{ "ticker": { "uuid": "34aadf02-40f2-43e3-ab1b-471341825404", "symbol": "000923", "name": "HBIS Resources Co., Ltd.", "exchange": "SHZ", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "399001.SZ", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -41.621, "architecture_energy": 32.462, "architecture_maturity": 92.963, "architecture_confidence": 77.608, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 31.9, "rotation_up": 27.89, "upward_expansion": 23.21, "deceleration": 46.99, "rotation_down": 28.13, "downward_expansion": 59.55 }, "activity_lines": [ 14.176, 13.755963, 14.386538, 15.702276 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 14.72, "trend_reference": 17.832417, "distance_from_trend": -0.174537, "trend_direction": "Weakening", "fair_value": 15.619252, "distance_from_fair_value": -0.057573, "fair_value_direction": "Weakening", "relative_strength": -19.555486, "relative_strength_direction": "Weakening", "price_momentum": -0.390981, "excess_performance": -0.39838, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.174537, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.092366, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.057573, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.174415, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.195555, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.01021, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.390981, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.797133, "read": "Supply-led" } ], "volume": { "latest": 75411479, "relative_activity": 1.300267, "balance": 0.797133, "dry_up": 1.544194, "accumulation_observations": 4, "distribution_observations": 4 }, "risk": { "range_context": 0.087824, "annualized_volatility": 0.389896, "from_high_reference": -0.454411, "from_low_reference": 0.229741 }, "levels": { "trend_reference": 17.832417, "fair_value_reference": 15.619252, "structural_low": 11.97, "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": 21, "median_return": 0.009266, "positive_rate": 0.52381, "directional_follow_through": 0.47619, "median_excess_return": -0.004957, "regime_survival": 0.761905, "best_return": 0.2375, "worst_return": -0.214425, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.033129, "positive_rate": 0.375, "directional_follow_through": 0.625, "median_excess_return": 0.001985, "regime_survival": 0.375, "best_return": 0.391781, "worst_return": -0.246562, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.00074, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": -0.049687, "regime_survival": 0.4, "best_return": 0.50239, "worst_return": -0.271693, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.12905, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.226088, "regime_survival": 0.333333, "best_return": 0.227852, "worst_return": -0.398287, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-07-26", "end": "2024-08-23", "tenure": "Developing", "return": -0.070113, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-30", "end": "2024-10-25", "tenure": "Developing", "return": 0.111769, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-01", "end": "2025-01-10", "tenure": "Developing", "return": -0.098997, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-17", "end": "2025-01-31", "tenure": "New", "return": 0.013591, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-02-07", "end": "2025-02-14", "tenure": "New", "return": 0.002807, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-21", "end": "2025-03-28", "tenure": "Developing", "return": 0.142649, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-04-04", "end": "2025-04-11", "tenure": "New", "return": -0.099206, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-18", "end": "2025-04-25", "tenure": "New", "return": -0.032544, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-02", "end": "2025-07-04", "tenure": "Developing", "return": 0.120983, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-11", "end": "2025-07-25", "tenure": "New", "return": 0.04034, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-01", "end": "2026-03-06", "tenure": "Extended", "return": 0.558845, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-13", "end": "2026-04-03", "tenure": "New", "return": -0.14334, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-10", "end": "2026-05-15", "tenure": "Developing", "return": -0.151202, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-22", "end": "2026-08-07", "tenure": "Developing", "return": -0.025469, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 14.117441, "volume": 36264995, "typical_volume": 32287786.8, "trend": 12.887289, "fair_value": 14.770379, "relative_strength": 20.918882, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 37.073344, "energy": 54.717554, "activity_lines": [ 13.537929, 13.112635, 12.808656, 12.854915 ] }, { "date": "2023-08-04", "close": 13.949377, "volume": 38492933, "typical_volume": 31997126.85, "trend": 12.951961, "fair_value": 14.778233, "relative_strength": 17.31948, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 40.820283, "energy": 60.285051, "activity_lines": [ 13.753301, 13.326665, 12.925876, 12.923436 ] }, { "date": "2023-08-11", "close": 13.295792, "volume": 24000392, "typical_volume": 31586278.45, "trend": 13.007329, "fair_value": 14.786833, "relative_strength": 15.659761, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.296535, "energy": 50.930356, "activity_lines": [ 13.661177, 13.379445, 12.974656, 12.945619 ] }, { "date": "2023-08-18", "close": 13.174412, "volume": 21632018, "typical_volume": 30986900.9, "trend": 12.999593, "fair_value": 14.791988, "relative_strength": 17.713773, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.138224, "energy": 33.065814, "activity_lines": [ 13.498714, 13.391413, 13.008053, 12.956399 ] }, { "date": "2023-08-25", "close": 12.950325, "volume": 25202883, "typical_volume": 30659409.15, "trend": 12.967341, "fair_value": 14.790428, "relative_strength": 18.704815, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 10.755444, "energy": 10.859758, "activity_lines": [ 13.29019, 13.344938, 13.020518, 12.95322 ] }, { "date": "2023-09-01", "close": 14.948429, "volume": 69439069, "typical_volume": 32575270.65, "trend": 13.023915, "fair_value": 14.805332, "relative_strength": 31.453154, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 75.568362, "energy": 40.381881, "activity_lines": [ 13.773843, 13.659423, 13.22232, 13.081032 ] }, { "date": "2023-09-08", "close": 14.761691, "volume": 162856784, "typical_volume": 38822321.6, "trend": 13.09466, "fair_value": 14.817953, "relative_strength": 30.909128, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.389932, "energy": 49.088934, "activity_lines": [ 14.139851, 13.891828, 13.399081, 13.193147 ] }, { "date": "2023-09-15", "close": 16.04085, "volume": 98746833, "typical_volume": 41155858.25, "trend": 13.186125, "fair_value": 14.840944, "relative_strength": 42.529636, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.360418, "energy": 80.274313, "activity_lines": [ 14.878091, 14.317592, 13.685995, 13.383223 ] }, { "date": "2023-09-22", "close": 15.658036, "volume": 47206725, "typical_volume": 42289199.05, "trend": 13.23104, "fair_value": 14.864622, "relative_strength": 37.271417, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.6335, "energy": 82.330948, "activity_lines": [ 15.305722, 14.615695, 13.920471, 13.542702 ] }, { "date": "2023-09-29", "close": 14.957767, "volume": 25490400, "typical_volume": 41124702.8, "trend": 13.241958, "fair_value": 14.885639, "relative_strength": 30.798616, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.525725, "energy": 75.677825, "activity_lines": [ 15.334356, 14.749128, 14.073705, 13.654103 ] }, { "date": "2023-10-13", "close": 15.032461, "volume": 38253619, "typical_volume": 41795907.75, "trend": 13.304681, "fair_value": 14.908162, "relative_strength": 30.801328, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.575398, "energy": 67.769897, "activity_lines": [ 15.254058, 14.866773, 14.221709, 13.76962 ] }, { "date": "2023-10-20", "close": 14.462908, "volume": 33058000, "typical_volume": 42340040.65, "trend": 13.365162, "fair_value": 14.931261, "relative_strength": 31.085664, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.950444, "energy": 41.927099, "activity_lines": [ 14.978307, 14.864227, 14.301551, 13.844344 ] }, { "date": "2023-10-27", "close": 14.985776, "volume": 45618630, "typical_volume": 42795131.35, "trend": 13.448248, "fair_value": 14.958453, "relative_strength": 31.65504, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.71482, "energy": 29.778357, "activity_lines": [ 14.896764, 14.94741, 14.417636, 13.9489 ] }, { "date": "2023-11-03", "close": 15.135166, "volume": 40022656, "typical_volume": 43217258.8, "trend": 13.510741, "fair_value": 14.985518, "relative_strength": 30.510815, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.967617, "energy": 29.888647, "activity_lines": [ 14.935356, 15.027029, 14.534992, 14.057733 ] }, { "date": "2023-11-10", "close": 14.957767, "volume": 27735183, "typical_volume": 42778183.75, "trend": 13.584369, "fair_value": 15.006763, "relative_strength": 26.011599, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.87862, "energy": 26.545127, "activity_lines": [ 14.949674, 15.038742, 14.621481, 14.15109 ] }, { "date": "2023-11-17", "close": 15.639361, "volume": 37934528, "typical_volume": 43831670.1, "trend": 13.65819, "fair_value": 15.037574, "relative_strength": 30.180744, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.009105, "energy": 38.5825, "activity_lines": [ 15.191189, 15.137884, 14.762713, 14.28367 ] }, { "date": "2023-11-24", "close": 15.723393, "volume": 23927541, "typical_volume": 43623321.9, "trend": 13.77195, "fair_value": 15.066011, "relative_strength": 31.318607, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.614211, "energy": 41.293288, "activity_lines": [ 15.420255, 15.239741, 14.896053, 14.416909 ] }, { "date": "2023-12-01", "close": 15.340581, "volume": 21193198, "typical_volume": 43728708.95, "trend": 13.86047, "fair_value": 15.08063, "relative_strength": 28.297979, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.97332, "energy": 37.29857, "activity_lines": [ 15.437684, 15.25451, 14.978085, 14.518111 ] }, { "date": "2023-12-08", "close": 15.004451, "volume": 21749800, "typical_volume": 43343984.3, "trend": 13.940524, "fair_value": 15.068196, "relative_strength": 26.391169, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.332573, "energy": 34.692458, "activity_lines": [ 15.319416, 15.220897, 15.016233, 14.591916 ] }, { "date": "2023-12-15", "close": 14.771027, "volume": 29592253, "typical_volume": 43420922.0, "trend": 14.020713, "fair_value": 15.050325, "relative_strength": 25.393799, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.664971, "energy": 22.826807, "activity_lines": [ 15.132055, 15.156727, 15.025481, 14.645497 ] }, { "date": "2023-12-22", "close": 14.602962, "volume": 28383861, "typical_volume": 43026865.3, "trend": 14.103823, "fair_value": 15.027722, "relative_strength": 25.24502, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 27.584718, "energy": 16.321597, "activity_lines": [ 14.901122, 15.065395, 15.01192, 14.683061 ] }, { "date": "2023-12-29", "close": 15.686046, "volume": 37026790, "typical_volume": 42953558.15, "trend": 14.239474, "fair_value": 14.983681, "relative_strength": 29.214883, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.734632, "energy": 19.680114, "activity_lines": [ 15.100309, 15.178796, 15.099198, 14.78514 ] }, { "date": "2024-01-05", "close": 15.732732, "volume": 25075080, "typical_volume": 43007292.55, "trend": 14.355068, "fair_value": 14.936569, "relative_strength": 34.165654, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.449427, "energy": 28.084678, "activity_lines": [ 15.317549, 15.278447, 15.182652, 14.881479 ] }, { "date": "2024-01-12", "close": 15.181852, "volume": 25568723, "typical_volume": 43204127.8, "trend": 14.45443, "fair_value": 14.864568, "relative_strength": 30.035972, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.838007, "energy": 25.937442, "activity_lines": [ 15.325018, 15.264357, 15.202038, 14.93482 ] }, { "date": "2024-01-19", "close": 14.089432, "volume": 31631228, "typical_volume": 43525545.05, "trend": 14.496678, "fair_value": 14.797271, "relative_strength": 22.500073, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 1.102656, "energy": 5.131098, "activity_lines": [ 14.956521, 15.050796, 15.107824, 14.911272 ] }, { "date": "2024-01-26", "close": 14.761691, "volume": 42779088, "typical_volume": 42192546.0, "trend": 14.578686, "fair_value": 14.749759, "relative_strength": 27.713711, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.639248, "energy": 8.457713, "activity_lines": [ 14.85755, 14.975252, 15.07221, 14.92837 ] }, { "date": "2024-02-02", "close": 13.734628, "volume": 51134442, "typical_volume": 36606428.9, "trend": 14.616345, "fair_value": 14.681901, "relative_strength": 28.234509, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.078617, "energy": 24.859358, "activity_lines": [ 14.405642, 14.728926, 14.93967, 14.873914 ] }, { "date": "2024-02-09", "close": 14.378876, "volume": 51294951, "typical_volume": 34233834.8, "trend": 14.667387, "fair_value": 14.621885, "relative_strength": 21.674616, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.185893, "energy": 23.2862, "activity_lines": [ 14.298579, 14.635897, 14.873378, 14.858594 ] }, { "date": "2024-02-23", "close": 14.593625, "volume": 56583081, "typical_volume": 34702652.6, "trend": 14.700378, "fair_value": 14.554679, "relative_strength": 19.156644, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.607062, "energy": 29.341401, "activity_lines": [ 14.353355, 14.599398, 14.835452, 14.853835 ] }, { "date": "2024-03-01", "close": 14.696331, "volume": 50940985, "typical_volume": 35975181.85, "trend": 14.745506, "fair_value": 14.507262, "relative_strength": 14.658578, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.675553, "energy": 21.058138, "activity_lines": [ 14.481582, 14.589042, 14.812376, 14.853574 ] }, { "date": "2024-03-08", "close": 15.303232, "volume": 76088548, "typical_volume": 37866928.3, "trend": 14.785033, "fair_value": 14.466192, "relative_strength": 19.521318, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.240024, "energy": 4.757465, "activity_lines": [ 14.771649, 14.69039, 14.848346, 14.889556 ] }, { "date": "2024-03-15", "close": 15.872785, "volume": 117503313, "typical_volume": 42089193.95, "trend": 14.849146, "fair_value": 14.423176, "relative_strength": 20.122245, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.563107, "energy": 21.972856, "activity_lines": [ 15.215465, 14.882561, 14.937269, 14.959734 ] }, { "date": "2024-03-22", "close": 15.284559, "volume": 108154573, "typical_volume": 45215991.1, "trend": 14.915438, "fair_value": 14.352176, "relative_strength": 15.516363, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.891521, "energy": 23.282809, "activity_lines": [ 15.320661, 14.964387, 14.963457, 14.987825 ] }, { "date": "2024-03-29", "close": 15.872785, "volume": 69574893, "typical_volume": 46693602.95, "trend": 15.005384, "fair_value": 14.30756, "relative_strength": 21.109272, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.111484, "energy": 31.471034, "activity_lines": [ 15.561554, 15.161311, 15.044244, 15.049589 ] }, { "date": "2024-04-05", "close": 17.161282, "volume": 79329967, "typical_volume": 49273342.15, "trend": 15.145749, "fair_value": 14.27446, "relative_strength": 27.69065, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 70.488151, "energy": 60.013696, "activity_lines": [ 16.146669, 15.579945, 15.244232, 15.188679 ] }, { "date": "2024-04-12", "close": 17.469398, "volume": 159324050, "typical_volume": 55342818.25, "trend": 15.229782, "fair_value": 14.245333, "relative_strength": 33.056666, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.223153, "energy": 65.221947, "activity_lines": [ 16.670158, 15.998748, 15.463071, 15.338592 ] }, { "date": "2024-04-19", "close": 17.450727, "volume": 109248685, "typical_volume": 59608875.45, "trend": 15.319416, "fair_value": 14.217343, "relative_strength": 30.739884, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.717809, "energy": 66.702458, "activity_lines": [ 17.043013, 16.364926, 15.671418, 15.481879 ] }, { "date": "2024-04-26", "close": 16.778467, "volume": 91473735, "typical_volume": 63122902.3, "trend": 15.344003, "fair_value": 14.194238, "relative_strength": 22.215507, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.072957, "energy": 61.782981, "activity_lines": [ 17.086586, 16.541309, 15.807515, 15.576011 ] }, { "date": "2024-05-03", "close": 16.993217, "volume": 44652364, "typical_volume": 64268030.5, "trend": 15.388509, "fair_value": 14.172224, "relative_strength": 21.069683, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.392363, "energy": 53.511175, "activity_lines": [ 17.102147, 16.713109, 15.957217, 15.682412 ] }, { "date": "2024-05-10", "close": 17.71216, "volume": 86891140, "typical_volume": 67132974.85, "trend": 15.480323, "fair_value": 14.150878, "relative_strength": 23.188001, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.787086, "energy": 47.754349, "activity_lines": [ 17.282661, 16.971996, 16.16592, 15.832325 ] }, { "date": "2024-05-17", "close": 18.981983, "volume": 90244012, "typical_volume": 70225982.4, "trend": 15.611973, "fair_value": 14.142069, "relative_strength": 30.905843, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.337608, "energy": 61.491314, "activity_lines": [ 17.849724, 17.406928, 16.481553, 16.058238 ] }, { "date": "2024-05-24", "close": 18.673864, "volume": 73594188, "typical_volume": 72054352.3, "trend": 15.752339, "fair_value": 14.138195, "relative_strength": 31.223569, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.719323, "energy": 62.856771, "activity_lines": [ 18.213242, 17.718951, 16.746988, 16.25578 ] }, { "date": "2024-05-31", "close": 17.982931, "volume": 62823019, "typical_volume": 73941749.25, "trend": 15.852244, "fair_value": 14.127037, "relative_strength": 25.852622, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.835329, "energy": 55.268443, "activity_lines": [ 18.264906, 17.854421, 16.932393, 16.399689 ] }, { "date": "2024-06-07", "close": 17.703455, "volume": 55817258, "typical_volume": 75454176.0, "trend": 15.937853, "fair_value": 14.087532, "relative_strength": 24.026387, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.636355, "energy": 46.936152, "activity_lines": [ 18.143114, 17.890016, 17.080466, 16.519122 ] }, { "date": "2024-06-14", "close": 17.423977, "volume": 40411327, "typical_volume": 75893180.95, "trend": 16.02006, "fair_value": 14.061427, "relative_strength": 20.955267, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.617084, "energy": 34.736852, "activity_lines": [ 17.880814, 17.841512, 17.189914, 16.615001 ] }, { "date": "2024-06-21", "close": 17.375792, "volume": 35587313, "typical_volume": 75533592.2, "trend": 16.077941, "fair_value": 14.037639, "relative_strength": 21.930079, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.70806, "energy": 22.526935, "activity_lines": [ 17.621664, 17.779471, 17.278894, 16.702468 ] }, { "date": "2024-06-28", "close": 16.595181, "volume": 40428014, "typical_volume": 74998270.8, "trend": 16.107001, "fair_value": 14.012388, "relative_strength": 18.224604, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.670056, "energy": 18.360536, "activity_lines": [ 17.20939, 17.577203, 17.281083, 16.735838 ] }, { "date": "2024-07-05", "close": 17.028854, "volume": 28811849, "typical_volume": 73874115.7, "trend": 16.163277, "fair_value": 13.992944, "relative_strength": 22.197571, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.011731, "energy": 19.095345, "activity_lines": [ 17.080252, 17.469339, 17.310951, 16.795312 ] }, { "date": "2024-07-12", "close": 15.766387, "volume": 61893435, "typical_volume": 74139633.4, "trend": 16.188675, "fair_value": 13.962095, "relative_strength": 10.268889, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.044508, "energy": 15.675428, "activity_lines": [ 16.593897, 17.127384, 17.207966, 16.769706 ] }, { "date": "2024-07-19", "close": 14.783397, "volume": 46245087, "typical_volume": 73904838.5, "trend": 16.189087, "fair_value": 13.940991, "relative_strength": 2.238091, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -37.216744, "energy": 40.837599, "activity_lines": [ 15.909017, 16.629009, 17.005779, 16.679043 ] }, { "date": "2024-07-26", "close": 13.607663, "volume": 60901871, "typical_volume": 73145504.65, "trend": 16.15591, "fair_value": 13.91315, "relative_strength": -2.95076, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.799727, "energy": 66.967614, "activity_lines": [ 15.008264, 15.970115, 16.691202, 16.5125 ] }, { "date": "2024-08-02", "close": 13.376372, "volume": 51118091, "typical_volume": 69826243.55, "trend": 16.078921, "fair_value": 13.892507, "relative_strength": -4.485008, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.948692, "energy": 72.900185, "activity_lines": [ 14.281622, 15.366883, 16.362671, 16.333175 ] }, { "date": "2024-08-09", "close": 13.366735, "volume": 49776021, "typical_volume": 66907315.95, "trend": 16.000055, "fair_value": 13.861523, "relative_strength": -3.101119, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.120738, "energy": 77.61214, "activity_lines": [ 13.766356, 14.858216, 16.04511, 16.158195 ] }, { "date": "2024-08-16", "close": 12.865603, "volume": 36072694, "typical_volume": 65232206.0, "trend": 15.922846, "fair_value": 13.822964, "relative_strength": -6.571869, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.812365, "energy": 81.905131, "activity_lines": [ 13.328186, 14.342365, 15.688955, 15.955972 ] }, { "date": "2024-08-23", "close": 12.653585, "volume": 30856748, "typical_volume": 62808545.05, "trend": 15.874985, "fair_value": 13.789818, "relative_strength": -6.570075, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -77.638395, "energy": 90.866958, "activity_lines": [ 13.01273, 13.875927, 15.326928, 15.745052 ] }, { "date": "2024-08-30", "close": 13.019797, "volume": 51351300, "typical_volume": 57409907.55, "trend": 15.816922, "fair_value": 13.768316, "relative_strength": -6.111133, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.719251, "energy": 86.593668, "activity_lines": [ 12.961332, 13.562807, 15.021243, 15.560847 ] }, { "date": "2024-09-06", "close": 11.911524, "volume": 47893070, "typical_volume": 54342126.8, "trend": 15.756151, "fair_value": 13.743154, "relative_strength": -11.993337, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.515367, "energy": 90.567663, "activity_lines": [ 12.5797, 13.127383, 14.631197, 15.308885 ] }, { "date": "2024-09-13", "close": 11.68987, "volume": 31802049, "typical_volume": 51358542.5, "trend": 15.666518, "fair_value": 13.712323, "relative_strength": -12.074527, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.358205, "energy": 88.624602, "activity_lines": [ 12.221841, 12.736815, 14.246418, 15.046545 ] }, { "date": "2024-09-20", "close": 12.046444, "volume": 28587051, "typical_volume": 50555276.85, "trend": 15.581612, "fair_value": 13.690952, "relative_strength": -10.478234, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.556948, "energy": 72.569838, "activity_lines": [ 12.09463, 12.508152, 13.91983, 14.812992 ] }, { "date": "2024-09-27", "close": 14.764122, "volume": 94014182, "typical_volume": 50911428.95, "trend": 15.583872, "fair_value": 13.676443, "relative_strength": -6.852098, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.536897, "energy": 49.124738, "activity_lines": [ 12.927923, 12.841247, 13.875625, 14.76025 ] }, { "date": "2024-10-04", "close": 16.238607, "volume": 32509617, "typical_volume": 48024709.2, "trend": 15.615051, "fair_value": 13.669205, "relative_strength": -7.428169, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -11.667459, "energy": 18.918931, "activity_lines": [ 14.112008, 13.442781, 13.985885, 14.802491 ] }, { "date": "2024-10-11", "close": 14.658113, "volume": 123473151, "typical_volume": 50518657.35, "trend": 15.574562, "fair_value": 13.645408, "relative_strength": -12.519746, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.62073, "energy": 29.486268, "activity_lines": [ 14.554674, 13.709116, 13.958685, 14.740753 ] }, { "date": "2024-10-18", "close": 14.426822, "volume": 71495991, "typical_volume": 50952305.95, "trend": 15.54597, "fair_value": 13.629712, "relative_strength": -16.271596, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -17.882799, "energy": 30.194021, "activity_lines": [ 14.737138, 13.910095, 13.928581, 14.666706 ] }, { "date": "2024-10-25", "close": 14.475008, "volume": 66766406, "typical_volume": 51499763.35, "trend": 15.499378, "fair_value": 13.616505, "relative_strength": -17.925215, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -6.64894, "energy": 24.079928, "activity_lines": [ 14.7532, 14.10056, 13.919999, 14.597611 ] }, { "date": "2024-11-01", "close": 14.407547, "volume": 104962040, "typical_volume": 54727299.0, "trend": 15.407587, "fair_value": 13.616754, "relative_strength": -16.873696, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.933179, "energy": 13.663307, "activity_lines": [ 14.584871, 14.249498, 13.920366, 14.527171 ] }, { "date": "2024-11-08", "close": 15.891669, "volume": 102523588, "typical_volume": 58074112.75, "trend": 15.354996, "fair_value": 13.626115, "relative_strength": -14.00009, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 9.117949, "energy": 15.470342, "activity_lines": [ 14.935021, 14.636386, 14.076442, 14.558402 ] }, { "date": "2024-11-15", "close": 14.455733, "volume": 70410434, "typical_volume": 59573233.75, "trend": 15.255163, "fair_value": 13.627591, "relative_strength": -18.621357, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.708607, "energy": 12.367478, "activity_lines": [ 14.829655, 14.709979, 14.10283, 14.500385 ] }, { "date": "2024-11-22", "close": 14.166618, "volume": 51017772, "typical_volume": 60683529.9, "trend": 15.168101, "fair_value": 13.630026, "relative_strength": -17.677474, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.576465, "energy": 13.078245, "activity_lines": [ 14.641409, 14.684747, 14.11187, 14.430156 ] }, { "date": "2024-11-29", "close": 14.494282, "volume": 38276875, "typical_volume": 59502701.9, "trend": 15.084803, "fair_value": 13.640128, "relative_strength": -16.921589, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.916032, "energy": 13.010419, "activity_lines": [ 14.579731, 14.674058, 14.165747, 14.386684 ] }, { "date": "2024-12-06", "close": 14.552105, "volume": 41547680, "typical_volume": 59267831.55, "trend": 14.979468, "fair_value": 13.657601, "relative_strength": -17.757574, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.07299, "energy": 13.271658, "activity_lines": [ 14.536043, 14.629377, 14.231187, 14.352316 ] }, { "date": "2024-12-13", "close": 14.311176, "volume": 61199580, "typical_volume": 59282717.0, "trend": 14.823774, "fair_value": 13.673186, "relative_strength": -18.303463, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.906527, "energy": 13.802749, "activity_lines": [ 14.402408, 14.544745, 14.274784, 14.309201 ] }, { "date": "2024-12-20", "close": 13.896778, "volume": 41973948, "typical_volume": 58825509.85, "trend": 14.664538, "fair_value": 13.685139, "relative_strength": -19.921015, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.193245, "energy": 14.114322, "activity_lines": [ 14.236006, 14.419813, 14.275564, 14.249394 ] }, { "date": "2024-12-27", "close": 13.684761, "volume": 30476928, "typical_volume": 57860555.2, "trend": 14.521266, "fair_value": 13.68701, "relative_strength": -20.961959, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.111609, "energy": 19.741186, "activity_lines": [ 14.036196, 14.270174, 14.253674, 14.186183 ] }, { "date": "2025-01-03", "close": 13.231814, "volume": 29579076, "typical_volume": 57535874.3, "trend": 14.372211, "fair_value": 13.685863, "relative_strength": -17.384298, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.716181, "energy": 37.950601, "activity_lines": [ 13.717527, 14.051673, 14.187132, 14.102993 ] }, { "date": "2025-01-10", "close": 12.981249, "volume": 31801001, "typical_volume": 57583086.95, "trend": 14.22412, "fair_value": 13.683913, "relative_strength": -17.719909, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.287856, "energy": 61.107716, "activity_lines": [ 13.399501, 13.810219, 14.094982, 14.013253 ] }, { "date": "2025-01-17", "close": 13.472743, "volume": 31135886, "typical_volume": 56572316.25, "trend": 14.094019, "fair_value": 13.6854, "relative_strength": -17.318192, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.88079, "energy": 58.427881, "activity_lines": [ 13.35003, 13.68406, 14.048081, 13.964777 ] }, { "date": "2025-01-24", "close": 13.578753, "volume": 26207091, "typical_volume": 55488017.3, "trend": 13.993471, "fair_value": 13.689978, "relative_strength": -17.450213, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -29.775611, "energy": 47.554232, "activity_lines": [ 13.391792, 13.621156, 14.00912, 13.931534 ] }, { "date": "2025-01-31", "close": 13.655849, "volume": 7730001, "typical_volume": 54284414.9, "trend": 13.881038, "fair_value": 13.695451, "relative_strength": -15.518706, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -17.445406, "energy": 31.129639, "activity_lines": [ 13.480453, 13.588214, 13.969562, 13.909752 ] }, { "date": "2025-02-07", "close": 13.732946, "volume": 22730930, "typical_volume": 53991608.85, "trend": 13.813256, "fair_value": 13.696885, "relative_strength": -18.01246, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -3.642479, "energy": 9.901077, "activity_lines": [ 13.596741, 13.578577, 13.927984, 13.900198 ] }, { "date": "2025-02-14", "close": 13.771495, "volume": 33191086, "typical_volume": 50950454.05, "trend": 13.779526, "fair_value": 13.697016, "relative_strength": -18.764771, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -8.591351, "energy": 8.137725, "activity_lines": [ 13.69247, 13.589791, 13.882047, 13.897504 ] }, { "date": "2025-02-21", "close": 13.241451, "volume": 48487124, "typical_volume": 51749329.4, "trend": 13.767319, "fair_value": 13.69134, "relative_strength": -23.231939, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.855416, "energy": 16.668721, "activity_lines": [ 13.558835, 13.518826, 13.790356, 13.862789 ] }, { "date": "2025-02-28", "close": 13.029435, "volume": 50842910, "typical_volume": 48117817.35, "trend": 13.755754, "fair_value": 13.683329, "relative_strength": -21.437557, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -40.195245, "energy": 38.521948, "activity_lines": [ 13.369947, 13.428763, 13.692746, 13.815184 ] }, { "date": "2025-03-07", "close": 13.414921, "volume": 45466571, "typical_volume": 46816346.35, "trend": 13.757361, "fair_value": 13.669008, "relative_strength": -20.459624, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.088946, "energy": 38.083107, "activity_lines": [ 13.346176, 13.424558, 13.639604, 13.793194 ] }, { "date": "2025-03-14", "close": 14.137708, "volume": 70243532, "typical_volume": 46990202.65, "trend": 13.799764, "fair_value": 13.664658, "relative_strength": -16.827811, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 3.654056, "energy": 11.724934, "activity_lines": [ 13.579395, 13.556674, 13.660117, 13.817733 ] }, { "date": "2025-03-21", "close": 14.899042, "volume": 93659312, "typical_volume": 46425066.25, "trend": 13.874613, "fair_value": 13.67064, "relative_strength": -9.735869, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 41.85711, "energy": 28.553226, "activity_lines": [ 14.039408, 13.810745, 13.754745, 13.888654 ] }, { "date": "2025-03-28", "close": 15.130334, "volume": 171367793, "typical_volume": 49867276.5, "trend": 13.944964, "fair_value": 13.672136, "relative_strength": -7.33904, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 46.732248, "energy": 46.689399, "activity_lines": [ 14.501349, 14.071999, 13.86906, 13.969668 ] }, { "date": "2025-04-04", "close": 14.571379, "volume": 61118448, "typical_volume": 49402677.2, "trend": 14.033626, "fair_value": 13.678313, "relative_strength": -8.23259, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 21.80443, "energy": 43.688701, "activity_lines": [ 14.651046, 14.201488, 13.933767, 14.010082 ] }, { "date": "2025-04-11", "close": 13.125806, "volume": 118848812, "typical_volume": 52794229.2, "trend": 14.08149, "fair_value": 13.682283, "relative_strength": -12.255672, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -4.963246, "energy": 17.2057, "activity_lines": [ 14.216089, 14.050097, 13.860249, 13.951513 ] }, { "date": "2025-04-18", "close": 13.029435, "volume": 45146077, "typical_volume": 53137689.3, "trend": 14.114257, "fair_value": 13.685462, "relative_strength": -11.818284, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.464914, "energy": 18.298127, "activity_lines": [ 13.768283, 13.890821, 13.782509, 13.883639 ] }, { "date": "2025-04-25", "close": 12.605399, "volume": 57439905, "typical_volume": 53932300.55, "trend": 14.042299, "fair_value": 13.680357, "relative_strength": -15.311944, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -65.3868, "energy": 43.015228, "activity_lines": [ 13.253016, 13.667239, 13.671361, 13.786293 ] }, { "date": "2025-05-02", "close": 12.480116, "volume": 28330717, "typical_volume": 52288857.4, "trend": 13.917016, "fair_value": 13.671694, "relative_strength": -15.453142, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.676699, "energy": 52.039213, "activity_lines": [ 12.848898, 13.44208, 13.55755, 13.685507 ] }, { "date": "2025-05-09", "close": 12.615037, "volume": 41559031, "typical_volume": 52268111.55, "trend": 13.848914, "fair_value": 13.655574, "relative_strength": -15.831288, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.99676, "energy": 68.47317, "activity_lines": [ 12.666435, 13.255294, 13.465309, 13.601508 ] }, { "date": "2025-05-16", "close": 12.749956, "volume": 40489095, "typical_volume": 52768719.9, "trend": 13.793018, "fair_value": 13.652543, "relative_strength": -14.592468, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.822587, "energy": 66.611092, "activity_lines": [ 12.659367, 13.100574, 13.392021, 13.530608 ] }, { "date": "2025-05-23", "close": 12.509027, "volume": 31692801, "typical_volume": 52874406.15, "trend": 13.727485, "fair_value": 13.649804, "relative_strength": -14.983495, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.83101, "energy": 59.968096, "activity_lines": [ 12.597047, 12.914139, 13.300238, 13.44777 ] }, { "date": "2025-05-30", "close": 12.595762, "volume": 21907890, "typical_volume": 52379750.6, "trend": 13.667093, "fair_value": 13.651868, "relative_strength": -12.842921, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.137241, "energy": 41.561622, "activity_lines": [ 12.598332, 12.773086, 13.220158, 13.374755 ] }, { "date": "2025-06-06", "close": 12.846328, "volume": 25349330, "typical_volume": 52090422.8, "trend": 13.565581, "fair_value": 13.655653, "relative_strength": -11.588643, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.452032, "energy": 35.576069, "activity_lines": [ 12.683781, 12.719468, 13.165777, 13.321803 ] }, { "date": "2025-06-13", "close": 12.865603, "volume": 37038085, "typical_volume": 52631972.5, "trend": 13.512577, "fair_value": 13.657839, "relative_strength": -10.176087, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.656934, "energy": 29.248169, "activity_lines": [ 12.751242, 12.710882, 13.116214, 13.276643 ] }, { "date": "2025-06-20", "close": 13.048709, "volume": 34228758, "typical_volume": 53956910.35, "trend": 13.475313, "fair_value": 13.660453, "relative_strength": -7.057797, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.888453, "energy": 22.462999, "activity_lines": [ 12.863033, 12.766603, 13.087487, 13.246716 ] }, { "date": "2025-06-27", "close": 14.07, "volume": 55749832, "typical_volume": 55607855.45, "trend": 13.461171, "fair_value": 13.661867, "relative_strength": -2.697101, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -4.881119, "energy": 13.409422, "activity_lines": [ 13.295338, 13.009414, 13.158916, 13.285083 ] }, { "date": "2025-07-04", "close": 13.99, "volume": 53601889, "typical_volume": 56628395.6, "trend": 13.442434, "fair_value": 13.662446, "relative_strength": -3.614897, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 15.799715, "energy": 24.712242, "activity_lines": [ 13.596911, 13.218761, 13.221121, 13.319201 ] }, { "date": "2025-07-11", "close": 14.13, "volume": 43402870, "typical_volume": 56374182.9, "trend": 13.436395, "fair_value": 13.67089, "relative_strength": -3.739365, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 35.094943, "energy": 55.047089, "activity_lines": [ 13.852201, 13.428387, 13.295619, 13.36356 ] }, { "date": "2025-07-18", "close": 14.06, "volume": 38281712, "typical_volume": 55746123.0, "trend": 13.441835, "fair_value": 13.68187, "relative_strength": -5.635062, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 29.938075, "energy": 61.067822, "activity_lines": [ 13.998581, 13.595289, 13.359219, 13.403792 ] }, { "date": "2025-07-25", "close": 14.7, "volume": 69770234, "typical_volume": 56961306.15, "trend": 13.475677, "fair_value": 13.696426, "relative_strength": -3.222763, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 73.984518, "energy": 81.09449, "activity_lines": [ 14.278667, 13.852282, 13.478864, 13.484964 ] }, { "date": "2025-08-01", "close": 13.85, "volume": 53193979, "typical_volume": 56108828.5, "trend": 13.496283, "fair_value": 13.706235, "relative_strength": -6.952243, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.065603, "energy": 67.428692, "activity_lines": [ 14.165333, 13.919274, 13.511437, 13.509114 ] }, { "date": "2025-08-08", "close": 14.23, "volume": 39732547, "typical_volume": 53412490.25, "trend": 13.537908, "fair_value": 13.727847, "relative_strength": -5.156586, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.048324, "energy": 46.786552, "activity_lines": [ 14.193333, 14.030976, 13.58157, 13.556451 ] }, { "date": "2025-08-15", "close": 14.53, "volume": 52990422, "typical_volume": 47493621.7, "trend": 13.57315, "fair_value": 13.748163, "relative_strength": -6.981463, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.797278, "energy": 50.24952, "activity_lines": [ 14.305333, 14.167509, 13.683461, 13.620457 ] }, { "date": "2025-08-22", "close": 14.4, "volume": 47834481, "typical_volume": 46829423.35, "trend": 13.600525, "fair_value": 13.766298, "relative_strength": -11.379551, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.073674, "energy": 42.958048, "activity_lines": [ 14.347333, 14.249795, 13.77583, 13.673802 ] }, { "date": "2025-08-29", "close": 14.7, "volume": 79141328, "typical_volume": 44844049.15, "trend": 13.63533, "fair_value": 13.788406, "relative_strength": -12.806134, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.294399, "energy": 47.919958, "activity_lines": [ 14.466667, 14.358727, 13.897586, 13.744736 ] }, { "date": "2025-09-05", "close": 15.07, "volume": 82696939, "typical_volume": 46721592.25, "trend": 13.679898, "fair_value": 13.811363, "relative_strength": -9.510504, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.022618, "energy": 60.829192, "activity_lines": [ 14.709333, 14.504909, 14.047085, 13.837295 ] }, { "date": "2025-09-12", "close": 16.48, "volume": 81523836, "typical_volume": 47925788.8, "trend": 13.770182, "fair_value": 13.844413, "relative_strength": -3.332263, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.776561, "energy": 82.168511, "activity_lines": [ 15.340667, 14.889273, 14.321152, 14.017947 ] }, { "date": "2025-09-19", "close": 15.37, "volume": 68773425, "typical_volume": 49947924.2, "trend": 13.841133, "fair_value": 13.871928, "relative_strength": -10.442892, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.443814, "energy": 69.385588, "activity_lines": [ 15.452, 15.026545, 14.471054, 14.121161 ] }, { "date": "2025-09-26", "close": 15.8, "volume": 66465093, "typical_volume": 51193227.3, "trend": 13.933485, "fair_value": 13.904072, "relative_strength": -8.423314, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.995138, "energy": 74.031181, "activity_lines": [ 15.650667, 15.219455, 14.648147, 14.24754 ] }, { "date": "2025-10-03", "close": 17.91, "volume": 67306849, "typical_volume": 52534115.0, "trend": 14.083321, "fair_value": 13.94623, "relative_strength": 1.69612, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.337508, "energy": 89.747187, "activity_lines": [ 16.459333, 15.764364, 15.011026, 14.504089 ] }, { "date": "2025-10-10", "close": 18.969999, "volume": 119717080, "typical_volume": 56935328.95, "trend": 14.244398, "fair_value": 14.000627, "relative_strength": 9.153816, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.423787, "energy": 92.401033, "activity_lines": [ 17.407333, 16.443636, 15.450286, 14.819358 ] }, { "date": "2025-10-17", "close": 17.43, "volume": 148223164, "typical_volume": 63251092.65, "trend": 14.328763, "fair_value": 14.044742, "relative_strength": 5.590439, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.526997, "energy": 80.466634, "activity_lines": [ 17.582, 16.749818, 15.712113, 15.024881 ] }, { "date": "2025-10-24", "close": 18.25, "volume": 80618587, "typical_volume": 66014555.5, "trend": 14.432752, "fair_value": 14.098212, "relative_strength": 5.548302, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.442915, "energy": 84.460474, "activity_lines": [ 17.966666, 17.146909, 16.029014, 15.277864 ] }, { "date": "2025-10-31", "close": 18.75, "volume": 95682165, "typical_volume": 68946759.5, "trend": 14.572039, "fair_value": 14.15395, "relative_strength": 7.680908, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.471552, "energy": 73.353696, "activity_lines": [ 18.326, 17.567273, 16.367803, 15.556396 ] }, { "date": "2025-11-07", "close": 18.360001, "volume": 72723351, "typical_volume": 70871489.15, "trend": 14.746512, "fair_value": 14.207539, "relative_strength": 5.321892, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.083794, "energy": 58.428066, "activity_lines": [ 18.358667, 17.837636, 16.641429, 15.800781 ] }, { "date": "2025-11-14", "close": 18.719999, "volume": 59923219, "typical_volume": 71080158.5, "trend": 14.936198, "fair_value": 14.271573, "relative_strength": 8.799637, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.708176, "energy": 57.854351, "activity_lines": [ 18.481333, 18.106909, 16.924048, 16.057135 ] }, { "date": "2025-11-21", "close": 17.129999, "volume": 49563534, "typical_volume": 70878240.75, "trend": 15.087018, "fair_value": 14.322079, "relative_strength": 4.927858, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.431694, "energy": 44.95005, "activity_lines": [ 18.090666, 18.020727, 17.033095, 16.19867 ] }, { "date": "2025-11-28", "close": 17.950001, "volume": 38869694, "typical_volume": 70651581.95, "trend": 15.269347, "fair_value": 14.371576, "relative_strength": 6.14782, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.469274, "energy": 35.107698, "activity_lines": [ 17.993333, 18.071818, 17.205286, 16.383379 ] }, { "date": "2025-12-05", "close": 19.51, "volume": 72286584, "typical_volume": 72351825.55, "trend": 15.499179, "fair_value": 14.432713, "relative_strength": 13.709945, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.321754, "energy": 45.592707, "activity_lines": [ 18.436, 18.359636, 17.507857, 16.65697 ] }, { "date": "2025-12-12", "close": 18.76, "volume": 50001114, "typical_volume": 71363369.55, "trend": 15.699514, "fair_value": 14.488632, "relative_strength": 8.29998, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.489761, "energy": 40.019298, "activity_lines": [ 18.578, 18.443636, 17.713048, 16.867345 ] }, { "date": "2025-12-19", "close": 19.299999, "volume": 45719870, "typical_volume": 70989664.1, "trend": 15.92588, "fair_value": 14.546081, "relative_strength": 12.149014, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.605748, "energy": 47.270455, "activity_lines": [ 18.873333, 18.610363, 17.950333, 17.099634 ] }, { "date": "2025-12-26", "close": 21.18, "volume": 69555100, "typical_volume": 72480791.75, "trend": 16.212021, "fair_value": 14.600712, "relative_strength": 18.403592, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.997149, "energy": 73.280137, "activity_lines": [ 19.756666, 19.112909, 18.340714, 17.43861 ] }, { "date": "2026-01-02", "close": 21.17, "volume": 56175582, "typical_volume": 72640049.75, "trend": 16.489477, "fair_value": 14.655279, "relative_strength": 18.64167, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.494188, "energy": 78.010556, "activity_lines": [ 20.366666, 19.545454, 18.697047, 17.75848 ] }, { "date": "2026-01-09", "close": 22.860001, "volume": 107587292, "typical_volume": 75627690.3, "trend": 16.822624, "fair_value": 14.724308, "relative_strength": 22.189903, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.219562, "energy": 89.106626, "activity_lines": [ 21.325334, 20.232182, 19.182714, 18.169481 ] }, { "date": "2026-01-16", "close": 24.629999, "volume": 135564482, "typical_volume": 78448848.0, "trend": 17.208667, "fair_value": 14.805211, "relative_strength": 29.418191, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.991468, "energy": 95.146145, "activity_lines": [ 22.650667, 21.166, 19.796667, 18.673183 ] }, { "date": "2026-01-23", "close": 25.02, "volume": 93553572, "typical_volume": 78991679.65, "trend": 17.573667, "fair_value": 14.891013, "relative_strength": 29.252429, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.337239, "energy": 93.358528, "activity_lines": [ 23.714667, 22.056727, 20.400476, 19.17714 ] }, { "date": "2026-01-30", "close": 24.17, "volume": 142687662, "typical_volume": 82049870.95, "trend": 17.913, "fair_value": 14.96001, "relative_strength": 26.269758, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.762346, "energy": 86.645979, "activity_lines": [ 24.114, 22.678364, 20.875952, 19.60271 ] }, { "date": "2026-02-06", "close": 23.16, "volume": 139391687, "typical_volume": 85580784.05, "trend": 18.214, "fair_value": 15.019255, "relative_strength": 22.952272, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.406424, "energy": 62.196197, "activity_lines": [ 23.977333, 22.988364, 21.218619, 19.941226 ] }, { "date": "2026-02-13", "close": 23.299999, "volume": 82216875, "typical_volume": 86368373.15, "trend": 18.522, "fair_value": 15.08367, "relative_strength": 21.35855, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.971755, "energy": 54.839796, "activity_lines": [ 23.754666, 23.229091, 21.537524, 20.269355 ] }, { "date": "2026-02-27", "close": 24.5, "volume": 70309114, "typical_volume": 86518486.4, "trend": 18.848667, "fair_value": 15.1597, "relative_strength": 23.286864, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.791355, "energy": 51.964215, "activity_lines": [ 23.902666, 23.619091, 21.935, 20.655032 ] }, { "date": "2026-03-06", "close": 21.59, "volume": 102157324, "typical_volume": 85640498.6, "trend": 19.106667, "fair_value": 15.212861, "relative_strength": 10.656667, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.954816, "energy": 32.156607, "activity_lines": [ 23.089333, 23.375636, 22.023952, 20.831892 ] }, { "date": "2026-03-13", "close": 20.719999, "volume": 82429112, "typical_volume": 82350796.0, "trend": 19.323, "fair_value": 15.253947, "relative_strength": 5.079528, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.758948, "energy": 19.665258, "activity_lines": [ 22.214666, 22.932363, 22.017571, 20.935978 ] }, { "date": "2026-03-20", "close": 18.66, "volume": 79538237, "typical_volume": 82296778.5, "trend": 19.460667, "fair_value": 15.279779, "relative_strength": -2.616759, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.016616, "energy": 15.174274, "activity_lines": [ 20.883333, 22.122909, 21.799333, 20.893204 ] }, { "date": "2026-03-27", "close": 18.370001, "volume": 80800698, "typical_volume": 81552705.15, "trend": 19.593, "fair_value": 15.313235, "relative_strength": -3.313414, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -11.015467, "energy": 27.878049, "activity_lines": [ 19.755333, 21.306364, 21.551524, 20.822839 ] }, { "date": "2026-04-03", "close": 17.75, "volume": 52360146, "typical_volume": 80534544.9, "trend": 19.694667, "fair_value": 15.345937, "relative_strength": -3.595419, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -32.811261, "energy": 40.966301, "activity_lines": [ 18.749333, 20.458727, 21.246476, 20.703935 ] }, { "date": "2026-04-10", "close": 18.709999, "volume": 38351556, "typical_volume": 79455961.75, "trend": 19.816, "fair_value": 15.385789, "relative_strength": -5.04445, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.098853, "energy": 47.995496, "activity_lines": [ 18.513333, 19.910727, 21.035762, 20.640408 ] }, { "date": "2026-04-17", "close": 18.16206, "volume": 51382446, "typical_volume": 79546907.35, "trend": 19.872069, "fair_value": 15.41721, "relative_strength": -11.249767, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.261878, "energy": 56.444561, "activity_lines": [ 18.286687, 19.377829, 20.77291, 20.533703 ] }, { "date": "2026-04-24", "close": 17.711601, "volume": 42709439, "typical_volume": 79738894.6, "trend": 19.950122, "fair_value": 15.449022, "relative_strength": -13.591769, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.639192, "energy": 54.446235, "activity_lines": [ 18.080416, 18.872264, 20.462243, 20.394318 ] }, { "date": "2026-05-01", "close": 16.101456, "volume": 67842490, "typical_volume": 79516689.9, "trend": 19.96017, "fair_value": 15.46618, "relative_strength": -22.092504, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.064613, "energy": 58.337111, "activity_lines": [ 17.400657, 18.173008, 19.999365, 20.146017 ] }, { "date": "2026-05-08", "close": 17.309065, "volume": 64314895, "typical_volume": 80232378.95, "trend": 19.940139, "fair_value": 15.498222, "relative_strength": -18.534509, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.591392, "energy": 54.813148, "activity_lines": [ 17.274671, 17.8242, 19.667728, 19.974978 ] }, { "date": "2026-05-15", "close": 15.881019, "volume": 74474585, "typical_volume": 81670114.7, "trend": 19.837173, "fair_value": 15.518709, "relative_strength": -25.006101, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -75.573907, "energy": 79.763301, "activity_lines": [ 16.702066, 17.346491, 19.206995, 19.713099 ] }, { "date": "2026-05-22", "close": 15.104699, "volume": 71572890, "typical_volume": 81771004.2, "trend": 19.759663, "fair_value": 15.534747, "relative_strength": -28.549534, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.579538, "energy": 86.021075, "activity_lines": [ 16.059285, 16.831432, 18.688608, 19.407778 ] }, { "date": "2026-05-29", "close": 14.874679, "volume": 66610440, "typical_volume": 82292747.1, "trend": 19.647153, "fair_value": 15.550832, "relative_strength": -29.256878, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.060573, "energy": 85.841005, "activity_lines": [ 15.543656, 16.376648, 18.177245, 19.092618 ] }, { "date": "2026-06-05", "close": 14.107943, "volume": 14632965, "typical_volume": 77645030.75, "trend": 19.492417, "fair_value": 15.563642, "relative_strength": -31.436933, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.974192, "energy": 91.155082, "activity_lines": [ 14.961575, 15.851282, 17.622837, 18.735249 ] }, { "date": "2026-06-12", "close": 13.830001, "volume": 18580102, "typical_volume": 71795811.75, "trend": 19.341417, "fair_value": 15.577831, "relative_strength": -30.876163, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.795474, "energy": 90.264375, "activity_lines": [ 14.419749, 15.352873, 17.083634, 18.369932 ] }, { "date": "2026-06-19", "close": 13.8, "volume": 55395736, "typical_volume": 69887919.95, "trend": 19.177417, "fair_value": 15.587671, "relative_strength": -35.236168, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.852593, "energy": 89.284919, "activity_lines": [ 14.099859, 14.920282, 16.593003, 18.012421 ] }, { "date": "2026-06-26", "close": 12.48, "volume": 14259785, "typical_volume": 63466526.1, "trend": 19.022417, "fair_value": 15.589459, "relative_strength": -40.063601, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.967215, "energy": 93.254792, "activity_lines": [ 13.478705, 14.336963, 16.030087, 17.58033 ] }, { "date": "2026-07-03", "close": 12.89, "volume": 14546676, "typical_volume": 57224275.55, "trend": 18.853751, "fair_value": 15.589895, "relative_strength": -36.874445, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.541191, "energy": 86.251899, "activity_lines": [ 13.169196, 13.9315, 15.561884, 17.18469 ] }, { "date": "2026-07-10", "close": 13.15, "volume": 73869799, "typical_volume": 56806921.75, "trend": 18.641751, "fair_value": 15.595335, "relative_strength": -32.792109, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.524051, "energy": 70.022026, "activity_lines": [ 13.078667, 13.660975, 15.167348, 16.816706 ] }, { "date": "2026-07-17", "close": 13.03, "volume": 108580635, "typical_volume": 58720497.8, "trend": 18.450751, "fair_value": 15.59806, "relative_strength": -26.493393, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.731582, "energy": 65.119883, "activity_lines": [ 13.012, 13.422295, 14.809717, 16.454658 ] }, { "date": "2026-07-24", "close": 13.69, "volume": 88564551, "typical_volume": 58040859.15, "trend": 18.263751, "fair_value": 15.60346, "relative_strength": -22.812307, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.168165, "energy": 58.963808, "activity_lines": [ 13.218667, 13.381416, 14.569562, 16.147512 ] }, { "date": "2026-07-31", "close": 14.69, "volume": 85677267, "typical_volume": 58203266.9, "trend": 18.047417, "fair_value": 15.610422, "relative_strength": -15.684852, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.90318, "energy": 44.225013, "activity_lines": [ 13.766, 13.562192, 14.462265, 15.916948 ] }, { "date": "2026-08-07", "close": 14.72, "volume": 75411479, "typical_volume": 57996929.0, "trend": 17.832417, "fair_value": 15.619252, "relative_strength": -19.555486, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.620992, "energy": 32.461558, "activity_lines": [ 14.176, 13.755963, 14.386538, 15.702276 ] } ], "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." } } }