{ "ticker": { "uuid": "34e9ed57-6160-4edb-90ab-420dddc78c05", "symbol": "600706", "name": "Xi'an Qujiang Cultural Tourism 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": -51.796, "architecture_energy": 47.333, "architecture_maturity": 100.0, "architecture_confidence": 69.562, "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": 14.54, "rotation_up": 27.37, "upward_expansion": 19.89, "deceleration": 67.0, "rotation_down": 46.57, "downward_expansion": 72.22 }, "activity_lines": [ 7.254667, 7.186, 7.706524, 8.272774 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 7.6, "trend_reference": 9.074333, "distance_from_trend": -0.162473, "trend_direction": "Weakening", "fair_value": 11.086987, "distance_from_fair_value": -0.314512, "fair_value_direction": "Weakening", "relative_strength": -22.304556, "relative_strength_direction": "Weakening", "price_momentum": -0.307201, "excess_performance": -0.263998, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.162473, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.118712, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.314512, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.116833, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.223046, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.058628, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.307201, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.364263, "read": "Supply-led" } ], "volume": { "latest": 29094203, "relative_activity": 1.102046, "balance": 0.364263, "dry_up": 1.487265, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.083097, "annualized_volatility": 0.320768, "from_high_reference": -0.46816, "from_low_reference": 0.183801 }, "levels": { "trend_reference": 9.074333, "fair_value_reference": 11.086987, "structural_low": 6.42, "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": 24, "median_return": 0.005753, "positive_rate": 0.583333, "directional_follow_through": 0.416667, "median_excess_return": -0.002714, "regime_survival": 0.708333, "best_return": 0.318573, "worst_return": -0.186186, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": 0.022114, "positive_rate": 0.7, "directional_follow_through": 0.3, "median_excess_return": 0.001153, "regime_survival": 0.5, "best_return": 0.618834, "worst_return": -0.276735, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.163309, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": 0.059405, "regime_survival": 0.0, "best_return": 0.648402, "worst_return": -0.157639, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.212736, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.129935, "regime_survival": 0.5, "best_return": 0.835417, "worst_return": -0.318892, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-05-10", "end": "2024-10-25", "tenure": "Established", "return": -0.237672, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-01", "end": "2024-11-15", "tenure": "New", "return": 0.039625, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-11-22", "end": "2024-12-13", "tenure": "New", "return": 0.395349, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-20", "end": "2025-01-03", "tenure": "New", "return": -0.176523, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-10", "end": "2025-03-14", "tenure": "Developing", "return": 0.28032, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-21", "end": "2025-04-11", "tenure": "New", "return": -0.107143, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-18", "end": "2025-05-09", "tenure": "New", "return": -0.053719, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-16", "end": "2025-06-20", "tenure": "Developing", "return": 0.040179, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-27", "end": "2025-07-18", "tenure": "New", "return": 0.087685, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-25", "end": "2025-10-24", "tenure": "Established", "return": -0.024691, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-31", "end": "2025-12-19", "tenure": "Developing", "return": 0.189137, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-26", "end": "2026-01-23", "tenure": "Developing", "return": 0.023723, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-30", "end": "2026-03-13", "tenure": "Developing", "return": -0.071103, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-20", "end": "2026-08-07", "tenure": "Established", "return": -0.232323, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 17.450001, "volume": 111498717, "typical_volume": 135067363.55, "trend": 14.896, "fair_value": 9.652692, "relative_strength": 34.882181, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.187928, "energy": 28.526434, "activity_lines": [ 17.304, 17.204364, 16.989143, 16.114215 ] }, { "date": "2023-08-04", "close": 17.25, "volume": 109200747, "typical_volume": 136580356.05, "trend": 15.026333, "fair_value": 9.712821, "relative_strength": 31.522312, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.429163, "energy": 20.630913, "activity_lines": [ 17.25, 17.256909, 17.062524, 16.266086 ] }, { "date": "2023-08-11", "close": 17.049999, "volume": 54281061, "typical_volume": 132413158.55, "trend": 15.153, "fair_value": 9.774038, "relative_strength": 32.571741, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 35.513238, "energy": 20.013233, "activity_lines": [ 17.172, 17.235273, 17.096619, 16.396645 ] }, { "date": "2023-08-18", "close": 15.38, "volume": 53366829, "typical_volume": 128457731.2, "trend": 15.287333, "fair_value": 9.823654, "relative_strength": 20.605964, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.79138, "energy": 5.54006, "activity_lines": [ 16.593333, 16.893818, 16.951095, 16.41129 ] }, { "date": "2023-08-25", "close": 14.95, "volume": 41486060, "typical_volume": 126820587.3, "trend": 15.395667, "fair_value": 9.868526, "relative_strength": 18.709032, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -3.015572, "energy": 12.898482, "activity_lines": [ 15.958, 16.507091, 16.75519, 16.389527 ] }, { "date": "2023-09-01", "close": 16.120001, "volume": 59138419, "typical_volume": 119189781.9, "trend": 15.557667, "fair_value": 9.918397, "relative_strength": 23.794999, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.692538, "energy": 16.623491, "activity_lines": [ 15.859334, 16.385455, 16.661429, 16.436258 ] }, { "date": "2023-09-08", "close": 17.620001, "volume": 119769586, "typical_volume": 110059485.4, "trend": 15.769, "fair_value": 9.976218, "relative_strength": 34.361474, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.711258, "energy": 17.064681, "activity_lines": [ 16.349334, 16.538, 16.733429, 16.569312 ] }, { "date": "2023-09-15", "close": 18.75, "volume": 189938854, "typical_volume": 110391131.05, "trend": 16.029333, "fair_value": 10.041474, "relative_strength": 41.067289, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 48.993274, "energy": 23.099796, "activity_lines": [ 17.191334, 16.900909, 16.920095, 16.761634 ] }, { "date": "2023-09-22", "close": 16.68, "volume": 200231825, "typical_volume": 117065530.7, "trend": 16.219667, "fair_value": 10.095128, "relative_strength": 23.64301, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.865313, "energy": 20.52073, "activity_lines": [ 17.23, 16.871818, 16.903667, 16.803613 ] }, { "date": "2023-09-29", "close": 16.059999, "volume": 82920980, "typical_volume": 113281186.55, "trend": 16.371, "fair_value": 10.146859, "relative_strength": 18.816323, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.331165, "energy": 16.444687, "activity_lines": [ 16.975333, 16.73, 16.826, 16.793312 ] }, { "date": "2023-10-13", "close": 14.39, "volume": 67803827, "typical_volume": 107387572.7, "trend": 16.461333, "fair_value": 10.185769, "relative_strength": 6.45291, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -34.73726, "energy": 21.295922, "activity_lines": [ 16.09, 16.304364, 16.597524, 16.665505 ] }, { "date": "2023-10-20", "close": 13.28, "volume": 42510283, "typical_volume": 103539479.95, "trend": 16.470667, "fair_value": 10.222308, "relative_strength": 1.007635, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -74.983778, "energy": 67.573288, "activity_lines": [ 14.95, 15.732545, 16.272476, 16.460258 ] }, { "date": "2023-10-27", "close": 14.08, "volume": 52869382, "typical_volume": 100303542.2, "trend": 16.515667, "fair_value": 10.265449, "relative_strength": 4.935668, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.683341, "energy": 70.369974, "activity_lines": [ 14.366, 15.378364, 16.032619, 16.306022 ] }, { "date": "2023-11-03", "close": 14.08, "volume": 39586733, "typical_volume": 93521563.8, "trend": 16.538333, "fair_value": 10.308013, "relative_strength": 3.641653, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.060743, "energy": 73.657792, "activity_lines": [ 14.093333, 15.078182, 15.802667, 16.148882 ] }, { "date": "2023-11-10", "close": 14.35, "volume": 59164280, "typical_volume": 90663210.15, "trend": 16.583333, "fair_value": 10.353077, "relative_strength": 4.502624, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.898762, "energy": 70.753283, "activity_lines": [ 14.084, 14.850727, 15.613238, 16.007699 ] }, { "date": "2023-11-17", "close": 14.55, "volume": 56552880, "typical_volume": 89918505.9, "trend": 16.370667, "fair_value": 10.400449, "relative_strength": 4.715425, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.567721, "energy": 50.344081, "activity_lines": [ 14.255333, 14.670545, 15.459429, 15.876516 ] }, { "date": "2023-11-24", "close": 15.19, "volume": 87045168, "typical_volume": 87032697.1, "trend": 16.240333, "fair_value": 10.451859, "relative_strength": 9.100795, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.363648, "energy": 33.632152, "activity_lines": [ 14.629333, 14.635273, 15.374429, 15.800344 ] }, { "date": "2023-12-01", "close": 15.55, "volume": 75612149, "typical_volume": 84149827.35, "trend": 16.175333, "fair_value": 10.504551, "relative_strength": 11.075906, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.023071, "energy": 21.181513, "activity_lines": [ 14.996, 14.709636, 15.336571, 15.755806 ] }, { "date": "2023-12-08", "close": 14.84, "volume": 69864847, "typical_volume": 82237751.3, "trend": 16.129333, "fair_value": 10.551603, "relative_strength": 7.259621, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.718845, "energy": 18.38228, "activity_lines": [ 15.028, 14.713091, 15.242238, 15.669656 ] }, { "date": "2023-12-15", "close": 16.1, "volume": 85846749, "typical_volume": 82934468.8, "trend": 16.073, "fair_value": 10.605705, "relative_strength": 16.357252, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.135097, "energy": 16.541795, "activity_lines": [ 15.429333, 14.979091, 15.276667, 15.667763 ] }, { "date": "2023-12-22", "close": 15.67, "volume": 151255075, "typical_volume": 84922286.7, "trend": 16.051667, "fair_value": 10.656987, "relative_strength": 13.393299, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.130362, "energy": 16.333024, "activity_lines": [ 15.570667, 15.166182, 15.275143, 15.641763 ] }, { "date": "2023-12-29", "close": 14.82, "volume": 73485185, "typical_volume": 83136508.6, "trend": 16.04, "fair_value": 10.701603, "relative_strength": 4.559481, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.217238, "energy": 16.590817, "activity_lines": [ 15.354, 15.175455, 15.201143, 15.562301 ] }, { "date": "2024-01-05", "close": 15.33, "volume": 63342820, "typical_volume": 83589596.55, "trend": 16.012333, "fair_value": 10.753205, "relative_strength": 9.169994, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.802126, "energy": 11.151963, "activity_lines": [ 15.332, 15.249455, 15.187286, 15.516495 ] }, { "date": "2024-01-12", "close": 14.64, "volume": 83466585, "typical_volume": 85094584.35, "trend": 15.927333, "fair_value": 10.799744, "relative_strength": 5.641079, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.335267, "energy": 18.649569, "activity_lines": [ 15.094667, 15.175273, 15.115905, 15.427957 ] }, { "date": "2024-01-19", "close": 14.54, "volume": 166958752, "typical_volume": 91368218.95, "trend": 15.817667, "fair_value": 10.846859, "relative_strength": 6.361726, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.524899, "energy": 25.536235, "activity_lines": [ 14.837333, 15.072727, 15.038524, 15.338452 ] }, { "date": "2024-01-26", "close": 13.9, "volume": 56349012, "typical_volume": 91228748.6, "trend": 15.741, "fair_value": 10.890128, "relative_strength": -1.523542, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.223931, "energy": 42.774921, "activity_lines": [ 14.470667, 14.850364, 14.902143, 15.214731 ] }, { "date": "2024-02-02", "close": 11.99, "volume": 58519283, "typical_volume": 88166233.45, "trend": 15.544333, "fair_value": 10.923526, "relative_strength": -9.741723, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -77.711324, "energy": 67.032058, "activity_lines": [ 13.585333, 14.292545, 14.594429, 14.972731 ] }, { "date": "2024-02-09", "close": 11.94, "volume": 47515399, "typical_volume": 81045060.7, "trend": 15.346, "fair_value": 10.959423, "relative_strength": -14.617172, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.613448, "energy": 72.158177, "activity_lines": [ 12.872, 13.783818, 14.308762, 14.740194 ] }, { "date": "2024-02-23", "close": 12.67, "volume": 52381909, "typical_volume": 73652564.9, "trend": 15.212333, "fair_value": 10.999615, "relative_strength": -13.844471, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.972165, "energy": 68.564488, "activity_lines": [ 12.628, 13.473455, 14.125048, 14.567548 ] }, { "date": "2024-03-01", "close": 12.93, "volume": 57972308, "typical_volume": 72405131.3, "trend": 15.071667, "fair_value": 11.042051, "relative_strength": -13.019704, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.328276, "energy": 64.794697, "activity_lines": [ 12.602, 13.249818, 13.98519, 14.420301 ] }, { "date": "2024-03-08", "close": 13.51, "volume": 66799082, "typical_volume": 72354894.05, "trend": 14.940333, "fair_value": 11.090705, "relative_strength": -10.064421, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.930368, "energy": 38.385769, "activity_lines": [ 12.876667, 13.189273, 13.915476, 14.319548 ] }, { "date": "2024-03-15", "close": 13.99, "volume": 50085602, "typical_volume": 72733660.0, "trend": 14.831667, "fair_value": 11.141218, "relative_strength": -7.535191, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.848201, "energy": 22.67197, "activity_lines": [ 13.337333, 13.255273, 13.895667, 14.258237 ] }, { "date": "2024-03-22", "close": 15.37, "volume": 80179115, "typical_volume": 74099146.65, "trend": 14.775667, "fair_value": 11.197564, "relative_strength": 1.244976, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -13.856919, "energy": 13.461332, "activity_lines": [ 14.124667, 13.587273, 14.003905, 14.292968 ] }, { "date": "2024-03-29", "close": 15.71, "volume": 60979237, "typical_volume": 75168771.85, "trend": 14.786667, "fair_value": 11.255705, "relative_strength": 3.253247, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 14.320176, "energy": 22.337077, "activity_lines": [ 14.796667, 13.980364, 14.138381, 14.353247 ] }, { "date": "2024-04-05", "close": 15.47, "volume": 45155973, "typical_volume": 74468356.5, "trend": 14.804, "fair_value": 11.310705, "relative_strength": 0.303704, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 20.966694, "energy": 28.740977, "activity_lines": [ 15.186, 14.310364, 14.242238, 14.397333 ] }, { "date": "2024-04-12", "close": 16.23, "volume": 119364421, "typical_volume": 77608933.55, "trend": 14.807667, "fair_value": 11.370321, "relative_strength": 6.445918, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 30.162393, "energy": 44.295035, "activity_lines": [ 15.659333, 14.761636, 14.413143, 14.489333 ] }, { "date": "2024-04-19", "close": 13.06, "volume": 96733784, "typical_volume": 78093364.35, "trend": 14.655667, "fair_value": 11.409103, "relative_strength": -15.737869, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -2.863442, "energy": 13.071227, "activity_lines": [ 14.894667, 14.594182, 14.274143, 14.376581 ] }, { "date": "2024-04-26", "close": 12.23, "volume": 67736782, "typical_volume": 77699596.0, "trend": 14.438333, "fair_value": 11.441538, "relative_strength": -20.995972, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -46.57777, "energy": 21.649028, "activity_lines": [ 13.915333, 14.256364, 14.066238, 14.220086 ] }, { "date": "2024-05-03", "close": 11.88, "volume": 36475441, "typical_volume": 76030125.7, "trend": 14.278333, "fair_value": 11.470321, "relative_strength": -23.078777, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -54.561256, "energy": 39.337417, "activity_lines": [ 13.028667, 13.849636, 13.84081, 14.055032 ] }, { "date": "2024-05-10", "close": 12.37, "volume": 61784577, "typical_volume": 74827017.1, "trend": 14.155333, "fair_value": 11.501218, "relative_strength": -20.756627, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.558961, "energy": 54.691714, "activity_lines": [ 12.560667, 13.546364, 13.676143, 13.931914 ] }, { "date": "2024-05-17", "close": 12.25, "volume": 54380717, "typical_volume": 69983299.2, "trend": 14.084, "fair_value": 11.529487, "relative_strength": -21.212212, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.927225, "energy": 69.901197, "activity_lines": [ 12.259333, 13.231455, 13.51781, 13.808989 ] }, { "date": "2024-05-24", "close": 11.44, "volume": 52590024, "typical_volume": 68938541.15, "trend": 14.022667, "fair_value": 11.554231, "relative_strength": -24.358513, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.402274, "energy": 74.473499, "activity_lines": [ 11.953333, 12.792182, 13.298619, 13.638409 ] }, { "date": "2024-05-31", "close": 11.43, "volume": 23825340, "typical_volume": 66962667.15, "trend": 13.934333, "fair_value": 11.582372, "relative_strength": -23.996819, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.700649, "energy": 70.962078, "activity_lines": [ 11.752, 12.397455, 13.094571, 13.47114 ] }, { "date": "2024-06-07", "close": 10.12, "volume": 54524889, "typical_volume": 65515582.35, "trend": 13.802333, "fair_value": 11.605064, "relative_strength": -31.544144, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.219636, "energy": 78.343547, "activity_lines": [ 11.167333, 11.836182, 12.784333, 13.225054 ] }, { "date": "2024-06-14", "close": 10.13, "volume": 21835710, "typical_volume": 58259430.25, "trend": 13.661667, "fair_value": 11.626795, "relative_strength": -30.597162, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.843366, "energy": 79.695429, "activity_lines": [ 10.703333, 11.378364, 12.496571, 12.988129 ] }, { "date": "2024-06-21", "close": 9.97, "volume": 19265121, "typical_volume": 56405235.7, "trend": 13.509, "fair_value": 11.647756, "relative_strength": -30.352481, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.841302, "energy": 83.709017, "activity_lines": [ 10.335333, 10.988545, 12.214571, 12.749957 ] }, { "date": "2024-06-28", "close": 9.51, "volume": 28566148, "typical_volume": 54907578.95, "trend": 13.319667, "fair_value": 11.665256, "relative_strength": -32.266107, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.905544, "energy": 86.018062, "activity_lines": [ 9.966, 10.628909, 11.907476, 12.491957 ] }, { "date": "2024-07-05", "close": 9.88, "volume": 38885302, "typical_volume": 54476074.1, "trend": 13.130667, "fair_value": 11.685577, "relative_strength": -28.716746, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.938396, "energy": 75.350388, "activity_lines": [ 9.848667, 10.401091, 11.647429, 12.270043 ] }, { "date": "2024-07-12", "close": 9.52, "volume": 51563328, "typical_volume": 54435145.05, "trend": 12.953333, "fair_value": 11.702308, "relative_strength": -31.136243, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.472655, "energy": 70.361948, "activity_lines": [ 9.714667, 10.150545, 11.362905, 12.037097 ] }, { "date": "2024-07-19", "close": 9.04, "volume": 20510985, "typical_volume": 52562078.9, "trend": 12.718, "fair_value": 11.716026, "relative_strength": -34.151656, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.516877, "energy": 81.804289, "activity_lines": [ 9.460667, 9.855636, 11.047667, 11.784624 ] }, { "date": "2024-07-26", "close": 8.73, "volume": 20118990, "typical_volume": 50228074.3, "trend": 12.486667, "fair_value": 11.727564, "relative_strength": -33.809434, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.575167, "energy": 86.507526, "activity_lines": [ 9.176, 9.564909, 10.721429, 11.527333 ] }, { "date": "2024-08-02", "close": 9.14, "volume": 24793304, "typical_volume": 48963459.4, "trend": 12.297333, "fair_value": 11.74141, "relative_strength": -30.379712, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.536212, "energy": 81.493109, "activity_lines": [ 9.110667, 9.412727, 10.457, 11.311419 ] }, { "date": "2024-08-09", "close": 9.39, "volume": 50258880, "typical_volume": 47467447.65, "trend": 12.099333, "fair_value": 11.757051, "relative_strength": -26.759555, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.711397, "energy": 77.153608, "activity_lines": [ 9.153333, 9.347818, 10.239476, 11.123849 ] }, { "date": "2024-08-16", "close": 8.86, "volume": 22179964, "typical_volume": 45527484.0, "trend": 11.906667, "fair_value": 11.77109, "relative_strength": -30.661386, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.865081, "energy": 63.874187, "activity_lines": [ 9.052, 9.223636, 9.999952, 10.91486 ] }, { "date": "2024-08-23", "close": 8.22, "volume": 24280244, "typical_volume": 44483697.55, "trend": 11.696, "fair_value": 11.781603, "relative_strength": -34.404137, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.246955, "energy": 67.0907, "activity_lines": [ 8.781333, 9.006, 9.732095, 10.677011 ] }, { "date": "2024-08-30", "close": 8.62, "volume": 21407001, "typical_volume": 39585826.55, "trend": 11.52, "fair_value": 11.798013, "relative_strength": -30.345021, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.766086, "energy": 59.952433, "activity_lines": [ 8.698667, 8.895818, 9.536857, 10.478559 ] }, { "date": "2024-09-06", "close": 8.54, "volume": 17369074, "typical_volume": 35617591.05, "trend": 11.405, "fair_value": 11.813269, "relative_strength": -28.519497, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.597849, "energy": 63.903114, "activity_lines": [ 8.596667, 8.795636, 9.370238, 10.286301 ] }, { "date": "2024-09-13", "close": 8.07, "volume": 20764960, "typical_volume": 33268999.95, "trend": 11.276, "fair_value": 11.824295, "relative_strength": -30.240831, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.657169, "energy": 68.359113, "activity_lines": [ 8.378, 8.627636, 9.180381, 10.07114 ] }, { "date": "2024-09-20", "close": 8.25, "volume": 15128001, "typical_volume": 32201627.95, "trend": 11.128667, "fair_value": 11.835064, "relative_strength": -28.691687, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.121738, "energy": 61.041568, "activity_lines": [ 8.307333, 8.525273, 9.027476, 9.875914 ] }, { "date": "2024-09-27", "close": 9.6, "volume": 47950460, "typical_volume": 31509922.1, "trend": 11.017667, "fair_value": 11.852308, "relative_strength": -25.463567, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.64835, "energy": 41.570266, "activity_lines": [ 8.727333, 8.691455, 9.020429, 9.77729 ] }, { "date": "2024-10-04", "close": 10.5, "volume": 28897701, "typical_volume": 30235771.3, "trend": 10.917333, "fair_value": 11.872115, "relative_strength": -23.793946, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.936497, "energy": 15.551415, "activity_lines": [ 9.355333, 9.011091, 9.112286, 9.743892 ] }, { "date": "2024-10-11", "close": 8.78, "volume": 73711461, "typical_volume": 31291843.15, "trend": 10.743667, "fair_value": 11.88, "relative_strength": -33.167668, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.609082, "energy": 24.792034, "activity_lines": [ 9.284667, 8.985818, 9.048667, 9.606 ] }, { "date": "2024-10-18", "close": 9.06, "volume": 36510313, "typical_volume": 31926091.8, "trend": 10.533333, "fair_value": 11.894231, "relative_strength": -31.354472, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.521121, "energy": 23.370615, "activity_lines": [ 9.291333, 9.018, 9.024381, 9.497376 ] }, { "date": "2024-10-25", "close": 9.43, "volume": 43005560, "typical_volume": 31350125.35, "trend": 10.324, "fair_value": 11.910769, "relative_strength": -28.837795, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.815947, "energy": 15.32471, "activity_lines": [ 9.355333, 9.123455, 9.046619, 9.426194 ] }, { "date": "2024-11-01", "close": 9.59, "volume": 58512656, "typical_volume": 33183972.65, "trend": 10.128, "fair_value": 11.929551, "relative_strength": -26.406679, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.542862, "energy": 7.128673, "activity_lines": [ 9.394, 9.247636, 9.087381, 9.378839 ] }, { "date": "2024-11-08", "close": 10.42, "volume": 80403376, "typical_volume": 36240885.4, "trend": 9.934333, "fair_value": 11.952179, "relative_strength": -23.612784, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 11.309887, "energy": 15.715783, "activity_lines": [ 9.71, 9.497818, 9.209762, 9.397677 ] }, { "date": "2024-11-15", "close": 9.97, "volume": 69572070, "typical_volume": 38291181.5, "trend": 9.831333, "fair_value": 11.972628, "relative_strength": -23.601177, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.862695, "energy": 24.054048, "activity_lines": [ 9.881333, 9.633455, 9.287143, 9.399978 ] }, { "date": "2024-11-22", "close": 9.46, "volume": 27378760, "typical_volume": 37715854.4, "trend": 9.739, "fair_value": 11.991923, "relative_strength": -25.415664, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 16.207573, "energy": 22.012748, "activity_lines": [ 9.803333, 9.650364, 9.313762, 9.376022 ] }, { "date": "2024-11-29", "close": 10.47, "volume": 64602038, "typical_volume": 38367789.9, "trend": 9.692, "fair_value": 12.018846, "relative_strength": -18.174397, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 38.494779, "energy": 39.044379, "activity_lines": [ 10.035333, 9.825636, 9.438571, 9.423183 ] }, { "date": "2024-12-06", "close": 10.45, "volume": 33302795, "typical_volume": 39007380.4, "trend": 9.628, "fair_value": 12.046282, "relative_strength": -19.362702, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.3634, "energy": 33.495813, "activity_lines": [ 10.191333, 9.956909, 9.556952, 9.472086 ] }, { "date": "2024-12-13", "close": 13.2, "volume": 126763706, "typical_volume": 44339616.2, "trend": 9.659667, "fair_value": 12.09, "relative_strength": 2.798124, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 87.906707, "energy": 75.552793, "activity_lines": [ 11.206667, 10.572727, 9.930524, 9.702538 ] }, { "date": "2024-12-20", "close": 11.16, "volume": 179016703, "typical_volume": 52050786.15, "trend": 9.650333, "fair_value": 12.118654, "relative_strength": -11.504392, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.960547, "energy": 63.844711, "activity_lines": [ 11.356667, 10.768545, 10.088524, 9.799333 ] }, { "date": "2024-12-27", "close": 9.96, "volume": 94390600, "typical_volume": 54257372.15, "trend": 9.601333, "fair_value": 12.140064, "relative_strength": -20.769371, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.551122, "energy": 48.852756, "activity_lines": [ 11.027333, 10.702909, 10.122619, 9.819312 ] }, { "date": "2025-01-03", "close": 9.19, "volume": 87441196, "typical_volume": 57520433.75, "trend": 9.570333, "fair_value": 12.156474, "relative_strength": -21.735746, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 29.733062, "energy": 22.215393, "activity_lines": [ 10.408, 10.480909, 10.080667, 9.792774 ] }, { "date": "2025-01-10", "close": 8.74, "volume": 42660151, "typical_volume": 58439429.1, "trend": 9.524, "fair_value": 12.169808, "relative_strength": -23.565111, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.814147, "energy": 15.122042, "activity_lines": [ 9.724, 10.181455, 9.994286, 9.739204 ] }, { "date": "2025-01-17", "close": 9.55, "volume": 58346800, "typical_volume": 60286419.05, "trend": 9.51, "fair_value": 12.185449, "relative_strength": -17.430728, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.371295, "energy": 17.358911, "activity_lines": [ 9.424, 10.044727, 9.982571, 9.740882 ] }, { "date": "2025-01-24", "close": 9.12, "volume": 43912568, "typical_volume": 61613593.75, "trend": 9.497, "fair_value": 12.198846, "relative_strength": -20.410973, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.733311, "energy": 23.383308, "activity_lines": [ 9.224, 9.845636, 9.925476, 9.71572 ] }, { "date": "2025-01-31", "close": 9.01, "volume": 6631900, "typical_volume": 60906940.75, "trend": 9.468, "fair_value": 12.210256, "relative_strength": -20.451544, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.631918, "energy": 24.651584, "activity_lines": [ 9.123333, 9.642, 9.855143, 9.684301 ] }, { "date": "2025-02-07", "close": 9.39, "volume": 24038265, "typical_volume": 61352453.95, "trend": 9.463667, "fair_value": 12.221154, "relative_strength": -17.724656, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.824579, "energy": 20.674005, "activity_lines": [ 9.212667, 9.515636, 9.816524, 9.679269 ] }, { "date": "2025-02-14", "close": 9.66, "volume": 44050700, "typical_volume": 61157465.95, "trend": 9.484333, "fair_value": 12.230064, "relative_strength": -15.84833, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.681651, "energy": 11.43674, "activity_lines": [ 9.378667, 9.458, 9.79819, 9.691935 ] }, { "date": "2025-02-21", "close": 9.62, "volume": 37796861, "typical_volume": 61602423.95, "trend": 9.514, "fair_value": 12.231026, "relative_strength": -16.357778, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.286693, "energy": 5.022596, "activity_lines": [ 9.47, 9.407455, 9.775762, 9.700688 ] }, { "date": "2025-02-28", "close": 10.2, "volume": 70282194, "typical_volume": 61430960.6, "trend": 9.549333, "fair_value": 12.237115, "relative_strength": -9.144191, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 14.577825, "energy": 10.338436, "activity_lines": [ 9.75, 9.527455, 9.812762, 9.744946 ] }, { "date": "2025-03-07", "close": 10.2, "volume": 40888161, "typical_volume": 61649853.0, "trend": 9.576333, "fair_value": 12.21859, "relative_strength": -9.811763, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.980268, "energy": 20.887665, "activity_lines": [ 9.958, 9.664909, 9.843, 9.786925 ] }, { "date": "2025-03-14", "close": 11.19, "volume": 85760779, "typical_volume": 63787613.95, "trend": 9.654, "fair_value": 12.212692, "relative_strength": -1.681329, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 65.674118, "energy": 46.156179, "activity_lines": [ 10.416667, 9.978, 9.962095, 9.891032 ] }, { "date": "2025-03-21", "close": 10.92, "volume": 53452808, "typical_volume": 63534621.55, "trend": 9.744, "fair_value": 12.213269, "relative_strength": -1.469822, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.734054, "energy": 63.591959, "activity_lines": [ 10.665333, 10.205636, 10.047095, 9.97271 ] }, { "date": "2025-03-28", "close": 10.14, "volume": 83042828, "typical_volume": 63666594.15, "trend": 9.794667, "fair_value": 12.206474, "relative_strength": -6.976133, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.417194, "energy": 56.685069, "activity_lines": [ 10.57, 10.251818, 10.051476, 9.998258 ] }, { "date": "2025-04-04", "close": 10.27, "volume": 33393360, "typical_volume": 61857658.65, "trend": 9.852333, "fair_value": 12.199295, "relative_strength": -4.409538, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.117105, "energy": 50.397529, "activity_lines": [ 10.483333, 10.310909, 10.069571, 10.028925 ] }, { "date": "2025-04-11", "close": 9.75, "volume": 71111497, "typical_volume": 64044295.5, "trend": 9.908333, "fair_value": 12.179103, "relative_strength": -4.997534, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 27.617145, "energy": 14.44442, "activity_lines": [ 10.218667, 10.254545, 10.036714, 10.022323 ] }, { "date": "2025-04-18", "close": 9.68, "volume": 64850910, "typical_volume": 64056739.1, "trend": 9.956, "fair_value": 12.157821, "relative_strength": -6.04306, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.132044, "energy": 11.854715, "activity_lines": [ 9.960667, 10.172, 9.99581, 10.007591 ] }, { "date": "2025-04-25", "close": 9.33, "volume": 42881230, "typical_volume": 64535660.85, "trend": 9.947, "fair_value": 12.117756, "relative_strength": -9.318313, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.612151, "energy": 22.19052, "activity_lines": [ 9.686667, 10.020545, 9.925333, 9.967204 ] }, { "date": "2025-05-02", "close": 9.07, "volume": 23257319, "typical_volume": 59360341.5, "trend": 9.899333, "fair_value": 12.086346, "relative_strength": -10.832166, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -37.119255, "energy": 34.174652, "activity_lines": [ 9.432, 9.827818, 9.835429, 9.910624 ] }, { "date": "2025-05-09", "close": 9.16, "volume": 23756836, "typical_volume": 51597348.15, "trend": 9.912, "fair_value": 12.06, "relative_strength": -10.992737, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -61.157107, "energy": 59.292353, "activity_lines": [ 9.278667, 9.661455, 9.773762, 9.862925 ] }, { "date": "2025-05-16", "close": 8.96, "volume": 32199787, "typical_volume": 48487807.5, "trend": 9.908667, "fair_value": 12.049615, "relative_strength": -12.92935, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.053638, "energy": 64.38832, "activity_lines": [ 9.132667, 9.477636, 9.702571, 9.801505 ] }, { "date": "2025-05-23", "close": 8.97, "volume": 31046389, "typical_volume": 45668067.15, "trend": 9.893333, "fair_value": 12.044936, "relative_strength": -11.766229, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.325216, "energy": 60.998347, "activity_lines": [ 9.042667, 9.318182, 9.637095, 9.740946 ] }, { "date": "2025-05-30", "close": 9.14, "volume": 17356700, "typical_volume": 44402894.6, "trend": 9.878333, "fair_value": 12.039423, "relative_strength": -9.512904, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.952979, "energy": 52.427579, "activity_lines": [ 9.056667, 9.23, 9.588857, 9.692344 ] }, { "date": "2025-06-06", "close": 9.47, "volume": 26462233, "typical_volume": 42808666.25, "trend": 9.846667, "fair_value": 12.031667, "relative_strength": -6.986824, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.039533, "energy": 33.343497, "activity_lines": [ 9.193333, 9.234182, 9.570143, 9.666 ] }, { "date": "2025-06-13", "close": 10.23, "volume": 188429584, "typical_volume": 50034517.05, "trend": 9.855333, "fair_value": 12.029103, "relative_strength": 0.927312, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.24557, "energy": 10.909596, "activity_lines": [ 9.556667, 9.388727, 9.62419, 9.690731 ] }, { "date": "2025-06-20", "close": 9.32, "volume": 112526128, "typical_volume": 55329228.45, "trend": 9.850667, "fair_value": 12.021218, "relative_strength": -7.254865, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.583354, "energy": 17.499579, "activity_lines": [ 9.545333, 9.378545, 9.586286, 9.656194 ] }, { "date": "2025-06-27", "close": 10.15, "volume": 115354077, "typical_volume": 59895019.05, "trend": 9.84, "fair_value": 12.018526, "relative_strength": -0.73939, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.849542, "energy": 15.457051, "activity_lines": [ 9.786667, 9.527091, 9.625952, 9.675505 ] }, { "date": "2025-07-04", "close": 10.37, "volume": 118787264, "typical_volume": 63631847.25, "trend": 9.837333, "fair_value": 12.020641, "relative_strength": 0.241671, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.63274, "energy": 20.869993, "activity_lines": [ 10.022667, 9.707091, 9.682952, 9.709699 ] }, { "date": "2025-07-11", "close": 10.3, "volume": 69968588, "typical_volume": 65240433.6, "trend": 9.740667, "fair_value": 12.014359, "relative_strength": -1.337075, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.734602, "energy": 28.502619, "activity_lines": [ 10.153333, 9.855455, 9.729905, 9.739548 ] }, { "date": "2025-07-18", "close": 11.04, "volume": 125442595, "typical_volume": 67998453.65, "trend": 9.736667, "fair_value": 12.005256, "relative_strength": 4.961454, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 71.787002, "energy": 62.55771, "activity_lines": [ 10.475333, 10.116, 9.844095, 9.823376 ] }, { "date": "2025-07-25", "close": 10.53, "volume": 86190963, "typical_volume": 70263593.75, "trend": 9.755667, "fair_value": 11.997949, "relative_strength": -1.478653, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.274083, "energy": 57.965357, "activity_lines": [ 10.573333, 10.249636, 9.905714, 9.874559 ] }, { "date": "2025-08-01", "close": 10.51, "volume": 56760555, "typical_volume": 68813582.55, "trend": 9.799667, "fair_value": 11.997308, "relative_strength": -0.610371, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.831055, "energy": 53.847533, "activity_lines": [ 10.584, 10.351091, 9.963857, 9.923226 ] }, { "date": "2025-08-08", "close": 10.43, "volume": 40006398, "typical_volume": 68141262.05, "trend": 9.856, "fair_value": 11.996859, "relative_strength": -3.148675, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.288817, "energy": 43.261251, "activity_lines": [ 10.544, 10.41, 10.017619, 9.963892 ] }, { "date": "2025-08-15", "close": 10.11, "volume": 43501469, "typical_volume": 66164194.1, "trend": 9.874667, "fair_value": 11.994936, "relative_strength": -7.480069, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.066473, "energy": 25.710933, "activity_lines": [ 10.393333, 10.387273, 10.043238, 9.98028 ] }, { "date": "2025-08-22", "close": 10.84, "volume": 83962946, "typical_volume": 68692673.4, "trend": 9.932, "fair_value": 12.000385, "relative_strength": -4.11528, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.972766, "energy": 29.006649, "activity_lines": [ 10.498667, 10.485636, 10.138524, 10.042559 ] }, { "date": "2025-08-29", "close": 11.02, "volume": 107588814, "typical_volume": 70516539.25, "trend": 9.999, "fair_value": 12.011474, "relative_strength": -3.224786, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.123156, "energy": 32.048426, "activity_lines": [ 10.677333, 10.605636, 10.248238, 10.112753 ] }, { "date": "2025-09-05", "close": 11.42, "volume": 138971010, "typical_volume": 74222544.25, "trend": 10.066667, "fair_value": 12.024231, "relative_strength": 1.543584, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.181078, "energy": 45.187302, "activity_lines": [ 10.956667, 10.767455, 10.39, 10.20443 ] }, { "date": "2025-09-12", "close": 11.0, "volume": 85443695, "typical_volume": 76350667.5, "trend": 10.111333, "fair_value": 12.036987, "relative_strength": -3.569173, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.614153, "energy": 60.49987, "activity_lines": [ 11.035333, 10.829818, 10.483476, 10.264645 ] }, { "date": "2025-09-19", "close": 13.06, "volume": 169046440, "typical_volume": 83640123.55, "trend": 10.226, "fair_value": 12.059167, "relative_strength": 15.698219, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.98915, "energy": 83.173966, "activity_lines": [ 11.762667, 11.255273, 10.76519, 10.454882 ] }, { "date": "2025-09-26", "close": 10.81, "volume": 250946211, "typical_volume": 94999592.3, "trend": 10.246333, "fair_value": 12.064679, "relative_strength": -4.257175, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.814659, "energy": 59.306531, "activity_lines": [ 11.543333, 11.221455, 10.813619, 10.492559 ] }, { "date": "2025-10-03", "close": 10.69, "volume": 36308221, "typical_volume": 95205014.0, "trend": 10.262667, "fair_value": 12.069167, "relative_strength": -6.412817, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.56711, "energy": 36.052147, "activity_lines": [ 11.286, 11.17, 10.842762, 10.521183 ] }, { "date": "2025-10-10", "close": 10.21, "volume": 37659320, "typical_volume": 95535660.55, "trend": 10.23, "fair_value": 12.071603, "relative_strength": -10.878603, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 28.369975, "energy": 19.132539, "activity_lines": [ 10.890667, 11.028364, 10.817952, 10.517785 ] }, { "date": "2025-10-17", "close": 9.85, "volume": 62307999, "typical_volume": 97783225.5, "trend": 10.194333, "fair_value": 12.075256, "relative_strength": -12.617039, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 6.037293, "energy": 17.800457, "activity_lines": [ 10.456, 10.826727, 10.752952, 10.493269 ] }, { "date": "2025-10-24", "close": 10.27, "volume": 46628515, "typical_volume": 98791539.6, "trend": 10.198667, "fair_value": 12.085064, "relative_strength": -11.290975, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 7.620918, "energy": 20.677492, "activity_lines": [ 10.238, 10.712, 10.724571, 10.498151 ] }, { "date": "2025-10-31", "close": 10.31, "volume": 37340268, "typical_volume": 91237073.8, "trend": 10.2, "fair_value": 12.099038, "relative_strength": -10.856811, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.428146, "energy": 19.526497, "activity_lines": [ 10.219333, 10.601636, 10.69619, 10.505333 ] }, { "date": "2025-11-07", "close": 10.51, "volume": 48754323, "typical_volume": 88048483.55, "trend": 10.225333, "fair_value": 12.112564, "relative_strength": -9.869051, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.41608, "energy": 15.390719, "activity_lines": [ 10.300667, 10.537273, 10.686476, 10.525333 ] }, { "date": "2025-11-14", "close": 11.15, "volume": 118803242, "typical_volume": 88220941.8, "trend": 10.274333, "fair_value": 12.130897, "relative_strength": -4.085356, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.407898, "energy": 13.385476, "activity_lines": [ 10.607333, 10.598545, 10.732048, 10.584989 ] }, { "date": "2025-11-21", "close": 10.28, "volume": 65562834, "typical_volume": 85559720.3, "trend": 10.306, "fair_value": 12.134359, "relative_strength": -7.850532, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.945778, "energy": 9.557673, "activity_lines": [ 10.561333, 10.506545, 10.69, 10.585355 ] }, { "date": "2025-11-28", "close": 10.91, "volume": 71871279, "typical_volume": 85654854.85, "trend": 10.367333, "fair_value": 12.135577, "relative_strength": -3.335444, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.250369, "energy": 17.519862, "activity_lines": [ 10.696667, 10.542182, 10.708381, 10.624323 ] }, { "date": "2025-12-05", "close": 10.89, "volume": 71370180, "typical_volume": 82951234.1, "trend": 10.425, "fair_value": 12.144167, "relative_strength": -3.685613, "stage": 1, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 35.019555, "energy": 19.182681, "activity_lines": [ 10.782667, 10.613273, 10.721952, 10.658043 ] }, { "date": "2025-12-12", "close": 11.45, "volume": 96081759, "typical_volume": 83445773.9, "trend": 10.508, "fair_value": 12.160962, "relative_strength": 2.261022, "stage": 1, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 46.612403, "energy": 31.006765, "activity_lines": [ 11.016667, 10.784727, 10.789571, 10.724172 ] }, { "date": "2025-12-19", "close": 12.26, "volume": 222567659, "typical_volume": 91736129.1, "trend": 10.617667, "fair_value": 12.174231, "relative_strength": 9.582897, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 71.274368, "energy": 58.367556, "activity_lines": [ 11.458, 11.089636, 10.929952, 10.837204 ] }, { "date": "2025-12-26", "close": 10.96, "volume": 173749960, "typical_volume": 98423307.2, "trend": 10.678333, "fair_value": 12.175449, "relative_strength": -3.741057, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.25298, "energy": 52.357067, "activity_lines": [ 11.392, 11.120909, 10.93819, 10.85929 ] }, { "date": "2026-01-02", "close": 10.6, "volume": 50367180, "typical_volume": 98766592.75, "trend": 10.716, "fair_value": 12.166859, "relative_strength": -6.904969, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.454125, "energy": 35.10109, "activity_lines": [ 11.160667, 11.066545, 10.909619, 10.854237 ] }, { "date": "2026-01-09", "close": 11.1, "volume": 81223801, "typical_volume": 98629635.5, "trend": 10.745, "fair_value": 12.165833, "relative_strength": -6.059495, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.487358, "energy": 24.108862, "activity_lines": [ 11.116667, 11.097091, 10.926333, 10.879011 ] }, { "date": "2026-01-16", "close": 11.04, "volume": 120152285, "typical_volume": 99257809.05, "trend": 10.802333, "fair_value": 12.15109, "relative_strength": -5.98518, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 29.977711, "energy": 15.259554, "activity_lines": [ 11.038667, 11.102364, 10.936095, 10.898043 ] }, { "date": "2026-01-23", "close": 11.22, "volume": 77673426, "typical_volume": 96192929.85, "trend": 10.838, "fair_value": 12.138077, "relative_strength": -5.18544, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.572944, "energy": 15.405299, "activity_lines": [ 11.048, 11.130727, 10.962905, 10.924989 ] }, { "date": "2026-01-30", "close": 10.97, "volume": 52769999, "typical_volume": 94559245.05, "trend": 10.858, "fair_value": 12.135641, "relative_strength": -6.820448, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.695724, "energy": 12.603666, "activity_lines": [ 11.043333, 11.112364, 10.966857, 10.933505 ] }, { "date": "2026-02-06", "close": 10.94, "volume": 47561821, "typical_volume": 88485014.1, "trend": 10.879333, "fair_value": 12.130769, "relative_strength": -5.782426, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.836064, "energy": 11.431896, "activity_lines": [ 11.028, 11.076, 10.968095, 10.938796 ] }, { "date": "2026-02-13", "close": 10.84, "volume": 49435702, "typical_volume": 78409488.65, "trend": 10.872667, "fair_value": 12.128077, "relative_strength": -6.875993, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.788165, "energy": 10.255481, "activity_lines": [ 10.956667, 11.020909, 10.969905, 10.936258 ] }, { "date": "2026-02-27", "close": 10.8, "volume": 27732602, "typical_volume": 77980707.7, "trend": 10.881667, "fair_value": 12.125, "relative_strength": -8.865419, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.352545, "energy": 7.86314, "activity_lines": [ 10.889333, 10.959455, 10.967762, 10.93157 ] }, { "date": "2026-03-06", "close": 10.3, "volume": 35731414, "typical_volume": 77884312.4, "trend": 10.874667, "fair_value": 12.120897, "relative_strength": -11.927793, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.002097, "energy": 19.497583, "activity_lines": [ 10.671333, 10.818909, 10.917476, 10.894043 ] }, { "date": "2026-03-13", "close": 10.19, "volume": 22159761, "typical_volume": 75876900.5, "trend": 10.866667, "fair_value": 12.115897, "relative_strength": -11.936511, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -50.348315, "energy": 42.539182, "activity_lines": [ 10.478, 10.694, 10.856286, 10.849871 ] }, { "date": "2026-03-20", "close": 9.9, "volume": 26250400, "typical_volume": 74857994.75, "trend": 10.859667, "fair_value": 12.105513, "relative_strength": -10.983606, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.70548, "energy": 58.064164, "activity_lines": [ 10.24, 10.530364, 10.765857, 10.787505 ] }, { "date": "2026-03-27", "close": 10.08, "volume": 34236586, "typical_volume": 74702810.65, "trend": 10.834333, "fair_value": 12.095256, "relative_strength": -7.939808, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.380949, "energy": 63.179575, "activity_lines": [ 10.131333, 10.412182, 10.694333, 10.737204 ] }, { "date": "2026-04-03", "close": 9.06, "volume": 29621399, "typical_volume": 73746164.45, "trend": 10.769, "fair_value": 12.07, "relative_strength": -16.140168, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.349751, "energy": 80.6089, "activity_lines": [ 9.733333, 10.127091, 10.526762, 10.622731 ] }, { "date": "2026-04-10", "close": 9.45, "volume": 21745020, "typical_volume": 68893253.35, "trend": 10.703333, "fair_value": 12.048974, "relative_strength": -14.444064, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.331251, "energy": 76.13833, "activity_lines": [ 9.581333, 9.948909, 10.403238, 10.537634 ] }, { "date": "2026-04-17", "close": 9.51, "volume": 36987480, "typical_volume": 67464485.65, "trend": 10.653667, "fair_value": 12.024038, "relative_strength": -14.894503, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.158073, "energy": 72.607713, "activity_lines": [ 9.506, 9.813818, 10.293524, 10.460645 ] }, { "date": "2026-04-24", "close": 9.25, "volume": 32656540, "typical_volume": 65503748.7, "trend": 10.526667, "fair_value": 12.0, "relative_strength": -17.403382, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.828394, "energy": 75.159309, "activity_lines": [ 9.389333, 9.658, 10.162714, 10.370086 ] }, { "date": "2026-05-01", "close": 9.54, "volume": 31278028, "typical_volume": 63499141.1, "trend": 10.484333, "fair_value": 11.926987, "relative_strength": -15.17814, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.228353, "energy": 50.544081, "activity_lines": [ 9.412667, 9.585636, 10.067429, 10.30643 ] }, { "date": "2026-05-08", "close": 9.52, "volume": 19013630, "typical_volume": 59645734.65, "trend": 10.445333, "fair_value": 11.865577, "relative_strength": -16.441778, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.373328, "energy": 44.832521, "activity_lines": [ 9.465333, 9.533273, 9.976667, 10.244215 ] }, { "date": "2026-05-15", "close": 9.07, "volume": 22571880, "typical_volume": 49645945.7, "trend": 10.407333, "fair_value": 11.811538, "relative_strength": -19.221507, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.91303, "energy": 49.883167, "activity_lines": [ 9.337333, 9.422364, 9.852238, 10.155484 ] }, { "date": "2026-05-22", "close": 8.64, "volume": 22774600, "typical_volume": 42097177.7, "trend": 10.367, "fair_value": 11.762949, "relative_strength": -22.322241, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.096672, "energy": 58.87568, "activity_lines": [ 9.091333, 9.255636, 9.702048, 10.041462 ] }, { "date": "2026-05-29", "close": 8.16, "volume": 34069216, "typical_volume": 41282279.5, "trend": 10.296667, "fair_value": 11.701218, "relative_strength": -25.481563, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.320932, "energy": 78.608092, "activity_lines": [ 8.743333, 9.029818, 9.51719, 9.899075 ] }, { "date": "2026-06-05", "close": 8.09, "volume": 5770440, "typical_volume": 37509611.45, "trend": 10.222667, "fair_value": 11.648526, "relative_strength": -24.984931, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.974749, "energy": 88.834334, "activity_lines": [ 8.444667, 8.822909, 9.337286, 9.75671 ] }, { "date": "2026-06-12", "close": 7.73, "volume": 6034100, "typical_volume": 31803702.2, "trend": 10.13, "fair_value": 11.600833, "relative_strength": -27.934756, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.707755, "energy": 91.431926, "activity_lines": [ 8.122667, 8.586727, 9.137429, 9.595892 ] }, { "date": "2026-06-19", "close": 7.22, "volume": 23234382, "typical_volume": 29081750.0, "trend": 9.999, "fair_value": 11.543526, "relative_strength": -33.047932, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.939377, "energy": 93.780072, "activity_lines": [ 7.75, 8.282, 8.904762, 9.408151 ] }, { "date": "2026-06-26", "close": 6.85, "volume": 5446360, "typical_volume": 26715568.05, "trend": 9.884667, "fair_value": 11.477244, "relative_strength": -34.972938, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.210263, "energy": 94.972701, "activity_lines": [ 7.377333, 7.950545, 8.655905, 9.204989 ] }, { "date": "2026-07-03", "close": 7.07, "volume": 6584540, "typical_volume": 24666704.0, "trend": 9.756667, "fair_value": 11.408269, "relative_strength": -32.553463, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.565342, "energy": 90.81978, "activity_lines": [ 7.197333, 7.707455, 8.447619, 9.023398 ] }, { "date": "2026-07-10", "close": 6.99, "volume": 38922980, "typical_volume": 24141067.9, "trend": 9.626667, "fair_value": 11.349231, "relative_strength": -31.89926, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.056, "energy": 89.464217, "activity_lines": [ 7.063333, 7.489455, 8.250143, 8.844903 ] }, { "date": "2026-07-17", "close": 6.98, "volume": 41098360, "typical_volume": 24809355.8, "trend": 9.477667, "fair_value": 11.279295, "relative_strength": -27.216714, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.212211, "energy": 83.669247, "activity_lines": [ 6.999333, 7.316, 8.070048, 8.674151 ] }, { "date": "2026-07-24", "close": 6.61, "volume": 36443056, "typical_volume": 24844937.9, "trend": 9.289333, "fair_value": 11.206987, "relative_strength": -31.257658, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.47207, "energy": 70.704454, "activity_lines": [ 6.862, 7.121455, 7.872905, 8.48914 ] }, { "date": "2026-07-31", "close": 7.51, "volume": 50420524, "typical_volume": 26257976.05, "trend": 9.174333, "fair_value": 11.148205, "relative_strength": -21.686268, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.519822, "energy": 61.510043, "activity_lines": [ 7.065333, 7.135273, 7.779048, 8.374344 ] }, { "date": "2026-08-07", "close": 7.6, "volume": 29094203, "typical_volume": 26400166.2, "trend": 9.074333, "fair_value": 11.086987, "relative_strength": -22.304556, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.795643, "energy": 47.332946, "activity_lines": [ 7.254667, 7.186, 7.706524, 8.272774 ] } ], "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." } } }