{ "ticker": { "uuid": "3145df3c-9e6a-4b2f-bd8d-59598c7173d0", "symbol": "5523", "name": "Fong-Chien Construction Co.,LTD.", "exchange": "TWO", "country": "TW", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-14", "benchmark": "^TWII", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 54.17, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "up", "architecture_direction": 17.395, "architecture_energy": 7.71, "architecture_maturity": 38.524, "architecture_confidence": 59.43, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 62.51, "rotation_up": 29.24, "upward_expansion": 45.71, "deceleration": 75.52, "rotation_down": 21.06, "downward_expansion": 23.71 }, "activity_lines": [ 30.35, 30.365455, 30.382143, 30.341505 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 30.35, "trend_reference": 30.316667, "distance_from_trend": 0.0011, "trend_direction": "Improving", "fair_value": 28.643986, "distance_from_fair_value": 0.059559, "fair_value_direction": "Weakening", "relative_strength": -28.76618, "relative_strength_direction": "Improving", "price_momentum": -0.004918, "excess_performance": -0.44629, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.0011, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.002535, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.059559, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.019023, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.287662, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.040005, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.004918, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.412039, "read": "Demand-led" } ], "volume": { "latest": 89283, "relative_activity": 0.374367, "balance": 1.412039, "dry_up": 0.674324, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.019136, "annualized_volatility": 0.078962, "from_high_reference": -0.081694, "from_low_reference": 0.076241 }, "levels": { "trend_reference": 30.316667, "fair_value_reference": 28.643986, "structural_low": 28.200001, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 26, "median_return": 0.0, "positive_rate": 0.423077, "directional_follow_through": 0.423077, "median_excess_return": -0.024712, "regime_survival": 0.730769, "best_return": 0.113074, "worst_return": -0.101587, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": 0.005034, "positive_rate": 0.545455, "directional_follow_through": 0.545455, "median_excess_return": -0.037367, "regime_survival": 0.454545, "best_return": 0.081511, "worst_return": -0.034615, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.021815, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.032057, "regime_survival": 0.333333, "best_return": 0.312127, "worst_return": -0.040385, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.041648, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.085465, "regime_survival": 0.5, "best_return": 0.29225, "worst_return": -0.059814, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-02-23", "end": "2024-03-15", "tenure": "New", "return": -0.020221, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-03-22", "end": "2024-03-29", "tenure": "New", "return": 0.049002, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-04-05", "end": "2024-07-26", "tenure": "Established", "return": 0.077241, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-02", "end": "2024-08-16", "tenure": "New", "return": 0.025126, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-08-23", "end": "2024-11-08", "tenure": "Developing", "return": 0.009804, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-11-15", "end": "2024-12-06", "tenure": "New", "return": -0.068792, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-13", "end": "2025-02-07", "tenure": "Developing", "return": 0.086956, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-14", "end": "2025-04-04", "tenure": "Developing", "return": -0.009983, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-11", "end": "2025-05-02", "tenure": "New", "return": 0.030303, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-09", "end": "2025-07-11", "tenure": "Developing", "return": -0.006563, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-18", "end": "2025-12-19", "tenure": "Established", "return": 0.020134, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-26", "end": "2026-03-27", "tenure": "Established", "return": -0.031353, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-03", "end": "2026-04-10", "tenure": "New", "return": 0.040816, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-17", "end": "2026-08-14", "tenure": "Established", "return": -0.004918, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 23.4167, "volume": 394000, "typical_volume": 229850.0, "trend": 22.651549, "fair_value": 20.783027, "relative_strength": -4.230548, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.13407, "energy": 35.006139, "activity_lines": [ 23.391723, 23.397967, 23.177543, 22.941989 ] }, { "date": "2023-08-18", "close": 24.166035, "volume": 688000, "typical_volume": 258450.0, "trend": 22.720709, "fair_value": 20.875694, "relative_strength": 0.16677, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.033472, "energy": 63.646049, "activity_lines": [ 23.650868, 23.535913, 23.297623, 23.039698 ] }, { "date": "2023-08-25", "close": 23.697702, "volume": 445000, "typical_volume": 275350.0, "trend": 22.775731, "fair_value": 20.961193, "relative_strength": -2.322464, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.56685, "energy": 61.697235, "activity_lines": [ 23.703946, 23.575934, 23.365533, 23.10273 ] }, { "date": "2023-09-01", "close": 23.744535, "volume": 343000, "typical_volume": 265500.0, "trend": 22.83526, "fair_value": 21.045689, "relative_strength": -3.014116, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.528609, "energy": 42.709806, "activity_lines": [ 23.747657, 23.619362, 23.431306, 23.165233 ] }, { "date": "2023-09-08", "close": 23.791368, "volume": 304000, "typical_volume": 275150.0, "trend": 22.891931, "fair_value": 21.130746, "relative_strength": -2.302087, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.386999, "energy": 42.324659, "activity_lines": [ 23.785124, 23.665344, 23.493877, 23.226918 ] }, { "date": "2023-09-15", "close": 23.229368, "volume": 646000, "typical_volume": 303850.0, "trend": 22.929869, "fair_value": 21.21142, "relative_strength": -6.369074, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.809946, "energy": 26.776348, "activity_lines": [ 23.607157, 23.602332, 23.493776, 23.248688 ] }, { "date": "2023-09-22", "close": 23.4167, "volume": 182000, "typical_volume": 299900.0, "trend": 22.975524, "fair_value": 21.293033, "relative_strength": -2.137929, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.197752, "energy": 17.257637, "activity_lines": [ 23.504123, 23.576786, 23.504834, 23.280096 ] }, { "date": "2023-09-29", "close": 23.4167, "volume": 268000, "typical_volume": 301250.0, "trend": 23.009397, "fair_value": 21.374126, "relative_strength": -1.982026, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.832141, "energy": 15.331468, "activity_lines": [ 23.451045, 23.55124, 23.509581, 23.308559 ] }, { "date": "2023-10-06", "close": 23.463533, "volume": 182000, "typical_volume": 301150.0, "trend": 23.034522, "fair_value": 21.457603, "relative_strength": -2.475843, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.669971, "energy": 14.972156, "activity_lines": [ 23.432311, 23.532507, 23.513107, 23.337858 ] }, { "date": "2023-10-13", "close": 23.510368, "volume": 146000, "typical_volume": 285850.0, "trend": 23.084773, "fair_value": 21.541119, "relative_strength": -3.504531, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.518126, "energy": 12.311615, "activity_lines": [ 23.447923, 23.521437, 23.517504, 23.368558 ] }, { "date": "2023-10-20", "close": 23.650869, "volume": 207000, "typical_volume": 272950.0, "trend": 23.139706, "fair_value": 21.624755, "relative_strength": -0.54341, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.613535, "energy": 11.000688, "activity_lines": [ 23.529101, 23.533359, 23.533784, 23.40508 ] }, { "date": "2023-10-27", "close": 23.510368, "volume": 107000, "typical_volume": 268150.0, "trend": 23.170811, "fair_value": 21.702802, "relative_strength": 1.108517, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.244325, "energy": 13.652453, "activity_lines": [ 23.535346, 23.515477, 23.534007, 23.428994 ] }, { "date": "2023-11-03", "close": 23.557201, "volume": 125000, "typical_volume": 263000.0, "trend": 23.212313, "fair_value": 21.781149, "relative_strength": -0.54874, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.902576, "energy": 14.660628, "activity_lines": [ 23.550957, 23.518031, 23.538468, 23.453922 ] }, { "date": "2023-11-10", "close": 23.4167, "volume": 373000, "typical_volume": 277000.0, "trend": 23.255022, "fair_value": 21.851044, "relative_strength": -1.794461, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.607509, "energy": 11.775984, "activity_lines": [ 23.510368, 23.497595, 23.528878, 23.467109 ] }, { "date": "2023-11-17", "close": 23.604034, "volume": 278000, "typical_volume": 285600.0, "trend": 23.312813, "fair_value": 21.925264, "relative_strength": -3.774189, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.677764, "energy": 12.8602, "activity_lines": [ 23.535345, 23.51718, 23.537129, 23.489625 ] }, { "date": "2023-11-24", "close": 24.634369, "volume": 775000, "typical_volume": 313600.0, "trend": 23.406421, "fair_value": 22.007652, "relative_strength": 0.094434, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 68.486659, "energy": 47.128992, "activity_lines": [ 23.897523, 23.727504, 23.642616, 23.574887 ] }, { "date": "2023-12-01", "close": 24.353371, "volume": 452000, "typical_volume": 324600.0, "trend": 23.481826, "fair_value": 22.084592, "relative_strength": -1.781297, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.246617, "energy": 60.533865, "activity_lines": [ 24.100469, 23.861193, 23.715543, 23.635981 ] }, { "date": "2023-12-08", "close": 24.447037, "volume": 452000, "typical_volume": 342300.0, "trend": 23.555934, "fair_value": 22.151976, "relative_strength": -1.010299, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.128308, "energy": 70.139641, "activity_lines": [ 24.278436, 23.994881, 23.792929, 23.698252 ] }, { "date": "2023-12-15", "close": 25.571037, "volume": 2183000, "typical_volume": 439900.0, "trend": 23.65131, "fair_value": 22.224221, "relative_strength": 1.852847, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.545718, "energy": 83.323987, "activity_lines": [ 24.771748, 24.314199, 23.972011, 23.828259 ] }, { "date": "2023-12-22", "close": 25.383703, "volume": 237000, "typical_volume": 439350.0, "trend": 23.72424, "fair_value": 22.295265, "relative_strength": 1.611757, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.216331, "energy": 81.719572, "activity_lines": [ 25.058992, 24.561139, 24.122993, 23.940026 ] }, { "date": "2023-12-29", "close": 25.805204, "volume": 266000, "typical_volume": 432950.0, "trend": 23.814785, "fair_value": 22.37422, "relative_strength": 1.472265, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.005358, "energy": 83.619731, "activity_lines": [ 25.368093, 24.850655, 24.304528, 24.074282 ] }, { "date": "2024-01-05", "close": 26.039371, "volume": 292000, "typical_volume": 413150.0, "trend": 23.900646, "fair_value": 22.455197, "relative_strength": 4.889778, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.391737, "energy": 92.534679, "activity_lines": [ 25.677193, 25.143576, 24.496991, 24.217804 ] }, { "date": "2024-01-12", "close": 25.33687, "volume": 511000, "typical_volume": 416450.0, "trend": 23.964652, "fair_value": 22.532191, "relative_strength": 2.217653, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.161367, "energy": 76.764342, "activity_lines": [ 25.639726, 25.262788, 24.613629, 24.310463 ] }, { "date": "2024-01-19", "close": 25.33687, "volume": 311000, "typical_volume": 414850.0, "trend": 24.028657, "fair_value": 22.605279, "relative_strength": 1.321283, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.343888, "energy": 49.469442, "activity_lines": [ 25.542937, 25.349643, 24.722461, 24.398994 ] }, { "date": "2024-01-26", "close": 25.477373, "volume": 174000, "typical_volume": 408350.0, "trend": 24.097346, "fair_value": 22.678747, "relative_strength": 0.190704, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.322329, "energy": 42.250467, "activity_lines": [ 25.508593, 25.427131, 24.837091, 24.492459 ] }, { "date": "2024-02-02", "close": 25.477373, "volume": 161000, "typical_volume": 384100.0, "trend": 24.166035, "fair_value": 22.749611, "relative_strength": -0.173887, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.782462, "energy": 30.683389, "activity_lines": [ 25.468005, 25.470559, 24.943693, 24.581493 ] }, { "date": "2024-02-09", "close": 25.383703, "volume": 31000, "typical_volume": 376550.0, "trend": 24.231602, "fair_value": 22.818311, "relative_strength": -0.71982, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.904554, "energy": 28.114738, "activity_lines": [ 25.418049, 25.481629, 25.030669, 24.660052 ] }, { "date": "2024-02-16", "close": 25.852037, "volume": 206000, "typical_volume": 373450.0, "trend": 24.315902, "fair_value": 22.892879, "relative_strength": -1.615276, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.347698, "energy": 35.178157, "activity_lines": [ 25.567915, 25.559116, 25.152882, 24.764597 ] }, { "date": "2024-02-23", "close": 25.477373, "volume": 259000, "typical_volume": 377300.0, "trend": 24.384591, "fair_value": 22.963482, "relative_strength": -4.392949, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.699905, "energy": 31.675486, "activity_lines": [ 25.558549, 25.542938, 25.227816, 24.83953 ] }, { "date": "2024-03-01", "close": 26.133039, "volume": 506000, "typical_volume": 395300.0, "trend": 24.476697, "fair_value": 23.035944, "relative_strength": -2.101041, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.731939, "energy": 38.964356, "activity_lines": [ 25.758372, 25.647675, 25.355604, 24.952333 ] }, { "date": "2024-03-08", "close": 24.915371, "volume": 579000, "typical_volume": 413900.0, "trend": 24.526653, "fair_value": 23.099038, "relative_strength": -10.4211, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.416722, "energy": 22.744623, "activity_lines": [ 25.508594, 25.517393, 25.354935, 24.980635 ] }, { "date": "2024-03-15", "close": 24.962204, "volume": 517000, "typical_volume": 434400.0, "trend": 24.553192, "fair_value": 23.161911, "relative_strength": -9.591423, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 29.367613, "energy": 14.372097, "activity_lines": [ 25.311894, 25.411805, 25.352705, 25.008735 ] }, { "date": "2024-03-22", "close": 25.805204, "volume": 381000, "typical_volume": 447200.0, "trend": 24.623442, "fair_value": 23.23149, "relative_strength": -8.927182, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.761555, "energy": 19.732559, "activity_lines": [ 25.424293, 25.479074, 25.423847, 25.08951 ] }, { "date": "2024-03-29", "close": 27.069706, "volume": 877000, "typical_volume": 472400.0, "trend": 24.734281, "fair_value": 23.308394, "relative_strength": -4.658787, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 68.739647, "energy": 36.614255, "activity_lines": [ 25.961316, 25.767738, 25.604713, 25.247333 ] }, { "date": "2024-04-05", "close": 27.163374, "volume": 586000, "typical_volume": 487800.0, "trend": 24.846681, "fair_value": 23.374961, "relative_strength": -4.435604, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.688064, "energy": 61.609348, "activity_lines": [ 26.423406, 26.041926, 25.777105, 25.404049 ] }, { "date": "2024-04-12", "close": 27.444374, "volume": 586000, "typical_volume": 478350.0, "trend": 24.987181, "fair_value": 23.430046, "relative_strength": -5.218458, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.457811, "energy": 75.793258, "activity_lines": [ 26.910473, 26.336551, 25.959309, 25.571642 ] }, { "date": "2024-04-19", "close": 27.491207, "volume": 1067000, "typical_volume": 509100.0, "trend": 25.122998, "fair_value": 23.487776, "relative_strength": 0.815215, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.643619, "energy": 79.029299, "activity_lines": [ 27.244551, 26.603927, 26.132593, 25.733192 ] }, { "date": "2024-04-26", "close": 28.427877, "volume": 1977000, "typical_volume": 585350.0, "trend": 25.290037, "fair_value": 23.537186, "relative_strength": 1.159048, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.088058, "energy": 83.261864, "activity_lines": [ 27.722253, 27.003289, 26.380141, 25.94641 ] }, { "date": "2024-05-03", "close": 30.910046, "volume": 1844000, "typical_volume": 568400.0, "trend": 25.538254, "fair_value": 23.570735, "relative_strength": 8.696973, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.712854, "energy": 94.257104, "activity_lines": [ 28.852499, 27.80712, 26.84513, 26.308991 ] }, { "date": "2024-05-10", "close": 28.89621, "volume": 4309000, "typical_volume": 772000.0, "trend": 25.717782, "fair_value": 23.589812, "relative_strength": -0.189694, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.782965, "energy": 65.526569, "activity_lines": [ 29.055444, 28.146024, 27.092901, 26.525634 ] }, { "date": "2024-05-17", "close": 29.130377, "volume": 1477000, "typical_volume": 832550.0, "trend": 25.900433, "fair_value": 23.609869, "relative_strength": -1.936851, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.145439, "energy": 54.729968, "activity_lines": [ 29.220922, 28.477264, 27.346247, 26.745801 ] }, { "date": "2024-05-24", "close": 27.959541, "volume": 578000, "typical_volume": 846850.0, "trend": 26.048739, "fair_value": 23.645339, "relative_strength": -7.078401, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.103602, "energy": 46.997975, "activity_lines": [ 28.883721, 28.518988, 27.472251, 26.878647 ] }, { "date": "2024-05-31", "close": 28.89621, "volume": 814000, "typical_volume": 862000.0, "trend": 26.226705, "fair_value": 23.670146, "relative_strength": -2.16821, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.783676, "energy": 37.223453, "activity_lines": [ 28.827521, 28.676519, 27.678318, 27.062355 ] }, { "date": "2024-06-07", "close": 30.245073, "volume": 912000, "typical_volume": 892050.0, "trend": 26.454318, "fair_value": 23.708287, "relative_strength": -0.798558, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.390973, "energy": 43.03598, "activity_lines": [ 29.189719, 29.023097, 27.995899, 27.321604 ] }, { "date": "2024-06-14", "close": 29.45821, "volume": 478000, "typical_volume": 907250.0, "trend": 26.649457, "fair_value": 23.74503, "relative_strength": -6.095517, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.315921, "energy": 37.374773, "activity_lines": [ 29.333962, 29.168875, 28.215168, 27.515404 ] }, { "date": "2024-06-21", "close": 29.507389, "volume": 617000, "typical_volume": 930050.0, "trend": 26.811891, "fair_value": 23.782088, "relative_strength": -8.851099, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.494846, "energy": 39.818481, "activity_lines": [ 29.457131, 29.281871, 28.420165, 27.699786 ] }, { "date": "2024-06-28", "close": 29.507389, "volume": 433000, "typical_volume": 950150.0, "trend": 26.983692, "fair_value": 23.822011, "relative_strength": -7.844578, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.879116, "energy": 40.070133, "activity_lines": [ 29.555166, 29.357357, 28.605971, 27.873689 ] }, { "date": "2024-07-05", "close": 29.802462, "volume": 338000, "typical_volume": 956750.0, "trend": 27.162206, "fair_value": 23.863565, "relative_strength": -8.818132, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.546814, "energy": 37.736238, "activity_lines": [ 29.648368, 29.449835, 28.800242, 28.055546 ] }, { "date": "2024-07-12", "close": 29.507389, "volume": 395000, "typical_volume": 963550.0, "trend": 27.293418, "fair_value": 23.895935, "relative_strength": -10.931598, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.182792, "energy": 32.963791, "activity_lines": [ 29.582797, 29.463672, 28.9476, 28.206848 ] }, { "date": "2024-07-19", "close": 29.409031, "volume": 523000, "typical_volume": 964400.0, "trend": 27.427595, "fair_value": 23.928717, "relative_strength": -7.054, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.67256, "energy": 30.399833, "activity_lines": [ 29.533618, 29.485127, 29.0664, 28.343339 ] }, { "date": "2024-07-26", "close": 29.261494, "volume": 290000, "typical_volume": 949950.0, "trend": 27.542805, "fair_value": 23.957891, "relative_strength": -4.342844, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.565722, "energy": 23.887941, "activity_lines": [ 29.438538, 29.470434, 29.155549, 28.461655 ] }, { "date": "2024-08-02", "close": 29.359852, "volume": 382000, "typical_volume": 943200.0, "trend": 27.653488, "fair_value": 23.978954, "relative_strength": -1.845468, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.829855, "energy": 21.170778, "activity_lines": [ 29.392638, 29.47124, 29.233369, 28.578884 ] }, { "date": "2024-08-09", "close": 29.704105, "volume": 764000, "typical_volume": 962350.0, "trend": 27.799062, "fair_value": 23.990304, "relative_strength": 0.125101, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.651171, "energy": 24.654403, "activity_lines": [ 29.471324, 29.509177, 29.323034, 28.711182 ] }, { "date": "2024-08-16", "close": 30.097538, "volume": 397000, "typical_volume": 938350.0, "trend": 27.957751, "fair_value": 24.021658, "relative_strength": -2.370219, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.364897, "energy": 32.385382, "activity_lines": [ 29.687712, 29.603959, 29.431603, 28.85947 ] }, { "date": "2024-08-23", "close": 30.097538, "volume": 314000, "typical_volume": 924750.0, "trend": 28.111757, "fair_value": 24.062548, "relative_strength": -1.418142, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.015552, "energy": 42.893514, "activity_lines": [ 29.864757, 29.701423, 29.525754, 28.997521 ] }, { "date": "2024-08-30", "close": 30.294252, "volume": 344000, "typical_volume": 912650.0, "trend": 28.272319, "fair_value": 24.103375, "relative_strength": -1.172982, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.741394, "energy": 52.021787, "activity_lines": [ 30.061473, 29.823029, 29.624667, 29.138327 ] }, { "date": "2024-09-06", "close": 30.392611, "volume": 480000, "typical_volume": 883300.0, "trend": 28.439283, "fair_value": 24.146157, "relative_strength": 3.025496, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.772098, "energy": 57.409313, "activity_lines": [ 30.222124, 29.948212, 29.719376, 29.27512 ] }, { "date": "2024-09-13", "close": 30.392611, "volume": 267000, "typical_volume": 797800.0, "trend": 28.590635, "fair_value": 24.18523, "relative_strength": 1.455356, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.321325, "energy": 56.751267, "activity_lines": [ 30.313925, 30.0573, 29.80027, 29.401142 ] }, { "date": "2024-09-20", "close": 30.490969, "volume": 242000, "typical_volume": 717700.0, "trend": 28.757755, "fair_value": 24.227053, "relative_strength": 0.026695, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.60562, "energy": 51.571168, "activity_lines": [ 30.392611, 30.173541, 29.881175, 29.523744 ] }, { "date": "2024-09-27", "close": 30.540148, "volume": 278000, "typical_volume": 516150.0, "trend": 28.904659, "fair_value": 24.270251, "relative_strength": -2.596396, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.597661, "energy": 44.491183, "activity_lines": [ 30.461462, 30.280841, 29.968759, 29.638737 ] }, { "date": "2024-10-04", "close": 30.540148, "volume": 43000, "typical_volume": 444450.0, "trend": 29.092151, "fair_value": 24.313448, "relative_strength": -0.253946, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.720293, "energy": 41.751963, "activity_lines": [ 30.500805, 30.367574, 30.048515, 29.744252 ] }, { "date": "2024-10-11", "close": 30.540148, "volume": 133000, "typical_volume": 422200.0, "trend": 29.278083, "fair_value": 24.358765, "relative_strength": -2.770808, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.776701, "energy": 40.693068, "activity_lines": [ 30.523755, 30.43106, 30.121558, 29.837671 ] }, { "date": "2024-10-18", "close": 30.490969, "volume": 115000, "typical_volume": 387250.0, "trend": 29.434275, "fair_value": 24.404296, "relative_strength": -5.161125, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.197757, "energy": 38.317669, "activity_lines": [ 30.520476, 30.464144, 30.177629, 29.915922 ] }, { "date": "2024-10-25", "close": 30.490969, "volume": 179000, "typical_volume": 350600.0, "trend": 29.548317, "fair_value": 24.450622, "relative_strength": -4.394126, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.784302, "energy": 35.443721, "activity_lines": [ 30.510641, 30.482922, 30.226105, 29.984096 ] }, { "date": "2024-11-01", "close": 30.44179, "volume": 99000, "typical_volume": 331650.0, "trend": 29.657598, "fair_value": 24.495838, "relative_strength": -2.041677, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.821097, "energy": 28.566267, "activity_lines": [ 30.484412, 30.485604, 30.268727, 30.041739 ] }, { "date": "2024-11-08", "close": 30.392611, "volume": 98000, "typical_volume": 305700.0, "trend": 29.755872, "fair_value": 24.537031, "relative_strength": -5.261605, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.006546, "energy": 29.082218, "activity_lines": [ 30.448347, 30.473086, 30.301981, 30.08916 ] }, { "date": "2024-11-15", "close": 29.310673, "volume": 142000, "typical_volume": 291150.0, "trend": 29.816521, "fair_value": 24.558044, "relative_strength": -5.264822, "stage": 2, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -2.105404, "energy": 12.25776, "activity_lines": [ 30.061472, 30.262063, 30.227978, 30.060437 ] }, { "date": "2024-11-22", "close": 27.294334, "volume": 416084, "typical_volume": 295054.2, "trend": 29.778736, "fair_value": 24.572488, "relative_strength": -12.114204, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -53.722942, "energy": 70.368618, "activity_lines": [ 29.08445, 29.704105, 29.96288, 29.897715 ] }, { "date": "2024-11-29", "close": 27.146799, "volume": 123000, "typical_volume": 281454.2, "trend": 29.653295, "fair_value": 24.589696, "relative_strength": -9.842722, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -64.346235, "energy": 85.915001, "activity_lines": [ 28.271357, 29.175655, 29.695675, 29.727913 ] }, { "date": "2024-12-06", "close": 27.294334, "volume": 70000, "typical_volume": 258804.2, "trend": 29.599899, "fair_value": 24.609703, "relative_strength": -12.705688, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -81.988272, "energy": 93.47672, "activity_lines": [ 27.730388, 28.734832, 29.453761, 29.575722 ] }, { "date": "2024-12-13", "close": 27.146799, "volume": 47000, "typical_volume": 246654.2, "trend": 29.53378, "fair_value": 24.633797, "relative_strength": -12.190691, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.95337, "energy": 91.445428, "activity_lines": [ 27.350071, 28.326199, 29.207866, 29.417457 ] }, { "date": "2024-12-20", "close": 26.999262, "volume": 60000, "typical_volume": 230554.2, "trend": 29.50177, "fair_value": 24.655886, "relative_strength": -10.376391, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.231195, "energy": 91.073666, "activity_lines": [ 27.136963, 27.952439, 28.95799, 29.25394 ] }, { "date": "2024-12-27", "close": 27.048439, "volume": 20000, "typical_volume": 193354.2, "trend": 29.440178, "fair_value": 24.673522, "relative_strength": -12.818727, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.499494, "energy": 89.078264, "activity_lines": [ 27.09434, 27.652, 28.724038, 29.095661 ] }, { "date": "2025-01-03", "close": 27.736946, "volume": 102000, "typical_volume": 178604.2, "trend": 29.356574, "fair_value": 24.695042, "relative_strength": -8.803302, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.614989, "energy": 64.45594, "activity_lines": [ 27.297614, 27.539336, 28.568305, 28.985775 ] }, { "date": "2025-01-10", "close": 29.015598, "volume": 330000, "typical_volume": 179404.2, "trend": 29.34182, "fair_value": 24.724759, "relative_strength": -4.77216, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.009213, "energy": 39.872648, "activity_lines": [ 27.887761, 27.709227, 28.545589, 28.963776 ] }, { "date": "2025-01-17", "close": 29.113958, "volume": 219000, "typical_volume": 173154.2, "trend": 29.328706, "fair_value": 24.759344, "relative_strength": -4.769274, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.489577, "energy": 25.835423, "activity_lines": [ 28.395944, 27.922932, 28.537392, 28.949076 ] }, { "date": "2025-01-24", "close": 29.45821, "volume": 47000, "typical_volume": 151504.2, "trend": 29.327066, "fair_value": 24.79799, "relative_strength": -4.962315, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -9.774666, "energy": 25.777128, "activity_lines": [ 28.887734, 28.222476, 28.567602, 28.957431 ] }, { "date": "2025-02-07", "close": 29.507389, "volume": 136100, "typical_volume": 144959.2, "trend": 29.31723, "fair_value": 24.833508, "relative_strength": -4.397743, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -5.050178, "energy": 27.28438, "activity_lines": [ 29.231987, 28.52828, 28.606945, 28.969064 ] }, { "date": "2025-02-14", "close": 29.556568, "volume": 331000, "typical_volume": 149409.2, "trend": 29.31887, "fair_value": 24.873315, "relative_strength": -2.711949, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 23.911212, "energy": 33.441456, "activity_lines": [ 29.428703, 28.802788, 28.655188, 28.984506 ] }, { "date": "2025-02-21", "close": 29.950001, "volume": 251358, "typical_volume": 148077.1, "trend": 29.336902, "fair_value": 24.913789, "relative_strength": -3.636923, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.296834, "energy": 38.357424, "activity_lines": [ 29.635255, 29.105016, 28.745349, 29.025224 ] }, { "date": "2025-02-28", "close": 29.753284, "volume": 244000, "typical_volume": 158127.1, "trend": 29.353295, "fair_value": 24.954061, "relative_strength": -1.374066, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.690191, "energy": 52.078846, "activity_lines": [ 29.713941, 29.323192, 28.819586, 29.052087 ] }, { "date": "2025-03-07", "close": 29.45821, "volume": 73117, "typical_volume": 155132.95, "trend": 29.356574, "fair_value": 24.993767, "relative_strength": -0.17818, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 25.8479, "energy": 50.021115, "activity_lines": [ 29.651648, 29.440327, 28.869468, 29.058856 ] }, { "date": "2025-03-14", "close": 29.409031, "volume": 128000, "typical_volume": 155782.95, "trend": 29.346738, "fair_value": 25.032098, "relative_strength": 2.293834, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 21.672136, "energy": 31.922161, "activity_lines": [ 29.572961, 29.503813, 28.919817, 29.06224 ] }, { "date": "2025-03-21", "close": 29.507389, "volume": 294000, "typical_volume": 161532.95, "trend": 29.327066, "fair_value": 25.072384, "relative_strength": 1.431997, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 8.589251, "energy": 16.80415, "activity_lines": [ 29.533618, 29.542262, 28.984687, 29.072605 ] }, { "date": "2025-03-28", "close": 29.409031, "volume": 132915, "typical_volume": 163228.7, "trend": 29.304116, "fair_value": 25.111244, "relative_strength": 3.800197, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 3.897582, "energy": 9.520231, "activity_lines": [ 29.464767, 29.530637, 29.044872, 29.077893 ] }, { "date": "2025-04-04", "close": 29.261494, "volume": 84000, "typical_volume": 162528.7, "trend": 29.269691, "fair_value": 25.153927, "relative_strength": 4.69539, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 8.931769, "energy": 8.11849, "activity_lines": [ 29.382802, 29.485035, 29.095925, 29.075143 ] }, { "date": "2025-04-11", "close": 29.212317, "volume": 139000, "typical_volume": 162378.7, "trend": 29.230348, "fair_value": 25.201327, "relative_strength": 13.722631, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.004985, "energy": 6.385296, "activity_lines": [ 29.317231, 29.427809, 29.14768, 29.071441 ] }, { "date": "2025-04-18", "close": 30.343431, "volume": 100000, "typical_volume": 146574.5, "trend": 29.228708, "fair_value": 25.259157, "relative_strength": 18.522928, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 38.101801, "energy": 23.61891, "activity_lines": [ 29.64509, 29.580711, 29.307629, 29.143253 ] }, { "date": "2025-04-25", "close": 30.146715, "volume": 90091, "typical_volume": 144929.05, "trend": 29.217233, "fair_value": 25.326321, "relative_strength": 14.741513, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 33.033212, "energy": 31.739223, "activity_lines": [ 29.845085, 29.682645, 29.434323, 29.202479 ] }, { "date": "2025-05-02", "close": 30.097538, "volume": 78000, "typical_volume": 145329.05, "trend": 29.202479, "fair_value": 25.39158, "relative_strength": 9.456862, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.09383, "energy": 52.903658, "activity_lines": [ 29.986065, 29.764908, 29.542049, 29.259273 ] }, { "date": "2025-05-09", "close": 30.097538, "volume": 80060, "typical_volume": 146982.05, "trend": 29.187726, "fair_value": 25.450218, "relative_strength": 8.918958, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.239669, "energy": 59.970032, "activity_lines": [ 30.081144, 29.844489, 29.636426, 29.317019 ] }, { "date": "2025-05-16", "close": 29.99918, "volume": 67028, "typical_volume": 147333.45, "trend": 29.169694, "fair_value": 25.507695, "relative_strength": 3.980922, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.947672, "energy": 50.858761, "activity_lines": [ 30.087702, 29.899927, 29.707384, 29.369371 ] }, { "date": "2025-05-23", "close": 29.99918, "volume": 83822, "typical_volume": 150524.55, "trend": 29.153301, "fair_value": 25.566231, "relative_strength": 4.877103, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.020255, "energy": 36.409025, "activity_lines": [ 30.041802, 29.94553, 29.764057, 29.422886 ] }, { "date": "2025-05-30", "close": 29.950001, "volume": 85000, "typical_volume": 149674.55, "trend": 29.135268, "fair_value": 25.614917, "relative_strength": 6.036488, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.804384, "energy": 30.823988, "activity_lines": [ 30.002459, 29.971461, 29.801995, 29.474286 ] }, { "date": "2025-06-06", "close": 29.90082, "volume": 96031, "typical_volume": 137976.1, "trend": 29.117236, "fair_value": 25.658255, "relative_strength": 4.30703, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.268767, "energy": 22.929, "activity_lines": [ 29.959836, 29.980402, 29.824711, 29.523677 ] }, { "date": "2025-06-13", "close": 30.4, "volume": 185401, "typical_volume": 136296.15, "trend": 29.117482, "fair_value": 25.703468, "relative_strength": 4.077291, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.662114, "energy": 32.491342, "activity_lines": [ 30.096722, 30.071162, 29.890752, 29.606436 ] }, { "date": "2025-06-20", "close": 30.35, "volume": 62706, "typical_volume": 137081.45, "trend": 29.152127, "fair_value": 25.748625, "relative_strength": 3.932094, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.800951, "energy": 32.880467, "activity_lines": [ 30.196776, 30.13213, 29.945908, 29.685953 ] }, { "date": "2025-06-27", "close": 30.0, "volume": 50049, "typical_volume": 132778.9, "trend": 29.242315, "fair_value": 25.791539, "relative_strength": 0.215633, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.304415, "energy": 28.804238, "activity_lines": [ 30.156776, 30.108778, 29.963484, 29.740654 ] }, { "date": "2025-07-04", "close": 29.950001, "volume": 70000, "typical_volume": 119728.9, "trend": 29.335755, "fair_value": 25.833867, "relative_strength": 0.124662, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.421264, "energy": 26.091601, "activity_lines": [ 30.100055, 30.082578, 29.973952, 29.786311 ] }, { "date": "2025-07-11", "close": 29.9, "volume": 75092, "typical_volume": 110915.6, "trend": 29.422611, "fair_value": 25.878524, "relative_strength": -1.00714, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 35.432152, "energy": 18.930084, "activity_lines": [ 30.026667, 30.050865, 29.977784, 29.822714 ] }, { "date": "2025-07-18", "close": 29.799999, "volume": 79343, "typical_volume": 102682.75, "trend": 29.511051, "fair_value": 25.92148, "relative_strength": -4.061816, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.255561, "energy": 15.615878, "activity_lines": [ 29.92, 30.00456, 29.972331, 29.847062 ] }, { "date": "2025-07-25", "close": 29.9, "volume": 129019, "typical_volume": 105477.85, "trend": 29.607742, "fair_value": 25.965607, "relative_strength": -3.653923, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.336182, "energy": 15.415223, "activity_lines": [ 29.886667, 29.981848, 29.976179, 29.872155 ] }, { "date": "2025-08-01", "close": 29.9, "volume": 103025, "typical_volume": 104229.1, "trend": 29.702794, "fair_value": 26.009999, "relative_strength": -3.87631, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.138931, "energy": 11.102707, "activity_lines": [ 29.883333, 29.960939, 29.977924, 29.891011 ] }, { "date": "2025-08-08", "close": 29.950001, "volume": 114100, "typical_volume": 95234.1, "trend": 29.776563, "fair_value": 26.056127, "relative_strength": -5.917951, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.701494, "energy": 9.334854, "activity_lines": [ 29.903334, 29.950924, 29.982092, 29.90696 ] }, { "date": "2025-08-15", "close": 29.950001, "volume": 197251, "typical_volume": 98450.9, "trend": 29.80771, "fair_value": 26.101972, "relative_strength": -6.922521, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.020326, "energy": 7.465521, "activity_lines": [ 29.923334, 29.940909, 29.984153, 29.918149 ] }, { "date": "2025-08-22", "close": 29.950001, "volume": 254564, "typical_volume": 106979.1, "trend": 29.835578, "fair_value": 26.14895, "relative_strength": -4.570069, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.328227, "energy": 11.285715, "activity_lines": [ 29.940001, 29.93, 29.983638, 29.927329 ] }, { "date": "2025-08-29", "close": 29.9, "volume": 196059, "typical_volume": 109832.05, "trend": 29.850304, "fair_value": 26.194758, "relative_strength": -6.402132, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.672602, "energy": 10.278819, "activity_lines": [ 29.930001, 29.918182, 29.975082, 29.931486 ] }, { "date": "2025-09-05", "close": 30.049999, "volume": 337227, "typical_volume": 121693.4, "trend": 29.868391, "fair_value": 26.241811, "relative_strength": -6.754978, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.834961, "energy": 13.579043, "activity_lines": [ 29.97, 29.941818, 29.977537, 29.944369 ] }, { "date": "2025-09-12", "close": 30.15, "volume": 141025, "typical_volume": 124240.1, "trend": 29.888172, "fair_value": 26.291487, "relative_strength": -9.734735, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.026746, "energy": 20.305947, "activity_lines": [ 30.033333, 29.982727, 29.990913, 29.962537 ] }, { "date": "2025-09-19", "close": 30.049999, "volume": 84201, "typical_volume": 124550.15, "trend": 29.891505, "fair_value": 26.341655, "relative_strength": -10.106372, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.379177, "energy": 22.987829, "activity_lines": [ 30.05, 30.001818, 29.99475, 29.972978 ] }, { "date": "2025-09-26", "close": 30.0, "volume": 117663, "typical_volume": 126430.3, "trend": 29.899729, "fair_value": 26.38952, "relative_strength": -9.993658, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.96665, "energy": 23.380909, "activity_lines": [ 30.043333, 30.009091, 29.994052, 29.979978 ] }, { "date": "2025-10-03", "close": 29.85, "volume": 59170, "typical_volume": 126037.4, "trend": 29.912789, "fair_value": 26.436424, "relative_strength": -14.11274, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.283179, "energy": 9.086296, "activity_lines": [ 29.983333, 29.985454, 29.979532, 29.976769 ] }, { "date": "2025-10-10", "close": 30.0, "volume": 46772, "typical_volume": 124184.9, "trend": 29.932488, "fair_value": 26.486272, "relative_strength": -15.050859, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.089256, "energy": 8.717959, "activity_lines": [ 29.976667, 29.99, 29.980008, 29.982396 ] }, { "date": "2025-10-17", "close": 29.950001, "volume": 141045, "typical_volume": 126987.15, "trend": 29.947242, "fair_value": 26.534383, "relative_strength": -14.894519, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.579391, "energy": 9.057837, "activity_lines": [ 29.956667, 29.983636, 29.975718, 29.983526 ] }, { "date": "2025-10-24", "close": 30.0, "volume": 69916, "typical_volume": 125681.4, "trend": 29.966941, "fair_value": 26.582248, "relative_strength": -15.200382, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.562436, "energy": 3.462847, "activity_lines": [ 29.966667, 29.986364, 29.976191, 29.986929 ] }, { "date": "2025-10-31", "close": 30.0, "volume": 131081, "typical_volume": 122965.4, "trend": 29.991557, "fair_value": 26.632378, "relative_strength": -17.003867, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -24.613964, "energy": 9.865805, "activity_lines": [ 29.98, 29.988182, 29.976191, 29.989062 ] }, { "date": "2025-11-07", "close": 30.0, "volume": 214343, "typical_volume": 130547.25, "trend": 30.017813, "fair_value": 26.681093, "relative_strength": -14.935946, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -14.133694, "energy": 6.204829, "activity_lines": [ 29.993333, 29.989091, 29.978095, 29.989607 ] }, { "date": "2025-11-14", "close": 29.950001, "volume": 266177, "typical_volume": 141353.65, "trend": 30.004699, "fair_value": 26.73147, "relative_strength": -14.035112, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -17.27119, "energy": 6.812569, "activity_lines": [ 29.98, 29.979091, 29.976905, 29.985232 ] }, { "date": "2025-11-21", "close": 29.9, "volume": 126595, "typical_volume": 144183.4, "trend": 29.996475, "fair_value": 26.781809, "relative_strength": -10.841016, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -41.90055, "energy": 17.450613, "activity_lines": [ 29.953334, 29.961818, 29.971191, 29.978477 ] }, { "date": "2025-11-28", "close": 29.950001, "volume": 161077, "typical_volume": 148482.65, "trend": 29.991557, "fair_value": 26.832753, "relative_strength": -14.404243, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -36.914951, "energy": 18.201653, "activity_lines": [ 29.946667, 29.958182, 29.970476, 29.975479 ] }, { "date": "2025-12-05", "close": 29.950001, "volume": 169629, "typical_volume": 152996.95, "trend": 29.98664, "fair_value": 26.883696, "relative_strength": -15.296753, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -38.737439, "energy": 19.698461, "activity_lines": [ 29.943334, 29.956364, 29.969524, 29.972798 ] }, { "date": "2025-12-12", "close": 30.4, "volume": 184524, "typical_volume": 155772.2, "trend": 30.0, "fair_value": 26.937524, "relative_strength": -14.557736, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 35.387928, "energy": 31.448497, "activity_lines": [ 30.093334, 30.037273, 30.010715, 29.999466 ] }, { "date": "2025-12-19", "close": 30.4, "volume": 108492, "typical_volume": 156045.55, "trend": 30.013361, "fair_value": 26.995316, "relative_strength": -12.901743, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 64.115495, "energy": 58.736948, "activity_lines": [ 30.216667, 30.108182, 30.049524, 30.025273 ] }, { "date": "2025-12-26", "close": 30.299999, "volume": 36401, "typical_volume": 152160.6, "trend": 30.025027, "fair_value": 27.051052, "relative_strength": -15.623558, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.440534, "energy": 60.534587, "activity_lines": [ 30.276667, 30.153636, 30.076429, 30.043765 ] }, { "date": "2026-01-02", "close": 30.35, "volume": 81000, "typical_volume": 146348.05, "trend": 30.04, "fair_value": 27.107392, "relative_strength": -17.608831, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.452539, "energy": 60.17494, "activity_lines": [ 30.326666, 30.201818, 30.106429, 30.064731 ] }, { "date": "2026-01-09", "close": 30.299999, "volume": 421800, "typical_volume": 154709.85, "trend": 30.036667, "fair_value": 27.161145, "relative_strength": -20.037204, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.73812, "energy": 46.680979, "activity_lines": [ 30.333333, 30.234545, 30.129762, 30.081505 ] }, { "date": "2026-01-16", "close": 30.200001, "volume": 376894, "typical_volume": 163751.6, "trend": 30.031667, "fair_value": 27.213407, "relative_strength": -22.787078, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.428139, "energy": 28.184373, "activity_lines": [ 30.283333, 30.243636, 30.141905, 30.092043 ] }, { "date": "2026-01-23", "close": 30.200001, "volume": 505794, "typical_volume": 172179.95, "trend": 30.038334, "fair_value": 27.265387, "relative_strength": -23.754207, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 37.658023, "energy": 19.822482, "activity_lines": [ 30.246667, 30.249091, 30.152619, 30.102903 ] }, { "date": "2026-01-30", "close": 30.450001, "volume": 337663, "typical_volume": 182011.85, "trend": 30.055, "fair_value": 27.319252, "relative_strength": -23.006728, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.836027, "energy": 26.352649, "activity_lines": [ 30.306667, 30.295455, 30.186429, 30.129463 ] }, { "date": "2026-02-06", "close": 30.5, "volume": 68000, "typical_volume": 181201.8, "trend": 30.075, "fair_value": 27.374004, "relative_strength": -21.83675, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.529976, "energy": 28.955935, "activity_lines": [ 30.373334, 30.340909, 30.223572, 30.158172 ] }, { "date": "2026-02-13", "close": 30.5, "volume": 132403, "typical_volume": 181938.8, "trend": 30.098334, "fair_value": 27.427906, "relative_strength": -25.646594, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.332165, "energy": 35.409722, "activity_lines": [ 30.43, 30.376364, 30.258572, 30.185592 ] }, { "date": "2026-02-27", "close": 30.549999, "volume": 106000, "typical_volume": 184280.3, "trend": 30.12, "fair_value": 27.482129, "relative_strength": -28.880914, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.532819, "energy": 45.558253, "activity_lines": [ 30.49, 30.410909, 30.295953, 30.214731 ] }, { "date": "2026-03-06", "close": 30.5, "volume": 119520, "typical_volume": 187917.7, "trend": 30.14, "fair_value": 27.536315, "relative_strength": -24.704874, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.472803, "energy": 40.19963, "activity_lines": [ 30.51, 30.433636, 30.325238, 30.239247 ] }, { "date": "2026-03-13", "close": 30.6, "volume": 145000, "typical_volume": 188115.45, "trend": 30.161667, "fair_value": 27.588876, "relative_strength": -23.533334, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.995999, "energy": 36.222529, "activity_lines": [ 30.543333, 30.472727, 30.361667, 30.268925 ] }, { "date": "2026-03-20", "close": 29.5, "volume": 224000, "typical_volume": 195819.65, "trend": 30.146667, "fair_value": 27.632403, "relative_strength": -26.052507, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 6.471373, "energy": 6.977559, "activity_lines": [ 30.2, 30.306364, 30.290238, 30.226237 ] }, { "date": "2026-03-27", "close": 29.35, "volume": 159373, "typical_volume": 197234.25, "trend": 30.126667, "fair_value": 27.6795, "relative_strength": -24.933435, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -29.063264, "energy": 27.664734, "activity_lines": [ 29.873333, 30.128182, 30.206905, 30.174839 ] }, { "date": "2026-04-03", "close": 29.4, "volume": 69000, "typical_volume": 189967.1, "trend": 30.11, "fair_value": 27.726917, "relative_strength": -22.983159, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.123925, "energy": 40.213648, "activity_lines": [ 29.64, 29.976364, 30.131429, 30.127957 ] }, { "date": "2026-04-10", "close": 30.6, "volume": 45000, "typical_volume": 178908.25, "trend": 30.128333, "fair_value": 27.778345, "relative_strength": -25.65749, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 1.308138, "energy": 18.797791, "activity_lines": [ 29.883333, 30.057273, 30.173095, 30.15957 ] }, { "date": "2026-04-17", "close": 30.5, "volume": 102217, "typical_volume": 177689.35, "trend": 30.14, "fair_value": 27.830832, "relative_strength": -27.895943, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.072076, "energy": 9.499035, "activity_lines": [ 30.086667, 30.112727, 30.202143, 30.183548 ] }, { "date": "2026-04-24", "close": 30.5, "volume": 187000, "typical_volume": 178985.5, "trend": 30.155, "fair_value": 27.884451, "relative_strength": -30.934534, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 38.298399, "energy": 21.522198, "activity_lines": [ 30.296667, 30.167273, 30.228333, 30.206774 ] }, { "date": "2026-05-01", "close": 30.4, "volume": 124530, "typical_volume": 176730.55, "trend": 30.168333, "fair_value": 27.939128, "relative_strength": -30.280777, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 36.732704, "energy": 28.861914, "activity_lines": [ 30.406667, 30.203636, 30.242381, 30.222581 ] }, { "date": "2026-05-08", "close": 30.35, "volume": 561100, "typical_volume": 195559.35, "trend": 30.185, "fair_value": 27.993768, "relative_strength": -34.061454, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 37.215312, "energy": 26.129533, "activity_lines": [ 30.43, 30.232727, 30.249524, 30.234301 ] }, { "date": "2026-05-15", "close": 30.25, "volume": 1110181, "typical_volume": 245643.8, "trend": 30.193333, "fair_value": 28.046068, "relative_strength": -32.766674, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 35.622879, "energy": 20.204084, "activity_lines": [ 30.356667, 30.247273, 30.247381, 30.238495 ] }, { "date": "2026-05-22", "close": 30.4, "volume": 423413, "typical_volume": 264994.4, "trend": 30.208333, "fair_value": 28.09848, "relative_strength": -33.4182, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 43.926148, "energy": 18.892279, "activity_lines": [ 30.356667, 30.293636, 30.260238, 30.251828 ] }, { "date": "2026-05-29", "close": 30.5, "volume": 414896, "typical_volume": 281689.2, "trend": 30.225, "fair_value": 28.148417, "relative_strength": -36.079424, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 46.250714, "energy": 19.667942, "activity_lines": [ 30.396667, 30.361818, 30.282143, 30.270645 ] }, { "date": "2026-06-05", "close": 30.450001, "volume": 235459, "typical_volume": 272372.15, "trend": 30.24, "fair_value": 28.194919, "relative_strength": -35.821152, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 44.498858, "energy": 19.297648, "activity_lines": [ 30.42, 30.402727, 30.298572, 30.285161 ] }, { "date": "2026-06-12", "close": 30.4, "volume": 46000, "typical_volume": 255827.45, "trend": 30.253333, "fair_value": 28.241785, "relative_strength": -33.780893, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 44.006703, "energy": 19.91571, "activity_lines": [ 30.423334, 30.414546, 30.309524, 30.295484 ] }, { "date": "2026-06-19", "close": 30.450001, "volume": 74000, "typical_volume": 234237.75, "trend": 30.27, "fair_value": 28.28657, "relative_strength": -36.096119, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 46.054453, "energy": 23.450169, "activity_lines": [ 30.440001, 30.417273, 30.324286, 30.308172 ] }, { "date": "2026-06-26", "close": 30.4, "volume": 130000, "typical_volume": 223854.6, "trend": 30.286667, "fair_value": 28.331335, "relative_strength": -32.613027, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 44.676511, "energy": 19.132192, "activity_lines": [ 30.426667, 30.413637, 30.333095, 30.316559 ] }, { "date": "2026-07-03", "close": 30.4, "volume": 292625, "typical_volume": 235085.85, "trend": 30.301667, "fair_value": 28.376099, "relative_strength": -34.956016, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 42.737433, "energy": 17.213518, "activity_lines": [ 30.413334, 30.411818, 30.342143, 30.323871 ] }, { "date": "2026-07-10", "close": 30.4, "volume": 206053, "typical_volume": 238768.35, "trend": 30.316667, "fair_value": 28.420864, "relative_strength": -32.050282, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 32.319072, "energy": 13.446823, "activity_lines": [ 30.406667, 30.411818, 30.351667, 30.330215 ] }, { "date": "2026-07-17", "close": 30.4, "volume": 105059, "typical_volume": 238721.3, "trend": 30.316667, "fair_value": 28.465629, "relative_strength": -26.919929, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 30.48995, "energy": 12.26469, "activity_lines": [ 30.403333, 30.411818, 30.361667, 30.335592 ] }, { "date": "2026-07-24", "close": 30.25, "volume": 260400, "typical_volume": 245765.3, "trend": 30.311667, "fair_value": 28.509432, "relative_strength": -28.09411, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 23.471136, "energy": 10.109931, "activity_lines": [ 30.35, 30.383637, 30.358095, 30.33129 ] }, { "date": "2026-07-31", "close": 30.4, "volume": 186959, "typical_volume": 247863.25, "trend": 30.315, "fair_value": 28.554797, "relative_strength": -25.992035, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 28.174087, "energy": 11.285259, "activity_lines": [ 30.36, 30.382727, 30.37, 30.336989 ] }, { "date": "2026-08-07", "close": 30.35, "volume": 106638, "typical_volume": 241995.15, "trend": 30.315, "fair_value": 28.599241, "relative_strength": -27.093933, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 17.778269, "energy": 7.561075, "activity_lines": [ 30.353333, 30.372727, 30.378095, 30.339247 ] }, { "date": "2026-08-14", "close": 30.35, "volume": 89283, "typical_volume": 238490.65, "trend": 30.316667, "fair_value": 28.643986, "relative_strength": -28.76618, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 17.395229, "energy": 7.710052, "activity_lines": [ 30.35, 30.365455, 30.382143, 30.341505 ] } ], "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." } } }