{ "ticker": { "uuid": "38768f8e-a0ac-4e99-8cad-90065227af73", "symbol": "2908", "name": "Test-Rite International Co., Ltd.", "exchange": "TAI", "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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 81.691, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 62.633, "architecture_energy": 47.722, "architecture_maturity": 63.001, "architecture_confidence": 60.577, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 8.57, "rotation_up": 52.2, "upward_expansion": 80.51, "deceleration": 68.04, "rotation_down": 24.57, "downward_expansion": 7.18 }, "activity_lines": [ 21.78, 21.684662, 21.278874, 20.91068 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 21.85, "trend_reference": 20.492054, "distance_from_trend": 0.066267, "trend_direction": "Improving", "fair_value": 19.302781, "distance_from_fair_value": 0.131961, "fair_value_direction": "Improving", "relative_strength": -22.688223, "relative_strength_direction": "Improving", "price_momentum": 0.104612, "excess_performance": -0.33676, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.066267, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.02828, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.131961, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.067367, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.226882, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.081761, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.104612, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.835719, "read": "Demand-led" } ], "volume": { "latest": 749612, "relative_activity": 0.708292, "balance": 2.835719, "dry_up": 0.875692, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.030236, "annualized_volatility": 0.10192, "from_high_reference": -0.033186, "from_low_reference": 0.141152 }, "levels": { "trend_reference": 20.492054, "fair_value_reference": 19.302781, "structural_low": 19.293488, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 28, "median_return": -0.001232, "positive_rate": 0.464286, "directional_follow_through": 0.464286, "median_excess_return": -0.017969, "regime_survival": 0.678571, "best_return": 0.05523, "worst_return": -0.069633, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": -0.004831, "positive_rate": 0.454545, "directional_follow_through": 0.454545, "median_excess_return": -0.053265, "regime_survival": 0.545455, "best_return": 0.07196, "worst_return": -0.079304, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.009662, "positive_rate": 0.571429, "directional_follow_through": 0.571429, "median_excess_return": -0.192802, "regime_survival": 0.428571, "best_return": 0.056235, "worst_return": -0.16441, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.001137, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.10925, "regime_survival": 0.75, "best_return": 0.040331, "worst_return": -0.106042, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-20", "end": "2024-12-06", "tenure": "Developing", "return": -0.019512, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-13", "end": "2025-02-28", "tenure": "Developing", "return": 0.024814, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-03-07", "end": "2025-04-11", "tenure": "Developing", "return": -0.050847, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-05-02", "tenure": "New", "return": 0.050505, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-09", "end": "2025-05-23", "tenure": "New", "return": 0.014458, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-30", "end": "2025-07-04", "tenure": "Developing", "return": -0.003075, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-07-11", "end": "2025-08-08", "tenure": "Developing", "return": 0.040921, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-15", "end": "2026-01-23", "tenure": "Established", "return": 0.025253, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-30", "end": "2026-02-13", "tenure": "New", "return": 0.02963, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-27", "end": "2026-03-06", "tenure": "New", "return": -0.02657, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-13", "end": "2026-04-03", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-10", "end": "2026-04-17", "tenure": "New", "return": 0.015, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-05-08", "tenure": "New", "return": 0.019512, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-15", "end": "2026-08-14", "tenure": "Established", "return": 0.078059, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 18.330627, "volume": 1847566, "typical_volume": 1408050.05, "trend": 17.788221, "fair_value": 18.517732, "relative_strength": -4.622415, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.699157, "energy": 27.501512, "activity_lines": [ 18.288278, 18.304607, 18.182421, 18.035949 ] }, { "date": "2023-08-18", "close": 18.194504, "volume": 1538193, "typical_volume": 1431454.95, "trend": 17.831774, "fair_value": 18.526497, "relative_strength": -3.90909, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.315577, "energy": 22.664719, "activity_lines": [ 18.255004, 18.285253, 18.195706, 18.062161 ] }, { "date": "2023-08-25", "close": 18.28525, "volume": 1209495, "typical_volume": 1467111.85, "trend": 17.876931, "fair_value": 18.538567, "relative_strength": -3.897233, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.324821, "energy": 22.797606, "activity_lines": [ 18.261052, 18.281127, 18.216083, 18.091418 ] }, { "date": "2023-09-01", "close": 18.28525, "volume": 1343316, "typical_volume": 1479832.35, "trend": 17.917824, "fair_value": 18.546925, "relative_strength": -4.687814, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.614729, "energy": 23.322912, "activity_lines": [ 18.270126, 18.277002, 18.234477, 18.117761 ] }, { "date": "2023-09-08", "close": 18.23988, "volume": 1200383, "typical_volume": 1484921.55, "trend": 17.958625, "fair_value": 18.554992, "relative_strength": -4.318348, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.461225, "energy": 19.138627, "activity_lines": [ 18.261052, 18.266278, 18.246161, 18.138539 ] }, { "date": "2023-09-15", "close": 18.23988, "volume": 1223829, "typical_volume": 1483342.6, "trend": 17.998005, "fair_value": 18.559843, "relative_strength": -6.014109, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.926465, "energy": 19.375108, "activity_lines": [ 18.251978, 18.260503, 18.255061, 18.156684 ] }, { "date": "2023-09-22", "close": 18.194504, "volume": 1125404, "typical_volume": 1493939.65, "trend": 18.031608, "fair_value": 18.563908, "relative_strength": -2.755723, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.195729, "energy": 12.500917, "activity_lines": [ 18.233829, 18.246478, 18.256858, 18.169361 ] }, { "date": "2023-09-29", "close": 18.330627, "volume": 889906, "typical_volume": 1465298.1, "trend": 18.055533, "fair_value": 18.565877, "relative_strength": -1.839973, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.045863, "energy": 19.093588, "activity_lines": [ 18.261053, 18.259678, 18.269052, 18.188653 ] }, { "date": "2023-10-06", "close": 18.149134, "volume": 1342149, "typical_volume": 1466725.6, "trend": 18.083358, "fair_value": 18.565694, "relative_strength": -3.415166, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.956442, "energy": 8.054758, "activity_lines": [ 18.224755, 18.239879, 18.259934, 18.194692 ] }, { "date": "2023-10-13", "close": 18.28525, "volume": 655339, "typical_volume": 1353865.05, "trend": 18.105771, "fair_value": 18.567867, "relative_strength": -3.866292, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.191307, "energy": 11.624498, "activity_lines": [ 18.242904, 18.246478, 18.263054, 18.207717 ] }, { "date": "2023-10-20", "close": 18.23988, "volume": 1187082, "typical_volume": 1339669.4, "trend": 18.118141, "fair_value": 18.566285, "relative_strength": -1.718274, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.790528, "energy": 11.223063, "activity_lines": [ 18.242904, 18.244004, 18.260072, 18.216369 ] }, { "date": "2023-10-27", "close": 18.28525, "volume": 1137656, "typical_volume": 1329429.25, "trend": 18.132024, "fair_value": 18.562274, "relative_strength": 0.734227, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.805031, "energy": 14.03787, "activity_lines": [ 18.258028, 18.251428, 18.261269, 18.227151 ] }, { "date": "2023-11-03", "close": 18.28525, "volume": 1268963, "typical_volume": 1197784.1, "trend": 18.145907, "fair_value": 18.556777, "relative_strength": -1.142996, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.411826, "energy": 18.157743, "activity_lines": [ 18.267102, 18.257203, 18.261701, 18.237036 ] }, { "date": "2023-11-10", "close": 18.648233, "volume": 1516921, "typical_volume": 1231595.15, "trend": 18.174733, "fair_value": 18.54767, "relative_strength": 0.102283, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 70.727466, "energy": 50.162397, "activity_lines": [ 18.400195, 18.328974, 18.296703, 18.269444 ] }, { "date": "2023-11-17", "close": 18.784355, "volume": 1667550, "typical_volume": 1267121.75, "trend": 18.21236, "fair_value": 18.543642, "relative_strength": -2.00677, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.6975, "energy": 68.643884, "activity_lines": [ 18.545389, 18.418895, 18.343372, 18.308775 ] }, { "date": "2023-11-24", "close": 18.875097, "volume": 1495038, "typical_volume": 1281609.8, "trend": 18.253012, "fair_value": 18.534257, "relative_strength": -1.84264, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.098344, "energy": 75.842423, "activity_lines": [ 18.687557, 18.515415, 18.397387, 18.351532 ] }, { "date": "2023-12-01", "close": 18.693609, "volume": 1152694, "typical_volume": 1285509.25, "trend": 18.287615, "fair_value": 18.518514, "relative_strength": -3.495345, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.335765, "energy": 72.207042, "activity_lines": [ 18.726881, 18.567388, 18.431093, 18.379957 ] }, { "date": "2023-12-08", "close": 18.875097, "volume": 1235778, "typical_volume": 1286502.65, "trend": 18.333953, "fair_value": 18.506903, "relative_strength": -2.157965, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.889903, "energy": 71.84853, "activity_lines": [ 18.799477, 18.643284, 18.480355, 18.41786 ] }, { "date": "2023-12-15", "close": 19.011219, "volume": 1238997, "typical_volume": 1295389.9, "trend": 18.367771, "fair_value": 18.496659, "relative_strength": -2.93169, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.751698, "energy": 68.913658, "activity_lines": [ 18.878124, 18.73403, 18.539988, 18.461554 ] }, { "date": "2023-12-22", "close": 18.738979, "volume": 1278070, "typical_volume": 1277716.45, "trend": 18.395357, "fair_value": 18.48566, "relative_strength": -3.733992, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.055983, "energy": 44.126949, "activity_lines": [ 18.841825, 18.759604, 18.57002, 18.485503 ] }, { "date": "2023-12-29", "close": 19.056589, "volume": 1242895, "typical_volume": 1247482.9, "trend": 18.423579, "fair_value": 18.475707, "relative_strength": -3.730177, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.920065, "energy": 48.525185, "activity_lines": [ 18.914421, 18.834675, 18.627924, 18.528163 ] }, { "date": "2024-01-05", "close": 18.875097, "volume": 936275, "typical_volume": 1217387.0, "trend": 18.448594, "fair_value": 18.465333, "relative_strength": -2.222311, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.605856, "energy": 41.025536, "activity_lines": [ 18.914421, 18.861899, 18.665087, 18.557293 ] }, { "date": "2024-01-12", "close": 18.829725, "volume": 1164638, "typical_volume": 1215144.15, "trend": 18.466743, "fair_value": 18.454916, "relative_strength": -2.267241, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.696423, "energy": 34.530524, "activity_lines": [ 18.887197, 18.870148, 18.694687, 18.581882 ] }, { "date": "2024-01-19", "close": 18.602863, "volume": 1210124, "typical_volume": 1208484.55, "trend": 18.474305, "fair_value": 18.442054, "relative_strength": -4.22007, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.979373, "energy": 23.954655, "activity_lines": [ 18.787378, 18.827251, 18.700089, 18.590664 ] }, { "date": "2024-01-26", "close": 18.602863, "volume": 1101604, "typical_volume": 1203545.6, "trend": 18.47733, "fair_value": 18.429688, "relative_strength": -5.723709, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 31.77691, "energy": 17.273027, "activity_lines": [ 18.714782, 18.785178, 18.703978, 18.598958 ] }, { "date": "2024-02-02", "close": 18.557489, "volume": 1156098, "typical_volume": 1200159.05, "trend": 18.487917, "fair_value": 18.417525, "relative_strength": -6.183434, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.90886, "energy": 16.829873, "activity_lines": [ 18.636136, 18.738155, 18.701818, 18.60413 ] }, { "date": "2024-02-09", "close": 18.738979, "volume": 248074, "typical_volume": 1156292.55, "trend": 18.501529, "fair_value": 18.410732, "relative_strength": -5.361791, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.629232, "energy": 18.117774, "activity_lines": [ 18.651259, 18.729905, 18.715429, 18.620328 ] }, { "date": "2024-02-16", "close": 18.693609, "volume": 553746, "typical_volume": 1139484.55, "trend": 18.513628, "fair_value": 18.411811, "relative_strength": -8.027177, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.791735, "energy": 11.244867, "activity_lines": [ 18.660334, 18.712582, 18.722127, 18.63272 ] }, { "date": "2024-02-23", "close": 18.648233, "volume": 1240614, "typical_volume": 1134407.8, "trend": 18.52724, "fair_value": 18.405426, "relative_strength": -9.426478, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.943767, "energy": 9.488162, "activity_lines": [ 18.663359, 18.690307, 18.722775, 18.641404 ] }, { "date": "2024-03-01", "close": 18.693609, "volume": 869742, "typical_volume": 1145127.95, "trend": 18.542364, "fair_value": 18.397599, "relative_strength": -9.203978, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.180027, "energy": 9.289277, "activity_lines": [ 18.678483, 18.682883, 18.725368, 18.652137 ] }, { "date": "2024-03-08", "close": 18.693609, "volume": 1076243, "typical_volume": 1139586.0, "trend": 18.554464, "fair_value": 18.39101, "relative_strength": -12.83927, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.746122, "energy": 11.672108, "activity_lines": [ 18.687558, 18.676284, 18.726017, 18.661895 ] }, { "date": "2024-03-15", "close": 18.557489, "volume": 1127286, "typical_volume": 1139067.5, "trend": 18.566563, "fair_value": 18.381816, "relative_strength": -12.716996, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.495308, "energy": 6.388885, "activity_lines": [ 18.642186, 18.651535, 18.711541, 18.66209 ] }, { "date": "2024-03-22", "close": 18.512115, "volume": 1176458, "typical_volume": 1134442.25, "trend": 18.574125, "fair_value": 18.368373, "relative_strength": -14.965943, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.502128, "energy": 10.688396, "activity_lines": [ 18.593787, 18.624311, 18.691447, 18.658578 ] }, { "date": "2024-03-29", "close": 18.602863, "volume": 924516, "typical_volume": 1104822.0, "trend": 18.584713, "fair_value": 18.35848, "relative_strength": -14.507132, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.423484, "energy": 14.385262, "activity_lines": [ 18.587738, 18.619361, 18.678915, 18.660432 ] }, { "date": "2024-04-05", "close": 18.738979, "volume": 653787, "typical_volume": 1054133.85, "trend": 18.601349, "fair_value": 18.348965, "relative_strength": -13.744164, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.39264, "energy": 10.695722, "activity_lines": [ 18.630085, 18.63916, 18.679563, 18.670384 ] }, { "date": "2024-04-12", "close": 18.738979, "volume": 1088799, "typical_volume": 1033821.9, "trend": 18.617986, "fair_value": 18.339203, "relative_strength": -15.078508, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.755958, "energy": 11.88601, "activity_lines": [ 18.669408, 18.656484, 18.680428, 18.679264 ] }, { "date": "2024-04-19", "close": 18.693609, "volume": 1146155, "typical_volume": 1033494.95, "trend": 18.634623, "fair_value": 18.328408, "relative_strength": -9.752905, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.064579, "energy": 11.859146, "activity_lines": [ 18.690583, 18.662259, 18.677619, 18.684143 ] }, { "date": "2024-04-26", "close": 18.829725, "volume": 1131533, "typical_volume": 1028282.7, "trend": 18.651259, "fair_value": 18.320217, "relative_strength": -11.459805, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 42.469065, "energy": 23.483444, "activity_lines": [ 18.748055, 18.693607, 18.687774, 18.69673 ] }, { "date": "2024-05-03", "close": 18.920473, "volume": 935060, "typical_volume": 1013085.85, "trend": 18.676971, "fair_value": 18.311371, "relative_strength": -11.630928, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 50.315013, "energy": 37.974303, "activity_lines": [ 18.814602, 18.73898, 18.706787, 18.714098 ] }, { "date": "2024-05-10", "close": 19.011219, "volume": 1087881, "typical_volume": 1003576.4, "trend": 18.701169, "fair_value": 18.303848, "relative_strength": -12.494727, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 57.088957, "energy": 52.015159, "activity_lines": [ 18.890224, 18.795903, 18.734875, 18.735663 ] }, { "date": "2024-05-17", "close": 18.965845, "volume": 1258728, "typical_volume": 1004368.05, "trend": 18.725368, "fair_value": 18.295788, "relative_strength": -14.61552, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.525903, "energy": 64.424696, "activity_lines": [ 18.932572, 18.838801, 18.757346, 18.752739 ] }, { "date": "2024-05-24", "close": 18.920473, "volume": 1157787, "typical_volume": 1015443.65, "trend": 18.746542, "fair_value": 18.293869, "relative_strength": -15.709423, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.595566, "energy": 61.366427, "activity_lines": [ 18.944672, 18.8685, 18.775927, 18.765326 ] }, { "date": "2024-05-31", "close": 19.147335, "volume": 1273270, "typical_volume": 1020875.25, "trend": 18.775279, "fair_value": 18.288456, "relative_strength": -12.824039, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.0225, "energy": 66.841288, "activity_lines": [ 19.017268, 18.932846, 18.815898, 18.791184 ] }, { "date": "2024-06-07", "close": 19.011219, "volume": 1160507, "typical_volume": 1018394.4, "trend": 18.787378, "fair_value": 18.27648, "relative_strength": -15.835284, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.487171, "energy": 56.967794, "activity_lines": [ 19.023318, 18.960895, 18.841394, 18.806406 ] }, { "date": "2024-06-14", "close": 19.44175, "volume": 2018855, "typical_volume": 1064256.95, "trend": 18.809291, "fair_value": 18.266523, "relative_strength": -16.098758, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.10244, "energy": 58.470192, "activity_lines": [ 19.166828, 19.059798, 18.905947, 18.848623 ] }, { "date": "2024-06-21", "close": 19.115389, "volume": 1482475, "typical_volume": 1080575.8, "trend": 18.817301, "fair_value": 18.259173, "relative_strength": -19.79436, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.63288, "energy": 45.228023, "activity_lines": [ 19.17285, 19.086585, 18.935424, 18.868371 ] }, { "date": "2024-06-28", "close": 19.208635, "volume": 1123610, "typical_volume": 1124352.6, "trend": 18.834469, "fair_value": 18.249948, "relative_strength": -18.229756, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.64823, "energy": 38.762141, "activity_lines": [ 19.199984, 19.123481, 18.971125, 18.893619 ] }, { "date": "2024-07-05", "close": 19.348503, "volume": 1263392, "typical_volume": 1159834.9, "trend": 18.850249, "fair_value": 18.241619, "relative_strength": -19.050723, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.722332, "energy": 41.011478, "activity_lines": [ 19.254529, 19.176444, 19.017911, 18.926782 ] }, { "date": "2024-07-12", "close": 19.488371, "volume": 1355211, "typical_volume": 1165564.75, "trend": 18.866154, "fair_value": 18.236413, "relative_strength": -19.318205, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.459, "energy": 40.135263, "activity_lines": [ 19.342287, 19.245406, 19.074898, 18.967951 ] }, { "date": "2024-07-19", "close": 18.882275, "volume": 1137051, "typical_volume": 1178930.2, "trend": 18.87093, "fair_value": 18.22464, "relative_strength": -17.854168, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.643735, "energy": 25.749856, "activity_lines": [ 19.196202, 19.193842, 19.070162, 18.968992 ] }, { "date": "2024-07-26", "close": 18.975519, "volume": 711337, "typical_volume": 1160684.9, "trend": 18.868228, "fair_value": 18.212948, "relative_strength": -14.326519, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 33.559368, "energy": 17.325381, "activity_lines": [ 19.118497, 19.161577, 19.073407, 18.975739 ] }, { "date": "2024-08-02", "close": 19.115389, "volume": 1225630, "typical_volume": 1165602.1, "trend": 18.876238, "fair_value": 18.203701, "relative_strength": -11.436742, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 30.993163, "energy": 14.298414, "activity_lines": [ 19.096739, 19.154566, 19.088631, 18.991685 ] }, { "date": "2024-08-09", "close": 18.928896, "volume": 1640792, "typical_volume": 1188818.8, "trend": 18.879543, "fair_value": 18.195322, "relative_strength": -11.229294, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 20.970971, "energy": 14.706686, "activity_lines": [ 19.019034, 19.110104, 19.083437, 18.995082 ] }, { "date": "2024-08-16", "close": 19.115389, "volume": 1711635, "typical_volume": 1228174.75, "trend": 18.896628, "fair_value": 18.191232, "relative_strength": -13.457852, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 25.453019, "energy": 12.824393, "activity_lines": [ 19.031467, 19.103521, 19.094019, 19.010298 ] }, { "date": "2024-08-23", "close": 19.348503, "volume": 1612313, "typical_volume": 1276101.05, "trend": 18.921482, "fair_value": 18.191216, "relative_strength": -11.238268, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.316425, "energy": 18.977279, "activity_lines": [ 19.14647, 19.137428, 19.124363, 19.039451 ] }, { "date": "2024-08-30", "close": 19.534996, "volume": 1706627, "typical_volume": 1306992.45, "trend": 18.954066, "fair_value": 18.193942, "relative_strength": -10.43816, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.284306, "energy": 29.099374, "activity_lines": [ 19.292556, 19.206939, 19.169565, 19.079033 ] }, { "date": "2024-09-06", "close": 18.975519, "volume": 1832614, "typical_volume": 1341315.4, "trend": 18.961951, "fair_value": 18.190246, "relative_strength": -9.239442, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.724122, "energy": 20.494647, "activity_lines": [ 19.214851, 19.167098, 19.157693, 19.080417 ] }, { "date": "2024-09-13", "close": 18.928896, "volume": 1840430, "typical_volume": 1376760.25, "trend": 18.969793, "fair_value": 18.18264, "relative_strength": -10.445122, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 22.579327, "energy": 12.141051, "activity_lines": [ 19.130929, 19.123018, 19.140038, 19.078284 ] }, { "date": "2024-09-20", "close": 19.115389, "volume": 1401796, "typical_volume": 1400097.05, "trend": 18.985365, "fair_value": 18.174682, "relative_strength": -10.75163, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.4386, "energy": 7.82378, "activity_lines": [ 19.109172, 19.120475, 19.139672, 19.087678 ] }, { "date": "2024-09-27", "close": 19.255257, "volume": 1784383, "typical_volume": 1434922.15, "trend": 19.004087, "fair_value": 18.174068, "relative_strength": -12.227596, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.326166, "energy": 12.128891, "activity_lines": [ 19.134038, 19.150144, 19.151699, 19.10509 ] }, { "date": "2024-10-04", "close": 19.30188, "volume": 1579160, "typical_volume": 1450943.75, "trend": 19.024363, "fair_value": 18.173237, "relative_strength": -9.541438, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.372559, "energy": 14.405703, "activity_lines": [ 19.18066, 19.181508, 19.167004, 19.124303 ] }, { "date": "2024-10-11", "close": 19.115389, "volume": 2923861, "typical_volume": 1539247.45, "trend": 19.042959, "fair_value": 18.176369, "relative_strength": -12.309039, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.523443, "energy": 16.791223, "activity_lines": [ 19.180661, 19.173031, 19.162948, 19.130175 ] }, { "date": "2024-10-18", "close": 18.975519, "volume": 2725717, "typical_volume": 1611869.8, "trend": 19.058406, "fair_value": 18.176283, "relative_strength": -14.600912, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.944611, "energy": 4.909092, "activity_lines": [ 19.124713, 19.139124, 19.144642, 19.125824 ] }, { "date": "2024-10-25", "close": 18.789026, "volume": 2518668, "typical_volume": 1679777.85, "trend": 19.064612, "fair_value": 18.173969, "relative_strength": -14.365503, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.339326, "energy": 19.766781, "activity_lines": [ 19.003493, 19.07046, 19.109394, 19.108445 ] }, { "date": "2024-11-01", "close": 18.882275, "volume": 1957200, "typical_volume": 1676695.1, "trend": 19.069388, "fair_value": 18.169417, "relative_strength": -11.287166, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.097642, "energy": 31.960689, "activity_lines": [ 18.935113, 19.024685, 19.084084, 19.096681 ] }, { "date": "2024-11-08", "close": 19.022142, "volume": 2258935, "typical_volume": 1715518.1, "trend": 19.078827, "fair_value": 18.166793, "relative_strength": -13.010675, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.251151, "energy": 34.372648, "activity_lines": [ 18.938221, 19.012818, 19.07476, 19.093633 ] }, { "date": "2024-11-15", "close": 18.789026, "volume": 1964430, "typical_volume": 1757559.1, "trend": 19.082007, "fair_value": 18.161127, "relative_strength": -10.520372, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -60.21659, "energy": 52.198382, "activity_lines": [ 18.882273, 18.96789, 19.043678, 19.074936 ] }, { "date": "2024-11-22", "close": 19.208635, "volume": 2023860, "typical_volume": 1795582.5, "trend": 19.094638, "fair_value": 18.159441, "relative_strength": -8.685714, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -37.133298, "energy": 18.509446, "activity_lines": [ 18.987952, 19.002645, 19.054556, 19.083106 ] }, { "date": "2024-11-29", "close": 18.835651, "volume": 1989651, "typical_volume": 1827304.5, "trend": 19.09181, "fair_value": 18.160521, "relative_strength": -7.439523, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -52.624787, "energy": 23.488007, "activity_lines": [ 18.953762, 18.964499, 19.030579, 19.066397 ] }, { "date": "2024-12-06", "close": 18.742405, "volume": 2009002, "typical_volume": 1870902.05, "trend": 19.08285, "fair_value": 18.170288, "relative_strength": -11.074403, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -58.571125, "energy": 31.628009, "activity_lines": [ 18.885382, 18.914486, 19.000829, 19.043855 ] }, { "date": "2024-12-13", "close": 18.789026, "volume": 1694059, "typical_volume": 1920038.15, "trend": 19.076956, "fair_value": 18.178806, "relative_strength": -9.688161, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.288564, "energy": 29.810002, "activity_lines": [ 18.841867, 18.882273, 18.976185, 19.024898 ] }, { "date": "2024-12-20", "close": 18.649158, "volume": 2350252, "typical_volume": 1976269.25, "trend": 19.067912, "fair_value": 18.189265, "relative_strength": -7.865073, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.557934, "energy": 55.262881, "activity_lines": [ 18.76727, 18.833955, 18.939109, 18.997298 ] }, { "date": "2024-12-27", "close": 18.835651, "volume": 2450796, "typical_volume": 2016769.45, "trend": 19.057523, "fair_value": 18.202208, "relative_strength": -9.513251, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.828999, "energy": 48.202208, "activity_lines": [ 18.764162, 18.828021, 18.922014, 18.982314 ] }, { "date": "2025-01-03", "close": 18.742405, "volume": 1940725, "typical_volume": 2028223.95, "trend": 19.048562, "fair_value": 18.212748, "relative_strength": -8.004412, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.103209, "energy": 40.172839, "activity_lines": [ 18.754837, 18.807677, 18.896482, 18.961984 ] }, { "date": "2025-01-10", "close": 18.555914, "volume": 2110381, "typical_volume": 2053127.35, "trend": 19.019034, "fair_value": 18.220546, "relative_strength": -8.799505, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.838815, "energy": 48.425164, "activity_lines": [ 18.689566, 18.754272, 18.854966, 18.9302 ] }, { "date": "2025-01-17", "close": 18.789026, "volume": 1524912, "typical_volume": 2044041.6, "trend": 19.008156, "fair_value": 18.231385, "relative_strength": -7.714641, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.460903, "energy": 31.510214, "activity_lines": [ 18.714431, 18.749186, 18.839425, 18.915361 ] }, { "date": "2025-01-24", "close": 18.789026, "volume": 1237660, "typical_volume": 2014293.9, "trend": 18.994169, "fair_value": 18.240419, "relative_strength": -8.725631, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.119589, "energy": 29.361004, "activity_lines": [ 18.739296, 18.748338, 18.827436, 18.901223 ] }, { "date": "2025-02-07", "close": 18.742405, "volume": 1769720, "typical_volume": 2010758.4, "trend": 18.973965, "fair_value": 18.24967, "relative_strength": -8.307293, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.151248, "energy": 24.600335, "activity_lines": [ 18.739296, 18.739014, 18.811895, 18.88498 ] }, { "date": "2025-02-14", "close": 18.789026, "volume": 2731073, "typical_volume": 2077222.25, "trend": 18.950654, "fair_value": 18.259478, "relative_strength": -6.32277, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.385808, "energy": 17.592427, "activity_lines": [ 18.761053, 18.746643, 18.801682, 18.873049 ] }, { "date": "2025-02-21", "close": 19.022142, "volume": 2861423, "typical_volume": 2131074.25, "trend": 18.955316, "fair_value": 18.268974, "relative_strength": -7.050143, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.225625, "energy": 11.252471, "activity_lines": [ 18.857407, 18.797504, 18.815225, 18.877661 ] }, { "date": "2025-02-28", "close": 19.255257, "volume": 2892050, "typical_volume": 2196718.75, "trend": 18.964641, "fair_value": 18.27945, "relative_strength": -2.818291, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 32.708868, "energy": 29.173443, "activity_lines": [ 19.000384, 18.885664, 18.852079, 18.897012 ] }, { "date": "2025-03-07", "close": 19.255257, "volume": 2841964, "typical_volume": 2192623.9, "trend": 18.969303, "fair_value": 18.291988, "relative_strength": -0.465418, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 34.741948, "energy": 52.514425, "activity_lines": [ 19.11228, 18.965347, 18.889156, 18.915762 ] }, { "date": "2025-03-14", "close": 19.255257, "volume": 2999428, "typical_volume": 2206309.45, "trend": 18.980182, "fair_value": 18.304527, "relative_strength": 2.446501, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.905736, "energy": 59.22926, "activity_lines": [ 19.193093, 19.03401, 18.925566, 18.93421 ] }, { "date": "2025-03-21", "close": 19.022142, "volume": 3038989, "typical_volume": 2232325.5, "trend": 18.977073, "fair_value": 18.317892, "relative_strength": 0.302425, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.466154, "energy": 53.566165, "activity_lines": [ 19.162011, 19.052659, 18.938443, 18.936917 ] }, { "date": "2025-03-28", "close": 18.975519, "volume": 2674244, "typical_volume": 2268177.7, "trend": 18.964641, "fair_value": 18.328379, "relative_strength": 2.949582, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 27.893171, "energy": 28.33346, "activity_lines": [ 19.099847, 19.057745, 18.945769, 18.936817 ] }, { "date": "2025-04-04", "close": 18.742405, "volume": 1340189, "typical_volume": 2222240.4, "trend": 18.938221, "fair_value": 18.335567, "relative_strength": 3.224713, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -8.540545, "energy": 7.312452, "activity_lines": [ 18.963087, 19.012818, 18.93045, 18.922479 ] }, { "date": "2025-04-11", "close": 18.276176, "volume": 2386809, "typical_volume": 2243359.35, "trend": 18.914909, "fair_value": 18.340024, "relative_strength": 9.741393, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -58.898994, "energy": 38.135137, "activity_lines": [ 18.705107, 18.883969, 18.872061, 18.879767 ] }, { "date": "2025-04-18", "close": 18.462666, "volume": 3106507, "typical_volume": 2297491.7, "trend": 18.899368, "fair_value": 18.346192, "relative_strength": 11.5043, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.846331, "energy": 43.534171, "activity_lines": [ 18.574562, 18.798352, 18.833874, 18.85059 ] }, { "date": "2025-04-25", "close": 18.509293, "volume": 2654308, "typical_volume": 2330724.55, "trend": 18.879165, "fair_value": 18.352401, "relative_strength": 9.162535, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.574249, "energy": 50.123046, "activity_lines": [ 18.512399, 18.726299, 18.803681, 18.825424 ] }, { "date": "2025-05-02", "close": 19.395124, "volume": 3387404, "typical_volume": 2399644.65, "trend": 18.883827, "fair_value": 18.364547, "relative_strength": 9.35948, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -15.754504, "energy": 14.404815, "activity_lines": [ 18.779703, 18.820392, 18.859406, 18.858711 ] }, { "date": "2025-05-09", "close": 19.348503, "volume": 2697941, "typical_volume": 2449838.75, "trend": 18.885382, "fair_value": 18.37562, "relative_strength": 8.445648, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 42.970433, "energy": 21.970564, "activity_lines": [ 19.003493, 18.899227, 18.907583, 18.88869 ] }, { "date": "2025-05-16", "close": 19.208635, "volume": 2620804, "typical_volume": 2463366.35, "trend": 18.88849, "fair_value": 18.387086, "relative_strength": 3.17455, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 48.527362, "energy": 32.240868, "activity_lines": [ 19.140254, 18.950937, 18.939775, 18.909545 ] }, { "date": "2025-05-23", "close": 19.628239, "volume": 2766143, "typical_volume": 2479133.7, "trend": 18.910247, "fair_value": 18.401242, "relative_strength": 6.326081, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 65.266085, "energy": 46.327912, "activity_lines": [ 19.354719, 19.079785, 19.009265, 18.957271 ] }, { "date": "2025-05-30", "close": 19.255257, "volume": 2242183, "typical_volume": 2494206.6, "trend": 18.925788, "fair_value": 18.411717, "relative_strength": 5.736837, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.410734, "energy": 54.132044, "activity_lines": [ 19.367152, 19.134037, 19.039459, 18.97953 ] }, { "date": "2025-06-06", "close": 19.255257, "volume": 2666329, "typical_volume": 2522004.0, "trend": 18.938221, "fair_value": 18.419355, "relative_strength": 4.243183, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.695469, "energy": 46.296974, "activity_lines": [ 19.329854, 19.184051, 19.067211, 19.000786 ] }, { "date": "2025-06-13", "close": 19.488371, "volume": 3001742, "typical_volume": 2595845.5, "trend": 18.953762, "fair_value": 18.430293, "relative_strength": 3.503805, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.30208, "energy": 40.8326, "activity_lines": [ 19.379584, 19.271363, 19.113834, 19.036279 ] }, { "date": "2025-06-20", "close": 19.439651, "volume": 3451086, "typical_volume": 2706516.8, "trend": 18.975449, "fair_value": 18.439372, "relative_strength": 3.330799, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.149815, "energy": 30.366092, "activity_lines": [ 19.403751, 19.336254, 19.152487, 19.067627 ] }, { "date": "2025-06-27", "close": 19.342209, "volume": 2620769, "typical_volume": 2749069.25, "trend": 18.979902, "fair_value": 18.444716, "relative_strength": 0.301753, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.290238, "energy": 27.343962, "activity_lines": [ 19.380036, 19.362274, 19.178761, 19.091289 ] }, { "date": "2025-07-04", "close": 19.196047, "volume": 3085518, "typical_volume": 2766791.5, "trend": 18.991915, "fair_value": 18.448031, "relative_strength": -0.351334, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 37.277365, "energy": 21.247233, "activity_lines": [ 19.326668, 19.345727, 19.188259, 19.105234 ] }, { "date": "2025-07-11", "close": 19.049883, "volume": 2146150, "typical_volume": 2731027.85, "trend": 19.002164, "fair_value": 18.451775, "relative_strength": -2.029938, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.513976, "energy": 13.546347, "activity_lines": [ 19.228527, 19.290118, 19.181898, 19.108974 ] }, { "date": "2025-07-18", "close": 19.342209, "volume": 2138981, "typical_volume": 2693374.4, "trend": 19.020604, "fair_value": 18.456846, "relative_strength": -3.242451, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.730687, "energy": 16.251675, "activity_lines": [ 19.241519, 19.293937, 19.203246, 19.130912 ] }, { "date": "2025-07-25", "close": 19.196047, "volume": 1699911, "typical_volume": 2636271.75, "trend": 19.038833, "fair_value": 18.46098, "relative_strength": -3.887758, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.459972, "energy": 15.080859, "activity_lines": [ 19.215535, 19.271296, 19.210259, 19.142231 ] }, { "date": "2025-08-01", "close": 19.293487, "volume": 2517088, "typical_volume": 2612154.75, "trend": 19.054095, "fair_value": 18.465466, "relative_strength": -3.613463, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.589519, "energy": 14.484884, "activity_lines": [ 19.238271, 19.266599, 19.226835, 19.15866 ] }, { "date": "2025-08-08", "close": 19.829418, "volume": 3111566, "typical_volume": 2615783.6, "trend": 19.090328, "fair_value": 18.473934, "relative_strength": -3.230162, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 66.019313, "energy": 42.335739, "activity_lines": [ 19.442899, 19.365431, 19.294269, 19.208681 ] }, { "date": "2025-08-15", "close": 19.293488, "volume": 2289305, "typical_volume": 2596536.65, "trend": 19.114914, "fair_value": 18.479239, "relative_strength": -6.870954, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.277766, "energy": 30.485637, "activity_lines": [ 19.426658, 19.356382, 19.306819, 19.221788 ] }, { "date": "2025-08-22", "close": 19.439651, "volume": 1785344, "typical_volume": 2618794.4, "trend": 19.136602, "fair_value": 18.485755, "relative_strength": -3.833735, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.219423, "energy": 35.058293, "activity_lines": [ 19.442899, 19.373213, 19.331774, 19.242739 ] }, { "date": "2025-08-29", "close": 19.488371, "volume": 1618322, "typical_volume": 2580370.05, "trend": 19.159913, "fair_value": 18.493677, "relative_strength": -5.309371, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.5176, "energy": 40.079461, "activity_lines": [ 19.468883, 19.399788, 19.358049, 19.265434 ] }, { "date": "2025-09-05", "close": 19.780697, "volume": 1691606, "typical_volume": 2509625.0, "trend": 19.194523, "fair_value": 18.503473, "relative_strength": -4.764673, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.949932, "energy": 37.855234, "activity_lines": [ 19.572821, 19.478627, 19.406393, 19.305484 ] }, { "date": "2025-09-12", "close": 19.585814, "volume": 2018309, "typical_volume": 2477825.05, "trend": 19.221082, "fair_value": 18.513112, "relative_strength": -9.090729, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.016086, "energy": 37.400572, "activity_lines": [ 19.579317, 19.514061, 19.4299, 19.330729 ] }, { "date": "2025-09-19", "close": 19.342209, "volume": 1767762, "typical_volume": 2396842.95, "trend": 19.231751, "fair_value": 18.521191, "relative_strength": -10.353721, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.883748, "energy": 26.612189, "activity_lines": [ 19.520852, 19.498116, 19.42508, 19.338544 ] }, { "date": "2025-09-26", "close": 19.39093, "volume": 1193014, "typical_volume": 2321596.6, "trend": 19.236274, "fair_value": 18.530948, "relative_strength": -9.919978, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.701887, "energy": 19.680338, "activity_lines": [ 19.47538, 19.485714, 19.425152, 19.348813 ] }, { "date": "2025-10-03", "close": 19.585814, "volume": 984215, "typical_volume": 2239767.15, "trend": 19.247292, "fair_value": 18.541682, "relative_strength": -12.806279, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.120617, "energy": 18.215065, "activity_lines": [ 19.498116, 19.50786, 19.443583, 19.371364 ] }, { "date": "2025-10-10", "close": 19.39093, "volume": 750419, "typical_volume": 2138980.95, "trend": 19.251815, "fair_value": 18.551439, "relative_strength": -15.082058, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.618366, "energy": 15.352528, "activity_lines": [ 19.449395, 19.487486, 19.441657, 19.380631 ] }, { "date": "2025-10-17", "close": 19.634535, "volume": 1165104, "typical_volume": 2085127.0, "trend": 19.272228, "fair_value": 18.563032, "relative_strength": -13.787669, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.356169, "energy": 18.983795, "activity_lines": [ 19.50786, 19.509632, 19.464061, 19.405323 ] }, { "date": "2025-10-24", "close": 19.878139, "volume": 1178094, "typical_volume": 2010715.25, "trend": 19.302315, "fair_value": 18.577279, "relative_strength": -13.275064, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.502904, "energy": 41.606286, "activity_lines": [ 19.644279, 19.579613, 19.50786, 19.444414 ] }, { "date": "2025-10-31", "close": 19.780697, "volume": 1761431, "typical_volume": 1948699.7, "trend": 19.336925, "fair_value": 18.594729, "relative_strength": -15.640308, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.771485, "energy": 45.528004, "activity_lines": [ 19.712488, 19.621247, 19.539413, 19.475277 ] }, { "date": "2025-11-07", "close": 19.878139, "volume": 1491559, "typical_volume": 1850723.35, "trend": 19.390324, "fair_value": 18.611984, "relative_strength": -13.219539, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.714052, "energy": 59.46029, "activity_lines": [ 19.787193, 19.674397, 19.578853, 19.510194 ] }, { "date": "2025-11-14", "close": 19.634535, "volume": 1248005, "typical_volume": 1782085.15, "trend": 19.429386, "fair_value": 18.62795, "relative_strength": -13.305592, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.88131, "energy": 55.271098, "activity_lines": [ 19.761209, 19.676169, 19.593006, 19.52595 ] }, { "date": "2025-11-21", "close": 19.731976, "volume": 1081941, "typical_volume": 1681906.3, "trend": 19.470142, "fair_value": 18.643448, "relative_strength": -9.535159, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.929829, "energy": 38.578929, "activity_lines": [ 19.751465, 19.698315, 19.615046, 19.545472 ] }, { "date": "2025-11-28", "close": 19.926861, "volume": 2449797, "typical_volume": 1697088.65, "trend": 19.487867, "fair_value": 18.662108, "relative_strength": -12.342242, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.328608, "energy": 39.830621, "activity_lines": [ 19.800186, 19.753237, 19.653095, 19.574937 ] }, { "date": "2025-12-05", "close": 19.878139, "volume": 2106049, "typical_volume": 1695442.05, "trend": 19.505521, "fair_value": 18.680456, "relative_strength": -13.389559, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.526217, "energy": 33.502546, "activity_lines": [ 19.829418, 19.78867, 19.682328, 19.600116 ] }, { "date": "2025-12-12", "close": 19.878139, "volume": 1728000, "typical_volume": 1696846.5, "trend": 19.527838, "fair_value": 18.698258, "relative_strength": -13.848128, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.314038, "energy": 35.93731, "activity_lines": [ 19.852155, 19.815245, 19.709008, 19.624156 ] }, { "date": "2025-12-19", "close": 19.926861, "volume": 1532417, "typical_volume": 1647612.95, "trend": 19.537792, "fair_value": 18.716918, "relative_strength": -11.872349, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.281412, "energy": 45.178261, "activity_lines": [ 19.891132, 19.845363, 19.737081, 19.6499 ] }, { "date": "2025-12-26", "close": 19.780697, "volume": 1208483, "typical_volume": 1552458.8, "trend": 19.555307, "fair_value": 18.735188, "relative_strength": -14.880125, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.543387, "energy": 31.738796, "activity_lines": [ 19.861899, 19.839163, 19.748217, 19.665571 ] }, { "date": "2026-01-02", "close": 19.780697, "volume": 852837, "typical_volume": 1480635.4, "trend": 19.572821, "fair_value": 18.754005, "relative_strength": -16.916667, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.332101, "energy": 22.814906, "activity_lines": [ 19.829418, 19.830304, 19.759585, 19.680112 ] }, { "date": "2026-01-09", "close": 19.683256, "volume": 568061, "typical_volume": 1419771.25, "trend": 19.579318, "fair_value": 18.772744, "relative_strength": -19.568452, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 33.296739, "energy": 15.47963, "activity_lines": [ 19.774201, 19.805501, 19.759353, 19.687237 ] }, { "date": "2026-01-16", "close": 19.780697, "volume": 901420, "typical_volume": 1383926.15, "trend": 19.590686, "fair_value": 18.792108, "relative_strength": -21.722914, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 29.941803, "energy": 15.180513, "activity_lines": [ 19.764457, 19.800186, 19.767241, 19.700229 ] }, { "date": "2026-01-23", "close": 19.780697, "volume": 480694, "typical_volume": 1323380.55, "trend": 19.605302, "fair_value": 18.810652, "relative_strength": -22.720679, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 28.196124, "energy": 13.817495, "activity_lines": [ 19.761209, 19.796642, 19.773737, 19.712488 ] }, { "date": "2026-01-30", "close": 19.731976, "volume": 322475, "typical_volume": 1238588.85, "trend": 19.623166, "fair_value": 18.828609, "relative_strength": -22.81716, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.915524, "energy": 12.485793, "activity_lines": [ 19.751465, 19.781583, 19.775593, 19.720661 ] }, { "date": "2026-02-06", "close": 19.780697, "volume": 336735, "typical_volume": 1167037.5, "trend": 19.647527, "fair_value": 18.84606, "relative_strength": -21.610316, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.645167, "energy": 8.171031, "activity_lines": [ 19.761209, 19.775382, 19.781393, 19.730824 ] }, { "date": "2026-02-13", "close": 20.316628, "volume": 728511, "typical_volume": 1143812.35, "trend": 19.680007, "fair_value": 18.867218, "relative_strength": -23.469888, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 66.564729, "energy": 45.267805, "activity_lines": [ 19.949596, 19.869281, 19.836146, 19.773992 ] }, { "date": "2026-02-27", "close": 20.170465, "volume": 568428, "typical_volume": 1123023.0, "trend": 19.712488, "fair_value": 18.887167, "relative_strength": -27.49149, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.857995, "energy": 53.793345, "activity_lines": [ 20.047038, 19.928632, 19.872571, 19.805634 ] }, { "date": "2026-03-06", "close": 19.634535, "volume": 560419, "typical_volume": 1113523.0, "trend": 19.723856, "fair_value": 18.90286, "relative_strength": -25.145641, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 35.334907, "energy": 29.838157, "activity_lines": [ 19.939853, 19.885226, 19.855171, 19.800605 ] }, { "date": "2026-03-13", "close": 19.488371, "volume": 697252, "typical_volume": 1090130.4, "trend": 19.712488, "fair_value": 18.914882, "relative_strength": -24.760362, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 3.587823, "energy": 5.347713, "activity_lines": [ 19.79369, 19.82056, 19.82269, 19.785412 ] }, { "date": "2026-03-20", "close": 19.488371, "volume": 439466, "typical_volume": 1053199.0, "trend": 19.718984, "fair_value": 18.928818, "relative_strength": -24.529273, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.328894, "energy": 17.205119, "activity_lines": [ 19.663767, 19.761209, 19.790905, 19.770953 ] }, { "date": "2026-03-27", "close": 19.537092, "volume": 579502, "typical_volume": 994102.55, "trend": 19.722232, "fair_value": 18.941153, "relative_strength": -22.841491, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.568195, "energy": 24.233361, "activity_lines": [ 19.569573, 19.716031, 19.765617, 19.759218 ] }, { "date": "2026-04-03", "close": 19.488371, "volume": 483534, "typical_volume": 943701.3, "trend": 19.722232, "fair_value": 18.951535, "relative_strength": -21.202551, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.87274, "energy": 38.862033, "activity_lines": [ 19.511108, 19.664653, 19.736848, 19.74413 ] }, { "date": "2026-04-10", "close": 19.488371, "volume": 567482, "typical_volume": 909675.15, "trend": 19.712488, "fair_value": 18.961917, "relative_strength": -26.922659, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.403149, "energy": 44.131723, "activity_lines": [ 19.498115, 19.618589, 19.709936, 19.729042 ] }, { "date": "2026-04-17", "close": 19.780697, "volume": 1176429, "typical_volume": 914399.55, "trend": 19.718984, "fair_value": 18.974173, "relative_strength": -27.887025, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.254241, "energy": 18.071374, "activity_lines": [ 19.592309, 19.630991, 19.71156, 19.733443 ] }, { "date": "2026-04-24", "close": 19.97558, "volume": 1008518, "typical_volume": 842335.6, "trend": 19.740096, "fair_value": 18.988225, "relative_strength": -30.368645, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.646244, "energy": 6.615654, "activity_lines": [ 19.731976, 19.67794, 19.731512, 19.749998 ] }, { "date": "2026-05-01", "close": 20.121744, "volume": 1052346, "typical_volume": 789650.45, "trend": 19.764457, "fair_value": 19.004034, "relative_strength": -29.081611, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.087755, "energy": 18.617859, "activity_lines": [ 19.887883, 19.747921, 19.765153, 19.77462 ] }, { "date": "2026-05-08", "close": 20.365349, "volume": 1203973, "typical_volume": 763449.1, "trend": 19.790441, "fair_value": 19.021405, "relative_strength": -32.046907, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 66.083415, "energy": 44.144086, "activity_lines": [ 20.086015, 19.865737, 19.820834, 19.813387 ] }, { "date": "2026-05-15", "close": 20.267906, "volume": 1308799, "typical_volume": 752268.2, "trend": 19.819674, "fair_value": 19.038151, "relative_strength": -30.864291, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.992514, "energy": 58.478589, "activity_lines": [ 20.193201, 19.962293, 19.864915, 19.844191 ] }, { "date": "2026-05-22", "close": 20.608953, "volume": 1422053, "typical_volume": 762946.7, "trend": 19.852155, "fair_value": 19.058177, "relative_strength": -30.7908, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.022775, "energy": 73.842237, "activity_lines": [ 20.3621, 20.109342, 19.939852, 19.895113 ] }, { "date": "2026-05-29", "close": 20.901279, "volume": 2263548, "typical_volume": 833482.25, "trend": 19.886259, "fair_value": 19.076796, "relative_strength": -32.871991, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.791734, "energy": 80.796332, "activity_lines": [ 20.573224, 20.289166, 20.038686, 19.962798 ] }, { "date": "2026-06-05", "close": 21.047441, "volume": 1747759, "typical_volume": 892467.15, "trend": 19.928484, "fair_value": 19.096899, "relative_strength": -32.093346, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.745766, "energy": 86.803481, "activity_lines": [ 20.771356, 20.469877, 20.146104, 20.037713 ] }, { "date": "2026-06-12", "close": 20.706394, "volume": 1748772, "typical_volume": 934834.75, "trend": 19.956093, "fair_value": 19.112902, "relative_strength": -31.019068, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.714013, "energy": 77.729834, "activity_lines": [ 20.794092, 20.561118, 20.214545, 20.087901 ] }, { "date": "2026-06-19", "close": 20.799999, "volume": 900603, "typical_volume": 955830.2, "trend": 19.994941, "fair_value": 19.130051, "relative_strength": -33.31007, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.958704, "energy": 66.978579, "activity_lines": [ 20.825294, 20.647232, 20.287493, 20.142346 ] }, { "date": "2026-06-26", "close": 21.200001, "volume": 745989, "typical_volume": 977005.9, "trend": 20.043875, "fair_value": 19.148736, "relative_strength": -28.305811, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.340299, "energy": 58.437931, "activity_lines": [ 20.954356, 20.782226, 20.393683, 20.220092 ] }, { "date": "2026-07-03", "close": 21.450001, "volume": 773308, "typical_volume": 998834.55, "trend": 20.094647, "fair_value": 19.168441, "relative_strength": -30.078655, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.592019, "energy": 56.776777, "activity_lines": [ 21.127349, 20.936869, 20.516691, 20.31081 ] }, { "date": "2026-07-10", "close": 21.85, "volume": 0, "typical_volume": 962409.0, "trend": 20.160376, "fair_value": 19.189838, "relative_strength": -25.730355, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.278528, "energy": 68.988197, "activity_lines": [ 21.397093, 21.137431, 20.669846, 20.424059 ] }, { "date": "2026-07-17", "close": 21.950001, "volume": 1056539, "typical_volume": 986814.55, "trend": 20.229438, "fair_value": 19.21362, "relative_strength": -19.93216, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.695718, "energy": 83.67936, "activity_lines": [ 21.646667, 21.324753, 20.825222, 20.539518 ] }, { "date": "2026-07-24", "close": 21.6, "volume": 898012, "typical_volume": 1003694.2, "trend": 20.285209, "fair_value": 19.234578, "relative_strength": -22.210096, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.619866, "energy": 74.627076, "activity_lines": [ 21.696667, 21.419626, 20.938792, 20.627942 ] }, { "date": "2026-07-31", "close": 22.1, "volume": 961034, "typical_volume": 1016883.3, "trend": 20.362519, "fair_value": 19.258741, "relative_strength": -18.661672, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.977328, "energy": 79.756833, "activity_lines": [ 21.86, 21.581188, 21.090621, 20.745025 ] }, { "date": "2026-08-07", "close": 21.5, "volume": 1098455, "typical_volume": 1049832.75, "trend": 20.419829, "fair_value": 19.279639, "relative_strength": -22.046995, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.549857, "energy": 53.744045, "activity_lines": [ 21.763333, 21.60655, 21.17287, 20.818411 ] }, { "date": "2026-08-14", "close": 21.85, "volume": 749612, "typical_volume": 1058338.25, "trend": 20.492054, "fair_value": 19.302781, "relative_strength": -22.688223, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.633294, "energy": 47.721971, "activity_lines": [ 21.78, 21.684662, 21.278874, 20.91068 ] } ], "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." } } }