{ "ticker": { "uuid": "291acb9c-e24d-4d7d-9f6d-2f015b90d67b", "symbol": "6936", "name": "VETNOSTRUM ANIMAL HEALTH CO 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": 4, "stage_name": "Declining", "phase": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 61.462, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -55.46, "architecture_energy": 50.067, "architecture_maturity": 44.305, "architecture_confidence": 91.233, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 21.62, "rotation_up": 15.48, "upward_expansion": 9.86, "deceleration": 40.75, "rotation_down": 58.34, "downward_expansion": 83.19 }, "activity_lines": [ 31.899999, 32.121818, 32.360546, 32.598014 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 32.049999, "trend_reference": 33.000965, "distance_from_trend": -0.028816, "trend_direction": "Weakening", "fair_value": 33.930818, "distance_from_fair_value": -0.055431, "fair_value_direction": "Improving", "relative_strength": -32.381241, "relative_strength_direction": "Improving", "price_momentum": -0.072589, "excess_performance": -0.513961, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.028816, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.013366, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.055431, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.004551, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.323812, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.054436, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.072589, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.345533, "read": "Demand-led" } ], "volume": { "latest": 89215, "relative_activity": 0.467074, "balance": 1.345533, "dry_up": 0.797898, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.028944, "annualized_volatility": 0.14414, "from_high_reference": -0.274331, "from_low_reference": 0.026828 }, "levels": { "trend_reference": 33.000965, "fair_value_reference": 33.930818, "structural_low": 31.212639, "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": 9, "median_return": -0.004292, "positive_rate": 0.444444, "directional_follow_through": 0.555556, "median_excess_return": -0.059476, "regime_survival": 0.777778, "best_return": 0.041908, "worst_return": -0.049401, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": -0.018336, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.212469, "regime_survival": 0.333333, "best_return": -0.016468, "worst_return": -0.018786, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": 0.018336, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": -0.362656, "regime_survival": 0.0, "best_return": 0.018336, "worst_return": 0.018336, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-27", "end": "2025-01-03", "tenure": "New", "return": -0.009682, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-10", "end": "2025-01-17", "tenure": "New", "return": 0.013986, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-24", "end": "2025-02-28", "tenure": "Developing", "return": 0.066667, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-07", "end": "2025-05-02", "tenure": "Developing", "return": -0.007833, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-05-09", "end": "2025-06-13", "tenure": "Developing", "return": -0.082324, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-06-20", "end": "2025-07-04", "tenure": "New", "return": 0.027027, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-07-11", "end": "2025-07-18", "tenure": "New", "return": 0.018583, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-25", "end": "2025-08-08", "tenure": "New", "return": -0.020298, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-15", "end": "2025-10-17", "tenure": "Developing", "return": -0.018336, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-10-24", "end": "2025-10-31", "tenure": "New", "return": -0.157143, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-07", "end": "2025-11-28", "tenure": "New", "return": -0.008621, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-05", "end": "2025-12-19", "tenure": "New", "return": 0.049133, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-26", "end": "2026-03-20", "tenure": "Developing", "return": -0.047222, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-27", "end": "2026-08-14", "tenure": "Established", "return": -0.022568, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 31.521948, "volume": 373359, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-18", "close": 32.321098, "volume": 194111, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-25", "close": 33.297829, "volume": 279687, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-01", "close": 35.517689, "volume": 878720, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-08", "close": 34.452156, "volume": 1031496, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-15", "close": 36.050453, "volume": 536542, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-22", "close": 34.762939, "volume": 277167, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-29", "close": 34.496552, "volume": 120031, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-06", "close": 33.431026, "volume": 254406, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-13", "close": 32.987053, "volume": 107475, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-20", "close": 33.031448, "volume": 95296, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-27", "close": 32.853859, "volume": 82065, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-03", "close": 32.498684, "volume": 50817, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-10", "close": 32.409889, "volume": 141530, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-17", "close": 32.454288, "volume": 119154, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-24", "close": 32.498684, "volume": 232592, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-01", "close": 34.85173, "volume": 303955, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-08", "close": 33.253437, "volume": 169154, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-15", "close": 32.987053, "volume": 109495, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-22", "close": 34.363365, "volume": 826866, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-29", "close": 34.718536, "volume": 457503, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-05", "close": 34.363365, "volume": 172983, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-12", "close": 34.807335, "volume": 150393, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-19", "close": 34.141376, "volume": 258832, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-26", "close": 34.452156, "volume": 187831, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-02", "close": 34.274567, "volume": 433085, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-09", "close": 34.318966, "volume": 46483, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-16", "close": 34.807335, "volume": 310691, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-23", "close": 34.718536, "volume": 337277, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-01", "close": 34.718536, "volume": 217415, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-08", "close": 33.830597, "volume": 402170, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-15", "close": 33.342228, "volume": 271516, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-22", "close": 33.386623, "volume": 134664, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-29", "close": 33.120243, "volume": 105699, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-05", "close": 32.987053, "volume": 164395, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-12", "close": 32.187904, "volume": 375876, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-19", "close": 32.454288, "volume": 89334, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-26", "close": 32.321098, "volume": 134633, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-03", "close": 32.187904, "volume": 169614, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-10", "close": 32.765068, "volume": 232296, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-17", "close": 32.631878, "volume": 112108, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-24", "close": 32.543079, "volume": 138156, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-31", "close": 32.409889, "volume": 95182, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-07", "close": 32.36549, "volume": 161038, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-14", "close": 32.36549, "volume": 159530, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-21", "close": 32.498684, "volume": 228699, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-28", "close": 32.2323, "volume": 123357, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-05", "close": 32.05471, "volume": 253317, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-12", "close": 32.372265, "volume": 577297, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-19", "close": 32.783775, "volume": 381062, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-26", "close": 33.012394, "volume": 189884, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-02", "close": 32.14365, "volume": 110825, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-09", "close": 32.0522, "volume": 140068, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-16", "close": 31.412067, "volume": 209674, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-23", "close": 31.320621, "volume": 123901, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-30", "close": 31.457794, "volume": 190153, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-06", "close": 32.0522, "volume": 79228, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-13", "close": 32.920948, "volume": 141134, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-20", "close": 33.241013, "volume": 121066, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-27", "close": 34.887062, "volume": 654438, "typical_volume": 209505.85, "trend": 32.578017, "fair_value": 32.847633, "relative_strength": -9.654687, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.495199, "energy": 41.869519, "activity_lines": [ 33.448293, 32.731403, 32.512894, 32.493746 ] }, { "date": "2024-10-04", "close": 34.429825, "volume": 62873, "typical_volume": 207044.1, "trend": 32.597991, "fair_value": 32.867167, "relative_strength": -8.259266, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 69.249021, "energy": 70.042103, "activity_lines": [ 33.954301, 33.091372, 32.702604, 32.613218 ] }, { "date": "2024-10-11", "close": 33.972591, "volume": 85823, "typical_volume": 204427.45, "trend": 32.619004, "fair_value": 32.880647, "relative_strength": -11.356534, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.906242, "energy": 71.620954, "activity_lines": [ 34.109761, 33.342436, 32.840205, 32.701902 ] }, { "date": "2024-10-18", "close": 34.10976, "volume": 73090, "typical_volume": 203322.85, "trend": 32.643108, "fair_value": 32.895456, "relative_strength": -12.65886, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.854118, "energy": 70.63752, "activity_lines": [ 34.182918, 33.585187, 32.984064, 32.79808 ] }, { "date": "2024-10-25", "close": 34.155479, "volume": 251903, "typical_volume": 207866.1, "trend": 32.677616, "fair_value": 32.910456, "relative_strength": -11.434483, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.388017, "energy": 55.583224, "activity_lines": [ 34.192061, 33.798839, 33.124181, 32.895652 ] }, { "date": "2024-11-01", "close": 34.521271, "volume": 96957, "typical_volume": 204737.45, "trend": 32.728757, "fair_value": 32.929407, "relative_strength": -7.765808, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.5816, "energy": 42.530823, "activity_lines": [ 34.262171, 34.02912, 33.290613, 33.014597 ] }, { "date": "2024-11-08", "close": 35.069954, "volume": 284511, "typical_volume": 207528.05, "trend": 32.824825, "fair_value": 32.954297, "relative_strength": -8.894225, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.105784, "energy": 47.474318, "activity_lines": [ 34.53956, 34.300967, 33.499034, 33.165642 ] }, { "date": "2024-11-15", "close": 34.795612, "volume": 94099, "typical_volume": 206065.15, "trend": 32.902869, "fair_value": 32.975462, "relative_strength": -5.989304, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.245471, "energy": 44.840992, "activity_lines": [ 34.682827, 34.457258, 33.669083, 33.29279 ] }, { "date": "2024-11-22", "close": 34.887062, "volume": 45233, "typical_volume": 195660.95, "trend": 32.988401, "fair_value": 32.997184, "relative_strength": -6.010847, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.132328, "energy": 47.181049, "activity_lines": [ 34.801709, 34.580296, 33.835636, 33.420802 ] }, { "date": "2024-11-29", "close": 33.972591, "volume": 386132, "typical_volume": 186102.7, "trend": 33.047891, "fair_value": 33.008144, "relative_strength": -5.304843, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.097468, "energy": 35.743477, "activity_lines": [ 34.563948, 34.50132, 33.901609, 33.484298 ] }, { "date": "2024-12-06", "close": 32.555157, "volume": 405446, "typical_volume": 187321.9, "trend": 33.040894, "fair_value": 33.003111, "relative_strength": -12.364902, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 20.744553, "energy": 12.819217, "activity_lines": [ 33.865901, 34.151326, 33.824967, 33.452509 ] }, { "date": "2024-12-13", "close": 32.783775, "volume": 434927, "typical_volume": 199574.05, "trend": 33.045957, "fair_value": 33.000701, "relative_strength": -10.612378, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 14.878118, "energy": 16.792349, "activity_lines": [ 33.375134, 33.885298, 33.771187, 33.435921 ] }, { "date": "2024-12-20", "close": 32.920948, "volume": 95419, "typical_volume": 198803.75, "trend": 33.058553, "fair_value": 32.999834, "relative_strength": -7.657213, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 5.063867, "energy": 18.933103, "activity_lines": [ 33.082504, 33.674139, 33.73156, 33.427856 ] }, { "date": "2024-12-27", "close": 33.058121, "volume": 131996, "typical_volume": 198400.15, "trend": 33.08016, "fair_value": 33.00046, "relative_strength": -9.756442, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.050668, "energy": 24.411813, "activity_lines": [ 32.960575, 33.507041, 33.701296, 33.427828 ] }, { "date": "2025-01-03", "close": 32.738052, "volume": 93939, "typical_volume": 192613.4, "trend": 33.092579, "fair_value": 32.997669, "relative_strength": -8.602401, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -18.646189, "energy": 27.136166, "activity_lines": [ 32.853886, 33.300869, 33.635759, 33.405756 ] }, { "date": "2025-01-10", "close": 32.692329, "volume": 120957, "typical_volume": 192466.2, "trend": 33.103474, "fair_value": 32.994455, "relative_strength": -8.502882, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.921966, "energy": 30.074934, "activity_lines": [ 32.814259, 33.112155, 33.559553, 33.379934 ] }, { "date": "2025-01-17", "close": 33.149567, "volume": 65661, "typical_volume": 186241.6, "trend": 33.12517, "fair_value": 32.99607, "relative_strength": -7.195786, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -14.518114, "energy": 15.975119, "activity_lines": [ 32.9179, 33.039829, 33.520362, 33.382908 ] }, { "date": "2025-01-24", "close": 32.920948, "volume": 85030, "typical_volume": 186531.7, "trend": 33.148125, "fair_value": 32.995296, "relative_strength": -8.728087, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -12.692593, "energy": 13.315018, "activity_lines": [ 32.920948, 32.960852, 33.451341, 33.369732 ] }, { "date": "2025-02-07", "close": 33.058121, "volume": 63638, "typical_volume": 182656.9, "trend": 33.181572, "fair_value": 32.995937, "relative_strength": -7.59608, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -0.946062, "energy": 6.695939, "activity_lines": [ 32.969721, 32.9409, 33.391247, 33.363925 ] }, { "date": "2025-02-14", "close": 34.201206, "volume": 315973, "typical_volume": 192402.25, "trend": 33.242536, "fair_value": 33.008111, "relative_strength": -2.540549, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 20.612182, "energy": 12.492916, "activity_lines": [ 33.399521, 33.162036, 33.439366, 33.429708 ] }, { "date": "2025-02-21", "close": 34.566994, "volume": 150359, "typical_volume": 167198.3, "trend": 33.301977, "fair_value": 33.0237, "relative_strength": -3.388499, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.171556, "energy": 27.872181, "activity_lines": [ 33.853708, 33.445522, 33.517749, 33.515157 ] }, { "date": "2025-02-28", "close": 35.115681, "volume": 314695, "typical_volume": 179789.4, "trend": 33.372087, "fair_value": 33.044413, "relative_strength": 1.434771, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 65.11622, "energy": 47.322483, "activity_lines": [ 34.365813, 33.79219, 33.649912, 33.63217 ] }, { "date": "2025-03-07", "close": 35.024231, "volume": 250318, "typical_volume": 188014.15, "trend": 33.468106, "fair_value": 33.063823, "relative_strength": 3.683235, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.967051, "energy": 63.863074, "activity_lines": [ 34.71636, 34.079832, 33.7701, 33.73876 ] }, { "date": "2025-03-14", "close": 36.258766, "volume": 846561, "typical_volume": 226687.7, "trend": 33.608325, "fair_value": 33.094842, "relative_strength": 10.392925, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.728978, "energy": 74.944059, "activity_lines": [ 35.338199, 34.553694, 34.002854, 33.918803 ] }, { "date": "2025-03-21", "close": 39.733753, "volume": 1119459, "typical_volume": 270065.5, "trend": 33.885714, "fair_value": 33.158678, "relative_strength": 19.513684, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.992614, "energy": 89.086717, "activity_lines": [ 36.904992, 35.601179, 34.556326, 34.313992 ] }, { "date": "2025-03-28", "close": 45.723537, "volume": 4215534, "typical_volume": 475994.35, "trend": 34.365812, "fair_value": 33.278343, "relative_strength": 40.547924, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 98.454611, "energy": 98.400043, "activity_lines": [ 40.099543, 37.61052, 35.653691, 35.077722 ] }, { "date": "2025-04-04", "close": 44.489006, "volume": 1072475, "typical_volume": 515392.55, "trend": 34.800185, "fair_value": 33.384104, "relative_strength": 37.904809, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.382796, "energy": 95.667312, "activity_lines": [ 42.138813, 39.15847, 36.580138, 35.730831 ] }, { "date": "2025-04-11", "close": 41.288357, "volume": 1898701, "typical_volume": 605622.65, "trend": 35.108057, "fair_value": 33.457975, "relative_strength": 38.712942, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.55007, "energy": 85.851362, "activity_lines": [ 42.486313, 39.918312, 37.156907, 36.149423 ] }, { "date": "2025-04-18", "close": 39.413685, "volume": 846953, "typical_volume": 645708.65, "trend": 35.324482, "fair_value": 33.513121, "relative_strength": 32.525368, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.848367, "energy": 61.037978, "activity_lines": [ 41.791313, 40.185171, 37.524219, 36.427206 ] }, { "date": "2025-04-25", "close": 40.693951, "volume": 1568250, "typical_volume": 704814.55, "trend": 35.572913, "fair_value": 33.579, "relative_strength": 32.898158, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.527106, "energy": 47.723202, "activity_lines": [ 41.312741, 40.569249, 37.991906, 36.773623 ] }, { "date": "2025-05-02", "close": 34.749889, "volume": 6670742, "typical_volume": 1018079.35, "trend": 35.568341, "fair_value": 33.589644, "relative_strength": 8.40296, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 24.509844, "energy": 16.088302, "activity_lines": [ 38.788802, 39.754538, 37.861485, 36.720525 ] }, { "date": "2025-05-09", "close": 37.767639, "volume": 5614989, "typical_volume": 1277082.45, "trend": 35.679601, "fair_value": 33.627284, "relative_strength": 16.775194, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.427453, "energy": 21.319939, "activity_lines": [ 38.002355, 39.485184, 38.008018, 36.862415 ] }, { "date": "2025-05-16", "close": 36.578831, "volume": 2641205, "typical_volume": 1404371.75, "trend": 35.766476, "fair_value": 33.653637, "relative_strength": 8.166939, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.260286, "energy": 19.406319, "activity_lines": [ 37.267731, 38.951466, 38.017598, 36.92043 ] }, { "date": "2025-05-23", "close": 35.984421, "volume": 1074677, "typical_volume": 1451505.8, "trend": 35.828964, "fair_value": 33.674264, "relative_strength": 7.181105, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.281399, "energy": 19.075439, "activity_lines": [ 36.648938, 38.281408, 37.953149, 36.934491 ] }, { "date": "2025-05-30", "close": 34.521271, "volume": 1024119, "typical_volume": 1498014.8, "trend": 35.841158, "fair_value": 33.681693, "relative_strength": 4.152236, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -19.145324, "energy": 19.371758, "activity_lines": [ 35.771047, 37.35031, 37.735418, 36.850123 ] }, { "date": "2025-06-06", "close": 34.10976, "volume": 1102543, "typical_volume": 1547094.1, "trend": 35.827441, "fair_value": 33.685416, "relative_strength": 1.366533, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -22.450628, "energy": 22.893283, "activity_lines": [ 35.167497, 36.439165, 37.470004, 36.73842 ] }, { "date": "2025-06-13", "close": 34.658443, "volume": 1686437, "typical_volume": 1628132.9, "trend": 35.813723, "fair_value": 33.693804, "relative_strength": 0.961426, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -18.984101, "energy": 27.147499, "activity_lines": [ 34.789516, 35.83894, 37.250095, 36.663001 ] }, { "date": "2025-06-20", "close": 33.835419, "volume": 789606, "typical_volume": 1663361.7, "trend": 35.781717, "fair_value": 33.695014, "relative_strength": -1.432187, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.204122, "energy": 36.145548, "activity_lines": [ 34.344474, 35.267812, 36.944619, 36.535369 ] }, { "date": "2025-06-27", "close": 35.207127, "volume": 1082024, "typical_volume": 1714281.0, "trend": 35.792386, "fair_value": 33.707829, "relative_strength": -0.062768, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.907838, "energy": 27.5104, "activity_lines": [ 34.539562, 35.081593, 36.765426, 36.498298 ] }, { "date": "2025-07-04", "close": 34.749889, "volume": 560779, "typical_volume": 1726521.3, "trend": 35.818296, "fair_value": 33.716586, "relative_strength": -1.390416, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.768858, "energy": 19.475648, "activity_lines": [ 34.634057, 34.888723, 36.532454, 36.43104 ] }, { "date": "2025-07-11", "close": 35.66436, "volume": 677424, "typical_volume": 1752874.55, "trend": 35.921936, "fair_value": 33.732817, "relative_strength": 0.044587, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.021361, "energy": 13.900355, "activity_lines": [ 35.018135, 34.970194, 36.383961, 36.421109 ] }, { "date": "2025-07-18", "close": 36.327114, "volume": 535015, "typical_volume": 1763890.55, "trend": 36.040047, "fair_value": 33.754258, "relative_strength": -1.093792, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -8.691225, "energy": 8.217457, "activity_lines": [ 35.51949, 35.155539, 36.293362, 36.44725 ] }, { "date": "2025-07-25", "close": 35.323338, "volume": 438515, "typical_volume": 1773300.4, "trend": 36.120127, "fair_value": 33.767119, "relative_strength": -3.841748, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.814772, "energy": 7.952233, "activity_lines": [ 35.575009, 35.184571, 36.101397, 36.40101 ] }, { "date": "2025-08-01", "close": 35.323338, "volume": 467343, "typical_volume": 1754339.5, "trend": 36.195634, "fair_value": 33.779771, "relative_strength": -4.146393, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.555274, "energy": 10.88849, "activity_lines": [ 35.531333, 35.236429, 35.908008, 36.349605 ] }, { "date": "2025-08-08", "close": 34.606358, "volume": 781004, "typical_volume": 1737416.75, "trend": 36.257911, "fair_value": 33.786437, "relative_strength": -8.336038, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.996094, "energy": 32.912909, "activity_lines": [ 35.240916, 35.169948, 35.650789, 36.247071 ] }, { "date": "2025-08-15", "close": 33.889374, "volume": 541603, "typical_volume": 1553720.2, "trend": 36.297812, "fair_value": 33.787261, "relative_strength": -11.281678, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.314842, "energy": 58.177596, "activity_lines": [ 34.721074, 34.971559, 35.349702, 36.094262 ] }, { "date": "2025-08-22", "close": 34.319565, "volume": 551862, "typical_volume": 1527689.55, "trend": 36.336812, "fair_value": 33.791485, "relative_strength": -8.044039, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.668323, "energy": 58.026535, "activity_lines": [ 34.462961, 34.855393, 35.145939, 35.966633 ] }, { "date": "2025-08-29", "close": 34.319565, "volume": 384927, "typical_volume": 1452000.85, "trend": 36.383433, "fair_value": 33.795643, "relative_strength": -9.825319, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.910686, "energy": 59.424842, "activity_lines": [ 34.338684, 34.745389, 34.990602, 35.836488 ] }, { "date": "2025-09-05", "close": 34.319565, "volume": 220277, "typical_volume": 1420667.05, "trend": 36.425481, "fair_value": 33.799736, "relative_strength": -10.775289, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.792706, "energy": 53.573469, "activity_lines": [ 34.281326, 34.626582, 34.868449, 35.703335 ] }, { "date": "2025-09-12", "close": 33.602581, "volume": 301303, "typical_volume": 1357319.7, "trend": 36.405527, "fair_value": 33.798208, "relative_strength": -15.818562, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.291182, "energy": 51.022333, "activity_lines": [ 34.051891, 34.393552, 34.70227, 35.521213 ] }, { "date": "2025-09-19", "close": 33.554779, "volume": 243672, "typical_volume": 1035966.2, "trend": 36.371786, "fair_value": 33.796336, "relative_strength": -16.072078, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.478034, "energy": 52.834875, "activity_lines": [ 33.873441, 34.172691, 34.565307, 35.337293 ] }, { "date": "2025-09-26", "close": 33.459183, "volume": 165483, "typical_volume": 763490.9, "trend": 36.31657, "fair_value": 33.793762, "relative_strength": -16.11934, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.180408, "energy": 59.950867, "activity_lines": [ 33.685431, 33.972804, 34.42493, 35.149383 ] }, { "date": "2025-10-03", "close": 33.220188, "volume": 173974, "typical_volume": 640129.35, "trend": 36.256435, "fair_value": 33.789417, "relative_strength": -20.109998, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.806703, "energy": 64.741217, "activity_lines": [ 33.475116, 33.781609, 34.282309, 34.949617 ] }, { "date": "2025-10-10", "close": 33.411385, "volume": 111125, "typical_volume": 591951.75, "trend": 36.161522, "fair_value": 33.786574, "relative_strength": -20.928818, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.841194, "energy": 59.198021, "activity_lines": [ 33.401824, 33.663415, 34.17389, 34.766065 ] }, { "date": "2025-10-17", "close": 33.267986, "volume": 133041, "typical_volume": 547397.85, "trend": 35.945997, "fair_value": 33.782704, "relative_strength": -21.009471, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.659363, "energy": 54.387267, "activity_lines": [ 33.341279, 33.553912, 34.064067, 34.579385 ] }, { "date": "2025-10-24", "close": 40.15102, "volume": 1505758, "typical_volume": 567558.6, "trend": 35.760246, "fair_value": 33.829877, "relative_strength": -5.46976, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 19.057059, "energy": 25.561579, "activity_lines": [ 35.597384, 34.720203, 34.615738, 34.850677 ] }, { "date": "2025-10-31", "close": 33.841576, "volume": 4320661, "typical_volume": 699269.8, "trend": 35.405332, "fair_value": 33.829963, "relative_strength": -22.046254, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -22.528479, "energy": 20.481911, "activity_lines": [ 35.310592, 34.625475, 34.537743, 34.726892 ] }, { "date": "2025-11-07", "close": 33.267986, "volume": 598039, "typical_volume": 689691.45, "trend": 35.137986, "fair_value": 33.825861, "relative_strength": -21.447932, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -29.583093, "energy": 19.804563, "activity_lines": [ 34.80711, 34.435148, 34.40901, 34.588999 ] }, { "date": "2025-11-14", "close": 33.267986, "volume": 411389, "typical_volume": 656159.7, "trend": 34.93313, "fair_value": 33.821818, "relative_strength": -20.445596, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -39.772286, "energy": 21.063844, "activity_lines": [ 34.300442, 34.263941, 34.282978, 34.468354 ] }, { "date": "2025-11-21", "close": 32.694401, "volume": 413058, "typical_volume": 648773.65, "trend": 34.666478, "fair_value": 33.813707, "relative_strength": -18.669979, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -61.818205, "energy": 37.636649, "activity_lines": [ 33.612139, 34.007566, 34.111554, 34.32392 ] }, { "date": "2025-11-28", "close": 32.981194, "volume": 182058, "typical_volume": 624005.35, "trend": 34.607521, "fair_value": 33.807761, "relative_strength": -21.166797, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -54.717997, "energy": 47.180793, "activity_lines": [ 33.057672, 33.819846, 33.977231, 34.215192 ] }, { "date": "2025-12-05", "close": 33.07679, "volume": 149007, "typical_volume": 604704.95, "trend": 34.45116, "fair_value": 33.802577, "relative_strength": -21.597331, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.491187, "energy": 50.21833, "activity_lines": [ 33.013059, 33.659937, 33.86479, 34.116435 ] }, { "date": "2025-12-12", "close": 34.319565, "volume": 427319, "typical_volume": 604145.15, "trend": 34.375851, "fair_value": 33.806218, "relative_strength": -19.085417, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.915161, "energy": 36.22701, "activity_lines": [ 33.43369, 33.73294, 33.886186, 34.107945 ] }, { "date": "2025-12-19", "close": 34.701954, "volume": 662196, "typical_volume": 613887.8, "trend": 34.333102, "fair_value": 33.812481, "relative_strength": -16.519223, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -23.335734, "energy": 10.151319, "activity_lines": [ 33.911679, 33.855479, 33.94878, 34.128984 ] }, { "date": "2025-12-26", "close": 34.415161, "volume": 168050, "typical_volume": 583240.1, "trend": 34.329565, "fair_value": 33.816667, "relative_strength": -19.43593, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.168715, "energy": 12.90869, "activity_lines": [ 34.198473, 33.902409, 33.987019, 34.134278 ] }, { "date": "2026-01-02", "close": 34.462959, "volume": 96430, "typical_volume": 560981.45, "trend": 34.341338, "fair_value": 33.821124, "relative_strength": -21.256896, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -0.219359, "energy": 8.699036, "activity_lines": [ 34.386481, 33.937172, 34.030721, 34.142884 ] }, { "date": "2026-01-09", "close": 34.223965, "volume": 234714, "typical_volume": 545124.05, "trend": 34.326856, "fair_value": 33.823883, "relative_strength": -23.934089, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -0.087703, "energy": 6.821426, "activity_lines": [ 34.396041, 34.0319, 34.04893, 34.135311 ] }, { "date": "2026-01-16", "close": 34.367363, "volume": 250111, "typical_volume": 538383.25, "trend": 34.344587, "fair_value": 33.82758, "relative_strength": -26.025872, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.225808, "energy": 7.727422, "activity_lines": [ 34.376922, 34.145749, 34.081251, 34.137925 ] }, { "date": "2026-01-23", "close": 33.841576, "volume": 303000, "typical_volume": 542519.4, "trend": 34.299069, "fair_value": 33.827675, "relative_strength": -28.068443, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.178758, "energy": 7.915366, "activity_lines": [ 34.179354, 34.144011, 34.06327, 34.105472 ] }, { "date": "2026-01-30", "close": 34.367363, "volume": 408166, "typical_volume": 547862.55, "trend": 34.286318, "fair_value": 33.831297, "relative_strength": -26.870867, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.925851, "energy": 8.712972, "activity_lines": [ 34.214406, 34.227442, 34.09764, 34.109878 ] }, { "date": "2026-02-06", "close": 34.558559, "volume": 284267, "typical_volume": 549892.3, "trend": 34.249458, "fair_value": 33.836145, "relative_strength": -25.500796, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.639241, "energy": 13.506398, "activity_lines": [ 34.316378, 34.315218, 34.146577, 34.127442 ] }, { "date": "2026-02-13", "close": 34.510757, "volume": 140152, "typical_volume": 548625.75, "trend": 34.188913, "fair_value": 33.840613, "relative_strength": -29.219197, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.682223, "energy": 19.002388, "activity_lines": [ 34.396042, 34.365624, 34.186181, 34.1443 ] }, { "date": "2026-02-27", "close": 34.510757, "volume": 460368, "typical_volume": 562945.45, "trend": 34.161827, "fair_value": 33.845022, "relative_strength": -32.402261, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 49.294134, "energy": 37.10146, "activity_lines": [ 34.456586, 34.389958, 34.220779, 34.165065 ] }, { "date": "2026-03-06", "close": 33.889374, "volume": 309032, "typical_volume": 572840.8, "trend": 34.114028, "fair_value": 33.845312, "relative_strength": -29.550063, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 35.456571, "energy": 18.171918, "activity_lines": [ 34.300443, 34.297836, 34.190051, 34.147487 ] }, { "date": "2026-03-13", "close": 32.45541, "volume": 330812, "typical_volume": 582729.35, "trend": 34.04233, "fair_value": 33.836286, "relative_strength": -31.595976, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -65.521515, "energy": 44.131762, "activity_lines": [ 33.663126, 33.959769, 34.020479, 34.040479 ] }, { "date": "2026-03-20", "close": 32.789997, "volume": 197022, "typical_volume": 517292.55, "trend": 34.005684, "fair_value": 33.829536, "relative_strength": -30.55385, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -64.155479, "energy": 61.779547, "activity_lines": [ 33.264801, 33.718167, 33.886642, 33.959684 ] }, { "date": "2026-03-27", "close": 32.789997, "volume": 122100, "typical_volume": 307364.5, "trend": 33.954698, "fair_value": 33.822872, "relative_strength": -28.873075, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.090509, "energy": 68.51535, "activity_lines": [ 32.984381, 33.506982, 33.787857, 33.881252 ] }, { "date": "2026-04-03", "close": 32.981194, "volume": 128000, "typical_volume": 283862.55, "trend": 33.910086, "fair_value": 33.791311, "relative_strength": -26.145708, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.905508, "energy": 69.392376, "activity_lines": [ 32.88241, 33.356633, 33.71229, 33.818446 ] }, { "date": "2026-04-10", "close": 33.745975, "volume": 134040, "typical_volume": 269995.1, "trend": 33.890966, "fair_value": 33.807628, "relative_strength": -29.378669, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.770044, "energy": 50.102849, "activity_lines": [ 33.137336, 33.370537, 33.710924, 33.807858 ] }, { "date": "2026-04-17", "close": 34.128368, "volume": 210270, "typical_volume": 259855.7, "trend": 33.908492, "fair_value": 33.829702, "relative_strength": -30.086217, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.299937, "energy": 15.819316, "activity_lines": [ 33.529288, 33.455707, 33.7437, 33.823174 ] }, { "date": "2026-04-24", "close": 33.07679, "volume": 203253, "typical_volume": 260915.45, "trend": 33.892559, "fair_value": 33.84228, "relative_strength": -34.826724, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.106703, "energy": 18.660749, "activity_lines": [ 33.459182, 33.354025, 33.669498, 33.769516 ] }, { "date": "2026-05-01", "close": 32.789997, "volume": 259130, "typical_volume": 266421.6, "trend": 33.870253, "fair_value": 33.851367, "relative_strength": -34.212412, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.187195, "energy": 19.690256, "activity_lines": [ 33.27436, 33.22714, 33.567527, 33.698383 ] }, { "date": "2026-05-08", "close": 32.789997, "volume": 248004, "typical_volume": 257455.85, "trend": 33.855913, "fair_value": 33.862383, "relative_strength": -37.618215, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.101703, "energy": 29.076854, "activity_lines": [ 33.089537, 33.131542, 33.466921, 33.628689 ] }, { "date": "2026-05-15", "close": 31.834023, "volume": 333882, "typical_volume": 241040.15, "trend": 33.803335, "fair_value": 33.865341, "relative_strength": -37.824873, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.827051, "energy": 61.773037, "activity_lines": [ 32.598803, 32.893418, 33.282555, 33.498244 ] }, { "date": "2026-05-22", "close": 32.120815, "volume": 153011, "typical_volume": 240288.2, "trend": 33.765096, "fair_value": 33.865731, "relative_strength": -38.014133, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.029831, "energy": 62.60141, "activity_lines": [ 32.331129, 32.744807, 33.139158, 33.389695 ] }, { "date": "2026-05-29", "close": 31.451633, "volume": 381193, "typical_volume": 254526.35, "trend": 33.475116, "fair_value": 33.871748, "relative_strength": -41.774295, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.666736, "energy": 70.977035, "activity_lines": [ 31.974232, 32.48061, 32.942955, 33.240439 ] }, { "date": "2026-06-05", "close": 33.028992, "volume": 353000, "typical_volume": 260440.65, "trend": 33.44803, "fair_value": 33.882367, "relative_strength": -38.445845, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.650439, "energy": 50.662255, "activity_lines": [ 32.251465, 32.52754, 32.911317, 33.211657 ] }, { "date": "2026-06-12", "close": 33.549999, "volume": 199220, "typical_volume": 257896.1, "trend": 33.45743, "fair_value": 33.895224, "relative_strength": -35.346853, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.404131, "energy": 20.18856, "activity_lines": [ 32.686434, 32.664852, 32.934988, 33.218235 ] }, { "date": "2026-06-19", "close": 33.400002, "volume": 54299, "typical_volume": 245461.05, "trend": 33.461831, "fair_value": 33.90712, "relative_strength": -37.951897, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.353738, "energy": 14.754248, "activity_lines": [ 33.020738, 32.764551, 32.948267, 33.21453 ] }, { "date": "2026-06-26", "close": 32.25, "volume": 166072, "typical_volume": 233356.35, "trend": 33.447018, "fair_value": 33.912745, "relative_strength": -36.690651, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.346203, "energy": 22.158173, "activity_lines": [ 32.867308, 32.661449, 32.854124, 33.136348 ] }, { "date": "2026-07-03", "close": 32.900002, "volume": 94262, "typical_volume": 223856.1, "trend": 33.444311, "fair_value": 33.928047, "relative_strength": -37.564989, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.261407, "energy": 16.773643, "activity_lines": [ 32.921934, 32.710681, 32.831969, 33.101056 ] }, { "date": "2026-07-10", "close": 32.650002, "volume": 0, "typical_volume": 216848.5, "trend": 33.430085, "fair_value": 33.934583, "relative_strength": -35.182445, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.662053, "energy": 14.760698, "activity_lines": [ 32.796668, 32.717673, 32.793902, 33.049811 ] }, { "date": "2026-07-17", "close": 31.75, "volume": 292912, "typical_volume": 208475.7, "trend": 33.344433, "fair_value": 33.9348, "relative_strength": -32.036382, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.13185, "energy": 37.388761, "activity_lines": [ 32.396668, 32.563574, 32.678981, 32.941418 ] }, { "date": "2026-07-24", "close": 31.75, "volume": 205567, "typical_volume": 203302.45, "trend": 33.246034, "fair_value": 33.930058, "relative_strength": -32.589251, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.23192, "energy": 48.784138, "activity_lines": [ 32.116667, 32.428384, 32.577207, 32.838551 ] }, { "date": "2026-07-31", "close": 31.799999, "volume": 139839, "typical_volume": 193753.8, "trend": 33.158862, "fair_value": 33.927856, "relative_strength": -30.688575, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.561116, "energy": 58.332666, "activity_lines": [ 31.963333, 32.303812, 32.490382, 32.745259 ] }, { "date": "2026-08-07", "close": 31.9, "volume": 175000, "typical_volume": 192652.7, "trend": 33.07343, "fair_value": 33.928571, "relative_strength": -31.232701, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.942727, "energy": 58.792934, "activity_lines": [ 31.873333, 32.203255, 32.416202, 32.664042 ] }, { "date": "2026-08-14", "close": 32.049999, "volume": 89215, "typical_volume": 191008.45, "trend": 33.000965, "fair_value": 33.930818, "relative_strength": -32.381241, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.459798, "energy": 50.067361, "activity_lines": [ 31.899999, 32.121818, 32.360546, 32.598014 ] } ], "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." } } }