{ "ticker": { "uuid": "47cbf0c3-eddb-455f-94c9-3397af01b82d", "symbol": "6461", "name": "Intech Biopharm Corporation", "exchange": "TWO", "country": "TW", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-14", "benchmark": "^TWII", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 69.628, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -34.257, "architecture_energy": 18.613, "architecture_maturity": 66.415, "architecture_confidence": 80.315, "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": 38.12, "rotation_up": 30.55, "upward_expansion": 20.25, "deceleration": 43.68, "rotation_down": 29.75, "downward_expansion": 58.92 }, "activity_lines": [ 16.223333, 16.061818, 16.152143, 16.854086 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 16.0, "trend_reference": 18.066667, "distance_from_trend": -0.114391, "trend_direction": "Weakening", "fair_value": 23.325011, "distance_from_fair_value": -0.314041, "fair_value_direction": "Improving", "relative_strength": -36.577828, "relative_strength_direction": "Improving", "price_momentum": -0.317697, "excess_performance": -0.759069, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.114391, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.006871, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.314041, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.03018, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.365778, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.047926, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.317697, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.997745, "read": "Supply-led" } ], "volume": { "latest": 576349, "relative_activity": 0.574132, "balance": 0.997745, "dry_up": 1.17687, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.092548, "annualized_volatility": 0.415231, "from_high_reference": -0.390476, "from_low_reference": 0.134752 }, "levels": { "trend_reference": 18.066667, "fair_value_reference": 23.325011, "structural_low": 14.75, "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": 24, "median_return": 0.006662, "positive_rate": 0.541667, "directional_follow_through": 0.458333, "median_excess_return": 0.001369, "regime_survival": 0.75, "best_return": 0.318885, "worst_return": -0.246862, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": 0.052845, "positive_rate": 0.7, "directional_follow_through": 0.3, "median_excess_return": 0.006319, "regime_survival": 0.4, "best_return": 0.287469, "worst_return": -0.202247, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.024768, "positive_rate": 0.428571, "directional_follow_through": 0.571429, "median_excess_return": -0.165881, "regime_survival": 0.428571, "best_return": 0.31, "worst_return": -0.330189, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.105141, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.296916, "regime_survival": 0.25, "best_return": 0.6425, "worst_return": -0.324578, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-01-26", "end": "2024-05-24", "tenure": "Established", "return": -0.052448, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-05-31", "end": "2024-06-21", "tenure": "New", "return": 0.065666, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-28", "end": "2024-07-05", "tenure": "New", "return": 0.042445, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-07-12", "end": "2024-08-02", "tenure": "New", "return": -0.065069, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-09", "end": "2024-11-15", "tenure": "Established", "return": 0.077519, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-11-22", "end": "2024-12-13", "tenure": "New", "return": 0.027829, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-20", "end": "2025-08-01", "tenure": "Extended", "return": -0.249057, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-08", "end": "2025-09-26", "tenure": "Developing", "return": -0.152941, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-03", "end": "2025-12-26", "tenure": "Established", "return": -0.097765, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-02", "end": "2026-02-13", "tenure": "Developing", "return": 0.117647, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-27", "end": "2026-03-20", "tenure": "New", "return": -0.198745, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-05-08", "tenure": "Developing", "return": -0.093583, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-05-15", "end": "2026-06-19", "tenure": "Developing", "return": -0.052469, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-26", "end": "2026-08-14", "tenure": "Developing", "return": 0.070234, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 27.820292, "volume": 1045725, "typical_volume": 3917217.7, "trend": 31.703438, "fair_value": 24.624625, "relative_strength": -21.931363, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -55.387883, "energy": 74.887814, "activity_lines": [ 29.044838, 30.32106, 31.831275, 31.915877 ] }, { "date": "2023-08-18", "close": 28.258789, "volume": 995440, "typical_volume": 3917269.05, "trend": 31.662836, "fair_value": 24.667316, "relative_strength": -19.494414, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.958268, "energy": 69.78407, "activity_lines": [ 28.651814, 29.753227, 31.419922, 31.693641 ] }, { "date": "2023-08-25", "close": 27.771568, "volume": 680387, "typical_volume": 3573071.6, "trend": 31.605994, "fair_value": 24.709056, "relative_strength": -20.713309, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -73.904995, "energy": 81.342341, "activity_lines": [ 28.2393, 29.208426, 30.964487, 31.442592 ] }, { "date": "2023-09-01", "close": 30.256393, "volume": 553136, "typical_volume": 2818844.35, "trend": 31.584881, "fair_value": 24.771381, "relative_strength": -13.885573, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.846664, "energy": 54.448043, "activity_lines": [ 28.81422, 29.213741, 30.778879, 31.355521 ] }, { "date": "2023-09-08", "close": 28.356234, "volume": 592131, "typical_volume": 2512822.7, "trend": 31.498805, "fair_value": 24.822147, "relative_strength": -18.216401, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.948234, "energy": 48.433587, "activity_lines": [ 28.697288, 28.929382, 30.435737, 31.147221 ] }, { "date": "2023-09-15", "close": 27.966457, "volume": 542873, "typical_volume": 1799131.5, "trend": 31.407858, "fair_value": 24.869793, "relative_strength": -20.318229, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.115841, "energy": 47.921932, "activity_lines": [ 28.521888, 28.664511, 30.078674, 30.919327 ] }, { "date": "2023-09-22", "close": 27.625402, "volume": 1749719, "typical_volume": 1712825.6, "trend": 31.323406, "fair_value": 24.920221, "relative_strength": -17.918581, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.491024, "energy": 44.322695, "activity_lines": [ 28.22306, 28.418243, 29.726483, 30.675298 ] }, { "date": "2023-09-29", "close": 28.049999, "volume": 568934, "typical_volume": 1634082.7, "trend": 31.243363, "fair_value": 24.966229, "relative_strength": -15.907454, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.173819, "energy": 45.182722, "activity_lines": [ 28.107989, 28.299668, 29.446283, 30.46411 ] }, { "date": "2023-10-06", "close": 27.4, "volume": 751000, "typical_volume": 1581735.15, "trend": 31.185504, "fair_value": 25.005588, "relative_strength": -17.728413, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.326229, "energy": 47.994534, "activity_lines": [ 27.75769, 28.101257, 29.130926, 30.216151 ] }, { "date": "2023-10-13", "close": 26.0, "volume": 788000, "typical_volume": 1414555.35, "trend": 31.118331, "fair_value": 25.046837, "relative_strength": -22.266723, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.207683, "energy": 65.978058, "activity_lines": [ 27.131151, 27.684288, 28.705814, 29.881603 ] }, { "date": "2023-10-20", "close": 25.0, "volume": 1201000, "typical_volume": 1120145.8, "trend": 30.941494, "fair_value": 25.079193, "relative_strength": -22.94273, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.384659, "energy": 77.845018, "activity_lines": [ 26.32836, 27.147831, 28.226845, 29.486872 ] }, { "date": "2023-10-27", "close": 25.85, "volume": 949000, "typical_volume": 1056917.05, "trend": 30.84496, "fair_value": 25.11824, "relative_strength": -18.307448, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.97501, "energy": 73.995196, "activity_lines": [ 26.006667, 26.817198, 27.876828, 29.158388 ] }, { "date": "2023-11-03", "close": 24.4, "volume": 3078000, "typical_volume": 1094134.85, "trend": 30.500333, "fair_value": 25.148301, "relative_strength": -24.153401, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.447981, "energy": 78.555519, "activity_lines": [ 25.32, 26.266724, 27.42942, 28.742584 ] }, { "date": "2023-11-10", "close": 26.4, "volume": 3151000, "typical_volume": 1213201.35, "trend": 30.207756, "fair_value": 25.192115, "relative_strength": -18.242499, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.413212, "energy": 53.261508, "activity_lines": [ 25.543333, 26.141188, 27.214295, 28.478047 ] }, { "date": "2023-11-17", "close": 25.950001, "volume": 1349000, "typical_volume": 1210508.7, "trend": 29.965141, "fair_value": 25.239563, "relative_strength": -21.550271, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.315834, "energy": 48.120806, "activity_lines": [ 25.683334, 26.00395, 26.989295, 28.203353 ] }, { "date": "2023-11-24", "close": 27.9, "volume": 2314000, "typical_volume": 1242776.45, "trend": 29.701451, "fair_value": 25.298891, "relative_strength": -15.522714, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.727756, "energy": 31.175555, "activity_lines": [ 26.476667, 26.265007, 26.985131, 28.070118 ] }, { "date": "2023-12-01", "close": 27.65, "volume": 2454000, "typical_volume": 1279222.05, "trend": 29.481397, "fair_value": 25.355684, "relative_strength": -16.650071, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.778901, "energy": 21.347056, "activity_lines": [ 26.993334, 26.481818, 26.978588, 27.937766 ] }, { "date": "2023-12-08", "close": 26.799999, "volume": 2830000, "typical_volume": 1364946.65, "trend": 29.252499, "fair_value": 25.403925, "relative_strength": -18.548937, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.1759, "energy": 20.181889, "activity_lines": [ 27.106666, 26.543636, 26.904199, 27.764773 ] }, { "date": "2023-12-15", "close": 27.15, "volume": 1456000, "typical_volume": 1392130.9, "trend": 29.079118, "fair_value": 25.453167, "relative_strength": -18.237594, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.181086, "energy": 19.333198, "activity_lines": [ 27.176666, 26.691818, 26.879139, 27.629128 ] }, { "date": "2023-12-22", "close": 31.950001, "volume": 7609000, "typical_volume": 1732917.25, "trend": 28.987781, "fair_value": 25.521382, "relative_strength": -2.723684, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 18.326354, "energy": 23.851097, "activity_lines": [ 28.796667, 27.717273, 27.321838, 27.814346 ] }, { "date": "2023-12-29", "close": 29.9, "volume": 3994000, "typical_volume": 1880331.0, "trend": 28.815119, "fair_value": 25.582664, "relative_strength": -9.902691, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.31283, "energy": 27.829892, "activity_lines": [ 29.333333, 28.261818, 27.557289, 27.873199 ] }, { "date": "2024-01-05", "close": 30.1, "volume": 1263000, "typical_volume": 1893709.0, "trend": 28.67186, "fair_value": 25.643987, "relative_strength": -6.612111, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 23.59483, "energy": 39.747207, "activity_lines": [ 29.803333, 28.753636, 27.801885, 27.956094 ] }, { "date": "2024-01-12", "close": 28.35, "volume": 1318000, "typical_volume": 1925589.65, "trend": 28.510869, "fair_value": 25.694092, "relative_strength": -11.446927, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 19.687639, "energy": 36.538774, "activity_lines": [ 29.526667, 28.85, 27.871047, 27.935329 ] }, { "date": "2024-01-19", "close": 28.4, "volume": 799348, "typical_volume": 1937900.25, "trend": 28.346673, "fair_value": 25.747622, "relative_strength": -11.782347, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 23.803643, "energy": 19.931495, "activity_lines": [ 29.163333, 28.883636, 27.942216, 27.928176 ] }, { "date": "2024-01-26", "close": 28.6, "volume": 479000, "typical_volume": 1932243.7, "trend": 28.189144, "fair_value": 25.805538, "relative_strength": -12.352788, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 11.318873, "energy": 9.86747, "activity_lines": [ 28.783333, 28.917273, 28.041273, 27.94452 ] }, { "date": "2024-02-02", "close": 28.35, "volume": 474000, "typical_volume": 1928800.05, "trend": 28.054139, "fair_value": 25.863404, "relative_strength": -13.05309, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 6.492834, "energy": 8.791558, "activity_lines": [ 28.543333, 28.857273, 28.115359, 27.954898 ] }, { "date": "2024-02-09", "close": 28.299999, "volume": 131000, "typical_volume": 1847864.1, "trend": 27.984053, "fair_value": 25.922812, "relative_strength": -12.989541, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 4.164334, "energy": 8.116407, "activity_lines": [ 28.39, 28.78, 28.182857, 27.97076 ] }, { "date": "2024-02-16", "close": 29.9, "volume": 774000, "typical_volume": 1858117.4, "trend": 27.975422, "fair_value": 25.994029, "relative_strength": -10.234579, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.141387, "energy": 21.22729, "activity_lines": [ 28.89, 28.981818, 28.399524, 28.094369 ] }, { "date": "2024-02-23", "close": 28.85, "volume": 1194000, "typical_volume": 1880267.4, "trend": 27.957775, "fair_value": 26.056652, "relative_strength": -14.294864, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.118655, "energy": 22.115947, "activity_lines": [ 28.936666, 28.936364, 28.507381, 28.150794 ] }, { "date": "2024-03-01", "close": 30.5, "volume": 1776000, "typical_volume": 1929667.4, "trend": 27.993504, "fair_value": 26.125506, "relative_strength": -9.28374, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 60.827407, "energy": 42.544476, "activity_lines": [ 29.503333, 29.16, 28.765476, 28.314808 ] }, { "date": "2024-03-08", "close": 28.299999, "volume": 1138000, "typical_volume": 1926517.4, "trend": 28.009495, "fair_value": 26.177463, "relative_strength": -19.049558, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.502643, "energy": 30.110425, "activity_lines": [ 29.21, 29.01, 28.792619, 28.334582 ] }, { "date": "2024-03-15", "close": 27.799999, "volume": 587000, "typical_volume": 1908417.4, "trend": 27.994202, "fair_value": 26.228699, "relative_strength": -19.714404, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.274376, "energy": 11.342663, "activity_lines": [ 28.753333, 28.798181, 28.756428, 28.321066 ] }, { "date": "2024-03-22", "close": 28.049999, "volume": 319000, "typical_volume": 1770467.4, "trend": 28.003483, "fair_value": 26.281227, "relative_strength": -20.730189, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.362301, "energy": 8.43932, "activity_lines": [ 28.413333, 28.673636, 28.734762, 28.324666 ] }, { "date": "2024-03-29", "close": 27.950001, "volume": 293000, "typical_volume": 1627567.4, "trend": 27.926603, "fair_value": 26.336529, "relative_strength": -20.892005, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 3.149767, "energy": 15.035052, "activity_lines": [ 28.163333, 28.536363, 28.68619, 28.321216 ] }, { "date": "2024-04-05", "close": 27.75, "volume": 202000, "typical_volume": 1570217.4, "trend": 27.906395, "fair_value": 26.390238, "relative_strength": -20.90027, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -0.184209, "energy": 20.323627, "activity_lines": [ 27.906667, 28.370909, 28.61119, 28.309822 ] }, { "date": "2024-04-12", "close": 28.35, "volume": 985000, "typical_volume": 1503767.4, "trend": 27.91918, "fair_value": 26.446862, "relative_strength": -19.994524, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 3.740623, "energy": 20.536784, "activity_lines": [ 28.033333, 28.33, 28.584762, 28.338442 ] }, { "date": "2024-04-19", "close": 27.0, "volume": 846000, "typical_volume": 1423367.4, "trend": 27.898333, "fair_value": 26.487072, "relative_strength": -18.399056, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.613264, "energy": 33.147618, "activity_lines": [ 27.706667, 28.043636, 28.427619, 28.27914 ] }, { "date": "2024-04-26", "close": 27.700001, "volume": 557000, "typical_volume": 1309717.4, "trend": 27.886667, "fair_value": 26.526491, "relative_strength": -17.893336, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.141307, "energy": 20.927456, "activity_lines": [ 27.666667, 27.908182, 28.340238, 28.266344 ] }, { "date": "2024-05-03", "close": 27.1, "volume": 331000, "typical_volume": 1253467.4, "trend": 27.876667, "fair_value": 26.562374, "relative_strength": -19.709821, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.195944, "energy": 23.836147, "activity_lines": [ 27.45, 27.703636, 28.191429, 28.215591 ] }, { "date": "2024-05-10", "close": 27.35, "volume": 409000, "typical_volume": 893467.4, "trend": 27.921667, "fair_value": 26.594582, "relative_strength": -19.658234, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.925512, "energy": 29.706733, "activity_lines": [ 27.373334, 27.576364, 28.066667, 28.181613 ] }, { "date": "2024-05-17", "close": 27.15, "volume": 524000, "typical_volume": 719967.4, "trend": 27.993333, "fair_value": 26.634512, "relative_strength": -21.645062, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.184815, "energy": 28.716592, "activity_lines": [ 27.256667, 27.47, 27.944762, 28.131828 ] }, { "date": "2024-05-24", "close": 27.1, "volume": 581000, "typical_volume": 685867.4, "trend": 28.035, "fair_value": 26.683433, "relative_strength": -22.125767, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.777767, "energy": 32.540792, "activity_lines": [ 27.203333, 27.375455, 27.83119, 28.074194 ] }, { "date": "2024-05-31", "close": 26.65, "volume": 647000, "typical_volume": 652317.4, "trend": 28.11, "fair_value": 26.726366, "relative_strength": -21.214583, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.037497, "energy": 49.52174, "activity_lines": [ 26.993333, 27.211818, 27.689048, 27.984839 ] }, { "date": "2024-06-07", "close": 27.4, "volume": 563000, "typical_volume": 640500.0, "trend": 28.143333, "fair_value": 26.774417, "relative_strength": -20.785598, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.413679, "energy": 42.214654, "activity_lines": [ 27.103333, 27.21, 27.626429, 27.939032 ] }, { "date": "2024-06-14", "close": 27.299999, "volume": 567000, "typical_volume": 644900.0, "trend": 28.188333, "fair_value": 26.824931, "relative_strength": -22.678002, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.155712, "energy": 35.484247, "activity_lines": [ 27.16, 27.2, 27.559048, 27.884624 ] }, { "date": "2024-06-21", "close": 28.4, "volume": 1080000, "typical_volume": 675200.0, "trend": 28.205, "fair_value": 26.882497, "relative_strength": -21.463002, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -23.121103, "energy": 12.1654, "activity_lines": [ 27.586666, 27.398182, 27.602619, 27.898279 ] }, { "date": "2024-06-28", "close": 29.450001, "volume": 1670000, "typical_volume": 752150.0, "trend": 28.265, "fair_value": 26.947103, "relative_strength": -17.068238, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.823704, "energy": 24.990338, "activity_lines": [ 28.28, 27.786364, 27.745952, 27.978602 ] }, { "date": "2024-07-05", "close": 30.700001, "volume": 1844000, "typical_volume": 805650.0, "trend": 28.395, "fair_value": 27.020344, "relative_strength": -14.791209, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 42.459988, "energy": 51.220523, "activity_lines": [ 29.233334, 28.357273, 28.002857, 28.135699 ] }, { "date": "2024-07-12", "close": 29.200001, "volume": 2071000, "typical_volume": 849500.0, "trend": 28.463333, "fair_value": 27.07093, "relative_strength": -19.63177, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 22.61011, "energy": 45.291322, "activity_lines": [ 29.416667, 28.600909, 28.113095, 28.187635 ] }, { "date": "2024-07-19", "close": 29.75, "volume": 1050000, "typical_volume": 813200.0, "trend": 28.39, "fair_value": 27.120386, "relative_strength": -13.854336, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.290685, "energy": 59.596557, "activity_lines": [ 29.663334, 28.906364, 28.274048, 28.270645 ] }, { "date": "2024-07-26", "close": 28.700001, "volume": 488000, "typical_volume": 780700.0, "trend": 28.35, "fair_value": 27.168078, "relative_strength": -13.635231, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.635091, "energy": 48.051955, "activity_lines": [ 29.396667, 28.977273, 28.338572, 28.290645 ] }, { "date": "2024-08-02", "close": 27.299999, "volume": 1229000, "typical_volume": 812800.0, "trend": 28.256667, "fair_value": 27.2099, "relative_strength": -15.496397, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -5.740814, "energy": 6.238744, "activity_lines": [ 28.643333, 28.765455, 28.267857, 28.222903 ] }, { "date": "2024-08-09", "close": 25.799999, "volume": 1471000, "typical_volume": 870400.0, "trend": 28.171667, "fair_value": 27.247074, "relative_strength": -19.015974, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -36.156351, "energy": 26.801035, "activity_lines": [ 27.533333, 28.277273, 28.056667, 28.064409 ] }, { "date": "2024-08-16", "close": 31.9, "volume": 6148000, "typical_volume": 1163150.0, "trend": 28.288333, "fair_value": 27.315278, "relative_strength": -3.44015, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 53.25787, "energy": 23.256668, "activity_lines": [ 28.783333, 28.913636, 28.437143, 28.304946 ] }, { "date": "2024-08-23", "close": 30.799999, "volume": 2367000, "typical_volume": 1271400.0, "trend": 28.361667, "fair_value": 27.385434, "relative_strength": -5.602719, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 57.100131, "energy": 26.697526, "activity_lines": [ 29.486666, 29.268182, 28.694048, 28.466989 ] }, { "date": "2024-08-30", "close": 29.799999, "volume": 1052000, "typical_volume": 1274750.0, "trend": 28.41, "fair_value": 27.452285, "relative_strength": -8.546172, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.614359, "energy": 35.102447, "activity_lines": [ 29.786666, 29.377272, 28.84119, 28.559785 ] }, { "date": "2024-09-06", "close": 29.200001, "volume": 739000, "typical_volume": 1269400.0, "trend": 28.44, "fair_value": 27.514047, "relative_strength": -6.47722, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.47359, "energy": 37.183985, "activity_lines": [ 29.813333, 29.351818, 28.924286, 28.610753 ] }, { "date": "2024-09-13", "close": 29.5, "volume": 1051000, "typical_volume": 1294100.0, "trend": 28.426667, "fair_value": 27.564073, "relative_strength": -6.558766, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.143787, "energy": 34.783447, "activity_lines": [ 29.813333, 29.385454, 29.025476, 28.67914 ] }, { "date": "2024-09-20", "close": 29.700001, "volume": 530000, "typical_volume": 1304050.0, "trend": 28.455, "fair_value": 27.617244, "relative_strength": -7.191995, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.785798, "energy": 23.068065, "activity_lines": [ 29.633334, 29.477273, 29.137143, 28.76129 ] }, { "date": "2024-09-27", "close": 29.549999, "volume": 577000, "typical_volume": 1312450.0, "trend": 28.423333, "fair_value": 27.672868, "relative_strength": -9.839883, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.679149, "energy": 20.108526, "activity_lines": [ 29.55, 29.532727, 29.222143, 28.831935 ] }, { "date": "2024-10-04", "close": 29.049999, "volume": 323000, "typical_volume": 1302400.0, "trend": 28.448333, "fair_value": 27.72684, "relative_strength": -8.864081, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.056057, "energy": 14.933517, "activity_lines": [ 29.383333, 29.500909, 29.249047, 28.872366 ] }, { "date": "2024-10-11", "close": 29.0, "volume": 703000, "typical_volume": 1308500.0, "trend": 28.488333, "fair_value": 27.776765, "relative_strength": -11.061649, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.453871, "energy": 12.939346, "activity_lines": [ 29.25, 29.453636, 29.262143, 28.907957 ] }, { "date": "2024-10-18", "close": 29.0, "volume": 469000, "typical_volume": 1299600.0, "trend": 28.52, "fair_value": 27.831347, "relative_strength": -12.943044, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.08911, "energy": 13.023655, "activity_lines": [ 29.13, 29.375454, 29.26619, 28.940968 ] }, { "date": "2024-10-25", "close": 28.549999, "volume": 598000, "typical_volume": 1301350.0, "trend": 28.54, "fair_value": 27.883355, "relative_strength": -13.338578, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.089016, "energy": 8.83866, "activity_lines": [ 28.893333, 29.157272, 29.21619, 28.942903 ] }, { "date": "2024-11-01", "close": 28.1, "volume": 241000, "typical_volume": 1285050.0, "trend": 28.551667, "fair_value": 27.930926, "relative_strength": -12.283988, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.551385, "energy": 9.422583, "activity_lines": [ 28.583333, 28.918182, 29.117857, 28.914516 ] }, { "date": "2024-11-08", "close": 28.25, "volume": 378000, "typical_volume": 1249950.0, "trend": 28.548333, "fair_value": 27.981011, "relative_strength": -14.263685, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.308616, "energy": 18.437801, "activity_lines": [ 28.42, 28.755454, 29.03, 28.895054 ] }, { "date": "2024-11-15", "close": 27.799999, "volume": 268000, "typical_volume": 1179850.0, "trend": 28.575, "fair_value": 28.026659, "relative_strength": -12.275942, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.867876, "energy": 39.699673, "activity_lines": [ 28.16, 28.539091, 28.9, 28.846774 ] }, { "date": "2024-11-22", "close": 26.950001, "volume": 447513, "typical_volume": 1110025.65, "trend": 28.55, "fair_value": 28.068553, "relative_strength": -15.045301, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.234073, "energy": 57.270539, "activity_lines": [ 27.696667, 28.193636, 28.696905, 28.741935 ] }, { "date": "2024-11-29", "close": 27.1, "volume": 305000, "typical_volume": 1021725.65, "trend": 28.55, "fair_value": 28.112345, "relative_strength": -11.657856, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.75554, "energy": 58.363199, "activity_lines": [ 27.42, 27.921818, 28.525952, 28.648387 ] }, { "date": "2024-12-06", "close": 28.65, "volume": 474000, "typical_volume": 992925.65, "trend": 28.593333, "fair_value": 28.1642, "relative_strength": -9.968146, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.23351, "energy": 42.421082, "activity_lines": [ 27.756667, 27.979091, 28.512619, 28.654839 ] }, { "date": "2024-12-13", "close": 27.700001, "volume": 266000, "typical_volume": 981825.65, "trend": 28.611667, "fair_value": 28.2134, "relative_strength": -11.889019, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -57.042882, "energy": 40.704262, "activity_lines": [ 27.74, 27.88, 28.414048, 28.597204 ] }, { "date": "2024-12-20", "close": 26.5, "volume": 415000, "typical_volume": 941125.65, "trend": 28.591667, "fair_value": 28.257094, "relative_strength": -13.013392, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.768551, "energy": 42.196811, "activity_lines": [ 27.36, 27.587273, 28.205952, 28.460968 ] }, { "date": "2024-12-27", "close": 27.25, "volume": 187000, "typical_volume": 876925.65, "trend": 28.611667, "fair_value": 28.306533, "relative_strength": -12.878066, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.384534, "energy": 33.535135, "activity_lines": [ 27.316667, 27.476364, 28.073095, 28.374409 ] }, { "date": "2025-01-03", "close": 26.25, "volume": 342000, "typical_volume": 586625.65, "trend": 28.573333, "fair_value": 28.349874, "relative_strength": -14.025236, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.90641, "energy": 54.365164, "activity_lines": [ 26.92, 27.215455, 27.838095, 28.222043 ] }, { "date": "2025-01-10", "close": 25.450001, "volume": 303000, "typical_volume": 483425.65, "trend": 28.511667, "fair_value": 28.388086, "relative_strength": -16.401905, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.260983, "energy": 69.294194, "activity_lines": [ 26.313334, 26.850909, 27.55381, 28.020538 ] }, { "date": "2025-01-17", "close": 24.5, "volume": 327000, "typical_volume": 447175.65, "trend": 28.381667, "fair_value": 28.419897, "relative_strength": -19.353875, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.395629, "energy": 75.413255, "activity_lines": [ 25.603334, 26.361818, 27.204524, 27.76172 ] }, { "date": "2025-01-24", "close": 24.200001, "volume": 187000, "typical_volume": 419575.65, "trend": 28.206667, "fair_value": 28.451659, "relative_strength": -20.969784, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.693972, "energy": 83.675333, "activity_lines": [ 25.006667, 25.886364, 26.851905, 27.491936 ] }, { "date": "2025-02-07", "close": 27.0, "volume": 650638, "typical_volume": 399557.55, "trend": 28.083333, "fair_value": 28.502618, "relative_strength": -11.097388, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.715432, "energy": 57.447486, "activity_lines": [ 25.496667, 25.985455, 26.789762, 27.414086 ] }, { "date": "2025-02-14", "close": 25.75, "volume": 294088, "typical_volume": 387761.95, "trend": 27.968333, "fair_value": 28.547126, "relative_strength": -13.439391, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.282759, "energy": 43.045978, "activity_lines": [ 25.586667, 25.856364, 26.620476, 27.263548 ] }, { "date": "2025-02-21", "close": 26.4, "volume": 270432, "typical_volume": 372433.55, "trend": 27.856667, "fair_value": 28.596426, "relative_strength": -12.769124, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.011261, "energy": 28.523664, "activity_lines": [ 25.926667, 25.87, 26.531905, 27.162366 ] }, { "date": "2025-02-28", "close": 25.549999, "volume": 163041, "typical_volume": 364435.6, "trend": 27.751667, "fair_value": 28.643712, "relative_strength": -12.545655, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.975178, "energy": 22.595751, "activity_lines": [ 25.92, 25.77, 26.377381, 27.013548 ] }, { "date": "2025-03-07", "close": 24.549999, "volume": 564071, "typical_volume": 357489.15, "trend": 27.66, "fair_value": 28.68209, "relative_strength": -13.505867, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.589583, "energy": 37.385929, "activity_lines": [ 25.509999, 25.527273, 26.144286, 26.806989 ] }, { "date": "2025-03-14", "close": 24.299999, "volume": 482314, "typical_volume": 358154.85, "trend": 27.61, "fair_value": 28.720114, "relative_strength": -11.578621, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.395635, "energy": 42.81283, "activity_lines": [ 24.993333, 25.274545, 25.908571, 26.590215 ] }, { "date": "2025-03-21", "close": 23.9, "volume": 199069, "typical_volume": 338208.3, "trend": 27.343333, "fair_value": 28.755574, "relative_strength": -13.531005, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.119174, "energy": 66.571946, "activity_lines": [ 24.523333, 25.002727, 25.657143, 26.35086 ] }, { "date": "2025-03-28", "close": 22.25, "volume": 484535, "typical_volume": 350385.05, "trend": 27.058333, "fair_value": 28.783893, "relative_strength": -16.783006, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.655375, "energy": 82.612954, "activity_lines": [ 23.626666, 24.473636, 25.270714, 26.022258 ] }, { "date": "2025-04-04", "close": 22.5, "volume": 261065, "typical_volume": 344538.3, "trend": 26.815, "fair_value": 28.812877, "relative_strength": -14.216606, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.971032, "energy": 80.316767, "activity_lines": [ 23.09, 24.048182, 24.935952, 25.728172 ] }, { "date": "2025-04-11", "close": 18.15, "volume": 741168, "typical_volume": 368196.7, "trend": 26.446667, "fair_value": 28.810542, "relative_strength": -24.015256, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -93.784182, "energy": 92.075666, "activity_lines": [ 21.306667, 22.868182, 24.214286, 25.16914 ] }, { "date": "2025-04-18", "close": 18.0, "volume": 241059, "typical_volume": 357874.0, "trend": 26.063333, "fair_value": 28.798812, "relative_strength": -23.596154, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.042172, "energy": 94.786682, "activity_lines": [ 19.9, 21.770909, 23.524286, 24.624193 ] }, { "date": "2025-04-25", "close": 17.75, "volume": 199013, "typical_volume": 352574.65, "trend": 25.665, "fair_value": 28.791101, "relative_strength": -25.894103, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.205015, "energy": 92.65287, "activity_lines": [ 18.83, 20.791818, 22.853095, 24.087849 ] }, { "date": "2025-05-02", "close": 18.4, "volume": 114003, "typical_volume": 334574.8, "trend": 25.293333, "fair_value": 28.755388, "relative_strength": -25.980828, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.116773, "energy": 87.683896, "activity_lines": [ 18.386667, 20.076364, 22.288333, 23.61914 ] }, { "date": "2025-05-09", "close": 17.950001, "volume": 150004, "typical_volume": 328775.0, "trend": 24.923333, "fair_value": 28.721163, "relative_strength": -27.678764, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.540245, "energy": 87.886589, "activity_lines": [ 18.05, 19.424546, 21.729524, 23.145376 ] }, { "date": "2025-05-16", "close": 18.09659, "volume": 233699, "typical_volume": 319709.95, "trend": 24.559886, "fair_value": 28.69631, "relative_strength": -29.626531, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.290231, "energy": 78.086381, "activity_lines": [ 18.06553, 18.937562, 21.231104, 22.704941 ] }, { "date": "2025-05-23", "close": 18.799999, "volume": 911488, "typical_volume": 355934.35, "trend": 24.219886, "fair_value": 28.69408, "relative_strength": -25.748775, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.379837, "energy": 62.311851, "activity_lines": [ 18.319091, 18.695806, 20.839691, 22.333336 ] }, { "date": "2025-05-30", "close": 18.25, "volume": 196001, "typical_volume": 348634.4, "trend": 23.876553, "fair_value": 28.687701, "relative_strength": -26.405167, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.641361, "energy": 59.454081, "activity_lines": [ 18.335985, 18.454049, 20.436136, 21.948182 ] }, { "date": "2025-06-06", "close": 18.0, "volume": 1053215, "typical_volume": 386145.15, "trend": 23.539886, "fair_value": 28.68253, "relative_strength": -27.953396, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.033958, "energy": 57.575972, "activity_lines": [ 18.236212, 18.269566, 20.046867, 21.569049 ] }, { "date": "2025-06-13", "close": 20.299999, "volume": 4541854, "typical_volume": 596887.85, "trend": 23.274886, "fair_value": 28.693976, "relative_strength": -19.818817, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.575875, "energy": 39.385813, "activity_lines": [ 18.929772, 18.580537, 19.912121, 21.360024 ] }, { "date": "2025-06-20", "close": 17.950001, "volume": 4748610, "typical_volume": 824968.35, "trend": 22.946553, "fair_value": 28.671619, "relative_strength": -28.535453, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.462736, "energy": 37.522996, "activity_lines": [ 18.683333, 18.504235, 19.573566, 21.016483 ] }, { "date": "2025-06-27", "close": 17.75, "volume": 1087178, "typical_volume": 846795.35, "trend": 22.639886, "fair_value": 28.632364, "relative_strength": -30.493407, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.779165, "energy": 41.311062, "activity_lines": [ 18.38, 18.395207, 19.245725, 20.681222 ] }, { "date": "2025-07-04", "close": 17.4, "volume": 914725, "typical_volume": 877827.2, "trend": 22.316553, "fair_value": 28.56463, "relative_strength": -31.172215, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.519718, "energy": 44.354958, "activity_lines": [ 18.03, 18.227087, 18.928598, 20.343165 ] }, { "date": "2025-07-11", "close": 19.15, "volume": 774114, "typical_volume": 903011.3, "trend": 21.999886, "fair_value": 28.516547, "relative_strength": -24.328523, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.219133, "energy": 44.446969, "activity_lines": [ 18.32, 18.383512, 18.8179, 20.138871 ] }, { "date": "2025-07-18", "close": 19.5, "volume": 4209458, "typical_volume": 1105332.15, "trend": 21.726553, "fair_value": 28.477891, "relative_strength": -24.523523, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.713454, "energy": 31.015667, "activity_lines": [ 18.65, 18.589938, 18.775059, 19.977588 ] }, { "date": "2025-07-25", "close": 19.299999, "volume": 1288008, "typical_volume": 1141529.0, "trend": 21.486553, "fair_value": 28.435142, "relative_strength": -24.614678, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.848589, "energy": 21.205617, "activity_lines": [ 18.966666, 18.731818, 18.74198, 19.821036 ] }, { "date": "2025-08-01", "close": 19.9, "volume": 875181, "typical_volume": 1161172.35, "trend": 21.241553, "fair_value": 28.379998, "relative_strength": -21.888663, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.415241, "energy": 16.547494, "activity_lines": [ 19.393333, 18.960909, 18.791044, 19.718678 ] }, { "date": "2025-08-08", "close": 21.25, "volume": 2885494, "typical_volume": 1295493.6, "trend": 21.074886, "fair_value": 28.308523, "relative_strength": -18.081154, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 6.684589, "energy": 18.456144, "activity_lines": [ 20.126666, 19.415454, 18.989632, 19.719223 ] }, { "date": "2025-08-15", "close": 19.200001, "volume": 1974113, "typical_volume": 1369972.5, "trend": 20.866553, "fair_value": 28.236399, "relative_strength": -26.39562, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.191318, "energy": 14.642528, "activity_lines": [ 19.92, 19.442727, 19.005601, 19.598262 ] }, { "date": "2025-08-22", "close": 19.450001, "volume": 734231, "typical_volume": 1393630.8, "trend": 20.69822, "fair_value": 28.172749, "relative_strength": -22.805556, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.871447, "energy": 12.900044, "activity_lines": [ 19.793334, 19.493637, 19.059903, 19.506872 ] }, { "date": "2025-08-29", "close": 19.5, "volume": 1263757, "typical_volume": 1419760.25, "trend": 20.541553, "fair_value": 28.041021, "relative_strength": -23.289352, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.266117, "energy": 9.955567, "activity_lines": [ 19.686667, 19.569091, 19.13349, 19.429567 ] }, { "date": "2025-09-05", "close": 19.1, "volume": 1043172, "typical_volume": 1459865.9, "trend": 20.27822, "fair_value": 27.912351, "relative_strength": -24.896056, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.683269, "energy": 13.770084, "activity_lines": [ 19.433334, 19.543637, 19.162554, 19.336564 ] }, { "date": "2025-09-12", "close": 17.9, "volume": 1051778, "typical_volume": 1502504.15, "trend": 20.016553, "fair_value": 27.772553, "relative_strength": -31.485446, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.434814, "energy": 24.493097, "activity_lines": [ 18.833334, 19.275455, 19.072094, 19.183131 ] }, { "date": "2025-09-19", "close": 18.1, "volume": 429277, "typical_volume": 1518267.85, "trend": 19.739886, "fair_value": 27.649029, "relative_strength": -30.152037, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.073101, "energy": 30.11832, "activity_lines": [ 18.523333, 19.034546, 18.999968, 19.059482 ] }, { "date": "2025-09-26", "close": 18.0, "volume": 424255, "typical_volume": 1531980.4, "trend": 19.48822, "fair_value": 27.533609, "relative_strength": -29.693623, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.897791, "energy": 45.213533, "activity_lines": [ 18.253333, 18.794546, 18.919746, 18.947231 ] }, { "date": "2025-10-03", "close": 17.9, "volume": 631412, "typical_volume": 1551866.05, "trend": 19.266553, "fair_value": 27.401306, "relative_strength": -32.355531, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.609389, "energy": 50.818843, "activity_lines": [ 18.046667, 18.563636, 18.829762, 18.844765 ] }, { "date": "2025-10-10", "close": 17.75, "volume": 331042, "typical_volume": 1522843.75, "trend": 19.04822, "fair_value": 27.266169, "relative_strength": -33.406278, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.879055, "energy": 51.841358, "activity_lines": [ 17.896667, 18.330909, 18.726429, 18.746923 ] }, { "date": "2025-10-17", "close": 17.950001, "volume": 509734, "typical_volume": 1538530.4, "trend": 18.849886, "fair_value": 27.140433, "relative_strength": -31.839592, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.734943, "energy": 44.644541, "activity_lines": [ 17.903334, 18.173637, 18.647143, 18.67607 ] }, { "date": "2025-10-24", "close": 17.5, "volume": 838315, "typical_volume": 1527785.4, "trend": 18.691553, "fair_value": 27.038673, "relative_strength": -33.306612, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.99034, "energy": 44.802457, "activity_lines": [ 17.756667, 17.994546, 18.526429, 18.588981 ] }, { "date": "2025-10-31", "close": 16.75, "volume": 1070287, "typical_volume": 1354207.05, "trend": 18.499886, "fair_value": 26.9624, "relative_strength": -36.949155, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.239864, "energy": 54.188078, "activity_lines": [ 17.4, 17.71, 18.336667, 18.46372 ] }, { "date": "2025-11-07", "close": 16.0, "volume": 850002, "typical_volume": 1159276.65, "trend": 18.42822, "fair_value": 26.891002, "relative_strength": -37.670536, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.461965, "energy": 72.071402, "activity_lines": [ 16.876667, 17.338182, 18.092381, 18.302437 ] }, { "date": "2025-11-14", "close": 15.4, "volume": 996132, "typical_volume": 1154724.35, "trend": 18.341553, "fair_value": 26.800141, "relative_strength": -38.641894, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.848041, "energy": 84.331189, "activity_lines": [ 16.28, 16.920909, 17.800238, 18.107068 ] }, { "date": "2025-11-21", "close": 14.55, "volume": 445646, "typical_volume": 1131270.4, "trend": 18.234886, "fair_value": 26.695399, "relative_strength": -39.058019, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.497767, "energy": 92.273145, "activity_lines": [ 15.556667, 16.416364, 17.438333, 17.862451 ] }, { "date": "2025-11-28", "close": 14.8, "volume": 545238, "typical_volume": 1119826.6, "trend": 18.114886, "fair_value": 26.583514, "relative_strength": -39.863856, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.705844, "energy": 90.289993, "activity_lines": [ 15.143333, 16.018182, 17.11381, 17.640846 ] }, { "date": "2025-12-05", "close": 15.45, "volume": 915784, "typical_volume": 955142.9, "trend": 18.031553, "fair_value": 26.492349, "relative_strength": -37.114965, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.914879, "energy": 83.593446, "activity_lines": [ 15.126667, 15.798182, 16.871905, 17.468917 ] }, { "date": "2025-12-12", "close": 14.75, "volume": 395317, "typical_volume": 910508.35, "trend": 17.92, "fair_value": 26.391075, "relative_strength": -39.482454, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.765713, "energy": 82.640293, "activity_lines": [ 14.963333, 15.497273, 16.582619, 17.257204 ] }, { "date": "2025-12-19", "close": 14.65, "volume": 238512, "typical_volume": 878674.9, "trend": 17.781667, "fair_value": 26.271983, "relative_strength": -37.871907, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.653294, "energy": 63.911208, "activity_lines": [ 14.85, 15.235455, 16.305476, 17.046237 ] }, { "date": "2025-12-26", "close": 16.15, "volume": 1118212, "typical_volume": 790310.8, "trend": 17.711667, "fair_value": 26.14689, "relative_strength": -32.641864, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.620705, "energy": 48.364718, "activity_lines": [ 15.286667, 15.302727, 16.196191, 16.940968 ] }, { "date": "2026-01-02", "close": 19.549999, "volume": 1931476, "typical_volume": 788178.95, "trend": 17.763333, "fair_value": 26.04484, "relative_strength": -19.738801, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -4.061905, "energy": 14.853877, "activity_lines": [ 16.75, 16.020909, 16.435, 17.05957 ] }, { "date": "2026-01-09", "close": 21.4, "volume": 8680842, "typical_volume": 1185509.5, "trend": 17.8, "fair_value": 25.974327, "relative_strength": -13.992253, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 45.97748, "energy": 47.342112, "activity_lines": [ 18.513333, 17.038182, 16.848333, 17.294194 ] }, { "date": "2026-01-16", "close": 22.049999, "volume": 6759803, "typical_volume": 1460311.8, "trend": 17.936667, "fair_value": 25.910478, "relative_strength": -13.72342, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 46.819569, "energy": 54.679792, "activity_lines": [ 20.096666, 18.089091, 17.314286, 17.568387 ] }, { "date": "2026-01-23", "close": 21.299999, "volume": 3942997, "typical_volume": 1605303.05, "trend": 18.055, "fair_value": 25.858062, "relative_strength": -17.333684, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.022615, "energy": 61.390953, "activity_lines": [ 20.943333, 18.893636, 17.696666, 17.785376 ] }, { "date": "2026-01-30", "close": 20.0, "volume": 1727901, "typical_volume": 1639109.2, "trend": 18.141667, "fair_value": 25.797313, "relative_strength": -21.871897, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 38.154866, "energy": 69.250695, "activity_lines": [ 20.913333, 19.354545, 17.944762, 17.91086 ] }, { "date": "2026-02-06", "close": 23.450001, "volume": 3521094, "typical_volume": 1793700.05, "trend": 18.285, "fair_value": 25.749622, "relative_strength": -6.658657, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 56.009412, "energy": 71.303059, "activity_lines": [ 21.776667, 20.343636, 18.511428, 18.253333 ] }, { "date": "2026-02-13", "close": 21.85, "volume": 1553595, "typical_volume": 1850167.05, "trend": 18.363333, "fair_value": 25.691363, "relative_strength": -16.809757, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 64.7062, "energy": 55.34049, "activity_lines": [ 21.846667, 20.884545, 18.900238, 18.483333 ] }, { "date": "2026-02-27", "close": 23.9, "volume": 2224944, "typical_volume": 1929843.65, "trend": 18.516667, "fair_value": 25.647806, "relative_strength": -12.712322, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.095179, "energy": 60.687392, "activity_lines": [ 22.57, 21.681818, 19.465952, 18.840538 ] }, { "date": "2026-03-06", "close": 20.75, "volume": 5185297, "typical_volume": 2172556.4, "trend": 18.545, "fair_value": 25.587492, "relative_strength": -19.136129, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.90315, "energy": 47.685961, "activity_lines": [ 22.12, 21.74, 19.703095, 18.984624 ] }, { "date": "2026-03-13", "close": 19.5, "volume": 2547438, "typical_volume": 2274441.6, "trend": 18.486667, "fair_value": 25.517292, "relative_strength": -22.57231, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.06204, "energy": 31.470724, "activity_lines": [ 21.29, 21.46, 19.806905, 19.046236 ] }, { "date": "2026-03-20", "close": 19.15, "volume": 1445766, "typical_volume": 2304814.15, "trend": 18.485, "fair_value": 25.45328, "relative_strength": -23.239585, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.873089, "energy": 20.870715, "activity_lines": [ 20.376667, 21.055455, 19.87, 19.089032 ] }, { "date": "2026-03-27", "close": 18.700001, "volume": 790001, "typical_volume": 2290799.85, "trend": 18.46, "fair_value": 25.393567, "relative_strength": -23.049517, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.292997, "energy": 22.281015, "activity_lines": [ 19.6, 20.576364, 19.882381, 19.102903 ] }, { "date": "2026-04-03", "close": 18.049999, "volume": 457519, "typical_volume": 2271175.7, "trend": 18.411667, "fair_value": 25.315009, "relative_strength": -23.539239, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.890025, "energy": 20.675093, "activity_lines": [ 18.816667, 20.028182, 19.823571, 19.076452 ] }, { "date": "2026-04-10", "close": 18.799999, "volume": 747740, "typical_volume": 2258756.1, "trend": 18.401667, "fair_value": 25.251253, "relative_strength": -25.724219, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.834631, "energy": 18.200235, "activity_lines": [ 18.673333, 19.689091, 19.826428, 19.101505 ] }, { "date": "2026-04-17", "close": 18.1, "volume": 543606, "typical_volume": 2263654.1, "trend": 18.408333, "fair_value": 25.144593, "relative_strength": -30.363743, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.618458, "energy": 16.136988, "activity_lines": [ 18.426666, 19.268182, 19.746428, 19.082043 ] }, { "date": "2026-04-24", "close": 18.6, "volume": 2598566, "typical_volume": 2366320.5, "trend": 18.425, "fair_value": 25.038329, "relative_strength": -31.511749, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.616958, "energy": 15.348711, "activity_lines": [ 18.44, 18.972727, 19.697143, 19.094408 ] }, { "date": "2026-05-01", "close": 17.9, "volume": 501025, "typical_volume": 2345582.55, "trend": 18.421667, "fair_value": 24.940069, "relative_strength": -33.282448, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -19.38637, "energy": 25.687568, "activity_lines": [ 18.256666, 18.638182, 19.563095, 19.060538 ] }, { "date": "2026-05-08", "close": 16.950001, "volume": 1264718, "typical_volume": 2389052.6, "trend": 18.39, "fair_value": 24.819167, "relative_strength": -40.090328, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -27.756871, "energy": 36.060414, "activity_lines": [ 17.81, 18.202727, 19.326905, 18.965591 ] }, { "date": "2026-05-15", "close": 16.200001, "volume": 1079248, "typical_volume": 2431089.4, "trend": 18.338333, "fair_value": 24.703452, "relative_strength": -41.370427, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.277581, "energy": 48.554714, "activity_lines": [ 17.186667, 17.757273, 19.00881, 18.824301 ] }, { "date": "2026-05-22", "close": 16.299999, "volume": 504404, "typical_volume": 2400399.0, "trend": 18.283333, "fair_value": 24.592125, "relative_strength": -41.799092, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.8677, "energy": 52.598645, "activity_lines": [ 16.77, 17.412727, 18.692857, 18.692796 ] }, { "date": "2026-05-29", "close": 15.3, "volume": 1277890, "typical_volume": 2367719.7, "trend": 18.21, "fair_value": 24.482821, "relative_strength": -47.579417, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.079919, "energy": 66.052593, "activity_lines": [ 16.14, 16.944545, 18.280952, 18.500323 ] }, { "date": "2026-06-05", "close": 16.200001, "volume": 1984427, "typical_volume": 2032898.95, "trend": 18.191667, "fair_value": 24.364295, "relative_strength": -44.095693, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.854092, "energy": 65.559694, "activity_lines": [ 16.03, 16.71, 17.975, 18.370645 ] }, { "date": "2026-06-12", "close": 15.75, "volume": 619004, "typical_volume": 1725859.0, "trend": 18.183333, "fair_value": 24.240386, "relative_strength": -43.740452, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.923271, "energy": 65.299152, "activity_lines": [ 15.883334, 16.439091, 17.650952, 18.213118 ] }, { "date": "2026-06-19", "close": 15.35, "volume": 579001, "typical_volume": 1557659.2, "trend": 18.181667, "fair_value": 24.118285, "relative_strength": -46.929895, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -70.459549, "energy": 76.174621, "activity_lines": [ 15.683333, 16.137273, 17.31881, 18.030323 ] }, { "date": "2026-06-26", "close": 14.95, "volume": 1111771, "typical_volume": 1526852.7, "trend": 18.195, "fair_value": 24.001427, "relative_strength": -45.308131, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.746917, "energy": 71.499648, "activity_lines": [ 15.406667, 15.825455, 16.976905, 17.821828 ] }, { "date": "2026-07-03", "close": 15.75, "volume": 703205, "typical_volume": 1385958.25, "trend": 18.226667, "fair_value": 23.888761, "relative_strength": -44.317373, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.479221, "energy": 50.862135, "activity_lines": [ 15.486667, 15.716364, 16.735238, 17.664086 ] }, { "date": "2026-07-10", "close": 16.1, "volume": 707347, "typical_volume": 1343645.85, "trend": 18.248333, "fair_value": 23.778339, "relative_strength": -40.501742, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.327136, "energy": 45.639388, "activity_lines": [ 15.653333, 15.722727, 16.563572, 17.526882 ] }, { "date": "2026-07-17", "close": 15.45, "volume": 672101, "typical_volume": 1266003.7, "trend": 18.271667, "fair_value": 23.669684, "relative_strength": -38.360439, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.91615, "energy": 43.573489, "activity_lines": [ 15.61, 15.643636, 16.357381, 17.346344 ] }, { "date": "2026-07-24", "close": 17.4, "volume": 1914317, "typical_volume": 1102454.7, "trend": 18.363333, "fair_value": 23.586335, "relative_strength": -31.163626, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.711589, "energy": 22.581784, "activity_lines": [ 16.236667, 15.946364, 16.377143, 17.290108 ] }, { "date": "2026-07-31", "close": 15.7, "volume": 1613562, "typical_volume": 1055760.9, "trend": 18.348333, "fair_value": 23.493649, "relative_strength": -36.13849, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.926567, "energy": 22.40432, "activity_lines": [ 16.16, 15.918182, 16.250952, 17.11828 ] }, { "date": "2026-08-07", "close": 16.5, "volume": 621431, "typical_volume": 1014544.15, "trend": 18.246667, "fair_value": 23.411089, "relative_strength": -33.495096, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.267942, "energy": 17.943661, "activity_lines": [ 16.3, 16.046364, 16.219048, 16.999032 ] }, { "date": "2026-08-14", "close": 16.0, "volume": 576349, "typical_volume": 1003861.55, "trend": 18.066667, "fair_value": 23.325011, "relative_strength": -36.577828, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.257196, "energy": 18.613362, "activity_lines": [ 16.223333, 16.061818, 16.152143, 16.854086 ] } ], "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." } } }