{ "ticker": { "uuid": "3c002c77-380a-48de-85cf-ce0ea8322ac0", "symbol": "6123", "name": "GrandTech C.G. Systems Inc.", "exchange": "TWO", "country": "TW", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-14", "benchmark": "^TWII", "stage": 4, "stage_name": "Declining", "phase": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 56.549, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "up", "architecture_direction": 54.519, "architecture_energy": 36.635, "architecture_maturity": 26.953, "architecture_confidence": 70.543, "architecture_tenure": "Developing", "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": 44.7, "rotation_up": 50.75, "upward_expansion": 76.78, "deceleration": 53.78, "rotation_down": 18.32, "downward_expansion": 8.11 }, "activity_lines": [ 42.713334, 42.456054, 42.297353, 42.027353 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 43.400002, "trend_reference": 41.855001, "distance_from_trend": 0.036913, "trend_direction": "Weakening", "fair_value": 49.958853, "distance_from_fair_value": -0.131285, "fair_value_direction": "Improving", "relative_strength": -31.312719, "relative_strength_direction": "Improving", "price_momentum": 0.03166, "excess_performance": -0.409712, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.036913, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.030044, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.131285, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.053706, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.313127, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.082136, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.03166, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.792111, "read": "Supply-led" } ], "volume": { "latest": 307717, "relative_activity": 0.722777, "balance": 0.792111, "dry_up": 0.60866, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.044297, "annualized_volatility": 0.195341, "from_high_reference": -0.164521, "from_low_reference": 0.108724 }, "levels": { "trend_reference": 41.855001, "fair_value_reference": 49.958853, "structural_low": 39.144105, "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": 16, "median_return": 0.003352, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.016435, "regime_survival": 0.625, "best_return": 0.050152, "worst_return": -0.048148, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.014406, "positive_rate": 0.625, "directional_follow_through": 0.625, "median_excess_return": -0.07609, "regime_survival": 0.25, "best_return": 0.143867, "worst_return": -0.152627, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.019306, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.122418, "regime_survival": 0.2, "best_return": 0.316599, "worst_return": -0.071235, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.05548, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.193425, "regime_survival": 0.25, "best_return": 0.354109, "worst_return": -0.206731, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-28", "end": "2024-07-26", "tenure": "Developing", "return": -0.088235, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-08-02", "end": "2024-08-09", "tenure": "New", "return": -0.024311, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-16", "end": "2025-02-21", "tenure": "Extended", "return": -0.03364, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-28", "end": "2025-03-07", "tenure": "New", "return": 0.012195, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-03-14", "end": "2025-04-18", "tenure": "Developing", "return": -0.11745, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-06-27", "tenure": "Developing", "return": 0.070093, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-04", "end": "2025-08-22", "tenure": "Developing", "return": -0.074074, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-29", "end": "2025-09-12", "tenure": "New", "return": 0.00994, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-09-19", "end": "2025-10-10", "tenure": "New", "return": -0.035971, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-17", "end": "2025-11-21", "tenure": "Developing", "return": -0.045627, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-28", "end": "2025-12-05", "tenure": "New", "return": -0.011834, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-12-12", "end": "2025-12-26", "tenure": "New", "return": -0.003285, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-02", "end": "2026-05-22", "tenure": "Established", "return": -0.067086, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-29", "end": "2026-08-14", "tenure": "Developing", "return": 0.062634, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 53.625946, "volume": 415000, "typical_volume": 879450.0, "trend": 52.78194, "fair_value": 37.626252, "relative_strength": 3.757376, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.35445, "energy": 12.354879, "activity_lines": [ 54.844593, 55.36842, 55.218091, 54.542454 ] }, { "date": "2023-08-18", "close": 51.522961, "volume": 648000, "typical_volume": 853550.0, "trend": 53.090752, "fair_value": 37.794224, "relative_strength": 0.722292, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -15.253954, "energy": 22.41068, "activity_lines": [ 53.625943, 54.627432, 54.900932, 54.46123 ] }, { "date": "2023-08-25", "close": 51.765614, "volume": 533000, "typical_volume": 866900.0, "trend": 53.41021, "fair_value": 37.961331, "relative_strength": 0.265678, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -31.511768, "energy": 38.301383, "activity_lines": [ 52.773966, 53.993597, 54.611705, 54.375737 ] }, { "date": "2023-09-01", "close": 52.331799, "volume": 403000, "typical_volume": 790650.0, "trend": 53.65395, "fair_value": 38.13348, "relative_strength": 0.080582, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.931755, "energy": 49.896684, "activity_lines": [ 52.369546, 53.540647, 54.378971, 54.306162 ] }, { "date": "2023-09-08", "close": 53.706825, "volume": 431000, "typical_volume": 707550.0, "trend": 53.920516, "fair_value": 38.310007, "relative_strength": 2.874619, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.662101, "energy": 49.220827, "activity_lines": [ 52.655335, 53.415644, 54.301902, 54.309573 ] }, { "date": "2023-09-15", "close": 54.839203, "volume": 287000, "typical_volume": 681000.0, "trend": 54.148134, "fair_value": 38.492583, "relative_strength": 2.664253, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.106153, "energy": 18.031449, "activity_lines": [ 53.40486, 53.537706, 54.331118, 54.368843 ] }, { "date": "2023-09-22", "close": 56.456882, "volume": 419000, "typical_volume": 676100.0, "trend": 54.296738, "fair_value": 38.682303, "relative_strength": 9.127245, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.203001, "energy": 16.517558, "activity_lines": [ 54.612727, 53.983303, 54.509639, 54.517795 ] }, { "date": "2023-09-29", "close": 55.56715, "volume": 302000, "typical_volume": 641850.0, "trend": 54.392676, "fair_value": 38.872368, "relative_strength": 7.144242, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.35417, "energy": 22.233463, "activity_lines": [ 55.195089, 54.255366, 54.59315, 54.599757 ] }, { "date": "2023-10-06", "close": 55.162735, "volume": 212000, "typical_volume": 619350.0, "trend": 54.52115, "fair_value": 39.068712, "relative_strength": 5.10047, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.412776, "energy": 23.41982, "activity_lines": [ 55.38921, 54.455369, 54.624075, 54.649438 ] }, { "date": "2023-10-13", "close": 55.56715, "volume": 87000, "typical_volume": 573100.0, "trend": 54.632426, "fair_value": 39.280149, "relative_strength": 4.03339, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 43.392916, "energy": 32.898253, "activity_lines": [ 55.529407, 54.740668, 54.685753, 54.716922 ] }, { "date": "2023-10-20", "close": 54.192127, "volume": 152000, "typical_volume": 488550.0, "trend": 54.605836, "fair_value": 39.483175, "relative_strength": 3.489474, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 31.173303, "energy": 19.146562, "activity_lines": [ 55.087241, 54.765668, 54.611901, 54.688516 ] }, { "date": "2023-10-27", "close": 54.192127, "volume": 134000, "typical_volume": 450800.0, "trend": 54.661052, "fair_value": 39.678942, "relative_strength": 5.332799, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.948978, "energy": 1.922851, "activity_lines": [ 54.688214, 54.780374, 54.548788, 54.661825 ] }, { "date": "2023-11-03", "close": 54.43478, "volume": 136000, "typical_volume": 393400.0, "trend": 54.732027, "fair_value": 39.875056, "relative_strength": 3.25841, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -11.915271, "energy": 8.233894, "activity_lines": [ 54.521055, 54.790668, 54.512583, 54.647226 ] }, { "date": "2023-11-10", "close": 54.111248, "volume": 195000, "typical_volume": 384800.0, "trend": 54.618376, "fair_value": 40.067684, "relative_strength": 1.460334, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -19.785205, "energy": 16.089988, "activity_lines": [ 54.321543, 54.693608, 54.453268, 54.607176 ] }, { "date": "2023-11-17", "close": 54.111248, "volume": 226000, "typical_volume": 376700.0, "trend": 54.642775, "fair_value": 40.264949, "relative_strength": -1.836792, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.185168, "energy": 22.355743, "activity_lines": [ 54.19213, 54.564195, 54.405893, 54.574458 ] }, { "date": "2023-11-24", "close": 54.839203, "volume": 209000, "typical_volume": 353250.0, "trend": 54.676101, "fair_value": 40.463655, "relative_strength": -1.224403, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.20194, "energy": 15.700938, "activity_lines": [ 54.402429, 54.559783, 54.436707, 54.587131 ] }, { "date": "2023-12-01", "close": 54.758312, "volume": 188000, "typical_volume": 334700.0, "trend": 54.691391, "fair_value": 40.66285, "relative_strength": -2.457745, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.343997, "energy": 9.170104, "activity_lines": [ 54.542626, 54.540665, 54.467519, 54.592435 ] }, { "date": "2023-12-08", "close": 54.677429, "volume": 214000, "typical_volume": 306450.0, "trend": 54.760228, "fair_value": 40.857696, "relative_strength": -2.510312, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.756345, "energy": 7.48958, "activity_lines": [ 54.618116, 54.537723, 54.495636, 54.591534 ] }, { "date": "2023-12-15", "close": 54.920082, "volume": 152000, "typical_volume": 293000.0, "trend": 54.806475, "fair_value": 41.053492, "relative_strength": -3.851737, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.90612, "energy": 9.411833, "activity_lines": [ 54.758314, 54.595077, 54.551484, 54.601847 ] }, { "date": "2023-12-22", "close": 55.162735, "volume": 255000, "typical_volume": 279900.0, "trend": 54.825021, "fair_value": 41.249635, "relative_strength": -3.150177, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.721266, "energy": 24.008756, "activity_lines": [ 54.925474, 54.700961, 54.634679, 54.624832 ] }, { "date": "2023-12-29", "close": 54.422844, "volume": 338000, "typical_volume": 276050.0, "trend": 54.757547, "fair_value": 41.434986, "relative_strength": -6.280266, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.981414, "energy": 14.549762, "activity_lines": [ 54.775905, 54.679673, 54.646637, 54.598885 ] }, { "date": "2024-01-05", "close": 54.505058, "volume": 200000, "typical_volume": 253650.0, "trend": 54.741388, "fair_value": 41.619871, "relative_strength": -4.049038, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.968456, "energy": 5.739238, "activity_lines": [ 54.681498, 54.669138, 54.662631, 54.582595 ] }, { "date": "2024-01-12", "close": 54.094009, "volume": 172000, "typical_volume": 235600.0, "trend": 54.676106, "fair_value": 41.802121, "relative_strength": -4.861413, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.616055, "energy": 17.378995, "activity_lines": [ 54.466957, 54.578177, 54.625277, 54.540829 ] }, { "date": "2024-01-19", "close": 56.14925, "volume": 220403, "typical_volume": 226470.15, "trend": 54.66046, "fair_value": 41.996305, "relative_strength": -2.376768, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 36.840449, "energy": 21.775713, "activity_lines": [ 54.976392, 54.867092, 54.772573, 54.63587 ] }, { "date": "2024-01-26", "close": 55.738205, "volume": 238000, "typical_volume": 216820.15, "trend": 54.652681, "fair_value": 42.185168, "relative_strength": -4.933014, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 58.947803, "energy": 49.834186, "activity_lines": [ 55.266867, 55.044217, 54.862543, 54.705402 ] }, { "date": "2024-02-02", "close": 56.14925, "volume": 194000, "typical_volume": 212170.15, "trend": 54.642426, "fair_value": 42.374187, "relative_strength": -4.701902, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.694189, "energy": 66.084504, "activity_lines": [ 55.655993, 55.266497, 54.981986, 54.801955 ] }, { "date": "2024-02-09", "close": 56.806923, "volume": 121000, "typical_volume": 197270.15, "trend": 54.675663, "fair_value": 42.568454, "relative_strength": -3.89525, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.320224, "energy": 79.389731, "activity_lines": [ 56.149249, 55.584534, 55.157828, 54.9416 ] }, { "date": "2024-02-16", "close": 56.72472, "volume": 105000, "typical_volume": 187420.15, "trend": 54.711553, "fair_value": 42.759301, "relative_strength": -6.641567, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.967853, "energy": 79.535522, "activity_lines": [ 56.461647, 55.850378, 55.324173, 55.073797 ] }, { "date": "2024-02-23", "close": 56.971352, "volume": 314000, "typical_volume": 192520.15, "trend": 54.750271, "fair_value": 42.950488, "relative_strength": -7.451032, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.561262, "energy": 81.226289, "activity_lines": [ 56.680874, 56.123841, 55.508495, 55.219591 ] }, { "date": "2024-03-01", "close": 57.135773, "volume": 232000, "typical_volume": 199770.15, "trend": 54.821431, "fair_value": 43.137977, "relative_strength": -7.216829, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.190085, "energy": 79.808953, "activity_lines": [ 56.900102, 56.389902, 55.699864, 55.373494 ] }, { "date": "2024-03-08", "close": 56.642509, "volume": 585000, "typical_volume": 221420.15, "trend": 54.921983, "fair_value": 43.302257, "relative_strength": -11.73608, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.624565, "energy": 55.688232, "activity_lines": [ 56.861737, 56.530406, 55.836785, 55.490983 ] }, { "date": "2024-03-15", "close": 56.72472, "volume": 250000, "typical_volume": 227220.15, "trend": 55.095375, "fair_value": 43.465617, "relative_strength": -10.883156, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.721787, "energy": 47.849859, "activity_lines": [ 56.817892, 56.6455, 55.969868, 55.607289 ] }, { "date": "2024-03-22", "close": 57.546814, "volume": 199000, "typical_volume": 230370.15, "trend": 55.288082, "fair_value": 43.620401, "relative_strength": -11.711087, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.254601, "energy": 52.114617, "activity_lines": [ 57.053558, 56.869708, 56.169185, 55.765446 ] }, { "date": "2024-03-29", "close": 57.957867, "volume": 125000, "typical_volume": 226870.15, "trend": 55.475618, "fair_value": 43.772033, "relative_strength": -11.128412, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.422506, "energy": 55.846152, "activity_lines": [ 57.371436, 57.105874, 56.392831, 55.93769 ] }, { "date": "2024-04-05", "close": 57.957867, "volume": 114000, "typical_volume": 221270.15, "trend": 55.617319, "fair_value": 43.929038, "relative_strength": -11.07587, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.664389, "energy": 67.83171, "activity_lines": [ 57.623546, 57.309157, 56.59816, 56.097835 ] }, { "date": "2024-04-12", "close": 58.286701, "volume": 268000, "typical_volume": 224220.15, "trend": 55.732236, "fair_value": 44.077817, "relative_strength": -11.868783, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.304337, "energy": 78.701051, "activity_lines": [ 57.930461, 57.53187, 56.816489, 56.270054 ] }, { "date": "2024-04-19", "close": 56.971352, "volume": 533000, "typical_volume": 241470.15, "trend": 55.749385, "fair_value": 44.219819, "relative_strength": -8.24364, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.069119, "energy": 60.167594, "activity_lines": [ 57.689314, 57.476565, 56.89313, 56.349997 ] }, { "date": "2024-04-26", "close": 57.382404, "volume": 188000, "typical_volume": 240170.15, "trend": 55.809893, "fair_value": 44.363215, "relative_strength": -9.978391, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.532083, "energy": 43.354255, "activity_lines": [ 57.568742, 57.493008, 56.99838, 56.455353 ] }, { "date": "2024-05-03", "close": 58.04007, "volume": 274000, "typical_volume": 246270.15, "trend": 55.905804, "fair_value": 44.519094, "relative_strength": -9.545849, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.952801, "energy": 43.323937, "activity_lines": [ 57.678353, 57.617069, 57.153385, 56.599235 ] }, { "date": "2024-05-10", "close": 58.204502, "volume": 458000, "typical_volume": 256420.15, "trend": 55.993716, "fair_value": 44.6752, "relative_strength": -10.630018, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.013215, "energy": 38.329796, "activity_lines": [ 57.837294, 57.751595, 57.309193, 56.747538 ] }, { "date": "2024-05-17", "close": 61.82172, "volume": 994000, "typical_volume": 289220.15, "trend": 56.248036, "fair_value": 44.85408, "relative_strength": -7.302609, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.713836, "energy": 63.529882, "activity_lines": [ 59.185532, 58.524366, 57.795013, 57.123538 ] }, { "date": "2024-05-24", "close": 63.959175, "volume": 1376000, "typical_volume": 348020.15, "trend": 56.573604, "fair_value": 45.061541, "relative_strength": -5.263332, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.301008, "energy": 94.890101, "activity_lines": [ 61.010587, 59.591598, 58.449167, 57.621031 ] }, { "date": "2024-05-31", "close": 61.986145, "volume": 956000, "typical_volume": 387220.15, "trend": 56.825316, "fair_value": 45.254495, "relative_strength": -6.229936, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.857899, "energy": 86.112994, "activity_lines": [ 61.712111, 60.168561, 58.870394, 57.970227 ] }, { "date": "2024-06-07", "close": 59.684261, "volume": 826000, "typical_volume": 417500.0, "trend": 57.011083, "fair_value": 45.42918, "relative_strength": -12.253825, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.294949, "energy": 79.327515, "activity_lines": [ 61.339423, 60.246285, 59.034813, 58.154675 ] }, { "date": "2024-06-14", "close": 59.715454, "volume": 1268000, "typical_volume": 469000.0, "trend": 57.19789, "fair_value": 45.596212, "relative_strength": -14.418044, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.115133, "energy": 52.131174, "activity_lines": [ 60.867521, 60.298291, 59.185369, 58.329151 ] }, { "date": "2024-06-21", "close": 59.372761, "volume": 615000, "typical_volume": 490050.0, "trend": 57.349009, "fair_value": 45.762995, "relative_strength": -17.270072, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.753119, "energy": 29.20882, "activity_lines": [ 60.180658, 60.256033, 59.284348, 58.469465 ] }, { "date": "2024-06-28", "close": 58.25898, "volume": 767000, "typical_volume": 522350.0, "trend": 57.465698, "fair_value": 45.926147, "relative_strength": -17.642613, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.403272, "energy": 22.333833, "activity_lines": [ 59.285798, 59.991523, 59.261903, 58.528173 ] }, { "date": "2024-07-05", "close": 58.687355, "volume": 485000, "typical_volume": 541350.0, "trend": 57.599362, "fair_value": 46.090071, "relative_strength": -18.425749, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.752249, "energy": 22.13555, "activity_lines": [ 58.913743, 59.781488, 59.273341, 58.60699 ] }, { "date": "2024-07-12", "close": 57.830608, "volume": 547000, "typical_volume": 553000.0, "trend": 57.696379, "fair_value": 46.24631, "relative_strength": -20.421277, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.634042, "energy": 18.143543, "activity_lines": [ 58.476025, 59.391955, 59.193838, 58.621909 ] }, { "date": "2024-07-19", "close": 55.860077, "volume": 900000, "typical_volume": 586400.0, "trend": 57.719624, "fair_value": 46.391234, "relative_strength": -19.18956, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -31.543711, "energy": 30.466639, "activity_lines": [ 57.50504, 58.647951, 58.922573, 58.503438 ] }, { "date": "2024-07-26", "close": 53.118481, "volume": 537000, "typical_volume": 584000.0, "trend": 57.676145, "fair_value": 46.515074, "relative_strength": -20.130307, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -46.239289, "energy": 56.542503, "activity_lines": [ 55.877215, 57.448102, 58.39628, 58.20659 ] }, { "date": "2024-08-02", "close": 52.861458, "volume": 423000, "typical_volume": 592650.0, "trend": 57.621359, "fair_value": 46.634855, "relative_strength": -18.319832, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -53.094116, "energy": 70.199678, "activity_lines": [ 54.580668, 56.359762, 57.862288, 57.895965 ] }, { "date": "2024-08-09", "close": 51.576332, "volume": 697000, "typical_volume": 617550.0, "trend": 57.537436, "fair_value": 46.749249, "relative_strength": -19.24806, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -79.882841, "energy": 84.176248, "activity_lines": [ 53.21558, 55.239539, 57.224301, 57.505963 ] }, { "date": "2024-08-16", "close": 52.433079, "volume": 299000, "typical_volume": 626250.0, "trend": 57.413564, "fair_value": 46.87045, "relative_strength": -20.730794, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.900609, "energy": 83.314836, "activity_lines": [ 52.610142, 54.464357, 56.696339, 57.17665 ] }, { "date": "2024-08-23", "close": 52.17606, "volume": 330000, "typical_volume": 637050.0, "trend": 57.294826, "fair_value": 46.990881, "relative_strength": -20.029951, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.20914, "energy": 83.098316, "activity_lines": [ 52.278867, 53.774285, 56.170207, 56.838746 ] }, { "date": "2024-08-30", "close": 53.289837, "volume": 272000, "typical_volume": 637250.0, "trend": 57.199512, "fair_value": 47.121521, "relative_strength": -18.325935, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.011738, "energy": 76.484561, "activity_lines": [ 52.564452, 53.423797, 55.777683, 56.58036 ] }, { "date": "2024-09-06", "close": 52.004711, "volume": 256000, "typical_volume": 623400.0, "trend": 57.039438, "fair_value": 47.241731, "relative_strength": -16.753835, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.044229, "energy": 64.660937, "activity_lines": [ 52.410238, 52.950249, 55.286559, 56.245211 ] }, { "date": "2024-09-13", "close": 52.433079, "volume": 183000, "typical_volume": 623150.0, "trend": 56.896383, "fair_value": 47.362055, "relative_strength": -16.863636, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.148865, "energy": 51.076018, "activity_lines": [ 52.45593, 52.6683, 54.859884, 55.948027 ] }, { "date": "2024-09-20", "close": 52.17606, "volume": 186000, "typical_volume": 618750.0, "trend": 56.73654, "fair_value": 47.480731, "relative_strength": -18.166597, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.916818, "energy": 49.014974, "activity_lines": [ 52.358832, 52.453334, 54.432298, 55.64349 ] }, { "date": "2024-09-27", "close": 52.690109, "volume": 183000, "typical_volume": 605000.0, "trend": 56.588352, "fair_value": 47.60051, "relative_strength": -19.173988, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.906234, "energy": 42.965873, "activity_lines": [ 52.450219, 52.434641, 54.081594, 55.38243 ] }, { "date": "2024-10-04", "close": 51.919029, "volume": 235000, "typical_volume": 567050.0, "trend": 56.430902, "fair_value": 47.715346, "relative_strength": -17.940998, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.629829, "energy": 45.290263, "activity_lines": [ 52.250309, 52.333388, 53.683712, 55.081183 ] }, { "date": "2024-10-11", "close": 51.490658, "volume": 333000, "typical_volume": 514900.0, "trend": 56.256434, "fair_value": 47.831383, "relative_strength": -20.171314, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.763355, "energy": 46.545693, "activity_lines": [ 51.998995, 52.176058, 53.292189, 54.762458 ] }, { "date": "2024-10-18", "close": 51.576332, "volume": 414000, "typical_volume": 487800.0, "trend": 56.057417, "fair_value": 47.94775, "relative_strength": -21.442053, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.648071, "energy": 45.588418, "activity_lines": [ 51.81051, 52.059228, 52.968199, 54.460516 ] }, { "date": "2024-10-25", "close": 52.347404, "volume": 306000, "typical_volume": 461800.0, "trend": 55.870402, "fair_value": 48.064017, "relative_strength": -19.172563, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.775728, "energy": 42.759484, "activity_lines": [ 51.936166, 52.082593, 52.767215, 54.22116 ] }, { "date": "2024-11-01", "close": 51.747684, "volume": 132000, "typical_volume": 405000.0, "trend": 55.663396, "fair_value": 48.174245, "relative_strength": -17.518334, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.536094, "energy": 42.211616, "activity_lines": [ 51.850492, 51.998476, 52.544052, 53.955178 ] }, { "date": "2024-11-08", "close": 51.490658, "volume": 166000, "typical_volume": 382550.0, "trend": 55.436861, "fair_value": 48.284581, "relative_strength": -20.033835, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.442885, "energy": 46.101636, "activity_lines": [ 51.741971, 51.875416, 52.334352, 53.685969 ] }, { "date": "2024-11-15", "close": 48.149334, "volume": 489000, "typical_volume": 368650.0, "trend": 55.142794, "fair_value": 48.375252, "relative_strength": -21.992368, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.195469, "energy": 75.654497, "activity_lines": [ 50.548233, 51.177554, 51.843965, 53.215806 ] }, { "date": "2024-11-22", "close": 49.091759, "volume": 213864, "typical_volume": 355093.2, "trend": 54.866439, "fair_value": 48.471307, "relative_strength": -20.44654, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.944695, "energy": 76.207684, "activity_lines": [ 49.891392, 50.721141, 51.491474, 52.825417 ] }, { "date": "2024-11-29", "close": 48.149334, "volume": 146000, "typical_volume": 335043.2, "trend": 54.536748, "fair_value": 48.560881, "relative_strength": -19.16035, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.38316, "energy": 84.65223, "activity_lines": [ 49.086047, 50.154128, 51.094921, 52.392055 ] }, { "date": "2024-12-06", "close": 49.177433, "volume": 179000, "typical_volume": 298993.2, "trend": 54.235846, "fair_value": 48.65595, "relative_strength": -20.159482, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.437195, "energy": 79.927262, "activity_lines": [ 48.903274, 49.847256, 50.842384, 52.046293 ] }, { "date": "2024-12-13", "close": 48.834732, "volume": 362000, "typical_volume": 290243.2, "trend": 53.802946, "fair_value": 48.748822, "relative_strength": -19.546301, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.862645, "energy": 62.758177, "activity_lines": [ 48.777616, 49.541941, 50.58903, 51.697834 ] }, { "date": "2024-12-20", "close": 48.063656, "volume": 159000, "typical_volume": 277043.2, "trend": 53.273095, "fair_value": 48.837628, "relative_strength": -18.427071, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.604685, "energy": 58.677687, "activity_lines": [ 48.571996, 49.152509, 50.28264, 51.327557 ] }, { "date": "2024-12-27", "close": 48.576176, "volume": 206000, "typical_volume": 252493.2, "trend": 52.826096, "fair_value": 48.926552, "relative_strength": -19.709076, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.391959, "energy": 51.060716, "activity_lines": [ 48.542927, 48.918571, 50.047908, 51.02453 ] }, { "date": "2025-01-03", "close": 48.488964, "volume": 50000, "typical_volume": 240043.2, "trend": 52.45292, "fair_value": 49.015366, "relative_strength": -17.964308, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.243635, "energy": 49.157209, "activity_lines": [ 48.519159, 48.723325, 49.819156, 50.744715 ] }, { "date": "2025-01-10", "close": 47.791279, "volume": 260000, "typical_volume": 236543.2, "trend": 52.055447, "fair_value": 49.097911, "relative_strength": -18.8968, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.232609, "energy": 50.838909, "activity_lines": [ 48.240188, 48.471381, 49.54274, 50.443964 ] }, { "date": "2025-01-17", "close": 46.570335, "volume": 281000, "typical_volume": 236993.2, "trend": 51.6287, "fair_value": 49.17173, "relative_strength": -20.74116, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.509739, "energy": 56.828927, "activity_lines": [ 47.646646, 48.069382, 49.170923, 50.090086 ] }, { "date": "2025-01-24", "close": 47.965702, "volume": 94000, "typical_volume": 228893.2, "trend": 51.28559, "fair_value": 49.248202, "relative_strength": -19.026325, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.678142, "energy": 48.638789, "activity_lines": [ 47.669186, 48.010546, 48.963996, 49.853764 ] }, { "date": "2025-02-07", "close": 51.018063, "volume": 344866, "typical_volume": 236986.5, "trend": 51.029947, "fair_value": 49.344689, "relative_strength": -13.079124, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.071564, "energy": 21.942157, "activity_lines": [ 48.71571, 48.510023, 49.067003, 49.836504 ] }, { "date": "2025-02-14", "close": 50.058754, "volume": 191666, "typical_volume": 237269.8, "trend": 50.770886, "fair_value": 49.436825, "relative_strength": -12.858951, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.906549, "energy": 15.026883, "activity_lines": [ 49.279672, 48.800057, 49.085386, 49.773846 ] }, { "date": "2025-02-21", "close": 50.66922, "volume": 113176, "typical_volume": 233778.6, "trend": 50.597857, "fair_value": 49.524335, "relative_strength": -13.329799, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -9.507235, "energy": 19.154908, "activity_lines": [ 49.94247, 49.166368, 49.171991, 49.767287 ] }, { "date": "2025-02-28", "close": 50.058754, "volume": 113414, "typical_volume": 227699.3, "trend": 50.495866, "fair_value": 49.607033, "relative_strength": -11.274194, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.165223, "energy": 22.659995, "activity_lines": [ 50.209916, 49.394562, 49.210079, 49.732506 ] }, { "date": "2025-03-07", "close": 50.66922, "volume": 942133, "typical_volume": 258155.95, "trend": 50.422792, "fair_value": 49.694544, "relative_strength": -7.733852, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.282107, "energy": 22.629011, "activity_lines": [ 50.44829, 49.711494, 49.315166, 49.74369 ] }, { "date": "2025-03-14", "close": 51.977379, "volume": 699346, "typical_volume": 272423.25, "trend": 50.43616, "fair_value": 49.785496, "relative_strength": -2.348595, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 30.695949, "energy": 35.60201, "activity_lines": [ 50.942482, 50.2189, 49.548751, 49.843986 ] }, { "date": "2025-03-21", "close": 51.890167, "volume": 254470, "typical_volume": 269846.75, "trend": 50.418063, "fair_value": 49.879035, "relative_strength": -3.15118, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.00178, "energy": 42.041498, "activity_lines": [ 51.343649, 50.648609, 49.77212, 49.937793 ] }, { "date": "2025-03-28", "close": 50.66922, "volume": 287364, "typical_volume": 277614.95, "trend": 50.367835, "fair_value": 49.964298, "relative_strength": -2.387644, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 18.767002, "energy": 24.126505, "activity_lines": [ 51.21574, 50.794488, 49.881385, 49.953997 ] }, { "date": "2025-04-04", "close": 51.628536, "volume": 156400, "typical_volume": 277134.95, "trend": 50.312458, "fair_value": 50.053913, "relative_strength": 1.233039, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 30.347325, "energy": 28.910358, "activity_lines": [ 51.407603, 51.062462, 50.08715, 50.035332 ] }, { "date": "2025-04-11", "close": 44.913338, "volume": 981940, "typical_volume": 301781.95, "trend": 50.076079, "fair_value": 50.095538, "relative_strength": -3.528602, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -51.06468, "energy": 25.382069, "activity_lines": [ 49.256414, 50.017523, 49.652716, 49.687002 ] }, { "date": "2025-04-18", "close": 45.87265, "volume": 529222, "typical_volume": 317549.85, "trend": 49.857398, "fair_value": 50.140616, "relative_strength": -0.43068, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -61.763451, "energy": 40.698043, "activity_lines": [ 47.808721, 49.202502, 49.325054, 49.415813 ] }, { "date": "2025-04-25", "close": 45.174969, "volume": 306440, "typical_volume": 325571.85, "trend": 49.624028, "fair_value": 50.183918, "relative_strength": -3.800268, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.586673, "energy": 59.384401, "activity_lines": [ 46.53545, 48.354183, 48.946275, 49.113721 ] }, { "date": "2025-05-02", "close": 46.483124, "volume": 179040, "typical_volume": 325573.85, "trend": 49.417129, "fair_value": 50.239651, "relative_strength": -4.894476, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.818164, "energy": 61.122462, "activity_lines": [ 46.145911, 47.832506, 48.706246, 48.911082 ] }, { "date": "2025-05-09", "close": 47.965702, "volume": 319019, "typical_volume": 323424.8, "trend": 49.285351, "fair_value": 50.306236, "relative_strength": -2.008842, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.476576, "energy": 59.75723, "activity_lines": [ 46.529637, 47.6565, 48.620245, 48.817441 ] }, { "date": "2025-05-16", "close": 46.657547, "volume": 374026, "typical_volume": 334176.1, "trend": 49.124248, "fair_value": 50.362637, "relative_strength": -8.224899, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.125246, "energy": 42.870214, "activity_lines": [ 46.7215, 47.280703, 48.413796, 48.647906 ] }, { "date": "2025-05-23", "close": 47.791279, "volume": 153964, "typical_volume": 331574.3, "trend": 48.998079, "fair_value": 50.427654, "relative_strength": -4.611248, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.481827, "energy": 26.188474, "activity_lines": [ 47.174994, 47.183979, 48.322017, 48.561908 ] }, { "date": "2025-05-30", "close": 46.83197, "volume": 149322, "typical_volume": 336540.4, "trend": 48.814231, "fair_value": 50.483376, "relative_strength": -4.578487, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.340679, "energy": 20.814049, "activity_lines": [ 47.180809, 46.988945, 48.142614, 48.422159 ] }, { "date": "2025-06-06", "close": 47.006386, "volume": 133228, "typical_volume": 330201.8, "trend": 48.656188, "fair_value": 50.541564, "relative_strength": -5.006951, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.64365, "energy": 22.060732, "activity_lines": [ 47.134296, 46.917591, 47.987711, 48.305524 ] }, { "date": "2025-06-13", "close": 47.093597, "volume": 359553, "typical_volume": 334129.45, "trend": 48.509619, "fair_value": 50.596266, "relative_strength": -6.136656, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.206537, "energy": 21.241052, "activity_lines": [ 47.08197, 46.928691, 47.844852, 48.204711 ] }, { "date": "2025-06-20", "close": 46.492794, "volume": 255908, "typical_volume": 342224.85, "trend": 48.454401, "fair_value": 50.641668, "relative_strength": -6.790342, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.000987, "energy": 28.127174, "activity_lines": [ 46.887516, 46.913007, 47.642282, 48.074594 ] }, { "date": "2025-06-27", "close": 48.341415, "volume": 150110, "typical_volume": 332487.05, "trend": 48.42939, "fair_value": 50.70274, "relative_strength": -5.044783, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.578708, "energy": 15.426701, "activity_lines": [ 47.320252, 47.204718, 47.622785, 48.067304 ] }, { "date": "2025-07-04", "close": 49.912743, "volume": 403383, "typical_volume": 343072.9, "trend": 48.48817, "fair_value": 50.779616, "relative_strength": -1.551451, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.935117, "energy": 9.855899, "activity_lines": [ 48.240089, 47.737239, 47.765685, 48.163004 ] }, { "date": "2025-07-11", "close": 48.988434, "volume": 139205, "typical_volume": 344374.35, "trend": 48.48187, "fair_value": 50.848656, "relative_strength": -3.961274, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.214317, "energy": 18.066672, "activity_lines": [ 48.646438, 48.015562, 47.82125, 48.195279 ] }, { "date": "2025-07-18", "close": 47.971695, "volume": 214892, "typical_volume": 349448.25, "trend": 48.453102, "fair_value": 50.910702, "relative_strength": -8.208302, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.116889, "energy": 18.502496, "activity_lines": [ 48.581738, 48.063473, 47.787986, 48.162365 ] }, { "date": "2025-07-25", "close": 47.694397, "volume": 86000, "typical_volume": 306641.6, "trend": 48.440794, "fair_value": 50.967626, "relative_strength": -8.349236, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.594862, "energy": 14.770961, "activity_lines": [ 48.366065, 48.060857, 47.738252, 48.113416 ] }, { "date": "2025-08-01", "close": 47.509537, "volume": 89535, "typical_volume": 276151.05, "trend": 48.405239, "fair_value": 51.020978, "relative_strength": -8.682197, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.970322, "energy": 9.141441, "activity_lines": [ 48.008665, 48.005778, 47.685078, 48.053335 ] }, { "date": "2025-08-08", "close": 47.139812, "volume": 104243, "typical_volume": 268639.7, "trend": 48.360267, "fair_value": 51.069573, "relative_strength": -11.237033, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.523558, "energy": 22.47689, "activity_lines": [ 47.583482, 47.888599, 47.617967, 47.971695 ] }, { "date": "2025-08-15", "close": 46.30793, "volume": 312955, "typical_volume": 269919.25, "trend": 48.310822, "fair_value": 51.110446, "relative_strength": -13.550269, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.929226, "energy": 36.666076, "activity_lines": [ 47.065867, 47.614571, 47.49425, 47.839286 ] }, { "date": "2025-08-22", "close": 46.215504, "volume": 257451, "typical_volume": 274971.8, "trend": 48.298995, "fair_value": 51.14643, "relative_strength": -11.342535, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -62.243163, "energy": 52.681858, "activity_lines": [ 46.696143, 47.336438, 47.382499, 47.704104 ] }, { "date": "2025-08-29", "close": 46.492794, "volume": 187301, "typical_volume": 235239.85, "trend": 48.249898, "fair_value": 51.184668, "relative_strength": -12.199644, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.361479, "energy": 56.456784, "activity_lines": [ 46.535929, 47.124687, 47.322932, 47.587575 ] }, { "date": "2025-09-05", "close": 46.492794, "volume": 251356, "typical_volume": 221346.55, "trend": 48.099055, "fair_value": 51.220518, "relative_strength": -12.756841, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.087903, "energy": 55.949909, "activity_lines": [ 46.455822, 46.912936, 47.255845, 47.474213 ] }, { "date": "2025-09-12", "close": 46.954948, "volume": 391982, "typical_volume": 225623.65, "trend": 47.995595, "fair_value": 51.255989, "relative_strength": -14.840601, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.935663, "energy": 36.291707, "activity_lines": [ 46.597549, 46.818824, 47.229819, 47.4004 ] }, { "date": "2025-09-19", "close": 51.39164, "volume": 1399827, "typical_volume": 286663.0, "trend": 48.019676, "fair_value": 51.317989, "relative_strength": -6.840545, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 22.846316, "energy": 19.888652, "activity_lines": [ 48.230498, 47.585161, 47.617859, 47.6195 ] }, { "date": "2025-09-26", "close": 50.374901, "volume": 490858, "typical_volume": 295254.95, "trend": 48.030214, "fair_value": 51.359622, "relative_strength": -8.37581, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 40.95946, "energy": 45.631154, "activity_lines": [ 49.185619, 48.122942, 47.885692, 47.77145 ] }, { "date": "2025-10-03", "close": 50.744625, "volume": 135938, "typical_volume": 283350.55, "trend": 48.032728, "fair_value": 51.405536, "relative_strength": -11.448826, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 45.667505, "energy": 68.620052, "activity_lines": [ 49.986689, 48.684251, 48.177266, 47.946573 ] }, { "date": "2025-10-10", "close": 49.543018, "volume": 110533, "typical_volume": 281179.0, "trend": 47.951582, "fair_value": 51.461417, "relative_strength": -14.865922, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 62.925048, "energy": 77.299714, "activity_lines": [ 50.103768, 48.971627, 48.334938, 48.044011 ] }, { "date": "2025-10-17", "close": 48.618706, "volume": 263080, "typical_volume": 286866.9, "trend": 47.842533, "fair_value": 51.50803, "relative_strength": -16.101684, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.875574, "energy": 68.474889, "activity_lines": [ 49.709395, 49.053975, 48.396239, 48.087051 ] }, { "date": "2025-10-24", "close": 49.543018, "volume": 294181, "typical_volume": 294914.55, "trend": 47.804993, "fair_value": 51.558881, "relative_strength": -14.91487, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.375632, "energy": 45.057316, "activity_lines": [ 49.512208, 49.27749, 48.537061, 48.19676 ] }, { "date": "2025-10-31", "close": 49.820313, "volume": 461393, "typical_volume": 300006.55, "trend": 47.744719, "fair_value": 51.617758, "relative_strength": -16.199509, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.263868, "energy": 34.519711, "activity_lines": [ 49.530694, 49.492602, 48.692213, 48.326781 ] }, { "date": "2025-11-07", "close": 49.635452, "volume": 431016, "typical_volume": 308761.95, "trend": 47.902123, "fair_value": 51.686023, "relative_strength": -14.380718, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.553265, "energy": 27.366193, "activity_lines": [ 49.524533, 49.608561, 48.816775, 48.448763 ] }, { "date": "2025-11-14", "close": 48.526279, "volume": 500383, "typical_volume": 326275.6, "trend": 47.990577, "fair_value": 51.74093, "relative_strength": -15.195512, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.876413, "energy": 22.990596, "activity_lines": [ 49.222592, 49.465714, 48.820737, 48.489031 ] }, { "date": "2025-11-21", "close": 46.400364, "volume": 211723, "typical_volume": 316692.6, "trend": 48.031424, "fair_value": 51.785573, "relative_strength": -15.677148, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 6.284481, "energy": 11.314995, "activity_lines": [ 48.279796, 48.899363, 48.62135, 48.386437 ] }, { "date": "2025-11-28", "close": 46.862518, "volume": 80173, "typical_volume": 313741.0, "trend": 48.04407, "fair_value": 51.831257, "relative_strength": -18.17243, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.662483, "energy": 23.305235, "activity_lines": [ 47.63894, 48.427125, 48.482703, 48.311024 ] }, { "date": "2025-12-05", "close": 46.30793, "volume": 367288, "typical_volume": 321360.8, "trend": 47.988811, "fair_value": 51.86858, "relative_strength": -19.787108, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.828592, "energy": 32.728216, "activity_lines": [ 46.991922, 47.936399, 48.301362, 48.199015 ] }, { "date": "2025-12-12", "close": 45.660919, "volume": 311177, "typical_volume": 332619.65, "trend": 47.95559, "fair_value": 51.894546, "relative_strength": -21.148622, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.895183, "energy": 53.161141, "activity_lines": [ 46.363392, 47.40198, 48.066323, 48.048828 ] }, { "date": "2025-12-19", "close": 45.799564, "volume": 191127, "typical_volume": 337699.25, "trend": 47.8892, "fair_value": 51.922843, "relative_strength": -19.122365, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.086468, "energy": 64.948688, "activity_lines": [ 46.046046, 46.985201, 47.854172, 47.90973 ] }, { "date": "2025-12-26", "close": 45.510918, "volume": 338100, "typical_volume": 349392.1, "trend": 47.845165, "fair_value": 51.946406, "relative_strength": -21.652542, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -71.403117, "energy": 76.958246, "activity_lines": [ 45.814265, 46.584003, 47.622674, 47.756292 ] }, { "date": "2026-01-02", "close": 44.992142, "volume": 248274, "typical_volume": 346158.05, "trend": 47.778023, "fair_value": 51.965403, "relative_strength": -24.243654, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.72221, "energy": 78.609886, "activity_lines": [ 45.468856, 46.144987, 47.349525, 47.572226 ] }, { "date": "2026-01-09", "close": 43.530132, "volume": 407924, "typical_volume": 353681.7, "trend": 47.659241, "fair_value": 51.980929, "relative_strength": -28.516329, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.609283, "energy": 85.584824, "activity_lines": [ 44.760802, 45.522895, 46.943402, 47.298169 ] }, { "date": "2026-01-16", "close": 43.294327, "volume": 663765, "typical_volume": 377504.9, "trend": 47.552626, "fair_value": 51.993959, "relative_strength": -30.977094, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.840768, "energy": 87.030486, "activity_lines": [ 44.159333, 44.972296, 46.52761, 47.016561 ] }, { "date": "2026-01-23", "close": 42.822708, "volume": 395718, "typical_volume": 384723.0, "trend": 47.368669, "fair_value": 51.997575, "relative_strength": -32.472817, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.513317, "energy": 89.506298, "activity_lines": [ 43.55843, 44.451241, 46.082132, 46.711405 ] }, { "date": "2026-01-30", "close": 42.162449, "volume": 302073, "typical_volume": 380227.55, "trend": 47.110326, "fair_value": 51.997451, "relative_strength": -33.257677, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.757442, "energy": 91.341764, "activity_lines": [ 42.935898, 43.913841, 45.591249, 46.37552 ] }, { "date": "2026-02-06", "close": 42.068123, "volume": 332506, "typical_volume": 326861.5, "trend": 46.879649, "fair_value": 51.978531, "relative_strength": -32.25695, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.211374, "energy": 87.819146, "activity_lines": [ 42.505155, 43.436343, 45.114204, 46.050217 ] }, { "date": "2026-02-13", "close": 41.502186, "volume": 220225, "typical_volume": 313329.85, "trend": 46.663998, "fair_value": 51.951559, "relative_strength": -36.211178, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.568812, "energy": 89.903203, "activity_lines": [ 42.080701, 42.943118, 44.627658, 45.703284 ] }, { "date": "2026-02-27", "close": 41.502186, "volume": 302951, "typical_volume": 321680.5, "trend": 46.457591, "fair_value": 51.909838, "relative_strength": -38.884363, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.996247, "energy": 88.278737, "activity_lines": [ 41.791443, 42.537271, 44.183363, 45.370263 ] }, { "date": "2026-03-06", "close": 39.710045, "volume": 431860, "typical_volume": 337746.85, "trend": 46.197608, "fair_value": 51.831064, "relative_strength": -37.746881, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.251105, "energy": 93.27846, "activity_lines": [ 41.024281, 41.881193, 43.612399, 44.934938 ] }, { "date": "2026-03-13", "close": 41.172054, "volume": 344868, "typical_volume": 341836.25, "trend": 45.998683, "fair_value": 51.757237, "relative_strength": -34.397623, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.52234, "energy": 77.864752, "activity_lines": [ 40.951967, 41.601653, 43.227498, 44.610709 ] }, { "date": "2026-03-20", "close": 41.455025, "volume": 359126, "typical_volume": 345083.5, "trend": 45.836919, "fair_value": 51.694074, "relative_strength": -33.459766, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.3717, "energy": 64.3631, "activity_lines": [ 41.040002, 41.452452, 42.905007, 44.317569 ] }, { "date": "2026-03-27", "close": 40.606113, "volume": 166814, "typical_volume": 330354.55, "trend": 45.64994, "fair_value": 51.619569, "relative_strength": -33.205666, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.103371, "energy": 65.448496, "activity_lines": [ 40.88594, 41.213213, 42.540182, 43.980098 ] }, { "date": "2026-04-03", "close": 41.172054, "volume": 237250, "typical_volume": 320666.25, "trend": 45.472582, "fair_value": 51.530994, "relative_strength": -30.362771, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.973962, "energy": 54.951273, "activity_lines": [ 40.980263, 41.130037, 42.273132, 43.691202 ] }, { "date": "2026-04-10", "close": 40.747601, "volume": 189110, "typical_volume": 305102.6, "trend": 45.281075, "fair_value": 51.455429, "relative_strength": -35.750587, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.329826, "energy": 51.818202, "activity_lines": [ 40.955111, 41.008275, 42.005961, 43.386365 ] }, { "date": "2026-04-17", "close": 39.898689, "volume": 591606, "typical_volume": 324096.75, "trend": 45.045867, "fair_value": 51.375898, "relative_strength": -38.658198, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.987243, "energy": 57.235355, "activity_lines": [ 40.577817, 40.769894, 41.694982, 43.039114 ] }, { "date": "2026-04-24", "close": 40.228825, "volume": 672031, "typical_volume": 353689.65, "trend": 44.673773, "fair_value": 51.265053, "relative_strength": -40.671496, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.960665, "energy": 54.569488, "activity_lines": [ 40.39546, 40.632697, 41.446405, 42.728337 ] }, { "date": "2026-05-01", "close": 41.360699, "volume": 426395, "typical_volume": 356645.0, "trend": 44.373299, "fair_value": 51.18801, "relative_strength": -38.166609, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.502297, "energy": 46.651842, "activity_lines": [ 40.672141, 40.734737, 41.337214, 42.51459 ] }, { "date": "2026-05-08", "close": 43.15284, "volume": 594829, "typical_volume": 370827.6, "trend": 44.12024, "fair_value": 51.119507, "relative_strength": -38.818069, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.15817, "energy": 21.709184, "activity_lines": [ 41.495897, 41.165194, 41.422262, 42.435851 ] }, { "date": "2026-05-15", "close": 41.596504, "volume": 370424, "typical_volume": 379792.45, "trend": 43.855356, "fair_value": 51.038076, "relative_strength": -39.526285, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.555607, "energy": 20.03038, "activity_lines": [ 41.668821, 41.282668, 41.371031, 42.273029 ] }, { "date": "2026-05-22", "close": 41.973801, "volume": 289080, "typical_volume": 377341.45, "trend": 43.633859, "fair_value": 50.969881, "relative_strength": -39.767053, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.452782, "energy": 18.807456, "activity_lines": [ 41.910918, 41.434443, 41.375747, 42.151639 ] }, { "date": "2026-05-29", "close": 40.841923, "volume": 420388, "typical_volume": 385947.15, "trend": 43.343823, "fair_value": 50.88853, "relative_strength": -43.772071, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.496124, "energy": 17.826312, "activity_lines": [ 41.637381, 41.365845, 41.289508, 41.971514 ] }, { "date": "2026-06-05", "close": 44.048908, "volume": 939123, "typical_volume": 412507.1, "trend": 43.151443, "fair_value": 50.820854, "relative_strength": -38.931911, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 9.432794, "energy": 13.414405, "activity_lines": [ 42.391966, 41.891481, 41.52846, 42.017003 ] }, { "date": "2026-06-12", "close": 43.482967, "volume": 651339, "typical_volume": 411885.8, "trend": 42.94636, "fair_value": 50.737751, "relative_strength": -37.596484, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.505414, "energy": 15.914821, "activity_lines": [ 42.778689, 42.251624, 41.711043, 42.038392 ] }, { "date": "2026-06-19", "close": 43.0, "volume": 580257, "typical_volume": 421112.75, "trend": 42.76215, "fair_value": 50.660893, "relative_strength": -40.462319, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.801293, "energy": 24.73035, "activity_lines": [ 42.982416, 42.481937, 41.84673, 42.041853 ] }, { "date": "2026-06-26", "close": 41.200001, "volume": 607000, "typical_volume": 436359.1, "trend": 42.588805, "fair_value": 50.565685, "relative_strength": -39.646741, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.057909, "energy": 17.522601, "activity_lines": [ 42.492576, 42.344026, 41.810144, 41.941069 ] }, { "date": "2026-07-03", "close": 41.950001, "volume": 360918, "typical_volume": 437779.7, "trend": 42.425054, "fair_value": 50.471655, "relative_strength": -40.520498, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.55501, "energy": 11.560764, "activity_lines": [ 42.304323, 42.318817, 41.84957, 41.899856 ] }, { "date": "2026-07-10", "close": 42.0, "volume": 227259, "typical_volume": 438131.4, "trend": 42.281457, "fair_value": 50.382094, "relative_strength": -37.551579, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.963576, "energy": 9.517881, "activity_lines": [ 42.058865, 42.271405, 41.894321, 41.872433 ] }, { "date": "2026-07-17", "close": 41.799999, "volume": 321318, "typical_volume": 439049.75, "trend": 42.152759, "fair_value": 50.288139, "relative_strength": -32.919644, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -2.029491, "energy": 8.447573, "activity_lines": [ 41.883333, 42.176006, 41.917653, 41.841371 ] }, { "date": "2026-07-24", "close": 42.849998, "volume": 277377, "typical_volume": 431325.6, "trend": 42.054441, "fair_value": 50.205063, "relative_strength": -31.823287, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.72489, "energy": 5.618447, "activity_lines": [ 42.169999, 42.296113, 42.039567, 41.886354 ] }, { "date": "2026-07-31", "close": 42.400002, "volume": 311000, "typical_volume": 429632.2, "trend": 41.950743, "fair_value": 50.12014, "relative_strength": -30.723076, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.288083, "energy": 7.491028, "activity_lines": [ 42.316667, 42.311612, 42.103671, 41.908648 ] }, { "date": "2026-08-07", "close": 42.25, "volume": 140437, "typical_volume": 418697.75, "trend": 41.859339, "fair_value": 50.033218, "relative_strength": -31.70278, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 41.110017, "energy": 18.809465, "activity_lines": [ 42.333333, 42.292088, 42.147643, 41.927955 ] }, { "date": "2026-08-14", "close": 43.400002, "volume": 307717, "typical_volume": 425742.9, "trend": 41.855001, "fair_value": 49.958853, "relative_strength": -31.312719, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 54.51883, "energy": 36.63509, "activity_lines": [ 42.713334, 42.456054, 42.297353, 42.027353 ] } ], "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." } } }