{ "ticker": { "uuid": "411c9758-b4f0-4080-9f85-af107ed16ade", "symbol": "1603", "name": "China Wire & Cable Co., Ltd.", "exchange": "TAI", "country": "TW", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-14", "benchmark": "^TWII", "stage": 4, "stage_name": "Declining", "phase": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 89.841, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -23.046, "architecture_energy": 15.365, "architecture_maturity": 69.362, "architecture_confidence": 83.41, "architecture_tenure": "Established", "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": 45.94, "rotation_up": 25.54, "upward_expansion": 14.91, "deceleration": 42.55, "rotation_down": 36.4, "downward_expansion": 64.91 }, "activity_lines": [ 29.61, 29.55329, 29.618131, 30.170671 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 31.1, "trend_reference": 31.584323, "distance_from_trend": -0.015334, "trend_direction": "Weakening", "fair_value": 33.794504, "distance_from_fair_value": -0.079732, "fair_value_direction": "Improving", "relative_strength": -35.302797, "relative_strength_direction": "Improving", "price_momentum": -0.136964, "excess_performance": -0.578336, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.015334, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.05724, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.079732, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.083823, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.353028, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.109419, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.136964, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.524002, "read": "Demand-led" } ], "volume": { "latest": 1934918, "relative_activity": 1.133734, "balance": 1.524002, "dry_up": 0.796285, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.052195, "annualized_volatility": 0.262693, "from_high_reference": -0.249236, "from_low_reference": 0.143382 }, "levels": { "trend_reference": 31.584323, "fair_value_reference": 33.794504, "structural_low": 27.200001, "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": 0.009421, "positive_rate": 0.578947, "directional_follow_through": 0.421053, "median_excess_return": -0.018147, "regime_survival": 0.789474, "best_return": 0.203361, "worst_return": -0.086452, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.009382, "positive_rate": 0.428571, "directional_follow_through": 0.571429, "median_excess_return": -0.002178, "regime_survival": 0.428571, "best_return": 0.321008, "worst_return": -0.063515, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.055848, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.006693, "regime_survival": 0.0, "best_return": 0.394506, "worst_return": -0.101935, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.042481, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.245226, "regime_survival": 0.333333, "best_return": 0.515181, "worst_return": 0.023003, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-06-21", "end": "2024-07-12", "tenure": "New", "return": -0.049689, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-07-19", "end": "2024-08-09", "tenure": "New", "return": -0.052204, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-08-16", "end": "2024-09-20", "tenure": "Developing", "return": -0.099622, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-27", "end": "2025-02-21", "tenure": "Established", "return": -0.04129, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-28", "end": "2025-04-04", "tenure": "Developing", "return": -0.054348, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-05-09", "tenure": "Developing", "return": 0.203361, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-16", "end": "2025-05-23", "tenure": "New", "return": 0.010554, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-30", "end": "2025-06-20", "tenure": "New", "return": 0.073529, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-27", "end": "2025-10-10", "tenure": "Established", "return": 0.051623, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-17", "end": "2026-01-09", "tenure": "Established", "return": -0.001302, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-16", "end": "2026-01-23", "tenure": "New", "return": 0.078283, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-30", "end": "2026-02-27", "tenure": "New", "return": -0.059538, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-06", "end": "2026-03-13", "tenure": "New", "return": -0.089828, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-20", "end": "2026-08-14", "tenure": "Established", "return": -0.019682, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 30.306879, "volume": 8525025, "typical_volume": 7530532.65, "trend": 25.293093, "fair_value": 23.790367, "relative_strength": 15.552446, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.233934, "energy": 53.402802, "activity_lines": [ 30.427588, 30.151678, 28.009893, 26.776521 ] }, { "date": "2023-08-18", "close": 31.858862, "volume": 8841228, "typical_volume": 7654713.75, "trend": 25.606365, "fair_value": 23.844958, "relative_strength": 22.412611, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.743353, "energy": 52.579721, "activity_lines": [ 30.858694, 30.598462, 28.53256, 27.200119 ] }, { "date": "2023-08-25", "close": 31.212206, "volume": 13258128, "typical_volume": 8233824.55, "trend": 25.899518, "fair_value": 23.895404, "relative_strength": 18.596151, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.091228, "energy": 47.999763, "activity_lines": [ 31.022516, 30.827342, 28.953814, 27.561786 ] }, { "date": "2023-09-01", "close": 32.348782, "volume": 12065852, "typical_volume": 8660261.0, "trend": 26.213313, "fair_value": 23.952612, "relative_strength": 21.030796, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.563025, "energy": 50.074241, "activity_lines": [ 31.547952, 31.177434, 29.447183, 27.977868 ] }, { "date": "2023-09-08", "close": 28.152185, "volume": 16725327, "typical_volume": 9346808.9, "trend": 26.405903, "fair_value": 23.981612, "relative_strength": 5.570382, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.07261, "energy": 33.206751, "activity_lines": [ 30.521152, 30.661541, 29.500769, 28.102956 ] }, { "date": "2023-09-15", "close": 28.764189, "volume": 7060818, "typical_volume": 9603530.1, "trend": 26.611708, "fair_value": 24.014796, "relative_strength": 5.595696, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.057669, "energy": 22.510057, "activity_lines": [ 29.85062, 30.288259, 29.587592, 28.255104 ] }, { "date": "2023-09-22", "close": 28.414473, "volume": 3882293, "typical_volume": 9748244.55, "trend": 26.804418, "fair_value": 24.047069, "relative_strength": 7.879286, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.807578, "energy": 20.090475, "activity_lines": [ 29.166363, 29.906092, 29.61294, 28.371411 ] }, { "date": "2023-09-29", "close": 31.518204, "volume": 15280590, "typical_volume": 10446568.5, "trend": 27.104897, "fair_value": 24.098706, "relative_strength": 19.112755, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.708668, "energy": 25.077108, "activity_lines": [ 29.746309, 30.136755, 29.908815, 28.675527 ] }, { "date": "2023-10-06", "close": 34.097366, "volume": 32207906, "typical_volume": 11938049.5, "trend": 27.435305, "fair_value": 24.166077, "relative_strength": 26.973623, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 71.974989, "energy": 39.209369, "activity_lines": [ 31.165575, 30.826091, 30.408836, 29.126654 ] }, { "date": "2023-10-13", "close": 35.977093, "volume": 32785360, "typical_volume": 13385627.1, "trend": 27.858547, "fair_value": 24.251886, "relative_strength": 31.264553, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.760693, "energy": 67.967267, "activity_lines": [ 33.094845, 31.783574, 31.035956, 29.677737 ] }, { "date": "2023-10-20", "close": 31.649353, "volume": 14313823, "typical_volume": 13969424.9, "trend": 28.046999, "fair_value": 24.304097, "relative_strength": 17.624421, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.567276, "energy": 61.170315, "activity_lines": [ 33.059874, 31.853452, 31.191473, 29.922305 ] }, { "date": "2023-10-27", "close": 30.643911, "volume": 9347084, "typical_volume": 13669742.95, "trend": 28.285284, "fair_value": 24.345604, "relative_strength": 15.724851, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.927038, "energy": 51.052302, "activity_lines": [ 32.497412, 31.716114, 31.214663, 30.089848 ] }, { "date": "2023-11-03", "close": 30.643911, "volume": 7959192, "typical_volume": 13685569.0, "trend": 28.519257, "fair_value": 24.387111, "relative_strength": 12.888221, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.482334, "energy": 30.080207, "activity_lines": [ 31.786321, 31.600866, 31.217362, 30.242017 ] }, { "date": "2023-11-10", "close": 30.643911, "volume": 5397931, "typical_volume": 13784228.4, "trend": 28.743171, "fair_value": 24.427287, "relative_strength": 11.522429, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.166181, "energy": 17.909367, "activity_lines": [ 31.133515, 31.49595, 31.200391, 30.379092 ] }, { "date": "2023-11-17", "close": 30.731344, "volume": 6731848, "typical_volume": 13398897.65, "trend": 29.004489, "fair_value": 24.47175, "relative_strength": 8.1823, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.128438, "energy": 18.508394, "activity_lines": [ 30.740085, 31.437929, 31.172897, 30.507361 ] }, { "date": "2023-11-24", "close": 34.35965, "volume": 17700473, "typical_volume": 13006966.65, "trend": 29.388187, "fair_value": 24.540003, "relative_strength": 19.797208, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.491619, "energy": 23.43393, "activity_lines": [ 31.905806, 31.992706, 31.486882, 30.852855 ] }, { "date": "2023-12-01", "close": 32.873356, "volume": 16551002, "typical_volume": 13145068.15, "trend": 29.712282, "fair_value": 24.600061, "relative_strength": 13.189806, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.51319, "energy": 28.649878, "activity_lines": [ 32.39541, 32.175512, 31.646996, 31.077705 ] }, { "date": "2023-12-08", "close": 33.74765, "volume": 16836872, "typical_volume": 13587317.2, "trend": 30.077017, "fair_value": 24.663327, "relative_strength": 16.045936, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.152358, "energy": 48.072674, "activity_lines": [ 33.027815, 32.436211, 31.88185, 31.338051 ] }, { "date": "2023-12-15", "close": 33.354221, "volume": 23679192, "typical_volume": 13982035.85, "trend": 30.415705, "fair_value": 24.726466, "relative_strength": 12.388703, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.196853, "energy": 50.368742, "activity_lines": [ 33.322161, 32.584841, 32.06593, 31.549483 ] }, { "date": "2023-12-22", "close": 32.873356, "volume": 8812295, "typical_volume": 13898111.95, "trend": 30.728304, "fair_value": 24.78679, "relative_strength": 10.871878, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.015939, "energy": 39.454158, "activity_lines": [ 33.275532, 32.659553, 32.18847, 31.708042 ] }, { "date": "2023-12-29", "close": 33.529076, "volume": 9466445, "typical_volume": 13945182.95, "trend": 31.046953, "fair_value": 24.851317, "relative_strength": 10.621086, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.021854, "energy": 35.072877, "activity_lines": [ 33.304675, 32.909918, 32.361854, 31.888737 ] }, { "date": "2024-01-05", "close": 34.009937, "volume": 8870818, "typical_volume": 13946662.45, "trend": 31.302595, "fair_value": 24.918127, "relative_strength": 14.381473, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.793714, "energy": 33.275851, "activity_lines": [ 33.549477, 33.213536, 32.56569, 32.079897 ] }, { "date": "2024-01-12", "close": 29.90077, "volume": 15286416, "typical_volume": 14048076.85, "trend": 31.415517, "fair_value": 24.958331, "relative_strength": 0.453634, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 15.532783, "energy": 8.342901, "activity_lines": [ 32.348784, 32.708832, 32.367934, 31.989457 ] }, { "date": "2024-01-19", "close": 29.157618, "volume": 7949208, "typical_volume": 13842244.65, "trend": 31.497918, "fair_value": 24.993771, "relative_strength": -3.124354, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -23.797256, "energy": 20.438305, "activity_lines": [ 31.156833, 32.082522, 32.105646, 31.843786 ] }, { "date": "2024-01-26", "close": 29.90077, "volume": 3431406, "typical_volume": 13177548.6, "trend": 31.498751, "fair_value": 25.037435, "relative_strength": -2.562591, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -20.791118, "energy": 33.008381, "activity_lines": [ 30.492372, 31.618353, 31.929331, 31.740744 ] }, { "date": "2024-02-02", "close": 30.949917, "volume": 4037159, "typical_volume": 13026365.65, "trend": 31.471327, "fair_value": 25.085162, "relative_strength": 0.218289, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.722855, "energy": 33.800596, "activity_lines": [ 30.3758, 31.36004, 31.844608, 31.705335 ] }, { "date": "2024-02-09", "close": 31.081057, "volume": 1365090, "typical_volume": 12900505.5, "trend": 31.471267, "fair_value": 25.14145, "relative_strength": 0.124322, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.471185, "energy": 37.525927, "activity_lines": [ 30.474885, 31.187565, 31.761967, 31.680156 ] }, { "date": "2024-02-16", "close": 31.824207, "volume": 2679109, "typical_volume": 12270431.45, "trend": 31.500289, "fair_value": 25.208625, "relative_strength": -0.577823, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -9.601739, "energy": 12.148135, "activity_lines": [ 31.016945, 31.182796, 31.737403, 31.702927 ] }, { "date": "2024-02-23", "close": 31.299633, "volume": 6529753, "typical_volume": 10986523.8, "trend": 31.542003, "fair_value": 25.26871, "relative_strength": -3.888002, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -6.162351, "energy": 5.189617, "activity_lines": [ 31.255918, 31.117621, 31.661423, 31.689981 ] }, { "date": "2024-03-01", "close": 33.135643, "volume": 12246945, "typical_volume": 9959603.05, "trend": 31.631984, "fair_value": 25.338434, "relative_strength": 1.151061, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.758204, "energy": 15.431701, "activity_lines": [ 31.964093, 31.423623, 31.773624, 31.792797 ] }, { "date": "2024-03-08", "close": 31.518204, "volume": 10608025, "typical_volume": 9774313.15, "trend": 31.672362, "fair_value": 25.397258, "relative_strength": -7.953006, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 5.124921, "energy": 11.015163, "activity_lines": [ 31.917464, 31.430776, 31.745313, 31.785456 ] }, { "date": "2024-03-15", "close": 32.436211, "volume": 7049875, "typical_volume": 9659452.7, "trend": 31.691607, "fair_value": 25.464363, "relative_strength": -4.92663, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.16415, "energy": 13.953084, "activity_lines": [ 32.138952, 31.641401, 31.805056, 31.834737 ] }, { "date": "2024-03-22", "close": 33.835079, "volume": 9272722, "typical_volume": 9725129.2, "trend": 31.779036, "fair_value": 25.539369, "relative_strength": -3.544899, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 65.066548, "energy": 42.814387, "activity_lines": [ 32.736385, 32.134978, 31.98949, 31.973025 ] }, { "date": "2024-03-29", "close": 39.080826, "volume": 118758077, "typical_volume": 15393136.5, "trend": 32.003437, "fair_value": 25.648269, "relative_strength": 10.501615, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.678478, "energy": 75.87219, "activity_lines": [ 34.948342, 33.510795, 32.658323, 32.444108 ] }, { "date": "2024-04-05", "close": 35.845947, "volume": 16643663, "typical_volume": 15888727.25, "trend": 32.259896, "fair_value": 25.735101, "relative_strength": 0.838611, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.55906, "energy": 71.566211, "activity_lines": [ 35.56326, 34.11803, 32.978897, 32.692012 ] }, { "date": "2024-04-12", "close": 40.741982, "volume": 59703796, "typical_volume": 17988893.4, "trend": 32.659156, "fair_value": 25.855448, "relative_strength": 11.837225, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.617125, "energy": 88.300747, "activity_lines": [ 37.629503, 35.507359, 33.741404, 33.239244 ] }, { "date": "2024-04-19", "close": 46.424873, "volume": 98678998, "typical_volume": 22095293.2, "trend": 33.259503, "fair_value": 26.013022, "relative_strength": 33.994653, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.448038, "energy": 94.340895, "activity_lines": [ 40.975124, 37.751903, 35.014747, 34.127354 ] }, { "date": "2024-04-26", "close": 40.348553, "volume": 57593162, "typical_volume": 24133107.7, "trend": 33.553848, "fair_value": 26.12845, "relative_strength": 12.366131, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.723875, "energy": 76.598572, "activity_lines": [ 41.362728, 38.612684, 35.644861, 34.584712 ] }, { "date": "2024-05-03", "close": 37.507103, "volume": 14426986, "typical_volume": 23670497.4, "trend": 33.667505, "fair_value": 26.20011, "relative_strength": 2.971878, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.831161, "energy": 60.655837, "activity_lines": [ 40.36895, 38.801849, 35.972929, 34.839761 ] }, { "date": "2024-05-10", "close": 37.725677, "volume": 17881208, "typical_volume": 24123943.05, "trend": 33.725792, "fair_value": 26.25214, "relative_strength": 1.297627, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.084337, "energy": 44.209431, "activity_lines": [ 39.552946, 38.917891, 36.302037, 35.101579 ] }, { "date": "2024-05-17", "close": 38.031677, "volume": 10552396, "typical_volume": 24178240.6, "trend": 33.938536, "fair_value": 26.289628, "relative_strength": -0.897293, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.7551, "energy": 24.684434, "activity_lines": [ 38.713625, 39.006115, 36.637182, 35.379378 ] }, { "date": "2024-05-24", "close": 38.556252, "volume": 21476014, "typical_volume": 24808500.4, "trend": 34.20228, "fair_value": 26.382653, "relative_strength": -1.342946, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.158456, "energy": 19.534869, "activity_lines": [ 38.229851, 39.07129, 37.000846, 35.677295 ] }, { "date": "2024-05-31", "close": 39.211967, "volume": 9128098, "typical_volume": 24500584.5, "trend": 34.487882, "fair_value": 26.477486, "relative_strength": 1.737845, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.104651, "energy": 20.880463, "activity_lines": [ 38.489222, 39.144412, 37.40531, 36.000501 ] }, { "date": "2024-06-07", "close": 41.310268, "volume": 23921979, "typical_volume": 25299223.05, "trend": 34.843427, "fair_value": 26.582575, "relative_strength": 3.466492, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.77316, "energy": 32.385521, "activity_lines": [ 39.5238, 39.501281, 37.965272, 36.440654 ] }, { "date": "2024-06-14", "close": 43.277424, "volume": 33199048, "typical_volume": 26787605.15, "trend": 35.26163, "fair_value": 26.68936, "relative_strength": 4.850417, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 65.360483, "energy": 41.942494, "activity_lines": [ 40.960552, 40.17528, 38.654713, 36.984783 ] }, { "date": "2024-06-21", "close": 42.228271, "volume": 24089280, "typical_volume": 27790211.2, "trend": 35.523918, "fair_value": 26.794211, "relative_strength": -1.259448, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.200994, "energy": 47.655273, "activity_lines": [ 41.677469, 40.523406, 39.180537, 37.434244 ] }, { "date": "2024-06-28", "close": 39.299404, "volume": 9540734, "typical_volume": 28198993.4, "trend": 35.738119, "fair_value": 26.884281, "relative_strength": -7.167464, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.11942, "energy": 42.580186, "activity_lines": [ 41.138325, 40.311987, 39.373714, 37.677824 ] }, { "date": "2024-07-05", "close": 39.867687, "volume": 8234039, "typical_volume": 28476739.9, "trend": 35.94212, "fair_value": 26.981188, "relative_strength": -7.714447, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.456341, "energy": 32.966224, "activity_lines": [ 40.739065, 40.333447, 39.581878, 37.944247 ] }, { "date": "2024-07-12", "close": 40.129974, "volume": 10872127, "typical_volume": 28693858.6, "trend": 36.167979, "fair_value": 27.07738, "relative_strength": -8.391098, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.777549, "energy": 22.218695, "activity_lines": [ 40.38352, 40.411338, 39.77672, 38.214432 ] }, { "date": "2024-07-19", "close": 37.681957, "volume": 8751575, "typical_volume": 28519090.1, "trend": 36.328265, "fair_value": 27.162405, "relative_strength": -9.878059, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.497147, "energy": 16.930176, "activity_lines": [ 39.290655, 39.996447, 39.696369, 38.312108 ] }, { "date": "2024-07-26", "close": 37.594532, "volume": 2825202, "typical_volume": 28129948.95, "trend": 36.463781, "fair_value": 27.241546, "relative_strength": -7.001119, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.834452, "energy": 12.946447, "activity_lines": [ 38.541679, 39.566455, 39.586041, 38.393802 ] }, { "date": "2024-08-02", "close": 35.496231, "volume": 4497275, "typical_volume": 28002318.95, "trend": 36.513324, "fair_value": 27.305639, "relative_strength": -10.081784, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -12.694185, "energy": 25.475898, "activity_lines": [ 37.402186, 38.762901, 39.246941, 38.33138 ] }, { "date": "2024-08-09", "close": 35.714802, "volume": 7656973, "typical_volume": 27921531.5, "trend": 36.707125, "fair_value": 27.380982, "relative_strength": -8.659547, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -26.973153, "energy": 41.46228, "activity_lines": [ 36.589095, 38.054725, 38.914086, 38.279862 ] }, { "date": "2024-08-16", "close": 37.638245, "volume": 9274024, "typical_volume": 22447328.85, "trend": 36.989812, "fair_value": 27.471317, "relative_strength": -7.276691, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.675389, "energy": 32.294705, "activity_lines": [ 36.69401, 37.759851, 38.755464, 38.339934 ] }, { "date": "2024-08-23", "close": 36.414238, "volume": 3444465, "typical_volume": 21787368.95, "trend": 37.206928, "fair_value": 27.561792, "relative_strength": -9.277168, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.909962, "energy": 34.844513, "activity_lines": [ 36.557038, 37.309193, 38.48714, 38.302801 ] }, { "date": "2024-08-30", "close": 36.235153, "volume": 3808226, "typical_volume": 18992590.45, "trend": 37.383103, "fair_value": 27.650853, "relative_strength": -9.866849, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.448861, "energy": 25.930771, "activity_lines": [ 36.444886, 36.95076, 38.199054, 38.240105 ] }, { "date": "2024-09-06", "close": 34.024036, "volume": 2923983, "typical_volume": 14204839.7, "trend": 37.481202, "fair_value": 27.723877, "relative_strength": -11.974185, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.017158, "energy": 32.618707, "activity_lines": [ 35.68632, 36.299272, 37.721847, 38.023391 ] }, { "date": "2024-09-13", "close": 33.302044, "volume": 2646604, "typical_volume": 11457511.8, "trend": 37.530463, "fair_value": 27.794171, "relative_strength": -14.973137, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.450068, "energy": 55.095139, "activity_lines": [ 34.785236, 35.612428, 37.23493, 37.753768 ] }, { "date": "2024-09-20", "close": 33.888664, "volume": 1097080, "typical_volume": 10791016.5, "trend": 37.616764, "fair_value": 27.869852, "relative_strength": -14.846041, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -65.700669, "energy": 67.874092, "activity_lines": [ 34.240543, 35.151618, 36.837436, 37.518814 ] }, { "date": "2024-09-27", "close": 34.971657, "volume": 1819714, "typical_volume": 9987941.8, "trend": 37.677965, "fair_value": 27.952746, "relative_strength": -14.316556, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.364106, "energy": 66.582765, "activity_lines": [ 34.30682, 35.001193, 36.560315, 37.348161 ] }, { "date": "2024-10-04", "close": 33.888664, "volume": 883700, "typical_volume": 9504507.0, "trend": 37.75698, "fair_value": 28.02897, "relative_strength": -14.533418, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.016463, "energy": 63.918858, "activity_lines": [ 34.108271, 34.70314, 36.193167, 37.10369 ] }, { "date": "2024-10-11", "close": 32.264175, "volume": 2355861, "typical_volume": 8548499.35, "trend": 37.751245, "fair_value": 28.096136, "relative_strength": -20.123391, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.825175, "energy": 62.669867, "activity_lines": [ 33.524658, 34.177103, 35.691034, 36.749316 ] }, { "date": "2024-10-18", "close": 31.632425, "volume": 3091297, "typical_volume": 8246659.3, "trend": 37.677824, "fair_value": 28.154371, "relative_strength": -23.155543, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.421932, "energy": 68.052317, "activity_lines": [ 32.847786, 33.594968, 35.158696, 36.354553 ] }, { "date": "2024-10-25", "close": 31.948301, "volume": 2295462, "typical_volume": 7165333.45, "trend": 37.440073, "fair_value": 28.214902, "relative_strength": -21.469237, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.785365, "energy": 69.736004, "activity_lines": [ 32.387514, 33.14449, 34.692535, 35.984907 ] }, { "date": "2024-11-01", "close": 31.722677, "volume": 3152640, "typical_volume": 5663013.05, "trend": 37.30263, "fair_value": 28.274258, "relative_strength": -19.667105, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.565461, "energy": 71.741378, "activity_lines": [ 31.981392, 32.756443, 34.249467, 35.616042 ] }, { "date": "2024-11-08", "close": 31.406805, "volume": 3943428, "typical_volume": 4655720.45, "trend": 36.991458, "fair_value": 28.328878, "relative_strength": -22.647845, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.964976, "energy": 80.493768, "activity_lines": [ 31.686577, 32.396266, 33.831338, 35.235667 ] }, { "date": "2024-11-15", "close": 34.06916, "volume": 7327100, "typical_volume": 4545038.75, "trend": 36.579601, "fair_value": 28.397038, "relative_strength": -12.818207, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.4142, "energy": 50.483506, "activity_lines": [ 32.444672, 32.607942, 33.718297, 35.047131 ] }, { "date": "2024-11-22", "close": 34.294785, "volume": 1905920, "typical_volume": 4228632.8, "trend": 36.377809, "fair_value": 28.466645, "relative_strength": -12.379073, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.448104, "energy": 34.439237, "activity_lines": [ 33.157642, 32.859819, 33.651651, 34.899724 ] }, { "date": "2024-11-29", "close": 33.84354, "volume": 1458083, "typical_volume": 3757930.6, "trend": 36.25569, "fair_value": 28.537156, "relative_strength": -10.672295, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.581426, "energy": 23.546933, "activity_lines": [ 33.542707, 33.011603, 33.568567, 34.736223 ] }, { "date": "2024-12-06", "close": 34.024036, "volume": 1417622, "typical_volume": 3391232.95, "trend": 36.132302, "fair_value": 28.610993, "relative_strength": -13.335302, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.004307, "energy": 28.653963, "activity_lines": [ 33.861588, 33.197024, 33.532608, 34.592245 ] }, { "date": "2024-12-13", "close": 33.166672, "volume": 1831489, "typical_volume": 3341547.3, "trend": 35.970135, "fair_value": 28.679334, "relative_strength": -14.451121, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.373501, "energy": 23.301618, "activity_lines": [ 33.741257, 33.243791, 33.432414, 34.400914 ] }, { "date": "2024-12-20", "close": 31.903173, "volume": 1233978, "typical_volume": 3178382.45, "trend": 35.748366, "fair_value": 28.736593, "relative_strength": -15.409387, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.883849, "energy": 30.246938, "activity_lines": [ 33.082435, 33.073957, 33.232972, 34.138529 ] }, { "date": "2024-12-27", "close": 32.941044, "volume": 898258, "typical_volume": 2840446.7, "trend": 35.539335, "fair_value": 28.804301, "relative_strength": -15.08666, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.448547, "energy": 30.888724, "activity_lines": [ 32.913969, 33.099391, 33.149484, 33.957412 ] }, { "date": "2025-01-03", "close": 32.083675, "volume": 497609, "typical_volume": 2401625.95, "trend": 35.231782, "fair_value": 28.863531, "relative_strength": -15.442824, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.917458, "energy": 40.607026, "activity_lines": [ 32.549963, 32.945146, 32.997551, 33.734466 ] }, { "date": "2025-01-10", "close": 31.226303, "volume": 1746434, "typical_volume": 2316724.4, "trend": 34.830078, "fair_value": 28.918349, "relative_strength": -17.738134, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.208041, "energy": 56.527639, "activity_lines": [ 32.017491, 32.632555, 32.790414, 33.476048 ] }, { "date": "2025-01-17", "close": 31.045807, "volume": 913332, "typical_volume": 2171979.7, "trend": 34.457329, "fair_value": 28.97201, "relative_strength": -18.40206, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.140039, "energy": 61.909238, "activity_lines": [ 31.611369, 32.296171, 32.59079, 33.231902 ] }, { "date": "2025-01-24", "close": 31.497057, "volume": 172036, "typical_volume": 2034382.35, "trend": 34.197251, "fair_value": 29.030191, "relative_strength": -18.235059, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.142163, "energy": 60.102298, "activity_lines": [ 31.497054, 32.048396, 32.458855, 33.040916 ] }, { "date": "2025-02-07", "close": 31.812925, "volume": 628518, "typical_volume": 1933478.05, "trend": 33.928759, "fair_value": 29.087143, "relative_strength": -16.899144, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.162837, "energy": 52.519903, "activity_lines": [ 31.515104, 31.904817, 32.369035, 32.887089 ] }, { "date": "2025-02-14", "close": 32.986168, "volume": 904810, "typical_volume": 1923864.55, "trend": 33.690632, "fair_value": 29.157852, "relative_strength": -12.319623, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.856378, "energy": 29.733434, "activity_lines": [ 31.999442, 32.01968, 32.398043, 32.826277 ] }, { "date": "2025-02-21", "close": 33.527668, "volume": 3456063, "typical_volume": 2005682.0, "trend": 33.552155, "fair_value": 29.226609, "relative_strength": -12.742443, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.303427, "energy": 11.749048, "activity_lines": [ 32.604114, 32.248585, 32.482921, 32.815763 ] }, { "date": "2025-02-28", "close": 33.211792, "volume": 1194417, "typical_volume": 2021217.85, "trend": 33.406064, "fair_value": 29.294426, "relative_strength": -10.796708, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.003167, "energy": 16.769401, "activity_lines": [ 32.95007, 32.429084, 32.544592, 32.793804 ] }, { "date": "2025-03-07", "close": 32.670296, "volume": 1207463, "typical_volume": 1963797.95, "trend": 33.311866, "fair_value": 29.357959, "relative_strength": -10.072478, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.087642, "energy": 18.785172, "activity_lines": [ 32.971128, 32.510309, 32.557914, 32.746335 ] }, { "date": "2025-03-14", "close": 33.753292, "volume": 1553160, "typical_volume": 1886891.1, "trend": 33.246483, "fair_value": 29.421112, "relative_strength": -4.455421, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.286499, "energy": 21.408229, "activity_lines": [ 33.274968, 32.774494, 32.672445, 32.774814 ] }, { "date": "2025-03-21", "close": 33.84354, "volume": 716793, "typical_volume": 1807957.65, "trend": 33.119992, "fair_value": 29.484029, "relative_strength": -5.098881, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.577412, "energy": 24.971405, "activity_lines": [ 33.479534, 33.04032, 32.785472, 32.813334 ] }, { "date": "2025-03-28", "close": 33.211792, "volume": 3994649, "typical_volume": 1850058.1, "trend": 33.013244, "fair_value": 29.536932, "relative_strength": -4.101658, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.239321, "energy": 21.412169, "activity_lines": [ 33.416359, 33.159285, 32.829307, 32.819256 ] }, { "date": "2025-04-04", "close": 31.406805, "volume": 1343135, "typical_volume": 1720043.45, "trend": 32.852299, "fair_value": 29.582873, "relative_strength": -7.51583, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -21.556505, "energy": 10.308315, "activity_lines": [ 32.77258, 32.91397, 32.694148, 32.715615 ] }, { "date": "2025-04-11", "close": 26.849207, "volume": 3794552, "typical_volume": 1543416.05, "trend": 32.613138, "fair_value": 29.597702, "relative_strength": -13.367858, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.374787, "energy": 61.365649, "activity_lines": [ 30.729934, 31.833438, 32.124932, 32.328319 ] }, { "date": "2025-04-18", "close": 29.872562, "volume": 1635417, "typical_volume": 1529890.9, "trend": 32.498822, "fair_value": 29.633808, "relative_strength": -2.446157, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.297985, "energy": 61.897543, "activity_lines": [ 30.083145, 31.387113, 31.878035, 32.151508 ] }, { "date": "2025-04-25", "close": 29.601814, "volume": 1028511, "typical_volume": 1508412.3, "trend": 32.355927, "fair_value": 29.667366, "relative_strength": -4.622595, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.721536, "energy": 68.402476, "activity_lines": [ 29.604823, 30.926841, 31.626411, 31.964604 ] }, { "date": "2025-05-02", "close": 30.775057, "volume": 724365, "typical_volume": 1473749.45, "trend": 32.216041, "fair_value": 29.694344, "relative_strength": -4.589875, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.570703, "energy": 65.982831, "activity_lines": [ 29.800363, 30.741419, 31.506723, 31.862612 ] }, { "date": "2025-05-09", "close": 32.309299, "volume": 2669607, "typical_volume": 1515655.35, "trend": 32.163395, "fair_value": 29.752308, "relative_strength": -0.071831, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.157766, "energy": 26.67189, "activity_lines": [ 30.669766, 30.884998, 31.548625, 31.868629 ] }, { "date": "2025-05-16", "close": 34.204536, "volume": 2656022, "typical_volume": 1586757.55, "trend": 32.228074, "fair_value": 29.80832, "relative_strength": 1.615788, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.66192, "energy": 11.106061, "activity_lines": [ 32.110749, 31.389574, 31.775108, 32.000315 ] }, { "date": "2025-05-23", "close": 34.565536, "volume": 1530593, "typical_volume": 1618374.3, "trend": 32.325844, "fair_value": 29.874781, "relative_strength": 3.84585, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.469735, "energy": 25.27009, "activity_lines": [ 33.18171, 31.931892, 32.025013, 32.151119 ] }, { "date": "2025-05-30", "close": 33.753292, "volume": 1277579, "typical_volume": 1657372.8, "trend": 32.386011, "fair_value": 29.928714, "relative_strength": 3.120841, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 18.78125, "energy": 29.347979, "activity_lines": [ 33.669058, 32.31176, 32.189826, 32.243213 ] }, { "date": "2025-06-06", "close": 34.159409, "volume": 1073594, "typical_volume": 1623730.8, "trend": 32.467235, "fair_value": 29.981725, "relative_strength": 3.207584, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.468892, "energy": 42.631827, "activity_lines": [ 34.015013, 32.767109, 32.385366, 32.357626 ] }, { "date": "2025-06-13", "close": 34.294785, "volume": 2306878, "typical_volume": 1693408.1, "trend": 32.563501, "fair_value": 30.043467, "relative_strength": 2.113272, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.82434, "energy": 46.138725, "activity_lines": [ 34.18047, 33.229842, 32.579832, 32.475532 ] }, { "date": "2025-06-20", "close": 36.235153, "volume": 12037730, "typical_volume": 2286692.8, "trend": 32.635701, "fair_value": 30.121445, "relative_strength": 8.406731, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 71.535887, "energy": 56.215542, "activity_lines": [ 34.86035, 33.992861, 32.943623, 32.712413 ] }, { "date": "2025-06-27", "close": 35.603401, "volume": 2658994, "typical_volume": 2388216.6, "trend": 32.679321, "fair_value": 30.201339, "relative_strength": 4.312586, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.26119, "energy": 53.640692, "activity_lines": [ 35.194272, 34.470362, 33.224686, 32.903877 ] }, { "date": "2025-07-04", "close": 34.204536, "volume": 1621989, "typical_volume": 2424075.55, "trend": 32.691354, "fair_value": 30.263859, "relative_strength": 0.601182, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.751476, "energy": 41.954763, "activity_lines": [ 34.992715, 34.589327, 33.354473, 33.002278 ] }, { "date": "2025-07-11", "close": 35.468029, "volume": 2166372, "typical_volume": 2359591.0, "trend": 32.739488, "fair_value": 30.351291, "relative_strength": 3.560366, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.078162, "energy": 53.328812, "activity_lines": [ 35.182239, 34.854333, 33.598791, 33.181419 ] }, { "date": "2025-07-18", "close": 36.009529, "volume": 1836021, "typical_volume": 2391671.2, "trend": 32.834249, "fair_value": 30.433246, "relative_strength": 2.479775, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.016584, "energy": 53.381949, "activity_lines": [ 35.465022, 35.132466, 33.885441, 33.392389 ] }, { "date": "2025-07-25", "close": 34.700912, "volume": 1840244, "typical_volume": 2423310.25, "trend": 32.927507, "fair_value": 30.508981, "relative_strength": -0.959206, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.811607, "energy": 33.991036, "activity_lines": [ 35.197282, 35.105391, 34.034138, 33.512819 ] }, { "date": "2025-08-01", "close": 34.339909, "volume": 1522633, "typical_volume": 2421783.9, "trend": 32.974136, "fair_value": 30.57942, "relative_strength": -1.987864, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.494259, "energy": 27.353041, "activity_lines": [ 34.911492, 35.003655, 34.138784, 33.603942 ] }, { "date": "2025-08-08", "close": 35.783901, "volume": 2242290, "typical_volume": 2498058.75, "trend": 33.097477, "fair_value": 30.659657, "relative_strength": -0.168136, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.322011, "energy": 32.6947, "activity_lines": [ 35.191264, 35.168565, 34.37816, 33.785217 ] }, { "date": "2025-08-15", "close": 37.137642, "volume": 4629643, "typical_volume": 2529808.45, "trend": 33.294522, "fair_value": 30.75047, "relative_strength": 2.45646, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.351546, "energy": 40.24721, "activity_lines": [ 35.816993, 35.54269, 34.737223, 34.045872 ] }, { "date": "2025-08-22", "close": 36.370522, "volume": 2507421, "typical_volume": 2588022.75, "trend": 33.472012, "fair_value": 30.838264, "relative_strength": 2.951041, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.210167, "energy": 41.406153, "activity_lines": [ 36.075707, 35.723188, 35.004534, 34.244324 ] }, { "date": "2025-08-29", "close": 36.832184, "volume": 2483097, "typical_volume": 2522450.0, "trend": 33.64985, "fair_value": 30.928746, "relative_strength": 2.405222, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.304635, "energy": 55.992581, "activity_lines": [ 36.464243, 35.949885, 35.292175, 34.461109 ] }, { "date": "2025-09-05", "close": 36.363579, "volume": 3106708, "typical_volume": 2596014.55, "trend": 33.801538, "fair_value": 31.017038, "relative_strength": 0.208317, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.283543, "energy": 52.13667, "activity_lines": [ 36.554492, 36.080525, 35.487649, 34.636189 ] }, { "date": "2025-09-12", "close": 37.722527, "volume": 4818143, "typical_volume": 2785496.15, "trend": 33.959417, "fair_value": 31.113765, "relative_strength": 0.092314, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.18139, "energy": 50.237837, "activity_lines": [ 36.962813, 36.444426, 35.781637, 34.889156 ] }, { "date": "2025-09-19", "close": 36.597881, "volume": 3022009, "typical_volume": 2900378.35, "trend": 34.061757, "fair_value": 31.194716, "relative_strength": -3.160186, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.500489, "energy": 42.54159, "activity_lines": [ 36.867009, 36.539882, 35.929846, 35.059379 ] }, { "date": "2025-09-26", "close": 36.738464, "volume": 4092300, "typical_volume": 2971513.0, "trend": 34.179313, "fair_value": 31.276015, "relative_strength": -2.677665, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.053788, "energy": 35.109203, "activity_lines": [ 36.854051, 36.640356, 36.063716, 35.23207 ] }, { "date": "2025-10-03", "close": 36.457302, "volume": 1169341, "typical_volume": 2897178.95, "trend": 34.305547, "fair_value": 31.366013, "relative_strength": -7.478681, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.354876, "energy": 31.923709, "activity_lines": [ 36.722843, 36.676455, 36.149718, 35.379037 ] }, { "date": "2025-10-10", "close": 37.441368, "volume": 1923376, "typical_volume": 2916818.1, "trend": 34.428482, "fair_value": 31.461766, "relative_strength": -6.683165, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.857961, "energy": 32.15128, "activity_lines": [ 36.944649, 36.859542, 36.318712, 35.581348 ] }, { "date": "2025-10-17", "close": 35.988701, "volume": 2841037, "typical_volume": 2994991.0, "trend": 34.499988, "fair_value": 31.539088, "relative_strength": -10.198651, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.106884, "energy": 21.284545, "activity_lines": [ 36.610379, 36.722117, 36.335663, 35.682007 ] }, { "date": "2025-10-24", "close": 36.363579, "volume": 1511807, "typical_volume": 3016901.65, "trend": 34.605047, "fair_value": 31.625445, "relative_strength": -9.990178, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.89542, "energy": 17.971709, "activity_lines": [ 36.516658, 36.649129, 36.377672, 35.802239 ] }, { "date": "2025-10-31", "close": 35.801258, "volume": 1833398, "typical_volume": 2993227.65, "trend": 34.751529, "fair_value": 31.718423, "relative_strength": -13.468914, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.471641, "energy": 12.977764, "activity_lines": [ 36.251116, 36.487974, 36.35563, 35.879414 ] }, { "date": "2025-11-07", "close": 35.566956, "volume": 4460787, "typical_volume": 2614380.5, "trend": 35.042121, "fair_value": 31.807965, "relative_strength": -12.103427, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.943877, "energy": 9.910821, "activity_lines": [ 35.969955, 36.294569, 36.3041, 35.932022 ] }, { "date": "2025-11-14", "close": 35.894978, "volume": 3878849, "typical_volume": 2675373.25, "trend": 35.242868, "fair_value": 31.896292, "relative_strength": -10.443321, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.668887, "energy": 10.724522, "activity_lines": [ 35.85749, 36.183808, 36.286993, 35.987045 ] }, { "date": "2025-11-21", "close": 34.629749, "volume": 2582380, "typical_volume": 2723392.8, "trend": 35.410466, "fair_value": 31.974852, "relative_strength": -10.232116, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.990566, "energy": 11.844284, "activity_lines": [ 35.426375, 35.851526, 36.147999, 35.947489 ] }, { "date": "2025-11-28", "close": 35.098354, "volume": 1356247, "typical_volume": 2682886.55, "trend": 35.554576, "fair_value": 32.055586, "relative_strength": -12.680477, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -15.946393, "energy": 21.872041, "activity_lines": [ 35.242058, 35.660677, 36.051609, 35.927353 ] }, { "date": "2025-12-05", "close": 35.098354, "volume": 1587116, "typical_volume": 2670441.3, "trend": 35.647544, "fair_value": 32.13328, "relative_strength": -13.482486, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -16.666028, "energy": 27.36446, "activity_lines": [ 35.14209, 35.497092, 35.956979, 35.897919 ] }, { "date": "2025-12-12", "close": 35.754398, "volume": 2339540, "typical_volume": 2695406.1, "trend": 35.699206, "fair_value": 32.213246, "relative_strength": -12.312528, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -13.689835, "energy": 20.052566, "activity_lines": [ 35.307663, 35.482608, 35.929169, 35.904813 ] }, { "date": "2025-12-19", "close": 34.957771, "volume": 1320956, "typical_volume": 2685322.25, "trend": 35.712281, "fair_value": 32.290315, "relative_strength": -12.505557, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -25.524238, "energy": 17.266194, "activity_lines": [ 35.195198, 35.336063, 35.820473, 35.856978 ] }, { "date": "2025-12-26", "close": 35.426373, "volume": 1354514, "typical_volume": 2640933.45, "trend": 35.76805, "fair_value": 32.371494, "relative_strength": -13.798983, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -20.946441, "energy": 13.318209, "activity_lines": [ 35.301414, 35.319874, 35.753463, 35.838533 ] }, { "date": "2026-01-02", "close": 34.817192, "volume": 1338605, "typical_volume": 2476381.55, "trend": 35.789976, "fair_value": 32.44932, "relative_strength": -17.319592, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -53.202721, "energy": 25.264139, "activity_lines": [ 35.151461, 35.20315, 35.630139, 35.777187 ] }, { "date": "2026-01-09", "close": 35.941837, "volume": 2508220, "typical_volume": 2476421.5, "trend": 35.844878, "fair_value": 32.536014, "relative_strength": -17.057537, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -32.181179, "energy": 15.955616, "activity_lines": [ 35.395134, 35.319022, 35.624973, 35.786985 ] }, { "date": "2026-01-16", "close": 37.113342, "volume": 3457411, "typical_volume": 2525137.2, "trend": 35.874151, "fair_value": 32.628283, "relative_strength": -17.212278, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.656562, "energy": 9.441686, "activity_lines": [ 35.973077, 35.645339, 35.733421, 35.868821 ] }, { "date": "2026-01-23", "close": 40.018684, "volume": 10132436, "typical_volume": 2876423.6, "trend": 36.021327, "fair_value": 32.740834, "relative_strength": -12.169981, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 67.172938, "energy": 58.060388, "activity_lines": [ 37.42887, 36.471785, 36.117229, 36.13621 ] }, { "date": "2026-01-30", "close": 38.566013, "volume": 4431212, "typical_volume": 2857077.05, "trend": 36.16671, "fair_value": 32.844349, "relative_strength": -15.472945, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.311653, "energy": 65.311698, "activity_lines": [ 38.063046, 36.959132, 36.345283, 36.300383 ] }, { "date": "2026-02-06", "close": 36.035561, "volume": 3772176, "typical_volume": 2894585.4, "trend": 36.185627, "fair_value": 32.928328, "relative_strength": -20.082298, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.985332, "energy": 53.432881, "activity_lines": [ 37.644429, 36.914828, 36.328324, 36.291922 ] }, { "date": "2026-02-13", "close": 35.520096, "volume": 1467696, "typical_volume": 2763355.2, "trend": 36.169313, "fair_value": 33.012595, "relative_strength": -25.124984, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.510014, "energy": 35.724611, "activity_lines": [ 36.972765, 36.759763, 36.264951, 36.248985 ] }, { "date": "2026-02-27", "close": 36.269859, "volume": 1855098, "typical_volume": 2797643.05, "trend": 36.221611, "fair_value": 33.100286, "relative_strength": -27.063206, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.414297, "energy": 14.491813, "activity_lines": [ 36.579138, 36.733351, 36.278786, 36.255472 ] }, { "date": "2026-03-06", "close": 35.473232, "volume": 2145342, "typical_volume": 2808741.35, "trend": 36.259389, "fair_value": 33.182594, "relative_strength": -24.413441, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.881352, "energy": 16.826333, "activity_lines": [ 35.976201, 36.552725, 36.217644, 36.207189 ] }, { "date": "2026-03-13", "close": 32.286736, "volume": 5704353, "typical_volume": 2951907.15, "trend": 36.142816, "fair_value": 33.245305, "relative_strength": -30.332045, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -74.775692, "energy": 47.321502, "activity_lines": [ 34.614129, 35.783365, 35.862398, 35.950889 ] }, { "date": "2026-03-20", "close": 31.724411, "volume": 2709515, "typical_volume": 3011792.55, "trend": 35.962375, "fair_value": 33.293633, "relative_strength": -31.275734, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.82207, "energy": 74.755489, "activity_lines": [ 33.483234, 34.968847, 35.471226, 35.66583 ] }, { "date": "2026-03-27", "close": 30.506044, "volume": 1821024, "typical_volume": 3011173.85, "trend": 35.766893, "fair_value": 33.339955, "relative_strength": -32.485814, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.251533, "energy": 84.45941, "activity_lines": [ 32.233626, 33.989041, 34.986111, 35.313809 ] }, { "date": "2026-04-03", "close": 29.756281, "volume": 1171286, "typical_volume": 2846698.8, "trend": 35.531029, "fair_value": 33.364061, "relative_strength": -32.459259, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.277085, "energy": 88.448694, "activity_lines": [ 31.068368, 32.971747, 34.454805, 34.926028 ] }, { "date": "2026-04-10", "close": 30.271742, "volume": 826077, "typical_volume": 2694060.2, "trend": 35.327968, "fair_value": 33.407499, "relative_strength": -36.247443, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.408947, "energy": 86.077002, "activity_lines": [ 30.509168, 32.181938, 34.00026, 34.586719 ] }, { "date": "2026-04-17", "close": 30.740345, "volume": 1548566, "typical_volume": 2642369.5, "trend": 35.095229, "fair_value": 33.453112, "relative_strength": -37.213464, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.04125, "energy": 83.241987, "activity_lines": [ 30.452936, 31.654547, 33.617121, 34.290743 ] }, { "date": "2026-04-24", "close": 29.803139, "volume": 1789213, "typical_volume": 2664017.8, "trend": 34.868737, "fair_value": 33.490783, "relative_strength": -41.803226, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.303484, "energy": 78.931, "activity_lines": [ 30.187394, 31.099039, 33.163245, 33.949318 ] }, { "date": "2026-05-01", "close": 29.89686, "volume": 904589, "typical_volume": 2629891.45, "trend": 34.640684, "fair_value": 33.535687, "relative_strength": -40.989068, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.516819, "energy": 69.719444, "activity_lines": [ 30.081177, 30.673889, 32.743511, 33.628552 ] }, { "date": "2026-05-08", "close": 30.084301, "volume": 2167787, "typical_volume": 2621303.8, "trend": 34.42825, "fair_value": 33.582069, "relative_strength": -43.811634, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.950272, "energy": 59.705383, "activity_lines": [ 30.078053, 30.385059, 32.366397, 33.334592 ] }, { "date": "2026-05-15", "close": 28.116171, "volume": 3591883, "typical_volume": 2734850.15, "trend": 34.117411, "fair_value": 33.613901, "relative_strength": -46.244719, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.094304, "energy": 82.521617, "activity_lines": [ 29.397017, 29.850852, 31.828843, 32.927361 ] }, { "date": "2026-05-22", "close": 28.772215, "volume": 1675330, "typical_volume": 2750890.95, "trend": 33.876861, "fair_value": 33.652148, "relative_strength": -45.688555, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.743088, "energy": 77.423291, "activity_lines": [ 29.078368, 29.569691, 31.386348, 32.582509 ] }, { "date": "2026-05-29", "close": 30.084301, "volume": 2565116, "typical_volume": 2812216.5, "trend": 33.667552, "fair_value": 33.696319, "relative_strength": -45.56951, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.422567, "energy": 57.384617, "activity_lines": [ 29.328289, 29.590991, 31.1005, 32.337828 ] }, { "date": "2026-06-05", "close": 30.834068, "volume": 4906189, "typical_volume": 2932114.95, "trend": 33.501979, "fair_value": 33.743362, "relative_strength": -43.84737, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.219865, "energy": 44.789484, "activity_lines": [ 29.809389, 29.778432, 30.908597, 32.155023 ] }, { "date": "2026-06-12", "close": 29.756281, "volume": 1500700, "typical_volume": 2834279.4, "trend": 33.30829, "fair_value": 33.780456, "relative_strength": -43.903771, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.950793, "energy": 37.168502, "activity_lines": [ 29.868745, 29.763948, 30.638369, 31.913365 ] }, { "date": "2026-06-19", "close": 29.709421, "volume": 1188786, "typical_volume": 2387096.9, "trend": 33.102104, "fair_value": 33.802051, "relative_strength": -45.968782, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.66825, "energy": 31.484574, "activity_lines": [ 29.93435, 29.740944, 30.398712, 31.68118 ] }, { "date": "2026-06-26", "close": 29.147097, "volume": 1490547, "typical_volume": 2240063.65, "trend": 32.919349, "fair_value": 33.818935, "relative_strength": -43.836315, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.260811, "energy": 37.169421, "activity_lines": [ 29.706297, 29.625924, 30.154593, 31.426018 ] }, { "date": "2026-07-03", "close": 30.552904, "volume": 1349927, "typical_volume": 2118951.2, "trend": 32.767834, "fair_value": 33.843726, "relative_strength": -43.038291, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.299043, "energy": 31.637616, "activity_lines": [ 29.921853, 29.795473, 30.089211, 31.273344 ] }, { "date": "2026-07-10", "close": 29.990582, "volume": 0, "typical_volume": 2045566.4, "trend": 32.597575, "fair_value": 33.844462, "relative_strength": -41.488863, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.546917, "energy": 28.694181, "activity_lines": [ 29.918729, 29.849149, 29.996383, 31.094166 ] }, { "date": "2026-07-17", "close": 28.549999, "volume": 2021538, "typical_volume": 2053888.4, "trend": 32.357429, "fair_value": 33.823804, "relative_strength": -39.886445, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.226234, "energy": 40.480898, "activity_lines": [ 29.491643, 29.639197, 29.792688, 30.833032 ] }, { "date": "2026-07-24", "close": 29.15, "volume": 933198, "typical_volume": 1993281.2, "trend": 32.163836, "fair_value": 33.811414, "relative_strength": -39.08798, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.541361, "energy": 34.696649, "activity_lines": [ 29.344976, 29.566233, 29.682897, 30.626102 ] }, { "date": "2026-07-31", "close": 29.0, "volume": 1478342, "typical_volume": 1781980.65, "trend": 31.949624, "fair_value": 33.798891, "relative_strength": -37.762157, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.193836, "energy": 37.017394, "activity_lines": [ 29.185604, 29.447199, 29.588931, 30.421983 ] }, { "date": "2026-08-07", "close": 28.700001, "volume": 1089548, "typical_volume": 1700982.3, "trend": 31.745717, "fair_value": 33.790249, "relative_strength": -39.061159, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.455341, "energy": 40.112295, "activity_lines": [ 28.936039, 29.269478, 29.482044, 30.21233 ] }, { "date": "2026-08-14", "close": 31.1, "volume": 1934918, "typical_volume": 1706677.0, "trend": 31.584323, "fair_value": 33.794504, "relative_strength": -35.302797, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.04586, "energy": 15.364791, "activity_lines": [ 29.61, 29.55329, 29.618131, 30.170671 ] } ], "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." } } }