{ "ticker": { "uuid": "53b78b34-0faf-4507-bd62-7e082d953651", "symbol": "301191", "name": "Shenzhen Phoenix Telecom Technology 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": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 92.344, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "down", "architecture_direction": -49.384, "architecture_energy": 40.579, "architecture_maturity": 41.014, "architecture_confidence": 91.402, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 38.37, "rotation_up": 18.85, "upward_expansion": 11.9, "deceleration": 36.12, "rotation_down": 54.01, "downward_expansion": 78.23 }, "activity_lines": [ 98.085334, 101.940676, 104.684118, 107.782026 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.166667 }, "latest_close": 95.68, "trend_reference": 110.955124, "distance_from_trend": -0.137669, "trend_direction": "Improving", "fair_value": 91.178537, "distance_from_fair_value": 0.04937, "fair_value_direction": "Weakening", "relative_strength": -13.030217, "relative_strength_direction": "Weakening", "price_momentum": -0.121234, "excess_performance": -0.128634, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.137669, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.011184, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.04937, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.217388, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.130302, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.053509, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.121234, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.142906, "read": "Demand-led" } ], "volume": { "latest": 31480188, "relative_activity": 1.001928, "balance": 1.142906, "dry_up": 1.364569, "accumulation_observations": 4, "distribution_observations": 4 }, "risk": { "range_context": 0.240601, "annualized_volatility": 0.840574, "from_high_reference": -0.325675, "from_low_reference": 0.179487 }, "levels": { "trend_reference": 110.955124, "fair_value_reference": 91.178537, "structural_low": 81.120003, "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": 10, "median_return": -0.010436, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.026424, "regime_survival": 0.5, "best_return": 0.275055, "worst_return": -0.169028, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": -0.023081, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.089001, "regime_survival": 0.333333, "best_return": 0.131221, "worst_return": -0.224245, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.112356, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.162309, "regime_survival": 0.333333, "best_return": 0.179901, "worst_return": -0.202716, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.13549, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.204213, "regime_survival": 0.5, "best_return": 0.15681, "worst_return": 0.114169, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-04-26", "end": "2024-09-27", "tenure": "Established", "return": -0.095507, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-04", "end": "2024-11-08", "tenure": "Developing", "return": 0.148307, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-15", "end": "2024-12-06", "tenure": "New", "return": -0.032891, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-13", "end": "2024-12-27", "tenure": "New", "return": 0.238976, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-03", "end": "2025-04-18", "tenure": "Established", "return": 0.105013, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-25", "end": "2025-05-09", "tenure": "New", "return": -0.049595, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-05-16", "end": "2025-06-13", "tenure": "Developing", "return": -0.000572, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-06-20", "end": "2025-07-25", "tenure": "Developing", "return": 0.094643, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-01", "end": "2025-08-15", "tenure": "New", "return": 0.087518, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-22", "end": "2025-09-26", "tenure": "Developing", "return": 0.20897, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-03", "end": "2025-10-24", "tenure": "New", "return": -0.115437, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-31", "end": "2025-12-26", "tenure": "Developing", "return": 0.210805, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-02", "end": "2026-04-24", "tenure": "Established", "return": 0.04721, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-01", "end": "2026-08-07", "tenure": "Established", "return": -0.058309, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 80.98835, "volume": 8023972, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-04", "close": 89.413483, "volume": 11995359, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-11", "close": 82.332474, "volume": 8027332, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-18", "close": 76.829353, "volume": 6151250, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-25", "close": 71.482079, "volume": 6761494, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-01", "close": 74.316437, "volume": 7062753, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-08", "close": 79.186447, "volume": 10315408, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-15", "close": 90.553062, "volume": 44519839, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-22", "close": 107.276695, "volume": 29567465, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-29", "close": 132.347549, "volume": 34698213, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-13", "close": 131.685211, "volume": 31099970, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-20", "close": 105.426086, "volume": 23316249, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-27", "close": 98.617805, "volume": 18730751, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-03", "close": 87.971954, "volume": 16748685, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-10", "close": 104.530006, "volume": 26139521, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-17", "close": 101.111252, "volume": 15131093, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-24", "close": 88.75116, "volume": 10657882, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-01", "close": 96.280197, "volume": 14376579, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-08", "close": 99.358047, "volume": 15190514, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-15", "close": 95.2575, "volume": 15065018, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-22", "close": 86.686272, "volume": 7368884, "typical_volume": 17646212.95, "trend": 93.93739, "fair_value": 74.468144, "relative_strength": 20.444391, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -16.676547, "energy": 12.494904, "activity_lines": [ 92.923137, 94.832123, 97.490144, 95.929828 ] }, { "date": "2023-12-29", "close": 89.803078, "volume": 7889037, "typical_volume": 17440896.85, "trend": 94.338089, "fair_value": 74.657464, "relative_strength": 19.476956, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -13.971519, "energy": 17.228404, "activity_lines": [ 91.768618, 93.63286, 96.997994, 95.663098 ] }, { "date": "2024-01-05", "close": 81.991577, "volume": 5268757, "typical_volume": 17302968.1, "trend": 94.503839, "fair_value": 74.746905, "relative_strength": 12.862536, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -25.553845, "energy": 38.043636, "activity_lines": [ 87.940137, 91.297378, 95.760036, 94.866549 ] }, { "date": "2024-01-12", "close": 80.803291, "volume": 6466515, "typical_volume": 17318731.35, "trend": 94.274403, "fair_value": 74.819873, "relative_strength": 11.581583, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.558144, "energy": 50.376482, "activity_lines": [ 84.668136, 89.048139, 94.410532, 93.982642 ] }, { "date": "2024-01-19", "close": 77.628036, "volume": 5260862, "typical_volume": 17243699.75, "trend": 93.851036, "fair_value": 74.853304, "relative_strength": 8.737342, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -70.284843, "energy": 67.121941, "activity_lines": [ 81.5747, 86.35192, 92.739699, 92.908683 ] }, { "date": "2024-01-26", "close": 78.738403, "volume": 10871596, "typical_volume": 17434141.9, "trend": 92.563404, "fair_value": 74.899011, "relative_strength": 9.519485, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.112476, "energy": 67.927688, "activity_lines": [ 80.026684, 84.346714, 91.145348, 91.933675 ] }, { "date": "2024-02-02", "close": 62.657616, "volume": 8335595, "typical_volume": 17335151.25, "trend": 91.294278, "fair_value": 74.756669, "relative_strength": -5.842248, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.555421, "energy": 81.438959, "activity_lines": [ 73.648264, 79.824506, 87.998437, 90.004269 ] }, { "date": "2024-02-09", "close": 66.719208, "volume": 9478041, "typical_volume": 15583061.35, "trend": 90.206642, "fair_value": 74.664284, "relative_strength": -8.994997, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.357673, "energy": 81.70437, "activity_lines": [ 70.433405, 76.515198, 85.317053, 88.41878 ] }, { "date": "2024-02-23", "close": 84.543465, "volume": 17073157, "typical_volume": 14958345.95, "trend": 89.706654, "fair_value": 74.776548, "relative_strength": 11.283019, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.450174, "energy": 59.027885, "activity_lines": [ 74.178123, 76.984137, 84.446712, 88.053414 ] }, { "date": "2024-03-01", "close": 92.783531, "volume": 19360427, "typical_volume": 14191456.65, "trend": 89.868987, "fair_value": 74.978873, "relative_strength": 16.241629, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.084783, "energy": 28.872925, "activity_lines": [ 80.420185, 79.220625, 84.469393, 88.251922 ] }, { "date": "2024-03-08", "close": 95.608139, "volume": 16882398, "typical_volume": 13480578.05, "trend": 90.356314, "fair_value": 75.208087, "relative_strength": 19.548378, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -15.101979, "energy": 17.317318, "activity_lines": [ 86.593416, 82.01566, 84.949483, 88.62219 ] }, { "date": "2024-03-15", "close": 93.134171, "volume": 13952684, "typical_volume": 13012399.8, "trend": 90.480337, "fair_value": 75.405077, "relative_strength": 12.649033, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 6.082504, "energy": 24.012859, "activity_lines": [ 90.817343, 84.198667, 85.365754, 88.801407 ] }, { "date": "2024-03-22", "close": 90.621239, "volume": 14432038, "typical_volume": 12797464.15, "trend": 90.756629, "fair_value": 75.57047, "relative_strength": 9.402246, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 13.813351, "energy": 27.178871, "activity_lines": [ 92.171855, 85.864211, 85.60123, 88.810497 ] }, { "date": "2024-03-29", "close": 84.670082, "volume": 10544000, "typical_volume": 12487229.9, "trend": 91.017986, "fair_value": 75.668316, "relative_strength": 3.42284, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -9.331975, "energy": 18.11387, "activity_lines": [ 89.949179, 86.290824, 85.308009, 88.417817 ] }, { "date": "2024-04-05", "close": 81.923393, "volume": 6541422, "typical_volume": 11507324.95, "trend": 91.36603, "fair_value": 75.734859, "relative_strength": -1.811047, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -21.294491, "energy": 12.061789, "activity_lines": [ 86.802499, 86.147734, 84.768921, 87.831069 ] }, { "date": "2024-04-12", "close": 76.897537, "volume": 7407883, "typical_volume": 11121164.45, "trend": 91.452067, "fair_value": 75.747098, "relative_strength": -4.974591, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.934009, "energy": 26.366345, "activity_lines": [ 82.704543, 85.012755, 83.858831, 86.897618 ] }, { "date": "2024-04-19", "close": 71.998306, "volume": 10836920, "typical_volume": 11130116.35, "trend": 91.212462, "fair_value": 75.708048, "relative_strength": -11.684904, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -54.690415, "energy": 38.70035, "activity_lines": [ 78.220884, 83.020476, 82.597451, 85.642536 ] }, { "date": "2024-04-26", "close": 77.033897, "volume": 8856469, "typical_volume": 10854110.85, "trend": 90.761823, "fair_value": 75.721716, "relative_strength": -7.606464, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.690976, "energy": 48.000722, "activity_lines": [ 76.824813, 81.773929, 81.895427, 84.72779 ] }, { "date": "2024-05-03", "close": 75.835876, "volume": 4082668, "typical_volume": 10298718.55, "trend": 89.713796, "fair_value": 75.722881, "relative_strength": -10.147829, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.154156, "energy": 54.047755, "activity_lines": [ 75.935224, 80.12202, 81.170954, 83.764826 ] }, { "date": "2024-05-10", "close": 73.732025, "volume": 8562868, "typical_volume": 9973611.05, "trend": 87.759945, "fair_value": 75.702772, "relative_strength": -14.149635, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.89765, "energy": 55.06691, "activity_lines": [ 74.933298, 78.245912, 80.358125, 82.733744 ] }, { "date": "2024-05-17", "close": 74.910576, "volume": 9516417, "typical_volume": 10080987.7, "trend": 85.867458, "fair_value": 75.69485, "relative_strength": -12.910003, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.53966, "energy": 39.174853, "activity_lines": [ 74.870314, 76.930477, 79.760041, 81.904752 ] }, { "date": "2024-05-24", "close": 80.384468, "volume": 24039573, "typical_volume": 10888514.5, "trend": 85.032737, "fair_value": 75.741281, "relative_strength": -4.184047, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.885152, "energy": 29.113141, "activity_lines": [ 76.764425, 76.986615, 79.739355, 81.551011 ] }, { "date": "2024-05-31", "close": 73.245026, "volume": 14273760, "typical_volume": 11338764.65, "trend": 84.186978, "fair_value": 75.716808, "relative_strength": -12.329878, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.524387, "energy": 31.574079, "activity_lines": [ 75.719644, 75.976485, 79.083572, 80.790514 ] }, { "date": "2024-06-07", "close": 67.355362, "volume": 10633345, "typical_volume": 11547106.15, "trend": 83.499758, "fair_value": 75.635629, "relative_strength": -18.45858, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.257391, "energy": 38.461032, "activity_lines": [ 72.964233, 74.211439, 77.90852, 79.704603 ] }, { "date": "2024-06-14", "close": 72.876938, "volume": 8150351, "typical_volume": 11691580.6, "trend": 82.444656, "fair_value": 75.609103, "relative_strength": -11.907223, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.942544, "energy": 31.988166, "activity_lines": [ 72.614715, 73.765128, 77.323369, 79.01926 ] }, { "date": "2024-06-21", "close": 71.671875, "volume": 14873016, "typical_volume": 11891651.6, "trend": 81.463343, "fair_value": 75.571606, "relative_strength": -11.531432, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.758929, "energy": 42.665406, "activity_lines": [ 71.920516, 73.264196, 76.646075, 78.324242 ] }, { "date": "2024-06-28", "close": 69.113579, "volume": 7600098, "typical_volume": 11854876.75, "trend": 80.808757, "fair_value": 75.510681, "relative_strength": -12.571883, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.806786, "energy": 49.382458, "activity_lines": [ 70.589464, 72.393131, 75.758784, 77.527483 ] }, { "date": "2024-07-05", "close": 63.552483, "volume": 5314875, "typical_volume": 11646718.45, "trend": 79.717833, "fair_value": 75.398922, "relative_strength": -17.604582, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.481925, "energy": 54.639778, "activity_lines": [ 68.156106, 70.563408, 74.311122, 76.414175 ] }, { "date": "2024-07-12", "close": 65.034126, "volume": 5389566, "typical_volume": 11062538.9, "trend": 78.573703, "fair_value": 75.302952, "relative_strength": -16.870662, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.945994, "energy": 58.772389, "activity_lines": [ 66.862799, 69.248191, 73.019648, 75.466839 ] }, { "date": "2024-07-19", "close": 64.243919, "volume": 6726086, "typical_volume": 10430821.85, "trend": 77.539916, "fair_value": 75.201493, "relative_strength": -17.993473, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.816644, "energy": 63.929592, "activity_lines": [ 65.460839, 67.985695, 71.745819, 74.542336 ] }, { "date": "2024-07-26", "close": 61.695496, "volume": 4055790, "typical_volume": 9789491.45, "trend": 76.706891, "fair_value": 75.078711, "relative_strength": -18.119403, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.298062, "energy": 68.91767, "activity_lines": [ 63.784939, 66.43236, 70.365185, 73.520116 ] }, { "date": "2024-08-02", "close": 62.367172, "volume": 4825390, "typical_volume": 9333126.75, "trend": 75.79236, "fair_value": 74.964193, "relative_strength": -16.652042, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.009358, "energy": 60.873083, "activity_lines": [ 62.998022, 65.241423, 69.210009, 72.594973 ] }, { "date": "2024-08-09", "close": 58.346989, "volume": 4605792, "typical_volume": 8841814.45, "trend": 75.004207, "fair_value": 74.815825, "relative_strength": -20.479425, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.766988, "energy": 65.413722, "activity_lines": [ 61.320806, 63.647131, 67.818468, 71.469465 ] }, { "date": "2024-08-16", "close": 60.757122, "volume": 3563830, "typical_volume": 8492805.95, "trend": 74.336002, "fair_value": 74.691412, "relative_strength": -16.635325, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.370644, "energy": 56.583471, "activity_lines": [ 60.794, 62.761918, 66.81015, 70.550298 ] }, { "date": "2024-08-23", "close": 60.687981, "volume": 5284662, "typical_volume": 8429967.95, "trend": 73.771333, "fair_value": 74.568575, "relative_strength": -14.983491, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.607201, "energy": 58.406139, "activity_lines": [ 60.52928, 61.984101, 65.909119, 69.669781 ] }, { "date": "2024-08-30", "close": 61.142353, "volume": 8600586, "typical_volume": 8489603.1, "trend": 73.184798, "fair_value": 74.451825, "relative_strength": -16.051701, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.522942, "energy": 53.444267, "activity_lines": [ 60.65308, 61.510516, 65.152483, 68.855008 ] }, { "date": "2024-09-06", "close": 59.779243, "volume": 7682345, "typical_volume": 8331874.35, "trend": 73.088853, "fair_value": 74.325337, "relative_strength": -15.780517, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.971219, "energy": 48.259205, "activity_lines": [ 60.359387, 60.980538, 64.341051, 67.990133 ] }, { "date": "2024-09-13", "close": 61.833782, "volume": 12368144, "typical_volume": 8507458.1, "trend": 72.926005, "fair_value": 74.218572, "relative_strength": -11.40504, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.784811, "energy": 39.552731, "activity_lines": [ 60.923068, 60.993828, 63.783475, 67.264 ] }, { "date": "2024-09-20", "close": 62.683258, "volume": 6023590, "typical_volume": 8604504.2, "trend": 72.197331, "fair_value": 74.120815, "relative_strength": -11.218492, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.228956, "energy": 31.688854, "activity_lines": [ 61.537456, 61.192817, 63.379184, 66.603177 ] }, { "date": "2024-09-27", "close": 69.676598, "volume": 14538312, "typical_volume": 8903276.4, "trend": 71.4271, "fair_value": 74.083468, "relative_strength": -15.949603, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.042827, "energy": 13.588244, "activity_lines": [ 64.354547, 62.706065, 63.703556, 66.440549 ] }, { "date": "2024-10-04", "close": 80.522202, "volume": 5439034, "typical_volume": 8699407.25, "trend": 70.924236, "fair_value": 74.137124, "relative_strength": -11.664809, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 23.559365, "energy": 31.759995, "activity_lines": [ 70.187599, 66.092466, 65.080154, 67.02733 ] }, { "date": "2024-10-11", "close": 70.921181, "volume": 16665443, "typical_volume": 8330700.75, "trend": 70.183803, "fair_value": 74.110546, "relative_strength": -17.462523, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 16.071115, "energy": 28.74737, "activity_lines": [ 71.52832, 67.390922, 65.515648, 67.027133 ] }, { "date": "2024-10-18", "close": 78.368881, "volume": 17923376, "typical_volume": 8513181.55, "trend": 69.775391, "fair_value": 74.145451, "relative_strength": -10.296148, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.955023, "energy": 39.947465, "activity_lines": [ 74.608813, 69.887978, 66.70551, 67.555202 ] }, { "date": "2024-10-25", "close": 82.033478, "volume": 18329609, "typical_volume": 8897994.75, "trend": 69.687504, "fair_value": 74.209581, "relative_strength": -7.727141, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.644418, "energy": 60.997176, "activity_lines": [ 77.808497, 72.687291, 68.219981, 68.346047 ] }, { "date": "2024-11-01", "close": 86.033905, "volume": 22700938, "typical_volume": 9625524.1, "trend": 69.824521, "fair_value": 74.304939, "relative_strength": -1.283403, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.423524, "energy": 62.751538, "activity_lines": [ 81.051643, 75.827111, 70.04555, 69.400653 ] }, { "date": "2024-11-08", "close": 92.464226, "volume": 19000661, "typical_volume": 9831906.35, "trend": 70.343411, "fair_value": 74.450213, "relative_strength": -0.469992, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 81.130237, "energy": 80.252239, "activity_lines": [ 85.347742, 79.675245, 72.420878, 70.861279 ] }, { "date": "2024-11-15", "close": 81.085228, "volume": 10767637, "typical_volume": 9990283.3, "trend": 70.646308, "fair_value": 74.502872, "relative_strength": -8.749007, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.178047, "energy": 62.452669, "activity_lines": [ 85.054706, 80.884982, 73.613481, 71.5543 ] }, { "date": "2024-11-22", "close": 77.045288, "volume": 5947681, "typical_volume": 10021923.6, "trend": 70.646688, "fair_value": 74.522891, "relative_strength": -10.143449, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.28349, "energy": 44.179269, "activity_lines": [ 82.737421, 80.972802, 74.36432, 71.967137 ] }, { "date": "2024-11-29", "close": 79.761627, "volume": 5514071, "typical_volume": 10028148.85, "trend": 70.777546, "fair_value": 74.563818, "relative_strength": -8.168734, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.789176, "energy": 36.348716, "activity_lines": [ 81.413822, 81.27793, 75.309606, 72.555198 ] }, { "date": "2024-12-06", "close": 78.418274, "volume": 7953090, "typical_volume": 10089499.05, "trend": 70.933755, "fair_value": 74.593698, "relative_strength": -10.664431, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.780777, "energy": 21.332053, "activity_lines": [ 79.793895, 81.028296, 76.056823, 73.048148 ] }, { "date": "2024-12-13", "close": 77.954025, "volume": 7788541, "typical_volume": 10276136.6, "trend": 71.035203, "fair_value": 74.619547, "relative_strength": -9.879062, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.716089, "energy": 19.473342, "activity_lines": [ 78.526927, 80.535314, 76.692328, 73.501069 ] }, { "date": "2024-12-20", "close": 90.715889, "volume": 20407157, "typical_volume": 11055224.95, "trend": 71.379584, "fair_value": 74.742419, "relative_strength": 5.94025, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.444223, "energy": 33.306658, "activity_lines": [ 82.481261, 82.409364, 78.465828, 74.77079 ] }, { "date": "2024-12-27", "close": 96.583183, "volume": 21089447, "typical_volume": 11879407.7, "trend": 72.157522, "fair_value": 74.90788, "relative_strength": 12.742589, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 69.358122, "energy": 47.352767, "activity_lines": [ 87.749315, 84.990291, 80.663124, 76.396829 ] }, { "date": "2025-01-03", "close": 80.98645, "volume": 10740778, "typical_volume": 12238255.1, "trend": 72.611892, "fair_value": 74.953583, "relative_strength": 2.127542, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.83254, "energy": 35.732439, "activity_lines": [ 86.515932, 84.40428, 81.19294, 76.966437 ] }, { "date": "2025-01-10", "close": 83.179283, "volume": 15613106, "typical_volume": 12754677.3, "trend": 72.955303, "fair_value": 75.014969, "relative_strength": 6.104211, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.030713, "energy": 38.443501, "activity_lines": [ 85.931838, 84.236003, 81.835266, 77.648204 ] }, { "date": "2025-01-17", "close": 89.293518, "volume": 13620050, "typical_volume": 13005650.5, "trend": 73.542691, "fair_value": 75.120736, "relative_strength": 9.859137, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.581858, "energy": 37.713667, "activity_lines": [ 87.068422, 85.231306, 82.9528, 78.702283 ] }, { "date": "2025-01-24", "close": 89.787399, "volume": 11446789, "typical_volume": 13193872.7, "trend": 74.231819, "fair_value": 75.228579, "relative_strength": 9.085522, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.424881, "energy": 30.393372, "activity_lines": [ 87.613667, 86.374056, 83.983316, 79.750329 ] }, { "date": "2025-01-31", "close": 83.120018, "volume": 2591539, "typical_volume": 12705042.45, "trend": 74.88407, "fair_value": 75.286181, "relative_strength": 2.541672, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.350354, "energy": 23.624994, "activity_lines": [ 85.99835, 86.146333, 84.235948, 80.323761 ] }, { "date": "2025-02-07", "close": 91.980225, "volume": 8559276, "typical_volume": 12831826.75, "trend": 75.782273, "fair_value": 75.407152, "relative_strength": 8.725849, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.286541, "energy": 34.919751, "activity_lines": [ 88.233981, 87.419107, 85.231046, 81.426738 ] }, { "date": "2025-02-14", "close": 92.750679, "volume": 12191350, "typical_volume": 12714478.65, "trend": 76.732498, "fair_value": 75.531926, "relative_strength": 7.592088, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.935806, "energy": 37.239092, "activity_lines": [ 89.993511, 88.609808, 86.160011, 82.521474 ] }, { "date": "2025-02-21", "close": 103.023384, "volume": 13292031, "typical_volume": 13107128.5, "trend": 78.110095, "fair_value": 75.728293, "relative_strength": 16.863918, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.002228, "energy": 58.09686, "activity_lines": [ 94.539183, 91.407684, 87.957453, 84.217661 ] }, { "date": "2025-02-28", "close": 94.923744, "volume": 19324656, "typical_volume": 13240089.15, "trend": 79.195314, "fair_value": 75.864431, "relative_strength": 11.771612, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.793613, "energy": 53.208925, "activity_lines": [ 95.469651, 92.277091, 88.876352, 85.302412 ] }, { "date": "2025-03-07", "close": 102.331947, "volume": 11713000, "typical_volume": 12929570.35, "trend": 80.661479, "fair_value": 76.050822, "relative_strength": 18.12918, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.562948, "energy": 55.873682, "activity_lines": [ 98.527096, 94.416938, 90.386496, 86.795098 ] }, { "date": "2025-03-14", "close": 127.430931, "volume": 15469341, "typical_volume": 12786556.95, "trend": 82.883939, "fair_value": 76.410124, "relative_strength": 44.631507, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.145866, "energy": 76.675052, "activity_lines": [ 108.670075, 101.015714, 94.172909, 89.812482 ] }, { "date": "2025-03-21", "close": 112.614532, "volume": 20474335, "typical_volume": 12675226.8, "trend": 84.614824, "fair_value": 76.661543, "relative_strength": 30.958692, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.313484, "energy": 63.472373, "activity_lines": [ 111.510873, 104.076154, 96.332059, 91.730585 ] }, { "date": "2025-03-28", "close": 105.473022, "volume": 9886350, "typical_volume": 12219511.25, "trend": 86.092513, "fair_value": 76.860243, "relative_strength": 23.305392, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.02995, "energy": 61.470732, "activity_lines": [ 110.646911, 105.302951, 97.68449, 93.076275 ] }, { "date": "2025-04-04", "close": 100.277405, "volume": 6897080, "typical_volume": 12025983.4, "trend": 87.442452, "fair_value": 77.020635, "relative_strength": 19.652453, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.98687, "energy": 47.637503, "activity_lines": [ 107.887768, 105.290918, 98.480154, 93.991429 ] }, { "date": "2025-04-11", "close": 90.864052, "volume": 10937718, "typical_volume": 12275485.25, "trend": 88.410128, "fair_value": 77.114808, "relative_strength": 14.031664, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 32.104892, "energy": 18.401968, "activity_lines": [ 101.633929, 103.376638, 98.287917, 94.212178 ] }, { "date": "2025-04-18", "close": 89.491066, "volume": 8807820, "typical_volume": 12440172.7, "trend": 89.303721, "fair_value": 77.198431, "relative_strength": 12.543433, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 18.665386, "energy": 17.770837, "activity_lines": [ 95.686955, 101.071924, 97.899116, 94.281916 ] }, { "date": "2025-04-25", "close": 87.831627, "volume": 10723171, "typical_volume": 12578676.75, "trend": 89.908889, "fair_value": 77.269795, "relative_strength": 8.763893, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.844262, "energy": 19.722899, "activity_lines": [ 91.716159, 98.510752, 97.305942, 94.186942 ] }, { "date": "2025-05-02", "close": 81.70752, "volume": 12435786, "typical_volume": 12811039.0, "trend": 89.9484, "fair_value": 77.299379, "relative_strength": 1.274369, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.871621, "energy": 27.910145, "activity_lines": [ 87.356188, 94.925542, 96.084695, 93.657821 ] }, { "date": "2025-05-09", "close": 83.475609, "volume": 8977200, "typical_volume": 12239541.15, "trend": 90.36688, "fair_value": 77.340282, "relative_strength": 0.987757, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.191186, "energy": 29.490178, "activity_lines": [ 85.169946, 92.049365, 95.013963, 93.240222 ] }, { "date": "2025-05-16", "close": 78.684975, "volume": 11600487, "typical_volume": 11765093.15, "trend": 90.377417, "fair_value": 77.349128, "relative_strength": -5.304573, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.506045, "energy": 40.598918, "activity_lines": [ 82.506946, 88.510311, 93.521458, 92.486551 ] }, { "date": "2025-05-23", "close": 72.985596, "volume": 8621740, "typical_volume": 11659141.25, "trend": 90.075821, "fair_value": 77.320609, "relative_strength": -11.478004, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.48612, "energy": 49.681208, "activity_lines": [ 78.756092, 84.364952, 91.571384, 91.364498 ] }, { "date": "2025-05-30", "close": 74.131401, "volume": 7984904, "typical_volume": 11277731.15, "trend": 89.679071, "fair_value": 77.299899, "relative_strength": -9.172289, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.970119, "energy": 54.514074, "activity_lines": [ 76.487537, 81.417835, 89.768534, 90.335825 ] }, { "date": "2025-06-06", "close": 83.633652, "volume": 10778245, "typical_volume": 11135640.9, "trend": 89.384718, "fair_value": 77.340762, "relative_strength": 0.807458, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.851123, "energy": 42.890877, "activity_lines": [ 78.299747, 80.898094, 88.913745, 89.945798 ] }, { "date": "2025-06-13", "close": 78.639999, "volume": 11829156, "typical_volume": 11154759.25, "trend": 89.303211, "fair_value": 77.349091, "relative_strength": -4.610648, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -58.678036, "energy": 51.856366, "activity_lines": [ 78.318998, 79.867496, 87.610322, 89.252591 ] }, { "date": "2025-06-20", "close": 78.400002, "volume": 10960476, "typical_volume": 11573206.1, "trend": 89.348368, "fair_value": 77.477892, "relative_strength": -3.772887, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.075402, "energy": 46.637321, "activity_lines": [ 78.580624, 79.186669, 86.337126, 88.549158 ] }, { "date": "2025-06-27", "close": 86.0, "volume": 15784849, "typical_volume": 11934484.75, "trend": 89.556314, "fair_value": 77.644918, "relative_strength": 1.64217, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.66802, "energy": 24.115561, "activity_lines": [ 81.394581, 80.114279, 85.810214, 88.333134 ] }, { "date": "2025-07-04", "close": 81.629997, "volume": 10449114, "typical_volume": 11847372.95, "trend": 89.663371, "fair_value": 77.782553, "relative_strength": -4.821182, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.474435, "energy": 23.292648, "activity_lines": [ 81.884243, 80.310817, 84.89559, 87.821759 ] }, { "date": "2025-07-11", "close": 84.230003, "volume": 16704316, "typical_volume": 12017987.2, "trend": 89.87257, "fair_value": 77.916958, "relative_strength": -3.630055, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.760635, "energy": 19.752926, "activity_lines": [ 82.740667, 81.09284, 84.28154, 87.471219 ] }, { "date": "2025-07-18", "close": 86.879997, "volume": 17843046, "typical_volume": 11943906.7, "trend": 89.744707, "fair_value": 78.075331, "relative_strength": -2.751716, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.811803, "energy": 21.189065, "activity_lines": [ 84.440666, 82.310817, 84.009363, 87.27815 ] }, { "date": "2025-07-25", "close": 85.82, "volume": 9498105, "typical_volume": 11833161.95, "trend": 89.385934, "fair_value": 78.242247, "relative_strength": -6.237474, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.193599, "energy": 17.879535, "activity_lines": [ 85.237999, 83.27417, 83.674538, 87.024943 ] }, { "date": "2025-08-01", "close": 89.010002, "volume": 21336720, "typical_volume": 12126530.9, "trend": 89.653386, "fair_value": 78.446754, "relative_strength": -1.374519, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.22142, "energy": 13.02695, "activity_lines": [ 86.604, 84.687795, 83.72215, 87.000689 ] }, { "date": "2025-08-08", "close": 89.209999, "volume": 13087599, "typical_volume": 11757194.1, "trend": 89.85441, "fair_value": 78.665555, "relative_strength": -2.615776, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.453172, "energy": 14.527943, "activity_lines": [ 87.836, 85.84643, 83.971767, 86.972083 ] }, { "date": "2025-08-15", "close": 96.800003, "volume": 18499468, "typical_volume": 12187850.0, "trend": 90.104626, "fair_value": 78.934101, "relative_strength": 0.828228, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.13418, "energy": 40.069792, "activity_lines": [ 91.092668, 88.11091, 85.055692, 87.420186 ] }, { "date": "2025-08-22", "close": 103.459999, "volume": 29393116, "typical_volume": 13312651.8, "trend": 90.56038, "fair_value": 79.237362, "relative_strength": 2.798055, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 43.09683, "energy": 59.069014, "activity_lines": [ 95.731334, 91.346909, 86.815201, 88.281823 ] }, { "date": "2025-08-29", "close": 105.449997, "volume": 50487514, "typical_volume": 15290141.6, "trend": 91.304712, "fair_value": 79.538517, "relative_strength": 0.172082, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.520539, "energy": 60.583757, "activity_lines": [ 99.927999, 94.493454, 88.74908, 89.242444 ] }, { "date": "2025-09-05", "close": 97.809998, "volume": 20227081, "typical_volume": 15861104.65, "trend": 91.499038, "fair_value": 79.801239, "relative_strength": -6.396674, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.368535, "energy": 56.147552, "activity_lines": [ 100.269332, 95.75909, 89.885882, 89.662139 ] }, { "date": "2025-09-12", "close": 99.800003, "volume": 12320874, "typical_volume": 15940989.8, "trend": 91.734015, "fair_value": 80.046421, "relative_strength": -6.952307, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.324916, "energy": 46.001832, "activity_lines": [ 100.687333, 97.171818, 91.172595, 90.197686 ] }, { "date": "2025-09-19", "close": 108.690002, "volume": 25065946, "typical_volume": 16572497.8, "trend": 91.922903, "fair_value": 80.377984, "relative_strength": 0.07041, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.983294, "energy": 38.909863, "activity_lines": [ 103.362667, 99.870546, 93.248982, 91.29162 ] }, { "date": "2025-09-26", "close": 125.080002, "volume": 26495863, "typical_volume": 17448430.95, "trend": 92.928111, "fair_value": 80.795997, "relative_strength": 13.393002, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 82.974803, "energy": 65.910392, "activity_lines": [ 110.708668, 105.104546, 96.757834, 93.430788 ] }, { "date": "2025-10-03", "close": 110.449997, "volume": 10834699, "typical_volume": 17410141.55, "trend": 93.198713, "fair_value": 81.145538, "relative_strength": -2.336973, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.689008, "energy": 57.001573, "activity_lines": [ 111.736667, 106.984, 98.675235, 94.561232 ] }, { "date": "2025-10-10", "close": 101.300003, "volume": 7628061, "typical_volume": 17360457.6, "trend": 92.327682, "fair_value": 81.451906, "relative_strength": -9.39182, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.46675, "energy": 43.732, "activity_lines": [ 109.381334, 106.752001, 99.569947, 95.083896 ] }, { "date": "2025-10-17", "close": 90.760002, "volume": 15561092, "typical_volume": 17739267.0, "trend": 91.599198, "fair_value": 81.707994, "relative_strength": -14.47414, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 32.326634, "energy": 24.211442, "activity_lines": [ 103.280001, 104.380183, 99.326018, 94.982755 ] }, { "date": "2025-10-24", "close": 97.699997, "volume": 10145093, "typical_volume": 17707609.4, "trend": 91.340097, "fair_value": 82.007762, "relative_strength": -12.01735, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 31.329878, "energy": 19.497922, "activity_lines": [ 100.094667, 103.242, 99.663857, 95.376355 ] }, { "date": "2025-10-31", "close": 96.25, "volume": 12406395, "typical_volume": 17736471.35, "trend": 91.20585, "fair_value": 82.285984, "relative_strength": -13.694565, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.976946, "energy": 21.123121, "activity_lines": [ 97.158666, 101.823818, 99.796619, 95.693123 ] }, { "date": "2025-11-07", "close": 94.059998, "volume": 5898574, "typical_volume": 17483376.25, "trend": 91.312382, "fair_value": 82.557053, "relative_strength": -15.574224, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.426073, "energy": 18.705739, "activity_lines": [ 95.414666, 100.138545, 99.636952, 95.877262 ] }, { "date": "2025-11-14", "close": 88.459999, "volume": 5155948, "typical_volume": 16951931.2, "trend": 91.278013, "fair_value": 82.777741, "relative_strength": -19.312282, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 0.073324, "energy": 12.216042, "activity_lines": [ 92.896666, 97.642181, 98.869381, 95.693237 ] }, { "date": "2025-11-21", "close": 84.110001, "volume": 5263533, "typical_volume": 16692652.15, "trend": 91.153958, "fair_value": 82.949081, "relative_strength": -19.005427, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.805308, "energy": 27.350123, "activity_lines": [ 89.784666, 94.524909, 97.675809, 95.230785 ] }, { "date": "2025-11-28", "close": 91.400002, "volume": 7557557, "typical_volume": 16235314.2, "trend": 91.477041, "fair_value": 83.174037, "relative_strength": -14.914562, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.938367, "energy": 30.029155, "activity_lines": [ 89.546, 93.018364, 97.164714, 95.246659 ] }, { "date": "2025-12-05", "close": 101.769997, "volume": 36541013, "typical_volume": 17170212.55, "trend": 92.086854, "fair_value": 83.404828, "relative_strength": -6.542774, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.564213, "energy": 15.734492, "activity_lines": [ 93.183999, 93.711636, 97.607095, 95.91072 ] }, { "date": "2025-12-12", "close": 104.599998, "volume": 23738763, "typical_volume": 17882245.45, "trend": 92.950688, "fair_value": 83.670998, "relative_strength": -4.88094, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.278007, "energy": 16.243425, "activity_lines": [ 97.397332, 95.343272, 98.248095, 96.71802 ] }, { "date": "2025-12-19", "close": 102.599998, "volume": 14736036, "typical_volume": 17552211.25, "trend": 93.937835, "fair_value": 83.928953, "relative_strength": -5.705183, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.627152, "energy": 25.862146, "activity_lines": [ 100.241332, 96.717635, 98.60919, 97.340556 ] }, { "date": "2025-12-26", "close": 116.540001, "volume": 32366816, "typical_volume": 18516172.1, "trend": 95.351455, "fair_value": 84.301624, "relative_strength": 3.574516, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 72.397338, "energy": 52.389122, "activity_lines": [ 106.789332, 100.602908, 100.23319, 98.79876 ] }, { "date": "2026-01-02", "close": 107.519997, "volume": 12856613, "typical_volume": 18234029.35, "trend": 96.147666, "fair_value": 84.63376, "relative_strength": -3.832617, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.151075, "energy": 59.040369, "activity_lines": [ 108.168665, 102.379453, 100.867999, 99.583828 ] }, { "date": "2026-01-09", "close": 114.5, "volume": 19459076, "typical_volume": 17737327.35, "trend": 97.343, "fair_value": 85.022084, "relative_strength": -1.81866, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.626241, "energy": 68.244846, "activity_lines": [ 110.799999, 105.246544, 102.116523, 100.767849 ] }, { "date": "2026-01-16", "close": 113.989998, "volume": 20985684, "typical_volume": 16262235.85, "trend": 98.529333, "fair_value": 85.415163, "relative_strength": -3.175785, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.163929, "energy": 67.971625, "activity_lines": [ 112.412665, 107.68909, 103.263904, 101.841849 ] }, { "date": "2026-01-23", "close": 119.980003, "volume": 18041535, "typical_volume": 16152958.55, "trend": 99.662, "fair_value": 85.824417, "relative_strength": 0.890471, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.481512, "energy": 63.01692, "activity_lines": [ 115.396, 110.858363, 104.941095, 103.225763 ] }, { "date": "2026-01-30", "close": 108.879997, "volume": 13206526, "typical_volume": 16197241.15, "trend": 100.570333, "fair_value": 86.165033, "relative_strength": -6.823712, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.28497, "energy": 41.138827, "activity_lines": [ 113.520666, 111.436363, 105.455571, 103.820473 ] }, { "date": "2026-02-06", "close": 104.209999, "volume": 12038448, "typical_volume": 15545866.25, "trend": 101.236333, "fair_value": 86.457907, "relative_strength": -8.644679, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.022565, "energy": 26.483351, "activity_lines": [ 110.599333, 110.714908, 105.482047, 104.05529 ] }, { "date": "2026-02-13", "close": 117.730003, "volume": 17048306, "typical_volume": 15073488.4, "trend": 102.264667, "fair_value": 86.833315, "relative_strength": 1.858132, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.408417, "energy": 32.633002, "activity_lines": [ 112.405334, 112.218727, 106.817476, 105.119398 ] }, { "date": "2026-02-27", "close": 127.059998, "volume": 13027828, "typical_volume": 15183144.85, "trend": 103.639333, "fair_value": 87.191699, "relative_strength": 7.087985, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.184648, "energy": 37.845468, "activity_lines": [ 117.106, 115.128727, 109.076476, 106.719096 ] }, { "date": "2026-03-06", "close": 111.699997, "volume": 12604094, "typical_volume": 15431946.5, "trend": 104.395666, "fair_value": 87.495214, "relative_strength": -3.474357, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.56415, "energy": 29.360007, "activity_lines": [ 115.815332, 114.837636, 109.793523, 107.239139 ] }, { "date": "2026-03-13", "close": 119.449997, "volume": 21839706, "typical_volume": 15745877.2, "trend": 105.403666, "fair_value": 87.787911, "relative_strength": 2.700532, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.883042, "energy": 37.451426, "activity_lines": [ 117.659998, 115.790181, 111.199142, 108.210386 ] }, { "date": "2026-03-20", "close": 122.739998, "volume": 27863442, "typical_volume": 16631794.65, "trend": 106.268333, "fair_value": 88.094147, "relative_strength": 9.396222, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.979426, "energy": 37.516462, "activity_lines": [ 119.896665, 117.287999, 112.781475, 109.328859 ] }, { "date": "2026-03-27", "close": 132.300003, "volume": 29717876, "typical_volume": 17497368.7, "trend": 107.229666, "fair_value": 88.471638, "relative_strength": 19.084863, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.663058, "energy": 38.449486, "activity_lines": [ 124.084666, 120.247272, 115.155047, 111.008322 ] }, { "date": "2026-04-03", "close": 137.919998, "volume": 23739841, "typical_volume": 18389432.05, "trend": 108.312, "fair_value": 88.889, "relative_strength": 27.814442, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.079752, "energy": 59.024577, "activity_lines": [ 129.174666, 123.904726, 117.89219, 112.988343 ] }, { "date": "2026-04-10", "close": 105.852852, "volume": 37538667, "typical_volume": 20008568.0, "trend": 108.580095, "fair_value": 89.054695, "relative_strength": -7.962141, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.462201, "energy": 26.926234, "activity_lines": [ 122.851617, 121.2967, 117.366461, 112.829689 ] }, { "date": "2026-04-17", "close": 104.070816, "volume": 35520044, "typical_volume": 21521393.55, "trend": 108.722455, "fair_value": 89.203743, "relative_strength": -12.542406, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 23.233631, "energy": 12.636089, "activity_lines": [ 116.324366, 118.621524, 116.588192, 112.538767 ] }, { "date": "2026-04-24", "close": 112.596069, "volume": 37156456, "typical_volume": 23001338.5, "trend": 108.852657, "fair_value": 89.395617, "relative_strength": -5.358532, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 25.878411, "energy": 14.74692, "activity_lines": [ 113.664144, 117.583833, 116.5268, 112.788678 ] }, { "date": "2026-05-01", "close": 101.604485, "volume": 26460578, "typical_volume": 22497316.75, "trend": 108.07014, "fair_value": 89.52724, "relative_strength": -15.105919, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.00585, "energy": 21.083763, "activity_lines": [ 108.016323, 114.395199, 115.317657, 112.321054 ] }, { "date": "2026-05-08", "close": 113.565498, "volume": 22955619, "typical_volume": 22458159.55, "trend": 108.17399, "fair_value": 89.65049, "relative_strength": -7.679305, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.22215, "energy": 14.244002, "activity_lines": [ 108.401875, 113.674486, 115.248447, 112.675593 ] }, { "date": "2026-05-15", "close": 110.058456, "volume": 46318858, "typical_volume": 24037300.65, "trend": 108.465939, "fair_value": 89.88873, "relative_strength": -10.260743, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.643064, "energy": 10.298174, "activity_lines": [ 109.242045, 112.561483, 114.802539, 112.797172 ] }, { "date": "2026-05-22", "close": 117.542999, "volume": 38178691, "typical_volume": 24327894.4, "trend": 109.358705, "fair_value": 90.213365, "relative_strength": -4.333607, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.602976, "energy": 9.14715, "activity_lines": [ 112.29669, 112.839152, 115.033929, 113.382788 ] }, { "date": "2026-05-29", "close": 108.775391, "volume": 46075025, "typical_volume": 25988815.0, "trend": 109.727885, "fair_value": 90.465747, "relative_strength": -11.295927, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.470932, "energy": 5.120101, "activity_lines": [ 111.530653, 111.557384, 114.425532, 113.345155 ] }, { "date": "2026-06-05", "close": 96.85714, "volume": 6345875, "typical_volume": 25333154.95, "trend": 109.748123, "fair_value": 90.6045, "relative_strength": -19.463599, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.432921, "energy": 12.484432, "activity_lines": [ 107.046578, 108.362563, 112.676085, 112.514785 ] }, { "date": "2026-06-12", "close": 91.82, "volume": 4022084, "typical_volume": 24484974.95, "trend": 109.673456, "fair_value": 90.694487, "relative_strength": -21.460249, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -33.397768, "energy": 34.328892, "activity_lines": [ 101.199946, 104.896313, 110.530925, 111.358132 ] }, { "date": "2026-06-19", "close": 110.980003, "volume": 24949314, "typical_volume": 24830363.9, "trend": 110.424123, "fair_value": 90.912185, "relative_strength": -11.206635, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.665153, "energy": 31.797891, "activity_lines": [ 103.189681, 105.751883, 110.316098, 111.442425 ] }, { "date": "2026-06-26", "close": 100.330002, "volume": 4335295, "typical_volume": 24386802.35, "trend": 110.96479, "fair_value": 90.993234, "relative_strength": -18.165185, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -52.566098, "energy": 45.69877, "activity_lines": [ 101.56798, 104.577868, 109.129843, 110.791191 ] }, { "date": "2026-07-03", "close": 112.510002, "volume": 8193800, "typical_volume": 24194569.95, "trend": 111.668457, "fair_value": 91.135419, "relative_strength": -6.896424, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.031544, "energy": 23.507178, "activity_lines": [ 105.153811, 105.686413, 109.144301, 110.890882 ] }, { "date": "2026-07-10", "close": 122.830002, "volume": 65387461, "typical_volume": 26611527.7, "trend": 112.370457, "fair_value": 91.170436, "relative_strength": 5.261236, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -12.234615, "energy": 11.903704, "activity_lines": [ 111.930669, 108.672886, 110.102093, 111.610982 ] }, { "date": "2026-07-17", "close": 97.510002, "volume": 54376349, "typical_volume": 28678953.75, "trend": 112.134123, "fair_value": 91.149786, "relative_strength": -8.095844, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -40.087024, "energy": 17.213019, "activity_lines": [ 108.536002, 106.669805, 108.624171, 110.652243 ] }, { "date": "2026-07-24", "close": 107.410004, "volume": 53310113, "typical_volume": 30714254.7, "trend": 112.294457, "fair_value": 91.201464, "relative_strength": 0.777507, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -27.340362, "energy": 13.629225, "activity_lines": [ 108.062003, 106.758642, 108.229821, 110.347461 ] }, { "date": "2026-07-31", "close": 88.199997, "volume": 32330388, "typical_volume": 31238788.8, "trend": 111.34979, "fair_value": 91.128752, "relative_strength": -15.804531, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -56.533505, "energy": 27.782358, "activity_lines": [ 101.422668, 103.402904, 106.026374, 108.79298 ] }, { "date": "2026-08-07", "close": 95.68, "volume": 31480188, "typical_volume": 31419626.1, "trend": 110.955124, "fair_value": 91.178537, "relative_strength": -13.030217, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.384264, "energy": 40.579028, "activity_lines": [ 98.085334, 101.940676, 104.684118, 107.782026 ] } ], "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." } } }