{ "ticker": { "uuid": "4874eeae-46f1-480f-a8b7-cf0c0d72e4da", "symbol": "2748", "name": "FDC International Hotels Corporation", "exchange": "TAI", "country": "TW", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-14", "benchmark": "^TWII", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 56.454, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": -11.189, "architecture_energy": 10.45, "architecture_maturity": 7.593, "architecture_confidence": 56.066, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 57.63, "rotation_up": 33.03, "upward_expansion": 33.54, "deceleration": 34.0, "rotation_down": 26.83, "downward_expansion": 44.21 }, "activity_lines": [ 38.350292, 38.227951, 38.147602, 38.201506 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.166667 }, "latest_close": 38.400002, "trend_reference": 38.375214, "distance_from_trend": 0.000646, "trend_direction": "Weakening", "fair_value": 52.513431, "distance_from_fair_value": -0.268758, "fair_value_direction": "Improving", "relative_strength": -33.238063, "relative_strength_direction": "Improving", "price_momentum": -0.00579, "excess_performance": -0.447162, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.000646, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.028122, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.268758, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.057481, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.332381, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.079022, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.00579, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.951881, "read": "Demand-led" } ], "volume": { "latest": 328000, "relative_activity": 0.449634, "balance": 1.951881, "dry_up": 0.828077, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.027598, "annualized_volatility": 0.124987, "from_high_reference": -0.178607, "from_low_reference": 0.047356 }, "levels": { "trend_reference": 38.375214, "fair_value_reference": 52.513431, "structural_low": 36.663752, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 16, "median_return": -0.010412, "positive_rate": 0.3125, "directional_follow_through": 0.3125, "median_excess_return": -0.0443, "regime_survival": 0.625, "best_return": 0.06407, "worst_return": -0.123438, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.07109, "positive_rate": 0.428571, "directional_follow_through": 0.428571, "median_excess_return": -0.018264, "regime_survival": 0.142857, "best_return": 0.104969, "worst_return": -0.119048, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.010896, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.100938, "regime_survival": 0.2, "best_return": 0.227148, "worst_return": -0.276353, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.284238, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.505558, "regime_survival": 0.0, "best_return": 0.210749, "worst_return": -0.289774, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2022-02-18", "end": "2022-03-25", "tenure": "Developing", "return": -0.047337, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2022-04-01", "end": "2022-06-10", "tenure": "Developing", "return": 0.083645, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2022-06-17", "end": "2023-05-05", "tenure": "Extended", "return": 0.922097, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-05-12", "end": "2023-06-09", "tenure": "Developing", "return": 0.217391, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-06-16", "end": "2023-08-04", "tenure": "Developing", "return": -0.119299, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-08-11", "end": "2023-09-01", "tenure": "New", "return": -0.064165, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-09-08", "end": "2023-11-10", "tenure": "Developing", "return": 0.031464, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-11-17", "end": "2023-12-15", "tenure": "Developing", "return": -0.133113, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-12-22", "end": "2024-03-01", "tenure": "Developing", "return": -0.078382, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-03-08", "end": "2024-04-19", "tenure": "Developing", "return": -0.031206, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-04-26", "end": "2024-11-29", "tenure": "Extended", "return": -0.124321, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-06", "end": "2025-04-11", "tenure": "Established", "return": -0.234597, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2026-07-24", "tenure": "Extended", "return": -0.135019, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-31", "end": "2026-08-14", "tenure": "New", "return": -0.005181, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 73.457787, "volume": 10149267, "typical_volume": 31097432.95, "trend": 76.757321, "fair_value": 44.162183, "relative_strength": 9.004983, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.301265, "energy": 12.79927, "activity_lines": [ 76.534837, 78.746023, 79.501405, 78.994453 ] }, { "date": "2023-08-18", "close": 64.119934, "volume": 14076973, "typical_volume": 30614356.15, "trend": 77.075842, "fair_value": 44.363485, "relative_strength": -4.21357, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -39.075185, "energy": 31.14583, "activity_lines": [ 72.479539, 75.58903, 78.049347, 78.179138 ] }, { "date": "2023-08-25", "close": 70.078384, "volume": 13252873, "typical_volume": 31040741.6, "trend": 77.511103, "fair_value": 44.606568, "relative_strength": 3.210453, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.15163, "energy": 38.375583, "activity_lines": [ 71.015128, 73.912657, 77.24207, 77.727689 ] }, { "date": "2023-09-01", "close": 68.7444, "volume": 16343978, "typical_volume": 30712461.05, "trend": 77.834642, "fair_value": 44.841547, "relative_strength": -0.438514, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -57.572451, "energy": 55.444362, "activity_lines": [ 69.360994, 72.311379, 76.337887, 77.162095 ] }, { "date": "2023-09-08", "close": 65.009262, "volume": 4327368, "typical_volume": 28382318.2, "trend": 77.785126, "fair_value": 45.056617, "relative_strength": -5.962198, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.567359, "energy": 63.350542, "activity_lines": [ 67.463781, 70.62329, 75.165848, 76.334652 ] }, { "date": "2023-09-15", "close": 64.920326, "volume": 5074377, "typical_volume": 27892829.45, "trend": 77.215074, "fair_value": 45.267531, "relative_strength": -8.49314, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.921142, "energy": 58.662952, "activity_lines": [ 66.343239, 69.227867, 74.046718, 75.504664 ] }, { "date": "2023-09-22", "close": 61.896637, "volume": 4114827, "typical_volume": 27751446.75, "trend": 76.406799, "fair_value": 45.459511, "relative_strength": -10.104443, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.226406, "energy": 67.864212, "activity_lines": [ 64.783964, 67.494501, 72.680116, 74.516378 ] }, { "date": "2023-09-29", "close": 65.276054, "volume": 4382021, "typical_volume": 27572190.85, "trend": 75.822287, "fair_value": 45.67293, "relative_strength": -5.631182, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.156237, "energy": 69.081312, "activity_lines": [ 64.499381, 66.580928, 71.684412, 73.798266 ] }, { "date": "2023-10-06", "close": 62.785961, "volume": 3129831, "typical_volume": 26850602.4, "trend": 75.353614, "fair_value": 45.853096, "relative_strength": -10.402163, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.48412, "energy": 69.118665, "activity_lines": [ 63.704923, 65.371454, 70.476993, 72.957212 ] }, { "date": "2023-10-13", "close": 61.451981, "volume": 2157320, "typical_volume": 23388129.75, "trend": 74.942819, "fair_value": 46.037617, "relative_strength": -13.834753, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.430029, "energy": 69.434367, "activity_lines": [ 62.863034, 64.301037, 69.200709, 72.060333 ] }, { "date": "2023-10-20", "close": 54.337421, "volume": 6561387, "typical_volume": 22086833.6, "trend": 74.198376, "fair_value": 46.173899, "relative_strength": -22.217126, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.028374, "energy": 79.716858, "activity_lines": [ 59.886777, 62.221646, 67.330597, 70.730952 ] }, { "date": "2023-10-27", "close": 56.027126, "volume": 3938533, "typical_volume": 18967221.2, "trend": 73.387443, "fair_value": 46.319958, "relative_strength": -18.371388, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.52816, "energy": 84.305399, "activity_lines": [ 58.179282, 60.797116, 65.745303, 69.558614 ] }, { "date": "2023-11-03", "close": 62.341293, "volume": 13723186, "typical_volume": 18283060.35, "trend": 72.918567, "fair_value": 46.508336, "relative_strength": -11.52641, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.091351, "energy": 74.020805, "activity_lines": [ 58.96781, 60.66776, 64.903941, 68.845959 ] }, { "date": "2023-11-10", "close": 67.054695, "volume": 25015459, "typical_volume": 14080604.6, "trend": 72.247137, "fair_value": 46.728509, "relative_strength": -6.236337, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.023324, "energy": 46.94274, "activity_lines": [ 61.523123, 61.53606, 64.631508, 68.467644 ] }, { "date": "2023-11-17", "close": 80.839142, "volume": 29359251, "typical_volume": 13831242.1, "trend": 72.345146, "fair_value": 47.03836, "relative_strength": 8.714079, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 0.488992, "energy": 16.124954, "activity_lines": [ 68.388669, 64.941344, 65.835054, 69.021967 ] }, { "date": "2023-11-24", "close": 74.080315, "volume": 46021593, "typical_volume": 15233515.7, "trend": 72.366993, "fair_value": 47.306993, "relative_strength": -1.387732, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": 4.815314, "energy": 28.55069, "activity_lines": [ 71.708796, 66.829935, 66.400407, 69.133914 ] }, { "date": "2023-12-01", "close": 71.145561, "volume": 9106227, "typical_volume": 14889746.4, "trend": 72.331951, "fair_value": 47.546541, "relative_strength": -6.568844, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.120402, "energy": 35.829374, "activity_lines": [ 72.734478, 68.01839, 66.698117, 69.055112 ] }, { "date": "2023-12-08", "close": 70.878761, "volume": 4584683, "typical_volume": 13793694.35, "trend": 72.340651, "fair_value": 47.777267, "relative_strength": -6.966214, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 20.115619, "energy": 35.665496, "activity_lines": [ 72.663332, 68.990173, 66.980158, 68.961357 ] }, { "date": "2023-12-15", "close": 70.078384, "volume": 3736361, "typical_volume": 12223292.1, "trend": 72.176464, "fair_value": 48.001282, "relative_strength": -9.666556, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "down", "direction": -2.221766, "energy": 23.230841, "activity_lines": [ 71.756228, 69.714565, 67.200371, 68.815405 ] }, { "date": "2023-12-22", "close": 70.345169, "volume": 7606856, "typical_volume": 11333118.55, "trend": 71.886661, "fair_value": 48.230431, "relative_strength": -9.148344, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -6.190704, "energy": 11.469036, "activity_lines": [ 70.736473, 70.354874, 67.511209, 68.697257 ] }, { "date": "2023-12-29", "close": 73.991386, "volume": 13008475, "typical_volume": 11476078.95, "trend": 71.674537, "fair_value": 48.485325, "relative_strength": -6.444705, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": 4.694916, "energy": 11.557011, "activity_lines": [ 71.631723, 71.496438, 68.20149, 68.833045 ] }, { "date": "2024-01-05", "close": 71.679161, "volume": 6224244, "typical_volume": 11083442.5, "trend": 71.198193, "fair_value": 48.725659, "relative_strength": -7.389906, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 2.721498, "energy": 10.249564, "activity_lines": [ 71.762159, 71.860252, 68.669019, 68.833344 ] }, { "date": "2024-01-12", "close": 73.991386, "volume": 15097951, "typical_volume": 11175696.4, "trend": 70.74629, "fair_value": 48.983976, "relative_strength": -4.500613, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 29.170133, "energy": 22.687906, "activity_lines": [ 72.627764, 72.359888, 69.320763, 69.01355 ] }, { "date": "2024-01-19", "close": 67.58828, "volume": 8959733, "typical_volume": 10806484.15, "trend": 69.621861, "fair_value": 49.19677, "relative_strength": -13.65046, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 4.838766, "energy": 10.059807, "activity_lines": [ 71.151491, 71.483504, 69.344054, 68.809807 ] }, { "date": "2024-01-26", "close": 69.011192, "volume": 4404529, "typical_volume": 10810342.2, "trend": 69.189059, "fair_value": 49.424743, "relative_strength": -13.374864, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.17089, "energy": 5.81963, "activity_lines": [ 70.31553, 70.856129, 69.508366, 68.770409 ] }, { "date": "2024-02-02", "close": 72.924194, "volume": 12989110, "typical_volume": 11206078.85, "trend": 69.067518, "fair_value": 49.679117, "relative_strength": -8.892622, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 14.194573, "energy": 8.248622, "activity_lines": [ 70.872834, 71.155262, 70.026289, 69.011386 ] }, { "date": "2024-02-09", "close": 72.657402, "volume": 890208, "typical_volume": 11044847.9, "trend": 69.049732, "fair_value": 49.939419, "relative_strength": -9.308438, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.704258, "energy": 18.572049, "activity_lines": [ 71.412354, 71.426908, 70.480688, 69.242991 ] }, { "date": "2024-02-16", "close": 66.965767, "volume": 5038086, "typical_volume": 11077651.15, "trend": 68.818509, "fair_value": 50.162446, "relative_strength": -18.104428, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.453429, "energy": 10.819519, "activity_lines": [ 69.989446, 70.636224, 70.341786, 69.108542 ] }, { "date": "2024-02-23", "close": 65.720711, "volume": 5445806, "typical_volume": 11193449.9, "trend": 68.216736, "fair_value": 50.374331, "relative_strength": -20.100456, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -1.366366, "energy": 7.193285, "activity_lines": [ 68.619894, 69.690311, 70.07626, 68.908684 ] }, { "date": "2024-03-01", "close": 64.83139, "volume": 2426480, "typical_volume": 11206907.9, "trend": 67.807649, "fair_value": 50.574984, "relative_strength": -20.717303, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.308203, "energy": 35.474915, "activity_lines": [ 67.078406, 68.661934, 69.712063, 68.690274 ] }, { "date": "2024-03-08", "close": 62.697029, "volume": 2934153, "typical_volume": 11025546.2, "trend": 67.448957, "fair_value": 50.745097, "relative_strength": -26.03249, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.090119, "energy": 54.193176, "activity_lines": [ 65.104118, 67.345741, 69.1285, 68.360557 ] }, { "date": "2024-03-15", "close": 63.942074, "volume": 3521862, "typical_volume": 11004712.65, "trend": 67.443028, "fair_value": 50.923455, "relative_strength": -23.646698, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.411526, "energy": 53.432489, "activity_lines": [ 64.226656, 66.461273, 68.623705, 68.134306 ] }, { "date": "2024-03-22", "close": 64.56459, "volume": 1699274, "typical_volume": 10403517.05, "trend": 67.259235, "fair_value": 51.106594, "relative_strength": -24.428726, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.106471, "energy": 51.556151, "activity_lines": [ 64.137722, 65.830663, 68.140508, 67.948601 ] }, { "date": "2024-03-29", "close": 63.586346, "volume": 1450120, "typical_volume": 9225250.1, "trend": 67.0873, "fair_value": 51.282145, "relative_strength": -25.157896, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.378539, "energy": 51.67628, "activity_lines": [ 63.882784, 65.193588, 67.553557, 67.71164 ] }, { "date": "2024-04-05", "close": 61.363049, "volume": 2381667, "typical_volume": 7876370.9, "trend": 66.965759, "fair_value": 51.444498, "relative_strength": -27.32455, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.657681, "energy": 48.66573, "activity_lines": [ 63.029038, 64.225038, 66.77138, 67.342334 ] }, { "date": "2024-04-12", "close": 63.586346, "volume": 5678839, "typical_volume": 5859233.2, "trend": 66.921293, "fair_value": 51.620312, "relative_strength": -25.307326, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.659906, "energy": 34.578309, "activity_lines": [ 63.147615, 63.799782, 66.293688, 67.124307 ] }, { "date": "2024-04-19", "close": 60.740524, "volume": 2123536, "typical_volume": 5510098.65, "trend": 66.882756, "fair_value": 51.778674, "relative_strength": -23.557114, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -70.827473, "energy": 62.990013, "activity_lines": [ 62.258296, 63.026883, 65.594937, 66.725548 ] }, { "date": "2024-04-26", "close": 64.653526, "volume": 10225395, "typical_volume": 5792134.25, "trend": 66.862005, "fair_value": 51.966597, "relative_strength": -20.468529, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.832537, "energy": 39.134531, "activity_lines": [ 62.886747, 63.182109, 65.318401, 66.581726 ] }, { "date": "2024-05-03", "close": 66.076447, "volume": 6582934, "typical_volume": 5934462.9, "trend": 66.971688, "fair_value": 52.162588, "relative_strength": -19.028953, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.538694, "energy": 25.443143, "activity_lines": [ 63.983577, 63.638089, 65.207025, 66.531045 ] }, { "date": "2024-05-10", "close": 66.343231, "volume": 4156567, "typical_volume": 5761948.45, "trend": 67.13473, "fair_value": 52.353968, "relative_strength": -19.667791, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.785495, "energy": 18.312922, "activity_lines": [ 65.003328, 64.136107, 65.140114, 66.490499 ] }, { "date": "2024-05-17", "close": 66.165382, "volume": 8198566, "typical_volume": 5521453.0, "trend": 67.528995, "fair_value": 52.555007, "relative_strength": -21.376491, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.591495, "energy": 21.654889, "activity_lines": [ 65.631783, 64.5743, 65.075321, 66.427961 ] }, { "date": "2024-05-24", "close": 62.785961, "volume": 5872435, "typical_volume": 5503862.55, "trend": 67.75429, "fair_value": 52.752293, "relative_strength": -25.776944, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.841691, "energy": 21.649871, "activity_lines": [ 64.96183, 64.334993, 64.725946, 66.121959 ] }, { "date": "2024-05-31", "close": 63.141685, "volume": 5094643, "typical_volume": 5003697.15, "trend": 67.78097, "fair_value": 52.951597, "relative_strength": -23.290289, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.804807, "energy": 18.440321, "activity_lines": [ 64.274088, 64.181383, 64.452798, 65.824371 ] }, { "date": "2024-06-07", "close": 63.230618, "volume": 1378302, "typical_volume": 4624625.6, "trend": 67.6535, "fair_value": 53.146203, "relative_strength": -24.768479, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.665386, "energy": 26.871308, "activity_lines": [ 63.716781, 64.069814, 64.239785, 65.5308 ] }, { "date": "2024-06-14", "close": 62.163437, "volume": 1397197, "typical_volume": 4474259.0, "trend": 67.030977, "fair_value": 53.333441, "relative_strength": -27.325839, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.089449, "energy": 36.868873, "activity_lines": [ 62.993468, 63.770679, 63.945886, 65.176603 ] }, { "date": "2024-06-21", "close": 62.874882, "volume": 1195590, "typical_volume": 3884583.0, "trend": 66.657462, "fair_value": 53.521816, "relative_strength": -27.69515, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.60307, "energy": 35.468621, "activity_lines": [ 62.785956, 63.586346, 63.752352, 64.908467 ] }, { "date": "2024-06-28", "close": 61.00732, "volume": 1430133, "typical_volume": 3911579.25, "trend": 66.319521, "fair_value": 53.696638, "relative_strength": -28.359232, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.958954, "energy": 44.040881, "activity_lines": [ 62.175291, 63.075391, 63.428809, 64.543942 ] }, { "date": "2024-07-05", "close": 60.295868, "volume": 1450475, "typical_volume": 3732198.7, "trend": 65.966758, "fair_value": 53.861369, "relative_strength": -30.030015, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.593677, "energy": 50.432026, "activity_lines": [ 61.446051, 62.430231, 63.092986, 64.155319 ] }, { "date": "2024-07-12", "close": 60.206928, "volume": 1538038, "typical_volume": 3536810.3, "trend": 65.637709, "fair_value": 54.024739, "relative_strength": -30.558947, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.847031, "energy": 52.721256, "activity_lines": [ 60.876885, 61.84813, 62.780453, 63.783717 ] }, { "date": "2024-07-19", "close": 59.406548, "volume": 983481, "typical_volume": 3464660.35, "trend": 65.273089, "fair_value": 54.166122, "relative_strength": -27.674945, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.000467, "energy": 59.308069, "activity_lines": [ 60.242505, 61.227224, 62.41795, 63.381707 ] }, { "date": "2024-07-26", "close": 58.250427, "volume": 925308, "typical_volume": 3364218.1, "trend": 64.74839, "fair_value": 54.306678, "relative_strength": -25.79932, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.28416, "energy": 70.024965, "activity_lines": [ 59.406544, 60.522236, 61.971172, 62.928632 ] }, { "date": "2024-08-02", "close": 56.065163, "volume": 1485798, "typical_volume": 3262414.9, "trend": 64.227923, "fair_value": 54.426904, "relative_strength": -26.200615, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.211206, "energy": 79.06776, "activity_lines": [ 58.150459, 59.563835, 61.337449, 62.368424 ] }, { "date": "2024-08-09", "close": 52.578293, "volume": 2742985, "typical_volume": 3314600.45, "trend": 63.514154, "fair_value": 54.535578, "relative_strength": -29.482175, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.541854, "energy": 85.354907, "activity_lines": [ 56.061561, 58.093654, 60.409152, 61.616835 ] }, { "date": "2024-08-16", "close": 52.211258, "volume": 794053, "typical_volume": 3281797.1, "trend": 63.001586, "fair_value": 54.64111, "relative_strength": -32.139733, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.321572, "energy": 91.67009, "activity_lines": [ 54.364824, 56.748801, 59.502976, 60.887616 ] }, { "date": "2024-08-23", "close": 52.119495, "volume": 1144433, "typical_volume": 3219935.4, "trend": 62.43853, "fair_value": 54.752374, "relative_strength": -30.941355, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.625355, "energy": 91.489052, "activity_lines": [ 53.170543, 55.587616, 58.642229, 60.185545 ] }, { "date": "2024-08-30", "close": 54.138206, "volume": 888520, "typical_volume": 2980419.45, "trend": 61.81233, "fair_value": 54.885534, "relative_strength": -27.929742, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.859021, "energy": 87.155315, "activity_lines": [ 53.134969, 54.976087, 58.017756, 59.650041 ] }, { "date": "2024-09-06", "close": 52.303017, "volume": 720457, "typical_volume": 2910265.5, "trend": 61.133851, "fair_value": 54.996922, "relative_strength": -27.051073, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.241351, "energy": 85.120305, "activity_lines": [ 52.761814, 54.189735, 57.263495, 59.036536 ] }, { "date": "2024-09-13", "close": 52.853569, "volume": 514522, "typical_volume": 2424721.85, "trend": 60.663444, "fair_value": 55.114735, "relative_strength": -26.789879, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.472334, "energy": 60.900824, "activity_lines": [ 52.822985, 53.661744, 56.601846, 58.502325 ] }, { "date": "2024-09-20", "close": 53.954685, "volume": 432313, "typical_volume": 2117190.8, "trend": 60.271243, "fair_value": 55.246193, "relative_strength": -26.033228, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.779147, "energy": 52.643424, "activity_lines": [ 53.232844, 53.46927, 56.101255, 58.069502 ] }, { "date": "2024-09-27", "close": 56.523956, "volume": 1168541, "typical_volume": 1967789.5, "trend": 59.994329, "fair_value": 55.388759, "relative_strength": -24.091525, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.069424, "energy": 37.859687, "activity_lines": [ 54.382898, 53.857614, 55.90308, 57.827741 ] }, { "date": "2024-10-04", "close": 55.331085, "volume": 699286, "typical_volume": 1592825.5, "trend": 59.748797, "fair_value": 55.52098, "relative_strength": -23.364678, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.128104, "energy": 27.568352, "activity_lines": [ 54.841697, 54.081483, 55.638056, 57.526887 ] }, { "date": "2024-10-11", "close": 55.9734, "volume": 844842, "typical_volume": 1341445.85, "trend": 59.483175, "fair_value": 55.656237, "relative_strength": -23.952462, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.779939, "energy": 23.368433, "activity_lines": [ 55.435076, 54.475215, 55.485797, 57.283313 ] }, { "date": "2024-10-18", "close": 56.24868, "volume": 1722669, "typical_volume": 1172847.15, "trend": 59.205978, "fair_value": 55.78516, "relative_strength": -25.075885, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.011126, "energy": 22.547475, "activity_lines": [ 55.875523, 54.920667, 55.392196, 57.074636 ] }, { "date": "2024-10-25", "close": 54.688763, "volume": 1617559, "typical_volume": 1184810.0, "trend": 58.909392, "fair_value": 55.903274, "relative_strength": -26.218913, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.330772, "energy": 18.693289, "activity_lines": [ 55.569657, 55.015763, 55.182855, 56.783202 ] }, { "date": "2024-11-01", "close": 55.331085, "volume": 649051, "typical_volume": 1147402.7, "trend": 58.708326, "fair_value": 56.029284, "relative_strength": -22.860168, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.26658, "energy": 12.685861, "activity_lines": [ 55.42896, 55.182599, 55.075363, 56.552344 ] }, { "date": "2024-11-08", "close": 53.220612, "volume": 577250, "typical_volume": 1116485.7, "trend": 58.362802, "fair_value": 56.142306, "relative_strength": -27.460384, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.431951, "energy": 30.131062, "activity_lines": [ 54.664297, 54.90732, 54.799409, 56.198298 ] }, { "date": "2024-11-15", "close": 53.404129, "volume": 1331007, "typical_volume": 1111529.4, "trend": 58.118255, "fair_value": 56.253265, "relative_strength": -23.50469, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.217452, "energy": 35.30811, "activity_lines": [ 54.101504, 54.682092, 54.586905, 55.878383 ] }, { "date": "2024-11-22", "close": 53.954685, "volume": 409121, "typical_volume": 1059461.7, "trend": 57.761627, "fair_value": 56.369373, "relative_strength": -22.32221, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.956622, "energy": 40.539298, "activity_lines": [ 53.893514, 54.536944, 54.463041, 55.609766 ] }, { "date": "2024-11-29", "close": 56.615723, "volume": 1225424, "typical_volume": 1043831.0, "trend": 57.44627, "fair_value": 56.495964, "relative_strength": -15.316036, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.880649, "energy": 20.124217, "activity_lines": [ 54.72547, 54.855601, 54.622805, 55.535837 ] }, { "date": "2024-12-06", "close": 58.083878, "volume": 2172244, "typical_volume": 1103269.15, "trend": 57.170958, "fair_value": 56.634747, "relative_strength": -15.758075, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 6.241965, "energy": 10.021167, "activity_lines": [ 55.918347, 55.392814, 54.939495, 55.576973 ] }, { "date": "2024-12-13", "close": 55.147564, "volume": 3856633, "typical_volume": 1249835.4, "trend": 56.803697, "fair_value": 56.762492, "relative_strength": -18.589859, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.115325, "energy": 14.968538, "activity_lines": [ 55.948933, 55.367788, 54.982834, 55.446431 ] }, { "date": "2024-12-20", "close": 55.239323, "volume": 3707772, "typical_volume": 1360934.1, "trend": 56.552143, "fair_value": 56.892494, "relative_strength": -15.756156, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.906264, "energy": 14.466007, "activity_lines": [ 55.881642, 55.362783, 55.049687, 55.345504 ] }, { "date": "2024-12-27", "close": 54.413486, "volume": 1631397, "typical_volume": 1305354.7, "trend": 56.261203, "fair_value": 57.023874, "relative_strength": -18.785541, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.424579, "energy": 11.25192, "activity_lines": [ 55.416726, 55.220972, 55.041822, 55.207526 ] }, { "date": "2025-01-03", "close": 54.780529, "volume": 1371167, "typical_volume": 1334210.4, "trend": 55.979533, "fair_value": 57.158164, "relative_strength": -15.972066, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.93683, "energy": 15.080847, "activity_lines": [ 55.043571, 55.179264, 55.060174, 55.111999 ] }, { "date": "2025-01-10", "close": 51.844215, "volume": 793208, "typical_volume": 1316649.15, "trend": 55.635559, "fair_value": 57.271129, "relative_strength": -19.764732, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.580018, "energy": 33.779012, "activity_lines": [ 53.813991, 54.602012, 54.786643, 54.845204 ] }, { "date": "2025-01-17", "close": 55.514606, "volume": 2211498, "typical_volume": 1382798.05, "trend": 55.390217, "fair_value": 57.411236, "relative_strength": -13.748586, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.087404, "energy": 19.148209, "activity_lines": [ 54.223851, 54.755501, 54.863984, 54.8374 ] }, { "date": "2025-01-24", "close": 57.992115, "volume": 3003652, "typical_volume": 1496957.8, "trend": 55.28971, "fair_value": 57.569449, "relative_strength": -10.496474, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.803556, "energy": 10.262863, "activity_lines": [ 55.435079, 55.317738, 55.170723, 55.005265 ] }, { "date": "2025-02-07", "close": 56.065163, "volume": 1270293, "typical_volume": 1534746.35, "trend": 55.148686, "fair_value": 57.716422, "relative_strength": -12.286234, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.329951, "energy": 16.506844, "activity_lines": [ 55.82047, 55.446202, 55.266853, 55.055294 ] }, { "date": "2025-02-14", "close": 55.881645, "volume": 706550, "typical_volume": 1548458.2, "trend": 55.00451, "fair_value": 57.864443, "relative_strength": -10.329225, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 44.093425, "energy": 25.984633, "activity_lines": [ 56.034577, 55.502926, 55.330211, 55.102582 ] }, { "date": "2025-02-21", "close": 56.24868, "volume": 503306, "typical_volume": 1515196.45, "trend": 54.899248, "fair_value": 58.006476, "relative_strength": -11.15753, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 46.11441, "energy": 32.640481, "activity_lines": [ 56.29762, 55.639731, 55.419349, 55.182851 ] }, { "date": "2025-02-28", "close": 56.432201, "volume": 650589, "typical_volume": 1512761.6, "trend": 54.83864, "fair_value": 58.133281, "relative_strength": -7.562683, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 47.764314, "energy": 31.215061, "activity_lines": [ 56.328207, 55.843271, 55.527276, 55.281751 ] }, { "date": "2025-03-07", "close": 58.726192, "volume": 1513960, "typical_volume": 1546217.5, "trend": 54.927341, "fair_value": 58.275347, "relative_strength": -1.181939, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 60.996285, "energy": 41.115174, "activity_lines": [ 57.062284, 56.440543, 55.848434, 55.532561 ] }, { "date": "2025-03-14", "close": 53.954685, "volume": 1153609, "typical_volume": 1517764.5, "trend": 54.973221, "fair_value": 58.388772, "relative_strength": -6.209695, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 33.079897, "energy": 16.275101, "activity_lines": [ 56.15692, 56.10687, 55.702055, 55.469809 ] }, { "date": "2025-03-21", "close": 54.688763, "volume": 457428, "typical_volume": 1459757.95, "trend": 55.055805, "fair_value": 58.516913, "relative_strength": -5.419353, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 23.069699, "energy": 9.460159, "activity_lines": [ 55.636948, 55.915008, 55.636513, 55.451457 ] }, { "date": "2025-03-28", "close": 52.578293, "volume": 629184, "typical_volume": 1458764.6, "trend": 55.071098, "fair_value": 58.628189, "relative_strength": -5.991336, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -19.231094, "energy": 14.603372, "activity_lines": [ 54.49301, 55.341093, 55.369972, 55.291617 ] }, { "date": "2025-04-04", "close": 51.477177, "volume": 524396, "typical_volume": 1456121.9, "trend": 54.982397, "fair_value": 58.734352, "relative_strength": -6.14416, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -36.599139, "energy": 36.97436, "activity_lines": [ 53.226727, 54.553628, 55.011673, 55.059751 ] }, { "date": "2025-04-11", "close": 44.457561, "volume": 2795404, "typical_volume": 1529341.75, "trend": 54.720882, "fair_value": 58.79663, "relative_strength": -11.106591, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -84.844692, "energy": 77.392483, "activity_lines": [ 49.950907, 52.563277, 53.99314, 54.38073 ] }, { "date": "2025-04-18", "close": 44.044643, "volume": 1161107, "typical_volume": 1566941.05, "trend": 54.427251, "fair_value": 58.857373, "relative_strength": -10.792079, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.300125, "energy": 85.768875, "activity_lines": [ 47.488689, 50.743933, 52.977885, 53.69194 ] }, { "date": "2025-04-25", "close": 43.952888, "volume": 416471, "typical_volume": 1526493.4, "trend": 54.093857, "fair_value": 58.911134, "relative_strength": -12.523848, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.07632, "energy": 88.475269, "activity_lines": [ 45.656556, 49.126461, 52.001082, 53.016175 ] }, { "date": "2025-05-02", "close": 46.338638, "volume": 473391, "typical_volume": 1441550.75, "trend": 53.754347, "fair_value": 58.984914, "relative_strength": -11.169717, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.240564, "energy": 84.393563, "activity_lines": [ 45.335398, 48.159648, 51.311792, 52.515838 ] }, { "date": "2025-05-09", "close": 47.347992, "volume": 1188524, "typical_volume": 1308145.3, "trend": 53.488244, "fair_value": 59.06711, "relative_strength": -9.100612, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.649693, "energy": 77.254314, "activity_lines": [ 45.766668, 47.556537, 50.774561, 52.102525 ] }, { "date": "2025-05-16", "close": 48.449108, "volume": 763891, "typical_volume": 1160951.25, "trend": 53.237434, "fair_value": 59.154141, "relative_strength": -10.257985, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.771996, "energy": 48.103316, "activity_lines": [ 46.840256, 47.318796, 50.379339, 51.777419 ] }, { "date": "2025-05-23", "close": 47.990307, "volume": 604380, "typical_volume": 1109600.4, "trend": 52.962155, "fair_value": 59.241567, "relative_strength": -9.692225, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.69423, "energy": 32.99468, "activity_lines": [ 47.494807, 47.184493, 49.972756, 51.438895 ] }, { "date": "2025-05-30", "close": 46.980953, "volume": 257176, "typical_volume": 1053900.85, "trend": 52.705228, "fair_value": 59.321411, "relative_strength": -9.826625, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.39216, "energy": 28.593226, "activity_lines": [ 47.549863, 46.975114, 49.50063, 51.053011 ] }, { "date": "2025-06-06", "close": 46.155117, "volume": 344433, "typical_volume": 1031462.1, "trend": 52.399362, "fair_value": 59.395961, "relative_strength": -12.103781, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.831049, "energy": 31.070405, "activity_lines": [ 47.127768, 46.755725, 48.986995, 50.630423 ] }, { "date": "2025-06-13", "close": 47.531513, "volume": 479317, "typical_volume": 944853.05, "trend": 52.209726, "fair_value": 59.469881, "relative_strength": -10.649298, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.08848, "energy": 30.933679, "activity_lines": [ 47.176708, 46.903375, 48.631535, 50.316368 ] }, { "date": "2025-06-20", "close": 45.099884, "volume": 388278, "typical_volume": 814084.35, "trend": 51.932918, "fair_value": 59.517648, "relative_strength": -14.627591, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.735776, "energy": 41.304978, "activity_lines": [ 46.402869, 46.68065, 48.082507, 49.857669 ] }, { "date": "2025-06-27", "close": 46.430393, "volume": 516391, "typical_volume": 776389.25, "trend": 51.682108, "fair_value": 59.5745, "relative_strength": -13.740517, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.805123, "energy": 36.832799, "activity_lines": [ 46.295815, 46.688157, 47.721585, 49.502667 ] }, { "date": "2025-07-04", "close": 45.879837, "volume": 343609, "typical_volume": 758242.2, "trend": 51.324245, "fair_value": 59.633105, "relative_strength": -14.215293, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.904889, "energy": 36.482009, "activity_lines": [ 46.109237, 46.552186, 47.35411, 49.128327 ] }, { "date": "2025-07-11", "close": 45.65044, "volume": 398128, "typical_volume": 752983.3, "trend": 50.909797, "fair_value": 59.693577, "relative_strength": -15.026765, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.583477, "energy": 50.064814, "activity_lines": [ 45.919601, 46.33947, 47.012414, 48.762275 ] }, { "date": "2025-07-18", "close": 45.879837, "volume": 538115, "typical_volume": 747359.6, "trend": 50.600873, "fair_value": 59.746065, "relative_strength": -16.530902, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.097996, "energy": 43.527905, "activity_lines": [ 45.840075, 46.180976, 46.743034, 48.437762 ] }, { "date": "2025-07-25", "close": 46.063358, "volume": 398069, "typical_volume": 691565.05, "trend": 50.295007, "fair_value": 59.781102, "relative_strength": -15.697941, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.410342, "energy": 41.380147, "activity_lines": [ 45.931835, 46.082543, 46.541381, 48.145019 ] }, { "date": "2025-08-01", "close": 45.375159, "volume": 432395, "typical_volume": 655504.35, "trend": 49.99373, "fair_value": 59.81423, "relative_strength": -16.728074, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.383801, "energy": 43.922899, "activity_lines": [ 45.729964, 45.902361, 46.334485, 47.827609 ] }, { "date": "2025-08-08", "close": 46.430393, "volume": 645398, "typical_volume": 664902.85, "trend": 49.715392, "fair_value": 59.853287, "relative_strength": -16.41835, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.769096, "energy": 33.591169, "activity_lines": [ 45.950186, 45.961587, 46.268942, 47.597717 ] }, { "date": "2025-08-15", "close": 46.176254, "volume": 838291, "typical_volume": 675358.2, "trend": 49.52646, "fair_value": 59.90573, "relative_strength": -17.567745, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.650215, "energy": 26.821198, "activity_lines": [ 46.048991, 45.984616, 46.218521, 47.369385 ] }, { "date": "2025-08-22", "close": 44.694408, "volume": 559000, "typical_volume": 677088.4, "trend": 49.165787, "fair_value": 59.946727, "relative_strength": -17.987307, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.013211, "energy": 37.298574, "activity_lines": [ 45.618794, 45.737834, 46.057458, 47.05764 ] }, { "date": "2025-08-29", "close": 44.455402, "volume": 426198, "typical_volume": 558628.1, "trend": 48.714563, "fair_value": 59.982578, "relative_strength": -19.654588, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.791993, "energy": 39.442307, "activity_lines": [ 45.187957, 45.499181, 45.905931, 46.753744 ] }, { "date": "2025-09-05", "close": 45.220226, "volume": 511064, "typical_volume": 526125.95, "trend": 48.353065, "fair_value": 60.013497, "relative_strength": -18.744339, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.725448, "energy": 37.384452, "activity_lines": [ 45.119258, 45.411304, 45.827255, 46.528303 ] }, { "date": "2025-09-12", "close": 44.551003, "volume": 462173, "typical_volume": 528411.05, "trend": 47.975377, "fair_value": 60.039283, "relative_strength": -22.573671, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.507443, "energy": 46.714944, "activity_lines": [ 44.837813, 45.223754, 45.679245, 46.283009 ] }, { "date": "2025-09-19", "close": 44.74221, "volume": 406090, "typical_volume": 525046.0, "trend": 47.591828, "fair_value": 60.075572, "relative_strength": -22.105897, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.60527, "energy": 44.22258, "activity_lines": [ 44.745397, 45.095129, 45.546597, 46.074417 ] }, { "date": "2025-09-26", "close": 43.547173, "volume": 600152, "typical_volume": 495627.4, "trend": 47.162327, "fair_value": 60.097735, "relative_strength": -23.71367, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.049461, "energy": 56.977218, "activity_lines": [ 44.350238, 44.765737, 45.307739, 45.813472 ] }, { "date": "2025-10-03", "close": 42.734547, "volume": 449290, "typical_volume": 479897.35, "trend": 46.629272, "fair_value": 60.090508, "relative_strength": -27.893631, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.008479, "energy": 72.745539, "activity_lines": [ 43.760686, 44.331008, 45.009586, 45.527809 ] }, { "date": "2025-10-10", "close": 43.594971, "volume": 336000, "typical_volume": 466478.35, "trend": 46.283948, "fair_value": 60.096669, "relative_strength": -27.341208, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.535069, "energy": 65.496985, "activity_lines": [ 43.572666, 44.113243, 44.820591, 45.332047 ] }, { "date": "2025-10-17", "close": 42.734547, "volume": 907382, "typical_volume": 498988.65, "trend": 45.885474, "fair_value": 60.084943, "relative_strength": -28.22444, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.788709, "energy": 72.161121, "activity_lines": [ 43.206188, 43.771405, 44.570581, 45.103054 ] }, { "date": "2025-10-24", "close": 42.686749, "volume": 308119, "typical_volume": 497172.95, "trend": 45.555756, "fair_value": 60.078253, "relative_strength": -28.369965, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.409291, "energy": 68.465419, "activity_lines": [ 42.944874, 43.488073, 44.336239, 44.896684 ] }, { "date": "2025-10-31", "close": 42.399937, "volume": 418000, "typical_volume": 494107.1, "trend": 45.253182, "fair_value": 60.085751, "relative_strength": -30.095987, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.66527, "energy": 64.709789, "activity_lines": [ 42.724987, 43.216039, 44.091098, 44.693083 ] }, { "date": "2025-11-07", "close": 42.447739, "volume": 945270, "typical_volume": 521956.7, "trend": 45.186188, "fair_value": 60.110144, "relative_strength": -27.968017, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.467529, "energy": 62.46054, "activity_lines": [ 42.597517, 42.994414, 43.874946, 44.512087 ] }, { "date": "2025-11-14", "close": 42.830151, "volume": 946294, "typical_volume": 543451.85, "trend": 45.145704, "fair_value": 60.128273, "relative_strength": -26.181726, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.922764, "energy": 46.472555, "activity_lines": [ 42.616638, 42.878821, 43.707844, 44.360084 ] }, { "date": "2025-11-21", "close": 40.870289, "volume": 833578, "typical_volume": 567950.3, "trend": 45.042951, "fair_value": 60.128215, "relative_strength": -26.459009, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.794756, "energy": 56.927247, "activity_lines": [ 42.033459, 42.450346, 43.371231, 44.084251 ] }, { "date": "2025-11-28", "close": 41.969723, "volume": 371924, "typical_volume": 566640.1, "trend": 44.897321, "fair_value": 60.117491, "relative_strength": -27.180713, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.457606, "energy": 48.00219, "activity_lines": [ 41.941043, 42.28869, 43.163182, 43.885978 ] }, { "date": "2025-12-05", "close": 41.778519, "volume": 258100, "typical_volume": 552639.35, "trend": 44.711672, "fair_value": 60.103011, "relative_strength": -27.731129, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.151292, "energy": 47.857749, "activity_lines": [ 41.832693, 42.142678, 42.95445, 43.684765 ] }, { "date": "2025-12-12", "close": 41.252701, "volume": 343001, "typical_volume": 549885.95, "trend": 44.471791, "fair_value": 60.055356, "relative_strength": -28.497083, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.673927, "energy": 54.237547, "activity_lines": [ 41.590499, 41.933221, 42.715171, 43.461606 ] }, { "date": "2025-12-19", "close": 41.204899, "volume": 280030, "typical_volume": 542267.7, "trend": 44.245611, "fair_value": 59.979279, "relative_strength": -26.660486, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.224775, "energy": 47.717167, "activity_lines": [ 41.412039, 41.742015, 42.494246, 43.250839 ] }, { "date": "2025-12-26", "close": 41.252701, "volume": 300353, "typical_volume": 525015.45, "trend": 44.054669, "fair_value": 59.923752, "relative_strength": -28.09783, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.724264, "energy": 47.171453, "activity_lines": [ 41.357864, 41.602956, 42.297733, 43.057748 ] }, { "date": "2026-01-02", "close": 41.204899, "volume": 417207, "typical_volume": 503961.25, "trend": 43.889662, "fair_value": 59.860608, "relative_strength": -29.493326, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.506272, "energy": 46.073839, "activity_lines": [ 41.262261, 41.482148, 42.121323, 42.873892 ] }, { "date": "2026-01-09", "close": 40.535679, "volume": 611198, "typical_volume": 506571.15, "trend": 43.656468, "fair_value": 59.783615, "relative_strength": -32.098552, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.918301, "energy": 49.357641, "activity_lines": [ 40.994573, 41.266607, 41.90485, 42.657506 ] }, { "date": "2026-01-16", "close": 39.962059, "volume": 591359, "typical_volume": 514829.2, "trend": 43.485207, "fair_value": 59.679889, "relative_strength": -34.822278, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.902459, "energy": 57.880828, "activity_lines": [ 40.618534, 40.980667, 41.653551, 42.419157 ] }, { "date": "2026-01-23", "close": 39.627449, "volume": 1156587, "typical_volume": 547105.35, "trend": 43.258442, "fair_value": 59.58414, "relative_strength": -35.752733, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.373016, "energy": 59.876234, "activity_lines": [ 40.217001, 40.679083, 41.39178, 42.170269 ] }, { "date": "2026-01-30", "close": 38.384613, "volume": 686850, "typical_volume": 558339.2, "trend": 43.008601, "fair_value": 59.464678, "relative_strength": -37.172313, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.90938, "energy": 75.689333, "activity_lines": [ 39.506353, 40.209759, 41.038277, 41.855828 ] }, { "date": "2026-02-06", "close": 38.623619, "volume": 927060, "typical_volume": 584387.7, "trend": 42.774374, "fair_value": 59.333816, "relative_strength": -35.458608, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.72022, "energy": 72.963219, "activity_lines": [ 39.066579, 39.829086, 40.7369, 41.572926 ] }, { "date": "2026-02-13", "close": 39.388443, "volume": 370373, "typical_volume": 572898.75, "trend": 42.557994, "fair_value": 59.160057, "relative_strength": -36.951146, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.442532, "energy": 63.643724, "activity_lines": [ 39.053832, 39.648309, 40.5375, 41.354479 ] }, { "date": "2026-02-27", "close": 39.197235, "volume": 469511, "typical_volume": 573909.8, "trend": 42.329123, "fair_value": 58.88554, "relative_strength": -39.673251, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.009083, "energy": 63.106565, "activity_lines": [ 39.053832, 39.476223, 40.339692, 41.137656 ] }, { "date": "2026-03-06", "close": 38.241203, "volume": 677480, "typical_volume": 590983.8, "trend": 42.091325, "fair_value": 58.578465, "relative_strength": -37.10194, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.642421, "energy": 54.321773, "activity_lines": [ 38.786142, 39.167686, 40.067679, 40.873919 ] }, { "date": "2026-03-13", "close": 38.241203, "volume": 597120, "typical_volume": 575470.7, "trend": 41.818352, "fair_value": 58.292759, "relative_strength": -35.73209, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.982397, "energy": 49.213593, "activity_lines": [ 38.610869, 38.913034, 39.821159, 40.625524 ] }, { "date": "2026-03-20", "close": 37.810989, "volume": 423085, "typical_volume": 581219.0, "trend": 41.53951, "fair_value": 58.042534, "relative_strength": -35.806236, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.494351, "energy": 51.711654, "activity_lines": [ 38.301752, 38.634915, 39.555064, 40.366985 ] }, { "date": "2026-03-27", "close": 37.858791, "volume": 481170, "typical_volume": 584377.5, "trend": 41.311656, "fair_value": 57.812296, "relative_strength": -33.933465, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.251535, "energy": 50.771077, "activity_lines": [ 38.062744, 38.427196, 39.316739, 40.129519 ] }, { "date": "2026-04-03", "close": 38.049999, "volume": 291055, "typical_volume": 551666.75, "trend": 41.098142, "fair_value": 57.564727, "relative_strength": -31.535722, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.785795, "energy": 46.548032, "activity_lines": [ 37.989449, 38.302912, 39.118249, 39.91909 ] }, { "date": "2026-04-10", "close": 39.388443, "volume": 613433, "typical_volume": 535023.7, "trend": 40.903749, "fair_value": 57.302121, "relative_strength": -33.848304, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.191999, "energy": 36.449885, "activity_lines": [ 38.438784, 38.456746, 39.068171, 39.808786 ] }, { "date": "2026-04-17", "close": 39.675251, "volume": 2728861, "typical_volume": 629787.85, "trend": 40.741224, "fair_value": 57.066657, "relative_strength": -34.985526, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.619002, "energy": 20.283095, "activity_lines": [ 38.90724, 38.667073, 39.061798, 39.729528 ] }, { "date": "2026-04-24", "close": 37.858791, "volume": 888212, "typical_volume": 655602.25, "trend": 40.511777, "fair_value": 56.750383, "relative_strength": -40.456376, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.399512, "energy": 21.84045, "activity_lines": [ 38.674605, 38.523668, 38.888119, 39.543565 ] }, { "date": "2026-05-01", "close": 37.906597, "volume": 420503, "typical_volume": 663722.4, "trend": 40.323758, "fair_value": 56.494022, "relative_strength": -39.490298, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.190237, "energy": 21.72057, "activity_lines": [ 38.454719, 38.402861, 38.738568, 39.375489 ] }, { "date": "2026-05-08", "close": 38.336807, "volume": 1103802, "typical_volume": 701762.45, "trend": 40.177167, "fair_value": 56.269098, "relative_strength": -41.832765, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.839417, "energy": 25.297346, "activity_lines": [ 38.375049, 38.387217, 38.648428, 39.247298 ] }, { "date": "2026-05-15", "close": 37.763191, "volume": 657359, "typical_volume": 720628.9, "trend": 39.982774, "fair_value": 56.04837, "relative_strength": -41.140304, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.427972, "energy": 34.574383, "activity_lines": [ 38.085054, 38.282923, 38.517543, 39.091558 ] }, { "date": "2026-05-22", "close": 37.524181, "volume": 584034, "typical_volume": 734812.95, "trend": 39.809095, "fair_value": 55.836231, "relative_strength": -42.077991, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.222164, "energy": 40.811493, "activity_lines": [ 37.823738, 38.143864, 38.380285, 38.932939 ] }, { "date": "2026-05-29", "close": 37.093967, "volume": 773094, "typical_volume": 752607.3, "trend": 39.622669, "fair_value": 55.593218, "relative_strength": -44.93888, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.418716, "energy": 44.54346, "activity_lines": [ 37.562423, 37.939621, 38.219808, 38.75777 ] }, { "date": "2026-06-05", "close": 38.289005, "volume": 932209, "typical_volume": 768657.85, "trend": 39.485638, "fair_value": 55.331999, "relative_strength": -42.600823, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.837774, "energy": 36.0752, "activity_lines": [ 37.750442, 37.965694, 38.19272, 38.671727 ] }, { "date": "2026-06-12", "close": 38.384613, "volume": 662500, "typical_volume": 772214.9, "trend": 39.3502, "fair_value": 55.062957, "relative_strength": -40.303798, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.777467, "energy": 26.591542, "activity_lines": [ 37.944836, 38.001328, 38.185436, 38.600693 ] }, { "date": "2026-06-19", "close": 38.623619, "volume": 421345, "typical_volume": 735452.8, "trend": 39.209983, "fair_value": 54.759458, "relative_strength": -41.88545, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.846438, "energy": 15.01357, "activity_lines": [ 38.215712, 38.074335, 38.208427, 38.553817 ] }, { "date": "2026-06-26", "close": 37.571983, "volume": 797194, "typical_volume": 740970.0, "trend": 39.100039, "fair_value": 54.439096, "relative_strength": -40.097555, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.514878, "energy": 16.945953, "activity_lines": [ 38.07868, 37.97004, 38.136042, 38.448139 ] }, { "date": "2026-07-03", "close": 38.336807, "volume": 456024, "typical_volume": 717418.2, "trend": 38.978942, "fair_value": 54.03535, "relative_strength": -40.763, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.645611, "energy": 13.378695, "activity_lines": [ 38.193404, 38.043046, 38.140366, 38.398899 ] }, { "date": "2026-07-10", "close": 37.810989, "volume": 0, "typical_volume": 698899.55, "trend": 38.846691, "fair_value": 53.752118, "relative_strength": -38.715278, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.484316, "energy": 15.257008, "activity_lines": [ 38.049998, 38.011757, 38.095979, 38.323547 ] }, { "date": "2026-07-17", "close": 37.858791, "volume": 843745, "typical_volume": 717611.25, "trend": 38.733561, "fair_value": 53.503966, "relative_strength": -33.730491, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.428529, "energy": 22.699897, "activity_lines": [ 37.954394, 37.990898, 38.063656, 38.259811 ] }, { "date": "2026-07-24", "close": 38.097797, "volume": 518150, "typical_volume": 709644.75, "trend": 38.62999, "fair_value": 53.27901, "relative_strength": -33.778403, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.02374, "energy": 18.959553, "activity_lines": [ 37.973514, 38.022186, 38.060469, 38.218794 ] }, { "date": "2026-07-31", "close": 38.599998, "volume": 1052784, "typical_volume": 732427.95, "trend": 38.541567, "fair_value": 53.052712, "relative_strength": -30.988957, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.248795, "energy": 6.233309, "activity_lines": [ 38.195089, 38.138699, 38.105794, 38.216859 ] }, { "date": "2026-08-07", "close": 38.349998, "volume": 517335, "typical_volume": 737140.45, "trend": 38.446404, "fair_value": 52.761533, "relative_strength": -32.074182, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.899086, "energy": 8.230161, "activity_lines": [ 38.264796, 38.190198, 38.1256, 38.2045 ] }, { "date": "2026-08-14", "close": 38.400002, "volume": 328000, "typical_volume": 729481.95, "trend": 38.375214, "fair_value": 52.513431, "relative_strength": -33.238063, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.188831, "energy": 10.449847, "activity_lines": [ 38.350292, 38.227951, 38.147602, 38.201506 ] } ], "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." } } }