{ "ticker": { "uuid": "5906e560-e27a-4415-b885-4b0dd3ca1a5e", "symbol": "GFPT", "name": "GFPT Public Company Limited", "exchange": "SET", "country": "TH", "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": "^SET.BK", "stage": 1, "stage_name": "Basing", "phase": "1c", "phase_label": "Stage 1C \u00b7 Breakout watch", "transition": "stage_1_to_2_watch", "transition_label": "Stage 1 \u2192 2 watch", "confidence": 81.506, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Emerging rotation", "architecture_gate": "mixed", "architecture_direction": 53.029, "architecture_energy": 77.047, "architecture_maturity": 11.866, "architecture_confidence": 60.79, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 15.55, "rotation_up": 81.17, "upward_expansion": 69.27, "deceleration": 18.06, "rotation_down": 16.05, "downward_expansion": 25.27 }, "activity_lines": [ 9.736667, 9.459091, 9.185476, 9.169295 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 9.9, "trend_reference": 9.223674, "distance_from_trend": 0.073325, "trend_direction": "Weakening", "fair_value": 10.08378, "distance_from_fair_value": -0.018225, "fair_value_direction": "Improving", "relative_strength": -10.734172, "relative_strength_direction": "Improving", "price_momentum": 0.031813, "excess_performance": -0.160512, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.073325, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.029963, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.018225, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.110779, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.107342, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.091889, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.031813, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.51883, "read": "Demand-led" } ], "volume": { "latest": 17837600, "relative_activity": 1.712034, "balance": 2.51883, "dry_up": 2.00283, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.033023, "annualized_volatility": 0.164769, "from_high_reference": -0.080749, "from_low_reference": 0.164706 }, "levels": { "trend_reference": 9.223674, "fair_value_reference": 10.08378, "structural_low": 8.5, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 8, "median_return": -0.019911, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.025207, "regime_survival": 0.5, "best_return": 0.026087, "worst_return": -0.118812, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": -0.04034, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.079518, "regime_survival": 0.0, "best_return": 0.047504, "worst_return": -0.133333, "sufficient": false }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.031707, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.010035, "regime_survival": 0.0, "best_return": 0.11676, "worst_return": -0.066667, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.07196, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.108147, "regime_survival": 0.0, "best_return": 0.160305, "worst_return": -0.071935, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-12-22", "end": "2023-12-29", "tenure": "New", "return": 0.026786, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-01-05", "end": "2024-02-23", "tenure": "Developing", "return": 0.017094, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-01", "end": "2024-06-14", "tenure": "Established", "return": 0.030043, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-21", "end": "2024-07-12", "tenure": "New", "return": 0.007874, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-19", "end": "2024-08-16", "tenure": "Developing", "return": -0.015385, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-23", "end": "2024-09-06", "tenure": "New", "return": -0.03252, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-09-13", "end": "2024-09-27", "tenure": "New", "return": -0.016807, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-10-04", "end": "2025-05-02", "tenure": "Extended", "return": -0.09765, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-09", "end": "2025-06-20", "tenure": "Developing", "return": -0.142132, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-06-27", "end": "2025-08-15", "tenure": "Developing", "return": 0.245509, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-22", "end": "2026-01-23", "tenure": "Established", "return": -0.048544, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-30", "end": "2026-02-20", "tenure": "New", "return": 0.020942, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-02-27", "end": "2026-07-17", "tenure": "Established", "return": 0.005677, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.025907, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 10.090486, "volume": 16082400, "typical_volume": 17435225.0, "trend": 11.135801, "fair_value": 11.974383, "relative_strength": -11.819771, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -41.921486, "energy": 34.997277, "activity_lines": [ 10.694029, 11.103821, 11.146686, 11.087908 ] }, { "date": "2023-08-25", "close": 10.279093, "volume": 11380600, "typical_volume": 17738465.0, "trend": 11.061085, "fair_value": 11.96368, "relative_strength": -12.066331, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.531831, "energy": 50.965968, "activity_lines": [ 10.492848, 10.911784, 11.075734, 11.032637 ] }, { "date": "2023-09-01", "close": 10.373397, "volume": 10821100, "typical_volume": 18053850.0, "trend": 11.001879, "fair_value": 11.956483, "relative_strength": -10.694396, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.002682, "energy": 55.080257, "activity_lines": [ 10.392257, 10.760899, 11.015559, 10.98827 ] }, { "date": "2023-09-08", "close": 10.373397, "volume": 5404000, "typical_volume": 17936655.0, "trend": 10.967405, "fair_value": 11.950446, "relative_strength": -9.29645, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -52.379036, "energy": 61.166514, "activity_lines": [ 10.341962, 10.627159, 10.95763, 10.947722 ] }, { "date": "2023-09-15", "close": 10.279093, "volume": 9560500, "typical_volume": 16725955.0, "trend": 10.935971, "fair_value": 11.946707, "relative_strength": -9.3409, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.344629, "energy": 56.33202, "activity_lines": [ 10.310528, 10.507136, 10.892515, 10.903315 ] }, { "date": "2023-09-22", "close": 9.807575, "volume": 14157900, "typical_volume": 17101000.0, "trend": 10.882636, "fair_value": 11.934722, "relative_strength": -11.875413, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.63796, "energy": 59.21068, "activity_lines": [ 10.153355, 10.332246, 10.781596, 10.830516 ] }, { "date": "2023-09-29", "close": 9.807575, "volume": 12937500, "typical_volume": 17145800.0, "trend": 10.835484, "fair_value": 11.925058, "relative_strength": -8.35043, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.16135, "energy": 65.442116, "activity_lines": [ 10.015043, 10.196792, 10.671127, 10.761157 ] }, { "date": "2023-10-06", "close": 9.618967, "volume": 7365400, "typical_volume": 17002675.0, "trend": 10.775758, "fair_value": 11.914185, "relative_strength": -7.663494, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.429625, "energy": 73.332437, "activity_lines": [ 9.845296, 10.054479, 10.545388, 10.682672 ] }, { "date": "2023-10-13", "close": 9.807575, "volume": 3591800, "typical_volume": 15678060.0, "trend": 10.741181, "fair_value": 11.908584, "relative_strength": -6.322563, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.935692, "energy": 70.434399, "activity_lines": [ 9.788714, 9.973892, 10.441205, 10.620208 ] }, { "date": "2023-10-20", "close": 9.194602, "volume": 8898700, "typical_volume": 14561005.0, "trend": 10.689314, "fair_value": 11.899633, "relative_strength": -8.378659, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.499746, "energy": 81.831844, "activity_lines": [ 9.565529, 9.80586, 10.28538, 10.520429 ] }, { "date": "2023-10-27", "close": 9.241754, "volume": 6191100, "typical_volume": 14095160.0, "trend": 10.642162, "fair_value": 11.892725, "relative_strength": -6.669405, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.184619, "energy": 80.519125, "activity_lines": [ 9.430361, 9.674693, 10.145945, 10.427038 ] }, { "date": "2023-11-03", "close": 9.713271, "volume": 5115000, "typical_volume": 13516305.0, "trend": 10.610727, "fair_value": 11.888839, "relative_strength": -3.670923, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.50396, "energy": 59.41376, "activity_lines": [ 9.490086, 9.644687, 10.060848, 10.36711 ] }, { "date": "2023-11-10", "close": 9.901879, "volume": 6858000, "typical_volume": 12990485.0, "trend": 10.579293, "fair_value": 11.881521, "relative_strength": 0.598481, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.67023, "energy": 48.702037, "activity_lines": [ 9.618968, 9.659261, 10.002694, 10.321378 ] }, { "date": "2023-11-17", "close": 9.996182, "volume": 6942000, "typical_volume": 11680175.0, "trend": 10.554145, "fair_value": 11.873647, "relative_strength": -0.061058, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.290121, "energy": 33.808881, "activity_lines": [ 9.760423, 9.699555, 9.960257, 10.283757 ] }, { "date": "2023-11-24", "close": 9.807575, "volume": 2710500, "typical_volume": 10642165.0, "trend": 10.544715, "fair_value": 11.8576, "relative_strength": -0.452206, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.442566, "energy": 24.152759, "activity_lines": [ 9.826436, 9.712414, 9.909737, 10.235592 ] }, { "date": "2023-12-01", "close": 9.996182, "volume": 12269500, "typical_volume": 10603035.0, "trend": 10.547858, "fair_value": 11.843923, "relative_strength": 2.812714, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.808038, "energy": 23.231254, "activity_lines": [ 9.914452, 9.768139, 9.887509, 10.200202 ] }, { "date": "2023-12-08", "close": 10.18479, "volume": 10708900, "typical_volume": 9775390.0, "trend": 10.541571, "fair_value": 11.829714, "relative_strength": 4.716203, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.407558, "energy": 20.118927, "activity_lines": [ 10.015043, 9.854727, 9.892673, 10.176779 ] }, { "date": "2023-12-15", "close": 10.18479, "volume": 7067500, "typical_volume": 9695345.0, "trend": 10.535284, "fair_value": 11.810863, "relative_strength": 3.995968, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.861471, "energy": 14.117416, "activity_lines": [ 10.084199, 9.934456, 9.903226, 10.153761 ] }, { "date": "2023-12-22", "close": 10.562003, "volume": 12597100, "typical_volume": 9859495.0, "trend": 10.51328, "fair_value": 11.798492, "relative_strength": 6.699935, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 8.132472, "energy": 18.594971, "activity_lines": [ 10.260232, 10.072482, 9.954195, 10.155484 ] }, { "date": "2023-12-29", "close": 10.844914, "volume": 7000000, "typical_volume": 8882975.0, "trend": 10.484989, "fair_value": 11.785614, "relative_strength": 8.563751, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 35.507732, "energy": 35.108066, "activity_lines": [ 10.492848, 10.24823, 10.034802, 10.17688 ] }, { "date": "2024-01-05", "close": 11.033522, "volume": 4242300, "typical_volume": 8290970.0, "trend": 10.478702, "fair_value": 11.775685, "relative_strength": 9.342514, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 39.81671, "energy": 57.750755, "activity_lines": [ 10.719176, 10.428264, 10.132922, 10.212269 ] }, { "date": "2024-01-12", "close": 10.844914, "volume": 6259500, "typical_volume": 8034915.0, "trend": 10.453555, "fair_value": 11.766288, "relative_strength": 8.536017, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.138273, "energy": 58.093972, "activity_lines": [ 10.81348, 10.541428, 10.20859, 10.235896 ] }, { "date": "2024-01-19", "close": 10.656307, "volume": 5928900, "typical_volume": 7790305.0, "trend": 10.43155, "fair_value": 11.756842, "relative_strength": 8.920193, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.738639, "energy": 56.321096, "activity_lines": [ 10.800906, 10.599725, 10.2636, 10.248977 ] }, { "date": "2024-01-26", "close": 10.467701, "volume": 5996200, "typical_volume": 7819915.0, "trend": 10.378112, "fair_value": 11.74967, "relative_strength": 8.055484, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.752049, "energy": 30.924445, "activity_lines": [ 10.694029, 10.610013, 10.299301, 10.251309 ] }, { "date": "2024-02-02", "close": 10.844914, "volume": 14577300, "typical_volume": 8070755.0, "trend": 10.34039, "fair_value": 11.747816, "relative_strength": 10.469054, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.849953, "energy": 28.197735, "activity_lines": [ 10.719176, 10.680312, 10.370478, 10.281425 ] }, { "date": "2024-02-09", "close": 10.656307, "volume": 6209600, "typical_volume": 7673340.0, "trend": 10.296382, "fair_value": 11.741852, "relative_strength": 7.971749, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 42.964875, "energy": 26.719419, "activity_lines": [ 10.681455, 10.697458, 10.420997, 10.301807 ] }, { "date": "2024-02-16", "close": 10.656307, "volume": 4545400, "typical_volume": 7253735.0, "trend": 10.274378, "fair_value": 11.737629, "relative_strength": 7.874818, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 40.835662, "energy": 25.351318, "activity_lines": [ 10.668881, 10.702602, 10.467476, 10.325028 ] }, { "date": "2024-02-23", "close": 11.222128, "volume": 23846400, "typical_volume": 8077785.0, "trend": 10.277521, "fair_value": 11.740514, "relative_strength": 12.321399, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 69.211535, "energy": 44.386021, "activity_lines": [ 10.857488, 10.802049, 10.5638, 10.386173 ] }, { "date": "2024-03-01", "close": 11.127825, "volume": 16637100, "typical_volume": 8730050.0, "trend": 10.277521, "fair_value": 11.741635, "relative_strength": 13.527123, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.319776, "energy": 50.726229, "activity_lines": [ 10.976939, 10.86549, 10.643509, 10.441031 ] }, { "date": "2024-03-08", "close": 11.271103, "volume": 10189600, "typical_volume": 8794595.0, "trend": 10.294871, "fair_value": 11.741314, "relative_strength": 13.110657, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.707546, "energy": 63.175686, "activity_lines": [ 11.100141, 10.944693, 10.730576, 10.505133 ] }, { "date": "2024-03-15", "close": 11.653173, "volume": 12459500, "typical_volume": 9108015.0, "trend": 10.34696, "fair_value": 11.743442, "relative_strength": 16.51806, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.113823, "energy": 76.836116, "activity_lines": [ 11.322288, 11.085615, 10.844143, 10.592766 ] }, { "date": "2024-03-22", "close": 11.557656, "volume": 12415700, "typical_volume": 9473050.0, "trend": 10.389579, "fair_value": 11.746728, "relative_strength": 15.48424, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.159683, "energy": 76.887522, "activity_lines": [ 11.446137, 11.197904, 10.937131, 10.670875 ] }, { "date": "2024-03-29", "close": 11.748692, "volume": 13854300, "typical_volume": 9822865.0, "trend": 10.435422, "fair_value": 11.750058, "relative_strength": 17.065678, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.686288, "energy": 81.040544, "activity_lines": [ 11.573576, 11.331967, 11.039529, 10.75856 ] }, { "date": "2024-04-05", "close": 11.557656, "volume": 9019300, "typical_volume": 9926730.0, "trend": 10.474898, "fair_value": 11.754524, "relative_strength": 14.860855, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.985005, "energy": 73.292312, "activity_lines": [ 11.602231, 11.411435, 11.114939, 10.830962 ] }, { "date": "2024-04-12", "close": 11.557656, "volume": 6305600, "typical_volume": 10106485.0, "trend": 10.517516, "fair_value": 11.76135, "relative_strength": 12.715036, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.089247, "energy": 55.568281, "activity_lines": [ 11.602231, 11.471086, 11.182914, 10.900817 ] }, { "date": "2024-04-19", "close": 11.557656, "volume": 0, "typical_volume": 9493010.0, "trend": 10.575853, "fair_value": 11.768176, "relative_strength": 17.608298, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.760585, "energy": 49.2706, "activity_lines": [ 11.583127, 11.517778, 11.242555, 10.967923 ] }, { "date": "2024-04-26", "close": 12.035246, "volume": 16736300, "typical_volume": 9794380.0, "trend": 10.650108, "fair_value": 11.777473, "relative_strength": 19.25948, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.539517, "energy": 54.345167, "activity_lines": [ 11.729588, 11.634917, 11.340245, 11.062078 ] }, { "date": "2024-05-03", "close": 12.417316, "volume": 17092400, "typical_volume": 10295625.0, "trend": 10.743387, "fair_value": 11.7904, "relative_strength": 21.329558, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.699037, "energy": 65.873903, "activity_lines": [ 11.971567, 11.796451, 11.465511, 11.176091 ] }, { "date": "2024-05-10", "close": 12.417316, "volume": 13356000, "typical_volume": 10333570.0, "trend": 10.830378, "fair_value": 11.803916, "relative_strength": 20.40831, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.690714, "energy": 78.976858, "activity_lines": [ 12.16897, 11.936254, 11.580146, 11.284086 ] }, { "date": "2024-05-17", "close": 12.608352, "volume": 12208300, "typical_volume": 10593985.0, "trend": 10.94417, "fair_value": 11.821017, "relative_strength": 20.606791, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.999235, "energy": 85.403059, "activity_lines": [ 12.372741, 12.087346, 11.70414, 11.398794 ] }, { "date": "2024-05-24", "close": 12.321798, "volume": 5331400, "typical_volume": 10648440.0, "trend": 11.046838, "fair_value": 11.836872, "relative_strength": 18.923741, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.421, "energy": 81.069004, "activity_lines": [ 12.410948, 12.162023, 11.792445, 11.487674 ] }, { "date": "2024-05-31", "close": 12.321798, "volume": 6163300, "typical_volume": 10643630.0, "trend": 11.133789, "fair_value": 11.850956, "relative_strength": 20.124619, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.472293, "energy": 67.870047, "activity_lines": [ 12.398212, 12.224544, 11.874617, 11.569929 ] }, { "date": "2024-06-07", "close": 12.321798, "volume": 11360400, "typical_volume": 10915205.0, "trend": 11.214453, "fair_value": 11.86327, "relative_strength": 20.671399, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.291924, "energy": 53.74985, "activity_lines": [ 12.366373, 12.273171, 11.949755, 11.646575 ] }, { "date": "2024-06-14", "close": 11.462138, "volume": 14682100, "typical_volume": 11349500.0, "trend": 11.263318, "fair_value": 11.868894, "relative_strength": 14.119486, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 29.854146, "energy": 23.782698, "activity_lines": [ 12.054348, 12.155076, 11.93509, 11.662555 ] }, { "date": "2024-06-21", "close": 12.130763, "volume": 11508500, "typical_volume": 11196060.0, "trend": 11.340757, "fair_value": 11.878803, "relative_strength": 20.25816, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.947713, "energy": 20.324644, "activity_lines": [ 12.028877, 12.160286, 11.979368, 11.718519 ] }, { "date": "2024-06-28", "close": 12.226281, "volume": 2823400, "typical_volume": 11026750.0, "trend": 11.415094, "fair_value": 11.889325, "relative_strength": 21.299781, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.489467, "energy": 20.06793, "activity_lines": [ 12.067084, 12.172443, 12.02662, 11.775649 ] }, { "date": "2024-07-05", "close": 12.321798, "volume": 7843700, "typical_volume": 11191665.0, "trend": 11.486328, "fair_value": 11.90341, "relative_strength": 20.812908, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.369507, "energy": 20.695653, "activity_lines": [ 12.143498, 12.18981, 12.075493, 11.834147 ] }, { "date": "2024-07-12", "close": 12.226281, "volume": 9303600, "typical_volume": 10464525.0, "trend": 11.554377, "fair_value": 11.914522, "relative_strength": 17.696826, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.260013, "energy": 30.422937, "activity_lines": [ 12.188074, 12.1846, 12.107338, 11.881885 ] }, { "date": "2024-07-19", "close": 12.417316, "volume": 11682900, "typical_volume": 10216815.0, "trend": 11.616221, "fair_value": 11.919188, "relative_strength": 20.286674, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.567846, "energy": 34.263033, "activity_lines": [ 12.302695, 12.217597, 12.152595, 11.937559 ] }, { "date": "2024-07-26", "close": 12.512834, "volume": 15628900, "typical_volume": 10488780.0, "trend": 11.671818, "fair_value": 11.924467, "relative_strength": 21.429088, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.943583, "energy": 37.519281, "activity_lines": [ 12.385477, 12.267961, 12.200809, 11.995405 ] }, { "date": "2024-08-02", "close": 12.512834, "volume": 8602000, "typical_volume": 10295905.0, "trend": 11.721129, "fair_value": 11.926795, "relative_strength": 20.223859, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.536846, "energy": 39.913741, "activity_lines": [ 12.442788, 12.320062, 12.24311, 12.049664 ] }, { "date": "2024-08-09", "close": 11.939727, "volume": 12304300, "typical_volume": 10290335.0, "trend": 11.757623, "fair_value": 11.93253, "relative_strength": 15.516201, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.259417, "energy": 25.291855, "activity_lines": [ 12.289959, 12.264488, 12.226735, 12.063767 ] }, { "date": "2024-08-16", "close": 12.226281, "volume": 16536800, "typical_volume": 10424460.0, "trend": 11.809955, "fair_value": 11.938922, "relative_strength": 16.976518, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 35.73823, "energy": 18.594157, "activity_lines": [ 12.25812, 12.267961, 12.235832, 12.094003 ] }, { "date": "2024-08-23", "close": 11.748692, "volume": 10274000, "typical_volume": 10487195.0, "trend": 11.852655, "fair_value": 11.942252, "relative_strength": 7.566511, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.151884, "energy": 7.535564, "activity_lines": [ 12.067084, 12.186337, 12.19717, 12.090051 ] }, { "date": "2024-08-30", "close": 11.939727, "volume": 13618300, "typical_volume": 10852830.0, "trend": 11.889148, "fair_value": 11.942677, "relative_strength": 8.423706, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.291571, "energy": 14.358778, "activity_lines": [ 11.984302, 12.134236, 12.175793, 12.095668 ] }, { "date": "2024-09-06", "close": 11.36662, "volume": 16206700, "typical_volume": 11663165.0, "trend": 11.912826, "fair_value": 11.941198, "relative_strength": -2.03059, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.498353, "energy": 35.459574, "activity_lines": [ 11.748692, 11.981408, 12.098014, 12.061957 ] }, { "date": "2024-09-13", "close": 11.36662, "volume": 15442700, "typical_volume": 11598485.0, "trend": 11.936503, "fair_value": 11.936769, "relative_strength": -2.111435, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.799812, "energy": 53.66289, "activity_lines": [ 11.589495, 11.844209, 12.021145, 12.026718 ] }, { "date": "2024-09-20", "close": 11.271103, "volume": 4267700, "typical_volume": 10957250.0, "trend": 11.938135, "fair_value": 11.936448, "relative_strength": -5.055666, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.631102, "energy": 62.960069, "activity_lines": [ 11.436667, 11.707011, 11.938363, 11.983789 ] }, { "date": "2024-09-27", "close": 11.175585, "volume": 12675100, "typical_volume": 10923205.0, "trend": 11.939727, "fair_value": 11.936695, "relative_strength": -5.990492, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -72.305056, "energy": 76.03617, "activity_lines": [ 11.315678, 11.569813, 11.851942, 11.934592 ] }, { "date": "2024-10-04", "close": 11.175585, "volume": 13133900, "typical_volume": 10969485.0, "trend": 11.936543, "fair_value": 11.935761, "relative_strength": -5.838595, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.049013, "energy": 73.25274, "activity_lines": [ 11.232896, 11.455192, 11.771434, 11.885292 ] }, { "date": "2024-10-11", "close": 11.080068, "volume": 12779200, "typical_volume": 11341875.0, "trend": 11.91744, "fair_value": 11.935396, "relative_strength": -8.451329, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.663398, "energy": 72.23081, "activity_lines": [ 11.169217, 11.347517, 11.688652, 11.830036 ] }, { "date": "2024-10-18", "close": 11.175585, "volume": 5126600, "typical_volume": 11290040.0, "trend": 11.904704, "fair_value": 11.936822, "relative_strength": -9.082003, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.007965, "energy": 59.964614, "activity_lines": [ 11.156482, 11.28326, 11.62088, 11.782174 ] }, { "date": "2024-10-25", "close": 11.175585, "volume": 7305000, "typical_volume": 11087270.0, "trend": 11.885601, "fair_value": 11.940019, "relative_strength": -7.652666, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.565988, "energy": 48.085786, "activity_lines": [ 11.156482, 11.232896, 11.558566, 11.735134 ] }, { "date": "2024-11-01", "close": 10.602478, "volume": 7437700, "typical_volume": 10725050.0, "trend": 11.853761, "fair_value": 11.938362, "relative_strength": -12.514644, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.953099, "energy": 58.20558, "activity_lines": [ 10.971814, 11.097434, 11.447128, 11.652352 ] }, { "date": "2024-11-08", "close": 10.124889, "volume": 10617600, "typical_volume": 10680505.0, "trend": 11.806002, "fair_value": 11.933643, "relative_strength": -16.443689, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.527782, "energy": 80.051858, "activity_lines": [ 10.666157, 10.895978, 11.2943, 11.540812 ] }, { "date": "2024-11-15", "close": 10.411442, "volume": 9449600, "typical_volume": 11011815.0, "trend": 11.767795, "fair_value": 11.926632, "relative_strength": -12.796743, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.55941, "energy": 80.227954, "activity_lines": [ 10.526064, 10.77962, 11.178314, 11.45084 ] }, { "date": "2024-11-22", "close": 10.124889, "volume": 6205500, "typical_volume": 10929905.0, "trend": 11.704117, "fair_value": 11.919553, "relative_strength": -15.408531, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.72724, "energy": 88.941967, "activity_lines": [ 10.335028, 10.628528, 11.043679, 11.344847 ] }, { "date": "2024-11-29", "close": 10.124889, "volume": 5652400, "typical_volume": 10747345.0, "trend": 11.627702, "fair_value": 11.913654, "relative_strength": -14.267101, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.279499, "energy": 87.653849, "activity_lines": [ 10.214039, 10.500013, 10.919506, 11.242961 ] }, { "date": "2024-12-06", "close": 10.315925, "volume": 6519800, "typical_volume": 10489190.0, "trend": 11.557656, "fair_value": 11.90662, "relative_strength": -14.06464, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.746997, "energy": 81.025574, "activity_lines": [ 10.226775, 10.427073, 10.823534, 11.15833 ] }, { "date": "2024-12-13", "close": 10.02937, "volume": 7371200, "typical_volume": 10076305.0, "trend": 11.47169, "fair_value": 11.899519, "relative_strength": -15.205279, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.212988, "energy": 76.241437, "activity_lines": [ 10.163096, 10.317661, 10.710277, 11.059731 ] }, { "date": "2024-12-20", "close": 9.169711, "volume": 19912100, "typical_volume": 10641810.0, "trend": 11.36662, "fair_value": 11.886908, "relative_strength": -18.539345, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.204107, "energy": 78.992036, "activity_lines": [ 9.819232, 10.072788, 10.526973, 10.911216 ] }, { "date": "2024-12-27", "close": 9.265228, "volume": 6055600, "typical_volume": 10329375.0, "trend": 11.264735, "fair_value": 11.870778, "relative_strength": -19.631506, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.482309, "energy": 78.489119, "activity_lines": [ 9.589989, 9.880016, 10.368687, 10.775642 ] }, { "date": "2025-01-03", "close": 9.265228, "volume": 5076700, "typical_volume": 9756370.0, "trend": 11.162849, "fair_value": 11.849339, "relative_strength": -18.464818, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.682358, "energy": 83.003086, "activity_lines": [ 9.418057, 9.721977, 10.223136, 10.646642 ] }, { "date": "2025-01-10", "close": 9.504023, "volume": 9962500, "typical_volume": 9740795.0, "trend": 11.097579, "fair_value": 11.82884, "relative_strength": -15.194057, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.268369, "energy": 78.208931, "activity_lines": [ 9.383034, 9.64209, 10.114427, 10.539621 ] }, { "date": "2025-01-17", "close": 9.456264, "volume": 10494200, "typical_volume": 9584590.0, "trend": 11.008429, "fair_value": 11.810985, "relative_strength": -13.76571, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.063364, "energy": 63.765815, "activity_lines": [ 9.386218, 9.57349, 10.011859, 10.43373 ] }, { "date": "2025-01-24", "close": 9.265228, "volume": 7730900, "typical_volume": 9160800.0, "trend": 10.909727, "fair_value": 11.790136, "relative_strength": -16.187142, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.59011, "energy": 60.302816, "activity_lines": [ 9.36393, 9.482314, 9.902924, 10.321265 ] }, { "date": "2025-01-31", "close": 8.787639, "volume": 8322300, "typical_volume": 8804780.0, "trend": 10.791922, "fair_value": 11.767995, "relative_strength": -17.891972, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.804313, "energy": 67.116373, "activity_lines": [ 9.176078, 9.325144, 9.75851, 10.184356 ] }, { "date": "2025-02-07", "close": 8.453327, "volume": 7119600, "typical_volume": 8947375.0, "trend": 10.666156, "fair_value": 11.745481, "relative_strength": -18.811503, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.221254, "energy": 71.471259, "activity_lines": [ 8.908628, 9.131503, 9.594537, 10.033479 ] }, { "date": "2025-02-14", "close": 7.927979, "volume": 7461300, "typical_volume": 8686685.0, "trend": 10.516512, "fair_value": 11.721959, "relative_strength": -22.993864, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.449978, "energy": 91.808993, "activity_lines": [ 8.520189, 8.872737, 9.39395, 9.856823 ] }, { "date": "2025-02-21", "close": 8.405568, "volume": 16212800, "typical_volume": 8840630.0, "trend": 10.379603, "fair_value": 11.697959, "relative_strength": -16.404196, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.300596, "energy": 83.321051, "activity_lines": [ 8.396016, 8.744222, 9.254312, 9.720633 ] }, { "date": "2025-02-28", "close": 7.784702, "volume": 31240400, "typical_volume": 9763690.0, "trend": 10.221999, "fair_value": 11.669979, "relative_strength": -19.525571, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.112958, "energy": 82.433943, "activity_lines": [ 8.134934, 8.532346, 9.068735, 9.55322 ] }, { "date": "2025-03-07", "close": 8.126179, "volume": 27188600, "typical_volume": 10866790.0, "trend": 10.09488, "fair_value": 11.648945, "relative_strength": -15.600904, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.358446, "energy": 63.949441, "activity_lines": [ 8.086379, 8.407739, 8.931371, 9.418006 ] }, { "date": "2025-03-14", "close": 8.077226, "volume": 10842100, "typical_volume": 11043645.0, "trend": 9.956578, "fair_value": 11.629379, "relative_strength": -13.77291, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.890466, "energy": 59.698577, "activity_lines": [ 8.065604, 8.294941, 8.803866, 9.287834 ] }, { "date": "2025-03-21", "close": 8.077226, "volume": 7439600, "typical_volume": 11043740.0, "trend": 9.834196, "fair_value": 11.610409, "relative_strength": -14.384463, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.333354, "energy": 58.065164, "activity_lines": [ 8.069903, 8.203743, 8.691115, 9.166586 ] }, { "date": "2025-03-28", "close": 8.517801, "volume": 14449000, "typical_volume": 11235310.0, "trend": 9.720132, "fair_value": 11.588912, "relative_strength": -8.574316, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.126322, "energy": 45.950233, "activity_lines": [ 8.21111, 8.218592, 8.632349, 9.081657 ] }, { "date": "2025-04-04", "close": 8.175132, "volume": 17840900, "typical_volume": 11654875.0, "trend": 9.613749, "fair_value": 11.565813, "relative_strength": -8.08098, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.759017, "energy": 38.2469, "activity_lines": [ 8.230612, 8.1882, 8.5486, 8.98198 ] }, { "date": "2025-04-11", "close": 8.66466, "volume": 19027200, "typical_volume": 12295960.0, "trend": 9.523684, "fair_value": 11.545852, "relative_strength": -2.732685, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.551056, "energy": 26.932737, "activity_lines": [ 8.387261, 8.266633, 8.522123, 8.920748 ] }, { "date": "2025-04-18", "close": 8.860472, "volume": 8852900, "typical_volume": 12455985.0, "trend": 9.443329, "fair_value": 11.5212, "relative_strength": -2.227865, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.977876, "energy": 21.088327, "activity_lines": [ 8.573282, 8.382904, 8.521247, 8.87796 ] }, { "date": "2025-04-25", "close": 9.545812, "volume": 21174000, "typical_volume": 13188695.0, "trend": 9.389004, "fair_value": 11.499159, "relative_strength": 4.75999, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 6.53355, "energy": 16.417021, "activity_lines": [ 8.935533, 8.61638, 8.591663, 8.884572 ] }, { "date": "2025-05-02", "close": 10.084293, "volume": 14922400, "typical_volume": 13566255.0, "trend": 9.352627, "fair_value": 11.481164, "relative_strength": 7.150534, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 38.50343, "energy": 40.148566, "activity_lines": [ 9.379372, 8.918347, 8.71703, 8.929429 ] }, { "date": "2025-05-09", "close": 9.643718, "volume": 10997700, "typical_volume": 13120535.0, "trend": 9.304749, "fair_value": 11.44667, "relative_strength": 1.728163, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 24.835049, "energy": 44.846384, "activity_lines": [ 9.57192, 9.109686, 8.800176, 8.948209 ] }, { "date": "2025-05-16", "close": 9.594765, "volume": 16376000, "typical_volume": 13636555.0, "trend": 9.252055, "fair_value": 11.411269, "relative_strength": 2.772186, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.680482, "energy": 53.483884, "activity_lines": [ 9.650245, 9.258325, 8.876403, 8.96692 ] }, { "date": "2025-05-23", "close": 9.888482, "volume": 21169400, "typical_volume": 14441190.0, "trend": 9.209151, "fair_value": 11.374778, "relative_strength": 7.831773, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.075901, "energy": 59.30573, "activity_lines": [ 9.764468, 9.433665, 8.979033, 9.00798 ] }, { "date": "2025-05-30", "close": 9.69267, "volume": 18029800, "typical_volume": 14844555.0, "trend": 9.178825, "fair_value": 11.338814, "relative_strength": 8.389501, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.737194, "energy": 45.102885, "activity_lines": [ 9.744887, 9.540472, 9.060047, 9.039175 ] }, { "date": "2025-06-06", "close": 9.888482, "volume": 9463700, "typical_volume": 14793030.0, "trend": 9.170944, "fair_value": 11.301134, "relative_strength": 11.970381, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.733506, "energy": 39.125321, "activity_lines": [ 9.780786, 9.653508, 9.158811, 9.084959 ] }, { "date": "2025-06-13", "close": 9.447906, "volume": 8595900, "typical_volume": 14836280.0, "trend": 9.138826, "fair_value": 11.25409, "relative_strength": 8.385802, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.538405, "energy": 29.848553, "activity_lines": [ 9.68288, 9.661519, 9.213558, 9.102828 ] }, { "date": "2025-06-20", "close": 8.273037, "volume": 12622800, "typical_volume": 15051305.0, "trend": 9.077098, "fair_value": 11.200703, "relative_strength": 0.184553, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -17.204788, "energy": 15.223613, "activity_lines": [ 9.206405, 9.432775, 9.155542, 9.04697 ] }, { "date": "2025-06-27", "close": 8.175132, "volume": 12150200, "typical_volume": 15302835.0, "trend": 9.012106, "fair_value": 11.149067, "relative_strength": -1.903712, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -27.433343, "energy": 29.069688, "activity_lines": [ 8.785411, 9.193351, 9.090653, 8.988779 ] }, { "date": "2025-07-04", "close": 8.713613, "volume": 9944400, "typical_volume": 15426990.0, "trend": 8.958696, "fair_value": 11.100883, "relative_strength": 1.463192, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.039136, "energy": 28.021033, "activity_lines": [ 8.658133, 9.064294, 9.078372, 8.969521 ] }, { "date": "2025-07-11", "close": 8.615707, "volume": 4733200, "typical_volume": 14853010.0, "trend": 8.911574, "fair_value": 11.056233, "relative_strength": 0.5935, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.677087, "energy": 33.052106, "activity_lines": [ 8.563491, 8.932566, 9.053025, 8.947393 ] }, { "date": "2025-07-18", "close": 9.447906, "volume": 16658100, "typical_volume": 14123895.0, "trend": 8.920847, "fair_value": 11.024646, "relative_strength": 2.911531, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 1.890344, "energy": 14.378693, "activity_lines": [ 8.8311, 8.978849, 9.105935, 8.981995 ] }, { "date": "2025-07-25", "close": 9.35, "volume": 9399100, "typical_volume": 13234420.0, "trend": 8.923673, "fair_value": 10.991242, "relative_strength": 1.445301, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.813413, "energy": 16.105686, "activity_lines": [ 9.066074, 9.01089, 9.141601, 9.009682 ] }, { "date": "2025-08-01", "close": 9.888482, "volume": 15385100, "typical_volume": 13461570.0, "trend": 8.944448, "fair_value": 10.964263, "relative_strength": 7.569791, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.163813, "energy": 35.729301, "activity_lines": [ 9.408744, 9.145288, 9.222723, 9.071928 ] }, { "date": "2025-08-08", "close": 9.888482, "volume": 13112500, "typical_volume": 13745215.0, "trend": 8.957263, "fair_value": 10.937284, "relative_strength": 4.448878, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.535097, "energy": 44.465663, "activity_lines": [ 9.63719, 9.279686, 9.29522, 9.132833 ] }, { "date": "2025-08-15", "close": 10.182199, "volume": 11053100, "typical_volume": 13575420.0, "trend": 8.981461, "fair_value": 10.912782, "relative_strength": 7.87964, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 71.394702, "energy": 70.658222, "activity_lines": [ 9.885218, 9.463927, 9.387065, 9.211862 ] }, { "date": "2025-08-22", "close": 10.084293, "volume": 16261800, "typical_volume": 13496465.0, "trend": 9.008763, "fair_value": 10.88587, "relative_strength": 7.529033, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.723492, "energy": 71.993402, "activity_lines": [ 9.996178, 9.625026, 9.461659, 9.283012 ] }, { "date": "2025-08-29", "close": 9.545812, "volume": 16853800, "typical_volume": 13387795.0, "trend": 9.034035, "fair_value": 10.848965, "relative_strength": 3.451794, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.144738, "energy": 56.900273, "activity_lines": [ 9.885218, 9.676649, 9.475879, 9.31766 ] }, { "date": "2025-09-05", "close": 9.398953, "volume": 13747200, "typical_volume": 13632510.0, "trend": 9.065556, "fair_value": 10.812308, "relative_strength": -0.273666, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.503336, "energy": 33.739157, "activity_lines": [ 9.712251, 9.678429, 9.471916, 9.341203 ] }, { "date": "2025-09-12", "close": 9.790576, "volume": 21954600, "typical_volume": 13671540.0, "trend": 9.127643, "fair_value": 10.784107, "relative_strength": 1.675282, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.686888, "energy": 24.336511, "activity_lines": [ 9.702461, 9.729162, 9.502687, 9.387979 ] }, { "date": "2025-09-19", "close": 9.741623, "volume": 13983900, "typical_volume": 13624615.0, "trend": 9.172178, "fair_value": 10.755592, "relative_strength": 1.297104, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.835896, "energy": 18.33956, "activity_lines": [ 9.68288, 9.751414, 9.527629, 9.427591 ] }, { "date": "2025-09-26", "close": 9.741623, "volume": 7279300, "typical_volume": 13438695.0, "trend": 9.237409, "fair_value": 10.730644, "relative_strength": 2.427943, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.587153, "energy": 18.648856, "activity_lines": [ 9.69267, 9.753194, 9.554204, 9.464329 ] }, { "date": "2025-10-03", "close": 9.594765, "volume": 6969800, "typical_volume": 12968385.0, "trend": 9.286362, "fair_value": 10.708322, "relative_strength": -0.193023, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 35.613143, "energy": 19.927935, "activity_lines": [ 9.676353, 9.722932, 9.566325, 9.487384 ] }, { "date": "2025-10-10", "close": 9.741623, "volume": 3737800, "typical_volume": 12096805.0, "trend": 9.341841, "fair_value": 10.689914, "relative_strength": 1.84812, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.289876, "energy": 19.22185, "activity_lines": [ 9.705724, 9.714922, 9.592433, 9.516756 ] }, { "date": "2025-10-17", "close": 9.594765, "volume": 10249400, "typical_volume": 11707785.0, "trend": 9.392426, "fair_value": 10.660457, "relative_strength": 1.27936, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.122582, "energy": 16.110945, "activity_lines": [ 9.663299, 9.68288, 9.605255, 9.533073 ] }, { "date": "2025-10-24", "close": 10.182199, "volume": 13971300, "typical_volume": 11933165.0, "trend": 9.447906, "fair_value": 10.63655, "relative_strength": 4.234865, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.8519, "energy": 31.383204, "activity_lines": [ 9.829738, 9.762984, 9.674488, 9.584027 ] }, { "date": "2025-10-31", "close": 10.084293, "volume": 7539500, "typical_volume": 11880345.0, "trend": 9.511545, "fair_value": 10.613204, "relative_strength": 3.457276, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.516694, "energy": 42.882267, "activity_lines": [ 9.934171, 9.825288, 9.732998, 9.625084 ] }, { "date": "2025-11-07", "close": 10.182199, "volume": 7081600, "typical_volume": 11603285.0, "trend": 9.562129, "fair_value": 10.593459, "relative_strength": 4.745891, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.953933, "energy": 55.431534, "activity_lines": [ 10.048394, 9.905393, 9.797802, 9.668352 ] }, { "date": "2025-11-14", "close": 10.182199, "volume": 17827400, "typical_volume": 11887145.0, "trend": 9.606187, "fair_value": 10.575497, "relative_strength": 7.300179, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.623187, "energy": 58.704075, "activity_lines": [ 10.123456, 9.973927, 9.853515, 9.708356 ] }, { "date": "2025-11-21", "close": 9.986387, "volume": 9802300, "typical_volume": 11880040.0, "trend": 9.620873, "fair_value": 10.558657, "relative_strength": 6.220932, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.50981, "energy": 46.82633, "activity_lines": [ 10.103874, 9.992618, 9.881022, 9.732885 ] }, { "date": "2025-11-28", "close": 9.594765, "volume": 7855100, "typical_volume": 12036135.0, "trend": 9.604555, "fair_value": 10.540497, "relative_strength": 1.727873, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 31.600628, "energy": 19.555877, "activity_lines": [ 9.927644, 9.936545, 9.865171, 9.731201 ] }, { "date": "2025-12-05", "close": 9.69267, "volume": 4048400, "typical_volume": 11405650.0, "trend": 9.606187, "fair_value": 10.525342, "relative_strength": 1.256988, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 27.824425, "energy": 14.183874, "activity_lines": [ 9.823211, 9.900942, 9.853982, 9.736886 ] }, { "date": "2025-12-12", "close": 10.084293, "volume": 6709900, "typical_volume": 11271190.0, "trend": 9.622505, "fair_value": 10.512697, "relative_strength": 6.717684, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.018998, "energy": 19.090897, "activity_lines": [ 9.875428, 9.937435, 9.878924, 9.767731 ] }, { "date": "2025-12-19", "close": 10.182199, "volume": 6182400, "typical_volume": 10811055.0, "trend": 9.632295, "fair_value": 10.502464, "relative_strength": 7.53005, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.034419, "energy": 18.758376, "activity_lines": [ 9.966806, 9.982827, 9.909695, 9.803841 ] }, { "date": "2025-12-26", "close": 9.888482, "volume": 3554800, "typical_volume": 10333170.0, "trend": 9.638822, "fair_value": 10.489753, "relative_strength": 3.515908, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 32.040355, "energy": 16.945072, "activity_lines": [ 9.960279, 9.966806, 9.911093, 9.820369 ] }, { "date": "2026-01-02", "close": 10.378011, "volume": 6560000, "typical_volume": 10108515.0, "trend": 9.65514, "fair_value": 10.479586, "relative_strength": 8.179758, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.722343, "energy": 41.337574, "activity_lines": [ 10.123456, 10.03445, 9.959114, 9.868058 ] }, { "date": "2026-01-09", "close": 10.475916, "volume": 18111800, "typical_volume": 10201015.0, "trend": 9.689407, "fair_value": 10.465291, "relative_strength": 9.298165, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.555738, "energy": 50.054556, "activity_lines": [ 10.267051, 10.116335, 10.015526, 9.921012 ] }, { "date": "2026-01-16", "close": 10.084293, "volume": 7803500, "typical_volume": 9748500.0, "trend": 9.749782, "fair_value": 10.451457, "relative_strength": 3.216834, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.109479, "energy": 36.401968, "activity_lines": [ 10.227888, 10.119895, 10.032776, 9.946488 ] }, { "date": "2026-01-23", "close": 9.594765, "volume": 13553900, "typical_volume": 9738835.0, "trend": 9.797103, "fair_value": 10.432702, "relative_strength": -4.801234, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 19.826558, "energy": 13.32556, "activity_lines": [ 10.02555, 10.036231, 10.00084, 9.936487 ] }, { "date": "2026-01-30", "close": 9.35, "volume": 21692300, "typical_volume": 9725720.0, "trend": 9.818316, "fair_value": 10.414756, "relative_strength": -8.100531, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.92607, "energy": 16.88704, "activity_lines": [ 9.780785, 9.918744, 9.944661, 9.907642 ] }, { "date": "2026-02-06", "close": 9.594765, "volume": 13259300, "typical_volume": 9689490.0, "trend": 9.850951, "fair_value": 10.403135, "relative_strength": -7.785973, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.001612, "energy": 22.431567, "activity_lines": [ 9.653508, 9.85733, 9.913891, 9.893219 ] }, { "date": "2026-02-13", "close": 9.594765, "volume": 19625100, "typical_volume": 10306780.0, "trend": 9.855847, "fair_value": 10.392703, "relative_strength": -12.814989, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.118098, "energy": 33.546534, "activity_lines": [ 9.578447, 9.795917, 9.88382, 9.876691 ] }, { "date": "2026-02-20", "close": 9.545812, "volume": 27239900, "typical_volume": 11320285.0, "trend": 9.862374, "fair_value": 10.380769, "relative_strength": -16.088144, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -55.705388, "energy": 55.11582, "activity_lines": [ 9.545812, 9.727383, 9.849786, 9.856689 ] }, { "date": "2026-02-27", "close": 9.545812, "volume": 16492700, "typical_volume": 11958030.0, "trend": 9.850951, "fair_value": 10.370023, "relative_strength": -18.708931, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.860943, "energy": 48.372745, "activity_lines": [ 9.549076, 9.668639, 9.815985, 9.836265 ] }, { "date": "2026-03-06", "close": 9.05, "volume": 18918000, "typical_volume": 12391460.0, "trend": 9.823002, "fair_value": 10.35489, "relative_strength": -16.417302, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.892212, "energy": 56.487254, "activity_lines": [ 9.390332, 9.531319, 9.735897, 9.784591 ] }, { "date": "2026-03-13", "close": 8.9, "volume": 8679400, "typical_volume": 12126865.0, "trend": 9.780262, "fair_value": 10.342423, "relative_strength": -17.626262, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.946699, "energy": 65.947861, "activity_lines": [ 9.201588, 9.381971, 9.644116, 9.725043 ] }, { "date": "2026-03-20", "close": 9.1, "volume": 17561700, "typical_volume": 12627975.0, "trend": 9.747452, "fair_value": 10.331842, "relative_strength": -17.069632, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.487942, "energy": 61.572336, "activity_lines": [ 9.125829, 9.295859, 9.57749, 9.681155 ] }, { "date": "2026-03-27", "close": 9.4, "volume": 14997800, "typical_volume": 13023785.0, "trend": 9.742592, "fair_value": 10.323789, "relative_strength": -15.007829, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.602966, "energy": 52.902527, "activity_lines": [ 9.183054, 9.28931, 9.544121, 9.658739 ] }, { "date": "2026-04-03", "close": 9.35, "volume": 24808500, "typical_volume": 13372840.0, "trend": 9.74096, "fair_value": 10.315415, "relative_strength": -15.686891, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.548246, "energy": 36.873839, "activity_lines": [ 9.233333, 9.286112, 9.509716, 9.63341 ] }, { "date": "2026-04-10", "close": 9.3, "volume": 4060900, "typical_volume": 13085770.0, "trend": 9.724607, "fair_value": 10.305512, "relative_strength": -18.770276, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.647556, "energy": 25.249085, "activity_lines": [ 9.28, 9.278272, 9.474512, 9.604961 ] }, { "date": "2026-04-17", "close": 9.3, "volume": 2530700, "typical_volume": 12819550.0, "trend": 9.709887, "fair_value": 10.296213, "relative_strength": -17.134974, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.274629, "energy": 20.891659, "activity_lines": [ 9.31, 9.271342, 9.442576, 9.577567 ] }, { "date": "2026-04-24", "close": 9.05, "volume": 5248200, "typical_volume": 12879540.0, "trend": 9.686833, "fair_value": 10.289543, "relative_strength": -17.479652, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.169695, "energy": 29.114648, "activity_lines": [ 9.23, 9.224317, 9.388234, 9.534994 ] }, { "date": "2026-05-01", "close": 9.15, "volume": 7932400, "typical_volume": 12940665.0, "trend": 9.672007, "fair_value": 10.284723, "relative_strength": -18.190174, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.731456, "energy": 32.374637, "activity_lines": [ 9.186667, 9.205378, 9.346476, 9.500359 ] }, { "date": "2026-05-08", "close": 8.95, "volume": 9800400, "typical_volume": 13121565.0, "trend": 9.64562, "fair_value": 10.275599, "relative_strength": -19.923084, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.765019, "energy": 49.577475, "activity_lines": [ 9.093333, 9.157273, 9.29012, 9.453778 ] }, { "date": "2026-05-15", "close": 8.6, "volume": 20062600, "typical_volume": 13946955.0, "trend": 9.612461, "fair_value": 10.264231, "relative_strength": -23.480355, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.036807, "energy": 66.152643, "activity_lines": [ 8.91, 9.056364, 9.206298, 9.386319 ] }, { "date": "2026-05-22", "close": 8.6, "volume": 8070500, "typical_volume": 14022480.0, "trend": 9.559721, "fair_value": 10.247422, "relative_strength": -23.954432, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.913131, "energy": 73.346496, "activity_lines": [ 8.773333, 8.963636, 9.128611, 9.320999 ] }, { "date": "2026-05-29", "close": 8.55, "volume": 4095100, "typical_volume": 13321645.0, "trend": 9.508578, "fair_value": 10.227271, "relative_strength": -25.244804, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.76784, "energy": 77.441025, "activity_lines": [ 8.666667, 8.867273, 9.05463, 9.255856 ] }, { "date": "2026-06-05", "close": 8.65, "volume": 1842500, "typical_volume": 13023595.0, "trend": 9.457504, "fair_value": 10.210783, "relative_strength": -24.405477, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.536126, "energy": 78.363785, "activity_lines": [ 8.626667, 8.799091, 8.999343, 9.200463 ] }, { "date": "2026-06-12", "close": 8.55, "volume": 203700, "typical_volume": 12356085.0, "trend": 9.403098, "fair_value": 10.191236, "relative_strength": -25.133152, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.346446, "energy": 78.525786, "activity_lines": [ 8.586667, 8.726364, 8.941363, 9.141915 ] }, { "date": "2026-06-19", "close": 8.6, "volume": 2829700, "typical_volume": 11412955.0, "trend": 9.356885, "fair_value": 10.173823, "relative_strength": -23.272784, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.308468, "energy": 77.229541, "activity_lines": [ 8.59, 8.677273, 8.893119, 9.090102 ] }, { "date": "2026-06-26", "close": 8.85, "volume": 1757300, "typical_volume": 10837855.0, "trend": 9.332059, "fair_value": 10.153176, "relative_strength": -19.102289, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.294887, "energy": 56.400049, "activity_lines": [ 8.676667, 8.686364, 8.872256, 9.0574 ] }, { "date": "2026-07-03", "close": 9.3, "volume": 3822300, "typical_volume": 10047715.0, "trend": 9.31897, "fair_value": 10.136019, "relative_strength": -18.180547, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.555742, "energy": 16.068946, "activity_lines": [ 8.896667, 8.785455, 8.897797, 9.055331 ] }, { "date": "2026-07-10", "close": 9.2, "volume": 12846900, "typical_volume": 9328065.0, "trend": 9.289494, "fair_value": 10.11822, "relative_strength": -19.12955, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -8.728135, "energy": 21.815223, "activity_lines": [ 9.033333, 8.861818, 8.915218, 9.047656 ] }, { "date": "2026-07-17", "close": 9.6, "volume": 23184700, "typical_volume": 9662665.0, "trend": 9.270087, "fair_value": 10.107218, "relative_strength": -16.0599, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 22.335231, "energy": 36.36896, "activity_lines": [ 9.266667, 9.01, 8.972381, 9.067688 ] }, { "date": "2026-07-24", "close": 9.65, "volume": 27696500, "typical_volume": 10101590.0, "trend": 9.262138, "fair_value": 10.097744, "relative_strength": -15.439874, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 41.704526, "energy": 48.980105, "activity_lines": [ 9.446667, 9.155455, 9.034048, 9.092199 ] }, { "date": "2026-07-31", "close": 9.8, "volume": 14750800, "typical_volume": 10405160.0, "trend": 9.242871, "fair_value": 10.089233, "relative_strength": -12.65103, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 43.697428, "energy": 67.042887, "activity_lines": [ 9.606667, 9.309091, 9.107143, 9.1269 ] }, { "date": "2026-08-07", "close": 9.9, "volume": 17837600, "typical_volume": 10418955.0, "trend": 9.223674, "fair_value": 10.08378, "relative_strength": -10.734172, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 53.02852, "energy": 77.047224, "activity_lines": [ 9.736667, 9.459091, 9.185476, 9.169295 ] } ], "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." } } }