{ "ticker": { "uuid": "2a08f326-9e50-4ed1-9ea7-db659e66cc20", "symbol": "603693", "name": "Jiangsu New Energy Development 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": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 86.564, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Structural failure", "architecture_gate": "down", "architecture_direction": -60.606, "architecture_energy": 52.325, "architecture_maturity": 19.852, "architecture_confidence": 80.428, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 23.86, "rotation_up": 13.58, "upward_expansion": 8.82, "deceleration": 44.98, "rotation_down": 64.05, "downward_expansion": 82.16 }, "activity_lines": [ 11.921333, 12.251037, 13.392909, 13.711964 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 12.08, "trend_reference": 13.776575, "distance_from_trend": -0.123149, "trend_direction": "Improving", "fair_value": 11.878811, "distance_from_fair_value": 0.016937, "fair_value_direction": "Weakening", "relative_strength": -8.81416, "relative_strength_direction": "Weakening", "price_momentum": -0.03745, "excess_performance": 0.005754, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.123149, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.012657, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.016937, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.273994, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.088142, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.133674, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.03745, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.453151, "read": "Demand-led" } ], "volume": { "latest": 39179853, "relative_activity": 0.412652, "balance": 1.453151, "dry_up": 0.610088, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.130944, "annualized_volatility": 0.536665, "from_high_reference": -0.406971, "from_low_reference": 0.10219 }, "levels": { "trend_reference": 13.776575, "fair_value_reference": 11.878811, "structural_low": 10.96, "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": -0.007004, "positive_rate": 0.444444, "directional_follow_through": 0.555556, "median_excess_return": -0.004955, "regime_survival": 0.444444, "best_return": 0.097976, "worst_return": -0.17078, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": -0.061983, "positive_rate": 0.2, "directional_follow_through": 0.8, "median_excess_return": -0.099208, "regime_survival": 0.0, "best_return": 0.07743, "worst_return": -0.339076, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.021718, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.139563, "regime_survival": 0.0, "best_return": 0.049027, "worst_return": -0.258178, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.275225, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.182841, "regime_survival": 0.333333, "best_return": 0.571427, "worst_return": -0.280183, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-28", "end": "2025-05-16", "tenure": "Developing", "return": 0.077128, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-05-23", "end": "2025-05-30", "tenure": "New", "return": 0.2, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-06", "end": "2025-08-22", "tenure": "Developing", "return": -0.025652, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-29", "end": "2025-09-26", "tenure": "Developing", "return": -0.019847, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-03", "end": "2025-11-07", "tenure": "Developing", "return": 0.026459, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-14", "end": "2025-11-21", "tenure": "New", "return": -0.088957, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-28", "end": "2026-02-06", "tenure": "Developing", "return": 0.040765, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-13", "end": "2026-02-27", "tenure": "New", "return": 0.095745, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-03-06", "end": "2026-03-20", "tenure": "New", "return": 0.206997, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-03-27", "end": "2026-04-17", "tenure": "New", "return": -0.145785, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-24", "end": "2026-05-08", "tenure": "New", "return": 0.011811, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-15", "end": "2026-06-19", "tenure": "Developing", "return": -0.085743, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-26", "end": "2026-07-03", "tenure": "New", "return": -0.002357, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-10", "end": "2026-08-07", "tenure": "Developing", "return": 0.029838, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 12.875066, "volume": 11666440, "typical_volume": 25741363.1, "trend": 12.676581, "fair_value": 12.603715, "relative_strength": -1.511028, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.866102, "energy": 16.941034, "activity_lines": [ 13.051256, 13.16874, 12.955012, 12.812323 ] }, { "date": "2023-08-04", "close": 12.699364, "volume": 17039284, "typical_volume": 26023948.35, "trend": 12.683767, "fair_value": 12.626561, "relative_strength": -2.902732, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.184297, "energy": 16.360082, "activity_lines": [ 12.893938, 13.072407, 12.955173, 12.813793 ] }, { "date": "2023-08-11", "close": 12.182018, "volume": 11422224, "typical_volume": 26131885.9, "trend": 12.66888, "fair_value": 12.648147, "relative_strength": -3.602628, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -23.573845, "energy": 22.954706, "activity_lines": [ 12.618671, 12.897401, 12.903244, 12.781422 ] }, { "date": "2023-08-18", "close": 12.055123, "volume": 9062726, "typical_volume": 25958684.4, "trend": 12.667465, "fair_value": 12.660881, "relative_strength": -2.753496, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -26.650188, "energy": 31.351952, "activity_lines": [ 12.378545, 12.718853, 12.839655, 12.741825 ] }, { "date": "2023-08-25", "close": 11.811091, "volume": 9127854, "typical_volume": 25999794.35, "trend": 12.641823, "fair_value": 12.663124, "relative_strength": -2.554535, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.565659, "energy": 54.995842, "activity_lines": [ 12.13972, 12.512683, 12.7522, 12.686575 ] }, { "date": "2023-09-01", "close": 11.947748, "volume": 11278820, "typical_volume": 25860391.8, "trend": 12.616553, "fair_value": 12.669655, "relative_strength": -3.158137, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.968424, "energy": 59.141187, "activity_lines": [ 12.014125, 12.353771, 12.678296, 12.641796 ] }, { "date": "2023-09-08", "close": 11.977033, "volume": 11888583, "typical_volume": 25850332.6, "trend": 12.580673, "fair_value": 12.677823, "relative_strength": -2.133641, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.336185, "energy": 57.394647, "activity_lines": [ 11.960113, 12.23047, 12.608355, 12.600536 ] }, { "date": "2023-09-15", "close": 12.367482, "volume": 19066237, "typical_volume": 26092195.6, "trend": 12.569394, "fair_value": 12.684848, "relative_strength": 1.083428, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.578266, "energy": 41.916446, "activity_lines": [ 12.084406, 12.206155, 12.574196, 12.586782 ] }, { "date": "2023-09-22", "close": 12.016078, "volume": 7904126, "typical_volume": 26088664.65, "trend": 12.545758, "fair_value": 12.700135, "relative_strength": -2.108863, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.748918, "energy": 29.56367, "activity_lines": [ 12.0792, 12.135697, 12.505193, 12.551084 ] }, { "date": "2023-09-29", "close": 11.977033, "volume": 8606721, "typical_volume": 25583434.85, "trend": 12.51374, "fair_value": 12.719192, "relative_strength": -1.684342, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -33.28192, "energy": 27.949151, "activity_lines": [ 12.063582, 12.081389, 12.433779, 12.514392 ] }, { "date": "2023-10-13", "close": 12.465095, "volume": 24265151, "typical_volume": 25448184.3, "trend": 12.515048, "fair_value": 12.7382, "relative_strength": 3.012503, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.642675, "energy": 22.608592, "activity_lines": [ 12.199589, 12.13126, 12.411813, 12.511254 ] }, { "date": "2023-10-20", "close": 11.977033, "volume": 14668061, "typical_volume": 21883692.7, "trend": 12.510708, "fair_value": 12.757257, "relative_strength": 2.394286, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.752553, "energy": 28.499247, "activity_lines": [ 12.138419, 12.099847, 12.343958, 12.476543 ] }, { "date": "2023-10-27", "close": 11.908704, "volume": 15634539, "typical_volume": 19381576.15, "trend": 12.498619, "fair_value": 12.774754, "relative_strength": 0.681192, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.813543, "energy": 32.521814, "activity_lines": [ 12.054472, 12.069143, 12.277067, 12.437704 ] }, { "date": "2023-11-03", "close": 11.215656, "volume": 22106049, "typical_volume": 19073627.05, "trend": 12.475014, "fair_value": 12.784631, "relative_strength": -5.400623, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.935738, "energy": 50.618904, "activity_lines": [ 11.770095, 11.9174, 12.150588, 12.354933 ] }, { "date": "2023-11-10", "close": 11.293746, "volume": 18180576, "typical_volume": 18955280.2, "trend": 12.454012, "fair_value": 12.792251, "relative_strength": -4.893439, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.467365, "energy": 68.817195, "activity_lines": [ 11.565108, 11.795119, 12.039929, 12.278722 ] }, { "date": "2023-11-17", "close": 11.303508, "volume": 14493534, "typical_volume": 18417459.75, "trend": 12.424324, "fair_value": 12.803438, "relative_strength": -5.206174, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.895356, "energy": 73.177073, "activity_lines": [ 11.408929, 11.684018, 11.938534, 12.204496 ] }, { "date": "2023-11-24", "close": 11.147328, "volume": 9983800, "typical_volume": 15895972.85, "trend": 12.406487, "fair_value": 12.820308, "relative_strength": -5.998581, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.225696, "energy": 77.024508, "activity_lines": [ 11.278128, 11.556235, 11.833264, 12.122109 ] }, { "date": "2023-12-01", "close": 11.079, "volume": 7881539, "typical_volume": 15132829.55, "trend": 12.373178, "fair_value": 12.835898, "relative_strength": -6.068058, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.937573, "energy": 74.467316, "activity_lines": [ 11.179866, 11.431114, 11.73277, 12.036465 ] }, { "date": "2023-12-08", "close": 10.542131, "volume": 10843660, "typical_volume": 13899457.5, "trend": 12.314893, "fair_value": 12.848608, "relative_strength": -8.488768, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.857094, "energy": 80.938065, "activity_lines": [ 10.95796, 11.231807, 11.591929, 11.918333 ] }, { "date": "2023-12-15", "close": 11.928226, "volume": 19156820, "typical_volume": 13713837.2, "trend": 12.292512, "fair_value": 12.869362, "relative_strength": 4.542357, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.639983, "energy": 41.899412, "activity_lines": [ 11.242988, 11.311317, 11.596205, 11.893386 ] }, { "date": "2023-12-22", "close": 11.059477, "volume": 54674586, "typical_volume": 15864244.5, "trend": 12.241495, "fair_value": 12.884547, "relative_strength": -2.051654, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.429857, "energy": 40.620368, "activity_lines": [ 11.196134, 11.233759, 11.52202, 11.813836 ] }, { "date": "2023-12-29", "close": 10.942343, "volume": 21417300, "typical_volume": 16083145.3, "trend": 12.154712, "fair_value": 12.899261, "relative_strength": -4.929201, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.279492, "energy": 39.508573, "activity_lines": [ 11.126504, 11.160461, 11.445324, 11.730019 ] }, { "date": "2024-01-05", "close": 10.883775, "volume": 13774904, "typical_volume": 16200779.3, "trend": 12.075632, "fair_value": 12.916965, "relative_strength": -3.890068, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.611283, "energy": 34.501792, "activity_lines": [ 11.051017, 11.095327, 11.371418, 11.648023 ] }, { "date": "2024-01-12", "close": 10.913059, "volume": 11273491, "typical_volume": 16311317.55, "trend": 12.006861, "fair_value": 12.93009, "relative_strength": -1.928996, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.71607, "energy": 40.6407, "activity_lines": [ 10.998307, 11.054153, 11.306483, 11.573019 ] }, { "date": "2024-01-19", "close": 10.093115, "volume": 10838576, "typical_volume": 16396853.65, "trend": 11.908506, "fair_value": 12.930761, "relative_strength": -7.505171, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.698768, "energy": 64.506667, "activity_lines": [ 10.647553, 10.869399, 11.168896, 11.449551 ] }, { "date": "2024-01-26", "close": 10.13216, "volume": 12888630, "typical_volume": 16477344.15, "trend": 11.792464, "fair_value": 12.935515, "relative_strength": -9.496666, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.154157, "energy": 72.337165, "activity_lines": [ 10.432155, 10.713575, 11.043208, 11.334948 ] }, { "date": "2024-02-02", "close": 8.970572, "volume": 12111590, "typical_volume": 16488494.5, "trend": 11.640921, "fair_value": 12.93301, "relative_strength": -14.34434, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.069948, "energy": 88.921422, "activity_lines": [ 9.891383, 10.367849, 10.815539, 11.152891 ] }, { "date": "2024-02-09", "close": 9.722188, "volume": 18231026, "typical_volume": 16446733.95, "trend": 11.520207, "fair_value": 12.940043, "relative_strength": -11.342069, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.10434, "energy": 77.840851, "activity_lines": [ 9.7326, 10.198359, 10.673769, 11.029102 ] }, { "date": "2024-02-23", "close": 9.956457, "volume": 13648076, "typical_volume": 16733931.45, "trend": 11.408929, "fair_value": 12.949138, "relative_strength": -13.103756, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.346422, "energy": 66.349982, "activity_lines": [ 9.729346, 10.096132, 10.566906, 10.928215 ] }, { "date": "2024-03-01", "close": 9.927174, "volume": 14845284, "typical_volume": 17045859.6, "trend": 11.312293, "fair_value": 12.958046, "relative_strength": -13.705112, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.561083, "energy": 50.69722, "activity_lines": [ 9.780104, 9.999229, 10.467063, 10.832617 ] }, { "date": "2024-03-08", "close": 10.093115, "volume": 21546859, "typical_volume": 16909945.0, "trend": 11.219561, "fair_value": 12.97629, "relative_strength": -12.552628, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.413364, "energy": 38.498747, "activity_lines": [ 9.897239, 9.968881, 10.392785, 10.753961 ] }, { "date": "2024-03-15", "close": 10.229772, "volume": 14913557, "typical_volume": 16922219.8, "trend": 11.137241, "fair_value": 12.994662, "relative_strength": -11.37662, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.213466, "energy": 27.084591, "activity_lines": [ 10.06253, 9.980949, 10.342816, 10.690103 ] }, { "date": "2024-03-22", "close": 10.171205, "volume": 11505844, "typical_volume": 16715785.05, "trend": 11.070214, "fair_value": 13.009808, "relative_strength": -11.463377, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.309367, "energy": 23.961696, "activity_lines": [ 10.124351, 9.995325, 10.295591, 10.627779 ] }, { "date": "2024-03-29", "close": 10.044309, "volume": 9067658, "typical_volume": 16063865.5, "trend": 11.003187, "fair_value": 13.022925, "relative_strength": -12.181497, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.023502, "energy": 21.783339, "activity_lines": [ 10.113939, 9.999585, 10.244553, 10.561591 ] }, { "date": "2024-04-05", "close": 10.229772, "volume": 6752899, "typical_volume": 15492481.65, "trend": 10.950476, "fair_value": 13.036297, "relative_strength": -11.186753, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.941657, "energy": 18.849116, "activity_lines": [ 10.159491, 10.05336, 10.216757, 10.511693 ] }, { "date": "2024-04-12", "close": 10.385953, "volume": 27532583, "typical_volume": 16144434.1, "trend": 10.898417, "fair_value": 13.047819, "relative_strength": -8.247289, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.101513, "energy": 15.476156, "activity_lines": [ 10.236931, 10.133047, 10.208902, 10.475272 ] }, { "date": "2024-04-19", "close": 10.05407, "volume": 16886646, "typical_volume": 16489576.4, "trend": 10.834318, "fair_value": 13.052913, "relative_strength": -12.369675, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.346416, "energy": 16.965423, "activity_lines": [ 10.18422, 10.147778, 10.173808, 10.420798 ] }, { "date": "2024-04-26", "close": 10.922819, "volume": 39078477, "typical_volume": 18049423.3, "trend": 10.786162, "fair_value": 13.059604, "relative_strength": -5.461647, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.023691, "energy": 7.232488, "activity_lines": [ 10.432806, 10.300763, 10.226658, 10.426508 ] }, { "date": "2024-05-03", "close": 10.942343, "volume": 17639502, "typical_volume": 18389215.4, "trend": 10.750371, "fair_value": 13.056232, "relative_strength": -5.779469, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.312357, "energy": 14.236971, "activity_lines": [ 10.637792, 10.435468, 10.282111, 10.436584 ] }, { "date": "2024-05-10", "close": 11.723241, "volume": 45881152, "typical_volume": 19725432.0, "trend": 10.741912, "fair_value": 13.064408, "relative_strength": -0.688323, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 40.169897, "energy": 53.644982, "activity_lines": [ 11.043208, 10.69423, 10.41003, 10.49935 ] }, { "date": "2024-05-17", "close": 13.353367, "volume": 168033235, "typical_volume": 25393364.45, "trend": 10.771521, "fair_value": 13.088081, "relative_strength": 12.822103, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 63.966212, "energy": 78.971976, "activity_lines": [ 11.892436, 11.216722, 10.694175, 10.667831 ] }, { "date": "2024-05-24", "close": 12.943395, "volume": 121760941, "typical_volume": 30410546.5, "trend": 10.803733, "fair_value": 13.11109, "relative_strength": 11.470772, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 79.848668, "energy": 87.748577, "activity_lines": [ 12.407178, 11.605396, 10.928351, 10.807952 ] }, { "date": "2024-05-31", "close": 12.43581, "volume": 67229524, "typical_volume": 33083277.5, "trend": 10.821303, "fair_value": 13.134677, "relative_strength": 7.064285, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.083737, "energy": 83.614545, "activity_lines": [ 12.560104, 11.852444, 11.104658, 10.913247 ] }, { "date": "2024-06-07", "close": 12.064883, "volume": 37024262, "typical_volume": 34370816.05, "trend": 10.84961, "fair_value": 13.153596, "relative_strength": 5.221672, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.10552, "energy": 78.977755, "activity_lines": [ 12.488521, 11.990876, 11.238247, 10.993478 ] }, { "date": "2024-06-14", "close": 11.967272, "volume": 25631704, "typical_volume": 35110472.45, "trend": 10.872061, "fair_value": 13.169225, "relative_strength": 5.096976, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.712701, "energy": 50.881634, "activity_lines": [ 12.309565, 12.074823, 11.357055, 11.065586 ] }, { "date": "2024-06-21", "close": 11.674435, "volume": 27790225, "typical_volume": 35855552.2, "trend": 10.884426, "fair_value": 13.180033, "relative_strength": 3.769584, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.421117, "energy": 32.282571, "activity_lines": [ 12.016728, 12.073935, 11.439049, 11.117352 ] }, { "date": "2024-06-28", "close": 11.487351, "volume": 24634167, "typical_volume": 36481681.05, "trend": 10.89576, "fair_value": 13.192679, "relative_strength": 3.224374, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.774403, "energy": 21.691382, "activity_lines": [ 11.773459, 12.015606, 11.495882, 11.15625 ] }, { "date": "2024-07-05", "close": 11.46758, "volume": 19183450, "typical_volume": 36529302.25, "trend": 10.908712, "fair_value": 13.203891, "relative_strength": 3.853792, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.62926, "energy": 22.155543, "activity_lines": [ 11.620669, 11.927622, 11.538847, 11.193142 ] }, { "date": "2024-07-12", "close": 11.368721, "volume": 20907255, "typical_volume": 36892261.2, "trend": 10.936265, "fair_value": 13.213954, "relative_strength": 2.426207, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.263354, "energy": 22.095857, "activity_lines": [ 11.499475, 11.811759, 11.564086, 11.22282 ] }, { "date": "2024-07-19", "close": 11.022717, "volume": 16662828, "typical_volume": 36983138.4, "trend": 10.906082, "fair_value": 13.226333, "relative_strength": -0.813663, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.843377, "energy": 18.140527, "activity_lines": [ 11.309356, 11.625234, 11.549647, 11.228397 ] }, { "date": "2024-07-26", "close": 11.121575, "volume": 19794063, "typical_volume": 36895498.6, "trend": 10.908152, "fair_value": 13.238656, "relative_strength": 3.378621, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.296875, "energy": 14.769246, "activity_lines": [ 11.215161, 11.469419, 11.539405, 11.2423 ] }, { "date": "2024-08-02", "close": 10.805228, "volume": 20849012, "typical_volume": 37192271.35, "trend": 10.903581, "fair_value": 13.246444, "relative_strength": 0.109526, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.216181, "energy": 15.917882, "activity_lines": [ 11.052374, 11.296666, 11.494139, 11.23566 ] }, { "date": "2024-08-09", "close": 10.696484, "volume": 17752592, "typical_volume": 37504608.75, "trend": 10.897338, "fair_value": 13.249659, "relative_strength": 0.696477, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -5.895182, "energy": 20.949512, "activity_lines": [ 10.898814, 11.143016, 11.435775, 11.222299 ] }, { "date": "2024-08-16", "close": 10.548196, "volume": 15622950, "typical_volume": 37832373.35, "trend": 10.885176, "fair_value": 13.250409, "relative_strength": -1.192044, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -31.506447, "energy": 51.662087, "activity_lines": [ 10.747231, 10.994029, 11.360787, 11.199773 ] }, { "date": "2024-08-23", "close": 10.01436, "volume": 15086511, "typical_volume": 38249053.95, "trend": 10.882551, "fair_value": 13.246413, "relative_strength": -5.215948, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.60571, "energy": 68.185681, "activity_lines": [ 10.472404, 10.775557, 11.232559, 11.143592 ] }, { "date": "2024-08-30", "close": 8.996119, "volume": 37917508, "typical_volume": 38768300.2, "trend": 10.844683, "fair_value": 13.234093, "relative_strength": -14.184394, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -67.00139, "energy": 82.455707, "activity_lines": [ 9.925388, 10.407458, 11.008381, 11.021886 ] }, { "date": "2024-09-06", "close": 8.501826, "volume": 19119832, "typical_volume": 38879959.5, "trend": 10.829058, "fair_value": 13.216713, "relative_strength": -16.31842, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -67.638375, "energy": 87.778043, "activity_lines": [ 9.355304, 9.998184, 10.743745, 10.870734 ] }, { "date": "2024-09-13", "close": 8.304109, "volume": 13034759, "typical_volume": 37577773.6, "trend": 10.781789, "fair_value": 13.198491, "relative_strength": -16.072878, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -90.045104, "energy": 96.187331, "activity_lines": [ 8.872875, 9.607243, 10.467671, 10.707834 ] }, { "date": "2024-09-20", "close": 8.304109, "volume": 8484050, "typical_volume": 37120001.0, "trend": 10.72671, "fair_value": 13.184289, "relative_strength": -16.722478, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.648669, "energy": 93.070311, "activity_lines": [ 8.549937, 9.273821, 10.204067, 10.547984 ] }, { "date": "2024-09-27", "close": 9.411325, "volume": 28587144, "typical_volume": 36255300.6, "trend": 10.709515, "fair_value": 13.166733, "relative_strength": -15.932021, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.190887, "energy": 87.667933, "activity_lines": [ 8.745677, 9.19743, 10.058475, 10.463121 ] }, { "date": "2024-10-04", "close": 10.212077, "volume": 17044406, "typical_volume": 28705859.15, "trend": 10.713481, "fair_value": 13.145184, "relative_strength": -15.237501, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.901046, "energy": 58.326052, "activity_lines": [ 9.248537, 9.295929, 10.000155, 10.431028 ] }, { "date": "2024-10-11", "close": 9.510182, "volume": 43668597, "typical_volume": 24801241.95, "trend": 10.689494, "fair_value": 13.118757, "relative_strength": -17.758017, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.856947, "energy": 37.010985, "activity_lines": [ 9.436368, 9.283347, 9.889946, 10.353396 ] }, { "date": "2024-10-18", "close": 9.361896, "volume": 24593320, "typical_volume": 22669431.75, "trend": 10.662517, "fair_value": 13.073315, "relative_strength": -19.626657, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.927817, "energy": 29.163885, "activity_lines": [ 9.507547, 9.26735, 9.781963, 10.267744 ] }, { "date": "2024-10-25", "close": 10.123105, "volume": 38999148, "typical_volume": 22768176.05, "trend": 10.665144, "fair_value": 13.002487, "relative_strength": -13.655654, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.561873, "energy": 28.586358, "activity_lines": [ 9.761942, 9.41402, 9.761113, 10.232943 ] }, { "date": "2024-11-01", "close": 10.202191, "volume": 37902222, "typical_volume": 23381701.95, "trend": 10.664225, "fair_value": 12.938409, "relative_strength": -11.849668, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.859904, "energy": 22.440741, "activity_lines": [ 9.921434, 9.582799, 9.757043, 10.203075 ] }, { "date": "2024-11-08", "close": 10.271393, "volume": 31536225, "typical_volume": 23569001.95, "trend": 10.660406, "fair_value": 12.884611, "relative_strength": -15.553272, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.600608, "energy": 19.697474, "activity_lines": [ 10.051268, 9.760744, 9.767968, 10.177731 ] }, { "date": "2024-11-15", "close": 9.866073, "volume": 27280846, "typical_volume": 23701335.9, "trend": 10.654139, "fair_value": 12.84259, "relative_strength": -15.577441, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.334347, "energy": 17.426055, "activity_lines": [ 10.042041, 9.841808, 9.746972, 10.126484 ] }, { "date": "2024-11-22", "close": 9.866073, "volume": 23740577, "typical_volume": 23929192.25, "trend": 10.618915, "fair_value": 12.787801, "relative_strength": -13.613302, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.924561, "energy": 13.867207, "activity_lines": [ 10.009088, 9.898067, 9.733697, 10.075641 ] }, { "date": "2024-11-29", "close": 10.23185, "volume": 21964000, "typical_volume": 23982029.5, "trend": 10.595231, "fair_value": 12.718002, "relative_strength": -11.720259, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.455216, "energy": 9.684132, "activity_lines": [ 10.064449, 9.992432, 9.762884, 10.050669 ] }, { "date": "2024-12-06", "close": 10.241735, "volume": 18940206, "typical_volume": 24095898.4, "trend": 10.545848, "fair_value": 12.657393, "relative_strength": -13.340992, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.94873, "energy": 8.081696, "activity_lines": [ 10.115856, 10.053545, 9.798426, 10.027863 ] }, { "date": "2024-12-13", "close": 10.18242, "volume": 22604158, "typical_volume": 24236403.15, "trend": 10.44015, "fair_value": 12.585528, "relative_strength": -13.269743, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.746091, "energy": 9.052357, "activity_lines": [ 10.144854, 10.088774, 9.832037, 10.004416 ] }, { "date": "2024-12-20", "close": 9.915502, "volume": 22782839, "typical_volume": 24333094.5, "trend": 10.33922, "fair_value": 12.511005, "relative_strength": -14.418578, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.283969, "energy": 8.806548, "activity_lines": [ 10.090811, 10.076012, 9.844701, 9.970568 ] }, { "date": "2024-12-27", "close": 10.034132, "volume": 16801848, "typical_volume": 24285557.3, "trend": 10.259164, "fair_value": 12.446796, "relative_strength": -13.805306, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.941093, "energy": 10.333698, "activity_lines": [ 10.073017, 10.07745, 9.872899, 9.950885 ] }, { "date": "2025-01-03", "close": 9.272923, "volume": 13717717, "typical_volume": 24190295.65, "trend": 10.166099, "fair_value": 12.37364, "relative_strength": -15.287186, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.671387, "energy": 24.00107, "activity_lines": [ 9.790282, 9.928264, 9.831755, 9.887256 ] }, { "date": "2025-01-10", "close": 9.045547, "volume": 12597929, "typical_volume": 24065866.55, "trend": 10.068708, "fair_value": 12.301154, "relative_strength": -15.836627, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -66.392596, "energy": 49.519717, "activity_lines": [ 9.495683, 9.753195, 9.775029, 9.814963 ] }, { "date": "2025-01-17", "close": 9.282808, "volume": 11034535, "typical_volume": 22721717.9, "trend": 9.988987, "fair_value": 12.205079, "relative_strength": -15.137717, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.362858, "energy": 59.122342, "activity_lines": [ 9.359918, 9.642293, 9.745513, 9.764259 ] }, { "date": "2025-01-24", "close": 9.431096, "volume": 9970980, "typical_volume": 22264275.3, "trend": 9.920445, "fair_value": 12.114778, "relative_strength": -13.742032, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.097147, "energy": 59.808488, "activity_lines": [ 9.333555, 9.576328, 9.728754, 9.728266 ] }, { "date": "2025-01-31", "close": 9.529955, "volume": 2339200, "typical_volume": 21729497.35, "trend": 9.855858, "fair_value": 12.041284, "relative_strength": -12.508353, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.812303, "energy": 56.98148, "activity_lines": [ 9.37244, 9.536245, 9.716985, 9.703073 ] }, { "date": "2025-02-07", "close": 9.974817, "volume": 15501190, "typical_volume": 22080354.35, "trend": 9.809394, "fair_value": 11.995468, "relative_strength": -9.757184, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -15.859615, "energy": 12.014269, "activity_lines": [ 9.593224, 9.583158, 9.741747, 9.710748 ] }, { "date": "2025-02-14", "close": 9.895731, "volume": 13949733, "typical_volume": 21348483.8, "trend": 9.771828, "fair_value": 11.955859, "relative_strength": -11.402705, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.76398, "energy": 11.436327, "activity_lines": [ 9.740853, 9.620365, 9.751021, 9.716318 ] }, { "date": "2025-02-21", "close": 9.796872, "volume": 16530082, "typical_volume": 21322767.6, "trend": 9.727671, "fair_value": 11.91557, "relative_strength": -12.920697, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 5.224155, "energy": 13.976757, "activity_lines": [ 9.798849, 9.645888, 9.748573, 9.717934 ] }, { "date": "2025-02-28", "close": 9.618926, "volume": 13982478, "typical_volume": 19838461.65, "trend": 9.688128, "fair_value": 11.871114, "relative_strength": -12.810675, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.413709, "energy": 15.990964, "activity_lines": [ 9.76326, 9.646068, 9.731155, 9.710918 ] }, { "date": "2025-03-07", "close": 9.747442, "volume": 14945089, "typical_volume": 19356050.1, "trend": 9.656493, "fair_value": 11.82105, "relative_strength": -12.785147, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 30.307461, "energy": 16.824771, "activity_lines": [ 9.757987, 9.675006, 9.725459, 9.714745 ] }, { "date": "2025-03-14", "close": 10.024247, "volume": 20237478, "typical_volume": 18417966.6, "trend": 9.639028, "fair_value": 11.769498, "relative_strength": -11.3268, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 53.905533, "energy": 25.22975, "activity_lines": [ 9.830484, 9.759485, 9.744289, 9.738471 ] }, { "date": "2025-03-21", "close": 10.844771, "volume": 51987717, "typical_volume": 19122241.35, "trend": 9.666708, "fair_value": 11.718808, "relative_strength": -2.443476, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 78.533038, "energy": 62.450457, "activity_lines": [ 10.173193, 9.97949, 9.841735, 9.816261 ] }, { "date": "2025-03-28", "close": 11.151233, "volume": 236318396, "typical_volume": 29361349.9, "trend": 9.738546, "fair_value": 11.674432, "relative_strength": 0.703736, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.930695, "energy": 67.835662, "activity_lines": [ 10.554787, 10.222502, 9.965308, 9.912037 ] }, { "date": "2025-04-04", "close": 14.68048, "volume": 210688266, "typical_volume": 38531720.9, "trend": 9.944501, "fair_value": 11.664597, "relative_strength": 32.129301, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.71526, "energy": 93.226826, "activity_lines": [ 12.022505, 11.073224, 10.42081, 10.230871 ] }, { "date": "2025-04-11", "close": 13.177831, "volume": 276009280, "typical_volume": 51145156.05, "trend": 10.106958, "fair_value": 11.651041, "relative_strength": 21.961771, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.87016, "energy": 87.895988, "activity_lines": [ 12.651904, 11.555294, 10.710277, 10.439473 ] }, { "date": "2025-04-18", "close": 12.752739, "volume": 212971528, "typical_volume": 60695532.45, "trend": 10.255246, "fair_value": 11.643224, "relative_strength": 16.230731, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.656031, "energy": 81.665659, "activity_lines": [ 12.910913, 11.893749, 10.943489, 10.610169 ] }, { "date": "2025-04-25", "close": 13.217374, "volume": 147683602, "typical_volume": 67132702.25, "trend": 10.382114, "fair_value": 11.637298, "relative_strength": 19.469571, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.713919, "energy": 79.96651, "activity_lines": [ 13.142901, 12.266176, 11.208947, 10.801274 ] }, { "date": "2025-05-02", "close": 11.744384, "volume": 69392370, "typical_volume": 69472112.85, "trend": 10.433191, "fair_value": 11.628645, "relative_strength": 6.639358, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.482515, "energy": 47.384143, "activity_lines": [ 12.725718, 12.310393, 11.319951, 10.889162 ] }, { "date": "2025-05-09", "close": 11.942101, "volume": 55017148, "typical_volume": 71083828.3, "trend": 10.514255, "fair_value": 11.6284, "relative_strength": 6.478728, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.857056, "energy": 33.044098, "activity_lines": [ 12.334898, 12.355149, 11.442347, 10.986511 ] }, { "date": "2025-05-16", "close": 12.011301, "volume": 90553155, "typical_volume": 74771393.65, "trend": 10.602568, "fair_value": 11.628882, "relative_strength": 6.693664, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.973146, "energy": 25.954502, "activity_lines": [ 12.149703, 12.370247, 11.561684, 11.083095 ] }, { "date": "2025-05-23", "close": 12.456164, "volume": 163604650, "typical_volume": 82265740.3, "trend": 10.680337, "fair_value": 11.638174, "relative_strength": 11.577931, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.610496, "energy": 20.65439, "activity_lines": [ 12.190565, 12.425069, 11.713973, 11.202682 ] }, { "date": "2025-05-30", "close": 14.947397, "volume": 162164468, "typical_volume": 89744067.25, "trend": 10.838511, "fair_value": 11.665801, "relative_strength": 33.592514, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 72.40994, "energy": 40.863901, "activity_lines": [ 13.081609, 12.888625, 12.088364, 11.477976 ] }, { "date": "2025-06-06", "close": 13.978584, "volume": 132205327, "typical_volume": 95802606.85, "trend": 10.962084, "fair_value": 11.681022, "relative_strength": 23.411825, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.264774, "energy": 40.870686, "activity_lines": [ 13.53438, 13.10144, 12.342383, 11.680561 ] }, { "date": "2025-06-13", "close": 13.889612, "volume": 121651739, "typical_volume": 101386644.8, "trend": 11.096202, "fair_value": 11.688815, "relative_strength": 22.812188, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.015146, "energy": 43.886243, "activity_lines": [ 13.808548, 13.246672, 12.565568, 11.869434 ] }, { "date": "2025-06-20", "close": 12.88, "volume": 57969516, "typical_volume": 104168160.6, "trend": 11.196666, "fair_value": 11.690752, "relative_strength": 14.504571, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.504466, "energy": 39.269311, "activity_lines": [ 13.616344, 13.222718, 12.671368, 11.984518 ] }, { "date": "2025-06-27", "close": 13.14, "volume": 43888030, "typical_volume": 105587502.6, "trend": 11.293604, "fair_value": 11.692369, "relative_strength": 14.64361, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.727081, "energy": 32.502377, "activity_lines": [ 13.452893, 13.251452, 12.785977, 12.109894 ] }, { "date": "2025-07-04", "close": 14.55, "volume": 122051496, "typical_volume": 110992590.75, "trend": 11.437213, "fair_value": 11.700093, "relative_strength": 24.969873, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.416848, "energy": 37.382027, "activity_lines": [ 13.713854, 13.529508, 13.0198, 12.319984 ] }, { "date": "2025-07-11", "close": 14.39, "volume": 128805107, "typical_volume": 116606342.0, "trend": 11.577466, "fair_value": 11.70594, "relative_strength": 22.071273, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.749813, "energy": 37.324728, "activity_lines": [ 13.947974, 13.754243, 13.216222, 12.510487 ] }, { "date": "2025-07-18", "close": 14.24, "volume": 61471011, "typical_volume": 118980768.65, "trend": 11.721616, "fair_value": 11.704772, "relative_strength": 19.739883, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.336023, "energy": 46.306334, "activity_lines": [ 14.104667, 13.903604, 13.376486, 12.682263 ] }, { "date": "2025-07-25", "close": 13.82, "volume": 46420847, "typical_volume": 120554556.55, "trend": 11.847811, "fair_value": 11.704034, "relative_strength": 14.295714, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.027903, "energy": 46.247092, "activity_lines": [ 14.098, 13.934821, 13.474744, 12.817643 ] }, { "date": "2025-08-01", "close": 13.45, "volume": 27686390, "typical_volume": 120927002.15, "trend": 11.987047, "fair_value": 11.704139, "relative_strength": 12.250918, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.780379, "energy": 32.856687, "activity_lines": [ 13.905333, 13.86588, 13.518372, 12.92101 ] }, { "date": "2025-08-08", "close": 13.76, "volume": 31550086, "typical_volume": 119905120.6, "trend": 12.144196, "fair_value": 11.700414, "relative_strength": 12.432297, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.21272, "energy": 23.084381, "activity_lines": [ 13.795333, 13.835233, 13.57521, 13.035394 ] }, { "date": "2025-08-15", "close": 13.48, "volume": 38274982, "typical_volume": 110002949.9, "trend": 12.284102, "fair_value": 11.691916, "relative_strength": 8.318226, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.290244, "energy": 16.514706, "activity_lines": [ 13.644667, 13.775266, 13.5915, 13.121575 ] }, { "date": "2025-08-22", "close": 13.62, "volume": 37209983, "typical_volume": 101329035.75, "trend": 12.423732, "fair_value": 11.683046, "relative_strength": 5.722052, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.664341, "energy": 15.880398, "activity_lines": [ 13.601333, 13.749818, 13.610033, 13.207762 ] }, { "date": "2025-08-29", "close": 13.1, "volume": 64628924, "typical_volume": 90760017.95, "trend": 12.542734, "fair_value": 11.682664, "relative_strength": 0.705282, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.783909, "energy": 13.968716, "activity_lines": [ 13.426, 13.634727, 13.584093, 13.251392 ] }, { "date": "2025-09-05", "close": 13.36, "volume": 36230544, "typical_volume": 81922968.75, "trend": 12.655573, "fair_value": 11.684815, "relative_strength": 3.672924, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.657735, "energy": 11.558089, "activity_lines": [ 13.385333, 13.562909, 13.583285, 13.304119 ] }, { "date": "2025-09-12", "close": 13.15, "volume": 28492050, "typical_volume": 75963391.15, "trend": 12.764049, "fair_value": 11.669714, "relative_strength": 0.325682, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.740019, "energy": 10.05781, "activity_lines": [ 13.280667, 13.448909, 13.559585, 13.336017 ] }, { "date": "2025-09-19", "close": 12.69, "volume": 22401955, "typical_volume": 73613870.4, "trend": 12.860486, "fair_value": 11.659524, "relative_strength": -2.063719, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -5.992868, "energy": 19.43486, "activity_lines": [ 13.063333, 13.276727, 13.492397, 13.33124 ] }, { "date": "2025-09-26", "close": 12.84, "volume": 21166034, "typical_volume": 71921314.7, "trend": 12.967855, "fair_value": 11.658341, "relative_strength": -1.284844, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.413003, "energy": 28.704928, "activity_lines": [ 12.948667, 13.162727, 13.434992, 13.329918 ] }, { "date": "2025-10-03", "close": 12.85, "volume": 9233234, "typical_volume": 67855318.65, "trend": 13.071274, "fair_value": 11.654376, "relative_strength": -2.735942, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.686549, "energy": 38.488199, "activity_lines": [ 12.889333, 13.076, 13.374263, 13.322315 ] }, { "date": "2025-10-10", "close": 13.21, "volume": 12571126, "typical_volume": 60303642.45, "trend": 13.177466, "fair_value": 11.65965, "relative_strength": -0.62057, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.711254, "energy": 33.91826, "activity_lines": [ 12.966667, 13.072364, 13.343826, 13.331265 ] }, { "date": "2025-10-17", "close": 12.8, "volume": 24898809, "typical_volume": 53440359.5, "trend": 13.24264, "fair_value": 11.663781, "relative_strength": -2.523245, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.421325, "energy": 32.321898, "activity_lines": [ 12.917333, 12.998545, 13.270751, 13.306912 ] }, { "date": "2025-10-24", "close": 12.8, "volume": 19593931, "typical_volume": 47809789.7, "trend": 13.297599, "fair_value": 11.670698, "relative_strength": -5.343068, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -59.167633, "energy": 38.851579, "activity_lines": [ 12.891333, 12.942182, 13.207903, 13.278355 ] }, { "date": "2025-10-31", "close": 12.76, "volume": 24259118, "typical_volume": 42940158.65, "trend": 13.233583, "fair_value": 11.673087, "relative_strength": -5.803107, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.671897, "energy": 25.85614, "activity_lines": [ 12.844667, 12.890909, 13.146857, 13.243671 ] }, { "date": "2025-11-07", "close": 13.19, "volume": 30485718, "typical_volume": 41565968.75, "trend": 13.233989, "fair_value": 11.6778, "relative_strength": -3.845503, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -15.479466, "energy": 16.377845, "activity_lines": [ 12.946667, 12.933455, 13.132143, 13.240859 ] }, { "date": "2025-11-14", "close": 13.04, "volume": 20819220, "typical_volume": 40412528.25, "trend": 13.243564, "fair_value": 11.68774, "relative_strength": -4.93355, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.897463, "energy": 21.514287, "activity_lines": [ 12.976, 12.947091, 13.101667, 13.228344 ] }, { "date": "2025-11-21", "close": 11.88, "volume": 26161805, "typical_volume": 35618043.7, "trend": 13.198985, "fair_value": 11.687459, "relative_strength": -9.91557, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -77.727794, "energy": 50.087512, "activity_lines": [ 12.63, 12.755636, 12.96119, 13.140372 ] }, { "date": "2025-11-28", "close": 12.02, "volume": 12744797, "typical_volume": 29815028.2, "trend": 13.208172, "fair_value": 11.687457, "relative_strength": -10.120408, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.043887, "energy": 68.877976, "activity_lines": [ 12.392, 12.612727, 12.846762, 13.064308 ] }, { "date": "2025-12-05", "close": 12.1, "volume": 10235880, "typical_volume": 27253271.65, "trend": 13.213435, "fair_value": 11.683078, "relative_strength": -9.897867, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.506505, "energy": 77.327393, "activity_lines": [ 12.232667, 12.496545, 12.751238, 12.992813 ] }, { "date": "2025-12-12", "close": 11.99, "volume": 11261560, "typical_volume": 25495307.3, "trend": 13.212725, "fair_value": 11.677809, "relative_strength": -10.448373, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.464664, "energy": 82.133344, "activity_lines": [ 12.080667, 12.373818, 12.655429, 12.913882 ] }, { "date": "2025-12-19", "close": 11.82, "volume": 12911183, "typical_volume": 24756546.95, "trend": 13.19152, "fair_value": 11.669655, "relative_strength": -11.789525, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.637435, "energy": 82.755781, "activity_lines": [ 11.952, 12.235818, 12.552143, 12.824029 ] }, { "date": "2025-12-26", "close": 11.92, "volume": 9980686, "typical_volume": 23678076.95, "trend": 13.090607, "fair_value": 11.663998, "relative_strength": -12.714161, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.781387, "energy": 77.21483, "activity_lines": [ 11.938, 12.141273, 12.466143, 12.741995 ] }, { "date": "2026-01-02", "close": 11.86, "volume": 6653468, "typical_volume": 22097001.25, "trend": 13.019987, "fair_value": 11.660185, "relative_strength": -13.315228, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.690068, "energy": 68.582782, "activity_lines": [ 11.901333, 12.051818, 12.38319, 12.662601 ] }, { "date": "2026-01-09", "close": 12.31, "volume": 18162554, "typical_volume": 21144629.8, "trend": 12.967333, "fair_value": 11.663651, "relative_strength": -13.400337, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.727369, "energy": 48.076089, "activity_lines": [ 12.025333, 12.061273, 12.35081, 12.616796 ] }, { "date": "2026-01-16", "close": 12.46, "volume": 32577855, "typical_volume": 19542076.35, "trend": 12.953333, "fair_value": 11.663499, "relative_strength": -12.034894, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.260629, "energy": 31.111584, "activity_lines": [ 12.185333, 12.106182, 12.338952, 12.584065 ] }, { "date": "2026-01-23", "close": 12.82, "volume": 26769981, "typical_volume": 19069048.2, "trend": 12.942667, "fair_value": 11.664725, "relative_strength": -10.342677, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.035646, "energy": 19.034918, "activity_lines": [ 12.434, 12.229818, 12.364429, 12.575462 ] }, { "date": "2026-01-30", "close": 12.55, "volume": 22314432, "typical_volume": 18760167.3, "trend": 12.876, "fair_value": 11.667625, "relative_strength": -11.89948, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.3867, "energy": 24.912324, "activity_lines": [ 12.526, 12.308364, 12.366762, 12.550129 ] }, { "date": "2026-02-06", "close": 12.51, "volume": 23661604, "typical_volume": 18823149.75, "trend": 12.813333, "fair_value": 11.667175, "relative_strength": -11.077689, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.393766, "energy": 23.313574, "activity_lines": [ 12.562667, 12.367455, 12.368143, 12.526516 ] }, { "date": "2026-02-13", "close": 12.22, "volume": 25396736, "typical_volume": 19034684.85, "trend": 12.746, "fair_value": 11.66406, "relative_strength": -13.50758, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.201285, "energy": 17.531975, "activity_lines": [ 12.459333, 12.364909, 12.342762, 12.488237 ] }, { "date": "2026-02-27", "close": 13.39, "volume": 41646640, "typical_volume": 20655355.15, "trend": 12.731667, "fair_value": 11.666218, "relative_strength": -7.229635, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 37.487027, "energy": 29.994071, "activity_lines": [ 12.752, 12.572909, 12.431762, 12.529785 ] }, { "date": "2026-03-06", "close": 13.72, "volume": 65021154, "typical_volume": 23277856.55, "trend": 12.740667, "fair_value": 11.672719, "relative_strength": -4.280018, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 44.360295, "energy": 58.397902, "activity_lines": [ 13.092667, 12.815455, 12.549619, 12.593548 ] }, { "date": "2026-03-13", "close": 14.87, "volume": 135151748, "typical_volume": 28790503.5, "trend": 12.777667, "fair_value": 11.686468, "relative_strength": 4.044941, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 59.895668, "energy": 74.357285, "activity_lines": [ 13.756667, 13.232545, 12.774571, 12.730925 ] }, { "date": "2026-03-20", "close": 16.559999, "volume": 237038464, "typical_volume": 39662730.15, "trend": 12.880333, "fair_value": 11.709688, "relative_strength": 19.099579, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 91.800481, "energy": 93.287366, "activity_lines": [ 14.829333, 13.903273, 13.150619, 12.974946 ] }, { "date": "2026-03-27", "close": 16.35, "volume": 290571658, "typical_volume": 52978357.15, "trend": 12.971333, "fair_value": 11.734843, "relative_strength": 18.273165, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.960463, "energy": 87.889179, "activity_lines": [ 15.562, 14.450363, 13.488762, 13.198796 ] }, { "date": "2026-04-03", "close": 13.53, "volume": 129240571, "typical_volume": 57916099.8, "trend": 12.985667, "fair_value": 11.743963, "relative_strength": -1.363719, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.049532, "energy": 61.582433, "activity_lines": [ 15.079333, 14.411273, 13.541238, 13.234839 ] }, { "date": "2026-04-10", "close": 13.48, "volume": 54395677, "typical_volume": 59594922.65, "trend": 12.989667, "fair_value": 11.751711, "relative_strength": -3.815581, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.569288, "energy": 43.203109, "activity_lines": [ 14.570667, 14.343636, 13.587333, 13.266731 ] }, { "date": "2026-04-17", "close": 13.966411, "volume": 91671163, "typical_volume": 62870390.55, "trend": 13.01688, "fair_value": 11.764805, "relative_strength": -1.613804, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.174436, "energy": 24.236928, "activity_lines": [ 14.240137, 14.352438, 13.677658, 13.329747 ] }, { "date": "2026-04-24", "close": 15.084911, "volume": 185549729, "typical_volume": 71510637.15, "trend": 13.096711, "fair_value": 11.785068, "relative_strength": 5.636586, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.424916, "energy": 23.931504, "activity_lines": [ 14.34268, 14.538851, 13.864571, 13.463168 ] }, { "date": "2026-05-01", "close": 14.580101, "volume": 88565544, "typical_volume": 75427120.35, "trend": 13.154714, "fair_value": 11.800363, "relative_strength": 1.560376, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.002914, "energy": 19.299356, "activity_lines": [ 14.375292, 14.586664, 13.988813, 13.558871 ] }, { "date": "2026-05-08", "close": 15.26308, "volume": 60763100, "typical_volume": 77902197.35, "trend": 13.23515, "fair_value": 11.823316, "relative_strength": 4.553224, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.057594, "energy": 31.430461, "activity_lines": [ 14.753557, 14.715743, 14.16629, 13.694894 ] }, { "date": "2026-05-15", "close": 14.787964, "volume": 150541180, "typical_volume": 84783697.2, "trend": 13.287749, "fair_value": 11.840685, "relative_strength": 2.388789, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.06925, "energy": 30.032048, "activity_lines": [ 14.857912, 14.724382, 14.282932, 13.795076 ] }, { "date": "2026-05-22", "close": 17.509979, "volume": 216014995, "typical_volume": 95085412.65, "trend": 13.444748, "fair_value": 11.874142, "relative_strength": 21.436711, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.584591, "energy": 50.740233, "activity_lines": [ 15.782407, 15.208515, 14.64468, 14.067478 ] }, { "date": "2026-05-29", "close": 17.589165, "volume": 230011804, "typical_volume": 106253329.45, "trend": 13.604387, "fair_value": 11.906126, "relative_strength": 22.908385, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.331895, "energy": 61.16408, "activity_lines": [ 16.49706, 15.659046, 14.987351, 14.33486 ] }, { "date": "2026-06-05", "close": 15.1542, "volume": 27597619, "typical_volume": 106725082.7, "trend": 13.684194, "fair_value": 11.922564, "relative_strength": 7.379642, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.745938, "energy": 44.237019, "activity_lines": [ 16.233107, 15.648144, 15.070838, 14.434848 ] }, { "date": "2026-06-12", "close": 14.451425, "volume": 15383296, "typical_volume": 105865354.75, "trend": 13.726241, "fair_value": 11.928369, "relative_strength": 2.610641, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.324627, "energy": 31.950342, "activity_lines": [ 15.696623, 15.531207, 15.073851, 14.484346 ] }, { "date": "2026-06-19", "close": 13.52, "volume": 64326513, "typical_volume": 107743181.35, "trend": 13.742241, "fair_value": 11.93006, "relative_strength": -4.964125, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 19.170351, "energy": 10.32773, "activity_lines": [ 14.903774, 15.228166, 14.978674, 14.471041 ] }, { "date": "2026-06-26", "close": 12.73, "volume": 16272280, "typical_volume": 107441073.75, "trend": 13.770575, "fair_value": 11.928482, "relative_strength": -8.773414, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -6.837899, "energy": 19.926459, "activity_lines": [ 13.932123, 14.780762, 14.804925, 14.405735 ] }, { "date": "2026-07-03", "close": 12.7, "volume": 7195734, "typical_volume": 106617780.25, "trend": 13.793241, "fair_value": 11.926278, "relative_strength": -9.005213, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.929947, "energy": 38.855794, "activity_lines": [ 13.269137, 14.350383, 14.627462, 14.336665 ] }, { "date": "2026-07-10", "close": 11.73, "volume": 39124358, "typical_volume": 107304161.35, "trend": 13.780908, "fair_value": 11.914205, "relative_strength": -14.35779, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.602718, "energy": 57.806905, "activity_lines": [ 12.608762, 13.787003, 14.356713, 14.203553 ] }, { "date": "2026-07-17", "close": 11.57, "volume": 47272321, "typical_volume": 107585445.4, "trend": 13.766908, "fair_value": 11.901725, "relative_strength": -9.800193, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.572615, "energy": 62.012688, "activity_lines": [ 12.123333, 13.246352, 14.07306, 14.060914 ] }, { "date": "2026-07-24", "close": 11.69, "volume": 102862801, "typical_volume": 109477527.75, "trend": 13.762574, "fair_value": 11.891125, "relative_strength": -9.568413, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.937046, "energy": 63.9904, "activity_lines": [ 11.87, 12.794666, 13.809501, 13.92692 ] }, { "date": "2026-07-31", "close": 12.12, "volume": 42387669, "typical_volume": 104839323.8, "trend": 13.769241, "fair_value": 11.883594, "relative_strength": -6.320883, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.321869, "energy": 55.466736, "activity_lines": [ 11.882, 12.477488, 13.596562, 13.820947 ] }, { "date": "2026-08-07", "close": 12.08, "volume": 39179853, "typical_volume": 94946393.25, "trend": 13.776575, "fair_value": 11.878811, "relative_strength": -8.81416, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -60.606468, "energy": 52.32525, "activity_lines": [ 11.921333, 12.251037, 13.392909, 13.711964 ] } ], "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." } } }