{ "ticker": { "uuid": "38d56088-a6c7-4716-9cf0-414631ba83fb", "symbol": "1456", "name": "I-Hwa Industrial 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": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 24.482, "architecture_energy": 9.932, "architecture_maturity": 29.407, "architecture_confidence": 72.737, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 47.46, "rotation_up": 32.77, "upward_expansion": 49.4, "deceleration": 79.16, "rotation_down": 27.22, "downward_expansion": 26.74 }, "activity_lines": [ 13.923333, 13.951818, 13.931667, 13.900323 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.166667 }, "latest_close": 13.85, "trend_reference": 13.77, "distance_from_trend": 0.00581, "trend_direction": "Improving", "fair_value": 15.766759, "distance_from_fair_value": -0.12157, "fair_value_direction": "Improving", "relative_strength": -25.451099, "relative_strength_direction": "Improving", "price_momentum": 0.061303, "excess_performance": -0.380069, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.00581, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.029789, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.12157, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.055924, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.254511, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.066643, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.061303, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.901585, "read": "Supply-led" } ], "volume": { "latest": 327814, "relative_activity": 0.709748, "balance": 0.901585, "dry_up": 0.663977, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.085809, "annualized_volatility": 0.340057, "from_high_reference": -0.145062, "from_low_reference": 0.199134 }, "levels": { "trend_reference": 13.77, "fair_value_reference": 15.766759, "structural_low": 12.1, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 18, "median_return": -0.012667, "positive_rate": 0.388889, "directional_follow_through": 0.388889, "median_excess_return": -0.009892, "regime_survival": 0.611111, "best_return": 0.206226, "worst_return": -0.210843, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.002338, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.089982, "regime_survival": 0.25, "best_return": 0.168142, "worst_return": -0.271084, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.027778, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.102709, "regime_survival": 0.0, "best_return": 0.269231, "worst_return": -0.268072, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.13253, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.081206, "regime_survival": 0.333333, "best_return": 0.370607, "worst_return": -0.166134, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-01", "end": "2024-05-24", "tenure": "Established", "return": -0.100478, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-31", "end": "2024-06-28", "tenure": "Developing", "return": 0.046512, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-05", "end": "2024-08-23", "tenure": "Developing", "return": 0.019512, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-30", "end": "2024-09-20", "tenure": "New", "return": -0.093458, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-09-27", "end": "2024-10-11", "tenure": "New", "return": -0.056911, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-10-18", "end": "2025-03-14", "tenure": "Established", "return": -0.018072, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-21", "end": "2025-04-04", "tenure": "New", "return": -0.108434, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-10-17", "tenure": "Extended", "return": 0.011858, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-24", "end": "2025-12-12", "tenure": "Developing", "return": 0.03937, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-12-19", "end": "2025-12-26", "tenure": "New", "return": 0.003876, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-02", "end": "2026-02-13", "tenure": "Developing", "return": -0.018868, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-27", "end": "2026-03-20", "tenure": "New", "return": 0.10728, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-03-27", "end": "2026-05-15", "tenure": "Developing", "return": -0.086806, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-22", "end": "2026-08-14", "tenure": "Established", "return": 0.077821, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 16.285088, "volume": 462578, "typical_volume": 405941.85, "trend": 15.836299, "fair_value": 16.42359, "relative_strength": -6.206073, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.291149, "energy": 15.814893, "activity_lines": [ 16.430284, 16.477683, 16.436176, 16.17768 ] }, { "date": "2023-08-18", "close": 16.631578, "volume": 243073, "typical_volume": 411289.5, "trend": 15.894047, "fair_value": 16.472462, "relative_strength": -2.835257, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.092786, "energy": 23.212416, "activity_lines": [ 16.499582, 16.496582, 16.476482, 16.228989 ] }, { "date": "2023-08-25", "close": 16.037594, "volume": 130357, "typical_volume": 414607.35, "trend": 15.925396, "fair_value": 16.517993, "relative_strength": -6.681847, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.720977, "energy": 9.299008, "activity_lines": [ 16.357686, 16.407484, 16.452204, 16.23825 ] }, { "date": "2023-09-01", "close": 15.988094, "volume": 217539, "typical_volume": 412675.45, "trend": 15.933646, "fair_value": 16.562506, "relative_strength": -7.659356, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.182815, "energy": 8.765567, "activity_lines": [ 16.222389, 16.319286, 16.417791, 16.242295 ] }, { "date": "2023-09-08", "close": 15.641603, "volume": 155162, "typical_volume": 298481.05, "trend": 15.958396, "fair_value": 16.605908, "relative_strength": -8.851322, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -2.069766, "energy": 15.432922, "activity_lines": [ 15.988094, 16.18519, 16.348021, 16.223453 ] }, { "date": "2023-09-15", "close": 16.285088, "volume": 150007, "typical_volume": 299527.95, "trend": 16.006244, "fair_value": 16.653551, "relative_strength": -6.756902, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 7.310325, "energy": 14.360732, "activity_lines": [ 16.044193, 16.18249, 16.337886, 16.24453 ] }, { "date": "2023-09-22", "close": 16.433584, "volume": 150192, "typical_volume": 287905.1, "trend": 16.052443, "fair_value": 16.701679, "relative_strength": -2.339451, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.505067, "energy": 12.015912, "activity_lines": [ 16.149791, 16.212189, 16.338122, 16.272101 ] }, { "date": "2023-09-29", "close": 16.285088, "volume": 96271, "typical_volume": 259116.2, "trend": 16.093692, "fair_value": 16.748797, "relative_strength": -2.991027, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.572934, "energy": 10.293795, "activity_lines": [ 16.219089, 16.214889, 16.323979, 16.28711 ] }, { "date": "2023-10-06", "close": 15.443609, "volume": 471406, "typical_volume": 252857.55, "trend": 16.093692, "fair_value": 16.78947, "relative_strength": -8.512598, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.535507, "energy": 15.638163, "activity_lines": [ 15.991395, 16.066393, 16.229932, 16.245169 ] }, { "date": "2023-10-13", "close": 16.136591, "volume": 182097, "typical_volume": 251602.25, "trend": 16.133291, "fair_value": 16.834526, "relative_strength": -5.534713, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.190716, "energy": 9.833286, "activity_lines": [ 16.030994, 16.058293, 16.208482, 16.247937 ] }, { "date": "2023-10-20", "close": 16.730576, "volume": 517887, "typical_volume": 261536.4, "trend": 16.19269, "fair_value": 16.883682, "relative_strength": 0.301311, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 11.240261, "energy": 5.353422, "activity_lines": [ 16.235589, 16.16989, 16.246431, 16.286471 ] }, { "date": "2023-10-27", "close": 16.136591, "volume": 403400, "typical_volume": 266306.0, "trend": 16.232289, "fair_value": 16.928739, "relative_strength": -0.975038, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.561527, "energy": 3.218694, "activity_lines": [ 16.212489, 16.16539, 16.226632, 16.282852 ] }, { "date": "2023-11-03", "close": 16.136591, "volume": 88852, "typical_volume": 248240.35, "trend": 16.273538, "fair_value": 16.974671, "relative_strength": -2.779683, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.32854, "energy": 5.170118, "activity_lines": [ 16.209189, 16.16989, 16.209189, 16.276678 ] }, { "date": "2023-11-10", "close": 16.18609, "volume": 188115, "typical_volume": 249671.1, "trend": 16.296637, "fair_value": 17.022322, "relative_strength": -2.978093, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -28.775112, "energy": 14.213181, "activity_lines": [ 16.232289, 16.18159, 16.198582, 16.271036 ] }, { "date": "2023-11-17", "close": 15.740601, "volume": 344484, "typical_volume": 258242.65, "trend": 16.311487, "fair_value": 17.067292, "relative_strength": -8.070588, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.838022, "energy": 27.365193, "activity_lines": [ 16.057393, 16.108692, 16.149084, 16.235163 ] }, { "date": "2023-11-24", "close": 16.334585, "volume": 128094, "typical_volume": 255338.5, "trend": 16.339536, "fair_value": 17.114902, "relative_strength": -4.732263, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -37.137508, "energy": 18.127477, "activity_lines": [ 16.106891, 16.141991, 16.159455, 16.236653 ] }, { "date": "2023-12-01", "close": 16.928572, "volume": 546091, "typical_volume": 269217.65, "trend": 16.357685, "fair_value": 17.166203, "relative_strength": -1.904853, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 15.821282, "energy": 12.058625, "activity_lines": [ 16.380785, 16.282387, 16.227575, 16.274655 ] }, { "date": "2023-12-08", "close": 16.18609, "volume": 568000, "typical_volume": 285900.45, "trend": 16.352736, "fair_value": 17.210993, "relative_strength": -5.644844, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 0.099175, "energy": 4.775608, "activity_lines": [ 16.354386, 16.278788, 16.222625, 16.263585 ] }, { "date": "2023-12-15", "close": 16.384085, "volume": 255186, "typical_volume": 287494.25, "trend": 16.337886, "fair_value": 17.221731, "relative_strength": -5.756743, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 4.944621, "energy": 9.166424, "activity_lines": [ 16.390685, 16.312987, 16.237474, 16.265607 ] }, { "date": "2023-12-22", "close": 16.433584, "volume": 254751, "typical_volume": 277677.1, "trend": 16.327986, "fair_value": 17.225196, "relative_strength": -4.829612, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 6.692187, "energy": 11.825392, "activity_lines": [ 16.430284, 16.339086, 16.256331, 16.271781 ] }, { "date": "2023-12-29", "close": 16.681078, "volume": 89912, "typical_volume": 259043.8, "trend": 16.334586, "fair_value": 17.254476, "relative_strength": -4.881418, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 22.785563, "energy": 16.372942, "activity_lines": [ 16.506182, 16.404785, 16.300409, 16.294561 ] }, { "date": "2024-01-05", "close": 16.780075, "volume": 133096, "typical_volume": 253544.95, "trend": 16.339536, "fair_value": 17.281472, "relative_strength": -1.842619, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 26.423755, "energy": 26.762914, "activity_lines": [ 16.59198, 16.489382, 16.352029, 16.323303 ] }, { "date": "2024-01-12", "close": 16.631578, "volume": 65039, "typical_volume": 250279.05, "trend": 16.341186, "fair_value": 17.288249, "relative_strength": -2.502622, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 46.912258, "energy": 34.863138, "activity_lines": [ 16.638178, 16.535281, 16.388799, 16.342144 ] }, { "date": "2024-01-19", "close": 16.631578, "volume": 180075, "typical_volume": 248405.85, "trend": 16.331286, "fair_value": 17.299989, "relative_strength": -3.309778, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 48.433823, "energy": 34.98798, "activity_lines": [ 16.654678, 16.57218, 16.422741, 16.360879 ] }, { "date": "2024-01-26", "close": 16.532581, "volume": 85180, "typical_volume": 244906.75, "trend": 16.334586, "fair_value": 17.318977, "relative_strength": -5.38726, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.609408, "energy": 30.206235, "activity_lines": [ 16.621679, 16.58298, 16.44419, 16.373866 ] }, { "date": "2024-02-02", "close": 16.483082, "volume": 185022, "typical_volume": 246657.5, "trend": 16.331286, "fair_value": 17.33969, "relative_strength": -5.830196, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.428818, "energy": 16.664465, "activity_lines": [ 16.56558, 16.57038, 16.456683, 16.383446 ] }, { "date": "2024-02-09", "close": 16.235588, "volume": 16160, "typical_volume": 239955.9, "trend": 16.324686, "fair_value": 17.359109, "relative_strength": -7.321458, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.189026, "energy": 11.147442, "activity_lines": [ 16.440183, 16.510081, 16.444662, 16.377272 ] }, { "date": "2024-02-16", "close": 16.384085, "volume": 15034, "typical_volume": 235894.05, "trend": 16.324686, "fair_value": 17.374809, "relative_strength": -8.900584, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.943106, "energy": 13.271495, "activity_lines": [ 16.400584, 16.489382, 16.447726, 16.381104 ] }, { "date": "2024-02-23", "close": 16.285088, "volume": 145418, "typical_volume": 219594.65, "trend": 16.326336, "fair_value": 17.390166, "relative_strength": -10.609699, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.429941, "energy": 12.968249, "activity_lines": [ 16.344486, 16.447083, 16.440891, 16.37855 ] }, { "date": "2024-03-01", "close": 20.690475, "volume": 2298899, "typical_volume": 325434.75, "trend": 16.456683, "fair_value": 17.422962, "relative_strength": 13.001801, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.626407, "energy": 76.905505, "activity_lines": [ 17.779949, 17.207564, 16.849609, 16.660107 ] }, { "date": "2024-03-08", "close": 18.958019, "volume": 14744822, "typical_volume": 1036781.5, "trend": 16.545781, "fair_value": 17.447572, "relative_strength": -0.8331, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.421197, "energy": 73.273896, "activity_lines": [ 18.360734, 17.575654, 17.071646, 16.821483 ] }, { "date": "2024-03-15", "close": 19.651003, "volume": 2917110, "typical_volume": 1162467.0, "trend": 16.646428, "fair_value": 17.465531, "relative_strength": 3.264998, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.096237, "energy": 79.700062, "activity_lines": [ 19.007518, 18.028343, 17.349075, 17.02182 ] }, { "date": "2024-03-22", "close": 18.809523, "volume": 1054374, "typical_volume": 1210743.1, "trend": 16.738826, "fair_value": 17.47868, "relative_strength": -3.806472, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.521075, "energy": 76.770475, "activity_lines": [ 19.146115, 18.275837, 17.529627, 17.161375 ] }, { "date": "2024-03-29", "close": 19.106516, "volume": 676471, "typical_volume": 1235160.9, "trend": 16.842773, "fair_value": 17.494316, "relative_strength": -2.604343, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.318032, "energy": 55.934498, "activity_lines": [ 19.222013, 18.53773, 17.725737, 17.314129 ] }, { "date": "2024-04-05", "close": 19.601503, "volume": 291816, "typical_volume": 1232527.5, "trend": 16.97477, "fair_value": 17.516337, "relative_strength": -0.338737, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.359677, "energy": 50.606129, "activity_lines": [ 19.274812, 18.844622, 17.955081, 17.492112 ] }, { "date": "2024-04-12", "close": 20.096491, "volume": 1780298, "typical_volume": 1315137.7, "trend": 17.101817, "fair_value": 17.542698, "relative_strength": 0.218993, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.868702, "energy": 48.538364, "activity_lines": [ 19.565204, 19.185714, 18.213181, 17.693513 ] }, { "date": "2024-04-19", "close": 20.294485, "volume": 1381238, "typical_volume": 1356895.05, "trend": 17.230513, "fair_value": 17.567993, "relative_strength": 7.348769, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.434966, "energy": 48.320567, "activity_lines": [ 19.845697, 19.497106, 18.472225, 17.899492 ] }, { "date": "2024-04-26", "close": 21.234962, "volume": 2552739, "typical_volume": 1456132.0, "trend": 17.395509, "fair_value": 17.593771, "relative_strength": 8.879109, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.253088, "energy": 53.073143, "activity_lines": [ 20.396783, 19.905695, 18.804809, 18.157843 ] }, { "date": "2024-05-03", "close": 22.373434, "volume": 1941967, "typical_volume": 1540471.05, "trend": 17.626503, "fair_value": 17.625387, "relative_strength": 13.415598, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.705463, "energy": 68.735569, "activity_lines": [ 21.165664, 20.433082, 19.221777, 18.478999 ] }, { "date": "2024-05-10", "close": 20.096491, "volume": 1656338, "typical_volume": 1610550.4, "trend": 17.7585, "fair_value": 17.642115, "relative_strength": 0.176533, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.159449, "energy": 46.95817, "activity_lines": [ 20.957769, 20.435782, 19.393373, 18.638354 ] }, { "date": "2024-05-17", "close": 20.492481, "volume": 652001, "typical_volume": 1638654.85, "trend": 17.883897, "fair_value": 17.652624, "relative_strength": -0.33925, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.130402, "energy": 42.658761, "activity_lines": [ 20.848872, 20.52128, 19.585239, 18.814739 ] }, { "date": "2024-05-24", "close": 18.611528, "volume": 708335, "typical_volume": 1667416.8, "trend": 17.966395, "fair_value": 17.677348, "relative_strength": -10.506814, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.436356, "energy": 23.423704, "activity_lines": [ 20.086591, 20.236887, 19.579818, 18.861683 ] }, { "date": "2024-05-31", "close": 19.156015, "volume": 656122, "typical_volume": 1696970.95, "trend": 18.067042, "fair_value": 17.698556, "relative_strength": -6.033726, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.390908, "energy": 20.117976, "activity_lines": [ 19.618003, 20.070392, 19.617532, 18.938433 ] }, { "date": "2024-06-07", "close": 20.046991, "volume": 915849, "typical_volume": 1733759.65, "trend": 18.195739, "fair_value": 17.725184, "relative_strength": -4.611979, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.385766, "energy": 20.246764, "activity_lines": [ 19.585003, 20.059592, 19.728079, 19.066172 ] }, { "date": "2024-06-14", "close": 20.492481, "volume": 898288, "typical_volume": 1774415.05, "trend": 18.354135, "fair_value": 17.754083, "relative_strength": -5.20066, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.020347, "energy": 21.10057, "activity_lines": [ 19.855597, 20.11269, 19.864789, 19.214349 ] }, { "date": "2024-06-21", "close": 20.244987, "volume": 699009, "typical_volume": 1800114.4, "trend": 18.484482, "fair_value": 17.770888, "relative_strength": -9.154539, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.705994, "energy": 20.401876, "activity_lines": [ 20.017293, 20.104591, 19.959073, 19.336339 ] }, { "date": "2024-06-28", "close": 20.046991, "volume": 739201, "typical_volume": 1836266.45, "trend": 18.588429, "fair_value": 17.787298, "relative_strength": -8.994639, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.851099, "energy": 26.542517, "activity_lines": [ 20.12949, 20.057792, 20.016586, 19.437146 ] }, { "date": "2024-07-05", "close": 20.5, "volume": 773221, "typical_volume": 1874175.8, "trend": 18.732226, "fair_value": 17.806029, "relative_strength": -8.780645, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.084795, "energy": 26.658403, "activity_lines": [ 20.296992, 20.097858, 20.099092, 19.560473 ] }, { "date": "2024-07-12", "close": 19.85, "volume": 488058, "typical_volume": 1891307.8, "trend": 18.847756, "fair_value": 17.806873, "relative_strength": -12.791269, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.076909, "energy": 20.476079, "activity_lines": [ 20.158229, 20.033105, 20.100095, 19.632588 ] }, { "date": "2024-07-19", "close": 23.950001, "volume": 3736951, "typical_volume": 1963210.4, "trend": 19.098304, "fair_value": 17.8448, "relative_strength": 9.852776, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.931932, "energy": 63.956995, "activity_lines": [ 21.399265, 20.759688, 20.474598, 19.961765 ] }, { "date": "2024-07-26", "close": 23.9, "volume": 5600621, "typical_volume": 1506000.35, "trend": 19.338934, "fair_value": 17.876276, "relative_strength": 13.017757, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.531359, "energy": 76.064837, "activity_lines": [ 22.393133, 21.407115, 20.828818, 20.271552 ] }, { "date": "2024-08-02", "close": 24.15, "volume": 9098726, "typical_volume": 1815081.15, "trend": 19.584599, "fair_value": 17.899138, "relative_strength": 16.458392, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.828939, "energy": 79.12212, "activity_lines": [ 23.226667, 22.038043, 21.183313, 20.581943 ] }, { "date": "2024-08-09", "close": 21.65, "volume": 1821485, "typical_volume": 1853436.7, "trend": 19.751879, "fair_value": 17.883497, "relative_strength": 5.166952, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.862819, "energy": 70.800628, "activity_lines": [ 22.953333, 22.113725, 21.27829, 20.715195 ] }, { "date": "2024-08-16", "close": 21.700001, "volume": 1086453, "typical_volume": 1873935.8, "trend": 19.920827, "fair_value": 17.867008, "relative_strength": 1.347897, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.346505, "energy": 41.84082, "activity_lines": [ 22.62, 22.153154, 21.364503, 20.84088 ] }, { "date": "2024-08-23", "close": 20.9, "volume": 2657731, "typical_volume": 1992231.55, "trend": 20.066407, "fair_value": 17.852398, "relative_strength": -1.486801, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.227118, "energy": 22.458442, "activity_lines": [ 21.896667, 22.017072, 21.362175, 20.904052 ] }, { "date": "2024-08-30", "close": 21.4, "volume": 602315, "typical_volume": 1933332.4, "trend": 20.230305, "fair_value": 17.831943, "relative_strength": 0.370555, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.981108, "energy": 18.834849, "activity_lines": [ 21.543334, 21.964491, 21.401283, 20.990091 ] }, { "date": "2024-09-06", "close": 19.200001, "volume": 766816, "typical_volume": 1902611.3, "trend": 20.329118, "fair_value": 17.789795, "relative_strength": -6.358684, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.140766, "energy": 14.856391, "activity_lines": [ 20.623334, 21.490909, 21.22466, 20.923619 ] }, { "date": "2024-09-13", "close": 18.799999, "volume": 630708, "typical_volume": 1806509.75, "trend": 20.409649, "fair_value": 17.757636, "relative_strength": -9.497654, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -24.792348, "energy": 25.602514, "activity_lines": [ 19.9, 20.96, 21.015153, 20.824967 ] }, { "date": "2024-09-20", "close": 19.4, "volume": 458861, "typical_volume": 1732354.45, "trend": 20.513479, "fair_value": 17.734286, "relative_strength": -8.053358, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -18.675008, "energy": 25.786551, "activity_lines": [ 19.566667, 20.569091, 20.874385, 20.759828 ] }, { "date": "2024-09-27", "close": 18.450001, "volume": 644104, "typical_volume": 1681742.75, "trend": 20.438797, "fair_value": 17.709516, "relative_strength": -14.774983, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.458969, "energy": 38.690135, "activity_lines": [ 19.07, 20.013637, 20.657299, 20.6267 ] }, { "date": "2024-10-04", "close": 17.9, "volume": 145711, "typical_volume": 1656428.25, "trend": 20.403529, "fair_value": 17.675675, "relative_strength": -15.160029, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.423666, "energy": 49.704159, "activity_lines": [ 18.553334, 19.458182, 20.395673, 20.462907 ] }, { "date": "2024-10-11", "close": 17.4, "volume": 203131, "typical_volume": 1631168.05, "trend": 20.328496, "fair_value": 17.636585, "relative_strength": -19.35592, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -68.099074, "energy": 60.968494, "activity_lines": [ 18.103333, 18.920909, 20.098773, 20.269131 ] }, { "date": "2024-10-18", "close": 16.6, "volume": 273364, "typical_volume": 1612030.15, "trend": 20.254845, "fair_value": 17.599957, "relative_strength": -24.502957, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.930132, "energy": 71.341896, "activity_lines": [ 17.506667, 18.360909, 19.731452, 20.028583 ] }, { "date": "2024-10-25", "close": 18.299999, "volume": 796409, "typical_volume": 1606058.15, "trend": 20.227961, "fair_value": 17.593784, "relative_strength": -15.902745, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.461639, "energy": 61.263423, "activity_lines": [ 17.623333, 18.201818, 19.538207, 19.902464 ] }, { "date": "2024-11-01", "close": 19.299999, "volume": 1084127, "typical_volume": 1615350.1, "trend": 20.217911, "fair_value": 17.594897, "relative_strength": -8.849306, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.809142, "energy": 40.280389, "activity_lines": [ 18.146666, 18.286363, 19.448519, 19.842595 ] }, { "date": "2024-11-08", "close": 18.700001, "volume": 774237, "typical_volume": 1619111.5, "trend": 20.171362, "fair_value": 17.584867, "relative_strength": -14.271736, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.784008, "energy": 29.066332, "activity_lines": [ 18.413333, 18.290909, 19.307367, 19.744665 ] }, { "date": "2024-11-15", "close": 17.75, "volume": 475869, "typical_volume": 1605944.9, "trend": 20.086545, "fair_value": 17.560864, "relative_strength": -15.489227, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.180631, "energy": 25.741351, "activity_lines": [ 18.31, 18.171818, 19.083095, 19.588449 ] }, { "date": "2024-11-22", "close": 17.700001, "volume": 255252, "typical_volume": 1580046.45, "trend": 19.968713, "fair_value": 17.543256, "relative_strength": -16.020717, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.482381, "energy": 28.537401, "activity_lines": [ 18.166667, 18.07, 18.865, 19.434478 ] }, { "date": "2024-11-29", "close": 17.700001, "volume": 304082, "typical_volume": 1570847.65, "trend": 19.812932, "fair_value": 17.530026, "relative_strength": -13.28119, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.217494, "energy": 39.697391, "activity_lines": [ 17.950001, 17.988182, 18.660238, 19.288109 ] }, { "date": "2024-12-06", "close": 16.6, "volume": 405032, "typical_volume": 1404251.7, "trend": 19.696383, "fair_value": 17.513248, "relative_strength": -21.58008, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.846829, "energy": 65.428942, "activity_lines": [ 17.406667, 17.737273, 18.360953, 19.080823 ] }, { "date": "2024-12-13", "close": 16.0, "volume": 286236, "typical_volume": 1138532.45, "trend": 19.546633, "fair_value": 17.492623, "relative_strength": -23.473123, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.399467, "energy": 76.342114, "activity_lines": [ 16.843334, 17.410909, 18.039524, 18.842347 ] }, { "date": "2024-12-20", "close": 15.0, "volume": 331572, "typical_volume": 700174.75, "trend": 19.426249, "fair_value": 17.460334, "relative_strength": -26.211856, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.554168, "energy": 85.705758, "activity_lines": [ 16.126667, 16.937273, 17.660476, 18.549016 ] }, { "date": "2024-12-27", "close": 15.45, "volume": 104231, "typical_volume": 614312.05, "trend": 19.302715, "fair_value": 17.430638, "relative_strength": -26.078018, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.456184, "energy": 85.691097, "activity_lines": [ 15.743333, 16.589091, 17.367857, 18.292484 ] }, { "date": "2025-01-03", "close": 15.15, "volume": 138105, "typical_volume": 566894.65, "trend": 19.139482, "fair_value": 17.400478, "relative_strength": -25.880308, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.104874, "energy": 85.906564, "activity_lines": [ 15.41, 16.207273, 17.076191, 18.024567 ] }, { "date": "2025-01-10", "close": 14.65, "volume": 309737, "typical_volume": 449494.95, "trend": 18.944733, "fair_value": 17.366529, "relative_strength": -28.164357, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.031597, "energy": 84.669282, "activity_lines": [ 15.08, 15.791818, 16.768095, 17.734923 ] }, { "date": "2025-01-17", "close": 14.35, "volume": 184022, "typical_volume": 428580.3, "trend": 18.748233, "fair_value": 17.33416, "relative_strength": -29.559276, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.008029, "energy": 79.804772, "activity_lines": [ 14.78, 15.406364, 16.461191, 17.438488 ] }, { "date": "2025-01-24", "close": 14.75, "volume": 22060, "typical_volume": 391342.5, "trend": 18.571667, "fair_value": 17.308734, "relative_strength": -28.299981, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.59586, "energy": 73.46549, "activity_lines": [ 14.723333, 15.172727, 16.225952, 17.180538 ] }, { "date": "2025-02-07", "close": 14.95, "volume": 399547, "typical_volume": 379784.45, "trend": 18.386667, "fair_value": 17.290137, "relative_strength": -26.737292, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.736414, "energy": 62.906524, "activity_lines": [ 14.75, 15.03, 16.030952, 16.946882 ] }, { "date": "2025-02-14", "close": 15.4, "volume": 463471, "typical_volume": 380014.95, "trend": 18.238333, "fair_value": 17.277051, "relative_strength": -23.075607, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.753028, "energy": 55.943689, "activity_lines": [ 14.96, 15.019091, 15.897143, 16.754194 ] }, { "date": "2025-02-21", "close": 17.200001, "volume": 749812, "typical_volume": 385300.35, "trend": 18.013333, "fair_value": 17.265287, "relative_strength": -15.884501, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.301297, "energy": 23.529643, "activity_lines": [ 15.753334, 15.377273, 15.95381, 16.687204 ] }, { "date": "2025-02-28", "close": 17.049999, "volume": 338001, "typical_volume": 394914.85, "trend": 17.785, "fair_value": 17.257815, "relative_strength": -13.933774, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.640695, "energy": 23.027088, "activity_lines": [ 16.326667, 15.697273, 16.002143, 16.625054 ] }, { "date": "2025-03-07", "close": 16.85, "volume": 195033, "typical_volume": 394509.95, "trend": 17.541667, "fair_value": 17.249062, "relative_strength": -12.467466, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.661056, "energy": 25.442963, "activity_lines": [ 16.653333, 15.961818, 16.035476, 16.564731 ] }, { "date": "2025-03-14", "close": 16.299999, "volume": 389017, "typical_volume": 400292.6, "trend": 17.363333, "fair_value": 17.234155, "relative_strength": -12.554629, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -3.744512, "energy": 23.719754, "activity_lines": [ 16.656666, 16.092727, 16.019048, 16.484624 ] }, { "date": "2025-03-21", "close": 16.6, "volume": 448177, "typical_volume": 382881.0, "trend": 17.193333, "fair_value": 17.222632, "relative_strength": -11.407877, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.097858, "energy": 19.081314, "activity_lines": [ 16.67, 16.262727, 16.032619, 16.435376 ] }, { "date": "2025-03-28", "close": 15.45, "volume": 701278, "typical_volume": 363738.55, "trend": 17.011667, "fair_value": 17.201693, "relative_strength": -14.814653, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.493207, "energy": 12.610152, "activity_lines": [ 16.22, 16.197273, 15.944762, 16.322903 ] }, { "date": "2025-04-04", "close": 14.8, "volume": 182331, "typical_volume": 334143.25, "trend": 16.791667, "fair_value": 17.174544, "relative_strength": -16.761071, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.589535, "energy": 34.384406, "activity_lines": [ 15.67, 15.999091, 15.813333, 16.180215 ] }, { "date": "2025-04-11", "close": 12.65, "volume": 827213, "typical_volume": 351710.45, "trend": 16.573333, "fair_value": 17.132153, "relative_strength": -21.837739, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.300838, "energy": 72.724519, "activity_lines": [ 14.553333, 15.401818, 15.495714, 15.913011 ] }, { "date": "2025-04-18", "close": 13.1, "volume": 312038, "typical_volume": 354549.75, "trend": 16.383333, "fair_value": 17.096442, "relative_strength": -17.93985, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.481298, "energy": 81.482428, "activity_lines": [ 13.866667, 14.924545, 15.245238, 15.688925 ] }, { "date": "2025-04-25", "close": 13.0, "volume": 114089, "typical_volume": 345050.1, "trend": 16.17, "fair_value": 17.06009, "relative_strength": -19.802125, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.972552, "energy": 83.392511, "activity_lines": [ 13.36, 14.462727, 15.007143, 15.470645 ] }, { "date": "2025-05-02", "close": 13.5, "volume": 180118, "typical_volume": 333804.4, "trend": 16.005, "fair_value": 17.027527, "relative_strength": -19.613649, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.860603, "energy": 79.396754, "activity_lines": [ 13.26, 14.135454, 14.839048, 15.298387 ] }, { "date": "2025-05-09", "close": 14.65, "volume": 911564, "typical_volume": 365070.8, "trend": 15.896667, "fair_value": 17.004671, "relative_strength": -12.46371, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.026926, "energy": 52.835572, "activity_lines": [ 13.673333, 14.084545, 14.795238, 15.210968 ] }, { "date": "2025-05-16", "close": 13.7, "volume": 379010, "typical_volume": 367442.7, "trend": 15.773333, "fair_value": 16.975141, "relative_strength": -20.96832, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.549067, "energy": 41.939825, "activity_lines": [ 13.78, 13.904545, 14.667381, 15.069247 ] }, { "date": "2025-05-23", "close": 13.7, "volume": 271021, "typical_volume": 375782.2, "trend": 15.676667, "fair_value": 16.946488, "relative_strength": -19.624359, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.54669, "energy": 33.270139, "activity_lines": [ 13.816667, 13.781818, 14.545714, 14.935484 ] }, { "date": "2025-05-30", "close": 13.2, "volume": 300008, "typical_volume": 383877.35, "trend": 15.506667, "fair_value": 16.914629, "relative_strength": -20.979203, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.941633, "energy": 34.905781, "activity_lines": [ 13.646667, 13.615455, 14.384762, 14.775699 ] }, { "date": "2025-06-06", "close": 13.15, "volume": 118664, "typical_volume": 374323.7, "trend": 15.301667, "fair_value": 16.884493, "relative_strength": -21.845779, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.805779, "energy": 42.725507, "activity_lines": [ 13.446667, 13.501818, 14.228333, 14.623656 ] }, { "date": "2025-06-13", "close": 13.1, "volume": 263875, "typical_volume": 378316.35, "trend": 15.115, "fair_value": 16.852284, "relative_strength": -22.98008, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.86961, "energy": 46.336852, "activity_lines": [ 13.253333, 13.420909, 14.074286, 14.481613 ] }, { "date": "2025-06-20", "close": 12.1, "volume": 266126, "typical_volume": 390519.65, "trend": 14.926667, "fair_value": 16.818045, "relative_strength": -28.122786, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.99941, "energy": 63.807131, "activity_lines": [ 12.83, 13.189091, 13.830952, 14.287097 ] }, { "date": "2025-06-27", "close": 13.15, "volume": 235035, "typical_volume": 382294.05, "trend": 14.775, "fair_value": 16.802073, "relative_strength": -23.17633, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.209434, "energy": 49.935112, "activity_lines": [ 12.863333, 13.158182, 13.700238, 14.172473 ] }, { "date": "2025-07-04", "close": 13.2, "volume": 244296, "typical_volume": 371335.3, "trend": 14.625, "fair_value": 16.783566, "relative_strength": -22.210465, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.01278, "energy": 40.650122, "activity_lines": [ 12.95, 13.135455, 13.582857, 14.07086 ] }, { "date": "2025-07-11", "close": 12.4, "volume": 191211, "typical_volume": 343405.25, "trend": 14.485, "fair_value": 16.760565, "relative_strength": -26.971827, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.320257, "energy": 54.965024, "activity_lines": [ 12.77, 12.963636, 13.399762, 13.927312 ] }, { "date": "2025-07-18", "close": 12.4, "volume": 176869, "typical_volume": 335348.65, "trend": 14.365, "fair_value": 16.731536, "relative_strength": -28.393049, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.693354, "energy": 46.414899, "activity_lines": [ 12.64, 12.811818, 13.239524, 13.792796 ] }, { "date": "2025-07-25", "close": 12.25, "volume": 342185, "typical_volume": 342706.25, "trend": 14.273333, "fair_value": 16.707257, "relative_strength": -28.227832, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.94329, "energy": 54.078116, "activity_lines": [ 12.506667, 12.673636, 13.087143, 13.656344 ] }, { "date": "2025-08-01", "close": 12.3, "volume": 64059, "typical_volume": 326458.35, "trend": 14.168333, "fair_value": 16.680759, "relative_strength": -27.083579, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.526372, "energy": 61.298408, "activity_lines": [ 12.38, 12.570909, 12.961429, 13.529032 ] }, { "date": "2025-08-08", "close": 12.5, "volume": 153298, "typical_volume": 311714.4, "trend": 14.08, "fair_value": 16.653958, "relative_strength": -26.539247, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.609447, "energy": 50.235397, "activity_lines": [ 12.376667, 12.53, 12.87381, 13.421398 ] }, { "date": "2025-08-15", "close": 12.35, "volume": 265256, "typical_volume": 289913.3, "trend": 14.003333, "fair_value": 16.626194, "relative_strength": -27.367246, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.509798, "energy": 44.996186, "activity_lines": [ 12.37, 12.474545, 12.791429, 13.309785 ] }, { "date": "2025-08-22", "close": 12.15, "volume": 196010, "typical_volume": 290597.25, "trend": 13.93, "fair_value": 16.599687, "relative_strength": -25.891972, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.848851, "energy": 44.603646, "activity_lines": [ 12.3, 12.397273, 12.704762, 13.190215 ] }, { "date": "2025-08-29", "close": 12.0, "volume": 248755, "typical_volume": 261674.35, "trend": 13.838333, "fair_value": 16.569363, "relative_strength": -27.314562, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.362912, "energy": 44.873791, "activity_lines": [ 12.196667, 12.31, 12.616429, 13.065699 ] }, { "date": "2025-09-05", "close": 12.65, "volume": 440384, "typical_volume": 268091.65, "trend": 13.761667, "fair_value": 16.543523, "relative_strength": -23.232002, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.429087, "energy": 35.231221, "activity_lines": [ 12.326667, 12.342727, 12.593095, 12.989032 ] }, { "date": "2025-09-12", "close": 12.2, "volume": 315453, "typical_volume": 278159.85, "trend": 13.655, "fair_value": 16.508769, "relative_strength": -27.952781, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.315219, "energy": 35.111075, "activity_lines": [ 12.283333, 12.302727, 12.529048, 12.88828 ] }, { "date": "2025-09-19", "close": 12.15, "volume": 273593, "typical_volume": 282833.6, "trend": 13.486667, "fair_value": 16.481628, "relative_strength": -27.725705, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.349742, "energy": 34.45889, "activity_lines": [ 12.243333, 12.271818, 12.464048, 12.791183 ] }, { "date": "2025-09-26", "close": 12.2, "volume": 225801, "typical_volume": 248545.45, "trend": 13.325, "fair_value": 16.45322, "relative_strength": -26.5776, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.268205, "energy": 31.320384, "activity_lines": [ 12.233333, 12.254545, 12.410238, 12.708172 ] }, { "date": "2025-10-03", "close": 12.3, "volume": 175172, "typical_volume": 238353.55, "trend": 13.173333, "fair_value": 16.427675, "relative_strength": -28.503587, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.197653, "energy": 30.531912, "activity_lines": [ 12.253333, 12.259091, 12.377619, 12.642043 ] }, { "date": "2025-10-10", "close": 12.6, "volume": 303800, "typical_volume": 239992.5, "trend": 13.05, "fair_value": 16.406908, "relative_strength": -27.470638, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.113743, "energy": 20.831035, "activity_lines": [ 12.353333, 12.317273, 12.380238, 12.605054 ] }, { "date": "2025-10-17", "close": 12.8, "volume": 198708, "typical_volume": 234927.5, "trend": 12.923333, "fair_value": 16.386472, "relative_strength": -25.666965, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.29689, "energy": 11.928874, "activity_lines": [ 12.523333, 12.406364, 12.407143, 12.588925 ] }, { "date": "2025-10-24", "close": 12.7, "volume": 225139, "typical_volume": 240251.25, "trend": 12.831667, "fair_value": 16.367932, "relative_strength": -26.311948, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.230476, "energy": 11.962999, "activity_lines": [ 12.62, 12.471818, 12.426429, 12.574516 ] }, { "date": "2025-10-31", "close": 12.65, "volume": 217659, "typical_volume": 237940.45, "trend": 12.76, "fair_value": 16.347169, "relative_strength": -27.67877, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.837058, "energy": 13.855666, "activity_lines": [ 12.663333, 12.521818, 12.443095, 12.562796 ] }, { "date": "2025-11-07", "close": 12.2, "volume": 225025, "typical_volume": 235885.4, "trend": 12.745, "fair_value": 16.326059, "relative_strength": -27.874542, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.829402, "energy": 12.262119, "activity_lines": [ 12.526667, 12.480909, 12.419048, 12.526667 ] }, { "date": "2025-11-14", "close": 12.3, "volume": 400535, "typical_volume": 244160.4, "trend": 12.718333, "fair_value": 16.300197, "relative_strength": -25.804782, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.57499, "energy": 13.763069, "activity_lines": [ 12.43, 12.454545, 12.404048, 12.497957 ] }, { "date": "2025-11-21", "close": 11.95, "volume": 289000, "typical_volume": 246395.6, "trend": 12.683333, "fair_value": 16.271138, "relative_strength": -24.50327, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.643187, "energy": 25.145356, "activity_lines": [ 12.236667, 12.370909, 12.359762, 12.448387 ] }, { "date": "2025-11-28", "close": 13.5, "volume": 236209, "typical_volume": 248645.5, "trend": 12.683333, "fair_value": 16.254554, "relative_strength": -17.637806, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.403722, "energy": 3.462353, "activity_lines": [ 12.616667, 12.573636, 12.469048, 12.501075 ] }, { "date": "2025-12-05", "close": 13.2, "volume": 229831, "typical_volume": 251293.6, "trend": 12.635, "fair_value": 16.236365, "relative_strength": -19.646051, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.599791, "energy": 28.878931, "activity_lines": [ 12.843333, 12.697273, 12.544524, 12.534409 ] }, { "date": "2025-12-12", "close": 13.2, "volume": 93271, "typical_volume": 238847.9, "trend": 12.618333, "fair_value": 16.21754, "relative_strength": -19.612798, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.752534, "energy": 41.508847, "activity_lines": [ 13.033333, 12.802727, 12.61619, 12.57086 ] }, { "date": "2025-12-19", "close": 12.9, "volume": 278518, "typical_volume": 249570.85, "trend": 12.591667, "fair_value": 16.197428, "relative_strength": -19.406603, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 24.137333, "energy": 39.495821, "activity_lines": [ 13.056667, 12.837273, 12.654762, 12.589032 ] }, { "date": "2025-12-26", "close": 12.95, "volume": 272622, "typical_volume": 255537.05, "trend": 12.583333, "fair_value": 16.182078, "relative_strength": -20.970069, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 50.381573, "energy": 46.975067, "activity_lines": [ 13.056667, 12.875455, 12.695238, 12.612151 ] }, { "date": "2026-01-02", "close": 13.25, "volume": 178088, "typical_volume": 251178.65, "trend": 12.586667, "fair_value": 16.16643, "relative_strength": -20.762359, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.306561, "energy": 40.514245, "activity_lines": [ 13.09, 12.965455, 12.762143, 12.655161 ] }, { "date": "2026-01-09", "close": 13.5, "volume": 333238, "typical_volume": 258040.05, "trend": 12.6, "fair_value": 16.155557, "relative_strength": -21.197001, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.969501, "energy": 36.284506, "activity_lines": [ 13.223333, 13.090909, 12.848571, 12.714086 ] }, { "date": "2026-01-16", "close": 13.4, "volume": 270217, "typical_volume": 259113.15, "trend": 12.643333, "fair_value": 16.14563, "relative_strength": -24.02684, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.919254, "energy": 39.183452, "activity_lines": [ 13.303333, 13.182727, 12.919048, 12.765699 ] }, { "date": "2026-01-23", "close": 13.1, "volume": 184552, "typical_volume": 246321.55, "trend": 12.641667, "fair_value": 16.134097, "relative_strength": -26.483523, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.787332, "energy": 33.328468, "activity_lines": [ 13.27, 13.198182, 12.954286, 12.795161 ] }, { "date": "2026-01-30", "close": 13.1, "volume": 87543, "typical_volume": 234926.05, "trend": 12.638333, "fair_value": 16.121295, "relative_strength": -26.161637, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.338389, "energy": 29.769629, "activity_lines": [ 13.223333, 13.199091, 12.987381, 12.824731 ] }, { "date": "2026-02-06", "close": 13.05, "volume": 119711, "typical_volume": 227231.95, "trend": 12.66, "fair_value": 16.104048, "relative_strength": -25.205619, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 37.727262, "energy": 20.027246, "activity_lines": [ 13.15, 13.17, 13.011429, 12.85129 ] }, { "date": "2026-02-13", "close": 13.0, "volume": 142200, "typical_volume": 223051.9, "trend": 12.68, "fair_value": 16.091874, "relative_strength": -28.839753, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 33.200215, "energy": 15.475642, "activity_lines": [ 13.073333, 13.14, 13.026429, 12.873226 ] }, { "date": "2026-02-27", "close": 13.05, "volume": 187689, "typical_volume": 223677.75, "trend": 12.706667, "fair_value": 16.080338, "relative_strength": -31.349167, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.681718, "energy": 14.72834, "activity_lines": [ 13.046667, 13.122727, 13.042381, 12.897097 ] }, { "date": "2026-03-06", "close": 12.95, "volume": 405842, "typical_volume": 228779.85, "trend": 12.728333, "fair_value": 16.066891, "relative_strength": -27.272485, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.974549, "energy": 14.228618, "activity_lines": [ 13.01, 13.09, 13.045238, 12.912796 ] }, { "date": "2026-03-13", "close": 13.55, "volume": 388176, "typical_volume": 238253.25, "trend": 12.763333, "fair_value": 16.057291, "relative_strength": -22.490775, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 54.052025, "energy": 24.18822, "activity_lines": [ 13.183333, 13.165455, 13.103571, 12.965806 ] }, { "date": "2026-03-20", "close": 14.45, "volume": 497074, "typical_volume": 251850.0, "trend": 12.833333, "fair_value": 16.050922, "relative_strength": -16.744338, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 73.282931, "energy": 57.142789, "activity_lines": [ 13.626667, 13.393636, 13.244048, 13.074624 ] }, { "date": "2026-03-27", "close": 14.4, "volume": 1199060, "typical_volume": 300920.05, "trend": 12.908333, "fair_value": 16.047405, "relative_strength": -14.963915, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.496584, "energy": 66.633783, "activity_lines": [ 13.96, 13.590909, 13.371429, 13.175699 ] }, { "date": "2026-04-03", "close": 14.3, "volume": 808610, "typical_volume": 330099.3, "trend": 12.985, "fair_value": 16.043247, "relative_strength": -13.253217, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.597416, "energy": 63.813829, "activity_lines": [ 14.166667, 13.753636, 13.480952, 13.265484 ] }, { "date": "2026-04-10", "close": 14.55, "volume": 521585, "typical_volume": 336151.8, "trend": 13.048333, "fair_value": 16.040692, "relative_strength": -17.941773, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.058169, "energy": 67.095655, "activity_lines": [ 14.373333, 13.945455, 13.604286, 13.366452 ] }, { "date": "2026-04-17", "close": 14.45, "volume": 377007, "typical_volume": 340552.15, "trend": 13.123333, "fair_value": 16.037813, "relative_strength": -20.799606, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.843403, "energy": 56.545871, "activity_lines": [ 14.44, 14.092727, 13.707381, 13.456882 ] }, { "date": "2026-04-24", "close": 13.8, "volume": 436076, "typical_volume": 350545.5, "trend": 13.178333, "fair_value": 16.02696, "relative_strength": -27.595093, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.024405, "energy": 36.248021, "activity_lines": [ 14.23, 14.097273, 13.736667, 13.500538 ] }, { "date": "2026-05-01", "close": 13.7, "volume": 207143, "typical_volume": 349411.1, "trend": 13.228333, "fair_value": 16.016735, "relative_strength": -27.245381, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.360592, "energy": 24.233437, "activity_lines": [ 14.03, 14.07, 13.755, 13.534194 ] }, { "date": "2026-05-08", "close": 14.2, "volume": 554530, "typical_volume": 372474.05, "trend": 13.291667, "fair_value": 16.008446, "relative_strength": -28.56796, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.515553, "energy": 20.131136, "activity_lines": [ 14.043333, 14.120909, 13.818571, 13.596882 ] }, { "date": "2026-05-15", "close": 13.15, "volume": 759317, "typical_volume": 396514.0, "trend": 13.31, "fair_value": 15.987714, "relative_strength": -32.115369, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 21.728874, "energy": 14.171582, "activity_lines": [ 13.713333, 13.96, 13.777381, 13.587742 ] }, { "date": "2026-05-22", "close": 12.85, "volume": 119087, "typical_volume": 388837.25, "trend": 13.311667, "fair_value": 15.965377, "relative_strength": -34.518568, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.172333, "energy": 13.867042, "activity_lines": [ 13.376667, 13.740909, 13.706429, 13.558065 ] }, { "date": "2026-05-29", "close": 12.7, "volume": 396013, "typical_volume": 399733.5, "trend": 13.311667, "fair_value": 15.938906, "relative_strength": -37.952624, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.894239, "energy": 18.916731, "activity_lines": [ 13.096667, 13.507273, 13.621667, 13.518602 ] }, { "date": "2026-06-05", "close": 14.45, "volume": 748195, "typical_volume": 420481.35, "trend": 13.371667, "fair_value": 15.924287, "relative_strength": -29.044311, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.472684, "energy": 16.272211, "activity_lines": [ 13.473333, 13.623636, 13.70619, 13.592043 ] }, { "date": "2026-06-12", "close": 14.2, "volume": 614095, "typical_volume": 437675.25, "trend": 13.438333, "fair_value": 15.909651, "relative_strength": -27.972594, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.87124, "energy": 13.784063, "activity_lines": [ 13.716667, 13.693636, 13.762381, 13.645484 ] }, { "date": "2026-06-19", "close": 15.5, "volume": 769585, "typical_volume": 466926.9, "trend": 13.545, "fair_value": 15.902398, "relative_strength": -24.417389, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 61.427648, "energy": 40.786816, "activity_lines": [ 14.393333, 14.001818, 13.938571, 13.778495 ] }, { "date": "2026-06-26", "close": 14.3, "volume": 726259, "typical_volume": 498862.7, "trend": 13.623333, "fair_value": 15.887769, "relative_strength": -26.577211, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 48.264921, "energy": 37.608555, "activity_lines": [ 14.513333, 14.074545, 13.989048, 13.827204 ] }, { "date": "2026-07-03", "close": 14.1, "volume": 461618, "typical_volume": 515958.05, "trend": 13.643333, "fair_value": 15.869637, "relative_strength": -30.158845, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 48.741972, "energy": 43.798901, "activity_lines": [ 14.47, 14.113636, 14.014762, 13.857957 ] }, { "date": "2026-07-10", "close": 13.35, "volume": 0, "typical_volume": 508848.05, "trend": 13.648333, "fair_value": 15.849871, "relative_strength": -30.898386, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.791988, "energy": 24.396727, "activity_lines": [ 14.083333, 14.010909, 13.964048, 13.839032 ] }, { "date": "2026-07-17", "close": 14.0, "volume": 511659, "typical_volume": 525046.55, "trend": 13.675, "fair_value": 15.833319, "relative_strength": -22.215093, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.891272, "energy": 12.767199, "activity_lines": [ 13.986667, 14.032727, 13.973571, 13.86172 ] }, { "date": "2026-07-24", "close": 13.4, "volume": 285934, "typical_volume": 519051.15, "trend": 13.691667, "fair_value": 15.813873, "relative_strength": -26.47749, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.435533, "energy": 13.18284, "activity_lines": [ 13.703333, 13.949091, 13.921429, 13.843978 ] }, { "date": "2026-07-31", "close": 14.0, "volume": 335881, "typical_volume": 516436.4, "trend": 13.726667, "fair_value": 15.79859, "relative_strength": -21.510491, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.206873, "energy": 15.016264, "activity_lines": [ 13.76, 13.97, 13.924286, 13.863871 ] }, { "date": "2026-08-07", "close": 14.2, "volume": 277064, "typical_volume": 505435.9, "trend": 13.758333, "fair_value": 15.785541, "relative_strength": -21.637989, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.853619, "energy": 12.508063, "activity_lines": [ 13.903333, 14.006364, 13.944048, 13.894409 ] }, { "date": "2026-08-14", "close": 13.85, "volume": 327814, "typical_volume": 461873.6, "trend": 13.77, "fair_value": 15.766759, "relative_strength": -25.451099, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.482118, "energy": 9.932067, "activity_lines": [ 13.923333, 13.951818, 13.931667, 13.900323 ] } ], "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." } } }