{ "ticker": { "uuid": "4dc2dbda-5dff-4d3b-a7cb-6b197724d0bf", "symbol": "603703", "name": "Zhejiang Shengyang Science and Technology 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": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -67.232, "architecture_energy": 81.329, "architecture_maturity": 36.0, "architecture_confidence": 84.536, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 3.68, "rotation_up": 9.82, "upward_expansion": 19.4, "deceleration": 38.53, "rotation_down": 77.94, "downward_expansion": 95.07 }, "activity_lines": [ 8.800667, 9.534909, 10.923476, 11.675376 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 9.27, "trend_reference": 12.789, "distance_from_trend": -0.275158, "trend_direction": "Weakening", "fair_value": 11.331832, "distance_from_fair_value": -0.18195, "fair_value_direction": "Weakening", "relative_strength": -24.268724, "relative_strength_direction": "Weakening", "price_momentum": -0.358478, "excess_performance": -0.315274, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.275158, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.062619, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.18195, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.464309, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.242687, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.332123, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.358478, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.759977, "read": "Supply-led" } ], "volume": { "latest": 38115697, "relative_activity": 0.830105, "balance": 0.759977, "dry_up": 1.080748, "accumulation_observations": 2, "distribution_observations": 5 }, "risk": { "range_context": 0.145797, "annualized_volatility": 0.525118, "from_high_reference": -0.5365, "from_low_reference": 0.268126 }, "levels": { "trend_reference": 12.789, "fair_value_reference": 11.331832, "structural_low": 7.31, "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": 26, "median_return": -0.005905, "positive_rate": 0.461538, "directional_follow_through": 0.5, "median_excess_return": -0.021863, "regime_survival": 0.769231, "best_return": 0.312018, "worst_return": -0.296482, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.15879, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.040308, "regime_survival": 0.444444, "best_return": 0.348048, "worst_return": -0.232394, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.135185, "positive_rate": 0.8, "directional_follow_through": 0.2, "median_excess_return": -0.0293, "regime_survival": 0.0, "best_return": 1.281834, "worst_return": -0.107646, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.029862, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.006426, "regime_survival": 0.75, "best_return": 0.318336, "worst_return": -0.094012, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-22", "end": "2024-12-27", "tenure": "Developing", "return": -0.193596, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-03", "end": "2025-02-14", "tenure": "Developing", "return": 0.197343, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-21", "end": "2025-04-11", "tenure": "Developing", "return": -0.252517, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-18", "end": "2025-05-02", "tenure": "New", "return": 0.047331, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-09", "end": "2025-08-08", "tenure": "Established", "return": -0.02037, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-15", "end": "2025-10-10", "tenure": "Developing", "return": 0.075472, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-17", "end": "2025-11-28", "tenure": "Developing", "return": 0.067273, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-05", "end": "2025-12-12", "tenure": "New", "return": 0.047386, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-19", "end": "2026-02-13", "tenure": "Developing", "return": -0.020339, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-02-27", "end": "2026-04-03", "tenure": "Developing", "return": -0.202632, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-10", "end": "2026-04-17", "tenure": "New", "return": 0.03346, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-24", "end": "2026-05-08", "tenure": "New", "return": 0.085521, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-15", "end": "2026-06-12", "tenure": "Developing", "return": -0.188816, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-19", "end": "2026-08-07", "tenure": "Developing", "return": -0.223618, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 10.147112, "volume": 22727710, "typical_volume": 27167886.5, "trend": 10.82097, "fair_value": 10.847019, "relative_strength": -9.457743, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.037072, "energy": 48.336797, "activity_lines": [ 10.106497, 10.399856, 10.453002, 10.630808 ] }, { "date": "2023-08-04", "close": 10.037251, "volume": 17129236, "typical_volume": 25500916.75, "trend": 10.816928, "fair_value": 10.847705, "relative_strength": -10.600518, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.723567, "energy": 57.948862, "activity_lines": [ 10.041246, 10.321151, 10.401612, 10.580245 ] }, { "date": "2023-08-11", "close": 10.1571, "volume": 25921752, "typical_volume": 25622703.85, "trend": 10.778833, "fair_value": 10.849663, "relative_strength": -6.488563, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.011449, "energy": 45.302727, "activity_lines": [ 10.101171, 10.268257, 10.368497, 10.537676 ] }, { "date": "2023-08-18", "close": 10.746351, "volume": 43063102, "typical_volume": 26928662.75, "trend": 10.776075, "fair_value": 10.856037, "relative_strength": 0.860857, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.679854, "energy": 15.669915, "activity_lines": [ 10.326218, 10.323952, 10.39545, 10.53558 ] }, { "date": "2023-08-25", "close": 10.027265, "volume": 26465570, "typical_volume": 27434323.8, "trend": 10.736268, "fair_value": 10.858625, "relative_strength": -3.698078, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.693524, "energy": 20.001915, "activity_lines": [ 10.25431, 10.241719, 10.353802, 10.48727 ] }, { "date": "2023-09-01", "close": 10.177073, "volume": 18537138, "typical_volume": 27267905.8, "trend": 10.697651, "fair_value": 10.863958, "relative_strength": -4.366928, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.790635, "energy": 16.22488, "activity_lines": [ 10.238995, 10.19832, 10.331633, 10.451193 ] }, { "date": "2023-09-08", "close": 11.006021, "volume": 37227062, "typical_volume": 27964171.7, "trend": 10.678818, "fair_value": 10.874375, "relative_strength": 3.850658, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -12.965236, "energy": 10.095148, "activity_lines": [ 10.498, 10.339232, 10.391754, 10.471088 ] }, { "date": "2023-09-15", "close": 10.766325, "volume": 32746385, "typical_volume": 28607655.25, "trend": 10.650092, "fair_value": 10.884216, "relative_strength": 1.469009, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.953684, "energy": 8.507168, "activity_lines": [ 10.612521, 10.442192, 10.427117, 10.476733 ] }, { "date": "2023-09-22", "close": 10.666452, "volume": 12513365, "typical_volume": 28998921.5, "trend": 10.614471, "fair_value": 10.895611, "relative_strength": -0.014276, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.45752, "energy": 13.156154, "activity_lines": [ 10.653136, 10.507382, 10.452044, 10.477789 ] }, { "date": "2023-09-29", "close": 11.025995, "volume": 22839884, "typical_volume": 29465040.4, "trend": 10.58798, "fair_value": 10.914434, "relative_strength": 3.844089, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.82379, "energy": 31.903953, "activity_lines": [ 10.818925, 10.623779, 10.509679, 10.504339 ] }, { "date": "2023-10-13", "close": 11.555323, "volume": 25148400, "typical_volume": 29990617.4, "trend": 10.590073, "fair_value": 10.935963, "relative_strength": 9.183206, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 46.279201, "energy": 55.97121, "activity_lines": [ 11.094575, 10.820075, 10.613085, 10.566748 ] }, { "date": "2023-10-20", "close": 11.025995, "volume": 20286374, "typical_volume": 30506342.65, "trend": 10.574997, "fair_value": 10.957392, "relative_strength": 7.48172, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 58.037066, "energy": 57.607902, "activity_lines": [ 11.101899, 10.894526, 10.659053, 10.594872 ] }, { "date": "2023-10-27", "close": 11.30564, "volume": 19743758, "typical_volume": 30996176.15, "trend": 10.58565, "fair_value": 10.980796, "relative_strength": 8.609202, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.412245, "energy": 62.133013, "activity_lines": [ 11.201106, 11.001844, 10.728, 10.64201 ] }, { "date": "2023-11-03", "close": 11.295653, "volume": 16790330, "typical_volume": 31053295.1, "trend": 10.604769, "fair_value": 11.001987, "relative_strength": 8.064777, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.50755, "energy": 57.711893, "activity_lines": [ 11.26103, 11.086464, 10.790906, 10.687817 ] }, { "date": "2023-11-10", "close": 12.104626, "volume": 43811380, "typical_volume": 32330904.75, "trend": 10.637537, "fair_value": 11.027175, "relative_strength": 15.409167, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.442259, "energy": 58.069148, "activity_lines": [ 11.548665, 11.308182, 10.92636, 10.784582 ] }, { "date": "2023-11-17", "close": 12.753801, "volume": 64475491, "typical_volume": 33245842.4, "trend": 10.700029, "fair_value": 11.055518, "relative_strength": 20.858126, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.555237, "energy": 78.610005, "activity_lines": [ 11.980783, 11.610163, 11.116785, 10.921115 ] }, { "date": "2023-11-24", "close": 12.544068, "volume": 28072350, "typical_volume": 31685122.05, "trend": 10.764804, "fair_value": 11.086907, "relative_strength": 19.202452, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.848874, "energy": 81.200411, "activity_lines": [ 12.263091, 11.82716, 11.283763, 11.040085 ] }, { "date": "2023-12-01", "close": 12.663916, "volume": 28537020, "typical_volume": 28855080.3, "trend": 10.834524, "fair_value": 11.117875, "relative_strength": 20.693979, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.324526, "energy": 85.103504, "activity_lines": [ 12.484144, 12.037983, 11.456306, 11.162609 ] }, { "date": "2023-12-08", "close": 12.234461, "volume": 17309780, "typical_volume": 27819084.2, "trend": 10.89754, "fair_value": 11.1417, "relative_strength": 19.012192, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.940299, "energy": 78.306011, "activity_lines": [ 12.471493, 12.136222, 11.573776, 11.252927 ] }, { "date": "2023-12-15", "close": 12.544068, "volume": 17682630, "typical_volume": 27051435.85, "trend": 10.980625, "fair_value": 11.168973, "relative_strength": 22.798244, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.438678, "energy": 68.315136, "activity_lines": [ 12.499458, 12.262244, 11.709556, 11.359155 ] }, { "date": "2023-12-22", "close": 12.034715, "volume": 25921080, "typical_volume": 27211104.35, "trend": 11.04578, "fair_value": 11.192981, "relative_strength": 18.67885, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.684815, "energy": 45.491281, "activity_lines": [ 12.328342, 12.268055, 11.785317, 11.427161 ] }, { "date": "2023-12-29", "close": 12.793751, "volume": 27536520, "typical_volume": 27731468.55, "trend": 11.130292, "fair_value": 11.218745, "relative_strength": 23.113521, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.360342, "energy": 45.425277, "activity_lines": [ 12.458177, 12.403156, 11.924379, 11.539933 ] }, { "date": "2024-01-05", "close": 12.214486, "volume": 11285970, "typical_volume": 26999679.45, "trend": 11.196208, "fair_value": 11.243037, "relative_strength": 18.874993, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.728243, "energy": 33.754551, "activity_lines": [ 12.378278, 12.400795, 11.995146, 11.609881 ] }, { "date": "2024-01-12", "close": 11.814994, "volume": 13098610, "typical_volume": 25501454.85, "trend": 11.245003, "fair_value": 11.262709, "relative_strength": 16.352856, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.834388, "energy": 24.94825, "activity_lines": [ 12.195178, 12.309275, 12.018069, 11.649803 ] }, { "date": "2024-01-19", "close": 10.976059, "volume": 19112405, "typical_volume": 25133796.6, "trend": 11.255371, "fair_value": 11.278879, "relative_strength": 9.809934, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.659706, "energy": 12.535186, "activity_lines": [ 11.760396, 12.055779, 11.956005, 11.632451 ] }, { "date": "2024-01-26", "close": 11.08592, "volume": 15013580, "typical_volume": 24957618.7, "trend": 11.224077, "fair_value": 11.293147, "relative_strength": 7.691977, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.715463, "energy": 17.179174, "activity_lines": [ 11.466769, 11.842777, 11.899886, 11.621519 ] }, { "date": "2024-02-02", "close": 9.438012, "volume": 18036300, "typical_volume": 23998080.6, "trend": 11.16149, "fair_value": 11.300235, "relative_strength": -2.279731, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -43.146721, "energy": 42.274448, "activity_lines": [ 10.687093, 11.36048, 11.682495, 11.506289 ] }, { "date": "2024-02-09", "close": 9.897429, "volume": 20067443, "typical_volume": 23364133.5, "trend": 11.168481, "fair_value": 11.30629, "relative_strength": -2.36643, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.584106, "energy": 54.695115, "activity_lines": [ 10.284271, 11.018187, 11.516325, 11.424737 ] }, { "date": "2024-02-23", "close": 10.736363, "volume": 13887115, "typical_volume": 23432821.0, "trend": 11.196779, "fair_value": 11.316121, "relative_strength": 0.997534, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.025245, "energy": 53.23609, "activity_lines": [ 10.315564, 10.878728, 11.434192, 11.396858 ] }, { "date": "2024-03-01", "close": 11.205768, "volume": 19431714, "typical_volume": 23262412.5, "trend": 11.232733, "fair_value": 11.332255, "relative_strength": 4.588153, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.078785, "energy": 42.535979, "activity_lines": [ 10.575235, 10.851853, 11.39643, 11.397438 ] }, { "date": "2024-03-08", "close": 10.956085, "volume": 13598490, "typical_volume": 22684917.0, "trend": 11.259699, "fair_value": 11.346422, "relative_strength": 1.61717, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.548373, "energy": 20.364588, "activity_lines": [ 10.736364, 10.803914, 11.334033, 11.37959 ] }, { "date": "2024-03-15", "close": 11.125869, "volume": 12607730, "typical_volume": 22300984.8, "trend": 11.295986, "fair_value": 11.358567, "relative_strength": 2.850066, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -8.879107, "energy": 9.030872, "activity_lines": [ 10.962743, 10.806456, 11.29066, 11.370955 ] }, { "date": "2024-03-22", "close": 11.874918, "volume": 52854973, "typical_volume": 23956545.55, "trend": 11.353247, "fair_value": 11.374143, "relative_strength": 9.810693, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.622297, "energy": 13.477079, "activity_lines": [ 11.326281, 10.975515, 11.318149, 11.408306 ] }, { "date": "2024-03-29", "close": 10.986047, "volume": 25275891, "typical_volume": 24380823.6, "trend": 11.361237, "fair_value": 11.385804, "relative_strength": 1.775616, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.011562, "energy": 7.890695, "activity_lines": [ 11.261697, 10.989134, 11.258272, 11.384616 ] }, { "date": "2024-04-05", "close": 10.776313, "volume": 9716085, "typical_volume": 22676058.85, "trend": 11.386205, "fair_value": 11.395526, "relative_strength": -1.160961, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.161673, "energy": 17.791976, "activity_lines": [ 11.110555, 10.979691, 11.179896, 11.346879 ] }, { "date": "2024-04-12", "close": 10.316896, "volume": 11201420, "typical_volume": 20012355.3, "trend": 11.390866, "fair_value": 11.405459, "relative_strength": -3.886568, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.831567, "energy": 25.667726, "activity_lines": [ 10.834905, 10.89035, 11.06409, 11.277891 ] }, { "date": "2024-04-19", "close": 9.438012, "volume": 19627253, "typical_volume": 19590100.45, "trend": 11.338599, "fair_value": 11.407425, "relative_strength": -13.264261, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -70.11736, "energy": 56.39593, "activity_lines": [ 10.308906, 10.655194, 10.876186, 11.1519 ] }, { "date": "2024-04-26", "close": 10.326884, "volume": 21421793, "typical_volume": 19234339.1, "trend": 11.323951, "fair_value": 11.415501, "relative_strength": -5.856831, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.948515, "energy": 53.182623, "activity_lines": [ 10.191722, 10.581651, 10.787727, 11.086628 ] }, { "date": "2024-05-03", "close": 10.586555, "volume": 15730620, "typical_volume": 19155381.1, "trend": 11.321287, "fair_value": 11.419342, "relative_strength": -4.095921, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.402819, "energy": 50.528437, "activity_lines": [ 10.264297, 10.547513, 10.735127, 11.039055 ] }, { "date": "2024-05-10", "close": 11.016008, "volume": 32242448, "typical_volume": 19883372.0, "trend": 11.320954, "fair_value": 11.42461, "relative_strength": -1.943306, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.687084, "energy": 34.76923, "activity_lines": [ 10.506655, 10.594181, 10.731275, 11.019359 ] }, { "date": "2024-05-17", "close": 11.235729, "volume": 26089102, "typical_volume": 19891773.1, "trend": 11.310301, "fair_value": 11.435356, "relative_strength": -0.218953, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.340744, "energy": 13.709284, "activity_lines": [ 10.806275, 10.684248, 10.755625, 11.013861 ] }, { "date": "2024-05-24", "close": 10.326884, "volume": 23518950, "typical_volume": 19690894.6, "trend": 11.286998, "fair_value": 11.439225, "relative_strength": -6.492459, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.714946, "energy": 18.750677, "activity_lines": [ 10.74169, 10.603986, 10.697223, 10.950414 ] }, { "date": "2024-05-31", "close": 10.1571, "volume": 12472740, "typical_volume": 19750233.1, "trend": 11.248713, "fair_value": 11.44228, "relative_strength": -8.077566, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.722102, "energy": 18.25012, "activity_lines": [ 10.561253, 10.507382, 10.634398, 10.877518 ] }, { "date": "2024-06-07", "close": 9.348126, "volume": 17118020, "typical_volume": 19951203.6, "trend": 11.183795, "fair_value": 11.441246, "relative_strength": -14.353973, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.790894, "energy": 45.586908, "activity_lines": [ 10.122477, 10.294924, 10.504325, 10.754899 ] }, { "date": "2024-06-14", "close": 9.55786, "volume": 9410190, "typical_volume": 19466092.85, "trend": 11.098903, "fair_value": 11.441603, "relative_strength": -11.885677, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.886658, "energy": 60.614303, "activity_lines": [ 9.836173, 10.150381, 10.405974, 10.65 ] }, { "date": "2024-06-21", "close": 10.017277, "volume": 44708000, "typical_volume": 20950813.85, "trend": 11.007686, "fair_value": 11.450026, "relative_strength": -6.656957, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.424648, "energy": 56.204018, "activity_lines": [ 9.800219, 10.111521, 10.35813, 10.580218 ] }, { "date": "2024-06-28", "close": 10.017277, "volume": 34591307, "typical_volume": 21778564.2, "trend": 10.923459, "fair_value": 11.458496, "relative_strength": -5.749713, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.632779, "energy": 51.164275, "activity_lines": [ 9.845495, 10.078109, 10.315375, 10.516321 ] }, { "date": "2024-07-05", "close": 9.46, "volume": 12468277, "typical_volume": 21398605.9, "trend": 10.816662, "fair_value": 11.464581, "relative_strength": -10.199095, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.604772, "energy": 42.239737, "activity_lines": [ 9.725652, 9.932841, 10.216787, 10.421904 ] }, { "date": "2024-07-12", "close": 9.15, "volume": 24636900, "typical_volume": 21936095.15, "trend": 10.713847, "fair_value": 11.464381, "relative_strength": -13.554759, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.901022, "energy": 39.895643, "activity_lines": [ 9.54895, 9.746972, 10.090758, 10.314377 ] }, { "date": "2024-07-19", "close": 8.9, "volume": 10498930, "typical_volume": 21489455.95, "trend": 10.592378, "fair_value": 11.461984, "relative_strength": -16.206218, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.102677, "energy": 52.562132, "activity_lines": [ 9.302122, 9.541767, 9.948475, 10.197355 ] }, { "date": "2024-07-26", "close": 9.08, "volume": 12193580, "typical_volume": 21419210.45, "trend": 10.493887, "fair_value": 11.463439, "relative_strength": -11.849741, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.441588, "energy": 61.665367, "activity_lines": [ 9.159152, 9.407763, 9.834313, 10.099782 ] }, { "date": "2024-08-02", "close": 10.41, "volume": 42356654, "typical_volume": 22906656.65, "trend": 10.414429, "fair_value": 11.475203, "relative_strength": 0.350687, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.314494, "energy": 31.017978, "activity_lines": [ 9.522, 9.554771, 9.855753, 10.09437 ] }, { "date": "2024-08-09", "close": 9.13, "volume": 61299392, "typical_volume": 23328877.6, "trend": 10.311613, "fair_value": 11.479768, "relative_strength": -10.706073, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.415835, "energy": 34.682143, "activity_lines": [ 9.432, 9.467542, 9.758696, 10.011504 ] }, { "date": "2024-08-16", "close": 9.66, "volume": 21082185, "typical_volume": 23119192.3, "trend": 10.23978, "fair_value": 11.487822, "relative_strength": -6.240593, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.050124, "energy": 19.962548, "activity_lines": [ 9.540667, 9.49535, 9.725187, 9.969464 ] }, { "date": "2024-08-23", "close": 9.82, "volume": 24191010, "typical_volume": 23842938.55, "trend": 10.201244, "fair_value": 11.498136, "relative_strength": -3.982653, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.503116, "energy": 18.45069, "activity_lines": [ 9.668667, 9.546579, 9.71323, 9.942381 ] }, { "date": "2024-08-30", "close": 9.46, "volume": 20310220, "typical_volume": 24298378.55, "trend": 10.147047, "fair_value": 11.505548, "relative_strength": -7.055816, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.894557, "energy": 19.173977, "activity_lines": [ 9.615333, 9.527587, 9.671541, 9.894559 ] }, { "date": "2024-09-06", "close": 9.31, "volume": 24933410, "typical_volume": 24563686.4, "trend": 10.14278, "fair_value": 11.512273, "relative_strength": -6.049841, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.39049, "energy": 22.920957, "activity_lines": [ 9.486667, 9.491455, 9.619648, 9.840556 ] }, { "date": "2024-09-13", "close": 8.69, "volume": 15910640, "typical_volume": 24288128.75, "trend": 10.102532, "fair_value": 11.515023, "relative_strength": -10.288401, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.425457, "energy": 39.781587, "activity_lines": [ 9.224667, 9.355455, 9.509316, 9.746828 ] }, { "date": "2024-09-20", "close": 8.88, "volume": 10652100, "typical_volume": 24034202.75, "trend": 10.040654, "fair_value": 11.521186, "relative_strength": -9.283464, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.231334, "energy": 52.047876, "activity_lines": [ 9.055333, 9.268, 9.424874, 9.667955 ] }, { "date": "2024-09-27", "close": 9.4, "volume": 30074450, "typical_volume": 23925802.85, "trend": 9.980461, "fair_value": 11.52922, "relative_strength": -14.691744, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.319878, "energy": 44.857106, "activity_lines": [ 9.111333, 9.28, 9.398082, 9.626623 ] }, { "date": "2024-10-04", "close": 10.22, "volume": 17210910, "typical_volume": 23481893.25, "trend": 9.955925, "fair_value": 11.541961, "relative_strength": -14.012431, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.585829, "energy": 13.176845, "activity_lines": [ 9.468667, 9.432, 9.457081, 9.642077 ] }, { "date": "2024-10-11", "close": 9.07, "volume": 65786288, "typical_volume": 25595260.15, "trend": 9.887396, "fair_value": 11.544175, "relative_strength": -20.56028, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.274465, "energy": 17.469035, "activity_lines": [ 9.392, 9.354182, 9.411392, 9.584921 ] }, { "date": "2024-10-18", "close": 10.0, "volume": 72849086, "typical_volume": 28614077.45, "trend": 9.824899, "fair_value": 11.555551, "relative_strength": -13.274044, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.859233, "energy": 10.074861, "activity_lines": [ 9.641333, 9.469818, 9.460261, 9.592185 ] }, { "date": "2024-10-25", "close": 10.73, "volume": 67850165, "typical_volume": 31150684.7, "trend": 9.816364, "fair_value": 11.562004, "relative_strength": -7.795685, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.060697, "energy": 25.162242, "activity_lines": [ 10.046667, 9.702364, 9.579401, 9.650579 ] }, { "date": "2024-11-01", "close": 10.6, "volume": 74188210, "typical_volume": 34389585.7, "trend": 9.810487, "fair_value": 11.571693, "relative_strength": -7.887536, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 24.447227, "energy": 39.426184, "activity_lines": [ 10.285333, 9.891818, 9.67958, 9.701136 ] }, { "date": "2024-11-08", "close": 11.9, "volume": 63825206, "typical_volume": 35345446.0, "trend": 9.863257, "fair_value": 11.584503, "relative_strength": -1.840613, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 54.660786, "energy": 66.432393, "activity_lines": [ 10.877333, 10.303455, 9.898606, 9.835943 ] }, { "date": "2024-11-15", "close": 12.0, "volume": 66822570, "typical_volume": 36957009.15, "trend": 9.948657, "fair_value": 11.588808, "relative_strength": 2.811297, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 77.216218, "energy": 80.408831, "activity_lines": [ 11.390667, 10.688909, 10.11819, 9.973798 ] }, { "date": "2024-11-22", "close": 13.43, "volume": 85392760, "typical_volume": 40603233.3, "trend": 10.052094, "fair_value": 11.606257, "relative_strength": 17.342378, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.396578, "energy": 87.781236, "activity_lines": [ 12.185333, 11.285455, 10.464524, 10.198401 ] }, { "date": "2024-11-29", "close": 12.62, "volume": 86311275, "typical_volume": 43686952.05, "trend": 10.119875, "fair_value": 11.61504, "relative_strength": 8.49792, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.245827, "energy": 81.486203, "activity_lines": [ 12.481333, 11.648545, 10.71481, 10.364072 ] }, { "date": "2024-12-06", "close": 12.16, "volume": 45901300, "typical_volume": 45457070.55, "trend": 10.158008, "fair_value": 11.620873, "relative_strength": 2.500455, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.190625, "energy": 73.09694, "activity_lines": [ 12.498, 11.86, 10.904762, 10.495693 ] }, { "date": "2024-12-13", "close": 12.16, "volume": 38493953, "typical_volume": 46772089.2, "trend": 10.188817, "fair_value": 11.626706, "relative_strength": 3.173615, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.513002, "energy": 52.636881, "activity_lines": [ 12.410667, 12.021273, 11.07919, 10.624854 ] }, { "date": "2024-12-20", "close": 11.61, "volume": 41919854, "typical_volume": 46750249.2, "trend": 10.231588, "fair_value": 11.600525, "relative_strength": -0.34662, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.315908, "energy": 39.630391, "activity_lines": [ 12.122667, 12.047273, 11.186571, 10.716543 ] }, { "date": "2024-12-27", "close": 10.83, "volume": 36579786, "typical_volume": 45514268.9, "trend": 10.254018, "fair_value": 11.566599, "relative_strength": -7.432882, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.020418, "energy": 22.416675, "activity_lines": [ 11.600667, 11.885273, 11.213952, 10.75515 ] }, { "date": "2025-01-03", "close": 10.54, "volume": 41712525, "typical_volume": 46545785.9, "trend": 10.293747, "fair_value": 11.530403, "relative_strength": -4.071722, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.590615, "energy": 19.892192, "activity_lines": [ 11.155333, 11.655455, 11.205619, 10.773601 ] }, { "date": "2025-01-10", "close": 11.47, "volume": 56864356, "typical_volume": 48179453.2, "trend": 10.357485, "fair_value": 11.497928, "relative_strength": 6.134232, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.474007, "energy": 21.13863, "activity_lines": [ 11.158667, 11.598182, 11.281667, 10.849488 ] }, { "date": "2025-01-17", "close": 11.14, "volume": 42849536, "typical_volume": 49306419.0, "trend": 10.394909, "fair_value": 11.470562, "relative_strength": 1.128227, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.552902, "energy": 19.5442, "activity_lines": [ 11.098, 11.465091, 11.318429, 10.899973 ] }, { "date": "2025-01-24", "close": 11.85, "volume": 59564726, "typical_volume": 51037984.8, "trend": 10.456, "fair_value": 11.4397, "relative_strength": 7.357254, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.793585, "energy": 16.999709, "activity_lines": [ 11.342, 11.474909, 11.41481, 10.993849 ] }, { "date": "2025-01-31", "close": 11.34, "volume": 7105880, "typical_volume": 50597746.8, "trend": 10.518667, "fair_value": 11.406208, "relative_strength": 2.98799, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.460095, "energy": 16.345227, "activity_lines": [ 11.4, 11.394727, 11.450524, 11.050882 ] }, { "date": "2025-02-07", "close": 11.99, "volume": 41475320, "typical_volume": 52138907.8, "trend": 10.613333, "fair_value": 11.381822, "relative_strength": 7.037362, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.784379, "energy": 23.260131, "activity_lines": [ 11.640667, 11.470727, 11.535524, 11.145806 ] }, { "date": "2025-02-14", "close": 12.62, "volume": 102652949, "typical_volume": 55767832.75, "trend": 10.737333, "fair_value": 11.339799, "relative_strength": 11.012264, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 61.170839, "energy": 42.398517, "activity_lines": [ 11.994667, 11.672727, 11.665714, 11.275269 ] }, { "date": "2025-02-21", "close": 12.91, "volume": 83980822, "typical_volume": 59106328.35, "trend": 10.865, "fair_value": 11.316829, "relative_strength": 12.317336, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.226722, "energy": 59.332306, "activity_lines": [ 12.368667, 11.919091, 11.80819, 11.415441 ] }, { "date": "2025-02-28", "close": 12.63, "volume": 161795420, "typical_volume": 63906784.95, "trend": 10.939, "fair_value": 11.294213, "relative_strength": 11.743593, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.462925, "energy": 61.274522, "activity_lines": [ 12.531333, 12.100909, 11.91119, 11.529312 ] }, { "date": "2025-03-07", "close": 12.69, "volume": 63741213, "typical_volume": 63451391.3, "trend": 11.057667, "fair_value": 11.277698, "relative_strength": 10.451488, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.861872, "energy": 61.142517, "activity_lines": [ 12.662, 12.275091, 12.002952, 11.64228 ] }, { "date": "2025-03-14", "close": 12.67, "volume": 42426234, "typical_volume": 62180194.75, "trend": 11.158, "fair_value": 11.258952, "relative_strength": 8.722607, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.25079, "energy": 53.018281, "activity_lines": [ 12.696, 12.411818, 12.08, 11.746301 ] }, { "date": "2025-03-21", "close": 12.16, "volume": 28494604, "typical_volume": 59895514.45, "trend": 11.236, "fair_value": 11.237119, "relative_strength": 6.212561, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.186364, "energy": 33.194828, "activity_lines": [ 12.514667, 12.417091, 12.099238, 11.810946 ] }, { "date": "2025-03-28", "close": 11.25, "volume": 30161423, "typical_volume": 58212325.3, "trend": 11.295667, "fair_value": 11.210001, "relative_strength": -1.196662, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 21.680978, "energy": 11.675118, "activity_lines": [ 12.060667, 12.244364, 12.024381, 11.811849 ] }, { "date": "2025-04-04", "close": 11.17, "volume": 13791340, "typical_volume": 55560763.8, "trend": 11.357667, "fair_value": 11.1933, "relative_strength": -1.532282, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 11.543825, "energy": 14.972251, "activity_lines": [ 11.690667, 12.055091, 11.945, 11.803742 ] }, { "date": "2025-04-11", "close": 9.65, "volume": 44650836, "typical_volume": 53523667.6, "trend": 11.389667, "fair_value": 11.166581, "relative_strength": -11.987531, "stage": 4, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -39.626573, "energy": 37.454615, "activity_lines": [ 10.911333, 11.601818, 11.72481, 11.69357 ] }, { "date": "2025-04-18", "close": 9.93, "volume": 25636020, "typical_volume": 50489904.85, "trend": 11.424667, "fair_value": 11.138136, "relative_strength": -10.473298, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.949601, "energy": 60.726924, "activity_lines": [ 10.428, 11.230182, 11.549286, 11.599398 ] }, { "date": "2025-04-25", "close": 9.98, "volume": 23659000, "typical_volume": 49377789.85, "trend": 11.444, "fair_value": 11.115407, "relative_strength": -10.362767, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.201774, "energy": 66.551971, "activity_lines": [ 10.144, 10.905091, 11.391333, 11.506194 ] }, { "date": "2025-05-02", "close": 10.4, "volume": 20742100, "typical_volume": 48490197.2, "trend": 11.45, "fair_value": 11.096239, "relative_strength": -6.006499, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -63.881549, "energy": 72.641844, "activity_lines": [ 10.145333, 10.704364, 11.283762, 11.438839 ] }, { "date": "2025-05-09", "close": 10.8, "volume": 25766808, "typical_volume": 47682544.9, "trend": 11.507667, "fair_value": 11.08581, "relative_strength": -4.088054, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.397846, "energy": 55.666293, "activity_lines": [ 10.336667, 10.622, 11.222667, 11.396903 ] }, { "date": "2025-05-16", "close": 10.56, "volume": 18914416, "typical_volume": 46799276.4, "trend": 11.526333, "fair_value": 11.076905, "relative_strength": -6.701458, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.44971, "energy": 37.347762, "activity_lines": [ 10.472667, 10.529273, 11.142571, 11.335763 ] }, { "date": "2025-05-23", "close": 10.74, "volume": 47516040, "typical_volume": 47089452.15, "trend": 11.526667, "fair_value": 11.069932, "relative_strength": -4.495995, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.040651, "energy": 25.157116, "activity_lines": [ 10.608, 10.508, 11.080905, 11.285032 ] }, { "date": "2025-05-30", "close": 10.23, "volume": 33536220, "typical_volume": 45923045.35, "trend": 11.514333, "fair_value": 11.055711, "relative_strength": -8.884729, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.770691, "energy": 27.806438, "activity_lines": [ 10.519333, 10.429091, 10.969714, 11.201376 ] }, { "date": "2025-06-06", "close": 10.57, "volume": 23469810, "typical_volume": 44954059.05, "trend": 11.47, "fair_value": 11.034249, "relative_strength": -6.940876, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.773123, "energy": 25.660576, "activity_lines": [ 10.527333, 10.447091, 10.89681, 11.140452 ] }, { "date": "2025-06-13", "close": 10.03, "volume": 34285860, "typical_volume": 43690115.75, "trend": 11.404333, "fair_value": 11.007634, "relative_strength": -11.384201, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.140138, "energy": 35.846057, "activity_lines": [ 10.344, 10.379273, 10.77519, 11.047548 ] }, { "date": "2025-06-20", "close": 9.79, "volume": 26697340, "typical_volume": 44669688.75, "trend": 11.283, "fair_value": 10.983413, "relative_strength": -12.85067, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.873546, "energy": 48.457806, "activity_lines": [ 10.132, 10.288545, 10.639381, 10.943398 ] }, { "date": "2025-06-27", "close": 10.37, "volume": 34409833, "typical_volume": 44316414.4, "trend": 11.208, "fair_value": 10.957148, "relative_strength": -9.240558, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.755101, "energy": 36.414608, "activity_lines": [ 10.164667, 10.300727, 10.56619, 10.884495 ] }, { "date": "2025-07-04", "close": 10.22, "volume": 37161418, "typical_volume": 41041837.85, "trend": 11.143333, "fair_value": 10.918626, "relative_strength": -11.658025, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.40703, "energy": 36.530953, "activity_lines": [ 10.172, 10.277636, 10.486429, 10.820753 ] }, { "date": "2025-07-11", "close": 10.46, "volume": 41231750, "typical_volume": 38904384.25, "trend": 11.086667, "fair_value": 10.903867, "relative_strength": -10.507189, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.799713, "energy": 33.262008, "activity_lines": [ 10.26, 10.293818, 10.440952, 10.776667 ] }, { "date": "2025-07-18", "close": 10.55, "volume": 31500340, "typical_volume": 32389630.25, "trend": 11.051333, "fair_value": 10.890463, "relative_strength": -10.358211, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.393082, "energy": 20.116569, "activity_lines": [ 10.385333, 10.325273, 10.415714, 10.742043 ] }, { "date": "2025-07-25", "close": 10.56, "volume": 40473114, "typical_volume": 31226225.3, "trend": 11.042333, "fair_value": 10.877671, "relative_strength": -11.647389, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.945574, "energy": 16.590618, "activity_lines": [ 10.479333, 10.363091, 10.401333, 10.710344 ] }, { "date": "2025-08-01", "close": 10.26, "volume": 44322220, "typical_volume": 31321024.6, "trend": 11.033, "fair_value": 10.869496, "relative_strength": -12.992042, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.477138, "energy": 17.594176, "activity_lines": [ 10.422, 10.346364, 10.368524, 10.659871 ] }, { "date": "2025-08-08", "close": 10.58, "volume": 43893820, "typical_volume": 32090985.4, "trend": 11.003333, "fair_value": 10.867305, "relative_strength": -11.991082, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.685667, "energy": 12.517275, "activity_lines": [ 10.478667, 10.396545, 10.377667, 10.630645 ] }, { "date": "2025-08-15", "close": 10.6, "volume": 40989109, "typical_volume": 32632369.7, "trend": 10.985333, "fair_value": 10.864235, "relative_strength": -13.048545, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.347633, "energy": 11.250311, "activity_lines": [ 10.518, 10.444, 10.396238, 10.604624 ] }, { "date": "2025-08-22", "close": 11.01, "volume": 58979470, "typical_volume": 34891776.2, "trend": 10.957333, "fair_value": 10.858856, "relative_strength": -12.443146, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.351115, "energy": 9.330147, "activity_lines": [ 10.684667, 10.565455, 10.456952, 10.606215 ] }, { "date": "2025-08-29", "close": 10.55, "volume": 64686931, "typical_volume": 35893580.95, "trend": 10.931, "fair_value": 10.85135, "relative_strength": -16.510807, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.312547, "energy": 14.200527, "activity_lines": [ 10.667333, 10.585455, 10.474619, 10.579935 ] }, { "date": "2025-09-05", "close": 10.07, "volume": 66350869, "typical_volume": 37929323.4, "trend": 10.867, "fair_value": 10.8431, "relative_strength": -19.015497, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.090256, "energy": 17.080222, "activity_lines": [ 10.490667, 10.504364, 10.442286, 10.524387 ] }, { "date": "2025-09-12", "close": 10.21, "volume": 49493593, "typical_volume": 39221053.05, "trend": 10.786667, "fair_value": 10.838766, "relative_strength": -18.84625, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.006167, "energy": 18.116375, "activity_lines": [ 10.373333, 10.454182, 10.422619, 10.482 ] }, { "date": "2025-09-19", "close": 10.64, "volume": 63376104, "typical_volume": 41352753.25, "trend": 10.711, "fair_value": 10.837965, "relative_strength": -14.076692, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.754702, "energy": 15.307456, "activity_lines": [ 10.424, 10.482364, 10.44281, 10.472538 ] }, { "date": "2025-09-26", "close": 11.1, "volume": 115197654, "typical_volume": 45824295.55, "trend": 10.66, "fair_value": 10.841668, "relative_strength": -10.472724, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 10.791935, "energy": 6.555384, "activity_lines": [ 10.625333, 10.590909, 10.505667, 10.497634 ] }, { "date": "2025-10-03", "close": 11.23, "volume": 44878811, "typical_volume": 47122515.3, "trend": 10.611333, "fair_value": 10.845061, "relative_strength": -10.608878, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.086726, "energy": 35.681241, "activity_lines": [ 10.864, 10.713091, 10.579476, 10.534409 ] }, { "date": "2025-10-10", "close": 11.4, "volume": 31503808, "typical_volume": 46321903.7, "trend": 10.569, "fair_value": 10.855352, "relative_strength": -9.64474, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 63.914912, "energy": 60.965503, "activity_lines": [ 11.114, 10.854, 10.666286, 10.58529 ] }, { "date": "2025-10-17", "close": 11.0, "volume": 94820825, "typical_volume": 49386133.95, "trend": 10.530333, "fair_value": 10.865776, "relative_strength": -11.408762, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.745952, "energy": 57.354615, "activity_lines": [ 11.142, 10.901455, 10.711857, 10.613097 ] }, { "date": "2025-10-24", "close": 12.28, "volume": 163283921, "typical_volume": 56376839.5, "trend": 10.564667, "fair_value": 10.88468, "relative_strength": -3.785938, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.127866, "energy": 70.31273, "activity_lines": [ 11.544, 11.174, 10.875667, 10.725978 ] }, { "date": "2025-10-31", "close": 12.71, "volume": 124437351, "typical_volume": 60884414.05, "trend": 10.616, "fair_value": 10.903093, "relative_strength": -0.514377, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.3818, "energy": 74.764304, "activity_lines": [ 11.98, 11.494182, 11.072286, 10.864387 ] }, { "date": "2025-11-07", "close": 12.26, "volume": 80232185, "typical_volume": 63561156.3, "trend": 10.703, "fair_value": 10.908516, "relative_strength": -4.847994, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.520282, "energy": 68.045002, "activity_lines": [ 12.158667, 11.701636, 11.213286, 10.970452 ] }, { "date": "2025-11-14", "close": 11.71, "volume": 58542989, "typical_volume": 64767814.1, "trend": 10.762333, "fair_value": 10.911556, "relative_strength": -8.591251, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.754698, "energy": 61.87619, "activity_lines": [ 12.085333, 11.778, 11.290143, 11.035419 ] }, { "date": "2025-11-21", "close": 11.06, "volume": 51509060, "typical_volume": 65485196.2, "trend": 10.798333, "fair_value": 10.903982, "relative_strength": -9.497189, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.016392, "energy": 36.206023, "activity_lines": [ 11.774667, 11.706364, 11.298714, 11.054624 ] }, { "date": "2025-11-28", "close": 11.74, "volume": 57665194, "typical_volume": 66306868.4, "trend": 10.843, "fair_value": 10.903327, "relative_strength": -4.814565, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.363087, "energy": 23.335953, "activity_lines": [ 11.686667, 11.742909, 11.368048, 11.115376 ] }, { "date": "2025-12-05", "close": 12.24, "volume": 57069849, "typical_volume": 67585343.85, "trend": 10.891, "fair_value": 10.899384, "relative_strength": -0.859986, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.944517, "energy": 25.008214, "activity_lines": [ 11.801333, 11.850364, 11.478905, 11.205505 ] }, { "date": "2025-12-12", "close": 12.82, "volume": 162155000, "typical_volume": 73669438.15, "trend": 10.966333, "fair_value": 10.90044, "relative_strength": 4.380526, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 66.353037, "energy": 36.686825, "activity_lines": [ 12.140667, 12.042545, 11.636952, 11.329957 ] }, { "date": "2025-12-19", "close": 14.75, "volume": 195553022, "typical_volume": 81230978.25, "trend": 11.1, "fair_value": 10.918989, "relative_strength": 19.809403, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.446725, "energy": 68.617933, "activity_lines": [ 13.086, 12.556727, 11.968048, 11.574065 ] }, { "date": "2025-12-26", "close": 14.3, "volume": 318818957, "typical_volume": 94977235.1, "trend": 11.235667, "fair_value": 10.933784, "relative_strength": 13.716151, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.966347, "energy": 75.780582, "activity_lines": [ 13.678667, 12.928182, 12.234905, 11.780516 ] }, { "date": "2026-01-02", "close": 14.58, "volume": 109381700, "typical_volume": 98396864.65, "trend": 11.369333, "fair_value": 10.95481, "relative_strength": 15.517791, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.264215, "energy": 78.915936, "activity_lines": [ 14.148667, 13.290545, 12.510714, 11.99628 ] }, { "date": "2026-01-09", "close": 17.18, "volume": 247270858, "typical_volume": 107811434.05, "trend": 11.607667, "fair_value": 10.998448, "relative_strength": 30.675843, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.91603, "energy": 87.89441, "activity_lines": [ 15.296, 14.083818, 13.01519, 12.371161 ] }, { "date": "2026-01-16", "close": 16.030001, "volume": 423887034, "typical_volume": 125771439.2, "trend": 11.815667, "fair_value": 11.036085, "relative_strength": 22.131777, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.907481, "energy": 73.691182, "activity_lines": [ 15.730667, 14.586727, 13.380762, 12.656473 ] }, { "date": "2026-01-23", "close": 16.280001, "volume": 159751530, "typical_volume": 130441472.25, "trend": 12.012667, "fair_value": 11.068009, "relative_strength": 22.793299, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.52245, "energy": 68.212782, "activity_lines": [ 16.034667, 15.066546, 13.744048, 12.944495 ] }, { "date": "2026-01-30", "close": 14.45, "volume": 136923730, "typical_volume": 134812979.1, "trend": 12.153667, "fair_value": 11.09122, "relative_strength": 9.459055, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.842504, "energy": 50.72799, "activity_lines": [ 15.626667, 15.130546, 13.903476, 13.101742 ] }, { "date": "2026-02-06", "close": 14.67, "volume": 61087311, "typical_volume": 134698539.45, "trend": 12.294, "fair_value": 11.113326, "relative_strength": 12.571027, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.183949, "energy": 39.588684, "activity_lines": [ 15.282, 15.172909, 14.063667, 13.264086 ] }, { "date": "2026-02-13", "close": 14.45, "volume": 48187600, "typical_volume": 131348036.75, "trend": 12.424, "fair_value": 11.13329, "relative_strength": 10.588173, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.269254, "energy": 26.916871, "activity_lines": [ 14.858, 15.122, 14.183714, 13.403183 ] }, { "date": "2026-02-27", "close": 15.2, "volume": 45920113, "typical_volume": 131400101.85, "trend": 12.578667, "fair_value": 11.156552, "relative_strength": 14.18602, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.013191, "energy": 21.729694, "activity_lines": [ 14.866, 15.167273, 14.359238, 13.58228 ] }, { "date": "2026-03-06", "close": 13.99, "volume": 63790000, "typical_volume": 133014411.45, "trend": 12.703, "fair_value": 11.171693, "relative_strength": 6.344931, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.114295, "energy": 18.581115, "activity_lines": [ 14.526, 14.949273, 14.400619, 13.673333 ] }, { "date": "2026-03-13", "close": 13.33, "volume": 43764666, "typical_volume": 130461603.5, "trend": 12.794667, "fair_value": 11.181917, "relative_strength": 2.352573, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.711825, "energy": 15.693843, "activity_lines": [ 14.118667, 14.625091, 14.36681, 13.713785 ] }, { "date": "2026-03-20", "close": 12.23, "volume": 45827269, "typical_volume": 124588770.9, "trend": 12.849, "fair_value": 11.18454, "relative_strength": -2.446819, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.614406, "energy": 11.5872, "activity_lines": [ 13.419333, 14.118546, 14.217143, 13.677355 ] }, { "date": "2026-03-27", "close": 12.44, "volume": 64086520, "typical_volume": 121571229.35, "trend": 12.896667, "fair_value": 11.190614, "relative_strength": 0.592598, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.003655, "energy": 19.956005, "activity_lines": [ 12.952667, 13.692909, 14.087714, 13.650968 ] }, { "date": "2026-04-03", "close": 12.12, "volume": 56506800, "typical_volume": 120384960.1, "trend": 12.949, "fair_value": 11.194727, "relative_strength": -1.005085, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -24.880504, "energy": 39.411827, "activity_lines": [ 12.513333, 13.295273, 13.929095, 13.60086 ] }, { "date": "2026-04-10", "close": 13.15, "volume": 40869500, "typical_volume": 119501285.65, "trend": 13.051667, "fair_value": 11.208599, "relative_strength": 4.575939, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.855993, "energy": 37.882228, "activity_lines": [ 12.622667, 13.156, 13.869238, 13.613828 ] }, { "date": "2026-04-17", "close": 13.59, "volume": 43274030, "typical_volume": 119089534.15, "trend": 13.164333, "fair_value": 11.226983, "relative_strength": 6.093676, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.21928, "energy": 29.18907, "activity_lines": [ 12.934667, 13.153636, 13.844429, 13.648559 ] }, { "date": "2026-04-24", "close": 13.33, "volume": 59382930, "typical_volume": 119175420.95, "trend": 13.254, "fair_value": 11.241139, "relative_strength": 3.189019, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -4.688278, "energy": 10.521212, "activity_lines": [ 13.142667, 13.119636, 13.78281, 13.659247 ] }, { "date": "2026-05-01", "close": 13.68, "volume": 41405090, "typical_volume": 118392183.0, "trend": 13.34, "fair_value": 11.259094, "relative_strength": 4.877864, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 2.104406, "energy": 9.401845, "activity_lines": [ 13.394, 13.173636, 13.746952, 13.686731 ] }, { "date": "2026-05-08", "close": 14.47, "volume": 37371670, "typical_volume": 112153016.5, "trend": 13.448, "fair_value": 11.283897, "relative_strength": 8.943578, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 25.335311, "energy": 23.173464, "activity_lines": [ 13.826, 13.385273, 13.779476, 13.759634 ] }, { "date": "2026-05-15", "close": 13.77, "volume": 64210643, "typical_volume": 105585897.55, "trend": 13.527, "fair_value": 11.304395, "relative_strength": 4.728299, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 4.129944, "energy": 13.408712, "activity_lines": [ 13.868, 13.482909, 13.737476, 13.780409 ] }, { "date": "2026-05-22", "close": 14.26, "volume": 59932490, "typical_volume": 92641574.2, "trend": 13.635667, "fair_value": 11.329497, "relative_strength": 8.830025, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.816141, "energy": 24.445132, "activity_lines": [ 14.032, 13.673636, 13.74681, 13.827699 ] }, { "date": "2026-05-29", "close": 12.51, "volume": 60102886, "typical_volume": 90177633.5, "trend": 13.643333, "fair_value": 11.345257, "relative_strength": -3.408041, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.102511, "energy": 10.428452, "activity_lines": [ 13.568, 13.529273, 13.589667, 13.755075 ] }, { "date": "2026-06-05", "close": 13.02, "volume": 20456100, "typical_volume": 78836895.6, "trend": 13.653667, "fair_value": 11.364103, "relative_strength": 1.440726, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.789184, "energy": 15.025965, "activity_lines": [ 13.328667, 13.472545, 13.490952, 13.71486 ] }, { "date": "2026-06-12", "close": 11.17, "volume": 12156300, "typical_volume": 58250358.9, "trend": 13.617333, "fair_value": 11.369946, "relative_strength": -12.869551, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -73.213325, "energy": 62.564574, "activity_lines": [ 12.516667, 13.068909, 13.235857, 13.554624 ] }, { "date": "2026-06-19", "close": 11.94, "volume": 70560538, "typical_volume": 53790809.3, "trend": 13.625, "fair_value": 11.380863, "relative_strength": -8.177507, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.837951, "energy": 67.537637, "activity_lines": [ 12.181333, 12.822545, 13.077238, 13.446409 ] }, { "date": "2026-06-26", "close": 10.82, "volume": 14111240, "typical_volume": 47650184.8, "trend": 13.617, "fair_value": 11.383869, "relative_strength": -15.368267, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.604575, "energy": 78.781721, "activity_lines": [ 11.594667, 12.394545, 12.832619, 13.265441 ] }, { "date": "2026-07-03", "close": 11.05, "volume": 15003790, "typical_volume": 45346008.75, "trend": 13.594, "fair_value": 11.386336, "relative_strength": -13.76484, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.766905, "energy": 79.760595, "activity_lines": [ 11.314, 12.058727, 12.62719, 13.099828 ] }, { "date": "2026-07-10", "close": 10.15, "volume": 60406180, "typical_volume": 45956937.75, "trend": 13.524333, "fair_value": 11.374319, "relative_strength": -19.650682, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.556416, "energy": 82.722175, "activity_lines": [ 10.830667, 11.600727, 12.353286, 12.877634 ] }, { "date": "2026-07-17", "close": 8.4, "volume": 52436449, "typical_volume": 46282754.55, "trend": 13.377, "fair_value": 11.355629, "relative_strength": -29.082622, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.855341, "energy": 91.80227, "activity_lines": [ 9.955333, 10.888727, 11.93319, 12.547032 ] }, { "date": "2026-07-24", "close": 8.17, "volume": 63533791, "typical_volume": 46269944.1, "trend": 13.157667, "fair_value": 11.3459, "relative_strength": -31.576923, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.467112, "energy": 92.291402, "activity_lines": [ 9.188, 10.245273, 11.523571, 12.211097 ] }, { "date": "2026-07-31", "close": 8.55, "volume": 44411690, "typical_volume": 46302295.3, "trend": 12.966, "fair_value": 11.337327, "relative_strength": -28.420903, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.502152, "energy": 88.162974, "activity_lines": [ 8.798667, 9.772727, 11.177857, 11.913828 ] }, { "date": "2026-08-07", "close": 9.27, "volume": 38115697, "typical_volume": 45916716.7, "trend": 12.789, "fair_value": 11.331832, "relative_strength": -24.268724, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.231845, "energy": 81.328566, "activity_lines": [ 8.800667, 9.534909, 10.923476, 11.675376 ] } ], "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." } } }