{ "ticker": { "uuid": "55a41ee0-9e77-46b8-932b-1b8512c103d5", "symbol": "300766", "name": "Merit Interactive Co.,Ltd.", "exchange": "SHZ", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "399001.SZ", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -49.194, "architecture_energy": 44.449, "architecture_maturity": 94.428, "architecture_confidence": 91.292, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 19.26, "rotation_up": 27.66, "upward_expansion": 20.03, "deceleration": 46.75, "rotation_down": 41.22, "downward_expansion": 70.03 }, "activity_lines": [ 22.953333, 22.513454, 24.672666, 27.981075 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 24.639999, "trend_reference": 32.548666, "distance_from_trend": -0.24298, "trend_direction": "Weakening", "fair_value": 25.165128, "distance_from_fair_value": -0.020867, "fair_value_direction": "Weakening", "relative_strength": -32.08942, "relative_strength_direction": "Improving", "price_momentum": -0.417081, "excess_performance": -0.42448, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.24298, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.099298, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.020867, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.306131, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.320894, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.00138, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.417081, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.102895, "read": "Demand-led" } ], "volume": { "latest": 199877276, "relative_activity": 1.691329, "balance": 1.102895, "dry_up": 1.671619, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.126967, "annualized_volatility": 0.650551, "from_high_reference": -0.526154, "from_low_reference": 0.296842 }, "levels": { "trend_reference": 32.548666, "fair_value_reference": 25.165128, "structural_low": 19.0, "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": 25, "median_return": 0.006135, "positive_rate": 0.56, "directional_follow_through": 0.44, "median_excess_return": 0.02086, "regime_survival": 0.76, "best_return": 0.44877, "worst_return": -0.281041, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.079192, "positive_rate": 0.555556, "directional_follow_through": 0.444444, "median_excess_return": -0.004644, "regime_survival": 0.555556, "best_return": 0.475891, "worst_return": -0.19221, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.079365, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.033151, "regime_survival": 0.5, "best_return": 0.562842, "worst_return": -0.244904, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.056932, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": 0.069394, "regime_survival": 0.0, "best_return": 0.536563, "worst_return": -0.120017, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-01", "end": "2025-01-10", "tenure": "Developing", "return": 0.103693, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-17", "end": "2025-01-24", "tenure": "New", "return": 0.19595, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-31", "end": "2025-03-28", "tenure": "Developing", "return": 0.691286, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-04", "end": "2025-07-04", "tenure": "Established", "return": -0.15893, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-07-11", "end": "2025-07-25", "tenure": "New", "return": 0.101758, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-01", "end": "2025-08-15", "tenure": "New", "return": 0.164671, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-22", "end": "2025-10-10", "tenure": "Developing", "return": -0.210794, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-17", "end": "2025-10-31", "tenure": "New", "return": 0.004109, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-07", "end": "2025-12-05", "tenure": "Developing", "return": -0.062994, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-12", "end": "2026-01-23", "tenure": "Developing", "return": 0.387582, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-30", "end": "2026-03-27", "tenure": "Developing", "return": -0.191389, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-03", "end": "2026-05-08", "tenure": "Developing", "return": -0.123515, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-05-15", "end": "2026-05-22", "tenure": "New", "return": -0.072913, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-29", "end": "2026-08-07", "tenure": "Developing", "return": -0.010839, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 15.28, "volume": 41676309, "typical_volume": 111389064.25, "trend": 16.370769, "fair_value": 16.353073, "relative_strength": 11.165527, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -28.704955, "energy": 47.814491, "activity_lines": [ 15.816403, 16.678802, 17.645086, 17.406492 ] }, { "date": "2023-08-04", "close": 16.219999, "volume": 51652940, "typical_volume": 106635974.05, "trend": 16.562551, "fair_value": 16.22057, "relative_strength": 15.672281, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.137155, "energy": 41.443062, "activity_lines": [ 15.884647, 16.49586, 17.449018, 17.396765 ] }, { "date": "2023-08-11", "close": 15.44, "volume": 52884275, "typical_volume": 103055436.1, "trend": 16.708396, "fair_value": 16.099551, "relative_strength": 13.68616, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.061461, "energy": 45.60237, "activity_lines": [ 15.725333, 16.187197, 17.180697, 17.324342 ] }, { "date": "2023-08-18", "close": 14.43, "volume": 77548837, "typical_volume": 98653272.1, "trend": 16.829545, "fair_value": 15.969267, "relative_strength": 9.151555, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.464269, "energy": 50.086683, "activity_lines": [ 15.249333, 15.746019, 16.826679, 17.177349 ] }, { "date": "2023-08-25", "close": 16.5, "volume": 208777250, "typical_volume": 101420821.15, "trend": 16.99843, "fair_value": 15.86246, "relative_strength": 27.599422, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.506399, "energy": 24.666265, "activity_lines": [ 15.617333, 15.77407, 16.688905, 17.156088 ] }, { "date": "2023-09-01", "close": 18.049999, "volume": 209563096, "typical_volume": 99137860.35, "trend": 17.187747, "fair_value": 15.771802, "relative_strength": 33.601677, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -0.259097, "energy": 7.239773, "activity_lines": [ 16.442666, 16.128837, 16.728403, 17.223931 ] }, { "date": "2023-09-08", "close": 16.85, "volume": 178390691, "typical_volume": 98096624.1, "trend": 17.316796, "fair_value": 15.67193, "relative_strength": 25.591723, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.348742, "energy": 16.107427, "activity_lines": [ 16.683333, 16.270358, 16.676317, 17.202141 ] }, { "date": "2023-09-15", "close": 15.94, "volume": 80099059, "typical_volume": 94108545.45, "trend": 17.394246, "fair_value": 15.563816, "relative_strength": 19.359562, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.121821, "energy": 20.777074, "activity_lines": [ 16.578666, 16.243818, 16.553922, 17.113315 ] }, { "date": "2023-09-22", "close": 15.87, "volume": 66088814, "typical_volume": 92837730.5, "trend": 17.485312, "fair_value": 15.456774, "relative_strength": 17.343622, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.516199, "energy": 18.811871, "activity_lines": [ 16.417333, 16.200909, 16.440377, 17.014977 ] }, { "date": "2023-09-29", "close": 15.96, "volume": 41071800, "typical_volume": 87965188.65, "trend": 17.520566, "fair_value": 15.360453, "relative_strength": 17.698829, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.961406, "energy": 22.929943, "activity_lines": [ 16.19, 16.190182, 16.355622, 16.91657 ] }, { "date": "2023-10-13", "close": 15.44, "volume": 64221306, "typical_volume": 86802662.8, "trend": 17.542473, "fair_value": 15.260418, "relative_strength": 13.288664, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.995575, "energy": 32.667, "activity_lines": [ 15.825333, 16.078545, 16.231686, 16.78234 ] }, { "date": "2023-10-20", "close": 14.12, "volume": 45207844, "typical_volume": 86019435.55, "trend": 17.458246, "fair_value": 15.167455, "relative_strength": 8.078608, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -67.184794, "energy": 51.454134, "activity_lines": [ 15.194667, 15.724, 15.990916, 16.561535 ] }, { "date": "2023-10-27", "close": 14.93, "volume": 56271689, "typical_volume": 84257774.2, "trend": 17.367792, "fair_value": 15.069984, "relative_strength": 10.945041, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.763301, "energy": 50.342285, "activity_lines": [ 15.016, 15.554909, 15.841504, 16.398422 ] }, { "date": "2023-11-03", "close": 15.3, "volume": 114959504, "typical_volume": 85471820.6, "trend": 17.263089, "fair_value": 14.97349, "relative_strength": 11.76072, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.454415, "energy": 45.923552, "activity_lines": [ 15.028, 15.462364, 15.743148, 16.265016 ] }, { "date": "2023-11-10", "close": 16.139999, "volume": 165687554, "typical_volume": 87623142.25, "trend": 17.043509, "fair_value": 14.893539, "relative_strength": 15.354497, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.491185, "energy": 28.426794, "activity_lines": [ 15.358, 15.506727, 15.744971, 16.192559 ] }, { "date": "2023-11-17", "close": 17.129999, "volume": 130843305, "typical_volume": 90904613.85, "trend": 16.853939, "fair_value": 14.821455, "relative_strength": 21.129064, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.951416, "energy": 10.146058, "activity_lines": [ 16.005999, 15.737636, 15.854552, 16.198139 ] }, { "date": "2023-11-24", "close": 16.59, "volume": 99700564, "typical_volume": 92429907.4, "trend": 16.730766, "fair_value": 14.75859, "relative_strength": 17.808389, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.768989, "energy": 15.139465, "activity_lines": [ 16.361333, 15.887091, 15.918379, 16.181111 ] }, { "date": "2023-12-01", "close": 17.15, "volume": 87479110, "typical_volume": 94197736.0, "trend": 16.662478, "fair_value": 14.69234, "relative_strength": 21.987999, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.166906, "energy": 19.375491, "activity_lines": [ 16.738666, 16.143091, 16.036095, 16.208158 ] }, { "date": "2023-12-08", "close": 17.26, "volume": 117249291, "typical_volume": 97047438.35, "trend": 16.567287, "fair_value": 14.620139, "relative_strength": 23.522735, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.075112, "energy": 28.096345, "activity_lines": [ 17.004666, 16.397091, 16.157571, 16.246708 ] }, { "date": "2023-12-15", "close": 17.049999, "volume": 120771869, "typical_volume": 100507255.35, "trend": 16.531217, "fair_value": 14.553882, "relative_strength": 23.023506, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.506375, "energy": 32.194384, "activity_lines": [ 17.07, 16.587636, 16.256571, 16.277851 ] }, { "date": "2023-12-22", "close": 15.18, "volume": 90413537, "typical_volume": 102944116.75, "trend": 16.460394, "fair_value": 14.478428, "relative_strength": 10.519069, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.772378, "energy": 13.445535, "activity_lines": [ 16.451333, 16.418363, 16.170619, 16.190675 ] }, { "date": "2023-12-29", "close": 15.43, "volume": 56688482, "typical_volume": 103195893.85, "trend": 16.404549, "fair_value": 14.405211, "relative_strength": 7.970381, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.096878, "energy": 16.167321, "activity_lines": [ 16.046, 16.299272, 16.108952, 16.124198 ] }, { "date": "2024-01-05", "close": 14.65, "volume": 30321000, "typical_volume": 102067730.1, "trend": 16.284492, "fair_value": 14.341702, "relative_strength": 6.312996, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.150574, "energy": 29.534769, "activity_lines": [ 15.458, 16.014545, 15.976762, 16.011002 ] }, { "date": "2024-01-12", "close": 13.85, "volume": 39153800, "typical_volume": 100147978.25, "trend": 16.094906, "fair_value": 14.320614, "relative_strength": 1.092128, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -66.712684, "energy": 50.962045, "activity_lines": [ 14.77, 15.589454, 15.772143, 15.853938 ] }, { "date": "2024-01-19", "close": 12.85, "volume": 33983000, "typical_volume": 91408265.75, "trend": 15.890927, "fair_value": 14.302054, "relative_strength": -4.56288, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.347672, "energy": 73.231614, "activity_lines": [ 13.976, 15.008909, 15.475047, 15.644589 ] }, { "date": "2024-01-26", "close": 12.67, "volume": 42429155, "typical_volume": 83051568.7, "trend": 15.702544, "fair_value": 14.278728, "relative_strength": -6.241184, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.544495, "energy": 77.618326, "activity_lines": [ 13.402, 14.455454, 15.17819, 15.436787 ] }, { "date": "2024-02-02", "close": 10.01, "volume": 45225518, "typical_volume": 76393310.05, "trend": 15.479324, "fair_value": 14.239174, "relative_strength": -19.716947, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.373487, "energy": 89.25934, "activity_lines": [ 12.108667, 13.499454, 14.653619, 15.069526 ] }, { "date": "2024-02-09", "close": 9.36, "volume": 72458685, "typical_volume": 76011291.35, "trend": 15.266667, "fair_value": 14.19558, "relative_strength": -31.469138, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.995879, "energy": 93.463261, "activity_lines": [ 10.96, 12.544909, 14.099714, 14.674731 ] }, { "date": "2024-02-23", "close": 11.54, "volume": 68082928, "typical_volume": 76110997.05, "trend": 15.093333, "fair_value": 14.166531, "relative_strength": -18.018142, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.064503, "energy": 83.856746, "activity_lines": [ 10.890667, 12.128364, 13.784762, 14.434301 ] }, { "date": "2024-03-01", "close": 14.7, "volume": 203581864, "typical_volume": 84236500.25, "trend": 15.063, "fair_value": 14.160465, "relative_strength": -0.10274, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.92281, "energy": 48.650516, "activity_lines": [ 12.028667, 12.390364, 13.791381, 14.408925 ] }, { "date": "2024-03-08", "close": 15.0, "volume": 237010139, "typical_volume": 92875941.9, "trend": 15.053667, "fair_value": 14.169129, "relative_strength": 2.038795, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.394663, "energy": 23.306817, "activity_lines": [ 13.143333, 12.749636, 13.832571, 14.40486 ] }, { "date": "2024-03-15", "close": 13.92, "volume": 121589934, "typical_volume": 96695046.4, "trend": 14.977, "fair_value": 14.168143, "relative_strength": -7.923813, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.826644, "energy": 25.688943, "activity_lines": [ 13.742667, 12.915818, 13.773, 14.33172 ] }, { "date": "2024-03-22", "close": 14.98, "volume": 155205921, "typical_volume": 101641758.0, "trend": 14.961667, "fair_value": 14.168183, "relative_strength": -0.756087, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -12.045818, "energy": 24.947235, "activity_lines": [ 14.434667, 13.302182, 13.815333, 14.331914 ] }, { "date": "2024-03-29", "close": 13.56, "volume": 164640925, "typical_volume": 104125829.05, "trend": 14.932667, "fair_value": 14.15874, "relative_strength": -8.55226, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.00848, "energy": 21.167725, "activity_lines": [ 14.278667, 13.424364, 13.72219, 14.241484 ] }, { "date": "2024-04-05", "close": 12.51, "volume": 44081424, "typical_volume": 98045522.55, "trend": 14.799667, "fair_value": 14.138571, "relative_strength": -16.696421, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.088269, "energy": 17.650355, "activity_lines": [ 13.638, 13.360909, 13.537333, 14.085183 ] }, { "date": "2024-04-12", "close": 11.73, "volume": 59969120, "typical_volume": 94501813.3, "trend": 14.589, "fair_value": 14.114735, "relative_strength": -18.912325, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.658187, "energy": 29.93588, "activity_lines": [ 12.883333, 13.161818, 13.295476, 13.88714 ] }, { "date": "2024-04-19", "close": 10.77, "volume": 68039309, "typical_volume": 92918750.55, "trend": 14.386333, "fair_value": 14.083983, "relative_strength": -25.282822, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.378112, "energy": 52.456724, "activity_lines": [ 12.026667, 12.805273, 12.987905, 13.640753 ] }, { "date": "2024-04-26", "close": 11.48, "volume": 38407380, "typical_volume": 90465164.05, "trend": 14.237667, "fair_value": 14.067547, "relative_strength": -21.206471, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.274701, "energy": 59.243443, "activity_lines": [ 11.616667, 12.564, 12.775667, 13.453247 ] }, { "date": "2024-05-03", "close": 11.81, "volume": 21221140, "typical_volume": 85663756.5, "trend": 14.102333, "fair_value": 14.051831, "relative_strength": -19.440118, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.725572, "energy": 58.828187, "activity_lines": [ 11.55, 12.344182, 12.621857, 13.296624 ] }, { "date": "2024-05-10", "close": 13.75, "volume": 93037627, "typical_volume": 84277044.4, "trend": 14.028667, "fair_value": 14.047536, "relative_strength": -7.26902, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.100169, "energy": 30.499321, "activity_lines": [ 12.246667, 12.472182, 12.678762, 13.273892 ] }, { "date": "2024-05-17", "close": 12.0, "volume": 146124832, "typical_volume": 87062609.15, "trend": 13.914, "fair_value": 14.031644, "relative_strength": -18.308597, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.781894, "energy": 26.228147, "activity_lines": [ 12.277333, 12.299273, 12.584714, 13.143011 ] }, { "date": "2024-05-24", "close": 11.26, "volume": 93443343, "typical_volume": 88900352.2, "trend": 13.818667, "fair_value": 14.015192, "relative_strength": -20.572389, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.470425, "energy": 28.1402, "activity_lines": [ 12.043333, 12.046364, 12.435333, 12.971785 ] }, { "date": "2024-05-31", "close": 11.18, "volume": 72436693, "typical_volume": 91006136.85, "trend": 13.693667, "fair_value": 14.005581, "relative_strength": -20.256267, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.478555, "energy": 31.465903, "activity_lines": [ 11.75, 11.827273, 12.29819, 12.801548 ] }, { "date": "2024-06-07", "close": 10.02, "volume": 67089410, "typical_volume": 92402917.35, "trend": 13.517667, "fair_value": 13.9879, "relative_strength": -27.237257, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.205859, "energy": 61.180148, "activity_lines": [ 11.09, 11.466364, 12.067095, 12.564538 ] }, { "date": "2024-06-14", "close": 10.39, "volume": 33343569, "typical_volume": 92370945.8, "trend": 13.326, "fair_value": 13.969739, "relative_strength": -23.995321, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.108937, "energy": 66.068827, "activity_lines": [ 10.672667, 11.237091, 11.889476, 12.362753 ] }, { "date": "2024-06-21", "close": 10.04, "volume": 38901171, "typical_volume": 92194546.6, "trend": 13.089667, "fair_value": 13.950411, "relative_strength": -24.345486, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.753, "energy": 70.393734, "activity_lines": [ 10.362667, 10.982727, 11.690238, 12.150753 ] }, { "date": "2024-06-28", "close": 9.89, "volume": 58866080, "typical_volume": 92876574.7, "trend": 12.866333, "fair_value": 13.930439, "relative_strength": -23.089625, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.674658, "energy": 74.2322, "activity_lines": [ 10.133333, 10.731818, 11.489238, 11.944323 ] }, { "date": "2024-07-05", "close": 9.9, "volume": 53151444, "typical_volume": 91911212.65, "trend": 12.624667, "fair_value": 13.908312, "relative_strength": -21.114909, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.527672, "energy": 68.960904, "activity_lines": [ 9.998667, 10.498727, 11.289762, 11.752946 ] }, { "date": "2024-07-12", "close": 9.59, "volume": 43245776, "typical_volume": 90669355.05, "trend": 12.369, "fair_value": 13.871075, "relative_strength": -24.518749, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.356262, "energy": 65.073404, "activity_lines": [ 9.846, 10.238, 11.05819, 11.557161 ] }, { "date": "2024-07-19", "close": 9.22, "volume": 34217700, "typical_volume": 82201146.85, "trend": 12.108, "fair_value": 13.839137, "relative_strength": -27.432888, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.03083, "energy": 69.121768, "activity_lines": [ 9.598667, 9.950364, 10.800667, 11.354 ] }, { "date": "2024-07-26", "close": 9.28, "volume": 32472225, "typical_volume": 71974251.15, "trend": 11.911333, "fair_value": 13.806501, "relative_strength": -23.918181, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.975753, "energy": 62.661945, "activity_lines": [ 9.449333, 9.756, 10.574952, 11.171548 ] }, { "date": "2024-08-02", "close": 9.54, "volume": 33190250, "typical_volume": 67554266.95, "trend": 11.715, "fair_value": 13.770316, "relative_strength": -21.03592, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.066964, "energy": 52.65797, "activity_lines": [ 9.437333, 9.658364, 10.401238, 11.018559 ] }, { "date": "2024-08-09", "close": 9.05, "volume": 38541633, "typical_volume": 61721052.55, "trend": 11.528333, "fair_value": 13.733535, "relative_strength": -23.353844, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.559935, "energy": 64.652521, "activity_lines": [ 9.285333, 9.502909, 10.201714, 10.846624 ] }, { "date": "2024-08-16", "close": 9.38, "volume": 35233500, "typical_volume": 55250681.3, "trend": 11.379333, "fair_value": 13.69855, "relative_strength": -19.791193, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.505519, "energy": 53.777078, "activity_lines": [ 9.3, 9.446182, 10.061857, 10.708022 ] }, { "date": "2024-08-23", "close": 8.99, "volume": 34616500, "typical_volume": 54777435.1, "trend": 11.250667, "fair_value": 13.66781, "relative_strength": -21.191349, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.163033, "energy": 55.21392, "activity_lines": [ 9.198667, 9.330182, 9.904762, 10.553871 ] }, { "date": "2024-08-30", "close": 10.06, "volume": 122183107, "typical_volume": 57888134.45, "trend": 11.163667, "fair_value": 13.650927, "relative_strength": -13.362101, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.459035, "energy": 36.106633, "activity_lines": [ 9.469333, 9.434182, 9.866333, 10.477054 ] }, { "date": "2024-09-06", "close": 9.76, "volume": 125411425, "typical_volume": 60756740.25, "trend": 11.155333, "fair_value": 13.632438, "relative_strength": -13.180868, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.346697, "energy": 28.15569, "activity_lines": [ 9.588, 9.483273, 9.807286, 10.386495 ] }, { "date": "2024-09-13", "close": 9.89, "volume": 82211374, "typical_volume": 62946939.95, "trend": 11.173, "fair_value": 13.61173, "relative_strength": -9.792116, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.50779, "energy": 21.90447, "activity_lines": [ 9.735333, 9.558364, 9.765429, 10.30486 ] }, { "date": "2024-09-20", "close": 10.13, "volume": 50755680, "typical_volume": 64423666.95, "trend": 11.126, "fair_value": 13.59625, "relative_strength": -8.156724, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.994528, "energy": 21.014809, "activity_lines": [ 9.906667, 9.677273, 9.754, 10.23757 ] }, { "date": "2024-09-27", "close": 11.95, "volume": 121715592, "typical_volume": 65857565.2, "trend": 11.034333, "fair_value": 13.590146, "relative_strength": -7.639556, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 15.921061, "energy": 23.72476, "activity_lines": [ 10.634667, 10.117273, 9.923905, 10.290731 ] }, { "date": "2024-10-04", "close": 14.14, "volume": 49466825, "typical_volume": 61024664.85, "trend": 11.005667, "fair_value": 13.594963, "relative_strength": -0.943764, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 51.803527, "energy": 65.375096, "activity_lines": [ 11.895333, 10.905818, 10.310952, 10.491097 ] }, { "date": "2024-10-11", "close": 13.39, "volume": 166113537, "typical_volume": 64658174.55, "trend": 10.988, "fair_value": 13.589819, "relative_strength": -1.478552, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.55651, "energy": 66.688967, "activity_lines": [ 12.634, 11.469636, 10.616381, 10.644925 ] }, { "date": "2024-10-18", "close": 14.78, "volume": 132289161, "typical_volume": 67650797.95, "trend": 10.981333, "fair_value": 13.598612, "relative_strength": 5.791667, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 56.139197, "energy": 79.373339, "activity_lines": [ 13.594, 12.216182, 11.044048, 10.88957 ] }, { "date": "2024-10-25", "close": 14.73, "volume": 117078279, "typical_volume": 70150241.4, "trend": 11.020333, "fair_value": 13.609056, "relative_strength": 2.96067, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 75.523487, "energy": 87.882212, "activity_lines": [ 14.211333, 12.849455, 11.44981, 11.131419 ] }, { "date": "2024-11-01", "close": 14.08, "volume": 155874363, "typical_volume": 76276781.1, "trend": 11.072667, "fair_value": 13.617624, "relative_strength": 0.223747, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.352926, "energy": 75.912142, "activity_lines": [ 14.305333, 13.267273, 11.771238, 11.328817 ] }, { "date": "2024-11-08", "close": 14.9, "volume": 114145747, "typical_volume": 80039009.9, "trend": 11.178333, "fair_value": 13.628267, "relative_strength": -0.339197, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.084188, "energy": 71.126549, "activity_lines": [ 14.530667, 13.741636, 12.15319, 11.575742 ] }, { "date": "2024-11-15", "close": 16.120001, "volume": 195699333, "typical_volume": 86880672.55, "trend": 11.356667, "fair_value": 13.648258, "relative_strength": 12.150644, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.694835, "energy": 62.098653, "activity_lines": [ 15.112, 14.349818, 12.628191, 11.894559 ] }, { "date": "2024-11-22", "close": 14.82, "volume": 169474409, "typical_volume": 92696820.8, "trend": 11.468, "fair_value": 13.66545, "relative_strength": 6.625736, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.940285, "energy": 51.39304, "activity_lines": [ 15.078, 14.606, 12.949714, 12.118 ] }, { "date": "2024-11-29", "close": 15.49, "volume": 126926430, "typical_volume": 96880853.5, "trend": 11.590667, "fair_value": 13.679048, "relative_strength": 9.988895, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.526172, "energy": 51.850909, "activity_lines": [ 15.264667, 14.894364, 13.311619, 12.377484 ] }, { "date": "2024-12-06", "close": 16.82, "volume": 219870153, "typical_volume": 106163476.15, "trend": 11.693, "fair_value": 13.695828, "relative_strength": 17.795818, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.340625, "energy": 56.456583, "activity_lines": [ 15.844, 15.327091, 13.772095, 12.71486 ] }, { "date": "2024-12-13", "close": 16.870001, "volume": 173674407, "typical_volume": 113223585.25, "trend": 11.855333, "fair_value": 13.709811, "relative_strength": 19.411583, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.014621, "energy": 54.257471, "activity_lines": [ 16.257334, 15.680364, 14.201143, 13.04886 ] }, { "date": "2024-12-20", "close": 16.379999, "volume": 132858397, "typical_volume": 118206992.6, "trend": 12.026, "fair_value": 13.723261, "relative_strength": 17.141985, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.492718, "energy": 50.247946, "activity_lines": [ 16.376, 15.894909, 14.547381, 13.340774 ] }, { "date": "2024-12-27", "close": 15.51, "volume": 126837372, "typical_volume": 122621779.55, "trend": 12.170333, "fair_value": 13.731453, "relative_strength": 11.09218, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.606005, "energy": 46.073225, "activity_lines": [ 16.187333, 15.896909, 14.778191, 13.565548 ] }, { "date": "2025-01-03", "close": 14.71, "volume": 277483117, "typical_volume": 134734260.4, "trend": 12.326667, "fair_value": 13.715239, "relative_strength": 13.706534, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.716447, "energy": 32.183004, "activity_lines": [ 15.686, 15.740182, 14.902048, 13.729398 ] }, { "date": "2025-01-10", "close": 15.54, "volume": 447060986, "typical_volume": 155356484.7, "trend": 12.498333, "fair_value": 13.714843, "relative_strength": 21.399866, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.911705, "energy": 25.324484, "activity_lines": [ 15.513333, 15.734727, 15.079571, 13.93671 ] }, { "date": "2025-01-17", "close": 16.790001, "volume": 305104314, "typical_volume": 164502545.05, "trend": 12.723333, "fair_value": 13.71877, "relative_strength": 26.238975, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.472497, "energy": 27.786689, "activity_lines": [ 15.842667, 15.93, 15.344953, 14.213592 ] }, { "date": "2025-01-24", "close": 20.08, "volume": 358092255, "typical_volume": 176136586.55, "trend": 13.063, "fair_value": 13.749958, "relative_strength": 47.985806, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 77.400879, "energy": 48.073213, "activity_lines": [ 17.274, 16.689091, 15.891619, 14.688215 ] }, { "date": "2025-01-31", "close": 24.1, "volume": 20213502, "typical_volume": 173036692.95, "trend": 13.536333, "fair_value": 13.805007, "relative_strength": 77.600753, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.505427, "energy": 85.120425, "activity_lines": [ 19.798667, 18.107091, 16.772, 15.40028 ] }, { "date": "2025-02-07", "close": 39.939999, "volume": 268346493, "typical_volume": 183916233.6, "trend": 14.548, "fair_value": 13.960385, "relative_strength": 172.698829, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 96.363537, "energy": 97.846896, "activity_lines": [ 27.030666, 22.236364, 19.093286, 17.103742 ] }, { "date": "2025-02-14", "close": 51.009998, "volume": 769693099, "typical_volume": 216315108.95, "trend": 15.941, "fair_value": 14.188124, "relative_strength": 225.983933, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 97.765657, "energy": 98.924236, "activity_lines": [ 36.270666, 27.933818, 22.326905, 19.456129 ] }, { "date": "2025-02-21", "close": 60.48, "volume": 726037156, "typical_volume": 250143625.5, "trend": 17.647667, "fair_value": 14.467917, "relative_strength": 257.990907, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 98.119435, "energy": 99.218901, "activity_lines": [ 46.302666, 34.731454, 26.276428, 22.329613 ] }, { "date": "2025-02-28", "close": 53.330002, "volume": 463198337, "typical_volume": 264997865.5, "trend": 19.107333, "fair_value": 14.720071, "relative_strength": 213.380736, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.442427, "energy": 91.99925, "activity_lines": [ 51.038667, 39.436182, 29.324333, 24.631699 ] }, { "date": "2025-03-07", "close": 50.5, "volume": 487861408, "typical_volume": 282776477.85, "trend": 20.489, "fair_value": 14.936143, "relative_strength": 180.12322, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.472499, "energy": 86.32838, "activity_lines": [ 52.614667, 42.954545, 31.912524, 26.657032 ] }, { "date": "2025-03-14", "close": 46.029999, "volume": 273655412, "typical_volume": 290605334.5, "trend": 21.710667, "fair_value": 15.119426, "relative_strength": 144.437671, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.665537, "energy": 67.245564, "activity_lines": [ 50.940667, 45.024, 33.904905, 28.304839 ] }, { "date": "2025-03-21", "close": 49.009998, "volume": 395919834, "typical_volume": 302607608.05, "trend": 23.044667, "fair_value": 15.32582, "relative_strength": 158.588545, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.496658, "energy": 62.411822, "activity_lines": [ 49.853999, 47.065818, 36.032047, 30.066086 ] }, { "date": "2025-03-28", "close": 40.759998, "volume": 292573307, "typical_volume": 311528986.05, "trend": 24.068, "fair_value": 15.486518, "relative_strength": 111.189072, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.838989, "energy": 44.609551, "activity_lines": [ 46.150665, 46.99909, 37.207142, 31.20901 ] }, { "date": "2025-04-04", "close": 39.639999, "volume": 151384248, "typical_volume": 309313231.8, "trend": 25.064, "fair_value": 15.641182, "relative_strength": 104.734259, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.816013, "energy": 33.054073, "activity_lines": [ 43.388665, 46.292908, 38.152428, 32.213656 ] }, { "date": "2025-04-11", "close": 35.73, "volume": 271458736, "typical_volume": 314412448.15, "trend": 25.925333, "fair_value": 15.7732, "relative_strength": 89.891272, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.203344, "energy": 24.734175, "activity_lines": [ 40.235999, 44.520181, 38.613333, 32.901785 ] }, { "date": "2025-04-18", "close": 34.919998, "volume": 160894378, "typical_volume": 316110845.55, "trend": 26.751666, "fair_value": 15.902124, "relative_strength": 82.176313, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.918855, "energy": 26.54142, "activity_lines": [ 37.797999, 42.388726, 38.897523, 33.482086 ] }, { "date": "2025-04-25", "close": 36.110001, "volume": 289005871, "typical_volume": 319567631.45, "trend": 27.557, "fair_value": 16.036959, "relative_strength": 81.487612, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.408331, "energy": 23.548753, "activity_lines": [ 36.497333, 40.564908, 39.202523, 34.085849 ] }, { "date": "2025-05-02", "close": 40.060001, "volume": 257254290, "typical_volume": 323746625.6, "trend": 28.421, "fair_value": 16.20494, "relative_strength": 96.392293, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.211794, "energy": 17.450446, "activity_lines": [ 37.373333, 39.730181, 39.791857, 34.892494 ] }, { "date": "2025-05-09", "close": 38.110001, "volume": 221629905, "typical_volume": 328185201.0, "trend": 29.245, "fair_value": 16.368628, "relative_strength": 78.723839, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.62092, "energy": 14.681247, "activity_lines": [ 37.646001, 38.912182, 40.085047, 35.517591 ] }, { "date": "2025-05-16", "close": 40.93, "volume": 271854699, "typical_volume": 335436067.35, "trend": 30.116667, "fair_value": 16.553383, "relative_strength": 86.217404, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.235989, "energy": 18.903172, "activity_lines": [ 38.960667, 38.883636, 40.543333, 36.271462 ] }, { "date": "2025-05-23", "close": 36.41, "volume": 194592070, "typical_volume": 331291515.0, "trend": 30.839333, "fair_value": 16.716862, "relative_strength": 62.943378, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.540432, "energy": 19.464669, "activity_lines": [ 38.422, 38.207273, 40.450095, 36.677484 ] }, { "date": "2025-05-30", "close": 34.450001, "volume": 135082160, "typical_volume": 315692573.7, "trend": 31.518333, "fair_value": 16.868921, "relative_strength": 52.6041, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 3.613991, "energy": 9.309171, "activity_lines": [ 37.130667, 37.349455, 40.066857, 36.91043 ] }, { "date": "2025-06-06", "close": 37.389999, "volume": 145771238, "typical_volume": 307725919.9, "trend": 32.268, "fair_value": 17.03601, "relative_strength": 59.762758, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 12.482219, "energy": 12.7372, "activity_lines": [ 36.93, 37.290909, 39.873571, 37.289247 ] }, { "date": "2025-06-13", "close": 34.029999, "volume": 144345730, "typical_volume": 297038593.65, "trend": 32.865, "fair_value": 17.180733, "relative_strength": 43.600187, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -3.916292, "energy": 20.754953, "activity_lines": [ 35.787333, 36.682727, 39.26219, 37.402924 ] }, { "date": "2025-06-20", "close": 32.59, "volume": 95533108, "typical_volume": 300804573.95, "trend": 33.457333, "fair_value": 17.317434, "relative_strength": 36.718722, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -10.414708, "energy": 34.101212, "activity_lines": [ 34.436666, 35.914727, 38.447238, 37.385183 ] }, { "date": "2025-06-27", "close": 34.689999, "volume": 132716882, "typical_volume": 294023093.4, "trend": 34.097333, "fair_value": 17.466388, "relative_strength": 37.816102, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -2.147877, "energy": 29.751095, "activity_lines": [ 34.341999, 35.585636, 37.791857, 37.464709 ] }, { "date": "2025-07-04", "close": 33.34, "volume": 87027105, "typical_volume": 259889793.7, "trend": 34.648, "fair_value": 17.60707, "relative_strength": 28.735347, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -34.126535, "energy": 44.247175, "activity_lines": [ 33.912, 35.015272, 37.032905, 37.415849 ] }, { "date": "2025-07-11", "close": 34.689999, "volume": 116615799, "typical_volume": 229418725.85, "trend": 35.242, "fair_value": 17.754624, "relative_strength": 29.420479, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.294149, "energy": 41.331656, "activity_lines": [ 34.005999, 34.740727, 36.486666, 37.418559 ] }, { "date": "2025-07-18", "close": 36.84, "volume": 241164597, "typical_volume": 218317038.85, "trend": 35.924, "fair_value": 17.91577, "relative_strength": 32.323468, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -14.814694, "energy": 16.561651, "activity_lines": [ 34.996666, 34.954727, 36.268, 37.521656 ] }, { "date": "2025-07-25", "close": 38.220001, "volume": 201504536, "typical_volume": 203999195.25, "trend": 36.681, "fair_value": 18.085252, "relative_strength": 31.826076, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -2.527677, "energy": 7.43048, "activity_lines": [ 36.26, 35.442727, 36.259286, 37.669785 ] }, { "date": "2025-08-01", "close": 37.59, "volume": 203839628, "typical_volume": 200508406.05, "trend": 37.443666, "fair_value": 18.253114, "relative_strength": 29.527535, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 0.455414, "energy": 12.214286, "activity_lines": [ 36.938, 35.865454, 36.249047, 37.72843 ] }, { "date": "2025-08-08", "close": 37.049999, "volume": 219210206, "typical_volume": 191672924.65, "trend": 38.160666, "fair_value": 18.422307, "relative_strength": 24.057178, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.596465, "energy": 22.291919, "activity_lines": [ 37.242666, 36.168545, 36.227571, 37.703032 ] }, { "date": "2025-08-15", "close": 43.779999, "volume": 442336671, "typical_volume": 199161092.85, "trend": 39.060333, "fair_value": 18.627484, "relative_strength": 37.613432, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 35.368992, "energy": 32.497447, "activity_lines": [ 39.543333, 37.648, 36.904, 38.06557 ] }, { "date": "2025-08-22", "close": 49.099998, "volume": 415412633, "typical_volume": 212362512.1, "trend": 40.027666, "fair_value": 18.865613, "relative_strength": 44.607647, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 47.265004, "energy": 60.773434, "activity_lines": [ 43.011332, 39.978545, 38.072714, 38.71329 ] }, { "date": "2025-08-29", "close": 44.23, "volume": 314788142, "typical_volume": 214528982.4, "trend": 40.698666, "fair_value": 19.071566, "relative_strength": 22.896186, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 26.511239, "energy": 55.833759, "activity_lines": [ 44.038666, 41.149636, 38.732571, 38.984408 ] }, { "date": "2025-09-05", "close": 40.849998, "volume": 174849490, "typical_volume": 215226738.0, "trend": 40.729, "fair_value": 19.255086, "relative_strength": 12.891011, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.46106, "energy": 54.469424, "activity_lines": [ 43.538665, 41.494545, 39.030047, 38.994172 ] }, { "date": "2025-09-12", "close": 43.619999, "volume": 208368552, "typical_volume": 211194872.05, "trend": 40.482666, "fair_value": 19.458598, "relative_strength": 15.779757, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.31089, "energy": 46.209043, "activity_lines": [ 43.744665, 42.23109, 39.563095, 39.180688 ] }, { "date": "2025-09-19", "close": 40.900002, "volume": 143991112, "typical_volume": 205531713.15, "trend": 39.83, "fair_value": 19.649211, "relative_strength": 6.030184, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 25.179436, "energy": 21.270133, "activity_lines": [ 42.606, 42.286181, 39.801333, 39.207613 ] }, { "date": "2025-09-26", "close": 43.169998, "volume": 195360380, "typical_volume": 204218236.9, "trend": 39.491333, "fair_value": 19.853162, "relative_strength": 9.311185, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 16.44253, "energy": 14.299485, "activity_lines": [ 42.415999, 42.64109, 40.251761, 39.423096 ] }, { "date": "2025-10-03", "close": 43.48, "volume": 96748485, "typical_volume": 195462926.2, "trend": 39.257333, "fair_value": 20.061719, "relative_strength": 6.233007, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 43.96624, "energy": 25.513819, "activity_lines": [ 42.724666, 42.937272, 40.707619, 39.68043 ] }, { "date": "2025-10-10", "close": 38.75, "volume": 78426627, "typical_volume": 189654654.05, "trend": 39.014666, "fair_value": 20.243534, "relative_strength": -5.05843, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 29.402203, "energy": 15.559273, "activity_lines": [ 41.506666, 42.277818, 40.700857, 39.647699 ] }, { "date": "2025-10-17", "close": 36.509998, "volume": 90282510, "typical_volume": 187414671.55, "trend": 38.598, "fair_value": 20.414633, "relative_strength": -6.699703, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.412571, "energy": 12.065716, "activity_lines": [ 39.681999, 41.189999, 40.469618, 39.486107 ] }, { "date": "2025-10-24", "close": 35.259998, "volume": 86616825, "typical_volume": 184456950.9, "trend": 38.414666, "fair_value": 20.579891, "relative_strength": -14.637939, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.924267, "energy": 21.527676, "activity_lines": [ 37.914665, 39.884726, 40.109523, 39.270752 ] }, { "date": "2025-10-31", "close": 36.66, "volume": 98382089, "typical_volume": 182158768.85, "trend": 38.315333, "fair_value": 20.751057, "relative_strength": -12.592905, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.491209, "energy": 25.394205, "activity_lines": [ 36.989999, 38.988908, 39.892904, 39.157548 ] }, { "date": "2025-11-07", "close": 35.400002, "volume": 78715917, "typical_volume": 181317909.3, "trend": 38.304333, "fair_value": 20.913059, "relative_strength": -16.42937, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.026439, "energy": 37.218087, "activity_lines": [ 36.079333, 38.090182, 39.543761, 38.969462 ] }, { "date": "2025-11-14", "close": 34.040001, "volume": 132381062, "typical_volume": 181301118.3, "trend": 38.275, "fair_value": 21.068069, "relative_strength": -19.026871, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.317435, "energy": 50.568053, "activity_lines": [ 35.254, 37.104727, 39.051714, 38.694344 ] }, { "date": "2025-11-21", "close": 33.080002, "volume": 83929947, "typical_volume": 181146260.4, "trend": 38.174, "fair_value": 21.212579, "relative_strength": -17.662208, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.080878, "energy": 55.299078, "activity_lines": [ 34.422668, 36.068546, 38.471333, 38.359183 ] }, { "date": "2025-11-28", "close": 34.099998, "volume": 95528239, "typical_volume": 180091882.4, "trend": 37.975333, "fair_value": 21.363181, "relative_strength": -18.608785, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.846524, "energy": 55.101528, "activity_lines": [ 34.16, 35.409455, 37.989333, 38.096344 ] }, { "date": "2025-12-05", "close": 33.169998, "volume": 122089831, "typical_volume": 174138144.1, "trend": 37.810666, "fair_value": 21.505649, "relative_strength": -22.260429, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -67.485348, "energy": 66.750034, "activity_lines": [ 33.664666, 34.704909, 37.421571, 37.786322 ] }, { "date": "2025-12-12", "close": 31.889999, "volume": 61589258, "typical_volume": 167142380.2, "trend": 37.509333, "fair_value": 21.642915, "relative_strength": -26.247075, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.357708, "energy": 69.581781, "activity_lines": [ 32.975332, 33.949454, 36.74938, 37.404344 ] }, { "date": "2025-12-19", "close": 30.84, "volume": 53023179, "typical_volume": 159601557.75, "trend": 37.323666, "fair_value": 21.762779, "relative_strength": -28.375745, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.543502, "energy": 70.905688, "activity_lines": [ 32.169999, 33.213818, 36.007333, 36.974064 ] }, { "date": "2025-12-26", "close": 31.68, "volume": 59450011, "typical_volume": 151613548.0, "trend": 37.231333, "fair_value": 21.89365, "relative_strength": -29.295219, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.906349, "energy": 70.760029, "activity_lines": [ 31.857999, 32.774727, 35.377428, 36.609957 ] }, { "date": "2026-01-02", "close": 32.77, "volume": 55623129, "typical_volume": 132277870.9, "trend": 37.077333, "fair_value": 22.027484, "relative_strength": -26.836131, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.220777, "energy": 62.588593, "activity_lines": [ 32.002666, 32.621636, 34.876904, 36.322129 ] }, { "date": "2026-01-09", "close": 38.84, "volume": 241458103, "typical_volume": 123580144.4, "trend": 37.237666, "fair_value": 22.20502, "relative_strength": -17.496654, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.100265, "energy": 21.338216, "activity_lines": [ 34.259333, 33.617454, 35.006904, 36.435849 ] }, { "date": "2026-01-16", "close": 42.73, "volume": 506323534, "typical_volume": 133156914.0, "trend": 37.575666, "fair_value": 22.411837, "relative_strength": -10.944582, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 3.044522, "energy": 18.580191, "activity_lines": [ 37.434667, 35.280909, 35.556238, 36.790193 ] }, { "date": "2026-01-23", "close": 44.25, "volume": 261891565, "typical_volume": 137509017.75, "trend": 37.894333, "fair_value": 22.624563, "relative_strength": -9.367194, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 39.588958, "energy": 43.783367, "activity_lines": [ 40.394, 37.087454, 36.257476, 37.220795 ] }, { "date": "2026-01-30", "close": 42.27, "volume": 303147473, "typical_volume": 142247963.8, "trend": 38.192, "fair_value": 22.826323, "relative_strength": -12.298483, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 27.616631, "energy": 42.600693, "activity_lines": [ 41.799333, 38.348363, 36.753952, 37.503096 ] }, { "date": "2026-02-06", "close": 43.240002, "volume": 224864655, "typical_volume": 146291640.95, "trend": 38.477, "fair_value": 23.030211, "relative_strength": -8.008128, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 30.495852, "energy": 55.944692, "activity_lines": [ 42.822001, 39.618546, 37.349238, 37.828774 ] }, { "date": "2026-02-13", "close": 50.349998, "volume": 364869882, "typical_volume": 154767116.05, "trend": 38.927333, "fair_value": 23.273669, "relative_strength": 6.359217, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 61.177154, "energy": 76.192379, "activity_lines": [ 45.516667, 42.015273, 38.610524, 38.594774 ] }, { "date": "2026-02-27", "close": 44.41, "volume": 212385431, "typical_volume": 160548963.35, "trend": 39.133666, "fair_value": 23.475153, "relative_strength": -7.451409, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.730417, "energy": 51.67221, "activity_lines": [ 45.464, 43.019636, 39.271905, 38.948494 ] }, { "date": "2026-03-06", "close": 44.169998, "volume": 215656096, "typical_volume": 167410436.8, "trend": 39.353, "fair_value": 23.671009, "relative_strength": -4.801414, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.000231, "energy": 38.487576, "activity_lines": [ 45.219333, 43.752727, 39.906, 39.273419 ] }, { "date": "2026-03-13", "close": 40.720001, "volume": 196023762, "typical_volume": 172697499.4, "trend": 39.475333, "fair_value": 23.847816, "relative_strength": -11.968001, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 29.498895, "energy": 30.295891, "activity_lines": [ 43.83, 43.616182, 40.185714, 39.361613 ] }, { "date": "2026-03-20", "close": 34.419998, "volume": 134413284, "typical_volume": 175087322.35, "trend": 39.163333, "fair_value": 23.972929, "relative_strength": -22.576783, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -12.797438, "energy": 13.993132, "activity_lines": [ 40.443999, 42.169818, 39.845381, 39.035462 ] }, { "date": "2026-03-27", "close": 34.18, "volume": 86758313, "typical_volume": 174506133.55, "trend": 38.666, "fair_value": 24.09727, "relative_strength": -21.536158, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": -12.374005, "energy": 22.196834, "activity_lines": [ 37.565999, 40.649818, 39.48619, 38.713957 ] }, { "date": "2026-04-03", "close": 36.189999, "volume": 147210916, "typical_volume": 177930883.5, "trend": 38.398, "fair_value": 24.222547, "relative_strength": -13.793842, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.627639, "energy": 23.143764, "activity_lines": [ 36.435999, 39.579999, 39.330238, 38.554215 ] }, { "date": "2026-04-10", "close": 36.09, "volume": 131717183, "typical_volume": 177897689.55, "trend": 38.239333, "fair_value": 24.340793, "relative_strength": -19.134861, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.432557, "energy": 26.985402, "activity_lines": [ 35.820666, 38.610909, 39.161, 38.405312 ] }, { "date": "2026-04-17", "close": 38.810001, "volume": 142198131, "typical_volume": 180811098.75, "trend": 38.079, "fair_value": 24.471363, "relative_strength": -15.872797, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.521015, "energy": 19.759094, "activity_lines": [ 36.650667, 38.284727, 39.241047, 38.442129 ] }, { "date": "2026-04-24", "close": 37.400002, "volume": 208550324, "typical_volume": 186462203.0, "trend": 37.962333, "fair_value": 24.565418, "relative_strength": -18.688827, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.1085, "energy": 12.88646, "activity_lines": [ 37.138001, 37.765091, 39.159524, 38.398322 ] }, { "date": "2026-05-01", "close": 29.219999, "volume": 175092712, "typical_volume": 189112347.05, "trend": 37.497333, "fair_value": 24.606463, "relative_strength": -36.499099, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -36.312112, "energy": 31.735751, "activity_lines": [ 34.7, 35.864364, 38.283238, 37.834301 ] }, { "date": "2026-05-08", "close": 31.719999, "volume": 109062218, "typical_volume": 191485995.05, "trend": 37.105333, "fair_value": 24.679763, "relative_strength": -32.227453, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.162962, "energy": 35.467527, "activity_lines": [ 33.426, 34.802364, 37.663857, 37.46157 ] }, { "date": "2026-05-15", "close": 29.35, "volume": 117989407, "typical_volume": 194734306.45, "trend": 36.792, "fair_value": 24.744835, "relative_strength": -36.519324, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.65096, "energy": 55.79551, "activity_lines": [ 31.66, 33.540182, 36.819571, 36.961226 ] }, { "date": "2026-05-22", "close": 27.209999, "volume": 111464546, "typical_volume": 197335033.2, "trend": 36.482, "fair_value": 24.790311, "relative_strength": -40.405449, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -73.98565, "energy": 76.778075, "activity_lines": [ 29.629999, 32.158363, 35.778571, 36.343032 ] }, { "date": "2026-05-29", "close": 24.91, "volume": 104772421, "typical_volume": 199792497.8, "trend": 36.137, "fair_value": 24.83376, "relative_strength": -44.639976, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.935445, "energy": 83.407208, "activity_lines": [ 27.606666, 30.604, 34.539809, 35.596451 ] }, { "date": "2026-06-05", "close": 24.26, "volume": 18175184, "typical_volume": 188628351.85, "trend": 35.723667, "fair_value": 24.878345, "relative_strength": -44.485169, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.653697, "energy": 87.40818, "activity_lines": [ 26.199333, 29.104363, 33.276571, 34.830193 ] }, { "date": "2026-06-12", "close": 23.219999, "volume": 15397105, "typical_volume": 164082030.4, "trend": 35.317666, "fair_value": 24.917541, "relative_strength": -44.829435, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.617262, "energy": 89.824742, "activity_lines": [ 24.776, 27.596, 31.983714, 34.023505 ] }, { "date": "2026-06-19", "close": 24.08, "volume": 78627584, "typical_volume": 154918831.35, "trend": 34.985666, "fair_value": 24.954902, "relative_strength": -45.907427, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.501743, "energy": 86.813032, "activity_lines": [ 24.206, 26.479818, 30.865666, 33.298494 ] }, { "date": "2026-06-26", "close": 21.1, "volume": 18313339, "typical_volume": 140677124.65, "trend": 34.586333, "fair_value": 24.964918, "relative_strength": -51.206437, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.998496, "energy": 88.887219, "activity_lines": [ 22.994, 25.040182, 29.559857, 32.402645 ] }, { "date": "2026-07-03", "close": 21.209999, "volume": 13346712, "typical_volume": 130101227.5, "trend": 34.156666, "fair_value": 24.979281, "relative_strength": -49.670888, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.695913, "energy": 86.996726, "activity_lines": [ 22.226, 23.942545, 28.365333, 31.539656 ] }, { "date": "2026-07-10", "close": 21.5, "volume": 94684934, "typical_volume": 116591980.1, "trend": 33.767666, "fair_value": 24.999656, "relative_strength": -46.45047, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.498229, "energy": 79.23922, "activity_lines": [ 21.801333, 23.192, 27.303333, 30.723097 ] }, { "date": "2026-07-17", "close": 21.950001, "volume": 156876136, "typical_volume": 113816515.35, "trend": 33.436333, "fair_value": 25.033267, "relative_strength": -39.267227, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.471952, "energy": 64.346613, "activity_lines": [ 21.710667, 22.663636, 26.421571, 29.960666 ] }, { "date": "2026-07-24", "close": 20.379999, "volume": 262024769, "typical_volume": 116134949.0, "trend": 33.087666, "fair_value": 25.063013, "relative_strength": -43.101973, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.43688, "energy": 64.832261, "activity_lines": [ 21.181333, 22.027454, 25.497238, 29.118322 ] }, { "date": "2026-07-31", "close": 23.639999, "volume": 171414210, "typical_volume": 114904471.4, "trend": 32.819666, "fair_value": 25.107243, "relative_strength": -32.206131, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.86324, "energy": 57.292458, "activity_lines": [ 21.985333, 22.147091, 24.996666, 28.508795 ] }, { "date": "2026-08-07", "close": 24.639999, "volume": 199877276, "typical_volume": 118177671.0, "trend": 32.548666, "fair_value": 25.165128, "relative_strength": -32.08942, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.194286, "energy": 44.449342, "activity_lines": [ 22.953333, 22.513454, 24.672666, 27.981075 ] } ], "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." } } }