{ "ticker": { "uuid": "320cb659-3bb4-4b3d-9322-a84cb62b8572", "symbol": "603043", "name": "Guangzhou Restaurant Group Company Limited", "exchange": "SHH", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "000001.SS", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -41.626, "architecture_energy": 28.796, "architecture_maturity": 89.966, "architecture_confidence": 83.975, "architecture_tenure": "Established", "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": 31.33, "rotation_up": 26.89, "upward_expansion": 15.89, "deceleration": 46.99, "rotation_down": 32.63, "downward_expansion": 63.55 }, "activity_lines": [ 13.543333, 13.440545, 13.743207, 14.262539 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 13.54, "trend_reference": 15.073789, "distance_from_trend": -0.101752, "trend_direction": "Weakening", "fair_value": 16.141273, "distance_from_fair_value": -0.161157, "fair_value_direction": "Weakening", "relative_strength": -12.880228, "relative_strength_direction": "Improving", "price_momentum": -0.229571, "excess_performance": -0.186367, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.101752, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.068579, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.161157, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.021322, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.128802, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.03003, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.229571, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.615724, "read": "Supply-led" } ], "volume": { "latest": 16300356, "relative_activity": 1.205454, "balance": 0.615724, "dry_up": 1.401919, "accumulation_observations": 3, "distribution_observations": 5 }, "risk": { "range_context": 0.061461, "annualized_volatility": 0.255071, "from_high_reference": -0.261808, "from_low_reference": 0.073751 }, "levels": { "trend_reference": 15.073789, "fair_value_reference": 16.141273, "structural_low": 12.61, "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": 23, "median_return": -0.036237, "positive_rate": 0.304348, "directional_follow_through": 0.695652, "median_excess_return": -0.034441, "regime_survival": 0.913043, "best_return": 0.218334, "worst_return": -0.093245, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.141143, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.076954, "regime_survival": 0.75, "best_return": 0.1676, "worst_return": -0.162885, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.081495, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.106097, "regime_survival": 0.5, "best_return": 0.079776, "worst_return": -0.287682, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.076034, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.108582, "regime_survival": 0.333333, "best_return": 0.269863, "worst_return": -0.404924, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-04", "end": "2024-10-11", "tenure": "New", "return": -0.113728, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-18", "end": "2024-12-20", "tenure": "Developing", "return": 0.135471, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-27", "end": "2025-01-17", "tenure": "New", "return": -0.07842, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-24", "end": "2025-02-07", "tenure": "New", "return": -0.01347, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-02-14", "end": "2025-03-07", "tenure": "New", "return": 0.009156, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-14", "end": "2025-08-08", "tenure": "Established", "return": 0.015331, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-15", "end": "2025-10-03", "tenure": "Developing", "return": -0.002474, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-10", "end": "2025-11-14", "tenure": "Developing", "return": 0.073125, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-21", "end": "2026-01-16", "tenure": "Developing", "return": 0.047495, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-01-23", "end": "2026-01-30", "tenure": "New", "return": 0.012311, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-06", "end": "2026-03-06", "tenure": "New", "return": -0.074731, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-13", "end": "2026-03-27", "tenure": "New", "return": -0.05102, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-03", "end": "2026-04-17", "tenure": "New", "return": 0.0, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-24", "end": "2026-08-07", "tenure": "Established", "return": -0.096755, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 23.669182, "volume": 13217017, "typical_volume": 14135623.35, "trend": 25.148133, "fair_value": 22.442599, "relative_strength": -0.352863, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.30354, "energy": 58.409067, "activity_lines": [ 23.792621, 24.705748, 25.384111, 25.420091 ] }, { "date": "2023-08-04", "close": 23.915449, "volume": 10423435, "typical_volume": 13547913.7, "trend": 25.171008, "fair_value": 22.472887, "relative_strength": 0.03682, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.867544, "energy": 61.299698, "activity_lines": [ 23.669789, 24.471173, 25.214063, 25.340563 ] }, { "date": "2023-08-11", "close": 23.267853, "volume": 7099365, "typical_volume": 13212726.25, "trend": 25.190889, "fair_value": 22.485925, "relative_strength": 0.092877, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.547831, "energy": 62.565065, "activity_lines": [ 23.45514, 24.145633, 24.987854, 25.217779 ] }, { "date": "2023-08-18", "close": 22.684107, "volume": 7867970, "typical_volume": 12566284.1, "trend": 25.161024, "fair_value": 22.472669, "relative_strength": -0.809501, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -72.054279, "energy": 70.093182, "activity_lines": [ 23.210696, 23.765699, 24.71482, 25.056051 ] }, { "date": "2023-08-25", "close": 22.510805, "volume": 8761334, "typical_volume": 12327347.45, "trend": 25.140376, "fair_value": 22.437111, "relative_strength": 0.404294, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.651637, "energy": 72.399196, "activity_lines": [ 22.972939, 23.410641, 24.444242, 24.88507 ] }, { "date": "2023-09-01", "close": 22.738831, "volume": 12689532, "typical_volume": 11987538.65, "trend": 25.131227, "fair_value": 22.411187, "relative_strength": -1.01421, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.647046, "energy": 68.991404, "activity_lines": [ 22.816057, 23.176643, 24.217566, 24.730131 ] }, { "date": "2023-09-08", "close": 22.255415, "volume": 10425812, "typical_volume": 11570367.15, "trend": 25.106264, "fair_value": 22.374273, "relative_strength": -2.77818, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.210942, "energy": 70.062007, "activity_lines": [ 22.560059, 22.922414, 23.956996, 24.544595 ] }, { "date": "2023-09-15", "close": 20.750439, "volume": 21011697, "typical_volume": 11447000.25, "trend": 24.938471, "fair_value": 22.336644, "relative_strength": -9.403242, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.881673, "energy": 82.501459, "activity_lines": [ 21.913071, 22.458566, 23.569342, 24.263574 ] }, { "date": "2023-09-22", "close": 20.987585, "volume": 13238274, "typical_volume": 11645332.75, "trend": 24.792377, "fair_value": 22.298733, "relative_strength": -8.947099, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.163767, "energy": 80.74117, "activity_lines": [ 21.51296, 22.128549, 23.236941, 24.008678 ] }, { "date": "2023-09-29", "close": 20.777802, "volume": 5445638, "typical_volume": 11389148.75, "trend": 24.64139, "fair_value": 22.273217, "relative_strength": -9.341139, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.401813, "energy": 84.511319, "activity_lines": [ 21.156022, 21.808814, 22.913356, 23.749673 ] }, { "date": "2023-10-13", "close": 19.665031, "volume": 12918811, "typical_volume": 11354885.85, "trend": 24.45241, "fair_value": 22.247377, "relative_strength": -13.616139, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.052837, "energy": 90.455329, "activity_lines": [ 20.543694, 21.319593, 22.509176, 23.428618 ] }, { "date": "2023-10-20", "close": 18.880619, "volume": 7248897, "typical_volume": 11199115.65, "trend": 24.245981, "fair_value": 22.22396, "relative_strength": -14.119264, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.913734, "energy": 93.918353, "activity_lines": [ 19.874816, 20.760554, 22.061571, 23.069147 ] }, { "date": "2023-10-27", "close": 20.029875, "volume": 11058028, "typical_volume": 11263141.15, "trend": 24.07666, "fair_value": 22.210273, "relative_strength": -9.989848, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.607412, "energy": 84.847687, "activity_lines": [ 19.814009, 20.502014, 21.754408, 22.797141 ] }, { "date": "2023-11-03", "close": 19.31843, "volume": 15040323, "typical_volume": 11637970.3, "trend": 23.831744, "fair_value": 22.18834, "relative_strength": -13.536389, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.17234, "energy": 85.775135, "activity_lines": [ 19.564091, 20.172992, 21.408459, 22.490158 ] }, { "date": "2023-11-10", "close": 19.309309, "volume": 8860689, "typical_volume": 11473980.5, "trend": 23.569731, "fair_value": 22.170395, "relative_strength": -13.750873, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.857652, "energy": 78.0909, "activity_lines": [ 19.422411, 19.903506, 21.092435, 22.198388 ] }, { "date": "2023-11-17", "close": 19.218098, "volume": 9287169, "typical_volume": 11704202.85, "trend": 23.367353, "fair_value": 22.158915, "relative_strength": -14.475095, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.328034, "energy": 64.906106, "activity_lines": [ 19.348226, 19.675645, 20.803818, 21.917637 ] }, { "date": "2023-11-24", "close": 19.172495, "volume": 14056907, "typical_volume": 11839729.75, "trend": 23.15086, "fair_value": 22.133523, "relative_strength": -14.205099, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.782124, "energy": 64.447499, "activity_lines": [ 19.288635, 19.503505, 20.545345, 21.647001 ] }, { "date": "2023-12-01", "close": 18.844133, "volume": 14161455, "typical_volume": 12169256.0, "trend": 22.858646, "fair_value": 22.099177, "relative_strength": -15.29563, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.66674, "energy": 64.412253, "activity_lines": [ 19.100132, 19.327717, 20.287045, 21.369148 ] }, { "date": "2023-12-08", "close": 18.369837, "volume": 12036534, "typical_volume": 11931501.0, "trend": 22.569815, "fair_value": 22.062431, "relative_strength": -15.693592, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.20514, "energy": 67.505093, "activity_lines": [ 18.83258, 19.100353, 20.016409, 21.079548 ] }, { "date": "2023-12-15", "close": 17.868181, "volume": 11033335, "typical_volume": 11294111.1, "trend": 22.29515, "fair_value": 22.020226, "relative_strength": -17.071935, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.97508, "energy": 70.050072, "activity_lines": [ 18.461049, 18.829375, 19.723145, 20.776216 ] }, { "date": "2023-12-22", "close": 17.384762, "volume": 9058556, "typical_volume": 11086188.05, "trend": 22.000173, "fair_value": 21.983415, "relative_strength": -18.328712, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.948932, "energy": 91.664148, "activity_lines": [ 18.024454, 18.523404, 19.406296, 20.459417 ] }, { "date": "2023-12-29", "close": 17.813454, "volume": 8870419, "typical_volume": 11008537.25, "trend": 21.747676, "fair_value": 21.942782, "relative_strength": -17.720605, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.163779, "energy": 85.191002, "activity_lines": [ 17.852978, 18.336837, 19.160201, 20.189306 ] }, { "date": "2024-01-05", "close": 17.320917, "volume": 6009578, "typical_volume": 10954047.9, "trend": 21.454585, "fair_value": 21.89819, "relative_strength": -18.38149, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.980474, "energy": 84.767165, "activity_lines": [ 17.607926, 18.080121, 18.896255, 19.903709 ] }, { "date": "2024-01-12", "close": 17.658398, "volume": 18428392, "typical_volume": 11482069.0, "trend": 21.18369, "fair_value": 21.849433, "relative_strength": -15.11471, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.116992, "energy": 69.689805, "activity_lines": [ 17.576915, 17.934018, 18.692768, 19.658794 ] }, { "date": "2024-01-19", "close": 17.485094, "volume": 18450234, "typical_volume": 11966514.0, "trend": 20.870229, "fair_value": 21.809379, "relative_strength": -14.243005, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.335528, "energy": 63.481433, "activity_lines": [ 17.535566, 17.786588, 18.496709, 19.420174 ] }, { "date": "2024-01-26", "close": 17.174978, "volume": 18375566, "typical_volume": 12250815.7, "trend": 20.56072, "fair_value": 21.764333, "relative_strength": -17.695107, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.503349, "energy": 63.960885, "activity_lines": [ 17.416383, 17.615941, 18.295046, 19.181771 ] }, { "date": "2024-02-02", "close": 15.305161, "volume": 15087166, "typical_volume": 12483883.4, "trend": 20.211687, "fair_value": 21.70642, "relative_strength": -21.506701, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.380458, "energy": 73.23507, "activity_lines": [ 16.687914, 17.142475, 17.9418, 18.842703 ] }, { "date": "2024-02-09", "close": 16.892225, "volume": 22035605, "typical_volume": 12535078.8, "trend": 19.916773, "fair_value": 21.657679, "relative_strength": -17.212872, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.438892, "energy": 57.06557, "activity_lines": [ 16.655686, 17.027881, 17.7728, 18.628544 ] }, { "date": "2024-02-23", "close": 16.85574, "volume": 19498499, "typical_volume": 12848090.05, "trend": 19.690266, "fair_value": 21.597047, "relative_strength": -20.903528, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.181761, "energy": 53.504484, "activity_lines": [ 16.639876, 16.942143, 17.618697, 18.431058 ] }, { "date": "2024-03-01", "close": 16.773651, "volume": 17648575, "typical_volume": 13458236.9, "trend": 19.496595, "fair_value": 21.545142, "relative_strength": -21.340504, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.11861, "energy": 50.519482, "activity_lines": [ 16.650213, 16.869008, 17.476452, 18.242889 ] }, { "date": "2024-03-08", "close": 16.034845, "volume": 14805344, "typical_volume": 13552563.55, "trend": 19.242117, "fair_value": 21.491786, "relative_strength": -24.760426, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.273056, "energy": 47.57287, "activity_lines": [ 16.461711, 16.681446, 17.282911, 18.019551 ] }, { "date": "2024-03-15", "close": 16.691561, "volume": 18647614, "typical_volume": 14122499.4, "trend": 19.001321, "fair_value": 21.435068, "relative_strength": -21.437965, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.658129, "energy": 39.885962, "activity_lines": [ 16.568123, 16.63783, 17.169202, 17.854999 ] }, { "date": "2024-03-22", "close": 16.271994, "volume": 13433246, "typical_volume": 14241260.3, "trend": 18.768126, "fair_value": 21.375862, "relative_strength": -22.711606, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.158684, "energy": 41.336506, "activity_lines": [ 16.442253, 16.538328, 17.025958, 17.678913 ] }, { "date": "2024-03-29", "close": 15.925389, "volume": 11257504, "typical_volume": 14052119.35, "trend": 18.542835, "fair_value": 21.332139, "relative_strength": -23.660642, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.108255, "energy": 44.589246, "activity_lines": [ 16.242196, 16.394878, 16.867598, 17.495511 ] }, { "date": "2024-04-05", "close": 16.244629, "volume": 8257678, "typical_volume": 14021968.8, "trend": 18.333963, "fair_value": 21.284614, "relative_strength": -22.322143, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.203044, "energy": 39.183647, "activity_lines": [ 16.210577, 16.340981, 16.7558, 17.347239 ] }, { "date": "2024-04-12", "close": 16.864862, "volume": 22045455, "typical_volume": 14659883.1, "trend": 18.138164, "fair_value": 21.249397, "relative_strength": -17.428577, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.994842, "energy": 33.301081, "activity_lines": [ 16.420969, 16.422407, 16.717665, 17.252459 ] }, { "date": "2024-04-19", "close": 16.636833, "volume": 20974413, "typical_volume": 15005758.4, "trend": 17.950878, "fair_value": 21.210635, "relative_strength": -19.132424, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.75261, "energy": 24.675784, "activity_lines": [ 16.500018, 16.468012, 16.669019, 17.155598 ] }, { "date": "2024-04-26", "close": 16.417929, "volume": 21555037, "typical_volume": 15375437.5, "trend": 17.806461, "fair_value": 21.168627, "relative_strength": -20.284151, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.366242, "energy": 20.767685, "activity_lines": [ 16.509747, 16.449604, 16.6116, 17.056699 ] }, { "date": "2024-05-03", "close": 16.691561, "volume": 8496501, "typical_volume": 15198435.85, "trend": 17.66326, "fair_value": 21.124969, "relative_strength": -18.816455, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.78578, "energy": 16.177905, "activity_lines": [ 16.600958, 16.489571, 16.591794, 16.98477 ] }, { "date": "2024-05-10", "close": 16.655079, "volume": 17325507, "typical_volume": 15513044.45, "trend": 17.525836, "fair_value": 21.079314, "relative_strength": -19.563272, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.488154, "energy": 16.77341, "activity_lines": [ 16.62893, 16.52589, 16.576506, 16.919726 ] }, { "date": "2024-05-17", "close": 16.545624, "volume": 17218137, "typical_volume": 15921023.5, "trend": 17.421855, "fair_value": 21.026147, "relative_strength": -19.402934, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.029107, "energy": 18.03635, "activity_lines": [ 16.593054, 16.544463, 16.55657, 16.856486 ] }, { "date": "2024-05-24", "close": 16.262871, "volume": 16300156, "typical_volume": 16292510.35, "trend": 17.334597, "fair_value": 20.968164, "relative_strength": -18.455529, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.97518, "energy": 25.730473, "activity_lines": [ 16.484209, 16.502341, 16.513701, 16.781713 ] }, { "date": "2024-05-31", "close": 16.282885, "volume": 9646031, "typical_volume": 16474333.0, "trend": 17.209698, "fair_value": 20.915317, "relative_strength": -17.63479, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.732281, "energy": 28.701171, "activity_lines": [ 16.406967, 16.471651, 16.480121, 16.713861 ] }, { "date": "2024-06-07", "close": 15.851673, "volume": 8477055, "typical_volume": 15976766.15, "trend": 17.094139, "fair_value": 20.867115, "relative_strength": -18.21725, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.081127, "energy": 48.786171, "activity_lines": [ 16.19499, 16.362361, 16.410417, 16.626246 ] }, { "date": "2024-06-14", "close": 15.757932, "volume": 5550819, "typical_volume": 15331795.4, "trend": 16.97576, "fair_value": 20.817232, "relative_strength": -17.479435, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.452585, "energy": 60.799195, "activity_lines": [ 16.007758, 16.237368, 16.340389, 16.540039 ] }, { "date": "2024-06-21", "close": 15.101744, "volume": 7979691, "typical_volume": 14812001.65, "trend": 16.838548, "fair_value": 20.761459, "relative_strength": -19.280428, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.821967, "energy": 76.206174, "activity_lines": [ 15.661607, 16.001917, 16.216091, 16.419135 ] }, { "date": "2024-06-28", "close": 14.970505, "volume": 7359516, "typical_volume": 14425619.15, "trend": 16.698482, "fair_value": 20.699438, "relative_strength": -18.35563, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.424527, "energy": 82.007456, "activity_lines": [ 15.367969, 15.774661, 16.089167, 16.298616 ] }, { "date": "2024-07-05", "close": 14.595539, "volume": 7757842, "typical_volume": 13711731.0, "trend": 16.556862, "fair_value": 20.641981, "relative_strength": -19.09156, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.547771, "energy": 86.145415, "activity_lines": [ 15.035499, 15.509526, 15.928125, 16.162942 ] }, { "date": "2024-07-12", "close": 14.670531, "volume": 7520221, "typical_volume": 13112817.1, "trend": 16.433552, "fair_value": 20.588518, "relative_strength": -18.462452, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.825378, "energy": 85.954218, "activity_lines": [ 14.840516, 15.291161, 15.785162, 16.041244 ] }, { "date": "2024-07-19", "close": 14.679906, "volume": 6352603, "typical_volume": 12548018.5, "trend": 16.327276, "fair_value": 20.535343, "relative_strength": -17.895569, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.216268, "energy": 84.186118, "activity_lines": [ 14.727402, 15.111246, 15.653498, 15.928105 ] }, { "date": "2024-07-26", "close": 14.192451, "volume": 5964369, "typical_volume": 12105969.75, "trend": 16.220865, "fair_value": 20.478816, "relative_strength": -17.477804, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.594325, "energy": 89.062982, "activity_lines": [ 14.52367, 14.878615, 15.485379, 15.790375 ] }, { "date": "2024-08-02", "close": 14.342438, "volume": 8800778, "typical_volume": 11613627.95, "trend": 16.105165, "fair_value": 20.423023, "relative_strength": -16.427856, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.337575, "energy": 76.856653, "activity_lines": [ 14.430554, 14.716039, 15.340319, 15.669186 ] }, { "date": "2024-08-09", "close": 14.745524, "volume": 10941686, "typical_volume": 11489049.95, "trend": 16.019318, "fair_value": 20.377125, "relative_strength": -12.191254, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.777125, "energy": 56.635953, "activity_lines": [ 14.513671, 14.661669, 15.244834, 15.581467 ] }, { "date": "2024-08-16", "close": 13.742492, "volume": 10588121, "typical_volume": 11455580.8, "trend": 15.888788, "fair_value": 20.32372, "relative_strength": -17.981829, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.656783, "energy": 63.538288, "activity_lines": [ 14.252445, 14.452881, 15.06109, 15.434575 ] }, { "date": "2024-08-23", "close": 13.508139, "volume": 8102493, "typical_volume": 11447821.55, "trend": 15.756223, "fair_value": 20.27312, "relative_strength": -17.977819, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.054278, "energy": 65.587468, "activity_lines": [ 13.974971, 14.239833, 14.865423, 15.280985 ] }, { "date": "2024-08-30", "close": 13.920601, "volume": 8389306, "typical_volume": 10765014.1, "trend": 15.647744, "fair_value": 20.239783, "relative_strength": -14.443161, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.353496, "energy": 56.561729, "activity_lines": [ 13.913102, 14.142683, 14.722068, 15.162557 ] }, { "date": "2024-09-06", "close": 13.395649, "volume": 7877941, "typical_volume": 10110190.5, "trend": 15.584093, "fair_value": 20.207445, "relative_strength": -14.677581, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.427408, "energy": 69.645738, "activity_lines": [ 13.694372, 13.971562, 14.542738, 15.017261 ] }, { "date": "2024-09-13", "close": 12.476983, "volume": 9057778, "typical_volume": 9485327.55, "trend": 15.436919, "fair_value": 20.158395, "relative_strength": -17.980696, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.194119, "energy": 82.014085, "activity_lines": [ 13.232539, 13.662045, 14.29135, 14.816802 ] }, { "date": "2024-09-20", "close": 12.467608, "volume": 7884467, "typical_volume": 9454725.85, "trend": 15.290648, "fair_value": 20.109681, "relative_strength": -18.300302, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.033074, "energy": 79.756823, "activity_lines": [ 12.918817, 13.389343, 14.057836, 14.625234 ] }, { "date": "2024-09-27", "close": 14.933008, "volume": 22277725, "typical_volume": 9702336.75, "trend": 15.229293, "fair_value": 20.075978, "relative_strength": -12.712502, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.049578, "energy": 43.405389, "activity_lines": [ 13.511888, 13.604948, 14.079236, 14.60216 ] }, { "date": "2024-10-04", "close": 16.320381, "volume": 11915139, "typical_volume": 9437186.85, "trend": 15.238811, "fair_value": 20.049808, "relative_strength": -11.163783, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -4.463176, "energy": 8.882506, "activity_lines": [ 14.472425, 14.068201, 14.240967, 14.672553 ] }, { "date": "2024-10-11", "close": 14.464301, "volume": 33021019, "typical_volume": 10273230.0, "trend": 15.164569, "fair_value": 20.016501, "relative_strength": -17.73334, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -23.842517, "energy": 22.045972, "activity_lines": [ 14.654283, 14.155295, 14.227001, 14.622585 ] }, { "date": "2024-10-18", "close": 14.323689, "volume": 16507970, "typical_volume": 10616326.95, "trend": 15.099625, "fair_value": 19.987278, "relative_strength": -19.06478, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -9.729925, "energy": 21.922672, "activity_lines": [ 14.718028, 14.214608, 14.208208, 14.568334 ] }, { "date": "2024-10-25", "close": 14.764274, "volume": 13455088, "typical_volume": 10865228.6, "trend": 15.060921, "fair_value": 19.959974, "relative_strength": -16.993815, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -7.883675, "energy": 19.320316, "activity_lines": [ 14.80552, 14.361697, 14.240705, 14.546699 ] }, { "date": "2024-11-01", "close": 15.12049, "volume": 23318918, "typical_volume": 11753633.55, "trend": 15.02345, "fair_value": 19.936709, "relative_strength": -13.650758, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -2.329484, "energy": 9.900751, "activity_lines": [ 14.85864, 14.554974, 14.312306, 14.550542 ] }, { "date": "2024-11-08", "close": 16.095402, "volume": 32816584, "typical_volume": 12995478.2, "trend": 14.997801, "fair_value": 19.918674, "relative_strength": -12.3441, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 30.539311, "energy": 32.361105, "activity_lines": [ 15.224231, 14.896193, 14.479791, 14.6197 ] }, { "date": "2024-11-15", "close": 15.345471, "volume": 20457116, "typical_volume": 13650358.2, "trend": 14.954756, "fair_value": 19.895661, "relative_strength": -12.827364, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 15.993507, "energy": 31.62494, "activity_lines": [ 15.354845, 15.061519, 14.571122, 14.64213 ] }, { "date": "2024-11-22", "close": 14.436177, "volume": 19024035, "typical_volume": 14213667.85, "trend": 14.888698, "fair_value": 19.874413, "relative_strength": -15.824234, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 9.073554, "energy": 15.230629, "activity_lines": [ 15.123615, 15.026068, 14.574068, 14.608674 ] }, { "date": "2024-11-29", "close": 15.495457, "volume": 25031781, "typical_volume": 15089245.85, "trend": 14.848827, "fair_value": 19.844882, "relative_strength": -10.718861, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 27.467773, "energy": 22.640398, "activity_lines": [ 15.23798, 15.147591, 14.678656, 14.64782 ] }, { "date": "2024-12-06", "close": 15.429837, "volume": 34119305, "typical_volume": 16477580.95, "trend": 14.807986, "fair_value": 19.806544, "relative_strength": -12.581819, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 24.441308, "energy": 16.853561, "activity_lines": [ 15.281726, 15.202131, 14.773067, 14.685304 ] }, { "date": "2024-12-13", "close": 16.789087, "volume": 75592371, "typical_volume": 19958981.05, "trend": 14.816102, "fair_value": 19.777882, "relative_strength": -4.099167, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 41.555287, "energy": 30.564666, "activity_lines": [ 15.757932, 15.494774, 14.993359, 14.813117 ] }, { "date": "2024-12-20", "close": 16.264135, "volume": 35402520, "typical_volume": 21289068.15, "trend": 14.816144, "fair_value": 19.747441, "relative_strength": -6.005556, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 59.155319, "energy": 52.622485, "activity_lines": [ 16.012908, 15.68345, 15.151291, 14.906538 ] }, { "date": "2024-12-27", "close": 15.898544, "volume": 21280580, "typical_volume": 21806012.85, "trend": 14.803332, "fair_value": 19.719701, "relative_strength": -8.543989, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.981493, "energy": 55.305556, "activity_lines": [ 16.084777, 15.772931, 15.265254, 14.976371 ] }, { "date": "2025-01-03", "close": 14.989252, "volume": 25891033, "typical_volume": 22571158.45, "trend": 14.774585, "fair_value": 19.689872, "relative_strength": -8.252179, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.791493, "energy": 41.205821, "activity_lines": [ 15.756057, 15.668451, 15.287127, 14.988366 ] }, { "date": "2025-01-10", "close": 14.061213, "volume": 19951976, "typical_volume": 23163632.6, "trend": 14.718028, "fair_value": 19.645197, "relative_strength": -12.277888, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 13.894557, "energy": 11.263509, "activity_lines": [ 15.151737, 15.391147, 15.214678, 14.942342 ] }, { "date": "2025-01-17", "close": 14.651784, "volume": 22256581, "typical_volume": 23856996.35, "trend": 14.703029, "fair_value": 19.611221, "relative_strength": -10.110938, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 17.269145, "energy": 19.899629, "activity_lines": [ 14.835517, 15.240479, 15.195841, 14.938068 ] }, { "date": "2025-01-24", "close": 14.614287, "volume": 17543123, "typical_volume": 24340255.45, "trend": 14.691155, "fair_value": 19.570318, "relative_strength": -10.060763, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.303315, "energy": 23.392188, "activity_lines": [ 14.649284, 15.109242, 15.16995, 14.932343 ] }, { "date": "2025-01-31", "close": 14.698656, "volume": 3067220, "typical_volume": 24040727.55, "trend": 14.694592, "fair_value": 19.528199, "relative_strength": -9.00186, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.751751, "energy": 23.715951, "activity_lines": [ 14.601164, 15.006638, 15.146292, 14.932826 ] }, { "date": "2025-02-07", "close": 14.41743, "volume": 12460151, "typical_volume": 24269511.75, "trend": 14.686156, "fair_value": 19.480367, "relative_strength": -11.752482, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.708078, "energy": 27.536218, "activity_lines": [ 14.539294, 14.848129, 15.085271, 14.914945 ] }, { "date": "2025-02-14", "close": 14.333063, "volume": 21784411, "typical_volume": 24244846.05, "trend": 14.674594, "fair_value": 19.430522, "relative_strength": -12.851454, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.565244, "energy": 28.951919, "activity_lines": [ 14.487424, 14.693882, 15.00693, 14.892165 ] }, { "date": "2025-02-21", "close": 14.201825, "volume": 19167022, "typical_volume": 24607440.2, "trend": 14.674907, "fair_value": 19.389355, "relative_strength": -14.003722, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.071724, "energy": 29.030495, "activity_lines": [ 14.373684, 14.535715, 14.918947, 14.861664 ] }, { "date": "2025-02-28", "close": 14.483049, "volume": 21551552, "typical_volume": 24033966.85, "trend": 14.679594, "fair_value": 19.3556, "relative_strength": -10.347122, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.198511, "energy": 22.847781, "activity_lines": [ 14.383683, 14.47572, 14.867835, 14.849286 ] }, { "date": "2025-03-07", "close": 14.464301, "volume": 17967002, "typical_volume": 24106918.45, "trend": 14.670219, "fair_value": 19.319119, "relative_strength": -11.493119, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.018943, "energy": 21.840791, "activity_lines": [ 14.396182, 14.444701, 14.814849, 14.835396 ] }, { "date": "2025-03-14", "close": 15.326723, "volume": 21987313, "typical_volume": 24533529.7, "trend": 14.723027, "fair_value": 19.283633, "relative_strength": -7.143449, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 5.991282, "energy": 6.032846, "activity_lines": [ 14.711779, 14.596562, 14.843329, 14.877751 ] }, { "date": "2025-03-21", "close": 15.261104, "volume": 22457943, "typical_volume": 24490480.95, "trend": 14.781459, "fair_value": 19.25124, "relative_strength": -5.735508, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.686487, "energy": 16.012562, "activity_lines": [ 14.944883, 14.730357, 14.862881, 14.912466 ] }, { "date": "2025-03-28", "close": 15.07362, "volume": 20517822, "typical_volume": 23875542.85, "trend": 14.819893, "fair_value": 19.219401, "relative_strength": -6.240975, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.683188, "energy": 17.85623, "activity_lines": [ 15.053622, 14.808247, 14.863907, 14.931315 ] }, { "date": "2025-04-04", "close": 15.017376, "volume": 12408328, "typical_volume": 23473103.45, "trend": 14.873951, "fair_value": 19.192132, "relative_strength": -6.029891, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.766612, "energy": 24.635407, "activity_lines": [ 15.085495, 14.868242, 14.864443, 14.944055 ] }, { "date": "2025-04-11", "close": 14.717403, "volume": 28385076, "typical_volume": 23941155.5, "trend": 14.948632, "fair_value": 19.169911, "relative_strength": -4.556115, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.483951, "energy": 9.575621, "activity_lines": [ 14.981754, 14.866367, 14.837972, 14.933956 ] }, { "date": "2025-04-18", "close": 15.345471, "volume": 28552333, "typical_volume": 24117183.1, "trend": 15.04456, "fair_value": 19.150242, "relative_strength": -1.355853, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.888358, "energy": 14.066553, "activity_lines": [ 15.070496, 14.978345, 14.869978, 14.959558 ] }, { "date": "2025-04-25", "close": 15.232981, "volume": 20761562, "typical_volume": 23449295.95, "trend": 15.054559, "fair_value": 19.122541, "relative_strength": -2.349724, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.052913, "energy": 12.108214, "activity_lines": [ 15.120491, 15.052998, 14.891985, 14.971714 ] }, { "date": "2025-05-02", "close": 14.539294, "volume": 10417350, "typical_volume": 20190544.9, "trend": 14.99519, "fair_value": 19.096401, "relative_strength": -5.981204, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.090629, "energy": 14.081971, "activity_lines": [ 14.941133, 14.985163, 14.848864, 14.938471 ] }, { "date": "2025-05-09", "close": 14.754899, "volume": 10775989, "typical_volume": 18959218.35, "trend": 15.004876, "fair_value": 19.061726, "relative_strength": -6.053446, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.584657, "energy": 12.552018, "activity_lines": [ 14.869264, 14.950393, 14.83699, 14.922969 ] }, { "date": "2025-05-16", "close": 14.829893, "volume": 11854290, "typical_volume": 18487903.85, "trend": 15.02175, "fair_value": 19.027362, "relative_strength": -5.965933, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.693106, "energy": 16.044226, "activity_lines": [ 14.839892, 14.924316, 14.839445, 14.911679 ] }, { "date": "2025-05-23", "close": 15.223607, "volume": 47724870, "typical_volume": 19579595.7, "trend": 15.037061, "fair_value": 19.001528, "relative_strength": -2.631873, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.758633, "energy": 10.910947, "activity_lines": [ 14.934258, 14.963176, 14.884486, 14.924703 ] }, { "date": "2025-05-30", "close": 15.561695, "volume": 22242193, "typical_volume": 19694106.55, "trend": 15.051768, "fair_value": 18.974575, "relative_strength": -0.185773, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.846499, "energy": 17.171713, "activity_lines": [ 15.149445, 15.065382, 14.960609, 14.95855 ] }, { "date": "2025-06-06", "close": 15.581012, "volume": 15209061, "typical_volume": 19341730.55, "trend": 15.034622, "fair_value": 18.945536, "relative_strength": -0.937443, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.755218, "energy": 31.235141, "activity_lines": [ 15.349156, 15.165634, 15.031427, 14.992695 ] }, { "date": "2025-06-13", "close": 15.078712, "volume": 17674009, "typical_volume": 19348274.85, "trend": 15.02573, "fair_value": 18.91594, "relative_strength": -3.601961, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.305576, "energy": 29.702263, "activity_lines": [ 15.311987, 15.165334, 15.049982, 14.995539 ] }, { "date": "2025-06-20", "close": 14.904838, "volume": 11840825, "typical_volume": 19786955.1, "trend": 15.041352, "fair_value": 18.882793, "relative_strength": -3.989007, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.03127, "energy": 20.227223, "activity_lines": [ 15.195271, 15.132305, 15.049766, 14.98774 ] }, { "date": "2025-06-27", "close": 15.078712, "volume": 10835246, "typical_volume": 19705709.85, "trend": 15.02746, "fair_value": 18.844675, "relative_strength": -4.438683, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.870146, "energy": 8.574711, "activity_lines": [ 15.131518, 15.127482, 15.065128, 14.99015 ] }, { "date": "2025-07-04", "close": 14.991775, "volume": 9654090, "typical_volume": 19099193.8, "trend": 15.012858, "fair_value": 18.810153, "relative_strength": -6.058468, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.023096, "energy": 5.062031, "activity_lines": [ 15.048445, 15.111702, 15.069061, 14.987848 ] }, { "date": "2025-07-11", "close": 15.37816, "volume": 10140561, "typical_volume": 18647870.75, "trend": 14.965827, "fair_value": 18.778453, "relative_strength": -4.454147, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 37.698348, "energy": 16.474815, "activity_lines": [ 15.132162, 15.170559, 15.106656, 15.011416 ] }, { "date": "2025-07-18", "close": 15.233267, "volume": 9624239, "typical_volume": 18051505.1, "trend": 14.931465, "fair_value": 18.743345, "relative_strength": -5.763186, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 34.259486, "energy": 16.273865, "activity_lines": [ 15.181104, 15.18782, 15.12485, 15.02867 ] }, { "date": "2025-07-25", "close": 15.4168, "volume": 16027661, "typical_volume": 17954538.05, "trend": 14.915407, "fair_value": 18.701801, "relative_strength": -5.953252, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 51.064347, "energy": 34.254074, "activity_lines": [ 15.280921, 15.229754, 15.156951, 15.059982 ] }, { "date": "2025-08-01", "close": 15.291224, "volume": 15248566, "typical_volume": 17617600.7, "trend": 14.925472, "fair_value": 18.665507, "relative_strength": -5.580938, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 48.296856, "energy": 37.654335, "activity_lines": [ 15.304748, 15.238184, 15.172556, 15.084228 ] }, { "date": "2025-08-08", "close": 15.561695, "volume": 12068479, "typical_volume": 17098127.5, "trend": 14.975489, "fair_value": 18.634637, "relative_strength": -5.5503, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 57.664531, "energy": 43.268281, "activity_lines": [ 15.404564, 15.294561, 15.21409, 15.125275 ] }, { "date": "2025-08-15", "close": 15.619652, "volume": 16007055, "typical_volume": 16872589.15, "trend": 15.007751, "fair_value": 18.604024, "relative_strength": -6.562312, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.468959, "energy": 47.31915, "activity_lines": [ 15.485705, 15.361476, 15.259711, 15.166834 ] }, { "date": "2025-08-22", "close": 16.237869, "volume": 25139056, "typical_volume": 17509125.55, "trend": 15.06187, "fair_value": 18.57576, "relative_strength": -5.943867, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.41084, "energy": 71.192623, "activity_lines": [ 15.756819, 15.540092, 15.361611, 15.246196 ] }, { "date": "2025-08-29", "close": 16.421404, "volume": 31121802, "typical_volume": 17645961.85, "trend": 15.119295, "fair_value": 18.545153, "relative_strength": -5.415396, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.951858, "energy": 81.066188, "activity_lines": [ 16.022138, 15.731002, 15.475178, 15.333908 ] }, { "date": "2025-09-05", "close": 17.010641, "volume": 39422943, "typical_volume": 18189492.35, "trend": 15.205735, "fair_value": 18.516479, "relative_strength": -0.692505, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.844473, "energy": 92.073798, "activity_lines": [ 16.416895, 16.001472, 15.636749, 15.45593 ] }, { "date": "2025-09-12", "close": 16.952682, "volume": 41898034, "typical_volume": 19246315.95, "trend": 15.293056, "fair_value": 18.489336, "relative_strength": -2.418202, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.654441, "energy": 92.216396, "activity_lines": [ 16.677705, 16.226278, 15.784871, 15.568637 ] }, { "date": "2025-09-19", "close": 16.604935, "volume": 38986123, "typical_volume": 20674754.6, "trend": 15.37316, "fair_value": 18.461752, "relative_strength": -3.069422, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.609258, "energy": 81.42364, "activity_lines": [ 16.729867, 16.352204, 15.891684, 15.653274 ] }, { "date": "2025-09-26", "close": 15.648631, "volume": 27242229, "typical_volume": 21498066.6, "trend": 15.412013, "fair_value": 18.427922, "relative_strength": -8.549473, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.743025, "energy": 47.833207, "activity_lines": [ 16.397575, 16.281952, 15.897585, 15.671046 ] }, { "date": "2025-10-03", "close": 15.581012, "volume": 6876245, "typical_volume": 21249164.35, "trend": 15.449236, "fair_value": 18.40081, "relative_strength": -9.886106, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 35.048066, "energy": 23.506954, "activity_lines": [ 16.082026, 16.191854, 15.89279, 15.681949 ] }, { "date": "2025-10-10", "close": 15.455438, "volume": 8103037, "typical_volume": 19268072.7, "trend": 15.453527, "fair_value": 18.37618, "relative_strength": -10.735242, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.636322, "energy": 21.163719, "activity_lines": [ 15.780646, 16.075938, 15.872459, 15.68235 ] }, { "date": "2025-10-17", "close": 15.513395, "volume": 16347762, "typical_volume": 18973351.15, "trend": 15.461936, "fair_value": 18.35319, "relative_strength": -8.925504, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.428736, "energy": 25.189941, "activity_lines": [ 15.602264, 15.967574, 15.856543, 15.686212 ] }, { "date": "2025-10-24", "close": 15.484418, "volume": 13995071, "typical_volume": 18912651.65, "trend": 15.47563, "fair_value": 18.327823, "relative_strength": -11.426794, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.938641, "energy": 23.071479, "activity_lines": [ 15.510176, 15.85482, 15.838098, 15.687662 ] }, { "date": "2025-10-31", "close": 16.431063, "volume": 27012737, "typical_volume": 19379588.05, "trend": 15.522753, "fair_value": 18.306622, "relative_strength": -5.927593, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.59577, "energy": 20.172998, "activity_lines": [ 15.808337, 15.916642, 15.910269, 15.749303 ] }, { "date": "2025-11-07", "close": 16.363445, "volume": 30955111, "typical_volume": 20335302.35, "trend": 15.577621, "fair_value": 18.285333, "relative_strength": -7.086824, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.197455, "energy": 20.882681, "activity_lines": [ 16.031797, 15.962657, 15.969561, 15.803541 ] }, { "date": "2025-11-14", "close": 16.585617, "volume": 25362674, "typical_volume": 21061673.75, "trend": 15.618959, "fair_value": 18.268005, "relative_strength": -5.472526, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.547808, "energy": 36.040805, "activity_lines": [ 16.277152, 16.050121, 16.043067, 15.868574 ] }, { "date": "2025-11-21", "close": 16.054338, "volume": 19644028, "typical_volume": 21561170.65, "trend": 15.646337, "fair_value": 18.236834, "relative_strength": -4.691114, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.283117, "energy": 31.834803, "activity_lines": [ 16.270069, 16.048716, 16.058798, 15.896662 ] }, { "date": "2025-11-28", "close": 16.904385, "volume": 23348903, "typical_volume": 22221587.75, "trend": 15.725174, "fair_value": 18.211861, "relative_strength": -0.895706, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.127475, "energy": 59.333029, "activity_lines": [ 16.510272, 16.218199, 16.150427, 15.977827 ] }, { "date": "2025-12-05", "close": 17.30043, "volume": 26663044, "typical_volume": 23073528.0, "trend": 15.810025, "fair_value": 18.188677, "relative_strength": 1.101114, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.960817, "energy": 69.938034, "activity_lines": [ 16.787826, 16.454246, 16.272506, 16.079456 ] }, { "date": "2025-12-12", "close": 16.440723, "volume": 19116433, "typical_volume": 23227966.6, "trend": 15.863719, "fair_value": 18.170363, "relative_strength": -3.283775, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.493799, "energy": 51.09937, "activity_lines": [ 16.720852, 16.503949, 16.302865, 16.120146 ] }, { "date": "2025-12-19", "close": 17.889669, "volume": 24843587, "typical_volume": 23707717.65, "trend": 15.952588, "fair_value": 18.146228, "relative_strength": 5.317003, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.267642, "energy": 76.533128, "activity_lines": [ 17.131709, 16.801466, 16.466343, 16.250853 ] }, { "date": "2025-12-26", "close": 17.358389, "volume": 16750354, "typical_volume": 23941811.4, "trend": 16.012478, "fair_value": 18.114016, "relative_strength": 0.432493, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.330969, "energy": 71.793795, "activity_lines": [ 17.278536, 16.958128, 16.56685, 16.34155 ] }, { "date": "2026-01-02", "close": 17.12772, "volume": 9849890, "typical_volume": 23633953.15, "trend": 16.064035, "fair_value": 18.075365, "relative_strength": -0.87714, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.332345, "energy": 54.916454, "activity_lines": [ 17.261536, 17.039305, 16.636832, 16.413501 ] }, { "date": "2026-01-09", "close": 17.079145, "volume": 18296904, "typical_volume": 23291845.55, "trend": 16.130716, "fair_value": 18.036403, "relative_strength": -4.671247, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.440515, "energy": 52.787516, "activity_lines": [ 17.213456, 17.081772, 16.695007, 16.478992 ] }, { "date": "2026-01-16", "close": 16.816837, "volume": 21539921, "typical_volume": 22812751.5, "trend": 16.194449, "fair_value": 17.995298, "relative_strength": -5.536298, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.473785, "energy": 32.223996, "activity_lines": [ 17.092691, 17.064763, 16.724193, 16.523258 ] }, { "date": "2026-01-23", "close": 17.360884, "volume": 20900262, "typical_volume": 21886617.45, "trend": 16.270521, "fair_value": 17.961256, "relative_strength": -3.16092, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.347707, "energy": 27.705256, "activity_lines": [ 17.128202, 17.138428, 16.803311, 16.598512 ] }, { "date": "2026-01-30", "close": 17.574615, "volume": 24210585, "typical_volume": 21002245.0, "trend": 16.356616, "fair_value": 17.922759, "relative_strength": -1.423986, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.411547, "energy": 35.037242, "activity_lines": [ 17.270209, 17.236858, 16.901117, 16.682647 ] }, { "date": "2026-02-06", "close": 18.070086, "volume": 33340913, "typical_volume": 20719984.5, "trend": 16.446347, "fair_value": 17.890322, "relative_strength": 2.623846, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.669509, "energy": 43.219717, "activity_lines": [ 17.562957, 17.397732, 17.043148, 16.793193 ] }, { "date": "2026-02-13", "close": 17.292877, "volume": 22229972, "typical_volume": 20469371.65, "trend": 16.515001, "fair_value": 17.853653, "relative_strength": -2.166655, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.339362, "energy": 38.610327, "activity_lines": [ 17.533812, 17.3961, 17.104183, 16.847808 ] }, { "date": "2026-02-27", "close": 17.254017, "volume": 16758021, "typical_volume": 20963460.45, "trend": 16.576241, "fair_value": 17.816792, "relative_strength": -4.256626, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.576154, "energy": 34.808698, "activity_lines": [ 17.477464, 17.387541, 17.153687, 16.895486 ] }, { "date": "2026-03-06", "close": 16.719687, "volume": 22662443, "typical_volume": 21691430.75, "trend": 16.623857, "fair_value": 17.758686, "relative_strength": -6.223393, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 30.718293, "energy": 18.15083, "activity_lines": [ 17.213861, 17.267043, 17.144336, 16.904741 ] }, { "date": "2026-03-13", "close": 16.185356, "volume": 22646554, "typical_volume": 22006370.35, "trend": 16.644645, "fair_value": 17.699808, "relative_strength": -8.445975, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -2.1168, "energy": 11.301591, "activity_lines": [ 16.814895, 17.070667, 17.078076, 16.876451 ] }, { "date": "2026-03-20", "close": 15.845327, "volume": 17291130, "typical_volume": 22171173.3, "trend": 16.652168, "fair_value": 17.639153, "relative_strength": -7.036755, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.2408, "energy": 30.345462, "activity_lines": [ 16.395202, 16.833795, 16.976232, 16.824882 ] }, { "date": "2026-03-27", "close": 15.359573, "volume": 17316486, "typical_volume": 21686360.75, "trend": 16.622891, "fair_value": 17.575212, "relative_strength": -8.6398, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -39.968628, "energy": 55.608646, "activity_lines": [ 15.961909, 16.53192, 16.826408, 16.741489 ] }, { "date": "2026-04-03", "close": 14.893249, "volume": 18139060, "typical_volume": 21045558.2, "trend": 16.571953, "fair_value": 17.509954, "relative_strength": -10.381219, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.396658, "energy": 68.085667, "activity_lines": [ 15.502061, 16.176524, 16.637274, 16.629899 ] }, { "date": "2026-04-10", "close": 15.00983, "volume": 12672540, "typical_volume": 20411051.5, "trend": 16.505259, "fair_value": 17.445213, "relative_strength": -11.796013, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.476415, "energy": 71.406725, "activity_lines": [ 15.238458, 15.877299, 16.466244, 16.529117 ] }, { "date": "2026-04-17", "close": 14.893249, "volume": 12828301, "typical_volume": 20070265.15, "trend": 16.436611, "fair_value": 17.369747, "relative_strength": -13.551187, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -71.893232, "energy": 80.926482, "activity_lines": [ 15.049986, 15.599624, 16.291614, 16.425116 ] }, { "date": "2026-04-24", "close": 14.990399, "volume": 12140700, "typical_volume": 19509855.0, "trend": 16.382793, "fair_value": 17.291674, "relative_strength": -13.198489, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.824436, "energy": 76.610996, "activity_lines": [ 14.980037, 15.388365, 16.131766, 16.331812 ] }, { "date": "2026-05-01", "close": 15.077835, "volume": 19741216, "typical_volume": 19163763.6, "trend": 16.363767, "fair_value": 17.226215, "relative_strength": -12.999111, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.303585, "energy": 65.569594, "activity_lines": [ 14.996228, 15.248998, 15.98936, 16.247621 ] }, { "date": "2026-05-08", "close": 14.757236, "volume": 12376566, "typical_volume": 18826770.25, "trend": 16.336308, "fair_value": 17.156279, "relative_strength": -15.883252, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.381212, "energy": 61.556599, "activity_lines": [ 14.924336, 15.091613, 15.827004, 16.143974 ] }, { "date": "2026-05-15", "close": 14.11604, "volume": 20073583, "typical_volume": 18588270.05, "trend": 16.291661, "fair_value": 17.069776, "relative_strength": -18.296086, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.413533, "energy": 75.761602, "activity_lines": [ 14.64778, 14.863043, 15.611598, 16.000731 ] }, { "date": "2026-05-22", "close": 13.727436, "volume": 14806405, "typical_volume": 18491072.6, "trend": 16.232129, "fair_value": 16.984472, "relative_strength": -19.71684, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.587617, "energy": 88.366749, "activity_lines": [ 14.301274, 14.611157, 15.377153, 15.835297 ] }, { "date": "2026-05-29", "close": 14.03, "volume": 15298802, "typical_volume": 18763518.2, "trend": 16.183649, "fair_value": 16.907049, "relative_strength": -16.629802, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.472547, "energy": 85.075488, "activity_lines": [ 14.133345, 14.458972, 15.188813, 15.693224 ] }, { "date": "2026-06-05", "close": 14.52, "volume": 4013260, "typical_volume": 18049336.0, "trend": 16.119946, "fair_value": 16.831958, "relative_strength": -12.418343, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.269373, "energy": 80.552293, "activity_lines": [ 14.192775, 14.428884, 15.06189, 15.585892 ] }, { "date": "2026-06-12", "close": 14.17, "volume": 2520367, "typical_volume": 17098358.3, "trend": 16.046832, "fair_value": 16.760046, "relative_strength": -14.173409, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.733517, "energy": 66.001316, "activity_lines": [ 14.172727, 14.350424, 14.913821, 15.460089 ] }, { "date": "2026-06-19", "close": 13.23, "volume": 12859251, "typical_volume": 16696307.75, "trend": 15.934978, "fair_value": 16.677458, "relative_strength": -20.562992, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.26167, "energy": 67.856555, "activity_lines": [ 13.878496, 14.114206, 14.688832, 15.278358 ] }, { "date": "2026-06-26", "close": 12.67, "volume": 2980640, "typical_volume": 15634810.5, "trend": 15.822166, "fair_value": 16.593386, "relative_strength": -22.257566, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.826571, "energy": 80.646656, "activity_lines": [ 13.456667, 13.808529, 14.430181, 15.067714 ] }, { "date": "2026-07-03", "close": 13.32, "volume": 2811400, "typical_volume": 14108334.85, "trend": 15.702687, "fair_value": 16.506406, "relative_strength": -18.168794, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.392555, "energy": 79.271472, "activity_lines": [ 13.322, 13.661458, 14.256789, 14.906284 ] }, { "date": "2026-07-10", "close": 13.2, "volume": 14036953, "typical_volume": 13698683.9, "trend": 15.566006, "fair_value": 16.421404, "relative_strength": -17.54291, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.08627, "energy": 80.396156, "activity_lines": [ 13.194667, 13.522939, 14.094589, 14.74482 ] }, { "date": "2026-07-17", "close": 13.45, "volume": 18412186, "typical_volume": 13781392.15, "trend": 15.466315, "fair_value": 16.342391, "relative_strength": -10.455386, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.728204, "energy": 61.906876, "activity_lines": [ 13.238667, 13.464017, 13.975688, 14.608304 ] }, { "date": "2026-07-24", "close": 12.89, "volume": 18685355, "typical_volume": 13582537.75, "trend": 15.29966, "fair_value": 16.260021, "relative_strength": -14.928105, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.20528, "energy": 58.639901, "activity_lines": [ 13.144, 13.327044, 13.821567, 14.44209 ] }, { "date": "2026-07-31", "close": 14.17, "volume": 22430053, "typical_volume": 13571712.7, "trend": 15.19338, "fair_value": 16.199246, "relative_strength": -6.653412, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.534311, "energy": 36.586919, "activity_lines": [ 13.498667, 13.445091, 13.807589, 14.369209 ] }, { "date": "2026-08-07", "close": 13.54, "volume": 16300356, "typical_volume": 13522174.0, "trend": 15.073789, "fair_value": 16.141273, "relative_strength": -12.880228, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.62591, "energy": 28.796097, "activity_lines": [ 13.543333, 13.440545, 13.743207, 14.262539 ] } ], "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." } } }