{ "ticker": { "uuid": "2bfdc0f1-e466-4146-86c9-abbf6762d8f9", "symbol": "601816", "name": "Beijing-Shanghai High-Speed Railway Co., Ltd.", "exchange": "SHH", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "000001.SS", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 74.853, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Structural repair", "architecture_gate": "mixed", "architecture_direction": 19.85, "architecture_energy": 29.707, "architecture_maturity": 31.867, "architecture_confidence": 78.09, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 42.62, "rotation_up": 62.21, "upward_expansion": 40.42, "deceleration": 44.25, "rotation_down": 16.86, "downward_expansion": 17.75 }, "activity_lines": [ 5.005333, 4.880364, 4.873143, 4.896774 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 5.04, "trend_reference": 4.924333, "distance_from_trend": 0.023489, "trend_direction": "Weakening", "fair_value": 5.168416, "distance_from_fair_value": -0.024846, "fair_value_direction": "Improving", "relative_strength": 0.416704, "relative_strength_direction": "Improving", "price_momentum": 0.034908, "excess_performance": 0.078111, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.023489, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.02282, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.024846, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.042227, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.004167, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.162227, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.034908, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.982637, "read": "Demand-led" } ], "volume": { "latest": 809066548, "relative_activity": 1.20043, "balance": 1.982637, "dry_up": 1.421794, "accumulation_observations": 6, "distribution_observations": 3 }, "risk": { "range_context": 0.041819, "annualized_volatility": 0.176203, "from_high_reference": -0.078529, "from_low_reference": 0.115044 }, "levels": { "trend_reference": 4.924333, "fair_value_reference": 5.168416, "structural_low": 4.52, "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": 3, "median_return": 0.026157, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.025825, "regime_survival": 0.0, "best_return": 0.048626, "worst_return": -0.044925, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 3, "median_return": -0.076459, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.025264, "regime_survival": 0.0, "best_return": 0.029598, "worst_return": -0.084102, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.054635, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": 0.021824, "regime_survival": 0.0, "best_return": 0.156448, "worst_return": -0.103, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.10016, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.173668, "regime_survival": 0.0, "best_return": -0.032271, "worst_return": -0.16805, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-09-06", "end": "2024-10-11", "tenure": "Developing", "return": 0.05535, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-18", "end": "2025-01-31", "tenure": "Established", "return": 0.001757, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-07", "end": "2025-02-21", "tenure": "New", "return": -0.014159, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-02-28", "end": "2025-04-04", "tenure": "Developing", "return": 0.043876, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-11", "end": "2025-05-09", "tenure": "Developing", "return": 0.020548, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-16", "end": "2025-05-30", "tenure": "New", "return": -0.024958, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-06", "end": "2025-07-18", "tenure": "Developing", "return": -0.024449, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-07-25", "end": "2025-08-22", "tenure": "Developing", "return": -0.039497, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-29", "end": "2025-12-19", "tenure": "Established", "return": -0.015237, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-26", "end": "2026-01-16", "tenure": "New", "return": -0.049808, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-23", "end": "2026-03-27", "tenure": "Developing", "return": 0.03272, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-03", "end": "2026-04-24", "tenure": "New", "return": -0.027723, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-01", "end": "2026-07-31", "tenure": "Established", "return": 0.046939, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 5.348453, "volume": 258352535, "typical_volume": 443754783.0, "trend": 4.985132, "fair_value": 4.883553, "relative_strength": 10.267064, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.894806, "energy": 33.474611, "activity_lines": [ 5.263225, 5.222012, 5.201039, 5.116701 ] }, { "date": "2023-08-04", "close": 5.2057, "volume": 473267016, "typical_volume": 447382131.45, "trend": 5.002901, "fair_value": 4.880126, "relative_strength": 6.617625, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 48.819399, "energy": 30.802864, "activity_lines": [ 5.260369, 5.220309, 5.206938, 5.130931 ] }, { "date": "2023-08-11", "close": 5.110533, "volume": 301378406, "typical_volume": 447577862.5, "trend": 5.020347, "fair_value": 4.876385, "relative_strength": 7.570926, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.272645, "energy": 19.136872, "activity_lines": [ 5.211779, 5.201108, 5.202411, 5.137875 ] }, { "date": "2023-08-18", "close": 5.110533, "volume": 310421458, "typical_volume": 448298140.35, "trend": 5.033995, "fair_value": 4.872348, "relative_strength": 9.126663, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.955215, "energy": 8.966431, "activity_lines": [ 5.170084, 5.184133, 5.196703, 5.143693 ] }, { "date": "2023-08-25", "close": 4.986814, "volume": 389290927, "typical_volume": 453137171.75, "trend": 5.044151, "fair_value": 4.867518, "relative_strength": 8.441467, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.124456, "energy": 11.180064, "activity_lines": [ 5.097844, 5.149134, 5.178484, 5.140649 ] }, { "date": "2023-09-01", "close": 4.891645, "volume": 701788124, "typical_volume": 472101664.65, "trend": 5.055884, "fair_value": 4.861425, "relative_strength": 3.718913, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -28.279205, "energy": 33.103269, "activity_lines": [ 5.010923, 5.102516, 5.151107, 5.13081 ] }, { "date": "2023-09-08", "close": 4.815511, "volume": 406047888, "typical_volume": 466363698.1, "trend": 5.065712, "fair_value": 4.854829, "relative_strength": 2.375597, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.380853, "energy": 51.054205, "activity_lines": [ 4.929078, 5.043943, 5.116657, 5.115302 ] }, { "date": "2023-09-15", "close": 4.872612, "volume": 376041182, "typical_volume": 453832227.75, "trend": 5.075861, "fair_value": 4.848839, "relative_strength": 3.252257, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.082339, "energy": 58.766079, "activity_lines": [ 4.89228, 4.999026, 5.088321, 5.102844 ] }, { "date": "2023-09-22", "close": 4.910679, "volume": 360338659, "typical_volume": 436917710.2, "trend": 5.085379, "fair_value": 4.843272, "relative_strength": 3.271127, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.796529, "energy": 57.278378, "activity_lines": [ 4.884032, 4.967237, 5.064966, 5.092187 ] }, { "date": "2023-09-29", "close": 4.882129, "volume": 261957399, "typical_volume": 404184611.2, "trend": 5.081282, "fair_value": 4.837822, "relative_strength": 3.154547, "stage": 2, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -59.916531, "energy": 61.395279, "activity_lines": [ 4.879591, 4.936807, 5.04142, 5.079074 ] }, { "date": "2023-10-13", "close": 4.70131, "volume": 409009951, "typical_volume": 401937361.75, "trend": 5.078756, "fair_value": 4.830913, "relative_strength": -0.136679, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.357311, "energy": 68.179633, "activity_lines": [ 4.821856, 4.880053, 5.002325, 5.05456 ] }, { "date": "2023-10-20", "close": 4.568074, "volume": 285468459, "typical_volume": 401685410.3, "trend": 5.06704, "fair_value": 4.824527, "relative_strength": 0.308249, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.76126, "energy": 75.864679, "activity_lines": [ 4.732398, 4.810839, 4.953388, 5.021613 ] }, { "date": "2023-10-27", "close": 4.796477, "volume": 364855338, "typical_volume": 381234963.55, "trend": 5.064837, "fair_value": 4.820263, "relative_strength": 3.840349, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.267278, "energy": 60.930305, "activity_lines": [ 4.73557, 4.794747, 4.92919, 5.004157 ] }, { "date": "2023-11-03", "close": 4.748893, "volume": 290985848, "typical_volume": 374355890.3, "trend": 5.057882, "fair_value": 4.815635, "relative_strength": 2.174661, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.969206, "energy": 59.377433, "activity_lines": [ 4.727956, 4.775713, 4.902538, 4.983774 ] }, { "date": "2023-11-10", "close": 4.682276, "volume": 288057180, "typical_volume": 358269904.1, "trend": 5.04839, "fair_value": 4.811357, "relative_strength": 0.359568, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.243417, "energy": 53.648756, "activity_lines": [ 4.708923, 4.751143, 4.872435, 4.959541 ] }, { "date": "2023-11-17", "close": 4.663242, "volume": 238740598, "typical_volume": 356024861.8, "trend": 5.03953, "fair_value": 4.808034, "relative_strength": -0.577989, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.675898, "energy": 46.195523, "activity_lines": [ 4.696868, 4.728649, 4.843457, 4.934693 ] }, { "date": "2023-11-24", "close": 4.72986, "volume": 284147628, "typical_volume": 346717165.7, "trend": 5.031941, "fair_value": 4.804959, "relative_strength": 1.202372, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.715873, "energy": 41.414472, "activity_lines": [ 4.709557, 4.722419, 4.822407, 4.914714 ] }, { "date": "2023-12-01", "close": 4.825028, "volume": 459680452, "typical_volume": 351973692.05, "trend": 5.020876, "fair_value": 4.801776, "relative_strength": 3.373943, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.185322, "energy": 31.359006, "activity_lines": [ 4.743183, 4.735051, 4.811685, 4.901365 ] }, { "date": "2023-12-08", "close": 4.720343, "volume": 366525950, "typical_volume": 355466205.15, "trend": 4.996824, "fair_value": 4.797743, "relative_strength": 3.067268, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.966453, "energy": 30.656348, "activity_lines": [ 4.740011, 4.729514, 4.792846, 4.881976 ] }, { "date": "2023-12-15", "close": 4.644208, "volume": 304204797, "typical_volume": 356527989.75, "trend": 4.977199, "fair_value": 4.792922, "relative_strength": 2.241423, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.80094, "energy": 36.971979, "activity_lines": [ 4.713364, 4.713595, 4.769377, 4.859226 ] }, { "date": "2023-12-22", "close": 4.615658, "volume": 311369749, "typical_volume": 359178850.45, "trend": 4.954406, "fair_value": 4.788217, "relative_strength": 2.340839, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.405805, "energy": 40.276765, "activity_lines": [ 4.679738, 4.69681, 4.746038, 4.835901 ] }, { "date": "2023-12-29", "close": 4.682276, "volume": 263779287, "typical_volume": 348704464.0, "trend": 4.937316, "fair_value": 4.782862, "relative_strength": 1.608739, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.462534, "energy": 38.83315, "activity_lines": [ 4.67149, 4.693696, 4.732534, 4.818344 ] }, { "date": "2024-01-05", "close": 4.530007, "volume": 297996373, "typical_volume": 348535362.35, "trend": 4.913885, "fair_value": 4.777967, "relative_strength": -0.198621, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.711119, "energy": 53.018743, "activity_lines": [ 4.615658, 4.66082, 4.707019, 4.792066 ] }, { "date": "2024-01-12", "close": 4.520489, "volume": 413957173, "typical_volume": 353712148.1, "trend": 4.88602, "fair_value": 4.772293, "relative_strength": 1.152565, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.7189, "energy": 60.47999, "activity_lines": [ 4.576322, 4.631058, 4.683363, 4.766686 ] }, { "date": "2024-01-19", "close": 4.615658, "volume": 491600939, "typical_volume": 358827648.7, "trend": 4.863228, "fair_value": 4.768007, "relative_strength": 4.864284, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.792391, "energy": 46.721071, "activity_lines": [ 4.582032, 4.622752, 4.671581, 4.749243 ] }, { "date": "2024-01-26", "close": 4.72986, "volume": 628191126, "typical_volume": 355147798.8, "trend": 4.854372, "fair_value": 4.764454, "relative_strength": 4.3819, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.548562, "energy": 35.099846, "activity_lines": [ 4.627713, 4.636422, 4.672442, 4.740639 ] }, { "date": "2024-02-02", "close": 4.682276, "volume": 578038375, "typical_volume": 363747323.15, "trend": 4.84393, "fair_value": 4.761133, "relative_strength": 9.766338, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.001269, "energy": 21.415707, "activity_lines": [ 4.649919, 4.640229, 4.669541, 4.729536 ] }, { "date": "2024-02-09", "close": 4.786961, "volume": 740141177, "typical_volume": 381952322.9, "trend": 4.829697, "fair_value": 4.758365, "relative_strength": 6.538685, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.191999, "energy": 14.966845, "activity_lines": [ 4.70702, 4.663934, 4.677245, 4.72586 ] }, { "date": "2024-02-23", "close": 4.863095, "volume": 616830884, "typical_volume": 394776934.15, "trend": 4.816102, "fair_value": 4.755605, "relative_strength": 2.934368, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.735623, "energy": 15.518592, "activity_lines": [ 4.772368, 4.702175, 4.692608, 4.728015 ] }, { "date": "2024-03-01", "close": 4.75841, "volume": 528341438, "typical_volume": 408096136.1, "trend": 4.799967, "fair_value": 4.75385, "relative_strength": -0.207344, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.842823, "energy": 16.259507, "activity_lines": [ 4.779982, 4.718786, 4.698228, 4.724293 ] }, { "date": "2024-03-08", "close": 4.786961, "volume": 474946525, "typical_volume": 411392964.8, "trend": 4.781251, "fair_value": 4.753595, "relative_strength": -0.42427, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.768063, "energy": 19.58872, "activity_lines": [ 4.787595, 4.738511, 4.707155, 4.723454 ] }, { "date": "2024-03-15", "close": 4.767927, "volume": 419614966, "typical_volume": 418100290.15, "trend": 4.766658, "fair_value": 4.751482, "relative_strength": -1.168802, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.00848, "energy": 19.470793, "activity_lines": [ 4.785057, 4.751662, 4.713862, 4.722594 ] }, { "date": "2024-03-22", "close": 4.720343, "volume": 362667941, "typical_volume": 417990920.3, "trend": 4.753652, "fair_value": 4.746611, "relative_strength": -2.026371, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.201359, "energy": 7.871708, "activity_lines": [ 4.760948, 4.754604, 4.715086, 4.719606 ] }, { "date": "2024-03-29", "close": 4.777444, "volume": 293072022, "typical_volume": 418095229.0, "trend": 4.742549, "fair_value": 4.743242, "relative_strength": -0.686747, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.122269, "energy": 8.124974, "activity_lines": [ 4.760314, 4.764466, 4.72211, 4.721141 ] }, { "date": "2024-04-05", "close": 4.844062, "volume": 269177960, "typical_volume": 417151268.0, "trend": 4.73779, "fair_value": 4.740001, "relative_strength": -0.332873, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.665639, "energy": 16.67793, "activity_lines": [ 4.787595, 4.78177, 4.735343, 4.72769 ] }, { "date": "2024-04-12", "close": 4.786961, "volume": 485461489, "typical_volume": 429487312.55, "trend": 4.734301, "fair_value": 4.736155, "relative_strength": 0.031613, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.168236, "energy": 13.880661, "activity_lines": [ 4.790133, 4.784538, 4.742368, 4.730863 ] }, { "date": "2024-04-19", "close": 4.910679, "volume": 690198273, "typical_volume": 449789844.8, "trend": 4.737473, "fair_value": 4.734, "relative_strength": 0.950093, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 62.613984, "energy": 47.184811, "activity_lines": [ 4.83391, 4.808763, 4.760586, 4.742242 ] }, { "date": "2024-04-26", "close": 4.93923, "volume": 561390277, "typical_volume": 454875336.05, "trend": 4.739694, "fair_value": 4.73137, "relative_strength": 0.619121, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.39914, "energy": 58.501002, "activity_lines": [ 4.877688, 4.834026, 4.780662, 4.755258 ] }, { "date": "2024-05-03", "close": 4.844062, "volume": 501491698, "typical_volume": 461623623.45, "trend": 4.737473, "fair_value": 4.727231, "relative_strength": -1.90351, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.278285, "energy": 51.067826, "activity_lines": [ 4.87515, 4.839217, 4.79113, 4.761992 ] }, { "date": "2024-05-10", "close": 4.901162, "volume": 1134578100, "typical_volume": 503142288.6, "trend": 4.738108, "fair_value": 4.722741, "relative_strength": -2.313862, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.815071, "energy": 52.057517, "activity_lines": [ 4.887204, 4.855136, 4.806448, 4.772552 ] }, { "date": "2024-05-17", "close": 4.99633, "volume": 726101896, "typical_volume": 523878895.95, "trend": 4.747942, "fair_value": 4.719997, "relative_strength": -0.342889, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.98358, "energy": 57.780222, "activity_lines": [ 4.927175, 4.885762, 4.829605, 4.789212 ] }, { "date": "2024-05-24", "close": 4.882129, "volume": 565862834, "typical_volume": 538983073.3, "trend": 4.75841, "fair_value": 4.715983, "relative_strength": -0.544329, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.849843, "energy": 36.410695, "activity_lines": [ 4.91512, 4.891819, 4.840074, 4.797869 ] }, { "date": "2024-05-31", "close": 4.815511, "volume": 504008252, "typical_volume": 549283667.25, "trend": 4.759045, "fair_value": 4.711662, "relative_strength": -1.771939, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.307507, "energy": 26.586642, "activity_lines": [ 4.882763, 4.883686, 4.843246, 4.801553 ] }, { "date": "2024-06-07", "close": 4.986814, "volume": 689059243, "typical_volume": 563038770.75, "trend": 4.766975, "fair_value": 4.709875, "relative_strength": 2.885503, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.96768, "energy": 35.56934, "activity_lines": [ 4.915755, 4.904969, 4.861373, 4.816248 ] }, { "date": "2024-06-14", "close": 4.882129, "volume": 360500415, "typical_volume": 556483744.55, "trend": 4.773637, "fair_value": 4.707477, "relative_strength": 1.357529, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.62032, "energy": 24.211875, "activity_lines": [ 4.904335, 4.903412, 4.86731, 4.823677 ] }, { "date": "2024-06-21", "close": 4.948747, "volume": 406567797, "typical_volume": 545402578.1, "trend": 4.783154, "fair_value": 4.705865, "relative_strength": 3.931478, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.275941, "energy": 27.77917, "activity_lines": [ 4.91639, 4.913275, 4.878322, 4.834975 ] }, { "date": "2024-06-28", "close": 5.219616, "volume": 789199797, "typical_volume": 555960649.2, "trend": 4.799479, "fair_value": 4.704673, "relative_strength": 10.568092, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.107267, "energy": 60.767412, "activity_lines": [ 5.021906, 4.969445, 4.914089, 4.863133 ] }, { "date": "2024-07-05", "close": 5.336256, "volume": 494026780, "typical_volume": 543654929.35, "trend": 4.81652, "fair_value": 4.704826, "relative_strength": 13.370088, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.674891, "energy": 75.857415, "activity_lines": [ 5.143804, 5.041206, 4.958406, 4.897764 ] }, { "date": "2024-07-12", "close": 5.345976, "volume": 601835230, "typical_volume": 542905146.65, "trend": 4.837375, "fair_value": 4.704444, "relative_strength": 12.436024, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.31579, "energy": 82.03164, "activity_lines": [ 5.234225, 5.107515, 5.001033, 4.931923 ] }, { "date": "2024-07-19", "close": 5.559815, "volume": 665327397, "typical_volume": 549754444.6, "trend": 4.867895, "fair_value": 4.706809, "relative_strength": 16.17606, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.077605, "energy": 92.079857, "activity_lines": [ 5.371982, 5.203578, 5.061726, 4.978532 ] }, { "date": "2024-07-26", "close": 5.676455, "volume": 776531995, "typical_volume": 564833718.1, "trend": 4.903255, "fair_value": 4.7107, "relative_strength": 21.873847, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.612584, "energy": 94.476299, "activity_lines": [ 5.503439, 5.308873, 5.129712, 5.030697 ] }, { "date": "2024-08-02", "close": 5.647295, "volume": 707398959, "typical_volume": 579222917.75, "trend": 4.935422, "fair_value": 4.715481, "relative_strength": 20.23064, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.712582, "energy": 90.835983, "activity_lines": [ 5.576663, 5.3965, 5.190684, 5.078699 ] }, { "date": "2024-08-09", "close": 5.520935, "volume": 507384774, "typical_volume": 586458759.4, "trend": 4.968453, "fair_value": 4.719452, "relative_strength": 18.893217, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.768349, "energy": 86.58846, "activity_lines": [ 5.579255, 5.447241, 5.235435, 5.116475 ] }, { "date": "2024-08-16", "close": 5.569535, "volume": 435854576, "typical_volume": 593597887.1, "trend": 5.003421, "fair_value": 4.723973, "relative_strength": 18.727839, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.700963, "energy": 73.312939, "activity_lines": [ 5.585735, 5.493992, 5.281002, 5.155254 ] }, { "date": "2024-08-23", "close": 5.520935, "volume": 409521780, "typical_volume": 600615078.1, "trend": 5.033597, "fair_value": 4.728483, "relative_strength": 18.262013, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.471617, "energy": 57.870172, "activity_lines": [ 5.561111, 5.521312, 5.318169, 5.188642 ] }, { "date": "2024-08-30", "close": 5.277936, "volume": 598487906, "typical_volume": 606266398.95, "trend": 5.051866, "fair_value": 4.733335, "relative_strength": 13.240363, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.759663, "energy": 36.644285, "activity_lines": [ 5.458079, 5.492836, 5.32897, 5.204406 ] }, { "date": "2024-09-06", "close": 5.268217, "volume": 605840692, "typical_volume": 602048519.9, "trend": 5.071398, "fair_value": 4.739932, "relative_strength": 15.777977, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.239442, "energy": 23.706654, "activity_lines": [ 5.378376, 5.456607, 5.336507, 5.218364 ] }, { "date": "2024-09-13", "close": 5.122417, "volume": 431416115, "typical_volume": 595549811.8, "trend": 5.082579, "fair_value": 4.745534, "relative_strength": 14.696494, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.210954, "energy": 21.892401, "activity_lines": [ 5.275344, 5.392985, 5.328456, 5.221655 ] }, { "date": "2024-09-20", "close": 5.180737, "volume": 281418982, "typical_volume": 584546176.0, "trend": 5.093168, "fair_value": 4.752234, "relative_strength": 14.152862, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.778586, "energy": 24.068564, "activity_lines": [ 5.218321, 5.343855, 5.325086, 5.227988 ] }, { "date": "2024-09-27", "close": 5.452896, "volume": 829805194, "typical_volume": 569307530.7, "trend": 5.116317, "fair_value": 4.759412, "relative_strength": 6.251316, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.790918, "energy": 24.377236, "activity_lines": [ 5.277937, 5.347213, 5.346034, 5.251197 ] }, { "date": "2024-10-04", "close": 5.870853, "volume": 461615510, "typical_volume": 556083211.4, "trend": 5.152447, "fair_value": 4.767703, "relative_strength": 5.624699, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 72.587789, "energy": 39.167584, "activity_lines": [ 5.481407, 5.428507, 5.404159, 5.299876 ] }, { "date": "2024-10-11", "close": 5.559815, "volume": 1193694860, "typical_volume": 587474812.7, "trend": 5.178843, "fair_value": 4.773157, "relative_strength": 3.531341, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.427725, "energy": 36.796673, "activity_lines": [ 5.541671, 5.449714, 5.428498, 5.326158 ] }, { "date": "2024-10-18", "close": 5.530655, "volume": 603897741, "typical_volume": 592469287.15, "trend": 5.205853, "fair_value": 4.779569, "relative_strength": 1.402005, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.570933, "energy": 47.654659, "activity_lines": [ 5.572775, 5.46721, 5.446832, 5.348856 ] }, { "date": "2024-10-25", "close": 5.452896, "volume": 623013642, "typical_volume": 589167007.1, "trend": 5.228369, "fair_value": 4.785542, "relative_strength": -1.316716, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.119763, "energy": 44.910394, "activity_lines": [ 5.550743, 5.470392, 5.454356, 5.364794 ] }, { "date": "2024-11-01", "close": 5.384856, "volume": 710518840, "typical_volume": 606667928.35, "trend": 5.246395, "fair_value": 4.791381, "relative_strength": -1.787007, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.573816, "energy": 23.350739, "activity_lines": [ 5.487887, 5.463322, 5.453179, 5.37489 ] }, { "date": "2024-11-08", "close": 5.511216, "volume": 764014131, "typical_volume": 624540245.05, "trend": 5.270537, "fair_value": 4.796885, "relative_strength": -4.763771, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.89702, "energy": 16.959024, "activity_lines": [ 5.471688, 5.481702, 5.461644, 5.391975 ] }, { "date": "2024-11-15", "close": 5.501495, "volume": 783921499, "typical_volume": 624276330.15, "trend": 5.290231, "fair_value": 4.803652, "relative_strength": -1.587095, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.407854, "energy": 14.672219, "activity_lines": [ 5.476224, 5.494073, 5.466504, 5.406876 ] }, { "date": "2024-11-22", "close": 5.375136, "volume": 743329518, "typical_volume": 636741467.05, "trend": 5.304761, "fair_value": 4.810151, "relative_strength": -2.110507, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 26.426615, "energy": 12.227299, "activity_lines": [ 5.442528, 5.479228, 5.457987, 5.412353 ] }, { "date": "2024-11-29", "close": 5.569535, "volume": 641328207, "typical_volume": 638716115.9, "trend": 5.328943, "fair_value": 4.818137, "relative_strength": -0.512671, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.802948, "energy": 17.761871, "activity_lines": [ 5.483999, 5.495133, 5.4678, 5.429436 ] }, { "date": "2024-12-06", "close": 6.074973, "volume": 1422964117, "typical_volume": 676597951.9, "trend": 5.36807, "fair_value": 4.830328, "relative_strength": 5.808052, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.011876, "energy": 54.142284, "activity_lines": [ 5.686175, 5.595867, 5.524684, 5.477566 ] }, { "date": "2024-12-13", "close": 5.987493, "volume": 1715283265, "typical_volume": 723535515.4, "trend": 5.401109, "fair_value": 4.841235, "relative_strength": 4.450236, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.827791, "energy": 63.131513, "activity_lines": [ 5.813182, 5.669386, 5.570785, 5.517529 ] }, { "date": "2024-12-20", "close": 5.890294, "volume": 861422717, "typical_volume": 731236703.3, "trend": 5.434715, "fair_value": 4.851217, "relative_strength": 3.280534, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.133545, "energy": 65.016974, "activity_lines": [ 5.876038, 5.72311, 5.606147, 5.54909 ] }, { "date": "2024-12-27", "close": 6.055533, "volume": 589463038, "typical_volume": 735340616.5, "trend": 5.476049, "fair_value": 4.86256, "relative_strength": 4.940987, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.255034, "energy": 71.65187, "activity_lines": [ 5.968053, 5.80087, 5.656089, 5.589142 ] }, { "date": "2025-01-03", "close": 5.793094, "volume": 479116239, "typical_volume": 737503699.65, "trend": 5.502925, "fair_value": 4.87222, "relative_strength": 6.016047, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.524179, "energy": 55.158584, "activity_lines": [ 5.92723, 5.82137, 5.678491, 5.609597 ] }, { "date": "2025-01-10", "close": 5.569535, "volume": 469576484, "typical_volume": 740506434.85, "trend": 5.525838, "fair_value": 4.879303, "relative_strength": 3.058951, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.307436, "energy": 30.447933, "activity_lines": [ 5.796982, 5.795038, 5.678537, 5.613894 ] }, { "date": "2025-01-17", "close": 5.559815, "volume": 533251241, "typical_volume": 737244601.6, "trend": 5.546207, "fair_value": 4.886805, "relative_strength": 0.3872, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 28.655466, "energy": 14.654121, "activity_lines": [ 5.69719, 5.763581, 5.677427, 5.616086 ] }, { "date": "2025-01-24", "close": 5.540375, "volume": 535909816, "typical_volume": 733748057.8, "trend": 5.556899, "fair_value": 4.894063, "relative_strength": -0.378755, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 16.676072, "energy": 18.755906, "activity_lines": [ 5.619431, 5.727705, 5.673122, 5.61571 ] }, { "date": "2025-01-31", "close": 5.540375, "volume": 97902437, "typical_volume": 717072373.9, "trend": 5.563703, "fair_value": 4.900476, "relative_strength": -0.405367, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 13.908368, "energy": 21.534424, "activity_lines": [ 5.564999, 5.691123, 5.667521, 5.614644 ] }, { "date": "2025-02-07", "close": 5.491776, "volume": 347573182, "typical_volume": 720380083.9, "trend": 5.568563, "fair_value": 4.905976, "relative_strength": -2.807166, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.917913, "energy": 22.717251, "activity_lines": [ 5.528711, 5.6427, 5.655302, 5.610004 ] }, { "date": "2025-02-14", "close": 5.511216, "volume": 519859248, "typical_volume": 704882786.6, "trend": 5.566943, "fair_value": 4.912022, "relative_strength": -3.692457, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.41297, "energy": 21.508016, "activity_lines": [ 5.518992, 5.599225, 5.643453, 5.606304 ] }, { "date": "2025-02-21", "close": 5.414016, "volume": 521558282, "typical_volume": 707879925.2, "trend": 5.558195, "fair_value": 4.916782, "relative_strength": -6.280767, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.081648, "energy": 32.47981, "activity_lines": [ 5.48076, 5.548328, 5.622069, 5.596437 ] }, { "date": "2025-02-28", "close": 5.316816, "volume": 592456627, "typical_volume": 677818013.55, "trend": 5.547179, "fair_value": 4.920438, "relative_strength": -6.380505, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.790063, "energy": 41.005525, "activity_lines": [ 5.419848, 5.490185, 5.593604, 5.580865 ] }, { "date": "2025-03-07", "close": 5.384856, "volume": 748792733, "typical_volume": 685062763.15, "trend": 5.542643, "fair_value": 4.922721, "relative_strength": -6.660903, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.595497, "energy": 41.755935, "activity_lines": [ 5.39652, 5.45484, 5.572775, 5.570392 ] }, { "date": "2025-03-14", "close": 5.501495, "volume": 619076256, "typical_volume": 684865893.85, "trend": 5.540375, "fair_value": 4.92521, "relative_strength": -6.000927, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.952569, "energy": 38.363014, "activity_lines": [ 5.42244, 5.452896, 5.563749, 5.567737 ] }, { "date": "2025-03-21", "close": 5.365416, "volume": 462402300, "typical_volume": 672460066.85, "trend": 5.535191, "fair_value": 4.928876, "relative_strength": -6.882883, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.08933, "energy": 38.218765, "activity_lines": [ 5.402352, 5.431512, 5.541532, 5.55645 ] }, { "date": "2025-03-28", "close": 5.462615, "volume": 389868884, "typical_volume": 653752804.5, "trend": 5.541347, "fair_value": 4.932502, "relative_strength": -4.876511, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.025555, "energy": 20.691915, "activity_lines": [ 5.424383, 5.431512, 5.528665, 5.551767 ] }, { "date": "2025-04-04", "close": 5.550095, "volume": 360516845, "typical_volume": 632582571.8, "trend": 5.550743, "fair_value": 4.937652, "relative_strength": -3.173884, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -11.156399, "energy": 9.246223, "activity_lines": [ 5.472335, 5.449184, 5.52436, 5.552332 ] }, { "date": "2025-04-11", "close": 5.676455, "volume": 1376584958, "typical_volume": 664245343.8, "trend": 5.569211, "fair_value": 4.944336, "relative_strength": 2.012688, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.647874, "energy": 13.080073, "activity_lines": [ 5.546855, 5.489655, 5.531859, 5.560442 ] }, { "date": "2025-04-18", "close": 5.802814, "volume": 717260998, "typical_volume": 668041983.35, "trend": 5.589947, "fair_value": 4.953335, "relative_strength": 2.863732, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.616572, "energy": 25.904381, "activity_lines": [ 5.644055, 5.550625, 5.549956, 5.575513 ] }, { "date": "2025-04-25", "close": 5.657015, "volume": 408144359, "typical_volume": 617300995.45, "trend": 5.596751, "fair_value": 4.960015, "relative_strength": -0.409505, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.278744, "energy": 24.225552, "activity_lines": [ 5.672567, 5.579432, 5.553057, 5.57984 ] }, { "date": "2025-05-02", "close": 5.647295, "volume": 247805824, "typical_volume": 543927123.4, "trend": 5.589299, "fair_value": 4.96615, "relative_strength": -0.274931, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.851932, "energy": 23.746802, "activity_lines": [ 5.678399, 5.60382, 5.557223, 5.583101 ] }, { "date": "2025-05-09", "close": 5.793094, "volume": 408358833, "typical_volume": 521273929.2, "trend": 5.597075, "fair_value": 4.973581, "relative_strength": 0.171757, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.619023, "energy": 39.630373, "activity_lines": [ 5.720519, 5.650476, 5.576895, 5.596249 ] }, { "date": "2025-05-16", "close": 5.841694, "volume": 471750934, "typical_volume": 515388324.0, "trend": 5.607443, "fair_value": 4.981565, "relative_strength": 0.080791, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 37.240389, "energy": 42.430905, "activity_lines": [ 5.762638, 5.697308, 5.601657, 5.612031 ] }, { "date": "2025-05-23", "close": 5.705614, "volume": 329925110, "typical_volume": 507928767.55, "trend": 5.615867, "fair_value": 4.990484, "relative_strength": -1.827711, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 25.999817, "energy": 25.86932, "activity_lines": [ 5.748382, 5.711093, 5.614478, 5.618365 ] }, { "date": "2025-05-30", "close": 5.695895, "volume": 278793317, "typical_volume": 498389609.2, "trend": 5.626235, "fair_value": 5.000305, "relative_strength": -2.122492, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 23.978341, "energy": 22.605163, "activity_lines": [ 5.737366, 5.719399, 5.62679, 5.623528 ] }, { "date": "2025-06-06", "close": 5.647295, "volume": 259588398, "typical_volume": 484706467.05, "trend": 5.630771, "fair_value": 5.009392, "relative_strength": -4.079091, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 11.628516, "energy": 12.800871, "activity_lines": [ 5.707559, 5.71286, 5.633872, 5.624887 ] }, { "date": "2025-06-13", "close": 5.579255, "volume": 429059874, "typical_volume": 479363969.95, "trend": 5.633363, "fair_value": 5.017019, "relative_strength": -5.044506, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.028467, "energy": 5.98695, "activity_lines": [ 5.655071, 5.690593, 5.634057, 5.621563 ] }, { "date": "2025-06-20", "close": 5.608415, "volume": 428590138, "typical_volume": 495898355.0, "trend": 5.641139, "fair_value": 5.024351, "relative_strength": -4.08213, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.25205, "energy": 8.605021, "activity_lines": [ 5.626559, 5.673097, 5.636834, 5.619953 ] }, { "date": "2025-06-27", "close": 5.618135, "volume": 637521338, "typical_volume": 510395762.8, "trend": 5.642759, "fair_value": 5.032348, "relative_strength": -5.597664, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.898445, "energy": 9.650892, "activity_lines": [ 5.616839, 5.658605, 5.640213, 5.618469 ] }, { "date": "2025-07-04", "close": 5.540375, "volume": 369959349, "typical_volume": 502900767.85, "trend": 5.624939, "fair_value": 5.039484, "relative_strength": -7.976415, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.486375, "energy": 18.064702, "activity_lines": [ 5.587031, 5.633333, 5.635585, 5.611864 ] }, { "date": "2025-07-11", "close": 5.540375, "volume": 510668750, "typical_volume": 502356291.25, "trend": 5.610035, "fair_value": 5.046742, "relative_strength": -8.745397, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.397841, "energy": 22.339778, "activity_lines": [ 5.567591, 5.610182, 5.630817, 5.606408 ] }, { "date": "2025-07-18", "close": 5.509223, "volume": 511119704, "typical_volume": 498289445.1, "trend": 5.597333, "fair_value": 5.052594, "relative_strength": -9.575307, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.304871, "energy": 31.685241, "activity_lines": [ 5.544895, 5.583311, 5.622481, 5.599904 ] }, { "date": "2025-07-25", "close": 5.529076, "volume": 710254566, "typical_volume": 496362536.75, "trend": 5.579784, "fair_value": 5.058514, "relative_strength": -10.318513, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.875467, "energy": 34.938656, "activity_lines": [ 5.533485, 5.565211, 5.61512, 5.595501 ] }, { "date": "2025-08-01", "close": 5.350398, "volume": 724112381, "typical_volume": 501614343.0, "trend": 5.565027, "fair_value": 5.063529, "relative_strength": -11.960023, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.170087, "energy": 51.473272, "activity_lines": [ 5.467806, 5.520307, 5.590054, 5.580701 ] }, { "date": "2025-08-08", "close": 5.439736, "volume": 407715668, "typical_volume": 498880011.4, "trend": 5.560701, "fair_value": 5.0699, "relative_strength": -11.911926, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.741243, "energy": 47.300239, "activity_lines": [ 5.449755, 5.498106, 5.574217, 5.572618 ] }, { "date": "2025-08-15", "close": 5.350398, "volume": 628902981, "typical_volume": 510831716.25, "trend": 5.55372, "fair_value": 5.075699, "relative_strength": -14.331124, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.476458, "energy": 58.115844, "activity_lines": [ 5.408634, 5.464319, 5.549518, 5.55905 ] }, { "date": "2025-08-22", "close": 5.310692, "volume": 1266538656, "typical_volume": 556132806.8, "trend": 5.546064, "fair_value": 5.081433, "relative_strength": -17.319906, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -73.590139, "energy": 72.692243, "activity_lines": [ 5.366942, 5.42871, 5.521571, 5.543371 ] }, { "date": "2025-08-29", "close": 5.300766, "volume": 845781576, "typical_volume": 529592637.7, "trend": 5.538077, "fair_value": 5.087712, "relative_strength": -17.707288, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.439884, "energy": 67.753813, "activity_lines": [ 5.335177, 5.39618, 5.493819, 5.527545 ] }, { "date": "2025-09-05", "close": 5.231279, "volume": 928545492, "typical_volume": 540156862.4, "trend": 5.529394, "fair_value": 5.093119, "relative_strength": -17.311386, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.929606, "energy": 73.269688, "activity_lines": [ 5.295471, 5.356609, 5.461238, 5.507752 ] }, { "date": "2025-09-12", "close": 5.241206, "volume": 685322731, "typical_volume": 554015781.0, "trend": 5.520394, "fair_value": 5.098895, "relative_strength": -17.883599, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.82435, "energy": 71.953395, "activity_lines": [ 5.267015, 5.325877, 5.432324, 5.489159 ] }, { "date": "2025-09-19", "close": 5.161794, "volume": 783560378, "typical_volume": 580803508.7, "trend": 5.511986, "fair_value": 5.104222, "relative_strength": -17.537504, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.614361, "energy": 73.023269, "activity_lines": [ 5.225324, 5.286146, 5.397827, 5.466024 ] }, { "date": "2025-09-26", "close": 5.161794, "volume": 693095697, "typical_volume": 595040351.9, "trend": 5.506819, "fair_value": 5.110097, "relative_strength": -17.3048, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.062406, "energy": 74.844336, "activity_lines": [ 5.196206, 5.253298, 5.365642, 5.443431 ] }, { "date": "2025-10-03", "close": 5.092308, "volume": 442342004, "typical_volume": 593569905.4, "trend": 5.497067, "fair_value": 5.114736, "relative_strength": -19.139404, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.587917, "energy": 77.412186, "activity_lines": [ 5.153853, 5.214134, 5.329846, 5.416688 ] }, { "date": "2025-10-10", "close": 5.112161, "volume": 347998383, "typical_volume": 594473569.05, "trend": 5.484089, "fair_value": 5.119745, "relative_strength": -18.720056, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.365144, "energy": 74.789993, "activity_lines": [ 5.132014, 5.18652, 5.299509, 5.391855 ] }, { "date": "2025-10-17", "close": 5.122087, "volume": 979903736, "typical_volume": 629529090.0, "trend": 5.475978, "fair_value": 5.125427, "relative_strength": -16.989723, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.717165, "energy": 64.670811, "activity_lines": [ 5.121426, 5.165042, 5.272943, 5.3685 ] }, { "date": "2025-10-24", "close": 5.201499, "volume": 672694029, "typical_volume": 650184371.55, "trend": 5.467275, "fair_value": 5.131252, "relative_strength": -17.731358, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.217446, "energy": 50.113681, "activity_lines": [ 5.145249, 5.163779, 5.256672, 5.350792 ] }, { "date": "2025-10-31", "close": 5.19, "volume": 579171481, "typical_volume": 657689951.9, "trend": 5.455271, "fair_value": 5.137308, "relative_strength": -17.676399, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.174191, "energy": 42.692073, "activity_lines": [ 5.162592, 5.163132, 5.24143, 5.332903 ] }, { "date": "2025-11-07", "close": 5.21, "volume": 466901555, "typical_volume": 659605522.75, "trend": 5.439723, "fair_value": 5.143127, "relative_strength": -17.953152, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.093748, "energy": 31.383004, "activity_lines": [ 5.184722, 5.168316, 5.229945, 5.317079 ] }, { "date": "2025-11-14", "close": 5.24, "volume": 574001092, "typical_volume": 656429510.45, "trend": 5.420962, "fair_value": 5.149565, "relative_strength": -16.994359, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.832263, "energy": 21.721527, "activity_lines": [ 5.209006, 5.180604, 5.223215, 5.304194 ] }, { "date": "2025-11-21", "close": 5.11, "volume": 535189038, "typical_volume": 664690994.9, "trend": 5.402729, "fair_value": 5.152673, "relative_strength": -15.447872, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.616865, "energy": 29.69828, "activity_lines": [ 5.181433, 5.169098, 5.205905, 5.284132 ] }, { "date": "2025-11-28", "close": 5.09, "volume": 453806509, "typical_volume": 661847882.85, "trend": 5.384152, "fair_value": 5.155835, "relative_strength": -16.570007, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.097929, "energy": 39.120415, "activity_lines": [ 5.148, 5.156341, 5.188739, 5.263956 ] }, { "date": "2025-12-05", "close": 5.24, "volume": 661355955, "typical_volume": 669359695.4, "trend": 5.365716, "fair_value": 5.160629, "relative_strength": -13.957983, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.414381, "energy": 29.414787, "activity_lines": [ 5.172, 5.172162, 5.188004, 5.254656 ] }, { "date": "2025-12-12", "close": 5.15, "volume": 524252874, "typical_volume": 660059610.8, "trend": 5.342659, "fair_value": 5.164785, "relative_strength": -14.679273, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.401563, "energy": 32.636584, "activity_lines": [ 5.162667, 5.170197, 5.179979, 5.240739 ] }, { "date": "2025-12-19", "close": 5.22, "volume": 511569480, "typical_volume": 649432465.75, "trend": 5.326472, "fair_value": 5.167807, "relative_strength": -13.105712, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.341708, "energy": 20.031374, "activity_lines": [ 5.180667, 5.179911, 5.180426, 5.232825 ] }, { "date": "2025-12-26", "close": 5.22, "volume": 379333993, "typical_volume": 648013382.0, "trend": 5.310609, "fair_value": 5.172594, "relative_strength": -14.215392, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.321053, "energy": 13.215016, "activity_lines": [ 5.2, 5.187664, 5.181494, 5.225956 ] }, { "date": "2026-01-02", "close": 5.15, "volume": 274026628, "typical_volume": 630269564.35, "trend": 5.294032, "fair_value": 5.175411, "relative_strength": -14.936337, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.583715, "energy": 14.59761, "activity_lines": [ 5.188667, 5.180909, 5.176942, 5.215594 ] }, { "date": "2026-01-09", "close": 5.11, "volume": 632191958, "typical_volume": 598552229.45, "trend": 5.278391, "fair_value": 5.17858, "relative_strength": -18.16814, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.949749, "energy": 25.050651, "activity_lines": [ 5.16, 5.167818, 5.169535, 5.203721 ] }, { "date": "2026-01-16", "close": 4.96, "volume": 893407096, "typical_volume": 600933505.45, "trend": 5.256777, "fair_value": 5.180422, "relative_strength": -19.696319, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -73.628542, "energy": 54.950848, "activity_lines": [ 5.09, 5.128909, 5.148797, 5.18318 ] }, { "date": "2026-01-23", "close": 4.89, "volume": 1091263652, "typical_volume": 609069413.45, "trend": 5.232506, "fair_value": 5.182363, "relative_strength": -20.959208, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.138114, "energy": 74.943219, "activity_lines": [ 5.009333, 5.081818, 5.123015, 5.159517 ] }, { "date": "2026-01-30", "close": 4.87, "volume": 1497161005, "typical_volume": 649661327.15, "trend": 5.21016, "fair_value": 5.183446, "relative_strength": -20.400273, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.723519, "energy": 79.868464, "activity_lines": [ 4.944, 5.037455, 5.096954, 5.136129 ] }, { "date": "2026-02-06", "close": 4.97, "volume": 1233017315, "typical_volume": 672134174.0, "trend": 5.191147, "fair_value": 5.185291, "relative_strength": -17.248322, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.846349, "energy": 73.474646, "activity_lines": [ 4.935333, 5.015636, 5.082184, 5.120635 ] }, { "date": "2026-02-13", "close": 4.91, "volume": 644840544, "typical_volume": 669721416.35, "trend": 5.171173, "fair_value": 5.187665, "relative_strength": -18.104309, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.014266, "energy": 70.53554, "activity_lines": [ 4.918667, 4.985091, 5.062614, 5.102496 ] }, { "date": "2026-02-27", "close": 4.95, "volume": 601090048, "typical_volume": 677658818.55, "trend": 5.151871, "fair_value": 5.190417, "relative_strength": -18.599493, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.384911, "energy": 49.044351, "activity_lines": [ 4.928667, 4.967818, 5.048052, 5.088227 ] }, { "date": "2026-03-06", "close": 5.05, "volume": 1243269170, "typical_volume": 722422357.9, "trend": 5.141857, "fair_value": 5.193506, "relative_strength": -15.758449, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.661276, "energy": 28.991101, "activity_lines": [ 4.972667, 4.972364, 5.043691, 5.081655 ] }, { "date": "2026-03-13", "close": 5.1, "volume": 721208312, "typical_volume": 709487586.7, "trend": 5.130533, "fair_value": 5.19655, "relative_strength": -13.927079, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.784969, "energy": 17.678321, "activity_lines": [ 5.022667, 4.989091, 5.044388, 5.078954 ] }, { "date": "2026-03-20", "close": 5.07, "volume": 762303861, "typical_volume": 713968078.3, "trend": 5.121186, "fair_value": 5.196966, "relative_strength": -11.053474, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.691531, "energy": 19.735105, "activity_lines": [ 5.047333, 5.002545, 5.042333, 5.075049 ] }, { "date": "2026-03-27", "close": 5.05, "volume": 890889815, "typical_volume": 729553995.0, "trend": 5.112496, "fair_value": 5.198716, "relative_strength": -10.058207, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.66021, "energy": 19.996607, "activity_lines": [ 5.058667, 5.013818, 5.039, 5.070456 ] }, { "date": "2026-04-03", "close": 5.05, "volume": 581878490, "typical_volume": 735302841.75, "trend": 5.104138, "fair_value": 5.199552, "relative_strength": -8.877488, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.788455, "energy": 16.602661, "activity_lines": [ 5.060667, 5.026182, 5.036333, 5.066424 ] }, { "date": "2026-04-10", "close": 4.95, "volume": 447511321, "typical_volume": 728978353.2, "trend": 5.094762, "fair_value": 5.200113, "relative_strength": -12.56671, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.019187, "energy": 16.779936, "activity_lines": [ 5.022667, 5.018727, 5.024905, 5.05648 ] }, { "date": "2026-04-17", "close": 4.93, "volume": 542485503, "typical_volume": 729343176.45, "trend": 5.084388, "fair_value": 5.199936, "relative_strength": -13.69488, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.400793, "energy": 27.573876, "activity_lines": [ 4.984667, 5.006545, 5.012952, 5.04585 ] }, { "date": "2026-04-24", "close": 4.91, "volume": 585486482, "typical_volume": 735927175.1, "trend": 5.075995, "fair_value": 5.19957, "relative_strength": -13.97913, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.983093, "energy": 42.194882, "activity_lines": [ 4.951333, 4.989636, 4.999952, 5.034599 ] }, { "date": "2026-05-01", "close": 4.9, "volume": 466610768, "typical_volume": 726189915.75, "trend": 5.067268, "fair_value": 5.199384, "relative_strength": -14.208385, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.815768, "energy": 54.750625, "activity_lines": [ 4.925333, 4.972, 4.986857, 5.023245 ] }, { "date": "2026-05-08", "close": 4.85, "volume": 397029678, "typical_volume": 719828755.95, "trend": 5.059192, "fair_value": 5.198695, "relative_strength": -15.805977, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.564582, "energy": 62.803104, "activity_lines": [ 4.892667, 4.945455, 4.970619, 5.009228 ] }, { "date": "2026-05-15", "close": 4.96, "volume": 1391219375, "typical_volume": 763811250.7, "trend": 5.05412, "fair_value": 5.197432, "relative_strength": -12.315135, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.313822, "energy": 43.583111, "activity_lines": [ 4.91, 4.940727, 4.966286, 5.002828 ] }, { "date": "2026-05-22", "close": 4.86, "volume": 854431456, "typical_volume": 787566123.85, "trend": 5.045383, "fair_value": 5.193702, "relative_strength": -12.936149, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.136919, "energy": 37.446051, "activity_lines": [ 4.893333, 4.919455, 4.953667, 4.990304 ] }, { "date": "2026-05-29", "close": 5.02, "volume": 748307040, "typical_volume": 811280144.45, "trend": 5.039333, "fair_value": 5.192337, "relative_strength": -8.48033, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.73561, "energy": 18.676197, "activity_lines": [ 4.934667, 4.931636, 4.958, 4.988667 ] }, { "date": "2026-06-05", "close": 4.95, "volume": 137325141, "typical_volume": 786536803.6, "trend": 5.031333, "fair_value": 5.190097, "relative_strength": -8.222966, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.182399, "energy": 14.534528, "activity_lines": [ 4.945333, 4.932, 4.956286, 4.982903 ] }, { "date": "2026-06-12", "close": 5.0, "volume": 306183226, "typical_volume": 757175610.1, "trend": 5.024333, "fair_value": 5.188847, "relative_strength": -6.81008, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.870015, "energy": 12.5048, "activity_lines": [ 4.969333, 4.943273, 4.960095, 4.980882 ] }, { "date": "2026-06-19", "close": 4.59, "volume": 1246237939, "typical_volume": 764924324.45, "trend": 5.002667, "fair_value": 5.184726, "relative_strength": -15.034185, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.053251, "energy": 36.827495, "activity_lines": [ 4.846667, 4.880909, 4.924667, 4.95286 ] }, { "date": "2026-06-26", "close": 4.53, "volume": 160743862, "typical_volume": 698103467.3, "trend": 4.983333, "fair_value": 5.179428, "relative_strength": -14.148018, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.909403, "energy": 74.077901, "activity_lines": [ 4.728667, 4.814182, 4.884952, 4.922366 ] }, { "date": "2026-07-03", "close": 4.63, "volume": 194352815, "typical_volume": 646170242.3, "trend": 4.968, "fair_value": 5.175137, "relative_strength": -11.967743, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.273262, "energy": 75.12326, "activity_lines": [ 4.666, 4.772909, 4.856381, 4.89957 ] }, { "date": "2026-07-10", "close": 4.66, "volume": 695873527, "typical_volume": 648721891.45, "trend": 4.948667, "fair_value": 5.172986, "relative_strength": -9.771666, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.408551, "energy": 76.451041, "activity_lines": [ 4.639333, 4.742182, 4.832286, 4.879699 ] }, { "date": "2026-07-17", "close": 4.82, "volume": 903119132, "typical_volume": 663823345.65, "trend": 4.937667, "fair_value": 5.171861, "relative_strength": -0.480345, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.506744, "energy": 62.01172, "activity_lines": [ 4.685333, 4.744909, 4.824619, 4.871398 ] }, { "date": "2026-07-24", "close": 5.02, "volume": 1079857865, "typical_volume": 655652780.4, "trend": 4.931, "fair_value": 5.170617, "relative_strength": 2.661404, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.190962, "energy": 12.963874, "activity_lines": [ 4.81, 4.784545, 4.836619, 4.87671 ] }, { "date": "2026-07-31", "close": 5.13, "volume": 1041001215, "typical_volume": 671642425.55, "trend": 4.928, "fair_value": 5.169714, "relative_strength": 4.730535, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 18.21599, "energy": 23.107314, "activity_lines": [ 4.942667, 4.843091, 4.859238, 4.889548 ] }, { "date": "2026-08-07", "close": 5.04, "volume": 809066548, "typical_volume": 673980559.9, "trend": 4.924333, "fair_value": 5.168416, "relative_strength": 0.416704, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 19.850229, "energy": 29.707018, "activity_lines": [ 5.005333, 4.880364, 4.873143, 4.896774 ] } ], "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." } } }