{ "ticker": { "uuid": "5a20a61f-2305-4e8d-a50b-c3f323f878c9", "symbol": "4432", "name": "Hakers Enterprise Co., Ltd.", "exchange": "TWO", "country": "TW", "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": "2026-08-14", "benchmark": "^TWII", "stage": 1, "stage_name": "Basing", "phase": "1a", "phase_label": "Stage 1A \u00b7 Bottoming", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 62.243, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 28.866, "architecture_energy": 13.561, "architecture_maturity": 23.722, "architecture_confidence": 59.675, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 61.73, "rotation_up": 29.59, "upward_expansion": 46.07, "deceleration": 79.09, "rotation_down": 24.46, "downward_expansion": 24.07 }, "activity_lines": [ 16.08, 16.097273, 16.101905, 15.970538 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 16.549999, "trend_reference": 15.933333, "distance_from_trend": 0.038703, "trend_direction": "Weakening", "fair_value": 19.747784, "distance_from_fair_value": -0.161931, "fair_value_direction": "Weakening", "relative_strength": -28.271095, "relative_strength_direction": "Improving", "price_momentum": 0.024768, "excess_performance": -0.416604, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.038703, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.003336, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.161931, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.021861, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.282711, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.02586, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.024768, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.209889, "read": "Supply-led" } ], "volume": { "latest": 204016, "relative_activity": 0.812904, "balance": 0.209889, "dry_up": 0.566833, "accumulation_observations": 0, "distribution_observations": 4 }, "risk": { "range_context": 0.059029, "annualized_volatility": 0.351559, "from_high_reference": -0.117961, "from_low_reference": 0.182143 }, "levels": { "trend_reference": 15.933333, "fair_value_reference": 19.747784, "structural_low": 14.0, "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": 28, "median_return": -0.017187, "positive_rate": 0.428571, "directional_follow_through": 0.428571, "median_excess_return": 0.007914, "regime_survival": 0.5, "best_return": 0.171548, "worst_return": -0.177936, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 12, "median_return": -0.010197, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.067674, "regime_survival": 0.416667, "best_return": 1.107023, "worst_return": -0.138235, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": 5.2e-05, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.115072, "regime_survival": 0.375, "best_return": 0.866667, "worst_return": -0.24154, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.005314, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.261507, "regime_survival": 0.5, "best_return": 0.746667, "worst_return": -0.268731, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-21", "end": "2024-08-23", "tenure": "Developing", "return": 0.078001, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-08-30", "end": "2024-09-13", "tenure": "New", "return": -0.11359, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-20", "end": "2024-11-29", "tenure": "Developing", "return": 0.013423, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-12-06", "end": "2024-12-20", "tenure": "New", "return": -0.002207, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-27", "end": "2025-01-10", "tenure": "New", "return": 0.002193, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-17", "end": "2025-02-14", "tenure": "New", "return": 0.038117, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-21", "end": "2025-03-28", "tenure": "Developing", "return": 0.052632, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-04-04", "end": "2025-04-04", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-11", "end": "2025-04-18", "tenure": "New", "return": 0.048346, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2026-01-09", "tenure": "Extended", "return": -0.145506, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-16", "end": "2026-02-27", "tenure": "Developing", "return": -0.070588, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-06", "end": "2026-05-08", "tenure": "Developing", "return": -0.078176, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-15", "end": "2026-06-26", "tenure": "Developing", "return": -0.114943, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-03", "end": "2026-08-14", "tenure": "Developing", "return": -0.008982, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 23.838339, "volume": 1133000, "typical_volume": 1002050.0, "trend": 22.127883, "fair_value": 17.458331, "relative_strength": -4.28497, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 37.152969, "energy": 21.905498, "activity_lines": [ 22.8281, 22.733877, 22.230085, 22.1246 ] }, { "date": "2023-08-18", "close": 22.411722, "volume": 1801000, "typical_volume": 945850.0, "trend": 22.135766, "fair_value": 17.514317, "relative_strength": -8.523696, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.824342, "energy": 22.536, "activity_lines": [ 22.710841, 22.681258, 22.298323, 22.142912 ] }, { "date": "2023-08-25", "close": 23.102022, "volume": 584000, "typical_volume": 948800.0, "trend": 22.181805, "fair_value": 17.57036, "relative_strength": -5.913422, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 51.39044, "energy": 29.968496, "activity_lines": [ 22.868506, 22.749849, 22.425551, 22.205251 ] }, { "date": "2023-09-01", "close": 23.516201, "volume": 390000, "typical_volume": 906300.0, "trend": 22.235591, "fair_value": 17.622649, "relative_strength": -4.455027, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.166451, "energy": 45.757621, "activity_lines": [ 23.135769, 22.897549, 22.57894, 22.291341 ] }, { "date": "2023-09-08", "close": 23.746298, "volume": 1148000, "typical_volume": 900700.0, "trend": 22.290989, "fair_value": 17.656897, "relative_strength": -2.729516, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.636984, "energy": 41.531885, "activity_lines": [ 23.384276, 23.07675, 22.741366, 22.388806 ] }, { "date": "2023-09-15", "close": 22.5958, "volume": 571000, "typical_volume": 888600.0, "trend": 22.294404, "fair_value": 17.684061, "relative_strength": -8.79658, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.183166, "energy": 40.005173, "activity_lines": [ 23.141904, 23.025641, 22.77592, 22.408472 ] }, { "date": "2023-09-22", "close": 22.549782, "volume": 379000, "typical_volume": 892800.0, "trend": 22.19783, "fair_value": 17.71326, "relative_strength": -5.338206, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.502637, "energy": 25.844619, "activity_lines": [ 22.967029, 22.958519, 22.794351, 22.424948 ] }, { "date": "2023-09-29", "close": 22.825901, "volume": 342000, "typical_volume": 865200.0, "trend": 22.10743, "fair_value": 17.756464, "relative_strength": -3.868598, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 35.532854, "energy": 17.32653, "activity_lines": [ 22.874989, 22.951315, 22.827559, 22.465468 ] }, { "date": "2023-10-06", "close": 22.549782, "volume": 341000, "typical_volume": 821200.0, "trend": 22.082047, "fair_value": 17.794693, "relative_strength": -5.57242, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 29.776266, "energy": 17.582016, "activity_lines": [ 22.709317, 22.891166, 22.820768, 22.494007 ] }, { "date": "2023-10-13", "close": 22.549782, "volume": 138000, "typical_volume": 782700.0, "trend": 22.09756, "fair_value": 17.846031, "relative_strength": -6.6932, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.220413, "energy": 15.956854, "activity_lines": [ 22.608074, 22.822554, 22.806136, 22.524184 ] }, { "date": "2023-10-20", "close": 21.767441, "volume": 430000, "typical_volume": 750250.0, "trend": 22.050643, "fair_value": 17.887401, "relative_strength": -7.727051, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -0.065798, "energy": 9.550541, "activity_lines": [ 22.325818, 22.604168, 22.713047, 22.502886 ] }, { "date": "2023-10-27", "close": 22.457741, "volume": 329000, "typical_volume": 717850.0, "trend": 22.099442, "fair_value": 17.927662, "relative_strength": -2.923965, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.850134, "energy": 13.170056, "activity_lines": [ 22.328885, 22.548944, 22.686993, 22.52915 ] }, { "date": "2023-11-03", "close": 21.997541, "volume": 158000, "typical_volume": 597450.0, "trend": 22.155621, "fair_value": 17.972547, "relative_strength": -6.906819, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 3.563326, "energy": 14.114137, "activity_lines": [ 22.184689, 22.409211, 22.615767, 22.522576 ] }, { "date": "2023-11-10", "close": 21.031124, "volume": 660000, "typical_volume": 618700.0, "trend": 22.162924, "fair_value": 18.014732, "relative_strength": -11.542385, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.340067, "energy": 40.195722, "activity_lines": [ 21.773578, 22.113847, 22.458756, 22.450028 ] }, { "date": "2023-11-17", "close": 22.089581, "volume": 826000, "typical_volume": 639200.0, "trend": 22.235804, "fair_value": 18.063993, "relative_strength": -9.562381, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.650692, "energy": 31.772351, "activity_lines": [ 21.81653, 22.056113, 22.411677, 22.445296 ] }, { "date": "2023-11-24", "close": 21.997541, "volume": 429000, "typical_volume": 599350.0, "trend": 22.298041, "fair_value": 18.115868, "relative_strength": -9.889688, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.727049, "energy": 32.012679, "activity_lines": [ 21.859482, 22.011766, 22.358188, 22.429924 ] }, { "date": "2023-12-01", "close": 22.043562, "volume": 508000, "typical_volume": 573500.0, "trend": 22.361813, "fair_value": 18.161922, "relative_strength": -10.133156, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.120406, "energy": 24.778375, "activity_lines": [ 21.902434, 21.986664, 22.309929, 22.413506 ] }, { "date": "2023-12-08", "close": 22.319681, "volume": 700000, "typical_volume": 584400.0, "trend": 22.440848, "fair_value": 18.208871, "relative_strength": -8.2661, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -35.230094, "energy": 15.983054, "activity_lines": [ 22.065037, 22.02097, 22.292921, 22.410788 ] }, { "date": "2023-12-15", "close": 22.871922, "volume": 626000, "typical_volume": 589450.0, "trend": 22.506482, "fair_value": 18.258195, "relative_strength": -7.024196, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.981542, "energy": 12.96761, "activity_lines": [ 22.390246, 22.164887, 22.3302, 22.438599 ] }, { "date": "2023-12-22", "close": 22.779881, "volume": 833000, "typical_volume": 616300.0, "trend": 22.541783, "fair_value": 18.307804, "relative_strength": -6.392803, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 3.243826, "energy": 11.436828, "activity_lines": [ 22.562053, 22.286212, 22.354963, 22.456238 ] }, { "date": "2023-12-29", "close": 22.5958, "volume": 746000, "typical_volume": 596950.0, "trend": 22.560346, "fair_value": 18.361184, "relative_strength": -8.245064, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.775853, "energy": 14.767368, "activity_lines": [ 22.626481, 22.369885, 22.359127, 22.459722 ] }, { "date": "2024-01-05", "close": 22.273663, "volume": 356000, "typical_volume": 524700.0, "trend": 22.563626, "fair_value": 18.415121, "relative_strength": -6.779862, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.377789, "energy": 14.188759, "activity_lines": [ 22.543646, 22.379926, 22.338528, 22.441227 ] }, { "date": "2024-01-12", "close": 22.91794, "volume": 382000, "typical_volume": 514600.0, "trend": 22.550515, "fair_value": 18.468818, "relative_strength": -3.480618, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.096936, "energy": 13.854528, "activity_lines": [ 22.660229, 22.510455, 22.379946, 22.464086 ] }, { "date": "2024-01-19", "close": 22.181622, "volume": 595155, "typical_volume": 524857.75, "trend": 22.524977, "fair_value": 18.517795, "relative_strength": -7.155016, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.811737, "energy": 8.856043, "activity_lines": [ 22.491489, 22.490374, 22.352115, 22.440286 ] }, { "date": "2024-01-26", "close": 22.871922, "volume": 744000, "typical_volume": 504657.75, "trend": 22.534567, "fair_value": 18.575276, "relative_strength": -5.687157, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.969777, "energy": 8.504796, "activity_lines": [ 22.59887, 22.574883, 22.396381, 22.46267 ] }, { "date": "2024-02-02", "close": 21.767441, "volume": 503000, "typical_volume": 501257.75, "trend": 22.520973, "fair_value": 18.625094, "relative_strength": -10.310033, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.739719, "energy": 17.507007, "activity_lines": [ 22.331953, 22.444354, 22.339623, 22.413178 ] }, { "date": "2024-02-09", "close": 21.859482, "volume": 95000, "typical_volume": 487057.75, "trend": 22.480153, "fair_value": 18.676667, "relative_strength": -9.841137, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.18816, "energy": 25.864773, "activity_lines": [ 22.150942, 22.334743, 22.295576, 22.370501 ] }, { "date": "2024-02-16", "close": 21.951521, "volume": 255000, "typical_volume": 482707.75, "trend": 22.456034, "fair_value": 18.732325, "relative_strength": -11.60197, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.76417, "energy": 41.394482, "activity_lines": [ 22.028221, 22.245213, 22.263581, 22.336396 ] }, { "date": "2024-02-23", "close": 21.859482, "volume": 249000, "typical_volume": 478107.75, "trend": 22.448537, "fair_value": 18.786228, "relative_strength": -12.677368, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.058456, "energy": 48.570386, "activity_lines": [ 21.93925, 22.145642, 22.226984, 22.297909 ] }, { "date": "2024-03-01", "close": 22.319681, "volume": 343000, "typical_volume": 488357.75, "trend": 22.454673, "fair_value": 18.84046, "relative_strength": -10.464717, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.037458, "energy": 37.545418, "activity_lines": [ 22.025153, 22.148152, 22.237503, 22.289595 ] }, { "date": "2024-03-08", "close": 22.779881, "volume": 1299000, "typical_volume": 531807.75, "trend": 22.419391, "fair_value": 18.892107, "relative_strength": -12.092126, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -17.066648, "energy": 6.765187, "activity_lines": [ 22.301273, 22.242702, 22.292946, 22.310576 ] }, { "date": "2024-03-15", "close": 23.2861, "volume": 1064000, "typical_volume": 568557.75, "trend": 22.448537, "fair_value": 18.948456, "relative_strength": -9.341663, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 33.697621, "energy": 24.291075, "activity_lines": [ 22.678637, 22.425945, 22.391779, 22.366493 ] }, { "date": "2024-03-22", "close": 23.976398, "volume": 889000, "typical_volume": 605107.75, "trend": 22.477683, "fair_value": 19.000782, "relative_strength": -8.809348, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 46.413695, "energy": 52.213824, "activity_lines": [ 23.190992, 22.716289, 22.552411, 22.465065 ] }, { "date": "2024-03-29", "close": 22.963963, "volume": 510000, "typical_volume": 597607.75, "trend": 22.459275, "fair_value": 19.047492, "relative_strength": -12.696784, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 55.815294, "energy": 57.113071, "activity_lines": [ 23.230877, 22.803309, 22.607197, 22.496438 ] }, { "date": "2024-04-05", "close": 22.641821, "volume": 344000, "typical_volume": 573507.75, "trend": 22.422459, "fair_value": 19.094759, "relative_strength": -13.887785, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.652794, "energy": 54.418614, "activity_lines": [ 23.089749, 22.817534, 22.622098, 22.508215 ] }, { "date": "2024-04-12", "close": 22.135601, "volume": 1492000, "typical_volume": 626657.75, "trend": 22.407119, "fair_value": 19.141694, "relative_strength": -17.138175, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.700862, "energy": 20.282621, "activity_lines": [ 22.758405, 22.743902, 22.586159, 22.489708 ] }, { "date": "2024-04-19", "close": 23.562222, "volume": 682000, "typical_volume": 635357.75, "trend": 22.440867, "fair_value": 19.188743, "relative_strength": -6.238299, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.110308, "energy": 23.809987, "activity_lines": [ 22.945553, 22.922961, 22.685431, 22.564231 ] }, { "date": "2024-04-26", "close": 21.629381, "volume": 550000, "typical_volume": 627857.75, "trend": 22.400983, "fair_value": 19.222529, "relative_strength": -16.19614, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.318979, "energy": 10.413241, "activity_lines": [ 22.470013, 22.719637, 22.593391, 22.511877 ] }, { "date": "2024-05-03", "close": 21.997541, "volume": 503000, "typical_volume": 621707.75, "trend": 22.382575, "fair_value": 19.256053, "relative_strength": -15.387645, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.754269, "energy": 10.653306, "activity_lines": [ 22.273661, 22.589107, 22.539701, 22.485848 ] }, { "date": "2024-05-10", "close": 21.813461, "volume": 451000, "typical_volume": 602607.75, "trend": 22.358031, "fair_value": 19.297428, "relative_strength": -17.339089, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.571143, "energy": 17.760272, "activity_lines": [ 22.080377, 22.422599, 22.472643, 22.449131 ] }, { "date": "2024-05-17", "close": 22.135601, "volume": 372000, "typical_volume": 583907.75, "trend": 22.370303, "fair_value": 19.345819, "relative_strength": -17.976337, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.783408, "energy": 18.049732, "activity_lines": [ 22.049697, 22.323865, 22.440867, 22.434781 ] }, { "date": "2024-05-24", "close": 22.089581, "volume": 237000, "typical_volume": 577957.75, "trend": 22.358031, "fair_value": 19.402653, "relative_strength": -18.953475, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.631598, "energy": 23.550735, "activity_lines": [ 22.003677, 22.228478, 22.4069, 22.41667 ] }, { "date": "2024-05-31", "close": 22.135601, "volume": 360000, "typical_volume": 576857.75, "trend": 22.362633, "fair_value": 19.459201, "relative_strength": -16.938481, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.601055, "energy": 15.305282, "activity_lines": [ 22.071173, 22.163213, 22.378192, 22.402319 ] }, { "date": "2024-06-07", "close": 21.859482, "volume": 379000, "typical_volume": 566050.0, "trend": 22.390245, "fair_value": 19.508152, "relative_strength": -20.159935, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -50.065246, "energy": 24.639514, "activity_lines": [ 22.012881, 22.081214, 22.326913, 22.369858 ] }, { "date": "2024-06-14", "close": 21.353264, "volume": 606000, "typical_volume": 559150.0, "trend": 22.365701, "fair_value": 19.554732, "relative_strength": -23.781283, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -58.576523, "energy": 36.848475, "activity_lines": [ 21.795054, 21.927257, 22.228956, 22.302956 ] }, { "date": "2024-06-21", "close": 21.537342, "volume": 2124000, "typical_volume": 640200.0, "trend": 22.350361, "fair_value": 19.603075, "relative_strength": -25.127688, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.380317, "energy": 41.374976, "activity_lines": [ 21.669266, 21.830196, 22.155763, 22.249513 ] }, { "date": "2024-06-28", "close": 21.399282, "volume": 418000, "typical_volume": 656350.0, "trend": 22.328885, "fair_value": 19.650824, "relative_strength": -24.416301, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.51973, "energy": 51.879889, "activity_lines": [ 21.537342, 21.718912, 22.070516, 22.188153 ] }, { "date": "2024-07-05", "close": 21.031124, "volume": 274000, "typical_volume": 657300.0, "trend": 22.285933, "fair_value": 19.695048, "relative_strength": -26.86909, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.592131, "energy": 59.135851, "activity_lines": [ 21.328719, 21.580015, 21.952398, 22.104427 ] }, { "date": "2024-07-12", "close": 21.583363, "volume": 612000, "typical_volume": 675450.0, "trend": 22.242981, "fair_value": 19.744851, "relative_strength": -25.571693, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.772329, "energy": 49.393512, "activity_lines": [ 21.377807, 21.552404, 21.891258, 22.0591 ] }, { "date": "2024-07-19", "close": 21.031124, "volume": 316000, "typical_volume": 674100.0, "trend": 22.18469, "fair_value": 19.791406, "relative_strength": -23.654983, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.567401, "energy": 58.910088, "activity_lines": [ 21.261223, 21.431915, 21.778838, 21.980915 ] }, { "date": "2024-07-26", "close": 21.169184, "volume": 109000, "typical_volume": 614600.0, "trend": 22.137136, "fair_value": 19.839719, "relative_strength": -20.139985, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.378103, "energy": 61.125825, "activity_lines": [ 21.212136, 21.350753, 21.685702, 21.915399 ] }, { "date": "2024-08-02", "close": 20.939083, "volume": 204000, "typical_volume": 571600.0, "trend": 22.09265, "fair_value": 19.888887, "relative_strength": -18.800184, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.055135, "energy": 60.521858, "activity_lines": [ 21.110892, 21.245325, 21.578322, 21.838105 ] }, { "date": "2024-08-09", "close": 21.583363, "volume": 751000, "typical_volume": 564700.0, "trend": 22.048164, "fair_value": 19.941021, "relative_strength": -15.052251, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.380239, "energy": 33.247087, "activity_lines": [ 21.255087, 21.277958, 21.543479, 21.805248 ] }, { "date": "2024-08-16", "close": 22.696074, "volume": 2193000, "typical_volume": 648850.0, "trend": 22.065312, "fair_value": 20.002908, "relative_strength": -13.696903, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.989285, "energy": 9.454897, "activity_lines": [ 21.733371, 21.522942, 21.626003, 21.847049 ] }, { "date": "2024-08-23", "close": 23.217278, "volume": 943000, "typical_volume": 678800.0, "trend": 22.076824, "fair_value": 20.067263, "relative_strength": -10.434867, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 26.269057, "energy": 25.138841, "activity_lines": [ 22.311208, 21.84748, 21.759441, 21.921369 ] }, { "date": "2024-08-30", "close": 23.359425, "volume": 613000, "typical_volume": 634850.0, "trend": 22.12989, "fair_value": 20.131655, "relative_strength": -9.792338, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 30.13607, "energy": 35.760963, "activity_lines": [ 22.790685, 22.163971, 21.903677, 22.004117 ] }, { "date": "2024-09-06", "close": 22.648691, "volume": 907000, "typical_volume": 646100.0, "trend": 22.156197, "fair_value": 20.192657, "relative_strength": -8.570031, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 18.933118, "energy": 35.057613, "activity_lines": [ 22.887233, 22.31811, 21.974396, 22.037588 ] }, { "date": "2024-09-13", "close": 20.706022, "volume": 1354000, "typical_volume": 686300.0, "trend": 22.114681, "fair_value": 20.244118, "relative_strength": -17.129468, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -8.504828, "energy": 13.147939, "activity_lines": [ 22.222252, 22.096319, 21.86445, 21.944029 ] }, { "date": "2024-09-20", "close": 21.179844, "volume": 295000, "typical_volume": 675900.0, "trend": 22.092026, "fair_value": 20.293082, "relative_strength": -16.167262, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -36.956018, "energy": 16.601605, "activity_lines": [ 21.773701, 21.966589, 21.804026, 21.883717 ] }, { "date": "2024-09-27", "close": 22.743456, "volume": 779000, "typical_volume": 692300.0, "trend": 22.106152, "fair_value": 20.342748, "relative_strength": -12.002269, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.692475, "energy": 7.176852, "activity_lines": [ 21.947435, 22.128488, 21.896411, 21.925744 ] }, { "date": "2024-10-04", "close": 22.648691, "volume": 298000, "typical_volume": 688600.0, "trend": 22.101779, "fair_value": 20.386855, "relative_strength": -9.790145, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.522316, "energy": 9.565626, "activity_lines": [ 22.12117, 22.242024, 21.975343, 21.960747 ] }, { "date": "2024-10-11", "close": 22.696074, "volume": 525000, "typical_volume": 703000.0, "trend": 22.082111, "fair_value": 20.436217, "relative_strength": -11.432029, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 21.330476, "energy": 12.872275, "activity_lines": [ 22.358081, 22.337275, 22.056344, 21.999089 ] }, { "date": "2024-10-18", "close": 22.648691, "volume": 363000, "typical_volume": 703150.0, "trend": 22.037854, "fair_value": 20.490519, "relative_strength": -13.284594, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 21.773752, "energy": 28.437032, "activity_lines": [ 22.576039, 22.391966, 22.129944, 22.035642 ] }, { "date": "2024-10-25", "close": 22.601309, "volume": 189000, "typical_volume": 693650.0, "trend": 22.025766, "fair_value": 20.546556, "relative_strength": -12.308674, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 48.249472, "energy": 36.831059, "activity_lines": [ 22.648691, 22.418672, 22.196589, 22.071994 ] }, { "date": "2024-11-01", "close": 22.222252, "volume": 278000, "typical_volume": 677250.0, "trend": 22.01178, "fair_value": 20.596959, "relative_strength": -11.075017, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 46.909104, "energy": 26.922716, "activity_lines": [ 22.500227, 22.378182, 22.2236, 22.084671 ] }, { "date": "2024-11-08", "close": 22.648691, "volume": 228000, "typical_volume": 582450.0, "trend": 22.028883, "fair_value": 20.647474, "relative_strength": -11.884066, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.327993, "energy": 27.077832, "activity_lines": [ 22.528656, 22.433318, 22.287086, 22.125762 ] }, { "date": "2024-11-15", "close": 21.085079, "volume": 496000, "typical_volume": 586350.0, "trend": 21.946312, "fair_value": 20.691461, "relative_strength": -14.504567, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.49286, "energy": 8.993969, "activity_lines": [ 22.035882, 22.217083, 22.196365, 22.064871 ] }, { "date": "2024-11-22", "close": 21.037697, "volume": 136000, "typical_volume": 579450.0, "trend": 21.926589, "fair_value": 20.735145, "relative_strength": -14.763323, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.51647, "energy": 19.825569, "activity_lines": [ 21.634712, 22.020662, 22.102628, 22.006251 ] }, { "date": "2024-11-29", "close": 21.464136, "volume": 168000, "typical_volume": 557250.0, "trend": 21.908809, "fair_value": 20.785348, "relative_strength": -10.046893, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.927278, "energy": 27.443378, "activity_lines": [ 21.483089, 21.895745, 22.049472, 21.976415 ] }, { "date": "2024-12-06", "close": 21.464136, "volume": 168000, "typical_volume": 549850.0, "trend": 21.897165, "fair_value": 20.838174, "relative_strength": -13.097866, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -15.627501, "energy": 33.885539, "activity_lines": [ 21.407278, 21.765659, 21.996884, 21.947726 ] }, { "date": "2024-12-13", "close": 21.653666, "volume": 320000, "typical_volume": 560400.0, "trend": 21.8811, "fair_value": 20.89338, "relative_strength": -11.105034, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -14.597401, "energy": 34.891128, "activity_lines": [ 21.445184, 21.693294, 21.960285, 21.932017 ] }, { "date": "2024-12-20", "close": 21.416754, "volume": 73000, "typical_volume": 553850.0, "trend": 21.858673, "fair_value": 20.947649, "relative_strength": -9.520477, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.656189, "energy": 22.959437, "activity_lines": [ 21.470454, 21.595945, 21.898815, 21.902059 ] }, { "date": "2024-12-27", "close": 21.606283, "volume": 171000, "typical_volume": 524850.0, "trend": 21.841029, "fair_value": 21.00226, "relative_strength": -11.182463, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -21.644672, "energy": 16.073102, "activity_lines": [ 21.536789, 21.556316, 21.853122, 21.885776 ] }, { "date": "2025-01-03", "close": 21.227224, "volume": 158000, "typical_volume": 423100.0, "trend": 21.819953, "fair_value": 21.055023, "relative_strength": -10.775274, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -28.291675, "energy": 19.289856, "activity_lines": [ 21.438865, 21.466721, 21.771218, 21.846175 ] }, { "date": "2025-01-10", "close": 21.653666, "volume": 128000, "typical_volume": 382350.0, "trend": 21.829967, "fair_value": 21.107607, "relative_strength": -8.771307, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -11.2509, "energy": 12.554778, "activity_lines": [ 21.498883, 21.479643, 21.736922, 21.835447 ] }, { "date": "2025-01-17", "close": 21.13246, "volume": 308000, "typical_volume": 367100.0, "trend": 21.816471, "fair_value": 21.152772, "relative_strength": -10.923834, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.778279, "energy": 32.787529, "activity_lines": [ 21.37253, 21.408139, 21.660434, 21.790447 ] }, { "date": "2025-01-24", "close": 21.416755, "volume": 57000, "typical_volume": 324600.0, "trend": 21.817053, "fair_value": 21.200924, "relative_strength": -10.568232, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.967677, "energy": 30.299853, "activity_lines": [ 21.37569, 21.415893, 21.621626, 21.764659 ] }, { "date": "2025-02-07", "close": 21.274609, "volume": 55004, "typical_volume": 259650.2, "trend": 21.825169, "fair_value": 21.249913, "relative_strength": -10.477498, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.01242, "energy": 27.232803, "activity_lines": [ 21.331467, 21.391771, 21.575146, 21.729662 ] }, { "date": "2025-02-14", "close": 21.937958, "volume": 311148, "typical_volume": 260457.6, "trend": 21.836989, "fair_value": 21.302572, "relative_strength": -5.922196, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.191743, "energy": 14.262182, "activity_lines": [ 21.530472, 21.483951, 21.589135, 21.736939 ] }, { "date": "2025-02-21", "close": 21.606283, "volume": 274401, "typical_volume": 235227.65, "trend": 21.856161, "fair_value": 21.342909, "relative_strength": -9.132836, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.118236, "energy": 14.295355, "activity_lines": [ 21.571536, 21.507211, 21.567926, 21.722055 ] }, { "date": "2025-02-28", "close": 21.890577, "volume": 166119, "typical_volume": 228633.6, "trend": 21.880208, "fair_value": 21.388856, "relative_strength": -4.854098, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.937136, "energy": 9.617928, "activity_lines": [ 21.710524, 21.579577, 21.579208, 21.724275 ] }, { "date": "2025-03-07", "close": 22.032722, "volume": 191230, "typical_volume": 211945.1, "trend": 21.916662, "fair_value": 21.439791, "relative_strength": -1.828903, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.350429, "energy": 12.103493, "activity_lines": [ 21.846353, 21.67348, 21.607637, 21.734115 ] }, { "date": "2025-03-14", "close": 21.13246, "volume": 2810674, "typical_volume": 334328.8, "trend": 21.901632, "fair_value": 21.485539, "relative_strength": -2.878271, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.435771, "energy": 11.477295, "activity_lines": [ 21.64103, 21.592499, 21.553486, 21.683521 ] }, { "date": "2025-03-21", "close": 21.985342, "volume": 722212, "typical_volume": 360989.4, "trend": 21.877941, "fair_value": 21.54054, "relative_strength": 0.321029, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.233273, "energy": 5.600684, "activity_lines": [ 21.729477, 21.675203, 21.587781, 21.688922 ] }, { "date": "2025-03-28", "close": 22.743456, "volume": 948062, "typical_volume": 394492.5, "trend": 21.862147, "fair_value": 21.598071, "relative_strength": 6.968791, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.93942, "energy": 25.31525, "activity_lines": [ 22.06747, 21.881961, 21.697212, 21.744761 ] }, { "date": "2025-04-04", "close": 22.980368, "volume": 697330, "typical_volume": 417959.0, "trend": 21.849512, "fair_value": 21.656247, "relative_strength": 9.741877, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 37.891146, "energy": 36.786095, "activity_lines": [ 22.408622, 22.111981, 21.826723, 21.816905 ] }, { "date": "2025-04-11", "close": 18.621204, "volume": 994515, "typical_volume": 442884.75, "trend": 21.715262, "fair_value": 21.687062, "relative_strength": -2.713872, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -64.525491, "energy": 33.837034, "activity_lines": [ 21.224067, 21.515826, 21.539497, 21.608627 ] }, { "date": "2025-04-18", "close": 19.521467, "volume": 335010, "typical_volume": 452835.25, "trend": 21.675777, "fair_value": 21.723939, "relative_strength": 2.815764, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -63.222233, "energy": 53.531947, "activity_lines": [ 20.567034, 21.134184, 21.349742, 21.467092 ] }, { "date": "2025-04-25", "close": 19.426702, "volume": 237000, "typical_volume": 456285.25, "trend": 21.617339, "fair_value": 21.760208, "relative_strength": 0.308573, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.439456, "energy": 64.034371, "activity_lines": [ 19.985812, 20.767188, 21.158183, 21.32199 ] }, { "date": "2025-05-02", "close": 19.710995, "volume": 131500, "typical_volume": 454460.25, "trend": 21.516257, "fair_value": 21.796844, "relative_strength": -2.458875, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.384376, "energy": 65.792781, "activity_lines": [ 19.669931, 20.49754, 21.003401, 21.199 ] }, { "date": "2025-05-09", "close": 19.947905, "volume": 186000, "typical_volume": 447760.25, "trend": 21.426231, "fair_value": 21.834124, "relative_strength": -1.638248, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.344939, "energy": 62.676685, "activity_lines": [ 19.635183, 20.305426, 20.87953, 21.097816 ] }, { "date": "2025-05-16", "close": 18.715969, "volume": 684001, "typical_volume": 478310.3, "trend": 21.293561, "fair_value": 21.867003, "relative_strength": -11.290524, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.992808, "energy": 61.083951, "activity_lines": [ 19.391955, 19.924646, 20.646455, 20.92296 ] }, { "date": "2025-05-23", "close": 19.047646, "volume": 352120, "typical_volume": 487366.3, "trend": 21.173526, "fair_value": 21.900551, "relative_strength": -8.626269, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.476301, "energy": 46.570453, "activity_lines": [ 19.252968, 19.664475, 20.457829, 20.778063 ] }, { "date": "2025-05-30", "close": 19.000261, "volume": 65015, "typical_volume": 482717.05, "trend": 21.053491, "fair_value": 21.933796, "relative_strength": -7.302997, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.062637, "energy": 42.421447, "activity_lines": [ 19.129773, 19.433594, 20.276874, 20.637852 ] }, { "date": "2025-06-06", "close": 18.242147, "volume": 86000, "typical_volume": 480617.05, "trend": 20.920821, "fair_value": 21.962181, "relative_strength": -11.930677, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.608946, "energy": 52.388266, "activity_lines": [ 18.782304, 19.119148, 20.034322, 20.456475 ] }, { "date": "2025-06-13", "close": 17.957855, "volume": 452130, "typical_volume": 487823.55, "trend": 20.764459, "fair_value": 21.989035, "relative_strength": -14.602287, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.460175, "energy": 64.126999, "activity_lines": [ 18.437994, 18.834855, 19.78094, 20.265316 ] }, { "date": "2025-06-20", "close": 17.910471, "volume": 734068, "typical_volume": 521676.95, "trend": 20.658639, "fair_value": 22.002185, "relative_strength": -14.487031, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.211324, "energy": 61.545935, "activity_lines": [ 18.210559, 18.633266, 19.538163, 20.081188 ] }, { "date": "2025-06-27", "close": 17.057592, "volume": 1266138, "typical_volume": 582233.65, "trend": 20.525969, "fair_value": 22.019773, "relative_strength": -20.210494, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.846222, "energy": 72.360927, "activity_lines": [ 17.752531, 18.289529, 19.230856, 19.848862 ] }, { "date": "2025-07-04", "close": 16.962828, "volume": 549226, "typical_volume": 594137.55, "trend": 20.375925, "fair_value": 22.038792, "relative_strength": -20.252756, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.6706, "energy": 73.574901, "activity_lines": [ 17.395585, 17.973361, 18.934604, 19.618982 ] }, { "date": "2025-07-11", "close": 17.104973, "volume": 115016, "typical_volume": 586168.3, "trend": 20.23062, "fair_value": 22.060761, "relative_strength": -20.07422, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.342472, "energy": 83.163711, "activity_lines": [ 17.22185, 17.727835, 18.675581, 19.407953 ] }, { "date": "2025-07-18", "close": 16.915445, "volume": 222598, "typical_volume": 588992.25, "trend": 20.072679, "fair_value": 22.069281, "relative_strength": -22.813964, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.456027, "energy": 84.947449, "activity_lines": [ 17.06075, 17.495231, 18.419943, 19.194071 ] }, { "date": "2025-07-25", "close": 17.01021, "volume": 746000, "typical_volume": 616730.75, "trend": 19.925794, "fair_value": 22.05598, "relative_strength": -22.012682, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.946963, "energy": 80.162143, "activity_lines": [ 17.000733, 17.334993, 18.197021, 18.996492 ] }, { "date": "2025-08-01", "close": 18.242147, "volume": 602154, "typical_volume": 506304.75, "trend": 19.813657, "fair_value": 22.020281, "relative_strength": -16.306455, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.447261, "energy": 48.198849, "activity_lines": [ 17.411379, 17.429758, 18.115343, 18.88787 ] }, { "date": "2025-08-08", "close": 18.52644, "volume": 1145110, "typical_volume": 527449.65, "trend": 19.72363, "fair_value": 21.975918, "relative_strength": -16.740606, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.087045, "energy": 31.939916, "activity_lines": [ 17.837819, 17.590857, 18.074504, 18.804823 ] }, { "date": "2025-08-15", "close": 17.75, "volume": 696191, "typical_volume": 514856.1, "trend": 19.593508, "fair_value": 21.906188, "relative_strength": -20.803115, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.85994, "energy": 23.683544, "activity_lines": [ 17.901204, 17.6194, 17.97619, 18.677492 ] }, { "date": "2025-08-22", "close": 17.15, "volume": 357690, "typical_volume": 497874.1, "trend": 19.46076, "fair_value": 21.858537, "relative_strength": -21.161085, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.137295, "energy": 26.859212, "activity_lines": [ 17.721588, 17.547801, 17.84451, 18.519847 ] }, { "date": "2025-08-29", "close": 17.85, "volume": 133276, "typical_volume": 454812.15, "trend": 19.341868, "fair_value": 21.804595, "relative_strength": -19.000433, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.465427, "energy": 22.011466, "activity_lines": [ 17.759668, 17.618163, 17.807261, 18.415927 ] }, { "date": "2025-09-05", "close": 17.700001, "volume": 83360, "typical_volume": 442229.65, "trend": 19.222714, "fair_value": 21.723184, "relative_strength": -19.986217, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.075506, "energy": 26.385503, "activity_lines": [ 17.691763, 17.662352, 17.759399, 18.31 ] }, { "date": "2025-09-12", "close": 17.5, "volume": 125377, "typical_volume": 436648.5, "trend": 19.074782, "fair_value": 21.671659, "relative_strength": -23.330338, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.716768, "energy": 32.886817, "activity_lines": [ 17.593334, 17.658496, 17.701163, 18.198857 ] }, { "date": "2025-09-19", "close": 17.6, "volume": 76520, "typical_volume": 433899.5, "trend": 18.941239, "fair_value": 21.617862, "relative_strength": -22.768142, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.636888, "energy": 26.013085, "activity_lines": [ 17.596667, 17.663056, 17.661626, 18.10371 ] }, { "date": "2025-09-26", "close": 17.25, "volume": 85540, "typical_volume": 428876.5, "trend": 18.786554, "fair_value": 21.567065, "relative_strength": -23.847143, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.01284, "energy": 36.566951, "activity_lines": [ 17.493333, 17.594979, 17.598807, 17.994597 ] }, { "date": "2025-10-03", "close": 17.200001, "volume": 136828, "typical_volume": 401517.85, "trend": 18.625463, "fair_value": 21.524977, "relative_strength": -26.85612, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.64312, "energy": 43.734282, "activity_lines": [ 17.366667, 17.511728, 17.544074, 17.892239 ] }, { "date": "2025-10-10", "close": 17.049999, "volume": 83450, "typical_volume": 388084.35, "trend": 18.489381, "fair_value": 21.488045, "relative_strength": -28.316955, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.939243, "energy": 47.959784, "activity_lines": [ 17.233333, 17.397754, 17.482274, 17.790596 ] }, { "date": "2025-10-17", "close": 16.700001, "volume": 291050, "typical_volume": 399386.1, "trend": 18.313203, "fair_value": 21.452073, "relative_strength": -29.196701, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.933291, "energy": 60.1708, "activity_lines": [ 17.026667, 17.241818, 17.396653, 17.675153 ] }, { "date": "2025-10-24", "close": 15.85, "volume": 1002295, "typical_volume": 445200.85, "trend": 18.083421, "fair_value": 21.419683, "relative_strength": -32.780081, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.648894, "energy": 74.949851, "activity_lines": [ 16.59, 16.964546, 17.241034, 17.516236 ] }, { "date": "2025-10-31", "close": 15.3, "volume": 717807, "typical_volume": 458484.7, "trend": 17.827409, "fair_value": 21.398914, "relative_strength": -36.112661, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.966833, "energy": 88.390456, "activity_lines": [ 16.086667, 16.621818, 17.044424, 17.336661 ] }, { "date": "2025-11-07", "close": 15.25, "volume": 464378, "typical_volume": 445000.2, "trend": 17.715035, "fair_value": 21.377242, "relative_strength": -34.350211, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.546793, "energy": 92.114644, "activity_lines": [ 15.696667, 16.303636, 16.855709, 17.170376 ] }, { "date": "2025-11-14", "close": 16.0, "volume": 704139, "typical_volume": 416900.25, "trend": 17.597653, "fair_value": 21.347269, "relative_strength": -29.877099, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.409025, "energy": 85.689493, "activity_lines": [ 15.686667, 16.169091, 16.751092, 17.059729 ] }, { "date": "2025-11-21", "close": 16.5, "volume": 312205, "typical_volume": 405049.2, "trend": 17.500096, "fair_value": 21.310598, "relative_strength": -24.524655, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.653168, "energy": 67.094109, "activity_lines": [ 15.913333, 16.156364, 16.69913, 16.988913 ] }, { "date": "2025-11-28", "close": 16.65, "volume": 68211, "typical_volume": 402708.95, "trend": 17.398063, "fair_value": 21.264111, "relative_strength": -26.58422, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.952296, "energy": 37.937001, "activity_lines": [ 16.203333, 16.189091, 16.663658, 16.934068 ] }, { "date": "2025-12-05", "close": 16.5, "volume": 64350, "typical_volume": 394796.55, "trend": 17.283133, "fair_value": 21.223071, "relative_strength": -27.531457, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.094459, "energy": 23.275769, "activity_lines": [ 16.39, 16.211818, 16.616066, 16.876128 ] }, { "date": "2025-12-12", "close": 16.15, "volume": 86100, "typical_volume": 361801.55, "trend": 17.197601, "fair_value": 21.168426, "relative_strength": -29.023207, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.323882, "energy": 23.920154, "activity_lines": [ 16.38, 16.184545, 16.537119, 16.803023 ] }, { "date": "2025-12-19", "close": 16.25, "volume": 127100, "typical_volume": 338048.85, "trend": 17.104346, "fair_value": 21.112675, "relative_strength": -26.671673, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.708878, "energy": 18.996969, "activity_lines": [ 16.343333, 16.194545, 16.471793, 16.741887 ] }, { "date": "2025-12-26", "close": 16.5, "volume": 84260, "typical_volume": 285006.35, "trend": 17.021004, "fair_value": 21.05474, "relative_strength": -27.130696, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.935928, "energy": 19.319368, "activity_lines": [ 16.373333, 16.264545, 16.439762, 16.702897 ] }, { "date": "2026-01-02", "close": 16.4, "volume": 85050, "typical_volume": 254449.3, "trend": 16.959599, "fair_value": 20.999077, "relative_strength": -28.893997, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.158549, "energy": 19.054189, "activity_lines": [ 16.37, 16.32, 16.407857, 16.662832 ] }, { "date": "2026-01-09", "close": 16.6, "volume": 148100, "typical_volume": 243969.8, "trend": 16.914337, "fair_value": 20.945278, "relative_strength": -29.606344, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.486679, "energy": 10.225463, "activity_lines": [ 16.45, 16.401818, 16.401429, 16.639632 ] }, { "date": "2026-01-16", "close": 17.0, "volume": 86164, "typical_volume": 241614.2, "trend": 16.883988, "fair_value": 20.895208, "relative_strength": -29.78691, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.983606, "energy": 8.724702, "activity_lines": [ 16.656667, 16.532727, 16.435714, 16.645159 ] }, { "date": "2026-01-23", "close": 17.0, "volume": 178632, "typical_volume": 246377.8, "trend": 16.882068, "fair_value": 20.862034, "relative_strength": -30.339155, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.125315, "energy": 12.059302, "activity_lines": [ 16.806667, 16.631818, 16.474048, 16.652644 ] }, { "date": "2026-01-30", "close": 16.25, "volume": 124650, "typical_volume": 246341.45, "trend": 16.858307, "fair_value": 20.826964, "relative_strength": -32.943168, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.165062, "energy": 13.86015, "activity_lines": [ 16.656667, 16.576364, 16.444286, 16.611865 ] }, { "date": "2026-02-06", "close": 16.15, "volume": 157596, "typical_volume": 250395.25, "trend": 16.826475, "fair_value": 20.790088, "relative_strength": -32.079116, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.410177, "energy": 14.627983, "activity_lines": [ 16.49, 16.507273, 16.410952, 16.566168 ] }, { "date": "2026-02-13", "close": 16.15, "volume": 63100, "typical_volume": 249273.25, "trend": 16.80096, "fair_value": 20.752048, "relative_strength": -34.982751, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.832527, "energy": 21.650456, "activity_lines": [ 16.34, 16.447273, 16.384524, 16.522524 ] }, { "date": "2026-02-27", "close": 15.8, "volume": 180130, "typical_volume": 251438.35, "trend": 16.76062, "fair_value": 20.709142, "relative_strength": -38.902416, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.802983, "energy": 44.587183, "activity_lines": [ 16.103333, 16.33, 16.33, 16.457946 ] }, { "date": "2026-03-06", "close": 15.35, "volume": 167435, "typical_volume": 255637.6, "trend": 16.664215, "fair_value": 20.644417, "relative_strength": -36.613717, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.55455, "energy": 65.414588, "activity_lines": [ 15.796667, 16.137273, 16.239286, 16.366939 ] }, { "date": "2026-03-13", "close": 15.1, "volume": 148219, "typical_volume": 248496.05, "trend": 16.55, "fair_value": 20.577508, "relative_strength": -36.385, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.925592, "energy": 71.654787, "activity_lines": [ 15.516667, 15.915455, 16.132857, 16.266022 ] }, { "date": "2026-03-20", "close": 15.25, "volume": 161178, "typical_volume": 206440.2, "trend": 16.466667, "fair_value": 20.525833, "relative_strength": -35.137555, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.289513, "energy": 71.163392, "activity_lines": [ 15.363333, 15.746364, 16.048333, 16.182151 ] }, { "date": "2026-03-27", "close": 15.45, "volume": 87043, "typical_volume": 174902.0, "trend": 16.41, "fair_value": 20.483305, "relative_strength": -32.461227, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.155943, "energy": 66.079495, "activity_lines": [ 15.336667, 15.634545, 15.985714, 16.116559 ] }, { "date": "2026-04-03", "close": 15.65, "volume": 32000, "typical_volume": 153283.1, "trend": 16.336667, "fair_value": 20.435068, "relative_strength": -29.326476, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.9784, "energy": 49.267707, "activity_lines": [ 15.423333, 15.58, 15.941429, 16.067527 ] }, { "date": "2026-04-10", "close": 15.4, "volume": 119000, "typical_volume": 124026.15, "trend": 16.26, "fair_value": 20.39921, "relative_strength": -34.855469, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.165756, "energy": 39.007699, "activity_lines": [ 15.436667, 15.504545, 15.871429, 16.007097 ] }, { "date": "2026-04-17", "close": 15.05, "volume": 180172, "typical_volume": 117424.5, "trend": 16.178333, "fair_value": 20.365478, "relative_strength": -37.757745, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.177102, "energy": 42.132667, "activity_lines": [ 15.33, 15.394545, 15.770952, 15.929032 ] }, { "date": "2026-04-24", "close": 14.65, "volume": 265142, "typical_volume": 127271.05, "trend": 16.08, "fair_value": 20.325978, "relative_strength": -41.647315, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.41946, "energy": 55.251591, "activity_lines": [ 15.093333, 15.233636, 15.639286, 15.83043 ] }, { "date": "2026-05-01", "close": 14.3, "volume": 120227, "typical_volume": 130064.9, "trend": 15.981667, "fair_value": 20.29006, "relative_strength": -41.977117, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.634818, "energy": 79.030423, "activity_lines": [ 14.78, 15.036364, 15.48381, 15.715591 ] }, { "date": "2026-05-08", "close": 14.15, "volume": 322205, "typical_volume": 141870.15, "trend": 15.88, "fair_value": 20.251724, "relative_strength": -45.269595, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.801383, "energy": 88.140873, "activity_lines": [ 14.493333, 14.845455, 15.324524, 15.597419 ] }, { "date": "2026-05-15", "close": 17.4, "volume": 1200679, "typical_volume": 195549.1, "trend": 15.891667, "fair_value": 20.234222, "relative_strength": -30.857049, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -12.275125, "energy": 14.210573, "activity_lines": [ 15.39, 15.275455, 15.484286, 15.695484 ] }, { "date": "2026-05-22", "close": 17.15, "volume": 393213, "typical_volume": 210996.75, "trend": 15.906667, "fair_value": 20.216282, "relative_strength": -32.661284, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.288408, "energy": 24.985844, "activity_lines": [ 16.07, 15.622727, 15.614762, 15.776667 ] }, { "date": "2026-05-29", "close": 17.049999, "volume": 295820, "typical_volume": 221535.25, "trend": 15.946667, "fair_value": 20.191584, "relative_strength": -35.720124, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.463899, "energy": 38.026861, "activity_lines": [ 16.576666, 15.914545, 15.732619, 15.85043 ] }, { "date": "2026-06-05", "close": 16.5, "volume": 520794, "typical_volume": 240169.95, "trend": 15.986667, "fair_value": 20.158117, "relative_strength": -37.192869, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.033779, "energy": 38.231369, "activity_lines": [ 16.74, 16.073636, 15.795, 15.886129 ] }, { "date": "2026-06-12", "close": 16.4, "volume": 182305, "typical_volume": 244977.0, "trend": 16.025, "fair_value": 20.12197, "relative_strength": -35.293561, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.933289, "energy": 48.901085, "activity_lines": [ 16.723333, 16.195454, 15.848333, 15.912796 ] }, { "date": "2026-06-19", "close": 16.25, "volume": 74359, "typical_volume": 239763.35, "trend": 16.033333, "fair_value": 20.083987, "relative_strength": -38.091356, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.016687, "energy": 30.744657, "activity_lines": [ 16.506667, 16.276364, 15.890238, 15.927312 ] }, { "date": "2026-06-26", "close": 15.4, "volume": 298612, "typical_volume": 248461.45, "trend": 15.996667, "fair_value": 20.033274, "relative_strength": -37.849421, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -14.144705, "energy": 8.544158, "activity_lines": [ 16.083333, 16.187273, 15.854762, 15.886452 ] }, { "date": "2026-07-03", "close": 16.700001, "volume": 171255, "typical_volume": 249144.4, "trend": 15.998333, "fair_value": 19.993224, "relative_strength": -34.88781, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 14.835256, "energy": 9.087212, "activity_lines": [ 16.21, 16.328182, 15.947143, 15.931828 ] }, { "date": "2026-07-10", "close": 16.299999, "volume": 134100, "typical_volume": 252694.4, "trend": 15.991667, "fair_value": 19.952941, "relative_strength": -33.53315, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 4.665385, "energy": 6.041125, "activity_lines": [ 16.226667, 16.359091, 15.998809, 15.95129 ] }, { "date": "2026-07-17", "close": 16.15, "volume": 140517, "typical_volume": 250713.75, "trend": 15.991667, "fair_value": 19.914317, "relative_strength": -29.061584, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 4.061766, "energy": 4.854095, "activity_lines": [ 16.206667, 16.326364, 16.035476, 15.961505 ] }, { "date": "2026-07-24", "close": 16.0, "volume": 131020, "typical_volume": 248893.0, "trend": 15.983333, "fair_value": 19.868907, "relative_strength": -30.408669, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 4.255382, "energy": 6.32605, "activity_lines": [ 16.153333, 16.23, 16.05619, 15.962043 ] }, { "date": "2026-07-31", "close": 15.5, "volume": 127000, "typical_volume": 247832.05, "trend": 15.95, "fair_value": 19.822912, "relative_strength": -30.815693, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.220465, "energy": 7.947135, "activity_lines": [ 15.95, 16.068182, 16.02619, 15.93086 ] }, { "date": "2026-08-07", "close": 15.95, "volume": 107000, "typical_volume": 245123.15, "trend": 15.935, "fair_value": 19.783589, "relative_strength": -29.497559, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.452385, "energy": 9.260007, "activity_lines": [ 15.89, 16.018182, 16.037143, 15.93086 ] }, { "date": "2026-08-14", "close": 16.549999, "volume": 204016, "typical_volume": 250971.8, "trend": 15.933333, "fair_value": 19.747784, "relative_strength": -28.271095, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.8661, "energy": 13.561156, "activity_lines": [ 16.08, 16.097273, 16.101905, 15.970538 ] } ], "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." } } }