{ "ticker": { "uuid": "498d20af-3b06-4544-91b2-8da54c782bd9", "symbol": "603136", "name": "Jiangsu Tianmu Lake Tourism Co.,Ltd", "exchange": "SHH", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "000001.SS", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -49.325, "architecture_energy": 47.33, "architecture_maturity": 97.837, "architecture_confidence": 63.278, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 21.16, "rotation_up": 27.51, "upward_expansion": 20.27, "deceleration": 66.66, "rotation_down": 40.69, "downward_expansion": 67.94 }, "activity_lines": [ 8.738667, 8.701455, 9.106635, 9.621772 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 8.91, "trend_reference": 10.301497, "distance_from_trend": -0.135077, "trend_direction": "Weakening", "fair_value": 11.490295, "distance_from_fair_value": -0.224563, "fair_value_direction": "Weakening", "relative_strength": -18.319686, "relative_strength_direction": "Improving", "price_momentum": -0.258893, "excess_performance": -0.215689, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.135077, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.079915, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.224563, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.073565, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.183197, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.015191, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.258893, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.480797, "read": "Supply-led" } ], "volume": { "latest": 14580849, "relative_activity": 0.866529, "balance": 0.480797, "dry_up": 0.918063, "accumulation_observations": 0, "distribution_observations": 0 }, "risk": { "range_context": 0.057647, "annualized_volatility": 0.236403, "from_high_reference": -0.344323, "from_low_reference": 0.082625 }, "levels": { "trend_reference": 10.301497, "fair_value_reference": 11.490295, "structural_low": 8.23, "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": 25, "median_return": 0.0, "positive_rate": 0.48, "directional_follow_through": 0.48, "median_excess_return": 0.004545, "regime_survival": 0.8, "best_return": 0.371849, "worst_return": -0.216424, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.072468, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.046931, "regime_survival": 0.5, "best_return": 0.403883, "worst_return": -0.223074, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.13996, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.146439, "regime_survival": 0.4, "best_return": 0.139804, "worst_return": -0.248459, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.123027, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.009474, "regime_survival": 0.0, "best_return": 0.666008, "worst_return": -0.353645, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-14", "end": "2024-09-27", "tenure": "Established", "return": -0.002671, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-04", "end": "2024-11-22", "tenure": "Developing", "return": -0.101461, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-29", "end": "2024-12-13", "tenure": "New", "return": 0.115955, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-20", "end": "2025-01-03", "tenure": "New", "return": -0.086739, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-10", "end": "2025-04-04", "tenure": "Established", "return": 0.138734, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-04-11", "end": "2025-05-16", "tenure": "Developing", "return": -0.059109, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-06-27", "tenure": "Developing", "return": 0.201891, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-04", "end": "2025-08-08", "tenure": "Developing", "return": -0.058475, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-15", "end": "2025-08-29", "tenure": "New", "return": 0.03352, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-05", "end": "2025-10-10", "tenure": "Developing", "return": -0.154412, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-17", "end": "2025-11-21", "tenure": "Developing", "return": 0.003591, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-28", "end": "2026-01-02", "tenure": "Developing", "return": 0.038801, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-09", "end": "2026-04-03", "tenure": "Developing", "return": -0.076988, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-10", "end": "2026-08-07", "tenure": "Established", "return": -0.193192, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 16.081434, "volume": 15856150, "typical_volume": 16702230.85, "trend": 17.832907, "fair_value": 13.900805, "relative_strength": -9.833234, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.824197, "energy": 64.110205, "activity_lines": [ 16.370238, 16.75082, 17.237053, 17.605355 ] }, { "date": "2023-08-04", "close": 15.406552, "volume": 16989603, "typical_volume": 16831660.2, "trend": 17.764776, "fair_value": 13.916631, "relative_strength": -13.849671, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.46846, "energy": 74.423408, "activity_lines": [ 15.997019, 16.461819, 17.009706, 17.448816 ] }, { "date": "2023-08-11", "close": 15.233012, "volume": 12412843, "typical_volume": 16822277.1, "trend": 17.728354, "fair_value": 13.937565, "relative_strength": -12.302621, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.235802, "energy": 79.319101, "activity_lines": [ 15.644367, 16.164521, 16.783063, 17.285476 ] }, { "date": "2023-08-18", "close": 14.853793, "volume": 12081682, "typical_volume": 16161973.25, "trend": 17.659795, "fair_value": 13.955465, "relative_strength": -12.962406, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.660119, "energy": 81.200759, "activity_lines": [ 15.295144, 15.842215, 16.537535, 17.100021 ] }, { "date": "2023-08-25", "close": 14.51314, "volume": 9738171, "typical_volume": 15446862.7, "trend": 17.554814, "fair_value": 13.967839, "relative_strength": -13.146584, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.323731, "energy": 85.018444, "activity_lines": [ 14.97163, 15.516286, 16.281019, 16.897011 ] }, { "date": "2023-09-01", "close": 15.1366, "volume": 11856310, "typical_volume": 14248115.3, "trend": 17.452189, "fair_value": 13.986236, "relative_strength": -11.430228, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.826051, "energy": 77.090536, "activity_lines": [ 14.944634, 15.37161, 16.110662, 16.740997 ] }, { "date": "2023-09-08", "close": 15.053043, "volume": 14972026, "typical_volume": 13938628.05, "trend": 17.358134, "fair_value": 13.996427, "relative_strength": -11.428925, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.523198, "energy": 63.013566, "activity_lines": [ 14.952776, 15.239906, 15.95622, 16.586214 ] }, { "date": "2023-09-15", "close": 15.027334, "volume": 15924051, "typical_volume": 13648213.6, "trend": 17.266008, "fair_value": 14.009439, "relative_strength": -11.600035, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.562102, "energy": 51.541041, "activity_lines": [ 14.975914, 15.131341, 15.816438, 16.435839 ] }, { "date": "2023-09-22", "close": 13.953952, "volume": 28762645, "typical_volume": 14627763.1, "trend": 17.135102, "fair_value": 14.00831, "relative_strength": -18.199751, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.658557, "energy": 57.437427, "activity_lines": [ 14.654971, 14.866765, 15.590866, 16.222158 ] }, { "date": "2023-09-29", "close": 13.902533, "volume": 14488130, "typical_volume": 14496824.55, "trend": 16.950421, "fair_value": 14.016606, "relative_strength": -17.733011, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.369164, "energy": 59.193176, "activity_lines": [ 14.376877, 14.64718, 15.375241, 16.013605 ] }, { "date": "2023-10-13", "close": 12.327812, "volume": 24455368, "typical_volume": 15084484.05, "trend": 16.709392, "fair_value": 14.016724, "relative_strength": -26.21845, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.559331, "energy": 85.736712, "activity_lines": [ 13.614584, 14.176575, 15.024212, 15.715373 ] }, { "date": "2023-10-20", "close": 11.775053, "volume": 12127781, "typical_volume": 15221637.7, "trend": 16.467721, "fair_value": 14.015491, "relative_strength": -26.623046, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.995309, "energy": 94.086537, "activity_lines": [ 12.85529, 13.673716, 14.643891, 15.397028 ] }, { "date": "2023-10-27", "close": 12.295674, "volume": 13483195, "typical_volume": 15094107.5, "trend": 16.249188, "fair_value": 14.019075, "relative_strength": -23.910032, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.084744, "energy": 89.44346, "activity_lines": [ 12.488069, 13.331543, 14.336538, 15.127864 ] }, { "date": "2023-11-03", "close": 12.33424, "volume": 14621967, "typical_volume": 14917533.95, "trend": 16.015015, "fair_value": 14.026222, "relative_strength": -23.581859, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.116763, "energy": 87.656349, "activity_lines": [ 12.315814, 13.049788, 14.058352, 14.875287 ] }, { "date": "2023-11-10", "close": 12.134989, "volume": 15302778, "typical_volume": 15194239.0, "trend": 15.748277, "fair_value": 14.031954, "relative_strength": -24.448146, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.404239, "energy": 86.495378, "activity_lines": [ 12.185123, 12.777615, 13.788461, 14.624962 ] }, { "date": "2023-11-17", "close": 12.462788, "volume": 12536512, "typical_volume": 15273521.75, "trend": 15.492037, "fair_value": 14.041239, "relative_strength": -22.024389, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.630873, "energy": 64.867241, "activity_lines": [ 12.281534, 12.608282, 13.578896, 14.412995 ] }, { "date": "2023-11-24", "close": 12.443506, "volume": 13508425, "typical_volume": 15086827.2, "trend": 15.285288, "fair_value": 14.04747, "relative_strength": -21.191496, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.322324, "energy": 62.182144, "activity_lines": [ 12.36252, 12.484057, 13.387604, 14.216316 ] }, { "date": "2023-12-01", "close": 12.539917, "volume": 14096275, "typical_volume": 15063560.9, "trend": 15.087323, "fair_value": 14.0484, "relative_strength": -19.888819, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.447865, "energy": 53.554265, "activity_lines": [ 12.431079, 12.424808, 13.225204, 14.039195 ] }, { "date": "2023-12-08", "close": 11.775053, "volume": 20127354, "typical_volume": 15661390.15, "trend": 14.910782, "fair_value": 14.046099, "relative_strength": -22.747992, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.28829, "energy": 60.404237, "activity_lines": [ 12.228401, 12.271718, 13.012058, 13.8255 ] }, { "date": "2023-12-15", "close": 12.057861, "volume": 15521602, "typical_volume": 15443143.4, "trend": 14.747312, "fair_value": 14.035363, "relative_strength": -19.55977, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.43903, "energy": 56.464789, "activity_lines": [ 12.157271, 12.209664, 12.850454, 13.641441 ] }, { "date": "2023-12-22", "close": 11.460108, "volume": 15619407, "typical_volume": 15431306.25, "trend": 14.554917, "fair_value": 14.024961, "relative_strength": -22.284134, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.713061, "energy": 62.05469, "activity_lines": [ 11.892032, 12.072468, 12.649949, 13.429363 ] }, { "date": "2023-12-29", "close": 11.80719, "volume": 15349550, "typical_volume": 15349303.6, "trend": 14.392303, "fair_value": 14.022853, "relative_strength": -20.973729, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.302192, "energy": 60.987682, "activity_lines": [ 11.809333, 12.014153, 12.504505, 13.252091 ] }, { "date": "2024-01-05", "close": 12.687749, "volume": 40387297, "typical_volume": 16748026.3, "trend": 14.226904, "fair_value": 14.02771, "relative_strength": -13.244416, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.592661, "energy": 46.988553, "activity_lines": [ 12.062574, 12.115356, 12.460064, 13.142119 ] }, { "date": "2024-01-12", "close": 12.469215, "volume": 56108212, "typical_volume": 18949352.8, "trend": 14.040508, "fair_value": 14.029509, "relative_strength": -12.898667, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.081433, "energy": 36.521697, "activity_lines": [ 12.233115, 12.169697, 12.406931, 13.02872 ] }, { "date": "2024-01-19", "close": 13.401193, "volume": 76560257, "typical_volume": 22290457.1, "trend": 13.878966, "fair_value": 14.040594, "relative_strength": -4.583885, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.468564, "energy": 17.377885, "activity_lines": [ 12.668037, 12.391035, 12.453912, 12.987474 ] }, { "date": "2024-01-26", "close": 12.514208, "volume": 39318215, "typical_volume": 23663552.35, "trend": 13.739919, "fair_value": 14.04967, "relative_strength": -12.950605, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.656882, "energy": 17.736751, "activity_lines": [ 12.717743, 12.42808, 12.421714, 12.899425 ] }, { "date": "2024-02-02", "close": 10.88164, "volume": 28095041, "typical_volume": 24319703.1, "trend": 13.549881, "fair_value": 14.05482, "relative_strength": -18.86451, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.866984, "energy": 31.688748, "activity_lines": [ 12.152986, 12.16736, 12.24652, 12.71502 ] }, { "date": "2024-02-09", "close": 11.164448, "volume": 28344686, "typical_volume": 24940734.85, "trend": 13.349345, "fair_value": 14.067003, "relative_strength": -20.172013, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.652855, "energy": 35.833131, "activity_lines": [ 11.744202, 11.986457, 12.118125, 12.561121 ] }, { "date": "2024-02-23", "close": 11.620795, "volume": 21372992, "typical_volume": 24571252.2, "trend": 13.171948, "fair_value": 14.082054, "relative_strength": -20.244604, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.766699, "energy": 38.085407, "activity_lines": [ 11.589086, 11.913535, 12.051586, 12.449602 ] }, { "date": "2024-03-01", "close": 11.350842, "volume": 22881919, "typical_volume": 24990941.65, "trend": 13.022189, "fair_value": 14.084459, "relative_strength": -22.120879, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.194074, "energy": 49.895526, "activity_lines": [ 11.400548, 11.794335, 11.970447, 12.332111 ] }, { "date": "2024-03-08", "close": 11.839328, "volume": 30484045, "typical_volume": 25292375.5, "trend": 12.880786, "fair_value": 14.091454, "relative_strength": -18.761342, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.658172, "energy": 34.077001, "activity_lines": [ 11.511529, 11.776806, 11.947982, 12.255797 ] }, { "date": "2024-03-15", "close": 12.758451, "volume": 32870085, "typical_volume": 26329490.7, "trend": 12.792516, "fair_value": 14.100074, "relative_strength": -12.113398, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.980227, "energy": 11.909561, "activity_lines": [ 11.973875, 11.919495, 12.015378, 12.247905 ] }, { "date": "2024-03-22", "close": 13.047686, "volume": 24838047, "typical_volume": 26897233.3, "trend": 12.719671, "fair_value": 14.106284, "relative_strength": -9.274877, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.161486, "energy": 11.281024, "activity_lines": [ 12.407513, 12.097477, 12.105638, 12.264367 ] }, { "date": "2024-03-29", "close": 12.931992, "volume": 19208278, "typical_volume": 27126548.85, "trend": 12.655611, "fair_value": 14.111723, "relative_strength": -9.284497, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.881632, "energy": 18.238723, "activity_lines": [ 12.677037, 12.247879, 12.181298, 12.278065 ] }, { "date": "2024-04-05", "close": 12.912708, "volume": 19379436, "typical_volume": 27330381.75, "trend": 12.602264, "fair_value": 14.113587, "relative_strength": -9.669697, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.136217, "energy": 20.91956, "activity_lines": [ 12.85272, 12.386361, 12.252275, 12.294652 ] }, { "date": "2024-04-12", "close": 14.0825, "volume": 72638215, "typical_volume": 30335466.9, "trend": 12.567127, "fair_value": 14.121322, "relative_strength": 0.659075, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 41.112307, "energy": 46.931274, "activity_lines": [ 13.314209, 12.746414, 12.430957, 12.390151 ] }, { "date": "2024-04-19", "close": 12.321384, "volume": 59921116, "typical_volume": 32656101.45, "trend": 12.476072, "fair_value": 14.113306, "relative_strength": -12.506778, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.151801, "energy": 29.275231, "activity_lines": [ 13.039114, 12.757749, 12.434202, 12.374297 ] }, { "date": "2024-04-26", "close": 12.295674, "volume": 46326511, "typical_volume": 34267613.25, "trend": 12.385016, "fair_value": 14.104535, "relative_strength": -12.598177, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.36826, "energy": 13.657674, "activity_lines": [ 12.784588, 12.738233, 12.435579, 12.362659 ] }, { "date": "2024-05-03", "close": 11.813619, "volume": 16553309, "typical_volume": 34088911.0, "trend": 12.313672, "fair_value": 14.090401, "relative_strength": -15.807433, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 19.914935, "energy": 9.087524, "activity_lines": [ 12.41951, 12.610502, 12.392209, 12.325794 ] }, { "date": "2024-05-10", "close": 11.852182, "volume": 22787992, "typical_volume": 34452230.5, "trend": 12.245327, "fair_value": 14.090041, "relative_strength": -16.221119, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -4.243899, "energy": 13.664498, "activity_lines": [ 12.141845, 12.486278, 12.352328, 12.296021 ] }, { "date": "2024-05-17", "close": 11.601512, "volume": 20391118, "typical_volume": 34690816.05, "trend": 12.221117, "fair_value": 14.085128, "relative_strength": -17.469395, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -11.099453, "energy": 20.012459, "activity_lines": [ 11.851325, 12.307361, 12.289554, 12.254484 ] }, { "date": "2024-05-24", "close": 11.595084, "volume": 37425940, "typical_volume": 35794635.55, "trend": 12.215118, "fair_value": 14.081689, "relative_strength": -15.252479, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -31.159322, "energy": 35.767606, "activity_lines": [ 11.724062, 12.1316, 12.225494, 12.214095 ] }, { "date": "2024-05-31", "close": 11.87867, "volume": 24923817, "typical_volume": 35021461.55, "trend": 12.201218, "fair_value": 14.082144, "relative_strength": -12.590676, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.153696, "energy": 42.674256, "activity_lines": [ 11.739747, 12.028552, 12.189452, 12.192389 ] }, { "date": "2024-06-07", "close": 10.784833, "volume": 23228577, "typical_volume": 33377479.8, "trend": 12.149571, "fair_value": 14.084821, "relative_strength": -19.129286, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -70.421374, "energy": 56.845901, "activity_lines": [ 11.41862, 11.747879, 12.053087, 12.101009 ] }, { "date": "2024-06-14", "close": 10.775238, "volume": 10489344, "typical_volume": 30073934.15, "trend": 12.104246, "fair_value": 14.086931, "relative_strength": -18.015045, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.372078, "energy": 62.672662, "activity_lines": [ 11.162881, 11.504501, 11.92383, 12.012342 ] }, { "date": "2024-06-21", "close": 10.410626, "volume": 11928874, "typical_volume": 28704467.1, "trend": 12.03584, "fair_value": 14.088837, "relative_strength": -19.118143, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.217504, "energy": 70.305863, "activity_lines": [ 10.8574, 11.233693, 11.772353, 11.903077 ] }, { "date": "2024-06-28", "close": 10.487388, "volume": 15549275, "typical_volume": 28077178.8, "trend": 11.970636, "fair_value": 14.088485, "relative_strength": -16.918508, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.681229, "energy": 71.84929, "activity_lines": [ 10.6569, 11.043604, 11.638203, 11.803176 ] }, { "date": "2024-07-05", "close": 9.806139, "volume": 16777871, "typical_volume": 27498838.05, "trend": 11.879511, "fair_value": 14.08399, "relative_strength": -21.180636, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.115013, "energy": 76.874863, "activity_lines": [ 10.303162, 10.762996, 11.44105, 11.663531 ] }, { "date": "2024-07-12", "close": 9.921279, "volume": 17713455, "typical_volume": 27315861.2, "trend": 11.817718, "fair_value": 14.078634, "relative_strength": -20.158713, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.878387, "energy": 80.042049, "activity_lines": [ 10.125974, 10.548587, 11.26133, 11.537194 ] }, { "date": "2024-07-19", "close": 9.623833, "volume": 10375452, "typical_volume": 26690537.85, "trend": 11.736584, "fair_value": 14.073743, "relative_strength": -22.068815, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.557269, "energy": 87.279395, "activity_lines": [ 9.907207, 10.314502, 11.061376, 11.395653 ] }, { "date": "2024-07-26", "close": 9.403147, "volume": 10050720, "typical_volume": 25668871.6, "trend": 11.668018, "fair_value": 14.064884, "relative_strength": -20.71901, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.806758, "energy": 89.963715, "activity_lines": [ 9.691638, 10.080809, 10.848627, 11.245109 ] }, { "date": "2024-08-02", "close": 9.690998, "volume": 11473224, "typical_volume": 24599028.55, "trend": 11.597479, "fair_value": 14.061083, "relative_strength": -18.058301, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.599053, "energy": 83.31916, "activity_lines": [ 9.639185, 9.939423, 10.674894, 11.117559 ] }, { "date": "2024-08-09", "close": 9.902089, "volume": 21278829, "typical_volume": 24421067.65, "trend": 11.504623, "fair_value": 14.062303, "relative_strength": -14.425431, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.011299, "energy": 65.91631, "activity_lines": [ 9.710188, 9.871036, 10.535872, 11.008179 ] }, { "date": "2024-08-16", "close": 9.412742, "volume": 11529074, "typical_volume": 24037107.45, "trend": 11.402741, "fair_value": 14.060097, "relative_strength": -18.592762, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.044134, "energy": 58.662538, "activity_lines": [ 9.611679, 9.749615, 10.365224, 10.873219 ] }, { "date": "2024-08-23", "close": 9.028939, "volume": 8400264, "typical_volume": 23488148.85, "trend": 11.256999, "fair_value": 14.057656, "relative_strength": -20.613195, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.89596, "energy": 60.845835, "activity_lines": [ 9.419138, 9.583359, 10.174782, 10.72007 ] }, { "date": "2024-08-30", "close": 9.537477, "volume": 11845654, "typical_volume": 20448520.8, "trend": 11.157775, "fair_value": 14.063295, "relative_strength": -15.215726, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.29239, "energy": 51.372464, "activity_lines": [ 9.43577, 9.541315, 10.051266, 10.609133 ] }, { "date": "2024-09-06", "close": 9.863708, "volume": 22240605, "typical_volume": 18564495.25, "trend": 11.123844, "fair_value": 14.066452, "relative_strength": -9.378043, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.207642, "energy": 48.64914, "activity_lines": [ 9.552189, 9.574462, 9.980462, 10.525645 ] }, { "date": "2024-09-13", "close": 9.249626, "volume": 21315066, "typical_volume": 17313923.0, "trend": 11.060016, "fair_value": 14.066909, "relative_strength": -12.477124, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.29244, "energy": 48.567156, "activity_lines": [ 9.452401, 9.507296, 9.862878, 10.404728 ] }, { "date": "2024-09-20", "close": 9.470311, "volume": 10595841, "typical_volume": 17016049.6, "trend": 10.988334, "fair_value": 14.058645, "relative_strength": -10.859746, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.410607, "energy": 39.2913, "activity_lines": [ 9.469672, 9.490374, 9.780817, 10.302166 ] }, { "date": "2024-09-27", "close": 10.746453, "volume": 28208814, "typical_volume": 17287090.7, "trend": 10.968187, "fair_value": 14.050444, "relative_strength": -9.738996, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.482938, "energy": 14.849106, "activity_lines": [ 9.908485, 9.713677, 9.831451, 10.286561 ] }, { "date": "2024-10-04", "close": 11.821098, "volume": 17483950, "typical_volume": 17141732.3, "trend": 10.96758, "fair_value": 14.044601, "relative_strength": -7.702008, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 20.244216, "energy": 27.323532, "activity_lines": [ 10.591013, 10.111959, 9.989698, 10.341588 ] }, { "date": "2024-10-11", "close": 10.429817, "volume": 44839292, "typical_volume": 17512399.9, "trend": 10.889958, "fair_value": 14.030745, "relative_strength": -15.036625, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -4.102111, "energy": 22.83412, "activity_lines": [ 10.657539, 10.213317, 10.014397, 10.306893 ] }, { "date": "2024-10-18", "close": 11.15904, "volume": 31289328, "typical_volume": 17830675.45, "trend": 10.827004, "fair_value": 14.02729, "relative_strength": -10.05896, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.290772, "energy": 34.681898, "activity_lines": [ 10.929399, 10.433829, 10.114094, 10.324253 ] }, { "date": "2024-10-25", "close": 11.168636, "volume": 40457981, "typical_volume": 18692145.65, "trend": 10.768225, "fair_value": 14.026369, "relative_strength": -10.76825, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.712979, "energy": 37.745322, "activity_lines": [ 11.077163, 10.633232, 10.218132, 10.346294 ] }, { "date": "2024-11-01", "close": 10.631312, "volume": 29285085, "typical_volume": 19631932.7, "trend": 10.692178, "fair_value": 14.024682, "relative_strength": -13.982611, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.061922, "energy": 21.459844, "activity_lines": [ 10.932597, 10.703014, 10.269168, 10.337461 ] }, { "date": "2024-11-08", "close": 11.571628, "volume": 44964543, "typical_volume": 21283716.15, "trend": 10.608483, "fair_value": 14.029971, "relative_strength": -10.938346, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 40.017307, "energy": 31.979838, "activity_lines": [ 11.109146, 10.914628, 10.410444, 10.3942 ] }, { "date": "2024-11-15", "close": 10.861593, "volume": 33210656, "typical_volume": 22166785.2, "trend": 10.559823, "fair_value": 14.028812, "relative_strength": -13.026541, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.513376, "energy": 22.628353, "activity_lines": [ 11.065648, 10.960161, 10.478568, 10.41053 ] }, { "date": "2024-11-22", "close": 10.621717, "volume": 26272710, "typical_volume": 22641527.15, "trend": 10.504024, "fair_value": 14.033038, "relative_strength": -12.923015, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 13.019929, "energy": 12.775376, "activity_lines": [ 10.913407, 10.943937, 10.522066, 10.414523 ] }, { "date": "2024-11-29", "close": 11.00552, "volume": 23418501, "typical_volume": 22926779.45, "trend": 10.477088, "fair_value": 14.042031, "relative_strength": -11.024952, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 14.124945, "energy": 14.588986, "activity_lines": [ 10.924921, 10.972547, 10.598232, 10.446877 ] }, { "date": "2024-12-06", "close": 11.312561, "volume": 20351920, "typical_volume": 23425602.85, "trend": 10.4591, "fair_value": 14.054805, "relative_strength": -10.250653, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 54.990482, "energy": 27.401657, "activity_lines": [ 11.049657, 11.029071, 10.698478, 10.500779 ] }, { "date": "2024-12-13", "close": 12.281661, "volume": 56815417, "typical_volume": 25763837.7, "trend": 10.481772, "fair_value": 14.069877, "relative_strength": -2.036592, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 70.679093, "energy": 45.548913, "activity_lines": [ 11.452009, 11.251502, 10.882977, 10.618363 ] }, { "date": "2024-12-20", "close": 11.504462, "volume": 51164802, "typical_volume": 27748416.6, "trend": 10.478751, "fair_value": 14.078814, "relative_strength": -7.258076, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.384615, "energy": 45.500677, "activity_lines": [ 11.54796, 11.32425, 10.97975, 10.684343 ] }, { "date": "2024-12-27", "close": 11.264586, "volume": 25371163, "typical_volume": 27953033.3, "trend": 10.458282, "fair_value": 14.087738, "relative_strength": -9.756833, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.974745, "energy": 43.567063, "activity_lines": [ 11.521094, 11.333845, 11.045042, 10.735042 ] }, { "date": "2025-01-03", "close": 10.506577, "volume": 24336479, "typical_volume": 28593403.55, "trend": 10.449007, "fair_value": 14.092255, "relative_strength": -10.556634, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 32.506977, "energy": 21.226095, "activity_lines": [ 11.1987, 11.203701, 11.031655, 10.738158 ] }, { "date": "2025-01-10", "close": 10.30508, "volume": 14881318, "typical_volume": 28917456.25, "trend": 10.433335, "fair_value": 14.091279, "relative_strength": -10.576672, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.838171, "energy": 13.286481, "activity_lines": [ 10.842403, 11.048959, 10.993868, 10.728872 ] }, { "date": "2025-01-17", "close": 11.015114, "volume": 13199157, "typical_volume": 28985131.4, "trend": 10.453484, "fair_value": 14.096213, "relative_strength": -6.115367, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.451698, "energy": 17.77847, "activity_lines": [ 10.78995, 11.029245, 11.017627, 10.766407 ] }, { "date": "2025-01-24", "close": 11.015114, "volume": 9773033, "typical_volume": 28361752.8, "trend": 10.471075, "fair_value": 14.101189, "relative_strength": -5.753648, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.552286, "energy": 14.349013, "activity_lines": [ 10.821934, 11.01965, 11.03435, 10.802641 ] }, { "date": "2025-01-31", "close": 11.00552, "volume": 2244675, "typical_volume": 27408233.25, "trend": 10.511055, "fair_value": 14.09914, "relative_strength": -5.313707, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.682269, "energy": 10.566577, "activity_lines": [ 10.883342, 11.005519, 11.044676, 10.837121 ] }, { "date": "2025-02-07", "close": 10.938354, "volume": 6868289, "typical_volume": 27221855.65, "trend": 10.544957, "fair_value": 14.097031, "relative_strength": -7.065956, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.340425, "energy": 9.606391, "activity_lines": [ 10.939633, 10.972198, 11.040244, 10.864689 ] }, { "date": "2025-02-14", "close": 11.053495, "volume": 11782590, "typical_volume": 26400544.45, "trend": 10.592612, "fair_value": 14.09941, "relative_strength": -6.99832, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.229404, "energy": 14.88859, "activity_lines": [ 11.00552, 10.961033, 11.039787, 10.897498 ] }, { "date": "2025-02-21", "close": 10.995925, "volume": 11823434, "typical_volume": 26117518.65, "trend": 10.645705, "fair_value": 14.096723, "relative_strength": -8.064196, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.347058, "energy": 13.973816, "activity_lines": [ 11.002321, 10.944111, 11.032386, 10.923518 ] }, { "date": "2025-02-28", "close": 10.583337, "volume": 24939110, "typical_volume": 25122509.55, "trend": 10.67545, "fair_value": 14.092792, "relative_strength": -9.686387, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.078809, "energy": 4.987907, "activity_lines": [ 10.862873, 10.87555, 10.989619, 10.919494 ] }, { "date": "2025-03-07", "close": 10.746453, "volume": 15151351, "typical_volume": 24315610.7, "trend": 10.703595, "fair_value": 14.075692, "relative_strength": -9.352862, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.359167, "energy": 8.459647, "activity_lines": [ 10.806582, 10.853394, 10.961656, 10.924075 ] }, { "date": "2025-03-14", "close": 11.331752, "volume": 19056681, "typical_volume": 23245545.7, "trend": 10.767562, "fair_value": 14.058966, "relative_strength": -5.28287, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.697591, "energy": 14.650379, "activity_lines": [ 10.962662, 10.947077, 10.991401, 10.964601 ] }, { "date": "2025-03-21", "close": 11.341346, "volume": 24549708, "typical_volume": 23008776.85, "trend": 10.844642, "fair_value": 14.049181, "relative_strength": -3.176364, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 51.736316, "energy": 24.517181, "activity_lines": [ 11.095713, 11.027501, 11.021283, 11.00162 ] }, { "date": "2025-03-28", "close": 11.293371, "volume": 37649868, "typical_volume": 22643043.1, "trend": 10.903172, "fair_value": 14.033939, "relative_strength": -2.72263, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 50.43915, "energy": 36.67288, "activity_lines": [ 11.193583, 11.080361, 11.043214, 11.03057 ] }, { "date": "2025-04-04", "close": 11.734743, "volume": 21442610, "typical_volume": 22054640.8, "trend": 10.96554, "fair_value": 14.027954, "relative_strength": 1.753468, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 67.808989, "energy": 60.948905, "activity_lines": [ 11.418746, 11.208411, 11.108506, 11.084219 ] }, { "date": "2025-04-11", "close": 11.849884, "volume": 56322561, "typical_volume": 23557133.35, "trend": 11.052215, "fair_value": 14.019534, "relative_strength": 6.641923, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.48603, "energy": 65.055474, "activity_lines": [ 11.60553, 11.344312, 11.180606, 11.141274 ] }, { "date": "2025-04-18", "close": 11.753933, "volume": 85296050, "typical_volume": 26651010.8, "trend": 11.128336, "fair_value": 14.016267, "relative_strength": 4.789529, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.409057, "energy": 63.199042, "activity_lines": [ 11.686768, 11.447415, 11.23772, 11.186546 ] }, { "date": "2025-04-25", "close": 11.888265, "volume": 93799380, "typical_volume": 30323383.8, "trend": 11.166396, "fair_value": 13.999771, "relative_strength": 5.618881, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.058855, "energy": 60.43618, "activity_lines": [ 11.784638, 11.560113, 11.304063, 11.235574 ] }, { "date": "2025-05-02", "close": 11.08228, "volume": 25633877, "typical_volume": 28764306.8, "trend": 11.141769, "fair_value": 13.965335, "relative_strength": -0.823038, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.799492, "energy": 28.588804, "activity_lines": [ 11.577385, 11.511092, 11.290904, 11.230147 ] }, { "date": "2025-05-09", "close": 11.13985, "volume": 24542985, "typical_volume": 27433215.95, "trend": 11.165437, "fair_value": 13.938602, "relative_strength": -1.951641, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 31.529676, "energy": 15.145304, "activity_lines": [ 11.403394, 11.470967, 11.288939, 11.230023 ] }, { "date": "2025-05-16", "close": 11.149445, "volume": 18605044, "typical_volume": 27094910.0, "trend": 11.165117, "fair_value": 13.911973, "relative_strength": -2.406398, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 24.817359, "energy": 14.596591, "activity_lines": [ 11.272262, 11.422468, 11.289624, 11.228991 ] }, { "date": "2025-05-23", "close": 10.947949, "volume": 21180803, "typical_volume": 26937126.2, "trend": 11.157761, "fair_value": 13.890767, "relative_strength": -3.358544, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.228427, "energy": 13.316245, "activity_lines": [ 11.12066, 11.330007, 11.271668, 11.21498 ] }, { "date": "2025-05-30", "close": 11.161006, "volume": 14355405, "typical_volume": 26910830.55, "trend": 11.175417, "fair_value": 13.875871, "relative_strength": -1.162971, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.083713, "energy": 10.061452, "activity_lines": [ 11.093809, 11.283261, 11.271901, 11.21519 ] }, { "date": "2025-06-06", "close": 12.335849, "volume": 61154058, "typical_volume": 29308575.6, "trend": 11.200891, "fair_value": 13.856805, "relative_strength": 7.95159, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 56.73589, "energy": 24.463373, "activity_lines": [ 11.507057, 11.453402, 11.379948, 11.290056 ] }, { "date": "2025-06-13", "close": 12.10088, "volume": 51086147, "typical_volume": 31374231.3, "trend": 11.242201, "fair_value": 13.837551, "relative_strength": 6.139294, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 53.828347, "energy": 40.926531, "activity_lines": [ 11.75841, 11.561868, 11.459327, 11.34812 ] }, { "date": "2025-06-20", "close": 11.533039, "volume": 33121004, "typical_volume": 32918047.75, "trend": 11.272578, "fair_value": 13.801762, "relative_strength": 1.696577, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.789088, "energy": 37.628104, "activity_lines": [ 11.756415, 11.560432, 11.479457, 11.366884 ] }, { "date": "2025-06-27", "close": 13.158238, "volume": 116554544, "typical_volume": 38402360.5, "trend": 11.344336, "fair_value": 13.778862, "relative_strength": 13.64774, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 72.249836, "energy": 63.526789, "activity_lines": [ 12.270579, 11.860248, 11.651855, 11.488539 ] }, { "date": "2025-07-04", "close": 13.226771, "volume": 109843845, "typical_volume": 43305423.25, "trend": 11.408143, "fair_value": 13.763529, "relative_strength": 12.347514, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.846946, "energy": 69.298389, "activity_lines": [ 12.660236, 12.146992, 11.820209, 11.609987 ] }, { "date": "2025-07-11", "close": 12.786205, "volume": 77497209, "typical_volume": 46589112.0, "trend": 11.424961, "fair_value": 13.743106, "relative_strength": 7.249379, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.927433, "energy": 65.815222, "activity_lines": [ 12.765319, 12.329296, 11.936255, 11.698894 ] }, { "date": "2025-07-18", "close": 12.570817, "volume": 37429463, "typical_volume": 47213629.65, "trend": 11.460506, "fair_value": 13.711414, "relative_strength": 4.522527, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.971019, "energy": 67.247751, "activity_lines": [ 12.768582, 12.441459, 12.023264, 11.77282 ] }, { "date": "2025-07-25", "close": 12.472914, "volume": 38935987, "typical_volume": 48402861.45, "trend": 11.500784, "fair_value": 13.68202, "relative_strength": 1.875262, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.97033, "energy": 55.713551, "activity_lines": [ 12.707882, 12.509803, 12.091484, 11.838137 ] }, { "date": "2025-08-01", "close": 12.188993, "volume": 38706260, "typical_volume": 49385340.4, "trend": 11.556864, "fair_value": 13.654885, "relative_strength": 0.448718, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.649859, "energy": 29.147659, "activity_lines": [ 12.489884, 12.502463, 12.124443, 11.882538 ] }, { "date": "2025-08-08", "close": 12.453333, "volume": 29481728, "typical_volume": 49631941.4, "trend": 11.628472, "fair_value": 13.625695, "relative_strength": 0.523913, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.483792, "energy": 23.532639, "activity_lines": [ 12.424615, 12.520619, 12.178494, 11.940374 ] }, { "date": "2025-08-15", "close": 12.267316, "volume": 29097256, "typical_volume": 49204310.8, "trend": 11.670213, "fair_value": 13.600133, "relative_strength": -2.655957, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.037028, "energy": 17.900035, "activity_lines": [ 12.348902, 12.481458, 12.209535, 11.98159 ] }, { "date": "2025-08-22", "close": 12.688302, "volume": 49398646, "typical_volume": 50602112.6, "trend": 11.725986, "fair_value": 13.590084, "relative_strength": -2.794074, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.632323, "energy": 20.734307, "activity_lines": [ 12.448112, 12.520085, 12.276032, 12.047273 ] }, { "date": "2025-08-29", "close": 12.678511, "volume": 48349971, "typical_volume": 50203483.1, "trend": 11.781752, "fair_value": 13.576016, "relative_strength": -3.641339, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.381248, "energy": 24.377979, "activity_lines": [ 12.536225, 12.546252, 12.337055, 12.108726 ] }, { "date": "2025-09-05", "close": 13.314885, "volume": 91423143, "typical_volume": 50509837.75, "trend": 11.86097, "fair_value": 13.56681, "relative_strength": 2.443278, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.392083, "energy": 43.058428, "activity_lines": [ 12.822756, 12.667297, 12.45474, 12.207638 ] }, { "date": "2025-09-12", "close": 12.962431, "volume": 59410620, "typical_volume": 48790399.75, "trend": 11.924601, "fair_value": 13.549989, "relative_strength": -1.725358, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.41123, "energy": 48.872305, "activity_lines": [ 12.916743, 12.721411, 12.531425, 12.2787 ] }, { "date": "2025-09-19", "close": 13.402997, "volume": 69821738, "typical_volume": 50999792.8, "trend": 12.004837, "fair_value": 13.534179, "relative_strength": 2.930326, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.57498, "energy": 60.446034, "activity_lines": [ 13.123646, 12.860434, 12.644953, 12.374081 ] }, { "date": "2025-09-26", "close": 11.816959, "volume": 50705037, "typical_volume": 52307895.4, "trend": 12.045957, "fair_value": 13.510881, "relative_strength": -9.238343, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.537066, "energy": 25.611226, "activity_lines": [ 12.726157, 12.699872, 12.596379, 12.361959 ] }, { "date": "2025-10-03", "close": 11.581991, "volume": 11076713, "typical_volume": 51931478.85, "trend": 12.073809, "fair_value": 13.484757, "relative_strength": -12.016981, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -3.820681, "energy": 9.642666, "activity_lines": [ 12.308435, 12.510295, 12.522203, 12.332026 ] }, { "date": "2025-10-10", "close": 11.258909, "volume": 13272375, "typical_volume": 51536057.45, "trend": 12.07138, "fair_value": 13.45405, "relative_strength": -14.613448, "stage": 4, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -34.334724, "energy": 38.128271, "activity_lines": [ 11.856121, 12.278174, 12.415197, 12.279452 ] }, { "date": "2025-10-17", "close": 10.906457, "volume": 20957207, "typical_volume": 51866147.55, "trend": 12.056884, "fair_value": 13.421866, "relative_strength": -15.774555, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.266098, "energy": 63.243426, "activity_lines": [ 11.423387, 11.998882, 12.273144, 12.204296 ] }, { "date": "2025-10-24", "close": 11.258909, "volume": 17490979, "typical_volume": 49682993.6, "trend": 12.055735, "fair_value": 13.386132, "relative_strength": -15.227685, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.811708, "energy": 64.030932, "activity_lines": [ 11.245203, 11.811797, 12.165869, 12.152813 ] }, { "date": "2025-10-31", "close": 11.190377, "volume": 18851279, "typical_volume": 48071250.2, "trend": 12.03759, "fair_value": 13.352265, "relative_strength": -15.636619, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.254791, "energy": 67.765554, "activity_lines": [ 11.187113, 11.630587, 12.057196, 12.096984 ] }, { "date": "2025-11-07", "close": 11.317652, "volume": 18076450, "typical_volume": 47319022.5, "trend": 12.019849, "fair_value": 13.315919, "relative_strength": -15.337117, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.82153, "energy": 60.090267, "activity_lines": [ 11.213221, 11.499752, 11.964981, 12.050536 ] }, { "date": "2025-11-14", "close": 11.621153, "volume": 20532930, "typical_volume": 42517941.8, "trend": 12.015423, "fair_value": 13.276697, "relative_strength": -12.73781, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.574154, "energy": 33.08704, "activity_lines": [ 11.358119, 11.448842, 11.902695, 12.024814 ] }, { "date": "2025-11-21", "close": 10.945619, "volume": 18683276, "typical_volume": 37959913.35, "trend": 11.984001, "fair_value": 13.212833, "relative_strength": -14.279484, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -67.596198, "energy": 45.611555, "activity_lines": [ 11.253688, 11.305903, 11.783393, 11.955794 ] }, { "date": "2025-11-28", "close": 11.102264, "volume": 18286768, "typical_volume": 34999391.3, "trend": 11.984667, "fair_value": 13.161304, "relative_strength": -14.028408, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.438342, "energy": 41.749169, "activity_lines": [ 11.198862, 11.228115, 11.689872, 11.898908 ] }, { "date": "2025-12-05", "close": 10.974989, "volume": 20154524, "typical_volume": 34135644.35, "trend": 11.979172, "fair_value": 13.119588, "relative_strength": -15.072066, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.30872, "energy": 45.073888, "activity_lines": [ 11.112054, 11.169016, 11.592248, 11.833768 ] }, { "date": "2025-12-12", "close": 11.611362, "volume": 38294256, "typical_volume": 34103557.8, "trend": 11.994569, "fair_value": 13.083765, "relative_strength": -9.502599, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.281304, "energy": 34.847726, "activity_lines": [ 11.25173, 11.240931, 11.56283, 11.810038 ] }, { "date": "2025-12-19", "close": 12.326058, "volume": 103111450, "typical_volume": 37323817.3, "trend": 12.040506, "fair_value": 13.039132, "relative_strength": -3.820826, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -16.618154, "energy": 13.860235, "activity_lines": [ 11.610057, 11.442256, 11.605581, 11.831424 ] }, { "date": "2025-12-26", "close": 11.670105, "volume": 44015335, "typical_volume": 38050497.65, "trend": 12.057476, "fair_value": 12.995651, "relative_strength": -10.428763, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.921789, "energy": 22.890532, "activity_lines": [ 11.702739, 11.504915, 11.585208, 11.807527 ] }, { "date": "2026-01-02", "close": 11.533039, "volume": 17119700, "typical_volume": 37451619.85, "trend": 12.030716, "fair_value": 12.950055, "relative_strength": -11.406335, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.704063, "energy": 23.503501, "activity_lines": [ 11.701433, 11.528767, 11.555511, 11.773693 ] }, { "date": "2026-01-09", "close": 11.572201, "volume": 30995788, "typical_volume": 36531476.95, "trend": 12.013093, "fair_value": 12.909737, "relative_strength": -14.152438, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.426904, "energy": 17.278381, "activity_lines": [ 11.684464, 11.554756, 11.533039, 11.744111 ] }, { "date": "2026-01-16", "close": 11.484087, "volume": 39691732, "typical_volume": 36098565.0, "trend": 12.011461, "fair_value": 12.871491, "relative_strength": -14.119658, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.819234, "energy": 12.151193, "activity_lines": [ 11.598308, 11.557782, 11.507491, 11.709982 ] }, { "date": "2026-01-23", "close": 11.944234, "volume": 33058319, "typical_volume": 33180323.8, "trend": 11.970995, "fair_value": 12.843405, "relative_strength": -11.156841, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.777434, "energy": 5.410242, "activity_lines": [ 11.67402, 11.641445, 11.531454, 11.705644 ] }, { "date": "2026-01-30", "close": 12.022557, "volume": 31057793, "typical_volume": 31762682.45, "trend": 11.930854, "fair_value": 12.812072, "relative_strength": -9.930285, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.254475, "energy": 7.593336, "activity_lines": [ 11.801295, 11.733475, 11.569404, 11.708971 ] }, { "date": "2026-02-06", "close": 11.954025, "volume": 30725520, "typical_volume": 29807871.55, "trend": 11.903115, "fair_value": 12.775478, "relative_strength": -9.090288, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.486134, "energy": 14.372508, "activity_lines": [ 11.882229, 11.793463, 11.605302, 11.710466 ] }, { "date": "2026-02-13", "close": 11.777799, "volume": 23771180, "typical_volume": 28461178.7, "trend": 11.876681, "fair_value": 12.734212, "relative_strength": -10.570286, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.521333, "energy": 15.453613, "activity_lines": [ 11.876355, 11.805923, 11.631316, 11.702381 ] }, { "date": "2026-02-27", "close": 11.80717, "volume": 16694464, "typical_volume": 28742066.25, "trend": 11.854489, "fair_value": 12.695318, "relative_strength": -11.868091, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.567554, "energy": 15.539977, "activity_lines": [ 11.866565, 11.809128, 11.660314, 11.697896 ] }, { "date": "2026-03-06", "close": 11.52325, "volume": 22082566, "typical_volume": 29182575.8, "trend": 11.832298, "fair_value": 12.655139, "relative_strength": -12.976228, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.389346, "energy": 11.319246, "activity_lines": [ 11.740596, 11.75715, 11.6612, 11.676526 ] }, { "date": "2026-03-13", "close": 11.601572, "volume": 17512609, "typical_volume": 29010345.9, "trend": 11.803906, "fair_value": 12.614886, "relative_strength": -11.582479, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.994374, "energy": 11.824824, "activity_lines": [ 11.6688, 11.734009, 11.668286, 11.661641 ] }, { "date": "2026-03-20", "close": 11.356813, "volume": 18827166, "typical_volume": 29077155.25, "trend": 11.773556, "fair_value": 12.563051, "relative_strength": -10.181476, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.094277, "energy": 20.498362, "activity_lines": [ 11.543483, 11.667613, 11.648752, 11.632796 ] }, { "date": "2026-03-27", "close": 11.268701, "volume": 29299557, "typical_volume": 29599569.15, "trend": 11.726236, "fair_value": 12.50991, "relative_strength": -9.624457, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.037909, "energy": 29.460783, "activity_lines": [ 11.42861, 11.5884, 11.62036, 11.600225 ] }, { "date": "2026-04-03", "close": 10.681278, "volume": 19906696, "typical_volume": 29691081.45, "trend": 11.659661, "fair_value": 12.456424, "relative_strength": -13.270188, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -65.922081, "energy": 59.917182, "activity_lines": [ 11.151868, 11.407901, 11.53565, 11.532808 ] }, { "date": "2026-04-10", "close": 11.043522, "volume": 15493489, "typical_volume": 29439109.4, "trend": 11.583949, "fair_value": 12.406371, "relative_strength": -12.322662, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.735759, "energy": 60.282991, "activity_lines": [ 11.070935, 11.307862, 11.48847, 11.493057 ] }, { "date": "2026-04-17", "close": 11.053312, "volume": 22009860, "typical_volume": 29605438.6, "trend": 11.520312, "fair_value": 12.353127, "relative_strength": -13.165103, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.31192, "energy": 57.56228, "activity_lines": [ 11.025246, 11.225979, 11.444973, 11.458822 ] }, { "date": "2026-04-24", "close": 10.367988, "volume": 24987570, "typical_volume": 29940478.7, "trend": 11.419145, "fair_value": 12.290504, "relative_strength": -18.596383, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.098285, "energy": 69.666347, "activity_lines": [ 10.787667, 11.037114, 11.335694, 11.384479 ] }, { "date": "2026-05-01", "close": 10.808553, "volume": 52756817, "typical_volume": 31570593.35, "trend": 11.385532, "fair_value": 12.230623, "relative_strength": -15.291944, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.555649, "energy": 48.788983, "activity_lines": [ 10.762865, 10.957189, 11.27187, 11.345086 ] }, { "date": "2026-05-08", "close": 10.338616, "volume": 25423923, "typical_volume": 30927076.7, "trend": 11.344086, "fair_value": 12.177371, "relative_strength": -19.838748, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.938983, "energy": 58.989083, "activity_lines": [ 10.612093, 10.809443, 11.164083, 11.277543 ] }, { "date": "2026-05-15", "close": 9.966583, "volume": 16094212, "typical_volume": 26576214.8, "trend": 11.301008, "fair_value": 12.122805, "relative_strength": -21.438534, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.502179, "energy": 72.437299, "activity_lines": [ 10.360155, 10.620757, 11.026925, 11.188672 ] }, { "date": "2026-05-22", "close": 9.682663, "volume": 13193008, "typical_volume": 25035098.45, "trend": 11.260215, "fair_value": 12.075442, "relative_strength": -22.796158, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.043681, "energy": 76.67879, "activity_lines": [ 10.085373, 10.408751, 10.873962, 11.084262 ] }, { "date": "2026-05-29", "close": 9.34, "volume": 13794164, "typical_volume": 24868821.65, "trend": 11.196251, "fair_value": 12.026583, "relative_strength": -24.251651, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.697742, "energy": 84.048208, "activity_lines": [ 9.787746, 10.169332, 10.697829, 10.960378 ] }, { "date": "2026-06-05", "close": 9.22, "volume": 3333465, "typical_volume": 23485705.5, "trend": 11.130572, "fair_value": 11.975225, "relative_strength": -23.962582, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.846143, "energy": 87.715484, "activity_lines": [ 9.518651, 9.944765, 10.52071, 10.832877 ] }, { "date": "2026-06-12", "close": 9.11, "volume": 3200238, "typical_volume": 21661130.8, "trend": 11.056984, "fair_value": 11.926663, "relative_strength": -24.27054, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.311604, "energy": 88.127582, "activity_lines": [ 9.318794, 9.737446, 10.344317, 10.702518 ] }, { "date": "2026-06-19", "close": 8.6, "volume": 13416557, "typical_volume": 20679042.7, "trend": 10.956279, "fair_value": 11.868652, "relative_strength": -28.861706, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.383316, "energy": 90.708494, "activity_lines": [ 9.030844, 9.465969, 10.130656, 10.544003 ] }, { "date": "2026-06-26", "close": 8.34, "volume": 3968884, "typical_volume": 19324597.25, "trend": 10.869425, "fair_value": 11.806338, "relative_strength": -29.303101, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.354004, "energy": 92.52668, "activity_lines": [ 8.747333, 9.191647, 9.908159, 10.375211 ] }, { "date": "2026-07-03", "close": 8.77, "volume": 2618946, "typical_volume": 17919268.55, "trend": 10.791683, "fair_value": 11.745585, "relative_strength": -25.136493, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.614362, "energy": 84.136456, "activity_lines": [ 8.696667, 9.04484, 9.74415, 10.239764 ] }, { "date": "2026-07-10", "close": 8.58, "volume": 15245316, "typical_volume": 17492975.35, "trend": 10.71185, "fair_value": 11.693625, "relative_strength": -25.061336, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.2076, "energy": 81.124205, "activity_lines": [ 8.620667, 8.892541, 9.577208, 10.097075 ] }, { "date": "2026-07-17", "close": 8.71, "volume": 14609390, "typical_volume": 17388721.65, "trend": 10.615138, "fair_value": 11.643159, "relative_strength": -18.510264, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.099645, "energy": 63.822165, "activity_lines": [ 8.630667, 8.804398, 9.437875, 9.967923 ] }, { "date": "2026-07-24", "close": 8.31, "volume": 16793255, "typical_volume": 17124256.1, "trend": 10.481269, "fair_value": 11.586297, "relative_strength": -22.549915, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.803635, "energy": 65.353373, "activity_lines": [ 8.534, 8.673139, 9.275195, 9.819205 ] }, { "date": "2026-07-31", "close": 8.9, "volume": 15808512, "typical_volume": 17039051.25, "trend": 10.388932, "fair_value": 11.534741, "relative_strength": -16.788755, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.937778, "energy": 57.559374, "activity_lines": [ 8.653333, 8.679273, 9.184006, 9.717187 ] }, { "date": "2026-08-07", "close": 8.91, "volume": 14580849, "typical_volume": 16826735.4, "trend": 10.301497, "fair_value": 11.490295, "relative_strength": -18.319686, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.325336, "energy": 47.329827, "activity_lines": [ 8.738667, 8.701455, 9.106635, 9.621772 ] } ], "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." } } }