{ "ticker": { "uuid": "36d525e7-5ff3-4c6e-9135-252abefa5e4b", "symbol": "603198", "name": "Anhui Yingjia Distillery 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": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 52.837, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "mixed", "architecture_direction": 24.312, "architecture_energy": 32.011, "architecture_maturity": 99.414, "architecture_confidence": 76.427, "architecture_tenure": "Extended", "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": 44.34, "rotation_up": 63.26, "upward_expansion": 40.88, "deceleration": 42.0, "rotation_down": 14.21, "downward_expansion": 15.88 }, "activity_lines": [ 36.321333, 34.538298, 34.251785, 34.618754 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 37.049999, "trend_reference": 35.612985, "distance_from_trend": 0.040351, "trend_direction": "Weakening", "fair_value": 50.558153, "distance_from_fair_value": -0.267181, "fair_value_direction": "Improving", "relative_strength": -2.537411, "relative_strength_direction": "Improving", "price_momentum": -0.088112, "excess_performance": -0.044908, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.040351, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.064034, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.267181, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.044176, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.025374, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.147647, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.088112, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 2.502358, "read": "Demand-led" } ], "volume": { "latest": 31288215, "relative_activity": 1.115156, "balance": 2.502358, "dry_up": 1.490179, "accumulation_observations": 6, "distribution_observations": 2 }, "risk": { "range_context": 0.078626, "annualized_volatility": 0.423433, "from_high_reference": -0.216205, "from_low_reference": 0.253807 }, "levels": { "trend_reference": 35.612985, "fair_value_reference": 50.558153, "structural_low": 29.549999, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 25, "median_return": 0.00872, "positive_rate": 0.56, "directional_follow_through": 0.44, "median_excess_return": -0.000187, "regime_survival": 0.8, "best_return": 0.450279, "worst_return": -0.162097, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.026127, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.061518, "regime_survival": 0.7, "best_return": 0.437016, "worst_return": -0.140917, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.073358, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.127302, "regime_survival": 0.5, "best_return": 0.204647, "worst_return": -0.173312, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.03065, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.063991, "regime_survival": 0.333333, "best_return": 0.052969, "worst_return": -0.245346, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-05-17", "end": "2024-06-14", "tenure": "Developing", "return": -0.139915, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-21", "end": "2024-06-28", "tenure": "New", "return": -0.008621, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-07-05", "end": "2024-08-02", "tenure": "Developing", "return": -0.118272, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-09", "end": "2024-09-20", "tenure": "Developing", "return": -0.008802, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-09-27", "end": "2024-11-15", "tenure": "Developing", "return": -0.020214, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-22", "end": "2024-11-29", "tenure": "New", "return": 0.02922, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-06", "end": "2025-01-03", "tenure": "Developing", "return": -0.14639, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-10", "end": "2025-01-31", "tenure": "New", "return": 0.043413, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-02-07", "end": "2025-03-07", "tenure": "Developing", "return": 0.076522, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-14", "end": "2025-04-18", "tenure": "Developing", "return": -0.169348, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-10-31", "tenure": "Extended", "return": -0.119943, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-07", "end": "2025-12-26", "tenure": "Developing", "return": -0.042277, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-01-02", "end": "2026-01-09", "tenure": "New", "return": 0.007078, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-16", "end": "2026-08-07", "tenure": "Extended", "return": -0.049756, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 66.295219, "volume": 18744252, "typical_volume": 17347576.7, "trend": 60.054491, "fair_value": 45.614563, "relative_strength": 16.757569, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 41.663409, "energy": 54.577508, "activity_lines": [ 62.586847, 60.48596, 58.664883, 59.121555 ] }, { "date": "2023-08-04", "close": 65.775436, "volume": 15109696, "typical_volume": 17184667.5, "trend": 60.307707, "fair_value": 45.90761, "relative_strength": 14.847475, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.034128, "energy": 59.134746, "activity_lines": [ 64.0145, 61.784149, 59.378845, 59.490649 ] }, { "date": "2023-08-11", "close": 65.9739, "volume": 12983771, "typical_volume": 16586004.65, "trend": 60.408761, "fair_value": 46.209239, "relative_strength": 18.091973, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.351732, "energy": 63.002694, "activity_lines": [ 65.142888, 62.9183, 60.079418, 59.856209 ] }, { "date": "2023-08-18", "close": 64.424019, "volume": 18041677, "typical_volume": 16606639.4, "trend": 60.325942, "fair_value": 46.496674, "relative_strength": 16.846952, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.037533, "energy": 57.495889, "activity_lines": [ 65.193919, 63.539626, 60.611504, 60.115258 ] }, { "date": "2023-08-25", "close": 70.283333, "volume": 25317007, "typical_volume": 16981911.3, "trend": 60.536355, "fair_value": 46.827253, "relative_strength": 29.26898, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 79.307982, "energy": 72.604772, "activity_lines": [ 66.992035, 65.011155, 61.688783, 60.757671 ] }, { "date": "2023-09-01", "close": 73.798904, "volume": 16239012, "typical_volume": 16119467.6, "trend": 60.93284, "fair_value": 47.178006, "relative_strength": 31.563658, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.895963, "energy": 80.083219, "activity_lines": [ 69.40821, 66.930978, 63.053741, 61.613319 ] }, { "date": "2023-09-08", "close": 72.211235, "volume": 17343331, "typical_volume": 15896091.15, "trend": 61.160255, "fair_value": 47.511388, "relative_strength": 28.457056, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.623789, "energy": 73.95909, "activity_lines": [ 70.794915, 68.283603, 64.177844, 62.340957 ] }, { "date": "2023-09-15", "close": 70.396729, "volume": 13681132, "typical_volume": 15279131.7, "trend": 61.29506, "fair_value": 47.826518, "relative_strength": 24.093549, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.395583, "energy": 75.665496, "activity_lines": [ 71.147732, 69.089644, 65.050533, 62.936859 ] }, { "date": "2023-09-22", "close": 70.472343, "volume": 11442699, "typical_volume": 15521559.05, "trend": 61.466365, "fair_value": 48.140752, "relative_strength": 22.56912, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.07652, "energy": 65.567701, "activity_lines": [ 71.230898, 69.676091, 65.877672, 63.528942 ] }, { "date": "2023-09-29", "close": 69.508392, "volume": 9939815, "typical_volume": 15306350.1, "trend": 61.639518, "fair_value": 48.463599, "relative_strength": 20.797229, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.483326, "energy": 48.216116, "activity_lines": [ 70.589526, 69.921117, 66.54873, 64.047782 ] }, { "date": "2023-10-13", "close": 67.004005, "volume": 11190469, "typical_volume": 15387075.15, "trend": 61.847501, "fair_value": 48.769185, "relative_strength": 16.662358, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.171961, "energy": 32.831802, "activity_lines": [ 69.165021, 69.573854, 66.913204, 64.393878 ] }, { "date": "2023-10-20", "close": 64.405121, "volume": 9790011, "typical_volume": 15284015.55, "trend": 62.027856, "fair_value": 49.065996, "relative_strength": 15.562716, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.971671, "energy": 21.700894, "activity_lines": [ 67.327214, 68.74118, 66.969871, 64.558886 ] }, { "date": "2023-10-27", "close": 68.695648, "volume": 12909176, "typical_volume": 15287664.35, "trend": 62.264735, "fair_value": 49.389562, "relative_strength": 21.110384, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.220721, "energy": 21.352962, "activity_lines": [ 67.439991, 68.713516, 67.389272, 64.989066 ] }, { "date": "2023-11-03", "close": 70.510139, "volume": 17044475, "typical_volume": 15464756.15, "trend": 62.557463, "fair_value": 49.723206, "relative_strength": 22.878407, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.465628, "energy": 21.852999, "activity_lines": [ 68.271003, 68.966274, 67.908014, 65.521028 ] }, { "date": "2023-11-10", "close": 69.026413, "volume": 13049335, "typical_volume": 14726567.45, "trend": 62.845525, "fair_value": 50.040374, "relative_strength": 19.166047, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.845512, "energy": 21.235824, "activity_lines": [ 68.604921, 68.838606, 68.200125, 65.938379 ] }, { "date": "2023-11-17", "close": 67.022903, "volume": 13011084, "typical_volume": 14846877.25, "trend": 63.247204, "fair_value": 50.335661, "relative_strength": 14.311736, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.524983, "energy": 22.646557, "activity_lines": [ 68.303133, 68.369517, 68.257412, 66.207887 ] }, { "date": "2023-11-24", "close": 72.107277, "volume": 17552728, "typical_volume": 14513404.35, "trend": 63.793958, "fair_value": 50.665153, "relative_strength": 22.379136, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.699766, "energy": 35.735393, "activity_lines": [ 69.694877, 68.94806, 68.758244, 66.779505 ] }, { "date": "2023-12-01", "close": 69.820251, "volume": 13215499, "typical_volume": 14607757.95, "trend": 64.144005, "fair_value": 50.942397, "relative_strength": 17.885398, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.322256, "energy": 30.271169, "activity_lines": [ 69.810802, 69.112669, 68.98501, 67.168298 ] }, { "date": "2023-12-08", "close": 65.057198, "volume": 23475146, "typical_volume": 15029870.7, "trend": 64.413436, "fair_value": 51.171553, "relative_strength": 11.286486, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 13.359614, "energy": 9.209873, "activity_lines": [ 68.26407, 68.421751, 68.699785, 67.227214 ] }, { "date": "2023-12-15", "close": 61.106899, "volume": 19878830, "typical_volume": 15497957.25, "trend": 64.609883, "fair_value": 51.378897, "relative_strength": 4.877797, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -8.34067, "energy": 13.936253, "activity_lines": [ 65.7641, 67.111054, 68.020609, 67.013889 ] }, { "date": "2023-12-22", "close": 60.492615, "volume": 11224540, "typical_volume": 15121971.65, "trend": 64.814891, "fair_value": 51.579829, "relative_strength": 4.434118, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -33.224518, "energy": 44.461249, "activity_lines": [ 63.587336, 65.841423, 67.287071, 66.748259 ] }, { "date": "2023-12-29", "close": 62.647331, "volume": 12614954, "typical_volume": 14997234.55, "trend": 65.077513, "fair_value": 51.799754, "relative_strength": 5.646703, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.902415, "energy": 46.96635, "activity_lines": [ 62.564164, 65.081947, 66.786375, 66.608416 ] }, { "date": "2024-01-05", "close": 57.638569, "volume": 12568951, "typical_volume": 14976493.55, "trend": 65.223218, "fair_value": 51.967309, "relative_strength": -1.416315, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.878218, "energy": 66.759922, "activity_lines": [ 60.502067, 63.443747, 65.82355, 66.128484 ] }, { "date": "2024-01-12", "close": 57.222744, "volume": 10895926, "typical_volume": 14619206.0, "trend": 65.377576, "fair_value": 52.11165, "relative_strength": -0.622436, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.546656, "energy": 68.999957, "activity_lines": [ 59.113475, 61.930981, 64.860814, 65.612325 ] }, { "date": "2024-01-19", "close": 55.682312, "volume": 16630116, "typical_volume": 14184861.45, "trend": 65.240859, "fair_value": 52.271846, "relative_strength": -1.574933, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -75.375568, "energy": 78.648119, "activity_lines": [ 57.733701, 60.379725, 63.785663, 64.986824 ] }, { "date": "2024-01-26", "close": 51.032673, "volume": 24242219, "typical_volume": 14585021.8, "trend": 64.992626, "fair_value": 52.398093, "relative_strength": -11.921039, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.392264, "energy": 88.783634, "activity_lines": [ 55.165688, 58.2257, 62.337217, 64.070166 ] }, { "date": "2024-02-02", "close": 47.460384, "volume": 26789341, "typical_volume": 15057322.3, "trend": 64.564834, "fair_value": 52.479336, "relative_strength": -12.497044, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.118027, "energy": 93.984622, "activity_lines": [ 52.037574, 55.7129, 60.656964, 62.939054 ] }, { "date": "2024-02-09", "close": 52.629803, "volume": 28439096, "typical_volume": 15795220.5, "trend": 64.400395, "fair_value": 52.625433, "relative_strength": -7.508244, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.052777, "energy": 83.547387, "activity_lines": [ 51.645063, 54.588119, 59.586898, 62.169052 ] }, { "date": "2024-02-23", "close": 61.532169, "volume": 39141187, "typical_volume": 17180144.9, "trend": 64.40701, "fair_value": 52.831647, "relative_strength": 3.09309, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.040087, "energy": 51.312961, "activity_lines": [ 54.553924, 55.394503, 59.449281, 61.984005 ] }, { "date": "2024-03-01", "close": 60.152397, "volume": 20106193, "typical_volume": 17688463.8, "trend": 64.346212, "fair_value": 53.009158, "relative_strength": 0.11299, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.757835, "energy": 34.001062, "activity_lines": [ 56.715567, 56.014112, 59.222829, 61.709514 ] }, { "date": "2024-03-08", "close": 58.611965, "volume": 13854286, "typical_volume": 17821654.65, "trend": 64.090104, "fair_value": 53.192854, "relative_strength": -2.988291, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.999226, "energy": 25.759135, "activity_lines": [ 58.065727, 56.370997, 58.894222, 61.339563 ] }, { "date": "2024-03-15", "close": 64.301163, "volume": 22540150, "typical_volume": 18459161.6, "trend": 64.040961, "fair_value": 53.412213, "relative_strength": 5.950508, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -10.470218, "energy": 24.041269, "activity_lines": [ 60.807, 57.796474, 59.147405, 61.353179 ] }, { "date": "2024-03-22", "close": 63.318314, "volume": 17751599, "typical_volume": 18701282.75, "trend": 63.952442, "fair_value": 53.63241, "relative_strength": 4.358901, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -10.921145, "energy": 23.160531, "activity_lines": [ 62.097939, 59.013183, 59.307478, 61.306557 ] }, { "date": "2024-03-29", "close": 61.84404, "volume": 11684425, "typical_volume": 18433280.25, "trend": 63.866442, "fair_value": 53.864511, "relative_strength": 1.943866, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.700539, "energy": 19.663303, "activity_lines": [ 62.184885, 59.858573, 59.352751, 61.170531 ] }, { "date": "2024-04-05", "close": 62.439419, "volume": 9375216, "typical_volume": 18249574.3, "trend": 63.604979, "fair_value": 54.100946, "relative_strength": 1.836376, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.848534, "energy": 19.311484, "activity_lines": [ 62.449499, 60.728191, 59.495994, 61.078465 ] }, { "date": "2024-04-12", "close": 57.789772, "volume": 17111545, "typical_volume": 18454597.35, "trend": 63.071341, "fair_value": 54.311836, "relative_strength": -4.217505, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.675782, "energy": 13.351089, "activity_lines": [ 61.011763, 60.629562, 59.227779, 60.70329 ] }, { "date": "2024-04-19", "close": 57.742519, "volume": 13346769, "typical_volume": 18244299.4, "trend": 62.58905, "fair_value": 54.519199, "relative_strength": -5.788081, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.270213, "energy": 17.413431, "activity_lines": [ 59.613089, 60.399485, 58.999032, 60.359495 ] }, { "date": "2024-04-26", "close": 65.151711, "volume": 20611275, "typical_volume": 18614088.2, "trend": 62.414216, "fair_value": 54.744586, "relative_strength": 5.028871, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.903289, "energy": 5.697854, "activity_lines": [ 61.121388, 61.329586, 59.544326, 60.524828 ] }, { "date": "2024-05-03", "close": 67.098511, "volume": 9304190, "typical_volume": 17905540.4, "trend": 62.301755, "fair_value": 54.955744, "relative_strength": 7.117356, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.569354, "energy": 17.296246, "activity_lines": [ 63.156395, 62.385979, 60.29726, 60.827041 ] }, { "date": "2024-05-10", "close": 70.217171, "volume": 19795843, "typical_volume": 17901391.05, "trend": 62.325381, "fair_value": 55.197428, "relative_strength": 9.867396, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.959705, "energy": 49.26131, "activity_lines": [ 65.880656, 63.908195, 61.337489, 61.337713 ] }, { "date": "2024-05-17", "close": 68.875198, "volume": 16983074, "typical_volume": 18189317.75, "trend": 62.387754, "fair_value": 55.418248, "relative_strength": 7.30156, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 38.488108, "energy": 62.899984, "activity_lines": [ 67.639077, 65.003421, 62.206529, 61.760282 ] }, { "date": "2024-05-24", "close": 66.23851, "volume": 10837826, "typical_volume": 18100461.35, "trend": 62.448867, "fair_value": 55.594596, "relative_strength": 4.91731, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.275041, "energy": 62.682427, "activity_lines": [ 67.779573, 65.432644, 62.784539, 62.008718 ] }, { "date": "2024-05-31", "close": 65.747086, "volume": 10190022, "typical_volume": 17981514.9, "trend": 62.350582, "fair_value": 55.799912, "relative_strength": 3.744767, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.915368, "energy": 56.988383, "activity_lines": [ 67.189861, 65.737293, 63.298645, 62.221506 ] }, { "date": "2024-06-07", "close": 62.437992, "volume": 18187565, "typical_volume": 18346096.85, "trend": 62.08151, "fair_value": 55.992419, "relative_strength": -0.647157, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 52.489792, "energy": 32.014292, "activity_lines": [ 65.457427, 65.396129, 63.458988, 62.227145 ] }, { "date": "2024-06-14", "close": 59.238514, "volume": 18746755, "typical_volume": 18451928.8, "trend": 61.755247, "fair_value": 56.163727, "relative_strength": -5.42735, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 14.407894, "energy": 17.154982, "activity_lines": [ 62.969201, 64.462443, 63.289784, 62.043726 ] }, { "date": "2024-06-21", "close": 55.894482, "volume": 16244103, "typical_volume": 18052023.0, "trend": 61.3843, "fair_value": 56.288501, "relative_strength": -9.937871, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -23.03303, "energy": 30.115863, "activity_lines": [ 60.098208, 62.978949, 62.785167, 61.665612 ] }, { "date": "2024-06-28", "close": 55.412632, "volume": 24530344, "typical_volume": 17939073.15, "trend": 60.827811, "fair_value": 56.401381, "relative_strength": -9.82383, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -34.117953, "energy": 40.360225, "activity_lines": [ 57.93198, 61.442306, 62.211507, 61.280343 ] }, { "date": "2024-07-05", "close": 54.429661, "volume": 16057522, "typical_volume": 17319994.45, "trend": 60.314792, "fair_value": 56.481251, "relative_strength": -10.9125, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.271029, "energy": 59.889475, "activity_lines": [ 56.15982, 59.769302, 61.506364, 60.86756 ] }, { "date": "2024-07-12", "close": 55.07534, "volume": 19041862, "typical_volume": 16315028.2, "trend": 59.982063, "fair_value": 56.606424, "relative_strength": -10.479334, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.926178, "energy": 61.189196, "activity_lines": [ 55.357381, 58.408641, 60.854143, 60.52953 ] }, { "date": "2024-07-19", "close": 57.937519, "volume": 20929186, "typical_volume": 16356177.85, "trend": 59.876417, "fair_value": 56.727427, "relative_strength": -6.298422, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.084029, "energy": 48.245031, "activity_lines": [ 55.999846, 57.786979, 60.505257, 60.397624 ] }, { "date": "2024-07-26", "close": 49.389523, "volume": 25642019, "typical_volume": 16945564.5, "trend": 59.506314, "fair_value": 56.795272, "relative_strength": -17.454876, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -57.096354, "energy": 62.683058, "activity_lines": [ 53.879711, 55.834403, 59.352823, 59.721051 ] }, { "date": "2024-08-02", "close": 47.992157, "volume": 25968461, "typical_volume": 17116980.05, "trend": 59.017808, "fair_value": 56.867846, "relative_strength": -19.962451, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -83.021245, "energy": 77.65626, "activity_lines": [ 51.727452, 53.982045, 58.111224, 58.978202 ] }, { "date": "2024-08-09", "close": 50.362854, "volume": 26100936, "typical_volume": 17534446.9, "trend": 58.775284, "fair_value": 56.962461, "relative_strength": -14.532395, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.186246, "energy": 73.876321, "activity_lines": [ 50.860123, 52.892475, 57.173067, 58.419818 ] }, { "date": "2024-08-16", "close": 48.878761, "volume": 15608585, "typical_volume": 17730654.9, "trend": 58.497152, "fair_value": 57.043292, "relative_strength": -17.313525, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.270378, "energy": 81.605833, "activity_lines": [ 49.769217, 51.812783, 56.15526, 57.781332 ] }, { "date": "2024-08-23", "close": 48.898037, "volume": 20782486, "typical_volume": 18301018.4, "trend": 58.271009, "fair_value": 57.136646, "relative_strength": -16.275784, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.905348, "energy": 76.943128, "activity_lines": [ 49.097842, 50.983127, 55.201029, 57.162034 ] }, { "date": "2024-08-30", "close": 48.474007, "volume": 21963740, "typical_volume": 18543628.15, "trend": 58.18572, "fair_value": 57.236524, "relative_strength": -16.370627, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.732138, "energy": 59.044429, "activity_lines": [ 48.887755, 50.264383, 54.270896, 56.52997 ] }, { "date": "2024-09-06", "close": 48.454731, "volume": 18324739, "typical_volume": 18792526.65, "trend": 58.218865, "fair_value": 57.333645, "relative_strength": -13.653276, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.371051, "energy": 54.128996, "activity_lines": [ 48.732278, 49.677053, 53.383289, 55.902164 ] }, { "date": "2024-09-13", "close": 45.582912, "volume": 22143023, "typical_volume": 18869114.05, "trend": 57.983969, "fair_value": 57.401479, "relative_strength": -16.386247, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.856462, "energy": 58.759231, "activity_lines": [ 47.588689, 48.69408, 52.266402, 55.086941 ] }, { "date": "2024-09-20", "close": 49.919556, "volume": 19749127, "typical_volume": 19391360.9, "trend": 57.596882, "fair_value": 57.520976, "relative_strength": -9.098939, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.741733, "energy": 48.411098, "activity_lines": [ 48.209311, 48.660439, 51.655714, 54.566656 ] }, { "date": "2024-09-27", "close": 63.883541, "volume": 41567640, "typical_volume": 20479950.75, "trend": 57.721253, "fair_value": 57.681263, "relative_strength": 3.301879, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -7.57532, "energy": 12.185756, "activity_lines": [ 53.415209, 51.259445, 52.456734, 54.972247 ] }, { "date": "2024-10-04", "close": 70.272858, "volume": 8930944, "typical_volume": 20077344.25, "trend": 58.10995, "fair_value": 57.838115, "relative_strength": 5.299488, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.786658, "energy": 43.190935, "activity_lines": [ 59.751845, 54.912036, 53.89642, 55.782028 ] }, { "date": "2024-10-11", "close": 60.606964, "volume": 40833977, "typical_volume": 21577151.8, "trend": 57.98681, "fair_value": 57.908089, "relative_strength": -5.513479, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 18.940411, "energy": 37.058516, "activity_lines": [ 61.41326, 56.427495, 54.40889, 55.943126 ] }, { "date": "2024-10-18", "close": 60.038383, "volume": 30739310, "typical_volume": 22604616.2, "trend": 57.877479, "fair_value": 57.985298, "relative_strength": -7.363601, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 21.747185, "energy": 39.375492, "activity_lines": [ 62.074999, 57.610215, 54.894026, 56.075486 ] }, { "date": "2024-10-25", "close": 63.555878, "volume": 32045639, "typical_volume": 23297519.9, "trend": 57.93454, "fair_value": 58.076983, "relative_strength": -2.850677, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 26.969637, "energy": 54.725231, "activity_lines": [ 62.945538, 59.256561, 55.741346, 56.441834 ] }, { "date": "2024-11-01", "close": 58.573563, "volume": 45288925, "typical_volume": 24624628.4, "trend": 57.805678, "fair_value": 58.152815, "relative_strength": -9.281039, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 18.366534, "energy": 23.44915, "activity_lines": [ 61.246217, 59.730175, 56.108836, 56.483061 ] }, { "date": "2024-11-08", "close": 63.199314, "volume": 42876700, "typical_volume": 25956258.25, "trend": 57.985996, "fair_value": 58.254322, "relative_strength": -6.777802, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.414279, "energy": 25.571725, "activity_lines": [ 61.442812, 60.868916, 56.92004, 56.831038 ] }, { "date": "2024-11-15", "close": 62.592178, "volume": 31307208, "typical_volume": 26295101.45, "trend": 58.147651, "fair_value": 58.358546, "relative_strength": -3.934538, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.596956, "energy": 24.046131, "activity_lines": [ 61.908598, 61.629536, 57.638637, 57.128211 ] }, { "date": "2024-11-22", "close": 57.71587, "volume": 20757051, "typical_volume": 26530077.9, "trend": 57.89979, "fair_value": 58.428061, "relative_strength": -9.314671, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 13.023146, "energy": 12.275725, "activity_lines": [ 60.616601, 61.246509, 57.858636, 57.100354 ] }, { "date": "2024-11-29", "close": 59.402344, "volume": 16782400, "typical_volume": 26417104.8, "trend": 57.643251, "fair_value": 58.452997, "relative_strength": -7.794777, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 12.093492, "energy": 12.016154, "activity_lines": [ 60.041595, 60.949515, 58.223602, 57.197293 ] }, { "date": "2024-12-06", "close": 58.062801, "volume": 17137036, "typical_volume": 26227497.3, "trend": 57.238106, "fair_value": 58.481863, "relative_strength": -11.40357, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.034849, "energy": 7.2117, "activity_lines": [ 59.296977, 60.236554, 58.440388, 57.224361 ] }, { "date": "2024-12-13", "close": 61.175549, "volume": 34847383, "typical_volume": 26687765.5, "trend": 56.981451, "fair_value": 58.537409, "relative_strength": -5.954469, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.492248, "energy": 18.701692, "activity_lines": [ 59.623993, 60.195378, 58.95303, 57.478389 ] }, { "date": "2024-12-20", "close": 53.726162, "volume": 34496424, "typical_volume": 27114163.65, "trend": 56.564372, "fair_value": 58.503968, "relative_strength": -16.419051, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.77568, "energy": 11.967523, "activity_lines": [ 57.602798, 58.965174, 58.700082, 57.268371 ] }, { "date": "2024-12-27", "close": 52.193882, "volume": 27657789, "typical_volume": 27192006.3, "trend": 56.112599, "fair_value": 58.448831, "relative_strength": -19.128411, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.564209, "energy": 19.585802, "activity_lines": [ 55.66191, 57.581479, 58.273898, 56.986403 ] }, { "date": "2025-01-03", "close": 49.562988, "volume": 22091080, "typical_volume": 27516131.05, "trend": 55.683432, "fair_value": 58.362968, "relative_strength": -18.226121, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.741399, "energy": 39.485986, "activity_lines": [ 53.21219, 55.862067, 57.588434, 56.563848 ] }, { "date": "2025-01-10", "close": 51.500019, "volume": 31153619, "typical_volume": 28034687.7, "trend": 55.425482, "fair_value": 58.261446, "relative_strength": -13.578121, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.267605, "energy": 51.027152, "activity_lines": [ 52.064104, 54.749259, 57.08419, 56.29395 ] }, { "date": "2025-01-17", "close": 54.439301, "volume": 32745402, "typical_volume": 28573770.8, "trend": 55.376976, "fair_value": 58.190113, "relative_strength": -10.430749, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.658114, "energy": 47.703528, "activity_lines": [ 52.333298, 54.299475, 56.847488, 56.230326 ] }, { "date": "2025-01-24", "close": 53.253948, "volume": 31765025, "typical_volume": 29245785.1, "trend": 55.30502, "fair_value": 58.089073, "relative_strength": -12.376624, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.531499, "energy": 39.078494, "activity_lines": [ 52.656457, 53.793446, 56.469489, 56.093356 ] }, { "date": "2025-01-31", "close": 53.735798, "volume": 3724200, "typical_volume": 28324843.95, "trend": 55.281891, "fair_value": 58.027326, "relative_strength": -11.437147, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.451545, "energy": 18.597122, "activity_lines": [ 53.171714, 53.544811, 56.114526, 55.992116 ] }, { "date": "2025-02-07", "close": 51.760216, "volume": 15114023, "typical_volume": 28093088.75, "trend": 55.171387, "fair_value": 57.990875, "relative_strength": -15.914716, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -32.101645, "energy": 22.799385, "activity_lines": [ 52.925649, 53.009345, 55.53259, 55.764911 ] }, { "date": "2025-02-14", "close": 52.425171, "volume": 35005829, "typical_volume": 27764998.2, "trend": 54.987642, "fair_value": 57.96974, "relative_strength": -15.695295, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.395155, "energy": 19.230553, "activity_lines": [ 52.754754, 52.733728, 55.005218, 55.587736 ] }, { "date": "2025-02-21", "close": 50.488136, "volume": 25470280, "typical_volume": 28591965.0, "trend": 55.024263, "fair_value": 57.888345, "relative_strength": -19.125045, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -35.925768, "energy": 34.659456, "activity_lines": [ 51.876504, 52.208425, 54.34793, 55.297445 ] }, { "date": "2025-02-28", "close": 54.362202, "volume": 57300480, "typical_volume": 29415290.15, "trend": 55.236597, "fair_value": 57.841376, "relative_strength": -11.068593, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -24.606608, "energy": 21.683628, "activity_lines": [ 52.55302, 52.581814, 54.153814, 55.254732 ] }, { "date": "2025-03-07", "close": 55.721016, "volume": 36269566, "typical_volume": 29691802.95, "trend": 55.415203, "fair_value": 57.800543, "relative_strength": -9.985873, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -33.23089, "energy": 17.587611, "activity_lines": [ 53.60859, 53.190696, 54.118846, 55.285984 ] }, { "date": "2025-03-14", "close": 58.101353, "volume": 44550784, "typical_volume": 30317060.2, "trend": 55.722623, "fair_value": 57.737068, "relative_strength": -7.035667, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -12.735571, "energy": 12.523079, "activity_lines": [ 55.325259, 54.168236, 54.331135, 55.459284 ] }, { "date": "2025-03-21", "close": 54.718769, "volume": 33827685, "typical_volume": 29743998.2, "trend": 55.916647, "fair_value": 57.662614, "relative_strength": -10.599455, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -12.650548, "energy": 17.217764, "activity_lines": [ 55.491656, 54.375519, 54.247247, 55.39452 ] }, { "date": "2025-03-28", "close": 53.051571, "volume": 24308422, "typical_volume": 28815584.3, "trend": 56.069232, "fair_value": 57.596656, "relative_strength": -12.557055, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -20.545685, "energy": 16.932808, "activity_lines": [ 54.949415, 54.221152, 54.022935, 55.209676 ] }, { "date": "2025-04-04", "close": 52.290249, "volume": 19056520, "typical_volume": 28203049.9, "trend": 56.197083, "fair_value": 57.541318, "relative_strength": -13.138719, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -28.368572, "energy": 13.542009, "activity_lines": [ 53.982504, 53.953594, 53.774438, 54.965871 ] }, { "date": "2025-04-11", "close": 50.729061, "volume": 34558769, "typical_volume": 28893135.8, "trend": 56.368621, "fair_value": 57.518845, "relative_strength": -12.707696, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -58.106388, "energy": 43.727267, "activity_lines": [ 52.633327, 53.419705, 53.426314, 54.613095 ] }, { "date": "2025-04-18", "close": 48.261997, "volume": 30751592, "typical_volume": 29591595.4, "trend": 56.313369, "fair_value": 57.498982, "relative_strength": -17.56578, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -70.846903, "energy": 65.86279, "activity_lines": [ 50.794592, 52.491927, 52.876501, 54.090087 ] }, { "date": "2025-04-25", "close": 48.155991, "volume": 34419484, "typical_volume": 30455717.8, "trend": 55.789118, "fair_value": 57.488031, "relative_strength": -17.629971, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.999921, "energy": 72.578935, "activity_lines": [ 49.57648, 51.60848, 52.369642, 53.563805 ] }, { "date": "2025-05-02", "close": 42.325615, "volume": 39872513, "typical_volume": 30706974.3, "trend": 54.857543, "fair_value": 57.452281, "relative_strength": -26.556029, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.292284, "energy": 85.35015, "activity_lines": [ 46.852427, 49.742585, 51.354685, 52.695191 ] }, { "date": "2025-05-09", "close": 44.156639, "volume": 27616412, "typical_volume": 30362973.7, "trend": 54.309199, "fair_value": 57.396918, "relative_strength": -24.070878, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.349433, "energy": 83.476636, "activity_lines": [ 45.453779, 48.358014, 50.603872, 52.004811 ] }, { "date": "2025-05-16", "close": 42.740002, "volume": 27476567, "typical_volume": 30353912.6, "trend": 53.732586, "fair_value": 57.335165, "relative_strength": -26.317877, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.930874, "energy": 86.250536, "activity_lines": [ 44.125159, 46.901428, 49.763711, 51.258411 ] }, { "date": "2025-05-23", "close": 40.350033, "volume": 39154582, "typical_volume": 31207087.7, "trend": 52.959058, "fair_value": 57.255693, "relative_strength": -29.30006, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.496523, "energy": 91.282247, "activity_lines": [ 42.532487, 45.24632, 48.740952, 50.39502 ] }, { "date": "2025-05-30", "close": 38.933399, "volume": 29834938, "typical_volume": 31141153.65, "trend": 52.304386, "fair_value": 57.182406, "relative_strength": -31.011626, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.359464, "energy": 92.435622, "activity_lines": [ 40.995068, 43.656394, 47.627147, 49.490139 ] }, { "date": "2025-06-06", "close": 39.444157, "volume": 22545831, "typical_volume": 30631175.1, "trend": 51.512547, "fair_value": 57.094613, "relative_strength": -30.18675, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.712464, "energy": 89.998337, "activity_lines": [ 40.242742, 42.44634, 46.621826, 48.660447 ] }, { "date": "2025-06-13", "close": 37.034912, "volume": 43959220, "typical_volume": 31240884.85, "trend": 50.660638, "fair_value": 56.976695, "relative_strength": -33.6335, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.151661, "energy": 93.423348, "activity_lines": [ 38.87943, 41.045648, 45.458459, 47.726406 ] }, { "date": "2025-06-20", "close": 39.82, "volume": 53028640, "typical_volume": 33706106.85, "trend": 50.064109, "fair_value": 56.900376, "relative_strength": -27.70806, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.918615, "energy": 86.082758, "activity_lines": [ 38.919263, 40.428706, 44.637572, 47.02701 ] }, { "date": "2025-06-27", "close": 38.82, "volume": 51980410, "typical_volume": 35549426.2, "trend": 49.378031, "fair_value": 56.803072, "relative_strength": -30.247268, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.290438, "energy": 70.765172, "activity_lines": [ 38.82043, 39.828293, 43.787712, 46.301583 ] }, { "date": "2025-07-04", "close": 39.5, "volume": 38594996, "typical_volume": 35728884.55, "trend": 48.759271, "fair_value": 56.693909, "relative_strength": -29.417529, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.223554, "energy": 63.837401, "activity_lines": [ 39.050265, 39.523188, 43.064235, 45.664291 ] }, { "date": "2025-07-11", "close": 40.540001, "volume": 40541582, "typical_volume": 36482449.65, "trend": 48.07142, "fair_value": 56.587254, "relative_strength": -27.738039, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.551584, "energy": 54.772546, "activity_lines": [ 39.588994, 39.564556, 42.501353, 45.134016 ] }, { "date": "2025-07-18", "close": 39.939999, "volume": 39251877, "typical_volume": 35580019.5, "trend": 47.611881, "fair_value": 56.480555, "relative_strength": -28.598901, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.969069, "energy": 50.648187, "activity_lines": [ 39.854667, 39.529299, 41.928701, 44.609408 ] }, { "date": "2025-07-25", "close": 41.369999, "volume": 52935415, "typical_volume": 36413311.95, "trend": 47.251085, "fair_value": 56.365261, "relative_strength": -26.764339, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.756988, "energy": 39.38913, "activity_lines": [ 40.403333, 39.830708, 41.560916, 44.206706 ] }, { "date": "2025-08-01", "close": 41.189999, "volume": 48267544, "typical_volume": 36599149.95, "trend": 46.971985, "fair_value": 56.27507, "relative_strength": -25.944349, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.881751, "energy": 33.010874, "activity_lines": [ 40.788666, 40.124299, 41.244327, 43.815668 ] }, { "date": "2025-08-08", "close": 41.189999, "volume": 25512206, "typical_volume": 36183376.0, "trend": 46.628318, "fair_value": 56.202284, "relative_strength": -26.912268, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.380382, "energy": 28.56924, "activity_lines": [ 41.015999, 40.402617, 41.008268, 43.442637 ] }, { "date": "2025-08-15", "close": 41.830002, "volume": 40215968, "typical_volume": 36978753.3, "trend": 46.208008, "fair_value": 56.144294, "relative_strength": -26.498279, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.79109, "energy": 21.976201, "activity_lines": [ 41.344, 40.756271, 40.897584, 43.133068 ] }, { "date": "2025-08-22", "close": 43.91, "volume": 63236891, "typical_volume": 39187771.85, "trend": 45.896543, "fair_value": 56.101835, "relative_strength": -24.914515, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.769913, "energy": 15.05046, "activity_lines": [ 42.279333, 41.444727, 41.038432, 42.984809 ] }, { "date": "2025-08-29", "close": 45.580002, "volume": 77903548, "typical_volume": 41355010.8, "trend": 45.624683, "fair_value": 56.062121, "relative_strength": -22.195772, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 13.432652, "energy": 24.294586, "activity_lines": [ 43.506668, 42.311818, 41.378233, 42.964387 ] }, { "date": "2025-09-05", "close": 44.380001, "volume": 43260403, "typical_volume": 41980451.35, "trend": 45.378676, "fair_value": 56.017863, "relative_strength": -22.766795, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 3.677036, "energy": 24.192286, "activity_lines": [ 44.053334, 42.856, 41.628267, 42.884085 ] }, { "date": "2025-09-12", "close": 45.060001, "volume": 52211803, "typical_volume": 42870067.3, "trend": 45.13317, "fair_value": 55.986815, "relative_strength": -22.242733, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 8.884907, "energy": 28.833692, "activity_lines": [ 44.614001, 43.422728, 41.96155, 42.863526 ] }, { "date": "2025-09-19", "close": 42.700001, "volume": 36605445, "typical_volume": 42706713.9, "trend": 44.873566, "fair_value": 55.924065, "relative_strength": -24.657534, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 1.896952, "energy": 20.271725, "activity_lines": [ 44.130001, 43.459273, 42.084813, 42.706547 ] }, { "date": "2025-09-26", "close": 41.0, "volume": 29601727, "typical_volume": 42805979.65, "trend": 44.428159, "fair_value": 55.894675, "relative_strength": -26.862431, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.281652, "energy": 14.545772, "activity_lines": [ 43.021334, 43.147455, 42.044388, 42.456639 ] }, { "date": "2025-10-03", "close": 41.150002, "volume": 12362500, "typical_volume": 42050276.3, "trend": 43.942458, "fair_value": 55.861552, "relative_strength": -26.620095, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.341423, "energy": 21.088268, "activity_lines": [ 42.156668, 42.843637, 42.033281, 42.245145 ] }, { "date": "2025-10-10", "close": 40.369999, "volume": 11537913, "typical_volume": 40669442.85, "trend": 43.351413, "fair_value": 55.822717, "relative_strength": -27.455534, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.044922, "energy": 33.615849, "activity_lines": [ 41.327334, 42.402001, 41.95546, 42.014664 ] }, { "date": "2025-10-17", "close": 40.389999, "volume": 28528309, "typical_volume": 40604111.4, "trend": 42.873788, "fair_value": 55.754308, "relative_strength": -25.545983, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.54564, "energy": 32.557878, "activity_lines": [ 40.772, 41.978909, 41.879448, 41.823605 ] }, { "date": "2025-10-24", "close": 39.810001, "volume": 17593777, "typical_volume": 40356508.7, "trend": 42.432402, "fair_value": 55.675825, "relative_strength": -27.766013, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.072421, "energy": 45.643315, "activity_lines": [ 40.334667, 41.46491, 41.741262, 41.625942 ] }, { "date": "2025-10-31", "close": 42.380001, "volume": 48477718, "typical_volume": 40582433.6, "trend": 42.10206, "fair_value": 55.614944, "relative_strength": -22.421546, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.765917, "energy": 28.190398, "activity_lines": [ 40.946667, 41.45491, 41.846096, 41.622561 ] }, { "date": "2025-11-07", "close": 41.630001, "volume": 31446144, "typical_volume": 39503308.8, "trend": 41.798758, "fair_value": 55.567612, "relative_strength": -23.772107, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -18.713994, "energy": 14.007995, "activity_lines": [ 41.216667, 41.336364, 41.854048, 41.592105 ] }, { "date": "2025-11-14", "close": 42.919998, "volume": 42887913, "typical_volume": 39048683.95, "trend": 41.620692, "fair_value": 55.542213, "relative_strength": -20.370038, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.478468, "energy": 9.125672, "activity_lines": [ 41.884667, 41.524182, 41.976238, 41.664443 ] }, { "date": "2025-11-21", "close": 41.630001, "volume": 23436549, "typical_volume": 38290761.6, "trend": 41.403159, "fair_value": 55.515732, "relative_strength": -18.84265, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 29.193915, "energy": 17.702316, "activity_lines": [ 41.952667, 41.504, 41.956048, 41.665044 ] }, { "date": "2025-11-28", "close": 42.099998, "volume": 19491353, "typical_volume": 37238250.15, "trend": 41.395638, "fair_value": 55.501352, "relative_strength": -18.233358, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 32.31025, "energy": 18.103216, "activity_lines": [ 42.094666, 41.631636, 41.970476, 41.710001 ] }, { "date": "2025-12-05", "close": 40.169998, "volume": 17516400, "typical_volume": 36151476.3, "trend": 41.26275, "fair_value": 55.467413, "relative_strength": -21.494646, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 15.587084, "energy": 7.819498, "activity_lines": [ 41.440665, 41.419272, 41.793667, 41.630928 ] }, { "date": "2025-12-12", "close": 39.099998, "volume": 21462508, "typical_volume": 34577830.95, "trend": 41.141417, "fair_value": 55.437308, "relative_strength": -22.412804, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -23.979137, "energy": 29.720627, "activity_lines": [ 40.577332, 41.027454, 41.513857, 41.491395 ] }, { "date": "2025-12-19", "close": 40.09, "volume": 26856252, "typical_volume": 33507266.35, "trend": 41.132749, "fair_value": 55.394718, "relative_strength": -19.798683, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -23.670463, "energy": 37.941001, "activity_lines": [ 40.212666, 40.852908, 41.339143, 41.423562 ] }, { "date": "2025-12-26", "close": 39.869999, "volume": 17037428, "typical_volume": 33083527.45, "trend": 41.163969, "fair_value": 55.300461, "relative_strength": -21.08743, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -28.403868, "energy": 45.489494, "activity_lines": [ 39.963332, 40.643454, 41.148714, 41.342094 ] }, { "date": "2026-01-02", "close": 39.560001, "volume": 12962829, "typical_volume": 31720870.5, "trend": 41.16783, "fair_value": 55.190019, "relative_strength": -21.152646, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.755546, "energy": 47.576546, "activity_lines": [ 39.728, 40.38709, 40.935047, 41.238613 ] }, { "date": "2026-01-09", "close": 39.84, "volume": 22455580, "typical_volume": 29681804.95, "trend": 41.261333, "fair_value": 55.088858, "relative_strength": -22.741933, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -54.966041, "energy": 44.850299, "activity_lines": [ 39.755333, 40.186181, 40.758857, 41.152946 ] }, { "date": "2026-01-16", "close": 38.990002, "volume": 28578152, "typical_volume": 27215535.15, "trend": 41.233667, "fair_value": 54.965851, "relative_strength": -23.188883, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.997187, "energy": 44.649649, "activity_lines": [ 39.521334, 39.876909, 40.521095, 41.006409 ] }, { "date": "2026-01-23", "close": 39.119999, "volume": 26622148, "typical_volume": 26383622.4, "trend": 41.243667, "fair_value": 54.813144, "relative_strength": -22.740795, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.538474, "energy": 40.082456, "activity_lines": [ 39.338, 39.639273, 40.327095, 40.870043 ] }, { "date": "2026-01-30", "close": 40.630001, "volume": 46831910, "typical_volume": 26114627.75, "trend": 41.281333, "fair_value": 54.644692, "relative_strength": -18.550998, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.111566, "energy": 28.896092, "activity_lines": [ 39.722667, 39.745273, 40.301952, 40.830452 ] }, { "date": "2026-02-06", "close": 42.27, "volume": 52543759, "typical_volume": 26911543.45, "trend": 41.339, "fair_value": 54.505583, "relative_strength": -13.447776, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -17.091023, "energy": 10.002935, "activity_lines": [ 40.603334, 40.167637, 40.454095, 40.894237 ] }, { "date": "2026-02-13", "close": 39.330002, "volume": 26778627, "typical_volume": 26770388.45, "trend": 41.318667, "fair_value": 54.360876, "relative_strength": -19.01125, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.957662, "energy": 18.958268, "activity_lines": [ 40.323334, 40.052364, 40.328286, 40.764624 ] }, { "date": "2026-02-27", "close": 38.02, "volume": 16354952, "typical_volume": 26970011.05, "trend": 41.207, "fair_value": 54.185435, "relative_strength": -22.500939, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.495565, "energy": 26.433224, "activity_lines": [ 39.640667, 39.714182, 40.085667, 40.551807 ] }, { "date": "2026-03-06", "close": 36.369999, "volume": 16984252, "typical_volume": 27242328.0, "trend": 41.046333, "fair_value": 53.993239, "relative_strength": -24.235257, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.646272, "energy": 54.580586, "activity_lines": [ 38.472667, 39.095637, 39.70081, 40.239742 ] }, { "date": "2026-03-13", "close": 35.48, "volume": 13883621, "typical_volume": 26510093.6, "trend": 40.856, "fair_value": 53.801872, "relative_strength": -24.59139, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.461865, "energy": 79.710082, "activity_lines": [ 37.191333, 38.382909, 39.250238, 39.880624 ] }, { "date": "2026-03-20", "close": 33.5, "volume": 14717765, "typical_volume": 26366293.0, "trend": 40.578333, "fair_value": 53.604348, "relative_strength": -25.24267, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.70532, "energy": 89.378325, "activity_lines": [ 35.593333, 37.39, 38.634476, 39.406043 ] }, { "date": "2026-03-27", "close": 31.969999, "volume": 13555015, "typical_volume": 24620157.85, "trend": 40.180333, "fair_value": 53.419768, "relative_strength": -26.86194, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.323494, "energy": 95.166875, "activity_lines": [ 34.07, 36.229091, 37.903048, 38.850667 ] }, { "date": "2026-04-03", "close": 35.52, "volume": 42217703, "typical_volume": 25158735.8, "trend": 39.845, "fair_value": 53.26929, "relative_strength": -17.083254, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.452892, "energy": 81.394569, "activity_lines": [ 34.220666, 35.856727, 37.559286, 38.55 ] }, { "date": "2026-04-10", "close": 34.122375, "volume": 13512257, "typical_volume": 23689953.0, "trend": 39.503079, "fair_value": 53.09322, "relative_strength": -21.497546, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.440338, "energy": 71.395722, "activity_lines": [ 34.072125, 35.293341, 37.111512, 38.180798 ] }, { "date": "2026-04-17", "close": 33.060833, "volume": 17487690, "typical_volume": 23392510.05, "trend": 39.103107, "fair_value": 52.909455, "relative_strength": -24.159927, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.700271, "energy": 57.925161, "activity_lines": [ 33.719578, 34.627813, 36.604532, 37.76517 ] }, { "date": "2026-04-24", "close": 38.110332, "volume": 50846304, "typical_volume": 24960257.6, "trend": 38.950118, "fair_value": 52.766671, "relative_strength": -12.342679, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.566468, "energy": 28.725718, "activity_lines": [ 35.211474, 35.017997, 36.619263, 37.70112 ] }, { "date": "2026-05-01", "close": 36.341095, "volume": 37323485, "typical_volume": 25950611.85, "trend": 38.794821, "fair_value": 52.647239, "relative_strength": -16.194092, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.133452, "energy": 23.706189, "activity_lines": [ 35.80627, 35.162131, 36.484493, 37.532795 ] }, { "date": "2026-05-08", "close": 36.168953, "volume": 18979044, "typical_volume": 25826438.65, "trend": 38.628786, "fair_value": 52.52201, "relative_strength": -17.302154, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.480073, "energy": 19.548045, "activity_lines": [ 36.052279, 35.329311, 36.351562, 37.363385 ] }, { "date": "2026-05-15", "close": 33.739838, "volume": 38695440, "typical_volume": 26418398.05, "trend": 38.407781, "fair_value": 52.358042, "relative_strength": -21.293773, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.58828, "energy": 24.421476, "activity_lines": [ 35.445319, 35.088489, 36.001244, 37.047969 ] }, { "date": "2026-05-22", "close": 34.112812, "volume": 31175750, "typical_volume": 27125314.15, "trend": 38.198541, "fair_value": 52.211494, "relative_strength": -19.33041, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.73241, "energy": 27.502141, "activity_lines": [ 34.988186, 34.963302, 35.716686, 36.770874 ] }, { "date": "2026-05-29", "close": 35.336933, "volume": 58559517, "typical_volume": 29405148.55, "trend": 38.049439, "fair_value": 52.08408, "relative_strength": -14.990038, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.112855, "energy": 28.853699, "activity_lines": [ 34.868962, 35.08554, 35.576126, 36.586254 ] }, { "date": "2026-06-05", "close": 33.596386, "volume": 5881655, "typical_volume": 28576452.3, "trend": 37.756652, "fair_value": 51.951093, "relative_strength": -17.849257, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.180436, "energy": 36.883668, "activity_lines": [ 34.354448, 34.857916, 35.289909, 36.29896 ] }, { "date": "2026-06-12", "close": 33.080002, "volume": 5366773, "typical_volume": 27415883.35, "trend": 37.471652, "fair_value": 51.812063, "relative_strength": -18.656804, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.07439, "energy": 39.922866, "activity_lines": [ 33.850788, 34.506834, 34.984245, 35.997241 ] }, { "date": "2026-06-19", "close": 31.91, "volume": 18683295, "typical_volume": 27018940.7, "trend": 37.104652, "fair_value": 51.675157, "relative_strength": -22.195405, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.065214, "energy": 52.235189, "activity_lines": [ 33.163056, 33.987387, 34.595295, 35.638425 ] }, { "date": "2026-06-26", "close": 29.549999, "volume": 4935000, "typical_volume": 24924095.2, "trend": 36.701985, "fair_value": 51.527452, "relative_strength": -26.179566, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.104923, "energy": 71.570609, "activity_lines": [ 31.810647, 33.079075, 34.015916, 35.151028 ] }, { "date": "2026-07-03", "close": 31.58, "volume": 7196500, "typical_volume": 22656732.25, "trend": 36.351319, "fair_value": 51.346658, "relative_strength": -20.887989, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.318133, "energy": 68.331312, "activity_lines": [ 31.439092, 32.603686, 33.682632, 34.820577 ] }, { "date": "2026-07-10", "close": 32.310001, "volume": 29488351, "typical_volume": 22792218.45, "trend": 36.089319, "fair_value": 51.178904, "relative_strength": -17.569158, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.122838, "energy": 61.48381, "activity_lines": [ 31.561334, 32.379759, 33.469777, 34.559847 ] }, { "date": "2026-07-17", "close": 33.450001, "volume": 39950807, "typical_volume": 23972011.2, "trend": 35.900985, "fair_value": 51.006826, "relative_strength": -8.925293, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.676569, "energy": 38.459322, "activity_lines": [ 32.149334, 32.436397, 33.398922, 34.389568 ] }, { "date": "2026-07-24", "close": 34.959999, "volume": 49564462, "typical_volume": 25601021.7, "trend": 35.729985, "fair_value": 50.861935, "relative_strength": -5.666037, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.650749, "energy": 15.778079, "activity_lines": [ 33.216, 32.817015, 33.493639, 34.32886 ] }, { "date": "2026-07-31", "close": 38.869999, "volume": 46437781, "typical_volume": 27228729.7, "trend": 35.696652, "fair_value": 50.717937, "relative_strength": 4.673729, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 6.175722, "energy": 19.902498, "activity_lines": [ 35.382666, 33.886358, 33.96745, 34.531441 ] }, { "date": "2026-08-07", "close": 37.049999, "volume": 31288215, "typical_volume": 28057252.2, "trend": 35.612985, "fair_value": 50.558153, "relative_strength": -2.537411, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 24.311773, "energy": 32.011455, "activity_lines": [ 36.321333, 34.538298, 34.251785, 34.618754 ] } ], "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." } } }