{ "ticker": { "uuid": "4e679de8-d62d-40e7-8314-2647305974ad", "symbol": "300636", "name": "Jiangxi Synergy Pharmaceutical Co., Ltd.", "exchange": "SHZ", "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": "399001.SZ", "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": -41.383, "architecture_energy": 30.049, "architecture_maturity": 69.37, "architecture_confidence": 81.671, "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": 34.79, "rotation_up": 26.25, "upward_expansion": 15.98, "deceleration": 46.46, "rotation_down": 31.49, "downward_expansion": 61.31 }, "activity_lines": [ 6.742, 6.699636, 6.893793, 7.160345 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 6.94, "trend_reference": 7.480479, "distance_from_trend": -0.072252, "trend_direction": "Weakening", "fair_value": 8.563352, "distance_from_fair_value": -0.18957, "fair_value_direction": "Weakening", "relative_strength": -15.084497, "relative_strength_direction": "Improving", "price_momentum": -0.150551, "excess_performance": -0.157951, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.072252, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.055989, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.18957, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.051886, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.150845, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.072315, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.150551, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.641421, "read": "Supply-led" } ], "volume": { "latest": 30811967, "relative_activity": 1.14357, "balance": 0.641421, "dry_up": 1.252831, "accumulation_observations": 3, "distribution_observations": 4 }, "risk": { "range_context": 0.06607, "annualized_volatility": 0.248003, "from_high_reference": -0.267932, "from_low_reference": 0.103339 }, "levels": { "trend_reference": 7.480479, "fair_value_reference": 8.563352, "structural_low": 6.29, "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": 29, "median_return": -0.000889, "positive_rate": 0.482759, "directional_follow_through": 0.517241, "median_excess_return": -0.004944, "regime_survival": 0.758621, "best_return": 0.385753, "worst_return": -0.150854, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": 0.101139, "positive_rate": 0.7, "directional_follow_through": 0.3, "median_excess_return": 0.016167, "regime_survival": 0.3, "best_return": 0.285019, "worst_return": -0.275142, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.041916, "positive_rate": 0.571429, "directional_follow_through": 0.428571, "median_excess_return": -0.016777, "regime_survival": 0.285714, "best_return": 0.452891, "worst_return": -0.124312, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.046629, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.115106, "regime_survival": 0.75, "best_return": 0.307015, "worst_return": -0.286101, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-05-10", "end": "2024-06-28", "tenure": "Developing", "return": -0.054719, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-05", "end": "2024-07-26", "tenure": "New", "return": -0.147239, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-08-02", "end": "2024-09-13", "tenure": "Developing", "return": -0.207719, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-20", "end": "2024-10-25", "tenure": "Developing", "return": 0.290087, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-01", "end": "2025-01-10", "tenure": "Developing", "return": -0.093413, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-17", "end": "2025-06-06", "tenure": "Established", "return": 0.046875, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-07-11", "tenure": "Developing", "return": 0.023247, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-18", "end": "2025-07-25", "tenure": "New", "return": 0.00486, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-01", "end": "2025-10-03", "tenure": "Developing", "return": -0.015134, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-10", "end": "2025-12-05", "tenure": "Developing", "return": -0.071594, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-12-12", "end": "2026-01-02", "tenure": "New", "return": -0.038412, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-09", "end": "2026-03-06", "tenure": "Developing", "return": 0.059508, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-13", "end": "2026-05-15", "tenure": "Developing", "return": -0.097688, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-22", "end": "2026-08-07", "tenure": "Developing", "return": -0.035781, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 11.682524, "volume": 16822453, "typical_volume": 13555091.4, "trend": 13.470915, "fair_value": 12.970253, "relative_strength": -12.866363, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.445263, "energy": 57.826819, "activity_lines": [ 11.844368, 12.010957, 12.397082, 12.845396 ] }, { "date": "2023-08-04", "close": 11.19699, "volume": 17887475, "typical_volume": 13915738.35, "trend": 13.356636, "fair_value": 12.940936, "relative_strength": -17.293969, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.389159, "energy": 67.405034, "activity_lines": [ 11.601932, 11.822148, 12.253126, 12.698691 ] }, { "date": "2023-08-11", "close": 11.256443, "volume": 21712731, "typical_volume": 13846800.25, "trend": 13.25948, "fair_value": 12.919256, "relative_strength": -13.431671, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.761469, "energy": 75.0413, "activity_lines": [ 11.44273, 11.681262, 12.126974, 12.563194 ] }, { "date": "2023-08-18", "close": 10.810545, "volume": 18294944, "typical_volume": 13919720.1, "trend": 13.120139, "fair_value": 12.893985, "relative_strength": -13.976349, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.096922, "energy": 84.572016, "activity_lines": [ 11.185099, 11.48867, 11.966261, 12.405199 ] }, { "date": "2023-08-25", "close": 10.424101, "volume": 15904212, "typical_volume": 14113366.05, "trend": 12.959358, "fair_value": 12.868463, "relative_strength": -14.249834, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.586393, "energy": 90.954728, "activity_lines": [ 10.880568, 11.257704, 11.778541, 12.231261 ] }, { "date": "2023-09-01", "close": 10.751093, "volume": 14805587, "typical_volume": 13911162.75, "trend": 12.810465, "fair_value": 12.851193, "relative_strength": -14.255792, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.185715, "energy": 82.449914, "activity_lines": [ 10.772892, 11.117359, 11.635666, 12.088792 ] }, { "date": "2023-09-08", "close": 10.642096, "volume": 10650579, "typical_volume": 13646708.6, "trend": 12.652013, "fair_value": 12.834954, "relative_strength": -13.556814, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.436044, "energy": 78.163928, "activity_lines": [ 10.690979, 10.978456, 11.496769, 11.948897 ] }, { "date": "2023-09-15", "close": 11.355532, "volume": 27757876, "typical_volume": 14107932.9, "trend": 12.518, "fair_value": 12.819804, "relative_strength": -6.501371, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.598843, "energy": 56.445308, "activity_lines": [ 10.883871, 10.996652, 11.440272, 11.865253 ] }, { "date": "2023-09-22", "close": 11.147447, "volume": 15242902, "typical_volume": 14584270.1, "trend": 12.370139, "fair_value": 12.79436, "relative_strength": -8.527817, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.995379, "energy": 41.150223, "activity_lines": [ 11.000796, 10.988905, 11.373415, 11.77683 ] }, { "date": "2023-09-29", "close": 11.414986, "volume": 15965814, "typical_volume": 14300134.3, "trend": 12.245021, "fair_value": 12.779225, "relative_strength": -5.783626, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.26104, "energy": 29.660554, "activity_lines": [ 11.18444, 11.046016, 11.341028, 11.715208 ] }, { "date": "2023-10-13", "close": 11.751885, "volume": 15619001, "typical_volume": 14541824.3, "trend": 12.164051, "fair_value": 12.76803, "relative_strength": -2.787366, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.84567, "energy": 23.757048, "activity_lines": [ 11.414325, 11.170327, 11.345151, 11.683392 ] }, { "date": "2023-10-20", "close": 10.751093, "volume": 14271322, "typical_volume": 14493875.85, "trend": 12.064205, "fair_value": 12.746254, "relative_strength": -6.426826, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.771457, "energy": 22.946464, "activity_lines": [ 11.243893, 11.111414, 11.259039, 11.592234 ] }, { "date": "2023-10-27", "close": 11.137537, "volume": 21976047, "typical_volume": 14858200.45, "trend": 12.004891, "fair_value": 12.731069, "relative_strength": -4.985762, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.374853, "energy": 16.812808, "activity_lines": [ 11.195009, 11.130872, 11.221574, 11.532449 ] }, { "date": "2023-11-03", "close": 11.256443, "volume": 16717857, "typical_volume": 15166139.75, "trend": 11.951187, "fair_value": 12.713162, "relative_strength": -4.321662, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.96517, "energy": 17.332986, "activity_lines": [ 11.200293, 11.17411, 11.203691, 11.484162 ] }, { "date": "2023-11-10", "close": 11.414986, "volume": 13748357, "typical_volume": 15302841.55, "trend": 11.888284, "fair_value": 12.694908, "relative_strength": -3.72965, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.590797, "energy": 16.033952, "activity_lines": [ 11.251159, 11.238067, 11.207135, 11.449568 ] }, { "date": "2023-11-17", "close": 11.62307, "volume": 13099599, "typical_volume": 15679028.0, "trend": 11.816846, "fair_value": 12.67461, "relative_strength": -1.660696, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.851297, "energy": 7.351076, "activity_lines": [ 11.371386, 11.321842, 11.233842, 11.432458 ] }, { "date": "2023-11-24", "close": 11.732068, "volume": 12395160, "typical_volume": 15647751.2, "trend": 11.752003, "fair_value": 12.674448, "relative_strength": 1.012877, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.295086, "energy": 10.998784, "activity_lines": [ 11.536533, 11.40958, 11.272345, 11.426988 ] }, { "date": "2023-12-01", "close": 11.484347, "volume": 9888733, "typical_volume": 15593880.25, "trend": 11.690095, "fair_value": 12.668768, "relative_strength": 0.549261, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.030675, "energy": 13.488084, "activity_lines": [ 11.553709, 11.432461, 11.289237, 11.40972 ] }, { "date": "2023-12-08", "close": 11.078085, "volume": 9619039, "typical_volume": 15658988.45, "trend": 11.62485, "fair_value": 12.660694, "relative_strength": -0.87558, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.128866, "energy": 12.486016, "activity_lines": [ 11.412343, 11.379133, 11.269939, 11.370235 ] }, { "date": "2023-12-15", "close": 10.77091, "volume": 13565814, "typical_volume": 15797275.1, "trend": 11.572407, "fair_value": 12.653611, "relative_strength": -1.527961, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.498701, "energy": 21.691799, "activity_lines": [ 11.180476, 11.271217, 11.225962, 11.315143 ] }, { "date": "2023-12-22", "close": 10.443918, "volume": 13495507, "typical_volume": 15630927.8, "trend": 11.493265, "fair_value": 12.650011, "relative_strength": -2.426627, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -65.402821, "energy": 49.916059, "activity_lines": [ 10.88255, 11.115558, 11.155468, 11.242337 ] }, { "date": "2023-12-29", "close": 10.443918, "volume": 8584975, "typical_volume": 15165802.8, "trend": 11.400122, "fair_value": 12.643976, "relative_strength": -5.111401, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.67342, "energy": 63.806899, "activity_lines": [ 10.663234, 10.98368, 11.090871, 11.174637 ] }, { "date": "2024-01-05", "close": 10.0872, "volume": 5811678, "typical_volume": 14370750.15, "trend": 11.307309, "fair_value": 12.640316, "relative_strength": -3.933415, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.099853, "energy": 75.572432, "activity_lines": [ 10.410889, 10.792529, 10.995888, 11.089932 ] }, { "date": "2024-01-12", "close": 9.839479, "volume": 10496884, "typical_volume": 13980847.15, "trend": 11.216478, "fair_value": 12.638684, "relative_strength": -4.66845, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.996851, "energy": 81.167641, "activity_lines": [ 10.169113, 10.575436, 10.88288, 10.995234 ] }, { "date": "2024-01-19", "close": 9.284584, "volume": 11048969, "typical_volume": 13738085.0, "trend": 11.121353, "fair_value": 12.638315, "relative_strength": -7.608374, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.900236, "energy": 90.047583, "activity_lines": [ 9.824946, 10.283215, 10.721649, 10.870595 ] }, { "date": "2024-01-26", "close": 8.868413, "volume": 14535228, "typical_volume": 13724567.05, "trend": 11.019622, "fair_value": 12.636143, "relative_strength": -11.082494, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.140175, "energy": 95.30737, "activity_lines": [ 9.441144, 9.954061, 10.526209, 10.725244 ] }, { "date": "2024-02-02", "close": 6.787556, "volume": 68247580, "typical_volume": 16604417.1, "trend": 10.840933, "fair_value": 12.626474, "relative_strength": -25.435045, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -98.607369, "energy": 98.935298, "activity_lines": [ 8.468756, 9.296655, 10.141557, 10.452208 ] }, { "date": "2024-02-09", "close": 7.35236, "volume": 49267691, "typical_volume": 17679907.85, "trend": 10.685694, "fair_value": 12.614977, "relative_strength": -25.691459, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.890497, "energy": 94.508425, "activity_lines": [ 7.928394, 8.83184, 9.829051, 10.227139 ] }, { "date": "2024-02-23", "close": 7.798258, "volume": 23699738, "typical_volume": 18102749.65, "trend": 10.544328, "fair_value": 12.601517, "relative_strength": -22.783761, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.307915, "energy": 87.975613, "activity_lines": [ 7.718987, 8.523225, 9.578074, 10.040852 ] }, { "date": "2024-03-01", "close": 7.60999, "volume": 37879526, "typical_volume": 19198435.25, "trend": 10.406595, "fair_value": 12.592012, "relative_strength": -26.927385, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.771468, "energy": 78.620844, "activity_lines": [ 7.582906, 8.240012, 9.325116, 9.85154 ] }, { "date": "2024-03-08", "close": 7.282998, "volume": 24350375, "typical_volume": 19635003.95, "trend": 10.259944, "fair_value": 12.582715, "relative_strength": -28.902152, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.599025, "energy": 67.282534, "activity_lines": [ 7.449467, 7.954818, 9.059134, 9.650018 ] }, { "date": "2024-03-15", "close": 7.956799, "volume": 37445372, "typical_volume": 20793706.45, "trend": 10.151938, "fair_value": 12.579808, "relative_strength": -23.686766, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.722365, "energy": 59.359064, "activity_lines": [ 7.646322, 7.849604, 8.878605, 9.501428 ] }, { "date": "2024-03-22", "close": 7.69917, "volume": 26510269, "typical_volume": 21020417.55, "trend": 10.033362, "fair_value": 12.572551, "relative_strength": -25.217366, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.239266, "energy": 54.771091, "activity_lines": [ 7.679352, 7.742768, 8.686845, 9.343185 ] }, { "date": "2024-03-29", "close": 7.372178, "volume": 18260056, "typical_volume": 21097527.5, "trend": 9.91875, "fair_value": 12.555286, "relative_strength": -26.568566, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.038524, "energy": 54.235098, "activity_lines": [ 7.580264, 7.619899, 8.480316, 9.171495 ] }, { "date": "2024-04-05", "close": 7.570354, "volume": 10649799, "typical_volume": 20942599.6, "trend": 9.823625, "fair_value": 12.536384, "relative_strength": -25.305068, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.220441, "energy": 48.113271, "activity_lines": [ 7.575639, 7.577921, 8.311158, 9.019986 ] }, { "date": "2024-04-12", "close": 9.23504, "volume": 81089194, "typical_volume": 24342079.35, "trend": 9.77309, "fair_value": 12.530432, "relative_strength": -5.58934, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.304039, "energy": 26.455161, "activity_lines": [ 8.128553, 7.869782, 8.31885, 8.982013 ] }, { "date": "2024-04-19", "close": 9.076499, "volume": 57626482, "typical_volume": 26603645.45, "trend": 9.720903, "fair_value": 12.520425, "relative_strength": -7.49857, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.516335, "energy": 19.602587, "activity_lines": [ 8.498483, 8.126151, 8.322813, 8.937071 ] }, { "date": "2024-04-26", "close": 10.216016, "volume": 63662794, "typical_volume": 29292348.5, "trend": 9.68292, "fair_value": 12.514474, "relative_strength": 2.247481, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 12.090132, "energy": 24.192147, "activity_lines": [ 9.173605, 8.548087, 8.447948, 8.969014 ] }, { "date": "2024-05-03", "close": 10.642096, "volume": 17091902, "typical_volume": 29665991.65, "trend": 9.666075, "fair_value": 12.510023, "relative_strength": 5.305047, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 37.484392, "energy": 43.357689, "activity_lines": [ 9.822965, 8.995426, 8.619701, 9.030897 ] }, { "date": "2024-05-10", "close": 10.701549, "volume": 41686647, "typical_volume": 31072033.3, "trend": 9.642293, "fair_value": 12.503936, "relative_strength": 4.471688, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 37.787431, "energy": 62.999104, "activity_lines": [ 10.274148, 9.401869, 8.799193, 9.097701 ] }, { "date": "2024-05-17", "close": 10.156563, "volume": 26065108, "typical_volume": 31700513.35, "trend": 9.589116, "fair_value": 12.496399, "relative_strength": -0.407796, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.735405, "energy": 65.369793, "activity_lines": [ 10.334922, 9.653013, 8.927111, 9.13088 ] }, { "date": "2024-05-24", "close": 10.245742, "volume": 19995903, "typical_volume": 32271059.75, "trend": 9.572271, "fair_value": 12.486159, "relative_strength": 3.568486, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.590743, "energy": 61.465651, "activity_lines": [ 10.363988, 9.868125, 9.064891, 9.173243 ] }, { "date": "2024-05-31", "close": 9.948477, "volume": 17999706, "typical_volume": 32880461.15, "trend": 9.532636, "fair_value": 12.475559, "relative_strength": 1.383416, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.96948, "energy": 38.916932, "activity_lines": [ 10.216016, 9.987572, 9.175304, 9.197514 ] }, { "date": "2024-06-07", "close": 9.730482, "volume": 19379670, "typical_volume": 33324600.45, "trend": 9.48177, "fair_value": 12.468513, "relative_strength": 0.625862, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.210235, "energy": 22.993721, "activity_lines": [ 10.013215, 10.026487, 9.265616, 9.210279 ] }, { "date": "2024-06-14", "close": 10.503371, "volume": 25459971, "typical_volume": 34045150.55, "trend": 9.451383, "fair_value": 12.461313, "relative_strength": 8.729105, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.087524, "energy": 26.302225, "activity_lines": [ 10.128817, 10.163048, 9.430056, 9.276188 ] }, { "date": "2024-06-21", "close": 11.050982, "volume": 22747055, "typical_volume": 34455741.9, "trend": 9.432313, "fair_value": 12.463451, "relative_strength": 16.644655, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 43.238679, "energy": 35.692167, "activity_lines": [ 10.440169, 10.345848, 9.640845, 9.379388 ] }, { "date": "2024-06-28", "close": 10.115976, "volume": 25666577, "typical_volume": 32326691.75, "trend": 9.378444, "fair_value": 12.4601, "relative_strength": 9.243652, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 54.062989, "energy": 37.247156, "activity_lines": [ 10.380224, 10.325629, 9.752193, 9.423496 ] }, { "date": "2024-07-05", "close": 9.728047, "volume": 22535836, "typical_volume": 30990099.0, "trend": 9.3199, "fair_value": 12.446568, "relative_strength": 6.824504, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.330143, "energy": 29.643065, "activity_lines": [ 10.199621, 10.215979, 9.810745, 9.446051 ] }, { "date": "2024-07-12", "close": 9.34012, "volume": 18423687, "typical_volume": 30726296.45, "trend": 9.261968, "fair_value": 12.436141, "relative_strength": 0.814938, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 32.582617, "energy": 18.871147, "activity_lines": [ 9.904403, 10.044668, 9.821039, 9.447355 ] }, { "date": "2024-07-19", "close": 8.723413, "volume": 26935611, "typical_volume": 30179100.7, "trend": 9.193718, "fair_value": 12.421425, "relative_strength": -6.149039, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 5.867327, "energy": 16.527938, "activity_lines": [ 9.429641, 9.784901, 9.765258, 9.41261 ] }, { "date": "2024-07-26", "close": 8.295697, "volume": 15495470, "typical_volume": 29736355.45, "trend": 9.122111, "fair_value": 12.406195, "relative_strength": -7.365828, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -32.665678, "energy": 36.089815, "activity_lines": [ 8.930971, 9.483334, 9.663439, 9.354673 ] }, { "date": "2024-08-02", "close": 8.763201, "volume": 17199180, "typical_volume": 28724045.85, "trend": 9.066087, "fair_value": 12.397115, "relative_strength": -1.53427, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.144048, "energy": 42.230562, "activity_lines": [ 8.771821, 9.300601, 9.601322, 9.331517 ] }, { "date": "2024-08-09", "close": 8.444901, "volume": 14620298, "typical_volume": 28129547.3, "trend": 9.011344, "fair_value": 12.386962, "relative_strength": -3.220813, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.660524, "energy": 53.129474, "activity_lines": [ 8.596756, 9.086951, 9.505051, 9.291441 ] }, { "date": "2024-08-16", "close": 8.464794, "volume": 10412404, "typical_volume": 27737164.7, "trend": 8.965521, "fair_value": 12.377862, "relative_strength": -2.515039, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.336881, "energy": 54.889971, "activity_lines": [ 8.513866, 8.904256, 9.407123, 9.25618 ] }, { "date": "2024-08-23", "close": 7.93761, "volume": 9774238, "typical_volume": 27693386.65, "trend": 8.920622, "fair_value": 12.361598, "relative_strength": -6.586805, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.83566, "energy": 50.992864, "activity_lines": [ 8.313602, 8.648721, 9.253784, 9.189863 ] }, { "date": "2024-08-30", "close": 7.708831, "volume": 23463097, "typical_volume": 24812081.8, "trend": 8.881969, "fair_value": 12.347232, "relative_strength": -10.907215, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.158374, "energy": 56.189962, "activity_lines": [ 8.089465, 8.398241, 9.076908, 9.111683 ] }, { "date": "2024-09-06", "close": 7.121965, "volume": 23929379, "typical_volume": 23127226.65, "trend": 8.893116, "fair_value": 12.336629, "relative_strength": -15.245116, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -54.656427, "energy": 67.733844, "activity_lines": [ 7.708831, 8.101823, 8.851408, 8.998134 ] }, { "date": "2024-09-13", "close": 6.942922, "volume": 21771878, "typical_volume": 21032680.85, "trend": 8.879468, "fair_value": 12.327233, "relative_strength": -15.604365, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -80.761596, "energy": 86.307164, "activity_lines": [ 7.377932, 7.82729, 8.618163, 8.872315 ] }, { "date": "2024-09-20", "close": 6.823559, "volume": 10044184, "typical_volume": 20680294.95, "trend": 8.846978, "fair_value": 12.319343, "relative_strength": -17.704228, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.830059, "energy": 89.627191, "activity_lines": [ 7.107377, 7.581692, 8.389137, 8.739676 ] }, { "date": "2024-09-27", "close": 8.106706, "volume": 45994499, "typical_volume": 20895687.55, "trend": 8.863535, "fair_value": 12.306601, "relative_strength": -16.60523, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.620085, "energy": 76.225672, "activity_lines": [ 7.373953, 7.61515, 8.300498, 8.691916 ] }, { "date": "2024-10-04", "close": 9.180969, "volume": 21441771, "typical_volume": 20664520.7, "trend": 8.926801, "fair_value": 12.297551, "relative_strength": -14.297036, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.480014, "energy": 28.967192, "activity_lines": [ 7.987344, 7.855141, 8.326527, 8.712396 ] }, { "date": "2024-10-11", "close": 8.295697, "volume": 62123543, "typical_volume": 22770902.7, "trend": 8.938098, "fair_value": 12.284339, "relative_strength": -18.481484, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.678221, "energy": 23.279147, "activity_lines": [ 8.207501, 7.918077, 8.27289, 8.671679 ] }, { "date": "2024-10-18", "close": 8.38522, "volume": 32272081, "typical_volume": 23484521.45, "trend": 8.960966, "fair_value": 12.273762, "relative_strength": -19.416063, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.632493, "energy": 27.98893, "activity_lines": [ 8.379251, 8.005791, 8.237064, 8.63601 ] }, { "date": "2024-10-25", "close": 8.802988, "volume": 55659261, "typical_volume": 25298501.0, "trend": 9.00866, "fair_value": 12.264433, "relative_strength": -17.021977, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -15.392311, "energy": 23.488223, "activity_lines": [ 8.594104, 8.170547, 8.248471, 8.625818 ] }, { "date": "2024-11-01", "close": 8.305644, "volume": 52975530, "typical_volume": 26674278.95, "trend": 9.033169, "fair_value": 12.253345, "relative_strength": -19.946928, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.013519, "energy": 14.272296, "activity_lines": [ 8.511213, 8.238729, 8.216927, 8.580462 ] }, { "date": "2024-11-08", "close": 8.703519, "volume": 48448962, "typical_volume": 27959374.3, "trend": 9.015452, "fair_value": 12.236315, "relative_strength": -20.863589, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.87791, "energy": 11.039401, "activity_lines": [ 8.547685, 8.372559, 8.233742, 8.559194 ] }, { "date": "2024-11-15", "close": 8.375273, "volume": 67406774, "typical_volume": 30046384.15, "trend": 8.992078, "fair_value": 12.2221, "relative_strength": -20.357125, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.705286, "energy": 10.564253, "activity_lines": [ 8.506571, 8.428624, 8.230474, 8.517892 ] }, { "date": "2024-11-22", "close": 8.275804, "volume": 39621501, "typical_volume": 30900667.4, "trend": 8.927404, "fair_value": 12.20977, "relative_strength": -18.367324, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.86924, "energy": 11.038167, "activity_lines": [ 8.426996, 8.443815, 8.226022, 8.471681 ] }, { "date": "2024-11-29", "close": 8.703519, "volume": 32386952, "typical_volume": 31598830.65, "trend": 8.862785, "fair_value": 12.200392, "relative_strength": -14.920975, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.131763, "energy": 9.01154, "activity_lines": [ 8.497287, 8.512539, 8.26922, 8.457237 ] }, { "date": "2024-12-06", "close": 8.773147, "volume": 33914088, "typical_volume": 31947754.5, "trend": 8.798505, "fair_value": 12.190283, "relative_strength": -15.043337, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.185911, "energy": 6.228888, "activity_lines": [ 8.597419, 8.559742, 8.32208, 8.451454 ] }, { "date": "2024-12-13", "close": 8.683625, "volume": 37315664, "typical_volume": 33038764.2, "trend": 8.749407, "fair_value": 12.176068, "relative_strength": -14.697662, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.715815, "energy": 7.813332, "activity_lines": [ 8.636543, 8.57855, 8.366178, 8.444042 ] }, { "date": "2024-12-20", "close": 8.405112, "volume": 31012350, "typical_volume": 33729422.7, "trend": 8.688052, "fair_value": 12.158891, "relative_strength": -16.311631, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.044975, "energy": 8.430131, "activity_lines": [ 8.584156, 8.555763, 8.381903, 8.42183 ] }, { "date": "2024-12-27", "close": 8.106706, "volume": 21522874, "typical_volume": 34074551.5, "trend": 8.62666, "fair_value": 12.131813, "relative_strength": -18.767774, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.727433, "energy": 12.604466, "activity_lines": [ 8.430311, 8.47673, 8.370914, 8.384324 ] }, { "date": "2025-01-03", "close": 7.698884, "volume": 19186623, "typical_volume": 34513262.45, "trend": 8.55894, "fair_value": 12.105862, "relative_strength": -16.36057, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.869177, "energy": 25.546293, "activity_lines": [ 8.151798, 8.328612, 8.322696, 8.324467 ] }, { "date": "2025-01-10", "close": 7.529788, "volume": 26559682, "typical_volume": 35352534.65, "trend": 8.459821, "fair_value": 12.077271, "relative_strength": -16.771323, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.196627, "energy": 53.463719, "activity_lines": [ 7.883896, 8.169824, 8.26202, 8.25807 ] }, { "date": "2025-01-17", "close": 7.639203, "volume": 15730154, "typical_volume": 34965887.5, "trend": 8.346095, "fair_value": 12.037694, "relative_strength": -18.01441, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.534039, "energy": 61.387672, "activity_lines": [ 7.735356, 8.045036, 8.213706, 8.205127 ] }, { "date": "2025-01-24", "close": 7.758566, "volume": 24336993, "typical_volume": 34986268.2, "trend": 8.267514, "fair_value": 11.987782, "relative_strength": -17.271058, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.449665, "energy": 62.062007, "activity_lines": [ 7.696232, 7.961301, 8.177092, 8.167222 ] }, { "date": "2025-01-31", "close": 7.828194, "volume": 4667952, "typical_volume": 34131071.9, "trend": 8.204186, "fair_value": 11.927132, "relative_strength": -14.972366, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.522803, "energy": 57.660356, "activity_lines": [ 7.72342, 7.901439, 8.144078, 8.138879 ] }, { "date": "2025-02-07", "close": 7.987344, "volume": 11696403, "typical_volume": 34213682.85, "trend": 8.159093, "fair_value": 11.878896, "relative_strength": -16.533816, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.521258, "energy": 34.018594, "activity_lines": [ 7.822226, 7.878652, 8.122006, 8.124889 ] }, { "date": "2025-02-14", "close": 7.93761, "volume": 19934462, "typical_volume": 32910681.0, "trend": 8.1329, "fair_value": 11.831056, "relative_strength": -18.22668, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.293719, "energy": 23.87931, "activity_lines": [ 7.885223, 7.859843, 8.089655, 8.1106 ] }, { "date": "2025-02-21", "close": 7.877928, "volume": 24131776, "typical_volume": 33045181.25, "trend": 8.118974, "fair_value": 11.790024, "relative_strength": -20.385117, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.398727, "energy": 20.742431, "activity_lines": [ 7.901138, 7.845375, 8.052425, 8.09415 ] }, { "date": "2025-02-28", "close": 7.559628, "volume": 27353175, "typical_volume": 31306662.85, "trend": 8.078855, "fair_value": 11.749179, "relative_strength": -20.705527, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.053008, "energy": 30.814759, "activity_lines": [ 7.795038, 7.787683, 7.991086, 8.058063 ] }, { "date": "2025-03-07", "close": 7.609363, "volume": 21491572, "typical_volume": 30767637.4, "trend": 8.051004, "fair_value": 11.716979, "relative_strength": -21.768488, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.629895, "energy": 47.388351, "activity_lines": [ 7.718778, 7.754406, 7.937988, 8.027773 ] }, { "date": "2025-03-14", "close": 7.838141, "volume": 27261151, "typical_volume": 29347731.9, "trend": 8.030116, "fair_value": 11.681325, "relative_strength": -20.209591, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.736967, "energy": 44.120711, "activity_lines": [ 7.733367, 7.771768, 7.910374, 8.01404 ] }, { "date": "2025-03-21", "close": 7.818247, "volume": 23665311, "typical_volume": 27882220.95, "trend": 8.026137, "fair_value": 11.63764, "relative_strength": -18.117864, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.048306, "energy": 40.788729, "activity_lines": [ 7.751271, 7.782981, 7.88546, 8.000371 ] }, { "date": "2025-03-28", "close": 7.818247, "volume": 29932096, "typical_volume": 26956377.65, "trend": 8.029784, "fair_value": 11.593744, "relative_strength": -17.414811, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.398342, "energy": 27.84452, "activity_lines": [ 7.777133, 7.788949, 7.862866, 7.986959 ] }, { "date": "2025-04-04", "close": 7.957503, "volume": 48342931, "typical_volume": 26003185.5, "trend": 8.057635, "fair_value": 11.551203, "relative_strength": -13.937462, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.429622, "energy": 17.862484, "activity_lines": [ 7.853393, 7.816981, 7.85775, 7.982296 ] }, { "date": "2025-04-11", "close": 6.982709, "volume": 59317500, "typical_volume": 26987985.45, "trend": 8.058961, "fair_value": 11.4758, "relative_strength": -19.898239, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.050848, "energy": 43.610839, "activity_lines": [ 7.578196, 7.664161, 7.761787, 7.912946 ] }, { "date": "2025-04-18", "close": 7.052338, "volume": 27191480, "typical_volume": 26728211.85, "trend": 8.066587, "fair_value": 11.398908, "relative_strength": -18.206564, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.910915, "energy": 64.885102, "activity_lines": [ 7.367985, 7.539373, 7.678612, 7.848002 ] }, { "date": "2025-04-25", "close": 7.022497, "volume": 37998865, "typical_volume": 26932450.7, "trend": 8.030447, "fair_value": 11.340788, "relative_strength": -19.00859, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.327506, "energy": 73.840724, "activity_lines": [ 7.200214, 7.426159, 7.600458, 7.780641 ] }, { "date": "2025-05-02", "close": 7.052338, "volume": 19887669, "typical_volume": 26061050.95, "trend": 7.959493, "fair_value": 11.288366, "relative_strength": -17.803839, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.708375, "energy": 76.158596, "activity_lines": [ 7.095441, 7.33501, 7.533482, 7.717538 ] }, { "date": "2025-05-09", "close": 7.191594, "volume": 19296008, "typical_volume": 25475233.85, "trend": 7.922689, "fair_value": 11.241631, "relative_strength": -17.345267, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.823446, "energy": 68.214656, "activity_lines": [ 7.088147, 7.28419, 7.487537, 7.667996 ] }, { "date": "2025-05-16", "close": 7.291062, "volume": 24929690, "typical_volume": 25645574.65, "trend": 7.886217, "fair_value": 11.202765, "relative_strength": -16.016484, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.680467, "energy": 44.061599, "activity_lines": [ 7.165069, 7.258147, 7.456844, 7.627246 ] }, { "date": "2025-05-23", "close": 7.410425, "volume": 31398258, "typical_volume": 26256156.4, "trend": 7.839799, "fair_value": 11.166598, "relative_strength": -13.550512, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.423491, "energy": 29.232267, "activity_lines": [ 7.261222, 7.259594, 7.441403, 7.596549 ] }, { "date": "2025-05-30", "close": 7.499947, "volume": 31573865, "typical_volume": 26506865.55, "trend": 7.812942, "fair_value": 11.115448, "relative_strength": -11.068759, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.542689, "energy": 18.846373, "activity_lines": [ 7.363343, 7.285094, 7.435861, 7.574623 ] }, { "date": "2025-06-06", "close": 7.997291, "volume": 56038319, "typical_volume": 28522273.8, "trend": 7.789401, "fair_value": 11.013122, "relative_strength": -5.930808, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -7.186931, "energy": 13.880118, "activity_lines": [ 7.599416, 7.406808, 7.477827, 7.586517 ] }, { "date": "2025-06-13", "close": 7.818247, "volume": 39008283, "typical_volume": 29255838.3, "trend": 7.770834, "fair_value": 10.935254, "relative_strength": -6.697432, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.11001, "energy": 18.92591, "activity_lines": [ 7.71281, 7.492713, 7.501036, 7.588378 ] }, { "date": "2025-06-20", "close": 7.430318, "volume": 29868531, "typical_volume": 30515867.25, "trend": 7.742651, "fair_value": 10.867807, "relative_strength": -9.285273, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.077218, "energy": 16.195962, "activity_lines": [ 7.655118, 7.510617, 7.487016, 7.566409 ] }, { "date": "2025-06-27", "close": 7.56, "volume": 22164057, "typical_volume": 31039249.95, "trend": 7.704533, "fair_value": 10.809012, "relative_strength": -10.148317, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.809036, "energy": 13.719082, "activity_lines": [ 7.631369, 7.543962, 7.487241, 7.554625 ] }, { "date": "2025-07-04", "close": 8.0, "volume": 32274783, "typical_volume": 31656266.0, "trend": 7.678762, "fair_value": 10.752364, "relative_strength": -5.293896, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.129146, "energy": 17.181671, "activity_lines": [ 7.744316, 7.648076, 7.531405, 7.573688 ] }, { "date": "2025-07-11", "close": 8.0, "volume": 24041727, "typical_volume": 31651763.55, "trend": 7.655974, "fair_value": 10.693236, "relative_strength": -6.264285, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.435233, "energy": 27.100405, "activity_lines": [ 7.823926, 7.734417, 7.575273, 7.594413 ] }, { "date": "2025-07-18", "close": 8.23, "volume": 28999420, "typical_volume": 31734075.8, "trend": 7.650137, "fair_value": 10.645505, "relative_strength": -4.976328, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 42.48276, "energy": 51.867566, "activity_lines": [ 7.980021, 7.845347, 7.640464, 7.631447 ] }, { "date": "2025-07-25", "close": 8.27, "volume": 33622201, "typical_volume": 32340607.25, "trend": 7.65558, "fair_value": 10.599249, "relative_strength": -6.178436, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 68.451767, "energy": 70.785807, "activity_lines": [ 8.122, 7.944669, 7.706272, 7.671438 ] }, { "date": "2025-08-01", "close": 8.59, "volume": 72046433, "typical_volume": 34579871.35, "trend": 7.685284, "fair_value": 10.55499, "relative_strength": -0.390641, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.412627, "energy": 78.153958, "activity_lines": [ 8.314667, 8.084373, 7.799411, 7.731723 ] }, { "date": "2025-08-08", "close": 8.42, "volume": 62997357, "typical_volume": 36546473.65, "trend": 7.714958, "fair_value": 10.513883, "relative_strength": -2.973657, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.266946, "energy": 73.06085, "activity_lines": [ 8.382, 8.171723, 7.872779, 7.779124 ] }, { "date": "2025-08-15", "close": 8.44, "volume": 38560163, "typical_volume": 36977877.0, "trend": 7.741651, "fair_value": 10.475752, "relative_strength": -6.306705, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.199199, "energy": 68.204388, "activity_lines": [ 8.428, 8.24598, 7.945186, 7.825901 ] }, { "date": "2025-08-22", "close": 8.45, "volume": 42346693, "typical_volume": 36678065.1, "trend": 7.764699, "fair_value": 10.441104, "relative_strength": -9.674606, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.912531, "energy": 56.551197, "activity_lines": [ 8.448, 8.314006, 8.015584, 7.871601 ] }, { "date": "2025-08-29", "close": 8.79, "volume": 72931202, "typical_volume": 37358750.2, "trend": 7.796759, "fair_value": 10.410471, "relative_strength": -9.43995, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.060359, "energy": 49.799107, "activity_lines": [ 8.566667, 8.432364, 8.116019, 7.937749 ] }, { "date": "2025-09-05", "close": 9.28, "volume": 110725357, "typical_volume": 41535444.05, "trend": 7.839848, "fair_value": 10.381334, "relative_strength": -3.251889, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.09148, "energy": 64.867048, "activity_lines": [ 8.814, 8.615091, 8.254514, 8.033442 ] }, { "date": "2025-09-12", "close": 9.11, "volume": 53772209, "typical_volume": 42324111.25, "trend": 7.878927, "fair_value": 10.35136, "relative_strength": -7.089089, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.140939, "energy": 66.92856, "activity_lines": [ 8.958667, 8.735636, 8.36621, 8.115387 ] }, { "date": "2025-09-19", "close": 8.83, "volume": 38345997, "typical_volume": 43247027.65, "trend": 7.910663, "fair_value": 10.324212, "relative_strength": -10.571549, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.871725, "energy": 61.79217, "activity_lines": [ 8.964, 8.785091, 8.4413, 8.176747 ] }, { "date": "2025-09-26", "close": 8.48, "volume": 29854908, "typical_volume": 43774972.65, "trend": 7.941342, "fair_value": 10.293997, "relative_strength": -14.557628, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.273221, "energy": 45.138887, "activity_lines": [ 8.826667, 8.755818, 8.474591, 8.213478 ] }, { "date": "2025-10-03", "close": 8.46, "volume": 11264886, "typical_volume": 43091732.45, "trend": 7.969697, "fair_value": 10.265111, "relative_strength": -16.231587, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.102053, "energy": 28.869523, "activity_lines": [ 8.680667, 8.718364, 8.499842, 8.24694 ] }, { "date": "2025-10-10", "close": 8.66, "volume": 16399517, "typical_volume": 42341795.4, "trend": 7.997092, "fair_value": 10.24352, "relative_strength": -12.756966, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.18833, "energy": 20.022359, "activity_lines": [ 8.623333, 8.713818, 8.538574, 8.291476 ] }, { "date": "2025-10-17", "close": 8.35, "volume": 35816643, "typical_volume": 42553934.3, "trend": 8.014817, "fair_value": 10.222917, "relative_strength": -11.113168, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.749296, "energy": 21.008741, "activity_lines": [ 8.504, 8.651636, 8.541832, 8.314244 ] }, { "date": "2025-10-24", "close": 8.8, "volume": 42365225, "typical_volume": 41870279.6, "trend": 8.047542, "fair_value": 10.201147, "relative_strength": -10.16496, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.910991, "energy": 18.818434, "activity_lines": [ 8.585333, 8.672545, 8.583899, 8.364901 ] }, { "date": "2025-10-31", "close": 8.34, "volume": 76643167, "typical_volume": 43752023.8, "trend": 8.060292, "fair_value": 10.170226, "relative_strength": -15.048533, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.181489, "energy": 13.670702, "activity_lines": [ 8.515333, 8.603273, 8.578335, 8.383769 ] }, { "date": "2025-11-07", "close": 8.21, "volume": 46874079, "typical_volume": 44602301.2, "trend": 8.101202, "fair_value": 10.121948, "relative_strength": -16.16652, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.633053, "energy": 8.79439, "activity_lines": [ 8.411333, 8.512364, 8.557905, 8.393428 ] }, { "date": "2025-11-14", "close": 8.66, "volume": 38686975, "typical_volume": 45428447.1, "trend": 8.154791, "fair_value": 10.081556, "relative_strength": -10.019945, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.09861, "energy": 9.874344, "activity_lines": [ 8.474, 8.513818, 8.576619, 8.429479 ] }, { "date": "2025-11-21", "close": 7.92, "volume": 33457764, "typical_volume": 45487596.15, "trend": 8.184707, "fair_value": 10.034142, "relative_strength": -12.888467, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.330047, "energy": 12.12624, "activity_lines": [ 8.29, 8.392, 8.519619, 8.414332 ] }, { "date": "2025-11-28", "close": 8.19, "volume": 23485496, "typical_volume": 45459784.6, "trend": 8.222629, "fair_value": 9.986812, "relative_strength": -12.573939, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 4.215761, "energy": 19.541891, "activity_lines": [ 8.224667, 8.340909, 8.488714, 8.414673 ] }, { "date": "2025-12-05", "close": 8.04, "volume": 22221779, "typical_volume": 45120902.55, "trend": 8.25091, "fair_value": 9.933583, "relative_strength": -14.785494, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -22.053893, "energy": 33.411423, "activity_lines": [ 8.15, 8.274182, 8.442619, 8.40289 ] }, { "date": "2025-12-12", "close": 7.81, "volume": 22531378, "typical_volume": 44566361.4, "trend": 8.268208, "fair_value": 9.883628, "relative_strength": -17.423903, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.709387, "energy": 48.357274, "activity_lines": [ 8.018667, 8.173636, 8.375524, 8.374445 ] }, { "date": "2025-12-19", "close": 7.81, "volume": 20658686, "typical_volume": 41996974.05, "trend": 8.281527, "fair_value": 9.834939, "relative_strength": -16.241068, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.088883, "energy": 52.694728, "activity_lines": [ 7.914, 8.084909, 8.310619, 8.344883 ] }, { "date": "2025-12-26", "close": 7.55, "volume": 27683055, "typical_volume": 40231258.95, "trend": 8.283195, "fair_value": 9.781861, "relative_strength": -21.351294, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.171676, "energy": 63.497379, "activity_lines": [ 7.779333, 7.964364, 8.224667, 8.297688 ] }, { "date": "2026-01-02", "close": 7.51, "volume": 12658011, "typical_volume": 38936151.35, "trend": 8.266952, "fair_value": 9.731122, "relative_strength": -20.831453, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -73.844622, "energy": 76.541128, "activity_lines": [ 7.656, 7.851091, 8.139048, 8.247804 ] }, { "date": "2026-01-09", "close": 7.73, "volume": 29283907, "typical_volume": 38283012.05, "trend": 8.264011, "fair_value": 9.690022, "relative_strength": -21.470457, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.29782, "energy": 69.211328, "activity_lines": [ 7.651333, 7.801273, 8.07881, 8.213162 ] }, { "date": "2026-01-16", "close": 7.75, "volume": 38327488, "typical_volume": 36552826.35, "trend": 8.274667, "fair_value": 9.645949, "relative_strength": -21.702822, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.979337, "energy": 60.673362, "activity_lines": [ 7.674, 7.766182, 8.023905, 8.18 ] }, { "date": "2026-01-23", "close": 8.15, "volume": 37607535, "typical_volume": 32896935.25, "trend": 8.294333, "fair_value": 9.607353, "relative_strength": -18.135793, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.071429, "energy": 32.365317, "activity_lines": [ 7.834, 7.812182, 8.012048, 8.171957 ] }, { "date": "2026-01-30", "close": 8.17, "volume": 60909810, "typical_volume": 33253815.3, "trend": 8.3, "fair_value": 9.56363, "relative_strength": -16.126671, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.841326, "energy": 21.404305, "activity_lines": [ 7.978, 7.871091, 8.007476, 8.163935 ] }, { "date": "2026-02-06", "close": 8.24, "volume": 32317012, "typical_volume": 32952366.05, "trend": 8.308, "fair_value": 9.51871, "relative_strength": -13.19218, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.341859, "energy": 21.018507, "activity_lines": [ 8.104, 7.938182, 8.014048, 8.160065 ] }, { "date": "2026-02-13", "close": 8.45, "volume": 63900560, "typical_volume": 34654648.65, "trend": 8.315333, "fair_value": 9.475326, "relative_strength": -11.855702, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -2.211199, "energy": 20.297124, "activity_lines": [ 8.251333, 8.042545, 8.043429, 8.169226 ] }, { "date": "2026-02-27", "close": 8.38, "volume": 23420014, "typical_volume": 35262405.05, "trend": 8.319, "fair_value": 9.430353, "relative_strength": -14.632679, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 22.112945, "energy": 30.512211, "activity_lines": [ 8.327333, 8.126727, 8.066286, 8.173398 ] }, { "date": "2026-03-06", "close": 8.19, "volume": 33829788, "typical_volume": 36133918.6, "trend": 8.305667, "fair_value": 9.38429, "relative_strength": -14.342692, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -0.986217, "energy": 18.908715, "activity_lines": [ 8.298, 8.166, 8.071429, 8.165075 ] }, { "date": "2026-03-13", "close": 8.12, "volume": 25138232, "typical_volume": 35599998.05, "trend": 8.295667, "fair_value": 9.336448, "relative_strength": -15.396887, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.361545, "energy": 14.434315, "activity_lines": [ 8.242667, 8.185636, 8.072143, 8.153097 ] }, { "date": "2026-03-20", "close": 7.83, "volume": 27405428, "typical_volume": 34852008.2, "trend": 8.275333, "fair_value": 9.289407, "relative_strength": -15.618806, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.215147, "energy": 17.497719, "activity_lines": [ 8.094, 8.142182, 8.046333, 8.123054 ] }, { "date": "2026-03-27", "close": 7.92, "volume": 41547427, "typical_volume": 33097221.2, "trend": 8.257667, "fair_value": 9.249272, "relative_strength": -13.605269, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.540248, "energy": 23.485263, "activity_lines": [ 8.002667, 8.109273, 8.033714, 8.100129 ] }, { "date": "2026-04-03", "close": 7.972962, "volume": 49438020, "typical_volume": 33225418.25, "trend": 8.230432, "fair_value": 9.212262, "relative_strength": -10.009951, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.220054, "energy": 23.897911, "activity_lines": [ 7.964321, 8.082539, 8.028139, 8.081761 ] }, { "date": "2026-04-10", "close": 8.092258, "volume": 33367649, "typical_volume": 32959451.95, "trend": 8.190841, "fair_value": 9.181335, "relative_strength": -14.266873, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.994771, "energy": 20.831404, "activity_lines": [ 7.992876, 8.073441, 8.035054, 8.072847 ] }, { "date": "2026-04-17", "close": 8.002786, "volume": 37936856, "typical_volume": 33183406.55, "trend": 8.153934, "fair_value": 9.15015, "relative_strength": -18.083585, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.477616, "energy": 16.702656, "activity_lines": [ 7.998123, 8.049125, 8.036152, 8.060714 ] }, { "date": "2026-04-24", "close": 7.754252, "volume": 26780265, "typical_volume": 33348145.0, "trend": 8.118075, "fair_value": 9.114587, "relative_strength": -20.448369, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.65839, "energy": 25.233499, "activity_lines": [ 7.92834, 7.982662, 8.013186, 8.034928 ] }, { "date": "2026-05-01", "close": 7.774135, "volume": 31612201, "typical_volume": 33817666.1, "trend": 8.094546, "fair_value": 9.076177, "relative_strength": -20.67481, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.228477, "energy": 26.784362, "activity_lines": [ 7.870235, 7.928645, 7.994188, 8.012738 ] }, { "date": "2026-05-08", "close": 7.794018, "volume": 23940080, "typical_volume": 33888101.2, "trend": 8.072347, "fair_value": 9.038463, "relative_strength": -22.315999, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.344874, "energy": 36.275487, "activity_lines": [ 7.828481, 7.890532, 7.978349, 7.993349 ] }, { "date": "2026-05-15", "close": 7.326774, "volume": 34605494, "typical_volume": 34585441.6, "trend": 8.027906, "fair_value": 8.999906, "relative_strength": -26.436476, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -69.117405, "energy": 59.000024, "activity_lines": [ 7.642909, 7.77812, 7.918088, 7.945248 ] }, { "date": "2026-05-22", "close": 7.197536, "volume": 31151269, "typical_volume": 34758852.3, "trend": 7.989491, "fair_value": 8.962484, "relative_strength": -27.344342, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.058501, "energy": 68.795478, "activity_lines": [ 7.46529, 7.657905, 7.847819, 7.891676 ] }, { "date": "2026-05-29", "close": 6.839648, "volume": 25380168, "typical_volume": 35394960.15, "trend": 7.924146, "fair_value": 8.927198, "relative_strength": -30.241555, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.465694, "energy": 78.896968, "activity_lines": [ 7.222058, 7.489392, 7.745144, 7.817492 ] }, { "date": "2026-06-05", "close": 6.62, "volume": 3699684, "typical_volume": 34115749.0, "trend": 7.866812, "fair_value": 8.887466, "relative_strength": -30.667079, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.553013, "energy": 87.198648, "activity_lines": [ 6.966584, 7.298948, 7.624742, 7.733354 ] }, { "date": "2026-06-12", "close": 6.8, "volume": 5329837, "typical_volume": 32465866.45, "trend": 7.819812, "fair_value": 8.846196, "relative_strength": -26.358389, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.45527, "energy": 82.977096, "activity_lines": [ 6.848053, 7.164869, 7.526769, 7.664527 ] }, { "date": "2026-06-19", "close": 6.56, "volume": 17889782, "typical_volume": 31479978.8, "trend": 7.749812, "fair_value": 8.805737, "relative_strength": -32.92826, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.519264, "energy": 86.175331, "activity_lines": [ 6.715789, 7.00848, 7.410462, 7.583249 ] }, { "date": "2026-06-26", "close": 6.3, "volume": 8265912, "typical_volume": 28847783.9, "trend": 7.695812, "fair_value": 8.765581, "relative_strength": -33.856355, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.258092, "energy": 91.195724, "activity_lines": [ 6.547977, 6.832677, 7.276965, 7.489713 ] }, { "date": "2026-07-03", "close": 6.89, "volume": 5470550, "typical_volume": 27505460.8, "trend": 7.652479, "fair_value": 8.731937, "relative_strength": -26.130483, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.826201, "energy": 68.523601, "activity_lines": [ 6.636667, 6.795107, 7.208564, 7.437725 ] }, { "date": "2026-07-10", "close": 6.67, "volume": 27434510, "typical_volume": 25682158.3, "trend": 7.606812, "fair_value": 8.698281, "relative_strength": -25.105375, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.305863, "energy": 55.740987, "activity_lines": [ 6.648667, 6.73325, 7.125638, 7.374339 ] }, { "date": "2026-07-17", "close": 6.81, "volume": 46405233, "typical_volume": 26831419.25, "trend": 7.573479, "fair_value": 8.664062, "relative_strength": -15.368605, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.831572, "energy": 46.172937, "activity_lines": [ 6.704, 6.716923, 7.064522, 7.322932 ] }, { "date": "2026-07-24", "close": 6.42, "volume": 30838962, "typical_volume": 26681877.95, "trend": 7.527146, "fair_value": 8.628232, "relative_strength": -19.851854, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.508454, "energy": 45.555773, "activity_lines": [ 6.628667, 6.647579, 6.973739, 7.248514 ] }, { "date": "2026-07-31", "close": 6.72, "volume": 26967219, "typical_volume": 26773327.3, "trend": 7.499479, "fair_value": 8.594134, "relative_strength": -14.20032, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.231396, "energy": 37.501229, "activity_lines": [ 6.662667, 6.649266, 6.919957, 7.19644 ] }, { "date": "2026-08-07", "close": 6.94, "volume": 30811967, "typical_volume": 26943654.25, "trend": 7.480479, "fair_value": 8.563352, "relative_strength": -15.084497, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.383445, "energy": 30.049411, "activity_lines": [ 6.742, 6.699636, 6.893793, 7.160345 ] } ], "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." } } }