{ "ticker": { "uuid": "2ad93e30-db64-4082-9c07-cb7c6875a346", "symbol": "1781", "name": "Health & Life Co., Ltd.", "exchange": "TWO", "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": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 51.222, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "down", "architecture_direction": -49.124, "architecture_energy": 30.709, "architecture_maturity": 17.343, "architecture_confidence": 69.535, "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": 42.55, "rotation_up": 8.84, "upward_expansion": 7.95, "deceleration": 58.8, "rotation_down": 59.17, "downward_expansion": 66.95 }, "activity_lines": [ 11.33, 11.556364, 11.513095, 11.600215 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 11.0, "trend_reference": 11.785, "distance_from_trend": -0.06661, "trend_direction": "Improving", "fair_value": 14.522756, "distance_from_fair_value": -0.242568, "fair_value_direction": "Improving", "relative_strength": -35.630495, "relative_strength_direction": "Improving", "price_momentum": -0.130435, "excess_performance": -0.571807, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.06661, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.009278, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.242568, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.051504, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.356305, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.107685, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.130435, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.003631, "read": "Demand-led" } ], "volume": { "latest": 141000, "relative_activity": 0.551621, "balance": 1.003631, "dry_up": 0.378609, "accumulation_observations": 4, "distribution_observations": 5 }, "risk": { "range_context": 0.068881, "annualized_volatility": 0.204634, "from_high_reference": -0.241379, "from_low_reference": 0.083744 }, "levels": { "trend_reference": 11.785, "fair_value_reference": 14.522756, "structural_low": 10.15, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 23, "median_return": -0.022876, "positive_rate": 0.434783, "directional_follow_through": 0.434783, "median_excess_return": -0.010394, "regime_survival": 0.652174, "best_return": 0.09396, "worst_return": -0.090535, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.010668, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.055683, "regime_survival": 0.3, "best_return": 0.135135, "worst_return": -0.147139, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.072946, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.133493, "regime_survival": 0.333333, "best_return": 0.045455, "worst_return": -0.254237, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.034725, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.149198, "regime_survival": 0.25, "best_return": 0.072368, "worst_return": -0.185811, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-06-28", "end": "2024-07-26", "tenure": "Developing", "return": -0.226027, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-02", "end": "2024-10-11", "tenure": "Developing", "return": -0.006061, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-10-18", "end": "2024-11-29", "tenure": "Developing", "return": 0.164087, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-12-06", "end": "2024-12-20", "tenure": "New", "return": -0.016949, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-27", "end": "2025-03-07", "tenure": "Developing", "return": -0.103542, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-14", "end": "2025-04-04", "tenure": "New", "return": -0.033951, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-06-20", "tenure": "Developing", "return": 0.169291, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-27", "end": "2025-08-01", "tenure": "Developing", "return": -0.047297, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-08", "end": "2026-02-27", "tenure": "Extended", "return": -0.112676, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-03-06", "end": "2026-03-20", "tenure": "New", "return": -0.02, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-27", "end": "2026-05-01", "tenure": "Developing", "return": -0.111111, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-08", "end": "2026-06-19", "tenure": "Developing", "return": 0.105991, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-06-26", "end": "2026-07-17", "tenure": "New", "return": 0.0, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-24", "end": "2026-08-14", "tenure": "New", "return": -0.039301, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 12.9, "volume": 235000, "typical_volume": 212500.0, "trend": 14.698333, "fair_value": 18.259936, "relative_strength": -20.505074, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.248691, "energy": 81.875493, "activity_lines": [ 13.39, 13.676364, 14.023333, 14.323226 ] }, { "date": "2023-08-18", "close": 12.6, "volume": 141000, "typical_volume": 208950.0, "trend": 14.621667, "fair_value": 18.129167, "relative_strength": -21.027749, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.815694, "energy": 87.772572, "activity_lines": [ 13.07, 13.446364, 13.857857, 14.187849 ] }, { "date": "2023-08-25", "close": 12.6, "volume": 72000, "typical_volume": 208000.0, "trend": 14.541667, "fair_value": 17.967949, "relative_strength": -21.000012, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.792162, "energy": 90.073759, "activity_lines": [ 12.84, 13.246364, 13.704762, 14.057419 ] }, { "date": "2023-09-01", "close": 12.55, "volume": 86000, "typical_volume": 199050.0, "trend": 14.44, "fair_value": 17.810577, "relative_strength": -21.664926, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.830275, "energy": 89.503582, "activity_lines": [ 12.676667, 13.065455, 13.559762, 13.928925 ] }, { "date": "2023-09-08", "close": 12.65, "volume": 93000, "typical_volume": 187000.0, "trend": 14.318333, "fair_value": 17.678205, "relative_strength": -19.954682, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.248159, "energy": 84.276299, "activity_lines": [ 12.623333, 12.930909, 13.436667, 13.813441 ] }, { "date": "2023-09-15", "close": 12.2, "volume": 138000, "typical_volume": 178900.0, "trend": 14.198333, "fair_value": 17.546474, "relative_strength": -23.691178, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.743278, "energy": 83.052863, "activity_lines": [ 12.47, 12.743636, 13.281667, 13.676774 ] }, { "date": "2023-09-22", "close": 11.85, "volume": 170000, "typical_volume": 177750.0, "trend": 14.073333, "fair_value": 17.432051, "relative_strength": -22.650872, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.048197, "energy": 68.398987, "activity_lines": [ 12.246667, 12.527273, 13.105476, 13.525269 ] }, { "date": "2023-09-29", "close": 11.35, "volume": 74000, "typical_volume": 169750.0, "trend": 13.936667, "fair_value": 17.326603, "relative_strength": -25.31602, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.418768, "energy": 73.309142, "activity_lines": [ 11.906667, 12.258182, 12.896429, 13.34957 ] }, { "date": "2023-10-06", "close": 11.4, "volume": 120000, "typical_volume": 166950.0, "trend": 13.813333, "fair_value": 17.211218, "relative_strength": -25.146077, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.081898, "energy": 80.344265, "activity_lines": [ 11.666667, 12.043636, 12.706667, 13.185914 ] }, { "date": "2023-10-13", "close": 11.5, "volume": 46000, "typical_volume": 160650.0, "trend": 13.695, "fair_value": 17.114744, "relative_strength": -25.068154, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.243559, "energy": 79.957492, "activity_lines": [ 11.536667, 11.889091, 12.540476, 13.036667 ] }, { "date": "2023-10-20", "close": 13.9, "volume": 768000, "typical_volume": 190600.0, "trend": 13.645, "fair_value": 17.039423, "relative_strength": -7.07055, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.892211, "energy": 31.497629, "activity_lines": [ 12.283333, 12.205455, 12.616667, 13.049892 ] }, { "date": "2023-10-27", "close": 14.25, "volume": 1956000, "typical_volume": 279900.0, "trend": 13.613333, "fair_value": 16.95609, "relative_strength": -2.492528, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -3.010221, "energy": 15.879972, "activity_lines": [ 13.033333, 12.567273, 12.729762, 13.088925 ] }, { "date": "2023-11-03", "close": 13.5, "volume": 517000, "typical_volume": 290100.0, "trend": 13.553333, "fair_value": 16.885256, "relative_strength": -9.17799, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -12.448421, "energy": 27.517076, "activity_lines": [ 13.373333, 12.762727, 12.771429, 13.081613 ] }, { "date": "2023-11-10", "close": 14.0, "volume": 1501000, "typical_volume": 357600.0, "trend": 13.515, "fair_value": 16.808333, "relative_strength": -6.269391, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 26.150374, "energy": 38.022468, "activity_lines": [ 13.736667, 13.032727, 12.86381, 13.11043 ] }, { "date": "2023-11-17", "close": 14.0, "volume": 344000, "typical_volume": 361400.0, "trend": 13.483333, "fair_value": 16.740385, "relative_strength": -8.778525, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 25.302565, "energy": 36.988804, "activity_lines": [ 13.926667, 13.276364, 12.956667, 13.14172 ] }, { "date": "2023-11-24", "close": 14.0, "volume": 256000, "typical_volume": 363650.0, "trend": 13.458333, "fair_value": 16.668269, "relative_strength": -8.87379, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.077444, "energy": 43.716162, "activity_lines": [ 13.95, 13.495455, 13.050714, 13.175054 ] }, { "date": "2023-12-01", "close": 16.5, "volume": 5523000, "typical_volume": 630500.0, "trend": 13.51, "fair_value": 16.596474, "relative_strength": 6.53421, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 63.327244, "energy": 69.419467, "activity_lines": [ 14.8, 14.136364, 13.383333, 13.37129 ] }, { "date": "2023-12-08", "close": 17.0, "volume": 14181000, "typical_volume": 1332250.0, "trend": 13.596667, "fair_value": 16.527564, "relative_strength": 10.107338, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 59.394777, "energy": 72.204091, "activity_lines": [ 15.666667, 14.783636, 13.751429, 13.596452 ] }, { "date": "2023-12-15", "close": 16.549999, "volume": 2951000, "typical_volume": 1469200.0, "trend": 13.67, "fair_value": 16.456731, "relative_strength": 5.547999, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 74.39661, "energy": 81.053104, "activity_lines": [ 16.15, 15.246363, 14.061667, 13.786989 ] }, { "date": "2023-12-22", "close": 17.299999, "volume": 4842000, "typical_volume": 1700700.0, "trend": 13.766667, "fair_value": 16.395513, "relative_strength": 11.016897, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.484184, "energy": 85.188996, "activity_lines": [ 16.713333, 15.751818, 14.429762, 14.021183 ] }, { "date": "2023-12-29", "close": 16.950001, "volume": 1039000, "typical_volume": 1740900.0, "trend": 13.843333, "fair_value": 16.334936, "relative_strength": 7.038352, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.636688, "energy": 77.601435, "activity_lines": [ 16.94, 16.088182, 14.745952, 14.226559 ] }, { "date": "2024-01-05", "close": 16.9, "volume": 2705000, "typical_volume": 1869100.0, "trend": 13.931667, "fair_value": 16.283013, "relative_strength": 9.502267, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.371912, "energy": 57.20809, "activity_lines": [ 16.953333, 16.36, 15.038095, 14.423763 ] }, { "date": "2024-01-12", "close": 16.4, "volume": 951000, "typical_volume": 1913050.0, "trend": 14.006667, "fair_value": 16.221474, "relative_strength": 6.533836, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.099072, "energy": 48.901713, "activity_lines": [ 16.773333, 16.492727, 15.262143, 14.583011 ] }, { "date": "2024-01-19", "close": 15.85, "volume": 708000, "typical_volume": 1944150.0, "trend": 14.065, "fair_value": 16.15641, "relative_strength": 2.221857, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.615481, "energy": 37.293431, "activity_lines": [ 16.45, 16.472727, 15.415714, 14.701935 ] }, { "date": "2024-01-26", "close": 15.4, "volume": 647000, "typical_volume": 1971850.0, "trend": 14.103333, "fair_value": 16.095513, "relative_strength": -2.091418, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.481252, "energy": 27.382642, "activity_lines": [ 16.023333, 16.337273, 15.510714, 14.788064 ] }, { "date": "2024-02-02", "close": 15.2, "volume": 669000, "typical_volume": 1998400.0, "trend": 14.14, "fair_value": 16.040385, "relative_strength": -3.373943, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.676602, "energy": 23.012008, "activity_lines": [ 15.656667, 16.14, 15.573571, 14.858817 ] }, { "date": "2024-02-09", "close": 14.75, "volume": 164000, "typical_volume": 1998100.0, "trend": 14.166667, "fair_value": 15.996154, "relative_strength": -5.94283, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.991248, "energy": 22.845171, "activity_lines": [ 15.256667, 15.839091, 15.579286, 14.898172 ] }, { "date": "2024-02-16", "close": 17.799999, "volume": 1232000, "typical_volume": 2056000.0, "trend": 14.298333, "fair_value": 15.968269, "relative_strength": 10.545206, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.31408, "energy": 25.720215, "activity_lines": [ 16.016666, 16.124545, 15.861667, 15.132581 ] }, { "date": "2024-02-23", "close": 17.200001, "volume": 3681000, "typical_volume": 2234050.0, "trend": 14.415, "fair_value": 15.938462, "relative_strength": 5.448699, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.963204, "energy": 33.406136, "activity_lines": [ 16.483333, 16.286364, 16.05619, 15.319785 ] }, { "date": "2024-03-01", "close": 17.200001, "volume": 842000, "typical_volume": 2273850.0, "trend": 14.541667, "fair_value": 15.899359, "relative_strength": 5.379739, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 58.543165, "energy": 41.553145, "activity_lines": [ 16.86, 16.436364, 16.223095, 15.499462 ] }, { "date": "2024-03-08", "close": 16.25, "volume": 1447000, "typical_volume": 2307800.0, "trend": 14.653333, "fair_value": 15.853846, "relative_strength": -4.392184, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.218126, "energy": 48.977029, "activity_lines": [ 16.8, 16.415455, 16.272381, 15.609677 ] }, { "date": "2024-03-15", "close": 15.1, "volume": 1092000, "typical_volume": 2264600.0, "trend": 14.736667, "fair_value": 15.801923, "relative_strength": -10.278923, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 26.403037, "energy": 19.441811, "activity_lines": [ 16.286667, 16.198182, 16.200952, 15.638495 ] }, { "date": "2024-03-22", "close": 15.6, "volume": 478000, "typical_volume": 2262650.0, "trend": 14.836667, "fair_value": 15.754808, "relative_strength": -9.409336, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.955255, "energy": 10.942723, "activity_lines": [ 15.916667, 16.104546, 16.173095, 15.694194 ] }, { "date": "2024-03-29", "close": 15.6, "volume": 181000, "typical_volume": 2196650.0, "trend": 14.938333, "fair_value": 15.70609, "relative_strength": -9.316417, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.006951, "energy": 14.44931, "activity_lines": [ 15.693333, 16.025455, 16.135238, 15.743441 ] }, { "date": "2024-04-05", "close": 16.15, "volume": 292000, "typical_volume": 2194050.0, "trend": 15.055, "fair_value": 15.666667, "relative_strength": -5.951375, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.910411, "energy": 14.802692, "activity_lines": [ 15.76, 16.050909, 16.142143, 15.821613 ] }, { "date": "2024-04-12", "close": 15.95, "volume": 602000, "typical_volume": 2211350.0, "trend": 15.18, "fair_value": 15.627885, "relative_strength": -8.524173, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.949594, "energy": 9.392818, "activity_lines": [ 15.83, 16.026364, 16.119762, 15.879355 ] }, { "date": "2024-04-19", "close": 15.95, "volume": 589000, "typical_volume": 1964650.0, "trend": 15.316667, "fair_value": 15.585577, "relative_strength": -2.543409, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.637613, "energy": 6.562435, "activity_lines": [ 15.92, 15.988182, 16.088095, 15.929032 ] }, { "date": "2024-04-26", "close": 15.3, "volume": 490000, "typical_volume": 1280100.0, "trend": 15.448333, "fair_value": 15.543269, "relative_strength": -8.882423, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 3.639435, "energy": 3.961814, "activity_lines": [ 15.736667, 15.81, 15.997143, 15.927957 ] }, { "date": "2024-05-03", "close": 15.6, "volume": 366000, "typical_volume": 1150850.0, "trend": 15.588333, "fair_value": 15.507051, "relative_strength": -7.651519, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.734685, "energy": 8.215655, "activity_lines": [ 15.673333, 15.731818, 15.942857, 15.937742 ] }, { "date": "2024-05-10", "close": 15.75, "volume": 531000, "typical_volume": 935300.0, "trend": 15.73, "fair_value": 15.46859, "relative_strength": -8.109714, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.770343, "energy": 11.850917, "activity_lines": [ 15.66, 15.71, 15.907381, 15.948172 ] }, { "date": "2024-05-17", "close": 16.65, "volume": 650000, "typical_volume": 915850.0, "trend": 15.821667, "fair_value": 15.442308, "relative_strength": -5.141265, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.667935, "energy": 11.79106, "activity_lines": [ 15.973333, 15.878182, 15.965, 16.007527 ] }, { "date": "2024-05-24", "close": 16.6, "volume": 455000, "typical_volume": 803350.0, "trend": 15.9, "fair_value": 15.384295, "relative_strength": -6.548337, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 40.851269, "energy": 22.673181, "activity_lines": [ 16.223333, 16.03, 16.019286, 16.057742 ] }, { "date": "2024-05-31", "close": 15.9, "volume": 468000, "typical_volume": 779200.0, "trend": 15.98, "fair_value": 15.338782, "relative_strength": -8.566763, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.080684, "energy": 19.138353, "activity_lines": [ 16.196667, 16.027273, 16.008333, 16.057742 ] }, { "date": "2024-06-07", "close": 16.85, "volume": 2482000, "typical_volume": 867900.0, "trend": 16.075, "fair_value": 15.298397, "relative_strength": -5.975864, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.935693, "energy": 37.642476, "activity_lines": [ 16.446667, 16.191818, 16.090238, 16.113871 ] }, { "date": "2024-06-14", "close": 17.799999, "volume": 2663000, "typical_volume": 968700.0, "trend": 16.201667, "fair_value": 15.258013, "relative_strength": -3.465178, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 73.081235, "energy": 63.350661, "activity_lines": [ 16.93, 16.506363, 16.257857, 16.225161 ] }, { "date": "2024-06-21", "close": 17.700001, "volume": 1414000, "typical_volume": 1005950.0, "trend": 16.325, "fair_value": 15.224359, "relative_strength": -6.97041, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 42.135421, "energy": 56.890783, "activity_lines": [ 17.243333, 16.772727, 16.404524, 16.321828 ] }, { "date": "2024-06-28", "close": 21.9, "volume": 10750000, "typical_volume": 1535250.0, "trend": 16.505, "fair_value": 15.217308, "relative_strength": 15.914182, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.584962, "energy": 88.223188, "activity_lines": [ 18.886667, 17.770909, 16.939286, 16.681505 ] }, { "date": "2024-07-05", "close": 20.35, "volume": 4875000, "typical_volume": 1717400.0, "trend": 16.616667, "fair_value": 15.207692, "relative_strength": 5.268906, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.98023, "energy": 85.370366, "activity_lines": [ 19.66, 18.379091, 17.292381, 16.92957 ] }, { "date": "2024-07-12", "close": 19.35, "volume": 5061000, "typical_volume": 1786400.0, "trend": 16.71, "fair_value": 15.198397, "relative_strength": -1.416553, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.348556, "energy": 76.587328, "activity_lines": [ 19.803333, 18.713636, 17.538095, 17.105914 ] }, { "date": "2024-07-19", "close": 18.35, "volume": 1086000, "typical_volume": 1798600.0, "trend": 16.745, "fair_value": 15.187179, "relative_strength": -2.203604, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.375073, "energy": 63.465546, "activity_lines": [ 19.446667, 18.798182, 17.678333, 17.21172 ] }, { "date": "2024-07-26", "close": 16.950001, "volume": 1294000, "typical_volume": 1790950.0, "trend": 16.745, "fair_value": 15.171154, "relative_strength": -6.5449, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.520249, "energy": 29.799167, "activity_lines": [ 18.586667, 18.580909, 17.679762, 17.224946 ] }, { "date": "2024-08-02", "close": 16.5, "volume": 746000, "typical_volume": 1773650.0, "trend": 16.731667, "fair_value": 15.15641, "relative_strength": -6.93117, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.405716, "energy": 17.69919, "activity_lines": [ 17.626667, 18.276364, 17.635, 17.20914 ] }, { "date": "2024-08-09", "close": 16.15, "volume": 958000, "typical_volume": 1797650.0, "trend": 16.723333, "fair_value": 15.144551, "relative_strength": -8.134417, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.036906, "energy": 20.192766, "activity_lines": [ 16.91, 17.91, 17.550238, 17.171613 ] }, { "date": "2024-08-16", "close": 16.1, "volume": 613000, "typical_volume": 1819250.0, "trend": 16.731667, "fair_value": 15.130769, "relative_strength": -11.925254, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -10.462492, "energy": 23.302414, "activity_lines": [ 16.456667, 17.53, 17.458095, 17.131398 ] }, { "date": "2024-08-23", "close": 17.200001, "volume": 700000, "typical_volume": 1839650.0, "trend": 16.791667, "fair_value": 15.137179, "relative_strength": -5.121683, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.008977, "energy": 20.605018, "activity_lines": [ 16.586667, 17.363637, 17.468334, 17.161613 ] }, { "date": "2024-08-30", "close": 17.35, "volume": 699000, "typical_volume": 1844500.0, "trend": 16.863333, "fair_value": 15.158654, "relative_strength": -4.823482, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -11.406535, "energy": 13.900107, "activity_lines": [ 16.843334, 17.235455, 17.487857, 17.197635 ] }, { "date": "2024-09-06", "close": 17.4, "volume": 472000, "typical_volume": 1838650.0, "trend": 16.951667, "fair_value": 15.177885, "relative_strength": -0.953373, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.622474, "energy": 7.725549, "activity_lines": [ 17.09, 17.122727, 17.505476, 17.232258 ] }, { "date": "2024-09-13", "close": 17.0, "volume": 387000, "typical_volume": 1833500.0, "trend": 16.925, "fair_value": 15.190385, "relative_strength": -4.807856, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.788237, "energy": 10.519786, "activity_lines": [ 17.143333, 17.019091, 17.478095, 17.235376 ] }, { "date": "2024-09-20", "close": 16.1, "volume": 711000, "typical_volume": 1850750.0, "trend": 16.888333, "fair_value": 15.190064, "relative_strength": -11.477037, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -8.306592, "energy": 6.866008, "activity_lines": [ 16.84, 16.812727, 17.356905, 17.182151 ] }, { "date": "2024-09-27", "close": 16.4, "volume": 396000, "typical_volume": 1844000.0, "trend": 16.861667, "fair_value": 15.194551, "relative_strength": -12.498832, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -15.642291, "energy": 17.284998, "activity_lines": [ 16.636667, 16.72, 17.261905, 17.150645 ] }, { "date": "2024-10-04", "close": 16.5, "volume": 175000, "typical_volume": 1820250.0, "trend": 16.87, "fair_value": 15.203526, "relative_strength": -10.017278, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -15.622097, "energy": 26.674113, "activity_lines": [ 16.52, 16.680909, 17.173333, 17.127312 ] }, { "date": "2024-10-11", "close": 16.4, "volume": 205000, "typical_volume": 1807750.0, "trend": 16.913333, "fair_value": 15.21891, "relative_strength": -12.964464, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.024475, "energy": 38.496979, "activity_lines": [ 16.426667, 16.631818, 17.075952, 17.096989 ] }, { "date": "2024-10-18", "close": 16.15, "volume": 264000, "typical_volume": 1797550.0, "trend": 16.931667, "fair_value": 15.232692, "relative_strength": -16.118793, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -33.430565, "energy": 40.673373, "activity_lines": [ 16.316667, 16.539091, 16.955714, 17.047742 ] }, { "date": "2024-10-25", "close": 16.549999, "volume": 774000, "typical_volume": 1712150.0, "trend": 16.963333, "fair_value": 15.250641, "relative_strength": -13.175002, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -26.700374, "energy": 30.314887, "activity_lines": [ 16.396666, 16.519091, 16.872381, 17.023118 ] }, { "date": "2024-11-01", "close": 16.299999, "volume": 194000, "typical_volume": 1588700.0, "trend": 16.968333, "fair_value": 15.266026, "relative_strength": -12.141327, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -28.217441, "energy": 29.329929, "activity_lines": [ 16.363333, 16.445454, 16.766667, 16.980323 ] }, { "date": "2024-11-08", "close": 16.200001, "volume": 225000, "typical_volume": 1529250.0, "trend": 16.976667, "fair_value": 15.278205, "relative_strength": -15.246005, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.686882, "energy": 40.080177, "activity_lines": [ 16.303333, 16.37, 16.658571, 16.930753 ] }, { "date": "2024-11-15", "close": 16.549999, "volume": 298000, "typical_volume": 1006650.0, "trend": 16.996667, "fair_value": 15.294872, "relative_strength": -10.144097, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.806011, "energy": 25.154404, "activity_lines": [ 16.38, 16.379091, 16.590952, 16.903226 ] }, { "date": "2024-11-22", "close": 18.450001, "volume": 1951134, "typical_volume": 860456.7, "trend": 17.101667, "fair_value": 15.323397, "relative_strength": -0.524655, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 6.399062, "energy": 10.544364, "activity_lines": [ 17.08, 16.749091, 16.729762, 16.996989 ] }, { "date": "2024-11-29", "close": 18.799999, "volume": 1976000, "typical_volume": 706206.7, "trend": 17.208333, "fair_value": 15.354167, "relative_strength": 4.537175, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 33.295232, "energy": 38.75313, "activity_lines": [ 17.743333, 17.156363, 16.910952, 17.106559 ] }, { "date": "2024-12-06", "close": 17.700001, "volume": 1163000, "typical_volume": 710056.7, "trend": 17.273333, "fair_value": 15.369872, "relative_strength": -5.043606, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 16.100813, "energy": 34.272249, "activity_lines": [ 17.89, 17.314545, 16.99, 17.13828 ] }, { "date": "2024-12-13", "close": 17.15, "volume": 514000, "typical_volume": 671056.7, "trend": 17.29, "fair_value": 15.375962, "relative_strength": -6.877111, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 16.225247, "energy": 29.924757, "activity_lines": [ 17.76, 17.349091, 17.019762, 17.130323 ] }, { "date": "2024-12-20", "close": 17.4, "volume": 373000, "typical_volume": 652406.7, "trend": 17.316667, "fair_value": 15.381731, "relative_strength": -2.887483, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 14.614626, "energy": 28.939354, "activity_lines": [ 17.65, 17.417273, 17.072381, 17.137419 ] }, { "date": "2024-12-27", "close": 18.35, "volume": 1772000, "typical_volume": 693106.7, "trend": 17.398333, "fair_value": 15.394872, "relative_strength": -0.57636, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 33.101135, "energy": 21.586631, "activity_lines": [ 17.8, 17.64, 17.21119, 17.204086 ] }, { "date": "2025-01-03", "close": 18.049999, "volume": 594000, "typical_volume": 692156.7, "trend": 17.438333, "fair_value": 15.408974, "relative_strength": -0.205695, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 25.958773, "energy": 18.280923, "activity_lines": [ 17.856666, 17.768182, 17.310952, 17.246129 ] }, { "date": "2025-01-10", "close": 18.200001, "volume": 1390000, "typical_volume": 726656.7, "trend": 17.451667, "fair_value": 15.425321, "relative_strength": 0.527207, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 26.812252, "energy": 21.169407, "activity_lines": [ 18.013333, 17.896364, 17.415714, 17.295269 ] }, { "date": "2025-01-17", "close": 17.4, "volume": 675000, "typical_volume": 725456.7, "trend": 17.441667, "fair_value": 15.421795, "relative_strength": -4.117941, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 21.84782, "energy": 17.3888, "activity_lines": [ 17.87, 17.844546, 17.439524, 17.291935 ] }, { "date": "2025-01-24", "close": 17.4, "volume": 239000, "typical_volume": 713806.7, "trend": 17.291667, "fair_value": 15.428846, "relative_strength": -5.38621, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 9.755239, "energy": 8.71898, "activity_lines": [ 17.71, 17.770909, 17.463095, 17.289247 ] }, { "date": "2025-02-07", "close": 17.299999, "volume": 283677, "typical_volume": 708640.55, "trend": 17.19, "fair_value": 15.437179, "relative_strength": -5.497479, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.138149, "energy": 15.418368, "activity_lines": [ 17.516666, 17.663636, 17.477143, 17.289785 ] }, { "date": "2025-02-14", "close": 16.75, "volume": 570220, "typical_volume": 701601.55, "trend": 17.103333, "fair_value": 15.447115, "relative_strength": -7.004722, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.074752, "energy": 14.387667, "activity_lines": [ 17.21, 17.477273, 17.437381, 17.261398 ] }, { "date": "2025-02-21", "close": 16.700001, "volume": 350029, "typical_volume": 699303.0, "trend": 17.048333, "fair_value": 15.457692, "relative_strength": -8.970222, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.611731, "energy": 15.621863, "activity_lines": [ 16.973333, 17.319091, 17.389762, 17.235376 ] }, { "date": "2025-02-28", "close": 16.6, "volume": 250076, "typical_volume": 703056.8, "trend": 17.036667, "fair_value": 15.467949, "relative_strength": -6.414312, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.184962, "energy": 26.413428, "activity_lines": [ 16.803333, 17.160909, 17.33119, 17.206452 ] }, { "date": "2025-03-07", "close": 16.450001, "volume": 184023, "typical_volume": 702007.95, "trend": 17.035, "fair_value": 15.478526, "relative_strength": -4.872848, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.473085, "energy": 38.224806, "activity_lines": [ 16.636667, 16.985455, 17.257857, 17.168602 ] }, { "date": "2025-03-14", "close": 16.200001, "volume": 232015, "typical_volume": 700408.7, "trend": 17.036667, "fair_value": 15.487821, "relative_strength": -3.522509, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.058966, "energy": 46.622277, "activity_lines": [ 16.450001, 16.781819, 17.160476, 17.114731 ] }, { "date": "2025-03-21", "close": 16.6, "volume": 702068, "typical_volume": 696812.1, "trend": 17.053333, "fair_value": 15.504487, "relative_strength": -2.164755, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.748036, "energy": 37.628228, "activity_lines": [ 16.470001, 16.69, 17.100953, 17.086559 ] }, { "date": "2025-03-28", "close": 16.0, "volume": 193094, "typical_volume": 696766.8, "trend": 17.013333, "fair_value": 15.517628, "relative_strength": -2.98019, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.486561, "energy": 40.859006, "activity_lines": [ 16.3, 16.515455, 16.984048, 17.018602 ] }, { "date": "2025-04-04", "close": 15.65, "volume": 200014, "typical_volume": 695517.5, "trend": 16.956667, "fair_value": 15.525321, "relative_strength": -3.662773, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -71.680295, "energy": 62.763258, "activity_lines": [ 16.06, 16.317273, 16.835238, 16.930645 ] }, { "date": "2025-04-11", "close": 12.7, "volume": 990042, "typical_volume": 730119.6, "trend": 16.8, "fair_value": 15.508974, "relative_strength": -14.428509, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -93.263958, "energy": 86.896873, "activity_lines": [ 14.9, 15.614546, 16.408095, 16.656022 ] }, { "date": "2025-04-18", "close": 12.95, "volume": 330040, "typical_volume": 649064.9, "trend": 16.665, "fair_value": 15.497115, "relative_strength": -11.916168, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.097933, "energy": 95.323484, "activity_lines": [ 14.073333, 15.042727, 16.023095, 16.407635 ] }, { "date": "2025-04-25", "close": 12.85, "volume": 179066, "typical_volume": 559218.2, "trend": 16.556667, "fair_value": 15.477885, "relative_strength": -14.327442, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.658983, "energy": 93.490084, "activity_lines": [ 13.43, 14.531818, 15.654762, 16.161505 ] }, { "date": "2025-05-02", "close": 14.0, "volume": 906106, "typical_volume": 546373.5, "trend": 16.476667, "fair_value": 15.452244, "relative_strength": -10.57023, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.027972, "energy": 87.960993, "activity_lines": [ 13.42, 14.300909, 15.424286, 15.996559 ] }, { "date": "2025-05-09", "close": 14.0, "volume": 376615, "typical_volume": 539504.25, "trend": 16.393333, "fair_value": 15.435256, "relative_strength": -10.892081, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.496565, "energy": 79.879607, "activity_lines": [ 13.543333, 14.119091, 15.211429, 15.836774 ] }, { "date": "2025-05-16", "close": 14.2, "volume": 412114, "typical_volume": 541459.95, "trend": 16.32, "fair_value": 15.426282, "relative_strength": -13.21608, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.324562, "energy": 53.722178, "activity_lines": [ 13.843333, 14.020909, 15.032619, 15.695269 ] }, { "date": "2025-05-23", "close": 15.0, "volume": 1232280, "typical_volume": 514473.95, "trend": 16.281667, "fair_value": 15.43141, "relative_strength": -7.301018, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.878409, "energy": 32.152531, "activity_lines": [ 14.31, 14.109091, 14.945238, 15.610108 ] }, { "date": "2025-05-30", "close": 15.35, "volume": 546036, "typical_volume": 512075.75, "trend": 16.241667, "fair_value": 15.434936, "relative_strength": -3.657292, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.44333, "energy": 24.697186, "activity_lines": [ 14.756667, 14.282727, 14.907143, 15.55 ] }, { "date": "2025-06-06", "close": 15.15, "volume": 464015, "typical_volume": 465776.5, "trend": 16.203333, "fair_value": 15.440385, "relative_strength": -6.163689, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.407112, "energy": 24.823479, "activity_lines": [ 14.97, 14.442727, 14.862857, 15.47957 ] }, { "date": "2025-06-13", "close": 14.9, "volume": 179023, "typical_volume": 440977.65, "trend": 16.16, "fair_value": 15.444872, "relative_strength": -9.211453, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.896941, "energy": 23.488685, "activity_lines": [ 15.023333, 14.572727, 14.809286, 15.395484 ] }, { "date": "2025-06-20", "close": 14.85, "volume": 938112, "typical_volume": 475933.25, "trend": 16.103333, "fair_value": 15.444231, "relative_strength": -9.128636, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.313927, "energy": 18.896442, "activity_lines": [ 15.0, 14.707273, 14.762857, 15.310968 ] }, { "date": "2025-06-27", "close": 14.8, "volume": 384003, "typical_volume": 480949.55, "trend": 15.981667, "fair_value": 15.449359, "relative_strength": -11.334543, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.288129, "energy": 11.422462, "activity_lines": [ 14.916667, 14.793636, 14.72381, 15.226882 ] }, { "date": "2025-07-04", "close": 14.75, "volume": 172060, "typical_volume": 461041.55, "trend": 15.846667, "fair_value": 15.454808, "relative_strength": -10.818133, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.038259, "energy": 15.057807, "activity_lines": [ 14.83, 14.837273, 14.691905, 15.147419 ] }, { "date": "2025-07-11", "close": 14.7, "volume": 144064, "typical_volume": 450743.3, "trend": 15.746667, "fair_value": 15.465705, "relative_strength": -11.409814, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.980883, "energy": 17.823743, "activity_lines": [ 14.766667, 14.837273, 14.664762, 15.073441 ] }, { "date": "2025-07-18", "close": 14.55, "volume": 102178, "typical_volume": 443348.4, "trend": 15.66, "fair_value": 15.477885, "relative_strength": -14.26185, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.402266, "energy": 20.710421, "activity_lines": [ 14.683333, 14.797273, 14.632857, 14.996237 ] }, { "date": "2025-07-25", "close": 14.4, "volume": 111004, "typical_volume": 439697.45, "trend": 15.56, "fair_value": 15.485897, "relative_strength": -14.656885, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.45798, "energy": 23.784647, "activity_lines": [ 14.573333, 14.72, 14.596429, 14.914946 ] }, { "date": "2025-08-01", "close": 14.1, "volume": 118009, "typical_volume": 433997.15, "trend": 15.418333, "fair_value": 15.491987, "relative_strength": -16.317639, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.272133, "energy": 37.29889, "activity_lines": [ 14.393333, 14.584545, 14.54119, 14.820753 ] }, { "date": "2025-08-08", "close": 14.2, "volume": 209076, "typical_volume": 409347.55, "trend": 15.29, "fair_value": 15.486538, "relative_strength": -17.404497, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.209355, "energy": 42.840856, "activity_lines": [ 14.293333, 14.483636, 14.505476, 14.742151 ] }, { "date": "2025-08-15", "close": 13.9, "volume": 152072, "typical_volume": 407296.45, "trend": 15.146667, "fair_value": 15.485577, "relative_strength": -19.800005, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.352722, "energy": 53.624611, "activity_lines": [ 14.13, 14.349091, 14.452619, 14.652473 ] }, { "date": "2025-08-22", "close": 13.65, "volume": 223142, "typical_volume": 408452.85, "trend": 15.021667, "fair_value": 15.479808, "relative_strength": -19.034227, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.632182, "energy": 65.370742, "activity_lines": [ 13.936667, 14.191818, 14.385952, 14.555914 ] }, { "date": "2025-08-29", "close": 13.8, "volume": 212007, "typical_volume": 369551.1, "trend": 14.901667, "fair_value": 15.460577, "relative_strength": -19.274971, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.104347, "energy": 60.267827, "activity_lines": [ 13.853333, 14.084545, 14.343095, 14.477097 ] }, { "date": "2025-09-05", "close": 13.75, "volume": 145014, "typical_volume": 360299.8, "trend": 14.783333, "fair_value": 15.448397, "relative_strength": -19.950808, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.444487, "energy": 59.913674, "activity_lines": [ 13.793333, 13.987273, 14.290238, 14.402796 ] }, { "date": "2025-09-12", "close": 13.2, "volume": 318008, "typical_volume": 367246.9, "trend": 14.665, "fair_value": 15.416667, "relative_strength": -25.509509, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.813937, "energy": 66.826293, "activity_lines": [ 13.573333, 13.809091, 14.18119, 14.300645 ] }, { "date": "2025-09-19", "close": 13.15, "volume": 241025, "typical_volume": 333992.85, "trend": 14.546667, "fair_value": 15.391987, "relative_strength": -25.542682, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.425845, "energy": 75.463088, "activity_lines": [ 13.403333, 13.65, 14.065714, 14.202903 ] }, { "date": "2025-09-26", "close": 13.0, "volume": 147486, "typical_volume": 322536.4, "trend": 14.426667, "fair_value": 15.371154, "relative_strength": -25.947275, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.72469, "energy": 84.039795, "activity_lines": [ 13.233333, 13.491818, 13.94, 14.103118 ] }, { "date": "2025-10-03", "close": 12.6, "volume": 155002, "typical_volume": 309680.8, "trend": 14.298333, "fair_value": 15.351282, "relative_strength": -30.912982, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.864064, "energy": 90.330886, "activity_lines": [ 12.973333, 13.289091, 13.780952, 13.985269 ] }, { "date": "2025-10-10", "close": 12.9, "volume": 160003, "typical_volume": 256066.95, "trend": 14.188333, "fair_value": 15.341346, "relative_strength": -30.14231, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.372088, "energy": 80.796675, "activity_lines": [ 12.893333, 13.173636, 13.658095, 13.895054 ] }, { "date": "2025-10-17", "close": 12.25, "volume": 300004, "typical_volume": 243765.35, "trend": 14.043333, "fair_value": 15.325962, "relative_strength": -33.1551, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.336016, "energy": 84.626354, "activity_lines": [ 12.653333, 12.961818, 13.483333, 13.77 ] }, { "date": "2025-10-24", "close": 12.6, "volume": 141003, "typical_volume": 227614.75, "trend": 13.93, "fair_value": 15.315064, "relative_strength": -31.367154, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.567774, "energy": 62.224511, "activity_lines": [ 12.593333, 12.849091, 13.356667, 13.676882 ] }, { "date": "2025-10-31", "close": 12.1, "volume": 165001, "typical_volume": 226913.65, "trend": 13.811667, "fair_value": 15.302885, "relative_strength": -35.203611, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.199357, "energy": 64.254966, "activity_lines": [ 12.403333, 12.669091, 13.194524, 13.558817 ] }, { "date": "2025-11-07", "close": 12.1, "volume": 145092, "typical_volume": 187262.65, "trend": 13.791667, "fair_value": 15.290705, "relative_strength": -33.300914, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.774676, "energy": 66.900966, "activity_lines": [ 12.273333, 12.517273, 13.045714, 13.448387 ] }, { "date": "2025-11-14", "close": 12.0, "volume": 155180, "typical_volume": 175821.5, "trend": 13.76, "fair_value": 15.275321, "relative_strength": -32.746693, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.892668, "energy": 70.409303, "activity_lines": [ 12.143333, 12.378182, 12.900476, 13.332796 ] }, { "date": "2025-11-21", "close": 11.25, "volume": 238005, "typical_volume": 179118.75, "trend": 13.706667, "fair_value": 15.258013, "relative_strength": -34.065995, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.461564, "energy": 86.401822, "activity_lines": [ 11.823333, 12.134545, 12.697143, 13.17086 ] }, { "date": "2025-11-28", "close": 11.35, "volume": 230002, "typical_volume": 183415.65, "trend": 13.618333, "fair_value": 15.240385, "relative_strength": -35.591549, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.632393, "energy": 86.295103, "activity_lines": [ 11.603333, 11.944545, 12.52, 13.018817 ] }, { "date": "2025-12-05", "close": 11.2, "volume": 132007, "typical_volume": 184907.1, "trend": 13.525, "fair_value": 15.219872, "relative_strength": -36.396005, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.016648, "energy": 87.660685, "activity_lines": [ 11.416667, 11.76, 12.344524, 12.862796 ] }, { "date": "2025-12-12", "close": 11.2, "volume": 143030, "typical_volume": 186508.4, "trend": 13.425, "fair_value": 15.197756, "relative_strength": -36.171974, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.259403, "energy": 86.194715, "activity_lines": [ 11.29, 11.608182, 12.185, 12.712796 ] }, { "date": "2025-12-19", "close": 11.35, "volume": 115014, "typical_volume": 186358.65, "trend": 13.303333, "fair_value": 15.177564, "relative_strength": -33.456227, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.038818, "energy": 74.873298, "activity_lines": [ 11.273333, 11.509091, 12.055, 12.578925 ] }, { "date": "2025-12-26", "close": 11.05, "volume": 199006, "typical_volume": 185855.15, "trend": 13.16, "fair_value": 15.149038, "relative_strength": -36.398751, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.257636, "energy": 66.809755, "activity_lines": [ 11.2, 11.383636, 11.909524, 12.433548 ] }, { "date": "2026-01-02", "close": 11.0, "volume": 249307, "typical_volume": 190716.9, "trend": 13.021667, "fair_value": 15.121474, "relative_strength": -37.582949, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.991507, "energy": 65.692924, "activity_lines": [ 11.123333, 11.270909, 11.774286, 12.294194 ] }, { "date": "2026-01-09", "close": 11.25, "volume": 327209, "typical_volume": 195920.25, "trend": 12.9, "fair_value": 15.095833, "relative_strength": -37.307422, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.778224, "energy": 59.714014, "activity_lines": [ 11.153333, 11.232727, 11.676667, 12.179892 ] }, { "date": "2026-01-16", "close": 12.15, "volume": 1123352, "typical_volume": 241487.5, "trend": 12.81, "fair_value": 15.078205, "relative_strength": -33.838084, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.328318, "energy": 36.224439, "activity_lines": [ 11.48, 11.373636, 11.67619, 12.131505 ] }, { "date": "2026-01-23", "close": 12.05, "volume": 308042, "typical_volume": 249638.9, "trend": 12.718333, "fair_value": 15.059936, "relative_strength": -34.71301, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.021294, "energy": 22.400239, "activity_lines": [ 11.71, 11.495455, 11.674048, 12.082473 ] }, { "date": "2026-01-30", "close": 12.95, "volume": 3609750, "typical_volume": 414226.0, "trend": 12.658333, "fair_value": 15.046795, "relative_strength": -29.269713, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 11.198548, "energy": 22.868374, "activity_lines": [ 12.193333, 11.78, 11.765714, 12.097419 ] }, { "date": "2026-02-06", "close": 12.65, "volume": 399024, "typical_volume": 422125.95, "trend": 12.59, "fair_value": 15.027885, "relative_strength": -29.493182, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 4.821664, "energy": 26.039096, "activity_lines": [ 12.45, 11.979091, 11.83, 12.096882 ] }, { "date": "2026-02-13", "close": 12.4, "volume": 130018, "typical_volume": 421252.55, "trend": 12.518333, "fair_value": 15.002885, "relative_strength": -33.836362, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 0.456176, "energy": 22.957937, "activity_lines": [ 12.513333, 12.109091, 11.872857, 12.084624 ] }, { "date": "2026-02-27", "close": 12.6, "volume": 264111, "typical_volume": 426708.0, "trend": 12.458333, "fair_value": 14.982372, "relative_strength": -35.428212, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 22.247567, "energy": 30.9702, "activity_lines": [ 12.566667, 12.253636, 11.937619, 12.089892 ] }, { "date": "2026-03-06", "close": 12.5, "volume": 333029, "typical_volume": 435359.3, "trend": 12.405, "fair_value": 14.9625, "relative_strength": -31.650111, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 17.500747, "energy": 27.896872, "activity_lines": [ 12.556667, 12.354545, 11.992857, 12.092581 ] }, { "date": "2026-03-13", "close": 12.35, "volume": 240097, "typical_volume": 432363.95, "trend": 12.343333, "fair_value": 14.942628, "relative_strength": -31.195076, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 14.54036, "energy": 15.930388, "activity_lines": [ 12.466667, 12.407273, 12.035714, 12.089032 ] }, { "date": "2026-03-20", "close": 12.25, "volume": 275035, "typical_volume": 439065.55, "trend": 12.288333, "fair_value": 14.924359, "relative_strength": -31.126849, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 2.18161, "energy": 8.212957, "activity_lines": [ 12.383333, 12.418182, 12.068571, 12.083011 ] }, { "date": "2026-03-27", "close": 12.15, "volume": 211025, "typical_volume": 441366.75, "trend": 12.238333, "fair_value": 14.905769, "relative_strength": -29.830974, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 6.969238, "energy": 6.004625, "activity_lines": [ 12.293333, 12.388182, 12.093571, 12.074086 ] }, { "date": "2026-04-03", "close": 12.15, "volume": 128023, "typical_volume": 440513.3, "trend": 12.183333, "fair_value": 14.884936, "relative_strength": -27.689725, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 4.42654, "energy": 7.09847, "activity_lines": [ 12.22, 12.341818, 12.118333, 12.068387 ] }, { "date": "2026-04-10", "close": 11.9, "volume": 82137, "typical_volume": 436861.15, "trend": 12.121667, "fair_value": 14.863782, "relative_strength": -33.884342, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.266907, "energy": 9.223181, "activity_lines": [ 12.093333, 12.25, 12.119048, 12.050108 ] }, { "date": "2026-04-17", "close": 11.5, "volume": 421017, "typical_volume": 446011.75, "trend": 12.065, "fair_value": 14.839423, "relative_strength": -37.717434, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.495961, "energy": 17.803385, "activity_lines": [ 11.873333, 12.088182, 12.082143, 12.01 ] }, { "date": "2026-04-24", "close": 11.05, "volume": 191022, "typical_volume": 444062.75, "trend": 11.995, "fair_value": 14.813141, "relative_strength": -42.580846, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -44.171888, "energy": 47.940616, "activity_lines": [ 11.56, 11.870909, 12.00119, 11.944516 ] }, { "date": "2026-05-01", "close": 10.8, "volume": 169002, "typical_volume": 445912.5, "trend": 11.921667, "fair_value": 14.786538, "relative_strength": -43.053716, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -66.476335, "energy": 68.920224, "activity_lines": [ 11.243333, 11.637273, 11.897857, 11.867419 ] }, { "date": "2026-05-08", "close": 10.85, "volume": 189057, "typical_volume": 448213.85, "trend": 11.863333, "fair_value": 14.761538, "relative_strength": -45.585291, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.022519, "energy": 79.504911, "activity_lines": [ 11.033333, 11.441818, 11.80119, 11.79828 ] }, { "date": "2026-05-15", "close": 10.4, "volume": 280105, "typical_volume": 456468.4, "trend": 11.78, "fair_value": 14.732372, "relative_strength": -46.399, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.388151, "energy": 92.991368, "activity_lines": [ 10.76, 11.196364, 11.663333, 11.703871 ] }, { "date": "2026-05-22", "close": 11.0, "volume": 289024, "typical_volume": 460969.3, "trend": 11.738333, "fair_value": 14.710577, "relative_strength": -43.883455, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.899888, "energy": 82.410941, "activity_lines": [ 10.786667, 11.098182, 11.587143, 11.653548 ] }, { "date": "2026-05-29", "close": 10.9, "volume": 295911, "typical_volume": 463299.5, "trend": 11.681667, "fair_value": 14.688462, "relative_strength": -46.460688, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.309408, "energy": 75.789608, "activity_lines": [ 10.813333, 11.006364, 11.501667, 11.599462 ] }, { "date": "2026-06-05", "close": 11.95, "volume": 932199, "typical_volume": 493549.0, "trend": 11.676667, "fair_value": 14.672756, "relative_strength": -40.604193, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.369538, "energy": 25.704456, "activity_lines": [ 11.2, 11.13, 11.516667, 11.616774 ] }, { "date": "2026-06-12", "close": 11.9, "volume": 373007, "typical_volume": 456031.75, "trend": 11.67, "fair_value": 14.655128, "relative_strength": -38.505792, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.116908, "energy": 19.268723, "activity_lines": [ 11.493333, 11.248182, 11.523571, 11.631183 ] }, { "date": "2026-06-19", "close": 12.0, "volume": 268000, "typical_volume": 454029.65, "trend": 11.67, "fair_value": 14.640705, "relative_strength": -39.95496, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 8.851595, "energy": 21.691796, "activity_lines": [ 11.75, 11.389091, 11.54119, 11.652473 ] }, { "date": "2026-06-26", "close": 11.85, "volume": 301082, "typical_volume": 288596.25, "trend": 11.69, "fair_value": 14.625962, "relative_strength": -37.038839, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 4.956234, "energy": 23.143652, "activity_lines": [ 11.85, 11.500909, 11.544762, 11.664086 ] }, { "date": "2026-07-03", "close": 12.05, "volume": 271006, "typical_volume": 282195.35, "trend": 11.713333, "fair_value": 14.612821, "relative_strength": -37.873555, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.627275, "energy": 27.404036, "activity_lines": [ 11.96, 11.642727, 11.572619, 11.687312 ] }, { "date": "2026-07-10", "close": 11.95, "volume": 278002, "typical_volume": 289594.55, "trend": 11.738333, "fair_value": 14.598077, "relative_strength": -35.279168, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 16.373704, "energy": 22.429299, "activity_lines": [ 11.96, 11.748182, 11.59381, 11.702581 ] }, { "date": "2026-07-17", "close": 11.85, "volume": 256504, "typical_volume": 289214.2, "trend": 11.76, "fair_value": 14.583654, "relative_strength": -30.576707, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 13.403242, "energy": 17.053091, "activity_lines": [ 11.926667, 11.814545, 11.607619, 11.709785 ] }, { "date": "2026-07-24", "close": 11.45, "volume": 145101, "typical_volume": 279817.8, "trend": 11.763333, "fair_value": 14.567628, "relative_strength": -33.276815, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.468681, "energy": 8.162457, "activity_lines": [ 11.763333, 11.79, 11.586905, 11.689785 ] }, { "date": "2026-07-31", "close": 11.6, "volume": 69000, "typical_volume": 271262.95, "trend": 11.781667, "fair_value": 14.553205, "relative_strength": -30.380997, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -25.260394, "energy": 12.592402, "activity_lines": [ 11.686667, 11.773636, 11.585476, 11.679247 ] }, { "date": "2026-08-07", "close": 11.35, "volume": 32004, "typical_volume": 259111.4, "trend": 11.793333, "fair_value": 14.538141, "relative_strength": -32.424771, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -36.913724, "energy": 20.338301, "activity_lines": [ 11.543333, 11.700909, 11.56381, 11.651398 ] }, { "date": "2026-08-14", "close": 11.0, "volume": 141000, "typical_volume": 255610.15, "trend": 11.785, "fair_value": 14.522756, "relative_strength": -35.630495, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.124449, "energy": 30.709238, "activity_lines": [ 11.33, 11.556364, 11.513095, 11.600215 ] } ], "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." } } }