{ "ticker": { "uuid": "3e0314f7-3481-4d3d-af90-fceeda58d011", "symbol": "4535", "name": "Fine Blanking & Tool Co., Ltd", "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": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 84.617, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Emerging rotation", "architecture_gate": "mixed", "architecture_direction": 42.932, "architecture_energy": 43.913, "architecture_maturity": 16.117, "architecture_confidence": 52.585, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 29.43, "rotation_up": 64.71, "upward_expansion": 56.12, "deceleration": 27.29, "rotation_down": 19.78, "downward_expansion": 14.45 }, "activity_lines": [ 28.356666, 28.02599, 27.497641, 27.400337 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 28.85, "trend_reference": 27.437906, "distance_from_trend": 0.051465, "trend_direction": "Weakening", "fair_value": 29.60961, "distance_from_fair_value": -0.025654, "fair_value_direction": "Improving", "relative_strength": -26.460949, "relative_strength_direction": "Improving", "price_momentum": -0.000977, "excess_performance": -0.442349, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.051465, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.000369, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.025654, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.08654, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.264609, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.100865, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.000977, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.27942, "read": "Demand-led" } ], "volume": { "latest": 72000, "relative_activity": 0.908905, "balance": 1.27942, "dry_up": 0.894, "accumulation_observations": 5, "distribution_observations": 3 }, "risk": { "range_context": 0.03811, "annualized_volatility": 0.146, "from_high_reference": -0.033501, "from_low_reference": 0.115232 }, "levels": { "trend_reference": 27.437906, "fair_value_reference": 29.60961, "structural_low": 25.869048, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 7, "median_return": -0.015942, "positive_rate": 0.142857, "directional_follow_through": 0.142857, "median_excess_return": 0.009234, "regime_survival": 0.285714, "best_return": 0.044547, "worst_return": -0.060127, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": -0.069847, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.078867, "regime_survival": 0.0, "best_return": 0.119816, "worst_return": -0.099684, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.096303, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.16844, "regime_survival": 0.0, "best_return": 0.06298, "worst_return": -0.132788, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.093695, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.408424, "regime_survival": 0.333333, "best_return": -0.056836, "worst_return": -0.116924, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-10-25", "end": "2025-01-10", "tenure": "Developing", "return": -0.026277, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-17", "end": "2025-02-14", "tenure": "New", "return": 0.034483, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-21", "end": "2025-02-28", "tenure": "New", "return": 0.004329, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-03-07", "end": "2025-03-14", "tenure": "New", "return": -0.011594, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-21", "end": "2025-04-04", "tenure": "New", "return": -0.002937, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-07-11", "tenure": "Established", "return": 0.044527, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-18", "end": "2025-08-01", "tenure": "New", "return": -0.050633, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-08", "end": "2025-10-17", "tenure": "Developing", "return": -0.051667, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-24", "end": "2026-01-09", "tenure": "Developing", "return": 0.005282, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-16", "end": "2026-02-13", "tenure": "Developing", "return": 0.032759, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-02-27", "end": "2026-03-06", "tenure": "New", "return": -0.032368, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-13", "end": "2026-03-20", "tenure": "New", "return": -0.007299, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-27", "end": "2026-07-03", "tenure": "Established", "return": -0.012123, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-10", "end": "2026-08-14", "tenure": "Developing", "return": 0.003478, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 33.602718, "volume": 79000, "typical_volume": 52250.0, "trend": 32.823293, "fair_value": 28.204322, "relative_strength": -5.378708, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.688562, "energy": 38.116084, "activity_lines": [ 33.883475, 33.824844, 33.54984, 33.236042 ] }, { "date": "2023-08-18", "close": 33.03244, "volume": 182000, "typical_volume": 58250.0, "trend": 32.85994, "fair_value": 28.297352, "relative_strength": -5.734616, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 27.739526, "energy": 15.831549, "activity_lines": [ 33.547155, 33.703615, 33.528159, 33.249535 ] }, { "date": "2023-08-25", "close": 31.979612, "volume": 148000, "typical_volume": 63800.0, "trend": 32.861493, "fair_value": 28.379626, "relative_strength": -9.248363, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -10.975436, "energy": 20.740957, "activity_lines": [ 32.938855, 33.392953, 33.401768, 33.19274 ] }, { "date": "2023-09-01", "close": 32.198956, "volume": 117000, "typical_volume": 63100.0, "trend": 32.864799, "fair_value": 28.463055, "relative_strength": -9.451507, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -24.855786, "energy": 30.116348, "activity_lines": [ 32.582065, 33.143306, 33.297632, 33.149996 ] }, { "date": "2023-09-08", "close": 32.418293, "volume": 34000, "typical_volume": 62700.0, "trend": 32.883754, "fair_value": 28.549143, "relative_strength": -8.327558, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -20.866511, "energy": 30.323631, "activity_lines": [ 32.432915, 32.961455, 33.215899, 33.121189 ] }, { "date": "2023-09-15", "close": 32.374424, "volume": 34000, "typical_volume": 62450.0, "trend": 32.895688, "fair_value": 28.6357, "relative_strength": -9.947089, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -20.96518, "energy": 36.931868, "activity_lines": [ 32.342255, 32.789174, 33.131449, 33.088329 ] }, { "date": "2023-09-22", "close": 32.286686, "volume": 37000, "typical_volume": 62750.0, "trend": 32.913035, "fair_value": 28.721195, "relative_strength": -6.68282, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.397918, "energy": 36.846006, "activity_lines": [ 32.304235, 32.619286, 33.042496, 33.049038 ] }, { "date": "2023-09-29", "close": 32.198956, "volume": 44000, "typical_volume": 63250.0, "trend": 32.924679, "fair_value": 28.805876, "relative_strength": -6.640485, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.335333, "energy": 27.062925, "activity_lines": [ 32.286689, 32.468541, 32.947871, 33.002969 ] }, { "date": "2023-10-06", "close": 32.023479, "volume": 91000, "typical_volume": 67250.0, "trend": 32.922136, "fair_value": 28.884174, "relative_strength": -7.629736, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.98178, "energy": 27.125614, "activity_lines": [ 32.196028, 32.330556, 32.839635, 32.944827 ] }, { "date": "2023-10-13", "close": 31.935747, "volume": 101000, "typical_volume": 64400.0, "trend": 32.915278, "fair_value": 28.966917, "relative_strength": -8.872343, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -60.10837, "energy": 38.303224, "activity_lines": [ 32.087821, 32.2165, 32.729759, 32.881189 ] }, { "date": "2023-10-20", "close": 30.970655, "volume": 109000, "typical_volume": 68100.0, "trend": 32.887368, "fair_value": 29.042223, "relative_strength": -9.279881, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.220632, "energy": 58.964544, "activity_lines": [ 31.690087, 31.955686, 32.533913, 32.755729 ] }, { "date": "2023-10-27", "close": 28.777266, "volume": 268000, "typical_volume": 79350.0, "trend": 32.776618, "fair_value": 29.097457, "relative_strength": -13.518083, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.80644, "energy": 82.816453, "activity_lines": [ 30.654807, 31.34393, 32.139313, 32.490561 ] }, { "date": "2023-11-03", "close": 28.996603, "volume": 139000, "typical_volume": 82250.0, "trend": 32.667621, "fair_value": 29.148837, "relative_strength": -14.246475, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.390667, "energy": 86.692607, "activity_lines": [ 29.926601, 30.84942, 31.786387, 32.24669 ] }, { "date": "2023-11-10", "close": 30.356506, "volume": 217000, "typical_volume": 90250.0, "trend": 32.595616, "fair_value": 29.213193, "relative_strength": -10.652807, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.495305, "energy": 77.5431, "activity_lines": [ 29.865186, 30.656402, 31.582715, 32.097585 ] }, { "date": "2023-11-17", "close": 30.137165, "volume": 461000, "typical_volume": 111800.0, "trend": 32.509351, "fair_value": 29.273387, "relative_strength": -13.562713, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.75569, "energy": 67.578908, "activity_lines": [ 29.84179, 30.457002, 31.374238, 31.938976 ] }, { "date": "2023-11-24", "close": 30.049431, "volume": 314000, "typical_volume": 125750.0, "trend": 32.404877, "fair_value": 29.333269, "relative_strength": -13.810078, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.452457, "energy": 48.149436, "activity_lines": [ 29.909054, 30.283127, 31.172864, 31.780271 ] }, { "date": "2023-12-01", "close": 30.926786, "volume": 324000, "typical_volume": 140400.0, "trend": 32.340764, "fair_value": 29.39527, "relative_strength": -11.725854, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.612815, "energy": 31.105366, "activity_lines": [ 30.330184, 30.311042, 31.070924, 31.68491 ] }, { "date": "2023-12-08", "close": 30.48811, "volume": 177000, "typical_volume": 148150.0, "trend": 32.26203, "fair_value": 29.454458, "relative_strength": -12.371406, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.223154, "energy": 27.292799, "activity_lines": [ 30.461788, 30.283924, 30.942872, 31.565384 ] }, { "date": "2023-12-15", "close": 31.453199, "volume": 944000, "typical_volume": 193550.0, "trend": 32.19601, "fair_value": 29.520834, "relative_strength": -10.710043, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.311137, "energy": 18.493362, "activity_lines": [ 30.815655, 30.463383, 30.926578, 31.513202 ] }, { "date": "2023-12-22", "close": 31.40933, "volume": 266000, "typical_volume": 204300.0, "trend": 32.136865, "fair_value": 29.582171, "relative_strength": -10.097403, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.597153, "energy": 19.991253, "activity_lines": [ 31.081785, 30.645235, 30.919266, 31.462448 ] }, { "date": "2023-12-29", "close": 31.672537, "volume": 589000, "typical_volume": 229800.0, "trend": 32.089274, "fair_value": 29.637681, "relative_strength": -10.615584, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.740408, "energy": 16.226599, "activity_lines": [ 31.350841, 30.884513, 30.947049, 31.432491 ] }, { "date": "2024-01-05", "close": 31.935747, "volume": 293000, "typical_volume": 235350.0, "trend": 32.049066, "fair_value": 29.694377, "relative_strength": -7.35671, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.11478, "energy": 14.307342, "activity_lines": [ 31.599425, 31.158887, 31.009091, 31.422587 ] }, { "date": "2024-01-12", "close": 30.795183, "volume": 288000, "typical_volume": 242350.0, "trend": 31.97084, "fair_value": 29.741508, "relative_strength": -10.22165, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.137846, "energy": 13.530876, "activity_lines": [ 31.400558, 31.168458, 30.96773, 31.341691 ] }, { "date": "2024-01-19", "close": 30.181038, "volume": 255000, "typical_volume": 249250.0, "trend": 31.852397, "fair_value": 29.776187, "relative_strength": -12.467195, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.593952, "energy": 15.65892, "activity_lines": [ 30.976504, 31.033665, 30.873519, 31.22622 ] }, { "date": "2024-01-26", "close": 29.961697, "volume": 214000, "typical_volume": 258250.0, "trend": 31.738341, "fair_value": 29.808458, "relative_strength": -14.216747, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.506754, "energy": 28.731325, "activity_lines": [ 30.564148, 30.862182, 30.768027, 31.104239 ] }, { "date": "2024-02-02", "close": 28.777266, "volume": 813000, "typical_volume": 297200.0, "trend": 31.584804, "fair_value": 29.833387, "relative_strength": -17.524896, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -70.576318, "energy": 61.372189, "activity_lines": [ 29.85349, 30.478538, 30.561431, 30.913202 ] }, { "date": "2024-02-09", "close": 28.294722, "volume": 347000, "typical_volume": 312700.0, "trend": 31.387399, "fair_value": 29.852217, "relative_strength": -18.681443, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.414054, "energy": 78.035056, "activity_lines": [ 29.175002, 30.03029, 30.326007, 30.700939 ] }, { "date": "2024-02-16", "close": 29.259811, "volume": 272000, "typical_volume": 324100.0, "trend": 31.207541, "fair_value": 29.88625, "relative_strength": -17.810433, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.545373, "energy": 76.52603, "activity_lines": [ 29.060945, 29.805368, 30.201506, 30.563675 ] }, { "date": "2024-02-23", "close": 29.742359, "volume": 322000, "typical_volume": 335650.0, "trend": 31.05839, "fair_value": 29.919619, "relative_strength": -17.307689, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.75883, "energy": 70.592259, "activity_lines": [ 29.210096, 29.690514, 30.136958, 30.469147 ] }, { "date": "2024-03-01", "close": 29.742359, "volume": 259000, "typical_volume": 343550.0, "trend": 30.932636, "fair_value": 29.950734, "relative_strength": -17.118501, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.983942, "energy": 53.999554, "activity_lines": [ 29.388492, 29.606767, 30.083273, 30.384242 ] }, { "date": "2024-03-08", "close": 29.259811, "volume": 488000, "typical_volume": 362500.0, "trend": 30.787872, "fair_value": 29.968988, "relative_strength": -21.494696, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.71975, "energy": 35.695136, "activity_lines": [ 29.420661, 29.465592, 29.994075, 30.276318 ] }, { "date": "2024-03-15", "close": 29.259811, "volume": 251000, "typical_volume": 361650.0, "trend": 30.662118, "fair_value": 29.98599, "relative_strength": -20.60365, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.107443, "energy": 30.564545, "activity_lines": [ 29.42066, 29.368285, 29.913024, 30.177733 ] }, { "date": "2024-03-22", "close": 29.303679, "volume": 357000, "typical_volume": 372550.0, "trend": 30.57292, "fair_value": 30.003524, "relative_strength": -22.191043, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.862494, "energy": 30.198252, "activity_lines": [ 29.370943, 29.327608, 29.833853, 30.090092 ] }, { "date": "2024-03-29", "close": 29.259811, "volume": 310000, "typical_volume": 377200.0, "trend": 30.474949, "fair_value": 30.026036, "relative_strength": -22.092598, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.39692, "energy": 35.682727, "activity_lines": [ 29.303679, 29.306072, 29.749042, 30.005375 ] }, { "date": "2024-04-05", "close": 29.435282, "volume": 138000, "typical_volume": 361050.0, "trend": 30.375515, "fair_value": 30.052928, "relative_strength": -21.309101, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.61655, "energy": 32.520579, "activity_lines": [ 29.327075, 29.33319, 29.686165, 29.9383 ] }, { "date": "2024-04-12", "close": 29.259811, "volume": 387000, "typical_volume": 364700.0, "trend": 30.271695, "fair_value": 30.079197, "relative_strength": -22.774271, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.82495, "energy": 32.663169, "activity_lines": [ 29.312452, 29.337976, 29.609918, 29.866319 ] }, { "date": "2024-04-19", "close": 29.04047, "volume": 244000, "typical_volume": 360700.0, "trend": 30.163488, "fair_value": 30.08753, "relative_strength": -18.079806, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.290896, "energy": 35.295756, "activity_lines": [ 29.224716, 29.294107, 29.516542, 29.786885 ] }, { "date": "2024-04-26", "close": 29.303679, "volume": 191000, "typical_volume": 361400.0, "trend": 30.066978, "fair_value": 30.095296, "relative_strength": -19.198642, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.033319, "energy": 30.928323, "activity_lines": [ 29.239339, 29.284536, 29.457216, 29.731414 ] }, { "date": "2024-05-03", "close": 29.479149, "volume": 104000, "typical_volume": 319400.0, "trend": 29.982167, "fair_value": 30.097925, "relative_strength": -18.98992, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.788276, "energy": 26.343097, "activity_lines": [ 29.312452, 29.306071, 29.420242, 29.693489 ] }, { "date": "2024-05-10", "close": 29.83009, "volume": 281000, "typical_volume": 320150.0, "trend": 29.911979, "fair_value": 30.104306, "relative_strength": -18.93282, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.667544, "energy": 15.11674, "activity_lines": [ 29.487922, 29.396199, 29.426091, 29.683678 ] }, { "date": "2024-05-17", "close": 29.742359, "volume": 469000, "typical_volume": 314150.0, "trend": 29.871036, "fair_value": 30.113632, "relative_strength": -20.687697, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.323304, "energy": 12.926025, "activity_lines": [ 29.607829, 29.468781, 29.431104, 29.672734 ] }, { "date": "2024-05-24", "close": 29.786226, "volume": 248000, "typical_volume": 311900.0, "trend": 29.904668, "fair_value": 30.132756, "relative_strength": -21.160095, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.761404, "energy": 14.707939, "activity_lines": [ 29.710188, 29.540565, 29.449487, 29.667263 ] }, { "date": "2024-05-31", "close": 29.961697, "volume": 397000, "typical_volume": 317350.0, "trend": 29.936837, "fair_value": 30.147244, "relative_strength": -18.725623, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.317159, "energy": 17.582401, "activity_lines": [ 29.82132, 29.634682, 29.494817, 29.670942 ] }, { "date": "2024-06-07", "close": 30.312637, "volume": 452000, "typical_volume": 327200.0, "trend": 29.935375, "fair_value": 30.16273, "relative_strength": -19.837415, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.629991, "energy": 46.228007, "activity_lines": [ 30.005564, 29.780641, 29.577539, 29.695187 ] }, { "date": "2024-06-14", "close": 29.946762, "volume": 958000, "typical_volume": 364400.0, "trend": 29.929028, "fair_value": 30.178375, "relative_strength": -22.574891, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 21.153658, "energy": 39.615285, "activity_lines": [ 30.012284, 29.840936, 29.624789, 29.695922 ] }, { "date": "2024-06-21", "close": 29.992764, "volume": 640000, "typical_volume": 355750.0, "trend": 29.927139, "fair_value": 30.192311, "relative_strength": -24.384686, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.980818, "energy": 34.951789, "activity_lines": [ 30.02656, 29.900296, 29.676492, 29.700034 ] }, { "date": "2024-06-28", "close": 30.268772, "volume": 787000, "typical_volume": 377750.0, "trend": 29.905206, "fair_value": 30.208768, "relative_strength": -22.379161, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.068214, "energy": 34.531096, "activity_lines": [ 30.116145, 29.996512, 29.748692, 29.722075 ] }, { "date": "2024-07-05", "close": 30.912786, "volume": 514000, "typical_volume": 389850.0, "trend": 29.919361, "fair_value": 30.232609, "relative_strength": -21.878999, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.334942, "energy": 46.048761, "activity_lines": [ 30.388231, 30.187489, 29.872828, 29.78708 ] }, { "date": "2024-07-12", "close": 31.280794, "volume": 688000, "typical_volume": 408150.0, "trend": 29.913615, "fair_value": 30.256304, "relative_strength": -21.536519, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 55.21419, "energy": 68.981323, "activity_lines": [ 30.719581, 30.416119, 30.02414, 29.874914 ] }, { "date": "2024-07-19", "close": 31.464804, "volume": 474000, "typical_volume": 418900.0, "trend": 29.915464, "fair_value": 30.280177, "relative_strength": -16.826915, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 80.582203, "energy": 85.975726, "activity_lines": [ 31.047724, 30.645449, 30.185651, 29.974991 ] }, { "date": "2024-07-26", "close": 31.556803, "volume": 229000, "typical_volume": 405950.0, "trend": 29.911606, "fair_value": 30.302136, "relative_strength": -13.198115, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.331623, "energy": 88.745165, "activity_lines": [ 31.30533, 30.861785, 30.347722, 30.080884 ] }, { "date": "2024-08-02", "close": 31.188795, "volume": 250000, "typical_volume": 405900.0, "trend": 29.886708, "fair_value": 30.322236, "relative_strength": -11.736527, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.480811, "energy": 81.816751, "activity_lines": [ 31.335998, 30.978219, 30.463806, 30.163283 ] }, { "date": "2024-08-09", "close": 30.63678, "volume": 358000, "typical_volume": 405950.0, "trend": 29.881427, "fair_value": 30.340301, "relative_strength": -11.997084, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.550373, "energy": 50.425558, "activity_lines": [ 31.121326, 30.968786, 30.518132, 30.211675 ] }, { "date": "2024-08-16", "close": 30.95879, "volume": 114000, "typical_volume": 396150.0, "trend": 29.907353, "fair_value": 30.365689, "relative_strength": -13.930617, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.082155, "energy": 41.858335, "activity_lines": [ 31.032391, 31.005626, 30.596777, 30.281182 ] }, { "date": "2024-08-23", "close": 32.292824, "volume": 425000, "typical_volume": 410500.0, "trend": 29.985057, "fair_value": 30.398856, "relative_strength": -8.921248, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.434028, "energy": 52.250473, "activity_lines": [ 31.409601, 31.27327, 30.794383, 30.435084 ] }, { "date": "2024-08-30", "close": 32.61483, "volume": 267000, "typical_volume": 404500.0, "trend": 30.112976, "fair_value": 30.438945, "relative_strength": -7.947864, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.807881, "energy": 60.614802, "activity_lines": [ 31.838945, 31.556804, 31.009049, 30.604746 ] }, { "date": "2024-09-06", "close": 32.522823, "volume": 258000, "typical_volume": 405200.0, "trend": 30.253912, "fair_value": 30.472054, "relative_strength": -4.13274, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.233271, "energy": 75.791392, "activity_lines": [ 32.167084, 31.775936, 31.198976, 30.76022 ] }, { "date": "2024-09-13", "close": 33.534855, "volume": 248000, "typical_volume": 408050.0, "trend": 30.396414, "fair_value": 30.510371, "relative_strength": -2.181247, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.668825, "energy": 90.015844, "activity_lines": [ 32.743633, 32.138091, 31.468704, 30.971894 ] }, { "date": "2024-09-20", "close": 33.626854, "volume": 227000, "typical_volume": 414200.0, "trend": 30.525897, "fair_value": 30.55209, "relative_strength": -3.141098, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.35394, "energy": 89.774913, "activity_lines": [ 33.157643, 32.469299, 31.727046, 31.18031 ] }, { "date": "2024-09-27", "close": 33.396851, "volume": 259000, "typical_volume": 413100.0, "trend": 30.647713, "fair_value": 30.591823, "relative_strength": -6.016393, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.865382, "energy": 85.41368, "activity_lines": [ 33.317114, 32.716033, 31.943731, 31.365532 ] }, { "date": "2024-10-04", "close": 32.936836, "volume": 71000, "typical_volume": 393200.0, "trend": 30.770281, "fair_value": 30.629119, "relative_strength": -4.605654, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.708136, "energy": 76.208023, "activity_lines": [ 33.249645, 32.843999, 32.099621, 31.513218 ] }, { "date": "2024-10-11", "close": 32.108818, "volume": 181000, "typical_volume": 389850.0, "trend": 30.865248, "fair_value": 30.66213, "relative_strength": -8.868871, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.590658, "energy": 50.919468, "activity_lines": [ 32.884703, 32.796325, 32.161441, 31.599575 ] }, { "date": "2024-10-18", "close": 31.694807, "volume": 305000, "typical_volume": 385250.0, "trend": 30.944952, "fair_value": 30.69581, "relative_strength": -11.697089, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.616166, "energy": 28.106596, "activity_lines": [ 32.409358, 32.656649, 32.172771, 31.653095 ] }, { "date": "2024-10-25", "close": 31.510801, "volume": 176000, "typical_volume": 371450.0, "trend": 31.019985, "fair_value": 30.728566, "relative_strength": -11.202829, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.24069, "energy": 25.172758, "activity_lines": [ 31.995347, 32.46428, 32.158323, 31.689601 ] }, { "date": "2024-11-01", "close": 31.142792, "volume": 150000, "typical_volume": 331050.0, "trend": 31.076902, "fair_value": 30.757941, "relative_strength": -9.604795, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.714251, "energy": 23.349862, "activity_lines": [ 31.599737, 32.194964, 32.103122, 31.697524 ] }, { "date": "2024-11-08", "close": 30.912786, "volume": 154000, "typical_volume": 306750.0, "trend": 31.132001, "fair_value": 30.787375, "relative_strength": -12.656884, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -9.872455, "energy": 29.088099, "activity_lines": [ 31.277729, 31.904739, 32.020319, 31.686936 ] }, { "date": "2024-11-15", "close": 31.556803, "volume": 211000, "typical_volume": 277950.0, "trend": 31.215879, "fair_value": 30.820426, "relative_strength": -7.225408, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.577739, "energy": 22.341605, "activity_lines": [ 31.30533, 31.762553, 31.994471, 31.714343 ] }, { "date": "2024-11-22", "close": 31.234797, "volume": 143216, "typical_volume": 259410.8, "trend": 31.28025, "fair_value": 30.849879, "relative_strength": -8.37856, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -20.793411, "energy": 28.754337, "activity_lines": [ 31.262396, 31.579386, 31.931822, 31.715563 ] }, { "date": "2024-11-29", "close": 31.142792, "volume": 45000, "typical_volume": 227260.8, "trend": 31.335704, "fair_value": 30.87772, "relative_strength": -5.557707, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -23.147561, "energy": 31.35169, "activity_lines": [ 31.219461, 31.421309, 31.858877, 31.706695 ] }, { "date": "2024-12-06", "close": 31.648809, "volume": 90000, "typical_volume": 208060.8, "trend": 31.396328, "fair_value": 30.906759, "relative_strength": -7.40691, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.669902, "energy": 15.734666, "activity_lines": [ 31.369733, 31.4004, 31.834782, 31.726895 ] }, { "date": "2024-12-13", "close": 31.832809, "volume": 90000, "typical_volume": 201110.8, "trend": 31.46601, "fair_value": 30.938256, "relative_strength": -5.681138, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -0.989577, "energy": 6.836844, "activity_lines": [ 31.547604, 31.444728, 31.827334, 31.755055 ] }, { "date": "2024-12-20", "close": 31.142792, "volume": 84000, "typical_volume": 192810.8, "trend": 31.511229, "fair_value": 30.962518, "relative_strength": -5.134507, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -8.934734, "energy": 9.094938, "activity_lines": [ 31.434134, 31.383672, 31.752856, 31.734203 ] }, { "date": "2024-12-27", "close": 31.09679, "volume": 171000, "typical_volume": 183460.8, "trend": 31.549065, "fair_value": 30.986996, "relative_strength": -7.866875, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -20.009678, "energy": 13.075517, "activity_lines": [ 31.33293, 31.331816, 31.674216, 31.707465 ] }, { "date": "2025-01-03", "close": 30.820784, "volume": 42000, "typical_volume": 179860.8, "trend": 31.566003, "fair_value": 31.010983, "relative_strength": -6.628924, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -35.884579, "energy": 31.504637, "activity_lines": [ 31.148926, 31.24065, 31.567098, 31.660479 ] }, { "date": "2025-01-10", "close": 30.682779, "volume": 42000, "typical_volume": 160710.8, "trend": 31.590537, "fair_value": 31.035875, "relative_strength": -6.937342, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -38.451154, "energy": 50.66698, "activity_lines": [ 30.940386, 31.136937, 31.447495, 31.603497 ] }, { "date": "2025-01-17", "close": 30.682779, "volume": 87000, "typical_volume": 151710.8, "trend": 31.613538, "fair_value": 31.059744, "relative_strength": -7.008912, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.130678, "energy": 64.213367, "activity_lines": [ 30.796249, 31.041589, 31.335559, 31.544932 ] }, { "date": "2025-01-24", "close": 30.820784, "volume": 31000, "typical_volume": 140360.8, "trend": 31.631938, "fair_value": 31.08501, "relative_strength": -7.646685, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.06288, "energy": 61.651842, "activity_lines": [ 30.774782, 30.975515, 31.245966, 31.493786 ] }, { "date": "2025-02-07", "close": 31.004791, "volume": 43215, "typical_volume": 130121.55, "trend": 31.635005, "fair_value": 31.112477, "relative_strength": -6.563158, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.876749, "energy": 50.069828, "activity_lines": [ 30.836118, 30.956278, 31.182003, 31.453325 ] }, { "date": "2025-02-14", "close": 31.740807, "volume": 113306, "typical_volume": 124436.85, "trend": 31.650339, "fair_value": 31.142617, "relative_strength": -2.744686, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.8511, "energy": 16.990132, "activity_lines": [ 31.148926, 31.075045, 31.200184, 31.460151 ] }, { "date": "2025-02-21", "close": 31.878815, "volume": 156194, "typical_volume": 119296.55, "trend": 31.664139, "fair_value": 31.17083, "relative_strength": -4.400691, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.021547, "energy": 14.386741, "activity_lines": [ 31.446402, 31.208031, 31.24049, 31.474891 ] }, { "date": "2025-02-28", "close": 32.016815, "volume": 304000, "typical_volume": 130946.55, "trend": 31.679473, "fair_value": 31.197116, "relative_strength": -0.915081, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.926507, "energy": 26.717359, "activity_lines": [ 31.710141, 31.361926, 31.301168, 31.497645 ] }, { "date": "2025-03-07", "close": 31.740807, "volume": 67060, "typical_volume": 125249.55, "trend": 31.697873, "fair_value": 31.219587, "relative_strength": 0.533911, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 16.283859, "energy": 26.46007, "activity_lines": [ 31.792943, 31.462292, 31.33994, 31.501602 ] }, { "date": "2025-03-14", "close": 31.372797, "volume": 59819, "typical_volume": 112990.5, "trend": 31.722407, "fair_value": 31.239443, "relative_strength": 2.189881, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -4.752456, "energy": 16.416294, "activity_lines": [ 31.69174, 31.484874, 31.345417, 31.480629 ] }, { "date": "2025-03-21", "close": 31.326796, "volume": 70008, "typical_volume": 107690.9, "trend": 31.734674, "fair_value": 31.25926, "relative_strength": 1.038279, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -10.763909, "energy": 11.069148, "activity_lines": [ 31.550669, 31.494074, 31.348045, 31.455106 ] }, { "date": "2025-03-28", "close": 31.004791, "volume": 80101, "typical_volume": 104195.95, "trend": 31.69174, "fair_value": 31.277269, "relative_strength": 2.82487, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -39.007566, "energy": 19.163037, "activity_lines": [ 31.329864, 31.435527, 31.320883, 31.408016 ] }, { "date": "2025-04-04", "close": 31.234797, "volume": 155000, "typical_volume": 104245.95, "trend": 31.645739, "fair_value": 31.297007, "relative_strength": 5.033622, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -33.901501, "energy": 21.099866, "activity_lines": [ 31.243996, 31.412945, 31.316283, 31.378536 ] }, { "date": "2025-04-11", "close": 27.600702, "volume": 252174, "typical_volume": 106304.65, "trend": 31.481668, "fair_value": 31.291405, "relative_strength": 1.270191, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.149638, "energy": 75.538132, "activity_lines": [ 29.998897, 30.719582, 30.964045, 31.117566 ] }, { "date": "2025-04-18", "close": 27.784708, "volume": 79002, "typical_volume": 103093.95, "trend": 31.289996, "fair_value": 31.285705, "relative_strength": 2.617841, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.080595, "energy": 87.39748, "activity_lines": [ 29.091141, 30.118221, 30.648171, 30.879053 ] }, { "date": "2025-04-25", "close": 27.738707, "volume": 23021, "typical_volume": 101995.0, "trend": 31.093725, "fair_value": 31.279965, "relative_strength": 0.111303, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.837968, "energy": 91.45917, "activity_lines": [ 28.407257, 29.567044, 30.344344, 30.649937 ] }, { "date": "2025-05-02", "close": 28.198717, "volume": 13163, "typical_volume": 98153.15, "trend": 30.920454, "fair_value": 31.276662, "relative_strength": -2.573436, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.812847, "energy": 87.419877, "activity_lines": [ 28.115916, 29.17227, 30.100538, 30.463163 ] }, { "date": "2025-05-09", "close": 27.784708, "volume": 148000, "typical_volume": 101053.15, "trend": 30.748716, "fair_value": 31.270706, "relative_strength": -4.42812, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.297802, "energy": 86.217336, "activity_lines": [ 27.873643, 28.769133, 29.833731, 30.260856 ] }, { "date": "2025-05-16", "close": 28.24472, "volume": 91083, "typical_volume": 101407.3, "trend": 30.619913, "fair_value": 31.268977, "relative_strength": -6.786055, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.057409, "energy": 73.906854, "activity_lines": [ 28.014714, 28.526581, 29.630012, 30.099308 ] }, { "date": "2025-05-23", "close": 28.520725, "volume": 88925, "typical_volume": 97303.55, "trend": 30.51411, "fair_value": 31.271318, "relative_strength": -4.935034, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.280595, "energy": 52.957358, "activity_lines": [ 28.204851, 28.397778, 29.466379, 29.963877 ] }, { "date": "2025-05-30", "close": 28.520725, "volume": 14150, "typical_volume": 95911.05, "trend": 30.414441, "fair_value": 31.271613, "relative_strength": -3.516568, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.296859, "energy": 44.695346, "activity_lines": [ 28.345921, 28.32083, 29.315013, 29.835271 ] }, { "date": "2025-06-06", "close": 28.934738, "volume": 31000, "typical_volume": 95361.05, "trend": 30.340839, "fair_value": 31.274563, "relative_strength": -3.42585, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.168869, "energy": 32.900472, "activity_lines": [ 28.572861, 28.370177, 29.21403, 29.739807 ] }, { "date": "2025-06-13", "close": 28.750732, "volume": 24144, "typical_volume": 92218.25, "trend": 30.268771, "fair_value": 31.273776, "relative_strength": -5.721965, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.833575, "energy": 28.19584, "activity_lines": [ 28.689397, 28.423706, 29.103846, 29.637219 ] }, { "date": "2025-06-20", "close": 28.24472, "volume": 54001, "typical_volume": 93368.3, "trend": 30.158368, "fair_value": 31.265656, "relative_strength": -7.203006, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.635093, "energy": 28.80795, "activity_lines": [ 28.572861, 28.430397, 28.954671, 29.506635 ] }, { "date": "2025-06-27", "close": 28.684065, "volume": 108020, "typical_volume": 96608.55, "trend": 30.073343, "fair_value": 31.259794, "relative_strength": -7.964686, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.273246, "energy": 23.911255, "activity_lines": [ 28.602773, 28.505259, 28.859605, 29.411519 ] }, { "date": "2025-07-04", "close": 28.441391, "volume": 40280, "typical_volume": 92957.25, "trend": 29.983297, "fair_value": 31.252377, "relative_strength": -8.544196, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.269982, "energy": 27.481892, "activity_lines": [ 28.540905, 28.519648, 28.752478, 29.306232 ] }, { "date": "2025-07-11", "close": 28.829672, "volume": 50052, "typical_volume": 87650.15, "trend": 29.889325, "fair_value": 31.243707, "relative_strength": -8.067166, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.106866, "energy": 29.424083, "activity_lines": [ 28.613753, 28.591856, 28.698042, 29.231804 ] }, { "date": "2025-07-18", "close": 30.673992, "volume": 61003, "typical_volume": 75500.3, "trend": 29.850698, "fair_value": 31.249533, "relative_strength": -4.835282, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 13.391965, "energy": 18.653955, "activity_lines": [ 29.308378, 28.987924, 28.833776, 29.282428 ] }, { "date": "2025-07-25", "close": 29.65476, "volume": 2032, "typical_volume": 72248.9, "trend": 29.801097, "fair_value": 31.243747, "relative_strength": -7.7864, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -3.374125, "energy": 20.055828, "activity_lines": [ 29.535042, 29.146145, 28.878834, 29.269787 ] }, { "date": "2025-08-01", "close": 29.120879, "volume": 82112, "typical_volume": 73363.55, "trend": 29.735233, "fair_value": 31.23347, "relative_strength": -9.484315, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -5.023732, "energy": 20.697061, "activity_lines": [ 29.489743, 29.181659, 28.88298, 29.225902 ] }, { "date": "2025-08-08", "close": 29.12088, "volume": 82150, "typical_volume": 73970.65, "trend": 29.67857, "fair_value": 31.225064, "relative_strength": -11.411478, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -4.907927, "energy": 20.165746, "activity_lines": [ 29.415323, 29.206261, 28.897849, 29.186266 ] }, { "date": "2025-08-15", "close": 28.829672, "volume": 147096, "typical_volume": 77320.4, "trend": 29.6168, "fair_value": 31.212119, "relative_strength": -13.130432, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -15.081235, "energy": 8.642504, "activity_lines": [ 29.198535, 29.167004, 28.895489, 29.131498 ] }, { "date": "2025-08-22", "close": 28.878204, "volume": 80319, "typical_volume": 73586.35, "trend": 29.556647, "fair_value": 31.199484, "relative_strength": -10.682897, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -29.287057, "energy": 18.866117, "activity_lines": [ 28.997924, 29.138482, 28.908108, 29.083847 ] }, { "date": "2025-08-29", "close": 28.926739, "volume": 48003, "typical_volume": 63377.8, "trend": 29.493512, "fair_value": 31.187696, "relative_strength": -11.934687, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -32.133479, "energy": 19.311008, "activity_lines": [ 28.933211, 29.116467, 28.936572, 29.043208 ] }, { "date": "2025-09-05", "close": 28.684065, "volume": 153120, "typical_volume": 67083.7, "trend": 29.416155, "fair_value": 31.17355, "relative_strength": -13.244314, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -41.096872, "energy": 24.448514, "activity_lines": [ 28.836141, 29.037928, 28.935609, 28.990985 ] }, { "date": "2025-09-12", "close": 28.586998, "volume": 55299, "typical_volume": 68697.6, "trend": 29.311028, "fair_value": 31.158247, "relative_strength": -16.393661, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.05605, "energy": 25.638573, "activity_lines": [ 28.735836, 28.941742, 28.921119, 28.937491 ] }, { "date": "2025-09-19", "close": 28.538462, "volume": 26257, "typical_volume": 69352.3, "trend": 29.199683, "fair_value": 31.119652, "relative_strength": -16.3643, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -46.048594, "energy": 28.989222, "activity_lines": [ 28.654945, 28.834083, 28.897967, 28.887648 ] }, { "date": "2025-09-26", "close": 28.538462, "volume": 54114, "typical_volume": 64658.0, "trend": 29.083738, "fair_value": 31.080522, "relative_strength": -15.883395, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -46.568645, "energy": 37.70054, "activity_lines": [ 28.593468, 28.731718, 28.873198, 28.844989 ] }, { "date": "2025-10-03", "close": 28.538462, "volume": 36001, "typical_volume": 61903.9, "trend": 28.976993, "fair_value": 31.048073, "relative_strength": -19.12936, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.48746, "energy": 36.381535, "activity_lines": [ 28.55464, 28.668182, 28.844839, 28.80981 ] }, { "date": "2025-10-10", "close": 28.538462, "volume": 90000, "typical_volume": 61957.65, "trend": 28.882515, "fair_value": 31.017494, "relative_strength": -20.229435, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.601551, "energy": 33.625911, "activity_lines": [ 28.541698, 28.624942, 28.815081, 28.781518 ] }, { "date": "2025-10-17", "close": 27.616301, "volume": 252078, "typical_volume": 73854.05, "trend": 28.758832, "fair_value": 30.980202, "relative_strength": -22.36336, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -79.921416, "energy": 63.359072, "activity_lines": [ 28.231075, 28.424626, 28.697414, 28.699826 ] }, { "date": "2025-10-24", "close": 27.567766, "volume": 63284, "typical_volume": 75468.25, "trend": 28.644264, "fair_value": 30.947142, "relative_strength": -22.749937, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.629696, "energy": 72.955744, "activity_lines": [ 27.968987, 28.242841, 28.579432, 28.622983 ] }, { "date": "2025-10-31", "close": 27.422161, "volume": 50084, "typical_volume": 76765.25, "trend": 28.517177, "fair_value": 30.916089, "relative_strength": -24.643111, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -52.966952, "energy": 73.313943, "activity_lines": [ 27.723077, 28.057526, 28.454092, 28.544138 ] }, { "date": "2025-11-07", "close": 27.519232, "volume": 117135, "typical_volume": 79921.95, "trend": 28.514461, "fair_value": 30.888864, "relative_strength": -22.353982, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.588473, "energy": 81.778711, "activity_lines": [ 27.583944, 27.916334, 28.344323, 28.479754 ] }, { "date": "2025-11-14", "close": 27.470695, "volume": 117147, "typical_volume": 80378.3, "trend": 28.503994, "fair_value": 30.861863, "relative_strength": -21.407346, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.621012, "energy": 80.814178, "activity_lines": [ 27.496581, 27.791908, 28.233386, 28.412415 ] }, { "date": "2025-11-21", "close": 27.179487, "volume": 72507, "typical_volume": 81989.65, "trend": 28.485353, "fair_value": 30.829521, "relative_strength": -18.970104, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.871718, "energy": 85.638344, "activity_lines": [ 27.383333, 27.636597, 28.100493, 28.326963 ] }, { "date": "2025-11-28", "close": 27.761906, "volume": 58318, "typical_volume": 82402.95, "trend": 28.470793, "fair_value": 30.800912, "relative_strength": -20.370462, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.465271, "energy": 62.320167, "activity_lines": [ 27.493346, 27.612771, 28.029078, 28.280289 ] }, { "date": "2025-12-05", "close": 27.907509, "volume": 45051, "typical_volume": 81605.35, "trend": 28.474886, "fair_value": 30.774039, "relative_strength": -20.480174, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.102604, "energy": 40.836736, "activity_lines": [ 27.63895, 27.629537, 27.976614, 28.243948 ] }, { "date": "2025-12-12", "close": 27.664835, "volume": 48003, "typical_volume": 83903.9, "trend": 28.455557, "fair_value": 30.744808, "relative_strength": -21.316006, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.057742, "energy": 32.510561, "activity_lines": [ 27.671307, 27.613653, 27.914212, 28.191686 ] }, { "date": "2025-12-19", "close": 27.664835, "volume": 49009, "typical_volume": 82248.75, "trend": 28.427027, "fair_value": 30.713707, "relative_strength": -19.413585, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.582359, "energy": 25.425469, "activity_lines": [ 27.693956, 27.613653, 27.861286, 28.140672 ] }, { "date": "2025-12-26", "close": 27.81044, "volume": 15382, "typical_volume": 78910.35, "trend": 28.403351, "fair_value": 30.688616, "relative_strength": -20.925724, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.710899, "energy": 21.316633, "activity_lines": [ 27.752198, 27.656011, 27.82916, 28.100892 ] }, { "date": "2026-01-02", "close": 28.053114, "volume": 13001, "typical_volume": 72205.6, "trend": 28.373963, "fair_value": 30.662676, "relative_strength": -21.929545, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.922357, "energy": 16.62617, "activity_lines": [ 27.849268, 27.738961, 27.826387, 28.078296 ] }, { "date": "2026-01-09", "close": 27.713369, "volume": 74044, "typical_volume": 71891.85, "trend": 28.339384, "fair_value": 30.635093, "relative_strength": -24.757688, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.824342, "energy": 16.147656, "activity_lines": [ 27.813675, 27.751315, 27.794955, 28.035677 ] }, { "date": "2026-01-16", "close": 28.150183, "volume": 77005, "typical_volume": 73341.95, "trend": 28.336233, "fair_value": 30.610309, "relative_strength": -25.78343, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.858808, "energy": 11.224204, "activity_lines": [ 27.93663, 27.837795, 27.810671, 28.023471 ] }, { "date": "2026-01-23", "close": 27.81044, "volume": 60083, "typical_volume": 68690.1, "trend": 28.307112, "fair_value": 30.583882, "relative_strength": -27.420994, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.991068, "energy": 11.762266, "activity_lines": [ 27.91398, 27.851032, 27.797728, 27.989549 ] }, { "date": "2026-01-30", "close": 27.713369, "volume": 39015, "typical_volume": 67875.9, "trend": 28.282845, "fair_value": 30.556833, "relative_strength": -27.385702, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.198723, "energy": 11.674785, "activity_lines": [ 27.849267, 27.840443, 27.779701, 27.951243 ] }, { "date": "2026-02-06", "close": 28.878204, "volume": 159519, "typical_volume": 74539.0, "trend": 28.284463, "fair_value": 30.536182, "relative_strength": -23.153552, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 10.937549, "energy": 15.409095, "activity_lines": [ 28.179303, 28.031934, 27.87677, 27.989653 ] }, { "date": "2026-02-13", "close": 29.072346, "volume": 84000, "typical_volume": 76033.3, "trend": 28.231075, "fair_value": 30.518379, "relative_strength": -26.226187, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.646923, "energy": 44.326524, "activity_lines": [ 28.519048, 28.238428, 27.990712, 28.040484 ] }, { "date": "2026-02-27", "close": 28.489927, "volume": 77263, "typical_volume": 78096.4, "trend": 28.192247, "fair_value": 30.495773, "relative_strength": -30.784888, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 17.359751, "energy": 38.90311, "activity_lines": [ 28.574054, 28.317849, 28.046642, 28.057184 ] }, { "date": "2026-03-06", "close": 27.567766, "volume": 68250, "typical_volume": 77008.9, "trend": 28.140476, "fair_value": 30.46886, "relative_strength": -28.737327, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -2.627439, "energy": 15.904151, "activity_lines": [ 28.299024, 28.214602, 28.014979, 28.016895 ] }, { "date": "2026-03-13", "close": 26.597069, "volume": 61084, "typical_volume": 67459.2, "trend": 28.056349, "fair_value": 30.435189, "relative_strength": -30.124979, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -56.413783, "energy": 27.482871, "activity_lines": [ 27.716606, 27.93663, 27.895491, 27.917321 ] }, { "date": "2026-03-20", "close": 26.402931, "volume": 63068, "typical_volume": 67448.4, "trend": 27.975458, "fair_value": 30.398671, "relative_strength": -30.176626, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -73.245192, "energy": 54.473251, "activity_lines": [ 27.143895, 27.645421, 27.762367, 27.810648 ] }, { "date": "2026-03-27", "close": 27.179487, "volume": 30105, "typical_volume": 66449.45, "trend": 27.918834, "fair_value": 30.366864, "relative_strength": -26.446853, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.067767, "energy": 56.626448, "activity_lines": [ 26.995055, 27.525408, 27.708748, 27.759295 ] }, { "date": "2026-04-03", "close": 27.228022, "volume": 71455, "typical_volume": 64165.45, "trend": 27.86221, "fair_value": 30.337505, "relative_strength": -24.311915, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.980781, "energy": 63.173045, "activity_lines": [ 26.988584, 27.423926, 27.660906, 27.714727 ] }, { "date": "2026-04-10", "close": 27.470695, "volume": 47401, "typical_volume": 60678.15, "trend": 27.821764, "fair_value": 30.307832, "relative_strength": -28.916984, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.687949, "energy": 50.465558, "activity_lines": [ 27.14713, 27.383333, 27.637563, 27.689468 ] }, { "date": "2026-04-17", "close": 27.422161, "volume": 47202, "typical_volume": 59412.9, "trend": 27.782937, "fair_value": 30.276778, "relative_strength": -30.901903, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.849614, "energy": 24.1737, "activity_lines": [ 27.29597, 27.340093, 27.609598, 27.663687 ] }, { "date": "2026-04-24", "close": 27.179487, "volume": 46162, "typical_volume": 58805.1, "trend": 27.737637, "fair_value": 30.242565, "relative_strength": -34.3976, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.991105, "energy": 19.548771, "activity_lines": [ 27.308913, 27.258025, 27.557365, 27.624755 ] }, { "date": "2026-05-01", "close": 26.839743, "volume": 22060, "typical_volume": 57655.55, "trend": 27.681013, "fair_value": 30.204839, "relative_strength": -34.370328, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.953429, "energy": 24.619853, "activity_lines": [ 27.156837, 27.145071, 27.475549, 27.566826 ] }, { "date": "2026-05-08", "close": 26.402931, "volume": 73053, "typical_volume": 58908.05, "trend": 27.609829, "fair_value": 30.161372, "relative_strength": -38.784222, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.532041, "energy": 40.770065, "activity_lines": [ 26.881807, 26.99329, 27.357217, 27.484369 ] }, { "date": "2026-05-15", "close": 26.742674, "volume": 28001, "typical_volume": 57857.65, "trend": 27.549969, "fair_value": 30.122222, "relative_strength": -36.547456, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.955058, "energy": 54.543039, "activity_lines": [ 26.775031, 26.941225, 27.27725, 27.428424 ] }, { "date": "2026-05-22", "close": 26.645605, "volume": 48222, "typical_volume": 59499.65, "trend": 27.517613, "fair_value": 30.082449, "relative_strength": -37.640229, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.524232, "energy": 56.075389, "activity_lines": [ 26.684432, 26.886514, 27.19243, 27.370078 ] }, { "date": "2026-05-29", "close": 26.5, "volume": 115101, "typical_volume": 64604.65, "trend": 27.482021, "fair_value": 30.038002, "relative_strength": -40.579184, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.54192, "energy": 59.4336, "activity_lines": [ 26.59707, 26.804446, 27.099289, 27.304425 ] }, { "date": "2026-06-05", "close": 26.402931, "volume": 174565, "typical_volume": 69630.7, "trend": 27.448046, "fair_value": 29.994536, "relative_strength": -40.378013, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.348416, "energy": 56.154601, "activity_lines": [ 26.52265, 26.702964, 27.0043, 27.234806 ] }, { "date": "2026-06-12", "close": 26.5, "volume": 99657, "typical_volume": 70763.3, "trend": 27.414072, "fair_value": 29.952226, "relative_strength": -38.044585, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.971332, "energy": 46.448093, "activity_lines": [ 26.509707, 26.63325, 26.924795, 27.173642 ] }, { "date": "2026-06-19", "close": 26.694139, "volume": 94600, "typical_volume": 72489.15, "trend": 27.388187, "fair_value": 29.910894, "relative_strength": -39.804475, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.054869, "energy": 36.111953, "activity_lines": [ 26.555006, 26.612071, 26.871638, 27.127195 ] }, { "date": "2026-06-26", "close": 26.597069, "volume": 124511, "typical_volume": 76763.95, "trend": 27.368773, "fair_value": 29.868939, "relative_strength": -36.601135, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.290088, "energy": 32.796414, "activity_lines": [ 26.571184, 26.587363, 26.814552, 27.076155 ] }, { "date": "2026-07-03", "close": 26.85, "volume": 91679, "typical_volume": 73371.95, "trend": 27.338376, "fair_value": 29.824809, "relative_strength": -38.140082, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.06813, "energy": 22.52942, "activity_lines": [ 26.674908, 26.623643, 26.78687, 27.042686 ] }, { "date": "2026-07-10", "close": 28.75, "volume": 185101, "typical_volume": 78427.0, "trend": 27.366459, "fair_value": 29.795108, "relative_strength": -30.779783, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 32.767184, "energy": 26.416365, "activity_lines": [ 27.388632, 27.011369, 26.949799, 27.133758 ] }, { "date": "2026-07-17", "close": 28.0, "volume": 32277, "typical_volume": 76177.7, "trend": 27.377631, "fair_value": 29.760599, "relative_strength": -27.414908, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.626023, "energy": 28.639501, "activity_lines": [ 27.695885, 27.227999, 27.042834, 27.174632 ] }, { "date": "2026-07-24", "close": 27.799999, "volume": 53266, "typical_volume": 75428.5, "trend": 27.382137, "fair_value": 29.719465, "relative_strength": -28.530873, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.738014, "energy": 33.840357, "activity_lines": [ 27.836471, 27.379227, 27.119154, 27.201881 ] }, { "date": "2026-07-31", "close": 28.1, "volume": 107000, "typical_volume": 77724.3, "trend": 27.391789, "fair_value": 29.677442, "relative_strength": -25.875194, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.52618, "energy": 40.857437, "activity_lines": [ 28.003333, 27.565777, 27.22294, 27.248195 ] }, { "date": "2026-08-07", "close": 28.299999, "volume": 51011, "typical_volume": 77121.45, "trend": 27.400018, "fair_value": 29.639514, "relative_strength": -26.24231, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.67368, "energy": 46.094111, "activity_lines": [ 28.136666, 27.762247, 27.338617, 27.306789 ] }, { "date": "2026-08-14", "close": 28.85, "volume": 72000, "typical_volume": 79216.2, "trend": 27.437906, "fair_value": 29.60961, "relative_strength": -26.460949, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 42.931711, "energy": 43.912564, "activity_lines": [ 28.356666, 28.02599, 27.497641, 27.400337 ] } ], "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." } } }