{ "ticker": { "uuid": "3189c427-38b9-42e5-8af4-562f914088e6", "symbol": "002041", "name": "ShanDongDenghai Seeds Co.,Ltd", "exchange": "SHZ", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "399001.SZ", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -41.617, "architecture_energy": 28.811, "architecture_maturity": 77.173, "architecture_confidence": 76.7, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 27.95, "rotation_up": 27.67, "upward_expansion": 21.82, "deceleration": 46.87, "rotation_down": 29.96, "downward_expansion": 60.48 }, "activity_lines": [ 8.626667, 8.479091, 8.753619, 9.180903 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 8.91, "trend_reference": 9.655, "distance_from_trend": -0.077162, "trend_direction": "Weakening", "fair_value": 10.476051, "distance_from_fair_value": -0.149489, "fair_value_direction": "Weakening", "relative_strength": -10.640715, "relative_strength_direction": "Improving", "price_momentum": -0.210806, "excess_performance": -0.218206, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.077162, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.036203, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.149489, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.063925, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.106407, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.071025, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.210806, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.996169, "read": "Supply-led" } ], "volume": { "latest": 108079518, "relative_activity": 1.850239, "balance": 0.996169, "dry_up": 1.396598, "accumulation_observations": 3, "distribution_observations": 4 }, "risk": { "range_context": 0.063023, "annualized_volatility": 0.308314, "from_high_reference": -0.292857, "from_low_reference": 0.125 }, "levels": { "trend_reference": 9.655, "fair_value_reference": 10.476051, "structural_low": 7.92, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 32, "median_return": -0.014991, "positive_rate": 0.375, "directional_follow_through": 0.625, "median_excess_return": -0.02768, "regime_survival": 0.875, "best_return": 0.124844, "worst_return": -0.227597, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.032061, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.070303, "regime_survival": 0.6, "best_return": 0.154122, "worst_return": -0.228269, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.050239, "positive_rate": 0.2, "directional_follow_through": 0.8, "median_excess_return": -0.153436, "regime_survival": 0.4, "best_return": 0.0409, "worst_return": -0.283006, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.177914, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.1242, "regime_survival": 1.0, "best_return": 0.201636, "worst_return": -0.473735, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2022-11-18", "end": "2023-03-17", "tenure": "Established", "return": -0.0372, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-03-24", "end": "2024-09-27", "tenure": "Extended", "return": -0.53564, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-04", "end": "2024-11-15", "tenure": "Developing", "return": 0.054865, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-22", "end": "2025-03-14", "tenure": "Established", "return": 0.112487, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-21", "end": "2025-05-23", "tenure": "Developing", "return": -0.055823, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-30", "end": "2025-08-15", "tenure": "Developing", "return": 0.005071, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-22", "end": "2025-09-12", "tenure": "New", "return": -0.041833, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-09-19", "end": "2025-11-21", "tenure": "Developing", "return": 0.025586, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-28", "end": "2026-01-23", "tenure": "Developing", "return": 0.032359, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-30", "end": "2026-02-06", "tenure": "New", "return": -0.036315, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-13", "end": "2026-04-17", "tenure": "Developing", "return": 0.007805, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-05-22", "tenure": "Developing", "return": -0.105477, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-05-29", "end": "2026-06-12", "tenure": "New", "return": 0.001151, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-19", "end": "2026-08-07", "tenure": "Developing", "return": 0.039673, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 15.971434, "volume": 24409177, "typical_volume": 20985402.15, "trend": 17.710612, "fair_value": 19.444163, "relative_strength": -12.910366, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.947617, "energy": 27.752963, "activity_lines": [ 16.040299, 15.775132, 16.00317, 16.721326 ] }, { "date": "2023-08-04", "close": 16.170084, "volume": 26095904, "typical_volume": 21186366.9, "trend": 17.593408, "fair_value": 19.464215, "relative_strength": -12.784745, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.219568, "energy": 25.415187, "activity_lines": [ 16.131016, 15.874276, 15.963393, 16.621937 ] }, { "date": "2023-08-11", "close": 15.643661, "volume": 28269929, "typical_volume": 21649784.65, "trend": 17.457002, "fair_value": 19.469729, "relative_strength": -12.072461, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.315072, "energy": 23.437439, "activity_lines": [ 15.97938, 15.86326, 15.889514, 16.496147 ] }, { "date": "2023-08-18", "close": 15.335754, "volume": 12289527, "typical_volume": 21298750.35, "trend": 17.313974, "fair_value": 19.469781, "relative_strength": -10.728322, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.788384, "energy": 39.573614, "activity_lines": [ 15.739013, 15.794996, 15.802203, 16.359292 ] }, { "date": "2023-08-25", "close": 15.305958, "volume": 18815508, "typical_volume": 21445144.9, "trend": 17.150088, "fair_value": 19.460254, "relative_strength": -7.879641, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.412477, "energy": 43.77182, "activity_lines": [ 15.541026, 15.719329, 15.727473, 16.229742 ] }, { "date": "2023-09-01", "close": 15.057646, "volume": 20634943, "typical_volume": 21675128.9, "trend": 16.964351, "fair_value": 19.428457, "relative_strength": -12.024726, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.96326, "energy": 49.502034, "activity_lines": [ 15.331782, 15.602668, 15.642621, 16.094746 ] }, { "date": "2023-09-08", "close": 14.362371, "volume": 18596410, "typical_volume": 21495340.95, "trend": 16.752127, "fair_value": 19.382054, "relative_strength": -14.126272, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.137252, "energy": 72.697072, "activity_lines": [ 14.951699, 15.359412, 15.5056, 15.926876 ] }, { "date": "2023-09-15", "close": 14.461697, "volume": 13581084, "typical_volume": 21192782.1, "trend": 16.57566, "fair_value": 19.344724, "relative_strength": -11.920808, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.001143, "energy": 73.415114, "activity_lines": [ 14.725238, 15.148844, 15.390856, 15.779107 ] }, { "date": "2023-09-22", "close": 14.143857, "volume": 19997313, "typical_volume": 21532256.15, "trend": 16.388929, "fair_value": 19.320136, "relative_strength": -13.800216, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.834435, "energy": 76.31054, "activity_lines": [ 14.471629, 14.905769, 15.256721, 15.622216 ] }, { "date": "2023-09-29", "close": 14.133924, "volume": 10690075, "typical_volume": 21198368.0, "trend": 16.199219, "fair_value": 19.291425, "relative_strength": -12.928539, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.742912, "energy": 76.537376, "activity_lines": [ 14.294168, 14.696825, 15.1337, 15.476732 ] }, { "date": "2023-10-13", "close": 13.686963, "volume": 15265638, "typical_volume": 20835723.9, "trend": 16.001894, "fair_value": 19.263527, "relative_strength": -14.859345, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.693035, "energy": 79.830027, "activity_lines": [ 14.045856, 14.44743, 14.977429, 15.314651 ] }, { "date": "2023-10-20", "close": 15.246364, "volume": 79565253, "typical_volume": 23902343.0, "trend": 15.858866, "fair_value": 19.251017, "relative_strength": -0.024708, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.704943, "energy": 45.407211, "activity_lines": [ 14.408724, 14.523097, 14.979226, 15.265907 ] }, { "date": "2023-10-27", "close": 14.998052, "volume": 43673143, "typical_volume": 25167894.15, "trend": 15.726102, "fair_value": 19.239517, "relative_strength": -3.352919, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.028279, "energy": 30.402996, "activity_lines": [ 14.629887, 14.570412, 14.95799, 15.210371 ] }, { "date": "2023-11-03", "close": 14.928523, "volume": 27081757, "typical_volume": 25682487.3, "trend": 15.604594, "fair_value": 19.222369, "relative_strength": -4.249427, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.144444, "energy": 19.905552, "activity_lines": [ 14.792118, 14.616824, 14.932875, 15.158914 ] }, { "date": "2023-11-10", "close": 14.7994, "volume": 22766955, "typical_volume": 25693238.5, "trend": 15.493019, "fair_value": 19.19989, "relative_strength": -5.812133, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.730265, "energy": 22.426382, "activity_lines": [ 14.858996, 14.647163, 14.896881, 15.106966 ] }, { "date": "2023-11-17", "close": 14.918591, "volume": 25404966, "typical_volume": 26428965.1, "trend": 15.390053, "fair_value": 19.177921, "relative_strength": -4.608141, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.011032, "energy": 18.110768, "activity_lines": [ 14.921239, 14.708383, 14.875739, 15.069906 ] }, { "date": "2023-11-24", "close": 15.355619, "volume": 29118894, "typical_volume": 26798316.05, "trend": 15.333437, "fair_value": 19.167761, "relative_strength": 0.007068, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.968284, "energy": 12.404801, "activity_lines": [ 15.04705, 14.851592, 14.896834, 15.067685 ] }, { "date": "2023-12-01", "close": 15.901907, "volume": 73119298, "typical_volume": 28919861.65, "trend": 15.305295, "fair_value": 19.160468, "relative_strength": 5.064045, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 24.614309, "energy": 20.897504, "activity_lines": [ 15.347674, 15.076066, 14.969057, 15.10436 ] }, { "date": "2023-12-08", "close": 14.213385, "volume": 77443736, "typical_volume": 31087749.25, "trend": 15.223187, "fair_value": 19.148758, "relative_strength": -4.041881, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.147834, "energy": 15.275272, "activity_lines": [ 15.025199, 14.96735, 14.880233, 15.033914 ] }, { "date": "2023-12-15", "close": 13.786287, "volume": 26785120, "typical_volume": 30680231.5, "trend": 15.146376, "fair_value": 19.12968, "relative_strength": -4.748538, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.983605, "energy": 25.207111, "activity_lines": [ 14.608035, 14.779717, 14.759813, 14.941211 ] }, { "date": "2023-12-22", "close": 12.862566, "volume": 29186708, "typical_volume": 30919108.05, "trend": 15.052017, "fair_value": 19.103412, "relative_strength": -9.046712, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.815944, "energy": 66.695574, "activity_lines": [ 13.950504, 14.430454, 14.563765, 14.793869 ] }, { "date": "2023-12-29", "close": 13.140676, "volume": 31206654, "typical_volume": 31174645.55, "trend": 14.977523, "fair_value": 19.074423, "relative_strength": -9.466722, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.858118, "energy": 74.665084, "activity_lines": [ 13.522745, 14.146746, 14.409007, 14.670556 ] }, { "date": "2024-01-05", "close": 12.524861, "volume": 20121109, "typical_volume": 30767204.55, "trend": 14.875881, "fair_value": 19.033875, "relative_strength": -9.364281, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.987182, "energy": 81.939808, "activity_lines": [ 13.037378, 13.789357, 14.210026, 14.51232 ] }, { "date": "2024-01-12", "close": 12.286482, "volume": 28812642, "typical_volume": 31593360.3, "trend": 14.77788, "fair_value": 18.991228, "relative_strength": -9.417366, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.234485, "energy": 84.220213, "activity_lines": [ 12.697687, 13.433594, 14.003194, 14.345262 ] }, { "date": "2024-01-19", "close": 11.27337, "volume": 28816280, "typical_volume": 32093398.9, "trend": 14.635846, "fair_value": 18.924706, "relative_strength": -14.41274, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.048238, "energy": 92.791896, "activity_lines": [ 12.148752, 12.941665, 13.714395, 14.119165 ] }, { "date": "2024-01-26", "close": 11.154179, "volume": 46966160, "typical_volume": 33409959.75, "trend": 14.506061, "fair_value": 18.85463, "relative_strength": -14.620475, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.162737, "energy": 92.381059, "activity_lines": [ 11.727615, 12.492175, 13.433448, 13.894541 ] }, { "date": "2024-02-02", "close": 9.674239, "volume": 55006117, "typical_volume": 35230445.1, "trend": 14.322973, "fair_value": 18.764981, "relative_strength": -18.944542, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.466254, "energy": 95.99406, "activity_lines": [ 10.927056, 11.842049, 13.030142, 13.58281 ] }, { "date": "2024-02-09", "close": 10.299985, "volume": 73646012, "typical_volume": 38233691.5, "trend": 14.137897, "fair_value": 18.704208, "relative_strength": -20.624468, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.12258, "energy": 89.11919, "activity_lines": [ 10.566176, 11.408992, 12.708755, 13.323263 ] }, { "date": "2024-02-23", "close": 10.746946, "volume": 49169618, "typical_volume": 39692306.75, "trend": 13.958782, "fair_value": 18.65036, "relative_strength": -18.873377, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.54654, "energy": 77.951134, "activity_lines": [ 10.502608, 11.159055, 12.449753, 13.104492 ] }, { "date": "2024-03-01", "close": 11.134315, "volume": 108924463, "typical_volume": 44604026.15, "trend": 13.78397, "fair_value": 18.60426, "relative_strength": -18.661804, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.28906, "energy": 62.957839, "activity_lines": [ 10.670798, 11.042574, 12.24382, 12.922268 ] }, { "date": "2024-03-08", "close": 10.488703, "volume": 65376960, "typical_volume": 47109592.25, "trend": 13.601212, "fair_value": 18.563663, "relative_strength": -22.268335, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.993661, "energy": 59.45146, "activity_lines": [ 10.633055, 10.856927, 11.990683, 12.70967 ] }, { "date": "2024-03-15", "close": 10.737015, "volume": 65971549, "typical_volume": 46429907.05, "trend": 13.42011, "fair_value": 18.516222, "relative_strength": -21.865529, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.604474, "energy": 52.728035, "activity_lines": [ 10.722447, 10.759589, 11.776426, 12.524883 ] }, { "date": "2024-03-22", "close": 10.498634, "volume": 72081736, "typical_volume": 47850336.7, "trend": 13.248609, "fair_value": 18.459704, "relative_strength": -22.581855, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.864724, "energy": 51.530157, "activity_lines": [ 10.661528, 10.662611, 11.560938, 12.336401 ] }, { "date": "2024-03-29", "close": 9.843091, "volume": 38731157, "typical_volume": 48432806.7, "trend": 13.06552, "fair_value": 18.40114, "relative_strength": -25.451191, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.972552, "energy": 59.187005, "activity_lines": [ 10.36885, 10.483285, 11.304443, 12.11669 ] }, { "date": "2024-04-05", "close": 10.141067, "volume": 27734352, "typical_volume": 48681176.55, "trend": 12.893357, "fair_value": 18.342457, "relative_strength": -23.75852, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.149758, "energy": 56.283938, "activity_lines": [ 10.235756, 10.402561, 11.100544, 11.928016 ] }, { "date": "2024-04-12", "close": 9.594779, "volume": 47322887, "typical_volume": 49777072.6, "trend": 12.711262, "fair_value": 18.295622, "relative_strength": -24.826726, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.025633, "energy": 64.563978, "activity_lines": [ 9.986781, 10.243099, 10.866799, 11.715204 ] }, { "date": "2024-04-19", "close": 9.23721, "volume": 49733762, "typical_volume": 50807816.0, "trend": 12.540423, "fair_value": 18.249159, "relative_strength": -27.502735, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.761618, "energy": 75.279749, "activity_lines": [ 9.678212, 10.046978, 10.624352, 11.491072 ] }, { "date": "2024-04-26", "close": 9.694105, "volume": 43377291, "typical_volume": 49320715.65, "trend": 12.381503, "fair_value": 18.202834, "relative_strength": -24.871764, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.099063, "energy": 65.696235, "activity_lines": [ 9.621928, 9.941875, 10.454554, 11.307438 ] }, { "date": "2024-05-03", "close": 9.674239, "volume": 19152888, "typical_volume": 46406173.25, "trend": 12.232516, "fair_value": 18.159426, "relative_strength": -25.484465, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.602968, "energy": 60.228214, "activity_lines": [ 9.612658, 9.844175, 10.312425, 11.132776 ] }, { "date": "2024-05-10", "close": 10.160931, "volume": 52883499, "typical_volume": 47711092.2, "trend": 12.100083, "fair_value": 18.12269, "relative_strength": -22.418056, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.573198, "energy": 52.927027, "activity_lines": [ 9.776875, 9.854469, 10.238262, 10.999126 ] }, { "date": "2024-05-17", "close": 9.942417, "volume": 39612713, "typical_volume": 48232392.45, "trend": 11.975265, "fair_value": 18.087599, "relative_strength": -23.40418, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.676322, "energy": 42.943582, "activity_lines": [ 9.86693, 9.84273, 10.160553, 10.859921 ] }, { "date": "2024-05-24", "close": 9.614644, "volume": 36886002, "typical_volume": 48516359.85, "trend": 11.787541, "fair_value": 18.04901, "relative_strength": -23.202543, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.71305, "energy": 41.999355, "activity_lines": [ 9.824551, 9.78133, 10.065532, 10.707623 ] }, { "date": "2024-05-31", "close": 9.292588, "volume": 24837400, "typical_volume": 48752174.4, "trend": 11.597358, "fair_value": 18.011719, "relative_strength": -24.838004, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.07718, "energy": 50.199254, "activity_lines": [ 9.649658, 9.68178, 9.95663, 10.546659 ] }, { "date": "2024-06-07", "close": 8.953588, "volume": 37263475, "typical_volume": 49174716.05, "trend": 11.398194, "fair_value": 17.967054, "relative_strength": -26.254687, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.843646, "energy": 59.312567, "activity_lines": [ 9.388533, 9.542522, 9.830834, 10.376093 ] }, { "date": "2024-06-14", "close": 8.794059, "volume": 21236125, "typical_volume": 48795708.3, "trend": 11.198016, "fair_value": 17.91997, "relative_strength": -27.043794, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.672598, "energy": 77.867282, "activity_lines": [ 9.122274, 9.390431, 9.705715, 10.208084 ] }, { "date": "2024-06-21", "close": 8.325441, "volume": 20935182, "typical_volume": 47494159.4, "trend": 10.978244, "fair_value": 17.868931, "relative_strength": -28.987581, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.779984, "energy": 90.801423, "activity_lines": [ 8.790935, 9.177629, 9.547773, 10.022757 ] }, { "date": "2024-06-28", "close": 8.056235, "volume": 24013252, "typical_volume": 45944516.15, "trend": 10.734931, "fair_value": 17.820957, "relative_strength": -29.116817, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.314293, "energy": 93.6748, "activity_lines": [ 8.477659, 8.938958, 9.377662, 9.83424 ] }, { "date": "2024-07-05", "close": 8.345382, "volume": 29122177, "typical_volume": 43718324.4, "trend": 10.483047, "fair_value": 17.77026, "relative_strength": -24.828193, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.70428, "energy": 86.30644, "activity_lines": [ 8.364659, 8.774332, 9.242793, 9.680075 ] }, { "date": "2024-07-12", "close": 8.275588, "volume": 29497656, "typical_volume": 42734726.3, "trend": 10.285121, "fair_value": 17.724582, "relative_strength": -26.302197, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.343803, "energy": 80.404056, "activity_lines": [ 8.291541, 8.621539, 9.110586, 9.537659 ] }, { "date": "2024-07-19", "close": 8.285559, "volume": 24648318, "typical_volume": 38520919.05, "trend": 10.101763, "fair_value": 17.681829, "relative_strength": -26.031627, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.906574, "energy": 66.11775, "activity_lines": [ 8.266947, 8.495988, 8.991096, 9.408655 ] }, { "date": "2024-07-26", "close": 8.106089, "volume": 22025715, "typical_volume": 36353356.8, "trend": 9.943214, "fair_value": 17.638497, "relative_strength": -24.466465, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.287341, "energy": 64.15183, "activity_lines": [ 8.21643, 8.371904, 8.868079, 9.279902 ] }, { "date": "2024-08-02", "close": 8.355353, "volume": 22272254, "typical_volume": 34168392.05, "trend": 9.783703, "fair_value": 17.597018, "relative_strength": -21.092399, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.010006, "energy": 55.525705, "activity_lines": [ 8.263624, 8.326529, 8.780148, 9.177459 ] }, { "date": "2024-08-09", "close": 8.405206, "volume": 43788200, "typical_volume": 32753715.25, "trend": 9.646381, "fair_value": 17.543652, "relative_strength": -18.556458, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.145339, "energy": 50.440447, "activity_lines": [ 8.307494, 8.313114, 8.708306, 9.088524 ] }, { "date": "2024-08-16", "close": 8.046265, "volume": 24182667, "typical_volume": 32026290.75, "trend": 9.505041, "fair_value": 17.487096, "relative_strength": -21.038298, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.361179, "energy": 52.206256, "activity_lines": [ 8.22773, 8.250571, 8.612247, 8.98529 ] }, { "date": "2024-08-23", "close": 7.597588, "volume": 21507344, "typical_volume": 31714940.35, "trend": 9.382515, "fair_value": 17.423595, "relative_strength": -23.28384, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.61469, "energy": 59.10875, "activity_lines": [ 8.013694, 8.122948, 8.482014, 8.862229 ] }, { "date": "2024-08-30", "close": 8.106089, "volume": 29386718, "typical_volume": 30818131.9, "trend": 9.280912, "fair_value": 17.362209, "relative_strength": -19.145931, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.702626, "energy": 49.634766, "activity_lines": [ 8.015024, 8.109533, 8.412321, 8.779879 ] }, { "date": "2024-09-06", "close": 7.926617, "volume": 19287795, "typical_volume": 29295833.55, "trend": 9.222658, "fair_value": 17.28823, "relative_strength": -18.116216, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.284283, "energy": 53.13347, "activity_lines": [ 7.956529, 8.067475, 8.332625, 8.692505 ] }, { "date": "2024-09-13", "close": 7.747147, "volume": 14858702, "typical_volume": 27869904.1, "trend": 9.137563, "fair_value": 17.206934, "relative_strength": -17.872716, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.35003, "energy": 56.90724, "activity_lines": [ 7.866794, 7.995143, 8.242077, 8.597311 ] }, { "date": "2024-09-20", "close": 7.986441, "volume": 17401898, "typical_volume": 27782354.6, "trend": 9.045546, "fair_value": 17.14637, "relative_strength": -15.736913, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.137011, "energy": 45.71808, "activity_lines": [ 7.900694, 7.977196, 8.18359, 8.523045 ] }, { "date": "2024-09-27", "close": 8.814, "volume": 45897268, "typical_volume": 27433043.05, "trend": 8.968202, "fair_value": 17.087297, "relative_strength": -20.425918, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.536726, "energy": 19.163276, "activity_lines": [ 8.214435, 8.114971, 8.211956, 8.508106 ] }, { "date": "2024-10-04", "close": 9.631588, "volume": 25783577, "typical_volume": 26741586.25, "trend": 8.939632, "fair_value": 17.028252, "relative_strength": -20.804484, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 18.067093, "energy": 24.927916, "activity_lines": [ 8.719612, 8.391791, 8.324601, 8.550905 ] }, { "date": "2024-10-11", "close": 8.784088, "volume": 85788362, "typical_volume": 29186704.25, "trend": 8.874534, "fair_value": 16.958244, "relative_strength": -23.739314, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -4.843923, "energy": 23.84903, "activity_lines": [ 8.840588, 8.486783, 8.358012, 8.54087 ] }, { "date": "2024-10-18", "close": 8.9835, "volume": 51731350, "typical_volume": 30531401.75, "trend": 8.82403, "fair_value": 16.875465, "relative_strength": -23.612611, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.521327, "energy": 32.509654, "activity_lines": [ 8.97087, 8.610237, 8.414369, 8.5479 ] }, { "date": "2024-10-25", "close": 9.422206, "volume": 68020818, "typical_volume": 32069268.9, "trend": 8.81, "fair_value": 16.799693, "relative_strength": -20.914641, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.117643, "energy": 48.149092, "activity_lines": [ 9.164965, 8.802942, 8.51398, 8.586492 ] }, { "date": "2024-11-01", "close": 10.419265, "volume": 170794532, "typical_volume": 39547189.25, "trend": 8.819274, "fair_value": 16.735272, "relative_strength": -10.343602, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 58.286861, "energy": 66.388908, "activity_lines": [ 9.595694, 9.151912, 8.706318, 8.690316 ] }, { "date": "2024-11-08", "close": 11.007529, "volume": 251709022, "typical_volume": 51085881.25, "trend": 8.866365, "fair_value": 16.665785, "relative_strength": -10.45524, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 59.521459, "energy": 74.298775, "activity_lines": [ 10.115494, 9.556537, 8.946941, 8.831494 ] }, { "date": "2024-11-15", "close": 10.160028, "volume": 103143094, "typical_volume": 55042373.35, "trend": 8.897126, "fair_value": 16.603198, "relative_strength": -13.362238, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 64.043591, "energy": 75.084325, "activity_lines": [ 10.261064, 9.754317, 9.094078, 8.914956 ] }, { "date": "2024-11-22", "close": 9.661499, "volume": 61429225, "typical_volume": 56657725.75, "trend": 8.896039, "fair_value": 16.520887, "relative_strength": -14.304704, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.057278, "energy": 67.0771, "activity_lines": [ 10.148729, 9.820848, 9.183719, 8.96427 ] }, { "date": "2024-11-29", "close": 10.289646, "volume": 63203848, "typical_volume": 58343035.35, "trend": 8.916553, "fair_value": 16.451312, "relative_strength": -9.266351, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.054367, "energy": 51.943682, "activity_lines": [ 10.200576, 9.966781, 9.326915, 9.05418 ] }, { "date": "2024-12-06", "close": 10.279676, "volume": 57500416, "typical_volume": 59985640.25, "trend": 8.920511, "fair_value": 16.372837, "relative_strength": -9.753354, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.764793, "energy": 42.788756, "activity_lines": [ 10.19127, 10.069025, 9.459571, 9.142124 ] }, { "date": "2024-12-13", "close": 10.369411, "volume": 62455628, "typical_volume": 62007135.9, "trend": 8.934744, "fair_value": 16.269254, "relative_strength": -7.423779, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.054623, "energy": 40.379154, "activity_lines": [ 10.221182, 10.160935, 9.591278, 9.235601 ] }, { "date": "2024-12-20", "close": 10.120147, "volume": 127434225, "typical_volume": 67265234.45, "trend": 8.951594, "fair_value": 16.172909, "relative_strength": -8.210079, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.322131, "energy": 37.869403, "activity_lines": [ 10.210547, 10.19411, 9.688468, 9.312079 ] }, { "date": "2024-12-27", "close": 10.758265, "volume": 64322153, "typical_volume": 68291932.1, "trend": 9.00045, "fair_value": 16.085423, "relative_strength": -1.841655, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.079739, "energy": 43.49323, "activity_lines": [ 10.415276, 10.319015, 9.838027, 9.428638 ] }, { "date": "2025-01-03", "close": 10.489059, "volume": 164281678, "typical_volume": 75296882.65, "trend": 9.051632, "fair_value": 15.989155, "relative_strength": 3.699088, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.98059, "energy": 40.368909, "activity_lines": [ 10.457153, 10.362704, 9.950742, 9.524678 ] }, { "date": "2025-01-10", "close": 11.067353, "volume": 237271239, "typical_volume": 86085077.4, "trend": 9.127409, "fair_value": 15.891953, "relative_strength": 11.056542, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.462526, "energy": 48.584232, "activity_lines": [ 10.6785, 10.49214, 10.1069, 9.654724 ] }, { "date": "2025-01-17", "close": 11.426294, "volume": 187381193, "typical_volume": 93984801.15, "trend": 9.23077, "fair_value": 15.794572, "relative_strength": 11.041887, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.384002, "energy": 61.882694, "activity_lines": [ 10.966982, 10.675055, 10.280721, 9.803039 ] }, { "date": "2025-01-24", "close": 10.598735, "volume": 154647488, "typical_volume": 100752785.8, "trend": 9.31552, "fair_value": 15.683114, "relative_strength": 2.175906, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.264101, "energy": 41.657351, "activity_lines": [ 10.909153, 10.699891, 10.359916, 9.891295 ] }, { "date": "2025-01-31", "close": 10.578794, "volume": 19339970, "typical_volume": 100976849.2, "trend": 9.389968, "fair_value": 15.586976, "relative_strength": 3.814252, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.033606, "energy": 39.2284, "activity_lines": [ 10.81277, 10.713125, 10.424487, 9.972797 ] }, { "date": "2025-02-07", "close": 11.216911, "volume": 90116656, "typical_volume": 104612587.1, "trend": 9.488012, "fair_value": 15.512665, "relative_strength": 5.990717, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.104446, "energy": 42.748553, "activity_lines": [ 10.941058, 10.825702, 10.536348, 10.090664 ] }, { "date": "2025-02-14", "close": 10.748294, "volume": 114115987, "typical_volume": 108023523.05, "trend": 9.570103, "fair_value": 15.439419, "relative_strength": 0.24712, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.8255, "energy": 31.952514, "activity_lines": [ 10.864617, 10.836216, 10.588195, 10.171972 ] }, { "date": "2025-02-21", "close": 11.765294, "volume": 185535777, "typical_volume": 116011133.05, "trend": 9.692076, "fair_value": 15.378667, "relative_strength": 7.554905, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.381217, "energy": 42.949097, "activity_lines": [ 11.148447, 11.02312, 10.727688, 10.313598 ] }, { "date": "2025-02-28", "close": 10.788176, "volume": 197738310, "typical_volume": 121608630.45, "trend": 9.77317, "fair_value": 15.309554, "relative_strength": 2.47905, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.822562, "energy": 33.424194, "activity_lines": [ 11.08397, 11.006985, 10.763962, 10.384314 ] }, { "date": "2025-03-07", "close": 10.937736, "volume": 97872116, "typical_volume": 123915668.75, "trend": 9.857588, "fair_value": 15.233326, "relative_strength": 1.891045, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.518141, "energy": 28.999975, "activity_lines": [ 11.056718, 11.005898, 10.804936, 10.459447 ] }, { "date": "2025-03-14", "close": 10.748294, "volume": 55750092, "typical_volume": 123302132.45, "trend": 9.947656, "fair_value": 15.153595, "relative_strength": -0.835376, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.410405, "energy": 22.860726, "activity_lines": [ 10.942388, 10.967103, 10.818563, 10.516912 ] }, { "date": "2025-03-21", "close": 10.359442, "volume": 41708108, "typical_volume": 116847811.25, "trend": 10.039717, "fair_value": 15.07258, "relative_strength": -1.576965, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.673303, "energy": 13.360719, "activity_lines": [ 10.729683, 10.852895, 10.788841, 10.543479 ] }, { "date": "2025-03-28", "close": 10.0005, "volume": 36952077, "typical_volume": 106109964.0, "trend": 10.102865, "fair_value": 14.98494, "relative_strength": -4.073374, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 1.211542, "energy": 10.204382, "activity_lines": [ 10.423253, 10.686295, 10.725219, 10.540949 ] }, { "date": "2025-04-04", "close": 10.279676, "volume": 31889191, "typical_volume": 102547268.85, "trend": 10.1813, "fair_value": 14.912695, "relative_strength": 1.042691, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.031601, "energy": 14.691461, "activity_lines": [ 10.327535, 10.596379, 10.692981, 10.552356 ] }, { "date": "2025-04-11", "close": 11.206941, "volume": 407622320, "typical_volume": 119856923.6, "trend": 10.296626, "fair_value": 14.853132, "relative_strength": 15.881486, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.658308, "energy": 14.060585, "activity_lines": [ 10.574806, 10.680857, 10.748484, 10.618526 ] }, { "date": "2025-04-18", "close": 10.429235, "volume": 134562651, "typical_volume": 123424863.75, "trend": 10.378053, "fair_value": 14.772437, "relative_strength": 8.272066, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.082555, "energy": 7.403591, "activity_lines": [ 10.544894, 10.612513, 10.72256, 10.627082 ] }, { "date": "2025-04-25", "close": 10.150059, "volume": 73670419, "typical_volume": 124233363.9, "trend": 10.422588, "fair_value": 14.687028, "relative_strength": 3.936665, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 1.687993, "energy": 3.830432, "activity_lines": [ 10.443194, 10.507731, 10.669384, 10.612372 ] }, { "date": "2025-05-02", "close": 10.110177, "volume": 28629929, "typical_volume": 122542078.95, "trend": 10.438541, "fair_value": 14.605368, "relative_strength": 3.683929, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.426343, "energy": 10.062196, "activity_lines": [ 10.342159, 10.406575, 10.613026, 10.592217 ] }, { "date": "2025-05-09", "close": 10.309588, "volume": 69072097, "typical_volume": 119623972.55, "trend": 10.489391, "fair_value": 14.521045, "relative_strength": 3.411593, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.835165, "energy": 22.532325, "activity_lines": [ 10.300282, 10.371768, 10.576895, 10.583897 ] }, { "date": "2025-05-16", "close": 10.070294, "volume": 54491490, "typical_volume": 119132439.4, "trend": 10.525617, "fair_value": 14.442943, "relative_strength": 0.555927, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.586819, "energy": 30.97938, "activity_lines": [ 10.176647, 10.302156, 10.517071, 10.556859 ] }, { "date": "2025-05-23", "close": 9.781147, "volume": 44871887, "typical_volume": 113161949.85, "trend": 10.537582, "fair_value": 14.365532, "relative_strength": -1.771163, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -62.048977, "energy": 49.557831, "activity_lines": [ 10.032406, 10.195742, 10.432986, 10.508828 ] }, { "date": "2025-05-30", "close": 9.86, "volume": 29703894, "typical_volume": 102783582.6, "trend": 10.51894, "fair_value": 14.290914, "relative_strength": -0.05394, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.315675, "energy": 54.513375, "activity_lines": [ 9.957655, 10.12125, 10.359782, 10.465113 ] }, { "date": "2025-06-06", "close": 9.89, "volume": 24879563, "typical_volume": 94658501.1, "trend": 10.481689, "fair_value": 14.217823, "relative_strength": -1.165602, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.56245, "energy": 56.033646, "activity_lines": [ 9.912241, 10.061294, 10.295184, 10.424537 ] }, { "date": "2025-06-13", "close": 9.88, "volume": 63552089, "typical_volume": 90103731.15, "trend": 10.472355, "fair_value": 14.12784, "relative_strength": -0.714518, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.639217, "energy": 50.530877, "activity_lines": [ 9.878173, 10.001528, 10.236949, 10.385718 ] }, { "date": "2025-06-20", "close": 9.63, "volume": 29500487, "typical_volume": 90611757.0, "trend": 10.471305, "fair_value": 14.039819, "relative_strength": -2.178705, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.292536, "energy": 50.606525, "activity_lines": [ 9.78941, 9.903574, 10.158327, 10.331373 ] }, { "date": "2025-06-27", "close": 9.78, "volume": 26396023, "typical_volume": 87425725.35, "trend": 10.454317, "fair_value": 13.949577, "relative_strength": -4.290037, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.161321, "energy": 38.163464, "activity_lines": [ 9.78, 9.861565, 10.098509, 10.286772 ] }, { "date": "2025-07-04", "close": 9.88, "volume": 32685564, "typical_volume": 83354204.2, "trend": 10.440994, "fair_value": 13.867043, "relative_strength": -4.472938, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.639793, "energy": 33.708757, "activity_lines": [ 9.804, 9.849542, 10.055058, 10.24972 ] }, { "date": "2025-07-11", "close": 9.92, "volume": 43995495, "typical_volume": 76277190.1, "trend": 10.426014, "fair_value": 13.788776, "relative_strength": -5.752796, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.036704, "energy": 46.618467, "activity_lines": [ 9.84, 9.849702, 10.01955, 10.216107 ] }, { "date": "2025-07-18", "close": 9.87, "volume": 35660611, "typical_volume": 68173305.15, "trend": 10.417675, "fair_value": 13.715474, "relative_strength": -8.051466, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.005762, "energy": 38.663629, "activity_lines": [ 9.857333, 9.844229, 9.988068, 10.180235 ] }, { "date": "2025-07-25", "close": 10.03, "volume": 64011202, "typical_volume": 66480259.45, "trend": 10.3934, "fair_value": 13.645107, "relative_strength": -8.608497, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.730877, "energy": 27.577601, "activity_lines": [ 9.928667, 9.875839, 9.976196, 10.155224 ] }, { "date": "2025-08-01", "close": 9.97, "volume": 70362795, "typical_volume": 67210894.6, "trend": 10.376098, "fair_value": 13.578494, "relative_strength": -7.567602, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.610529, "energy": 18.651992, "activity_lines": [ 9.953333, 9.897273, 9.962932, 10.127908 ] }, { "date": "2025-08-08", "close": 10.1, "volume": 46085815, "typical_volume": 67429779.95, "trend": 10.343853, "fair_value": 13.5187, "relative_strength": -7.34772, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.604298, "energy": 17.906432, "activity_lines": [ 10.008667, 9.938909, 9.965756, 10.110095 ] }, { "date": "2025-08-15", "close": 9.91, "volume": 48151875, "typical_volume": 67989769.85, "trend": 10.29331, "fair_value": 13.458324, "relative_strength": -12.852986, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.940897, "energy": 17.985739, "activity_lines": [ 9.986, 9.941636, 9.95172, 10.082104 ] }, { "date": "2025-08-22", "close": 10.04, "volume": 54182953, "typical_volume": 69104457.95, "trend": 10.274685, "fair_value": 13.393433, "relative_strength": -15.394109, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.950474, "energy": 12.139595, "activity_lines": [ 10.007333, 9.967636, 9.950495, 10.065762 ] }, { "date": "2025-08-29", "close": 9.82, "volume": 104443962, "typical_volume": 53945540.05, "trend": 10.249392, "fair_value": 13.326942, "relative_strength": -20.393108, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.433099, "energy": 19.709754, "activity_lines": [ 9.944, 9.950727, 9.92946, 10.036427 ] }, { "date": "2025-09-05", "close": 9.64, "volume": 51623157, "typical_volume": 49798565.35, "trend": 10.196828, "fair_value": 13.258341, "relative_strength": -20.869198, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.365428, "energy": 36.230332, "activity_lines": [ 9.834667, 9.897636, 9.897886, 9.997112 ] }, { "date": "2025-09-12", "close": 9.62, "volume": 50785118, "typical_volume": 48654300.3, "trend": 10.159219, "fair_value": 13.187893, "relative_strength": -22.724315, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -65.267882, "energy": 55.511476, "activity_lines": [ 9.740667, 9.843455, 9.868166, 9.959897 ] }, { "date": "2025-09-19", "close": 9.38, "volume": 42731285, "typical_volume": 49359368.1, "trend": 10.079709, "fair_value": 13.103554, "relative_strength": -25.092159, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.848691, "energy": 74.992099, "activity_lines": [ 9.598667, 9.750364, 9.818112, 9.909625 ] }, { "date": "2025-09-26", "close": 9.17, "volume": 30542732, "typical_volume": 47432899.85, "trend": 10.02577, "fair_value": 13.0236, "relative_strength": -27.195823, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.014082, "energy": 84.642561, "activity_lines": [ 9.422, 9.628909, 9.751536, 9.850934 ] }, { "date": "2025-10-03", "close": 9.2, "volume": 9640739, "typical_volume": 45190362.3, "trend": 9.967845, "fair_value": 12.951096, "relative_strength": -28.333161, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.249614, "energy": 84.896945, "activity_lines": [ 9.313333, 9.525636, 9.693244, 9.797658 ] }, { "date": "2025-10-10", "close": 9.43, "volume": 14983264, "typical_volume": 43695931.15, "trend": 9.923902, "fair_value": 12.886816, "relative_strength": -25.347788, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.57399, "energy": 77.334031, "activity_lines": [ 9.322667, 9.479273, 9.661, 9.762959 ] }, { "date": "2025-10-17", "close": 9.37, "volume": 58441249, "typical_volume": 45132798.9, "trend": 9.890921, "fair_value": 12.817949, "relative_strength": -21.721521, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.571038, "energy": 62.372588, "activity_lines": [ 9.326, 9.431818, 9.624714, 9.727223 ] }, { "date": "2025-10-24", "close": 9.41, "volume": 23607907, "typical_volume": 45069216.1, "trend": 9.871237, "fair_value": 12.756723, "relative_strength": -24.662985, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.642921, "energy": 45.51871, "activity_lines": [ 9.359333, 9.404909, 9.594571, 9.696196 ] }, { "date": "2025-10-31", "close": 9.43, "volume": 37152837, "typical_volume": 43749253.5, "trend": 9.842915, "fair_value": 12.688305, "relative_strength": -24.555077, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.773266, "energy": 33.10264, "activity_lines": [ 9.397333, 9.390727, 9.568619, 9.667729 ] }, { "date": "2025-11-07", "close": 9.6, "volume": 36248452, "typical_volume": 44086651.75, "trend": 9.78935, "fair_value": 12.62193, "relative_strength": -22.914728, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.132831, "energy": 24.902956, "activity_lines": [ 9.474667, 9.418545, 9.561, 9.652057 ] }, { "date": "2025-11-14", "close": 9.65, "volume": 49669418, "typical_volume": 45250321.5, "trend": 9.763376, "fair_value": 12.558615, "relative_strength": -21.059457, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.095967, "energy": 19.29827, "activity_lines": [ 9.542, 9.459455, 9.558286, 9.643067 ] }, { "date": "2025-11-21", "close": 9.62, "volume": 74137260, "typical_volume": 47322906.3, "trend": 9.745707, "fair_value": 12.484983, "relative_strength": -16.775783, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.383632, "energy": 19.301183, "activity_lines": [ 9.584667, 9.494727, 9.553333, 9.633817 ] }, { "date": "2025-11-28", "close": 9.58, "volume": 67912551, "typical_volume": 48518759.1, "trend": 9.728034, "fair_value": 12.410395, "relative_strength": -19.57985, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.862371, "energy": 18.677503, "activity_lines": [ 9.597333, 9.522727, 9.54581, 9.623126 ] }, { "date": "2025-12-05", "close": 9.48, "volume": 48431093, "typical_volume": 49157283.2, "trend": 9.700381, "fair_value": 12.341087, "relative_strength": -21.02626, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.912481, "energy": 16.555574, "activity_lines": [ 9.565333, 9.528909, 9.530381, 9.607124 ] }, { "date": "2025-12-12", "close": 9.4, "volume": 36719587, "typical_volume": 47792702.45, "trend": 9.678038, "fair_value": 12.273048, "relative_strength": -21.920397, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.34945, "energy": 19.005885, "activity_lines": [ 9.503333, 9.514909, 9.50919, 9.587744 ] }, { "date": "2025-12-19", "close": 9.4, "volume": 40227771, "typical_volume": 46285951.25, "trend": 9.665333, "fair_value": 12.196924, "relative_strength": -20.824153, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.529498, "energy": 24.060199, "activity_lines": [ 9.454667, 9.497273, 9.491, 9.569806 ] }, { "date": "2025-12-26", "close": 9.6, "volume": 42399335, "typical_volume": 46101627.25, "trend": 9.656667, "fair_value": 12.12291, "relative_strength": -21.387746, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.226559, "energy": 18.94407, "activity_lines": [ 9.489333, 9.516545, 9.494571, 9.565591 ] }, { "date": "2026-01-02", "close": 9.54, "volume": 25497842, "typical_volume": 44968925.6, "trend": 9.645, "fair_value": 12.047619, "relative_strength": -20.822292, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.333275, "energy": 17.048872, "activity_lines": [ 9.505333, 9.520727, 9.49481, 9.558065 ] }, { "date": "2026-01-09", "close": 9.79, "volume": 57194352, "typical_volume": 45119495.55, "trend": 9.642, "fair_value": 11.985583, "relative_strength": -21.431765, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.539752, "energy": 6.69815, "activity_lines": [ 9.607333, 9.568, 9.520619, 9.567419 ] }, { "date": "2026-01-16", "close": 9.64, "volume": 61565520, "typical_volume": 42975573.45, "trend": 9.642333, "fair_value": 11.921184, "relative_strength": -22.750717, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.271447, "energy": 14.087338, "activity_lines": [ 9.638667, 9.581455, 9.533333, 9.56729 ] }, { "date": "2026-01-23", "close": 9.89, "volume": 62545385, "typical_volume": 43521684.85, "trend": 9.646, "fair_value": 11.85807, "relative_strength": -21.018384, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.415784, "energy": 35.09155, "activity_lines": [ 9.737333, 9.639636, 9.570714, 9.583269 ] }, { "date": "2026-01-30", "close": 11.29, "volume": 208843052, "typical_volume": 51424581.55, "trend": 9.693, "fair_value": 11.80463, "relative_strength": -7.849768, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 66.100029, "energy": 75.567529, "activity_lines": [ 10.27, 9.948, 9.740238, 9.689333 ] }, { "date": "2026-02-06", "close": 10.88, "volume": 424853318, "typical_volume": 70530683.2, "trend": 9.725, "fair_value": 11.744742, "relative_strength": -8.719568, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 79.176136, "energy": 82.029751, "activity_lines": [ 10.553333, 10.151455, 9.862762, 9.765914 ] }, { "date": "2026-02-13", "close": 10.25, "volume": 136806371, "typical_volume": 75843865.15, "trend": 9.737667, "fair_value": 11.678205, "relative_strength": -14.662358, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.405253, "energy": 74.630276, "activity_lines": [ 10.537333, 10.216727, 9.918143, 9.799785 ] }, { "date": "2026-02-27", "close": 11.11, "volume": 134898256, "typical_volume": 82106741.0, "trend": 9.773667, "fair_value": 11.616544, "relative_strength": -9.400629, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.365762, "energy": 82.033983, "activity_lines": [ 10.777333, 10.424364, 10.050286, 9.888323 ] }, { "date": "2026-03-06", "close": 11.69, "volume": 404883739, "typical_volume": 101601764.75, "trend": 9.831, "fair_value": 11.564841, "relative_strength": -2.074866, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.125559, "energy": 73.641243, "activity_lines": [ 11.112667, 10.706364, 10.228571, 10.011957 ] }, { "date": "2026-03-13", "close": 11.33, "volume": 223792218, "typical_volume": 109869313.2, "trend": 9.872, "fair_value": 11.510894, "relative_strength": -5.344014, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.76813, "energy": 54.913162, "activity_lines": [ 11.208, 10.881273, 10.36181, 10.108667 ] }, { "date": "2026-03-20", "close": 10.83, "volume": 196952372, "typical_volume": 118536536.45, "trend": 9.902667, "fair_value": 11.453232, "relative_strength": -6.390768, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.668612, "energy": 48.034408, "activity_lines": [ 11.134, 10.933818, 10.438095, 10.170473 ] }, { "date": "2026-03-27", "close": 10.71, "volume": 108711302, "typical_volume": 122114459.7, "trend": 9.925, "fair_value": 11.396202, "relative_strength": -6.303594, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.189551, "energy": 40.219334, "activity_lines": [ 11.023333, 10.941091, 10.49619, 10.222559 ] }, { "date": "2026-04-03", "close": 9.85, "volume": 103898297, "typical_volume": 125496951.95, "trend": 9.926, "fair_value": 11.334104, "relative_strength": -10.773994, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 26.655344, "energy": 14.553204, "activity_lines": [ 10.595333, 10.775273, 10.466286, 10.21772 ] }, { "date": "2026-04-10", "close": 10.23, "volume": 53127551, "typical_volume": 125669858.6, "trend": 9.945667, "fair_value": 11.278008, "relative_strength": -12.96617, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 27.038778, "energy": 19.45295, "activity_lines": [ 10.378, 10.674727, 10.471381, 10.237333 ] }, { "date": "2026-04-17", "close": 10.33, "volume": 53096488, "typical_volume": 124617820.0, "trend": 9.969333, "fair_value": 11.225164, "relative_strength": -14.625215, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 23.111384, "energy": 18.854524, "activity_lines": [ 10.291333, 10.586182, 10.483238, 10.262129 ] }, { "date": "2026-04-24", "close": 9.86, "volume": 61170488, "typical_volume": 124280716.85, "trend": 9.985333, "fair_value": 11.172044, "relative_strength": -18.021071, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 1.797172, "energy": 13.572143, "activity_lines": [ 10.114667, 10.429636, 10.446952, 10.255075 ] }, { "date": "2026-05-01", "close": 10.24, "volume": 66054416, "typical_volume": 125161883.0, "trend": 10.021, "fair_value": 11.122252, "relative_strength": -15.103111, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.192711, "energy": 11.841958, "activity_lines": [ 10.129333, 10.360727, 10.445524, 10.271505 ] }, { "date": "2026-05-08", "close": 10.13, "volume": 41204131, "typical_volume": 125386110.2, "trend": 10.052, "fair_value": 11.077867, "relative_strength": -17.743253, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.243896, "energy": 10.257612, "activity_lines": [ 10.138667, 10.272, 10.43, 10.278538 ] }, { "date": "2026-05-15", "close": 9.67, "volume": 66378757, "typical_volume": 126693659.5, "trend": 10.06, "fair_value": 11.032507, "relative_strength": -20.701828, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.827761, "energy": 23.002579, "activity_lines": [ 9.976, 10.117455, 10.36719, 10.253892 ] }, { "date": "2026-05-22", "close": 8.82, "volume": 64364673, "typical_volume": 127791926.4, "trend": 10.041667, "fair_value": 10.982144, "relative_strength": -27.080466, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -36.063787, "energy": 43.24742, "activity_lines": [ 9.567333, 9.845091, 10.222143, 10.173892 ] }, { "date": "2026-05-29", "close": 8.69, "volume": 61530112, "typical_volume": 129593539.9, "trend": 10.017667, "fair_value": 10.934704, "relative_strength": -27.318707, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.254615, "energy": 59.220732, "activity_lines": [ 9.216, 9.594727, 10.068429, 10.086688 ] }, { "date": "2026-06-05", "close": 8.47, "volume": 10205620, "typical_volume": 127244103.3, "trend": 9.985667, "fair_value": 10.888401, "relative_strength": -27.171476, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.265212, "energy": 69.698401, "activity_lines": [ 8.869333, 9.343273, 9.89781, 9.986839 ] }, { "date": "2026-06-12", "close": 8.7, "volume": 25289950, "typical_volume": 125430324.8, "trend": 9.955667, "fair_value": 10.845609, "relative_strength": -22.674475, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -67.558318, "energy": 78.70244, "activity_lines": [ 8.717333, 9.174364, 9.755381, 9.903892 ] }, { "date": "2026-06-19", "close": 8.57, "volume": 51789651, "typical_volume": 124892538.1, "trend": 9.919667, "fair_value": 10.800711, "relative_strength": -28.089191, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.852594, "energy": 80.069554, "activity_lines": [ 8.617333, 9.002727, 9.605048, 9.814495 ] }, { "date": "2026-06-26", "close": 8.03, "volume": 10709543, "typical_volume": 114985862.65, "trend": 9.866667, "fair_value": 10.754579, "relative_strength": -30.746674, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.207627, "energy": 85.071043, "activity_lines": [ 8.410667, 8.763091, 9.409571, 9.692581 ] }, { "date": "2026-07-03", "close": 8.14, "volume": 10411183, "typical_volume": 94263755.9, "trend": 9.818667, "fair_value": 10.707179, "relative_strength": -28.1762, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.161305, "energy": 85.688059, "activity_lines": [ 8.293333, 8.585273, 9.240095, 9.581183 ] }, { "date": "2026-07-10", "close": 8.2, "volume": 54011672, "typical_volume": 90124020.95, "trend": 9.776, "fair_value": 10.663284, "relative_strength": -24.205253, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.26717, "energy": 82.938008, "activity_lines": [ 8.232667, 8.449636, 9.089381, 9.476753 ] }, { "date": "2026-07-17", "close": 8.32, "volume": 79932108, "typical_volume": 87375713.55, "trend": 9.74, "fair_value": 10.619393, "relative_strength": -14.84922, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.861406, "energy": 72.516179, "activity_lines": [ 8.23, 8.372909, 8.959857, 9.382817 ] }, { "date": "2026-07-24", "close": 8.31, "volume": 76182117, "typical_volume": 70940632.45, "trend": 9.703667, "fair_value": 10.571046, "relative_strength": -14.677165, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.219047, "energy": 58.827622, "activity_lines": [ 8.249333, 8.327273, 8.842667, 9.290559 ] }, { "date": "2026-07-31", "close": 8.77, "volume": 62128888, "typical_volume": 62857465.95, "trend": 9.676, "fair_value": 10.523927, "relative_strength": -8.025057, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.173817, "energy": 43.081664, "activity_lines": [ 8.439333, 8.39, 8.785381, 9.230323 ] }, { "date": "2026-08-07", "close": 8.91, "volume": 108079518, "typical_volume": 58413823.25, "trend": 9.655, "fair_value": 10.476051, "relative_strength": -10.640715, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.617189, "energy": 28.810992, "activity_lines": [ 8.626667, 8.479091, 8.753619, 9.180903 ] } ], "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." } } }