{
  "ticker": {
    "uuid": "311a4450-a0ef-409c-9596-2e691e4c422d",
    "symbol": "7719",
    "name": "Carbon-Based Technology Inc.",
    "exchange": "TWO",
    "country": "TW",
    "assetType": "equity"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-14",
    "benchmark": "^TWII",
    "stage": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 51.042,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 51.54,
    "architecture_energy": 25.795,
    "architecture_maturity": 47.968,
    "architecture_confidence": 72.282,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 51.43,
        "rotation_up": 38.06,
        "upward_expansion": 61.08,
        "deceleration": 86.54,
        "rotation_down": 21.97,
        "downward_expansion": 13.41
      },
      "activity_lines": [
        49.150001,
        49.328182,
        46.382381,
        44.674731
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 54.299999,
    "trend_reference": 43.365,
    "distance_from_trend": 0.252162,
    "trend_direction": "Weakening",
    "fair_value": 37.236755,
    "distance_from_fair_value": 0.458237,
    "fair_value_direction": "Improving",
    "relative_strength": -20.534683,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.308434,
    "excess_performance": -0.132938,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.252162,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.038079,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.458237,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.349247,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.205347,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.135399,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.308434,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.820974,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 2164733,
      "relative_activity": 0.684154,
      "balance": 0.820974,
      "dry_up": 0.592159,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.160363,
      "annualized_volatility": 0.772658,
      "from_high_reference": -0.427819,
      "from_low_reference": 1.104651
    },
    "levels": {
      "trend_reference": 43.365,
      "fair_value_reference": 37.236755,
      "structural_low": 34.400002,
      "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": 0.092657,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.089173,
        "regime_survival": 0.666667,
        "best_return": 1.72,
        "worst_return": -0.235294,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 1,
        "median_return": 1.061818,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.949446,
        "regime_survival": 0.0,
        "best_return": 1.061818,
        "worst_return": 1.061818,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 1,
        "median_return": 0.538182,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.047953,
        "regime_survival": 0.0,
        "best_return": 0.538182,
        "worst_return": 0.538182,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 0,
        "median_return": null,
        "positive_rate": null,
        "directional_follow_through": null,
        "median_excess_return": null,
        "regime_survival": null,
        "best_return": null,
        "worst_return": null,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-07-11",
        "end": "2025-08-15",
        "tenure": "Developing",
        "return": 0.041833,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-22",
        "end": "2025-10-17",
        "tenure": "Developing",
        "return": 1.08,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-24",
        "end": "2026-01-23",
        "tenure": "Established",
        "return": -0.137432,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-01-30",
        "end": "2026-03-06",
        "tenure": "Developing",
        "return": -0.045455,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-03-13",
        "end": "2026-05-22",
        "tenure": "Developing",
        "return": 0.062338,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-05-29",
        "end": "2026-06-26",
        "tenure": "Developing",
        "return": -0.018473,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-07-03",
        "end": "2026-07-24",
        "tenure": "New",
        "return": -0.17953,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-07-31",
        "end": "2026-08-14",
        "tenure": "New",
        "return": 0.208009,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-12-29",
        "close": 37.700001,
        "volume": 113000,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-05",
        "close": 43.849998,
        "volume": 1422604,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-12",
        "close": 39.450001,
        "volume": 604412,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-19",
        "close": 38.25,
        "volume": 471996,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-26",
        "close": 36.5,
        "volume": 876635,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-02",
        "close": 35.950001,
        "volume": 212070,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-09",
        "close": 36.0,
        "volume": 60392,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-16",
        "close": 36.200001,
        "volume": 70102,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-23",
        "close": 38.150002,
        "volume": 235048,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-01",
        "close": 36.049999,
        "volume": 200307,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-08",
        "close": 35.150002,
        "volume": 166845,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-15",
        "close": 35.5,
        "volume": 183642,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-22",
        "close": 36.099998,
        "volume": 147596,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-29",
        "close": 36.450001,
        "volume": 353687,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-05",
        "close": 38.599998,
        "volume": 469204,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-12",
        "close": 38.650002,
        "volume": 1372949,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-19",
        "close": 41.849998,
        "volume": 1587825,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-26",
        "close": 40.200001,
        "volume": 349971,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-03",
        "close": 43.150002,
        "volume": 996433,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-10",
        "close": 42.0,
        "volume": 744353,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-17",
        "close": 38.75,
        "volume": 605371,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-24",
        "close": 39.049999,
        "volume": 323518,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-31",
        "close": 39.200001,
        "volume": 289874,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-07",
        "close": 39.849998,
        "volume": 237390,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-14",
        "close": 40.049999,
        "volume": 207577,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-21",
        "close": 40.349998,
        "volume": 308106,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-28",
        "close": 41.599998,
        "volume": 433110,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-05",
        "close": 40.5,
        "volume": 520740,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-12",
        "close": 39.209724,
        "volume": 323106,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-19",
        "close": 39.349998,
        "volume": 344122,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-26",
        "close": 38.650002,
        "volume": 142400,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-02",
        "close": 36.849998,
        "volume": 267783,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-09",
        "close": 34.5,
        "volume": 457250,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-16",
        "close": 34.0,
        "volume": 74806,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-23",
        "close": 33.900002,
        "volume": 130868,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-30",
        "close": 38.5,
        "volume": 584204,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-06",
        "close": 35.849998,
        "volume": 170225,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-13",
        "close": 36.700001,
        "volume": 153374,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-20",
        "close": 35.599998,
        "volume": 27951,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-27",
        "close": 36.0,
        "volume": 265013,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-04",
        "close": 35.650002,
        "volume": 44691,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-11",
        "close": 34.150002,
        "volume": 159776,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-18",
        "close": 30.0,
        "volume": 357985,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-25",
        "close": 29.0,
        "volume": 215277,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-01",
        "close": 23.0,
        "volume": 849167,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-08",
        "close": 20.200001,
        "volume": 763822,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-15",
        "close": 24.65,
        "volume": 491020,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-22",
        "close": 27.0,
        "volume": 554468,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-29",
        "close": 27.0,
        "volume": 267901,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-06",
        "close": 25.85,
        "volume": 89347,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-13",
        "close": 25.799999,
        "volume": 182896,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-20",
        "close": 25.5,
        "volume": 88090,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-27",
        "close": 28.1,
        "volume": 675438,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-03",
        "close": 30.35,
        "volume": 2205135,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-10",
        "close": 24.450001,
        "volume": 1817098,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-17",
        "close": 25.85,
        "volume": 763091,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-24",
        "close": 26.0,
        "volume": 494130,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-07",
        "close": 26.9,
        "volume": 225515,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-14",
        "close": 25.049999,
        "volume": 270725,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-21",
        "close": 25.6,
        "volume": 643516,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-28",
        "close": 24.200001,
        "volume": 391833,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-07",
        "close": 22.5,
        "volume": 459803,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-14",
        "close": 21.15,
        "volume": 268761,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-21",
        "close": 21.4,
        "volume": 349699,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-28",
        "close": 20.200001,
        "volume": 839427,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-04-04",
        "close": 20.200001,
        "volume": 327209,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-04-11",
        "close": 19.6,
        "volume": 934026,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-04-18",
        "close": 19.515102,
        "volume": 361769,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-04-25",
        "close": 18.4,
        "volume": 208000,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-05-02",
        "close": 19.049999,
        "volume": 181231,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-05-09",
        "close": 19.0,
        "volume": 167871,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-05-16",
        "close": 18.299999,
        "volume": 328534,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-05-23",
        "close": 18.0,
        "volume": 271242,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-05-30",
        "close": 18.0,
        "volume": 92950,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-06-06",
        "close": 17.950001,
        "volume": 189209,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-06-13",
        "close": 18.299999,
        "volume": 176859,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-06-20",
        "close": 23.25,
        "volume": 1585976,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-06-27",
        "close": 24.299999,
        "volume": 725962,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-07-04",
        "close": 26.299999,
        "volume": 819259,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-07-11",
        "close": 25.1,
        "volume": 563423,
        "typical_volume": 462152.15,
        "trend": 22.610503,
        "fair_value": 30.98781,
        "relative_strength": -8.019523,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 34.791118,
        "energy": 57.782448,
        "activity_lines": [
          24.559999,
          22.290909,
          20.956527,
          21.476391
        ]
      },
      {
        "date": "2025-07-18",
        "close": 24.549999,
        "volume": 190383,
        "typical_volume": 452079.65,
        "trend": 22.568837,
        "fair_value": 30.908331,
        "relative_strength": -11.631769,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 29.79752,
        "energy": 70.569869,
        "activity_lines": [
          24.926666,
          22.963636,
          21.319789,
          21.60152
        ]
      },
      {
        "date": "2025-07-25",
        "close": 25.25,
        "volume": 548185,
        "typical_volume": 456498.75,
        "trend": 22.560503,
        "fair_value": 30.839327,
        "relative_strength": -8.087105,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 32.431683,
        "energy": 68.636552,
        "activity_lines": [
          25.11,
          23.662727,
          21.74805,
          21.774498
        ]
      },
      {
        "date": "2025-08-01",
        "close": 24.65,
        "volume": 848291,
        "typical_volume": 485475.25,
        "trend": 22.445503,
        "fair_value": 30.764757,
        "relative_strength": -9.509881,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 36.393227,
        "energy": 51.491902,
        "activity_lines": [
          24.96,
          24.126363,
          22.106074,
          21.909304
        ]
      },
      {
        "date": "2025-08-08",
        "close": 30.299999,
        "volume": 4700281,
        "typical_volume": 703004.35,
        "trend": 22.443837,
        "fair_value": 30.759224,
        "relative_strength": 9.312361,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 61.355125,
        "energy": 55.45572,
        "activity_lines": [
          26.67,
          25.496363,
          22.985525,
          22.416046
        ]
      },
      {
        "date": "2025-08-15",
        "close": 26.15,
        "volume": 2753788,
        "typical_volume": 798722.4,
        "trend": 22.500503,
        "fair_value": 30.704998,
        "relative_strength": -6.040144,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 61.177684,
        "energy": 52.01152,
        "activity_lines": [
          26.73,
          25.888181,
          23.427358,
          22.655153
        ]
      },
      {
        "date": "2025-08-22",
        "close": 27.5,
        "volume": 1936442,
        "typical_volume": 879184.05,
        "trend": 22.555503,
        "fair_value": 30.66773,
        "relative_strength": 1.803889,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.568019,
        "energy": 52.129496,
        "activity_lines": [
          27.17,
          26.376363,
          23.969429,
          22.977701
        ]
      },
      {
        "date": "2025-08-29",
        "close": 49.799999,
        "volume": 13238851,
        "typical_volume": 1494425.3,
        "trend": 23.348837,
        "fair_value": 30.887642,
        "relative_strength": 79.20036,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 95.182797,
        "energy": 90.757011,
        "activity_lines": [
          34.846666,
          30.751818,
          26.600548,
          24.735411
        ]
      },
      {
        "date": "2025-09-05",
        "close": 54.273808,
        "volume": 26071405,
        "typical_volume": 2779907.1,
        "trend": 24.261297,
        "fair_value": 31.153394,
        "relative_strength": 91.64955,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 93.633527,
        "energy": 95.083623,
        "activity_lines": [
          42.377936,
          35.457965,
          29.513934,
          26.73057
        ]
      },
      {
        "date": "2025-09-12",
        "close": 69.0,
        "volume": 12982073,
        "typical_volume": 3418610.75,
        "trend": 25.726297,
        "fair_value": 31.578636,
        "relative_strength": 130.30731,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 94.494856,
        "energy": 96.614003,
        "activity_lines": [
          52.843015,
          42.296623,
          33.664297,
          29.616938
        ]
      },
      {
        "date": "2025-09-19",
        "close": 74.800003,
        "volume": 5354145,
        "typical_volume": 3677256.45,
        "trend": 27.366297,
        "fair_value": 32.058874,
        "relative_strength": 143.721298,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 90.561943,
        "energy": 96.241407,
        "activity_lines": [
          62.661429,
          49.413463,
          38.126088,
          32.782984
        ]
      },
      {
        "date": "2025-09-26",
        "close": 57.799999,
        "volume": 6453100,
        "typical_volume": 3991517.9,
        "trend": 28.486297,
        "fair_value": 32.341743,
        "relative_strength": 86.365219,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.818269,
        "energy": 80.045323,
        "activity_lines": [
          63.569841,
          52.535758,
          40.703356,
          34.746448
        ]
      },
      {
        "date": "2025-10-03",
        "close": 64.099998,
        "volume": 4449469,
        "typical_volume": 4197564.65,
        "trend": 29.872964,
        "fair_value": 32.686942,
        "relative_strength": 95.029291,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.890438,
        "energy": 64.972714,
        "activity_lines": [
          64.558254,
          56.198961,
          43.695861,
          37.044106
        ]
      },
      {
        "date": "2025-10-10",
        "close": 59.799999,
        "volume": 2144816,
        "typical_volume": 4291243.35,
        "trend": 31.161297,
        "fair_value": 32.97848,
        "relative_strength": 76.704192,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.906115,
        "energy": 58.371577,
        "activity_lines": [
          63.159999,
          58.373982,
          46.060748,
          38.974883
        ]
      },
      {
        "date": "2025-10-17",
        "close": 57.200001,
        "volume": 3052237,
        "typical_volume": 4439207.7,
        "trend": 32.35463,
        "fair_value": 33.236156,
        "relative_strength": 67.449771,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 57.432915,
        "energy": 45.698671,
        "activity_lines": [
          60.526666,
          59.437186,
          47.978968,
          40.654799
        ]
      },
      {
        "date": "2025-10-24",
        "close": 55.299999,
        "volume": 1622796,
        "typical_volume": 4510887.05,
        "trend": 33.52463,
        "fair_value": 33.468407,
        "relative_strength": 58.75154,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 44.450156,
        "energy": 35.834219,
        "activity_lines": [
          58.046666,
          59.665844,
          49.529569,
          42.135146
        ]
      },
      {
        "date": "2025-10-31",
        "close": 53.5,
        "volume": 1891013,
        "typical_volume": 4596594.75,
        "trend": 34.63463,
        "fair_value": 33.677069,
        "relative_strength": 48.298804,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 39.380757,
        "energy": 27.551797,
        "activity_lines": [
          56.266666,
          59.037229,
          50.730884,
          43.423879
        ]
      },
      {
        "date": "2025-11-07",
        "close": 54.200001,
        "volume": 2275175,
        "typical_volume": 4631054.7,
        "trend": 35.787963,
        "fair_value": 33.888646,
        "relative_strength": 51.237627,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 36.716509,
        "energy": 22.795502,
        "activity_lines": [
          55.006667,
          58.06316,
          51.831247,
          44.686161
        ]
      },
      {
        "date": "2025-11-14",
        "close": 62.5,
        "volume": 3093837,
        "typical_volume": 4749448.45,
        "trend": 37.220793,
        "fair_value": 34.180598,
        "relative_strength": 72.372739,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 45.013822,
        "energy": 26.714532,
        "activity_lines": [
          57.173334,
          58.518182,
          53.574705,
          46.409518
        ]
      },
      {
        "date": "2025-11-21",
        "close": 56.700001,
        "volume": 2995610,
        "typical_volume": 4858266.0,
        "trend": 38.49746,
        "fair_value": 34.408067,
        "relative_strength": 59.609769,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 37.149637,
        "energy": 22.783957,
        "activity_lines": [
          57.226667,
          57.769091,
          54.583877,
          47.666242
        ]
      },
      {
        "date": "2025-11-28",
        "close": 58.299999,
        "volume": 3797247,
        "typical_volume": 5019957.2,
        "trend": 39.805793,
        "fair_value": 34.646986,
        "relative_strength": 54.969737,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 48.541788,
        "energy": 28.094232,
        "activity_lines": [
          57.846667,
          57.534545,
          55.600669,
          48.943825
        ]
      },
      {
        "date": "2025-12-05",
        "close": 52.400002,
        "volume": 6295576,
        "typical_volume": 5325216.85,
        "trend": 40.919127,
        "fair_value": 34.822759,
        "relative_strength": 36.252699,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 36.703732,
        "energy": 22.255299,
        "activity_lines": [
          56.300001,
          56.527273,
          55.89746,
          49.756354
        ]
      },
      {
        "date": "2025-12-12",
        "close": 50.5,
        "volume": 3602217,
        "typical_volume": 5477918.45,
        "trend": 41.99246,
        "fair_value": 34.976457,
        "relative_strength": 29.079573,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 23.344386,
        "energy": 12.704276,
        "activity_lines": [
          54.193334,
          55.272728,
          55.88068,
          50.374475
        ]
      },
      {
        "date": "2025-12-19",
        "close": 50.099998,
        "volume": 1456892,
        "typical_volume": 5508348.5,
        "trend": 43.06246,
        "fair_value": 35.123288,
        "relative_strength": 29.144858,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 15.460986,
        "energy": 13.288198,
        "activity_lines": [
          52.2,
          54.192727,
          55.705567,
          50.897542
        ]
      },
      {
        "date": "2025-12-26",
        "close": 50.099998,
        "volume": 1037320,
        "typical_volume": 5325200.45,
        "trend": 44.13246,
        "fair_value": 35.267294,
        "relative_strength": 24.197005,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 7.205418,
        "energy": 15.475394,
        "activity_lines": [
          51.033332,
          53.28909,
          55.409263,
          51.351577
        ]
      },
      {
        "date": "2026-01-02",
        "close": 48.549999,
        "volume": 1413734,
        "typical_volume": 5258197.75,
        "trend": 45.15246,
        "fair_value": 35.393796,
        "relative_strength": 16.391359,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 0.815637,
        "energy": 25.370566,
        "activity_lines": [
          49.789999,
          52.232727,
          54.871054,
          51.636579
        ]
      },
      {
        "date": "2026-01-09",
        "close": 46.900002,
        "volume": 6163614,
        "typical_volume": 5469556.35,
        "trend": 46.105793,
        "fair_value": 35.502346,
        "relative_strength": 8.620918,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": -4.778859,
        "energy": 27.310029,
        "activity_lines": [
          48.646666,
          50.999091,
          54.069036,
          51.749324
        ]
      },
      {
        "date": "2026-01-16",
        "close": 46.349998,
        "volume": 1800734,
        "typical_volume": 4897650.5,
        "trend": 46.875793,
        "fair_value": 35.603725,
        "relative_strength": 2.94626,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": -6.879335,
        "energy": 30.756574,
        "activity_lines": [
          47.686666,
          49.785454,
          53.122256,
          51.765079
        ]
      },
      {
        "date": "2026-01-23",
        "close": 47.700001,
        "volume": 2678404,
        "typical_volume": 3728000.45,
        "trend": 47.655793,
        "fair_value": 35.715728,
        "relative_strength": 3.590157,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -20.487247,
        "energy": 30.52901,
        "activity_lines": [
          47.453333,
          48.96,
          52.320476,
          51.818254
        ]
      },
      {
        "date": "2026-01-30",
        "close": 44.0,
        "volume": 1717388,
        "typical_volume": 3164766.2,
        "trend": 48.245793,
        "fair_value": 35.791731,
        "relative_strength": -5.088195,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -38.308213,
        "energy": 35.086908,
        "activity_lines": [
          46.146667,
          47.730909,
          51.197619,
          51.582396
        ]
      },
      {
        "date": "2026-02-06",
        "close": 41.5,
        "volume": 1127677,
        "typical_volume": 2953442.8,
        "trend": 48.79246,
        "fair_value": 35.843624,
        "relative_strength": -9.881706,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -42.817434,
        "energy": 47.274103,
        "activity_lines": [
          44.413333,
          46.278182,
          49.955714,
          51.147184
        ]
      },
      {
        "date": "2026-02-13",
        "close": 42.5,
        "volume": 847819,
        "typical_volume": 2673178.75,
        "trend": 49.390793,
        "fair_value": 35.903591,
        "relative_strength": -12.927188,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -37.892129,
        "energy": 51.764994,
        "activity_lines": [
          43.483333,
          45.312727,
          48.967619,
          50.741218
        ]
      },
      {
        "date": "2026-02-27",
        "close": 42.299999,
        "volume": 1643000,
        "typical_volume": 2532855.3,
        "trend": 49.959127,
        "fair_value": 35.960702,
        "relative_strength": -17.888933,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -37.24556,
        "energy": 57.660437,
        "activity_lines": [
          42.78,
          44.490909,
          48.033333,
          50.283748
        ]
      },
      {
        "date": "2026-03-06",
        "close": 42.0,
        "volume": 1334398,
        "typical_volume": 2492334.4,
        "trend": 50.53746,
        "fair_value": 36.014147,
        "relative_strength": -14.294251,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -63.825495,
        "energy": 68.750158,
        "activity_lines": [
          42.246666,
          43.763636,
          47.174286,
          49.770256
        ]
      },
      {
        "date": "2026-03-13",
        "close": 38.5,
        "volume": 1476703,
        "typical_volume": 2413557.7,
        "trend": 50.810793,
        "fair_value": 36.035953,
        "relative_strength": -21.130082,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -76.825814,
        "energy": 77.221805,
        "activity_lines": [
          40.926666,
          42.547273,
          46.066666,
          48.993645
        ]
      },
      {
        "date": "2026-03-20",
        "close": 35.599998,
        "volume": 2485584,
        "typical_volume": 2456697.1,
        "trend": 51.125793,
        "fair_value": 36.032162,
        "relative_strength": -27.477082,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -82.260422,
        "energy": 83.466263,
        "activity_lines": [
          39.006666,
          41.014545,
          44.771904,
          48.012304
        ]
      },
      {
        "date": "2026-03-27",
        "close": 37.549999,
        "volume": 3153766,
        "typical_volume": 2519834.75,
        "trend": 51.460793,
        "fair_value": 36.045247,
        "relative_strength": -22.681448,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.180548,
        "energy": 76.414778,
        "activity_lines": [
          38.129999,
          40.071818,
          43.756666,
          47.136446
        ]
      },
      {
        "date": "2026-04-03",
        "close": 38.849998,
        "volume": 841942,
        "typical_volume": 2448173.1,
        "trend": 51.095793,
        "fair_value": 36.069219,
        "relative_strength": -18.951871,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.589744,
        "energy": 67.358712,
        "activity_lines": [
          38.016665,
          39.535454,
          42.94119,
          46.322846
        ]
      },
      {
        "date": "2026-04-10",
        "close": 37.549999,
        "volume": 879203,
        "typical_volume": 2337441.4,
        "trend": 50.538333,
        "fair_value": 36.081768,
        "relative_strength": -28.062337,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.604928,
        "energy": 54.693897,
        "activity_lines": [
          37.699999,
          38.89909,
          42.074999,
          45.448924
        ]
      },
      {
        "date": "2026-04-17",
        "close": 40.400002,
        "volume": 2662937,
        "typical_volume": 2320807.75,
        "trend": 49.585,
        "fair_value": 36.118056,
        "relative_strength": -25.609405,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.396811,
        "energy": 45.600201,
        "activity_lines": [
          38.63,
          38.965454,
          41.599047,
          44.794838
        ]
      },
      {
        "date": "2026-04-24",
        "close": 42.299999,
        "volume": 4067660,
        "typical_volume": 2334328.4,
        "trend": 48.501666,
        "fair_value": 36.169572,
        "relative_strength": -26.445276,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -43.228796,
        "energy": 29.752229,
        "activity_lines": [
          40.066666,
          39.442727,
          41.381666,
          44.324838
        ]
      },
      {
        "date": "2026-05-01",
        "close": 38.049999,
        "volume": 1236313,
        "typical_volume": 2081365.25,
        "trend": 47.843333,
        "fair_value": 36.185113,
        "relative_strength": -33.870134,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -47.916466,
        "energy": 30.401504,
        "activity_lines": [
          39.64,
          39.132727,
          40.835714,
          43.650537
        ]
      },
      {
        "date": "2026-05-08",
        "close": 45.549999,
        "volume": 4743040,
        "typical_volume": 2138406.4,
        "trend": 47.225,
        "fair_value": 36.261874,
        "relative_strength": -26.10133,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -21.693264,
        "energy": 16.774558,
        "activity_lines": [
          41.679999,
          40.267272,
          41.07238,
          43.50258
        ]
      },
      {
        "date": "2026-05-15",
        "close": 40.25,
        "volume": 2973025,
        "typical_volume": 2214213.05,
        "trend": 46.573333,
        "fair_value": 36.294298,
        "relative_strength": -34.074541,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -32.370051,
        "energy": 18.273598,
        "activity_lines": [
          41.506666,
          40.37909,
          40.827857,
          43.05258
        ]
      },
      {
        "date": "2026-05-22",
        "close": 40.900002,
        "volume": 1921598,
        "typical_volume": 2258426.95,
        "trend": 46.03,
        "fair_value": 36.33144,
        "relative_strength": -34.856036,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -30.492741,
        "energy": 14.262782,
        "activity_lines": [
          41.37,
          40.640909,
          40.692143,
          42.686559
        ]
      },
      {
        "date": "2026-05-29",
        "close": 40.599998,
        "volume": 2362486,
        "typical_volume": 2305864.55,
        "trend": 45.54,
        "fair_value": 36.365589,
        "relative_strength": -38.957535,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -19.978751,
        "energy": 12.171559,
        "activity_lines": [
          41.1,
          40.804545,
          40.571666,
          42.336236
        ]
      },
      {
        "date": "2026-06-05",
        "close": 39.75,
        "volume": 1310918,
        "typical_volume": 2063229.75,
        "trend": 45.081666,
        "fair_value": 36.392449,
        "relative_strength": -40.713416,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -36.379702,
        "energy": 19.392218,
        "activity_lines": [
          40.66,
          40.722727,
          40.408095,
          41.962688
        ]
      },
      {
        "date": "2026-06-12",
        "close": 39.549999,
        "volume": 2611670,
        "typical_volume": 2103776.55,
        "trend": 44.593333,
        "fair_value": 36.417312,
        "relative_strength": -39.859095,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -36.344946,
        "energy": 20.058441,
        "activity_lines": [
          40.04,
          40.564545,
          40.259523,
          41.605806
        ]
      },
      {
        "date": "2026-06-19",
        "close": 40.150002,
        "volume": 817512,
        "typical_volume": 2010731.95,
        "trend": 43.848333,
        "fair_value": 36.446474,
        "relative_strength": -41.990007,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -35.149427,
        "energy": 19.514767,
        "activity_lines": [
          40.02,
          40.502727,
          40.200476,
          41.319139
        ]
      },
      {
        "date": "2026-06-26",
        "close": 39.849998,
        "volume": 2763514,
        "typical_volume": 2063038.25,
        "trend": 43.286666,
        "fair_value": 36.472858,
        "relative_strength": -39.852893,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -35.523918,
        "energy": 19.652755,
        "activity_lines": [
          39.906666,
          40.339091,
          40.148809,
          41.061182
        ]
      },
      {
        "date": "2026-07-03",
        "close": 59.599998,
        "volume": 14935266,
        "typical_volume": 2753417.7,
        "trend": 43.33,
        "fair_value": 36.650759,
        "relative_strength": -14.509824,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 37.552816,
        "energy": 43.004746,
        "activity_lines": [
          46.446666,
          43.776363,
          41.997857,
          42.113655
        ]
      },
      {
        "date": "2026-07-10",
        "close": 55.299999,
        "volume": 6239724,
        "typical_volume": 3023012.95,
        "trend": 43.426666,
        "fair_value": 36.793119,
        "relative_strength": -18.2395,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 40.2145,
        "energy": 57.414761,
        "activity_lines": [
          50.286666,
          46.117272,
          43.35119,
          42.885913
        ]
      },
      {
        "date": "2026-07-17",
        "close": 50.5,
        "volume": 5420644,
        "typical_volume": 3211895.15,
        "trend": 43.426666,
        "fair_value": 36.896959,
        "relative_strength": -20.723106,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 27.630077,
        "energy": 54.980706,
        "activity_lines": [
          51.489999,
          47.271818,
          44.186428,
          43.342258
        ]
      },
      {
        "date": "2026-07-24",
        "close": 48.900002,
        "volume": 2490024,
        "typical_volume": 3269676.45,
        "trend": 43.386666,
        "fair_value": 36.987208,
        "relative_strength": -25.032254,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 56.190575,
        "energy": 65.10536,
        "activity_lines": [
          51.43,
          48.045454,
          44.830238,
          43.695376
        ]
      },
      {
        "date": "2026-07-31",
        "close": 44.950001,
        "volume": 1995196,
        "typical_volume": 3295601.1,
        "trend": 43.215,
        "fair_value": 37.046631,
        "relative_strength": -30.198404,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 50.13434,
        "energy": 33.710279,
        "activity_lines": [
          49.470001,
          47.943636,
          45.065,
          43.796236
        ]
      },
      {
        "date": "2026-08-07",
        "close": 45.650002,
        "volume": 844660,
        "typical_volume": 3213554.9,
        "trend": 43.118333,
        "fair_value": 37.11036,
        "relative_strength": -30.866915,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 36.716343,
        "energy": 18.894156,
        "activity_lines": [
          47.403335,
          47.895455,
          45.335714,
          43.953333
        ]
      },
      {
        "date": "2026-08-14",
        "close": 54.299999,
        "volume": 2164733,
        "typical_volume": 3164103.25,
        "trend": 43.365,
        "fair_value": 37.236755,
        "relative_strength": -20.534683,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 51.54026,
        "energy": 25.79546,
        "activity_lines": [
          49.150001,
          49.328182,
          46.382381,
          44.674731
        ]
      }
    ],
    "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."
    }
  }
}