{ "ticker": { "uuid": "2b70148a-8f8d-46a3-9a1d-2c6b05810610", "symbol": "301038", "name": "Shenzhen Water Planning & Design Institute Co., Ltd.", "exchange": "SHZ", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "399001.SZ", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -62.482, "architecture_energy": 54.657, "architecture_maturity": 74.564, "architecture_confidence": 75.642, "architecture_tenure": "Extended", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 11.69, "rotation_up": 13.73, "upward_expansion": 8.1, "deceleration": 47.64, "rotation_down": 67.13, "downward_expansion": 81.43 }, "activity_lines": [ 15.862667, 16.402988, 17.719552, 18.701652 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 16.49, "trend_reference": 20.160008, "distance_from_trend": -0.182044, "trend_direction": "Weakening", "fair_value": 16.965915, "distance_from_fair_value": -0.028051, "fair_value_direction": "Weakening", "relative_strength": -31.758897, "relative_strength_direction": "Weakening", "price_momentum": -0.284288, "excess_performance": -0.291688, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.182044, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.105747, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.028051, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.23085, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.317589, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.028415, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.284288, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 2.10094, "read": "Demand-led" } ], "volume": { "latest": 21041937, "relative_activity": 1.1625, "balance": 2.10094, "dry_up": 1.322291, "accumulation_observations": 6, "distribution_observations": 2 }, "risk": { "range_context": 0.130189, "annualized_volatility": 0.498222, "from_high_reference": -0.58775, "from_low_reference": 0.198401 }, "levels": { "trend_reference": 20.160008, "fair_value_reference": 16.965915, "structural_low": 13.76, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 14, "median_return": -0.032755, "positive_rate": 0.285714, "directional_follow_through": 0.714286, "median_excess_return": -0.026535, "regime_survival": 0.857143, "best_return": 0.124093, "worst_return": -0.19921, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": -0.133278, "positive_rate": 0.2, "directional_follow_through": 0.8, "median_excess_return": -0.187475, "regime_survival": 0.8, "best_return": 0.539446, "worst_return": -0.298949, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.205982, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.182155, "regime_survival": 0.666667, "best_return": 0.264392, "worst_return": -0.392384, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 0.00395, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": -0.15511, "regime_survival": 0.0, "best_return": 0.00395, "worst_return": 0.00395, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-31", "end": "2024-07-26", "tenure": "Developing", "return": -0.10418, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-02", "end": "2024-09-20", "tenure": "Developing", "return": 0.0, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-27", "end": "2024-10-04", "tenure": "New", "return": 0.124597, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-11", "end": "2024-11-29", "tenure": "Developing", "return": -0.031047, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-06", "end": "2024-12-13", "tenure": "New", "return": 0.025023, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-20", "end": "2025-01-03", "tenure": "New", "return": -0.249229, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-02-21", "tenure": "Developing", "return": 0.066628, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-28", "end": "2025-03-28", "tenure": "Developing", "return": 0.125566, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-04-04", "end": "2025-04-11", "tenure": "New", "return": -0.065252, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-18", "end": "2025-06-27", "tenure": "Developing", "return": 0.15423, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-04", "end": "2025-09-19", "tenure": "Developing", "return": 0.780779, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-26", "end": "2025-12-12", "tenure": "Developing", "return": -0.085511, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-12-19", "end": "2026-01-02", "tenure": "New", "return": 0.012085, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-09", "end": "2026-08-07", "tenure": "Extended", "return": -0.317467, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 16.690887, "volume": 110315360, "typical_volume": 35527988.1, "trend": 13.04481, "fair_value": 13.257471, "relative_strength": 32.008468, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.050264, "energy": 61.339194, "activity_lines": [ 15.351637, 14.76821, 14.057611, 13.625464 ] }, { "date": "2023-08-04", "close": 15.374596, "volume": 89212695, "typical_volume": 39421868.6, "trend": 13.180265, "fair_value": 13.278228, "relative_strength": 19.711988, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.541843, "energy": 49.793668, "activity_lines": [ 15.499592, 14.908606, 14.236579, 13.775773 ] }, { "date": "2023-08-11", "close": 15.451124, "volume": 85680908, "typical_volume": 43294660.65, "trend": 13.306282, "fair_value": 13.299324, "relative_strength": 24.487243, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.273097, "energy": 46.141846, "activity_lines": [ 15.571019, 15.075577, 14.410955, 13.92228 ] }, { "date": "2023-08-18", "close": 14.609309, "volume": 55615501, "typical_volume": 45719533.0, "trend": 13.415463, "fair_value": 13.31192, "relative_strength": 20.961235, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.797403, "energy": 31.436507, "activity_lines": [ 15.310821, 15.059158, 14.49171, 14.006346 ] }, { "date": "2023-08-25", "close": 15.122051, "volume": 48477423, "typical_volume": 47823580.05, "trend": 13.525919, "fair_value": 13.329159, "relative_strength": 28.470716, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.820804, "energy": 24.927101, "activity_lines": [ 15.189396, 15.130678, 14.609236, 14.116449 ] }, { "date": "2023-09-01", "close": 15.106746, "volume": 73354804, "typical_volume": 50806458.95, "trend": 13.623366, "fair_value": 13.345929, "relative_strength": 23.495572, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.371493, "energy": 19.494053, "activity_lines": [ 15.075114, 15.176734, 14.711493, 14.218438 ] }, { "date": "2023-09-08", "close": 14.387377, "volume": 38345023, "typical_volume": 52067749.65, "trend": 13.694793, "fair_value": 13.355662, "relative_strength": 19.025353, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.821066, "energy": 14.726062, "activity_lines": [ 14.826651, 15.059576, 14.733176, 14.267729 ] }, { "date": "2023-09-15", "close": 12.986903, "volume": 28839849, "typical_volume": 53041853.3, "trend": 13.721323, "fair_value": 13.352247, "relative_strength": 8.501547, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.117309, "energy": 10.230589, "activity_lines": [ 14.177178, 14.677907, 14.610293, 14.222058 ] }, { "date": "2023-09-22", "close": 13.277712, "volume": 17906479, "typical_volume": 53645430.55, "trend": 13.750658, "fair_value": 13.351564, "relative_strength": 10.139581, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.860587, "energy": 12.263329, "activity_lines": [ 13.788923, 14.380002, 14.510223, 14.193438 ] }, { "date": "2023-09-29", "close": 14.287889, "volume": 25560459, "typical_volume": 54446566.95, "trend": 13.790708, "fair_value": 13.360076, "relative_strength": 18.82992, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.416726, "energy": 14.5203, "activity_lines": [ 13.826167, 14.281211, 14.502862, 14.228098 ] }, { "date": "2023-10-13", "close": 13.88994, "volume": 27237467, "typical_volume": 55411175.0, "trend": 13.813412, "fair_value": 13.364849, "relative_strength": 15.615142, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -10.186649, "energy": 14.991531, "activity_lines": [ 13.786372, 14.128571, 14.448854, 14.2345 ] }, { "date": "2023-10-20", "close": 14.417987, "volume": 26614911, "typical_volume": 54342863.15, "trend": 13.864686, "fair_value": 13.374252, "relative_strength": 25.617685, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.908239, "energy": 9.271492, "activity_lines": [ 14.003713, 14.122866, 14.438578, 14.273505 ] }, { "date": "2023-10-27", "close": 17.371992, "volume": 108728188, "typical_volume": 54246799.0, "trend": 14.022845, "fair_value": 13.40963, "relative_strength": 46.830197, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.555962, "energy": 28.176878, "activity_lines": [ 15.203681, 14.671645, 14.717506, 14.499783 ] }, { "date": "2023-11-03", "close": 15.581223, "volume": 73182150, "typical_volume": 54038164.05, "trend": 14.139679, "fair_value": 13.42868, "relative_strength": 29.799835, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 46.698491, "energy": 33.329456, "activity_lines": [ 15.514388, 14.859906, 14.808794, 14.600323 ] }, { "date": "2023-11-10", "close": 15.030216, "volume": 48443355, "typical_volume": 54322218.4, "trend": 14.233299, "fair_value": 13.442606, "relative_strength": 22.928391, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 48.2856, "energy": 35.545354, "activity_lines": [ 15.487857, 14.930312, 14.841592, 14.657777 ] }, { "date": "2023-11-17", "close": 15.213884, "volume": 32495753, "typical_volume": 54952902.85, "trend": 14.321307, "fair_value": 13.457876, "relative_strength": 23.613861, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 49.0215, "energy": 40.837253, "activity_lines": [ 15.473062, 15.035782, 14.886379, 14.721041 ] }, { "date": "2023-11-24", "close": 17.211281, "volume": 106634163, "typical_volume": 58246624.2, "trend": 14.493751, "fair_value": 13.489956, "relative_strength": 40.492242, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.542931, "energy": 47.195377, "activity_lines": [ 16.035802, 15.502467, 15.112394, 14.907491 ] }, { "date": "2023-12-01", "close": 15.275108, "volume": 50822323, "typical_volume": 58155571.8, "trend": 14.604207, "fair_value": 13.505084, "relative_strength": 25.353632, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.049444, "energy": 26.244047, "activity_lines": [ 15.766931, 15.565777, 15.137976, 14.957901 ] }, { "date": "2023-12-08", "close": 14.379724, "volume": 25963816, "typical_volume": 56498156.15, "trend": 14.66543, "fair_value": 13.512434, "relative_strength": 19.448682, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 26.448025, "energy": 14.763389, "activity_lines": [ 15.339392, 15.424686, 15.075478, 14.943418 ] }, { "date": "2023-12-15", "close": 15.099092, "volume": 24947258, "typical_volume": 54918894.25, "trend": 14.753693, "fair_value": 13.525656, "relative_strength": 26.759358, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 30.733408, "energy": 14.906529, "activity_lines": [ 15.231742, 15.394353, 15.080288, 14.971396 ] }, { "date": "2023-12-22", "close": 14.142484, "volume": 19704963, "typical_volume": 50388374.4, "trend": 14.808029, "fair_value": 13.530754, "relative_strength": 20.04759, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.279028, "energy": 9.260262, "activity_lines": [ 14.80063, 15.175342, 14.994977, 14.931964 ] }, { "date": "2023-12-29", "close": 14.685838, "volume": 21688474, "typical_volume": 47012163.35, "trend": 14.761856, "fair_value": 13.540222, "relative_strength": 19.860716, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 3.206877, "energy": 10.176303, "activity_lines": [ 14.622064, 15.050531, 14.973549, 14.92408 ] }, { "date": "2024-01-05", "close": 14.203709, "volume": 10635257, "typical_volume": 43259880.8, "trend": 14.775887, "fair_value": 13.545616, "relative_strength": 20.227313, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.861521, "energy": 13.365586, "activity_lines": [ 14.45115, 14.83319, 14.909484, 14.888071 ] }, { "date": "2024-01-12", "close": 14.364418, "volume": 18607988, "typical_volume": 41409505.15, "trend": 14.777417, "fair_value": 13.55222, "relative_strength": 22.178575, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.361375, "energy": 15.078944, "activity_lines": [ 14.405233, 14.702674, 14.866664, 14.861524 ] }, { "date": "2024-01-19", "close": 13.017514, "volume": 9724617, "typical_volume": 39471864.85, "trend": 14.748846, "fair_value": 13.547942, "relative_strength": 12.605246, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -61.834151, "energy": 43.932835, "activity_lines": [ 13.911369, 14.34939, 14.696734, 14.747982 ] }, { "date": "2024-01-26", "close": 13.560867, "volume": 17010614, "typical_volume": 36654655.35, "trend": 14.756754, "fair_value": 13.548044, "relative_strength": 16.662607, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.103372, "energy": 50.328103, "activity_lines": [ 13.737393, 14.131493, 14.588574, 14.671339 ] }, { "date": "2024-02-02", "close": 10.752268, "volume": 20420449, "typical_volume": 35758426.65, "trend": 14.653696, "fair_value": 13.52603, "relative_strength": 0.107016, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.320527, "energy": 73.975613, "activity_lines": [ 12.665993, 13.432995, 14.220289, 14.412985 ] }, { "date": "2024-02-09", "close": 9.091598, "volume": 23888131, "typical_volume": 35510840.75, "trend": 14.467221, "fair_value": 13.491386, "relative_strength": -22.716241, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.490161, "energy": 85.882812, "activity_lines": [ 11.303274, 12.549994, 13.711155, 14.05414 ] }, { "date": "2024-02-23", "close": 10.790532, "volume": 31886771, "typical_volume": 36209855.35, "trend": 14.356, "fair_value": 13.47045, "relative_strength": -11.005671, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.50958, "energy": 78.559404, "activity_lines": [ 10.847674, 12.088318, 13.382374, 13.816934 ] }, { "date": "2024-03-01", "close": 10.859408, "volume": 26200002, "typical_volume": 36241832.5, "trend": 14.207789, "fair_value": 13.450365, "relative_strength": -14.042184, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.324571, "energy": 80.290183, "activity_lines": [ 10.653291, 11.704423, 13.071995, 13.591347 ] }, { "date": "2024-03-08", "close": 10.966547, "volume": 36591839, "typical_volume": 36709551.1, "trend": 14.016978, "fair_value": 13.431404, "relative_strength": -12.734218, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.371064, "energy": 75.883763, "activity_lines": [ 10.638495, 11.417093, 12.788147, 13.382235 ] }, { "date": "2024-03-15", "close": 11.471637, "volume": 23694777, "typical_volume": 36563544.4, "trend": 13.886879, "fair_value": 13.416557, "relative_strength": -11.142887, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.759774, "energy": 48.564989, "activity_lines": [ 10.965017, 11.279341, 12.566324, 13.218019 ] }, { "date": "2024-03-22", "close": 11.548165, "volume": 30333464, "typical_volume": 32643808.2, "trend": 13.756781, "fair_value": 13.402509, "relative_strength": -10.176869, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.244717, "energy": 36.685038, "activity_lines": [ 11.269091, 11.213944, 12.365819, 13.067134 ] }, { "date": "2024-03-29", "close": 11.816015, "volume": 22440347, "typical_volume": 30106718.05, "trend": 13.663671, "fair_value": 13.39067, "relative_strength": -6.6367, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.614001, "energy": 29.574884, "activity_lines": [ 11.498677, 11.245529, 12.218556, 12.941924 ] }, { "date": "2024-04-05", "close": 11.976725, "volume": 14340832, "typical_volume": 28401591.9, "trend": 13.558827, "fair_value": 13.380196, "relative_strength": -7.018834, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.762242, "energy": 22.511416, "activity_lines": [ 11.713467, 11.352669, 12.104528, 12.833089 ] }, { "date": "2024-04-12", "close": 10.790532, "volume": 13121942, "typical_volume": 27432901.35, "trend": 13.414953, "fair_value": 13.361155, "relative_strength": -13.526204, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.22097, "energy": 27.694305, "activity_lines": [ 11.458371, 11.263061, 11.89207, 12.654489 ] }, { "date": "2024-04-19", "close": 10.935936, "volume": 23131851, "typical_volume": 23257785.75, "trend": 13.299905, "fair_value": 13.343452, "relative_strength": -13.039325, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.790639, "energy": 27.552615, "activity_lines": [ 11.263479, 11.25026, 11.714524, 12.494552 ] }, { "date": "2024-04-26", "close": 11.42572, "volume": 59055498, "typical_volume": 23669444.5, "trend": 13.247865, "fair_value": 13.329556, "relative_strength": -11.094219, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.156515, "energy": 28.256382, "activity_lines": [ 11.26756, 11.323171, 11.613506, 12.373637 ] }, { "date": "2024-05-03", "close": 11.173176, "volume": 12913057, "typical_volume": 23016906.55, "trend": 13.177714, "fair_value": 13.314042, "relative_strength": -14.315127, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.593421, "energy": 31.350343, "activity_lines": [ 11.195624, 11.307726, 11.506767, 12.239786 ] }, { "date": "2024-05-10", "close": 11.639999, "volume": 30331168, "typical_volume": 23286102.05, "trend": 13.089451, "fair_value": 13.302085, "relative_strength": -12.232421, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.942313, "energy": 26.992311, "activity_lines": [ 11.322151, 11.370201, 11.459756, 12.140579 ] }, { "date": "2024-05-17", "close": 12.38998, "volume": 45726173, "typical_volume": 24587162.55, "trend": 13.039453, "fair_value": 13.295616, "relative_strength": -6.570836, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.073392, "energy": 10.815477, "activity_lines": [ 11.72112, 11.554844, 11.500645, 12.095452 ] }, { "date": "2024-05-24", "close": 11.816015, "volume": 40633481, "typical_volume": 25534412.9, "trend": 12.95272, "fair_value": 13.285196, "relative_strength": -8.363948, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.874935, "energy": 12.243191, "activity_lines": [ 11.822138, 11.609249, 11.495215, 12.01652 ] }, { "date": "2024-05-31", "close": 11.53286, "volume": 18426005, "typical_volume": 25923950.3, "trend": 12.758082, "fair_value": 13.272942, "relative_strength": -10.115595, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.643057, "energy": 12.236398, "activity_lines": [ 11.770098, 11.60591, 11.476483, 11.924916 ] }, { "date": "2024-06-07", "close": 10.361972, "volume": 17075796, "typical_volume": 25847340.7, "trend": 12.584107, "fair_value": 13.252727, "relative_strength": -17.88528, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.219498, "energy": 23.152606, "activity_lines": [ 11.32062, 11.38996, 11.358957, 11.770329 ] }, { "date": "2024-06-14", "close": 10.752268, "volume": 8533273, "typical_volume": 25787773.5, "trend": 12.441509, "fair_value": 13.235482, "relative_strength": -14.6511, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.813668, "energy": 32.410575, "activity_lines": [ 11.055321, 11.27141, 11.297662, 11.652145 ] }, { "date": "2024-06-21", "close": 12.06856, "volume": 44431695, "typical_volume": 27158827.55, "trend": 12.336665, "fair_value": 13.22749, "relative_strength": -2.228806, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.482947, "energy": 17.678197, "activity_lines": [ 11.287968, 11.414449, 11.372514, 11.628084 ] }, { "date": "2024-06-28", "close": 11.096646, "volume": 39668721, "typical_volume": 28121241.15, "trend": 12.132844, "fair_value": 13.212994, "relative_strength": -7.941722, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.325317, "energy": 25.274193, "activity_lines": [ 11.218072, 11.357539, 11.361909, 11.548083 ] }, { "date": "2024-07-05", "close": 10.591558, "volume": 22442928, "typical_volume": 28048981.0, "trend": 11.976725, "fair_value": 13.195282, "relative_strength": -10.601071, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.398566, "energy": 25.296787, "activity_lines": [ 11.027771, 11.205874, 11.301561, 11.448645 ] }, { "date": "2024-07-12", "close": 10.844102, "volume": 22211127, "typical_volume": 27565198.8, "trend": 11.858871, "fair_value": 13.179502, "relative_strength": -10.069248, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.321219, "energy": 22.130739, "activity_lines": [ 10.984405, 11.115292, 11.258122, 11.375573 ] }, { "date": "2024-07-19", "close": 10.06351, "volume": 18480730, "typical_volume": 27179235.2, "trend": 11.691019, "fair_value": 13.158729, "relative_strength": -16.746695, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.590718, "energy": 43.263161, "activity_lines": [ 10.648699, 10.888767, 11.140086, 11.259743 ] }, { "date": "2024-07-26", "close": 10.331361, "volume": 14979912, "typical_volume": 26098638.85, "trend": 11.563981, "fair_value": 13.140005, "relative_strength": -11.396159, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.279849, "energy": 49.481997, "activity_lines": [ 10.448194, 10.739606, 11.051349, 11.172023 ] }, { "date": "2024-08-02", "close": 10.767573, "volume": 25250773, "typical_volume": 26176438.65, "trend": 11.433372, "fair_value": 13.124396, "relative_strength": -6.977085, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.382046, "energy": 40.670298, "activity_lines": [ 10.508907, 10.707185, 11.007181, 11.120642 ] }, { "date": "2024-08-09", "close": 10.484417, "volume": 17278061, "typical_volume": 25523668.5, "trend": 11.309396, "fair_value": 13.107142, "relative_strength": -7.363282, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.471908, "energy": 40.163073, "activity_lines": [ 10.497172, 10.642345, 10.939398, 11.059419 ] }, { "date": "2024-08-16", "close": 10.140039, "volume": 35120668, "typical_volume": 26157684.55, "trend": 11.168583, "fair_value": 13.087875, "relative_strength": -9.737943, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.098847, "energy": 33.245906, "activity_lines": [ 10.377788, 10.533952, 10.843883, 10.983977 ] }, { "date": "2024-08-23", "close": 9.971676, "volume": 13394029, "typical_volume": 26110344.4, "trend": 11.067055, "fair_value": 13.06777, "relative_strength": -9.1409, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.839749, "energy": 32.650713, "activity_lines": [ 10.24922, 10.398984, 10.740315, 10.906757 ] }, { "date": "2024-08-30", "close": 10.545641, "volume": 27486655, "typical_volume": 26828580.05, "trend": 10.966548, "fair_value": 13.051603, "relative_strength": -5.647303, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.575088, "energy": 28.291565, "activity_lines": [ 10.318096, 10.382565, 10.700957, 10.873117 ] }, { "date": "2024-09-06", "close": 11.173176, "volume": 23950168, "typical_volume": 26869495.9, "trend": 10.980578, "fair_value": 13.043373, "relative_strength": 2.819122, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.075836, "energy": 15.828347, "activity_lines": [ 10.581864, 10.507933, 10.722531, 10.886448 ] }, { "date": "2024-09-13", "close": 10.423195, "volume": 23972237, "typical_volume": 25115332.85, "trend": 11.024965, "fair_value": 13.02744, "relative_strength": -2.119125, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.421171, "energy": 16.399592, "activity_lines": [ 10.5686, 10.495549, 10.671548, 10.850488 ] }, { "date": "2024-09-20", "close": 10.767573, "volume": 13175240, "typical_volume": 25128442.0, "trend": 11.024199, "fair_value": 13.016722, "relative_strength": 0.062978, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.496111, "energy": 15.942322, "activity_lines": [ 10.674209, 10.548841, 10.658138, 10.833882 ] }, { "date": "2024-09-27", "close": 11.85428, "volume": 22722973, "typical_volume": 24748032.25, "trend": 11.057362, "fair_value": 13.01349, "relative_strength": -6.460828, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.016703, "energy": 19.312944, "activity_lines": [ 11.100218, 10.801107, 10.750154, 10.887435 ] }, { "date": "2024-10-04", "close": 13.331282, "volume": 13117448, "typical_volume": 23117596.0, "trend": 11.136186, "fair_value": 13.016792, "relative_strength": -4.892438, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 42.490127, "energy": 54.104853, "activity_lines": [ 11.893054, 11.28936, 10.981817, 11.03414 ] }, { "date": "2024-10-11", "close": 16.514872, "volume": 87251343, "typical_volume": 25448489.1, "trend": 11.304294, "fair_value": 13.037233, "relative_strength": 22.907238, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.766126, "energy": 85.133381, "activity_lines": [ 13.561378, 12.301903, 11.512197, 11.381152 ] }, { "date": "2024-10-18", "close": 16.247021, "volume": 87997376, "typical_volume": 28927057.65, "trend": 11.460923, "fair_value": 13.058706, "relative_strength": 17.128621, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.002845, "energy": 87.629532, "activity_lines": [ 14.784305, 13.161249, 11.994691, 11.700038 ] }, { "date": "2024-10-25", "close": 17.945957, "volume": 65457208, "typical_volume": 31346128.25, "trend": 11.665254, "fair_value": 13.093929, "relative_strength": 25.851453, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.422558, "energy": 94.432313, "activity_lines": [ 16.185289, 14.224719, 12.616541, 12.118427 ] }, { "date": "2024-11-01", "close": 16.576094, "volume": 55864180, "typical_volume": 33712673.6, "trend": 11.818566, "fair_value": 13.121262, "relative_strength": 18.39863, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.623294, "energy": 86.6363, "activity_lines": [ 16.651092, 14.897196, 13.071813, 12.435255 ] }, { "date": "2024-11-08", "close": 17.333727, "volume": 55179265, "typical_volume": 34250052.1, "trend": 12.036673, "fair_value": 13.151595, "relative_strength": 16.023827, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.32167, "energy": 83.112278, "activity_lines": [ 17.054653, 15.587345, 13.571509, 12.791072 ] }, { "date": "2024-11-15", "close": 15.925602, "volume": 31819922, "typical_volume": 33857612.15, "trend": 12.202995, "fair_value": 13.167219, "relative_strength": 10.730818, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.439593, "energy": 58.897119, "activity_lines": [ 16.722009, 15.898051, 13.912025, 13.041971 ] }, { "date": "2024-11-22", "close": 15.305719, "volume": 20882084, "typical_volume": 33779569.95, "trend": 12.332328, "fair_value": 13.185554, "relative_strength": 9.675512, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.532746, "energy": 47.751244, "activity_lines": [ 16.222022, 16.009644, 14.170509, 13.242146 ] }, { "date": "2024-11-29", "close": 16.002131, "volume": 35319829, "typical_volume": 34435005.05, "trend": 12.493294, "fair_value": 13.217936, "relative_strength": 13.189166, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.130181, "energy": 36.509955, "activity_lines": [ 16.016926, 16.159083, 14.47287, 13.478908 ] }, { "date": "2024-12-06", "close": 16.514872, "volume": 37394604, "typical_volume": 35380698.75, "trend": 12.655789, "fair_value": 13.252454, "relative_strength": 14.939685, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.087045, "energy": 32.33761, "activity_lines": [ 16.112331, 16.306575, 14.799501, 13.738365 ] }, { "date": "2024-12-13", "close": 16.928125, "volume": 33994900, "typical_volume": 36331448.15, "trend": 12.807061, "fair_value": 13.287466, "relative_strength": 18.54813, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.153172, "energy": 34.049752, "activity_lines": [ 16.34957, 16.444465, 15.134769, 14.013999 ] }, { "date": "2024-12-20", "close": 17.379644, "volume": 30594563, "typical_volume": 36598637.65, "trend": 12.992515, "fair_value": 13.323888, "relative_strength": 22.428069, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.327436, "energy": 40.634765, "activity_lines": [ 16.764354, 16.599053, 15.481626, 14.309005 ] }, { "date": "2024-12-27", "close": 14.747061, "volume": 23815588, "typical_volume": 36925514.0, "trend": 13.099655, "fair_value": 13.34165, "relative_strength": 3.978421, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.083953, "energy": 27.815273, "activity_lines": [ 16.204675, 16.259266, 15.546275, 14.422201 ] }, { "date": "2025-01-03", "close": 13.048125, "volume": 11977719, "typical_volume": 35768366.55, "trend": 13.189194, "fair_value": 13.348485, "relative_strength": -0.588039, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 20.123332, "energy": 12.266615, "activity_lines": [ 15.115928, 15.637854, 15.428821, 14.418877 ] }, { "date": "2025-01-10", "close": 13.094043, "volume": 9239607, "typical_volume": 35560645.45, "trend": 13.267253, "fair_value": 13.353498, "relative_strength": 1.116783, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.961762, "energy": 14.359401, "activity_lines": [ 14.239421, 15.113841, 15.301893, 14.412738 ] }, { "date": "2025-01-17", "close": 13.507298, "volume": 9014588, "typical_volume": 34637042.1, "trend": 13.315211, "fair_value": 13.359265, "relative_strength": 0.950117, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.818398, "energy": 23.421549, "activity_lines": [ 13.72872, 14.728276, 15.199454, 14.428225 ] }, { "date": "2025-01-24", "close": 13.361894, "volume": 10156499, "typical_volume": 33947358.65, "trend": 13.390719, "fair_value": 13.370823, "relative_strength": -1.147008, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -2.229054, "energy": 33.288896, "activity_lines": [ 13.397607, 14.385846, 15.069064, 14.431236 ] }, { "date": "2025-01-31", "close": 13.614438, "volume": 3425656, "typical_volume": 32920029.6, "trend": 13.491482, "fair_value": 13.380174, "relative_strength": 2.387177, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -20.548878, "energy": 43.605174, "activity_lines": [ 13.418525, 14.135945, 14.952303, 14.44567 ] }, { "date": "2025-02-07", "close": 14.196054, "volume": 8374880, "typical_volume": 32680011.6, "trend": 13.603213, "fair_value": 13.390505, "relative_strength": 2.510776, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 0.339896, "energy": 24.514292, "activity_lines": [ 13.708823, 14.022544, 14.875738, 14.491126 ] }, { "date": "2025-02-14", "close": 14.119527, "volume": 11727015, "typical_volume": 32130213.7, "trend": 13.738414, "fair_value": 13.400457, "relative_strength": -0.101984, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.974534, "energy": 11.177095, "activity_lines": [ 13.897083, 13.928066, 14.775559, 14.524437 ] }, { "date": "2025-02-21", "close": 13.966469, "volume": 11902411, "typical_volume": 32069461.85, "trend": 13.859584, "fair_value": 13.41043, "relative_strength": -3.473946, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -1.799816, "energy": 6.76045, "activity_lines": [ 13.965959, 13.849311, 14.650015, 14.53915 ] }, { "date": "2025-02-28", "close": 13.530257, "volume": 14136851, "typical_volume": 28413737.25, "trend": 13.951674, "fair_value": 13.42615, "relative_strength": -3.314105, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.981194, "energy": 12.842502, "activity_lines": [ 13.858819, 13.745093, 14.479903, 14.517903 ] }, { "date": "2025-03-07", "close": 13.338935, "volume": 11689765, "typical_volume": 24598356.7, "trend": 14.046824, "fair_value": 13.414719, "relative_strength": -6.805904, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.083214, "energy": 19.073436, "activity_lines": [ 13.676681, 13.676078, 14.305782, 14.478372 ] }, { "date": "2025-03-14", "close": 14.976647, "volume": 30690774, "typical_volume": 22860035.0, "trend": 14.208044, "fair_value": 13.412561, "relative_strength": 3.096972, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 0.21454, "energy": 5.887755, "activity_lines": [ 14.058814, 13.930431, 14.301482, 14.53836 ] }, { "date": "2025-03-21", "close": 17.203629, "volume": 116913342, "typical_volume": 25912493.1, "trend": 14.44911, "fair_value": 13.433517, "relative_strength": 20.941607, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 59.256169, "energy": 34.316586, "activity_lines": [ 15.131235, 14.554626, 14.523415, 14.731624 ] }, { "date": "2025-03-28", "close": 15.229191, "volume": 71745247, "typical_volume": 26740792.2, "trend": 14.605228, "fair_value": 13.445308, "relative_strength": 7.592985, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 20.190316, "energy": 25.624901, "activity_lines": [ 15.339903, 14.745113, 14.554318, 14.781951 ] }, { "date": "2025-04-04", "close": 14.425641, "volume": 30211064, "typical_volume": 26660349.3, "trend": 14.713643, "fair_value": 13.43089, "relative_strength": 4.086066, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 17.705088, "energy": 26.00992, "activity_lines": [ 15.196539, 14.758193, 14.518714, 14.770365 ] }, { "date": "2025-04-11", "close": 13.48434, "volume": 51628714, "typical_volume": 28197680.8, "trend": 14.815682, "fair_value": 13.408506, "relative_strength": 2.253567, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "down", "direction": -28.708014, "energy": 19.523865, "activity_lines": [ 14.679716, 14.580785, 14.400605, 14.691055 ] }, { "date": "2025-04-18", "close": 14.494516, "volume": 38054512, "typical_volume": 28334414.95, "trend": 14.939913, "fair_value": 13.406525, "relative_strength": 10.028461, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -28.753287, "energy": 15.598584, "activity_lines": [ 14.489925, 14.589412, 14.387377, 14.670335 ] }, { "date": "2025-04-25", "close": 13.736883, "volume": 45809513, "typical_volume": 28755160.4, "trend": 15.002666, "fair_value": 13.397497, "relative_strength": 2.592826, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -41.516951, "energy": 26.670539, "activity_lines": [ 14.079731, 14.454861, 14.309172, 14.59272 ] }, { "date": "2025-05-02", "close": 13.231795, "volume": 14430308, "typical_volume": 27776930.8, "trend": 14.99935, "fair_value": 13.376763, "relative_strength": -1.248007, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.385757, "energy": 33.035433, "activity_lines": [ 13.732292, 14.235433, 14.196092, 14.47847 ] }, { "date": "2025-05-09", "close": 13.866982, "volume": 17149384, "typical_volume": 27104671.85, "trend": 14.911087, "fair_value": 13.368605, "relative_strength": 0.924241, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.356531, "energy": 38.719516, "activity_lines": [ 13.729741, 14.14485, 14.161107, 14.405414 ] }, { "date": "2025-05-16", "close": 13.729231, "volume": 27854230, "typical_volume": 27306603.95, "trend": 14.827161, "fair_value": 13.375758, "relative_strength": -0.698507, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -48.117907, "energy": 36.896077, "activity_lines": [ 13.718517, 14.0231, 14.12973, 14.329165 ] }, { "date": "2025-05-23", "close": 14.08, "volume": 34802317, "typical_volume": 28447833.85, "trend": 14.698296, "fair_value": 13.368, "relative_strength": 2.116413, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.95486, "energy": 24.016606, "activity_lines": [ 13.80789, 13.95803, 14.136607, 14.280962 ] }, { "date": "2025-05-30", "close": 14.65, "volume": 32980093, "typical_volume": 29634858.15, "trend": 14.634093, "fair_value": 13.370545, "relative_strength": 6.877987, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -24.891869, "energy": 10.328501, "activity_lines": [ 14.114897, 14.012899, 14.192856, 14.277846 ] }, { "date": "2025-06-06", "close": 14.56, "volume": 21779638, "typical_volume": 30273110.65, "trend": 14.541635, "fair_value": 13.360404, "relative_strength": 4.273443, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -21.657247, "energy": 11.085606, "activity_lines": [ 14.33103, 14.097834, 14.233124, 14.273066 ] }, { "date": "2025-06-13", "close": 14.95, "volume": 35949242, "typical_volume": 31562747.8, "trend": 14.509115, "fair_value": 13.361678, "relative_strength": 7.244383, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 14.0175, "energy": 12.839934, "activity_lines": [ 14.588615, 14.265845, 14.305522, 14.299412 ] }, { "date": "2025-06-20", "close": 17.26, "volume": 51236638, "typical_volume": 33953296.9, "trend": 14.574258, "fair_value": 13.37865, "relative_strength": 24.579153, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 49.824304, "energy": 51.910904, "activity_lines": [ 15.544, 14.844323, 14.590357, 14.476888 ] }, { "date": "2025-06-27", "close": 16.73, "volume": 112352351, "typical_volume": 39152170.45, "trend": 14.59852, "fair_value": 13.391223, "relative_strength": 15.83207, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 70.412366, "energy": 69.332014, "activity_lines": [ 16.087333, 15.257788, 14.807357, 14.615968 ] }, { "date": "2025-07-04", "close": 15.92, "volume": 74637078, "typical_volume": 42297673.6, "trend": 14.578691, "fair_value": 13.40124, "relative_strength": 8.413431, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.784215, "energy": 66.185682, "activity_lines": [ 16.184, 15.483335, 14.935147, 14.701225 ] }, { "date": "2025-07-11", "close": 16.790001, "volume": 70499126, "typical_volume": 45227509.35, "trend": 14.574087, "fair_value": 13.412859, "relative_strength": 11.804632, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.609561, "energy": 71.795162, "activity_lines": [ 16.486, 15.827372, 15.137221, 14.84389 ] }, { "date": "2025-07-18", "close": 16.1, "volume": 37403959, "typical_volume": 46390864.75, "trend": 14.531432, "fair_value": 13.421974, "relative_strength": 4.576992, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.24603, "energy": 57.943981, "activity_lines": [ 16.409334, 15.981259, 15.260135, 14.942336 ] }, { "date": "2025-07-25", "close": 26.700001, "volume": 151800480, "typical_volume": 53396400.5, "trend": 14.929863, "fair_value": 13.490942, "relative_strength": 66.776561, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.43245, "energy": 82.807748, "activity_lines": [ 19.789334, 18.021819, 16.380336, 15.727405 ] }, { "date": "2025-08-01", "close": 31.549999, "volume": 155090464, "typical_volume": 59616385.0, "trend": 15.546592, "fair_value": 13.592717, "relative_strength": 96.003844, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.439138, "energy": 95.823238, "activity_lines": [ 24.156667, 20.708364, 17.898818, 16.799672 ] }, { "date": "2025-08-08", "close": 34.98, "volume": 137966726, "typical_volume": 60669054.2, "trend": 16.276124, "fair_value": 13.722857, "relative_strength": 109.42168, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.172779, "energy": 97.034341, "activity_lines": [ 28.679333, 23.700909, 19.665045, 18.05344 ] }, { "date": "2025-08-15", "close": 36.25, "volume": 151467858, "typical_volume": 64655184.75, "trend": 17.034214, "fair_value": 13.862119, "relative_strength": 102.649766, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.46592, "energy": 95.369982, "activity_lines": [ 32.354667, 26.554727, 21.467576, 19.342077 ] }, { "date": "2025-08-22", "close": 34.099998, "volume": 102036010, "typical_volume": 68246432.05, "trend": 17.725484, "fair_value": 13.990739, "relative_strength": 78.762097, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.807835, "energy": 88.600002, "activity_lines": [ 34.015999, 28.623272, 22.965245, 20.443096 ] }, { "date": "2025-08-29", "close": 30.799999, "volume": 68633240, "typical_volume": 69096658.35, "trend": 18.298337, "fair_value": 14.104974, "relative_strength": 52.545668, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.754558, "energy": 76.775478, "activity_lines": [ 33.377332, 29.743636, 24.054941, 21.286613 ] }, { "date": "2025-09-05", "close": 29.459999, "volume": 53406745, "typical_volume": 69864270.0, "trend": 18.807135, "fair_value": 14.20439, "relative_strength": 45.434321, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.493505, "energy": 59.952062, "activity_lines": [ 32.018666, 30.374181, 24.934563, 22.00672 ] }, { "date": "2025-09-12", "close": 29.200001, "volume": 44737708, "typical_volume": 69810679.75, "trend": 19.309817, "fair_value": 14.306554, "relative_strength": 38.847391, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.193191, "energy": 44.137875, "activity_lines": [ 30.712666, 30.726, 25.718159, 22.677228 ] }, { "date": "2025-09-19", "close": 28.35, "volume": 38139863, "typical_volume": 70996157.5, "trend": 19.789268, "fair_value": 14.406556, "relative_strength": 31.988983, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.437045, "energy": 33.686134, "activity_lines": [ 29.508666, 30.681818, 26.347169, 23.260465 ] }, { "date": "2025-09-26", "close": 25.26, "volume": 76825329, "typical_volume": 73979954.75, "trend": 20.18026, "fair_value": 14.489007, "relative_strength": 15.472377, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.714894, "energy": 23.83536, "activity_lines": [ 27.801333, 29.865636, 26.609901, 23.613416 ] }, { "date": "2025-10-03", "close": 24.809999, "volume": 9832788, "typical_volume": 73078882.65, "trend": 20.562628, "fair_value": 14.566513, "relative_strength": 10.027195, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.778928, "energy": 23.395588, "activity_lines": [ 26.533333, 28.80109, 26.775524, 23.912108 ] }, { "date": "2025-10-10", "close": 25.76, "volume": 14799164, "typical_volume": 72078725.0, "trend": 20.922073, "fair_value": 14.648343, "relative_strength": 15.321535, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.26688, "energy": 22.111335, "activity_lines": [ 25.981333, 27.943636, 26.978857, 24.247423 ] }, { "date": "2025-10-17", "close": 24.65, "volume": 26154842, "typical_volume": 71737462.45, "trend": 21.170286, "fair_value": 14.723303, "relative_strength": 15.651138, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.513561, "energy": 17.22027, "activity_lines": [ 25.306, 26.989636, 27.020857, 24.487934 ] }, { "date": "2025-10-24", "close": 28.280001, "volume": 91589517, "typical_volume": 75227956.4, "trend": 21.605313, "fair_value": 14.822218, "relative_strength": 26.056802, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.27774, "energy": 16.38151, "activity_lines": [ 26.144, 26.883455, 27.360952, 24.946625 ] }, { "date": "2025-10-31", "close": 26.780001, "volume": 55402953, "typical_volume": 76200641.95, "trend": 22.017125, "fair_value": 14.910096, "relative_strength": 18.016465, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.997459, "energy": 11.708324, "activity_lines": [ 26.486667, 26.649455, 27.492857, 25.280476 ] }, { "date": "2025-11-07", "close": 25.530001, "volume": 29025730, "typical_volume": 75090096.55, "trend": 22.418647, "fair_value": 14.989716, "relative_strength": 11.844927, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.990888, "energy": 11.88168, "activity_lines": [ 26.311334, 26.321273, 27.449381, 25.507113 ] }, { "date": "2025-11-14", "close": 25.309999, "volume": 16131585, "typical_volume": 70279058.25, "trend": 22.779163, "fair_value": 15.076167, "relative_strength": 11.910808, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 14.166226, "energy": 13.043566, "activity_lines": [ 26.014667, 26.048909, 27.345571, 25.693652 ] }, { "date": "2025-11-21", "close": 23.5, "volume": 15475106, "typical_volume": 67320959.65, "trend": 23.1046, "fair_value": 15.147139, "relative_strength": 9.026277, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -2.801608, "energy": 14.638301, "activity_lines": [ 25.144667, 25.522909, 27.028524, 25.740158 ] }, { "date": "2025-11-28", "close": 24.43, "volume": 33367307, "typical_volume": 65464368.7, "trend": 23.477874, "fair_value": 15.222602, "relative_strength": 8.99215, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 2.118507, "energy": 23.39709, "activity_lines": [ 24.661333, 25.269637, 26.763952, 25.825668 ] }, { "date": "2025-12-05", "close": 23.74, "volume": 14495433, "typical_volume": 64318942.4, "trend": 23.806974, "fair_value": 15.293985, "relative_strength": 4.276123, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -5.114685, "energy": 30.655381, "activity_lines": [ 24.204667, 24.962182, 26.397286, 25.842579 ] }, { "date": "2025-12-12", "close": 23.1, "volume": 12048668, "typical_volume": 57331351.8, "trend": 24.119333, "fair_value": 15.360333, "relative_strength": 0.437291, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -28.263738, "energy": 43.078878, "activity_lines": [ 23.737333, 24.566, 25.933286, 25.796968 ] }, { "date": "2025-12-19", "close": 23.17, "volume": 11954585, "typical_volume": 50174557.85, "trend": 24.422333, "fair_value": 15.427277, "relative_strength": 1.499966, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.408394, "energy": 43.392453, "activity_lines": [ 23.455333, 24.213636, 25.493095, 25.73572 ] }, { "date": "2025-12-26", "close": 22.82, "volume": 16041891, "typical_volume": 44078316.1, "trend": 24.694667, "fair_value": 15.492616, "relative_strength": -3.753863, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.2228, "energy": 55.257269, "activity_lines": [ 23.199333, 23.844727, 25.059476, 25.632344 ] }, { "date": "2026-01-02", "close": 23.450001, "volume": 13834416, "typical_volume": 37196644.0, "trend": 24.991, "fair_value": 15.564544, "relative_strength": -0.973945, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.471206, "energy": 48.281044, "activity_lines": [ 23.198667, 23.623637, 24.743762, 25.552043 ] }, { "date": "2026-01-09", "close": 24.16, "volume": 31212581, "typical_volume": 33655472.55, "trend": 25.298, "fair_value": 15.645487, "relative_strength": -2.675965, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -29.060899, "energy": 33.436466, "activity_lines": [ 23.5, 23.619455, 24.556619, 25.49843 ] }, { "date": "2026-01-16", "close": 25.379999, "volume": 56619686, "typical_volume": 33054794.85, "trend": 25.568667, "fair_value": 15.735673, "relative_strength": 0.593638, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.052189, "energy": 23.793553, "activity_lines": [ 24.18, 23.884727, 24.533, 25.50372 ] }, { "date": "2026-01-23", "close": 24.629999, "volume": 25031441, "typical_volume": 31636029.65, "trend": 25.832, "fair_value": 15.818746, "relative_strength": -3.877491, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.520631, "energy": 23.354441, "activity_lines": [ 24.458, 24.016363, 24.463762, 25.443161 ] }, { "date": "2026-01-30", "close": 23.040001, "volume": 16910030, "typical_volume": 30244645.75, "trend": 26.069333, "fair_value": 15.893785, "relative_strength": -8.880859, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.125306, "energy": 27.116494, "activity_lines": [ 24.108667, 23.871273, 24.266095, 25.263032 ] }, { "date": "2026-02-06", "close": 22.889999, "volume": 9223805, "typical_volume": 28798842.85, "trend": 26.272667, "fair_value": 15.964821, "relative_strength": -7.829123, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.557712, "energy": 32.867505, "activity_lines": [ 23.694666, 23.707273, 24.083476, 25.057914 ] }, { "date": "2026-02-13", "close": 22.73, "volume": 8040111, "typical_volume": 25359581.95, "trend": 26.493667, "fair_value": 16.032428, "relative_strength": -10.018439, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.394546, "energy": 55.836017, "activity_lines": [ 23.264666, 23.542182, 23.911619, 24.829355 ] }, { "date": "2026-02-27", "close": 23.17, "volume": 8733173, "typical_volume": 25304601.2, "trend": 26.376, "fair_value": 16.102463, "relative_strength": -11.088339, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.76331, "energy": 56.433283, "activity_lines": [ 23.076667, 23.475454, 23.793714, 24.614925 ] }, { "date": "2026-03-06", "close": 22.35, "volume": 14154963, "typical_volume": 25272391.15, "trend": 26.069333, "fair_value": 16.167585, "relative_strength": -12.565973, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.650932, "energy": 63.949766, "activity_lines": [ 22.762667, 23.258363, 23.605524, 24.355183 ] }, { "date": "2026-03-13", "close": 22.129999, "volume": 11106813, "typical_volume": 24519989.7, "trend": 25.641, "fair_value": 16.229972, "relative_strength": -14.373978, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.30498, "energy": 65.219005, "activity_lines": [ 22.527333, 23.016182, 23.412619, 24.101032 ] }, { "date": "2026-03-20", "close": 20.950001, "volume": 30173292, "typical_volume": 21449178.45, "trend": 25.131, "fair_value": 16.280379, "relative_strength": -16.645973, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.630752, "energy": 67.403216, "activity_lines": [ 21.959333, 22.572, 23.119333, 23.798387 ] }, { "date": "2026-03-27", "close": 20.540001, "volume": 15466462, "typical_volume": 19452353.9, "trend": 24.679, "fair_value": 16.327374, "relative_strength": -17.546373, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.781077, "energy": 73.250802, "activity_lines": [ 21.384, 22.098727, 22.821905, 23.502194 ] }, { "date": "2026-04-03", "close": 19.93, "volume": 11175703, "typical_volume": 18559852.55, "trend": 24.316667, "fair_value": 16.372568, "relative_strength": -17.603459, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.194973, "energy": 77.86102, "activity_lines": [ 20.751334, 21.580364, 22.496095, 23.195806 ] }, { "date": "2026-04-10", "close": 20.67, "volume": 6969120, "typical_volume": 18101729.3, "trend": 24.023667, "fair_value": 16.424124, "relative_strength": -20.301396, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.41147, "energy": 71.404206, "activity_lines": [ 20.581334, 21.295637, 22.267429, 22.960538 ] }, { "date": "2026-04-17", "close": 20.940001, "volume": 9011529, "typical_volume": 17778550.45, "trend": 23.748333, "fair_value": 16.480943, "relative_strength": -22.413651, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.497113, "energy": 65.709887, "activity_lines": [ 20.613334, 21.132, 22.086572, 22.761591 ] }, { "date": "2026-04-24", "close": 20.200001, "volume": 10817609, "typical_volume": 16651065.55, "trend": 23.476667, "fair_value": 16.532087, "relative_strength": -25.327635, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.137522, "energy": 60.510604, "activity_lines": [ 20.478001, 20.872, 21.847429, 22.532667 ] }, { "date": "2026-05-01", "close": 19.381771, "volume": 13888423, "typical_volume": 16620715.05, "trend": 23.280726, "fair_value": 16.575729, "relative_strength": -29.068494, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.418131, "energy": 58.216166, "activity_lines": [ 20.119924, 20.512141, 21.550502, 22.26848 ] }, { "date": "2026-05-08", "close": 19.998646, "volume": 8631809, "typical_volume": 16449872.1, "trend": 23.120347, "fair_value": 16.626759, "relative_strength": -28.917424, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.321238, "energy": 54.683888, "activity_lines": [ 20.044688, 20.325317, 21.333079, 22.056733 ] }, { "date": "2026-05-15", "close": 20.297132, "volume": 31421708, "typical_volume": 17423228.25, "trend": 22.938252, "fair_value": 16.680193, "relative_strength": -27.795299, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.753655, "energy": 48.791338, "activity_lines": [ 20.064371, 20.250424, 21.158852, 21.87459 ] }, { "date": "2026-05-22", "close": 21.013502, "volume": 35812636, "typical_volume": 18411765.5, "trend": 22.817035, "fair_value": 16.734491, "relative_strength": -25.417946, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.73491, "energy": 36.076118, "activity_lines": [ 20.347701, 20.343105, 21.06653, 21.750413 ] }, { "date": "2026-05-29", "close": 20.088192, "volume": 32577295, "typical_volume": 19348909.45, "trend": 22.543975, "fair_value": 16.783446, "relative_strength": -28.524641, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.818496, "energy": 29.306571, "activity_lines": [ 20.317695, 20.287848, 20.894686, 21.574358 ] }, { "date": "2026-06-05", "close": 19.540964, "volume": 5034814, "typical_volume": 18040021.1, "trend": 22.302674, "fair_value": 16.8285, "relative_strength": -29.15112, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.671678, "energy": 35.195367, "activity_lines": [ 20.112734, 20.148764, 20.686734, 21.380616 ] }, { "date": "2026-06-12", "close": 18.7052, "volume": 4462300, "typical_volume": 15432151.8, "trend": 22.07518, "fair_value": 16.845386, "relative_strength": -30.455738, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.359611, "energy": 42.233525, "activity_lines": [ 19.618571, 19.875888, 20.421181, 21.14852 ] }, { "date": "2026-06-19", "close": 18.486309, "volume": 15304654, "typical_volume": 14945812.45, "trend": 21.847724, "fair_value": 16.875537, "relative_strength": -35.622478, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.553556, "energy": 57.877453, "activity_lines": [ 19.137675, 19.585482, 20.166565, 20.91698 ] }, { "date": "2026-06-26", "close": 16.078512, "volume": 3441135, "typical_volume": 14272367.7, "trend": 21.600341, "fair_value": 16.886819, "relative_strength": -42.691341, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.112525, "energy": 84.020106, "activity_lines": [ 17.974901, 18.896999, 19.711892, 20.544773 ] }, { "date": "2026-07-03", "close": 16.82, "volume": 2946930, "typical_volume": 13958523.95, "trend": 21.346674, "fair_value": 16.9057, "relative_strength": -38.986297, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.981228, "energy": 84.214255, "activity_lines": [ 17.388289, 18.431722, 19.360986, 20.236364 ] }, { "date": "2026-07-10", "close": 19.040001, "volume": 59312614, "typical_volume": 16522149.1, "trend": 21.190008, "fair_value": 16.942343, "relative_strength": -28.209998, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.035062, "energy": 65.814618, "activity_lines": [ 17.759557, 18.431536, 19.250413, 20.087546 ] }, { "date": "2026-07-17", "close": 14.68, "volume": 31426379, "typical_volume": 17656809.4, "trend": 20.909341, "fair_value": 16.947702, "relative_strength": -38.906581, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.984065, "energy": 72.267362, "activity_lines": [ 16.710889, 17.644837, 18.742174, 19.667546 ] }, { "date": "2026-07-24", "close": 14.79, "volume": 21288354, "typical_volume": 18013478.95, "trend": 20.630008, "fair_value": 16.94837, "relative_strength": -38.480811, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.270567, "energy": 60.098508, "activity_lines": [ 15.967234, 16.97484, 18.28484, 19.27275 ] }, { "date": "2026-07-31", "close": 15.68, "volume": 21980334, "typical_volume": 18557155.0, "trend": 20.392008, "fair_value": 16.958324, "relative_strength": -32.925156, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.932102, "energy": 54.628265, "activity_lines": [ 15.766667, 16.566791, 17.948267, 18.953394 ] }, { "date": "2026-08-07", "close": 16.49, "volume": 21041937, "typical_volume": 18100587.25, "trend": 20.160008, "fair_value": 16.965915, "relative_strength": -31.758897, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.48157, "energy": 54.656774, "activity_lines": [ 15.862667, 16.402988, 17.719552, 18.701652 ] } ], "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." } } }