{ "ticker": { "uuid": "3266cee1-487b-40cd-98af-3f5333b4d55a", "symbol": "600419", "name": "Xinjiang Tianrun Dairy Co., Ltd.", "exchange": "SHH", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "000001.SS", "stage": 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": -37.996, "architecture_energy": 21.855, "architecture_maturity": 100.0, "architecture_confidence": 76.319, "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": 33.24, "rotation_up": 27.6, "upward_expansion": 19.98, "deceleration": 47.0, "rotation_down": 27.06, "downward_expansion": 58.64 }, "activity_lines": [ 8.254667, 8.075091, 8.338883, 8.637769 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 8.55, "trend_reference": 9.04616, "distance_from_trend": -0.054848, "trend_direction": "Weakening", "fair_value": 9.916905, "distance_from_fair_value": -0.137836, "fair_value_direction": "Weakening", "relative_strength": -10.192998, "relative_strength_direction": "Improving", "price_momentum": -0.143913, "excess_performance": -0.100709, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.054848, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.064159, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.137836, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.040507, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.10193, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.022204, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.143913, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.601149, "read": "Supply-led" } ], "volume": { "latest": 44373267, "relative_activity": 1.860361, "balance": 0.601149, "dry_up": 1.991405, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.072129, "annualized_volatility": 0.297188, "from_high_reference": -0.277451, "from_low_reference": 0.147651 }, "levels": { "trend_reference": 9.04616, "fair_value_reference": 9.916905, "structural_low": 7.45, "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": 28, "median_return": 0.007435, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.008591, "regime_survival": 0.821429, "best_return": 0.252793, "worst_return": -0.136211, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.042349, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.045761, "regime_survival": 0.6, "best_return": 0.398045, "worst_return": -0.198255, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.084044, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.087977, "regime_survival": 0.5, "best_return": 0.441176, "worst_return": -0.279304, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.04957, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.083479, "regime_survival": 0.5, "best_return": 0.492003, "worst_return": -0.448431, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-06-16", "end": "2023-07-07", "tenure": "New", "return": -0.08849, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-07-14", "end": "2023-08-18", "tenure": "Developing", "return": -0.087011, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-08-25", "end": "2024-09-27", "tenure": "Extended", "return": -0.35984, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-04", "end": "2024-11-29", "tenure": "Developing", "return": 0.09922, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-06", "end": "2025-01-10", "tenure": "Developing", "return": -0.160839, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-17", "end": "2025-03-14", "tenure": "Developing", "return": 0.227734, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-21", "end": "2025-05-16", "tenure": "Developing", "return": -0.054134, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-07-25", "tenure": "Developing", "return": 0.182304, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-01", "end": "2025-09-19", "tenure": "Developing", "return": -0.032015, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-26", "end": "2025-10-31", "tenure": "Developing", "return": -0.042157, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-07", "end": "2025-12-05", "tenure": "Developing", "return": -0.011156, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-12", "end": "2026-01-23", "tenure": "Developing", "return": 0.087049, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-30", "end": "2026-03-13", "tenure": "Developing", "return": -0.038961, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-20", "end": "2026-08-07", "tenure": "Established", "return": -0.053101, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 16.250555, "volume": 25523284, "typical_volume": 25140802.55, "trend": 16.698888, "fair_value": 13.897482, "relative_strength": 3.213203, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.871904, "energy": 50.100282, "activity_lines": [ 15.934218, 16.286596, 16.982245, 16.93504 ] }, { "date": "2023-08-04", "close": 15.800508, "volume": 23513549, "typical_volume": 25496353.95, "trend": 16.719572, "fair_value": 13.912146, "relative_strength": -0.472568, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.9187, "energy": 38.894569, "activity_lines": [ 15.907476, 16.114821, 16.861697, 16.87708 ] }, { "date": "2023-08-11", "close": 15.291761, "volume": 15538611, "typical_volume": 24908374.85, "trend": 16.728139, "fair_value": 13.924822, "relative_strength": -1.130711, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.961041, "energy": 40.763651, "activity_lines": [ 15.715717, 15.891543, 16.691217, 16.784963 ] }, { "date": "2023-08-18", "close": 14.372103, "volume": 21896132, "typical_volume": 24853993.5, "trend": 16.724445, "fair_value": 13.926144, "relative_strength": -5.771998, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -82.362314, "energy": 69.742948, "activity_lines": [ 15.248061, 15.563621, 16.433909, 16.632961 ] }, { "date": "2023-08-25", "close": 12.924131, "volume": 32119987, "typical_volume": 25647873.25, "trend": 16.622466, "fair_value": 13.914484, "relative_strength": -13.627713, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -91.582512, "energy": 91.041549, "activity_lines": [ 14.389061, 15.027604, 16.047525, 16.387779 ] }, { "date": "2023-09-01", "close": 13.70682, "volume": 48807952, "typical_volume": 27083430.85, "trend": 16.5327, "fair_value": 13.911298, "relative_strength": -10.739368, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.082409, "energy": 88.796104, "activity_lines": [ 13.982064, 14.713106, 15.750113, 16.199673 ] }, { "date": "2023-09-08", "close": 13.237206, "volume": 26028253, "typical_volume": 26561866.05, "trend": 16.435671, "fair_value": 13.894123, "relative_strength": -13.457952, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.424282, "energy": 91.34738, "activity_lines": [ 13.588111, 14.365344, 15.420891, 15.987061 ] }, { "date": "2023-09-15", "close": 13.168721, "volume": 18126478, "typical_volume": 23515994.3, "trend": 16.317965, "fair_value": 13.866622, "relative_strength": -13.949473, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.204943, "energy": 89.877574, "activity_lines": [ 13.342217, 14.05298, 15.110349, 15.77629 ] }, { "date": "2023-09-22", "close": 13.217639, "volume": 19890368, "typical_volume": 23728370.3, "trend": 16.205117, "fair_value": 13.843134, "relative_strength": -14.131564, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.064156, "energy": 86.522233, "activity_lines": [ 13.254165, 13.796472, 14.831838, 15.576269 ] }, { "date": "2023-09-29", "close": 13.012184, "volume": 13828083, "typical_volume": 22957103.35, "trend": 16.06993, "fair_value": 13.829612, "relative_strength": -14.757981, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.884871, "energy": 85.397766, "activity_lines": [ 13.174591, 13.548503, 14.562329, 15.370273 ] }, { "date": "2023-10-13", "close": 12.503436, "volume": 18086431, "typical_volume": 22537732.55, "trend": 15.951992, "fair_value": 13.813374, "relative_strength": -17.283547, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.850875, "energy": 78.582706, "activity_lines": [ 12.919565, 13.258552, 14.272992, 15.140176 ] }, { "date": "2023-10-20", "close": 11.975121, "volume": 16457588, "typical_volume": 22763042.1, "trend": 15.834837, "fair_value": 13.793386, "relative_strength": -17.799982, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.781338, "energy": 75.409829, "activity_lines": [ 12.56866, 12.940674, 13.962588, 14.883604 ] }, { "date": "2023-10-27", "close": 11.945771, "volume": 34059100, "typical_volume": 23686437.45, "trend": 15.717995, "fair_value": 13.776789, "relative_strength": -18.708993, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.221536, "energy": 76.446403, "activity_lines": [ 12.29211, 12.687012, 13.678342, 14.632697 ] }, { "date": "2023-11-03", "close": 12.072958, "volume": 24221036, "typical_volume": 23874691.35, "trend": 15.579576, "fair_value": 13.759915, "relative_strength": -17.913718, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.079393, "energy": 72.175273, "activity_lines": [ 12.139486, 12.517311, 13.438529, 14.397533 ] }, { "date": "2023-11-10", "close": 11.975121, "volume": 16636952, "typical_volume": 23417550.2, "trend": 15.446932, "fair_value": 13.738289, "relative_strength": -18.632877, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.612329, "energy": 68.350003, "activity_lines": [ 12.030562, 12.371624, 13.214797, 14.164987 ] }, { "date": "2023-11-17", "close": 12.278415, "volume": 19100367, "typical_volume": 23413287.25, "trend": 15.308907, "fair_value": 13.722368, "relative_strength": -16.684115, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.564888, "energy": 64.452402, "activity_lines": [ 12.091873, 12.298336, 13.045215, 13.960567 ] }, { "date": "2023-11-24", "close": 12.386033, "volume": 17482355, "typical_volume": 22860045.5, "trend": 15.104121, "fair_value": 13.713749, "relative_strength": -15.365548, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.870851, "energy": 60.978085, "activity_lines": [ 12.204058, 12.270587, 12.906334, 13.771994 ] }, { "date": "2023-12-01", "close": 12.337115, "volume": 16331089, "typical_volume": 22663606.0, "trend": 14.884795, "fair_value": 13.705787, "relative_strength": -15.263376, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.867302, "energy": 55.761275, "activity_lines": [ 12.272543, 12.249418, 12.77938, 13.593478 ] }, { "date": "2023-12-08", "close": 12.082742, "volume": 73614307, "typical_volume": 25483356.95, "trend": 14.646987, "fair_value": 13.694617, "relative_strength": -15.164986, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.875958, "energy": 55.005767, "activity_lines": [ 12.230148, 12.197121, 12.64446, 13.4127 ] }, { "date": "2023-12-15", "close": 11.759883, "volume": 30622599, "typical_volume": 25594226.05, "trend": 14.404871, "fair_value": 13.681317, "relative_strength": -16.366493, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.244822, "energy": 62.744855, "activity_lines": [ 12.079481, 12.106756, 12.496215, 13.226436 ] }, { "date": "2023-12-22", "close": 11.378324, "volume": 18407685, "typical_volume": 25238446.1, "trend": 14.162622, "fair_value": 13.666117, "relative_strength": -18.002071, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.413814, "energy": 68.335624, "activity_lines": [ 11.815976, 11.969786, 12.330826, 13.031174 ] }, { "date": "2023-12-29", "close": 11.476158, "volume": 24202491, "typical_volume": 25272893.2, "trend": 13.943319, "fair_value": 13.649118, "relative_strength": -18.689722, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.389018, "energy": 66.622184, "activity_lines": [ 11.645089, 11.87106, 12.197955, 12.857854 ] }, { "date": "2024-01-05", "close": 11.329404, "volume": 13692340, "typical_volume": 25180579.65, "trend": 13.696534, "fair_value": 13.629479, "relative_strength": -18.103045, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.649828, "energy": 69.299115, "activity_lines": [ 11.485942, 11.754724, 12.0717, 12.689215 ] }, { "date": "2024-01-12", "close": 11.485942, "volume": 15017584, "typical_volume": 24836652.25, "trend": 13.499178, "fair_value": 13.604596, "relative_strength": -15.291367, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.105307, "energy": 62.974371, "activity_lines": [ 11.446155, 11.678056, 11.979222, 12.546596 ] }, { "date": "2024-01-19", "close": 10.90871, "volume": 14533595, "typical_volume": 23957332.65, "trend": 13.286776, "fair_value": 13.583899, "relative_strength": -17.831189, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.250041, "energy": 67.552663, "activity_lines": [ 11.253745, 11.50711, 11.845513, 12.379469 ] }, { "date": "2024-01-26", "close": 11.035897, "volume": 30302817, "typical_volume": 23032075.9, "trend": 13.102192, "fair_value": 13.56614, "relative_strength": -18.853025, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.201948, "energy": 60.669902, "activity_lines": [ 11.160474, 11.378678, 11.733514, 12.234251 ] }, { "date": "2024-02-02", "close": 9.539006, "volume": 24029389, "typical_volume": 22932132.7, "trend": 12.891193, "fair_value": 13.525077, "relative_strength": -24.799683, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.975733, "energy": 72.445579, "activity_lines": [ 10.591069, 11.000676, 11.491673, 12.004368 ] }, { "date": "2024-02-09", "close": 9.793381, "volume": 27479978, "typical_volume": 23399807.7, "trend": 12.692586, "fair_value": 13.492134, "relative_strength": -25.958543, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.360986, "energy": 71.628578, "activity_lines": [ 10.235599, 10.720687, 11.291668, 11.804509 ] }, { "date": "2024-02-23", "close": 10.17494, "volume": 22486848, "typical_volume": 23529631.7, "trend": 12.507024, "fair_value": 13.459939, "relative_strength": -26.149754, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.372782, "energy": 63.38778, "activity_lines": [ 10.109716, 10.556323, 11.144075, 11.64208 ] }, { "date": "2024-03-01", "close": 10.077105, "volume": 29207143, "typical_volume": 24298584.7, "trend": 12.31657, "fair_value": 13.434154, "relative_strength": -26.82677, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.009606, "energy": 61.521157, "activity_lines": [ 10.038622, 10.408857, 11.001654, 11.485311 ] }, { "date": "2024-03-08", "close": 9.891216, "volume": 22724048, "typical_volume": 24530465.55, "trend": 12.104592, "fair_value": 13.406024, "relative_strength": -28.066746, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.83622, "energy": 58.044645, "activity_lines": [ 9.961006, 10.25819, 10.855506, 11.328837 ] }, { "date": "2024-03-15", "close": 10.126023, "volume": 25548756, "typical_volume": 24985023.95, "trend": 11.915442, "fair_value": 13.378489, "relative_strength": -25.995307, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.523821, "energy": 51.356677, "activity_lines": [ 10.03797, 10.177253, 10.744159, 11.201187 ] }, { "date": "2024-03-22", "close": 10.165158, "volume": 22685652, "typical_volume": 24416351.55, "trend": 11.744555, "fair_value": 13.344169, "relative_strength": -25.023279, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.603255, "energy": 46.258506, "activity_lines": [ 10.088845, 10.127979, 10.645345, 11.088266 ] }, { "date": "2024-03-29", "close": 9.861866, "volume": 20480430, "typical_volume": 24229321.25, "trend": 11.594214, "fair_value": 13.316216, "relative_strength": -26.613011, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.904223, "energy": 46.228082, "activity_lines": [ 10.013838, 10.04473, 10.526125, 10.966802 ] }, { "date": "2024-04-05", "close": 10.184724, "volume": 12705739, "typical_volume": 24032760.6, "trend": 11.502901, "fair_value": 13.287116, "relative_strength": -24.440354, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.427907, "energy": 35.671534, "activity_lines": [ 10.067321, 10.049711, 10.448182, 10.875867 ] }, { "date": "2024-04-12", "close": 9.695544, "volume": 18717644, "typical_volume": 24013624.45, "trend": 11.369191, "fair_value": 13.260159, "relative_strength": -26.319141, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.319387, "energy": 43.242701, "activity_lines": [ 9.95057, 9.978913, 10.332177, 10.759263 ] }, { "date": "2024-04-19", "close": 9.27485, "volume": 24419969, "typical_volume": 24360505.15, "trend": 11.237113, "fair_value": 13.229898, "relative_strength": -30.022861, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.016117, "energy": 49.844405, "activity_lines": [ 9.706633, 9.855996, 10.188405, 10.624144 ] }, { "date": "2024-04-26", "close": 9.44117, "volume": 12432209, "typical_volume": 24165561.15, "trend": 11.112861, "fair_value": 13.197427, "relative_strength": -28.716818, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.292805, "energy": 48.910044, "activity_lines": [ 9.57488, 9.768121, 10.075288, 10.508277 ] }, { "date": "2024-05-03", "close": 9.2455, "volume": 12821259, "typical_volume": 21125908.75, "trend": 10.980457, "fair_value": 13.170982, "relative_strength": -29.727713, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.072488, "energy": 68.280588, "activity_lines": [ 9.426169, 9.651074, 9.957326, 10.387802 ] }, { "date": "2024-05-10", "close": 9.587925, "volume": 19998174, "typical_volume": 20594687.5, "trend": 10.866315, "fair_value": 13.147823, "relative_strength": -27.399647, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.685167, "energy": 70.482661, "activity_lines": [ 9.432692, 9.613184, 9.885486, 10.297961 ] }, { "date": "2024-05-17", "close": 9.548791, "volume": 12659136, "typical_volume": 20307260.05, "trend": 10.767826, "fair_value": 13.123321, "relative_strength": -26.763733, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.914255, "energy": 66.352687, "activity_lines": [ 9.465956, 9.577074, 9.820262, 10.21296 ] }, { "date": "2024-05-24", "close": 9.402036, "volume": 19002469, "typical_volume": 20047258.95, "trend": 10.682057, "fair_value": 13.099153, "relative_strength": -25.407205, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.544207, "energy": 55.876184, "activity_lines": [ 9.460086, 9.520507, 9.749774, 10.124844 ] }, { "date": "2024-05-31", "close": 9.079177, "volume": 9828766, "typical_volume": 19854080.25, "trend": 10.586504, "fair_value": 13.0734, "relative_strength": -26.97866, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.45879, "energy": 59.656469, "activity_lines": [ 9.338117, 9.418402, 9.658413, 10.021433 ] }, { "date": "2024-06-07", "close": 8.599781, "volume": 11991008, "typical_volume": 19702751.45, "trend": 10.470731, "fair_value": 13.045727, "relative_strength": -29.080134, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.386514, "energy": 73.883998, "activity_lines": [ 9.080482, 9.248879, 9.532112, 9.893257 ] }, { "date": "2024-06-14", "close": 8.736753, "volume": 7142340, "typical_volume": 19333188.7, "trend": 10.362786, "fair_value": 13.017355, "relative_strength": -26.469069, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.142071, "energy": 78.651898, "activity_lines": [ 8.911552, 9.127206, 9.432599, 9.781388 ] }, { "date": "2024-06-21", "close": 8.29649, "volume": 7156707, "typical_volume": 18175883.2, "trend": 10.230055, "fair_value": 12.986767, "relative_strength": -28.451136, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.774855, "energy": 89.805501, "activity_lines": [ 8.652613, 8.951813, 9.301498, 9.648078 ] }, { "date": "2024-06-28", "close": 7.797526, "volume": 11851772, "typical_volume": 17567002.35, "trend": 10.077105, "fair_value": 12.952253, "relative_strength": -31.149967, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.993851, "energy": 95.252405, "activity_lines": [ 8.310839, 8.711137, 9.135923, 9.491141 ] }, { "date": "2024-07-05", "close": 7.815526, "volume": 10853561, "typical_volume": 16735681.5, "trend": 9.926385, "fair_value": 12.918885, "relative_strength": -29.684839, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.813817, "energy": 92.476841, "activity_lines": [ 8.082033, 8.500593, 8.980354, 9.345233 ] }, { "date": "2024-07-12", "close": 7.546712, "volume": 16674408, "typical_volume": 16445059.5, "trend": 9.775184, "fair_value": 12.885828, "relative_strength": -31.749868, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.743685, "energy": 92.534941, "activity_lines": [ 7.847865, 8.270732, 8.808602, 9.191705 ] }, { "date": "2024-07-19", "close": 7.457107, "volume": 8001196, "typical_volume": 15384762.15, "trend": 9.631758, "fair_value": 12.852995, "relative_strength": -31.955851, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.241287, "energy": 92.043588, "activity_lines": [ 7.654034, 8.055465, 8.640832, 9.042152 ] }, { "date": "2024-07-26", "close": 7.287854, "volume": 9852384, "typical_volume": 14741178.95, "trend": 9.495409, "fair_value": 12.818954, "relative_strength": -30.546576, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.516283, "energy": 90.30186, "activity_lines": [ 7.489094, 7.848168, 8.469419, 8.890932 ] }, { "date": "2024-08-02", "close": 7.536756, "volume": 10889955, "typical_volume": 14008238.9, "trend": 9.364096, "fair_value": 12.787246, "relative_strength": -27.614677, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.975501, "energy": 74.064983, "activity_lines": [ 7.474364, 7.727233, 8.334107, 8.764568 ] }, { "date": "2024-08-09", "close": 7.666185, "volume": 8962000, "typical_volume": 13322056.3, "trend": 9.241988, "fair_value": 12.758455, "relative_strength": -24.335133, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.005606, "energy": 65.651747, "activity_lines": [ 7.520162, 7.663745, 8.223452, 8.655025 ] }, { "date": "2024-08-16", "close": 7.506888, "volume": 6699422, "typical_volume": 12633005.9, "trend": 9.109353, "fair_value": 12.728091, "relative_strength": -25.460699, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.825488, "energy": 63.542456, "activity_lines": [ 7.522818, 7.596985, 8.109526, 8.543083 ] }, { "date": "2024-08-23", "close": 7.277897, "volume": 12417356, "typical_volume": 12618586.75, "trend": 8.988326, "fair_value": 12.697917, "relative_strength": -26.188827, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.900221, "energy": 63.111611, "activity_lines": [ 7.451797, 7.508461, 7.985005, 8.424925 ] }, { "date": "2024-08-30", "close": 7.417283, "volume": 36106910, "typical_volume": 13488050.05, "trend": 8.867706, "fair_value": 12.673979, "relative_strength": -23.611868, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.063785, "energy": 53.708344, "activity_lines": [ 7.439186, 7.471805, 7.887601, 8.323567 ] }, { "date": "2024-09-06", "close": 7.128556, "volume": 11287200, "typical_volume": 12831411.6, "trend": 8.787357, "fair_value": 12.646962, "relative_strength": -23.854047, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.936874, "energy": 60.437876, "activity_lines": [ 7.321704, 7.398638, 7.773549, 8.211364 ] }, { "date": "2024-09-13", "close": 6.859742, "volume": 9249447, "typical_volume": 12672273.5, "trend": 8.689569, "fair_value": 12.616687, "relative_strength": -24.262261, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.059397, "energy": 65.298978, "activity_lines": [ 7.141831, 7.288759, 7.644115, 8.087001 ] }, { "date": "2024-09-20", "close": 6.979216, "volume": 8120592, "typical_volume": 12437240.15, "trend": 8.583045, "fair_value": 12.588467, "relative_strength": -23.115401, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.79832, "energy": 62.586204, "activity_lines": [ 7.055545, 7.21798, 7.538352, 7.976656 ] }, { "date": "2024-09-27", "close": 8.273507, "volume": 29976380, "typical_volume": 12936150.45, "trend": 8.522925, "fair_value": 12.568913, "relative_strength": -18.480354, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.47693, "energy": 31.766046, "activity_lines": [ 7.435868, 7.392845, 7.566647, 7.956686 ] }, { "date": "2024-10-04", "close": 8.930608, "volume": 18371562, "typical_volume": 13221771.75, "trend": 8.490905, "fair_value": 12.551544, "relative_strength": -17.830225, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 9.35184, "energy": 16.028292, "activity_lines": [ 7.96885, 7.67234, 7.663782, 7.982988 ] }, { "date": "2024-10-11", "close": 8.333243, "volume": 43136465, "typical_volume": 14428471.55, "trend": 8.431146, "fair_value": 12.526538, "relative_strength": -19.741643, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -0.304585, "energy": 23.363034, "activity_lines": [ 8.201823, 7.813354, 7.706969, 7.972816 ] }, { "date": "2024-10-18", "close": 8.183902, "volume": 25411432, "typical_volume": 15207604.85, "trend": 8.365104, "fair_value": 12.50168, "relative_strength": -21.518892, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -0.390639, "energy": 27.63415, "activity_lines": [ 8.304702, 7.912734, 7.741023, 7.956865 ] }, { "date": "2024-10-25", "close": 8.173945, "volume": 42910795, "typical_volume": 16753594.2, "trend": 8.30884, "fair_value": 12.474855, "relative_strength": -21.797267, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.411388, "energy": 30.87103, "activity_lines": [ 8.315986, 8.000891, 7.778391, 7.944532 ] }, { "date": "2024-11-01", "close": 9.109817, "volume": 73184084, "typical_volume": 20055681.4, "trend": 8.27301, "fair_value": 12.453906, "relative_strength": -11.4749, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.099285, "energy": 49.888506, "activity_lines": [ 8.559578, 8.247077, 7.906918, 7.996208 ] }, { "date": "2024-11-08", "close": 9.776875, "volume": 54194267, "typical_volume": 22407559.4, "trend": 8.275721, "fair_value": 12.434654, "relative_strength": -9.315658, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 55.972019, "energy": 61.650082, "activity_lines": [ 8.969768, 8.58124, 8.097198, 8.093232 ] }, { "date": "2024-11-15", "close": 9.45828, "volume": 41126236, "typical_volume": 23871282.6, "trend": 8.281835, "fair_value": 12.415631, "relative_strength": -8.448035, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 43.249409, "energy": 61.435332, "activity_lines": [ 9.217343, 8.814574, 8.250086, 8.169526 ] }, { "date": "2024-11-22", "close": 8.980389, "volume": 24683495, "typical_volume": 24562779.3, "trend": 8.266476, "fair_value": 12.398704, "relative_strength": -10.679407, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.690159, "energy": 59.105676, "activity_lines": [ 9.230618, 8.918661, 8.349552, 8.214594 ] }, { "date": "2024-11-29", "close": 9.816699, "volume": 27794985, "typical_volume": 25118808.15, "trend": 8.285516, "fair_value": 12.386585, "relative_strength": -3.423715, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 74.305774, "energy": 76.312616, "activity_lines": [ 9.469564, 9.136246, 8.52312, 8.314608 ] }, { "date": "2024-12-06", "close": 9.966041, "volume": 34796200, "typical_volume": 26458558.35, "trend": 8.298119, "fair_value": 12.372722, "relative_strength": -3.496694, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.564062, "energy": 70.357333, "activity_lines": [ 9.648774, 9.329394, 8.700101, 8.423029 ] }, { "date": "2024-12-13", "close": 10.762527, "volume": 100321835, "typical_volume": 30982030.9, "trend": 8.338577, "fair_value": 12.367526, "relative_strength": 5.187961, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.027603, "energy": 73.162348, "activity_lines": [ 10.036397, 9.636585, 8.940991, 8.582023 ] }, { "date": "2024-12-20", "close": 9.926216, "volume": 43879750, "typical_volume": 32631520.65, "trend": 8.35605, "fair_value": 12.356539, "relative_strength": -1.641986, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.532485, "energy": 58.99022, "activity_lines": [ 10.07954, 9.758411, 9.085686, 8.684452 ] }, { "date": "2024-12-27", "close": 9.547885, "volume": 33223275, "typical_volume": 33844584.4, "trend": 8.371674, "fair_value": 12.343495, "relative_strength": -5.619628, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.970091, "energy": 49.344983, "activity_lines": [ 9.965377, 9.782487, 9.182971, 8.761344 ] }, { "date": "2025-01-03", "close": 9.020212, "volume": 35990963, "typical_volume": 35309161.45, "trend": 8.385688, "fair_value": 12.326762, "relative_strength": -4.951771, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.152538, "energy": 34.960539, "activity_lines": [ 9.63749, 9.685822, 9.221041, 8.803185 ] }, { "date": "2025-01-10", "close": 8.363111, "volume": 24612793, "typical_volume": 35918933.3, "trend": 8.373233, "fair_value": 12.302439, "relative_strength": -9.962771, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 19.785389, "energy": 19.324809, "activity_lines": [ 9.143668, 9.454298, 9.189324, 8.801729 ] }, { "date": "2025-01-17", "close": 8.831046, "volume": 22666639, "typical_volume": 35246919.75, "trend": 8.391052, "fair_value": 12.282098, "relative_strength": -6.299295, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.521473, "energy": 23.88369, "activity_lines": [ 8.912686, 9.321429, 9.197004, 8.831265 ] }, { "date": "2025-01-24", "close": 8.641882, "volume": 62391018, "typical_volume": 37802110.65, "trend": 8.419197, "fair_value": 12.258211, "relative_strength": -7.883039, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.89702, "energy": 18.542916, "activity_lines": [ 8.747416, 9.171364, 9.179937, 8.847448 ] }, { "date": "2025-01-31", "close": 8.552278, "volume": 5434030, "typical_volume": 37611339.8, "trend": 8.443755, "fair_value": 12.231784, "relative_strength": -8.069664, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.144715, "energy": 18.830873, "activity_lines": [ 8.637899, 9.019851, 9.147129, 8.856034 ] }, { "date": "2025-02-07", "close": 8.592101, "volume": 18638576, "typical_volume": 38137239.0, "trend": 8.478602, "fair_value": 12.20592, "relative_strength": -8.576433, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.881379, "energy": 15.778236, "activity_lines": [ 8.608031, 8.883362, 9.110054, 8.865604 ] }, { "date": "2025-02-14", "close": 8.930608, "volume": 27077469, "typical_volume": 37992293.45, "trend": 8.527718, "fair_value": 12.184191, "relative_strength": -5.719917, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.14833, "energy": 12.191927, "activity_lines": [ 8.719539, 8.830685, 9.097538, 8.894766 ] }, { "date": "2025-02-21", "close": 8.880828, "volume": 26046238, "typical_volume": 38376027.25, "trend": 8.580817, "fair_value": 12.163248, "relative_strength": -6.663391, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.023222, "energy": 9.305957, "activity_lines": [ 8.776621, 8.787784, 9.077152, 8.917547 ] }, { "date": "2025-02-28", "close": 9.717139, "volume": 57997926, "typical_volume": 39119100.3, "trend": 8.653497, "fair_value": 12.150798, "relative_strength": 4.203246, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.24064, "energy": 21.341301, "activity_lines": [ 9.109154, 8.931151, 9.136652, 8.990858 ] }, { "date": "2025-03-07", "close": 9.557841, "volume": 31357270, "typical_volume": 39416392.2, "trend": 8.716552, "fair_value": 12.135054, "relative_strength": 1.211769, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.388038, "energy": 26.938122, "activity_lines": [ 9.316904, 9.049357, 9.17439, 9.049203 ] }, { "date": "2025-03-14", "close": 10.842175, "volume": 43129001, "typical_volume": 39427302.5, "trend": 8.827728, "fair_value": 12.126193, "relative_strength": 13.345879, "stage": 1, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 77.276906, "energy": 65.998137, "activity_lines": [ 9.885728, 9.400897, 9.327903, 9.18634 ] }, { "date": "2025-03-21", "close": 10.115381, "volume": 88633860, "typical_volume": 40199791.3, "trend": 8.922311, "fair_value": 12.112488, "relative_strength": 7.711365, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.373815, "energy": 66.552115, "activity_lines": [ 10.062282, 9.587166, 9.399492, 9.269414 ] }, { "date": "2025-03-28", "close": 9.836612, "volume": 33255871, "typical_volume": 39152871.5, "trend": 9.002955, "fair_value": 12.095154, "relative_strength": 5.389037, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.207564, "energy": 64.630508, "activity_lines": [ 10.066929, 9.690891, 9.439743, 9.328402 ] }, { "date": "2025-04-04", "close": 10.145249, "volume": 23158649, "typical_volume": 38254492.15, "trend": 9.103512, "fair_value": 12.078202, "relative_strength": 9.211294, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.967759, "energy": 64.402473, "activity_lines": [ 10.110735, 9.832448, 9.509104, 9.402098 ] }, { "date": "2025-04-11", "close": 11.071166, "volume": 128085412, "typical_volume": 43424588.0, "trend": 9.243893, "fair_value": 12.069027, "relative_strength": 22.821445, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.53994, "energy": 54.975736, "activity_lines": [ 10.43464, 10.11502, 9.663376, 9.529043 ] }, { "date": "2025-04-18", "close": 11.031342, "volume": 70280454, "typical_volume": 45548861.45, "trend": 9.378963, "fair_value": 12.058676, "relative_strength": 20.657575, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.348372, "energy": 55.858789, "activity_lines": [ 10.644382, 10.344553, 9.803899, 9.644363 ] }, { "date": "2025-04-25", "close": 10.852132, "volume": 52903072, "typical_volume": 46454205.05, "trend": 9.464918, "fair_value": 12.043369, "relative_strength": 17.844866, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.513284, "energy": 60.746047, "activity_lines": [ 10.781776, 10.497152, 9.92157, 9.739406 ] }, { "date": "2025-05-02", "close": 9.627534, "volume": 37550799, "typical_volume": 43315653.25, "trend": 9.488149, "fair_value": 12.024019, "relative_strength": 5.08799, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.033154, "energy": 36.889973, "activity_lines": [ 10.461854, 10.392161, 9.918394, 9.749897 ] }, { "date": "2025-05-09", "close": 9.527972, "volume": 36366296, "typical_volume": 42939980.55, "trend": 9.527973, "fair_value": 11.999732, "relative_strength": 2.174213, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.44923, "energy": 17.934549, "activity_lines": [ 10.122683, 10.255491, 9.91114, 9.752466 ] }, { "date": "2025-05-16", "close": 9.567797, "volume": 44275761, "typical_volume": 43492604.85, "trend": 9.574103, "fair_value": 11.980306, "relative_strength": 1.956336, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 22.217633, "energy": 17.282542, "activity_lines": [ 9.837939, 10.129501, 9.909575, 9.755036 ] }, { "date": "2025-05-23", "close": 9.358719, "volume": 39964396, "typical_volume": 43691276.5, "trend": 9.613595, "fair_value": 11.964453, "relative_strength": 0.469458, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.650585, "energy": 17.555027, "activity_lines": [ 9.583727, 9.965316, 9.888004, 9.74114 ] }, { "date": "2025-05-30", "close": 9.816699, "volume": 44270314, "typical_volume": 44674152.55, "trend": 9.637158, "fair_value": 11.953071, "relative_strength": 5.420268, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.305239, "energy": 13.42605, "activity_lines": [ 9.593683, 9.911372, 9.908437, 9.754244 ] }, { "date": "2025-06-06", "close": 10.483757, "volume": 71035489, "typical_volume": 47092595.05, "trend": 9.660721, "fair_value": 11.944492, "relative_strength": 11.110456, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.48421, "energy": 12.722422, "activity_lines": [ 9.89502, 9.984142, 9.985478, 9.808863 ] }, { "date": "2025-06-13", "close": 10.035733, "volume": 37613540, "typical_volume": 45853721.15, "trend": 9.679969, "fair_value": 11.932057, "relative_strength": 6.55869, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.834565, "energy": 12.587975, "activity_lines": [ 9.989935, 9.963687, 10.011981, 9.833057 ] }, { "date": "2025-06-20", "close": 9.707182, "volume": 29278260, "typical_volume": 47045932.65, "trend": 9.704195, "fair_value": 11.917394, "relative_strength": 3.507744, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.158364, "energy": 13.904765, "activity_lines": [ 9.941482, 9.885487, 10.000555, 9.834813 ] }, { "date": "2025-06-27", "close": 9.957369, "volume": 25484398, "typical_volume": 47388223.75, "trend": 9.708884, "fair_value": 11.902738, "relative_strength": 3.980011, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.921566, "energy": 15.874031, "activity_lines": [ 9.967132, 9.877574, 10.007457, 9.851147 ] }, { "date": "2025-07-04", "close": 9.847619, "volume": 24513316, "typical_volume": 47260016.1, "trend": 9.704937, "fair_value": 11.887808, "relative_strength": 1.279694, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.827553, "energy": 10.627579, "activity_lines": [ 9.916289, 9.869234, 9.997405, 9.860097 ] }, { "date": "2025-07-11", "close": 10.486168, "volume": 35505877, "typical_volume": 47732998.05, "trend": 9.695725, "fair_value": 11.877463, "relative_strength": 6.356967, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 42.286985, "energy": 19.812172, "activity_lines": [ 10.076235, 9.995258, 10.043801, 9.910499 ] }, { "date": "2025-07-18", "close": 10.446259, "volume": 48473121, "typical_volume": 47256757.8, "trend": 9.71306, "fair_value": 11.865572, "relative_strength": 4.896743, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 50.020582, "energy": 32.823574, "activity_lines": [ 10.222716, 10.098414, 10.078751, 9.958921 ] }, { "date": "2025-07-25", "close": 11.064853, "volume": 43207710, "typical_volume": 47849279.8, "trend": 9.763625, "fair_value": 11.85519, "relative_strength": 8.864277, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 63.39696, "energy": 54.037457, "activity_lines": [ 10.548027, 10.297345, 10.169143, 10.046133 ] }, { "date": "2025-08-01", "close": 10.595918, "volume": 46544744, "typical_volume": 48020066.95, "trend": 9.816149, "fair_value": 11.839396, "relative_strength": 4.964657, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.656879, "energy": 54.373127, "activity_lines": [ 10.626516, 10.383796, 10.207699, 10.09983 ] }, { "date": "2025-08-08", "close": 11.214512, "volume": 24251060, "typical_volume": 44800926.95, "trend": 9.911196, "fair_value": 11.833277, "relative_strength": 8.495912, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.012346, "energy": 63.153944, "activity_lines": [ 10.868632, 10.560225, 10.306341, 10.190046 ] }, { "date": "2025-08-15", "close": 11.014966, "volume": 35827892, "typical_volume": 44929528.0, "trend": 9.983993, "fair_value": 11.827181, "relative_strength": 4.525065, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.548458, "energy": 59.142099, "activity_lines": [ 10.953106, 10.674957, 10.380744, 10.261257 ] }, { "date": "2025-08-22", "close": 11.473923, "volume": 34069786, "typical_volume": 45475084.85, "trend": 10.078394, "fair_value": 11.823966, "relative_strength": 4.891316, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.547895, "energy": 59.285119, "activity_lines": [ 11.155314, 10.863478, 10.493247, 10.357382 ] }, { "date": "2025-08-29", "close": 11.094784, "volume": 40977104, "typical_volume": 41119669.45, "trend": 10.163145, "fair_value": 11.822044, "relative_strength": 0.39991, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.133537, "energy": 51.720166, "activity_lines": [ 11.16263, 10.956916, 10.563314, 10.422955 ] }, { "date": "2025-09-05", "close": 10.635827, "volume": 39543832, "typical_volume": 39582838.35, "trend": 10.231269, "fair_value": 11.816372, "relative_strength": -2.745512, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.722392, "energy": 35.065775, "activity_lines": [ 11.014966, 10.941678, 10.589558, 10.453451 ] }, { "date": "2025-09-12", "close": 10.635827, "volume": 27291494, "typical_volume": 38302259.45, "trend": 10.288109, "fair_value": 11.812191, "relative_strength": -4.340308, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.332558, "energy": 25.649524, "activity_lines": [ 10.86464, 10.914104, 10.617686, 10.479552 ] }, { "date": "2025-09-19", "close": 10.256689, "volume": 38040128, "typical_volume": 38326725.9, "trend": 10.333971, "fair_value": 11.797015, "relative_strength": -6.614879, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 23.651322, "energy": 15.615766, "activity_lines": [ 10.626515, 10.803265, 10.610735, 10.477525 ] }, { "date": "2025-09-26", "close": 10.17687, "volume": 25603597, "typical_volume": 37788590.95, "trend": 10.349296, "fair_value": 11.776921, "relative_strength": -7.522553, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.345788, "energy": 17.222813, "activity_lines": [ 10.412335, 10.682086, 10.593186, 10.467389 ] }, { "date": "2025-10-03", "close": 10.17687, "volume": 11353366, "typical_volume": 36142471.2, "trend": 10.36993, "fair_value": 11.75993, "relative_strength": -8.790742, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.466716, "energy": 18.763797, "activity_lines": [ 10.284625, 10.565804, 10.572548, 10.456265 ] }, { "date": "2025-10-10", "close": 10.426304, "volume": 11461398, "typical_volume": 34717321.3, "trend": 10.356068, "fair_value": 11.736222, "relative_strength": -6.950274, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.670359, "energy": 17.681129, "activity_lines": [ 10.301254, 10.51102, 10.572765, 10.459902 ] }, { "date": "2025-10-17", "close": 10.21678, "volume": 25386576, "typical_volume": 33773134.4, "trend": 10.359448, "fair_value": 11.708503, "relative_strength": -7.553881, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.304924, "energy": 17.977518, "activity_lines": [ 10.26201, 10.421224, 10.547943, 10.450915 ] }, { "date": "2025-10-24", "close": 9.937415, "volume": 46061533, "typical_volume": 32524436.6, "trend": 10.362808, "fair_value": 11.683026, "relative_strength": -12.620675, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.883602, "energy": 28.750571, "activity_lines": [ 10.157581, 10.298775, 10.49461, 10.423688 ] }, { "date": "2025-10-31", "close": 9.747846, "volume": 39379340, "typical_volume": 32612726.6, "trend": 10.349561, "fair_value": 11.653045, "relative_strength": -14.201581, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.546381, "energy": 39.622342, "activity_lines": [ 10.011247, 10.161451, 10.425825, 10.384013 ] }, { "date": "2025-11-07", "close": 9.837641, "volume": 24173215, "typical_volume": 32357474.35, "trend": 10.308444, "fair_value": 11.62153, "relative_strength": -14.124235, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.519804, "energy": 44.252831, "activity_lines": [ 9.923447, 10.071836, 10.366962, 10.350985 ] }, { "date": "2025-11-14", "close": 10.246713, "volume": 51250469, "typical_volume": 33645777.9, "trend": 10.282289, "fair_value": 11.603994, "relative_strength": -10.231171, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.801829, "energy": 36.803821, "activity_lines": [ 9.994618, 10.079456, 10.346438, 10.347003 ] }, { "date": "2025-11-21", "close": 9.65805, "volume": 25197820, "typical_volume": 33680003.1, "trend": 10.242487, "fair_value": 11.568411, "relative_strength": -11.818708, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.728795, "energy": 43.597005, "activity_lines": [ 9.881542, 9.98712, 10.268472, 10.306729 ] }, { "date": "2025-11-28", "close": 9.917459, "volume": 25677630, "typical_volume": 33188590.75, "trend": 10.252151, "fair_value": 11.538587, "relative_strength": -10.459195, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.147953, "energy": 28.921222, "activity_lines": [ 9.892184, 9.959728, 10.216115, 10.28576 ] }, { "date": "2025-12-05", "close": 9.727891, "volume": 22165262, "typical_volume": 31873197.8, "trend": 10.258815, "fair_value": 11.509781, "relative_strength": -12.232707, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -61.576244, "energy": 42.229787, "activity_lines": [ 9.840967, 9.904036, 10.148411, 10.251937 ] }, { "date": "2025-12-12", "close": 9.39864, "volume": 20680000, "typical_volume": 30746812.3, "trend": 10.253176, "fair_value": 11.482651, "relative_strength": -14.471635, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.629107, "energy": 64.093741, "activity_lines": [ 9.68133, 9.796644, 10.052772, 10.196441 ] }, { "date": "2025-12-19", "close": 10.246713, "volume": 43044036, "typical_volume": 30571776.9, "trend": 10.282776, "fair_value": 11.448917, "relative_strength": -6.581281, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.596488, "energy": 31.30641, "activity_lines": [ 9.833651, 9.857597, 10.045835, 10.196024 ] }, { "date": "2025-12-26", "close": 10.077098, "volume": 31439916, "typical_volume": 30931219.7, "trend": 10.291456, "fair_value": 11.414159, "relative_strength": -9.661301, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.875398, "energy": 24.138123, "activity_lines": [ 9.929434, 9.890975, 10.024408, 10.182755 ] }, { "date": "2026-01-02", "close": 9.87755, "volume": 12527334, "typical_volume": 29766191.8, "trend": 10.271249, "fair_value": 11.381844, "relative_strength": -11.371545, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.52242, "energy": 20.921531, "activity_lines": [ 9.930763, 9.890612, 9.989392, 10.156051 ] }, { "date": "2026-01-09", "close": 9.917459, "volume": 20797424, "typical_volume": 29102573.7, "trend": 10.267306, "fair_value": 11.347986, "relative_strength": -14.150452, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.715077, "energy": 19.538019, "activity_lines": [ 9.948057, 9.898594, 9.963593, 10.133226 ] }, { "date": "2026-01-16", "close": 9.897506, "volume": 26454823, "typical_volume": 28376459.65, "trend": 10.273651, "fair_value": 11.314124, "relative_strength": -13.752394, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.048271, "energy": 16.530557, "activity_lines": [ 9.946062, 9.899864, 9.943306, 10.109368 ] }, { "date": "2026-01-23", "close": 10.21678, "volume": 26713700, "typical_volume": 27734953.05, "trend": 10.282298, "fair_value": 11.28324, "relative_strength": -11.593952, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.811598, "energy": 11.065276, "activity_lines": [ 10.017233, 9.958095, 9.959127, 10.105699 ] }, { "date": "2026-01-30", "close": 9.987302, "volume": 26433178, "typical_volume": 27692037.25, "trend": 10.286954, "fair_value": 11.254422, "relative_strength": -13.074296, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.855287, "energy": 10.473383, "activity_lines": [ 10.013908, 9.975147, 9.955089, 10.086667 ] }, { "date": "2026-02-06", "close": 10.087074, "volume": 31419945, "typical_volume": 27361028.1, "trend": 10.273651, "fair_value": 11.216624, "relative_strength": -11.0017, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.938042, "energy": 9.839444, "activity_lines": [ 10.049826, 10.004354, 9.963641, 10.073772 ] }, { "date": "2026-02-13", "close": 9.847619, "volume": 23831150, "typical_volume": 27272405.75, "trend": 10.253696, "fair_value": 11.174623, "relative_strength": -13.312278, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.024709, "energy": 11.124282, "activity_lines": [ 9.991958, 9.986939, 9.950195, 10.046286 ] }, { "date": "2026-02-27", "close": 9.937415, "volume": 17998793, "typical_volume": 27604677.1, "trend": 10.216115, "fair_value": 11.134811, "relative_strength": -14.076796, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.282465, "energy": 14.271569, "activity_lines": [ 9.968677, 9.983673, 9.94687, 10.02588 ] }, { "date": "2026-03-06", "close": 9.668027, "volume": 24903543, "typical_volume": 28276784.35, "trend": 10.185185, "fair_value": 11.089735, "relative_strength": -15.280687, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.559109, "energy": 24.970431, "activity_lines": [ 9.85294, 9.921632, 9.919028, 9.99052 ] }, { "date": "2026-03-13", "close": 9.598186, "volume": 16845150, "typical_volume": 27849713.05, "trend": 10.131307, "fair_value": 11.044832, "relative_strength": -15.012693, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.480947, "energy": 45.463337, "activity_lines": [ 9.750506, 9.857415, 9.888146, 9.952649 ] }, { "date": "2026-03-20", "close": 9.029478, "volume": 18607810, "typical_volume": 26477026.9, "trend": 10.065125, "fair_value": 10.993304, "relative_strength": -16.73601, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.53543, "energy": 69.775335, "activity_lines": [ 9.484444, 9.698503, 9.806047, 9.881563 ] }, { "date": "2026-03-27", "close": 9.179138, "volume": 20335639, "typical_volume": 25524841.85, "trend": 9.988632, "fair_value": 10.949314, "relative_strength": -14.020141, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.031824, "energy": 74.75154, "activity_lines": [ 9.338775, 9.582222, 9.742524, 9.824403 ] }, { "date": "2026-04-03", "close": 9.46848, "volume": 33965125, "typical_volume": 26014437.35, "trend": 9.934422, "fair_value": 10.910716, "relative_strength": -10.228064, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.72223, "energy": 67.5178, "activity_lines": [ 9.334119, 9.531972, 9.709267, 9.790845 ] }, { "date": "2026-04-10", "close": 9.578232, "volume": 18150752, "typical_volume": 24359451.5, "trend": 9.899168, "fair_value": 10.87307, "relative_strength": -11.207728, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.374147, "energy": 57.065503, "activity_lines": [ 9.397309, 9.509478, 9.688219, 9.767865 ] }, { "date": "2026-04-17", "close": 9.727891, "volume": 16357703, "typical_volume": 23917445.65, "trend": 9.868904, "fair_value": 10.831419, "relative_strength": -10.625194, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.481674, "energy": 28.961808, "activity_lines": [ 9.516372, 9.525805, 9.684608, 9.756815 ] }, { "date": "2026-04-24", "close": 9.338775, "volume": 35969030, "typical_volume": 24432015.65, "trend": 9.838307, "fair_value": 10.78901, "relative_strength": -14.136696, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.416536, "energy": 23.467558, "activity_lines": [ 9.497082, 9.4761, 9.643606, 9.722613 ] }, { "date": "2026-05-01", "close": 9.598186, "volume": 20975302, "typical_volume": 24372517.65, "trend": 9.819017, "fair_value": 10.745286, "relative_strength": -11.833731, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.3753, "energy": 16.661339, "activity_lines": [ 9.543643, 9.487165, 9.630066, 9.707121 ] }, { "date": "2026-05-08", "close": 9.648072, "volume": 15813929, "typical_volume": 24129214.1, "trend": 9.801391, "fair_value": 10.688353, "relative_strength": -12.413376, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.496596, "energy": 15.894382, "activity_lines": [ 9.578896, 9.511837, 9.621894, 9.696092 ] }, { "date": "2026-05-15", "close": 9.179138, "volume": 21938770, "typical_volume": 23073950.8, "trend": 9.759818, "fair_value": 10.625932, "relative_strength": -15.382616, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.487725, "energy": 31.833887, "activity_lines": [ 9.445865, 9.456508, 9.567874, 9.655947 ] }, { "date": "2026-05-22", "close": 8.780046, "volume": 19425745, "typical_volume": 22473242.25, "trend": 9.711927, "fair_value": 10.559028, "relative_strength": -18.195339, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.633957, "energy": 56.360606, "activity_lines": [ 9.20641, 9.337506, 9.480928, 9.592736 ] }, { "date": "2026-05-29", "close": 8.57, "volume": 24198342, "typical_volume": 23056792.65, "trend": 9.666347, "fair_value": 10.492019, "relative_strength": -18.870667, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.791256, "energy": 72.912321, "activity_lines": [ 8.960129, 9.195189, 9.380155, 9.519063 ] }, { "date": "2026-06-05", "close": 8.3, "volume": 6754880, "typical_volume": 22354665.45, "trend": 9.618085, "fair_value": 10.4257, "relative_strength": -20.114219, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.7459, "energy": 84.897079, "activity_lines": [ 8.675099, 9.012135, 9.259894, 9.430912 ] }, { "date": "2026-06-12", "close": 8.03, "volume": 5259690, "typical_volume": 21294908.8, "trend": 9.557831, "fair_value": 10.361436, "relative_strength": -22.143963, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.100701, "energy": 89.507955, "activity_lines": [ 8.386615, 8.795974, 9.121621, 9.328455 ] }, { "date": "2026-06-19", "close": 7.76, "volume": 17205946, "typical_volume": 20819521.1, "trend": 9.47494, "fair_value": 10.291096, "relative_strength": -25.242486, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.598589, "energy": 93.619476, "activity_lines": [ 8.116003, 8.556877, 8.966527, 9.212466 ] }, { "date": "2026-06-26", "close": 7.53, "volume": 5733028, "typical_volume": 19784513.6, "trend": 9.404005, "fair_value": 10.227785, "relative_strength": -25.745934, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.957823, "energy": 94.284303, "activity_lines": [ 7.863333, 8.309021, 8.801227, 9.086985 ] }, { "date": "2026-07-03", "close": 8.0, "volume": 4606500, "typical_volume": 18443841.35, "trend": 9.34009, "fair_value": 10.168293, "relative_strength": -20.869013, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.971672, "energy": 87.29474, "activity_lines": [ 7.850667, 8.186581, 8.69239, 8.996405 ] }, { "date": "2026-07-10", "close": 7.73, "volume": 20353340, "typical_volume": 18269950.85, "trend": 9.273494, "fair_value": 10.111604, "relative_strength": -22.090871, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.644068, "energy": 84.405536, "activity_lines": [ 7.786, 8.039391, 8.567777, 8.892528 ] }, { "date": "2026-07-17", "close": 8.0, "volume": 37346994, "typical_volume": 19237360.9, "trend": 9.226872, "fair_value": 10.061162, "relative_strength": -13.824473, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.269212, "energy": 59.626831, "activity_lines": [ 7.849333, 7.975259, 8.478962, 8.810367 ] }, { "date": "2026-07-24", "close": 7.58, "volume": 31785450, "typical_volume": 19581456.25, "trend": 9.137982, "fair_value": 10.00878, "relative_strength": -18.806985, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.394496, "energy": 59.470948, "activity_lines": [ 7.774667, 7.864728, 8.359373, 8.704117 ] }, { "date": "2026-07-31", "close": 8.65, "volume": 76490003, "typical_volume": 22563698.9, "trend": 9.090412, "fair_value": 9.96332, "relative_strength": -7.183113, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.252725, "energy": 35.2712, "activity_lines": [ 8.068667, 7.977818, 8.351632, 8.672634 ] }, { "date": "2026-08-07", "close": 8.55, "volume": 44373267, "typical_volume": 23851971.75, "trend": 9.04616, "fair_value": 9.916905, "relative_strength": -10.192998, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.995673, "energy": 21.855404, "activity_lines": [ 8.254667, 8.075091, 8.338883, 8.637769 ] } ], "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." } } }