{ "ticker": { "uuid": "4a380cf2-0525-4c53-bfe2-bf4ca7af7fef", "symbol": "603079", "name": "Zhejiang Shengda Bio-Pharm 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": -65.667, "architecture_energy": 64.866, "architecture_maturity": 81.301, "architecture_confidence": 96, "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": 7.71, "rotation_up": 26.96, "upward_expansion": 12.0, "deceleration": 59.11, "rotation_down": 56.98, "downward_expansion": 85.33 }, "activity_lines": [ 11.076, 11.342265, 12.614183, 13.866474 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 11.74, "trend_reference": 15.621373, "distance_from_trend": -0.248466, "trend_direction": "Weakening", "fair_value": 14.472852, "distance_from_fair_value": -0.188826, "fair_value_direction": "Weakening", "relative_strength": -29.131888, "relative_strength_direction": "Weakening", "price_momentum": -0.423662, "excess_performance": -0.380458, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.248466, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.124013, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.188826, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.280233, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.291319, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.10031, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.423662, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.30917, "read": "Supply-led" } ], "volume": { "latest": 14524200, "relative_activity": 1.084915, "balance": 0.30917, "dry_up": 1.26104, "accumulation_observations": 2, "distribution_observations": 5 }, "risk": { "range_context": 0.090523, "annualized_volatility": 0.348395, "from_high_reference": -0.466364, "from_low_reference": 0.181087 }, "levels": { "trend_reference": 15.621373, "fair_value_reference": 14.472852, "structural_low": 9.94, "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": 19, "median_return": -0.018378, "positive_rate": 0.473684, "directional_follow_through": 0.526316, "median_excess_return": -0.002394, "regime_survival": 0.736842, "best_return": 0.325405, "worst_return": -0.206009, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.01996, "positive_rate": 0.714286, "directional_follow_through": 0.285714, "median_excess_return": 0.041109, "regime_survival": 0.285714, "best_return": 0.301769, "worst_return": -0.344686, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.107752, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": 0.168853, "regime_survival": 0.0, "best_return": 0.177232, "worst_return": -0.068177, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.020774, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": 0.033349, "regime_survival": 0.0, "best_return": 0.687251, "worst_return": -0.116129, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-07-19", "end": "2024-10-25", "tenure": "Established", "return": 0.136752, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-01", "end": "2024-12-27", "tenure": "Developing", "return": 0.066817, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-03", "end": "2025-03-21", "tenure": "Developing", "return": 0.104895, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-28", "end": "2025-04-11", "tenure": "New", "return": 0.159155, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-04-18", "end": "2025-09-05", "tenure": "Established", "return": 0.130604, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-12", "end": "2025-11-07", "tenure": "Developing", "return": 0.131094, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-14", "end": "2025-12-05", "tenure": "New", "return": -0.153846, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-12", "end": "2025-12-26", "tenure": "New", "return": 0.010714, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-01-02", "end": "2026-01-09", "tenure": "New", "return": 0.032731, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-16", "end": "2026-01-23", "tenure": "New", "return": 0.062531, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-30", "end": "2026-03-13", "tenure": "Developing", "return": -0.115366, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-03-27", "tenure": "New", "return": 0.019772, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-03", "end": "2026-04-10", "tenure": "New", "return": 0.009052, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-17", "end": "2026-08-07", "tenure": "Established", "return": -0.310628, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 12.993937, "volume": 5634116, "typical_volume": 5437738.3, "trend": 12.87494, "fair_value": 16.89625, "relative_strength": -2.631118, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.667828, "energy": 8.894052, "activity_lines": [ 12.821613, 12.728039, 12.624202, 12.743643 ] }, { "date": "2023-08-04", "close": 12.695683, "volume": 4555856, "typical_volume": 5125977.3, "trend": 12.884211, "fair_value": 16.779255, "relative_strength": -5.116115, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.091287, "energy": 8.808982, "activity_lines": [ 12.787148, 12.739066, 12.629592, 12.732078 ] }, { "date": "2023-08-11", "close": 12.735451, "volume": 6401110, "typical_volume": 5195406.75, "trend": 12.884913, "fair_value": 16.669647, "relative_strength": -1.839572, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.888338, "energy": 7.202723, "activity_lines": [ 12.76859, 12.755696, 12.640696, 12.72248 ] }, { "date": "2023-08-18", "close": 12.645975, "volume": 5808744, "typical_volume": 5164565.7, "trend": 12.886921, "fair_value": 16.553194, "relative_strength": -0.748676, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.889622, "energy": 10.538994, "activity_lines": [ 12.726172, 12.746658, 12.645675, 12.707065 ] }, { "date": "2023-08-25", "close": 12.258244, "volume": 5178155, "typical_volume": 5245498.85, "trend": 12.857534, "fair_value": 16.43776, "relative_strength": -1.615406, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.411228, "energy": 20.844361, "activity_lines": [ 12.564452, 12.65447, 12.614477, 12.666505 ] }, { "date": "2023-09-01", "close": 12.84481, "volume": 5434468, "typical_volume": 5270322.05, "trend": 12.826921, "fair_value": 16.318338, "relative_strength": 0.791696, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.13787, "energy": 11.463432, "activity_lines": [ 12.624102, 12.683392, 12.641927, 12.665684 ] }, { "date": "2023-09-08", "close": 12.566441, "volume": 3949080, "typical_volume": 5270248.85, "trend": 12.780433, "fair_value": 16.20408, "relative_strength": -0.784665, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.058171, "energy": 15.988436, "activity_lines": [ 12.600905, 12.655916, 12.642386, 12.648879 ] }, { "date": "2023-09-15", "close": 13.033705, "volume": 5475277, "typical_volume": 5297987.9, "trend": 12.755127, "fair_value": 16.084332, "relative_strength": 2.935401, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.137023, "energy": 3.303362, "activity_lines": [ 12.742079, 12.716471, 12.684989, 12.665219 ] }, { "date": "2023-09-22", "close": 13.053589, "volume": 6619121, "typical_volume": 5511667.95, "trend": 12.727516, "fair_value": 15.975226, "relative_strength": 2.635629, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.834268, "energy": 28.973395, "activity_lines": [ 12.869997, 12.776845, 12.726315, 12.684475 ] }, { "date": "2023-09-29", "close": 13.272308, "volume": 4585292, "typical_volume": 5562684.05, "trend": 12.718079, "fair_value": 15.89089, "relative_strength": 5.014444, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 61.057787, "energy": 54.496121, "activity_lines": [ 13.043647, 12.872286, 12.785584, 12.719623 ] }, { "date": "2023-10-13", "close": 13.421435, "volume": 5108053, "typical_volume": 5658317.7, "trend": 12.710315, "fair_value": 15.804866, "relative_strength": 6.830053, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.983072, "energy": 64.575045, "activity_lines": [ 13.199402, 12.983454, 12.854326, 12.765 ] }, { "date": "2023-10-20", "close": 12.476964, "volume": 4850503, "typical_volume": 5721013.45, "trend": 12.689538, "fair_value": 15.715739, "relative_strength": 2.778435, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.945071, "energy": 36.544978, "activity_lines": [ 13.001891, 12.915126, 12.828904, 12.749946 ] }, { "date": "2023-10-27", "close": 13.371726, "volume": 6497016, "typical_volume": 5852765.1, "trend": 12.69397, "fair_value": 15.638682, "relative_strength": 8.787677, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.300351, "energy": 40.353689, "activity_lines": [ 13.1086, 13.01346, 12.889312, 12.793958 ] }, { "date": "2023-11-03", "close": 13.689864, "volume": 9230099, "typical_volume": 6135582.05, "trend": 12.723517, "fair_value": 15.55899, "relative_strength": 10.801793, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.591546, "energy": 41.93537, "activity_lines": [ 13.29882, 13.158068, 12.974527, 12.858209 ] }, { "date": "2023-11-10", "close": 13.819107, "volume": 6721835, "typical_volume": 5580166.65, "trend": 12.756054, "fair_value": 15.478406, "relative_strength": 11.441653, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.641923, "energy": 44.189891, "activity_lines": [ 13.489702, 13.307195, 13.063767, 12.928892 ] }, { "date": "2023-11-17", "close": 13.868816, "volume": 5769080, "typical_volume": 5562874.4, "trend": 12.793545, "fair_value": 15.401706, "relative_strength": 11.156715, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.231262, "energy": 68.236043, "activity_lines": [ 13.660701, 13.43698, 13.154095, 13.000683 ] }, { "date": "2023-11-24", "close": 14.326139, "volume": 7552280, "typical_volume": 5636849.0, "trend": 12.868709, "fair_value": 15.331382, "relative_strength": 15.117918, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.066614, "energy": 77.385356, "activity_lines": [ 13.954316, 13.631297, 13.281587, 13.09956 ] }, { "date": "2023-12-01", "close": 14.008001, "volume": 8330920, "typical_volume": 5802282.0, "trend": 12.923373, "fair_value": 15.264737, "relative_strength": 12.81267, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.957727, "energy": 72.278484, "activity_lines": [ 14.018606, 13.735777, 13.371205, 13.173063 ] }, { "date": "2023-12-08", "close": 13.590446, "volume": 6805988, "typical_volume": 5963391.6, "trend": 12.96148, "fair_value": 15.19972, "relative_strength": 11.566359, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.156133, "energy": 57.546114, "activity_lines": [ 13.901293, 13.746622, 13.415423, 13.2161 ] }, { "date": "2023-12-15", "close": 13.660038, "volume": 8428040, "typical_volume": 6146751.65, "trend": 13.007514, "fair_value": 15.131398, "relative_strength": 13.019207, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.379068, "energy": 38.672923, "activity_lines": [ 13.813805, 13.76036, 13.462481, 13.261168 ] }, { "date": "2023-12-22", "close": 13.341901, "volume": 8715830, "typical_volume": 6300837.35, "trend": 13.034368, "fair_value": 15.06774, "relative_strength": 11.277496, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.514542, "energy": 20.218515, "activity_lines": [ 13.630876, 13.709205, 13.474411, 13.282742 ] }, { "date": "2023-12-29", "close": 14.485208, "volume": 61419022, "typical_volume": 9143995.65, "trend": 13.097001, "fair_value": 15.005568, "relative_strength": 18.137342, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.656022, "energy": 27.84215, "activity_lines": [ 13.864177, 13.86737, 13.59357, 13.376344 ] }, { "date": "2024-01-05", "close": 14.326139, "volume": 44413566, "typical_volume": 11044618.45, "trend": 13.167256, "fair_value": 14.939364, "relative_strength": 18.294726, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.436669, "energy": 32.860907, "activity_lines": [ 14.03385, 13.9601, 13.689059, 13.455643 ] }, { "date": "2024-01-12", "close": 13.918526, "volume": 26514529, "typical_volume": 12079907.7, "trend": 13.232872, "fair_value": 14.880201, "relative_strength": 16.372936, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.137439, "energy": 29.915609, "activity_lines": [ 14.046443, 13.961365, 13.738153, 13.504112 ] }, { "date": "2024-01-19", "close": 12.695683, "volume": 13662212, "typical_volume": 12504110.55, "trend": 13.220942, "fair_value": 14.826052, "relative_strength": 7.783597, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.885914, "energy": 10.791607, "activity_lines": [ 13.62955, 13.736138, 13.664725, 13.469455 ] }, { "date": "2024-01-26", "close": 13.182832, "volume": 42920080, "typical_volume": 14378391.15, "trend": 13.242814, "fair_value": 14.777731, "relative_strength": 8.625011, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.334569, "energy": 8.845537, "activity_lines": [ 13.43933, 13.61991, 13.63561, 13.466996 ] }, { "date": "2024-02-02", "close": 9.971629, "volume": 18791497, "typical_volume": 15120512.0, "trend": 13.150687, "fair_value": 14.710055, "relative_strength": -12.265002, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -43.925902, "energy": 47.044044, "activity_lines": [ 12.189314, 12.932298, 13.299056, 13.255952 ] }, { "date": "2024-02-09", "close": 8.032977, "volume": 22635257, "typical_volume": 15978511.0, "trend": 12.990955, "fair_value": 14.628907, "relative_strength": -32.227163, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -89.193604, "energy": 86.288307, "activity_lines": [ 10.593986, 11.971378, 12.790225, 12.925777 ] }, { "date": "2024-02-23", "close": 9.554073, "volume": 15509569, "typical_volume": 16423033.4, "trend": 12.882921, "fair_value": 14.549884, "relative_strength": -22.726018, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.945373, "energy": 83.181711, "activity_lines": [ 9.925234, 11.395657, 12.450073, 12.704043 ] }, { "date": "2024-03-01", "close": 9.414888, "volume": 21335910, "typical_volume": 17260564.3, "trend": 12.775218, "fair_value": 14.483867, "relative_strength": -23.993813, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.320199, "energy": 82.987816, "activity_lines": [ 9.50105, 10.868018, 12.11333, 12.480299 ] }, { "date": "2024-03-08", "close": 9.911979, "volume": 17043237, "typical_volume": 17857323.5, "trend": 12.672486, "fair_value": 14.408491, "relative_strength": -20.106392, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.899052, "energy": 77.998276, "activity_lines": [ 9.461283, 10.507944, 11.842298, 12.295574 ] }, { "date": "2024-03-15", "close": 10.090931, "volume": 29061042, "typical_volume": 19067850.45, "trend": 12.585661, "fair_value": 14.333217, "relative_strength": -18.597799, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.575798, "energy": 50.099075, "activity_lines": [ 9.699224, 10.242769, 11.60502, 12.129022 ] }, { "date": "2024-03-22", "close": 11.582201, "volume": 16028716, "typical_volume": 19544435.45, "trend": 12.547219, "fair_value": 14.258094, "relative_strength": -6.175541, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.808477, "energy": 33.003872, "activity_lines": [ 10.426301, 10.32863, 11.52113, 12.064283 ] }, { "date": "2024-03-29", "close": 12.486906, "volume": 55675947, "typical_volume": 21866727.85, "trend": 12.541917, "fair_value": 14.191169, "relative_strength": 1.345176, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.502877, "energy": 18.337654, "activity_lines": [ 11.218332, 10.628873, 11.531924, 12.060391 ] }, { "date": "2024-04-05", "close": 11.07517, "volume": 36010198, "typical_volume": 23331146.0, "trend": 12.502481, "fair_value": 14.125033, "relative_strength": -10.747652, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.433315, "energy": 21.512874, "activity_lines": [ 11.344261, 10.698466, 11.413996, 11.965763 ] }, { "date": "2024-04-12", "close": 10.448836, "volume": 27330065, "typical_volume": 24409195.25, "trend": 12.422615, "fair_value": 14.058018, "relative_strength": -14.221517, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.210513, "energy": 21.764669, "activity_lines": [ 11.150727, 10.683643, 11.249482, 11.833269 ] }, { "date": "2024-04-19", "close": 9.196169, "volume": 21768040, "typical_volume": 25119983.25, "trend": 12.310273, "fair_value": 13.983342, "relative_strength": -25.326933, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.000933, "energy": 25.729547, "activity_lines": [ 10.503847, 10.490772, 10.981953, 11.625112 ] }, { "date": "2024-04-26", "close": 10.846508, "volume": 21323988, "typical_volume": 25769636.65, "trend": 12.237366, "fair_value": 13.922566, "relative_strength": -12.464505, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.496234, "energy": 28.090364, "activity_lines": [ 10.466731, 10.612062, 10.896028, 11.530675 ] }, { "date": "2024-05-03", "close": 12.795101, "volume": 30857562, "typical_volume": 26972215.35, "trend": 12.22875, "fair_value": 13.871206, "relative_strength": 2.494766, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -7.042605, "energy": 7.640143, "activity_lines": [ 11.128192, 11.036487, 11.010737, 11.566658 ] }, { "date": "2024-05-10", "close": 13.620271, "volume": 116901614, "typical_volume": 32395894.05, "trend": 12.240349, "fair_value": 13.825136, "relative_strength": 7.079804, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 6.714118, "energy": 12.692174, "activity_lines": [ 12.044164, 11.552015, 11.207822, 11.656434 ] }, { "date": "2024-05-17", "close": 12.188652, "volume": 67744476, "typical_volume": 35347326.35, "trend": 12.199256, "fair_value": 13.770627, "relative_strength": -4.219579, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.408369, "energy": 21.787781, "activity_lines": [ 12.313255, 11.730786, 11.268751, 11.653098 ] }, { "date": "2024-05-24", "close": 12.437197, "volume": 26702916, "typical_volume": 33611521.05, "trend": 12.19793, "fair_value": 13.717649, "relative_strength": -0.33515, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 15.026, "energy": 31.264449, "activity_lines": [ 12.549208, 11.913354, 11.358842, 11.668449 ] }, { "date": "2024-05-31", "close": 10.737148, "volume": 39930452, "typical_volume": 33387365.35, "trend": 12.110111, "fair_value": 13.673021, "relative_strength": -13.761664, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -16.122377, "energy": 20.901721, "activity_lines": [ 12.002408, 11.744163, 11.296777, 11.574205 ] }, { "date": "2024-06-07", "close": 10.230116, "volume": 17652338, "typical_volume": 32944255.8, "trend": 11.994786, "fair_value": 13.625635, "relative_strength": -16.650094, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -40.480848, "energy": 19.739696, "activity_lines": [ 11.293889, 11.498148, 11.203513, 11.452915 ] }, { "date": "2024-06-14", "close": 10.36, "volume": 12198106, "typical_volume": 32871050.5, "trend": 11.879483, "fair_value": 13.581296, "relative_strength": -14.923794, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -42.038466, "energy": 26.974785, "activity_lines": [ 10.799664, 11.316781, 11.140184, 11.347445 ] }, { "date": "2024-06-21", "close": 10.17, "volume": 14560071, "typical_volume": 31453050.05, "trend": 11.756189, "fair_value": 13.54035, "relative_strength": -15.399201, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -46.864798, "energy": 34.401531, "activity_lines": [ 10.459456, 11.113872, 11.069881, 11.237156 ] }, { "date": "2024-06-28", "close": 10.04, "volume": 13890600, "typical_volume": 31208005.2, "trend": 11.613318, "fair_value": 13.494943, "relative_strength": -15.370234, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.367408, "energy": 49.632168, "activity_lines": [ 10.210492, 10.892397, 11.001544, 11.126434 ] }, { "date": "2024-07-05", "close": 11.25, "volume": 34770098, "typical_volume": 31814747.25, "trend": 11.521384, "fair_value": 13.457194, "relative_strength": -4.561717, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.477595, "energy": 37.043549, "activity_lines": [ 10.524674, 10.875579, 11.04812, 11.102994 ] }, { "date": "2024-07-12", "close": 11.58, "volume": 53597690, "typical_volume": 33719153.3, "trend": 11.454369, "fair_value": 13.424068, "relative_strength": -2.43091, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -17.21467, "energy": 9.697651, "activity_lines": [ 10.914667, 10.911424, 11.110805, 11.106776 ] }, { "date": "2024-07-19", "close": 11.7, "volume": 49591912, "typical_volume": 35131953.4, "trend": 11.389035, "fair_value": 13.394721, "relative_strength": -1.741847, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.100956, "energy": 8.146059, "activity_lines": [ 11.254667, 10.991181, 11.175271, 11.122623 ] }, { "date": "2024-07-26", "close": 11.2, "volume": 36448667, "typical_volume": 36102224.9, "trend": 11.317638, "fair_value": 13.361794, "relative_strength": -2.930384, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.949462, "energy": 10.359477, "activity_lines": [ 11.338667, 11.014943, 11.181237, 11.110427 ] }, { "date": "2024-08-02", "close": 11.8, "volume": 48746626, "typical_volume": 37086504.1, "trend": 11.228131, "fair_value": 13.331082, "relative_strength": 1.727433, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.674839, "energy": 14.834768, "activity_lines": [ 11.554, 11.165771, 11.238212, 11.141547 ] }, { "date": "2024-08-09", "close": 12.22, "volume": 67517597, "typical_volume": 39660948.15, "trend": 11.157926, "fair_value": 13.307639, "relative_strength": 6.780403, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 56.584922, "energy": 40.679274, "activity_lines": [ 11.792, 11.404548, 11.327049, 11.205539 ] }, { "date": "2024-08-16", "close": 11.42, "volume": 40471123, "typical_volume": 38900706.95, "trend": 11.074642, "fair_value": 13.283898, "relative_strength": -0.8575, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 47.912162, "energy": 32.285937, "activity_lines": [ 11.698667, 11.470909, 11.336658, 11.222447 ] }, { "date": "2024-08-23", "close": 10.56, "volume": 20701772, "typical_volume": 38135285.65, "trend": 11.003453, "fair_value": 13.256524, "relative_strength": -7.387897, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 22.155275, "energy": 11.448629, "activity_lines": [ 11.329333, 11.359273, 11.269443, 11.189244 ] }, { "date": "2024-08-30", "close": 10.92, "volume": 13458452, "typical_volume": 37441705.0, "trend": 10.928025, "fair_value": 13.232588, "relative_strength": -3.730463, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 22.407796, "energy": 10.078311, "activity_lines": [ 11.156, 11.309455, 11.238967, 11.18386 ] }, { "date": "2024-09-06", "close": 10.56, "volume": 10551400, "typical_volume": 36880873.0, "trend": 10.947637, "fair_value": 13.20534, "relative_strength": -4.248107, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.921545, "energy": 11.09416, "activity_lines": [ 10.881333, 11.180545, 11.171961, 11.160117 ] }, { "date": "2024-09-13", "close": 10.39, "volume": 8933420, "typical_volume": 36261344.6, "trend": 11.026205, "fair_value": 13.171358, "relative_strength": -3.519684, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -26.592011, "energy": 25.967314, "activity_lines": [ 10.632667, 11.011273, 11.082271, 11.12414 ] }, { "date": "2024-09-20", "close": 10.36, "volume": 7343988, "typical_volume": 35085665.9, "trend": 11.053069, "fair_value": 13.142389, "relative_strength": -4.835253, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -28.13436, "energy": 36.761356, "activity_lines": [ 10.496, 10.852182, 10.991897, 11.081159 ] }, { "date": "2024-09-27", "close": 11.4, "volume": 13848136, "typical_volume": 29932992.0, "trend": 11.119239, "fair_value": 13.121655, "relative_strength": -6.957425, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.847816, "energy": 29.302106, "activity_lines": [ 10.776667, 10.904364, 11.012166, 11.103542 ] }, { "date": "2024-10-04", "close": 12.42, "volume": 10156995, "typical_volume": 27053617.95, "trend": 11.20284, "fair_value": 13.105766, "relative_strength": -5.993942, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.049388, "energy": 10.960757, "activity_lines": [ 11.341333, 11.147455, 11.140152, 11.187462 ] }, { "date": "2024-10-11", "close": 11.61, "volume": 28356753, "typical_volume": 27136309.8, "trend": 11.253476, "fair_value": 13.082928, "relative_strength": -8.589021, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.064254, "energy": 13.484801, "activity_lines": [ 11.536, 11.221091, 11.189892, 11.21373 ] }, { "date": "2024-10-18", "close": 11.91, "volume": 17387329, "typical_volume": 26009153.65, "trend": 11.264402, "fair_value": 13.042574, "relative_strength": -7.172869, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.741151, "energy": 26.24174, "activity_lines": [ 11.760667, 11.352727, 11.272143, 11.256086 ] }, { "date": "2024-10-25", "close": 13.3, "volume": 41151796, "typical_volume": 27184126.55, "trend": 11.291506, "fair_value": 13.020161, "relative_strength": 2.53894, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 74.071142, "energy": 65.681473, "activity_lines": [ 12.347333, 11.742727, 11.48119, 11.387415 ] }, { "date": "2024-11-01", "close": 13.32, "volume": 76794733, "typical_volume": 30413957.9, "trend": 11.366333, "fair_value": 12.99913, "relative_strength": 3.744829, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.654936, "energy": 68.216956, "activity_lines": [ 12.744667, 12.102182, 11.677524, 11.518286 ] }, { "date": "2024-11-08", "close": 14.94, "volume": 48395518, "typical_volume": 32105730.25, "trend": 11.516039, "fair_value": 12.985787, "relative_strength": 10.388299, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.86716, "energy": 84.394328, "activity_lines": [ 13.554, 12.706, 12.014048, 11.748845 ] }, { "date": "2024-11-15", "close": 17.120001, "volume": 58013310, "typical_volume": 34311865.75, "trend": 11.780166, "fair_value": 12.993692, "relative_strength": 30.732804, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.940352, "energy": 95.588074, "activity_lines": [ 14.922, 13.633091, 12.535476, 12.110391 ] }, { "date": "2024-11-22", "close": 18.98, "volume": 124556509, "typical_volume": 38801186.3, "trend": 12.051283, "fair_value": 13.014273, "relative_strength": 46.84351, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.935105, "energy": 96.630882, "activity_lines": [ 16.542667, 14.779091, 13.200333, 12.574896 ] }, { "date": "2024-11-29", "close": 15.27, "volume": 76846743, "typical_volume": 39963638.95, "trend": 12.133779, "fair_value": 13.015587, "relative_strength": 16.10343, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.85188, "energy": 82.47822, "activity_lines": [ 16.455334, 15.094364, 13.475048, 12.782556 ] }, { "date": "2024-12-06", "close": 15.49, "volume": 44869165, "typical_volume": 39727501.6, "trend": 12.196104, "fair_value": 13.015176, "relative_strength": 15.129933, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.49783, "energy": 66.239058, "activity_lines": [ 16.31, 15.360364, 13.753143, 12.999086 ] }, { "date": "2024-12-13", "close": 17.700001, "volume": 64548106, "typical_volume": 41132473.55, "trend": 12.379815, "fair_value": 13.023162, "relative_strength": 31.617964, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.327685, "energy": 58.469711, "activity_lines": [ 16.756667, 15.953818, 14.223667, 13.354176 ] }, { "date": "2024-12-20", "close": 16.35, "volume": 37891864, "typical_volume": 40589735.45, "trend": 12.510242, "fair_value": 13.022119, "relative_strength": 22.312862, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.70289, "energy": 43.283592, "activity_lines": [ 16.569334, 16.205818, 14.534667, 13.610317 ] }, { "date": "2024-12-27", "close": 14.21, "volume": 27135247, "typical_volume": 38570617.95, "trend": 12.626004, "fair_value": 13.006918, "relative_strength": 5.504484, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.089572, "energy": 30.35704, "activity_lines": [ 15.72, 15.982546, 14.620191, 13.719979 ] }, { "date": "2025-01-03", "close": 12.87, "volume": 18431341, "typical_volume": 37468628.85, "trend": 12.714, "fair_value": 12.984695, "relative_strength": 1.595449, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.288849, "energy": 15.502937, "activity_lines": [ 14.742, 15.473818, 14.568619, 13.735721 ] }, { "date": "2025-01-10", "close": 12.79, "volume": 16741552, "typical_volume": 37270617.85, "trend": 12.795, "fair_value": 12.964343, "relative_strength": 2.759072, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.852386, "energy": 19.161569, "activity_lines": [ 13.897333, 14.958364, 14.502524, 13.740624 ] }, { "date": "2025-01-17", "close": 13.47, "volume": 14717680, "typical_volume": 37333579.25, "trend": 12.905, "fair_value": 12.94026, "relative_strength": 6.125923, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.517374, "energy": 23.585379, "activity_lines": [ 13.459333, 14.576182, 14.490572, 13.784172 ] }, { "date": "2025-01-24", "close": 13.66, "volume": 16623044, "typical_volume": 37637161.45, "trend": 13.025667, "fair_value": 12.921345, "relative_strength": 7.414572, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.764183, "energy": 18.883093, "activity_lines": [ 13.366667, 14.255273, 14.484572, 13.832882 ] }, { "date": "2025-01-31", "close": 14.25, "volume": 10015700, "typical_volume": 37691275.45, "trend": 13.125667, "fair_value": 12.904206, "relative_strength": 12.204396, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.933046, "energy": 14.244117, "activity_lines": [ 13.65, 14.104546, 14.52, 13.911871 ] }, { "date": "2025-02-07", "close": 13.91, "volume": 21847234, "typical_volume": 38416437.75, "trend": 13.203333, "fair_value": 12.884323, "relative_strength": 7.472717, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.101564, "energy": 9.68396, "activity_lines": [ 13.817333, 13.978, 14.504667, 13.962473 ] }, { "date": "2025-02-14", "close": 14.26, "volume": 25863763, "typical_volume": 39017219.1, "trend": 13.288667, "fair_value": 12.861605, "relative_strength": 7.986633, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.510358, "energy": 11.456242, "activity_lines": [ 14.032, 13.939818, 14.505762, 14.030645 ] }, { "date": "2025-02-21", "close": 13.97, "volume": 24705752, "typical_volume": 39744656.95, "trend": 13.381, "fair_value": 12.848127, "relative_strength": 4.291276, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.848359, "energy": 14.226469, "activity_lines": [ 14.052, 13.871273, 14.465619, 14.074602 ] }, { "date": "2025-02-28", "close": 13.53, "volume": 16174296, "typical_volume": 39135534.1, "trend": 13.438667, "fair_value": 12.839854, "relative_strength": 2.298811, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 16.248748, "energy": 10.824326, "activity_lines": [ 13.892, 13.790545, 14.376191, 14.084215 ] }, { "date": "2025-03-07", "close": 14.07, "volume": 17813480, "typical_volume": 39156841.65, "trend": 13.500333, "fair_value": 12.835545, "relative_strength": 4.290296, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 21.219601, "energy": 11.768769, "activity_lines": [ 13.920667, 13.859273, 14.329048, 14.124946 ] }, { "date": "2025-03-14", "close": 14.66, "volume": 29448032, "typical_volume": 38571653.45, "trend": 13.608333, "fair_value": 12.834705, "relative_strength": 6.665114, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.7334, "energy": 14.561333, "activity_lines": [ 14.158, 14.037818, 14.32781, 14.199764 ] }, { "date": "2025-03-21", "close": 14.22, "volume": 18614499, "typical_volume": 35662641.75, "trend": 13.730333, "fair_value": 12.831107, "relative_strength": 4.932633, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.416666, "energy": 13.081414, "activity_lines": [ 14.198667, 14.103818, 14.278191, 14.239226 ] }, { "date": "2025-03-28", "close": 14.2, "volume": 19091864, "typical_volume": 34197459.05, "trend": 13.839667, "fair_value": 12.825938, "relative_strength": 5.142042, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.541081, "energy": 13.379746, "activity_lines": [ 14.235333, 14.140182, 14.222381, 14.269527 ] }, { "date": "2025-04-04", "close": 15.15, "volume": 34312323, "typical_volume": 33012409.7, "trend": 13.992667, "fair_value": 12.830496, "relative_strength": 11.994053, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.766578, "energy": 28.334006, "activity_lines": [ 14.573333, 14.336, 14.260571, 14.354065 ] }, { "date": "2025-04-11", "close": 16.459999, "volume": 138397123, "typical_volume": 33704440.4, "trend": 14.195, "fair_value": 12.84759, "relative_strength": 24.617003, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 62.504651, "energy": 52.681328, "activity_lines": [ 15.24, 14.742909, 14.432905, 14.513247 ] }, { "date": "2025-04-18", "close": 15.39, "volume": 63417417, "typical_volume": 33032974.1, "trend": 14.362667, "fair_value": 12.856133, "relative_strength": 14.233277, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.458761, "energy": 49.834277, "activity_lines": [ 15.390666, 14.915091, 14.515333, 14.590344 ] }, { "date": "2025-04-25", "close": 15.9, "volume": 50958342, "typical_volume": 33337432.95, "trend": 14.512667, "fair_value": 12.866564, "relative_strength": 16.645552, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.484794, "energy": 56.104638, "activity_lines": [ 15.662666, 15.153091, 14.645762, 14.689527 ] }, { "date": "2025-05-02", "close": 16.65, "volume": 35731262, "typical_volume": 31896590.75, "trend": 14.653667, "fair_value": 12.885817, "relative_strength": 22.201333, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.280867, "energy": 64.671815, "activity_lines": [ 16.072667, 15.497636, 14.845667, 14.827419 ] }, { "date": "2025-05-09", "close": 17.110001, "volume": 51089234, "typical_volume": 32556459.25, "trend": 14.837, "fair_value": 12.910276, "relative_strength": 22.755761, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.613167, "energy": 62.358006, "activity_lines": [ 16.472667, 15.877091, 15.094381, 14.985893 ] }, { "date": "2025-05-16", "close": 15.99, "volume": 41584305, "typical_volume": 33278912.15, "trend": 14.973, "fair_value": 12.934642, "relative_strength": 13.390711, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.839953, "energy": 49.991803, "activity_lines": [ 16.368667, 15.987818, 15.23281, 15.06028 ] }, { "date": "2025-05-23", "close": 16.0, "volume": 36572356, "typical_volume": 34185962.9, "trend": 15.063, "fair_value": 12.96459, "relative_strength": 13.715797, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.86328, "energy": 39.329072, "activity_lines": [ 16.299334, 16.065455, 15.363714, 15.126538 ] }, { "date": "2025-05-30", "close": 16.35, "volume": 23574788, "typical_volume": 34527624.7, "trend": 15.164, "fair_value": 12.995339, "relative_strength": 15.490992, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.971887, "energy": 34.342295, "activity_lines": [ 16.306, 16.182364, 15.513048, 15.20957 ] }, { "date": "2025-06-06", "close": 16.6, "volume": 21921593, "typical_volume": 34887820.35, "trend": 15.219333, "fair_value": 13.020354, "relative_strength": 15.133327, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.051287, "energy": 31.24793, "activity_lines": [ 16.366, 16.306, 15.669238, 15.302215 ] }, { "date": "2025-06-13", "close": 16.200001, "volume": 18853496, "typical_volume": 34999342.95, "trend": 15.188667, "fair_value": 13.044498, "relative_strength": 11.939232, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.989437, "energy": 24.773193, "activity_lines": [ 16.296, 16.313273, 15.772429, 15.365484 ] }, { "date": "2025-06-20", "close": 17.700001, "volume": 53867268, "typical_volume": 37191921.35, "trend": 15.146, "fair_value": 13.078634, "relative_strength": 21.900318, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.840339, "energy": 37.920364, "activity_lines": [ 16.786667, 16.574182, 16.006381, 15.527506 ] }, { "date": "2025-06-27", "close": 16.940001, "volume": 40922866, "typical_volume": 38145702.95, "trend": 15.201667, "fair_value": 13.107208, "relative_strength": 13.6833, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.44878, "energy": 37.004502, "activity_lines": [ 16.910001, 16.674364, 16.151524, 15.643248 ] }, { "date": "2025-07-04", "close": 17.469999, "volume": 28924364, "typical_volume": 38298733.0, "trend": 15.267667, "fair_value": 13.139976, "relative_strength": 14.997529, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.378062, "energy": 46.186476, "activity_lines": [ 17.147334, 16.842728, 16.332714, 15.789592 ] }, { "date": "2025-07-11", "close": 17.65, "volume": 40398690, "typical_volume": 39083379.9, "trend": 15.266, "fair_value": 13.172059, "relative_strength": 14.360849, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.387602, "energy": 63.220788, "activity_lines": [ 17.37, 17.015273, 16.515762, 15.94329 ] }, { "date": "2025-07-18", "close": 18.299999, "volume": 33362687, "typical_volume": 39942799.45, "trend": 15.331, "fair_value": 13.206215, "relative_strength": 17.114474, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.833512, "energy": 68.482602, "activity_lines": [ 17.739333, 17.287818, 16.743191, 16.139032 ] }, { "date": "2025-07-25", "close": 17.83, "volume": 23092720, "typical_volume": 40206761.45, "trend": 15.451667, "fair_value": 13.235709, "relative_strength": 11.699475, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.505246, "energy": 65.920054, "activity_lines": [ 17.812, 17.453273, 16.903143, 16.300258 ] }, { "date": "2025-08-01", "close": 18.18, "volume": 23761455, "typical_volume": 39922432.6, "trend": 15.628667, "fair_value": 13.26529, "relative_strength": 14.452395, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.756837, "energy": 68.424303, "activity_lines": [ 17.992666, 17.648909, 17.078524, 16.47628 ] }, { "date": "2025-08-08", "close": 18.299999, "volume": 21355089, "typical_volume": 40059462.1, "trend": 15.812333, "fair_value": 13.300017, "relative_strength": 12.454644, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.974271, "energy": 64.837831, "activity_lines": [ 18.130666, 17.826727, 17.248571, 16.648624 ] }, { "date": "2025-08-15", "close": 18.780001, "volume": 26490257, "typical_volume": 40429381.75, "trend": 15.989333, "fair_value": 13.334713, "relative_strength": 12.939443, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.656869, "energy": 64.410153, "activity_lines": [ 18.373333, 18.056364, 17.444905, 16.840086 ] }, { "date": "2025-08-22", "close": 18.08, "volume": 25254232, "typical_volume": 39976477.2, "trend": 16.136667, "fair_value": 13.366, "relative_strength": 4.604903, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.878408, "energy": 50.556137, "activity_lines": [ 18.307333, 18.119091, 17.552762, 16.974968 ] }, { "date": "2025-08-29", "close": 17.77, "volume": 27479096, "typical_volume": 34430575.85, "trend": 16.254, "fair_value": 13.396506, "relative_strength": 1.62359, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.174229, "energy": 40.44723, "activity_lines": [ 18.152667, 18.091273, 17.617143, 17.080344 ] }, { "date": "2025-09-05", "close": 17.4, "volume": 12154484, "typical_volume": 31867429.2, "trend": 16.370333, "fair_value": 13.421975, "relative_strength": 0.37527, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.840192, "energy": 27.372287, "activity_lines": [ 17.878667, 17.994909, 17.640048, 17.15428 ] }, { "date": "2025-09-12", "close": 18.459999, "volume": 29376652, "typical_volume": 30788344.7, "trend": 16.510333, "fair_value": 13.455761, "relative_strength": 4.482412, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.990443, "energy": 25.936046, "activity_lines": [ 18.01, 18.082909, 17.754333, 17.289097 ] }, { "date": "2025-09-19", "close": 17.879999, "volume": 27535101, "typical_volume": 30378536.65, "trend": 16.640667, "fair_value": 13.482976, "relative_strength": 2.152483, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.541926, "energy": 19.606566, "activity_lines": [ 17.937333, 18.047454, 17.80119, 17.377462 ] }, { "date": "2025-09-26", "close": 17.24, "volume": 18244380, "typical_volume": 28736293.95, "trend": 16.764333, "fair_value": 13.50539, "relative_strength": -2.043783, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.96612, "energy": 13.789193, "activity_lines": [ 17.711333, 17.891454, 17.781238, 17.416129 ] }, { "date": "2025-10-03", "close": 16.889999, "volume": 3881976, "typical_volume": 26851177.5, "trend": 16.858333, "fair_value": 13.52537, "relative_strength": -5.631422, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.616582, "energy": 6.544725, "activity_lines": [ 17.424666, 17.69109, 17.727333, 17.424236 ] }, { "date": "2025-10-10", "close": 16.950001, "volume": 4656778, "typical_volume": 25255398.6, "trend": 16.934667, "fair_value": 13.551633, "relative_strength": -5.93343, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.951367, "energy": 13.362677, "activity_lines": [ 17.216667, 17.518727, 17.674857, 17.43015 ] }, { "date": "2025-10-17", "close": 17.73, "volume": 23152393, "typical_volume": 25234278.85, "trend": 17.051667, "fair_value": 13.584482, "relative_strength": -0.536611, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.774214, "energy": 14.785127, "activity_lines": [ 17.298667, 17.510545, 17.692143, 17.481462 ] }, { "date": "2025-10-24", "close": 18.950001, "volume": 23421280, "typical_volume": 25309263.2, "trend": 17.21, "fair_value": 13.626103, "relative_strength": 3.005219, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.983955, "energy": 19.479783, "activity_lines": [ 17.836, 17.734545, 17.819048, 17.603935 ] }, { "date": "2025-10-31", "close": 18.1, "volume": 16809451, "typical_volume": 25207060.95, "trend": 17.308333, "fair_value": 13.65847, "relative_strength": -1.931319, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 34.091532, "energy": 21.909398, "activity_lines": [ 18.018667, 17.800909, 17.853809, 17.661355 ] }, { "date": "2025-11-07", "close": 20.879999, "volume": 60093907, "typical_volume": 25518392.9, "trend": 17.455667, "fair_value": 13.707896, "relative_strength": 11.509337, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 78.077642, "energy": 65.541711, "activity_lines": [ 19.070667, 18.372364, 18.144286, 17.891785 ] }, { "date": "2025-11-14", "close": 20.67, "volume": 49106469, "typical_volume": 25927573.05, "trend": 17.631667, "fair_value": 13.759147, "relative_strength": 10.565186, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.489686, "energy": 75.963726, "activity_lines": [ 19.786667, 18.849091, 18.399619, 18.099161 ] }, { "date": "2025-11-21", "close": 19.299999, "volume": 42965123, "typical_volume": 26629611.0, "trend": 17.745, "fair_value": 13.798065, "relative_strength": 7.769327, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.321826, "energy": 67.738209, "activity_lines": [ 19.798, 19.017273, 18.506714, 18.206796 ] }, { "date": "2025-11-28", "close": 18.860001, "volume": 21400740, "typical_volume": 25679713.5, "trend": 17.818667, "fair_value": 13.8334, "relative_strength": 3.747053, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.518489, "energy": 61.346536, "activity_lines": [ 19.558, 19.090182, 18.56319, 18.278731 ] }, { "date": "2025-12-05", "close": 17.49, "volume": 17440200, "typical_volume": 24883589.15, "trend": 17.831333, "fair_value": 13.857354, "relative_strength": -4.112312, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 26.327696, "energy": 17.632742, "activity_lines": [ 18.867333, 18.896182, 18.483428, 18.257527 ] }, { "date": "2025-12-12", "close": 16.799999, "volume": 12943308, "typical_volume": 24376118.55, "trend": 17.858333, "fair_value": 13.880562, "relative_strength": -7.233286, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.853303, "energy": 15.02542, "activity_lines": [ 17.987333, 18.572182, 18.341809, 18.190989 ] }, { "date": "2025-12-19", "close": 16.709999, "volume": 12500457, "typical_volume": 23813068.65, "trend": 17.882, "fair_value": 13.899389, "relative_strength": -7.542825, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.016927, "energy": 26.994744, "activity_lines": [ 17.349333, 18.233454, 18.196524, 18.116903 ] }, { "date": "2025-12-26", "close": 16.98, "volume": 20013760, "typical_volume": 23746002.2, "trend": 17.903, "fair_value": 13.920517, "relative_strength": -7.824627, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.989032, "energy": 31.997829, "activity_lines": [ 17.065333, 17.948181, 18.083952, 18.058709 ] }, { "date": "2026-01-02", "close": 17.719999, "volume": 16098567, "typical_volume": 23226417.7, "trend": 17.940333, "fair_value": 13.943788, "relative_strength": -4.114063, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.696102, "energy": 33.697678, "activity_lines": [ 17.182666, 17.81109, 18.048143, 18.046903 ] }, { "date": "2026-01-09", "close": 18.299999, "volume": 21181962, "typical_volume": 23022804.2, "trend": 18.010333, "fair_value": 13.978705, "relative_strength": -4.777737, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -8.44415, "energy": 13.392541, "activity_lines": [ 17.569333, 17.801818, 18.072619, 18.070107 ] }, { "date": "2026-01-16", "close": 20.15, "volume": 37813668, "typical_volume": 23539532.8, "trend": 18.092, "fair_value": 14.028272, "relative_strength": 4.99394, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 49.366223, "energy": 25.031095, "activity_lines": [ 18.518666, 18.125272, 18.272238, 18.20815 ] }, { "date": "2026-01-23", "close": 21.41, "volume": 31782005, "typical_volume": 24520908.85, "trend": 18.241, "fair_value": 14.084013, "relative_strength": 10.193179, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 72.613418, "energy": 49.986351, "activity_lines": [ 19.664666, 18.69109, 18.580523, 18.422215 ] }, { "date": "2026-01-30", "close": 20.370001, "volume": 16769406, "typical_volume": 23890546.55, "trend": 18.337666, "fair_value": 14.133912, "relative_strength": 5.062187, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.674653, "energy": 61.176106, "activity_lines": [ 20.150667, 19.054363, 18.770666, 18.55957 ] }, { "date": "2026-02-06", "close": 19.889999, "volume": 11408201, "typical_volume": 23084201.55, "trend": 18.412333, "fair_value": 14.177182, "relative_strength": 3.61925, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.776724, "energy": 69.169896, "activity_lines": [ 20.250667, 19.310909, 18.906, 18.65972 ] }, { "date": "2026-02-13", "close": 19.82, "volume": 14115992, "typical_volume": 22877782.15, "trend": 18.463, "fair_value": 14.216008, "relative_strength": 2.589061, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.170448, "energy": 64.502708, "activity_lines": [ 20.182667, 19.536, 19.025095, 18.750537 ] }, { "date": "2026-02-27", "close": 19.18, "volume": 12291373, "typical_volume": 23298252.0, "trend": 18.508, "fair_value": 14.249463, "relative_strength": -2.837513, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.841361, "energy": 34.035839, "activity_lines": [ 19.8, 19.602363, 19.070952, 18.796795 ] }, { "date": "2026-03-06", "close": 17.6, "volume": 18900886, "typical_volume": 24010457.4, "trend": 18.488666, "fair_value": 14.273867, "relative_strength": -10.075656, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 14.2087, "energy": 11.227898, "activity_lines": [ 18.955333, 19.338182, 18.955428, 18.738215 ] }, { "date": "2026-03-13", "close": 18.02, "volume": 19382862, "typical_volume": 23821980.85, "trend": 18.479333, "fair_value": 14.300393, "relative_strength": -7.36911, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 14.288746, "energy": 17.478422, "activity_lines": [ 18.504667, 19.134182, 18.876809, 18.707978 ] }, { "date": "2026-03-20", "close": 16.690001, "volume": 24288631, "typical_volume": 23865348.4, "trend": 18.409667, "fair_value": 14.320487, "relative_strength": -11.180393, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -29.597885, "energy": 29.861308, "activity_lines": [ 17.767334, 18.669455, 18.670143, 18.592538 ] }, { "date": "2026-03-27", "close": 17.02, "volume": 20409953, "typical_volume": 24045373.5, "trend": 18.374333, "fair_value": 14.342061, "relative_strength": -8.466958, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -24.244092, "energy": 30.695037, "activity_lines": [ 17.353334, 18.283455, 18.505667, 18.502882 ] }, { "date": "2026-04-03", "close": 16.57, "volume": 14352680, "typical_volume": 21758312.15, "trend": 18.334333, "fair_value": 14.364303, "relative_strength": -10.126874, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.212443, "energy": 50.053767, "activity_lines": [ 16.976, 17.838909, 18.303476, 18.386473 ] }, { "date": "2026-04-10", "close": 16.719999, "volume": 12040982, "typical_volume": 19905037.8, "trend": 18.311666, "fair_value": 14.386619, "relative_strength": -11.606534, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -62.186624, "energy": 59.441562, "activity_lines": [ 16.822666, 17.486727, 18.136095, 18.282322 ] }, { "date": "2026-04-17", "close": 17.030001, "volume": 11925557, "typical_volume": 18353059.5, "trend": 18.264, "fair_value": 14.413712, "relative_strength": -11.099653, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.893803, "energy": 49.251604, "activity_lines": [ 16.831333, 17.276182, 18.017048, 18.199634 ] }, { "date": "2026-04-24", "close": 17.16, "volume": 23699381, "typical_volume": 18467991.55, "trend": 18.24, "fair_value": 14.441385, "relative_strength": -10.868317, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.229825, "energy": 38.000431, "activity_lines": [ 16.949333, 17.15, 17.92119, 18.128409 ] }, { "date": "2026-05-01", "close": 15.819011, "volume": 21318027, "typical_volume": 18661882.9, "trend": 18.192634, "fair_value": 14.461096, "relative_strength": -18.151812, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.312026, "energy": 43.833019, "activity_lines": [ 16.589004, 16.829638, 17.705715, 17.972216 ] }, { "date": "2026-05-08", "close": 15.809098, "volume": 13043301, "typical_volume": 18666882.55, "trend": 18.156604, "fair_value": 14.485057, "relative_strength": -19.100897, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.068294, "energy": 48.934987, "activity_lines": [ 16.305436, 16.58022, 17.497253, 17.818439 ] }, { "date": "2026-05-15", "close": 15.323427, "volume": 15452976, "typical_volume": 18814508.5, "trend": 18.102384, "fair_value": 14.504002, "relative_strength": -20.27741, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.120596, "energy": 60.009823, "activity_lines": [ 15.910704, 16.303786, 17.247255, 17.635654 ] }, { "date": "2026-05-22", "close": 14.847667, "volume": 14096324, "typical_volume": 18518636.7, "trend": 18.006307, "fair_value": 14.519389, "relative_strength": -21.962669, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.671999, "energy": 70.401004, "activity_lines": [ 15.450491, 15.982243, 16.95855, 17.425672 ] }, { "date": "2026-05-29", "close": 13.747473, "volume": 13071834, "typical_volume": 18367300.05, "trend": 17.832889, "fair_value": 14.528802, "relative_strength": -26.530441, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.973701, "energy": 78.33984, "activity_lines": [ 14.769035, 15.518344, 16.575217, 17.150908 ] }, { "date": "2026-06-05", "close": 13.281625, "volume": 1867500, "typical_volume": 17401576.95, "trend": 17.672277, "fair_value": 14.53358, "relative_strength": -27.82156, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.118909, "energy": 85.507464, "activity_lines": [ 14.159798, 15.023245, 16.166436, 16.857278 ] }, { "date": "2026-06-12", "close": 12.984276, "volume": 1921600, "typical_volume": 15606973.55, "trend": 17.409086, "fair_value": 14.536003, "relative_strength": -29.000682, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.527918, "energy": 89.764563, "activity_lines": [ 13.620604, 14.542053, 15.753232, 16.554827 ] }, { "date": "2026-06-19", "close": 12.340017, "volume": 7846872, "typical_volume": 14410216.9, "trend": 17.13142, "fair_value": 14.536783, "relative_strength": -32.990517, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.763098, "energy": 92.645797, "activity_lines": [ 13.054978, 14.008919, 15.312793, 16.22779 ] }, { "date": "2026-06-26", "close": 11.378586, "volume": 3593160, "typical_volume": 13751404.6, "trend": 16.867373, "fair_value": 14.533119, "relative_strength": -36.579712, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.986448, "energy": 94.957889, "activity_lines": [ 12.36777, 13.380614, 14.823979, 15.85664 ] }, { "date": "2026-07-03", "close": 12.0, "volume": 5288300, "typical_volume": 13445409.55, "trend": 16.638706, "fair_value": 14.526366, "relative_strength": -32.812975, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.168173, "energy": 89.227276, "activity_lines": [ 12.118971, 12.968048, 14.437164, 15.542616 ] }, { "date": "2026-07-10", "close": 11.32, "volume": 20291492, "typical_volume": 13754184.55, "trend": 16.433039, "fair_value": 14.51863, "relative_strength": -35.247375, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.871409, "energy": 90.879021, "activity_lines": [ 11.760005, 12.525662, 14.023158, 15.199473 ] }, { "date": "2026-07-17", "close": 11.16, "volume": 13886532, "typical_volume": 13833942.5, "trend": 16.245039, "fair_value": 14.508531, "relative_strength": -31.607566, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.234346, "energy": 84.837155, "activity_lines": [ 11.478479, 12.135987, 13.634391, 14.859277 ] }, { "date": "2026-07-24", "close": 10.04, "volume": 23280095, "typical_volume": 14052902.95, "trend": 16.022706, "fair_value": 14.490679, "relative_strength": -38.585134, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.186125, "energy": 81.398023, "activity_lines": [ 10.945239, 11.627204, 13.177147, 14.458952 ] }, { "date": "2026-07-31", "close": 10.92, "volume": 15837425, "typical_volume": 13875631.1, "trend": 15.820706, "fair_value": 14.478659, "relative_strength": -32.880978, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.849226, "energy": 67.198499, "activity_lines": [ 10.858667, 11.374483, 12.839713, 14.129745 ] }, { "date": "2026-08-07", "close": 11.74, "volume": 14524200, "typical_volume": 13387409.55, "trend": 15.621373, "fair_value": 14.472852, "relative_strength": -29.131888, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.666929, "energy": 64.86639, "activity_lines": [ 11.076, 11.342265, 12.614183, 13.866474 ] } ], "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." } } }