{ "ticker": { "uuid": "5a20d3fd-37ec-4629-b1d2-c50f11727263", "symbol": "300899", "name": "Keysino Separation Technology Inc.", "exchange": "SHZ", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "399001.SZ", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -65.57, "architecture_energy": 66.876, "architecture_maturity": 26.294, "architecture_confidence": 92.914, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 9.23, "rotation_up": 17.35, "upward_expansion": 13.57, "deceleration": 43.46, "rotation_down": 67.78, "downward_expansion": 89.24 }, "activity_lines": [ 26.454667, 27.329542, 30.136074, 32.081331 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 27.93, "trend_reference": 34.006112, "distance_from_trend": -0.178677, "trend_direction": "Weakening", "fair_value": 25.530707, "distance_from_fair_value": 0.093977, "fair_value_direction": "Weakening", "relative_strength": -14.817582, "relative_strength_direction": "Weakening", "price_momentum": -0.180938, "excess_performance": -0.188338, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.178677, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.033372, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.093977, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.438213, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.148176, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.20475, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.180938, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.193892, "read": "Supply-led" } ], "volume": { "latest": 3778747, "relative_activity": 0.931703, "balance": 0.193892, "dry_up": 1.041599, "accumulation_observations": 0, "distribution_observations": 6 }, "risk": { "range_context": 0.11128, "annualized_volatility": 0.437696, "from_high_reference": -0.390042, "from_low_reference": 0.250784 }, "levels": { "trend_reference": 34.006112, "fair_value_reference": 25.530707, "structural_low": 22.33, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 19, "median_return": 0.028962, "positive_rate": 0.578947, "directional_follow_through": 0.421053, "median_excess_return": 0.029289, "regime_survival": 0.736842, "best_return": 0.175476, "worst_return": -0.157013, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.009113, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.065179, "regime_survival": 0.625, "best_return": 0.454492, "worst_return": -0.177237, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.152599, "positive_rate": 0.8, "directional_follow_through": 0.2, "median_excess_return": 0.034399, "regime_survival": 0.4, "best_return": 0.511491, "worst_return": -0.25311, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.173519, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.174952, "regime_survival": 0.0, "best_return": 0.970119, "worst_return": 0.007403, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-01-19", "end": "2024-01-19", "tenure": "New", "return": 0.0, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-01-26", "end": "2024-02-02", "tenure": "New", "return": -0.464454, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-02-09", "end": "2024-03-08", "tenure": "New", "return": 0.150165, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-03-15", "end": "2024-10-18", "tenure": "Extended", "return": -0.043911, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-25", "end": "2024-11-08", "tenure": "New", "return": 0.04991, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-15", "end": "2025-01-03", "tenure": "Developing", "return": -0.198505, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-03-28", "tenure": "Developing", "return": 0.149947, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-04", "end": "2025-04-18", "tenure": "New", "return": -0.146885, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-06-06", "tenure": "Developing", "return": 0.173169, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-07-11", "tenure": "Developing", "return": 0.036887, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2026-04-10", "tenure": "Extended", "return": 0.647357, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-17", "end": "2026-06-05", "tenure": "Developing", "return": -0.201004, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-06-12", "end": "2026-06-26", "tenure": "New", "return": -0.039709, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-03", "end": "2026-08-07", "tenure": "Developing", "return": -0.05801, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 25.329281, "volume": 26106206, "typical_volume": 5351030.65, "trend": 22.039222, "fair_value": 30.445724, "relative_strength": 20.062974, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.519375, "energy": 72.191101, "activity_lines": [ 24.536083, 23.850239, 23.142228, 22.714488 ] }, { "date": "2023-08-04", "close": 23.572729, "volume": 12672080, "typical_volume": 5679834.7, "trend": 22.192279, "fair_value": 30.397995, "relative_strength": 10.032163, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.097927, "energy": 45.55585, "activity_lines": [ 24.270821, 23.871634, 23.233263, 22.813424 ] }, { "date": "2023-08-11", "close": 24.135603, "volume": 9082896, "typical_volume": 5931614.7, "trend": 22.346479, "fair_value": 30.354806, "relative_strength": 16.622194, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.387884, "energy": 36.982881, "activity_lines": [ 24.217769, 23.985973, 23.369677, 22.9388 ] }, { "date": "2023-08-18", "close": 26.251226, "volume": 9343145, "typical_volume": 6190658.2, "trend": 22.576005, "fair_value": 30.326699, "relative_strength": 30.100849, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.332362, "energy": 48.753899, "activity_lines": [ 24.878335, 24.46662, 23.699783, 23.190719 ] }, { "date": "2023-08-25", "close": 25.727175, "volume": 27769289, "typical_volume": 7408651.45, "trend": 22.746096, "fair_value": 30.29541, "relative_strength": 30.713111, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.122287, "energy": 42.136382, "activity_lines": [ 25.234822, 24.785641, 23.955748, 23.39402 ] }, { "date": "2023-09-01", "close": 25.668945, "volume": 20268551, "typical_volume": 8182741.15, "trend": 22.89086, "fair_value": 30.26415, "relative_strength": 25.529568, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.638886, "energy": 41.868605, "activity_lines": [ 25.456736, 25.030376, 24.186537, 23.582591 ] }, { "date": "2023-09-08", "close": 26.50355, "volume": 10937314, "typical_volume": 8502416.85, "trend": 23.053193, "fair_value": 30.238911, "relative_strength": 30.94182, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.193934, "energy": 55.23319, "activity_lines": [ 25.934207, 25.354689, 24.479427, 23.815668 ] }, { "date": "2023-09-15", "close": 25.51367, "volume": 5461035, "typical_volume": 8586468.6, "trend": 23.18253, "fair_value": 30.207409, "relative_strength": 26.96228, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.412455, "energy": 39.424081, "activity_lines": [ 25.886331, 25.452442, 24.648857, 23.974408 ] }, { "date": "2023-09-22", "close": 26.620007, "volume": 4950170, "typical_volume": 8714265.1, "trend": 23.345221, "fair_value": 30.183652, "relative_strength": 31.002248, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.786565, "energy": 40.854636, "activity_lines": [ 26.115362, 25.728585, 24.903298, 24.196181 ] }, { "date": "2023-09-29", "close": 26.639418, "volume": 5430340, "typical_volume": 8755080.65, "trend": 23.511763, "fair_value": 30.160334, "relative_strength": 30.935319, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.455934, "energy": 41.855539, "activity_lines": [ 26.326278, 25.966263, 25.136393, 24.40871 ] }, { "date": "2023-10-13", "close": 25.824221, "volume": 4496620, "typical_volume": 8682866.35, "trend": 23.626464, "fair_value": 30.131994, "relative_strength": 26.51497, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.833327, "energy": 33.765581, "activity_lines": [ 26.204646, 26.007728, 25.270255, 24.557901 ] }, { "date": "2023-10-20", "close": 24.514084, "volume": 2723909, "typical_volume": 8624741.35, "trend": 23.715434, "fair_value": 30.095514, "relative_strength": 25.392695, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.64147, "energy": 22.025929, "activity_lines": [ 25.635949, 25.801988, 25.266801, 24.615167 ] }, { "date": "2023-10-27", "close": 26.474438, "volume": 4443207, "typical_volume": 8650746.7, "trend": 23.847964, "fair_value": 30.072152, "relative_strength": 31.518654, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.350457, "energy": 22.498398, "activity_lines": [ 25.853335, 25.935561, 25.443103, 24.793167 ] }, { "date": "2023-11-03", "close": 26.532665, "volume": 3972738, "typical_volume": 8674697.85, "trend": 24.026965, "fair_value": 30.049463, "relative_strength": 29.77456, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.444262, "energy": 23.178788, "activity_lines": [ 26.026079, 26.037195, 25.609008, 24.966373 ] }, { "date": "2023-11-10", "close": 27.027603, "volume": 2780420, "typical_volume": 8621085.15, "trend": 24.207728, "fair_value": 29.753061, "relative_strength": 29.587899, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.575043, "energy": 31.341114, "activity_lines": [ 26.369625, 26.223702, 25.803333, 25.159963 ] }, { "date": "2023-11-17", "close": 27.736046, "volume": 2822020, "typical_volume": 8682806.15, "trend": 24.39833, "fair_value": 29.492813, "relative_strength": 31.951163, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.34106, "energy": 53.019523, "activity_lines": [ 26.92344, 26.515372, 26.042253, 25.387596 ] }, { "date": "2023-11-24", "close": 27.493429, "volume": 2696053, "typical_volume": 8494825.1, "trend": 24.635625, "fair_value": 29.250758, "relative_strength": 31.61546, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.431876, "energy": 58.924979, "activity_lines": [ 27.268927, 26.725346, 26.229323, 25.58728 ] }, { "date": "2023-12-01", "close": 27.270222, "volume": 3605600, "typical_volume": 8460747.0, "trend": 24.836649, "fair_value": 28.99499, "relative_strength": 31.117704, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.528669, "energy": 59.838512, "activity_lines": [ 27.341389, 26.87674, 26.378221, 25.757254 ] }, { "date": "2023-12-08", "close": 26.057133, "volume": 2702107, "typical_volume": 8404995.0, "trend": 24.980257, "fair_value": 28.74126, "relative_strength": 26.546669, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.25485, "energy": 44.973714, "activity_lines": [ 26.956436, 26.775634, 26.39726, 25.835995 ] }, { "date": "2023-12-15", "close": 26.387094, "volume": 2889827, "typical_volume": 8257676.35, "trend": 25.123011, "fair_value": 28.48826, "relative_strength": 29.390668, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.994669, "energy": 24.288354, "activity_lines": [ 26.713171, 26.744756, 26.439407, 25.926759 ] }, { "date": "2023-12-22", "close": 25.930971, "volume": 2687600, "typical_volume": 7086746.05, "trend": 25.21436, "fair_value": 28.292067, "relative_strength": 28.305253, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 30.211395, "energy": 17.078031, "activity_lines": [ 26.360567, 26.635534, 26.426744, 25.978885 ] }, { "date": "2023-12-29", "close": 26.377388, "volume": 2898720, "typical_volume": 6598078.05, "trend": 25.325075, "fair_value": 28.108188, "relative_strength": 25.300124, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 26.932567, "energy": 18.281169, "activity_lines": [ 26.277106, 26.605537, 26.453732, 26.053919 ] }, { "date": "2024-01-05", "close": 26.746166, "volume": 2450300, "typical_volume": 6266448.25, "trend": 25.445737, "fair_value": 27.953228, "relative_strength": 31.401586, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 30.983821, "energy": 15.696539, "activity_lines": [ 26.390974, 26.608713, 26.502487, 26.145603 ] }, { "date": "2024-01-12", "close": 27.192583, "volume": 4832900, "typical_volume": 6040936.0, "trend": 25.598748, "fair_value": 27.819614, "relative_strength": 33.880856, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.369704, "energy": 22.506466, "activity_lines": [ 26.688585, 26.688115, 26.581326, 26.258302 ] }, { "date": "2024-01-19", "close": 25.717468, "volume": 2786292, "typical_volume": 4791786.15, "trend": 25.715204, "fair_value": 27.692561, "relative_strength": 28.310301, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.441703, "energy": 6.728975, "activity_lines": [ 26.418794, 26.487316, 26.515195, 26.265962 ] }, { "date": "2024-01-26", "close": 43.273281, "volume": 42979399, "typical_volume": 5927328.55, "trend": 26.434323, "fair_value": 27.698276, "relative_strength": 110.700768, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.04035, "energy": 87.832094, "activity_lines": [ 32.045583, 29.502303, 28.121093, 27.398741 ] }, { "date": "2024-02-02", "close": 23.174835, "volume": 69876448, "typical_volume": 8874285.25, "trend": 26.408767, "fair_value": 27.598638, "relative_strength": 21.584496, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 30.780555, "energy": 39.578613, "activity_lines": [ 29.816736, 28.580533, 27.729023, 27.188451 ] }, { "date": "2024-02-09", "close": 17.643154, "volume": 38537177, "typical_volume": 10528092.35, "trend": 26.188147, "fair_value": 27.438733, "relative_strength": -15.621481, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -28.269783, "energy": 11.650458, "activity_lines": [ 25.957498, 26.731522, 26.825977, 26.622928 ] }, { "date": "2024-02-23", "close": 22.573143, "volume": 48939860, "typical_volume": 12727576.85, "trend": 26.130242, "fair_value": 27.311996, "relative_strength": 4.416191, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.304698, "energy": 23.117192, "activity_lines": [ 24.348458, 25.95391, 26.429932, 26.389702 ] }, { "date": "2024-03-01", "close": 21.185371, "volume": 39303194, "typical_volume": 14421219.55, "trend": 26.03643, "fair_value": 27.186779, "relative_strength": -6.100022, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.905523, "energy": 37.98618, "activity_lines": [ 22.584789, 24.987321, 25.92099, 26.070678 ] }, { "date": "2024-03-08", "close": 20.292538, "volume": 24500737, "typical_volume": 15421425.4, "trend": 25.868539, "fair_value": 27.088655, "relative_strength": -9.660278, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -62.013691, "energy": 60.384553, "activity_lines": [ 20.82565, 23.952976, 25.352987, 25.700104 ] }, { "date": "2024-03-15", "close": 22.52462, "volume": 31997984, "typical_volume": 16885129.15, "trend": 25.833602, "fair_value": 27.005502, "relative_strength": -2.669209, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.590651, "energy": 57.629601, "activity_lines": [ 21.342587, 23.426981, 25.023905, 25.484368 ] }, { "date": "2024-03-22", "close": 23.82505, "volume": 35241147, "typical_volume": 18425026.15, "trend": 25.82325, "fair_value": 26.914427, "relative_strength": 3.018045, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.861473, "energy": 38.318051, "activity_lines": [ 22.336349, 23.207478, 24.828147, 25.354784 ] }, { "date": "2024-03-29", "close": 25.872744, "volume": 42595797, "typical_volume": 20356179.1, "trend": 25.810634, "fair_value": 26.839128, "relative_strength": 13.098865, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.719688, "energy": 17.755737, "activity_lines": [ 23.600548, 23.413395, 24.840024, 25.357977 ] }, { "date": "2024-04-05", "close": 23.728004, "volume": 16245200, "typical_volume": 21029418.1, "trend": 25.743995, "fair_value": 26.732619, "relative_strength": 1.715633, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.557566, "energy": 15.510833, "activity_lines": [ 23.929862, 23.253355, 24.650782, 25.223614 ] }, { "date": "2024-04-12", "close": 21.612379, "volume": 15798548, "typical_volume": 21678244.5, "trend": 25.608776, "fair_value": 26.622965, "relative_strength": -4.579006, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.244993, "energy": 16.35658, "activity_lines": [ 23.384458, 22.744829, 24.275765, 24.957058 ] }, { "date": "2024-04-19", "close": 19.603506, "volume": 20719426, "typical_volume": 22579413.15, "trend": 25.378774, "fair_value": 26.460814, "relative_strength": -14.132992, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.75268, "energy": 25.979067, "activity_lines": [ 22.08144, 22.264888, 23.738587, 24.569621 ] }, { "date": "2024-04-26", "close": 20.496338, "volume": 14377644, "typical_volume": 23118015.35, "trend": 25.21153, "fair_value": 26.282349, "relative_strength": -12.177792, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.971625, "energy": 35.288507, "activity_lines": [ 21.270774, 22.012212, 23.324011, 24.254625 ] }, { "date": "2024-05-03", "close": 21.107735, "volume": 7656109, "typical_volume": 23365715.45, "trend": 25.027788, "fair_value": 26.138632, "relative_strength": -11.01347, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.973604, "energy": 45.640825, "activity_lines": [ 20.88582, 21.818824, 22.99992, 23.989864 ] }, { "date": "2024-05-10", "close": 21.175665, "volume": 12922890, "typical_volume": 23867368.6, "trend": 24.845662, "fair_value": 25.984692, "relative_strength": -12.255774, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.003212, "energy": 55.102093, "activity_lines": [ 20.841178, 21.664431, 22.705868, 23.74134 ] }, { "date": "2024-05-17", "close": 21.146553, "volume": 8625179, "typical_volume": 24164247.55, "trend": 24.68974, "fair_value": 25.856638, "relative_strength": -12.337703, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.033398, "energy": 52.422029, "activity_lines": [ 20.956987, 21.504921, 22.433859, 23.502688 ] }, { "date": "2024-05-24", "close": 19.487049, "volume": 8893066, "typical_volume": 24463964.85, "trend": 24.522172, "fair_value": 25.738298, "relative_strength": -16.813739, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.296553, "energy": 57.767399, "activity_lines": [ 20.550684, 21.028156, 22.026585, 23.16703 ] }, { "date": "2024-05-31", "close": 19.6586, "volume": 9014762, "typical_volume": 24792187.95, "trend": 24.294978, "fair_value": 25.640505, "relative_strength": -15.547453, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.41529, "energy": 57.273037, "activity_lines": [ 20.209328, 20.63781, 21.66846, 22.853251 ] }, { "date": "2024-06-07", "close": 17.8508, "volume": 10827178, "typical_volume": 25091901.85, "trend": 24.005582, "fair_value": 25.527512, "relative_strength": -22.302036, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.280445, "energy": 63.783991, "activity_lines": [ 19.321221, 19.994527, 21.171914, 22.437498 ] }, { "date": "2024-06-14", "close": 18.532431, "volume": 6465600, "typical_volume": 25275867.25, "trend": 23.72241, "fair_value": 25.406003, "relative_strength": -19.242842, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.497639, "energy": 65.969717, "activity_lines": [ 18.877454, 19.62103, 20.78477, 22.084392 ] }, { "date": "2024-06-21", "close": 18.324976, "volume": 6945959, "typical_volume": 23474195.25, "trend": 23.408708, "fair_value": 25.289305, "relative_strength": -18.450134, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.934397, "energy": 65.914532, "activity_lines": [ 18.54075, 19.304279, 20.412083, 21.73617 ] }, { "date": "2024-06-28", "close": 18.354612, "volume": 6989661, "typical_volume": 20329855.9, "trend": 23.10408, "fair_value": 25.167659, "relative_strength": -16.393582, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.354748, "energy": 67.93447, "activity_lines": [ 18.40203, 19.052687, 20.16102, 21.410099 ] }, { "date": "2024-07-05", "close": 17.722378, "volume": 6302586, "typical_volume": 18718126.35, "trend": 22.785819, "fair_value": 25.042506, "relative_strength": -17.899923, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.985136, "energy": 64.198118, "activity_lines": [ 18.128062, 18.708852, 19.872698, 21.062893 ] }, { "date": "2024-07-12", "close": 18.147161, "volume": 5257947, "typical_volume": 16534030.7, "trend": 22.522153, "fair_value": 24.926812, "relative_strength": -17.359413, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.698914, "energy": 51.217565, "activity_lines": [ 18.124769, 18.492684, 19.624454, 20.763624 ] }, { "date": "2024-07-19", "close": 20.972467, "volume": 37119657, "typical_volume": 16424853.85, "trend": 22.341666, "fair_value": 24.833293, "relative_strength": -5.114204, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.598983, "energy": 28.337511, "activity_lines": [ 19.043488, 18.844038, 19.666362, 20.663645 ] }, { "date": "2024-07-26", "close": 19.648722, "volume": 35742642, "typical_volume": 16986949.1, "trend": 22.132257, "fair_value": 24.72419, "relative_strength": -8.003682, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.056256, "energy": 22.530781, "activity_lines": [ 19.358289, 18.958405, 19.583214, 20.489906 ] }, { "date": "2024-08-02", "close": 19.342482, "volume": 27048331, "typical_volume": 16739466.45, "trend": 21.89776, "fair_value": 24.623378, "relative_strength": -9.004721, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.774788, "energy": 19.132851, "activity_lines": [ 19.48276, 19.044326, 19.473965, 20.309921 ] }, { "date": "2024-08-09", "close": 18.532431, "volume": 11357868, "typical_volume": 15545302.5, "trend": 21.623969, "fair_value": 24.470471, "relative_strength": -11.104343, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.50832, "energy": 20.436994, "activity_lines": [ 19.271356, 18.985592, 19.302722, 20.092803 ] }, { "date": "2024-08-16", "close": 18.650972, "volume": 9673108, "typical_volume": 13899168.05, "trend": 21.339249, "fair_value": 24.341866, "relative_strength": -10.16079, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.634003, "energy": 21.745129, "activity_lines": [ 19.045463, 18.968888, 19.167972, 19.900997 ] }, { "date": "2024-08-23", "close": 17.346987, "volume": 5911574, "typical_volume": 13382486.75, "trend": 21.060233, "fair_value": 24.217644, "relative_strength": -14.652261, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.030306, "energy": 36.666066, "activity_lines": [ 18.35132, 18.700547, 18.943422, 19.643431 ] }, { "date": "2024-08-30", "close": 17.682861, "volume": 6432076, "typical_volume": 12914163.15, "trend": 20.207219, "fair_value": 24.103585, "relative_strength": -14.475997, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.969036, "energy": 41.303959, "activity_lines": [ 18.010834, 18.514827, 18.781246, 19.425536 ] }, { "date": "2024-09-06", "close": 16.71475, "volume": 5171487, "typical_volume": 12136766.2, "trend": 19.991883, "fair_value": 23.979557, "relative_strength": -16.680653, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.956864, "energy": 59.768035, "activity_lines": [ 17.478702, 18.164762, 18.54558, 19.200216 ] }, { "date": "2024-09-13", "close": 16.823416, "volume": 7386004, "typical_volume": 11787184.2, "trend": 19.964558, "fair_value": 23.83681, "relative_strength": -14.361677, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.280712, "energy": 63.762503, "activity_lines": [ 17.157974, 17.864271, 18.33402, 18.995799 ] }, { "date": "2024-09-20", "close": 16.843172, "volume": 2761465, "typical_volume": 11542452.0, "trend": 19.773559, "fair_value": 23.703838, "relative_strength": -14.90646, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.369757, "energy": 58.959088, "activity_lines": [ 16.957766, 17.583716, 18.141831, 18.794419 ] }, { "date": "2024-09-27", "close": 18.690489, "volume": 7800530, "typical_volume": 11286334.0, "trend": 19.690396, "fair_value": 23.595812, "relative_strength": -19.513822, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.085525, "energy": 35.429447, "activity_lines": [ 17.493849, 17.662745, 18.145885, 18.724543 ] }, { "date": "2024-10-04", "close": 20.962587, "volume": 5840951, "typical_volume": 11147122.6, "trend": 19.712731, "fair_value": 23.499864, "relative_strength": -18.026841, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -9.570331, "energy": 8.819222, "activity_lines": [ 18.697733, 18.196374, 18.378163, 18.80662 ] }, { "date": "2024-10-11", "close": 19.609207, "volume": 17473845, "typical_volume": 11576161.55, "trend": 19.615551, "fair_value": 23.389476, "relative_strength": -19.306064, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.28394, "energy": 18.247495, "activity_lines": [ 19.231841, 18.460045, 18.482424, 18.799941 ] }, { "date": "2024-10-18", "close": 21.535551, "volume": 13983180, "typical_volume": 11824582.45, "trend": 19.539234, "fair_value": 23.300113, "relative_strength": -13.585411, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 32.042474, "energy": 35.59123, "activity_lines": [ 20.2151, 19.069112, 18.769565, 18.923812 ] }, { "date": "2024-10-25", "close": 21.970215, "volume": 12032318, "typical_volume": 11884839.45, "trend": 19.40915, "fair_value": 23.211777, "relative_strength": -13.677698, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 44.508701, "energy": 59.132174, "activity_lines": [ 21.029104, 19.702605, 19.089164, 19.08065 ] }, { "date": "2024-11-01", "close": 20.784773, "volume": 12624907, "typical_volume": 12192804.8, "trend": 19.311042, "fair_value": 23.122819, "relative_strength": -16.56859, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.031933, "energy": 56.417794, "activity_lines": [ 21.106159, 20.060214, 19.276248, 19.1694 ] }, { "date": "2024-11-08", "close": 23.06675, "volume": 17887407, "typical_volume": 12739877.2, "trend": 19.359521, "fair_value": 23.045031, "relative_strength": -12.826397, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 75.500526, "energy": 72.926118, "activity_lines": [ 21.804253, 20.770223, 19.669937, 19.411703 ] }, { "date": "2024-11-15", "close": 23.787895, "volume": 39764528, "typical_volume": 14378620.55, "trend": 19.499001, "fair_value": 22.993831, "relative_strength": -6.272424, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.357207, "energy": 67.48656, "activity_lines": [ 22.602452, 21.51346, 20.109728, 19.697405 ] }, { "date": "2024-11-22", "close": 22.711117, "volume": 19381964, "typical_volume": 15032589.45, "trend": 19.572827, "fair_value": 22.948591, "relative_strength": -7.400265, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.242737, "energy": 50.473303, "activity_lines": [ 22.763145, 21.932317, 20.421095, 19.904638 ] }, { "date": "2024-11-29", "close": 24.094133, "volume": 11854637, "typical_volume": 15362423.95, "trend": 19.672373, "fair_value": 22.923077, "relative_strength": -2.946887, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.595103, "energy": 59.781893, "activity_lines": [ 23.306473, 22.495582, 20.840422, 20.196335 ] }, { "date": "2024-12-06", "close": 24.607826, "volume": 10667537, "typical_volume": 14039817.95, "trend": 19.786779, "fair_value": 22.900613, "relative_strength": -2.105024, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.170796, "energy": 60.398641, "activity_lines": [ 23.879437, 23.02041, 21.280353, 20.514752 ] }, { "date": "2024-12-13", "close": 24.469524, "volume": 11762751, "typical_volume": 12840823.4, "trend": 19.897544, "fair_value": 22.867313, "relative_strength": -1.58384, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.728346, "energy": 52.934516, "activity_lines": [ 24.15143, 23.412504, 21.689801, 20.816864 ] }, { "date": "2024-12-20", "close": 23.481655, "volume": 9140694, "typical_volume": 11945441.55, "trend": 20.030698, "fair_value": 22.823614, "relative_strength": -4.487995, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.818896, "energy": 43.528943, "activity_lines": [ 24.000615, 23.561223, 21.98221, 21.048097 ] }, { "date": "2024-12-27", "close": 21.436766, "volume": 8433076, "typical_volume": 11799201.95, "trend": 20.08997, "fair_value": 22.761165, "relative_strength": -12.329995, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.386991, "energy": 29.180401, "activity_lines": [ 23.188587, 23.267736, 22.060158, 21.138811 ] }, { "date": "2025-01-03", "close": 19.065878, "volume": 6428246, "typical_volume": 11636958.85, "trend": 20.130473, "fair_value": 22.689949, "relative_strength": -15.418316, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 15.995487, "energy": 14.26492, "activity_lines": [ 21.67122, 22.544975, 21.898477, 21.072741 ] }, { "date": "2025-01-10", "close": 18.710247, "volume": 6372100, "typical_volume": 11659985.15, "trend": 20.1364, "fair_value": 22.620276, "relative_strength": -15.407381, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.249701, "energy": 20.144098, "activity_lines": [ 20.370525, 21.81036, 21.70095, 20.981113 ] }, { "date": "2025-01-17", "close": 19.856174, "volume": 6530860, "typical_volume": 11664924.35, "trend": 20.18744, "fair_value": 22.551577, "relative_strength": -12.6596, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.159272, "energy": 27.817145, "activity_lines": [ 19.844979, 21.321813, 21.606067, 20.963034 ] }, { "date": "2025-01-24", "close": 20.527925, "volume": 6874900, "typical_volume": 11750095.0, "trend": 20.259884, "fair_value": 22.498774, "relative_strength": -10.137476, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.916806, "energy": 27.326304, "activity_lines": [ 19.850906, 21.013778, 21.564812, 20.985001 ] }, { "date": "2025-01-31", "close": 20.547682, "volume": 1184800, "typical_volume": 11440034.8, "trend": 20.35406, "fair_value": 22.441122, "relative_strength": -6.47816, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -14.058258, "energy": 24.990919, "activity_lines": [ 20.060334, 20.768606, 21.50728, 21.003569 ] }, { "date": "2025-02-07", "close": 21.713369, "volume": 4506700, "typical_volume": 11527296.55, "trend": 20.472934, "fair_value": 22.391246, "relative_strength": -4.396576, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.658436, "energy": 10.497078, "activity_lines": [ 20.717596, 20.774713, 21.543032, 21.091266 ] }, { "date": "2025-02-14", "close": 22.315969, "volume": 5907000, "typical_volume": 11432620.05, "trend": 20.517717, "fair_value": 22.346446, "relative_strength": -3.394437, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.932326, "energy": 22.52722, "activity_lines": [ 21.399226, 20.93367, 21.612982, 21.210171 ] }, { "date": "2025-02-21", "close": 22.671602, "volume": 7032702, "typical_volume": 11492207.6, "trend": 20.61848, "fair_value": 22.309386, "relative_strength": -3.647452, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 46.650227, "energy": 31.542087, "activity_lines": [ 21.959019, 21.198958, 21.699539, 21.349132 ] }, { "date": "2025-02-28", "close": 21.841793, "volume": 6658270, "typical_volume": 10951428.85, "trend": 20.701791, "fair_value": 22.278779, "relative_strength": -3.686866, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 38.742271, "energy": 30.352431, "activity_lines": [ 22.054513, 21.346061, 21.698927, 21.428055 ] }, { "date": "2025-03-07", "close": 22.276453, "volume": 5382770, "typical_volume": 10521408.35, "trend": 20.826591, "fair_value": 22.247256, "relative_strength": -3.779629, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 42.221854, "energy": 31.543415, "activity_lines": [ 22.207303, 21.602009, 21.729081, 21.529646 ] }, { "date": "2025-03-14", "close": 22.691359, "volume": 6051942, "typical_volume": 10222389.55, "trend": 20.961271, "fair_value": 22.215238, "relative_strength": -2.947393, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 57.714692, "energy": 39.686167, "activity_lines": [ 22.383144, 21.918127, 21.795221, 21.649954 ] }, { "date": "2025-03-21", "close": 23.017355, "volume": 10899900, "typical_volume": 10136139.2, "trend": 21.150283, "fair_value": 22.188647, "relative_strength": 1.433834, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 61.023148, "energy": 41.765095, "activity_lines": [ 22.602451, 22.227599, 21.888974, 21.782604 ] }, { "date": "2025-03-28", "close": 21.515797, "volume": 9310990, "typical_volume": 9707318.35, "trend": 21.278048, "fair_value": 22.153583, "relative_strength": -3.835817, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 43.979418, "energy": 26.355799, "activity_lines": [ 22.274479, 22.18575, 21.829091, 21.806186 ] }, { "date": "2025-04-04", "close": 21.723248, "volume": 4887000, "typical_volume": 7963441.95, "trend": 21.444998, "fair_value": 22.128222, "relative_strength": -0.290863, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.233426, "energy": 15.37894, "activity_lines": [ 22.092711, 22.151444, 21.79635, 21.834909 ] }, { "date": "2025-04-11", "close": 20.033991, "volume": 10314440, "typical_volume": 7510065.75, "trend": 21.552017, "fair_value": 22.098404, "relative_strength": -2.805647, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.054331, "energy": 16.164639, "activity_lines": [ 21.35576, 21.788267, 21.612559, 21.743876 ] }, { "date": "2025-04-18", "close": 18.532431, "volume": 12618604, "typical_volume": 7548264.1, "trend": 21.608325, "fair_value": 22.058293, "relative_strength": -9.42406, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -75.003077, "energy": 59.746882, "activity_lines": [ 20.267787, 21.16142, 21.298511, 21.549064 ] }, { "date": "2025-04-25", "close": 18.483036, "volume": 17426502, "typical_volume": 7886212.35, "trend": 21.60141, "fair_value": 22.022051, "relative_strength": -10.65086, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.612706, "energy": 75.496552, "activity_lines": [ 19.440611, 20.583426, 21.006243, 21.347432 ] }, { "date": "2025-05-02", "close": 18.868305, "volume": 8104480, "typical_volume": 7703298.8, "trend": 21.531601, "fair_value": 21.99277, "relative_strength": -8.379779, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.778464, "energy": 75.628333, "activity_lines": [ 19.044146, 20.145171, 20.779832, 21.171103 ] }, { "date": "2025-05-09", "close": 20.527925, "volume": 7660681, "typical_volume": 7629298.15, "trend": 21.562225, "fair_value": 21.980012, "relative_strength": -2.421131, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.410819, "energy": 66.872965, "activity_lines": [ 19.377387, 20.077817, 20.738154, 21.10635 ] }, { "date": "2025-05-16", "close": 21.120647, "volume": 5295894, "typical_volume": 7472439.05, "trend": 21.548395, "fair_value": 21.97609, "relative_strength": -0.028633, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.705972, "energy": 32.921271, "activity_lines": [ 19.98789, 20.142118, 20.76699, 21.077861 ] }, { "date": "2025-05-23", "close": 21.387371, "volume": 4886259, "typical_volume": 7395339.7, "trend": 21.528967, "fair_value": 21.992445, "relative_strength": 1.664733, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.037393, "energy": 15.5942, "activity_lines": [ 20.614858, 20.275929, 20.822734, 21.067472 ] }, { "date": "2025-05-30", "close": 21.051497, "volume": 4367341, "typical_volume": 7295101.75, "trend": 21.537857, "fair_value": 22.003855, "relative_strength": 0.985362, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.208268, "energy": 20.613211, "activity_lines": [ 20.939538, 20.372381, 20.835435, 21.036668 ] }, { "date": "2025-06-06", "close": 21.683733, "volume": 3019594, "typical_volume": 7119538.45, "trend": 21.491757, "fair_value": 22.012887, "relative_strength": 2.36666, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -12.507607, "energy": 18.763267, "activity_lines": [ 21.303732, 20.619528, 20.897201, 21.046079 ] }, { "date": "2025-06-13", "close": 21.960337, "volume": 4390229, "typical_volume": 6995304.9, "trend": 21.430838, "fair_value": 22.020961, "relative_strength": 4.142958, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.462698, "energy": 17.671371, "activity_lines": [ 21.572433, 20.913913, 20.976607, 21.07631 ] }, { "date": "2025-06-20", "close": 21.278708, "volume": 2599400, "typical_volume": 7066034.9, "trend": 21.383091, "fair_value": 22.026122, "relative_strength": 1.992221, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.477218, "energy": 15.64819, "activity_lines": [ 21.51843, 21.080055, 20.984274, 21.066495 ] }, { "date": "2025-06-27", "close": 22.404879, "volume": 2810348, "typical_volume": 6981217.3, "trend": 21.326783, "fair_value": 22.032617, "relative_strength": 3.444604, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.04278, "energy": 24.991374, "activity_lines": [ 21.82928, 21.428324, 21.095716, 21.132417 ] }, { "date": "2025-07-04", "close": 22.592573, "volume": 3819060, "typical_volume": 6876820.3, "trend": 21.259608, "fair_value": 22.044198, "relative_strength": 2.91271, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.97524, "energy": 35.035063, "activity_lines": [ 22.134861, 21.740311, 21.22174, 21.214081 ] }, { "date": "2025-07-11", "close": 22.770388, "volume": 3286435, "typical_volume": 6689506.95, "trend": 21.20297, "fair_value": 22.056599, "relative_strength": 1.831697, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 65.658477, "energy": 58.641576, "activity_lines": [ 22.396975, 22.00991, 21.363381, 21.311551 ] }, { "date": "2025-07-18", "close": 22.91857, "volume": 4066791, "typical_volume": 6559933.0, "trend": 21.1842, "fair_value": 22.068471, "relative_strength": 0.686316, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.012342, "energy": 68.807304, "activity_lines": [ 22.636039, 22.235503, 21.518665, 21.422234 ] }, { "date": "2025-07-25", "close": 23.432261, "volume": 3966943, "typical_volume": 6489141.65, "trend": 21.250717, "fair_value": 22.080678, "relative_strength": 0.773133, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.255203, "energy": 72.58708, "activity_lines": [ 22.982452, 22.511029, 21.717744, 21.567271 ] }, { "date": "2025-08-01", "close": 24.647343, "volume": 6273668, "typical_volume": 6500227.95, "trend": 21.436766, "fair_value": 22.101476, "relative_strength": 7.722761, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.772924, "energy": 82.187326, "activity_lines": [ 23.590321, 22.965449, 22.027041, 21.786408 ] }, { "date": "2025-08-08", "close": 24.73625, "volume": 5485174, "typical_volume": 6229491.65, "trend": 21.637632, "fair_value": 22.126725, "relative_strength": 6.76238, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.134991, "energy": 86.215275, "activity_lines": [ 24.078329, 23.376762, 22.335492, 21.999278 ] }, { "date": "2025-08-15", "close": 24.627584, "volume": 4679491, "typical_volume": 5997916.7, "trend": 21.796679, "fair_value": 22.141913, "relative_strength": 1.780543, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.942138, "energy": 86.738289, "activity_lines": [ 24.387203, 23.701322, 22.625408, 22.192178 ] }, { "date": "2025-08-22", "close": 25.141277, "volume": 3148100, "typical_volume": 5910971.7, "trend": 21.950458, "fair_value": 22.161626, "relative_strength": -0.585456, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.943826, "energy": 89.953275, "activity_lines": [ 24.743495, 24.065756, 22.949429, 22.407958 ] }, { "date": "2025-08-29", "close": 26.040237, "volume": 8000200, "typical_volume": 5795259.7, "trend": 22.133543, "fair_value": 22.190921, "relative_strength": -1.268685, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.315626, "energy": 89.117971, "activity_lines": [ 25.251259, 24.535802, 23.342789, 22.671815 ] }, { "date": "2025-09-05", "close": 27.857918, "volume": 6488300, "typical_volume": 5488744.5, "trend": 22.338361, "fair_value": 22.22349, "relative_strength": 6.354405, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.205235, "energy": 89.037545, "activity_lines": [ 26.191052, 25.249762, 23.880661, 23.04113 ] }, { "date": "2025-09-12", "close": 27.640585, "volume": 3513285, "typical_volume": 4793083.65, "trend": 22.515848, "fair_value": 22.253125, "relative_strength": 2.771254, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.184731, "energy": 86.6754, "activity_lines": [ 26.844363, 25.825062, 24.353427, 23.383209 ] }, { "date": "2025-09-19", "close": 27.235559, "volume": 3435800, "typical_volume": 4559649.65, "trend": 22.66798, "fair_value": 22.28614, "relative_strength": 0.130496, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.136802, "energy": 77.267263, "activity_lines": [ 27.169043, 26.234937, 24.744012, 23.687706 ] }, { "date": "2025-09-26", "close": 26.435385, "volume": 2442600, "typical_volume": 4298745.6, "trend": 22.8211, "fair_value": 22.315011, "relative_strength": -3.860557, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.026221, "energy": 67.283421, "activity_lines": [ 27.053133, 26.418142, 25.018545, 23.930764 ] }, { "date": "2025-10-03", "close": 26.70211, "volume": 705772, "typical_volume": 4069239.5, "trend": 22.968622, "fair_value": 22.348179, "relative_strength": -5.155339, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.019759, "energy": 59.535837, "activity_lines": [ 26.939857, 26.585901, 25.29035, 24.181152 ] }, { "date": "2025-10-10", "close": 26.870049, "volume": 750100, "typical_volume": 3862431.55, "trend": 23.107912, "fair_value": 22.390864, "relative_strength": -3.392267, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.249867, "energy": 52.498504, "activity_lines": [ 26.838436, 26.724741, 25.551571, 24.432857 ] }, { "date": "2025-10-17", "close": 27.265196, "volume": 1996901, "typical_volume": 3743909.55, "trend": 23.249506, "fair_value": 22.439163, "relative_strength": 3.111098, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.350852, "energy": 48.783811, "activity_lines": [ 26.934589, 26.895014, 25.824318, 24.701069 ] }, { "date": "2025-10-24", "close": 27.936947, "volume": 1913380, "typical_volume": 3688598.85, "trend": 23.463545, "fair_value": 22.496573, "relative_strength": 0.848374, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.773384, "energy": 53.914522, "activity_lines": [ 27.279685, 27.141443, 26.131451, 25.003484 ] }, { "date": "2025-10-31", "close": 27.334347, "volume": 4860300, "typical_volume": 3712102.4, "trend": 23.650581, "fair_value": 22.543281, "relative_strength": -2.033536, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.224111, "energy": 48.32477, "activity_lines": [ 27.377155, 27.218137, 26.351416, 25.253214 ] }, { "date": "2025-11-07", "close": 29.152025, "volume": 4056000, "typical_volume": 3784932.4, "trend": 23.954516, "fair_value": 22.594988, "relative_strength": 4.175544, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.20893, "energy": 58.853607, "activity_lines": [ 28.020586, 27.585445, 26.718904, 25.608146 ] }, { "date": "2025-11-14", "close": 33.350468, "volume": 13776970, "typical_volume": 4333263.5, "trend": 24.44845, "fair_value": 22.681247, "relative_strength": 20.529717, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.291895, "energy": 76.366208, "activity_lines": [ 29.900171, 28.659528, 27.448751, 26.214336 ] }, { "date": "2025-11-21", "close": 32.629326, "volume": 12646291, "typical_volume": 4774625.05, "trend": 24.919993, "fair_value": 22.75124, "relative_strength": 23.81452, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.034563, "energy": 69.857347, "activity_lines": [ 31.107348, 29.502629, 28.057796, 26.742134 ] }, { "date": "2025-11-28", "close": 33.75, "volume": 5300800, "typical_volume": 4875343.3, "trend": 25.41605, "fair_value": 22.830142, "relative_strength": 23.296904, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.644012, "energy": 84.769934, "activity_lines": [ 32.330474, 30.458786, 28.725778, 27.311812 ] }, { "date": "2025-12-05", "close": 32.310001, "volume": 5369601, "typical_volume": 4940483.8, "trend": 25.808786, "fair_value": 22.898149, "relative_strength": 16.379438, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.284643, "energy": 74.657813, "activity_lines": [ 32.686063, 31.034679, 29.204333, 27.756583 ] }, { "date": "2025-12-12", "close": 30.99, "volume": 4421961, "typical_volume": 4963234.7, "trend": 26.137764, "fair_value": 22.962932, "relative_strength": 10.63953, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.8098, "energy": 54.362199, "activity_lines": [ 32.269942, 31.263762, 29.512452, 28.090855 ] }, { "date": "2025-12-19", "close": 32.310001, "volume": 2338469, "typical_volume": 4766474.75, "trend": 26.501852, "fair_value": 23.033896, "relative_strength": 16.12132, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.878427, "energy": 48.794084, "activity_lines": [ 32.171289, 31.654883, 29.910297, 28.489064 ] }, { "date": "2025-12-26", "close": 33.299999, "volume": 2259100, "typical_volume": 4605171.05, "trend": 26.910135, "fair_value": 23.112131, "relative_strength": 15.143313, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.801066, "energy": 46.244133, "activity_lines": [ 32.472, 32.127095, 30.365939, 28.927654 ] }, { "date": "2026-01-02", "close": 32.5, "volume": 1439300, "typical_volume": 4443161.5, "trend": 27.270677, "fair_value": 23.18955, "relative_strength": 12.547257, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.465094, "energy": 39.670568, "activity_lines": [ 32.461333, 32.344129, 30.70461, 29.288291 ] }, { "date": "2026-01-09", "close": 35.84, "volume": 4076608, "typical_volume": 4489586.9, "trend": 27.733333, "fair_value": 23.296758, "relative_strength": 18.213653, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.705133, "energy": 50.910047, "activity_lines": [ 33.647333, 33.085472, 31.323889, 29.84115 ] }, { "date": "2026-01-16", "close": 36.860001, "volume": 5289577, "typical_volume": 4354055.75, "trend": 28.252709, "fair_value": 23.411367, "relative_strength": 19.536745, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.646876, "energy": 57.312213, "activity_lines": [ 34.938, 33.857621, 31.989365, 30.429967 ] }, { "date": "2026-01-23", "close": 35.110001, "volume": 4063800, "typical_volume": 4232830.75, "trend": 28.676213, "fair_value": 23.51137, "relative_strength": 12.174367, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.862251, "energy": 50.060445, "activity_lines": [ 35.254001, 34.171443, 32.436651, 30.872373 ] }, { "date": "2026-01-30", "close": 34.099998, "volume": 4362750, "typical_volume": 4275304.0, "trend": 29.059794, "fair_value": 23.605822, "relative_strength": 10.370921, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.20795, "energy": 45.604692, "activity_lines": [ 35.046666, 34.269636, 32.753213, 31.222295 ] }, { "date": "2026-02-06", "close": 34.0, "volume": 2652500, "typical_volume": 4236139.0, "trend": 29.434115, "fair_value": 23.691563, "relative_strength": 12.02649, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.916961, "energy": 38.574732, "activity_lines": [ 34.752666, 34.322909, 33.029491, 31.541018 ] }, { "date": "2026-02-13", "close": 34.299999, "volume": 2258796, "typical_volume": 4226948.8, "trend": 29.813496, "fair_value": 23.774729, "relative_strength": 11.11521, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.211704, "energy": 32.354987, "activity_lines": [ 34.458666, 34.426182, 33.30213, 31.854946 ] }, { "date": "2026-02-27", "close": 38.16, "volume": 4157438, "typical_volume": 4399532.1, "trend": 30.30442, "fair_value": 23.880668, "relative_strength": 19.65283, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.013274, "energy": 45.755339, "activity_lines": [ 35.554, 35.195091, 33.904937, 32.39343 ] }, { "date": "2026-03-06", "close": 40.68, "volume": 8517790, "typical_volume": 4787916.6, "trend": 30.838842, "fair_value": 24.00276, "relative_strength": 29.537283, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.561895, "energy": 60.553552, "activity_lines": [ 37.402666, 36.291818, 34.693183, 33.062822 ] }, { "date": "2026-03-13", "close": 41.740002, "volume": 5147896, "typical_volume": 4945466.35, "trend": 31.405634, "fair_value": 24.13097, "relative_strength": 30.919276, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.977122, "energy": 79.537147, "activity_lines": [ 39.233334, 37.429091, 35.51662, 33.766123 ] }, { "date": "2026-03-20", "close": 37.560001, "volume": 3989960, "typical_volume": 5049295.35, "trend": 31.836714, "fair_value": 24.233001, "relative_strength": 20.663742, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.472976, "energy": 70.814713, "activity_lines": [ 39.161334, 37.652909, 35.873034, 34.163179 ] }, { "date": "2026-03-27", "close": 39.150002, "volume": 5197896, "typical_volume": 5066175.15, "trend": 32.303672, "fair_value": 24.340481, "relative_strength": 25.992703, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.132948, "energy": 58.357039, "activity_lines": [ 39.382001, 38.073819, 36.335052, 34.635004 ] }, { "date": "2026-04-03", "close": 35.630001, "volume": 4863667, "typical_volume": 5106558.5, "trend": 32.623331, "fair_value": 24.428846, "relative_strength": 17.523181, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.056572, "energy": 36.694325, "activity_lines": [ 38.106001, 37.794546, 36.405568, 34.849606 ] }, { "date": "2026-04-10", "close": 37.755077, "volume": 2930052, "typical_volume": 4564212.6, "trend": 32.953236, "fair_value": 24.526645, "relative_strength": 15.675955, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.632589, "energy": 22.34172, "activity_lines": [ 37.707027, 37.924015, 36.647624, 35.180686 ] }, { "date": "2026-04-17", "close": 39.593151, "volume": 4039744, "typical_volume": 4133885.25, "trend": 33.351655, "fair_value": 24.644789, "relative_strength": 16.00481, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.981808, "energy": 26.817772, "activity_lines": [ 38.115738, 38.339586, 37.04376, 35.609068 ] }, { "date": "2026-04-24", "close": 36.354164, "volume": 4430167, "typical_volume": 4090353.6, "trend": 33.655608, "fair_value": 24.739337, "relative_strength": 5.646264, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.202066, "energy": 17.107822, "activity_lines": [ 37.587911, 38.066375, 37.09826, 35.802778 ] }, { "date": "2026-05-01", "close": 36.41378, "volume": 2274300, "typical_volume": 3935588.55, "trend": 33.988222, "fair_value": 24.831617, "relative_strength": 4.17265, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.028741, "energy": 17.091142, "activity_lines": [ 37.160344, 37.761201, 37.146037, 35.980725 ] }, { "date": "2026-05-08", "close": 38.22205, "volume": 2839676, "typical_volume": 3856474.3, "trend": 34.37222, "fair_value": 24.946024, "relative_strength": 5.657392, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.413869, "energy": 18.976447, "activity_lines": [ 37.517949, 37.74637, 37.346489, 36.253875 ] }, { "date": "2026-05-15", "close": 37.347721, "volume": 9483446, "typical_volume": 4213723.15, "trend": 34.721475, "fair_value": 25.049282, "relative_strength": 2.938969, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.79912, "energy": 13.92378, "activity_lines": [ 37.411308, 37.571443, 37.429233, 36.445843 ] }, { "date": "2026-05-22", "close": 36.860874, "volume": 8971324, "typical_volume": 4549334.35, "trend": 35.041331, "fair_value": 25.146154, "relative_strength": 1.12245, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.711156, "energy": 9.307339, "activity_lines": [ 37.169542, 37.368584, 37.441621, 36.583868 ] }, { "date": "2026-05-29", "close": 32.101753, "volume": 6528900, "typical_volume": 4803814.35, "trend": 35.180158, "fair_value": 25.210239, "relative_strength": -11.772071, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.367408, "energy": 8.564258, "activity_lines": [ 35.523554, 36.389143, 36.983803, 36.394218 ] }, { "date": "2026-06-05", "close": 31.634781, "volume": 1429061, "typical_volume": 4671437.0, "trend": 35.323506, "fair_value": 25.264369, "relative_strength": -11.554422, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -27.355933, "energy": 37.182801, "activity_lines": [ 34.005402, 35.424038, 36.483408, 36.165484 ] }, { "date": "2026-06-12", "close": 30.219999, "volume": 1039900, "typical_volume": 4458953.15, "trend": 35.359105, "fair_value": 25.310292, "relative_strength": -13.44822, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.130126, "energy": 54.590625, "activity_lines": [ 32.334256, 34.338341, 35.868297, 35.836226 ] }, { "date": "2026-06-19", "close": 29.75, "volume": 3462200, "typical_volume": 4428873.15, "trend": 35.239089, "fair_value": 25.352752, "relative_strength": -20.260964, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.947698, "energy": 66.073145, "activity_lines": [ 31.039915, 33.265552, 35.240042, 35.474348 ] }, { "date": "2026-06-26", "close": 29.02, "volume": 883200, "typical_volume": 4254895.65, "trend": 35.118779, "fair_value": 25.393891, "relative_strength": -20.804476, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -72.352311, "energy": 79.54688, "activity_lines": [ 30.008754, 32.205584, 34.567788, 35.073116 ] }, { "date": "2026-07-03", "close": 29.65, "volume": 1648900, "typical_volume": 4204715.65, "trend": 34.982112, "fair_value": 25.441495, "relative_strength": -17.951782, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.249299, "energy": 77.870473, "activity_lines": [ 29.710319, 31.4524, 33.979725, 34.720292 ] }, { "date": "2026-07-10", "close": 27.91, "volume": 4194563, "typical_volume": 4301504.0, "trend": 34.835445, "fair_value": 25.481305, "relative_strength": -19.742832, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.846006, "energy": 79.652865, "activity_lines": [ 28.995333, 30.504746, 33.246661, 34.264027 ] }, { "date": "2026-07-17", "close": 25.65, "volume": 4062900, "typical_volume": 4296777.1, "trend": 34.657445, "fair_value": 25.492257, "relative_strength": -18.858178, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.62829, "energy": 82.266268, "activity_lines": [ 27.775333, 29.300797, 32.328788, 33.671417 ] }, { "date": "2026-07-24", "close": 24.6, "volume": 5626474, "typical_volume": 4152211.3, "trend": 34.400445, "fair_value": 25.494425, "relative_strength": -22.359476, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.356158, "energy": 84.637286, "activity_lines": [ 26.51, 28.134522, 31.370486, 33.02255 ] }, { "date": "2026-07-31", "close": 26.040001, "volume": 3429700, "typical_volume": 4066301.5, "trend": 34.158445, "fair_value": 25.505513, "relative_strength": -16.50393, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.081234, "energy": 79.281975, "activity_lines": [ 26.068, 27.461842, 30.625899, 32.483166 ] }, { "date": "2026-08-07", "close": 27.93, "volume": 3778747, "typical_volume": 4055740.85, "trend": 34.006112, "fair_value": 25.530707, "relative_strength": -14.817582, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.570366, "energy": 66.876259, "activity_lines": [ 26.454667, 27.329542, 30.136074, 32.081331 ] } ], "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." } } }