{ "ticker": { "uuid": "3da41101-b6de-4992-8d19-c95e960cfb7a", "symbol": "4729", "name": "Mildex Optical 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": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -56.037, "architecture_energy": 50.702, "architecture_maturity": 10.874, "architecture_confidence": 87.638, "architecture_tenure": "New", "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": 31.61, "rotation_up": 10.91, "upward_expansion": 9.49, "deceleration": 40.56, "rotation_down": 63.86, "downward_expansion": 82.82 }, "activity_lines": [ 19.376667, 20.037273, 20.989286, 21.063441 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 19.450001, "trend_reference": 21.278333, "distance_from_trend": -0.085925, "trend_direction": "Weakening", "fair_value": 20.72223, "distance_from_fair_value": -0.061394, "fair_value_direction": "Weakening", "relative_strength": -37.333199, "relative_strength_direction": "Weakening", "price_momentum": -0.082547, "excess_performance": -0.523919, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.085925, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.018452, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.061394, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.084816, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.373332, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.015953, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.082547, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.699748, "read": "Supply-led" } ], "volume": { "latest": 595975, "relative_activity": 0.166157, "balance": 0.699748, "dry_up": 0.250203, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.132292, "annualized_volatility": 0.446088, "from_high_reference": -0.305357, "from_low_reference": 0.124278 }, "levels": { "trend_reference": 21.278333, "fair_value_reference": 20.72223, "structural_low": 17.299999, "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": 19, "median_return": 0.042763, "positive_rate": 0.789474, "directional_follow_through": 0.210526, "median_excess_return": 0.036215, "regime_survival": 0.736842, "best_return": 0.274112, "worst_return": -0.176596, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.140969, "positive_rate": 0.714286, "directional_follow_through": 0.285714, "median_excess_return": -0.022016, "regime_survival": 0.285714, "best_return": 0.243968, "worst_return": -0.186641, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.095719, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.072168, "regime_survival": 0.0, "best_return": 0.224422, "worst_return": 0.011792, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.07489, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.242357, "regime_survival": 0.0, "best_return": 0.89559, "worst_return": -0.10596, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-14", "end": "2025-05-16", "tenure": "Developing", "return": -0.060167, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-05-23", "end": "2025-05-30", "tenure": "New", "return": -0.054591, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-06-06", "end": "2025-08-01", "tenure": "Developing", "return": 0.332461, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-08", "end": "2025-09-05", "tenure": "Developing", "return": 0.133929, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-12", "end": "2025-09-26", "tenure": "New", "return": 0.015086, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-03", "end": "2025-11-07", "tenure": "Developing", "return": -0.115721, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-14", "end": "2025-12-26", "tenure": "Developing", "return": 0.169118, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-02", "end": "2026-01-30", "tenure": "Developing", "return": -0.116327, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-06", "end": "2026-03-27", "tenure": "Developing", "return": -0.028302, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-03", "end": "2026-05-15", "tenure": "Developing", "return": 0.072351, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-22", "end": "2026-06-05", "tenure": "New", "return": -0.050781, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-12", "end": "2026-06-26", "tenure": "New", "return": -0.020362, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-03", "end": "2026-07-31", "tenure": "Developing", "return": -0.168122, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-08-07", "end": "2026-08-14", "tenure": "New", "return": -0.020151, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 15.403856, "volume": 266000, "typical_volume": 770150.0, "trend": 15.433405, "fair_value": 15.272378, "relative_strength": -4.231107, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -2.617887, "energy": 19.432964, "activity_lines": [ 15.612401, 15.887253, 16.044947, 15.844863 ] }, { "date": "2023-08-18", "close": 15.451253, "volume": 120000, "typical_volume": 747400.0, "trend": 15.487795, "fair_value": 15.246007, "relative_strength": -2.509236, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -0.04507, "energy": 21.820479, "activity_lines": [ 15.501809, 15.770151, 15.994584, 15.846015 ] }, { "date": "2023-08-25", "close": 15.451253, "volume": 186000, "typical_volume": 749150.0, "trend": 15.549863, "fair_value": 15.206823, "relative_strength": -2.961939, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -19.429726, "energy": 33.4639, "activity_lines": [ 15.467052, 15.675309, 15.942373, 15.843657 ] }, { "date": "2023-09-01", "close": 15.546046, "volume": 120000, "typical_volume": 712150.0, "trend": 15.596665, "fair_value": 15.176013, "relative_strength": -3.15347, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.219027, "energy": 28.986676, "activity_lines": [ 15.48917, 15.613263, 15.897561, 15.843411 ] }, { "date": "2023-09-08", "close": 15.49865, "volume": 106000, "typical_volume": 691800.0, "trend": 15.652635, "fair_value": 15.152276, "relative_strength": -2.779131, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -15.580032, "energy": 16.319352, "activity_lines": [ 15.48917, 15.561558, 15.852738, 15.837087 ] }, { "date": "2023-09-15", "close": 15.49865, "volume": 164000, "typical_volume": 688550.0, "trend": 15.702464, "fair_value": 15.133587, "relative_strength": -4.574715, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -21.730569, "energy": 15.77901, "activity_lines": [ 15.49865, 15.525364, 15.808034, 15.827153 ] }, { "date": "2023-09-22", "close": 15.21427, "volume": 218000, "typical_volume": 691100.0, "trend": 15.724387, "fair_value": 15.116958, "relative_strength": -2.874419, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -28.738833, "energy": 19.802354, "activity_lines": [ 15.407016, 15.448668, 15.734393, 15.795656 ] }, { "date": "2023-09-29", "close": 14.692909, "volume": 199000, "typical_volume": 389750.0, "trend": 15.732002, "fair_value": 15.09388, "relative_strength": -6.089356, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -66.816282, "energy": 46.703148, "activity_lines": [ 15.157395, 15.302169, 15.611258, 15.72911 ] }, { "date": "2023-10-06", "close": 14.361134, "volume": 154000, "typical_volume": 333900.0, "trend": 15.707061, "fair_value": 15.068288, "relative_strength": -8.937944, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.900955, "energy": 63.883746, "activity_lines": [ 14.847738, 15.116031, 15.464869, 15.640666 ] }, { "date": "2023-10-13", "close": 14.124151, "volume": 111000, "typical_volume": 281700.0, "trend": 15.686505, "fair_value": 15.047388, "relative_strength": -11.691267, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.927454, "energy": 76.306716, "activity_lines": [ 14.538081, 14.906624, 15.305834, 15.538543 ] }, { "date": "2023-10-20", "close": 14.408531, "volume": 55000, "typical_volume": 250000.0, "trend": 15.661609, "fair_value": 15.022488, "relative_strength": -7.927703, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.475917, "energy": 74.494142, "activity_lines": [ 14.41485, 14.776499, 15.185594, 15.456093 ] }, { "date": "2023-10-27", "close": 14.55072, "volume": 65000, "typical_volume": 224050.0, "trend": 15.644523, "fair_value": 14.999664, "relative_strength": -5.096332, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.604655, "energy": 71.081015, "activity_lines": [ 14.41169, 14.690324, 15.089473, 15.384423 ] }, { "date": "2023-11-03", "close": 14.408531, "volume": 117000, "typical_volume": 204550.0, "trend": 15.621162, "fair_value": 14.982141, "relative_strength": -7.941479, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.219674, "energy": 62.45693, "activity_lines": [ 14.405371, 14.594669, 14.989927, 15.304682 ] }, { "date": "2023-11-10", "close": 14.455927, "volume": 369000, "typical_volume": 207800.0, "trend": 15.553316, "fair_value": 14.96298, "relative_strength": -8.364735, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.830353, "energy": 41.803575, "activity_lines": [ 14.433809, 14.526591, 14.903937, 15.229505 ] }, { "date": "2023-11-17", "close": 14.55072, "volume": 104000, "typical_volume": 201950.0, "trend": 15.520875, "fair_value": 14.949863, "relative_strength": -10.321358, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.57704, "energy": 38.89826, "activity_lines": [ 14.487525, 14.495568, 14.83713, 15.164822 ] }, { "date": "2023-11-24", "close": 15.21427, "volume": 913000, "typical_volume": 233150.0, "trend": 15.524372, "fair_value": 14.945659, "relative_strength": -6.488531, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.416839, "energy": 21.201649, "activity_lines": [ 14.733986, 14.602425, 14.842095, 15.145041 ] }, { "date": "2023-12-01", "close": 15.024686, "volume": 148000, "typical_volume": 222700.0, "trend": 15.516943, "fair_value": 14.94024, "relative_strength": -8.326989, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.616144, "energy": 17.88336, "activity_lines": [ 14.863537, 14.679983, 14.833293, 15.112803 ] }, { "date": "2023-12-08", "close": 14.929893, "volume": 188000, "typical_volume": 204750.0, "trend": 15.466431, "fair_value": 14.940426, "relative_strength": -8.459779, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.066338, "energy": 18.12205, "activity_lines": [ 14.929892, 14.743753, 14.822911, 15.074929 ] }, { "date": "2023-12-15", "close": 14.787703, "volume": 214000, "typical_volume": 201000.0, "trend": 15.411179, "fair_value": 14.931934, "relative_strength": -10.635657, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.709773, "energy": 17.960135, "activity_lines": [ 14.914094, 14.777362, 14.803276, 15.03114 ] }, { "date": "2023-12-22", "close": 14.692909, "volume": 203000, "typical_volume": 201000.0, "trend": 15.348162, "fair_value": 14.924388, "relative_strength": -10.511919, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.468007, "energy": 11.383751, "activity_lines": [ 14.844579, 14.785979, 14.777772, 14.9848 ] }, { "date": "2023-12-29", "close": 14.645513, "volume": 146000, "typical_volume": 195000.0, "trend": 15.282028, "fair_value": 14.921198, "relative_strength": -12.047885, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.131017, "energy": 18.466722, "activity_lines": [ 14.749785, 14.775638, 14.752268, 14.939467 ] }, { "date": "2024-01-05", "close": 14.503325, "volume": 91000, "typical_volume": 193550.0, "trend": 15.20962, "fair_value": 14.918261, "relative_strength": -10.590128, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.36472, "energy": 25.856428, "activity_lines": [ 14.645514, 14.735136, 14.716834, 14.889229 ] }, { "date": "2024-01-12", "close": 14.408531, "volume": 179000, "typical_volume": 193200.0, "trend": 15.146336, "fair_value": 14.912386, "relative_strength": -10.90358, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.465874, "energy": 34.472437, "activity_lines": [ 14.544401, 14.67826, 14.676885, 14.837545 ] }, { "date": "2024-01-19", "close": 15.925218, "volume": 2105999, "typical_volume": 292499.95, "trend": 15.124218, "fair_value": 14.914681, "relative_strength": -2.400355, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 6.220461, "energy": 6.657754, "activity_lines": [ 14.983608, 14.897146, 14.786349, 14.887796 ] }, { "date": "2024-01-26", "close": 17.347113, "volume": 14263000, "typical_volume": 1000349.95, "trend": 15.157395, "fair_value": 14.93075, "relative_strength": 4.344326, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 38.389564, "energy": 50.636673, "activity_lines": [ 15.820946, 15.347843, 15.029425, 15.031208 ] }, { "date": "2024-02-02", "close": 18.532024, "volume": 20782000, "typical_volume": 2031249.95, "trend": 15.237969, "fair_value": 14.961792, "relative_strength": 10.794886, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 81.196767, "energy": 79.594578, "activity_lines": [ 16.876308, 15.963135, 15.376548, 15.248926 ] }, { "date": "2024-02-09", "close": 17.299717, "volume": 1256000, "typical_volume": 2083149.95, "trend": 15.261667, "fair_value": 14.984935, "relative_strength": 3.072442, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.163726, "energy": 76.517817, "activity_lines": [ 17.261799, 16.294049, 15.591863, 15.381942 ] }, { "date": "2024-02-16", "close": 17.963268, "volume": 943000, "typical_volume": 2120349.95, "trend": 15.332762, "fair_value": 15.017767, "relative_strength": 3.954775, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.688805, "energy": 80.724286, "activity_lines": [ 17.682048, 16.704244, 15.860443, 15.556239 ] }, { "date": "2024-02-23", "close": 19.622143, "volume": 23711000, "typical_volume": 3298199.95, "trend": 15.471792, "fair_value": 15.054244, "relative_strength": 11.628967, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.339941, "energy": 83.780896, "activity_lines": [ 18.418273, 17.360901, 16.271438, 15.832973 ] }, { "date": "2024-03-01", "close": 20.664865, "volume": 6823000, "typical_volume": 3633799.95, "trend": 15.639259, "fair_value": 15.088086, "relative_strength": 16.873222, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.735263, "energy": 82.293069, "activity_lines": [ 19.255611, 18.119244, 16.756688, 16.16801 ] }, { "date": "2024-03-08", "close": 18.247644, "volume": 4813000, "typical_volume": 3871699.95, "trend": 15.734052, "fair_value": 15.106433, "relative_strength": -1.12465, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.01257, "energy": 53.764842, "activity_lines": [ 19.066024, 18.329512, 16.98058, 16.336293 ] }, { "date": "2024-03-15", "close": 16.778357, "volume": 1668000, "typical_volume": 3951849.95, "trend": 15.778289, "fair_value": 15.117691, "relative_strength": -8.419513, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.748097, "energy": 43.246177, "activity_lines": [ 18.405634, 18.207143, 17.046258, 16.403668 ] }, { "date": "2024-03-22", "close": 18.152853, "volume": 986000, "typical_volume": 3995299.95, "trend": 15.868342, "fair_value": 15.139313, "relative_strength": -3.48177, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.487659, "energy": 31.007031, "activity_lines": [ 18.238167, 18.293319, 17.232233, 16.556866 ] }, { "date": "2024-03-29", "close": 17.678888, "volume": 523000, "typical_volume": 4002999.95, "trend": 15.939437, "fair_value": 15.156732, "relative_strength": -6.155894, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.171654, "energy": 19.807082, "activity_lines": [ 17.900072, 18.22524, 17.355238, 16.673675 ] }, { "date": "2024-04-05", "close": 17.584095, "volume": 955000, "typical_volume": 4045549.95, "trend": 16.008952, "fair_value": 15.175874, "relative_strength": -6.684148, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.997701, "energy": 19.156156, "activity_lines": [ 17.65993, 18.108042, 17.453868, 16.779782 ] }, { "date": "2024-04-12", "close": 17.726284, "volume": 1009000, "typical_volume": 4050349.95, "trend": 16.083206, "fair_value": 15.197868, "relative_strength": -7.392658, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.806398, "energy": 15.648005, "activity_lines": [ 17.672568, 18.012387, 17.551595, 16.890577 ] }, { "date": "2024-04-19", "close": 16.541372, "volume": 968000, "typical_volume": 4091349.95, "trend": 16.127443, "fair_value": 15.198288, "relative_strength": -7.94706, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.736497, "energy": 13.690706, "activity_lines": [ 17.324994, 17.715943, 17.524511, 16.920137 ] }, { "date": "2024-04-26", "close": 16.636166, "volume": 548000, "typical_volume": 4109349.95, "trend": 16.192218, "fair_value": 15.18029, "relative_strength": -9.880554, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.498238, "energy": 10.226313, "activity_lines": [ 17.024817, 17.450523, 17.499233, 16.952957 ] }, { "date": "2024-05-03", "close": 16.636166, "volume": 210000, "typical_volume": 4109149.95, "trend": 16.268053, "fair_value": 15.166563, "relative_strength": -10.515211, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.402758, "energy": 11.618368, "activity_lines": [ 16.825752, 17.209232, 17.46583, 16.981599 ] }, { "date": "2024-05-10", "close": 16.399183, "volume": 429000, "typical_volume": 4120449.95, "trend": 16.343887, "fair_value": 15.15054, "relative_strength": -12.909701, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.276831, "energy": 13.403751, "activity_lines": [ 16.617207, 16.979144, 17.401054, 16.990059 ] }, { "date": "2024-05-17", "close": 16.256994, "volume": 781000, "typical_volume": 4152199.95, "trend": 16.405503, "fair_value": 15.141371, "relative_strength": -15.446372, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -0.573747, "energy": 20.012223, "activity_lines": [ 16.44026, 16.800761, 17.314612, 16.984453 ] }, { "date": "2024-05-24", "close": 16.778357, "volume": 1103000, "typical_volume": 4202799.95, "trend": 16.479757, "fair_value": 15.153795, "relative_strength": -13.55978, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 2.138678, "energy": 21.791216, "activity_lines": [ 16.535054, 16.753365, 17.27015, 17.008508 ] }, { "date": "2024-05-31", "close": 17.252321, "volume": 590000, "typical_volume": 4223349.95, "trend": 16.57455, "fair_value": 15.171586, "relative_strength": -9.125558, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 6.168046, "energy": 9.135464, "activity_lines": [ 16.772036, 16.792144, 17.259994, 17.058351 ] }, { "date": "2024-06-07", "close": 17.062733, "volume": 752000, "typical_volume": 4155650.0, "trend": 16.661444, "fair_value": 15.167582, "relative_strength": -12.54917, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.707014, "energy": 9.848751, "activity_lines": [ 16.904746, 16.812826, 17.21824, 17.089847 ] }, { "date": "2024-06-14", "close": 16.977669, "volume": 486000, "typical_volume": 3466800.0, "trend": 16.742342, "fair_value": 15.170799, "relative_strength": -15.139045, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.346891, "energy": 14.378167, "activity_lines": [ 16.980663, 16.829244, 17.162967, 17.110248 ] }, { "date": "2024-06-21", "close": 16.684952, "volume": 533000, "typical_volume": 2454350.0, "trend": 16.791365, "fair_value": 15.173305, "relative_strength": -18.854022, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.44896, "energy": 8.766572, "activity_lines": [ 16.920442, 16.803467, 17.081577, 17.106546 ] }, { "date": "2024-06-28", "close": 16.782524, "volume": 784000, "typical_volume": 2430750.0, "trend": 16.849959, "fair_value": 15.176824, "relative_strength": -17.167036, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.867454, "energy": 6.070388, "activity_lines": [ 16.864215, 16.814364, 17.018274, 17.105975 ] }, { "date": "2024-07-05", "close": 17.319174, "volume": 748000, "typical_volume": 2421000.0, "trend": 16.929602, "fair_value": 15.183783, "relative_strength": -15.995304, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.165867, "energy": 2.658398, "activity_lines": [ 16.986593, 16.918449, 17.008544, 17.136247 ] }, { "date": "2024-07-12", "close": 17.36796, "volume": 450000, "typical_volume": 1257950.0, "trend": 17.015611, "fair_value": 15.19455, "relative_strength": -16.599773, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 15.066629, "energy": 8.759318, "activity_lines": [ 17.120776, 17.018986, 17.006527, 17.164529 ] }, { "date": "2024-07-19", "close": 20.002428, "volume": 10819000, "typical_volume": 1457750.0, "trend": 17.192595, "fair_value": 15.22298, "relative_strength": 0.572949, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.859792, "energy": 61.224234, "activity_lines": [ 18.112767, 17.585212, 17.266146, 17.357226 ] }, { "date": "2024-07-26", "close": 18.685194, "volume": 2229000, "typical_volume": 1328550.0, "trend": 17.327251, "fair_value": 15.241803, "relative_strength": -2.759542, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.109756, "energy": 59.071178, "activity_lines": [ 18.464029, 17.846427, 17.403469, 17.453523 ] }, { "date": "2024-08-02", "close": 19.709709, "volume": 11722000, "typical_volume": 1831250.0, "trend": 17.500797, "fair_value": 15.26758, "relative_strength": 4.893984, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.088948, "energy": 68.60981, "activity_lines": [ 19.023447, 18.249768, 17.636281, 17.60723 ] }, { "date": "2024-08-09", "close": 17.611893, "volume": 3134000, "typical_volume": 1938650.0, "trend": 17.607575, "fair_value": 15.282629, "relative_strength": -5.306764, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.904928, "energy": 54.373648, "activity_lines": [ 18.688447, 18.218391, 17.655342, 17.614398 ] }, { "date": "2024-08-16", "close": 17.758253, "volume": 2528000, "typical_volume": 2038900.0, "trend": 17.668677, "fair_value": 15.298615, "relative_strength": -7.977104, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": 22.193298, "energy": 18.080507, "activity_lines": [ 18.382719, 18.207087, 17.690918, 17.624119 ] }, { "date": "2024-08-23", "close": 25.564079, "volume": 26325000, "typical_volume": 3307400.0, "trend": 17.942575, "fair_value": 15.371628, "relative_strength": 32.975704, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.378268, "energy": 60.819797, "activity_lines": [ 20.652913, 19.602379, 18.469528, 18.1335 ] }, { "date": "2024-08-30", "close": 26.783739, "volume": 10579000, "typical_volume": 3785900.0, "trend": 18.217633, "fair_value": 15.457119, "relative_strength": 37.810417, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.511769, "energy": 81.697037, "activity_lines": [ 22.958884, 21.06331, 19.326297, 18.703897 ] }, { "date": "2024-09-06", "close": 29.223059, "volume": 7573000, "typical_volume": 4116150.0, "trend": 18.615077, "fair_value": 15.555528, "relative_strength": 54.743612, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.115021, "energy": 91.441179, "activity_lines": [ 25.538059, 22.78414, 20.372251, 19.413925 ] }, { "date": "2024-09-13", "close": 24.783495, "volume": 21460000, "typical_volume": 5161750.0, "trend": 18.842418, "fair_value": 15.626256, "relative_strength": 28.651835, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.627924, "energy": 80.374615, "activity_lines": [ 26.003156, 23.471585, 20.935, 19.811887 ] }, { "date": "2024-09-20", "close": 26.588593, "volume": 26636000, "typical_volume": 6483050.0, "trend": 19.074633, "fair_value": 15.710495, "relative_strength": 34.74472, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.873088, "energy": 74.720542, "activity_lines": [ 26.591845, 24.351514, 21.630866, 20.31164 ] }, { "date": "2024-09-27", "close": 28.247332, "volume": 55333000, "typical_volume": 9228250.0, "trend": 19.327382, "fair_value": 15.799544, "relative_strength": 37.97913, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.992394, "energy": 55.999288, "activity_lines": [ 27.144758, 25.365385, 22.437316, 20.903427 ] }, { "date": "2024-10-04", "close": 27.222815, "volume": 8004000, "typical_volume": 9589400.0, "trend": 19.626555, "fair_value": 15.88086, "relative_strength": 35.0583, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.639052, "energy": 47.495139, "activity_lines": [ 27.177282, 26.043072, 23.089772, 21.41281 ] }, { "date": "2024-10-11", "close": 25.368933, "volume": 15553000, "typical_volume": 10311900.0, "trend": 19.912907, "fair_value": 15.952622, "relative_strength": 21.879039, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.612511, "energy": 40.76111, "activity_lines": [ 26.562573, 26.228461, 23.51345, 21.783286 ] }, { "date": "2024-10-18", "close": 31.272087, "volume": 47302000, "typical_volume": 12647500.0, "trend": 20.350215, "fair_value": 16.065331, "relative_strength": 45.09625, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.575189, "energy": 49.567723, "activity_lines": [ 28.172525, 27.384255, 24.458426, 22.516137 ] }, { "date": "2024-10-25", "close": 31.320871, "volume": 69766000, "typical_volume": 16098200.0, "trend": 20.804948, "fair_value": 16.176023, "relative_strength": 44.852085, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.919743, "energy": 49.062164, "activity_lines": [ 29.366164, 28.300552, 25.341287, 23.223921 ] }, { "date": "2024-11-01", "close": 29.320631, "volume": 8691000, "typical_volume": 16508450.0, "trend": 21.196166, "fair_value": 16.270787, "relative_strength": 37.799259, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.365768, "energy": 45.288689, "activity_lines": [ 29.577572, 28.606575, 25.965753, 23.77332 ] }, { "date": "2024-11-08", "close": 29.466991, "volume": 19870000, "typical_volume": 17475300.0, "trend": 21.587522, "fair_value": 16.36843, "relative_strength": 32.885407, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.146618, "energy": 49.072039, "activity_lines": [ 29.766213, 28.870909, 26.545382, 24.306921 ] }, { "date": "2024-11-15", "close": 31.028154, "volume": 20567000, "typical_volume": 18464450.0, "trend": 22.070415, "fair_value": 16.474916, "relative_strength": 43.396569, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.873202, "energy": 43.008005, "activity_lines": [ 30.32563, 29.370304, 27.212826, 24.915994 ] }, { "date": "2024-11-22", "close": 32.540531, "volume": 54588460, "typical_volume": 21156473.0, "trend": 22.600561, "fair_value": 16.591485, "relative_strength": 47.711154, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.257415, "energy": 46.170611, "activity_lines": [ 31.011892, 30.111857, 27.95647, 25.591486 ] }, { "date": "2024-11-29", "close": 32.150242, "volume": 31049000, "typical_volume": 22686423.0, "trend": 23.117697, "fair_value": 16.697787, "relative_strength": 48.418176, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.946443, "energy": 44.944988, "activity_lines": [ 31.483494, 30.641411, 28.590461, 26.207594 ] }, { "date": "2024-12-06", "close": 29.515778, "volume": 12386000, "typical_volume": 22764773.0, "trend": 23.554916, "fair_value": 16.787589, "relative_strength": 29.727465, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.534309, "energy": 39.896973, "activity_lines": [ 31.02165, 30.590851, 28.903159, 26.620374 ] }, { "date": "2024-12-13", "close": 25.466505, "volume": 9628000, "typical_volume": 23134723.0, "trend": 23.8619, "fair_value": 16.850269, "relative_strength": 12.177498, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 31.524144, "energy": 22.027501, "activity_lines": [ 29.197039, 29.780997, 28.78491, 26.743702 ] }, { "date": "2024-12-20", "close": 23.417477, "volume": 4624000, "typical_volume": 22779823.0, "trend": 24.083204, "fair_value": 16.897873, "relative_strength": 5.069145, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.544431, "energy": 14.316819, "activity_lines": [ 26.956117, 28.630525, 28.439223, 26.715029 ] }, { "date": "2024-12-27", "close": 25.125, "volume": 16623000, "typical_volume": 23454273.0, "trend": 24.345627, "fair_value": 16.956035, "relative_strength": 8.469849, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.509635, "energy": 20.635844, "activity_lines": [ 25.791748, 27.825993, 28.238502, 26.782242 ] }, { "date": "2025-01-03", "close": 24.58835, "volume": 4456000, "typical_volume": 23550673.0, "trend": 24.596481, "fair_value": 17.007262, "relative_strength": 7.346165, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.331042, "energy": 24.467469, "activity_lines": [ 24.942865, 27.035653, 27.950895, 26.797902 ] }, { "date": "2025-01-10", "close": 22.929611, "volume": 2379000, "typical_volume": 22353373.0, "trend": 24.794879, "fair_value": 17.047856, "relative_strength": -0.677722, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -30.524039, "energy": 44.409943, "activity_lines": [ 24.045194, 26.066134, 27.472788, 26.690362 ] }, { "date": "2025-01-17", "close": 22.783253, "volume": 2742000, "typical_volume": 21961523.0, "trend": 24.998155, "fair_value": 17.085182, "relative_strength": -2.049356, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.348343, "energy": 52.809887, "activity_lines": [ 23.537816, 25.186205, 26.993287, 26.560579 ] }, { "date": "2025-01-24", "close": 22.880825, "volume": 1195000, "typical_volume": 21642623.0, "trend": 25.201432, "fair_value": 17.129734, "relative_strength": -3.223593, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.086781, "energy": 51.612671, "activity_lines": [ 23.241845, 24.445539, 26.542129, 26.423977 ] }, { "date": "2025-02-07", "close": 23.807766, "volume": 4264670, "typical_volume": 20782856.5, "trend": 25.417718, "fair_value": 17.17984, "relative_strength": 0.922546, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.220295, "energy": 45.390912, "activity_lines": [ 23.290631, 24.02154, 26.209452, 26.334063 ] }, { "date": "2025-02-14", "close": 23.319902, "volume": 1893907, "typical_volume": 19545751.85, "trend": 25.616117, "fair_value": 17.229925, "relative_strength": 0.146728, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.111117, "energy": 38.556724, "activity_lines": [ 23.264611, 23.667617, 25.834958, 26.19872 ] }, { "date": "2025-02-21", "close": 25.271358, "volume": 7477208, "typical_volume": 17152962.25, "trend": 25.791748, "fair_value": 17.283588, "relative_strength": 5.684271, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.700092, "energy": 20.724153, "activity_lines": [ 23.97364, 23.829055, 25.661882, 26.176478 ] }, { "date": "2025-02-28", "close": 24.002913, "volume": 1535322, "typical_volume": 16829528.35, "trend": 25.969005, "fair_value": 17.334169, "relative_strength": 3.323083, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -14.496437, "energy": 16.632218, "activity_lines": [ 24.103737, 23.837038, 25.382174, 26.061069 ] }, { "date": "2025-03-07", "close": 23.22233, "volume": 1153726, "typical_volume": 16109564.65, "trend": 26.086092, "fair_value": 17.379745, "relative_strength": 2.197782, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -47.205329, "energy": 29.020012, "activity_lines": [ 23.89233, 23.729708, 25.043457, 25.883865 ] }, { "date": "2025-03-14", "close": 22.929611, "volume": 1061601, "typical_volume": 13797544.7, "trend": 26.263349, "fair_value": 17.426163, "relative_strength": 3.462332, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.001692, "energy": 34.807404, "activity_lines": [ 23.560582, 23.572705, 24.687084, 25.680221 ] }, { "date": "2025-03-21", "close": 24.295631, "volume": 1227321, "typical_volume": 10370610.75, "trend": 26.481262, "fair_value": 17.481727, "relative_strength": 7.939311, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.533712, "energy": 37.138281, "activity_lines": [ 23.742718, 23.703985, 24.500534, 25.553271 ] }, { "date": "2025-03-28", "close": 22.68568, "volume": 1327263, "typical_volume": 10002423.9, "trend": 26.385315, "fair_value": 17.526193, "relative_strength": 3.315521, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.437721, "energy": 49.785398, "activity_lines": [ 23.323155, 23.547868, 24.194109, 25.308395 ] }, { "date": "2025-04-04", "close": 21.905098, "volume": 928302, "typical_volume": 9055339.0, "trend": 26.222694, "fair_value": 17.570703, "relative_strength": 0.887255, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.404381, "energy": 60.736246, "activity_lines": [ 22.815777, 23.254263, 23.844938, 25.019348 ] }, { "date": "2025-04-11", "close": 18.880341, "volume": 2210100, "typical_volume": 8137494.0, "trend": 25.877937, "fair_value": 17.596989, "relative_strength": -5.347295, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.925119, "energy": 76.962696, "activity_lines": [ 21.440001, 22.426668, 23.243703, 24.545648 ] }, { "date": "2025-04-18", "close": 20.1, "volume": 1368959, "typical_volume": 5476518.95, "trend": 25.72182, "fair_value": 17.632646, "relative_strength": 1.116498, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.479158, "energy": 78.718039, "activity_lines": [ 20.760243, 21.893566, 22.816474, 24.172878 ] }, { "date": "2025-04-25", "close": 20.700001, "volume": 1032100, "typical_volume": 3975673.95, "trend": 25.525534, "fair_value": 17.673702, "relative_strength": 1.262094, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.15304, "energy": 72.364398, "activity_lines": [ 20.469127, 21.536969, 22.505628, 23.84889 ] }, { "date": "2025-05-02", "close": 21.6, "volume": 593100, "typical_volume": 3386028.95, "trend": 25.303956, "fair_value": 17.72014, "relative_strength": 0.614995, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.794057, "energy": 56.592878, "activity_lines": [ 20.717719, 21.391642, 22.335021, 23.59563 ] }, { "date": "2025-05-09", "close": 21.0, "volume": 549101, "typical_volume": 2932084.0, "trend": 25.096529, "fair_value": 17.766614, "relative_strength": -3.110876, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.620153, "energy": 44.421134, "activity_lines": [ 20.83869, 21.203977, 22.144965, 23.317955 ] }, { "date": "2025-05-16", "close": 21.549999, "volume": 963030, "typical_volume": 2749035.5, "trend": 24.969231, "fair_value": 17.817778, "relative_strength": -5.142938, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.963063, "energy": 30.691275, "activity_lines": [ 21.203333, 21.170909, 22.02856, 23.089147 ] }, { "date": "2025-05-23", "close": 20.15, "volume": 575350, "typical_volume": 1946653.0, "trend": 24.598495, "fair_value": 17.862687, "relative_strength": -10.794727, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -52.430436, "energy": 34.135161, "activity_lines": [ 20.923333, 20.913703, 21.787714, 22.778228 ] }, { "date": "2025-05-30", "close": 19.049999, "volume": 478513, "typical_volume": 1747778.65, "trend": 24.189466, "fair_value": 17.902873, "relative_strength": -14.63974, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -69.405295, "energy": 46.116562, "activity_lines": [ 20.273333, 20.507034, 21.465796, 22.420261 ] }, { "date": "2025-06-06", "close": 19.1, "volume": 485557, "typical_volume": 1653106.5, "trend": 23.848778, "fair_value": 17.936391, "relative_strength": -15.757651, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.282336, "energy": 48.990016, "activity_lines": [ 19.75, 20.204832, 21.175014, 22.091908 ] }, { "date": "2025-06-13", "close": 18.65, "volume": 297985, "typical_volume": 1530905.75, "trend": 23.488212, "fair_value": 17.970131, "relative_strength": -19.374144, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.085134, "energy": 68.089808, "activity_lines": [ 19.243333, 19.886006, 20.85961, 21.756503 ] }, { "date": "2025-06-20", "close": 17.75, "volume": 570212, "typical_volume": 1499666.35, "trend": 23.045607, "fair_value": 17.998878, "relative_strength": -23.241699, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.50138, "energy": 74.880682, "activity_lines": [ 18.593333, 19.462727, 20.478175, 21.386296 ] }, { "date": "2025-06-27", "close": 18.200001, "volume": 1301620, "typical_volume": 1351513.85, "trend": 22.567589, "fair_value": 18.031286, "relative_strength": -23.28265, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.964538, "energy": 68.096666, "activity_lines": [ 18.346667, 19.141818, 20.164029, 21.073676 ] }, { "date": "2025-07-04", "close": 20.9, "volume": 17508719, "typical_volume": 2132254.45, "trend": 22.192581, "fair_value": 18.082944, "relative_strength": -12.09325, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.308447, "energy": 40.982555, "activity_lines": [ 19.13, 19.346364, 20.13373, 20.96609 ] }, { "date": "2025-07-11", "close": 21.799999, "volume": 20183230, "typical_volume": 2767555.55, "trend": 21.935388, "fair_value": 18.144642, "relative_strength": -9.496121, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.917714, "energy": 18.932056, "activity_lines": [ 20.09, 19.710909, 20.200668, 20.940762 ] }, { "date": "2025-07-18", "close": 22.1, "volume": 11238212, "typical_volume": 3252700.05, "trend": 21.823172, "fair_value": 18.207098, "relative_strength": -11.084464, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -10.823717, "energy": 17.351422, "activity_lines": [ 20.97, 20.126364, 20.312708, 20.951382 ] }, { "date": "2025-07-25", "close": 20.5, "volume": 3211716, "typical_volume": 3355599.55, "trend": 21.725922, "fair_value": 18.248425, "relative_strength": -17.459722, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.445848, "energy": 24.958108, "activity_lines": [ 21.086667, 20.230909, 20.281429, 20.866016 ] }, { "date": "2025-08-01", "close": 25.450001, "volume": 20821563, "typical_volume": 4343597.65, "trend": 21.736756, "fair_value": 18.323813, "relative_strength": 1.720675, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 42.702896, "energy": 40.905647, "activity_lines": [ 22.67, 21.254546, 20.734541, 21.106279 ] }, { "date": "2025-08-08", "close": 22.4, "volume": 8885859, "typical_volume": 4726524.55, "trend": 21.663811, "fair_value": 18.377708, "relative_strength": -12.691203, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 19.857632, "energy": 37.154669, "activity_lines": [ 22.753334, 21.627273, 20.885176, 21.149069 ] }, { "date": "2025-08-15", "close": 22.85, "volume": 5469054, "typical_volume": 4933614.1, "trend": 21.661157, "fair_value": 18.4341, "relative_strength": -12.271029, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 19.929361, "energy": 41.531307, "activity_lines": [ 22.886667, 22.020909, 21.087694, 21.225598 ] }, { "date": "2025-08-22", "close": 24.299999, "volume": 19493908, "typical_volume": 5861894.4, "trend": 21.711715, "fair_value": 18.490468, "relative_strength": -4.855892, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.817309, "energy": 52.401175, "activity_lines": [ 23.433333, 22.61, 21.427525, 21.395846 ] }, { "date": "2025-08-29", "close": 26.65, "volume": 34079389, "typical_volume": 7455358.85, "trend": 21.837354, "fair_value": 18.561511, "relative_strength": 2.426356, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.024067, "energy": 52.103164, "activity_lines": [ 24.616666, 23.523636, 21.979762, 21.714445 ] }, { "date": "2025-09-05", "close": 25.4, "volume": 11037803, "typical_volume": 7938801.05, "trend": 21.890429, "fair_value": 18.624153, "relative_strength": -3.132302, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 64.371034, "energy": 59.917534, "activity_lines": [ 24.973333, 24.048182, 22.375952, 21.944293 ] }, { "date": "2025-09-12", "close": 23.200001, "volume": 5436107, "typical_volume": 8159001.4, "trend": 21.886432, "fair_value": 18.671917, "relative_strength": -14.228929, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.827529, "energy": 45.170349, "activity_lines": [ 24.6, 24.041818, 22.537381, 22.028781 ] }, { "date": "2025-09-19", "close": 23.5, "volume": 2835764, "typical_volume": 8271134.6, "trend": 21.827387, "fair_value": 18.727815, "relative_strength": -13.125648, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.269426, "energy": 36.216318, "activity_lines": [ 24.273334, 24.048182, 22.715476, 22.132882 ] }, { "date": "2025-09-26", "close": 23.549999, "volume": 4101257, "typical_volume": 8448742.4, "trend": 21.81229, "fair_value": 18.784811, "relative_strength": -12.503153, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.364213, "energy": 22.821935, "activity_lines": [ 23.92, 24.032727, 22.889286, 22.244019 ] }, { "date": "2025-10-03", "close": 22.9, "volume": 993688, "typical_volume": 8450275.3, "trend": 21.801545, "fair_value": 18.8423, "relative_strength": -18.100336, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.843833, "energy": 19.517588, "activity_lines": [ 23.4, 23.872727, 22.989048, 22.314194 ] }, { "date": "2025-10-10", "close": 22.4, "volume": 866376, "typical_volume": 8464826.6, "trend": 21.783892, "fair_value": 18.901732, "relative_strength": -20.892951, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.592517, "energy": 19.062402, "activity_lines": [ 22.963333, 23.578182, 23.034762, 22.352804 ] }, { "date": "2025-10-17", "close": 21.9, "volume": 1245616, "typical_volume": 8503181.75, "trend": 21.704037, "fair_value": 18.960912, "relative_strength": -22.219257, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.701147, "energy": 16.298792, "activity_lines": [ 22.56, 23.248182, 23.022143, 22.360294 ] }, { "date": "2025-10-24", "close": 21.9, "volume": 697825, "typical_volume": 8513795.15, "trend": 21.677848, "fair_value": 19.022455, "relative_strength": -22.089966, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.944217, "energy": 13.567418, "activity_lines": [ 22.243333, 22.927273, 22.995952, 22.372937 ] }, { "date": "2025-10-31", "close": 20.65, "volume": 1120317, "typical_volume": 8554911.75, "trend": 21.636011, "fair_value": 19.073917, "relative_strength": -27.528358, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -26.147876, "energy": 28.361162, "activity_lines": [ 21.616667, 22.396364, 22.837381, 22.306624 ] }, { "date": "2025-11-07", "close": 20.25, "volume": 1014316, "typical_volume": 8577116.95, "trend": 21.681667, "fair_value": 19.123111, "relative_strength": -26.661212, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -30.963742, "energy": 46.373099, "activity_lines": [ 21.05, 21.859091, 22.63119, 22.217204 ] }, { "date": "2025-11-14", "close": 20.4, "volume": 1139171, "typical_volume": 8568994.5, "trend": 21.691667, "fair_value": 19.170609, "relative_strength": -24.698798, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.89207, "energy": 50.515497, "activity_lines": [ 20.71, 21.465455, 22.427381, 22.134516 ] }, { "date": "2025-11-21", "close": 20.0, "volume": 2168285, "typical_volume": 7801972.8, "trend": 21.668333, "fair_value": 19.209932, "relative_strength": -22.572008, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.710867, "energy": 56.977826, "activity_lines": [ 20.37, 21.09, 22.175, 22.025376 ] }, { "date": "2025-11-28", "close": 21.15, "volume": 981406, "typical_volume": 6841881.6, "trend": 21.653333, "fair_value": 19.255446, "relative_strength": -20.628012, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.190396, "energy": 46.349629, "activity_lines": [ 20.54, 20.981818, 22.036429, 21.991935 ] }, { "date": "2025-12-05", "close": 20.9, "volume": 598746, "typical_volume": 6309908.3, "trend": 21.65, "fair_value": 19.301424, "relative_strength": -21.468013, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.537856, "energy": 35.800067, "activity_lines": [ 20.676667, 20.870909, 21.877143, 21.943333 ] }, { "date": "2025-12-12", "close": 20.6, "volume": 790957, "typical_volume": 6188870.35, "trend": 21.618333, "fair_value": 19.342821, "relative_strength": -22.340162, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.804173, "energy": 33.345334, "activity_lines": [ 20.696667, 20.753636, 21.695, 21.875591 ] }, { "date": "2025-12-19", "close": 22.6, "volume": 3376426, "typical_volume": 5316613.5, "trend": 21.7, "fair_value": 19.399401, "relative_strength": -12.739343, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 2.569408, "energy": 9.4693, "activity_lines": [ 21.36, 21.041818, 21.702857, 21.938925 ] }, { "date": "2025-12-26", "close": 23.85, "volume": 13976449, "typical_volume": 5571143.0, "trend": 21.86, "fair_value": 19.458975, "relative_strength": -10.30691, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 27.305684, "energy": 26.183521, "activity_lines": [ 22.293333, 21.553636, 21.843333, 22.077634 ] }, { "date": "2026-01-02", "close": 24.5, "volume": 11152663, "typical_volume": 5855323.45, "trend": 22.04, "fair_value": 19.520352, "relative_strength": -9.899062, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 45.450422, "energy": 40.974725, "activity_lines": [ 23.186667, 22.148182, 22.03881, 22.247957 ] }, { "date": "2026-01-09", "close": 24.15, "volume": 8489836, "typical_volume": 5305119.85, "trend": 22.223333, "fair_value": 19.587164, "relative_strength": -13.444105, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.390479, "energy": 41.695503, "activity_lines": [ 23.74, 22.631818, 22.193095, 22.384086 ] }, { "date": "2026-01-16", "close": 23.5, "volume": 2908966, "typical_volume": 3746598.7, "trend": 22.415, "fair_value": 19.650104, "relative_strength": -18.353378, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.909461, "energy": 50.196427, "activity_lines": [ 23.86, 22.933636, 22.28619, 22.466452 ] }, { "date": "2026-01-23", "close": 23.0, "volume": 3199795, "typical_volume": 3354698.3, "trend": 22.575, "fair_value": 19.708953, "relative_strength": -21.034149, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 20.623567, "energy": 35.213266, "activity_lines": [ 23.62, 23.085455, 22.346667, 22.504194 ] }, { "date": "2026-01-30", "close": 21.65, "volume": 1605259, "typical_volume": 3163155.9, "trend": 22.6, "fair_value": 19.760625, "relative_strength": -25.438201, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": -7.518253, "energy": 10.053279, "activity_lines": [ 22.903333, 22.944545, 22.29, 22.444516 ] }, { "date": "2026-02-06", "close": 21.200001, "volume": 793110, "typical_volume": 3061023.2, "trend": 22.58, "fair_value": 19.805868, "relative_strength": -25.796044, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.164155, "energy": 17.093901, "activity_lines": [ 22.183334, 22.691818, 22.197857, 22.354194 ] }, { "date": "2026-02-13", "close": 21.0, "volume": 353050, "typical_volume": 2873612.85, "trend": 22.543333, "fair_value": 19.851897, "relative_strength": -29.909677, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -46.119061, "energy": 33.026258, "activity_lines": [ 21.616667, 22.401818, 22.097619, 22.252258 ] }, { "date": "2026-02-27", "close": 22.85, "volume": 1677683, "typical_volume": 2907812.6, "trend": 22.621667, "fair_value": 19.908603, "relative_strength": -26.969064, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -30.198298, "energy": 24.123876, "activity_lines": [ 21.876667, 22.446364, 22.185714, 22.272043 ] }, { "date": "2026-03-06", "close": 21.5, "volume": 1298657, "typical_volume": 2929426.65, "trend": 22.49, "fair_value": 19.953113, "relative_strength": -26.9337, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -40.146621, "energy": 25.112369, "activity_lines": [ 21.73, 22.204546, 22.145476, 22.199677 ] }, { "date": "2026-03-13", "close": 20.549999, "volume": 1129323, "typical_volume": 2923612.0, "trend": 22.428333, "fair_value": 19.992122, "relative_strength": -29.102126, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -59.086302, "energy": 35.019461, "activity_lines": [ 21.366666, 21.81, 22.019048, 22.074516 ] }, { "date": "2026-03-20", "close": 20.5, "volume": 1151554, "typical_volume": 2946298.45, "trend": 22.35, "fair_value": 20.026678, "relative_strength": -28.895625, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -57.505199, "energy": 31.646967, "activity_lines": [ 21.06, 21.466364, 21.894286, 21.950108 ] }, { "date": "2026-03-27", "close": 20.6, "volume": 744551, "typical_volume": 2927510.15, "trend": 22.226667, "fair_value": 20.064237, "relative_strength": -26.845845, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -57.169026, "energy": 46.032159, "activity_lines": [ 20.833333, 21.213636, 21.785714, 21.837204 ] }, { "date": "2026-04-03", "close": 19.35, "volume": 636202, "typical_volume": 2908604.45, "trend": 21.983333, "fair_value": 20.091125, "relative_strength": -29.417363, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.062694, "energy": 64.593377, "activity_lines": [ 20.216667, 20.798182, 21.558333, 21.651613 ] }, { "date": "2026-04-10", "close": 19.6, "volume": 490204, "typical_volume": 2876156.1, "trend": 21.79, "fair_value": 20.120206, "relative_strength": -33.527584, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.772177, "energy": 65.112171, "activity_lines": [ 19.916667, 20.503636, 21.359048, 21.497849 ] }, { "date": "2026-04-17", "close": 20.5, "volume": 1121032, "typical_volume": 2823793.45, "trend": 21.7, "fair_value": 20.154762, "relative_strength": -32.45506, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.717735, "energy": 57.997555, "activity_lines": [ 20.043333, 20.434545, 21.249286, 21.414624 ] }, { "date": "2026-04-24", "close": 20.0, "volume": 2440473, "typical_volume": 2896746.8, "trend": 21.583333, "fair_value": 20.177253, "relative_strength": -36.935848, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.558777, "energy": 50.773478, "activity_lines": [ 20.006667, 20.295454, 21.089524, 21.304946 ] }, { "date": "2026-05-01", "close": 19.700001, "volume": 556499, "typical_volume": 2894634.45, "trend": 21.455, "fair_value": 20.204023, "relative_strength": -37.07705, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.173861, "energy": 41.115254, "activity_lines": [ 19.903334, 20.123636, 20.906667, 21.183441 ] }, { "date": "2026-05-08", "close": 20.700001, "volume": 2774601, "typical_volume": 2993816.65, "trend": 21.381667, "fair_value": 20.23986, "relative_strength": -37.326267, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.991693, "energy": 25.542138, "activity_lines": [ 20.193334, 20.157273, 20.824762, 21.134731 ] }, { "date": "2026-05-15", "close": 20.75, "volume": 2097861, "typical_volume": 2929888.4, "trend": 21.326667, "fair_value": 20.275132, "relative_strength": -35.737858, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.123299, "energy": 21.911636, "activity_lines": [ 20.41, 20.239091, 20.747143, 21.093979 ] }, { "date": "2026-05-22", "close": 25.6, "volume": 20464416, "typical_volume": 3254286.75, "trend": 21.45, "fair_value": 20.333817, "relative_strength": -22.044494, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 35.223321, "energy": 28.78998, "activity_lines": [ 22.166667, 21.216364, 21.140238, 21.369678 ] }, { "date": "2026-05-29", "close": 25.1, "volume": 8299634, "typical_volume": 3111635.3, "trend": 21.556667, "fair_value": 20.389296, "relative_strength": -27.112187, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 46.358894, "energy": 51.253133, "activity_lines": [ 23.416667, 22.010909, 21.477381, 21.605161 ] }, { "date": "2026-06-05", "close": 24.299999, "volume": 11957055, "typical_volume": 3284996.25, "trend": 21.678333, "fair_value": 20.438761, "relative_strength": -29.340993, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 53.317395, "energy": 65.96644, "activity_lines": [ 24.06, 22.576364, 21.735476, 21.782151 ] }, { "date": "2026-06-12", "close": 22.1, "volume": 3350843, "typical_volume": 3307090.1, "trend": 21.74, "fair_value": 20.473828, "relative_strength": -33.789416, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.090849, "energy": 57.295159, "activity_lines": [ 23.663333, 22.674545, 21.783333, 21.809355 ] }, { "date": "2026-06-19", "close": 22.0, "volume": 2485726, "typical_volume": 3271386.65, "trend": 21.793333, "fair_value": 20.507959, "relative_strength": -36.748222, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.791248, "energy": 39.349175, "activity_lines": [ 23.14, 22.704545, 21.828333, 21.826129 ] }, { "date": "2026-06-26", "close": 21.65, "volume": 4906691, "typical_volume": 3436458.25, "trend": 21.848333, "fair_value": 20.542209, "relative_strength": -34.57339, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": 6.392994, "energy": 5.979326, "activity_lines": [ 22.416667, 22.627273, 21.844762, 21.816882 ] }, { "date": "2026-07-03", "close": 22.9, "volume": 2888920, "typical_volume": 3541248.75, "trend": 21.906667, "fair_value": 20.582665, "relative_strength": -33.51847, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.089386, "energy": 9.528357, "activity_lines": [ 22.373333, 22.756364, 21.980238, 21.884731 ] }, { "date": "2026-07-10", "close": 21.4, "volume": 1803280, "typical_volume": 3613760.25, "trend": 21.923333, "fair_value": 20.615026, "relative_strength": -35.148992, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.154449, "energy": 8.871557, "activity_lines": [ 21.976667, 22.56, 21.964762, 21.852043 ] }, { "date": "2026-07-17", "close": 19.15, "volume": 1873200, "typical_volume": 3623536.1, "trend": 21.875, "fair_value": 20.634482, "relative_strength": -37.476258, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.952817, "energy": 21.026717, "activity_lines": [ 21.023333, 21.923636, 21.733095, 21.673118 ] }, { "date": "2026-07-24", "close": 18.85, "volume": 979719, "typical_volume": 3607589.2, "trend": 21.75, "fair_value": 20.648977, "relative_strength": -39.003473, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -54.389284, "energy": 43.489653, "activity_lines": [ 20.166667, 21.260909, 21.490476, 21.477957 ] }, { "date": "2026-07-31", "close": 19.049999, "volume": 1293131, "typical_volume": 3615779.6, "trend": 21.59, "fair_value": 20.669616, "relative_strength": -36.843966, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -61.028658, "energy": 53.645115, "activity_lines": [ 19.586666, 20.669091, 21.279524, 21.303763 ] }, { "date": "2026-08-07", "close": 19.85, "volume": 720899, "typical_volume": 3594246.85, "trend": 21.435, "fair_value": 20.697813, "relative_strength": -34.693754, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.623318, "energy": 55.284144, "activity_lines": [ 19.446666, 20.341818, 21.151905, 21.191505 ] }, { "date": "2026-08-14", "close": 19.450001, "volume": 595975, "typical_volume": 3586818.05, "trend": 21.278333, "fair_value": 20.72223, "relative_strength": -37.333199, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.036747, "energy": 50.702384, "activity_lines": [ 19.376667, 20.037273, 20.989286, 21.063441 ] } ], "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." } } }