{ "ticker": { "uuid": "4505644b-745f-4944-8d38-330a79211b45", "symbol": "300631", "name": "JiangSu JiuWu Hi-Tech Co., Ltd.", "exchange": "SHZ", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "399001.SZ", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -65.677, "architecture_energy": 72.836, "architecture_maturity": 31.436, "architecture_confidence": 88.01, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 5.76, "rotation_up": 11.81, "upward_expansion": 16.09, "deceleration": 39.61, "rotation_down": 73.92, "downward_expansion": 91.75 }, "activity_lines": [ 20.862666, 21.876363, 23.7135, 24.882835 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 22.049999, "trend_reference": 26.500611, "distance_from_trend": -0.167944, "trend_direction": "Weakening", "fair_value": 25.063625, "distance_from_fair_value": -0.120239, "fair_value_direction": "Weakening", "relative_strength": -25.974225, "relative_strength_direction": "Weakening", "price_momentum": -0.25957, "excess_performance": -0.26697, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.167944, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.07811, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.120239, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.295482, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.259742, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.113096, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.25957, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.276374, "read": "Supply-led" } ], "volume": { "latest": 13420404, "relative_activity": 0.944637, "balance": 0.276374, "dry_up": 1.133389, "accumulation_observations": 0, "distribution_observations": 5 }, "risk": { "range_context": 0.106393, "annualized_volatility": 0.493314, "from_high_reference": -0.443322, "from_low_reference": 0.27383 }, "levels": { "trend_reference": 26.500611, "fair_value_reference": 25.063625, "structural_low": 17.309999, "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": 29, "median_return": -0.011654, "positive_rate": 0.37931, "directional_follow_through": 0.62069, "median_excess_return": -0.019535, "regime_survival": 0.793103, "best_return": 0.310389, "worst_return": -0.292717, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": -0.079465, "positive_rate": 0.363636, "directional_follow_through": 0.636364, "median_excess_return": -0.042551, "regime_survival": 0.636364, "best_return": 0.663779, "worst_return": -0.284374, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.191766, "positive_rate": 0.428571, "directional_follow_through": 0.571429, "median_excess_return": -0.066129, "regime_survival": 0.428571, "best_return": 0.594266, "worst_return": -0.281468, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.004524, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": 0.141788, "regime_survival": 0.333333, "best_return": 1.020312, "worst_return": -0.433031, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-04", "end": "2024-11-15", "tenure": "Developing", "return": 0.081944, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-22", "end": "2024-12-06", "tenure": "New", "return": -0.01955, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-13", "end": "2025-04-18", "tenure": "Established", "return": -0.154844, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-05-23", "tenure": "Developing", "return": 0.128, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-30", "end": "2025-06-13", "tenure": "New", "return": 0.068966, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-20", "end": "2025-06-27", "tenure": "New", "return": 0.054989, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-04", "end": "2025-10-03", "tenure": "Established", "return": 0.362341, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-10", "end": "2025-12-05", "tenure": "Developing", "return": -0.146094, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-12-12", "end": "2025-12-26", "tenure": "New", "return": 0.020986, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-02", "end": "2026-01-23", "tenure": "New", "return": 0.098996, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-30", "end": "2026-03-20", "tenure": "Developing", "return": -0.129617, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-27", "end": "2026-05-08", "tenure": "Developing", "return": 0.127303, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-15", "end": "2026-06-05", "tenure": "New", "return": -0.159009, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-12", "end": "2026-08-07", "tenure": "Developing", "return": -0.144354, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 32.602997, "volume": 4584284, "typical_volume": 10921522.75, "trend": 32.366121, "fair_value": 28.753205, "relative_strength": 11.346219, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.732414, "energy": 15.709902, "activity_lines": [ 32.56153, 33.140054, 33.361465, 33.027163 ] }, { "date": "2023-08-04", "close": 31.795795, "volume": 3915841, "typical_volume": 10702575.2, "trend": 32.514016, "fair_value": 28.833955, "relative_strength": 6.812081, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.769154, "energy": 24.802931, "activity_lines": [ 32.205303, 32.790031, 33.232673, 32.990367 ] }, { "date": "2023-08-11", "close": 32.534088, "volume": 14807234, "typical_volume": 10622222.65, "trend": 32.607277, "fair_value": 28.922045, "relative_strength": 12.963625, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.266212, "energy": 23.482935, "activity_lines": [ 32.266335, 32.658431, 33.162515, 32.991662 ] }, { "date": "2023-08-18", "close": 30.466871, "volume": 8223477, "typical_volume": 10474232.35, "trend": 32.647021, "fair_value": 28.993903, "relative_strength": 8.768878, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.504249, "energy": 38.834293, "activity_lines": [ 31.64945, 32.197091, 32.892683, 32.853572 ] }, { "date": "2023-08-25", "close": 29.915613, "volume": 7006100, "typical_volume": 10119343.5, "trend": 32.624838, "fair_value": 29.065084, "relative_strength": 9.77707, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.174187, "energy": 53.068675, "activity_lines": [ 31.01616, 31.688861, 32.57908, 32.677352 ] }, { "date": "2023-09-01", "close": 29.590761, "volume": 8593735, "typical_volume": 9499243.8, "trend": 32.538779, "fair_value": 29.137039, "relative_strength": 4.709078, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -70.036656, "energy": 67.654694, "activity_lines": [ 30.392056, 31.196717, 32.255437, 32.481605 ] }, { "date": "2023-09-08", "close": 29.167475, "volume": 4256437, "typical_volume": 8869045.35, "trend": 32.405537, "fair_value": 29.204356, "relative_strength": 4.594838, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.604914, "energy": 75.870866, "activity_lines": [ 29.827673, 30.706703, 31.917154, 32.264101 ] }, { "date": "2023-09-15", "close": 29.748264, "volume": 5600881, "typical_volume": 8676862.55, "trend": 32.315887, "fair_value": 29.267696, "relative_strength": 7.499797, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.386316, "energy": 70.687697, "activity_lines": [ 29.632107, 30.416755, 31.649757, 32.092664 ] }, { "date": "2023-09-22", "close": 27.415262, "volume": 6766478, "typical_volume": 8895180.1, "trend": 32.170082, "fair_value": 29.307512, "relative_strength": -1.688319, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.361097, "energy": 78.09269, "activity_lines": [ 28.844595, 29.756319, 31.168486, 31.776495 ] }, { "date": "2023-09-29", "close": 26.578529, "volume": 5252336, "typical_volume": 8544730.5, "trend": 32.017015, "fair_value": 29.3555, "relative_strength": -4.411458, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.901626, "energy": 83.772176, "activity_lines": [ 27.981613, 29.044874, 30.625222, 31.41575 ] }, { "date": "2023-10-13", "close": 26.568686, "volume": 6611808, "typical_volume": 8105227.15, "trend": 31.891454, "fair_value": 29.393988, "relative_strength": -4.423129, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.656123, "energy": 85.64352, "activity_lines": [ 27.337822, 28.42435, 30.113598, 31.064245 ] }, { "date": "2023-10-20", "close": 25.653204, "volume": 4267895, "typical_volume": 7243600.05, "trend": 31.768451, "fair_value": 29.436604, "relative_strength": -3.355705, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.222703, "energy": 89.878168, "activity_lines": [ 26.590343, 27.74709, 29.552044, 30.661777 ] }, { "date": "2023-10-27", "close": 26.145397, "volume": 10288101, "typical_volume": 7223472.3, "trend": 31.575078, "fair_value": 29.48076, "relative_strength": -3.93279, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.039404, "energy": 82.721203, "activity_lines": [ 26.241212, 27.271003, 29.088664, 30.298999 ] }, { "date": "2023-11-03", "close": 28.232306, "volume": 15370387, "typical_volume": 7556581.8, "trend": 31.43948, "fair_value": 29.535935, "relative_strength": 2.305193, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.869425, "energy": 53.972351, "activity_lines": [ 26.827909, 27.290512, 28.866539, 30.083337 ] }, { "date": "2023-11-10", "close": 29.876236, "volume": 12658125, "typical_volume": 7768943.4, "trend": 31.291879, "fair_value": 29.589353, "relative_strength": 6.289343, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.863956, "energy": 34.360247, "activity_lines": [ 27.908113, 27.649546, 28.825589, 29.982482 ] }, { "date": "2023-11-17", "close": 29.915613, "volume": 6689600, "typical_volume": 7867349.0, "trend": 31.122996, "fair_value": 29.646625, "relative_strength": 6.341435, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.243308, "energy": 23.849293, "activity_lines": [ 28.781595, 28.016455, 28.808258, 29.893691 ] }, { "date": "2023-11-24", "close": 30.043585, "volume": 5065577, "typical_volume": 7636199.65, "trend": 31.043189, "fair_value": 29.695651, "relative_strength": 8.065202, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.619221, "energy": 26.910696, "activity_lines": [ 29.474606, 28.400726, 28.822283, 29.824051 ] }, { "date": "2023-12-01", "close": 29.561232, "volume": 5198778, "typical_volume": 7272844.75, "trend": 30.97874, "fair_value": 29.738544, "relative_strength": 7.352654, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.731574, "energy": 25.603465, "activity_lines": [ 29.714141, 28.681366, 28.810939, 29.728441 ] }, { "date": "2023-12-08", "close": 28.153555, "volume": 6742600, "typical_volume": 7326748.85, "trend": 30.879484, "fair_value": 29.779739, "relative_strength": 3.898239, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.170302, "energy": 18.644183, "activity_lines": [ 29.256728, 28.709466, 28.680484, 29.546171 ] }, { "date": "2023-12-15", "close": 28.005896, "volume": 3799714, "typical_volume": 7284969.4, "trend": 30.69901, "fair_value": 29.828495, "relative_strength": 5.042685, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.524376, "energy": 13.930099, "activity_lines": [ 28.755345, 28.697296, 28.558935, 29.360778 ] }, { "date": "2023-12-22", "close": 27.612139, "volume": 4854249, "typical_volume": 7298467.65, "trend": 30.472991, "fair_value": 29.884786, "relative_strength": 5.153296, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.614677, "energy": 27.615061, "activity_lines": [ 28.2474, 28.587581, 28.417371, 29.161626 ] }, { "date": "2023-12-29", "close": 28.714657, "volume": 3788134, "typical_volume": 7292082.3, "trend": 30.21594, "fair_value": 29.947709, "relative_strength": 5.534562, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.094943, "energy": 26.822773, "activity_lines": [ 28.260525, 28.659352, 28.404574, 29.048185 ] }, { "date": "2024-01-05", "close": 28.114178, "volume": 3185620, "typical_volume": 6711001.6, "trend": 29.984062, "fair_value": 30.013117, "relative_strength": 7.563423, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.777176, "energy": 26.286919, "activity_lines": [ 28.162085, 28.566282, 28.34926, 28.912587 ] }, { "date": "2024-01-12", "close": 29.551388, "volume": 6408799, "typical_volume": 6620267.7, "trend": 29.855759, "fair_value": 30.087179, "relative_strength": 13.960014, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.24521, "energy": 13.114827, "activity_lines": [ 28.639186, 28.698727, 28.451871, 28.884673 ] }, { "date": "2024-01-19", "close": 28.517778, "volume": 7809870, "typical_volume": 6660456.2, "trend": 29.67139, "fair_value": 30.160328, "relative_strength": 12.121857, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.252574, "energy": 9.015983, "activity_lines": [ 28.678562, 28.61926, 28.460403, 28.798351 ] }, { "date": "2024-01-26", "close": 26.77541, "volume": 6028466, "typical_volume": 6532192.75, "trend": 29.432543, "fair_value": 30.224419, "relative_strength": 5.195889, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.532199, "energy": 25.645789, "activity_lines": [ 28.103023, 28.247698, 28.309651, 28.611514 ] }, { "date": "2024-02-02", "close": 19.88468, "volume": 7727581, "typical_volume": 6705749.95, "trend": 28.949926, "fair_value": 30.254212, "relative_strength": -14.977109, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.124485, "energy": 74.044742, "activity_lines": [ 25.286355, 26.68037, 27.516045, 27.995523 ] }, { "date": "2024-02-09", "close": 18.595125, "volume": 15612157, "typical_volume": 7206313.75, "trend": 28.479715, "fair_value": 30.280023, "relative_strength": -27.114411, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.759423, "energy": 89.088174, "activity_lines": [ 22.628501, 25.063286, 26.643828, 27.327471 ] }, { "date": "2024-02-23", "close": 20.928131, "volume": 11423626, "typical_volume": 7439171.15, "trend": 28.078084, "fair_value": 30.303961, "relative_strength": -19.974887, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.256858, "energy": 84.394842, "activity_lines": [ 21.38292, 24.069767, 26.046913, 26.840272 ] }, { "date": "2024-03-01", "close": 22.158619, "volume": 13754246, "typical_volume": 7864266.65, "trend": 27.760782, "fair_value": 30.345288, "relative_strength": -18.321799, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.411784, "energy": 81.642574, "activity_lines": [ 21.122384, 23.431346, 25.598078, 26.458371 ] }, { "date": "2024-03-08", "close": 23.871458, "volume": 18137430, "typical_volume": 8440547.75, "trend": 27.469731, "fair_value": 30.406598, "relative_strength": -11.302741, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.129377, "energy": 59.388129, "activity_lines": [ 21.856739, 23.210664, 25.333418, 26.207447 ] }, { "date": "2024-03-15", "close": 23.398951, "volume": 10844816, "typical_volume": 8769393.8, "trend": 27.189836, "fair_value": 30.462706, "relative_strength": -15.151278, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.010503, "energy": 39.026509, "activity_lines": [ 22.627189, 22.972083, 25.036601, 25.944816 ] }, { "date": "2024-03-22", "close": 23.015038, "volume": 8915302, "typical_volume": 8700753.85, "trend": 26.872535, "fair_value": 30.510329, "relative_strength": -15.993679, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.78575, "energy": 26.924587, "activity_lines": [ 23.035382, 22.76035, 24.713955, 25.675474 ] }, { "date": "2024-03-29", "close": 22.394873, "volume": 6734528, "typical_volume": 8268960.9, "trend": 26.603468, "fair_value": 30.550873, "relative_strength": -16.702311, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.522665, "energy": 25.093939, "activity_lines": [ 22.942194, 22.528571, 24.347153, 25.386593 ] }, { "date": "2024-04-05", "close": 23.211916, "volume": 6702727, "typical_volume": 7971191.0, "trend": 26.380011, "fair_value": 30.592866, "relative_strength": -14.785205, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.627695, "energy": 24.142349, "activity_lines": [ 23.02357, 22.575463, 24.085961, 25.167783 ] }, { "date": "2024-04-12", "close": 21.853458, "volume": 8254088, "typical_volume": 8049415.4, "trend": 26.122101, "fair_value": 30.62671, "relative_strength": -16.803815, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.294509, "energy": 28.418861, "activity_lines": [ 22.581907, 22.471834, 23.727127, 24.875747 ] }, { "date": "2024-04-19", "close": 19.589359, "volume": 11171500, "typical_volume": 8354711.55, "trend": 25.802831, "fair_value": 30.647966, "relative_strength": -25.454542, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.741201, "energy": 41.198434, "activity_lines": [ 21.520077, 22.04604, 23.191056, 24.45428 ] }, { "date": "2024-04-26", "close": 20.878912, "volume": 6370019, "typical_volume": 8413273.6, "trend": 25.507186, "fair_value": 30.677363, "relative_strength": -21.692497, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.61423, "energy": 41.553935, "activity_lines": [ 21.142072, 21.86008, 22.827582, 24.136608 ] }, { "date": "2024-05-03", "close": 22.483469, "volume": 8892245, "typical_volume": 8520755.85, "trend": 25.342793, "fair_value": 30.717171, "relative_strength": -16.48019, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.906807, "energy": 35.58064, "activity_lines": [ 21.441327, 21.924334, 22.658267, 23.941529 ] }, { "date": "2024-05-10", "close": 23.3202, "volume": 31931471, "typical_volume": 9927343.7, "trend": 25.234182, "fair_value": 30.758058, "relative_strength": -14.43153, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.95595, "energy": 30.284537, "activity_lines": [ 22.013586, 22.112442, 22.595641, 23.811039 ] }, { "date": "2024-05-17", "close": 22.719721, "volume": 7882201, "typical_volume": 10078741.3, "trend": 25.105883, "fair_value": 30.783546, "relative_strength": -16.191787, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.834942, "energy": 19.201438, "activity_lines": [ 22.378466, 22.170253, 22.49814, 23.648816 ] }, { "date": "2024-05-24", "close": 21.479389, "volume": 6697533, "typical_volume": 10224211.25, "trend": 24.966756, "fair_value": 30.804746, "relative_strength": -17.944294, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.934128, "energy": 19.303681, "activity_lines": [ 22.272152, 22.023489, 22.305809, 23.414849 ] }, { "date": "2024-05-31", "close": 21.043543, "volume": 6056300, "typical_volume": 10367745.25, "trend": 24.796694, "fair_value": 30.835137, "relative_strength": -18.611457, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.063462, "energy": 24.233642, "activity_lines": [ 21.894554, 21.832382, 22.106422, 23.161738 ] }, { "date": "2024-06-07", "close": 20.070774, "volume": 6824069, "typical_volume": 10388508.75, "trend": 24.524643, "fair_value": 30.852711, "relative_strength": -20.816612, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.919342, "energy": 51.043314, "activity_lines": [ 21.181723, 21.500253, 21.84806, 22.85684 ] }, { "date": "2024-06-14", "close": 19.475204, "volume": 4589400, "typical_volume": 10227485.25, "trend": 24.177942, "fair_value": 30.867149, "relative_strength": -22.548278, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.099804, "energy": 66.487789, "activity_lines": [ 20.431216, 21.102094, 21.578124, 22.53107 ] }, { "date": "2024-06-21", "close": 19.495054, "volume": 5409741, "typical_volume": 10196549.0, "trend": 23.83059, "fair_value": 30.858741, "relative_strength": -20.334422, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.170686, "energy": 69.286872, "activity_lines": [ 19.943659, 20.775485, 21.353137, 22.228948 ] }, { "date": "2024-06-28", "close": 19.008671, "volume": 4712740, "typical_volume": 10045806.95, "trend": 23.462759, "fair_value": 30.842349, "relative_strength": -19.932255, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.222966, "energy": 72.494198, "activity_lines": [ 19.508952, 20.403323, 21.116497, 21.917857 ] }, { "date": "2024-07-05", "close": 18.919336, "volume": 13400371, "typical_volume": 9935217.65, "trend": 23.108029, "fair_value": 30.814116, "relative_strength": -18.38232, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.775779, "energy": 64.597489, "activity_lines": [ 19.209181, 20.025476, 20.87552, 21.624733 ] }, { "date": "2024-07-12", "close": 18.492508, "volume": 6148428, "typical_volume": 9671457.75, "trend": 22.785995, "fair_value": 30.789658, "relative_strength": -21.066772, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.417021, "energy": 58.188558, "activity_lines": [ 18.908747, 19.605653, 20.592349, 21.326957 ] }, { "date": "2024-07-19", "close": 17.34107, "volume": 6725601, "typical_volume": 9320025.5, "trend": 22.4305, "fair_value": 30.765394, "relative_strength": -25.821106, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.581655, "energy": 69.282895, "activity_lines": [ 18.329719, 19.04904, 20.211115, 20.975672 ] }, { "date": "2024-07-26", "close": 16.646236, "volume": 5896600, "typical_volume": 8707984.0, "trend": 22.06497, "fair_value": 30.733296, "relative_strength": -25.692426, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.584154, "energy": 76.975702, "activity_lines": [ 17.661355, 18.474806, 19.786648, 20.602493 ] }, { "date": "2024-08-02", "close": 16.824909, "volume": 10474531, "typical_volume": 8689469.75, "trend": 21.668645, "fair_value": 30.669724, "relative_strength": -23.97129, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.54846, "energy": 84.604617, "activity_lines": [ 17.24247, 18.043484, 19.413603, 20.264425 ] }, { "date": "2024-08-09", "close": 16.308746, "volume": 5561319, "typical_volume": 8521770.6, "trend": 21.275131, "fair_value": 30.498785, "relative_strength": -24.341192, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.28556, "energy": 89.735857, "activity_lines": [ 16.797115, 17.602941, 19.022704, 19.918625 ] }, { "date": "2024-08-16", "close": 16.388155, "volume": 14965140, "typical_volume": 8933301.2, "trend": 20.836356, "fair_value": 30.333678, "relative_strength": -23.074509, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.156482, "energy": 85.273373, "activity_lines": [ 16.552269, 17.262924, 18.671303, 19.603336 ] }, { "date": "2024-08-23", "close": 15.028266, "volume": 6382137, "typical_volume": 8917271.7, "trend": 20.386706, "fair_value": 30.119471, "relative_strength": -27.367506, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.771812, "energy": 89.474045, "activity_lines": [ 15.994416, 16.742611, 18.218992, 19.228621 ] }, { "date": "2024-08-30", "close": 15.683395, "volume": 7375662, "typical_volume": 8873350.4, "trend": 20.016972, "fair_value": 29.930625, "relative_strength": -25.124436, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.223377, "energy": 76.322632, "activity_lines": [ 15.809127, 16.422265, 17.868044, 18.925181 ] }, { "date": "2024-09-06", "close": 15.137454, "volume": 5634329, "typical_volume": 8596491.85, "trend": 19.858731, "fair_value": 29.660706, "relative_strength": -25.169858, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.818711, "energy": 70.282878, "activity_lines": [ 15.506047, 16.071961, 17.494483, 18.610374 ] }, { "date": "2024-09-13", "close": 17.331142, "volume": 24869028, "typical_volume": 9521442.3, "trend": 19.816599, "fair_value": 29.406164, "relative_strength": -12.300341, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.762246, "energy": 53.986663, "activity_lines": [ 16.046693, 16.190894, 17.351044, 18.447303 ] }, { "date": "2024-09-20", "close": 16.537048, "volume": 16193128, "typical_volume": 9886486.45, "trend": 19.670229, "fair_value": 29.173204, "relative_strength": -16.757599, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.795056, "energy": 40.990651, "activity_lines": [ 16.254482, 16.194323, 17.148871, 18.235719 ] }, { "date": "2024-09-27", "close": 18.62155, "volume": 23471767, "typical_volume": 9463501.25, "trend": 19.552327, "fair_value": 28.992611, "relative_strength": -19.837024, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.62299, "energy": 19.897918, "activity_lines": [ 17.147178, 16.612307, 17.173539, 18.168063 ] }, { "date": "2024-10-04", "close": 21.440592, "volume": 10045338, "typical_volume": 9571658.1, "trend": 19.471298, "fair_value": 28.874855, "relative_strength": -16.16357, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 19.540669, "energy": 31.098555, "activity_lines": [ 18.740003, 17.519561, 17.489061, 18.289886 ] }, { "date": "2024-10-11", "close": 19.872252, "volume": 25032975, "typical_volume": 10488430.2, "trend": 19.353741, "fair_value": 28.716867, "relative_strength": -18.250372, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.284832, "energy": 33.821545, "activity_lines": [ 19.426234, 18.054493, 17.661308, 18.315754 ] }, { "date": "2024-10-18", "close": 20.16011, "volume": 13976582, "typical_volume": 10884444.3, "trend": 19.258577, "fair_value": 28.551584, "relative_strength": -18.99735, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.518474, "energy": 39.272371, "activity_lines": [ 19.892765, 18.586357, 17.868624, 18.367778 ] }, { "date": "2024-10-25", "close": 24.200073, "volume": 53948400, "typical_volume": 13240660.85, "trend": 19.31875, "fair_value": 28.443378, "relative_strength": -4.859448, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 51.055388, "energy": 64.45308, "activity_lines": [ 21.517353, 19.782735, 18.464905, 18.686584 ] }, { "date": "2024-11-01", "close": 25.54011, "volume": 44513102, "typical_volume": 15236845.95, "trend": 19.396357, "fair_value": 28.363546, "relative_strength": 2.178364, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 59.295753, "energy": 74.090989, "activity_lines": [ 23.077751, 21.08072, 19.169145, 19.087962 ] }, { "date": "2024-11-08", "close": 25.182768, "volume": 56388194, "typical_volume": 17785768.6, "trend": 19.507334, "fair_value": 28.288373, "relative_strength": -5.161084, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 49.758091, "energy": 71.894572, "activity_lines": [ 24.057798, 22.122611, 19.810472, 19.461279 ] }, { "date": "2024-11-15", "close": 23.197529, "volume": 22760195, "typical_volume": 18688141.35, "trend": 19.627606, "fair_value": 28.204669, "relative_strength": -8.665884, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 65.471203, "energy": 71.825625, "activity_lines": [ 24.12662, 22.630832, 20.235644, 19.699356 ] }, { "date": "2024-11-22", "close": 23.356348, "volume": 18272823, "typical_volume": 18931763.95, "trend": 19.710187, "fair_value": 28.125928, "relative_strength": -4.717948, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.335592, "energy": 51.781997, "activity_lines": [ 24.026697, 23.021383, 20.655995, 19.93992 ] }, { "date": "2024-11-29", "close": 23.098267, "volume": 10223800, "typical_volume": 19135532.55, "trend": 19.730681, "fair_value": 28.046095, "relative_strength": -6.636681, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.641906, "energy": 42.592838, "activity_lines": [ 23.627664, 23.255461, 21.030639, 20.158506 ] }, { "date": "2024-12-06", "close": 22.899742, "volume": 11574620, "typical_volume": 19377983.5, "trend": 19.716665, "fair_value": 27.960545, "relative_strength": -8.284497, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.475251, "energy": 30.171808, "activity_lines": [ 23.23591, 23.334149, 21.364443, 20.362962 ] }, { "date": "2024-12-13", "close": 22.949373, "volume": 12381502, "typical_volume": 19702228.6, "trend": 19.72432, "fair_value": 27.854088, "relative_strength": -6.790842, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.496449, "energy": 26.970199, "activity_lines": [ 23.036724, 23.344075, 21.676503, 20.571523 ] }, { "date": "2024-12-20", "close": 22.43321, "volume": 7982900, "typical_volume": 19577647.05, "trend": 19.756115, "fair_value": 27.718152, "relative_strength": -7.640857, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.841343, "energy": 22.645243, "activity_lines": [ 22.814377, 23.232721, 21.909391, 20.74629 ] }, { "date": "2024-12-27", "close": 22.214832, "volume": 7345900, "typical_volume": 19666876.1, "trend": 19.795157, "fair_value": 27.547758, "relative_strength": -7.948117, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.768545, "energy": 19.768246, "activity_lines": [ 22.570191, 23.035099, 22.094774, 20.904917 ] }, { "date": "2025-01-03", "close": 20.140259, "volume": 6882638, "typical_volume": 19262751.0, "trend": 19.797474, "fair_value": 27.371391, "relative_strength": -9.35747, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.261568, "energy": 15.01454, "activity_lines": [ 21.710583, 22.422923, 22.054455, 20.927182 ] }, { "date": "2025-01-10", "close": 20.338781, "volume": 7750782, "typical_volume": 19331183.25, "trend": 19.82626, "fair_value": 27.206127, "relative_strength": -6.71336, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.294525, "energy": 13.108652, "activity_lines": [ 21.114349, 21.920657, 22.015176, 20.962105 ] }, { "date": "2025-01-17", "close": 20.547234, "volume": 7992208, "typical_volume": 19362010.55, "trend": 19.861332, "fair_value": 27.058852, "relative_strength": -8.143814, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.210307, "energy": 15.350942, "activity_lines": [ 20.75833, 21.550862, 21.970461, 21.008619 ] }, { "date": "2025-01-24", "close": 20.547234, "volume": 8164700, "typical_volume": 19488529.1, "trend": 19.912618, "fair_value": 26.94883, "relative_strength": -8.316078, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.385455, "energy": 18.010453, "activity_lines": [ 20.562453, 21.265348, 21.902584, 21.052871 ] }, { "date": "2025-01-31", "close": 20.795389, "volume": 1922100, "typical_volume": 18341182.7, "trend": 19.975153, "fair_value": 26.81786, "relative_strength": -5.115311, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 2.186524, "energy": 22.803478, "activity_lines": [ 20.575027, 21.073141, 21.832581, 21.109824 ] }, { "date": "2025-02-07", "close": 21.470367, "volume": 6117884, "typical_volume": 17837420.5, "trend": 20.074415, "fair_value": 26.719203, "relative_strength": -5.556439, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 5.004458, "energy": 16.908991, "activity_lines": [ 20.907223, 21.05022, 21.810365, 21.20629 ] }, { "date": "2025-02-14", "close": 21.043543, "volume": 8802069, "typical_volume": 17103935.6, "trend": 20.19783, "fair_value": 26.618999, "relative_strength": -8.804852, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 16.474613, "energy": 13.381549, "activity_lines": [ 21.00847, 20.979293, 21.724007, 21.268814 ] }, { "date": "2025-02-21", "close": 22.244612, "volume": 17369065, "typical_volume": 17470121.95, "trend": 20.384443, "fair_value": 26.548032, "relative_strength": -5.481289, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.21768, "energy": 20.312596, "activity_lines": [ 21.46309, 21.160491, 21.740504, 21.400864 ] }, { "date": "2025-02-28", "close": 21.351255, "volume": 11643566, "typical_volume": 16800651.5, "trend": 20.535321, "fair_value": 26.47209, "relative_strength": -5.742374, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.387776, "energy": 19.207419, "activity_lines": [ 21.506765, 21.192075, 21.66809, 21.463239 ] }, { "date": "2025-03-07", "close": 22.780628, "volume": 15772365, "typical_volume": 16890440.65, "trend": 20.751051, "fair_value": 26.381957, "relative_strength": -1.190443, "stage": 1, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 47.749239, "energy": 28.814504, "activity_lines": [ 21.973297, 21.503216, 21.724764, 21.608098 ] }, { "date": "2025-03-14", "close": 23.088341, "volume": 14555835, "typical_volume": 14920812.4, "trend": 20.97439, "fair_value": 26.292794, "relative_strength": -0.786204, "stage": 1, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 62.157343, "energy": 39.525812, "activity_lines": [ 22.41005, 21.860018, 21.798265, 21.758891 ] }, { "date": "2025-03-21", "close": 22.601955, "volume": 11640849, "typical_volume": 13277199.75, "trend": 21.226846, "fair_value": 26.205022, "relative_strength": 0.030232, "stage": 1, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 44.943585, "energy": 39.44481, "activity_lines": [ 22.57681, 22.074785, 21.830738, 21.863895 ] }, { "date": "2025-03-28", "close": 21.470367, "volume": 9901600, "typical_volume": 10952870.05, "trend": 21.419745, "fair_value": 26.115193, "relative_strength": -3.946364, "stage": 1, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 35.236741, "energy": 27.339441, "activity_lines": [ 22.262479, 22.042659, 21.769431, 21.879606 ] }, { "date": "2025-04-04", "close": 21.52, "volume": 6219019, "typical_volume": 10125811.25, "trend": 21.632497, "fair_value": 26.040395, "relative_strength": -1.159407, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.470691, "energy": 16.963795, "activity_lines": [ 22.01631, 22.002774, 21.73053, 21.886074 ] }, { "date": "2025-04-11", "close": 19.207195, "volume": 15706500, "typical_volume": 9997495.1, "trend": 21.695032, "fair_value": 25.953651, "relative_strength": -6.661507, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -31.101611, "energy": 26.408544, "activity_lines": [ 20.987955, 21.524692, 21.47935, 21.729603 ] }, { "date": "2025-04-18", "close": 19.395794, "volume": 6974500, "typical_volume": 9835030.1, "trend": 21.790324, "fair_value": 25.8514, "relative_strength": -5.124561, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "down", "direction": -67.993854, "energy": 61.338822, "activity_lines": [ 20.260696, 21.109777, 21.265889, 21.581265 ] }, { "date": "2025-04-25", "close": 19.852398, "volume": 8439660, "typical_volume": 9678282.1, "trend": 21.831352, "fair_value": 25.772862, "relative_strength": -4.036589, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.708462, "energy": 66.544947, "activity_lines": [ 19.931808, 20.815601, 21.113546, 21.456238 ] }, { "date": "2025-05-02", "close": 19.941734, "volume": 3278094, "typical_volume": 9223111.7, "trend": 21.78139, "fair_value": 25.700218, "relative_strength": -3.141498, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.491147, "energy": 68.44614, "activity_lines": [ 19.816002, 20.559324, 20.984221, 21.334327 ] }, { "date": "2025-05-09", "close": 20.547234, "volume": 6927943, "typical_volume": 9170363.85, "trend": 21.803889, "fair_value": 25.659818, "relative_strength": -2.105095, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.688266, "energy": 53.185411, "activity_lines": [ 20.003939, 20.455009, 20.926886, 21.254704 ] }, { "date": "2025-05-16", "close": 20.328856, "volume": 5924297, "typical_volume": 9099283.7, "trend": 21.809514, "fair_value": 25.627472, "relative_strength": -3.340036, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.957219, "energy": 32.153215, "activity_lines": [ 20.183934, 20.325608, 20.857733, 21.15954 ] }, { "date": "2025-05-23", "close": 22.393505, "volume": 88674640, "typical_volume": 13188883.8, "trend": 21.749295, "fair_value": 25.61819, "relative_strength": 7.041626, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -15.351951, "energy": 10.313423, "activity_lines": [ 20.977368, 20.616174, 20.994195, 21.197217 ] }, { "date": "2025-05-30", "close": 22.165203, "volume": 40943360, "typical_volume": 14848512.7, "trend": 21.636798, "fair_value": 25.604628, "relative_strength": 6.958305, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.620004, "energy": 15.670258, "activity_lines": [ 21.494854, 20.877865, 21.098184, 21.22405 ] }, { "date": "2025-06-06", "close": 22.314096, "volume": 15176669, "typical_volume": 15207735.75, "trend": 21.541176, "fair_value": 25.583004, "relative_strength": 6.141617, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.502782, "energy": 18.939155, "activity_lines": [ 21.907784, 21.174568, 21.207656, 21.267746 ] }, { "date": "2025-06-13", "close": 23.693838, "volume": 59419438, "typical_volume": 17770472.65, "trend": 21.55772, "fair_value": 25.564863, "relative_strength": 13.1418, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 41.269736, "energy": 35.883579, "activity_lines": [ 22.62247, 21.706793, 21.440118, 21.406628 ] }, { "date": "2025-06-20", "close": 22.383579, "volume": 23019673, "typical_volume": 18825351.3, "trend": 21.525294, "fair_value": 25.525161, "relative_strength": 8.048906, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 27.745403, "energy": 39.948534, "activity_lines": [ 22.69063, 21.961265, 21.53281, 21.459909 ] }, { "date": "2025-06-27", "close": 23.614429, "volume": 24370849, "typical_volume": 19737999.55, "trend": 21.542499, "fair_value": 25.500591, "relative_strength": 9.758349, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 64.26119, "energy": 55.568694, "activity_lines": [ 23.032091, 22.381775, 21.735162, 21.594692 ] }, { "date": "2025-07-04", "close": 24.090887, "volume": 27548780, "typical_volume": 20675335.1, "trend": 21.582204, "fair_value": 25.468811, "relative_strength": 10.465885, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.606774, "energy": 59.542171, "activity_lines": [ 23.450977, 22.812211, 21.972682, 21.759104 ] }, { "date": "2025-07-11", "close": 28.959999, "volume": 36882966, "typical_volume": 21651030.15, "trend": 21.782558, "fair_value": 25.467109, "relative_strength": 29.722753, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.063315, "energy": 83.814254, "activity_lines": [ 25.364522, 24.050877, 22.659416, 22.235091 ] }, { "date": "2025-07-18", "close": 33.650002, "volume": 124349971, "typical_volume": 27286350.4, "trend": 22.156452, "fair_value": 25.496416, "relative_strength": 46.194289, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 95.389644, "energy": 95.72441, "activity_lines": [ 28.39834, 25.978302, 23.760838, 23.000732 ] }, { "date": "2025-07-25", "close": 33.029999, "volume": 146753070, "typical_volume": 33835385.65, "trend": 22.516957, "fair_value": 25.515326, "relative_strength": 38.939267, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.978299, "energy": 93.974975, "activity_lines": [ 30.561747, 27.554768, 24.744648, 23.702252 ] }, { "date": "2025-08-01", "close": 30.98, "volume": 62753139, "typical_volume": 36245250.85, "trend": 22.878282, "fair_value": 25.517442, "relative_strength": 31.401526, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.858166, "energy": 87.747724, "activity_lines": [ 31.332059, 28.527576, 25.484412, 24.248254 ] }, { "date": "2025-08-08", "close": 32.5, "volume": 68288250, "typical_volume": 39077620.9, "trend": 23.283656, "fair_value": 25.544101, "relative_strength": 34.96461, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.276311, "energy": 85.461372, "activity_lines": [ 32.118, 29.62063, 26.33136, 24.86901 ] }, { "date": "2025-08-15", "close": 31.559999, "volume": 55225153, "typical_volume": 41343798.55, "trend": 23.650748, "fair_value": 25.567252, "relative_strength": 24.531119, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.52598, "energy": 59.770826, "activity_lines": [ 32.03, 30.354869, 27.04165, 25.402968 ] }, { "date": "2025-08-22", "close": 34.970001, "volume": 118581294, "typical_volume": 46961912.3, "trend": 24.131507, "fair_value": 25.618812, "relative_strength": 30.761629, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.18111, "energy": 61.477755, "activity_lines": [ 32.905333, 31.541002, 28.028656, 26.133242 ] }, { "date": "2025-08-29", "close": 34.950001, "volume": 85169722, "typical_volume": 50435073.4, "trend": 24.603327, "fair_value": 25.669929, "relative_strength": 24.279904, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.310369, "energy": 59.44321, "activity_lines": [ 33.686, 32.518477, 28.949709, 26.83121 ] }, { "date": "2025-09-05", "close": 32.349998, "volume": 40649192, "typical_volume": 52118808.0, "trend": 24.965982, "fair_value": 25.690902, "relative_strength": 15.290885, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.17755, "energy": 49.956899, "activity_lines": [ 33.472, 32.794743, 29.548178, 27.330995 ] }, { "date": "2025-09-12", "close": 36.880001, "volume": 79895387, "typical_volume": 55691594.35, "trend": 25.493864, "fair_value": 25.747464, "relative_strength": 27.292947, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.824299, "energy": 56.449988, "activity_lines": [ 34.676667, 33.735818, 30.516389, 28.099641 ] }, { "date": "2025-09-19", "close": 33.41, "volume": 69523690, "typical_volume": 59003874.15, "trend": 25.866043, "fair_value": 25.788205, "relative_strength": 13.526672, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.287128, "energy": 45.313759, "activity_lines": [ 34.432667, 33.813455, 31.073039, 28.61036 ] }, { "date": "2025-09-26", "close": 32.23, "volume": 34427455, "typical_volume": 60378849.75, "trend": 26.228668, "fair_value": 25.835991, "relative_strength": 7.926568, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.773309, "energy": 37.207225, "activity_lines": [ 33.672, 33.595636, 31.453174, 29.020938 ] }, { "date": "2025-10-03", "close": 32.82, "volume": 9675781, "typical_volume": 60566423.95, "trend": 26.563314, "fair_value": 25.888001, "relative_strength": 6.967514, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.564307, "energy": 30.575531, "activity_lines": [ 33.290667, 33.510909, 31.833868, 29.446185 ] }, { "date": "2025-10-10", "close": 33.540001, "volume": 20055560, "typical_volume": 57135469.95, "trend": 26.911702, "fair_value": 25.953567, "relative_strength": 10.213584, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.356897, "energy": 24.104061, "activity_lines": [ 33.291334, 33.560909, 32.223651, 29.896294 ] }, { "date": "2025-10-17", "close": 30.51, "volume": 49930453, "typical_volume": 57584824.6, "trend": 27.175304, "fair_value": 26.001789, "relative_strength": 5.116464, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.662236, "energy": 18.24429, "activity_lines": [ 32.202667, 33.013455, 32.271784, 30.128442 ] }, { "date": "2025-10-24", "close": 31.65, "volume": 21562473, "typical_volume": 57904114.8, "trend": 27.514625, "fair_value": 26.064686, "relative_strength": 4.028891, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.692179, "energy": 16.319236, "activity_lines": [ 31.918667, 32.709455, 32.388752, 30.417132 ] }, { "date": "2025-10-31", "close": 31.799999, "volume": 27133391, "typical_volume": 56289812.45, "trend": 27.857292, "fair_value": 26.121681, "relative_strength": 3.883705, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.771108, "energy": 12.145751, "activity_lines": [ 31.802, 32.431091, 32.475548, 30.693608 ] }, { "date": "2025-11-07", "close": 29.639999, "volume": 16533832, "typical_volume": 55965520.4, "trend": 28.205052, "fair_value": 26.166215, "relative_strength": -3.32279, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.696518, "energy": 11.487401, "activity_lines": [ 30.993999, 31.817636, 32.318029, 30.808621 ] }, { "date": "2025-11-14", "close": 30.059999, "volume": 18531408, "typical_volume": 55673548.35, "trend": 28.560525, "fair_value": 26.215961, "relative_strength": -0.655137, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.641725, "energy": 11.680772, "activity_lines": [ 30.537999, 31.377091, 32.165956, 30.928295 ] }, { "date": "2025-11-21", "close": 30.07, "volume": 59234831, "typical_volume": 57257850.9, "trend": 28.901112, "fair_value": 26.201223, "relative_strength": 4.610178, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.624916, "energy": 12.671742, "activity_lines": [ 30.317333, 30.98, 31.984143, 31.025681 ] }, { "date": "2025-11-28", "close": 29.690001, "volume": 32742185, "typical_volume": 57050811.85, "trend": 29.226054, "fair_value": 26.197967, "relative_strength": -0.35172, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 0.797098, "energy": 16.396112, "activity_lines": [ 29.999333, 30.637636, 31.737667, 31.076577 ] }, { "date": "2025-12-05", "close": 28.639999, "volume": 18694450, "typical_volume": 51768035.8, "trend": 29.495813, "fair_value": 26.19094, "relative_strength": -5.116682, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -24.293129, "energy": 31.045804, "activity_lines": [ 29.462, 30.172, 31.387714, 31.038767 ] }, { "date": "2025-12-12", "close": 28.59, "volume": 16775300, "typical_volume": 45269147.3, "trend": 29.771185, "fair_value": 26.180695, "relative_strength": -6.083982, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.2635, "energy": 35.299998, "activity_lines": [ 29.118667, 29.762545, 31.056857, 30.980327 ] }, { "date": "2025-12-19", "close": 28.540001, "volume": 13601100, "typical_volume": 42811545.35, "trend": 29.976068, "fair_value": 26.165911, "relative_strength": -5.456851, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.401687, "energy": 44.081748, "activity_lines": [ 28.828667, 29.420909, 30.742381, 30.900896 ] }, { "date": "2025-12-26", "close": 29.190001, "volume": 13248467, "typical_volume": 40059556.2, "trend": 30.210228, "fair_value": 26.158631, "relative_strength": -6.647723, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.806882, "energy": 40.772968, "activity_lines": [ 28.856667, 29.288364, 30.501429, 30.850182 ] }, { "date": "2026-01-02", "close": 28.889999, "volume": 7842900, "typical_volume": 37690443.55, "trend": 30.429424, "fair_value": 26.159503, "relative_strength": -7.1469, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -28.216545, "energy": 34.068709, "activity_lines": [ 28.843333, 29.125273, 30.247667, 30.765006 ] }, { "date": "2026-01-09", "close": 30.299999, "volume": 22089716, "typical_volume": 32865864.65, "trend": 30.64963, "fair_value": 26.176845, "relative_strength": -6.77393, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -13.882725, "energy": 14.862124, "activity_lines": [ 29.353333, 29.268727, 30.140905, 30.756656 ] }, { "date": "2026-01-16", "close": 30.76, "volume": 30558302, "typical_volume": 30135293.65, "trend": 30.928844, "fair_value": 26.198647, "relative_strength": -6.528025, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.729752, "energy": 18.722522, "activity_lines": [ 29.906, 29.523091, 30.10019, 30.763777 ] }, { "date": "2026-01-23", "close": 31.75, "volume": 19167770, "typical_volume": 29061222.55, "trend": 31.20003, "fair_value": 26.211555, "relative_strength": -4.740235, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -14.728178, "energy": 16.312427, "activity_lines": [ 30.644, 29.937091, 30.173714, 30.816754 ] }, { "date": "2026-01-30", "close": 29.780001, "volume": 25935915, "typical_volume": 26363248.95, "trend": 31.389667, "fair_value": 26.214795, "relative_strength": -9.217376, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.639206, "energy": 20.348602, "activity_lines": [ 30.511333, 29.962182, 30.062476, 30.72514 ] }, { "date": "2026-02-06", "close": 28.25, "volume": 14252515, "typical_volume": 23599690.2, "trend": 31.366, "fair_value": 26.199852, "relative_strength": -12.029874, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.443113, "energy": 21.041094, "activity_lines": [ 29.829334, 29.714364, 29.839333, 30.522581 ] }, { "date": "2026-02-13", "close": 29.030001, "volume": 11787217, "typical_volume": 22467678.3, "trend": 31.212, "fair_value": 26.179708, "relative_strength": -10.916349, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.705232, "energy": 25.365715, "activity_lines": [ 29.450001, 29.634546, 29.715048, 30.371871 ] }, { "date": "2026-02-27", "close": 32.049999, "volume": 37200047, "typical_volume": 23843891.6, "trend": 31.179333, "fair_value": 26.172562, "relative_strength": -4.477247, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.638274, "energy": 7.43184, "activity_lines": [ 30.162, 30.096727, 29.893619, 30.425935 ] }, { "date": "2026-03-06", "close": 28.940001, "volume": 26306175, "typical_volume": 24156422.35, "trend": 31.111333, "fair_value": 26.150141, "relative_strength": -11.805763, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.237571, "energy": 21.977431, "activity_lines": [ 29.751334, 29.930546, 29.779667, 30.281462 ] }, { "date": "2026-03-13", "close": 28.389999, "volume": 14334599, "typical_volume": 22376629.65, "trend": 30.974333, "fair_value": 26.128349, "relative_strength": -14.056561, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.696332, "energy": 23.888793, "activity_lines": [ 29.344667, 29.657091, 29.635238, 30.105892 ] }, { "date": "2026-03-20", "close": 25.92, "volume": 11863399, "typical_volume": 21891675.95, "trend": 30.786333, "fair_value": 26.094692, "relative_strength": -19.030439, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -73.087245, "energy": 51.220541, "activity_lines": [ 28.207333, 28.949091, 29.265667, 29.779806 ] }, { "date": "2026-03-27", "close": 26.98, "volume": 14786308, "typical_volume": 21274321.8, "trend": 30.52, "fair_value": 26.073183, "relative_strength": -14.961835, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.355336, "energy": 62.349203, "activity_lines": [ 27.578667, 28.487818, 29.024333, 29.534237 ] }, { "date": "2026-04-03", "close": 25.77276, "volume": 14726629, "typical_volume": 21183961.65, "trend": 30.214092, "fair_value": 26.050294, "relative_strength": -16.222396, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.79718, "energy": 70.113267, "activity_lines": [ 26.684253, 27.867411, 28.690977, 29.227963 ] }, { "date": "2026-04-10", "close": 26.594242, "volume": 10750300, "typical_volume": 20794906.25, "trend": 30.022233, "fair_value": 26.015984, "relative_strength": -19.184231, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.357764, "energy": 66.16275, "activity_lines": [ 26.48215, 27.487041, 28.454273, 28.994424 ] }, { "date": "2026-04-17", "close": 27.277159, "volume": 13606660, "typical_volume": 18513497.7, "trend": 29.702139, "fair_value": 25.983785, "relative_strength": -20.235764, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.697397, "energy": 50.07769, "activity_lines": [ 26.66407, 27.324579, 28.299112, 28.817323 ] }, { "date": "2026-04-24", "close": 27.069315, "volume": 14927057, "typical_volume": 17622741.3, "trend": 29.490783, "fair_value": 25.937407, "relative_strength": -21.021229, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.376003, "energy": 37.060504, "activity_lines": [ 26.850897, 27.169833, 28.137455, 28.647463 ] }, { "date": "2026-05-01", "close": 27.960077, "volume": 12504946, "typical_volume": 17313266.1, "trend": 29.348452, "fair_value": 25.892394, "relative_strength": -19.223093, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.166154, "energy": 23.088619, "activity_lines": [ 27.258024, 27.198511, 28.073113, 28.548708 ] }, { "date": "2026-05-08", "close": 30.414625, "volume": 39327820, "typical_volume": 18440892.1, "trend": 29.268273, "fair_value": 25.879425, "relative_strength": -14.664628, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -11.639052, "energy": 12.067949, "activity_lines": [ 28.417996, 27.692924, 28.245774, 28.617493 ] }, { "date": "2026-05-15", "close": 28.811253, "volume": 21591578, "typical_volume": 18840416.0, "trend": 29.110648, "fair_value": 25.862224, "relative_strength": -19.02993, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.864011, "energy": 17.216678, "activity_lines": [ 28.734052, 27.925549, 28.257045, 28.588008 ] }, { "date": "2026-05-22", "close": 26.970341, "volume": 19689000, "typical_volume": 19162442.65, "trend": 28.992659, "fair_value": 25.835551, "relative_strength": -24.207427, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.432511, "energy": 18.821886, "activity_lines": [ 28.288671, 27.825803, 28.091699, 28.449924 ] }, { "date": "2026-05-29", "close": 24.248564, "volume": 13420600, "typical_volume": 19441327.65, "trend": 28.745944, "fair_value": 25.776759, "relative_strength": -31.381404, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -65.258967, "energy": 30.599392, "activity_lines": [ 26.956485, 27.257, 27.677707, 28.143853 ] }, { "date": "2026-06-05", "close": 24.23, "volume": 3108958, "typical_volume": 18492289.75, "trend": 28.493611, "fair_value": 25.711614, "relative_strength": -29.896343, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -69.995607, "energy": 65.586265, "activity_lines": [ 25.806161, 26.715213, 27.284048, 27.852502 ] }, { "date": "2026-06-12", "close": 25.77, "volume": 8602585, "typical_volume": 17394503.9, "trend": 28.364611, "fair_value": 25.643305, "relative_strength": -23.38417, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.607659, "energy": 64.887264, "activity_lines": [ 25.417842, 26.503425, 27.065961, 27.676785 ] }, { "date": "2026-06-19", "close": 25.530001, "volume": 15249705, "typical_volume": 17198600.65, "trend": 28.213611, "fair_value": 25.582148, "relative_strength": -28.69467, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.434909, "energy": 66.946533, "activity_lines": [ 25.259165, 26.248051, 26.848778, 27.493907 ] }, { "date": "2026-06-26", "close": 23.200001, "volume": 3636800, "typical_volume": 16083644.9, "trend": 27.984611, "fair_value": 25.51676, "relative_strength": -33.744481, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.598785, "energy": 74.376054, "activity_lines": [ 24.542572, 25.58839, 26.43931, 27.170448 ] }, { "date": "2026-07-03", "close": 23.969999, "volume": 2670800, "typical_volume": 15504559.15, "trend": 27.793945, "fair_value": 25.452152, "relative_strength": -30.288591, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.887427, "energy": 62.449428, "activity_lines": [ 24.334, 25.14286, 26.134508, 26.911441 ] }, { "date": "2026-07-10", "close": 22.309999, "volume": 11131165, "typical_volume": 15471756.55, "trend": 27.582945, "fair_value": 25.377596, "relative_strength": -32.262544, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.388966, "energy": 69.76126, "activity_lines": [ 23.590666, 24.451862, 25.691992, 26.557638 ] }, { "date": "2026-07-17", "close": 21.889999, "volume": 21091949, "typical_volume": 14666351.65, "trend": 27.359611, "fair_value": 25.297639, "relative_strength": -26.322506, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.057178, "energy": 73.549774, "activity_lines": [ 22.835333, 23.787229, 25.241476, 26.190351 ] }, { "date": "2026-07-24", "close": 18.6, "volume": 19184688, "typical_volume": 14310277.3, "trend": 27.028278, "fair_value": 25.207245, "relative_strength": -36.731408, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.722618, "energy": 83.128266, "activity_lines": [ 21.241999, 22.679408, 24.526008, 25.625215 ] }, { "date": "2026-07-31", "close": 20.200001, "volume": 10710924, "typical_volume": 14129093.55, "trend": 26.728611, "fair_value": 25.125341, "relative_strength": -29.362847, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.887596, "energy": 80.092183, "activity_lines": [ 20.644, 22.048156, 24.012159, 25.184681 ] }, { "date": "2026-08-07", "close": 22.049999, "volume": 13420404, "typical_volume": 14206943.8, "trend": 26.500611, "fair_value": 25.063625, "relative_strength": -25.974225, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.676654, "energy": 72.835691, "activity_lines": [ 20.862666, 21.876363, 23.7135, 24.882835 ] } ], "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." } } }