{ "ticker": { "uuid": "51c225cf-7c1e-4c48-8b53-cf7daa4bdd04", "symbol": "603686", "name": "FULONGMA GROUP Co.,Ltd.", "exchange": "SHH", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "000001.SS", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -64.351, "architecture_energy": 64.492, "architecture_maturity": 100.0, "architecture_confidence": 94.156, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 12.08, "rotation_up": 27.96, "upward_expansion": 12.0, "deceleration": 60.9, "rotation_down": 53.06, "downward_expansion": 83.0 }, "activity_lines": [ 12.666667, 12.94668, 14.416885, 15.900514 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 13.26, "trend_reference": 18.369577, "distance_from_trend": -0.278154, "trend_direction": "Weakening", "fair_value": 13.736819, "distance_from_fair_value": -0.034711, "fair_value_direction": "Weakening", "relative_strength": -36.115072, "relative_strength_direction": "Weakening", "price_momentum": -0.434542, "excess_performance": -0.391338, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.278154, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.215101, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.034711, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.525049, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.361151, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.22648, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.434542, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.286042, "read": "Supply-led" } ], "volume": { "latest": 72319608, "relative_activity": 1.310444, "balance": 0.286042, "dry_up": 1.306056, "accumulation_observations": 2, "distribution_observations": 6 }, "risk": { "range_context": 0.095263, "annualized_volatility": 0.394432, "from_high_reference": -0.638199, "from_low_reference": 0.154047 }, "levels": { "trend_reference": 18.369577, "fair_value_reference": 13.736819, "structural_low": 11.49, "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": 0.005073, "positive_rate": 0.517241, "directional_follow_through": 0.482759, "median_excess_return": -0.008837, "regime_survival": 0.793103, "best_return": 0.304575, "worst_return": -0.184072, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": -0.032751, "positive_rate": 0.454545, "directional_follow_through": 0.545455, "median_excess_return": -0.027542, "regime_survival": 0.454545, "best_return": 0.341962, "worst_return": -0.223589, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.106491, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.135333, "regime_survival": 0.2, "best_return": 0.152601, "worst_return": -0.182991, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.082791, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.167035, "regime_survival": 0.333333, "best_return": 0.013132, "worst_return": -0.309455, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-12-29", "end": "2024-02-02", "tenure": "Developing", "return": -0.218964, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-02-09", "end": "2024-07-26", "tenure": "Established", "return": 0.13537, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-08-02", "end": "2024-08-23", "tenure": "New", "return": -0.189379, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-30", "end": "2024-09-13", "tenure": "New", "return": -0.066496, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-20", "end": "2024-10-04", "tenure": "New", "return": 0.213896, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-11", "end": "2024-11-01", "tenure": "New", "return": 0.02217, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-08", "end": "2025-04-18", "tenure": "Established", "return": 0.252735, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-25", "end": "2025-05-16", "tenure": "New", "return": 0.111297, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-23", "end": "2025-12-12", "tenure": "Extended", "return": 0.973356, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-19", "end": "2026-01-02", "tenure": "New", "return": 0.155253, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-09", "end": "2026-01-23", "tenure": "New", "return": -0.070032, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-30", "end": "2026-02-27", "tenure": "New", "return": -0.004264, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-06", "end": "2026-03-27", "tenure": "New", "return": -0.128217, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-03", "end": "2026-08-07", "tenure": "Established", "return": -0.258804, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 10.116055, "volume": 21076040, "typical_volume": 30003562.85, "trend": 9.444575, "fair_value": 12.519384, "relative_strength": 7.569779, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.766353, "energy": 54.667186, "activity_lines": [ 10.089871, 9.929916, 9.700836, 9.626646 ] }, { "date": "2023-08-04", "close": 10.001101, "volume": 19421460, "typical_volume": 29791855.85, "trend": 9.509035, "fair_value": 12.447724, "relative_strength": 5.938129, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.222665, "energy": 34.364176, "activity_lines": [ 10.056024, 9.969294, 9.744298, 9.662551 ] }, { "date": "2023-08-11", "close": 9.541279, "volume": 15838020, "typical_volume": 29267952.05, "trend": 9.553805, "fair_value": 12.367471, "relative_strength": 4.275395, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.320771, "energy": 17.135571, "activity_lines": [ 9.868263, 9.915232, 9.740857, 9.664631 ] }, { "date": "2023-08-18", "close": 9.77119, "volume": 17540583, "typical_volume": 29149546.95, "trend": 9.605303, "fair_value": 12.287266, "relative_strength": 8.606812, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.568149, "energy": 15.021785, "activity_lines": [ 9.812702, 9.902518, 9.758659, 9.678656 ] }, { "date": "2023-08-25", "close": 8.976084, "volume": 40882353, "typical_volume": 29938170.55, "trend": 9.623755, "fair_value": 12.183718, "relative_strength": 2.104416, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.344792, "energy": 17.968039, "activity_lines": [ 9.513818, 9.73531, 9.698276, 9.638061 ] }, { "date": "2023-09-01", "close": 9.138937, "volume": 31528528, "typical_volume": 30057575.55, "trend": 9.636106, "fair_value": 12.08606, "relative_strength": 1.736758, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.719067, "energy": 29.380851, "activity_lines": [ 9.333083, 9.60886, 9.654818, 9.606783 ] }, { "date": "2023-09-08", "close": 9.081458, "volume": 17988962, "typical_volume": 29537721.65, "trend": 9.592011, "fair_value": 11.983928, "relative_strength": 1.629652, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -33.881122, "energy": 44.988565, "activity_lines": [ 9.19833, 9.479273, 9.606748, 9.570999 ] }, { "date": "2023-09-15", "close": 9.253891, "volume": 18695172, "typical_volume": 29143469.3, "trend": 9.545563, "fair_value": 11.884555, "relative_strength": 3.452654, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.975229, "energy": 41.976818, "activity_lines": [ 9.182364, 9.397586, 9.573921, 9.549185 ] }, { "date": "2023-09-22", "close": 9.244311, "volume": 13691370, "typical_volume": 29099998.6, "trend": 9.512817, "fair_value": 11.797495, "relative_strength": 2.762481, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.809497, "energy": 34.841867, "activity_lines": [ 9.182363, 9.334534, 9.540317, 9.529749 ] }, { "date": "2023-09-29", "close": 9.29221, "volume": 11261649, "typical_volume": 28546293.6, "trend": 9.489457, "fair_value": 11.728646, "relative_strength": 3.813905, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -24.89453, "energy": 22.312268, "activity_lines": [ 9.233455, 9.295693, 9.512259, 9.515517 ] }, { "date": "2023-10-13", "close": 9.023981, "volume": 15316989, "typical_volume": 28066981.05, "trend": 9.473983, "fair_value": 11.661329, "relative_strength": 1.403237, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -33.485661, "energy": 25.669938, "activity_lines": [ 9.174061, 9.219753, 9.459411, 9.485486 ] }, { "date": "2023-10-20", "close": 8.889867, "volume": 16035061, "typical_volume": 26411654.5, "trend": 9.458713, "fair_value": 11.594406, "relative_strength": 3.202649, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -66.266649, "energy": 49.847719, "activity_lines": [ 9.077627, 9.139285, 9.395733, 9.447801 ] }, { "date": "2023-10-27", "close": 9.445483, "volume": 37058159, "typical_volume": 26848559.9, "trend": 9.460093, "fair_value": 11.527509, "relative_strength": 8.120322, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.932313, "energy": 29.006876, "activity_lines": [ 9.17917, 9.180041, 9.387687, 9.446947 ] }, { "date": "2023-11-03", "close": 9.560438, "volume": 43509940, "typical_volume": 27686769.75, "trend": 9.470291, "fair_value": 11.459753, "relative_strength": 8.696462, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.495612, "energy": 16.729506, "activity_lines": [ 9.30626, 9.243441, 9.390925, 9.453421 ] }, { "date": "2023-11-10", "close": 10.231011, "volume": 230309030, "typical_volume": 38250225.25, "trend": 9.502218, "fair_value": 11.399089, "relative_strength": 15.575194, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.732134, "energy": 20.424842, "activity_lines": [ 9.635798, 9.432594, 9.456432, 9.5025 ] }, { "date": "2023-11-17", "close": 10.317227, "volume": 94882770, "typical_volume": 42433637.75, "trend": 9.535461, "fair_value": 11.348216, "relative_strength": 15.546707, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 38.943898, "energy": 35.990366, "activity_lines": [ 9.931488, 9.614607, 9.527092, 9.555081 ] }, { "date": "2023-11-24", "close": 10.010679, "volume": 50110800, "typical_volume": 43222278.3, "trend": 9.574689, "fair_value": 11.295206, "relative_strength": 12.249329, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 28.034808, "energy": 42.245989, "activity_lines": [ 10.03878, 9.71946, 9.564863, 9.58574 ] }, { "date": "2023-12-01", "close": 10.116055, "volume": 32491015, "typical_volume": 40937624.6, "trend": 9.602472, "fair_value": 11.24635, "relative_strength": 13.401858, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 51.285541, "energy": 59.959559, "activity_lines": [ 10.106475, 9.826577, 9.612579, 9.620667 ] }, { "date": "2023-12-08", "close": 9.713713, "volume": 33216352, "typical_volume": 39422922.3, "trend": 9.611236, "fair_value": 11.20039, "relative_strength": 10.798272, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.019747, "energy": 47.876351, "activity_lines": [ 9.995352, 9.844866, 9.623208, 9.627844 ] }, { "date": "2023-12-15", "close": 9.857407, "volume": 25690900, "typical_volume": 39327257.65, "trend": 9.624789, "fair_value": 11.155464, "relative_strength": 13.024161, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.25903, "energy": 28.028189, "activity_lines": [ 9.921909, 9.880746, 9.649346, 9.643726 ] }, { "date": "2023-12-22", "close": 9.684973, "volume": 29063680, "typical_volume": 39726639.65, "trend": 9.633218, "fair_value": 11.115307, "relative_strength": 11.630661, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 35.990604, "energy": 17.312476, "activity_lines": [ 9.815895, 9.874998, 9.659428, 9.647609 ] }, { "date": "2023-12-29", "close": 9.799929, "volume": 44115907, "typical_volume": 40961362.0, "trend": 9.644543, "fair_value": 11.069842, "relative_strength": 10.189661, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.186973, "energy": 16.557867, "activity_lines": [ 9.790349, 9.878133, 9.68251, 9.658365 ] }, { "date": "2024-01-05", "close": 9.895725, "volume": 52944815, "typical_volume": 42816701.75, "trend": 9.657193, "fair_value": 11.039759, "relative_strength": 12.465802, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.53695, "energy": 15.212651, "activity_lines": [ 9.810786, 9.882139, 9.715674, 9.67457 ] }, { "date": "2024-01-12", "close": 10.163954, "volume": 89079914, "typical_volume": 46393668.3, "trend": 9.688486, "fair_value": 11.012765, "relative_strength": 16.722234, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 53.190867, "energy": 24.469248, "activity_lines": [ 9.935321, 9.926728, 9.772695, 9.707264 ] }, { "date": "2024-01-19", "close": 9.129356, "volume": 59268327, "typical_volume": 47312967.0, "trend": 9.673159, "fair_value": 10.981021, "relative_strength": 6.256566, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.864695, "energy": 7.896357, "activity_lines": [ 9.684973, 9.772235, 9.729313, 9.671191 ] }, { "date": "2024-01-26", "close": 8.956924, "volume": 43338350, "typical_volume": 47903458.1, "trend": 9.65368, "fair_value": 10.946745, "relative_strength": 1.134867, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.369146, "energy": 20.765953, "activity_lines": [ 9.425686, 9.606421, 9.668779, 9.624983 ] }, { "date": "2024-02-02", "close": 7.654099, "volume": 39852520, "typical_volume": 48996636.0, "trend": 9.575766, "fair_value": 10.902407, "relative_strength": -8.005497, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -79.52512, "energy": 69.722406, "activity_lines": [ 8.780659, 9.228462, 9.485034, 9.495977 ] }, { "date": "2024-02-09", "close": 7.87443, "volume": 44173464, "typical_volume": 50270550.6, "trend": 9.492424, "fair_value": 10.857486, "relative_strength": -9.874883, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.720952, "energy": 80.652566, "activity_lines": [ 8.352132, 8.933411, 9.329069, 9.386214 ] }, { "date": "2024-02-23", "close": 8.286351, "volume": 38210922, "typical_volume": 51496528.2, "trend": 9.432072, "fair_value": 10.816803, "relative_strength": -9.298877, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.108197, "energy": 77.822296, "activity_lines": [ 8.195665, 8.754011, 9.218903, 9.308403 ] }, { "date": "2024-03-01", "close": 8.430046, "volume": 47375190, "typical_volume": 53302205.25, "trend": 9.381939, "fair_value": 10.782856, "relative_strength": -8.100025, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.750799, "energy": 75.437187, "activity_lines": [ 8.21227, 8.626689, 9.126985, 9.243756 ] }, { "date": "2024-03-08", "close": 8.276773, "volume": 31478789, "typical_volume": 54110295.25, "trend": 9.320629, "fair_value": 10.74519, "relative_strength": -10.098148, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.164799, "energy": 61.859047, "activity_lines": [ 8.224404, 8.497452, 9.024574, 9.172455 ] }, { "date": "2024-03-15", "close": 8.794071, "volume": 42213549, "typical_volume": 55419219.65, "trend": 9.280395, "fair_value": 10.708502, "relative_strength": -4.673884, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.604706, "energy": 35.660442, "activity_lines": [ 8.454314, 8.487872, 8.974988, 9.138483 ] }, { "date": "2024-03-22", "close": 8.449204, "volume": 40084183, "typical_volume": 55570520.85, "trend": 9.243993, "fair_value": 10.661449, "relative_strength": -8.117008, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.883181, "energy": 27.279281, "activity_lines": [ 8.493271, 8.433878, 8.893014, 9.084858 ] }, { "date": "2024-03-29", "close": 8.372569, "volume": 25158647, "typical_volume": 54652956.2, "trend": 9.197372, "fair_value": 10.61191, "relative_strength": -8.673354, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.92231, "energy": 26.756348, "activity_lines": [ 8.468364, 8.39225, 8.808486, 9.028637 ] }, { "date": "2024-04-05", "close": 8.669537, "volume": 18513000, "typical_volume": 44063154.7, "trend": 9.187154, "fair_value": 10.556861, "relative_strength": -6.267791, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.557564, "energy": 21.74877, "activity_lines": [ 8.536699, 8.437187, 8.757897, 8.994583 ] }, { "date": "2024-04-12", "close": 8.631218, "volume": 30663558, "typical_volume": 40852194.1, "trend": 9.17023, "fair_value": 10.50493, "relative_strength": -5.161006, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.770544, "energy": 21.871204, "activity_lines": [ 8.576295, 8.483518, 8.711093, 8.958716 ] }, { "date": "2024-04-19", "close": 7.941487, "volume": 35855991, "typical_volume": 40139453.65, "trend": 9.132231, "fair_value": 10.447837, "relative_strength": -13.935564, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.65813, "energy": 34.707748, "activity_lines": [ 8.362351, 8.410365, 8.60663, 8.879443 ] }, { "date": "2024-04-26", "close": 8.315091, "volume": 22628622, "typical_volume": 39646334.0, "trend": 9.100937, "fair_value": 10.391599, "relative_strength": -10.511633, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.328761, "energy": 30.946826, "activity_lines": [ 8.32978, 8.399914, 8.547602, 8.826724 ] }, { "date": "2024-05-03", "close": 8.439627, "volume": 11683712, "typical_volume": 38569702.0, "trend": 9.074115, "fair_value": 10.342832, "relative_strength": -9.669391, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.806856, "energy": 31.721633, "activity_lines": [ 8.347662, 8.404095, 8.50901, 8.784059 ] }, { "date": "2024-05-10", "close": 8.535421, "volume": 21942217, "typical_volume": 38382267.85, "trend": 9.048888, "fair_value": 10.299696, "relative_strength": -10.033774, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.716544, "energy": 33.896333, "activity_lines": [ 8.393005, 8.422905, 8.485608, 8.749304 ] }, { "date": "2024-05-17", "close": 8.449204, "volume": 19733040, "typical_volume": 37915735.85, "trend": 9.029729, "fair_value": 10.258915, "relative_strength": -10.839224, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.745241, "energy": 26.123399, "activity_lines": [ 8.41855, 8.424124, 8.46029, 8.710615 ] }, { "date": "2024-05-24", "close": 8.10434, "volume": 19395426, "typical_volume": 36679711.8, "trend": 9.003545, "fair_value": 10.217293, "relative_strength": -12.526479, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.280853, "energy": 33.131486, "activity_lines": [ 8.341275, 8.359505, 8.408013, 8.650913 ] }, { "date": "2024-05-31", "close": 8.123498, "volume": 13369300, "typical_volume": 34700936.05, "trend": 8.959479, "fair_value": 10.176534, "relative_strength": -12.125535, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.891626, "energy": 42.661433, "activity_lines": [ 8.259529, 8.310911, 8.365635, 8.594135 ] }, { "date": "2024-06-07", "close": 7.826532, "volume": 21611730, "typical_volume": 31327526.85, "trend": 8.901682, "fair_value": 10.134272, "relative_strength": -14.142581, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.028079, "energy": 60.127095, "activity_lines": [ 8.091567, 8.214244, 8.303413, 8.521042 ] }, { "date": "2024-06-14", "close": 7.730735, "volume": 11526714, "typical_volume": 28940446.2, "trend": 8.818339, "fair_value": 10.089342, "relative_strength": -14.453457, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.638548, "energy": 74.670092, "activity_lines": [ 7.932545, 8.110087, 8.243198, 8.445497 ] }, { "date": "2024-06-21", "close": 7.654719, "volume": 14095056, "typical_volume": 27478281.5, "trend": 8.729589, "fair_value": 10.046035, "relative_strength": -14.152918, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.51688, "energy": 80.148822, "activity_lines": [ 7.801831, 8.009179, 8.182404, 8.370425 ] }, { "date": "2024-06-28", "close": 7.536042, "volume": 14079820, "typical_volume": 26189646.5, "trend": 8.647101, "fair_value": 10.000769, "relative_strength": -14.392679, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.741818, "energy": 82.66354, "activity_lines": [ 7.684524, 7.904447, 8.116508, 8.293422 ] }, { "date": "2024-07-05", "close": 7.565711, "volume": 10224180, "typical_volume": 24492182.3, "trend": 8.56209, "fair_value": 9.957576, "relative_strength": -13.311266, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.215818, "energy": 78.875101, "activity_lines": [ 7.614992, 7.812482, 8.054, 8.223655 ] }, { "date": "2024-07-12", "close": 8.455795, "volume": 59334783, "typical_volume": 25548375.35, "trend": 8.520159, "fair_value": 9.920373, "relative_strength": -3.637203, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.053979, "energy": 33.232104, "activity_lines": [ 7.879341, 7.895975, 8.077732, 8.216797 ] }, { "date": "2024-07-19", "close": 8.614032, "volume": 117842520, "typical_volume": 29071741.85, "trend": 8.478713, "fair_value": 9.88715, "relative_strength": -1.968474, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.277635, "energy": 11.505347, "activity_lines": [ 8.154485, 8.007945, 8.115728, 8.222853 ] }, { "date": "2024-07-26", "close": 8.940395, "volume": 188483383, "typical_volume": 36921971.55, "trend": 8.453894, "fair_value": 9.855688, "relative_strength": 4.980722, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 19.797479, "energy": 26.025305, "activity_lines": [ 8.47953, 8.177824, 8.183929, 8.252639 ] }, { "date": "2024-08-02", "close": 9.870038, "volume": 186933231, "typical_volume": 44157955.65, "trend": 8.456231, "fair_value": 9.831763, "relative_strength": 15.124486, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 46.295162, "energy": 46.729443, "activity_lines": [ 9.028744, 8.507798, 8.337508, 8.344003 ] }, { "date": "2024-08-09", "close": 8.564583, "volume": 93819467, "typical_volume": 46844719.85, "trend": 8.411859, "fair_value": 9.794327, "relative_strength": 1.466704, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.76997, "energy": 40.623933, "activity_lines": [ 8.987207, 8.568313, 8.361634, 8.350994 ] }, { "date": "2024-08-16", "close": 8.722819, "volume": 92518661, "typical_volume": 50212720.55, "trend": 8.363822, "fair_value": 9.758607, "relative_strength": 2.730994, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 57.307014, "energy": 51.872174, "activity_lines": [ 8.931824, 8.649578, 8.400281, 8.371056 ] }, { "date": "2024-08-23", "close": 8.000863, "volume": 48897768, "typical_volume": 51731958.95, "trend": 8.326205, "fair_value": 9.722174, "relative_strength": -4.827225, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 37.402007, "energy": 23.757152, "activity_lines": [ 8.617987, 8.583283, 8.368502, 8.347639 ] }, { "date": "2024-08-30", "close": 7.733838, "volume": 42901901, "typical_volume": 52343876.1, "trend": 8.285436, "fair_value": 9.690166, "relative_strength": -7.36898, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.999439, "energy": 12.906065, "activity_lines": [ 8.25602, 8.463527, 8.314476, 8.309422 ] }, { "date": "2024-09-06", "close": 7.486593, "volume": 27147342, "typical_volume": 51908443.65, "trend": 8.279852, "fair_value": 9.655697, "relative_strength": -7.718646, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -33.337348, "energy": 29.663791, "activity_lines": [ 7.892075, 8.297378, 8.241176, 8.257884 ] }, { "date": "2024-09-13", "close": 7.219568, "volume": 20938187, "typical_volume": 51823921.9, "trend": 8.258023, "fair_value": 9.621327, "relative_strength": -8.831422, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -67.336997, "energy": 47.633942, "activity_lines": [ 7.598018, 8.083578, 8.144612, 8.189478 ] }, { "date": "2024-09-20", "close": 7.259127, "volume": 12333600, "typical_volume": 51856416.3, "trend": 8.223783, "fair_value": 9.588906, "relative_strength": -9.27221, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.202138, "energy": 64.680236, "activity_lines": [ 7.406815, 7.883264, 8.057032, 8.125033 ] }, { "date": "2024-09-27", "close": 8.14921, "volume": 40216925, "typical_volume": 52770151.7, "trend": 8.214421, "fair_value": 9.561957, "relative_strength": -9.521404, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.652597, "energy": 49.652986, "activity_lines": [ 7.609886, 7.866541, 8.059843, 8.120222 ] }, { "date": "2024-10-04", "close": 8.811828, "volume": 27276823, "typical_volume": 53147340.85, "trend": 8.232257, "fair_value": 9.538261, "relative_strength": -9.279498, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -18.232145, "energy": 11.507741, "activity_lines": [ 8.023939, 7.978746, 8.1276, 8.158764 ] }, { "date": "2024-10-11", "close": 8.475574, "volume": 75013779, "typical_volume": 55928258.5, "trend": 8.22164, "fair_value": 9.511534, "relative_strength": -9.309125, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.150518, "energy": 7.652949, "activity_lines": [ 8.254042, 8.032151, 8.161606, 8.174462 ] }, { "date": "2024-10-18", "close": 8.505244, "volume": 41427620, "typical_volume": 57331174.5, "trend": 8.223508, "fair_value": 9.487627, "relative_strength": -10.027175, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.160507, "energy": 19.31908, "activity_lines": [ 8.428103, 8.116304, 8.196669, 8.192759 ] }, { "date": "2024-10-25", "close": 8.712931, "volume": 39230599, "typical_volume": 58212117.95, "trend": 8.234853, "fair_value": 9.458798, "relative_strength": -8.689683, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.522371, "energy": 25.97471, "activity_lines": [ 8.585681, 8.239298, 8.249695, 8.224335 ] }, { "date": "2024-11-01", "close": 8.663481, "volume": 50819985, "typical_volume": 60176781.5, "trend": 8.234651, "fair_value": 9.433509, "relative_strength": -8.145137, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 57.142791, "energy": 51.396596, "activity_lines": [ 8.629856, 8.35348, 8.29379, 8.251988 ] }, { "date": "2024-11-08", "close": 9.039294, "volume": 64298205, "typical_volume": 62686938.95, "trend": 8.248254, "fair_value": 9.407648, "relative_strength": -8.839385, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.556849, "energy": 61.670408, "activity_lines": [ 8.765017, 8.523945, 8.369235, 8.303901 ] }, { "date": "2024-11-15", "close": 8.712931, "volume": 54365003, "typical_volume": 64701198.1, "trend": 8.273969, "fair_value": 9.383202, "relative_strength": -8.463443, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.342388, "energy": 52.696461, "activity_lines": [ 8.776225, 8.611335, 8.407005, 8.33388 ] }, { "date": "2024-11-22", "close": 8.663481, "volume": 40786280, "typical_volume": 66229303.1, "trend": 8.285582, "fair_value": 9.359666, "relative_strength": -6.757374, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.251547, "energy": 45.004396, "activity_lines": [ 8.755127, 8.667437, 8.434461, 8.35901 ] }, { "date": "2024-11-29", "close": 9.049184, "volume": 39322900, "typical_volume": 65228708.95, "trend": 8.3059, "fair_value": 9.344505, "relative_strength": -3.970165, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.99213, "energy": 47.828087, "activity_lines": [ 8.852047, 8.767414, 8.493423, 8.408275 ] }, { "date": "2024-12-06", "close": 9.781031, "volume": 215209891, "typical_volume": 70097077.5, "trend": 8.347421, "fair_value": 9.334737, "relative_strength": 1.749575, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.975386, "energy": 55.670199, "activity_lines": [ 9.170499, 8.967908, 8.61926, 8.503444 ] }, { "date": "2024-12-13", "close": 9.612904, "volume": 87790859, "typical_volume": 65062451.3, "trend": 8.386211, "fair_value": 9.321437, "relative_strength": 0.659778, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.059278, "energy": 61.818941, "activity_lines": [ 9.358406, 9.108164, 8.723527, 8.585088 ] }, { "date": "2024-12-20", "close": 9.741471, "volume": 66138223, "typical_volume": 59022700.9, "trend": 8.440782, "fair_value": 9.309779, "relative_strength": 3.049239, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.910582, "energy": 66.336528, "activity_lines": [ 9.550928, 9.25723, 8.836836, 8.672524 ] }, { "date": "2024-12-27", "close": 12.688637, "volume": 264115575, "typical_volume": 67537506.3, "trend": 8.592953, "fair_value": 9.314324, "relative_strength": 32.587802, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.205588, "energy": 87.795773, "activity_lines": [ 10.657268, 9.919128, 9.231439, 8.94658 ] }, { "date": "2025-01-03", "close": 9.23709, "volume": 242621569, "typical_volume": 75042651.7, "trend": 8.639972, "fair_value": 9.295225, "relative_strength": 2.485886, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.408286, "energy": 53.858332, "activity_lines": [ 10.34475, 9.877411, 9.277686, 8.988137 ] }, { "date": "2025-01-10", "close": 9.474446, "volume": 204739131, "typical_volume": 82834719.85, "trend": 8.698095, "fair_value": 9.279226, "relative_strength": 6.826937, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.780859, "energy": 42.113874, "activity_lines": [ 10.098823, 9.86932, 9.344089, 9.041974 ] }, { "date": "2025-01-17", "close": 9.939268, "volume": 258004038, "typical_volume": 93589826.7, "trend": 8.774247, "fair_value": 9.264569, "relative_strength": 9.881945, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.997965, "energy": 36.793058, "activity_lines": [ 10.028276, 9.930996, 9.447744, 9.12205 ] }, { "date": "2025-01-24", "close": 11.116156, "volume": 270052719, "typical_volume": 105735095.55, "trend": 8.893584, "fair_value": 9.256113, "relative_strength": 22.320818, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.626904, "energy": 32.785068, "activity_lines": [ 10.328267, 10.190289, 9.652981, 9.273141 ] }, { "date": "2025-01-31", "close": 10.572215, "volume": 35137021, "typical_volume": 106445037.25, "trend": 8.993801, "fair_value": 9.239962, "relative_strength": 16.268065, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.605254, "energy": 32.780147, "activity_lines": [ 10.355299, 10.306989, 9.789131, 9.381439 ] }, { "date": "2025-02-07", "close": 10.928249, "volume": 116310547, "typical_volume": 111643884.6, "trend": 9.076216, "fair_value": 9.229658, "relative_strength": 17.844462, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.15211, "energy": 38.85932, "activity_lines": [ 10.642104, 10.453718, 9.943223, 9.506242 ] }, { "date": "2025-02-14", "close": 10.819461, "volume": 187989345, "typical_volume": 119032505.6, "trend": 9.14973, "fair_value": 9.221345, "relative_strength": 14.788732, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.754812, "energy": 44.745391, "activity_lines": [ 10.779902, 10.546502, 10.069483, 9.61871 ] }, { "date": "2025-02-21", "close": 11.333732, "volume": 143930735, "typical_volume": 124865201.2, "trend": 9.229508, "fair_value": 9.215219, "relative_strength": 18.609281, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.690211, "energy": 44.868904, "activity_lines": [ 10.999456, 10.71391, 10.232006, 9.759613 ] }, { "date": "2025-02-28", "close": 12.213926, "volume": 206346142, "typical_volume": 131431819.35, "trend": 9.307638, "fair_value": 9.220462, "relative_strength": 29.276319, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.387636, "energy": 58.146517, "activity_lines": [ 11.419444, 11.010065, 10.466348, 9.952156 ] }, { "date": "2025-03-07", "close": 12.431501, "volume": 257679902, "typical_volume": 142244433.45, "trend": 9.436535, "fair_value": 9.222424, "relative_strength": 28.721149, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.463388, "energy": 62.808559, "activity_lines": [ 11.838772, 11.300826, 10.703609, 10.153696 ] }, { "date": "2025-03-14", "close": 11.97657, "volume": 115782993, "typical_volume": 146072053.15, "trend": 9.544993, "fair_value": 9.220827, "relative_strength": 21.795625, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.722621, "energy": 57.238415, "activity_lines": [ 11.982504, 11.513547, 10.878847, 10.317569 ] }, { "date": "2025-03-21", "close": 13.816076, "volume": 153284397, "typical_volume": 151195273.75, "trend": 9.738834, "fair_value": 9.233944, "relative_strength": 41.525243, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.582075, "energy": 71.829955, "activity_lines": [ 12.669516, 12.010915, 11.213735, 10.593123 ] }, { "date": "2025-03-28", "close": 13.539161, "volume": 340431410, "typical_volume": 165001934.0, "trend": 9.932345, "fair_value": 9.244526, "relative_strength": 38.070593, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.784357, "energy": 76.892087, "activity_lines": [ 13.06445, 12.378996, 11.497714, 10.838305 ] }, { "date": "2025-04-04", "close": 12.856764, "volume": 336058189, "typical_volume": 179086593.3, "trend": 10.11135, "fair_value": 9.256345, "relative_strength": 30.598822, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.986891, "energy": 69.189611, "activity_lines": [ 13.084889, 12.557552, 11.695275, 11.026977 ] }, { "date": "2025-04-11", "close": 11.877672, "volume": 248605907, "typical_volume": 189477574.65, "trend": 10.266621, "fair_value": 9.26662, "relative_strength": 23.865446, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.248858, "energy": 45.397855, "activity_lines": [ 12.736108, 12.526444, 11.779857, 11.140934 ] }, { "date": "2025-04-18", "close": 11.323842, "volume": 125439660, "typical_volume": 193783412.65, "trend": 10.402111, "fair_value": 9.274807, "relative_strength": 16.050333, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.306075, "energy": 27.685045, "activity_lines": [ 12.239639, 12.370904, 11.796387, 11.209141 ] }, { "date": "2025-04-25", "close": 11.818333, "volume": 115099758, "typical_volume": 188777906.0, "trend": 10.524415, "fair_value": 9.285053, "relative_strength": 19.752488, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.295425, "energy": 20.793096, "activity_lines": [ 11.951516, 12.298079, 11.84918, 11.300511 ] }, { "date": "2025-05-02", "close": 12.609518, "volume": 93707638, "typical_volume": 189073744.95, "trend": 10.651005, "fair_value": 9.300897, "relative_strength": 27.471334, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.531059, "energy": 21.964724, "activity_lines": [ 12.060304, 12.350945, 11.967622, 11.435033 ] }, { "date": "2025-05-09", "close": 12.945772, "volume": 131844524, "typical_volume": 192359060.0, "trend": 10.800011, "fair_value": 9.325032, "relative_strength": 27.455873, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.965972, "energy": 22.469101, "activity_lines": [ 12.343152, 12.441751, 12.103819, 11.583083 ] }, { "date": "2025-05-16", "close": 13.133678, "volume": 106100900, "typical_volume": 184458326.25, "trend": 10.954293, "fair_value": 9.351891, "relative_strength": 27.344038, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.600754, "energy": 34.505604, "activity_lines": [ 12.682703, 12.553416, 12.242653, 11.733642 ] }, { "date": "2025-05-23", "close": 13.489713, "volume": 230651551, "typical_volume": 183859825.35, "trend": 11.113519, "fair_value": 9.384715, "relative_strength": 30.391521, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.528745, "energy": 41.724967, "activity_lines": [ 13.057197, 12.717048, 12.413276, 11.897217 ] }, { "date": "2025-05-30", "close": 17.603876, "volume": 507796614, "typical_volume": 199012699.5, "trend": 11.411532, "fair_value": 9.444379, "relative_strength": 67.465646, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.545943, "energy": 80.678456, "activity_lines": [ 14.658689, 13.601197, 12.955474, 12.31595 ] }, { "date": "2025-06-06", "close": 15.428117, "volume": 453529038, "typical_volume": 208788949.5, "trend": 11.624493, "fair_value": 9.486647, "relative_strength": 43.376502, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.423782, "energy": 74.238021, "activity_lines": [ 15.149224, 14.020885, 13.251744, 12.575085 ] }, { "date": "2025-06-13", "close": 15.032524, "volume": 256136771, "typical_volume": 208093152.1, "trend": 11.835146, "fair_value": 9.52638, "relative_strength": 38.452641, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.738497, "energy": 72.114944, "activity_lines": [ 15.319988, 14.334303, 13.484202, 12.794958 ] }, { "date": "2025-06-20", "close": 14.18, "volume": 138228956, "typical_volume": 213247748.85, "trend": 12.01903, "fair_value": 9.55907, "relative_strength": 29.969376, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.474412, "energy": 65.256008, "activity_lines": [ 15.067461, 14.453156, 13.616818, 12.946239 ] }, { "date": "2025-06-27", "close": 16.57, "volume": 292455780, "typical_volume": 222055010.5, "trend": 12.269723, "fair_value": 9.606613, "relative_strength": 47.019929, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.108948, "energy": 50.591646, "activity_lines": [ 15.541845, 14.964695, 13.959873, 13.23985 ] }, { "date": "2025-07-04", "close": 15.87, "volume": 213070154, "typical_volume": 223309050.95, "trend": 12.472689, "fair_value": 9.649728, "relative_strength": 37.25043, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.296293, "energy": 46.202917, "activity_lines": [ 15.577544, 15.253576, 14.209395, 13.472126 ] }, { "date": "2025-07-11", "close": 15.76, "volume": 166467592, "typical_volume": 224435893.8, "trend": 12.677592, "fair_value": 9.691669, "relative_strength": 33.561068, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.621131, "energy": 45.818338, "activity_lines": [ 15.692168, 15.448791, 14.424392, 13.68421 ] }, { "date": "2025-07-18", "close": 17.08, "volume": 220449320, "typical_volume": 225141052.7, "trend": 12.92221, "fair_value": 9.740845, "relative_strength": 42.171152, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.539324, "energy": 62.730927, "activity_lines": [ 16.224667, 15.826724, 14.744025, 13.968236 ] }, { "date": "2025-07-25", "close": 16.440001, "volume": 150855700, "typical_volume": 219799842.6, "trend": 13.047255, "fair_value": 9.786007, "relative_strength": 33.471439, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.246581, "energy": 52.522101, "activity_lines": [ 16.407334, 16.013126, 14.979534, 14.195191 ] }, { "date": "2025-08-01", "close": 16.85, "volume": 191823713, "typical_volume": 223601878.6, "trend": 13.301019, "fair_value": 9.834277, "relative_strength": 37.067772, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.862391, "energy": 52.718315, "activity_lines": [ 16.576, 16.213958, 15.235002, 14.440529 ] }, { "date": "2025-08-08", "close": 17.43, "volume": 204907401, "typical_volume": 226183028.8, "trend": 13.566204, "fair_value": 9.888481, "relative_strength": 37.473615, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.368547, "energy": 54.197578, "activity_lines": [ 16.919334, 16.459149, 15.522502, 14.706915 ] }, { "date": "2025-08-15", "close": 19.709999, "volume": 253131826, "typical_volume": 221818049.6, "trend": 13.891895, "fair_value": 9.951549, "relative_strength": 50.948015, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.370731, "energy": 67.159553, "activity_lines": [ 17.918666, 17.122046, 16.009935, 15.103289 ] }, { "date": "2025-08-22", "close": 19.26, "volume": 254043765, "typical_volume": 217717328.4, "trend": 14.163357, "fair_value": 10.010354, "relative_strength": 40.817916, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.691199, "energy": 73.485995, "activity_lines": [ 18.504666, 17.625273, 16.425127, 15.449618 ] }, { "date": "2025-08-29", "close": 18.57, "volume": 266350093, "typical_volume": 218604537.7, "trend": 14.429949, "fair_value": 10.06869, "relative_strength": 33.142368, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.172162, "energy": 72.490875, "activity_lines": [ 18.715333, 17.926182, 16.744112, 15.733918 ] }, { "date": "2025-09-05", "close": 19.17, "volume": 236632920, "typical_volume": 224164200.7, "trend": 14.704675, "fair_value": 10.126199, "relative_strength": 37.384982, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.339238, "energy": 75.980998, "activity_lines": [ 18.984, 18.256364, 17.088373, 16.039727 ] }, { "date": "2025-09-12", "close": 18.540001, "volume": 193613244, "typical_volume": 228089875.0, "trend": 14.962026, "fair_value": 10.181826, "relative_strength": 29.434204, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.082232, "energy": 53.381528, "activity_lines": [ 18.888, 18.424727, 17.33527, 16.287168 ] }, { "date": "2025-09-19", "close": 23.120001, "volume": 296986813, "typical_volume": 238253833.75, "trend": 15.354902, "fair_value": 10.269689, "relative_strength": 60.703713, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.128202, "energy": 68.67409, "activity_lines": [ 20.244667, 19.377273, 17.98635, 16.813489 ] }, { "date": "2025-09-26", "close": 21.950001, "volume": 538595177, "typical_volume": 258591366.4, "trend": 15.679437, "fair_value": 10.351909, "relative_strength": 49.883309, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.541805, "energy": 60.15289, "activity_lines": [ 20.984001, 19.983273, 18.475952, 17.238979 ] }, { "date": "2025-10-03", "close": 21.860001, "volume": 112787191, "typical_volume": 258925680.95, "trend": 15.993721, "fair_value": 10.433313, "relative_strength": 44.988516, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.548295, "energy": 58.995429, "activity_lines": [ 21.514001, 20.484364, 18.914105, 17.637725 ] }, { "date": "2025-10-10", "close": 23.74, "volume": 143714685, "typical_volume": 254578837.65, "trend": 16.385835, "fair_value": 10.531682, "relative_strength": 54.240656, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.414504, "energy": 75.801765, "activity_lines": [ 22.451334, 21.228728, 19.489751, 18.137485 ] }, { "date": "2025-10-17", "close": 23.41, "volume": 312869259, "typical_volume": 244832469.9, "trend": 16.705632, "fair_value": 10.628115, "relative_strength": 51.786659, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.252518, "energy": 59.575241, "activity_lines": [ 22.974, 21.787819, 19.985158, 18.590657 ] }, { "date": "2025-10-24", "close": 24.219999, "volume": 343967858, "typical_volume": 239354410.9, "trend": 17.06166, "fair_value": 10.731538, "relative_strength": 50.134436, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.783115, "energy": 58.94576, "activity_lines": [ 23.442, 22.385455, 20.53006, 19.075455 ] }, { "date": "2025-10-31", "close": 30.940001, "volume": 483833859, "typical_volume": 250739265.3, "trend": 17.664435, "fair_value": 10.875641, "relative_strength": 87.015048, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.203003, "energy": 81.144551, "activity_lines": [ 26.076667, 24.122909, 21.673096, 19.970832 ] }, { "date": "2025-11-07", "close": 31.9, "volume": 739283387, "typical_volume": 280791986.85, "trend": 18.331846, "fair_value": 11.025957, "relative_strength": 86.166483, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.74956, "energy": 83.043235, "activity_lines": [ 28.432, 25.822546, 22.83181, 20.889255 ] }, { "date": "2025-11-14", "close": 33.099998, "volume": 636246288, "typical_volume": 297981512.25, "trend": 19.057718, "fair_value": 11.185764, "relative_strength": 88.703834, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.279607, "energy": 87.393922, "activity_lines": [ 30.517999, 27.498, 24.020429, 21.842039 ] }, { "date": "2025-11-21", "close": 25.370001, "volume": 498045359, "typical_volume": 312230272.5, "trend": 19.50944, "fair_value": 11.292604, "relative_strength": 47.93797, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.489553, "energy": 58.313635, "activity_lines": [ 29.403333, 27.514727, 24.394143, 22.249283 ] }, { "date": "2025-11-28", "close": 27.57, "volume": 327450647, "typical_volume": 320279425.25, "trend": 20.008123, "fair_value": 11.413786, "relative_strength": 55.622021, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.807025, "energy": 51.242589, "activity_lines": [ 28.891333, 27.807273, 24.932143, 22.769319 ] }, { "date": "2025-12-05", "close": 24.799999, "volume": 381234172, "typical_volume": 328318667.85, "trend": 20.403264, "fair_value": 11.516613, "relative_strength": 37.456895, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.802798, "energy": 31.887274, "activity_lines": [ 27.232666, 27.515272, 25.150095, 23.078473 ] }, { "date": "2025-12-12", "close": 26.620001, "volume": 412005799, "typical_volume": 341376172.8, "trend": 20.852808, "fair_value": 11.632365, "relative_strength": 45.625771, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.286038, "energy": 21.508307, "activity_lines": [ 26.59, 27.502364, 25.504619, 23.479553 ] }, { "date": "2025-12-19", "close": 25.700001, "volume": 307383066, "typical_volume": 347154140.45, "trend": 21.259817, "fair_value": 11.74156, "relative_strength": 38.449309, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.140136, "energy": 19.493463, "activity_lines": [ 25.992667, 27.235637, 25.723048, 23.792275 ] }, { "date": "2025-12-26", "close": 28.57, "volume": 292938644, "typical_volume": 351555702.6, "trend": 21.625355, "fair_value": 11.869871, "relative_strength": 48.979528, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.15011, "energy": 20.967398, "activity_lines": [ 26.845334, 27.455091, 26.172667, 24.263899 ] }, { "date": "2026-01-02", "close": 29.690001, "volume": 420642732, "typical_volume": 359931247.9, "trend": 22.100751, "fair_value": 12.00704, "relative_strength": 51.83958, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.544377, "energy": 31.953403, "activity_lines": [ 27.858001, 27.784364, 26.675905, 24.784199 ] }, { "date": "2026-01-09", "close": 28.129999, "volume": 298140938, "typical_volume": 362136106.55, "trend": 22.537333, "fair_value": 12.135946, "relative_strength": 36.524353, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.923073, "energy": 30.368448, "activity_lines": [ 28.209333, 27.730546, 26.983048, 25.173183 ] }, { "date": "2026-01-16", "close": 26.66, "volume": 298393770, "typical_volume": 363738290.4, "trend": 22.953333, "fair_value": 12.25513, "relative_strength": 28.280084, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.373681, "energy": 28.780805, "activity_lines": [ 27.848667, 27.460546, 27.107952, 25.439161 ] }, { "date": "2026-01-23", "close": 26.16, "volume": 150105685, "typical_volume": 359411928.65, "trend": 23.273, "fair_value": 12.37027, "relative_strength": 23.469491, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.888058, "energy": 22.599642, "activity_lines": [ 27.318667, 27.194909, 27.146714, 25.646043 ] }, { "date": "2026-01-30", "close": 23.450001, "volume": 129464478, "typical_volume": 356204490.35, "trend": 23.525667, "fair_value": 12.467859, "relative_strength": 10.158492, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.791131, "energy": 8.141162, "activity_lines": [ 25.854667, 26.562728, 26.894095, 25.657463 ] }, { "date": "2026-02-06", "close": 25.549999, "volume": 167128459, "typical_volume": 349711572.65, "trend": 23.852, "fair_value": 12.57765, "relative_strength": 20.237944, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.909168, "energy": 14.312906, "activity_lines": [ 25.432, 26.347273, 26.818095, 25.788065 ] }, { "date": "2026-02-13", "close": 23.68, "volume": 149521833, "typical_volume": 330257905.45, "trend": 24.072, "fair_value": 12.673237, "relative_strength": 9.948684, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 0.045614, "energy": 14.507086, "activity_lines": [ 24.662, 25.828545, 26.552429, 25.776968 ] }, { "date": "2026-02-27", "close": 23.35, "volume": 76290994, "typical_volume": 328433095.6, "trend": 24.302333, "fair_value": 12.756222, "relative_strength": 5.445235, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.743204, "energy": 39.464969, "activity_lines": [ 24.078667, 25.270182, 26.247095, 25.730387 ] }, { "date": "2026-03-06", "close": 20.98, "volume": 93618811, "typical_volume": 325928301.9, "trend": 24.44, "fair_value": 12.822457, "relative_strength": -4.853321, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.448928, "energy": 51.548552, "activity_lines": [ 22.926, 24.340364, 25.708952, 25.516043 ] }, { "date": "2026-03-13", "close": 19.93, "volume": 63450468, "typical_volume": 313457362.35, "trend": 24.523333, "fair_value": 12.884658, "relative_strength": -9.365556, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.009618, "energy": 66.721498, "activity_lines": [ 21.768667, 23.305455, 25.083952, 25.225075 ] }, { "date": "2026-03-20", "close": 18.5, "volume": 68532879, "typical_volume": 299685613.4, "trend": 24.483, "fair_value": 12.93919, "relative_strength": -13.290486, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -54.860781, "energy": 75.846289, "activity_lines": [ 20.369333, 22.167636, 24.339333, 24.836473 ] }, { "date": "2026-03-27", "close": 18.290001, "volume": 72675411, "typical_volume": 279127691.0, "trend": 24.450667, "fair_value": 12.995612, "relative_strength": -13.5007, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -79.242161, "energy": 89.693295, "activity_lines": [ 19.37, 21.195091, 23.601952, 24.436925 ] }, { "date": "2026-04-03", "close": 17.889999, "volume": 54391200, "typical_volume": 244883081.65, "trend": 24.428, "fair_value": 13.050368, "relative_strength": -14.832202, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.949393, "energy": 90.551125, "activity_lines": [ 18.596667, 20.328727, 22.886714, 24.013656 ] }, { "date": "2026-04-10", "close": 18.459999, "volume": 44921908, "typical_volume": 215316862.65, "trend": 24.404333, "fair_value": 13.108419, "relative_strength": -14.695916, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.881169, "energy": 87.35756, "activity_lines": [ 18.377333, 19.725454, 22.292476, 23.628624 ] }, { "date": "2026-04-17", "close": 18.879999, "volume": 55484369, "typical_volume": 193188813.15, "trend": 24.415667, "fair_value": 13.170121, "relative_strength": -14.45976, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.95565, "energy": 84.738893, "activity_lines": [ 18.465999, 19.338545, 21.807952, 23.272215 ] }, { "date": "2026-04-24", "close": 18.504385, "volume": 57517799, "typical_volume": 179692170.75, "trend": 24.261813, "fair_value": 13.229295, "relative_strength": -17.06279, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.164225, "energy": 80.466318, "activity_lines": [ 18.499461, 18.966433, 21.31856, 22.890842 ] }, { "date": "2026-05-01", "close": 18.801884, "volume": 41937596, "typical_volume": 162727341.95, "trend": 24.156876, "fair_value": 13.290077, "relative_strength": -16.679262, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.441048, "energy": 60.177465, "activity_lines": [ 18.631797, 18.776514, 20.900671, 22.538588 ] }, { "date": "2026-05-08", "close": 19.912544, "volume": 77499760, "typical_volume": 146002040.0, "trend": 24.09196, "fair_value": 13.361094, "relative_strength": -13.467032, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.108847, "energy": 51.952902, "activity_lines": [ 19.100227, 18.877227, 20.617122, 22.264761 ] }, { "date": "2026-05-15", "close": 18.415136, "volume": 110053807, "typical_volume": 136135577.05, "trend": 23.914465, "fair_value": 13.419637, "relative_strength": -19.275251, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.410829, "energy": 54.361565, "activity_lines": [ 18.934685, 18.768182, 20.222902, 21.898514 ] }, { "date": "2026-05-22", "close": 16.967312, "volume": 75633053, "typical_volume": 125270297.5, "trend": 23.699709, "fair_value": 13.467819, "relative_strength": -25.2739, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.042312, "energy": 65.980547, "activity_lines": [ 18.289526, 18.442531, 19.725485, 21.45031 ] }, { "date": "2026-05-29", "close": 15.340989, "volume": 58958013, "typical_volume": 107186061.55, "trend": 23.403742, "fair_value": 13.505577, "relative_strength": -31.638805, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.287165, "energy": 80.824063, "activity_lines": [ 17.229772, 17.875051, 19.12843, 20.911038 ] }, { "date": "2026-06-05", "close": 14.974074, "volume": 11951090, "typical_volume": 92876569.15, "trend": 22.871544, "fair_value": 13.541102, "relative_strength": -32.233236, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.979153, "energy": 94.670424, "activity_lines": [ 16.258605, 17.298296, 18.56476, 20.367189 ] }, { "date": "2026-06-12", "close": 14.309662, "volume": 12841556, "typical_volume": 78598958.45, "trend": 22.285199, "fair_value": 13.572189, "relative_strength": -35.071386, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.398451, "energy": 94.868137, "activity_lines": [ 15.321156, 16.661029, 18.000459, 19.814809 ] }, { "date": "2026-06-19", "close": 14.111329, "volume": 34003125, "typical_volume": 72793830.45, "trend": 21.652244, "fair_value": 13.601645, "relative_strength": -36.671187, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.797165, "energy": 93.426765, "activity_lines": [ 14.69112, 16.052798, 17.476081, 19.287463 ] }, { "date": "2026-06-26", "close": 13.06, "volume": 10072845, "typical_volume": 66824248.8, "trend": 21.24191, "fair_value": 13.626227, "relative_strength": -40.263193, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.52093, "energy": 95.365107, "activity_lines": [ 13.997563, 15.332484, 16.908951, 18.733124 ] }, { "date": "2026-07-03", "close": 13.89, "volume": 27456092, "typical_volume": 59840630.45, "trend": 20.78591, "fair_value": 13.653796, "relative_strength": -36.407792, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.455376, "energy": 83.938259, "activity_lines": [ 13.841159, 14.868896, 16.470345, 18.258808 ] }, { "date": "2026-07-10", "close": 12.85, "volume": 70034773, "typical_volume": 55866277.45, "trend": 20.387577, "fair_value": 13.675006, "relative_strength": -40.181656, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.614414, "energy": 72.156891, "activity_lines": [ 13.434821, 14.300116, 15.988215, 17.746813 ] }, { "date": "2026-07-17", "close": 12.19, "volume": 84202155, "typical_volume": 56261835.5, "trend": 19.906577, "fair_value": 13.689099, "relative_strength": -39.485547, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.071905, "energy": 72.838031, "activity_lines": [ 12.950089, 13.719551, 15.494799, 17.217937 ] }, { "date": "2026-07-24", "close": 11.89, "volume": 76022206, "typical_volume": 55382005.25, "trend": 19.446244, "fair_value": 13.698812, "relative_strength": -41.388012, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.388033, "energy": 71.519913, "activity_lines": [ 12.506667, 13.224851, 15.025955, 16.700739 ] }, { "date": "2026-07-31", "close": 12.7, "volume": 55765904, "typical_volume": 54997777.05, "trend": 18.917244, "fair_value": 13.715499, "relative_strength": -37.404849, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.434296, "energy": 66.593425, "activity_lines": [ 12.481333, 12.996063, 14.677539, 16.265497 ] }, { "date": "2026-08-07", "close": 13.26, "volume": 72319608, "typical_volume": 55187113.5, "trend": 18.369577, "fair_value": 13.736819, "relative_strength": -36.115072, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.351278, "energy": 64.492229, "activity_lines": [ 12.666667, 12.94668, 14.416885, 15.900514 ] } ], "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." } } }