{ "ticker": { "uuid": "37a8dd7a-2d35-4773-8550-edca24ca5156", "symbol": "8171", "name": "Formosa Electronic Industries Inc.", "exchange": "TWO", "country": "TW", "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": "2026-08-14", "benchmark": "^TWII", "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": -62.005, "architecture_energy": 52.261, "architecture_maturity": 56.846, "architecture_confidence": 91.887, "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": 10.99, "rotation_up": 19.89, "upward_expansion": 8.09, "deceleration": 52.16, "rotation_down": 59.31, "downward_expansion": 81.43 }, "activity_lines": [ 19.69, 20.097273, 21.257143, 22.303334 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 19.700001, "trend_reference": 24.041667, "distance_from_trend": -0.180589, "trend_direction": "Weakening", "fair_value": 33.203846, "distance_from_fair_value": -0.406695, "fair_value_direction": "Weakening", "relative_strength": -46.209361, "relative_strength_direction": "Improving", "price_momentum": -0.308772, "excess_performance": -0.750144, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.180589, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.054408, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.406695, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.052911, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.462094, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.002257, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.308772, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.742343, "read": "Supply-led" } ], "volume": { "latest": 478093, "relative_activity": 0.504678, "balance": 0.742343, "dry_up": 0.50659, "accumulation_observations": 1, "distribution_observations": 4 }, "risk": { "range_context": 0.089418, "annualized_volatility": 0.276154, "from_high_reference": -0.401216, "from_low_reference": 0.070652 }, "levels": { "trend_reference": 24.041667, "fair_value_reference": 33.203846, "structural_low": 18.4, "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": 35, "median_return": 0.00303, "positive_rate": 0.514286, "directional_follow_through": 0.485714, "median_excess_return": -0.007786, "regime_survival": 0.8, "best_return": 0.234621, "worst_return": -0.191919, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 13, "median_return": -0.029293, "positive_rate": 0.384615, "directional_follow_through": 0.615385, "median_excess_return": -0.104606, "regime_survival": 0.461538, "best_return": 0.271895, "worst_return": -0.192157, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.050132, "positive_rate": 0.428571, "directional_follow_through": 0.571429, "median_excess_return": -0.11787, "regime_survival": 0.285714, "best_return": 0.259375, "worst_return": -0.18985, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.149133, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.256435, "regime_survival": 1.0, "best_return": 0.183547, "worst_return": -0.228571, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-03-01", "end": "2024-05-10", "tenure": "Developing", "return": -0.075243, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-05-17", "end": "2024-07-19", "tenure": "Developing", "return": -0.00915, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-07-26", "end": "2024-08-02", "tenure": "New", "return": -0.0625, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-09", "end": "2024-11-01", "tenure": "Established", "return": 0.092188, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-08", "end": "2024-11-15", "tenure": "New", "return": -0.042398, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-11-22", "end": "2024-12-13", "tenure": "New", "return": -0.079807, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-20", "end": "2025-01-03", "tenure": "New", "return": -0.082645, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-10", "end": "2025-02-21", "tenure": "Developing", "return": 0.182236, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-28", "end": "2025-04-18", "tenure": "Developing", "return": -0.005128, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-25", "end": "2025-06-06", "tenure": "Developing", "return": -0.042857, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-06-13", "end": "2026-01-09", "tenure": "Extended", "return": -0.214403, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-16", "end": "2026-02-27", "tenure": "Developing", "return": -0.085899, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-06", "end": "2026-04-03", "tenure": "Developing", "return": -0.115809, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-10", "end": "2026-08-14", "tenure": "Established", "return": -0.156317, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 39.400002, "volume": 2816000, "typical_volume": 5849027.2, "trend": 52.92903, "fair_value": 45.563762, "relative_strength": -23.437154, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.2759, "energy": 89.274715, "activity_lines": [ 41.388442, 43.780807, 47.23682, 50.066976 ] }, { "date": "2023-08-18", "close": 38.299999, "volume": 2237000, "typical_volume": 5196391.45, "trend": 52.49873, "fair_value": 45.676035, "relative_strength": -24.595264, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.97559, "energy": 88.246268, "activity_lines": [ 40.128059, 42.469171, 46.086354, 49.123168 ] }, { "date": "2023-08-25", "close": 37.799999, "volume": 1464000, "typical_volume": 5138651.2, "trend": 52.032583, "fair_value": 45.773666, "relative_strength": -25.961016, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.282227, "energy": 86.861667, "activity_lines": [ 39.036559, 41.223497, 44.996775, 48.174862 ] }, { "date": "2023-09-01", "close": 38.200001, "volume": 1257000, "typical_volume": 4425770.0, "trend": 51.464693, "fair_value": 45.875267, "relative_strength": -25.84726, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.708526, "energy": 81.578579, "activity_lines": [ 38.486667, 40.256802, 44.05344, 47.282438 ] }, { "date": "2023-09-08", "close": 38.799999, "volume": 920000, "typical_volume": 3911037.6, "trend": 50.840085, "fair_value": 45.965116, "relative_strength": -24.286854, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.350751, "energy": 80.615943, "activity_lines": [ 38.413333, 39.642941, 43.26801, 46.465361 ] }, { "date": "2023-09-15", "close": 39.950001, "volume": 1130000, "typical_volume": 3666067.0, "trend": 50.141931, "fair_value": 46.050783, "relative_strength": -23.563134, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.984258, "energy": 63.431636, "activity_lines": [ 38.896667, 39.445939, 42.662612, 45.762775 ] }, { "date": "2023-09-22", "close": 40.25, "volume": 3065000, "typical_volume": 3672818.0, "trend": 49.488939, "fair_value": 46.097934, "relative_strength": -20.145228, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.109407, "energy": 51.796608, "activity_lines": [ 39.443333, 39.428562, 42.153099, 45.124586 ] }, { "date": "2023-09-29", "close": 38.400002, "volume": 1066000, "typical_volume": 3525907.9, "trend": 48.656008, "fair_value": 46.130048, "relative_strength": -23.730114, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.629633, "energy": 49.460999, "activity_lines": [ 39.243334, 39.13088, 41.530084, 44.40917 ] }, { "date": "2023-10-06", "close": 40.849998, "volume": 1448000, "typical_volume": 3445287.65, "trend": 48.070964, "fair_value": 46.150716, "relative_strength": -19.552795, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.311051, "energy": 39.575227, "activity_lines": [ 39.82, 39.379091, 41.199114, 43.905557 ] }, { "date": "2023-10-13", "close": 41.650002, "volume": 1452000, "typical_volume": 3201628.55, "trend": 47.477426, "fair_value": 46.215506, "relative_strength": -19.137796, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.434334, "energy": 31.574821, "activity_lines": [ 40.486667, 39.8, 40.996404, 43.491301 ] }, { "date": "2023-10-20", "close": 38.75, "volume": 1765000, "typical_volume": 3116250.0, "trend": 46.68493, "fair_value": 46.261418, "relative_strength": -23.065252, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.694938, "energy": 35.163321, "activity_lines": [ 39.996667, 39.689091, 40.573069, 42.928241 ] }, { "date": "2023-10-27", "close": 41.200001, "volume": 1753000, "typical_volume": 2632700.0, "trend": 46.022049, "fair_value": 46.327368, "relative_strength": -16.564233, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.970764, "energy": 23.132623, "activity_lines": [ 40.403334, 40.035455, 40.458354, 42.574375 ] }, { "date": "2023-11-03", "close": 40.5, "volume": 828000, "typical_volume": 2331800.0, "trend": 45.355015, "fair_value": 46.383343, "relative_strength": -19.699733, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.704417, "energy": 22.263724, "activity_lines": [ 40.513334, 40.201819, 40.304249, 42.218114 ] }, { "date": "2023-11-10", "close": 40.799999, "volume": 1021000, "typical_volume": 2196550.0, "trend": 44.736339, "fair_value": 46.442974, "relative_strength": -19.736846, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.849342, "energy": 19.967774, "activity_lines": [ 40.583333, 40.373637, 40.219877, 41.924242 ] }, { "date": "2023-11-17", "close": 41.5, "volume": 1295000, "typical_volume": 2040000.0, "trend": 44.332791, "fair_value": 46.492071, "relative_strength": -20.646472, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.53081, "energy": 13.217227, "activity_lines": [ 40.89, 40.625455, 40.253628, 41.715446 ] }, { "date": "2023-11-24", "close": 41.700001, "volume": 1468000, "typical_volume": 1957550.0, "trend": 43.919926, "fair_value": 46.52512, "relative_strength": -20.372307, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.805956, "energy": 11.101966, "activity_lines": [ 41.273334, 40.864546, 40.347984, 41.545588 ] }, { "date": "2023-12-01", "close": 42.0, "volume": 1335000, "typical_volume": 1693050.0, "trend": 43.539438, "fair_value": 46.565869, "relative_strength": -20.339905, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.333856, "energy": 10.111381, "activity_lines": [ 41.56, 41.126364, 40.495338, 41.421722 ] }, { "date": "2023-12-08", "close": 41.450001, "volume": 2486000, "typical_volume": 1676250.0, "trend": 43.23012, "fair_value": 46.60338, "relative_strength": -20.825072, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.538983, "energy": 11.760155, "activity_lines": [ 41.61, 41.256364, 40.596659, 41.28692 ] }, { "date": "2023-12-15", "close": 39.950001, "volume": 1207000, "typical_volume": 1599450.0, "trend": 42.83564, "fair_value": 46.634165, "relative_strength": -24.560563, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.363208, "energy": 10.016348, "activity_lines": [ 41.096667, 41.058182, 40.566905, 41.075299 ] }, { "date": "2023-12-22", "close": 40.049999, "volume": 1061000, "typical_volume": 1553700.0, "trend": 42.393348, "fair_value": 46.662125, "relative_strength": -23.514267, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.506476, "energy": 16.377694, "activity_lines": [ 40.673334, 40.894546, 40.558095, 40.89558 ] }, { "date": "2023-12-29", "close": 42.200001, "volume": 3473000, "typical_volume": 1586550.0, "trend": 41.981332, "fair_value": 46.681626, "relative_strength": -20.437832, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.424124, "energy": 8.849741, "activity_lines": [ 41.063334, 41.150909, 40.760477, 40.883106 ] }, { "date": "2024-01-05", "close": 40.900002, "volume": 949000, "typical_volume": 1522150.0, "trend": 41.780402, "fair_value": 46.677483, "relative_strength": -20.57836, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.818437, "energy": 10.565848, "activity_lines": [ 40.986668, 41.108182, 40.825715, 40.813343 ] }, { "date": "2024-01-12", "close": 38.799999, "volume": 1399000, "typical_volume": 1518900.0, "trend": 41.435608, "fair_value": 46.624062, "relative_strength": -23.838127, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.38879, "energy": 20.586017, "activity_lines": [ 40.283334, 40.689091, 40.678572, 40.621059 ] }, { "date": "2024-01-19", "close": 38.299999, "volume": 771000, "typical_volume": 1494600.0, "trend": 40.992077, "fair_value": 46.57379, "relative_strength": -24.897197, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.935496, "energy": 42.216283, "activity_lines": [ 39.59, 40.21, 40.479048, 40.418762 ] }, { "date": "2024-01-26", "close": 38.799999, "volume": 653000, "typical_volume": 1481250.0, "trend": 40.611172, "fair_value": 46.527879, "relative_strength": -24.582695, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.25632, "energy": 51.515784, "activity_lines": [ 39.173333, 39.867273, 40.326667, 40.277337 ] }, { "date": "2024-02-02", "close": 37.900002, "volume": 768000, "typical_volume": 1463150.0, "trend": 40.313525, "fair_value": 46.519526, "relative_strength": -25.878019, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.013401, "energy": 65.28047, "activity_lines": [ 38.54, 39.41, 40.088572, 40.102423 ] }, { "date": "2024-02-09", "close": 37.650002, "volume": 280000, "typical_volume": 1323900.0, "trend": 40.124084, "fair_value": 46.529791, "relative_strength": -25.701019, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.514029, "energy": 68.976703, "activity_lines": [ 38.110001, 38.976364, 39.836429, 39.930583 ] }, { "date": "2024-02-16", "close": 39.150002, "volume": 582000, "typical_volume": 1299700.0, "trend": 39.964946, "fair_value": 46.543893, "relative_strength": -23.907163, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.600415, "energy": 54.022486, "activity_lines": [ 38.396668, 38.894546, 39.739524, 39.867739 ] }, { "date": "2024-02-23", "close": 40.0, "volume": 1816000, "typical_volume": 1318100.0, "trend": 39.886667, "fair_value": 46.536004, "relative_strength": -22.476233, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.205421, "energy": 29.452421, "activity_lines": [ 38.943334, 39.009092, 39.720001, 39.87 ] }, { "date": "2024-03-01", "close": 41.200001, "volume": 2419000, "typical_volume": 1366450.0, "trend": 39.88, "fair_value": 46.4997, "relative_strength": -19.276129, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.297799, "energy": 9.628574, "activity_lines": [ 39.776668, 39.34091, 39.81881, 39.954732 ] }, { "date": "2024-03-08", "close": 39.400002, "volume": 2205000, "typical_volume": 1388450.0, "trend": 39.88, "fair_value": 46.406219, "relative_strength": -25.171961, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.309345, "energy": 10.63244, "activity_lines": [ 39.850001, 39.324547, 39.748334, 39.923764 ] }, { "date": "2024-03-15", "close": 40.200001, "volume": 1626000, "typical_volume": 1382100.0, "trend": 39.943334, "fair_value": 46.354262, "relative_strength": -22.239452, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.712526, "energy": 13.966621, "activity_lines": [ 40.090001, 39.504547, 39.750953, 39.944409 ] }, { "date": "2024-03-22", "close": 41.400002, "volume": 2895000, "typical_volume": 1485450.0, "trend": 40.063334, "fair_value": 46.266092, "relative_strength": -20.990735, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.700889, "energy": 20.14081, "activity_lines": [ 40.560001, 39.915456, 39.87262, 40.038388 ] }, { "date": "2024-03-29", "close": 41.599998, "volume": 943000, "typical_volume": 1481550.0, "trend": 40.176667, "fair_value": 46.207511, "relative_strength": -19.795641, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.456265, "energy": 29.814068, "activity_lines": [ 40.946667, 40.315455, 40.009048, 40.137527 ] }, { "date": "2024-04-05", "close": 40.599998, "volume": 766000, "typical_volume": 1455100.0, "trend": 40.236667, "fair_value": 46.137898, "relative_strength": -20.802338, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.718088, "energy": 26.287927, "activity_lines": [ 40.893333, 40.473637, 40.046429, 40.164839 ] }, { "date": "2024-04-12", "close": 39.5, "volume": 1503000, "typical_volume": 1456850.0, "trend": 40.221667, "fair_value": 46.060656, "relative_strength": -23.36553, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 3.602598, "energy": 10.772448, "activity_lines": [ 40.513333, 40.399091, 39.983334, 40.117312 ] }, { "date": "2024-04-19", "close": 38.900002, "volume": 1695000, "typical_volume": 1474850.0, "trend": 40.176667, "fair_value": 45.971481, "relative_strength": -18.949981, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -19.069872, "energy": 9.570391, "activity_lines": [ 39.926667, 40.186364, 39.873572, 40.032044 ] }, { "date": "2024-04-26", "close": 38.700001, "volume": 938000, "typical_volume": 1397450.0, "trend": 40.186667, "fair_value": 45.829607, "relative_strength": -20.785113, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.100338, "energy": 27.116695, "activity_lines": [ 39.36, 39.914546, 39.759524, 39.936775 ] }, { "date": "2024-05-03", "close": 38.700001, "volume": 415000, "typical_volume": 1357850.0, "trend": 40.115001, "fair_value": 45.735347, "relative_strength": -20.650668, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.06976, "energy": 36.955925, "activity_lines": [ 38.973334, 39.65091, 39.658572, 39.840861 ] }, { "date": "2024-05-10", "close": 38.099998, "volume": 607000, "typical_volume": 1335150.0, "trend": 39.996667, "fair_value": 45.608513, "relative_strength": -22.417818, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.456026, "energy": 52.434082, "activity_lines": [ 38.58, 39.301818, 39.506429, 39.710861 ] }, { "date": "2024-05-17", "close": 38.25, "volume": 993000, "typical_volume": 1211150.0, "trend": 39.98, "fair_value": 45.462891, "relative_strength": -23.253419, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.209907, "energy": 55.167455, "activity_lines": [ 38.403333, 39.036364, 39.377857, 39.598172 ] }, { "date": "2024-05-24", "close": 37.099998, "volume": 675000, "typical_volume": 1197450.0, "trend": 39.843334, "fair_value": 45.418822, "relative_strength": -25.699739, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.212683, "energy": 62.154378, "activity_lines": [ 37.926666, 38.582727, 39.158572, 39.412366 ] }, { "date": "2024-05-31", "close": 36.549999, "volume": 1068000, "typical_volume": 1180900.0, "trend": 39.711667, "fair_value": 45.356863, "relative_strength": -24.483493, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.165035, "energy": 67.454549, "activity_lines": [ 37.386666, 38.085454, 38.905, 39.199893 ] }, { "date": "2024-06-07", "close": 35.799999, "volume": 1069000, "typical_volume": 1195800.0, "trend": 39.545, "fair_value": 45.270946, "relative_strength": -27.653603, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.047198, "energy": 74.631771, "activity_lines": [ 36.739999, 37.539999, 38.590714, 38.947527 ] }, { "date": "2024-06-14", "close": 35.25, "volume": 830000, "typical_volume": 1204650.0, "trend": 39.336667, "fair_value": 45.175517, "relative_strength": -30.052673, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.180222, "energy": 80.608837, "activity_lines": [ 36.103333, 36.999999, 38.235952, 38.67043 ] }, { "date": "2024-06-21", "close": 37.200001, "volume": 1435000, "typical_volume": 1238000.0, "trend": 39.186667, "fair_value": 45.112339, "relative_strength": -27.690388, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.754933, "energy": 68.992204, "activity_lines": [ 36.306667, 36.911818, 38.083809, 38.532581 ] }, { "date": "2024-06-28", "close": 37.400002, "volume": 767000, "typical_volume": 1262350.0, "trend": 39.033334, "fair_value": 45.052239, "relative_strength": -25.735068, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.711072, "energy": 47.804462, "activity_lines": [ 36.646667, 36.901818, 37.954048, 38.417312 ] }, { "date": "2024-07-05", "close": 38.700001, "volume": 1593000, "typical_volume": 1312900.0, "trend": 38.941667, "fair_value": 44.988502, "relative_strength": -24.084759, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.769426, "energy": 23.502643, "activity_lines": [ 37.400001, 37.155455, 37.949286, 38.395807 ] }, { "date": "2024-07-12", "close": 39.599998, "volume": 2676000, "typical_volume": 1355900.0, "trend": 38.93, "fair_value": 44.915571, "relative_strength": -22.906345, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.066999, "energy": 18.089496, "activity_lines": [ 38.31, 37.572727, 38.032381, 38.43828 ] }, { "date": "2024-07-19", "close": 37.900002, "volume": 1304000, "typical_volume": 1300150.0, "trend": 38.858334, "fair_value": 44.768902, "relative_strength": -22.193512, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.859588, "energy": 22.478879, "activity_lines": [ 38.400001, 37.664546, 37.955476, 38.371828 ] }, { "date": "2024-07-26", "close": 38.400002, "volume": 780000, "typical_volume": 1228900.0, "trend": 38.731667, "fair_value": 44.629029, "relative_strength": -17.965893, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.529235, "energy": 21.432436, "activity_lines": [ 38.480001, 37.85091, 37.941905, 38.342258 ] }, { "date": "2024-08-02", "close": 36.0, "volume": 1006000, "typical_volume": 1197900.0, "trend": 38.568334, "fair_value": 44.489931, "relative_strength": -20.811529, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.195016, "energy": 19.905103, "activity_lines": [ 37.680001, 37.598182, 37.704524, 38.166022 ] }, { "date": "2024-08-09", "close": 32.0, "volume": 1937000, "typical_volume": 1150000.0, "trend": 38.341667, "fair_value": 44.329979, "relative_strength": -28.47793, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.959538, "energy": 64.969472, "activity_lines": [ 35.640001, 36.638182, 37.106191, 37.742258 ] }, { "date": "2024-08-16", "close": 30.9, "volume": 746000, "typical_volume": 1140150.0, "trend": 38.095, "fair_value": 44.145022, "relative_strength": -33.066757, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.761002, "energy": 84.435591, "activity_lines": [ 33.68, 35.56091, 36.447857, 37.262151 ] }, { "date": "2024-08-23", "close": 30.700001, "volume": 966000, "typical_volume": 1150150.0, "trend": 37.825, "fair_value": 44.021025, "relative_strength": -32.354102, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.944501, "energy": 89.995091, "activity_lines": [ 32.233334, 34.536364, 35.821429, 36.785054 ] }, { "date": "2024-08-30", "close": 31.15, "volume": 729000, "typical_volume": 1111450.0, "trend": 37.6, "fair_value": 43.914876, "relative_strength": -31.122191, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.634975, "energy": 88.808942, "activity_lines": [ 31.416667, 33.676364, 35.285, 36.354409 ] }, { "date": "2024-09-06", "close": 32.75, "volume": 3384000, "typical_volume": 1195900.0, "trend": 37.436667, "fair_value": 43.80402, "relative_strength": -24.18696, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.226035, "energy": 80.269073, "activity_lines": [ 31.616667, 33.217273, 34.940715, 36.041506 ] }, { "date": "2024-09-13", "close": 31.15, "volume": 943000, "typical_volume": 1196150.0, "trend": 37.17, "fair_value": 43.701462, "relative_strength": -28.330394, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.230064, "energy": 59.995388, "activity_lines": [ 31.5, 32.551818, 34.473334, 35.635914 ] }, { "date": "2024-09-20", "close": 31.200001, "volume": 451000, "typical_volume": 1197950.0, "trend": 36.876667, "fair_value": 43.593239, "relative_strength": -28.78732, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.498737, "energy": 54.783599, "activity_lines": [ 31.456667, 32.032728, 34.046667, 35.250753 ] }, { "date": "2024-09-27", "close": 33.700001, "volume": 1430000, "typical_volume": 1239100.0, "trend": 36.626667, "fair_value": 43.480693, "relative_strength": -24.678434, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.693607, "energy": 37.238156, "activity_lines": [ 32.226667, 32.12091, 33.89381, 35.045807 ] }, { "date": "2024-10-04", "close": 32.549999, "volume": 241000, "typical_volume": 1201500.0, "trend": 36.398333, "fair_value": 43.36257, "relative_strength": -24.804884, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.939974, "energy": 34.259119, "activity_lines": [ 32.413333, 32.076364, 33.652381, 34.782796 ] }, { "date": "2024-10-11", "close": 32.599998, "volume": 422000, "typical_volume": 1188850.0, "trend": 36.145, "fair_value": 43.267511, "relative_strength": -25.88176, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.995458, "energy": 28.345628, "activity_lines": [ 32.523333, 32.147273, 33.442857, 34.537742 ] }, { "date": "2024-10-18", "close": 33.299999, "volume": 914000, "typical_volume": 1181150.0, "trend": 35.875, "fair_value": 43.194594, "relative_strength": -25.477188, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.32203, "energy": 20.7175, "activity_lines": [ 32.876666, 32.407272, 33.321429, 34.354194 ] }, { "date": "2024-10-25", "close": 35.0, "volume": 1155000, "typical_volume": 1185450.0, "trend": 35.655, "fair_value": 43.157113, "relative_strength": -20.358115, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.664101, "energy": 15.630593, "activity_lines": [ 33.653333, 32.952727, 33.377381, 34.297742 ] }, { "date": "2024-11-01", "close": 34.950001, "volume": 1481000, "typical_volume": 1218000.0, "trend": 35.466667, "fair_value": 43.125895, "relative_strength": -17.714875, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.499065, "energy": 15.200425, "activity_lines": [ 34.16, 33.414545, 33.432381, 34.252258 ] }, { "date": "2024-11-08", "close": 34.200001, "volume": 833000, "typical_volume": 1187900.0, "trend": 35.29, "fair_value": 43.039896, "relative_strength": -21.319569, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.510246, "energy": 17.404141, "activity_lines": [ 34.333334, 33.662727, 33.417381, 34.170538 ] }, { "date": "2024-11-15", "close": 32.75, "volume": 934000, "typical_volume": 1196250.0, "trend": 35.085, "fair_value": 42.946995, "relative_strength": -21.170203, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.709309, "energy": 16.382495, "activity_lines": [ 33.913334, 33.591818, 33.278572, 34.006667 ] }, { "date": "2024-11-22", "close": 41.349998, "volume": 18220792, "typical_volume": 2027639.6, "trend": 35.173333, "fair_value": 42.921491, "relative_strength": -0.536482, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 44.498118, "energy": 48.318444, "activity_lines": [ 36.35, 35.084545, 33.980952, 34.41086 ] }, { "date": "2024-11-29", "close": 43.150002, "volume": 69494000, "typical_volume": 5368539.6, "trend": 35.321667, "fair_value": 42.885682, "relative_strength": 7.320283, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 48.728538, "energy": 66.340092, "activity_lines": [ 38.85, 36.719091, 34.842143, 34.925484 ] }, { "date": "2024-12-06", "close": 40.0, "volume": 51999000, "typical_volume": 7903289.6, "trend": 35.385, "fair_value": 42.839854, "relative_strength": -3.831109, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.22247, "energy": 66.047686, "activity_lines": [ 39.756667, 37.563636, 35.386429, 35.227312 ] }, { "date": "2024-12-13", "close": 38.049999, "volume": 13084000, "typical_volume": 8518489.6, "trend": 35.378333, "fair_value": 42.759382, "relative_strength": -7.22832, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 61.031332, "energy": 73.864638, "activity_lines": [ 39.676666, 37.939091, 35.735, 35.399247 ] }, { "date": "2024-12-20", "close": 36.299999, "volume": 8103000, "typical_volume": 8873339.6, "trend": 35.351667, "fair_value": 42.641957, "relative_strength": -8.836192, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.86513, "energy": 49.309312, "activity_lines": [ 38.756666, 37.896363, 35.918571, 35.45871 ] }, { "date": "2024-12-27", "close": 36.75, "volume": 5615000, "typical_volume": 9057239.6, "trend": 35.358333, "fair_value": 42.553151, "relative_strength": -9.983148, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.123759, "energy": 25.324412, "activity_lines": [ 37.75, 37.868182, 36.143571, 35.548925 ] }, { "date": "2025-01-03", "close": 33.299999, "volume": 3578000, "typical_volume": 9198839.6, "trend": 35.275, "fair_value": 42.44642, "relative_strength": -16.317361, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 15.523761, "energy": 16.848475, "activity_lines": [ 35.899999, 37.15, 36.017381, 35.416129 ] }, { "date": "2025-01-10", "close": 32.650002, "volume": 3004000, "typical_volume": 9300739.6, "trend": 35.188334, "fair_value": 42.336719, "relative_strength": -17.593213, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.593176, "energy": 20.981997, "activity_lines": [ 34.49, 36.344545, 35.817857, 35.246774 ] }, { "date": "2025-01-17", "close": 32.299999, "volume": 1482000, "typical_volume": 9338389.6, "trend": 35.025, "fair_value": 42.251407, "relative_strength": -18.25261, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.265907, "energy": 28.870421, "activity_lines": [ 33.453333, 35.517273, 35.575714, 35.06043 ] }, { "date": "2025-01-24", "close": 34.549999, "volume": 1829000, "typical_volume": 9260639.6, "trend": 34.93, "fair_value": 42.173037, "relative_strength": -13.288979, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.788886, "energy": 25.381452, "activity_lines": [ 33.55, 35.133636, 35.542381, 35.029785 ] }, { "date": "2025-02-07", "close": 38.0, "volume": 3503990, "typical_volume": 9388689.1, "trend": 34.906667, "fair_value": 42.123965, "relative_strength": -3.915213, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.565169, "energy": 16.743065, "activity_lines": [ 34.913333, 35.344545, 35.829047, 35.227849 ] }, { "date": "2025-02-14", "close": 40.299999, "volume": 6011821, "typical_volume": 9666730.15, "trend": 34.93, "fair_value": 42.097416, "relative_strength": 3.736346, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.175161, "energy": 26.129254, "activity_lines": [ 36.959999, 36.034545, 36.302143, 35.575806 ] }, { "date": "2025-02-21", "close": 38.599998, "volume": 3216363, "typical_volume": 9756048.3, "trend": 34.953333, "fair_value": 42.048599, "relative_strength": -2.524921, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 42.792358, "energy": 32.439067, "activity_lines": [ 37.973332, 36.467272, 36.57, 35.81258 ] }, { "date": "2025-02-28", "close": 39.0, "volume": 2504589, "typical_volume": 9869227.75, "trend": 34.973333, "fair_value": 42.003243, "relative_strength": 1.877686, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.648455, "energy": 55.171724, "activity_lines": [ 38.723333, 36.998181, 36.852619, 36.073656 ] }, { "date": "2025-03-07", "close": 39.950001, "volume": 2997537, "typical_volume": 9998004.6, "trend": 35.105, "fair_value": 41.976247, "relative_strength": 7.068441, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.169793, "energy": 68.255839, "activity_lines": [ 39.343333, 37.684545, 37.195, 36.394731 ] }, { "date": "2025-03-14", "close": 38.549999, "volume": 3232375, "typical_volume": 10113923.35, "trend": 35.323333, "fair_value": 41.929204, "relative_strength": 6.468934, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.391489, "energy": 59.122955, "activity_lines": [ 39.136666, 38.05, 37.369047, 36.616989 ] }, { "date": "2025-03-21", "close": 40.75, "volume": 4172857, "typical_volume": 10264816.2, "trend": 35.651667, "fair_value": 41.893271, "relative_strength": 11.593758, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.103237, "energy": 61.72192, "activity_lines": [ 39.626666, 38.782727, 37.727619, 36.967096 ] }, { "date": "2025-03-28", "close": 43.599998, "volume": 20570039, "typical_volume": 11219268.15, "trend": 36.081666, "fair_value": 41.860345, "relative_strength": 22.78972, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.583616, "energy": 67.579151, "activity_lines": [ 41.036666, 39.898181, 38.330238, 37.479892 ] }, { "date": "2025-04-04", "close": 40.650002, "volume": 5872667, "typical_volume": 11471251.5, "trend": 36.398333, "fair_value": 41.807313, "relative_strength": 16.311531, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.046629, "energy": 46.736503, "activity_lines": [ 41.13, 40.278182, 38.610714, 37.774623 ] }, { "date": "2025-04-11", "close": 35.099998, "volume": 6813741, "typical_volume": 11765238.55, "trend": 36.476666, "fair_value": 41.721097, "relative_strength": 9.787153, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 23.745847, "energy": 20.473944, "activity_lines": [ 39.263333, 39.497272, 38.331904, 37.69086 ] }, { "date": "2025-04-18", "close": 38.799999, "volume": 3983048, "typical_volume": 11053351.35, "trend": 36.731666, "fair_value": 41.6586, "relative_strength": 22.059847, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.792776, "energy": 18.954242, "activity_lines": [ 38.953333, 39.37909, 38.394285, 37.840752 ] }, { "date": "2025-04-25", "close": 35.0, "volume": 2574243, "typical_volume": 7707363.5, "trend": 36.858333, "fair_value": 41.590297, "relative_strength": 7.750733, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.896035, "energy": 15.236009, "activity_lines": [ 37.359999, 38.555454, 38.106904, 37.729032 ] }, { "date": "2025-05-02", "close": 37.799999, "volume": 3408006, "typical_volume": 5277813.8, "trend": 36.995, "fair_value": 41.514207, "relative_strength": 11.386685, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.961812, "energy": 21.055441, "activity_lines": [ 37.083333, 38.337272, 38.124999, 37.789785 ] }, { "date": "2025-05-09", "close": 35.400002, "volume": 2446174, "typical_volume": 4745922.5, "trend": 37.09, "fair_value": 41.425127, "relative_strength": 3.937461, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.241238, "energy": 19.403351, "activity_lines": [ 36.393333, 37.697273, 37.925, 37.686881 ] }, { "date": "2025-05-16", "close": 36.349998, "volume": 1703034, "typical_volume": 4425924.2, "trend": 37.215, "fair_value": 41.346924, "relative_strength": 2.401881, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.511341, "energy": 18.651703, "activity_lines": [ 36.37, 37.295454, 37.828095, 37.639139 ] }, { "date": "2025-05-23", "close": 35.700001, "volume": 1457967, "typical_volume": 4218072.55, "trend": 37.295, "fair_value": 41.288195, "relative_strength": 1.64103, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.291898, "energy": 21.668865, "activity_lines": [ 36.046667, 36.840909, 37.669047, 37.541398 ] }, { "date": "2025-05-30", "close": 35.150002, "volume": 1195222, "typical_volume": 4098933.65, "trend": 37.3, "fair_value": 41.211876, "relative_strength": 1.59353, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.767777, "energy": 25.37869, "activity_lines": [ 35.746667, 36.338182, 37.462619, 37.403011 ] }, { "date": "2025-06-06", "close": 33.5, "volume": 1302312, "typical_volume": 4013849.25, "trend": 37.251666, "fair_value": 41.128571, "relative_strength": -4.37243, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -63.944832, "energy": 45.762234, "activity_lines": [ 34.886667, 35.637273, 37.090238, 37.157849 ] }, { "date": "2025-06-13", "close": 30.549999, "volume": 4285986, "typical_volume": 4154048.55, "trend": 37.13, "fair_value": 41.021567, "relative_strength": -14.163244, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.981955, "energy": 65.378807, "activity_lines": [ 33.33, 34.583636, 36.432857, 36.725484 ] }, { "date": "2025-06-20", "close": 31.0, "volume": 2106366, "typical_volume": 4167916.85, "trend": 37.071666, "fair_value": 40.921638, "relative_strength": -12.624456, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.321621, "energy": 69.785789, "activity_lines": [ 32.246667, 33.795455, 35.826667, 36.33 ] }, { "date": "2025-06-27", "close": 31.65, "volume": 1544196, "typical_volume": 4069927.15, "trend": 36.748333, "fair_value": 40.838444, "relative_strength": -12.696764, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.402999, "energy": 71.647413, "activity_lines": [ 31.736667, 33.2, 35.299286, 35.980215 ] }, { "date": "2025-07-04", "close": 30.75, "volume": 852055, "typical_volume": 3811938.85, "trend": 36.335, "fair_value": 40.763246, "relative_strength": -14.791375, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.277745, "energy": 75.42896, "activity_lines": [ 31.196667, 32.570909, 34.716429, 35.593226 ] }, { "date": "2025-07-11", "close": 29.9, "volume": 1097641, "typical_volume": 3706002.75, "trend": 35.998333, "fair_value": 40.706239, "relative_strength": -17.562428, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.801881, "energy": 80.353258, "activity_lines": [ 30.666667, 31.864546, 34.098095, 35.178064 ] }, { "date": "2025-07-18", "close": 30.799999, "volume": 840135, "typical_volume": 3622780.05, "trend": 35.756666, "fair_value": 40.658294, "relative_strength": -17.037793, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.826898, "energy": 74.697781, "activity_lines": [ 30.676666, 31.465454, 33.606905, 34.842688 ] }, { "date": "2025-07-25", "close": 30.1, "volume": 736067, "typical_volume": 3509706.55, "trend": 35.55, "fair_value": 40.634589, "relative_strength": -18.493982, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.925276, "energy": 77.067859, "activity_lines": [ 30.436666, 31.022727, 33.088095, 34.477742 ] }, { "date": "2025-08-01", "close": 31.6, "volume": 714648, "typical_volume": 3383820.2, "trend": 35.378333, "fair_value": 40.605537, "relative_strength": -14.283591, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.276888, "energy": 63.173385, "activity_lines": [ 30.756666, 30.966363, 32.759048, 34.222903 ] }, { "date": "2025-08-08", "close": 32.099998, "volume": 1230311, "typical_volume": 3236692.9, "trend": 35.338333, "fair_value": 40.571311, "relative_strength": -14.713296, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.94287, "energy": 42.242423, "activity_lines": [ 31.246666, 31.075454, 32.510714, 34.011398 ] }, { "date": "2025-08-15", "close": 32.299999, "volume": 1288181, "typical_volume": 2272600.0, "trend": 35.326666, "fair_value": 40.542856, "relative_strength": -15.116506, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.209445, "energy": 34.598096, "activity_lines": [ 31.713332, 31.276363, 32.322619, 33.815376 ] }, { "date": "2025-08-22", "close": 32.5, "volume": 1647831, "typical_volume": 2061358.2, "trend": 35.333333, "fair_value": 40.5262, "relative_strength": -12.526164, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.002074, "energy": 25.711231, "activity_lines": [ 32.086666, 31.535454, 32.207381, 33.63301 ] }, { "date": "2025-08-29", "close": 31.5, "volume": 1061344, "typical_volume": 1773738.35, "trend": 35.231666, "fair_value": 40.486229, "relative_strength": -16.769558, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.714718, "energy": 24.580504, "activity_lines": [ 32.013333, 31.577272, 32.035714, 33.385699 ] }, { "date": "2025-09-05", "close": 30.85, "volume": 1190351, "typical_volume": 1634103.5, "trend": 34.993333, "fair_value": 40.445472, "relative_strength": -19.218505, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.072838, "energy": 29.442222, "activity_lines": [ 31.63, 31.491818, 31.819285, 33.10301 ] }, { "date": "2025-09-12", "close": 30.65, "volume": 889847, "typical_volume": 1549883.7, "trend": 34.671666, "fair_value": 40.405278, "relative_strength": -22.519573, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.471119, "energy": 41.879144, "activity_lines": [ 31.23, 31.384545, 31.621666, 32.822795 ] }, { "date": "2025-09-19", "close": 28.299999, "volume": 1787825, "typical_volume": 1468874.65, "trend": 34.328333, "fair_value": 40.352478, "relative_strength": -28.462222, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.108525, "energy": 71.29383, "activity_lines": [ 30.143333, 30.851818, 31.220952, 32.41172 ] }, { "date": "2025-09-26", "close": 27.700001, "volume": 1453801, "typical_volume": 1419256.0, "trend": 33.951666, "fair_value": 40.276161, "relative_strength": -29.700069, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.54405, "energy": 88.164662, "activity_lines": [ 29.123333, 30.239091, 30.808333, 31.984086 ] }, { "date": "2025-10-03", "close": 28.0, "volume": 489568, "typical_volume": 1358582.7, "trend": 33.553333, "fair_value": 40.218671, "relative_strength": -31.707159, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.636797, "energy": 88.250251, "activity_lines": [ 28.523333, 29.737273, 30.460952, 31.600107 ] }, { "date": "2025-10-10", "close": 27.299999, "volume": 1160112, "typical_volume": 1343689.95, "trend": 33.178333, "fair_value": 40.158539, "relative_strength": -34.354912, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.339445, "energy": 89.943345, "activity_lines": [ 27.923333, 29.146363, 30.086666, 31.196666 ] }, { "date": "2025-10-17", "close": 28.75, "volume": 2380455, "typical_volume": 1402951.6, "trend": 32.778333, "fair_value": 40.104014, "relative_strength": -30.544561, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.975625, "energy": 73.390186, "activity_lines": [ 28.043333, 28.897273, 29.890476, 30.910968 ] }, { "date": "2025-10-24", "close": 26.950001, "volume": 645427, "typical_volume": 1370107.35, "trend": 32.223333, "fair_value": 40.05424, "relative_strength": -35.075232, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.721145, "energy": 61.974496, "activity_lines": [ 27.69, 28.381818, 29.553333, 30.534946 ] }, { "date": "2025-10-31", "close": 27.0, "volume": 1856560, "typical_volume": 1248636.05, "trend": 31.768333, "fair_value": 40.004171, "relative_strength": -36.127829, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.540937, "energy": 59.596422, "activity_lines": [ 27.443333, 27.972727, 29.252143, 30.197957 ] }, { "date": "2025-11-07", "close": 25.15, "volume": 1035138, "typical_volume": 1195074.65, "trend": 31.436667, "fair_value": 39.942244, "relative_strength": -38.760766, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.391494, "energy": 64.990172, "activity_lines": [ 26.626667, 27.327273, 28.791667, 29.770968 ] }, { "date": "2025-11-14", "close": 24.9, "volume": 1703286, "typical_volume": 1203029.15, "trend": 30.973333, "fair_value": 39.86181, "relative_strength": -38.374208, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.298081, "energy": 71.505735, "activity_lines": [ 25.916667, 26.751818, 28.335238, 29.349247 ] }, { "date": "2025-11-21", "close": 22.15, "volume": 1669580, "typical_volume": 1243905.4, "trend": 30.545, "fair_value": 39.749608, "relative_strength": -42.734534, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.289836, "energy": 91.851875, "activity_lines": [ 24.45, 25.784546, 27.649048, 28.78 ] }, { "date": "2025-11-28", "close": 23.6, "volume": 907027, "typical_volume": 1234374.7, "trend": 30.071667, "fair_value": 39.629797, "relative_strength": -40.878321, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.840531, "energy": 86.653786, "activity_lines": [ 23.906667, 25.235455, 27.141905, 28.331935 ] }, { "date": "2025-12-05", "close": 25.200001, "volume": 964105, "typical_volume": 1240573.2, "trend": 29.731667, "fair_value": 39.53438, "relative_strength": -36.796841, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.649058, "energy": 72.425643, "activity_lines": [ 24.12, 25.062727, 26.817143, 28.017634 ] }, { "date": "2025-12-12", "close": 26.6, "volume": 756785, "typical_volume": 1241609.1, "trend": 29.406667, "fair_value": 39.416587, "relative_strength": -33.093786, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.347365, "energy": 52.552359, "activity_lines": [ 24.92, 25.19, 26.652381, 27.815591 ] }, { "date": "2025-12-19", "close": 25.9, "volume": 434237, "typical_volume": 1227588.55, "trend": 29.08, "fair_value": 39.294922, "relative_strength": -33.018763, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.191951, "energy": 34.845541, "activity_lines": [ 25.39, 25.215455, 26.437619, 27.589355 ] }, { "date": "2025-12-26", "close": 25.25, "volume": 148013, "typical_volume": 1173473.65, "trend": 28.75, "fair_value": 39.145115, "relative_strength": -36.023736, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.907065, "energy": 26.2248, "activity_lines": [ 25.576667, 25.148182, 26.188095, 27.342258 ] }, { "date": "2026-01-02", "close": 24.4, "volume": 379289, "typical_volume": 1128029.05, "trend": 28.446667, "fair_value": 39.002155, "relative_strength": -39.217212, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.76587, "energy": 29.922751, "activity_lines": [ 25.273333, 24.99, 25.890238, 27.061613 ] }, { "date": "2026-01-09", "close": 24.0, "volume": 861628, "typical_volume": 1088718.9, "trend": 28.228333, "fair_value": 38.856937, "relative_strength": -41.523732, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.471353, "energy": 41.428041, "activity_lines": [ 24.783333, 24.805455, 25.591905, 26.774731 ] }, { "date": "2026-01-16", "close": 30.85, "volume": 3728114, "typical_volume": 1222057.4, "trend": 28.223333, "fair_value": 38.704301, "relative_strength": -27.061382, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -1.606399, "energy": 7.624096, "activity_lines": [ 26.656667, 25.920909, 25.986429, 26.943871 ] }, { "date": "2026-01-23", "close": 30.549999, "volume": 3754114, "typical_volume": 1350245.55, "trend": 28.186667, "fair_value": 38.571871, "relative_strength": -28.571624, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": 15.209319, "energy": 25.317227, "activity_lines": [ 28.146666, 26.878182, 26.355476, 27.093978 ] }, { "date": "2026-01-30", "close": 28.9, "volume": 1515750, "typical_volume": 1381540.7, "trend": 28.125, "fair_value": 38.425176, "relative_strength": -32.091287, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.484321, "energy": 32.783444, "activity_lines": [ 28.776666, 27.432727, 26.56881, 27.14 ] }, { "date": "2026-02-06", "close": 28.5, "volume": 986365, "typical_volume": 1341467.7, "trend": 28.078333, "fair_value": 38.253787, "relative_strength": -31.725435, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.541701, "energy": 36.324674, "activity_lines": [ 29.03, 27.791818, 26.752381, 27.164194 ] }, { "date": "2026-02-13", "close": 27.5, "volume": 349339, "typical_volume": 1286244.6, "trend": 27.968333, "fair_value": 38.061234, "relative_strength": -36.841411, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.313142, "energy": 40.293857, "activity_lines": [ 28.676667, 27.88, 26.839762, 27.126882 ] }, { "date": "2026-02-27", "close": 28.200001, "volume": 449963, "typical_volume": 1284264.35, "trend": 27.905, "fair_value": 37.851653, "relative_strength": -37.77476, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 15.571673, "energy": 17.88038, "activity_lines": [ 28.323334, 28.053636, 26.994762, 27.141828 ] }, { "date": "2026-03-06", "close": 27.200001, "volume": 643212, "typical_volume": 1258419.35, "trend": 27.758333, "fair_value": 37.642424, "relative_strength": -35.889341, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 0.082023, "energy": 4.0361, "activity_lines": [ 27.813334, 28.016364, 27.053572, 27.096344 ] }, { "date": "2026-03-13", "close": 25.9, "volume": 571622, "typical_volume": 1167977.7, "trend": 27.551667, "fair_value": 37.402117, "relative_strength": -37.645268, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.764795, "energy": 13.088278, "activity_lines": [ 27.093334, 27.719091, 26.989048, 26.976452 ] }, { "date": "2026-03-20", "close": 26.4, "volume": 569323, "typical_volume": 1164172.5, "trend": 27.355, "fair_value": 37.19698, "relative_strength": -35.752001, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.649889, "energy": 13.824568, "activity_lines": [ 26.74, 27.500909, 26.985714, 26.902151 ] }, { "date": "2026-03-27", "close": 25.5, "volume": 359486, "typical_volume": 1089318.8, "trend": 27.121667, "fair_value": 36.979313, "relative_strength": -36.065308, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -36.703923, "energy": 27.48913, "activity_lines": [ 26.226667, 27.082727, 26.899286, 26.782473 ] }, { "date": "2026-04-03", "close": 24.049999, "volume": 353623, "typical_volume": 1055243.05, "trend": 26.873333, "fair_value": 36.732679, "relative_strength": -37.422113, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -58.013585, "energy": 45.988227, "activity_lines": [ 25.363333, 26.373636, 26.681905, 26.584301 ] }, { "date": "2026-04-10", "close": 23.35, "volume": 476725, "typical_volume": 993915.0, "trend": 26.623333, "fair_value": 36.490779, "relative_strength": -42.963145, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.902216, "energy": 60.404899, "activity_lines": [ 24.543333, 25.660909, 26.403095, 26.356989 ] }, { "date": "2026-04-17", "close": 24.0, "volume": 702230, "typical_volume": 945547.5, "trend": 26.401667, "fair_value": 36.256734, "relative_strength": -42.488094, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.005977, "energy": 60.594691, "activity_lines": [ 24.196666, 25.197273, 26.193571, 26.187742 ] }, { "date": "2026-04-24", "close": 23.049999, "volume": 803707, "typical_volume": 940381.5, "trend": 26.226667, "fair_value": 36.023975, "relative_strength": -46.505907, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.154391, "energy": 75.579825, "activity_lines": [ 23.66, 24.65, 25.884762, 25.971505 ] }, { "date": "2026-05-01", "close": 22.950001, "volume": 396019, "typical_volume": 911977.2, "trend": 26.068333, "fair_value": 35.82746, "relative_strength": -45.62308, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.847191, "energy": 75.612453, "activity_lines": [ 23.313333, 24.183636, 25.569048, 25.760108 ] }, { "date": "2026-05-08", "close": 23.700001, "volume": 1489500, "typical_volume": 948612.95, "trend": 25.925, "fair_value": 35.632678, "relative_strength": -46.269651, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.07172, "energy": 65.921243, "activity_lines": [ 23.386667, 23.936364, 25.335476, 25.607312 ] }, { "date": "2026-05-15", "close": 22.9, "volume": 1607724, "typical_volume": 1007287.3, "trend": 25.778333, "fair_value": 35.437071, "relative_strength": -46.435048, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.045337, "energy": 64.368277, "activity_lines": [ 23.216667, 23.625455, 25.039524, 25.412151 ] }, { "date": "2026-05-22", "close": 23.700001, "volume": 832280, "typical_volume": 1041500.65, "trend": 25.61, "fair_value": 35.263805, "relative_strength": -44.874221, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.003062, "energy": 42.950522, "activity_lines": [ 23.343334, 23.538182, 24.834048, 25.278065 ] }, { "date": "2026-05-29", "close": 23.65, "volume": 1227134, "typical_volume": 1083892.9, "trend": 25.5, "fair_value": 35.083456, "relative_strength": -46.897202, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.120148, "energy": 36.489417, "activity_lines": [ 23.473334, 23.481818, 24.631191, 25.151613 ] }, { "date": "2026-06-05", "close": 24.75, "volume": 2575554, "typical_volume": 1169589.2, "trend": 25.425, "fair_value": 34.900323, "relative_strength": -43.64955, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.745484, "energy": 25.92946, "activity_lines": [ 23.93, 23.675455, 24.536667, 25.103226 ] }, { "date": "2026-06-12", "close": 22.950001, "volume": 1034076, "typical_volume": 1034887.3, "trend": 25.351667, "fair_value": 34.697692, "relative_strength": -45.577854, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.904775, "energy": 28.165368, "activity_lines": [ 23.666667, 23.555455, 24.267143, 24.943549 ] }, { "date": "2026-06-19", "close": 21.549999, "volume": 2492949, "typical_volume": 971829.05, "trend": 25.24, "fair_value": 34.535013, "relative_strength": -50.505606, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.870204, "energy": 42.967302, "activity_lines": [ 22.986667, 23.200909, 23.901905, 24.69828 ] }, { "date": "2026-06-26", "close": 20.200001, "volume": 1078894, "typical_volume": 949986.25, "trend": 25.175, "fair_value": 34.349476, "relative_strength": -50.670585, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.574556, "energy": 68.39253, "activity_lines": [ 21.946667, 22.633637, 23.450953, 24.373118 ] }, { "date": "2026-07-03", "close": 21.4, "volume": 797192, "typical_volume": 940527.6, "trend": 25.101667, "fair_value": 34.155848, "relative_strength": -49.20374, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.322702, "energy": 72.186893, "activity_lines": [ 21.54, 22.353637, 23.155714, 24.12957 ] }, { "date": "2026-07-10", "close": 20.5, "volume": 400101, "typical_volume": 943065.7, "trend": 24.945, "fair_value": 33.96529, "relative_strength": -48.813467, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.312145, "energy": 78.421922, "activity_lines": [ 20.983333, 21.94, 22.808572, 23.832688 ] }, { "date": "2026-07-17", "close": 20.1, "volume": 759136, "typical_volume": 958524.35, "trend": 24.728333, "fair_value": 33.793947, "relative_strength": -45.658349, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.39765, "energy": 77.604873, "activity_lines": [ 20.576667, 21.498182, 22.456667, 23.520108 ] }, { "date": "2026-07-24", "close": 20.5, "volume": 614269, "typical_volume": 957077.2, "trend": 24.548333, "fair_value": 33.64758, "relative_strength": -44.787403, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.371729, "energy": 60.661961, "activity_lines": [ 20.493333, 21.194546, 22.181429, 23.247312 ] }, { "date": "2026-07-31", "close": 19.25, "volume": 536041, "typical_volume": 955298.15, "trend": 24.348333, "fair_value": 33.489413, "relative_strength": -46.492132, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.408541, "energy": 58.285447, "activity_lines": [ 20.063333, 20.707273, 21.819048, 22.905484 ] }, { "date": "2026-08-07", "close": 19.5, "volume": 291214, "typical_volume": 941392.7, "trend": 24.185, "fair_value": 33.342949, "relative_strength": -46.023849, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.579686, "energy": 55.496312, "activity_lines": [ 19.78, 20.346364, 21.512143, 22.592688 ] }, { "date": "2026-08-14", "close": 19.700001, "volume": 478093, "typical_volume": 947323.05, "trend": 24.041667, "fair_value": 33.203846, "relative_strength": -46.209361, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.005366, "energy": 52.260505, "activity_lines": [ 19.69, 20.097273, 21.257143, 22.303334 ] } ], "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." } } }