{ "ticker": { "uuid": "4a359cbc-ac0c-4238-b0fd-c834ac620d3e", "symbol": "688185", "name": "CanSino Biologics Inc.", "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": -45.913, "architecture_energy": 37.083, "architecture_maturity": 64.438, "architecture_confidence": 62.654, "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": 29.33, "rotation_up": 25.41, "upward_expansion": 16.75, "deceleration": 65.25, "rotation_down": 39.42, "downward_expansion": 64.42 }, "activity_lines": [ 51.169332, 50.86109, 53.951714, 57.365204 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 54.27, "trend_reference": 61.395333, "distance_from_trend": -0.116057, "trend_direction": "Weakening", "fair_value": 62.437885, "distance_from_fair_value": -0.130816, "fair_value_direction": "Weakening", "relative_strength": -18.877708, "relative_strength_direction": "Weakening", "price_momentum": -0.209353, "excess_performance": -0.166149, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.116057, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.087858, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.130816, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.090783, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.188777, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.013442, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.209353, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.481129, "read": "Supply-led" } ], "volume": { "latest": 9510597, "relative_activity": 1.075538, "balance": 0.481129, "dry_up": 1.073376, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.10452, "annualized_volatility": 0.403968, "from_high_reference": -0.414563, "from_low_reference": 0.137497 }, "levels": { "trend_reference": 61.395333, "fair_value_reference": 62.437885, "structural_low": 47.709999, "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": 34, "median_return": -0.020007, "positive_rate": 0.411765, "directional_follow_through": 0.588235, "median_excess_return": -0.000697, "regime_survival": 0.852941, "best_return": 0.677314, "worst_return": -0.352287, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": -0.08491, "positive_rate": 0.454545, "directional_follow_through": 0.545455, "median_excess_return": -0.057848, "regime_survival": 0.545455, "best_return": 0.498747, "worst_return": -0.331372, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": -0.251552, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.190368, "regime_survival": 0.75, "best_return": 0.456024, "worst_return": -0.417671, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.217793, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.304429, "regime_survival": 0.75, "best_return": 0.115515, "worst_return": -0.574458, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-04", "end": "2024-11-08", "tenure": "Developing", "return": 0.113809, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-15", "end": "2025-01-03", "tenure": "Developing", "return": -0.068168, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-02-21", "tenure": "Developing", "return": 0.165124, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-28", "end": "2025-03-21", "tenure": "New", "return": -0.074828, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-28", "end": "2025-04-18", "tenure": "New", "return": -0.079167, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-25", "end": "2025-05-02", "tenure": "New", "return": 0.04159, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-09", "end": "2025-05-30", "tenure": "New", "return": 0.050286, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-06", "end": "2025-07-18", "tenure": "Developing", "return": 0.142281, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-25", "end": "2025-09-26", "tenure": "Developing", "return": 0.077878, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-03", "end": "2025-11-28", "tenure": "Developing", "return": -0.13921, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-12-05", "end": "2026-01-02", "tenure": "Developing", "return": -0.049743, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-09", "end": "2026-02-27", "tenure": "Developing", "return": 0.048187, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-06", "end": "2026-05-08", "tenure": "Developing", "return": -0.126358, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-15", "end": "2026-08-07", "tenure": "Established", "return": -0.095198, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 89.650002, "volume": 16759204, "typical_volume": 8739630.2, "trend": 110.446667, "fair_value": 281.244952, "relative_strength": -35.456329, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.729989, "energy": 62.669096, "activity_lines": [ 82.806668, 83.024183, 88.867143, 97.422796 ] }, { "date": "2023-08-04", "close": 86.209999, "volume": 9650769, "typical_volume": 8643814.55, "trend": 108.453, "fair_value": 279.970214, "relative_strength": -37.460022, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.324418, "energy": 50.718882, "activity_lines": [ 84.268001, 83.327273, 87.922905, 95.85914 ] }, { "date": "2023-08-11", "close": 89.839996, "volume": 21704288, "typical_volume": 9296889.85, "trend": 106.457333, "fair_value": 278.735602, "relative_strength": -32.141811, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.146981, "energy": 33.232385, "activity_lines": [ 86.625333, 84.406, 87.477095, 94.658301 ] }, { "date": "2023-08-18", "close": 79.269997, "volume": 14425787, "typical_volume": 9662125.9, "trend": 104.132, "fair_value": 277.448728, "relative_strength": -38.311274, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.907058, "energy": 32.533165, "activity_lines": [ 84.771998, 83.597817, 86.175333, 92.904279 ] }, { "date": "2023-08-25", "close": 70.839996, "volume": 10436897, "typical_volume": 9772669.45, "trend": 101.602999, "fair_value": 276.124313, "relative_strength": -42.912324, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.567758, "energy": 54.007126, "activity_lines": [ 80.19133, 81.375453, 84.234523, 90.756408 ] }, { "date": "2023-09-01", "close": 73.510002, "volume": 11116258, "typical_volume": 9624272.3, "trend": 99.407666, "fair_value": 274.366094, "relative_strength": -41.386403, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.478301, "energy": 55.737409, "activity_lines": [ 76.973998, 79.910181, 82.766809, 88.943957 ] }, { "date": "2023-09-08", "close": 72.5, "volume": 5620400, "typical_volume": 9133670.95, "trend": 97.187666, "fair_value": 272.605036, "relative_strength": -41.199791, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.225594, "energy": 70.163198, "activity_lines": [ 74.495999, 78.386545, 81.414762, 87.207978 ] }, { "date": "2023-09-15", "close": 75.099998, "volume": 7522274, "typical_volume": 8794912.75, "trend": 95.104999, "fair_value": 271.417557, "relative_strength": -38.62325, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.317246, "energy": 70.724799, "activity_lines": [ 73.798666, 77.499272, 80.465904, 85.782967 ] }, { "date": "2023-09-22", "close": 76.370003, "volume": 7086778, "typical_volume": 8957886.6, "trend": 93.174333, "fair_value": 270.085488, "relative_strength": -37.345647, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.824756, "energy": 50.253502, "activity_lines": [ 74.507334, 76.923454, 79.759952, 84.574258 ] }, { "date": "2023-09-29", "close": 77.519997, "volume": 5780462, "typical_volume": 8827828.55, "trend": 91.605, "fair_value": 268.559975, "relative_strength": -35.41406, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.524051, "energy": 42.329279, "activity_lines": [ 75.792666, 76.631999, 79.252238, 83.564301 ] }, { "date": "2023-10-13", "close": 80.580002, "volume": 11400159, "typical_volume": 9087694.55, "trend": 90.141, "fair_value": 267.215036, "relative_strength": -31.997255, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.189158, "energy": 26.370322, "activity_lines": [ 77.652667, 76.904545, 79.111809, 82.85301 ] }, { "date": "2023-10-20", "close": 73.360001, "volume": 6421418, "typical_volume": 8911776.75, "trend": 88.643666, "fair_value": 265.459682, "relative_strength": -35.411342, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.899561, "energy": 28.000164, "activity_lines": [ 76.634667, 76.029273, 78.350047, 81.770365 ] }, { "date": "2023-10-27", "close": 75.660004, "volume": 6421163, "typical_volume": 8873795.85, "trend": 87.116, "fair_value": 263.74458, "relative_strength": -33.59227, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.424135, "energy": 24.238486, "activity_lines": [ 76.326002, 75.805819, 77.89881, 80.93271 ] }, { "date": "2023-11-03", "close": 79.949997, "volume": 8196688, "typical_volume": 8947060.25, "trend": 85.992, "fair_value": 261.996395, "relative_strength": -29.5694, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.253945, "energy": 20.275094, "activity_lines": [ 77.41, 76.620182, 77.932809, 80.470387 ] }, { "date": "2023-11-10", "close": 84.760002, "volume": 8865589, "typical_volume": 9069493.4, "trend": 84.924333, "fair_value": 260.016818, "relative_strength": -24.107252, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.698813, "energy": 8.456558, "activity_lines": [ 79.858668, 78.296728, 78.452714, 80.390903 ] }, { "date": "2023-11-17", "close": 83.300003, "volume": 6099845, "typical_volume": 9180408.2, "trend": 83.767667, "fair_value": 258.050966, "relative_strength": -23.655302, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.684587, "energy": 13.039658, "activity_lines": [ 81.338002, 79.454728, 78.838429, 80.286108 ] }, { "date": "2023-11-24", "close": 82.360001, "volume": 5432727, "typical_volume": 9018130.7, "trend": 83.007333, "fair_value": 256.046566, "relative_strength": -22.402438, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.21221, "energy": 19.93954, "activity_lines": [ 82.322668, 80.263819, 79.12081, 80.195291 ] }, { "date": "2023-12-01", "close": 83.849998, "volume": 8368886, "typical_volume": 9167232.5, "trend": 82.445333, "fair_value": 254.160765, "relative_strength": -18.539336, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.510048, "energy": 32.855733, "activity_lines": [ 83.204, 81.164546, 79.541, 80.249656 ] }, { "date": "2023-12-08", "close": 76.669998, "volume": 10362496, "typical_volume": 9376068.05, "trend": 81.834333, "fair_value": 252.152477, "relative_strength": -21.984291, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.008017, "energy": 16.143509, "activity_lines": [ 81.146, 80.600727, 79.25681, 79.877054 ] }, { "date": "2023-12-15", "close": 81.660004, "volume": 11329235, "typical_volume": 9650066.15, "trend": 81.441334, "fair_value": 250.260291, "relative_strength": -14.291237, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.7013, "energy": 5.654806, "activity_lines": [ 80.970001, 80.938728, 79.466143, 79.865807 ] }, { "date": "2023-12-22", "close": 72.93, "volume": 6779914, "typical_volume": 9151101.65, "trend": 80.722334, "fair_value": 248.341413, "relative_strength": -21.095109, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.528915, "energy": 24.175862, "activity_lines": [ 78.090667, 79.614182, 78.826334, 79.316688 ] }, { "date": "2023-12-29", "close": 74.519997, "volume": 6461277, "typical_volume": 8991627.05, "trend": 80.120667, "fair_value": 246.256657, "relative_strength": -19.216771, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.294926, "energy": 29.962418, "activity_lines": [ 76.432666, 78.717818, 78.417572, 78.916538 ] }, { "date": "2024-01-05", "close": 70.389999, "volume": 4123517, "typical_volume": 8112588.5, "trend": 79.408333, "fair_value": 243.953283, "relative_strength": -21.065142, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -62.906574, "energy": 52.559391, "activity_lines": [ 73.920666, 77.049454, 77.671143, 78.288753 ] }, { "date": "2024-01-12", "close": 67.989998, "volume": 4231364, "typical_volume": 7602867.35, "trend": 78.815, "fair_value": 241.770612, "relative_strength": -21.331191, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.925347, "energy": 68.736339, "activity_lines": [ 71.505999, 75.040545, 76.788762, 77.552086 ] }, { "date": "2024-01-19", "close": 60.380001, "volume": 6181328, "typical_volume": 7390088.9, "trend": 77.968333, "fair_value": 239.560906, "relative_strength": -27.700761, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.148167, "energy": 81.4826, "activity_lines": [ 67.133333, 71.865454, 75.235333, 76.362731 ] }, { "date": "2024-01-26", "close": 57.869999, "volume": 6674593, "typical_volume": 7168005.65, "trend": 77.217333, "fair_value": 237.546128, "relative_strength": -31.364477, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.238194, "energy": 87.818692, "activity_lines": [ 63.342666, 68.677272, 73.492667, 75.066064 ] }, { "date": "2024-02-02", "close": 49.91, "volume": 7291413, "typical_volume": 7251556.3, "trend": 76.164333, "fair_value": 235.40737, "relative_strength": -35.764464, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.693495, "energy": 94.700882, "activity_lines": [ 57.902666, 64.504181, 71.066381, 73.304301 ] }, { "date": "2024-02-09", "close": 54.490002, "volume": 9066176, "typical_volume": 7328751.4, "trend": 75.329667, "fair_value": 233.402492, "relative_strength": -32.104739, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.784922, "energy": 88.971915, "activity_lines": [ 55.63, 61.753818, 69.183857, 71.905957 ] }, { "date": "2024-02-23", "close": 55.860001, "volume": 7040314, "typical_volume": 7326428.2, "trend": 74.508, "fair_value": 231.306084, "relative_strength": -32.501137, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.381159, "energy": 85.316554, "activity_lines": [ 54.874001, 59.786364, 67.529953, 70.64985 ] }, { "date": "2024-03-01", "close": 57.080002, "volume": 9798300, "typical_volume": 7527320.1, "trend": 73.812667, "fair_value": 229.377945, "relative_strength": -30.373485, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.169884, "energy": 69.816578, "activity_lines": [ 55.333335, 58.419091, 66.089905, 69.525463 ] }, { "date": "2024-03-08", "close": 53.200001, "volume": 7411933, "typical_volume": 7327908.8, "trend": 72.597667, "fair_value": 227.161814, "relative_strength": -34.410212, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.673901, "energy": 59.071593, "activity_lines": [ 54.719335, 56.793273, 64.377667, 68.195613 ] }, { "date": "2024-03-15", "close": 56.130001, "volume": 8871116, "typical_volume": 7450393.7, "trend": 71.595, "fair_value": 224.077984, "relative_strength": -30.029909, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.939766, "energy": 52.723635, "activity_lines": [ 55.393335, 56.05891, 63.074858, 67.133183 ] }, { "date": "2024-03-22", "close": 52.98, "volume": 6533736, "typical_volume": 7456022.35, "trend": 70.366333, "fair_value": 221.292817, "relative_strength": -32.771756, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.180075, "energy": 55.463906, "activity_lines": [ 54.602667, 55.086183, 61.554096, 65.932215 ] }, { "date": "2024-03-29", "close": 49.549999, "volume": 5777891, "typical_volume": 7335082.5, "trend": 69.375667, "fair_value": 218.517548, "relative_strength": -36.026057, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.618881, "energy": 62.971884, "activity_lines": [ 52.769333, 53.806364, 59.814667, 64.589226 ] }, { "date": "2024-04-05", "close": 50.66, "volume": 4698350, "typical_volume": 7126720.55, "trend": 68.703, "fair_value": 215.966854, "relative_strength": -34.163473, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.875963, "energy": 65.801219, "activity_lines": [ 51.726667, 53.063637, 58.325715, 63.381764 ] }, { "date": "2024-04-12", "close": 49.849998, "volume": 9189142, "typical_volume": 7281185.4, "trend": 67.914334, "fair_value": 213.698065, "relative_strength": -33.213697, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.024542, "energy": 67.393211, "activity_lines": [ 50.841999, 52.350364, 56.922, 62.165441 ] }, { "date": "2024-04-19", "close": 45.459999, "volume": 7247914, "typical_volume": 7371944.75, "trend": 67.013, "fair_value": 211.591428, "relative_strength": -39.043901, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.736963, "energy": 72.305189, "activity_lines": [ 48.717332, 50.984727, 55.259476, 60.716774 ] }, { "date": "2024-04-26", "close": 49.299999, "volume": 6884808, "typical_volume": 7297740.85, "trend": 66.153, "fair_value": 209.501244, "relative_strength": -33.374275, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.713117, "energy": 58.414271, "activity_lines": [ 48.583999, 50.398181, 54.138381, 59.574 ] }, { "date": "2024-05-03", "close": 51.080002, "volume": 3421908, "typical_volume": 6950711.45, "trend": 65.31, "fair_value": 207.223759, "relative_strength": -30.468811, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.954839, "energy": 53.310681, "activity_lines": [ 49.289333, 50.229636, 53.351333, 58.601548 ] }, { "date": "2024-05-10", "close": 53.279999, "volume": 9688720, "typical_volume": 6868685.7, "trend": 64.502, "fair_value": 204.957124, "relative_strength": -27.830432, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.330246, "energy": 43.633506, "activity_lines": [ 50.626, 50.548, 52.895667, 57.825419 ] }, { "date": "2024-05-17", "close": 52.040001, "volume": 5202132, "typical_volume": 6789796.6, "trend": 63.550667, "fair_value": 203.069377, "relative_strength": -28.796851, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.904232, "energy": 34.451523, "activity_lines": [ 51.374667, 50.71, 52.457048, 57.021419 ] }, { "date": "2024-05-24", "close": 51.150002, "volume": 9091254, "typical_volume": 6921295.45, "trend": 62.810334, "fair_value": 200.538404, "relative_strength": -27.81965, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.303011, "energy": 27.451192, "activity_lines": [ 51.680668, 50.731273, 52.033143, 56.221377 ] }, { "date": "2024-05-31", "close": 49.310001, "volume": 5847595, "typical_volume": 7007499.35, "trend": 61.932, "fair_value": 197.523476, "relative_strength": -29.614244, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.248677, "energy": 30.785472, "activity_lines": [ 50.994001, 50.508546, 51.545286, 55.350387 ] }, { "date": "2024-06-07", "close": 47.59, "volume": 5165986, "typical_volume": 7054230.45, "trend": 60.853334, "fair_value": 195.005203, "relative_strength": -30.499847, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.461192, "energy": 43.875719, "activity_lines": [ 49.733334, 50.039819, 50.994, 54.425097 ] }, { "date": "2024-06-14", "close": 47.150002, "volume": 5851615, "typical_volume": 7037744.8, "trend": 59.599667, "fair_value": 192.004743, "relative_strength": -29.947021, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.962182, "energy": 49.23887, "activity_lines": [ 48.558668, 49.526728, 50.497953, 53.541011 ] }, { "date": "2024-06-21", "close": 44.150002, "volume": 6401618, "typical_volume": 7024096.05, "trend": 58.294667, "fair_value": 188.506131, "relative_strength": -32.962791, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.477693, "energy": 68.606741, "activity_lines": [ 46.792668, 48.532001, 49.779191, 52.544259 ] }, { "date": "2024-06-28", "close": 41.09, "volume": 5810684, "typical_volume": 6950059.6, "trend": 56.919, "fair_value": 185.141083, "relative_strength": -36.273391, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.031658, "energy": 84.871662, "activity_lines": [ 44.532668, 47.084546, 48.834334, 51.43428 ] }, { "date": "2024-07-05", "close": 39.650002, "volume": 3912813, "typical_volume": 6692391.45, "trend": 55.445667, "fair_value": 181.785807, "relative_strength": -37.495259, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.003737, "energy": 89.506129, "activity_lines": [ 42.463335, 45.454728, 47.794334, 50.320151 ] }, { "date": "2024-07-12", "close": 41.5, "volume": 6571329, "typical_volume": 6668942.2, "trend": 54.273334, "fair_value": 177.862073, "relative_strength": -34.375188, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.531578, "energy": 85.736235, "activity_lines": [ 41.654668, 44.336728, 47.001191, 49.420431 ] }, { "date": "2024-07-19", "close": 41.599998, "volume": 5231914, "typical_volume": 6440622.9, "trend": 52.938, "fair_value": 173.810163, "relative_strength": -33.806241, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.197646, "energy": 83.959008, "activity_lines": [ 41.285333, 43.411091, 46.285953, 48.602796 ] }, { "date": "2024-07-26", "close": 39.599998, "volume": 4944129, "typical_volume": 6317232.7, "trend": 51.827, "fair_value": 169.234562, "relative_strength": -34.326833, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.040744, "energy": 79.321651, "activity_lines": [ 40.619332, 42.334182, 45.453953, 47.74228 ] }, { "date": "2024-08-02", "close": 40.700001, "volume": 6768374, "typical_volume": 6212095.6, "trend": 50.699667, "fair_value": 164.914592, "relative_strength": -32.175499, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.9173, "energy": 58.206393, "activity_lines": [ 40.623333, 41.683455, 44.791476, 47.024409 ] }, { "date": "2024-08-09", "close": 39.599998, "volume": 6577311, "typical_volume": 6214274.35, "trend": 49.673334, "fair_value": 160.647069, "relative_strength": -32.159196, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.714739, "energy": 59.212688, "activity_lines": [ 40.286666, 41.022727, 44.097714, 46.308301 ] }, { "date": "2024-08-16", "close": 41.09, "volume": 10438307, "typical_volume": 6447295.15, "trend": 48.776667, "fair_value": 157.091344, "relative_strength": -29.230593, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.03284, "energy": 52.551845, "activity_lines": [ 40.449999, 40.809454, 43.609571, 45.754538 ] }, { "date": "2024-08-23", "close": 37.299999, "volume": 10372594, "typical_volume": 6731007.35, "trend": 48.007334, "fair_value": 153.686568, "relative_strength": -34.247039, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.488311, "energy": 57.142474, "activity_lines": [ 39.377333, 40.025272, 42.800762, 45.014108 ] }, { "date": "2024-08-30", "close": 40.630001, "volume": 8527593, "typical_volume": 6697929.9, "trend": 47.432667, "fair_value": 150.063358, "relative_strength": -27.295676, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.038984, "energy": 47.189712, "activity_lines": [ 39.701333, 40.025636, 42.372714, 44.538151 ] }, { "date": "2024-09-06", "close": 39.110001, "volume": 5439297, "typical_volume": 6607499.05, "trend": 47.072667, "fair_value": 146.341126, "relative_strength": -27.445055, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.532863, "energy": 46.00418, "activity_lines": [ 39.45, 39.813636, 41.84381, 44.001204 ] }, { "date": "2024-09-13", "close": 40.84, "volume": 5355975, "typical_volume": 6531057.4, "trend": 46.617667, "fair_value": 143.564867, "relative_strength": -21.862012, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.218194, "energy": 40.869666, "activity_lines": [ 39.881334, 39.952182, 41.509905, 43.599097 ] }, { "date": "2024-09-20", "close": 40.59, "volume": 3939404, "typical_volume": 6556932.2, "trend": 46.108667, "fair_value": 141.337988, "relative_strength": -22.61985, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.211264, "energy": 29.506342, "activity_lines": [ 40.146667, 40.023636, 41.192476, 43.210215 ] }, { "date": "2024-09-27", "close": 46.0, "volume": 9307745, "typical_volume": 6537883.45, "trend": 45.739333, "fair_value": 139.002303, "relative_strength": -21.544141, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -12.99316, "energy": 12.894489, "activity_lines": [ 42.248667, 41.095273, 41.440238, 43.203204 ] }, { "date": "2024-10-04", "close": 55.18, "volume": 5920120, "typical_volume": 6573782.85, "trend": 45.805333, "fair_value": 137.002804, "relative_strength": -12.212573, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 46.551001, "energy": 43.961133, "activity_lines": [ 46.830667, 43.756, 42.596952, 43.81228 ] }, { "date": "2024-10-11", "close": 53.0, "volume": 20975376, "typical_volume": 7167988.95, "trend": 45.701, "fair_value": 134.979064, "relative_strength": -11.807964, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 38.655886, "energy": 54.276605, "activity_lines": [ 49.716, 45.737091, 43.531095, 44.276452 ] }, { "date": "2024-10-18", "close": 53.799999, "volume": 11565988, "typical_volume": 7453908.6, "trend": 45.728333, "fair_value": 133.079258, "relative_strength": -10.798051, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.232141, "energy": 64.940307, "activity_lines": [ 51.942, 47.64, 44.532619, 44.798968 ] }, { "date": "2024-10-25", "close": 57.099998, "volume": 13514875, "typical_volume": 7871353.05, "trend": 45.98, "fair_value": 131.324896, "relative_strength": -5.706134, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 52.158614, "energy": 76.879696, "activity_lines": [ 54.403999, 49.884727, 45.827047, 45.532624 ] }, { "date": "2024-11-01", "close": 54.66, "volume": 14143808, "typical_volume": 8285962.7, "trend": 46.113333, "fair_value": 129.51478, "relative_strength": -8.166649, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.181445, "energy": 68.521897, "activity_lines": [ 54.951999, 51.394727, 46.843809, 46.092624 ] }, { "date": "2024-11-08", "close": 61.459999, "volume": 13088074, "typical_volume": 8620285.5, "trend": 46.500333, "fair_value": 127.957041, "relative_strength": -1.23889, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 82.776637, "energy": 82.600087, "activity_lines": [ 57.189332, 53.825454, 48.472428, 47.082731 ] }, { "date": "2024-11-15", "close": 63.959999, "volume": 26218004, "typical_volume": 9640651.5, "trend": 47.117, "fair_value": 126.472467, "relative_strength": 7.52643, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.528673, "energy": 77.9559, "activity_lines": [ 59.841332, 56.331999, 50.256714, 48.209161 ] }, { "date": "2024-11-22", "close": 62.110001, "volume": 14990992, "typical_volume": 10194560.45, "trend": 47.544, "fair_value": 124.930947, "relative_strength": 7.40234, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.449577, "energy": 65.417753, "activity_lines": [ 61.146, 58.050363, 51.755904, 49.176451 ] }, { "date": "2024-11-29", "close": 66.5, "volume": 11322073, "typical_volume": 10432097.65, "trend": 48.058, "fair_value": 123.610539, "relative_strength": 13.821983, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.754652, "energy": 77.051309, "activity_lines": [ 63.36, 60.180181, 53.566238, 50.399419 ] }, { "date": "2024-12-06", "close": 70.370003, "volume": 11965170, "typical_volume": 10768760.45, "trend": 48.627667, "fair_value": 122.365956, "relative_strength": 18.606746, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.486027, "energy": 80.910291, "activity_lines": [ 66.237334, 62.542546, 55.626095, 51.838903 ] }, { "date": "2024-12-13", "close": 64.389999, "volume": 10412940, "typical_volume": 11042201.0, "trend": 49.039333, "fair_value": 121.195277, "relative_strength": 9.745553, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.422315, "energy": 61.729062, "activity_lines": [ 66.074001, 63.374546, 56.979429, 52.855828 ] }, { "date": "2024-12-20", "close": 63.52, "volume": 6266975, "typical_volume": 11017131.05, "trend": 49.451667, "fair_value": 119.884336, "relative_strength": 10.116606, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.746996, "energy": 54.171524, "activity_lines": [ 65.425334, 63.880909, 58.131857, 53.790064 ] }, { "date": "2024-12-27", "close": 59.98, "volume": 7378033, "typical_volume": 11057167.15, "trend": 49.807333, "fair_value": 118.573597, "relative_strength": 3.859616, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.992559, "energy": 44.307869, "activity_lines": [ 63.626, 63.552364, 58.838476, 54.469312 ] }, { "date": "2025-01-03", "close": 59.599998, "volume": 7890801, "typical_volume": 10929791.85, "trend": 50.207667, "fair_value": 117.297027, "relative_strength": 10.074937, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.974913, "energy": 28.57436, "activity_lines": [ 61.841999, 63.042363, 59.411857, 55.101097 ] }, { "date": "2025-01-10", "close": 55.110001, "volume": 7168142, "typical_volume": 10769569.25, "trend": 50.473, "fair_value": 115.896591, "relative_strength": 3.947638, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.25116, "energy": 24.460532, "activity_lines": [ 59.021333, 61.670545, 59.469476, 55.417376 ] }, { "date": "2025-01-17", "close": 57.43, "volume": 4488035, "typical_volume": 10567591.35, "trend": 50.915667, "fair_value": 114.231647, "relative_strength": 6.594283, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.196116, "energy": 24.514668, "activity_lines": [ 57.991333, 60.712364, 59.663238, 55.866215 ] }, { "date": "2025-01-24", "close": 58.75, "volume": 6097699, "typical_volume": 10600511.45, "trend": 51.504333, "fair_value": 112.617572, "relative_strength": 9.093108, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.46564, "energy": 21.585644, "activity_lines": [ 57.865333, 60.067455, 59.902714, 56.371656 ] }, { "date": "2025-01-31", "close": 58.02, "volume": 908757, "typical_volume": 10378150.55, "trend": 52.116666, "fair_value": 111.079232, "relative_strength": 8.060233, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.001027, "energy": 16.730287, "activity_lines": [ 57.814, 59.384545, 59.979143, 56.792021 ] }, { "date": "2025-02-07", "close": 61.48, "volume": 5242394, "typical_volume": 10443300.05, "trend": 52.782666, "fair_value": 109.605417, "relative_strength": 12.622025, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.702595, "energy": 14.055915, "activity_lines": [ 59.046667, 59.405091, 60.303286, 57.396107 ] }, { "date": "2025-02-14", "close": 62.900002, "volume": 8340285, "typical_volume": 10394927.05, "trend": 53.492667, "fair_value": 108.074318, "relative_strength": 13.769811, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.28791, "energy": 28.795338, "activity_lines": [ 60.627334, 59.775091, 60.663191, 58.048839 ] }, { "date": "2025-02-21", "close": 64.209999, "volume": 7615663, "typical_volume": 10479704.2, "trend": 54.313, "fair_value": 106.866135, "relative_strength": 14.97088, "stage": 1, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 53.839707, "energy": 45.469034, "activity_lines": [ 62.125334, 60.519091, 61.067381, 58.74028 ] }, { "date": "2025-02-28", "close": 63.880001, "volume": 12665981, "typical_volume": 10064234.45, "trend": 55.085667, "fair_value": 105.642573, "relative_strength": 16.333818, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.960809, "energy": 51.779782, "activity_lines": [ 63.061334, 61.206364, 61.397143, 59.357505 ] }, { "date": "2025-03-07", "close": 63.09, "volume": 6438847, "typical_volume": 9807877.4, "trend": 55.868667, "fair_value": 104.433141, "relative_strength": 12.972435, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.830833, "energy": 53.459278, "activity_lines": [ 63.392, 61.743455, 61.599857, 59.873914 ] }, { "date": "2025-03-14", "close": 62.0, "volume": 6306543, "typical_volume": 9447460.8, "trend": 56.565667, "fair_value": 103.157862, "relative_strength": 9.525264, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.737293, "energy": 41.438918, "activity_lines": [ 63.021334, 62.025818, 61.654524, 60.269484 ] }, { "date": "2025-03-21", "close": 59.099998, "volume": 5512957, "typical_volume": 9015918.25, "trend": 57.292333, "fair_value": 101.911439, "relative_strength": 6.078, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 27.799393, "energy": 17.308324, "activity_lines": [ 61.649333, 61.737273, 61.409667, 60.432989 ] }, { "date": "2025-03-28", "close": 58.610001, "volume": 5355244, "typical_volume": 8629276.75, "trend": 57.891667, "fair_value": 100.772135, "relative_strength": 5.476569, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.44767, "energy": 10.65314, "activity_lines": [ 60.367333, 61.287091, 61.097, 60.518 ] }, { "date": "2025-04-04", "close": 60.610001, "volume": 8047291, "typical_volume": 7720741.1, "trend": 58.608333, "fair_value": 99.690928, "relative_strength": 9.172887, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.808586, "energy": 16.187352, "activity_lines": [ 60.125334, 61.179091, 60.988381, 60.693376 ] }, { "date": "2025-04-11", "close": 55.279999, "volume": 11788169, "typical_volume": 7560599.95, "trend": 59.089667, "fair_value": 98.482386, "relative_strength": 2.696699, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -37.638915, "energy": 28.790797, "activity_lines": [ 58.324667, 60.068182, 60.388095, 60.478645 ] }, { "date": "2025-04-18", "close": 53.970001, "volume": 5822416, "typical_volume": 7285617.1, "trend": 59.535667, "fair_value": 97.158438, "relative_strength": -1.102724, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -41.761281, "energy": 50.6667, "activity_lines": [ 56.608, 58.768909, 59.695572, 60.148344 ] }, { "date": "2025-04-25", "close": 54.580002, "volume": 4472132, "typical_volume": 6910965.2, "trend": 59.821667, "fair_value": 96.003313, "relative_strength": -0.610442, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.689975, "energy": 54.621836, "activity_lines": [ 55.630001, 57.717091, 59.12081, 59.828624 ] }, { "date": "2025-05-02", "close": 56.849998, "volume": 3258494, "typical_volume": 6553242.9, "trend": 59.877333, "fair_value": 95.012091, "relative_strength": 3.923051, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -57.533931, "energy": 59.425881, "activity_lines": [ 55.71, 57.229273, 58.837429, 59.636903 ] }, { "date": "2025-05-09", "close": 55.880001, "volume": 3971638, "typical_volume": 6438476.05, "trend": 59.973333, "fair_value": 94.157944, "relative_strength": 0.244798, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.554963, "energy": 52.998072, "activity_lines": [ 55.584, 56.698909, 58.497572, 59.379011 ] }, { "date": "2025-05-16", "close": 57.619999, "volume": 5390624, "typical_volume": 6339105.6, "trend": 60.100667, "fair_value": 93.445682, "relative_strength": 2.512388, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.423689, "energy": 30.780775, "activity_lines": [ 56.353333, 56.630364, 58.35981, 59.227183 ] }, { "date": "2025-05-23", "close": 57.5, "volume": 9392854, "typical_volume": 6414208.25, "trend": 60.114, "fair_value": 92.844887, "relative_strength": 2.809507, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.219653, "energy": 19.736416, "activity_lines": [ 56.926666, 56.639455, 58.221857, 59.059398 ] }, { "date": "2025-05-30", "close": 58.689999, "volume": 5994293, "typical_volume": 6355515.8, "trend": 60.248333, "fair_value": 92.265942, "relative_strength": 4.776996, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.883231, "energy": 15.989645, "activity_lines": [ 57.661333, 56.946727, 58.207238, 58.967527 ] }, { "date": "2025-06-06", "close": 59.529999, "volume": 5838856, "typical_volume": 6423056.85, "trend": 60.184, "fair_value": 91.687726, "relative_strength": 4.848209, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.839772, "energy": 15.658924, "activity_lines": [ 58.401999, 57.414181, 58.255571, 58.921183 ] }, { "date": "2025-06-13", "close": 60.450001, "volume": 8431491, "typical_volume": 6539746.45, "trend": 60.067, "fair_value": 91.02683, "relative_strength": 6.445015, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.619108, "energy": 14.482717, "activity_lines": [ 59.270666, 58.032182, 58.381524, 58.938344 ] }, { "date": "2025-06-20", "close": 60.799999, "volume": 6679136, "typical_volume": 6828265.4, "trend": 60.023333, "fair_value": 90.277622, "relative_strength": 7.193138, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.722499, "energy": 12.668459, "activity_lines": [ 59.951333, 58.716727, 58.532714, 58.985634 ] }, { "date": "2025-06-27", "close": 58.5, "volume": 6627314, "typical_volume": 6897511.4, "trend": 59.756667, "fair_value": 89.556398, "relative_strength": 0.828642, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.163115, "energy": 12.298706, "activity_lines": [ 59.653333, 58.882727, 58.451619, 58.887355 ] }, { "date": "2025-07-04", "close": 60.299999, "volume": 7331660, "typical_volume": 6847080.15, "trend": 59.421, "fair_value": 88.717702, "relative_strength": 2.037057, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.821079, "energy": 14.886093, "activity_lines": [ 59.888666, 59.293636, 58.556143, 58.922408 ] }, { "date": "2025-07-11", "close": 61.990002, "volume": 9290454, "typical_volume": 6930819.7, "trend": 59.341, "fair_value": 87.931101, "relative_strength": 3.334262, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.879762, "energy": 31.680189, "activity_lines": [ 60.58, 59.907818, 58.834, 59.088151 ] }, { "date": "2025-07-18", "close": 68.0, "volume": 13484669, "typical_volume": 6971754.1, "trend": 59.490333, "fair_value": 87.097954, "relative_strength": 11.906982, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 83.806736, "energy": 69.654103, "activity_lines": [ 63.110667, 61.521273, 59.694809, 59.646796 ] }, { "date": "2025-07-25", "close": 70.879997, "volume": 17125831, "typical_volume": 7506103.3, "trend": 59.853667, "fair_value": 86.305779, "relative_strength": 13.957817, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.436415, "energy": 83.614595, "activity_lines": [ 66.097999, 63.438, 60.810285, 60.381613 ] }, { "date": "2025-08-01", "close": 79.809998, "volume": 31617048, "typical_volume": 8771628.55, "trend": 60.527333, "fair_value": 85.650563, "relative_strength": 28.330698, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.274489, "energy": 94.853671, "activity_lines": [ 71.389999, 66.737272, 62.739142, 61.669118 ] }, { "date": "2025-08-08", "close": 83.75, "volume": 27780748, "typical_volume": 9885018.1, "trend": 61.482, "fair_value": 85.083353, "relative_strength": 30.558345, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.150622, "energy": 96.230267, "activity_lines": [ 76.574666, 70.347272, 64.958428, 63.167355 ] }, { "date": "2025-08-15", "close": 84.440002, "volume": 15384328, "typical_volume": 10386472.3, "trend": 62.382333, "fair_value": 84.556023, "relative_strength": 28.241136, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.621817, "energy": 93.953227, "activity_lines": [ 80.426, 73.627091, 67.126047, 64.648516 ] }, { "date": "2025-08-22", "close": 87.550003, "volume": 19113859, "typical_volume": 10939800.7, "trend": 63.342333, "fair_value": 84.08415, "relative_strength": 27.133906, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.494952, "energy": 93.651448, "activity_lines": [ 83.817334, 77.019455, 69.466857, 66.272237 ] }, { "date": "2025-08-29", "close": 82.440002, "volume": 18972391, "typical_volume": 11299011.8, "trend": 64.156333, "fair_value": 83.568679, "relative_strength": 17.824886, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.750291, "energy": 80.979802, "activity_lines": [ 84.202002, 78.990001, 71.192715, 67.504344 ] }, { "date": "2025-09-05", "close": 82.900002, "volume": 14609462, "typical_volume": 11738364.1, "trend": 64.870334, "fair_value": 83.035113, "relative_strength": 18.934725, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.311921, "energy": 63.357708, "activity_lines": [ 83.969335, 80.650728, 72.833048, 68.713613 ] }, { "date": "2025-09-12", "close": 84.550003, "volume": 12446441, "typical_volume": 12137079.55, "trend": 65.592, "fair_value": 82.575192, "relative_strength": 18.640376, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.357005, "energy": 58.48687, "activity_lines": [ 84.080669, 82.16782, 74.492763, 69.983269 ] }, { "date": "2025-09-19", "close": 79.839996, "volume": 10977520, "typical_volume": 12523030.85, "trend": 66.113, "fair_value": 82.101154, "relative_strength": 12.797572, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.157467, "energy": 47.343064, "activity_lines": [ 82.568667, 82.387637, 75.561191, 70.902495 ] }, { "date": "2025-09-26", "close": 76.400002, "volume": 9025968, "typical_volume": 12775747.35, "trend": 66.530333, "fair_value": 81.764936, "relative_strength": 7.148918, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.476943, "energy": 33.78169, "activity_lines": [ 80.216667, 81.657455, 76.192524, 71.566172 ] }, { "date": "2025-10-03", "close": 79.519997, "volume": 3070545, "typical_volume": 12659743.4, "trend": 67.078, "fair_value": 81.402244, "relative_strength": 9.508628, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.422837, "energy": 27.845013, "activity_lines": [ 79.647999, 81.341818, 77.023286, 72.404215 ] }, { "date": "2025-10-10", "close": 76.300003, "volume": 3515917, "typical_volume": 12365896.55, "trend": 67.554667, "fair_value": 81.053333, "relative_strength": 4.35657, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.437919, "energy": 21.982004, "activity_lines": [ 78.200667, 80.283637, 77.443096, 72.999183 ] }, { "date": "2025-10-17", "close": 72.699997, "volume": 7117664, "typical_volume": 12422065.1, "trend": 68.008, "fair_value": 80.780257, "relative_strength": 0.664325, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.621055, "energy": 21.020419, "activity_lines": [ 75.993333, 78.634727, 77.430524, 73.33114 ] }, { "date": "2025-10-24", "close": 74.550003, "volume": 5669142, "typical_volume": 12413579.4, "trend": 68.539334, "fair_value": 80.4825, "relative_strength": 0.176431, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.710233, "energy": 15.453679, "activity_lines": [ 75.192667, 77.523091, 77.527429, 73.753205 ] }, { "date": "2025-10-31", "close": 79.160004, "volume": 12721458, "typical_volume": 12628077.75, "trend": 69.157667, "fair_value": 80.167116, "relative_strength": 5.892767, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.495872, "energy": 16.634283, "activity_lines": [ 76.281335, 77.429456, 77.991858, 74.438409 ] }, { "date": "2025-11-07", "close": 74.269997, "volume": 8051879, "typical_volume": 12696714.9, "trend": 69.790667, "fair_value": 79.825898, "relative_strength": -1.78904, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.57421, "energy": 13.494032, "activity_lines": [ 75.556, 76.599273, 77.901477, 74.768237 ] }, { "date": "2025-11-14", "close": 75.080002, "volume": 7609441, "typical_volume": 12745821.25, "trend": 70.494334, "fair_value": 79.101987, "relative_strength": -0.502906, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.547898, "energy": 9.518917, "activity_lines": [ 75.450668, 76.06491, 77.824096, 75.109484 ] }, { "date": "2025-11-21", "close": 66.800003, "volume": 6908191, "typical_volume": 12724647.8, "trend": 70.901667, "fair_value": 77.941218, "relative_strength": -7.734498, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -15.48976, "energy": 26.065214, "activity_lines": [ 72.666668, 74.167274, 76.879191, 74.87114 ] }, { "date": "2025-11-28", "close": 68.449997, "volume": 6091145, "typical_volume": 12564682.35, "trend": 71.288334, "fair_value": 76.999872, "relative_strength": -6.533833, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -30.541629, "energy": 48.315638, "activity_lines": [ 70.826, 72.892364, 76.060477, 74.712968 ] }, { "date": "2025-12-05", "close": 66.139999, "volume": 5548478, "typical_volume": 12167872.8, "trend": 71.630334, "fair_value": 75.894487, "relative_strength": -9.673316, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.438333, "energy": 59.680807, "activity_lines": [ 68.622, 71.404546, 74.991, 74.380818 ] }, { "date": "2025-12-12", "close": 65.279999, "volume": 5248920, "typical_volume": 11574027.25, "trend": 71.885667, "fair_value": 74.911667, "relative_strength": -10.337103, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.240343, "energy": 70.411209, "activity_lines": [ 66.999333, 69.946909, 73.848476, 73.971119 ] }, { "date": "2025-12-19", "close": 63.400002, "volume": 5584425, "typical_volume": 10272396.1, "trend": 72.082334, "fair_value": 74.00391, "relative_strength": -12.714132, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.390216, "energy": 74.224759, "activity_lines": [ 65.349333, 68.406364, 72.553572, 73.423656 ] }, { "date": "2025-12-26", "close": 64.07, "volume": 5134445, "typical_volume": 9140080.95, "trend": 72.261667, "fair_value": 73.185513, "relative_strength": -13.289562, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.515265, "energy": 74.221119, "activity_lines": [ 64.701333, 67.222182, 71.400619, 72.906732 ] }, { "date": "2026-01-02", "close": 62.849998, "volume": 2918290, "typical_volume": 8516779.05, "trend": 72.372334, "fair_value": 72.338398, "relative_strength": -14.812005, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -73.639204, "energy": 84.856123, "activity_lines": [ 63.828666, 65.973091, 70.225191, 72.299527 ] }, { "date": "2026-01-09", "close": 68.690002, "volume": 9936421, "typical_volume": 8057907.15, "trend": 72.647, "fair_value": 71.736474, "relative_strength": -10.254471, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.778272, "energy": 59.438807, "activity_lines": [ 65.276, 65.998546, 69.708762, 72.061957 ] }, { "date": "2026-01-16", "close": 68.57, "volume": 14627777, "typical_volume": 7840676.45, "trend": 72.906, "fair_value": 71.24, "relative_strength": -9.913777, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.652749, "energy": 37.684627, "activity_lines": [ 66.513334, 66.192546, 69.270714, 71.798925 ] }, { "date": "2026-01-23", "close": 69.139999, "volume": 8846092, "typical_volume": 7552507.95, "trend": 73.260667, "fair_value": 70.723526, "relative_strength": -9.791245, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.020368, "energy": 26.67185, "activity_lines": [ 67.721333, 66.593818, 68.953, 71.555957 ] }, { "date": "2026-01-30", "close": 68.639999, "volume": 28054842, "typical_volume": 8332928.0, "trend": 73.538667, "fair_value": 70.208205, "relative_strength": -9.937115, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.893542, "energy": 24.185161, "activity_lines": [ 68.38, 67.012182, 68.65319, 71.25785 ] }, { "date": "2026-02-06", "close": 65.18, "volume": 9769239, "typical_volume": 8272513.95, "trend": 73.645, "fair_value": 69.685577, "relative_strength": -13.142829, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.92849, "energy": 23.161916, "activity_lines": [ 67.580666, 66.768, 68.099619, 70.718581 ] }, { "date": "2026-02-13", "close": 63.900002, "volume": 6525319, "typical_volume": 8147481.5, "trend": 73.508334, "fair_value": 69.201795, "relative_strength": -14.914085, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.871396, "energy": 34.209369, "activity_lines": [ 66.199334, 66.350546, 67.493953, 70.089871 ] }, { "date": "2026-02-27", "close": 72.0, "volume": 10710529, "typical_volume": 8529480.7, "trend": 73.545667, "fair_value": 68.771667, "relative_strength": -5.821585, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.339198, "energy": 16.120609, "activity_lines": [ 67.837334, 67.446546, 67.719238, 69.992559 ] }, { "date": "2026-03-06", "close": 71.779999, "volume": 13356135, "typical_volume": 9021491.6, "trend": 73.278, "fair_value": 68.349872, "relative_strength": -5.04654, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.360036, "energy": 6.86085, "activity_lines": [ 69.173333, 68.380364, 67.959381, 69.878645 ] }, { "date": "2026-03-13", "close": 69.989998, "volume": 8517368, "typical_volume": 9091476.8, "trend": 72.819334, "fair_value": 67.937692, "relative_strength": -6.606104, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.50538, "energy": 11.898419, "activity_lines": [ 69.736666, 68.836363, 68.050571, 69.666516 ] }, { "date": "2026-03-20", "close": 71.760002, "volume": 11956703, "typical_volume": 9405854.85, "trend": 72.396667, "fair_value": 67.598974, "relative_strength": -0.89563, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.040681, "energy": 16.133607, "activity_lines": [ 70.8, 69.506545, 68.323238, 69.598172 ] }, { "date": "2026-03-27", "close": 68.019997, "volume": 13847331, "typical_volume": 9462148.5, "trend": 71.745667, "fair_value": 67.236923, "relative_strength": -5.002388, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.393652, "energy": 12.562788, "activity_lines": [ 70.177999, 69.334727, 68.253, 69.315806 ] }, { "date": "2026-04-03", "close": 67.0, "volume": 13681988, "typical_volume": 9743653.95, "trend": 71.231, "fair_value": 66.908205, "relative_strength": -5.59403, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.260742, "energy": 11.733183, "activity_lines": [ 68.941333, 68.989636, 68.138666, 69.009634 ] }, { "date": "2026-04-10", "close": 66.739998, "volume": 7199627, "typical_volume": 9723163.25, "trend": 70.692333, "fair_value": 66.557244, "relative_strength": -8.329796, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.45571, "energy": 17.290235, "activity_lines": [ 67.951332, 68.625817, 68.03419, 68.719892 ] }, { "date": "2026-04-17", "close": 71.660004, "volume": 12234936, "typical_volume": 9989500.5, "trend": 70.262667, "fair_value": 66.287949, "relative_strength": -3.218799, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.958143, "energy": 11.092489, "activity_lines": [ 68.937334, 69.200182, 68.438, 68.782323 ] }, { "date": "2026-04-24", "close": 65.550003, "volume": 9563586, "typical_volume": 10163122.55, "trend": 69.786334, "fair_value": 65.959487, "relative_strength": -12.051201, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.238162, "energy": 21.497278, "activity_lines": [ 67.775335, 68.608728, 68.236762, 68.47828 ] }, { "date": "2026-05-01", "close": 61.509998, "volume": 9458716, "typical_volume": 10358634.45, "trend": 69.29, "fair_value": 65.597372, "relative_strength": -17.980446, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -65.59935, "energy": 44.521201, "activity_lines": [ 65.680667, 67.276, 67.664571, 67.944323 ] }, { "date": "2026-05-08", "close": 62.709999, "volume": 5835154, "typical_volume": 10387946.15, "trend": 68.729667, "fair_value": 65.325192, "relative_strength": -17.533497, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -62.072502, "energy": 54.561029, "activity_lines": [ 64.42, 66.204909, 67.228714, 67.519806 ] }, { "date": "2026-05-15", "close": 59.98, "volume": 15988141, "typical_volume": 10908131.95, "trend": 68.185667, "fair_value": 65.064103, "relative_strength": -20.086343, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.152171, "energy": 66.220358, "activity_lines": [ 62.535333, 64.806364, 66.545095, 66.955312 ] }, { "date": "2026-05-22", "close": 62.400002, "volume": 15551524, "typical_volume": 11428985.9, "trend": 67.842334, "fair_value": 64.855128, "relative_strength": -16.235368, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.431828, "energy": 60.321781, "activity_lines": [ 61.908, 64.062364, 66.108238, 66.582043 ] }, { "date": "2026-05-29", "close": 58.549999, "volume": 12872799, "typical_volume": 11926711.35, "trend": 67.309, "fair_value": 64.63141, "relative_strength": -20.311823, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.008856, "energy": 62.968305, "activity_lines": [ 60.614667, 62.756364, 65.312667, 65.982538 ] }, { "date": "2026-06-05", "close": 52.16, "volume": 1471823, "typical_volume": 11503481.45, "trend": 66.409, "fair_value": 64.36, "relative_strength": -27.93744, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.898494, "energy": 74.914936, "activity_lines": [ 57.658, 60.528727, 63.929, 65.005183 ] }, { "date": "2026-06-12", "close": 51.41, "volume": 1794142, "typical_volume": 10861799.7, "trend": 65.647, "fair_value": 64.096154, "relative_strength": -28.67129, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.609788, "energy": 78.886869, "activity_lines": [ 55.074667, 58.453091, 62.552619, 64.037505 ] }, { "date": "2026-06-19", "close": 49.93, "volume": 5176371, "typical_volume": 10678313.65, "trend": 64.808667, "fair_value": 63.828013, "relative_strength": -31.302605, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.604653, "energy": 84.300997, "activity_lines": [ 52.751333, 56.391818, 61.117, 63.023505 ] }, { "date": "2026-06-26", "close": 47.900002, "volume": 1770101, "typical_volume": 9364076.6, "trend": 64.178667, "fair_value": 63.585128, "relative_strength": -32.608773, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.116933, "energy": 89.097203, "activity_lines": [ 50.421334, 54.267091, 59.579524, 61.932624 ] }, { "date": "2026-07-03", "close": 53.049999, "volume": 2002919, "typical_volume": 8975760.6, "trend": 63.665333, "fair_value": 63.375321, "relative_strength": -25.342944, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.194231, "energy": 79.060367, "activity_lines": [ 50.774667, 53.510727, 58.631286, 61.214645 ] }, { "date": "2026-07-10", "close": 51.279999, "volume": 10437688, "typical_volume": 9171379.05, "trend": 63.17, "fair_value": 63.188654, "relative_strength": -26.612305, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.244227, "energy": 60.17973, "activity_lines": [ 50.904666, 52.659818, 57.572238, 60.415591 ] }, { "date": "2026-07-17", "close": 49.549999, "volume": 12818599, "typical_volume": 9276782.55, "trend": 62.645667, "fair_value": 62.983846, "relative_strength": -24.343285, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.998714, "energy": 53.264464, "activity_lines": [ 50.516666, 51.680363, 56.408524, 59.536882 ] }, { "date": "2026-07-24", "close": 48.349998, "volume": 8583404, "typical_volume": 9038146.0, "trend": 62.144, "fair_value": 62.783974, "relative_strength": -26.611803, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.384292, "energy": 51.677545, "activity_lines": [ 49.852666, 50.721999, 55.237428, 58.61458 ] }, { "date": "2026-07-31", "close": 50.189999, "volume": 7053308, "typical_volume": 8964943.0, "trend": 61.681333, "fair_value": 62.589615, "relative_strength": -23.614465, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.602078, "energy": 48.716479, "activity_lines": [ 49.907332, 50.309636, 54.353143, 57.843355 ] }, { "date": "2026-08-07", "close": 54.27, "volume": 9510597, "typical_volume": 8842637.7, "trend": 61.395333, "fair_value": 62.437885, "relative_strength": -18.877708, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.913119, "energy": 37.082781, "activity_lines": [ 51.169332, 50.86109, 53.951714, 57.365204 ] } ], "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." } } }