{ "ticker": { "uuid": "2a427836-a50d-41ad-a39b-ae811731e81c", "symbol": "2501", "name": "Cathay Real Estate Development 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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 53.839, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 14.211, "architecture_energy": 11.36, "architecture_maturity": 13.967, "architecture_confidence": 65.28, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 56.64, "rotation_up": 25.17, "upward_expansion": 41.87, "deceleration": 76.94, "rotation_down": 32.64, "downward_expansion": 33.54 }, "activity_lines": [ 22.423333, 22.670905, 22.711402, 22.572415 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 22.85, "trend_reference": 22.299354, "distance_from_trend": 0.024693, "trend_direction": "Improving", "fair_value": 20.766326, "distance_from_fair_value": 0.100339, "fair_value_direction": "Improving", "relative_strength": -25.952865, "relative_strength_direction": "Improving", "price_momentum": 0.094527, "excess_performance": -0.346845, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.024693, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.02297, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.100339, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.05226, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.259529, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.056405, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.094527, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.300192, "read": "Demand-led" } ], "volume": { "latest": 9371183, "relative_activity": 0.466709, "balance": 2.300192, "dry_up": 0.548509, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.066433, "annualized_volatility": 0.328367, "from_high_reference": -0.152127, "from_low_reference": 0.231693 }, "levels": { "trend_reference": 22.299354, "fair_value_reference": 20.766326, "structural_low": 20.164893, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 12, "median_return": 0.019431, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.016407, "regime_survival": 0.25, "best_return": 0.217687, "worst_return": -0.111562, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.008228, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": -0.035359, "regime_survival": 0.142857, "best_return": 0.21865, "worst_return": -0.206897, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.003007, "positive_rate": 0.8, "directional_follow_through": 0.8, "median_excess_return": -0.126736, "regime_survival": 0.2, "best_return": 1.315112, "worst_return": -0.041756, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.022506, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.045544, "regime_survival": 0.333333, "best_return": 0.147209, "worst_return": -0.100602, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-09-13", "end": "2024-10-04", "tenure": "New", "return": -0.036609, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-10-11", "end": "2025-02-28", "tenure": "Established", "return": -0.01002, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-07", "end": "2025-03-28", "tenure": "New", "return": -0.089249, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-04", "end": "2025-08-01", "tenure": "Established", "return": -0.089956, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-08", "end": "2025-08-22", "tenure": "New", "return": 0.034483, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-29", "end": "2025-09-19", "tenure": "New", "return": 0.063981, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-26", "end": "2025-11-14", "tenure": "Developing", "return": -0.030501, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-21", "end": "2025-12-26", "tenure": "Developing", "return": 0.130024, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-02", "end": "2026-01-30", "tenure": "Developing", "return": -0.051502, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-06", "end": "2026-04-17", "tenure": "Developing", "return": 0.111364, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-05-15", "tenure": "New", "return": -0.136719, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-22", "end": "2026-06-12", "tenure": "New", "return": 0.201814, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-19", "end": "2026-07-17", "tenure": "Developing", "return": -0.120842, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-24", "end": "2026-08-14", "tenure": "New", "return": 0.004396, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 13.504165, "volume": 3093065, "typical_volume": 3681702.4, "trend": 13.982332, "fair_value": 14.746362, "relative_strength": -9.400916, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.719224, "energy": 56.150964, "activity_lines": [ 13.626137, 13.665568, 13.756001, 13.8832 ] }, { "date": "2023-08-18", "close": 13.068546, "volume": 6414914, "typical_volume": 3929895.1, "trend": 13.964817, "fair_value": 14.737674, "relative_strength": -10.882303, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.426904, "energy": 78.725236, "activity_lines": [ 13.425753, 13.551637, 13.676615, 13.824246 ] }, { "date": "2023-08-25", "close": 12.981423, "volume": 2497894, "typical_volume": 4011368.15, "trend": 13.945806, "fair_value": 14.727436, "relative_strength": -11.752549, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.627532, "energy": 89.092204, "activity_lines": [ 13.248602, 13.435258, 13.595455, 13.760802 ] }, { "date": "2023-09-01", "close": 13.286356, "volume": 2126065, "typical_volume": 3975999.0, "trend": 13.924294, "fair_value": 14.717914, "relative_strength": -10.266218, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.219142, "energy": 81.417509, "activity_lines": [ 13.216657, 13.386993, 13.550474, 13.718256 ] }, { "date": "2023-09-08", "close": 13.155671, "volume": 2848761, "typical_volume": 3904744.35, "trend": 13.895611, "fair_value": 14.70681, "relative_strength": -10.433129, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.238984, "energy": 80.838414, "activity_lines": [ 13.167287, 13.32363, 13.498935, 13.668668 ] }, { "date": "2023-09-15", "close": 13.286356, "volume": 1748945, "typical_volume": 3808915.3, "trend": 13.868471, "fair_value": 14.694809, "relative_strength": -11.019548, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.862569, "energy": 59.617278, "activity_lines": [ 13.196328, 13.295068, 13.465347, 13.629361 ] }, { "date": "2023-09-22", "close": 13.112108, "volume": 3206302, "typical_volume": 3773544.85, "trend": 13.818634, "fair_value": 14.68169, "relative_strength": -8.759231, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.245591, "energy": 49.983818, "activity_lines": [ 13.181807, 13.240418, 13.419845, 13.580563 ] }, { "date": "2023-09-29", "close": 13.112108, "volume": 2237737, "typical_volume": 3697893.8, "trend": 13.77302, "fair_value": 14.666093, "relative_strength": -8.434408, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.192682, "energy": 47.713, "activity_lines": [ 13.164383, 13.199232, 13.378648, 13.534981 ] }, { "date": "2023-10-06", "close": 13.068546, "volume": 3432025, "typical_volume": 3603938.95, "trend": 13.728768, "fair_value": 14.648977, "relative_strength": -9.224743, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.414709, "energy": 47.484221, "activity_lines": [ 13.123725, 13.15963, 13.336201, 13.489531 ] }, { "date": "2023-10-13", "close": 13.37348, "volume": 5095790, "typical_volume": 3730315.65, "trend": 13.700309, "fair_value": 14.639022, "relative_strength": -8.205053, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.619632, "energy": 35.879446, "activity_lines": [ 13.199232, 13.18656, 13.326301, 13.466609 ] }, { "date": "2023-10-20", "close": 13.155671, "volume": 8515318, "typical_volume": 3953685.8, "trend": 13.65474, "fair_value": 14.627174, "relative_strength": -7.419056, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.99907, "energy": 31.552445, "activity_lines": [ 13.187616, 13.179431, 13.297512, 13.431471 ] }, { "date": "2023-10-27", "close": 13.242793, "volume": 2931146, "typical_volume": 3848694.95, "trend": 13.614889, "fair_value": 14.614398, "relative_strength": -4.711248, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.78916, "energy": 25.107179, "activity_lines": [ 13.213753, 13.19448, 13.279912, 13.404894 ] }, { "date": "2023-11-03", "close": 13.37348, "volume": 3143950, "typical_volume": 3694316.65, "trend": 13.577987, "fair_value": 14.605434, "relative_strength": -5.628342, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.83704, "energy": 18.271918, "activity_lines": [ 13.274739, 13.230121, 13.277436, 13.389319 ] }, { "date": "2023-11-10", "close": 13.460603, "volume": 4749516, "typical_volume": 3820203.75, "trend": 13.542582, "fair_value": 14.595541, "relative_strength": -5.722369, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.119024, "energy": 13.606807, "activity_lines": [ 13.347342, 13.274475, 13.284709, 13.381746 ] }, { "date": "2023-11-17", "close": 13.547727, "volume": 5512145, "typical_volume": 3918015.35, "trend": 13.517117, "fair_value": 14.587942, "relative_strength": -7.802987, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.114231, "energy": 12.461003, "activity_lines": [ 13.42285, 13.331502, 13.301719, 13.382078 ] }, { "date": "2023-11-24", "close": 13.983344, "volume": 12926143, "typical_volume": 4286716.6, "trend": 13.50758, "fair_value": 14.581648, "relative_strength": -5.13929, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 39.284232, "energy": 43.34523, "activity_lines": [ 13.631946, 13.460603, 13.361241, 13.412157 ] }, { "date": "2023-12-01", "close": 13.939782, "volume": 8661944, "typical_volume": 4482394.45, "trend": 13.505034, "fair_value": 14.572596, "relative_strength": -6.088871, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 37.013375, "energy": 58.831924, "activity_lines": [ 13.771344, 13.569111, 13.414759, 13.440042 ] }, { "date": "2023-12-08", "close": 14.114031, "volume": 9760887, "typical_volume": 4798491.15, "trend": 13.518147, "fair_value": 14.563669, "relative_strength": -4.48929, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 51.262053, "energy": 70.570316, "activity_lines": [ 13.922358, 13.694253, 13.484458, 13.479332 ] }, { "date": "2023-12-15", "close": 15.159513, "volume": 25303835, "typical_volume": 5865070.2, "trend": 13.563296, "fair_value": 14.558718, "relative_strength": 0.94383, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 96.128745, "energy": 94.335631, "activity_lines": [ 14.372497, 13.991265, 13.651445, 13.585226 ] }, { "date": "2023-12-22", "close": 14.767459, "volume": 19126242, "typical_volume": 6666631.2, "trend": 13.596783, "fair_value": 14.551501, "relative_strength": -1.103817, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.974037, "energy": 89.713357, "activity_lines": [ 14.57869, 14.178977, 13.774041, 13.662914 ] }, { "date": "2023-12-29", "close": 15.812941, "volume": 11401732, "typical_volume": 7082064.55, "trend": 13.665119, "fair_value": 14.552721, "relative_strength": 3.964996, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.585365, "energy": 96.994879, "activity_lines": [ 15.052062, 14.531432, 13.99102, 13.805892 ] }, { "date": "2024-01-05", "close": 16.379244, "volume": 14672694, "typical_volume": 7494953.55, "trend": 13.750925, "fair_value": 14.559058, "relative_strength": 10.158416, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.715817, "energy": 97.705987, "activity_lines": [ 15.592228, 14.938537, 14.250939, 13.980997 ] }, { "date": "2024-01-12", "close": 15.812941, "volume": 13047173, "typical_volume": 8022417.5, "trend": 13.822076, "fair_value": 14.563005, "relative_strength": 6.484357, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.039864, "energy": 88.877626, "activity_lines": [ 15.780996, 15.185651, 14.441159, 14.11403 ] }, { "date": "2024-01-19", "close": 15.595132, "volume": 11597199, "typical_volume": 8495974.2, "trend": 13.883152, "fair_value": 14.564317, "relative_strength": 4.098382, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.106899, "energy": 85.163259, "activity_lines": [ 15.7839, 15.34881, 14.597151, 14.228421 ] }, { "date": "2024-01-26", "close": 16.292122, "volume": 7278799, "typical_volume": 8717476.1, "trend": 13.967462, "fair_value": 14.570343, "relative_strength": 6.861362, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.231718, "energy": 77.424085, "activity_lines": [ 15.990093, 15.599884, 14.80853, 14.383838 ] }, { "date": "2024-02-02", "close": 16.466368, "volume": 11517348, "typical_volume": 9205896.25, "trend": 14.063208, "fair_value": 14.578727, "relative_strength": 7.570091, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.076868, "energy": 68.957791, "activity_lines": [ 16.152723, 15.832742, 15.021568, 14.545058 ] }, { "date": "2024-02-09", "close": 16.553492, "volume": 1112997, "typical_volume": 9101231.0, "trend": 14.153236, "fair_value": 14.5899, "relative_strength": 7.885298, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.982045, "energy": 68.102375, "activity_lines": [ 16.300834, 16.036294, 15.227761, 14.705721 ] }, { "date": "2024-02-16", "close": 16.509932, "volume": 4082116, "typical_volume": 9193449.95, "trend": 14.249072, "fair_value": 14.603272, "relative_strength": 4.701466, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.241687, "energy": 66.582389, "activity_lines": [ 16.422807, 16.184405, 15.413417, 14.857766 ] }, { "date": "2024-02-23", "close": 16.292122, "volume": 6249956, "typical_volume": 9334346.5, "trend": 14.336196, "fair_value": 14.614009, "relative_strength": 1.962335, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.981568, "energy": 63.535324, "activity_lines": [ 16.425711, 16.249352, 15.56215, 14.989576 ] }, { "date": "2024-03-01", "close": 15.987188, "volume": 6414841, "typical_volume": 9400299.05, "trend": 14.413155, "fair_value": 14.621056, "relative_strength": -0.003293, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.805013, "energy": 55.717422, "activity_lines": [ 16.280505, 16.238263, 15.666491, 15.096092 ] }, { "date": "2024-03-08", "close": 15.900064, "volume": 7422022, "typical_volume": 9345634.25, "trend": 14.493018, "fair_value": 14.626553, "relative_strength": -4.549051, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.814523, "energy": 42.321198, "activity_lines": [ 16.126586, 16.189157, 15.750088, 15.192021 ] }, { "date": "2024-03-15", "close": 17.686098, "volume": 20597293, "typical_volume": 10228941.6, "trend": 14.646937, "fair_value": 14.643498, "relative_strength": 6.781403, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.116353, "energy": 59.537318, "activity_lines": [ 16.605766, 16.4632, 15.990715, 15.398027 ] }, { "date": "2024-03-22", "close": 18.034594, "volume": 17800097, "typical_volume": 10961748.95, "trend": 14.815376, "fair_value": 14.661439, "relative_strength": 5.997697, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.182419, "energy": 68.816796, "activity_lines": [ 17.125603, 16.776845, 16.243373, 15.616585 ] }, { "date": "2024-03-29", "close": 18.688023, "volume": 17694835, "typical_volume": 11609014.9, "trend": 14.995431, "fair_value": 14.687038, "relative_strength": 9.453499, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.75047, "energy": 93.503147, "activity_lines": [ 17.761607, 17.168902, 16.536067, 15.866433 ] }, { "date": "2024-04-05", "close": 18.775145, "volume": 14475094, "typical_volume": 12057162.35, "trend": 15.182747, "fair_value": 14.710221, "relative_strength": 9.708393, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.634968, "energy": 93.377147, "activity_lines": [ 18.266924, 17.520565, 16.812166, 16.110286 ] }, { "date": "2024-04-12", "close": 25.352982, "volume": 150084891, "typical_volume": 18915099.75, "trend": 15.584968, "fair_value": 14.774579, "relative_strength": 44.269081, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 98.193356, "energy": 98.88381, "activity_lines": [ 20.77899, 19.023052, 17.689834, 16.76643 ] }, { "date": "2024-04-19", "close": 26.049969, "volume": 150811600, "typical_volume": 26022582.55, "trend": 16.01623, "fair_value": 14.841669, "relative_strength": 55.941553, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 98.127221, "energy": 99.136446, "activity_lines": [ 22.89319, 20.490689, 18.579739, 17.441591 ] }, { "date": "2024-04-26", "close": 32.932735, "volume": 355328718, "typical_volume": 43300974.1, "trend": 16.676917, "fair_value": 14.948913, "relative_strength": 88.278448, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 99.602922, "energy": 99.731853, "activity_lines": [ 26.744054, 23.037075, 20.067479, 18.532979 ] }, { "date": "2024-05-03", "close": 35.285076, "volume": 426220278, "typical_volume": 63346796.25, "trend": 17.417468, "fair_value": 15.068509, "relative_strength": 96.008887, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 98.372729, "energy": 99.393841, "activity_lines": [ 30.385822, 25.712563, 21.689638, 19.733505 ] }, { "date": "2024-05-10", "close": 30.406153, "volume": 211354819, "typical_volume": 72958225.1, "trend": 17.985224, "fair_value": 15.157078, "relative_strength": 63.74511, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.607642, "energy": 87.958753, "activity_lines": [ 31.294813, 27.155648, 22.751302, 20.571485 ] }, { "date": "2024-05-17", "close": 31.36451, "volume": 111120805, "typical_volume": 77944178.75, "trend": 18.592185, "fair_value": 15.256749, "relative_strength": 62.373409, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.237124, "energy": 69.629569, "activity_lines": [ 31.747855, 28.510816, 23.829768, 21.434665 ] }, { "date": "2024-05-24", "close": 28.140936, "volume": 72994809, "typical_volume": 80860284.5, "trend": 19.08879, "fair_value": 15.340217, "relative_strength": 42.194346, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.266369, "energy": 66.520748, "activity_lines": [ 30.725604, 28.998708, 24.527172, 22.050713 ] }, { "date": "2024-05-31", "close": 30.928892, "volume": 81654154, "typical_volume": 84290633.55, "trend": 19.673971, "fair_value": 15.441309, "relative_strength": 57.072083, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.192568, "energy": 62.392495, "activity_lines": [ 30.493274, 29.803414, 25.434088, 22.814591 ] }, { "date": "2024-06-07", "close": 32.497116, "volume": 106271516, "typical_volume": 89024349.4, "trend": 20.308521, "fair_value": 15.55171, "relative_strength": 57.688555, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.440004, "energy": 61.06498, "activity_lines": [ 30.917275, 30.658809, 26.418377, 23.64189 ] }, { "date": "2024-06-14", "close": 29.317106, "volume": 69820610, "typical_volume": 92151439.95, "trend": 20.834167, "fair_value": 15.641478, "relative_strength": 36.745439, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.072418, "energy": 45.774726, "activity_lines": [ 30.467137, 30.684946, 27.019323, 24.223089 ] }, { "date": "2024-06-21", "close": 28.445871, "volume": 36423782, "typical_volume": 93396761.65, "trend": 21.316251, "fair_value": 15.725662, "relative_strength": 27.322024, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.545407, "energy": 41.568742, "activity_lines": [ 29.79919, 30.361005, 27.47527, 24.714167 ] }, { "date": "2024-06-28", "close": 26.311342, "volume": 37528533, "typical_volume": 95217538.45, "trend": 21.728637, "fair_value": 15.79641, "relative_strength": 18.121483, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.154046, "energy": 29.958524, "activity_lines": [ 28.614309, 29.592733, 27.670884, 25.036431 ] }, { "date": "2024-07-05", "close": 26.921206, "volume": 25389175, "typical_volume": 96282891.4, "trend": 22.155542, "fair_value": 15.869333, "relative_strength": 17.405639, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.383526, "energy": 23.938222, "activity_lines": [ 27.754689, 28.930594, 27.878114, 25.371435 ] }, { "date": "2024-07-12", "close": 26.3549, "volume": 27549562, "typical_volume": 97347871.7, "trend": 22.528722, "fair_value": 15.940113, "relative_strength": 12.536287, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.886519, "energy": 24.811726, "activity_lines": [ 26.97348, 28.27479, 27.981832, 25.642362 ] }, { "date": "2024-07-19", "close": 28.436699, "volume": 80496643, "typical_volume": 101051961.8, "trend": 22.984363, "fair_value": 16.022998, "relative_strength": 25.893373, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.173554, "energy": 19.206031, "activity_lines": [ 27.295685, 28.159862, 28.235899, 26.023521 ] }, { "date": "2024-07-26", "close": 28.07674, "volume": 19621548, "typical_volume": 101661938.1, "trend": 23.393157, "fair_value": 16.10308, "relative_strength": 27.328809, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.133701, "energy": 15.173887, "activity_lines": [ 27.556597, 28.015295, 28.396401, 26.352062 ] }, { "date": "2024-08-02", "close": 27.491808, "volume": 67774344, "typical_volume": 104020790.65, "trend": 23.763575, "fair_value": 16.17743, "relative_strength": 26.331048, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.416897, "energy": 14.801473, "activity_lines": [ 27.64714, 27.824155, 28.443211, 26.616491 ] }, { "date": "2024-08-09", "close": 24.29718, "volume": 47828667, "typical_volume": 105522219.15, "trend": 24.046383, "fair_value": 16.229565, "relative_strength": 11.849637, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.728195, "energy": 7.383613, "activity_lines": [ 26.59411, 27.063975, 28.139077, 26.650917 ] }, { "date": "2024-08-16", "close": 26.051975, "volume": 26420735, "typical_volume": 105958514.15, "trend": 24.394945, "fair_value": 16.294189, "relative_strength": 14.403824, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.841227, "energy": 12.734866, "activity_lines": [ 26.300947, 26.743426, 27.972244, 26.78031 ] }, { "date": "2024-08-23", "close": 24.477158, "volume": 22460217, "typical_volume": 106357770.3, "trend": 24.667779, "fair_value": 16.351445, "relative_strength": 7.771256, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -6.82356, "energy": 23.896603, "activity_lines": [ 25.503039, 26.25373, 27.620362, 26.785614 ] }, { "date": "2024-08-30", "close": 25.692017, "volume": 15624616, "typical_volume": 99634756.55, "trend": 24.975301, "fair_value": 16.416723, "relative_strength": 11.815348, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -0.962017, "energy": 26.717627, "activity_lines": [ 25.374054, 26.072917, 27.357028, 26.851694 ] }, { "date": "2024-09-06", "close": 23.802237, "volume": 14337590, "typical_volume": 92811056.05, "trend": 25.216926, "fair_value": 16.4678, "relative_strength": 6.984337, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -30.142888, "energy": 41.811183, "activity_lines": [ 24.774124, 25.598578, 26.912102, 26.776012 ] }, { "date": "2024-09-13", "close": 23.352289, "volume": 11339391, "typical_volume": 75611589.7, "trend": 25.445004, "fair_value": 16.515732, "relative_strength": 2.848066, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.645833, "energy": 55.233471, "activity_lines": [ 24.270182, 25.08805, 26.435026, 26.655713 ] }, { "date": "2024-09-20", "close": 22.632372, "volume": 18555949, "typical_volume": 55228373.25, "trend": 25.656346, "fair_value": 16.560614, "relative_strength": -2.514485, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.593106, "energy": 57.473042, "activity_lines": [ 23.589261, 24.511518, 25.935008, 26.474253 ] }, { "date": "2024-09-27", "close": 22.992329, "volume": 13924120, "typical_volume": 45356838.3, "trend": 25.889851, "fair_value": 16.606499, "relative_strength": -4.20422, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.302949, "energy": 60.959571, "activity_lines": [ 23.256299, 24.068114, 25.529523, 26.302381 ] }, { "date": "2024-10-04", "close": 22.497387, "volume": 3914728, "typical_volume": 39996534.45, "trend": 26.109761, "fair_value": 16.650255, "relative_strength": -4.460883, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -67.585974, "energy": 71.984782, "activity_lines": [ 22.857345, 23.63371, 25.112204, 26.083512 ] }, { "date": "2024-10-11", "close": 22.452394, "volume": 7266159, "typical_volume": 36710101.95, "trend": 26.268638, "fair_value": 16.694505, "relative_strength": -7.454858, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.960608, "energy": 68.542266, "activity_lines": [ 22.656369, 23.292568, 24.732824, 25.847553 ] }, { "date": "2024-10-18", "close": 22.947336, "volume": 6581000, "typical_volume": 32956444.25, "trend": 26.432396, "fair_value": 16.741406, "relative_strength": -8.068257, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.460313, "energy": 60.55213, "activity_lines": [ 22.710363, 23.133041, 24.427671, 25.633276 ] }, { "date": "2024-10-25", "close": 22.13743, "volume": 8105814, "typical_volume": 28048159.15, "trend": 26.547376, "fair_value": 16.782594, "relative_strength": -10.990746, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.866763, "energy": 54.836735, "activity_lines": [ 22.521385, 22.850801, 24.08339, 25.356181 ] }, { "date": "2024-11-01", "close": 23.17231, "volume": 8137496, "typical_volume": 24964003.45, "trend": 26.693948, "fair_value": 16.829111, "relative_strength": -4.860801, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.010111, "energy": 44.611254, "activity_lines": [ 22.710364, 22.827895, 23.887002, 25.138435 ] }, { "date": "2024-11-08", "close": 22.182423, "volume": 6710761, "typical_volume": 23478352.4, "trend": 26.588263, "fair_value": 16.869543, "relative_strength": -12.130295, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.065241, "energy": 51.448816, "activity_lines": [ 22.557381, 22.648734, 23.625599, 24.847369 ] }, { "date": "2024-11-15", "close": 22.13743, "volume": 6823210, "typical_volume": 21943086.25, "trend": 26.457845, "fair_value": 16.910209, "relative_strength": -9.48331, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.522974, "energy": 53.738004, "activity_lines": [ 22.410398, 22.525203, 23.389738, 24.560218 ] }, { "date": "2024-11-22", "close": 23.037325, "volume": 8806695, "typical_volume": 21113962.25, "trend": 26.127998, "fair_value": 16.955861, "relative_strength": -6.796406, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.987836, "energy": 42.89897, "activity_lines": [ 22.584378, 22.595558, 23.259456, 24.33954 ] }, { "date": "2024-11-29", "close": 22.992329, "volume": 10286327, "typical_volume": 20250800.5, "trend": 25.71824, "fair_value": 17.000441, "relative_strength": -4.693089, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.355511, "energy": 36.799977, "activity_lines": [ 22.737359, 22.663459, 23.143384, 24.137238 ] }, { "date": "2024-12-06", "close": 22.992329, "volume": 7199585, "typical_volume": 16585947.6, "trend": 25.471113, "fair_value": 17.046587, "relative_strength": -8.808242, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.825902, "energy": 32.186544, "activity_lines": [ 22.833348, 22.724815, 23.043324, 23.961373 ] }, { "date": "2024-12-13", "close": 21.912457, "volume": 7582777, "typical_volume": 15984009.05, "trend": 25.156044, "fair_value": 17.08555, "relative_strength": -12.584449, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.053325, "energy": 39.2065, "activity_lines": [ 22.581378, 22.589831, 22.866345, 23.731782 ] }, { "date": "2024-12-20", "close": 20.967566, "volume": 12375738, "typical_volume": 13214078.75, "trend": 24.916932, "fair_value": 17.119499, "relative_strength": -14.597073, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.340834, "energy": 52.810665, "activity_lines": [ 22.032442, 22.293684, 22.62873, 23.461558 ] }, { "date": "2024-12-27", "close": 21.507502, "volume": 4213460, "typical_volume": 11033318.4, "trend": 24.602885, "fair_value": 17.157693, "relative_strength": -15.341604, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.657795, "energy": 60.99491, "activity_lines": [ 21.741475, 22.122704, 22.473605, 23.241595 ] }, { "date": "2025-01-03", "close": 21.372519, "volume": 5158198, "typical_volume": 9970191.55, "trend": 24.232066, "fair_value": 17.194499, "relative_strength": -14.520813, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.812927, "energy": 64.639428, "activity_lines": [ 21.507503, 21.95336, 22.318908, 23.033184 ] }, { "date": "2025-01-10", "close": 20.472622, "volume": 9618007, "typical_volume": 9328081.05, "trend": 23.937249, "fair_value": 17.225276, "relative_strength": -18.469345, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.231098, "energy": 75.476997, "activity_lines": [ 21.081552, 21.634306, 22.100791, 22.790639 ] }, { "date": "2025-01-17", "close": 20.742592, "volume": 6526213, "typical_volume": 8873160.9, "trend": 23.680473, "fair_value": 17.258566, "relative_strength": -17.900698, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.119346, "energy": 60.94967, "activity_lines": [ 20.913572, 21.413423, 21.927454, 22.584532 ] }, { "date": "2025-01-24", "close": 20.832581, "volume": 1898153, "typical_volume": 8251189.05, "trend": 23.497848, "fair_value": 17.291911, "relative_strength": -18.838685, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.113974, "energy": 56.230276, "activity_lines": [ 20.853579, 21.23508, 21.786256, 22.400797 ] }, { "date": "2025-02-07", "close": 21.372519, "volume": 5207189, "typical_volume": 7944578.95, "trend": 23.312892, "fair_value": 17.3295, "relative_strength": -16.565832, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.766034, "energy": 48.646211, "activity_lines": [ 20.982564, 21.178632, 21.710622, 22.263679 ] }, { "date": "2025-02-14", "close": 22.587378, "volume": 5417274, "typical_volume": 7287645.2, "trend": 23.187308, "fair_value": 17.37592, "relative_strength": -10.67875, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.287296, "energy": 23.736494, "activity_lines": [ 21.525501, 21.373337, 21.760116, 22.216872 ] }, { "date": "2025-02-21", "close": 22.767355, "volume": 7756192, "typical_volume": 6979248.8, "trend": 22.99833, "fair_value": 17.422712, "relative_strength": -12.270043, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.251963, "energy": 16.266944, "activity_lines": [ 22.04744, 21.608127, 21.826966, 22.189778 ] }, { "date": "2025-02-28", "close": 22.227421, "volume": 4579502, "typical_volume": 7012487.5, "trend": 22.803352, "fair_value": 17.46552, "relative_strength": -11.992408, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.458822, "energy": 23.194204, "activity_lines": [ 22.236419, 21.748839, 21.843464, 22.140042 ] }, { "date": "2025-03-07", "close": 22.182423, "volume": 3765398, "typical_volume": 6837449.45, "trend": 22.626373, "fair_value": 17.507518, "relative_strength": -10.531611, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.960382, "energy": 20.619388, "activity_lines": [ 22.311409, 21.875642, 21.856962, 22.099982 ] }, { "date": "2025-03-14", "close": 20.15766, "volume": 11350542, "typical_volume": 7075926.55, "trend": 22.488389, "fair_value": 17.537319, "relative_strength": -16.61426, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.426011, "energy": 21.11755, "activity_lines": [ 21.62149, 21.612218, 21.678911, 21.94071 ] }, { "date": "2025-03-21", "close": 20.832581, "volume": 6242007, "typical_volume": 6982736.2, "trend": 22.314409, "fair_value": 17.573274, "relative_strength": -14.816396, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.10521, "energy": 34.727714, "activity_lines": [ 21.237534, 21.49605, 21.578423, 21.833884 ] }, { "date": "2025-03-28", "close": 20.202654, "volume": 4768576, "typical_volume": 6814290.2, "trend": 22.171926, "fair_value": 17.603364, "relative_strength": -15.138713, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -67.381335, "energy": 63.15253, "activity_lines": [ 20.760589, 21.275166, 21.424155, 21.697642 ] }, { "date": "2025-04-04", "close": 19.707712, "volume": 3806612, "typical_volume": 6669082.75, "trend": 21.972449, "fair_value": 17.630542, "relative_strength": -16.040083, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.33991, "energy": 75.825722, "activity_lines": [ 20.289644, 20.969202, 21.236891, 21.53866 ] }, { "date": "2025-04-11", "close": 17.367983, "volume": 11921297, "typical_volume": 6923987.1, "trend": 21.757974, "fair_value": 17.643504, "relative_strength": -19.25605, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.090901, "energy": 87.177763, "activity_lines": [ 19.20677, 20.256648, 20.83858, 21.241598 ] }, { "date": "2025-04-18", "close": 16.873041, "volume": 5471686, "typical_volume": 6757236.65, "trend": 21.541999, "fair_value": 17.653555, "relative_strength": -20.526799, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.563398, "energy": 94.255838, "activity_lines": [ 18.279877, 19.517097, 20.415844, 20.926441 ] }, { "date": "2025-04-25", "close": 16.963032, "volume": 3627340, "typical_volume": 6424287.3, "trend": 21.353021, "fair_value": 17.664444, "relative_strength": -21.359738, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.509188, "energy": 92.650403, "activity_lines": [ 17.601957, 18.875718, 20.031031, 20.631024 ] }, { "date": "2025-05-02", "close": 18.357868, "volume": 6193839, "typical_volume": 6374000.0, "trend": 21.198539, "fair_value": 17.684013, "relative_strength": -17.537946, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.526173, "energy": 85.86745, "activity_lines": [ 17.646951, 18.590205, 19.807772, 20.437788 ] }, { "date": "2025-05-09", "close": 18.537849, "volume": 14240570, "typical_volume": 6706889.65, "trend": 21.066554, "fair_value": 17.706823, "relative_strength": -15.955025, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.506459, "energy": 65.434158, "activity_lines": [ 17.874925, 18.417589, 19.623722, 20.266131 ] }, { "date": "2025-05-16", "close": 18.357868, "volume": 5710115, "typical_volume": 6373608.5, "trend": 20.93007, "fair_value": 17.729262, "relative_strength": -19.386419, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.469153, "energy": 50.524325, "activity_lines": [ 18.120896, 18.279332, 19.4386, 20.091377 ] }, { "date": "2025-05-23", "close": 17.99791, "volume": 4374590, "typical_volume": 6381665.0, "trend": 20.765089, "fair_value": 17.75096, "relative_strength": -19.30947, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.863243, "energy": 39.536403, "activity_lines": [ 18.180889, 18.145166, 19.231624, 19.902205 ] }, { "date": "2025-05-30", "close": 17.457972, "volume": 4922180, "typical_volume": 6369864.1, "trend": 20.609107, "fair_value": 17.768674, "relative_strength": -19.883601, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.410866, "energy": 42.45299, "activity_lines": [ 17.985911, 17.952097, 18.989938, 19.688843 ] }, { "date": "2025-06-06", "close": 17.592957, "volume": 4588425, "typical_volume": 6118385.0, "trend": 20.423129, "fair_value": 17.787776, "relative_strength": -19.448027, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.995578, "energy": 45.601127, "activity_lines": [ 17.802933, 17.844928, 18.779748, 19.494253 ] }, { "date": "2025-06-13", "close": 17.322989, "volume": 3876284, "typical_volume": 5985888.55, "trend": 20.261147, "fair_value": 17.805669, "relative_strength": -21.109506, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.625175, "energy": 51.967115, "activity_lines": [ 17.580958, 17.736122, 18.55756, 19.294244 ] }, { "date": "2025-06-20", "close": 17.143007, "volume": 7983345, "typical_volume": 6290148.15, "trend": 20.094667, "fair_value": 17.822669, "relative_strength": -21.03121, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.955073, "energy": 58.785657, "activity_lines": [ 17.379981, 17.637952, 18.334514, 19.093073 ] }, { "date": "2025-06-27", "close": 17.727943, "volume": 4923647, "typical_volume": 6275971.05, "trend": 19.917687, "fair_value": 17.845245, "relative_strength": -19.581029, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.816179, "energy": 46.776195, "activity_lines": [ 17.454973, 17.650223, 18.184746, 18.940381 ] }, { "date": "2025-07-04", "close": 17.862926, "volume": 4846239, "typical_volume": 6247419.3, "trend": 19.746707, "fair_value": 17.867121, "relative_strength": -18.288059, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.955957, "energy": 40.749264, "activity_lines": [ 17.592957, 17.671493, 18.065188, 18.807816 ] }, { "date": "2025-07-11", "close": 18.077232, "volume": 8692386, "typical_volume": 6294229.0, "trend": 19.582871, "fair_value": 17.893501, "relative_strength": -17.477455, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.583015, "energy": 33.241386, "activity_lines": [ 17.77538, 17.715367, 17.988538, 18.700108 ] }, { "date": "2025-07-18", "close": 18.124681, "volume": 4866047, "typical_volume": 6308556.25, "trend": 19.456611, "fair_value": 17.919925, "relative_strength": -18.968558, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.990582, "energy": 23.151157, "activity_lines": [ 17.941334, 17.77297, 17.938741, 18.606031 ] }, { "date": "2025-07-25", "close": 18.077232, "volume": 4029513, "typical_volume": 6321762.0, "trend": 19.360267, "fair_value": 17.948123, "relative_strength": -18.344714, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.433007, "energy": 18.996445, "activity_lines": [ 18.038025, 17.829457, 17.903962, 18.517039 ] }, { "date": "2025-08-01", "close": 17.934893, "volume": 3214641, "typical_volume": 5914966.95, "trend": 19.24118, "fair_value": 17.973243, "relative_strength": -18.39489, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.091639, "energy": 17.308705, "activity_lines": [ 18.024988, 17.865168, 17.875175, 18.42508 ] }, { "date": "2025-08-08", "close": 19.263403, "volume": 8858675, "typical_volume": 6045800.35, "trend": 19.170876, "fair_value": 18.00742, "relative_strength": -13.661898, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 8.520974, "energy": 15.002906, "activity_lines": [ 18.440992, 18.143572, 17.983497, 18.426513 ] }, { "date": "2025-08-15", "close": 19.595531, "volume": 7470137, "typical_volume": 6180878.4, "trend": 19.14164, "fair_value": 18.045351, "relative_strength": -12.713759, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 15.556974, "energy": 26.036268, "activity_lines": [ 18.874339, 18.449536, 18.130923, 18.45391 ] }, { "date": "2025-08-22", "close": 19.92766, "volume": 13895212, "typical_volume": 6685308.4, "trend": 19.114475, "fair_value": 18.081351, "relative_strength": -8.481146, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 38.109438, "energy": 54.492319, "activity_lines": [ 19.317177, 18.779477, 18.312872, 18.504621 ] }, { "date": "2025-08-29", "close": 20.022552, "volume": 7372265, "typical_volume": 6457856.8, "trend": 19.087474, "fair_value": 18.118229, "relative_strength": -9.293564, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 37.074704, "energy": 64.325255, "activity_lines": [ 19.671446, 19.079314, 18.50281, 18.563207 ] }, { "date": "2025-09-05", "close": 21.25617, "volume": 28186289, "typical_volume": 7593586.95, "trend": 19.083596, "fair_value": 18.161122, "relative_strength": -4.154314, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 57.309648, "energy": 74.449626, "activity_lines": [ 20.307234, 19.551089, 18.797595, 18.703123 ] }, { "date": "2025-09-12", "close": 22.299999, "volume": 22725491, "typical_volume": 8548494.5, "trend": 19.074017, "fair_value": 18.2126, "relative_strength": -2.830955, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 62.145496, "energy": 80.494523, "activity_lines": [ 21.069545, 20.148502, 19.17092, 18.910633 ] }, { "date": "2025-09-19", "close": 21.303617, "volume": 24424583, "typical_volume": 9460031.7, "trend": 19.025226, "fair_value": 18.257961, "relative_strength": -7.07228, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 67.765986, "energy": 79.976658, "activity_lines": [ 21.29729, 20.484081, 19.423938, 19.054478 ] }, { "date": "2025-09-26", "close": 21.778086, "volume": 8160456, "typical_volume": 9156026.0, "trend": 19.010248, "fair_value": 18.307176, "relative_strength": -4.662141, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.220417, "energy": 81.920357, "activity_lines": [ 21.569319, 20.847265, 19.708116, 19.232082 ] }, { "date": "2025-10-03", "close": 22.110212, "volume": 9482517, "typical_volume": 9344646.1, "trend": 19.007841, "fair_value": 18.359331, "relative_strength": -7.116313, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.29787, "energy": 79.477812, "activity_lines": [ 21.828695, 21.20441, 20.008495, 19.432079 ] }, { "date": "2025-10-10", "close": 22.394894, "volume": 6579140, "typical_volume": 9454873.6, "trend": 19.082415, "fair_value": 18.416018, "relative_strength": -7.406862, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.85923, "energy": 66.599305, "activity_lines": [ 22.043787, 21.539988, 20.318118, 19.650599 ] }, { "date": "2025-10-17", "close": 22.584681, "volume": 18359627, "typical_volume": 10126745.95, "trend": 19.140818, "fair_value": 18.475545, "relative_strength": -6.312183, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.310939, "energy": 65.21112, "activity_lines": [ 22.246227, 21.828983, 20.624879, 19.876552 ] }, { "date": "2025-10-24", "close": 22.821915, "volume": 8723717, "typical_volume": 10333510.55, "trend": 19.228127, "fair_value": 18.537946, "relative_strength": -5.814762, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.657472, "energy": 61.796164, "activity_lines": [ 22.508766, 22.100723, 20.92982, 20.114042 ] }, { "date": "2025-10-31", "close": 21.683191, "volume": 7741406, "typical_volume": 10526766.65, "trend": 19.293976, "fair_value": 18.596836, "relative_strength": -12.39151, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.084201, "energy": 51.871564, "activity_lines": [ 22.290511, 22.106762, 21.101411, 20.272433 ] }, { "date": "2025-11-07", "close": 21.493404, "volume": 6766277, "typical_volume": 10465913.25, "trend": 19.43149, "fair_value": 18.655863, "relative_strength": -10.86154, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.106434, "energy": 41.370055, "activity_lines": [ 22.015319, 22.046375, 21.234165, 20.414331 ] }, { "date": "2025-11-14", "close": 21.113831, "volume": 10962356, "typical_volume": 10767848.7, "trend": 19.57285, "fair_value": 18.712457, "relative_strength": -11.289426, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.451547, "energy": 30.029486, "activity_lines": [ 21.654724, 21.890232, 21.310052, 20.52287 ] }, { "date": "2025-11-21", "close": 20.07, "volume": 12464516, "typical_volume": 11148762.55, "trend": 19.676416, "fair_value": 18.761276, "relative_strength": -12.188347, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.946554, "energy": 21.566482, "activity_lines": [ 21.031589, 21.54689, 21.270404, 20.554944 ] }, { "date": "2025-11-28", "close": 21.303617, "volume": 6604246, "typical_volume": 11044355.55, "trend": 19.774607, "fair_value": 18.816921, "relative_strength": -10.343097, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.56194, "energy": 22.16863, "activity_lines": [ 20.987305, 21.468387, 21.337733, 20.659924 ] }, { "date": "2025-12-05", "close": 21.588297, "volume": 8343925, "typical_volume": 11218249.45, "trend": 19.876289, "fair_value": 18.872226, "relative_strength": -9.768737, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.18846, "energy": 21.734688, "activity_lines": [ 21.139135, 21.441644, 21.416811, 20.776937 ] }, { "date": "2025-12-12", "close": 20.971489, "volume": 5581726, "typical_volume": 11295860.1, "trend": 19.96341, "fair_value": 18.923036, "relative_strength": -12.534625, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.706416, "energy": 15.551072, "activity_lines": [ 21.091688, 21.306205, 21.420652, 20.847595 ] }, { "date": "2025-12-19", "close": 22.110212, "volume": 11890588, "typical_volume": 11729657.45, "trend": 20.100486, "fair_value": 18.982228, "relative_strength": -5.787877, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.490152, "energy": 27.940982, "activity_lines": [ 21.458609, 21.39851, 21.519161, 20.986098 ] }, { "date": "2025-12-26", "close": 22.679573, "volume": 10926435, "typical_volume": 11833045.45, "trend": 20.27454, "fair_value": 19.043987, "relative_strength": -5.9782, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 56.770282, "energy": 44.504798, "activity_lines": [ 21.948893, 21.599512, 21.652012, 21.152491 ] }, { "date": "2026-01-02", "close": 22.110212, "volume": 7142452, "typical_volume": 11816661.2, "trend": 20.425115, "fair_value": 19.10345, "relative_strength": -10.469712, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.61215, "energy": 43.219142, "activity_lines": [ 22.075418, 21.695268, 21.71437, 21.270921 ] }, { "date": "2026-01-09", "close": 22.821915, "volume": 12101630, "typical_volume": 11726982.1, "trend": 20.608413, "fair_value": 19.167204, "relative_strength": -10.084349, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.558207, "energy": 60.068204, "activity_lines": [ 22.385404, 21.933365, 21.832536, 21.425554 ] }, { "date": "2026-01-16", "close": 21.778086, "volume": 12393113, "typical_volume": 11978024.5, "trend": 20.762915, "fair_value": 19.219937, "relative_strength": -16.881444, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.329207, "energy": 45.325897, "activity_lines": [ 22.265206, 21.960971, 21.837506, 21.501016 ] }, { "date": "2026-01-23", "close": 21.351063, "volume": 9843557, "typical_volume": 11060887.9, "trend": 20.883686, "fair_value": 19.269662, "relative_strength": -19.497433, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.768387, "energy": 23.922771, "activity_lines": [ 21.948893, 21.90576, 21.793449, 21.538961 ] }, { "date": "2026-01-30", "close": 20.971489, "volume": 8249574, "typical_volume": 10337092.05, "trend": 20.987305, "fair_value": 19.317224, "relative_strength": -20.755616, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 15.923922, "energy": 8.731278, "activity_lines": [ 21.556666, 21.777222, 21.712789, 21.544626 ] }, { "date": "2026-02-06", "close": 20.876596, "volume": 5516002, "typical_volume": 9391663.0, "trend": 21.080617, "fair_value": 19.361742, "relative_strength": -19.944386, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 0.373349, "energy": 14.111271, "activity_lines": [ 21.246681, 21.61504, 21.629418, 21.537484 ] }, { "date": "2026-02-13", "close": 21.39851, "volume": 3401720, "typical_volume": 9153726.2, "trend": 21.189744, "fair_value": 19.409065, "relative_strength": -21.772559, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.252845, "energy": 17.210823, "activity_lines": [ 21.192908, 21.555516, 21.597787, 21.557993 ] }, { "date": "2026-02-27", "close": 21.493404, "volume": 6514623, "typical_volume": 9005331.5, "trend": 21.303617, "fair_value": 19.456455, "relative_strength": -24.812607, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.003051, "energy": 19.693381, "activity_lines": [ 21.265659, 21.516696, 21.577001, 21.577584 ] }, { "date": "2026-03-06", "close": 21.730639, "volume": 11466951, "typical_volume": 9249722.05, "trend": 21.430142, "fair_value": 19.502118, "relative_strength": -19.265945, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.534615, "energy": 7.105616, "activity_lines": [ 21.436468, 21.51152, 21.581745, 21.605134 ] }, { "date": "2026-03-13", "close": 21.683191, "volume": 7731487, "typical_volume": 8718315.05, "trend": 21.510801, "fair_value": 19.548289, "relative_strength": -18.307963, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.166048, "energy": 3.3042, "activity_lines": [ 21.566156, 21.504619, 21.585135, 21.621459 ] }, { "date": "2026-03-20", "close": 22.632128, "volume": 15328875, "typical_volume": 9048572.95, "trend": 21.612021, "fair_value": 19.601084, "relative_strength": -14.595754, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.895765, "energy": 27.633, "activity_lines": [ 21.964709, 21.688367, 21.683191, 21.693803 ] }, { "date": "2026-03-27", "close": 22.774467, "volume": 13918051, "typical_volume": 9357405.2, "trend": 21.706915, "fair_value": 19.655874, "relative_strength": -12.405687, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 63.499741, "energy": 46.947783, "activity_lines": [ 22.293673, 21.888507, 21.795708, 21.7688 ] }, { "date": "2026-04-03", "close": 21.161276, "volume": 12848232, "typical_volume": 9661502.95, "trend": 21.744872, "fair_value": 19.698429, "relative_strength": -16.677921, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.030786, "energy": 15.405973, "activity_lines": [ 21.993177, 21.796201, 21.749391, 21.733597 ] }, { "date": "2026-04-10", "close": 22.299999, "volume": 7118777, "typical_volume": 9469324.0, "trend": 21.779666, "fair_value": 19.748824, "relative_strength": -18.655113, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 26.54214, "energy": 28.031735, "activity_lines": [ 22.094396, 21.92215, 21.813105, 21.769412 ] }, { "date": "2026-04-17", "close": 23.20149, "volume": 16402952, "typical_volume": 9666245.8, "trend": 21.809716, "fair_value": 19.804727, "relative_strength": -18.027655, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 67.21098, "energy": 48.480767, "activity_lines": [ 22.458156, 22.194754, 21.957027, 21.861142 ] }, { "date": "2026-04-24", "close": 24.292767, "volume": 23252206, "typical_volume": 10498643.8, "trend": 21.909354, "fair_value": 19.867356, "relative_strength": -18.361296, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.255306, "energy": 63.141645, "activity_lines": [ 23.084454, 22.625226, 22.189968, 22.021339 ] }, { "date": "2026-05-01", "close": 21.967873, "volume": 31810441, "typical_volume": 11671969.6, "trend": 21.915681, "fair_value": 19.916434, "relative_strength": -25.62214, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.60487, "energy": 47.680296, "activity_lines": [ 22.825078, 22.570878, 22.187257, 22.025115 ] }, { "date": "2026-05-08", "close": 21.825531, "volume": 20318929, "typical_volume": 12408829.75, "trend": 21.906191, "fair_value": 19.96487, "relative_strength": -30.225438, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.146202, "energy": 31.411293, "activity_lines": [ 22.572028, 22.480298, 22.169182, 22.019298 ] }, { "date": "2026-05-15", "close": 20.971489, "volume": 20766741, "typical_volume": 12852637.4, "trend": 21.858745, "fair_value": 20.009456, "relative_strength": -31.593363, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 12.209578, "energy": 7.199165, "activity_lines": [ 21.990014, 22.228398, 22.065703, 21.958995 ] }, { "date": "2026-05-22", "close": 20.924042, "volume": 8884150, "typical_volume": 12750523.15, "trend": 21.80339, "fair_value": 20.055632, "relative_strength": -32.918876, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.678733, "energy": 19.999163, "activity_lines": [ 21.480751, 21.981675, 21.963127, 21.898692 ] }, { "date": "2026-05-29", "close": 21.493404, "volume": 17514657, "typical_volume": 13269133.4, "trend": 21.759106, "fair_value": 20.104916, "relative_strength": -34.289975, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.992982, "energy": 21.318461, "activity_lines": [ 21.313106, 21.852274, 21.923137, 21.878693 ] }, { "date": "2026-06-05", "close": 22.869362, "volume": 22082729, "typical_volume": 13768188.35, "trend": 21.798645, "fair_value": 20.163291, "relative_strength": -30.036557, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 4.419531, "energy": 10.352389, "activity_lines": [ 21.790737, 21.993752, 22.017127, 21.950322 ] }, { "date": "2026-06-12", "close": 25.146809, "volume": 66478319, "typical_volume": 16472448.65, "trend": 21.920425, "fair_value": 20.236265, "relative_strength": -20.989529, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 67.5858, "energy": 47.195009, "activity_lines": [ 22.967419, 22.547586, 22.32779, 22.166333 ] }, { "date": "2026-06-19", "close": 25.478937, "volume": 37718740, "typical_volume": 17866207.8, "trend": 22.065929, "fair_value": 20.311097, "relative_strength": -23.418722, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.562266, "energy": 68.309052, "activity_lines": [ 24.03339, 23.089343, 22.654044, 22.395914 ] }, { "date": "2026-06-26", "close": 22.916807, "volume": 24951386, "typical_volume": 18701298.4, "trend": 22.160822, "fair_value": 20.370318, "relative_strength": -27.681851, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.102345, "energy": 57.331734, "activity_lines": [ 23.944823, 23.107458, 22.716628, 22.450809 ] }, { "date": "2026-07-03", "close": 23.011702, "volume": 14572638, "typical_volume": 19154130.2, "trend": 22.217759, "fair_value": 20.429606, "relative_strength": -30.258089, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.875219, "energy": 57.471407, "activity_lines": [ 23.755035, 23.148004, 22.778987, 22.505705 ] }, { "date": "2026-07-10", "close": 22.679573, "volume": 0, "typical_volume": 18984044.2, "trend": 22.254135, "fair_value": 20.486764, "relative_strength": -28.534213, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.423234, "energy": 29.144326, "activity_lines": [ 23.353318, 23.151454, 22.799547, 22.535499 ] }, { "date": "2026-07-17", "close": 22.4, "volume": 32810283, "typical_volume": 20298827.2, "trend": 22.301752, "fair_value": 20.543213, "relative_strength": -24.416419, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 27.715543, "energy": 16.249022, "activity_lines": [ 22.871063, 23.091133, 22.787381, 22.54491 ] }, { "date": "2026-07-24", "close": 22.75, "volume": 6877593, "typical_volume": 20069359.3, "trend": 22.323078, "fair_value": 20.600247, "relative_strength": -24.433547, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.821505, "energy": 16.92528, "activity_lines": [ 22.688595, 23.084004, 22.804231, 22.573829 ] }, { "date": "2026-07-31", "close": 22.0, "volume": 14885096, "typical_volume": 20427039.75, "trend": 22.300425, "fair_value": 20.65387, "relative_strength": -25.470296, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.774738, "energy": 15.412554, "activity_lines": [ 22.438057, 22.908174, 22.744798, 22.552985 ] }, { "date": "2026-08-07", "close": 22.049999, "volume": 12920860, "typical_volume": 20306639.0, "trend": 22.298418, "fair_value": 20.707534, "relative_strength": -26.619384, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.024177, "energy": 12.407981, "activity_lines": [ 22.265305, 22.721872, 22.688619, 22.536829 ] }, { "date": "2026-08-14", "close": 22.85, "volume": 9371183, "typical_volume": 20079295.6, "trend": 22.299354, "fair_value": 20.766326, "relative_strength": -25.952865, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.211158, "energy": 11.360377, "activity_lines": [ 22.423333, 22.670905, 22.711402, 22.572415 ] } ], "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." } } }