{ "ticker": { "uuid": "3a320554-5060-4330-908a-f7442cc65c0b", "symbol": "603909", "name": "C&D Holsin Engineering Consulting Co., Ltd", "exchange": "SHH", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "000001.SS", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -63.745, "architecture_energy": 66.695, "architecture_maturity": 37.35, "architecture_confidence": 96, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 8.22, "rotation_up": 24.61, "upward_expansion": 14.58, "deceleration": 42.55, "rotation_down": 56.26, "downward_expansion": 87.91 }, "activity_lines": [ 8.705333, 8.800909, 9.619655, 10.124523 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 9.11, "trend_reference": 10.677767, "distance_from_trend": -0.146825, "trend_direction": "Weakening", "fair_value": 9.972242, "distance_from_fair_value": -0.086464, "fair_value_direction": "Weakening", "relative_strength": -15.949417, "relative_strength_direction": "Weakening", "price_momentum": -0.202026, "excess_performance": -0.158822, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.146825, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.085852, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.086464, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.285123, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.159494, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.189007, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.202026, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.27244, "read": "Supply-led" } ], "volume": { "latest": 12245050, "relative_activity": 0.593674, "balance": 0.27244, "dry_up": 0.655176, "accumulation_observations": 0, "distribution_observations": 0 }, "risk": { "range_context": 0.083145, "annualized_volatility": 0.444481, "from_high_reference": -0.379115, "from_low_reference": 0.153165 }, "levels": { "trend_reference": 10.677767, "fair_value_reference": 9.972242, "structural_low": 7.9, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 21, "median_return": -0.034925, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.014828, "regime_survival": 0.857143, "best_return": 0.207547, "worst_return": -0.135861, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.066318, "positive_rate": 0.285714, "directional_follow_through": 0.714286, "median_excess_return": -0.066606, "regime_survival": 0.571429, "best_return": 0.34486, "worst_return": -0.198394, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.057234, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.109376, "regime_survival": 0.25, "best_return": 0.764607, "worst_return": -0.237349, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.07598, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.051899, "regime_survival": 0.0, "best_return": 0.34578, "worst_return": -0.193819, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-03-10", "end": "2023-08-25", "tenure": "Established", "return": 0.071584, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-09-01", "end": "2023-10-13", "tenure": "Developing", "return": -0.069786, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-10-20", "end": "2023-11-17", "tenure": "Developing", "return": 0.052863, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-11-24", "end": "2024-05-03", "tenure": "Established", "return": -0.150125, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-10", "end": "2024-06-14", "tenure": "Developing", "return": -0.135509, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-21", "end": "2024-10-25", "tenure": "Established", "return": 0.06078, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-11-01", "end": "2024-12-06", "tenure": "Developing", "return": 0.068965, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-13", "end": "2025-01-10", "tenure": "Developing", "return": -0.137014, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-17", "end": "2025-06-27", "tenure": "Established", "return": 0.101952, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-04", "end": "2026-01-09", "tenure": "Extended", "return": 0.189886, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-16", "end": "2026-03-27", "tenure": "Developing", "return": -0.033275, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-03", "end": "2026-04-10", "tenure": "New", "return": 0.1612, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-17", "end": "2026-06-05", "tenure": "Developing", "return": -0.250568, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-12", "end": "2026-08-07", "tenure": "Developing", "return": -0.061792, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 13.950736, "volume": 7867717, "typical_volume": 9739689.4, "trend": 10.806874, "fair_value": 9.651123, "relative_strength": 39.899198, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.170037, "energy": 64.526931, "activity_lines": [ 13.558492, 13.215959, 12.42233, 11.795111 ] }, { "date": "2023-08-04", "close": 14.134298, "volume": 4620920, "typical_volume": 9070457.35, "trend": 11.033104, "fair_value": 9.688848, "relative_strength": 39.929522, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.612423, "energy": 64.440651, "activity_lines": [ 13.808394, 13.450111, 12.646625, 12.009784 ] }, { "date": "2023-08-11", "close": 13.042585, "volume": 4737697, "typical_volume": 8488917.4, "trend": 11.218136, "fair_value": 9.718764, "relative_strength": 32.083718, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.737757, "energy": 53.887528, "activity_lines": [ 13.610662, 13.432018, 12.749507, 12.139428 ] }, { "date": "2023-08-18", "close": 12.472576, "volume": 9910023, "typical_volume": 7656239.55, "trend": 11.384168, "fair_value": 9.744432, "relative_strength": 27.708073, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.77597, "energy": 38.735568, "activity_lines": [ 13.217774, 13.292195, 12.788443, 12.22036 ] }, { "date": "2023-08-25", "close": 11.699681, "volume": 10715165, "typical_volume": 7661981.8, "trend": 11.512763, "fair_value": 9.760554, "relative_strength": 21.699316, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 21.391793, "energy": 17.468608, "activity_lines": [ 12.649053, 13.009913, 12.742935, 12.240715 ] }, { "date": "2023-09-01", "close": 12.182741, "volume": 9031516, "typical_volume": 7365984.45, "trend": 11.601611, "fair_value": 9.780554, "relative_strength": 23.105745, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.027578, "energy": 25.053117, "activity_lines": [ 12.356642, 12.843389, 12.734773, 12.28394 ] }, { "date": "2023-09-08", "close": 12.385626, "volume": 6551299, "typical_volume": 7279948.5, "trend": 11.702487, "fair_value": 9.800823, "relative_strength": 24.81048, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.95432, "energy": 21.881312, "activity_lines": [ 12.249725, 12.723415, 12.738996, 12.334521 ] }, { "date": "2023-09-15", "close": 12.714106, "volume": 26745123, "typical_volume": 8052860.5, "trend": 11.82896, "fair_value": 9.822542, "relative_strength": 27.018335, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.779003, "energy": 16.12796, "activity_lines": [ 12.36888, 12.672123, 12.765585, 12.399787 ] }, { "date": "2023-09-22", "close": 11.274591, "volume": 19297306, "typical_volume": 8821751.1, "trend": 11.906305, "fair_value": 9.83266, "relative_strength": 11.477868, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -10.193558, "energy": 16.879952, "activity_lines": [ 12.030095, 12.363668, 12.645741, 12.364021 ] }, { "date": "2023-09-29", "close": 11.612732, "volume": 8530130, "typical_volume": 8713268.8, "trend": 11.934037, "fair_value": 9.848943, "relative_strength": 14.876138, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -22.36467, "energy": 23.294951, "activity_lines": [ 11.883889, 12.160784, 12.556076, 12.345081 ] }, { "date": "2023-10-13", "close": 11.332558, "volume": 7572067, "typical_volume": 8766041.8, "trend": 11.947852, "fair_value": 9.867491, "relative_strength": 12.172309, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -26.729072, "energy": 36.27175, "activity_lines": [ 11.650089, 11.939982, 12.438532, 12.306276 ] }, { "date": "2023-10-20", "close": 10.965433, "volume": 4854433, "typical_volume": 8794060.2, "trend": 11.964307, "fair_value": 9.883186, "relative_strength": 11.557767, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.39781, "energy": 52.151384, "activity_lines": [ 11.350592, 11.700034, 12.286116, 12.242894 ] }, { "date": "2023-10-27", "close": 11.110351, "volume": 9374758, "typical_volume": 8788878.25, "trend": 11.96751, "fair_value": 9.899528, "relative_strength": 10.988646, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.102309, "energy": 48.453141, "activity_lines": [ 11.194081, 11.54405, 12.148513, 12.1878 ] }, { "date": "2023-11-03", "close": 11.177979, "volume": 5442588, "typical_volume": 8637556.45, "trend": 12.000205, "fair_value": 9.916273, "relative_strength": 10.445118, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.691705, "energy": 48.69228, "activity_lines": [ 11.16703, 11.435493, 12.021813, 12.136863 ] }, { "date": "2023-11-10", "close": 11.284252, "volume": 5602528, "typical_volume": 8250797.95, "trend": 12.046972, "fair_value": 9.933542, "relative_strength": 10.606169, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.882384, "energy": 39.187731, "activity_lines": [ 11.181844, 11.369797, 11.910894, 12.090672 ] }, { "date": "2023-11-17", "close": 11.545103, "volume": 4577692, "typical_volume": 8332576.4, "trend": 12.074281, "fair_value": 9.951266, "relative_strength": 11.956605, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -53.745434, "energy": 34.264172, "activity_lines": [ 11.305506, 11.359082, 11.834111, 12.058293 ] }, { "date": "2023-11-24", "close": 11.583749, "volume": 4056133, "typical_volume": 8200288.1, "trend": 12.109973, "fair_value": 9.969175, "relative_strength": 12.150495, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.343817, "energy": 24.791037, "activity_lines": [ 11.427881, 11.366987, 11.766575, 12.026646 ] }, { "date": "2023-12-01", "close": 11.506458, "volume": 5678158, "typical_volume": 8241849.55, "trend": 12.135078, "fair_value": 9.985152, "relative_strength": 11.123209, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.929779, "energy": 21.050489, "activity_lines": [ 11.483272, 11.375418, 11.697842, 11.98771 ] }, { "date": "2023-12-08", "close": 11.062044, "volume": 4489513, "typical_volume": 8151232.35, "trend": 12.142164, "fair_value": 9.997936, "relative_strength": 8.486258, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.032966, "energy": 25.087494, "activity_lines": [ 11.364117, 11.325004, 11.593731, 11.918482 ] }, { "date": "2023-12-15", "close": 11.216622, "volume": 6363676, "typical_volume": 8300922.1, "trend": 12.137333, "fair_value": 10.009775, "relative_strength": 10.309968, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.691447, "energy": 28.301589, "activity_lines": [ 11.304217, 11.30656, 11.516902, 11.858769 ] }, { "date": "2023-12-22", "close": 10.810854, "volume": 5330272, "typical_volume": 8174049.85, "trend": 12.119299, "fair_value": 10.019419, "relative_strength": 6.551719, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.780311, "energy": 50.730743, "activity_lines": [ 11.11357, 11.221542, 11.411963, 11.77319 ] }, { "date": "2023-12-29", "close": 10.975094, "volume": 4624877, "typical_volume": 8174247.7, "trend": 12.112536, "fair_value": 10.030147, "relative_strength": 5.216991, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.214717, "energy": 59.153862, "activity_lines": [ 11.02662, 11.175871, 11.337618, 11.69937 ] }, { "date": "2024-01-05", "close": 11.033061, "volume": 3108485, "typical_volume": 8092787.1, "trend": 12.078722, "fair_value": 10.041059, "relative_strength": 6.594905, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.33951, "energy": 55.858159, "activity_lines": [ 10.999569, 11.140563, 11.283838, 11.629727 ] }, { "date": "2024-01-12", "close": 10.839838, "volume": 5301201, "typical_volume": 7862346.0, "trend": 12.02784, "fair_value": 10.050451, "relative_strength": 5.648289, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.495204, "energy": 57.442714, "activity_lines": [ 10.93967, 11.07153, 11.221224, 11.549799 ] }, { "date": "2024-01-19", "close": 10.385762, "volume": 7169639, "typical_volume": 7685069.7, "trend": 11.932838, "fair_value": 10.064585, "relative_strength": 2.283732, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.534796, "energy": 55.991348, "activity_lines": [ 10.743226, 10.926085, 11.12314, 11.443858 ] }, { "date": "2024-01-26", "close": 10.414745, "volume": 10516414, "typical_volume": 7759314.6, "trend": 11.856193, "fair_value": 10.083277, "relative_strength": -0.834389, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.007858, "energy": 51.873787, "activity_lines": [ 10.611834, 10.802247, 11.034073, 11.345917 ] }, { "date": "2024-02-02", "close": 10.868821, "volume": 15368840, "typical_volume": 8200191.65, "trend": 11.789209, "fair_value": 10.106036, "relative_strength": 9.394391, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.10144, "energy": 39.58725, "activity_lines": [ 10.658207, 10.781519, 10.99667, 11.282215 ] }, { "date": "2024-02-09", "close": 8.318271, "volume": 18793280, "typical_volume": 7802599.5, "trend": 11.634308, "fair_value": 10.110321, "relative_strength": -20.236745, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.065247, "energy": 69.380705, "activity_lines": [ 9.861482, 10.310054, 10.723581, 11.058284 ] }, { "date": "2024-02-23", "close": 9.197439, "volume": 9129205, "typical_volume": 7294194.45, "trend": 11.484238, "fair_value": 10.118243, "relative_strength": -15.970064, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.715221, "energy": 66.486824, "activity_lines": [ 9.5388, 10.056404, 10.555155, 10.901067 ] }, { "date": "2024-03-01", "close": 9.62253, "volume": 8051645, "typical_volume": 7270270.2, "trend": 11.357355, "fair_value": 10.129952, "relative_strength": -12.918811, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.729681, "energy": 56.456202, "activity_lines": [ 9.467307, 9.913946, 10.437105, 10.780956 ] }, { "date": "2024-03-08", "close": 8.936586, "volume": 6541203, "typical_volume": 7218727.0, "trend": 11.190216, "fair_value": 10.137139, "relative_strength": -19.712553, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.660478, "energy": 73.290742, "activity_lines": [ 9.218049, 9.675754, 10.263203, 10.624778 ] }, { "date": "2024-03-15", "close": 9.535579, "volume": 6271200, "typical_volume": 7289565.35, "trend": 11.036926, "fair_value": 10.149446, "relative_strength": -14.519992, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.692126, "energy": 46.370099, "activity_lines": [ 9.266999, 9.580547, 10.157759, 10.518027 ] }, { "date": "2024-03-22", "close": 9.62253, "volume": 9826382, "typical_volume": 7312146.55, "trend": 10.922924, "fair_value": 10.162498, "relative_strength": -13.451983, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.801133, "energy": 39.169378, "activity_lines": [ 9.433815, 9.527323, 10.067404, 10.426776 ] }, { "date": "2024-03-29", "close": 9.603208, "volume": 6158527, "typical_volume": 7347943.5, "trend": 10.827278, "fair_value": 10.17402, "relative_strength": -13.401608, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.621268, "energy": 31.665752, "activity_lines": [ 9.50724, 9.496232, 9.982293, 10.341633 ] }, { "date": "2024-04-05", "close": 9.873721, "volume": 3513614, "typical_volume": 7243497.8, "trend": 10.766413, "fair_value": 10.184466, "relative_strength": -11.705651, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.907445, "energy": 22.776954, "activity_lines": [ 9.643785, 9.536809, 9.930445, 10.280113 ] }, { "date": "2024-04-12", "close": 9.361678, "volume": 8158430, "typical_volume": 7422534.7, "trend": 10.672377, "fair_value": 10.190473, "relative_strength": -14.896367, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.555721, "energy": 23.452988, "activity_lines": [ 9.592902, 9.493597, 9.836548, 10.189485 ] }, { "date": "2024-04-19", "close": 9.226421, "volume": 12055526, "typical_volume": 7822504.35, "trend": 10.567071, "fair_value": 10.194958, "relative_strength": -17.39648, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.74975, "energy": 25.390988, "activity_lines": [ 9.468595, 9.44494, 9.740166, 10.096197 ] }, { "date": "2024-04-26", "close": 9.54524, "volume": 8764663, "typical_volume": 7976829.6, "trend": 10.461442, "fair_value": 10.201517, "relative_strength": -15.133923, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.550096, "energy": 25.082758, "activity_lines": [ 9.471171, 9.484111, 9.685373, 10.030273 ] }, { "date": "2024-05-03", "close": 9.844736, "volume": 4252333, "typical_volume": 7964970.6, "trend": 10.41378, "fair_value": 10.209684, "relative_strength": -12.921188, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.027688, "energy": 20.455164, "activity_lines": [ 9.578732, 9.555428, 9.668443, 9.990485 ] }, { "date": "2024-05-10", "close": 9.844967, "volume": 8064222, "typical_volume": 8049997.9, "trend": 10.354854, "fair_value": 10.221288, "relative_strength": -14.239685, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.516359, "energy": 16.555808, "activity_lines": [ 9.670268, 9.615018, 9.657332, 9.953788 ] }, { "date": "2024-05-17", "close": 10.224743, "volume": 9617920, "typical_volume": 8264380.3, "trend": 10.317927, "fair_value": 10.23514, "relative_strength": -10.911108, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.271614, "energy": 10.948414, "activity_lines": [ 9.890313, 9.739614, 9.688921, 9.945393 ] }, { "date": "2024-05-24", "close": 9.952084, "volume": 7028766, "typical_volume": 8384574.75, "trend": 10.284149, "fair_value": 10.246056, "relative_strength": -11.340565, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.904825, "energy": 14.879457, "activity_lines": [ 9.961934, 9.791214, 9.697334, 9.921791 ] }, { "date": "2024-05-31", "close": 9.51388, "volume": 5271242, "typical_volume": 8492712.6, "trend": 10.230933, "fair_value": 10.253383, "relative_strength": -15.019166, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.842191, "energy": 13.514212, "activity_lines": [ 9.839109, 9.755568, 9.668885, 9.872096 ] }, { "date": "2024-06-07", "close": 8.588783, "volume": 11530319, "typical_volume": 8804168.5, "trend": 10.144627, "fair_value": 10.254249, "relative_strength": -22.114477, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -65.792356, "energy": 38.441993, "activity_lines": [ 9.410009, 9.553698, 9.559565, 9.766151 ] }, { "date": "2024-06-14", "close": 8.510881, "volume": 4994158, "typical_volume": 8695394.45, "trend": 10.052181, "fair_value": 10.252928, "relative_strength": -21.962963, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -70.366954, "energy": 64.510736, "activity_lines": [ 9.038673, 9.356108, 9.453546, 9.660748 ] }, { "date": "2024-06-21", "close": 8.491405, "volume": 6690248, "typical_volume": 8504086.15, "trend": 9.950391, "fair_value": 10.251483, "relative_strength": -20.824609, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.706517, "energy": 73.400457, "activity_lines": [ 8.749783, 9.179756, 9.354599, 9.560053 ] }, { "date": "2024-06-28", "close": 8.101892, "volume": 7902711, "typical_volume": 8130779.7, "trend": 9.834329, "fair_value": 10.245979, "relative_strength": -23.131369, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.060173, "energy": 80.626774, "activity_lines": [ 8.446611, 8.948407, 9.227715, 9.440795 ] }, { "date": "2024-07-05", "close": 8.072678, "volume": 5228872, "typical_volume": 7452559.3, "trend": 9.71987, "fair_value": 10.240976, "relative_strength": -22.434545, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.418156, "energy": 79.1685, "activity_lines": [ 8.257048, 8.732192, 9.111225, 9.32714 ] }, { "date": "2024-07-12", "close": 8.004514, "volume": 7664003, "typical_volume": 7379299.2, "trend": 9.617952, "fair_value": 10.232557, "relative_strength": -23.085699, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.144043, "energy": 77.299612, "activity_lines": [ 8.140843, 8.530357, 8.989412, 9.216472 ] }, { "date": "2024-07-19", "close": 7.42998, "volume": 6650522, "typical_volume": 7309243.05, "trend": 9.491731, "fair_value": 10.218699, "relative_strength": -28.253652, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.742901, "energy": 85.171817, "activity_lines": [ 7.872079, 8.25752, 8.818562, 9.075312 ] }, { "date": "2024-07-26", "close": 7.29365, "volume": 5601022, "typical_volume": 7262234.0, "trend": 9.374491, "fair_value": 10.200062, "relative_strength": -26.649109, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.130791, "energy": 88.596309, "activity_lines": [ 7.629931, 8.003805, 8.645169, 8.9335 ] }, { "date": "2024-08-02", "close": 7.410504, "volume": 6895928, "typical_volume": 7293470.4, "trend": 9.255671, "fair_value": 10.181955, "relative_strength": -25.137567, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.168668, "energy": 84.610284, "activity_lines": [ 7.506584, 7.824628, 8.490729, 8.806792 ] }, { "date": "2024-08-09", "close": 7.322863, "volume": 8495533, "typical_volume": 7226927.95, "trend": 9.131998, "fair_value": 10.1639, "relative_strength": -24.180282, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.410304, "energy": 83.358266, "activity_lines": [ 7.400117, 7.675728, 8.338061, 8.682094 ] }, { "date": "2024-08-16", "close": 7.040465, "volume": 20110254, "typical_volume": 7924514.3, "trend": 9.005352, "fair_value": 10.138812, "relative_strength": -26.766941, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.441169, "energy": 80.67729, "activity_lines": [ 7.249505, 7.515319, 8.169449, 8.547157 ] }, { "date": "2024-08-23", "close": 6.573049, "volume": 8869242, "typical_volume": 8192295.7, "trend": 8.878261, "fair_value": 10.108534, "relative_strength": -30.311377, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.955448, "energy": 76.985815, "activity_lines": [ 7.007357, 7.298076, 7.968525, 8.390234 ] }, { "date": "2024-08-30", "close": 7.215747, "volume": 50497459, "typical_volume": 10309247.15, "trend": 8.771628, "fair_value": 10.08062, "relative_strength": -22.519303, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.463683, "energy": 59.786604, "activity_lines": [ 7.03657, 7.232921, 7.844527, 8.282975 ] }, { "date": "2024-09-06", "close": 6.797019, "volume": 23699402, "typical_volume": 10891440.95, "trend": 8.635901, "fair_value": 10.048311, "relative_strength": -24.39541, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.591593, "energy": 64.240266, "activity_lines": [ 6.931402, 7.114827, 7.690869, 8.155581 ] }, { "date": "2024-09-13", "close": 6.797019, "volume": 11961202, "typical_volume": 11051267.9, "trend": 8.585193, "fair_value": 10.016484, "relative_strength": -22.035802, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.451963, "energy": 61.575276, "activity_lines": [ 6.867132, 7.020459, 7.54878, 8.036943 ] }, { "date": "2024-09-20", "close": 6.806757, "volume": 6798030, "typical_volume": 11178552.75, "trend": 8.505504, "fair_value": 9.985159, "relative_strength": -22.167388, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.178429, "energy": 55.742078, "activity_lines": [ 6.841164, 6.951054, 7.420705, 7.922205 ] }, { "date": "2024-09-27", "close": 7.556572, "volume": 12583848, "typical_volume": 11404534.05, "trend": 8.436638, "fair_value": 9.960176, "relative_strength": -22.649502, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.76003, "energy": 41.417179, "activity_lines": [ 7.080715, 7.039757, 7.378508, 7.860984 ] }, { "date": "2024-10-04", "close": 8.218745, "volume": 6540783, "typical_volume": 11250677.2, "trend": 8.41271, "fair_value": 9.93935, "relative_strength": -21.607757, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.74921, "energy": 17.561174, "activity_lines": [ 7.475423, 7.246554, 7.410272, 7.846926 ] }, { "date": "2024-10-11", "close": 7.741591, "volume": 19261966, "typical_volume": 11862337.2, "trend": 8.352911, "fair_value": 9.915948, "relative_strength": -22.806507, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.721869, "energy": 23.857454, "activity_lines": [ 7.644212, 7.349775, 7.406145, 7.803628 ] }, { "date": "2024-10-18", "close": 8.773804, "volume": 42676424, "typical_volume": 13732596.3, "trend": 8.32462, "fair_value": 9.899996, "relative_strength": -13.164655, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 13.276828, "energy": 27.99763, "activity_lines": [ 8.094101, 7.634652, 7.51085, 7.830783 ] }, { "date": "2024-10-25", "close": 9.007511, "volume": 36585669, "typical_volume": 14985363.8, "trend": 8.304763, "fair_value": 9.888001, "relative_strength": -11.361395, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 35.050924, "energy": 40.596603, "activity_lines": [ 8.490107, 7.93564, 7.641337, 7.87484 ] }, { "date": "2024-11-01", "close": 8.754327, "volume": 23508031, "typical_volume": 15911057.45, "trend": 8.26745, "fair_value": 9.88079, "relative_strength": -12.574674, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 27.474101, "energy": 45.131557, "activity_lines": [ 8.655001, 8.15483, 7.745718, 7.903844 ] }, { "date": "2024-11-08", "close": 9.348336, "volume": 17526531, "typical_volume": 16452871.6, "trend": 8.267005, "fair_value": 9.876684, "relative_strength": -10.969408, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.237056, "energy": 61.695288, "activity_lines": [ 8.938048, 8.442362, 7.905511, 7.973579 ] }, { "date": "2024-11-15", "close": 9.065939, "volume": 13718547, "typical_volume": 16743663.4, "trend": 8.261656, "fair_value": 9.871163, "relative_strength": -9.942985, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.067933, "energy": 57.696894, "activity_lines": [ 9.051656, 8.639775, 8.034329, 8.025123 ] }, { "date": "2024-11-22", "close": 8.910132, "volume": 12900204, "typical_volume": 17127230.0, "trend": 8.240486, "fair_value": 9.86596, "relative_strength": -9.161096, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.830045, "energy": 40.003148, "activity_lines": [ 9.025039, 8.767606, 8.143718, 8.06696 ] }, { "date": "2024-11-29", "close": 9.338599, "volume": 11408563, "typical_volume": 17314458.0, "trend": 8.223615, "fair_value": 9.863899, "relative_strength": -5.885101, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 41.501668, "energy": 44.870297, "activity_lines": [ 9.132156, 8.93492, 8.289925, 8.137806 ] }, { "date": "2024-12-06", "close": 9.358073, "volume": 10862508, "typical_volume": 17525057.3, "trend": 8.207385, "fair_value": 9.864289, "relative_strength": -7.213391, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 65.568724, "energy": 49.040819, "activity_lines": [ 9.223691, 9.059742, 8.431633, 8.210997 ] }, { "date": "2024-12-13", "close": 9.523618, "volume": 14507723, "typical_volume": 17970392.35, "trend": 8.184014, "fair_value": 9.862272, "relative_strength": -4.664734, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.668361, "energy": 48.229395, "activity_lines": [ 9.330159, 9.181907, 8.579927, 8.295915 ] }, { "date": "2024-12-20", "close": 9.036725, "volume": 9944989, "typical_volume": 18122845.4, "trend": 8.153502, "fair_value": 9.854458, "relative_strength": -8.2228, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.12733, "energy": 41.582796, "activity_lines": [ 9.262643, 9.191822, 8.671231, 8.350929 ] }, { "date": "2024-12-27", "close": 8.764066, "volume": 9866361, "typical_volume": 18191386.8, "trend": 8.128508, "fair_value": 9.843973, "relative_strength": -11.170403, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.279691, "energy": 30.659303, "activity_lines": [ 9.106189, 9.128615, 8.728823, 8.39032 ] }, { "date": "2025-01-03", "close": 8.364814, "volume": 10642199, "typical_volume": 17717984.05, "trend": 8.121042, "fair_value": 9.831106, "relative_strength": -9.585172, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 35.175674, "energy": 18.63005, "activity_lines": [ 8.826388, 8.992993, 8.741529, 8.405566 ] }, { "date": "2025-01-10", "close": 8.218745, "volume": 7283485, "typical_volume": 17638696.2, "trend": 8.111305, "fair_value": 9.816643, "relative_strength": -9.250638, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 20.608173, "energy": 19.293031, "activity_lines": [ 8.562816, 8.842499, 8.734017, 8.411869 ] }, { "date": "2025-01-17", "close": 8.569308, "volume": 7167105, "typical_volume": 15472178.5, "trend": 8.113901, "fair_value": 9.805086, "relative_strength": -6.818313, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.793217, "energy": 21.020141, "activity_lines": [ 8.492055, 8.765482, 8.752055, 8.441418 ] }, { "date": "2025-01-24", "close": 8.666687, "volume": 8753360, "typical_volume": 14724876.4, "trend": 8.132728, "fair_value": 9.799244, "relative_strength": -5.429842, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.909004, "energy": 16.400969, "activity_lines": [ 8.517373, 8.720333, 8.772922, 8.477081 ] }, { "date": "2025-01-31", "close": 8.773804, "volume": 2370055, "typical_volume": 14245319.05, "trend": 8.156099, "fair_value": 9.788121, "relative_strength": -3.622772, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.379492, "energy": 12.092781, "activity_lines": [ 8.603066, 8.70192, 8.795087, 8.518441 ] }, { "date": "2025-02-07", "close": 8.880919, "volume": 5805257, "typical_volume": 14195680.4, "trend": 8.185312, "fair_value": 9.777596, "relative_strength": -3.15338, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.116412, "energy": 17.021124, "activity_lines": [ 8.723816, 8.705461, 8.818041, 8.565204 ] }, { "date": "2025-02-14", "close": 8.861444, "volume": 8046084, "typical_volume": 13968792.2, "trend": 8.233028, "fair_value": 9.768833, "relative_strength": -4.440374, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.602441, "energy": 20.860706, "activity_lines": [ 8.803666, 8.713783, 8.829263, 8.608825 ] }, { "date": "2025-02-21", "close": 8.851706, "volume": 7928351, "typical_volume": 14038170.6, "trend": 8.284963, "fair_value": 9.759262, "relative_strength": -5.169877, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.249948, "energy": 22.522078, "activity_lines": [ 8.837424, 8.729363, 8.833343, 8.64874 ] }, { "date": "2025-02-28", "close": 8.754327, "volume": 10964096, "typical_volume": 13623277.1, "trend": 8.329757, "fair_value": 9.750164, "relative_strength": -4.207063, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.679276, "energy": 20.24137, "activity_lines": [ 8.819896, 8.739455, 8.825136, 8.679021 ] }, { "date": "2025-03-07", "close": 8.919871, "volume": 10206432, "typical_volume": 11999777.5, "trend": 8.382991, "fair_value": 9.740634, "relative_strength": -3.695886, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.060711, "energy": 20.662196, "activity_lines": [ 8.851706, 8.78478, 8.827871, 8.717093 ] }, { "date": "2025-03-14", "close": 9.124366, "volume": 9141265, "typical_volume": 10627557.3, "trend": 8.452454, "fair_value": 9.728993, "relative_strength": -2.533061, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 56.76652, "energy": 29.060954, "activity_lines": [ 8.941943, 8.864454, 8.849387, 8.764924 ] }, { "date": "2025-03-21", "close": 9.202268, "volume": 8407899, "typical_volume": 9872550.7, "trend": 8.540095, "fair_value": 9.7175, "relative_strength": 0.195089, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 59.560037, "energy": 39.382944, "activity_lines": [ 9.041918, 8.944481, 8.877766, 8.813299 ] }, { "date": "2025-03-28", "close": 8.491405, "volume": 20685841, "typical_volume": 10030516.2, "trend": 8.582617, "fair_value": 9.695569, "relative_strength": -6.76185, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.440849, "energy": 16.902898, "activity_lines": [ 8.882218, 8.877378, 8.836311, 8.810158 ] }, { "date": "2025-04-04", "close": 8.705638, "volume": 9225572, "typical_volume": 9805867.45, "trend": 8.646237, "fair_value": 9.678259, "relative_strength": -3.726573, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.166168, "energy": 11.079327, "activity_lines": [ 8.817948, 8.850643, 8.819339, 8.818095 ] }, { "date": "2025-04-11", "close": 8.189531, "volume": 13566551, "typical_volume": 9839184.8, "trend": 8.692654, "fair_value": 9.660011, "relative_strength": -6.150397, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -33.156882, "energy": 25.912257, "activity_lines": [ 8.584888, 8.729363, 8.75493, 8.78863 ] }, { "date": "2025-04-18", "close": 8.598521, "volume": 7233853, "typical_volume": 9630449.3, "trend": 8.75238, "fair_value": 9.647017, "relative_strength": -2.352438, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.563649, "energy": 26.900378, "activity_lines": [ 8.536848, 8.693067, 8.732904, 8.782557 ] }, { "date": "2025-04-25", "close": 8.725114, "volume": 7518000, "typical_volume": 9463223.9, "trend": 8.791331, "fair_value": 9.632202, "relative_strength": -1.153002, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.618561, "energy": 40.817095, "activity_lines": [ 8.566062, 8.684923, 8.726458, 8.780797 ] }, { "date": "2025-05-02", "close": 8.540095, "volume": 6708543, "typical_volume": 9073264.9, "trend": 8.802043, "fair_value": 9.612865, "relative_strength": -2.37925, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.120335, "energy": 41.91229, "activity_lines": [ 8.565413, 8.645617, 8.705406, 8.764589 ] }, { "date": "2025-05-09", "close": 8.812755, "volume": 6830824, "typical_volume": 8917556.65, "trend": 8.837748, "fair_value": 9.600367, "relative_strength": -0.814579, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -39.761613, "energy": 16.771326, "activity_lines": [ 8.652405, 8.661552, 8.715005, 8.76528 ] }, { "date": "2025-05-16", "close": 8.812755, "volume": 7841815, "typical_volume": 8816329.35, "trend": 8.839047, "fair_value": 9.589361, "relative_strength": -1.117694, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -25.017642, "energy": 12.515383, "activity_lines": [ 8.732255, 8.676425, 8.72567, 8.763667 ] }, { "date": "2025-05-23", "close": 8.793279, "volume": 8351113, "typical_volume": 8701775.05, "trend": 8.831906, "fair_value": 9.580645, "relative_strength": -0.342294, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -22.306023, "energy": 11.945991, "activity_lines": [ 8.764066, 8.689704, 8.734249, 8.760715 ] }, { "date": "2025-05-30", "close": 9.097611, "volume": 6998230, "typical_volume": 8687512.3, "trend": 8.843348, "fair_value": 9.574274, "relative_strength": 3.409048, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 10.152053, "energy": 13.07438, "activity_lines": [ 8.884336, 8.764335, 8.769771, 8.777857 ] }, { "date": "2025-06-06", "close": 9.354159, "volume": 5936658, "typical_volume": 8625989.95, "trend": 8.843542, "fair_value": 9.567221, "relative_strength": 5.175488, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 38.068595, "energy": 39.924025, "activity_lines": [ 9.065289, 8.887515, 8.825542, 8.810812 ] }, { "date": "2025-06-13", "close": 9.196283, "volume": 6287628, "typical_volume": 8502703.35, "trend": 8.847887, "fair_value": 9.557928, "relative_strength": 3.719589, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 32.707819, "energy": 44.475665, "activity_lines": [ 9.139346, 8.966304, 8.862539, 8.83357 ] }, { "date": "2025-06-20", "close": 8.850929, "volume": 7628020, "typical_volume": 8765601.6, "trend": 8.845914, "fair_value": 9.548395, "relative_strength": 0.478296, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 26.800797, "energy": 36.631713, "activity_lines": [ 9.072717, 8.97338, 8.864123, 8.833766 ] }, { "date": "2025-06-27", "close": 9.442965, "volume": 15590453, "typical_volume": 9254861.4, "trend": 8.849393, "fair_value": 9.547661, "relative_strength": 5.16414, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 65.536065, "energy": 52.537296, "activity_lines": [ 9.200888, 9.076073, 8.921725, 8.872286 ] }, { "date": "2025-07-04", "close": 9.561372, "volume": 8825916, "typical_volume": 9293853.0, "trend": 8.856169, "fair_value": 9.54694, "relative_strength": 4.994895, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.939742, "energy": 51.142584, "activity_lines": [ 9.325215, 9.184942, 8.987927, 8.91822 ] }, { "date": "2025-07-11", "close": 9.867257, "volume": 9689346, "typical_volume": 9381902.75, "trend": 8.867624, "fair_value": 9.548743, "relative_strength": 7.093296, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.288113, "energy": 68.817018, "activity_lines": [ 9.520587, 9.334221, 9.079928, 8.983451 ] }, { "date": "2025-07-18", "close": 10.054734, "volume": 7815158, "typical_volume": 9224455.85, "trend": 8.901558, "fair_value": 9.55144, "relative_strength": 8.097724, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.127456, "energy": 81.522452, "activity_lines": [ 9.744245, 9.493457, 9.184947, 9.060039 ] }, { "date": "2025-07-25", "close": 10.143539, "volume": 13154596, "typical_volume": 9371864.05, "trend": 8.94754, "fair_value": 9.556555, "relative_strength": 7.022485, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.499533, "energy": 81.841033, "activity_lines": [ 9.940274, 9.646258, 9.292233, 9.140167 ] }, { "date": "2025-08-01", "close": 10.123806, "volume": 10146779, "typical_volume": 9422139.75, "trend": 9.006173, "fair_value": 9.56282, "relative_strength": 7.595539, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.477644, "energy": 81.555813, "activity_lines": [ 10.043552, 9.771275, 9.391811, 9.216055 ] }, { "date": "2025-08-08", "close": 10.25208, "volume": 20973312, "typical_volume": 10050410.4, "trend": 9.073951, "fair_value": 9.569291, "relative_strength": 6.502643, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.977707, "energy": 73.080919, "activity_lines": [ 10.144198, 9.895423, 9.498847, 9.296436 ] }, { "date": "2025-08-15", "close": 10.064602, "volume": 14995622, "typical_volume": 9765899.45, "trend": 9.123794, "fair_value": 9.574207, "relative_strength": 2.604873, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.918038, "energy": 50.97879, "activity_lines": [ 10.136304, 9.964494, 9.583029, 9.360349 ] }, { "date": "2025-08-22", "close": 10.488894, "volume": 49826899, "typical_volume": 11795965.8, "trend": 9.184534, "fair_value": 9.582372, "relative_strength": 2.997553, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.297881, "energy": 50.96021, "activity_lines": [ 10.256685, 10.097792, 9.700129, 9.44842 ] }, { "date": "2025-08-29", "close": 10.705974, "volume": 31058811, "typical_volume": 12670578.8, "trend": 9.24894, "fair_value": 9.592457, "relative_strength": 4.074966, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.95213, "energy": 52.287745, "activity_lines": [ 10.420481, 10.247057, 9.829411, 9.546577 ] }, { "date": "2025-09-05", "close": 10.409956, "volume": 21682957, "typical_volume": 13393034.0, "trend": 9.299908, "fair_value": 9.59994, "relative_strength": 2.201541, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.514003, "energy": 45.513574, "activity_lines": [ 10.448109, 10.308772, 9.918517, 9.621482 ] }, { "date": "2025-09-12", "close": 10.587566, "volume": 13891897, "typical_volume": 13711728.85, "trend": 9.357445, "fair_value": 9.609309, "relative_strength": 2.222224, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.445722, "energy": 45.546553, "activity_lines": [ 10.515864, 10.385198, 10.015913, 9.704556 ] }, { "date": "2025-09-19", "close": 10.518496, "volume": 14174323, "typical_volume": 14085017.85, "trend": 9.413005, "fair_value": 9.621846, "relative_strength": 2.701518, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.453996, "energy": 41.43363, "activity_lines": [ 10.53823, 10.430408, 10.097862, 9.779463 ] }, { "date": "2025-09-26", "close": 10.380355, "volume": 11890480, "typical_volume": 14338000.65, "trend": 9.467206, "fair_value": 9.633321, "relative_strength": 0.949188, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.96952, "energy": 35.918773, "activity_lines": [ 10.48429, 10.438661, 10.157234, 9.841872 ] }, { "date": "2025-10-03", "close": 10.469159, "volume": 3815216, "typical_volume": 14136670.7, "trend": 9.518849, "fair_value": 9.644924, "relative_strength": 0.21206, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.436498, "energy": 32.976173, "activity_lines": [ 10.467186, 10.457139, 10.217599, 9.906515 ] }, { "date": "2025-10-10", "close": 10.567832, "volume": 5570371, "typical_volume": 13997633.6, "trend": 9.566964, "fair_value": 9.659978, "relative_strength": 0.566806, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.72896, "energy": 31.896872, "activity_lines": [ 10.498761, 10.487638, 10.279473, 9.974191 ] }, { "date": "2025-10-17", "close": 10.93292, "volume": 19266181, "typical_volume": 14611031.15, "trend": 9.624653, "fair_value": 9.679617, "relative_strength": 5.474683, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.910626, "energy": 35.861566, "activity_lines": [ 10.641507, 10.576443, 10.367668, 10.062317 ] }, { "date": "2025-10-24", "close": 11.623629, "volume": 18721959, "typical_volume": 15250296.2, "trend": 9.72906, "fair_value": 9.706588, "relative_strength": 8.83497, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.075272, "energy": 53.961617, "activity_lines": [ 10.991466, 10.778453, 10.512904, 10.191283 ] }, { "date": "2025-10-31", "close": 11.899912, "volume": 68128133, "typical_volume": 18342321.45, "trend": 9.835536, "fair_value": 9.732954, "relative_strength": 11.032346, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.889847, "energy": 63.831529, "activity_lines": [ 11.359844, 11.00235, 10.673647, 10.331338 ] }, { "date": "2025-11-07", "close": 11.781505, "volume": 78748311, "typical_volume": 21898336.0, "trend": 9.955268, "fair_value": 9.759132, "relative_strength": 8.567169, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.513198, "energy": 67.902263, "activity_lines": [ 11.587449, 11.179064, 10.810238, 10.456885 ] }, { "date": "2025-11-14", "close": 12.126859, "volume": 36780299, "typical_volume": 22957828.3, "trend": 10.07288, "fair_value": 9.784752, "relative_strength": 11.696586, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.511265, "energy": 72.024576, "activity_lines": [ 11.842682, 11.399014, 10.965765, 10.596987 ] }, { "date": "2025-11-21", "close": 11.742035, "volume": 102459725, "typical_volume": 27639518.75, "trend": 10.173444, "fair_value": 9.805131, "relative_strength": 12.274722, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.656078, "energy": 48.027161, "activity_lines": [ 11.865705, 11.51778, 11.071861, 10.704675 ] }, { "date": "2025-11-28", "close": 12.738628, "volume": 62670715, "typical_volume": 30288587.2, "trend": 10.313395, "fair_value": 9.832339, "relative_strength": 19.726151, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.521491, "energy": 52.025765, "activity_lines": [ 12.166985, 11.796754, 11.262487, 10.87017 ] }, { "date": "2025-12-05", "close": 13.458939, "volume": 92754886, "typical_volume": 34535573.6, "trend": 10.468268, "fair_value": 9.862888, "relative_strength": 25.418918, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.05231, "energy": 60.914163, "activity_lines": [ 12.634036, 12.166328, 11.508041, 11.073109 ] }, { "date": "2025-12-12", "close": 12.186063, "volume": 93067025, "typical_volume": 38531195.05, "trend": 10.580711, "fair_value": 9.885762, "relative_strength": 13.691748, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.233835, "energy": 45.098661, "activity_lines": [ 12.572859, 12.248495, 11.616158, 11.183934 ] }, { "date": "2025-12-19", "close": 11.485487, "volume": 34644113, "typical_volume": 39756061.75, "trend": 10.670452, "fair_value": 9.905245, "relative_strength": 6.924427, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.332752, "energy": 37.107911, "activity_lines": [ 12.251186, 12.172069, 11.647827, 11.242307 ] }, { "date": "2025-12-26", "close": 11.564425, "volume": 28729247, "typical_volume": 40143858.5, "trend": 10.752679, "fair_value": 9.930209, "relative_strength": 5.420565, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.302386, "energy": 24.619771, "activity_lines": [ 11.998585, 12.09331, 11.68053, 11.299983 ] }, { "date": "2026-01-02", "close": 11.140133, "volume": 12704183, "typical_volume": 40029286.55, "trend": 10.812211, "fair_value": 9.953465, "relative_strength": 1.27839, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 26.342943, "energy": 18.001102, "activity_lines": [ 11.616393, 11.925926, 11.666575, 11.32498 ] }, { "date": "2026-01-09", "close": 11.376946, "volume": 25565266, "typical_volume": 38816204.9, "trend": 10.8849, "fair_value": 9.980571, "relative_strength": -0.489264, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 24.752954, "energy": 19.102593, "activity_lines": [ 11.419705, 11.810389, 11.670052, 11.361414 ] }, { "date": "2026-01-16", "close": 11.268408, "volume": 21312858, "typical_volume": 38328907.25, "trend": 10.965483, "fair_value": 10.005706, "relative_strength": -1.064927, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.520813, "energy": 16.55953, "activity_lines": [ 11.325637, 11.684626, 11.658963, 11.386157 ] }, { "date": "2026-01-23", "close": 11.653231, "volume": 15510333, "typical_volume": 38020276.05, "trend": 11.039158, "fair_value": 10.032383, "relative_strength": 1.359199, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.345721, "energy": 11.590679, "activity_lines": [ 11.421021, 11.63816, 11.681845, 11.430527 ] }, { "date": "2026-01-30", "close": 11.416416, "volume": 17182368, "typical_volume": 38184799.6, "trend": 11.100993, "fair_value": 10.057542, "relative_strength": -0.311854, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.223785, "energy": 8.749932, "activity_lines": [ 11.426284, 11.557249, 11.676254, 11.454867 ] }, { "date": "2026-02-06", "close": 11.436151, "volume": 17936231, "typical_volume": 38372895.0, "trend": 11.153289, "fair_value": 10.080583, "relative_strength": 1.059532, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.962766, "energy": 6.64143, "activity_lines": [ 11.447992, 11.485846, 11.668595, 11.47649 ] }, { "date": "2026-02-13", "close": 11.426284, "volume": 12111668, "typical_volume": 38383954.4, "trend": 11.199008, "fair_value": 10.09282, "relative_strength": 0.459407, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.945202, "energy": 8.739711, "activity_lines": [ 11.446676, 11.43633, 11.655627, 11.494102 ] }, { "date": "2026-02-27", "close": 11.771638, "volume": 11411613, "typical_volume": 38763774.25, "trend": 11.253278, "fair_value": 10.108283, "relative_strength": 1.341093, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.584936, "energy": 11.973052, "activity_lines": [ 11.557189, 11.486564, 11.670569, 11.531046 ] }, { "date": "2026-03-06", "close": 11.603894, "volume": 20361889, "typical_volume": 39503350.15, "trend": 11.302614, "fair_value": 10.125488, "relative_strength": 0.710894, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.787625, "energy": 11.940011, "activity_lines": [ 11.578239, 11.513833, 11.663333, 11.553667 ] }, { "date": "2026-03-13", "close": 11.534822, "volume": 13464100, "typical_volume": 39213246.1, "trend": 11.345372, "fair_value": 10.14203, "relative_strength": 0.695117, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.197167, "energy": 12.464924, "activity_lines": [ 11.579555, 11.526391, 11.644585, 11.568648 ] }, { "date": "2026-03-20", "close": 10.775044, "volume": 13336575, "typical_volume": 38943976.9, "trend": 11.369053, "fair_value": 10.141993, "relative_strength": -2.684329, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.810366, "energy": 21.223586, "activity_lines": [ 11.319717, 11.401346, 11.550611, 11.531852 ] }, { "date": "2026-03-27", "close": 10.893452, "volume": 28709084, "typical_volume": 36973024.45, "trend": 11.382539, "fair_value": 10.141835, "relative_strength": -0.558883, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.937821, "energy": 37.456122, "activity_lines": [ 11.143422, 11.304468, 11.471955, 11.501169 ] }, { "date": "2026-04-03", "close": 10.528363, "volume": 26729097, "typical_volume": 34372063.75, "trend": 11.376618, "fair_value": 10.142198, "relative_strength": -3.178192, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.179852, "energy": 52.905864, "activity_lines": [ 10.880953, 11.15, 11.363321, 11.44606 ] }, { "date": "2026-04-10", "close": 12.225532, "volume": 45029425, "typical_volume": 34784520.05, "trend": 11.437137, "fair_value": 10.149963, "relative_strength": 9.090295, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -0.214879, "energy": 15.550371, "activity_lines": [ 11.267092, 11.317564, 11.42229, 11.500829 ] }, { "date": "2026-04-17", "close": 13.370133, "volume": 78348262, "typical_volume": 33578946.9, "trend": 11.52989, "fair_value": 10.170303, "relative_strength": 16.767887, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 59.660382, "energy": 37.259203, "activity_lines": [ 11.993322, 11.682832, 11.589798, 11.625538 ] }, { "date": "2026-04-24", "close": 11.436151, "volume": 60094226, "typical_volume": 33450122.45, "trend": 11.560478, "fair_value": 10.18027, "relative_strength": -0.940203, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 29.427278, "energy": 22.796902, "activity_lines": [ 11.952537, 11.660945, 11.565365, 11.619491 ] }, { "date": "2026-05-01", "close": 11.988717, "volume": 24840491, "typical_volume": 30054402.7, "trend": 11.61409, "fair_value": 10.188365, "relative_strength": 2.844496, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.130653, "energy": 22.929966, "activity_lines": [ 12.051868, 11.739524, 11.599759, 11.647119 ] }, { "date": "2026-05-08", "close": 12.225532, "volume": 12819644, "typical_volume": 26042033.65, "trend": 11.672636, "fair_value": 10.199343, "relative_strength": 2.951303, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.261395, "energy": 28.856522, "activity_lines": [ 12.157119, 11.850934, 11.663709, 11.686567 ] }, { "date": "2026-05-15", "close": 11.722301, "volume": 16269390, "typical_volume": 25123297.5, "trend": 11.711118, "fair_value": 10.205554, "relative_strength": -0.355969, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.262696, "energy": 6.903614, "activity_lines": [ 11.981481, 11.862596, 11.679543, 11.689771 ] }, { "date": "2026-05-22", "close": 11.3, "volume": 14156507, "typical_volume": 24394660.5, "trend": 11.723354, "fair_value": 10.208443, "relative_strength": -3.505518, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -14.632965, "energy": 6.236881, "activity_lines": [ 11.698626, 11.795322, 11.654031, 11.663247 ] }, { "date": "2026-05-29", "close": 10.34, "volume": 16351994, "typical_volume": 24577051.05, "trend": 11.680567, "fair_value": 10.201894, "relative_strength": -10.690134, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.667096, "energy": 26.765207, "activity_lines": [ 11.233779, 11.557773, 11.538349, 11.573999 ] }, { "date": "2026-06-05", "close": 10.02, "volume": 2017680, "typical_volume": 23399671.75, "trend": 11.617903, "fair_value": 10.193357, "relative_strength": -12.440584, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -64.266872, "energy": 48.055508, "activity_lines": [ 10.735342, 11.269951, 11.396002, 11.466865 ] }, { "date": "2026-06-12", "close": 9.71, "volume": 2437493, "typical_volume": 22455903.5, "trend": 11.548853, "fair_value": 10.183946, "relative_strength": -15.025051, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.31629, "energy": 65.845285, "activity_lines": [ 10.26482, 10.941647, 11.230592, 11.343775 ] }, { "date": "2026-06-19", "close": 9.42, "volume": 10192376, "typical_volume": 22190005.65, "trend": 11.458624, "fair_value": 10.167104, "relative_strength": -18.518969, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.870554, "energy": 73.120864, "activity_lines": [ 9.865333, 10.575495, 11.044984, 11.20643 ] }, { "date": "2026-06-26", "close": 8.68, "volume": 3343347, "typical_volume": 21498054.6, "trend": 11.356556, "fair_value": 10.143473, "relative_strength": -23.491935, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.252656, "energy": 80.57945, "activity_lines": [ 9.372667, 10.125807, 10.799534, 11.027163 ] }, { "date": "2026-07-03", "close": 9.03, "volume": 4208000, "typical_volume": 20811643.05, "trend": 11.232935, "fair_value": 10.116513, "relative_strength": -20.444435, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.581786, "energy": 78.008736, "activity_lines": [ 9.171333, 9.825031, 10.600448, 10.877063 ] }, { "date": "2026-07-10", "close": 8.75, "volume": 12916036, "typical_volume": 20851861.45, "trend": 11.075971, "fair_value": 10.091102, "relative_strength": -21.69276, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.211726, "energy": 80.525793, "activity_lines": [ 8.964, 9.517093, 10.386154, 10.716874 ] }, { "date": "2026-07-17", "close": 8.48, "volume": 13055628, "typical_volume": 20934062.2, "trend": 10.952435, "fair_value": 10.062908, "relative_strength": -19.120988, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.746374, "energy": 83.865662, "activity_lines": [ 8.751333, 9.218951, 10.158889, 10.549392 ] }, { "date": "2026-07-24", "close": 8.04, "volume": 16099320, "typical_volume": 20720933.75, "trend": 10.837586, "fair_value": 10.031335, "relative_strength": -23.93668, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.866472, "energy": 89.874429, "activity_lines": [ 8.474, 8.908909, 9.905394, 10.361493 ] }, { "date": "2026-07-31", "close": 8.8, "volume": 12654328, "typical_volume": 20680445.15, "trend": 10.745438, "fair_value": 9.999928, "relative_strength": -16.835292, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.63818, "energy": 82.873665, "activity_lines": [ 8.542, 8.804, 9.741251, 10.230035 ] }, { "date": "2026-08-07", "close": 9.11, "volume": 12245050, "typical_volume": 20625868.9, "trend": 10.677767, "fair_value": 9.972242, "relative_strength": -15.949417, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.745168, "energy": 66.694669, "activity_lines": [ 8.705333, 8.800909, 9.619655, 10.124523 ] } ], "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." } } }