energy": 96.239745, "activity_lines": [ 43.81235, 46.62505, 50.054792, 52.949752 ] }, { "date": "2026-06-12", "close": 40.070457, "volume": 4631325, "typical_volume": 9939357.85, "trend": 55.588277, "fair_value": 104.836001, "relative_strength": -38.868382, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.186309, "energy": 94.918972, "activity_lines": [ 42.006535, 45.114809, 48.78156, 51.898216 ] }, { "date": "2026-06-19", "close": 38.91, "volume": 10000002, "typical_volume": 9451383.7, "trend": 54.724277, "fair_value": 103.759291, "relative_strength": -40.683699, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.790593, "energy": 94.544085, "activity_lines": [ 40.502239, 43.590476, 47.510282, 50.822198 ] }, { "date": "2026-06-26", "close": 36.259998, "volume": 2695502, "typical_volume": 8795125.8, "trend": 53.922943, "fair_value": 102.704878, "relative_strength": -43.102226, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.888551, "energy": 96.673905, "activity_lines": [ 38.76063, 41.815416, 46.101671, 49.630955 ] }, { "date": "2026-07-03", "close": 39.939999, "volume": 4060808, "typical_volume": 8428686.85, "trend": 53.229943, "fair_value": 101.639029, "relative_strength": -36.800054, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.431129, "energy": 80.508287, "activity_lines": [ 38.846864, 40.96381, 45.157774, 48.728829 ] }, { "date": "2026-07-10", "close": 41.560001, "volume": 22253151, "typical_volume": 9124764.75, "trend": 52.57261, "fair_value": 100.599457, "relative_strength": -32.705536, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.385423, "energy": 66.458255, "activity_lines": [ 39.615363, 40.638509, 44.464925, 47.97593 ] }, { "date": "2026-07-17", "close": 41.27, "volume": 25557116, "typical_volume": 9749034.85, "trend": 51.912943, "fair_value": 99.558788, "relative_strength": -28.269427, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.434307, "energy": 62.402632, "activity_lines": [ 40.256, 40.429782, 43.829886, 47.246729 ] }, { "date": "2026-07-24", "close": 38.709999, "volume": 17137884, "typical_volume": 9888256.15, "trend": 51.122943, "fair_value": 98.546333, "relative_strength": -32.783144, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.914865, "energy": 57.053004, "activity_lines": [ 39.963333, 39.921519, 43.05137, 46.394926 ] }, { "date": "2026-07-31", "close": 41.82, "volume": 14315952, "typical_volume": 10128631.35, "trend": 50.425277, "fair_value": 97.592654, "relative_strength": -26.745749, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.467976, "energy": 43.068734, "activity_lines": [ 40.720666, 40.158535, 42.655949, 45.794736 ] }, { "date": "2026-08-07", "close": 41.060001, "volume": 12979955, "typical_volume": 10320696.85, "trend": 49.771943, "fair_value": 96.651583, "relative_strength": -29.05074, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.786334, "energy": 38.53536, "activity_lines": [ 40.854, 40.320236, 42.251196, 45.190525 ] } ], "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." } } }