{ "ticker": { "uuid": "5a4f6205-8c39-400e-8f31-40368ad15e65", "symbol": "301073", "name": "SSAW Hotels & Resorts Group Co.,Ltd.", "exchange": "SHZ", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "399001.SZ", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -66.063, "architecture_energy": 65.704, "architecture_maturity": 77.613, "architecture_confidence": 94.668, "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": 7.71, "rotation_up": 26.91, "upward_expansion": 12.0, "deceleration": 60.73, "rotation_down": 57.67, "downward_expansion": 85.33 }, "activity_lines": [ 17.196667, 17.638, 19.749905, 21.799075 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 18.08, "trend_reference": 24.507, "distance_from_trend": -0.262252, "trend_direction": "Weakening", "fair_value": 23.35172, "distance_from_fair_value": -0.225753, "fair_value_direction": "Weakening", "relative_strength": -28.518073, "relative_strength_direction": "Weakening", "price_momentum": -0.402512, "excess_performance": -0.409911, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.262252, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.082524, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.225753, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.226573, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.285181, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.091091, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.402512, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.731061, "read": "Supply-led" } ], "volume": { "latest": 34928682, "relative_activity": 1.717411, "balance": 0.731061, "dry_up": 1.848459, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.089389, "annualized_volatility": 0.351074, "from_high_reference": -0.483429, "from_low_reference": 0.162701 }, "levels": { "trend_reference": 24.507, "fair_value_reference": 23.35172, "structural_low": 15.55, "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": -0.01534, "positive_rate": 0.421053, "directional_follow_through": 0.578947, "median_excess_return": 0.005331, "regime_survival": 0.894737, "best_return": 0.449461, "worst_return": -0.373016, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.015144, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.011991, "regime_survival": 0.666667, "best_return": 0.300493, "worst_return": -0.343068, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.012879, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.000432, "regime_survival": 0.333333, "best_return": 0.232418, "worst_return": -0.380562, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.028955, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.044517, "regime_survival": 0.0, "best_return": 0.33063, "worst_return": -0.38854, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-10", "end": "2025-01-17", "tenure": "New", "return": 0.085791, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-24", "end": "2025-02-21", "tenure": "Developing", "return": 0.004943, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-28", "end": "2025-04-04", "tenure": "Developing", "return": 0.076009, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-04-11", "end": "2025-05-02", "tenure": "New", "return": -0.089958, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-09", "end": "2025-08-29", "tenure": "Established", "return": 0.197769, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-05", "end": "2025-10-03", "tenure": "Developing", "return": -0.135509, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-10", "end": "2025-10-17", "tenure": "New", "return": 0.004856, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-24", "end": "2025-11-14", "tenure": "New", "return": 0.113164, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-21", "end": "2025-11-21", "tenure": "New", "return": 0.0, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2025-12-05", "tenure": "New", "return": -0.068327, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-12", "end": "2026-03-13", "tenure": "Established", "return": 0.178757, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-04-24", "tenure": "Developing", "return": -0.086151, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-05-01", "end": "2026-06-05", "tenure": "Developing", "return": -0.132068, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-12", "end": "2026-08-07", "tenure": "Developing", "return": -0.11416, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 36.00621, "volume": 22813063, "typical_volume": 16557289.8, "trend": 40.405704, "fair_value": 33.456808, "relative_strength": -10.754485, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.096459, "energy": 36.886336, "activity_lines": [ 35.739569, 36.4338, 36.852604, 38.494865 ] }, { "date": "2023-08-04", "close": 35.966904, "volume": 31703198, "typical_volume": 17592595.2, "trend": 40.081694, "fair_value": 33.483511, "relative_strength": -11.855437, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.765954, "energy": 37.34679, "activity_lines": [ 35.752673, 36.308741, 36.637477, 38.208491 ] }, { "date": "2023-08-11", "close": 35.092297, "volume": 12105431, "typical_volume": 17581484.95, "trend": 39.780453, "fair_value": 33.500446, "relative_strength": -10.524741, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.193998, "energy": 43.139517, "activity_lines": [ 35.457862, 36.02104, 36.381431, 37.886595 ] }, { "date": "2023-08-18", "close": 33.43153, "volume": 24590195, "typical_volume": 17531335.1, "trend": 39.496196, "fair_value": 33.499728, "relative_strength": -11.857902, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.7624, "energy": 41.012252, "activity_lines": [ 34.759489, 35.438566, 36.002275, 37.476987 ] }, { "date": "2023-08-25", "close": 33.264469, "volume": 15906548, "typical_volume": 17322425.4, "trend": 39.22853, "fair_value": 33.497303, "relative_strength": -9.480139, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.807609, "energy": 45.826899, "activity_lines": [ 34.217692, 34.906834, 35.655016, 37.07494 ] }, { "date": "2023-09-01", "close": 35.917763, "volume": 28104629, "typical_volume": 17273412.75, "trend": 39.096233, "fair_value": 33.522001, "relative_strength": -5.673339, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.37155, "energy": 35.031963, "activity_lines": [ 34.606185, 34.973657, 35.621129, 36.861342 ] }, { "date": "2023-09-08", "close": 38.089535, "volume": 45992756, "typical_volume": 18642782.55, "trend": 38.908369, "fair_value": 33.568138, "relative_strength": 1.381095, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.346092, "energy": 17.201485, "activity_lines": [ 35.724499, 35.475192, 35.825733, 36.796394 ] }, { "date": "2023-09-15", "close": 37.146141, "volume": 44515672, "typical_volume": 20037060.25, "trend": 38.589993, "fair_value": 33.603918, "relative_strength": -0.10039, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.975542, "energy": 13.830053, "activity_lines": [ 36.38684, 35.762141, 35.946719, 36.682702 ] }, { "date": "2023-09-22", "close": 33.166203, "volume": 58368942, "typical_volume": 22567933.5, "trend": 38.18023, "fair_value": 33.599584, "relative_strength": -11.077125, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.364704, "energy": 19.861694, "activity_lines": [ 35.585612, 35.329038, 35.693614, 36.33278 ] }, { "date": "2023-09-29", "close": 29.530203, "volume": 30568417, "typical_volume": 23384124.7, "trend": 37.511315, "fair_value": 33.559688, "relative_strength": -19.954556, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.477822, "energy": 35.755989, "activity_lines": [ 33.590072, 34.297558, 35.100466, 35.774713 ] }, { "date": "2023-10-13", "close": 25.245621, "volume": 30402962, "typical_volume": 24148816.95, "trend": 36.712181, "fair_value": 33.478969, "relative_strength": -30.845389, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.42733, "energy": 76.668775, "activity_lines": [ 30.41529, 32.567466, 34.112268, 34.983378 ] }, { "date": "2023-10-20", "close": 23.290045, "volume": 22266285, "typical_volume": 24722872.7, "trend": 35.992982, "fair_value": 33.380999, "relative_strength": -32.352946, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.015935, "energy": 88.978148, "activity_lines": [ 27.300124, 30.677462, 32.980854, 34.117434 ] }, { "date": "2023-10-27", "close": 24.685482, "volume": 33201271, "typical_volume": 25909292.35, "trend": 35.40068, "fair_value": 33.298184, "relative_strength": -29.291715, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.415693, "energy": 88.04806, "activity_lines": [ 25.636737, 29.271662, 32.041755, 33.387918 ] }, { "date": "2023-11-03", "close": 23.653643, "volume": 17477257, "typical_volume": 25927852.0, "trend": 34.740092, "fair_value": 33.207198, "relative_strength": -32.262435, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.726617, "energy": 90.211936, "activity_lines": [ 24.460115, 27.86747, 31.055824, 32.630044 ] }, { "date": "2023-11-10", "close": 23.781395, "volume": 20382702, "typical_volume": 26065977.85, "trend": 33.999253, "fair_value": 33.119107, "relative_strength": -32.080765, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.370023, "energy": 88.05778, "activity_lines": [ 23.960247, 26.664286, 30.149866, 31.923032 ] }, { "date": "2023-11-17", "close": 24.410324, "volume": 17134440, "typical_volume": 26500066.5, "trend": 33.394086, "fair_value": 33.03847, "relative_strength": -29.401722, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.819007, "energy": 78.074316, "activity_lines": [ 24.053276, 25.747871, 29.379381, 31.304391 ] }, { "date": "2023-11-24", "close": 24.488939, "volume": 18584411, "typical_volume": 26761452.8, "trend": 32.897121, "fair_value": 32.960034, "relative_strength": -27.381046, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.815118, "energy": 62.136021, "activity_lines": [ 24.228196, 25.054977, 28.681615, 30.729866 ] }, { "date": "2023-12-01", "close": 25.235796, "volume": 36341537, "typical_volume": 27493750.95, "trend": 32.465459, "fair_value": 32.889813, "relative_strength": -23.613618, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.536361, "energy": 54.803393, "activity_lines": [ 24.572143, 24.745158, 28.108466, 30.235587 ] }, { "date": "2023-12-08", "close": 22.739731, "volume": 26221189, "typical_volume": 27780826.45, "trend": 32.07421, "fair_value": 32.798371, "relative_strength": -29.273294, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.455617, "energy": 57.771239, "activity_lines": [ 24.04738, 24.198061, 27.355249, 29.60812 ] }, { "date": "2023-12-15", "close": 22.729902, "volume": 21387593, "typical_volume": 27903424.9, "trend": 31.756497, "fair_value": 32.708474, "relative_strength": -27.295741, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.665031, "energy": 57.877967, "activity_lines": [ 23.580268, 23.838749, 26.66717, 29.005262 ] }, { "date": "2023-12-22", "close": 21.629276, "volume": 21881666, "typical_volume": 27856855.05, "trend": 31.33475, "fair_value": 32.610428, "relative_strength": -28.901679, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.342649, "energy": 61.502563, "activity_lines": [ 22.816381, 23.402965, 25.92771, 28.351893 ] }, { "date": "2023-12-29", "close": 22.297514, "volume": 14839579, "typical_volume": 27013674.1, "trend": 30.885744, "fair_value": 32.519964, "relative_strength": -28.275436, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.737902, "energy": 80.242142, "activity_lines": [ 22.460643, 23.15443, 25.320353, 27.768845 ] }, { "date": "2024-01-05", "close": 22.307341, "volume": 17580860, "typical_volume": 27287445.55, "trend": 30.446408, "fair_value": 32.431158, "relative_strength": -24.275584, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.865395, "energy": 79.470036, "activity_lines": [ 22.254275, 22.925729, 24.779024, 27.2154 ] }, { "date": "2024-01-12", "close": 23.339178, "volume": 37586633, "typical_volume": 27937267.45, "trend": 29.961281, "fair_value": 32.352779, "relative_strength": -18.96556, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.829773, "energy": 68.212442, "activity_lines": [ 22.587083, 22.927873, 24.396847, 26.756869 ] }, { "date": "2024-01-19", "close": 24.921329, "volume": 56344521, "typical_volume": 29959166.1, "trend": 29.470257, "fair_value": 32.289263, "relative_strength": -10.851796, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.786776, "energy": 40.470117, "activity_lines": [ 23.407312, 23.223398, 24.213409, 26.431711 ] }, { "date": "2024-01-26", "close": 22.818346, "volume": 32780154, "typical_volume": 30192942.35, "trend": 28.960562, "fair_value": 32.209001, "relative_strength": -17.640585, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.443085, "energy": 36.047579, "activity_lines": [ 23.380452, 23.115837, 23.869417, 26.002555 ] }, { "date": "2024-02-02", "close": 17.95397, "volume": 25648857, "typical_volume": 29175747.4, "trend": 28.368321, "fair_value": 32.08921, "relative_strength": -28.988045, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.684159, "energy": 54.799667, "activity_lines": [ 21.652861, 22.152789, 23.124528, 25.292452 ] }, { "date": "2024-02-09", "close": 16.912306, "volume": 29082578, "typical_volume": 28404092.7, "trend": 27.687308, "fair_value": 31.962736, "relative_strength": -38.382841, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.01286, "energy": 61.9923, "activity_lines": [ 19.867619, 21.119165, 22.376317, 24.553354 ] }, { "date": "2024-02-23", "close": 19.133213, "volume": 28670488, "typical_volume": 26919170.0, "trend": 27.104566, "fair_value": 31.856707, "relative_strength": -31.551854, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.141904, "energy": 66.04134, "activity_lines": [ 19.182348, 20.640678, 21.935973, 24.001477 ] }, { "date": "2024-03-01", "close": 18.759787, "volume": 20222945, "typical_volume": 26401896.4, "trend": 26.598146, "fair_value": 31.749355, "relative_strength": -34.67227, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.865386, "energy": 70.373955, "activity_lines": [ 18.652999, 20.159869, 21.526888, 23.463105 ] }, { "date": "2024-03-08", "close": 19.860411, "volume": 25658769, "typical_volume": 26164686.75, "trend": 26.059953, "fair_value": 31.652697, "relative_strength": -29.581825, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.720221, "energy": 52.139002, "activity_lines": [ 18.901295, 19.951357, 21.273913, 23.028412 ] }, { "date": "2024-03-15", "close": 21.963398, "volume": 31681326, "typical_volume": 26635438.8, "trend": 25.59317, "fair_value": 31.574558, "relative_strength": -23.167049, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.728508, "energy": 35.701933, "activity_lines": [ 20.047782, 20.157368, 21.246865, 22.764118 ] }, { "date": "2024-03-22", "close": 22.268034, "volume": 15431682, "typical_volume": 25746959.35, "trend": 25.165694, "fair_value": 31.500106, "relative_strength": -20.705062, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.822223, "energy": 20.403747, "activity_lines": [ 21.028519, 20.424841, 21.255148, 22.549593 ] }, { "date": "2024-03-29", "close": 22.012529, "volume": 14110907, "typical_volume": 25578641.85, "trend": 24.785061, "fair_value": 31.424807, "relative_strength": -19.377206, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.984285, "energy": 20.477017, "activity_lines": [ 21.567039, 20.646575, 21.250609, 22.346163 ] }, { "date": "2024-04-05", "close": 23.869839, "volume": 17362765, "typical_volume": 25427645.0, "trend": 24.471906, "fair_value": 31.365319, "relative_strength": -13.233171, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.393943, "energy": 17.598534, "activity_lines": [ 22.532708, 21.230121, 21.430771, 22.287117 ] }, { "date": "2024-04-12", "close": 30.453941, "volume": 48873177, "typical_volume": 27014581.85, "trend": 24.289779, "fair_value": 31.358199, "relative_strength": 14.808975, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 42.987629, "energy": 39.062417, "activity_lines": [ 25.352408, 23.029895, 22.237569, 22.673054 ] }, { "date": "2024-04-19", "close": 24.803404, "volume": 60131695, "typical_volume": 29091946.05, "trend": 23.846908, "fair_value": 31.307387, "relative_strength": -6.274882, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 18.25114, "energy": 32.509713, "activity_lines": [ 25.58236, 23.66347, 22.477442, 22.706191 ] }, { "date": "2024-04-26", "close": 26.23815, "volume": 48398748, "typical_volume": 29694806.6, "trend": 23.483308, "fair_value": 31.268393, "relative_strength": -2.23542, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.162959, "energy": 42.174514, "activity_lines": [ 26.101226, 24.433373, 22.85246, 22.860465 ] }, { "date": "2024-05-03", "close": 24.518423, "volume": 17290896, "typical_volume": 29248291.95, "trend": 23.195049, "fair_value": 31.216866, "relative_strength": -9.27384, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.607113, "energy": 44.958854, "activity_lines": [ 25.782177, 24.721037, 23.058921, 22.927247 ] }, { "date": "2024-05-10", "close": 23.349007, "volume": 31204804, "typical_volume": 29739152.5, "trend": 22.989009, "fair_value": 31.157261, "relative_strength": -14.314571, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.468853, "energy": 18.292885, "activity_lines": [ 24.906262, 24.698167, 23.14554, 22.937179 ] }, { "date": "2024-05-17", "close": 23.958281, "volume": 29640193, "typical_volume": 30127078.85, "trend": 22.946098, "fair_value": 31.103134, "relative_strength": -11.506687, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.292589, "energy": 19.465061, "activity_lines": [ 24.26816, 24.702634, 23.287236, 22.999713 ] }, { "date": "2024-05-24", "close": 21.973223, "volume": 44086783, "typical_volume": 31589439.05, "trend": 22.902204, "fair_value": 31.035, "relative_strength": -16.038482, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.700949, "energy": 16.20234, "activity_lines": [ 23.401417, 24.271674, 23.228789, 22.936947 ] }, { "date": "2024-05-31", "close": 21.118269, "volume": 30524367, "typical_volume": 32236614.4, "trend": 22.783297, "fair_value": 30.961543, "relative_strength": -18.313825, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.322685, "energy": 14.438866, "activity_lines": [ 22.438368, 23.68509, 23.090461, 22.821854 ] }, { "date": "2024-06-07", "close": 19.623602, "volume": 24396144, "typical_volume": 31577089.95, "trend": 22.648962, "fair_value": 30.878175, "relative_strength": -22.579112, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.670682, "energy": 24.935292, "activity_lines": [ 21.318422, 22.847652, 22.815447, 22.618003 ] }, { "date": "2024-06-14", "close": 19.277071, "volume": 22122349, "typical_volume": 29865981.35, "trend": 22.498818, "fair_value": 30.793496, "relative_strength": -23.302362, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -36.601274, "energy": 40.030761, "activity_lines": [ 20.409286, 21.990645, 22.525123, 22.400462 ] }, { "date": "2024-06-21", "close": 18.217672, "volume": 23276254, "typical_volume": 29390786.35, "trend": 22.292396, "fair_value": 30.702367, "relative_strength": -25.224363, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -59.571918, "energy": 60.509242, "activity_lines": [ 19.418481, 21.024524, 22.160781, 22.124259 ] }, { "date": "2024-06-28", "close": 18.019657, "volume": 33388540, "typical_volume": 29777770.5, "trend": 22.076753, "fair_value": 30.611124, "relative_strength": -23.424746, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.049533, "energy": 67.022921, "activity_lines": [ 18.744377, 20.244878, 21.799489, 21.848598 ] }, { "date": "2024-07-05", "close": 17.544411, "volume": 45876383, "typical_volume": 30617460.75, "trend": 21.820374, "fair_value": 30.517791, "relative_strength": -23.339325, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.977119, "energy": 67.500712, "activity_lines": [ 18.17543, 19.502164, 21.392622, 21.556189 ] }, { "date": "2024-07-12", "close": 18.029556, "volume": 37283710, "typical_volume": 31048121.85, "trend": 21.663368, "fair_value": 30.429222, "relative_strength": -21.943755, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.953124, "energy": 66.613664, "activity_lines": [ 18.006454, 19.005727, 21.02895, 21.31162 ] }, { "date": "2024-07-19", "close": 17.336493, "volume": 27932395, "typical_volume": 31433594.35, "trend": 21.483588, "fair_value": 30.337019, "relative_strength": -24.533986, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.033937, "energy": 71.944569, "activity_lines": [ 17.712727, 18.501257, 20.604527, 21.032467 ] }, { "date": "2024-07-26", "close": 16.504818, "volume": 19094559, "typical_volume": 31105383.85, "trend": 21.312772, "fair_value": 30.240291, "relative_strength": -24.820662, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.002547, "energy": 78.500304, "activity_lines": [ 17.271147, 17.954893, 20.107675, 20.711256 ] }, { "date": "2024-08-02", "close": 17.752331, "volume": 27014014, "typical_volume": 30872018.25, "trend": 21.161266, "fair_value": 30.153569, "relative_strength": -18.068557, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.208404, "energy": 67.643152, "activity_lines": [ 17.359595, 17.770866, 19.745612, 20.48155 ] }, { "date": "2024-08-09", "close": 17.702826, "volume": 48791615, "typical_volume": 32540014.9, "trend": 21.007783, "fair_value": 30.067701, "relative_strength": -16.017684, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.091309, "energy": 59.101736, "activity_lines": [ 17.449363, 17.654582, 19.398887, 20.258425 ] }, { "date": "2024-08-16", "close": 16.782043, "volume": 20387068, "typical_volume": 32853822.95, "trend": 20.789211, "fair_value": 29.976704, "relative_strength": -19.231594, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.18319, "energy": 50.507965, "activity_lines": [ 17.221643, 17.432982, 18.986208, 19.985797 ] }, { "date": "2024-08-23", "close": 16.277098, "volume": 17851363, "typical_volume": 32878252.85, "trend": 20.50107, "fair_value": 29.883509, "relative_strength": -19.269365, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.103283, "energy": 53.778362, "activity_lines": [ 16.908775, 17.171238, 18.550346, 19.694693 ] }, { "date": "2024-08-30", "close": 16.613728, "volume": 17647891, "typical_volume": 31316988.55, "trend": 20.29425, "fair_value": 29.793848, "relative_strength": -18.476107, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.931062, "energy": 55.818293, "activity_lines": [ 16.778743, 17.025245, 18.1827, 19.443896 ] }, { "date": "2024-09-06", "close": 16.237492, "volume": 23634333, "typical_volume": 29492120.45, "trend": 20.237034, "fair_value": 29.702866, "relative_strength": -17.351142, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.604397, "energy": 65.594382, "activity_lines": [ 16.516039, 16.840008, 17.845127, 19.18217 ] }, { "date": "2024-09-13", "close": 14.791959, "volume": 36734270, "typical_volume": 28908896.55, "trend": 20.166356, "fair_value": 29.60346, "relative_strength": -22.344125, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.645458, "energy": 73.605446, "activity_lines": [ 15.872479, 16.42435, 17.410675, 18.830875 ] }, { "date": "2024-09-20", "close": 14.69295, "volume": 14719345, "typical_volume": 28780319.0, "trend": 20.018347, "fair_value": 29.504715, "relative_strength": -22.562269, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.219204, "energy": 72.685062, "activity_lines": [ 15.389974, 16.040734, 17.021299, 18.477752 ] }, { "date": "2024-09-27", "close": 19.593903, "volume": 65737513, "typical_volume": 30506954.45, "trend": 20.046151, "fair_value": 29.439512, "relative_strength": -11.19335, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.604209, "energy": 29.387953, "activity_lines": [ 16.680394, 16.608867, 17.145468, 18.450368 ] }, { "date": "2024-10-04", "close": 23.51466, "volume": 28445479, "typical_volume": 30447218.75, "trend": 20.167959, "fair_value": 29.400788, "relative_strength": -2.869525, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 14.92654, "energy": 21.256643, "activity_lines": [ 19.056611, 17.848821, 17.660924, 18.674143 ] }, { "date": "2024-10-11", "close": 19.187962, "volume": 81447776, "typical_volume": 32315268.4, "trend": 20.075444, "fair_value": 29.334471, "relative_strength": -16.337149, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -7.904063, "energy": 23.225005, "activity_lines": [ 19.530535, 18.17465, 17.766427, 18.610918 ] }, { "date": "2024-10-18", "close": 21.296856, "volume": 56224071, "typical_volume": 33600253.6, "trend": 20.043072, "fair_value": 29.282615, "relative_strength": -9.459409, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.088075, "energy": 35.873495, "activity_lines": [ 20.510724, 18.857813, 18.086039, 18.689718 ] }, { "date": "2024-10-25", "close": 23.83149, "volume": 82537883, "typical_volume": 36507340.55, "trend": 20.103704, "fair_value": 29.247672, "relative_strength": -1.026109, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 38.02548, "energy": 48.195827, "activity_lines": [ 21.902132, 19.936472, 18.646195, 18.934132 ] }, { "date": "2024-11-01", "close": 25.069101, "volume": 72949140, "typical_volume": 39048680.1, "trend": 20.143679, "fair_value": 29.329392, "relative_strength": 5.865946, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 50.348451, "energy": 63.721205, "activity_lines": [ 23.096841, 21.111979, 19.304181, 19.254481 ] }, { "date": "2024-11-08", "close": 27.029484, "volume": 74351285, "typical_volume": 41602431.65, "trend": 20.029531, "fair_value": 29.417143, "relative_strength": 6.903419, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 53.772815, "energy": 70.70779, "activity_lines": [ 24.579998, 22.484066, 20.121289, 19.698726 ] }, { "date": "2024-11-15", "close": 22.623579, "volume": 63664175, "typical_volume": 43116213.4, "trend": 19.95687, "fair_value": 29.48054, "relative_strength": -6.866309, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.892438, "energy": 53.81111, "activity_lines": [ 24.360198, 22.865701, 20.476826, 19.866084 ] }, { "date": "2024-11-22", "close": 21.257254, "volume": 33716695, "typical_volume": 42508229.0, "trend": 19.79084, "fair_value": 29.537715, "relative_strength": -9.574959, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 58.46555, "energy": 42.368367, "activity_lines": [ 23.455915, 22.882802, 20.680313, 19.94998 ] }, { "date": "2024-11-29", "close": 22.871101, "volume": 30621637, "typical_volume": 42175125.35, "trend": 19.735929, "fair_value": 29.610805, "relative_strength": -4.022613, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.94068, "energy": 34.542317, "activity_lines": [ 23.092222, 23.07578, 21.01982, 20.148706 ] }, { "date": "2024-12-06", "close": 23.465157, "volume": 33045548, "typical_volume": 42430783.0, "trend": 19.739801, "fair_value": 29.688007, "relative_strength": -2.81777, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.559241, "energy": 23.752177, "activity_lines": [ 22.990573, 23.228074, 21.392849, 20.389302 ] }, { "date": "2024-12-13", "close": 26.455231, "volume": 70792996, "typical_volume": 45015704.85, "trend": 19.823033, "fair_value": 29.777482, "relative_strength": 10.281639, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.14582, "energy": 36.05876, "activity_lines": [ 23.992545, 23.853632, 22.021462, 20.822555 ] }, { "date": "2024-12-20", "close": 23.762182, "volume": 35061513, "typical_volume": 45418079.8, "trend": 19.882665, "fair_value": 29.846274, "relative_strength": -0.163524, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.115538, "energy": 32.288777, "activity_lines": [ 24.135117, 23.936079, 22.346212, 21.076694 ] }, { "date": "2024-12-27", "close": 22.207741, "volume": 26344687, "typical_volume": 44295733.4, "trend": 19.91898, "fair_value": 29.903972, "relative_strength": -6.600689, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.450321, "energy": 29.756306, "activity_lines": [ 23.683636, 23.652733, 22.494301, 21.226699 ] }, { "date": "2025-01-03", "close": 19.148359, "volume": 25991618, "typical_volume": 44575960.9, "trend": 19.903139, "fair_value": 29.94487, "relative_strength": -12.955297, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 20.084754, "energy": 11.586514, "activity_lines": [ 22.148995, 22.796575, 22.329569, 21.176981 ] }, { "date": "2025-01-10", "close": 18.465197, "volume": 17919200, "typical_volume": 44579352.75, "trend": 19.876076, "fair_value": 29.96705, "relative_strength": -14.77949, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -3.655404, "energy": 16.000561, "activity_lines": [ 20.634816, 21.901352, 22.088505, 21.084211 ] }, { "date": "2025-01-17", "close": 20.049343, "volume": 29610902, "typical_volume": 45177503.3, "trend": 19.937132, "fair_value": 30.008678, "relative_strength": -10.31118, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.139321, "energy": 21.781902, "activity_lines": [ 19.982016, 21.414228, 21.987893, 21.095389 ] }, { "date": "2025-01-24", "close": 20.029541, "volume": 24994638, "typical_volume": 45245518.55, "trend": 20.004128, "fair_value": 30.05346, "relative_strength": -10.850006, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -16.47164, "energy": 31.997087, "activity_lines": [ 19.749675, 21.050414, 21.869035, 21.101351 ] }, { "date": "2025-01-31", "close": 19.385983, "volume": 3961150, "typical_volume": 43606862.55, "trend": 20.065514, "fair_value": 30.083086, "relative_strength": -12.014383, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -19.373587, "energy": 39.531623, "activity_lines": [ 19.551657, 20.616755, 21.670829, 21.061471 ] }, { "date": "2025-02-07", "close": 20.138451, "volume": 11923368, "typical_volume": 43467063.7, "trend": 20.13581, "fair_value": 30.103472, "relative_strength": -11.975132, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -15.902152, "energy": 29.771996, "activity_lines": [ 19.79258, 20.353931, 21.522409, 21.066177 ] }, { "date": "2025-02-14", "close": 20.237459, "volume": 31329986, "typical_volume": 41746687.35, "trend": 20.232509, "fair_value": 30.108774, "relative_strength": -12.942909, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -13.920142, "energy": 16.716973, "activity_lines": [ 20.000498, 20.158793, 21.357488, 21.072735 ] }, { "date": "2025-02-21", "close": 20.12855, "volume": 24819526, "typical_volume": 41565389.7, "trend": 20.3533, "fair_value": 30.112606, "relative_strength": -15.107027, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -2.956973, "energy": 11.071416, "activity_lines": [ 20.053963, 20.002538, 21.179131, 21.066027 ] }, { "date": "2025-02-28", "close": 20.841415, "volume": 34344752, "typical_volume": 39210238.5, "trend": 20.45627, "fair_value": 30.111466, "relative_strength": -8.931923, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.717103, "energy": 8.307304, "activity_lines": [ 20.339769, 20.090926, 21.084789, 21.097519 ] }, { "date": "2025-03-07", "close": 21.663189, "volume": 33500525, "typical_volume": 38074061.2, "trend": 20.588282, "fair_value": 30.101971, "relative_strength": -7.269716, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 2.628431, "energy": 6.912012, "activity_lines": [ 20.845375, 20.381833, 21.060838, 21.175384 ] }, { "date": "2025-03-14", "close": 22.63348, "volume": 38858225, "typical_volume": 35890078.3, "trend": 20.78333, "fair_value": 30.095386, "relative_strength": -4.112907, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.395026, "energy": 25.544142, "activity_lines": [ 21.522597, 20.859057, 21.127551, 21.307333 ] }, { "date": "2025-03-21", "close": 22.732489, "volume": 31447634, "typical_volume": 33815003.0, "trend": 20.99851, "fair_value": 30.089271, "relative_strength": -0.895369, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 51.335889, "energy": 37.294882, "activity_lines": [ 22.066487, 21.290916, 21.209399, 21.433085 ] }, { "date": "2025-03-28", "close": 21.603785, "volume": 53537437, "typical_volume": 32774310.6, "trend": 21.164845, "fair_value": 30.085296, "relative_strength": -4.843855, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 42.345965, "energy": 36.008805, "activity_lines": [ 22.067808, 21.43997, 21.194878, 21.472135 ] }, { "date": "2025-04-04", "close": 22.42556, "volume": 26282467, "typical_volume": 30905225.2, "trend": 21.371114, "fair_value": 30.094669, "relative_strength": 1.385303, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 29.949754, "energy": 39.280509, "activity_lines": [ 22.244704, 21.710175, 21.284457, 21.553471 ] }, { "date": "2025-04-11", "close": 23.663174, "volume": 72814553, "typical_volume": 32860118.1, "trend": 21.666821, "fair_value": 30.084454, "relative_strength": 13.675771, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.597902, "energy": 41.75863, "activity_lines": [ 22.728528, 22.161836, 21.492848, 21.701346 ] }, { "date": "2025-04-18", "close": 25.910681, "volume": 131568437, "typical_volume": 37907458.1, "trend": 22.040745, "fair_value": 30.09612, "relative_strength": 25.17168, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 42.122859, "energy": 48.96646, "activity_lines": [ 23.828189, 22.944368, 21.90383, 21.975144 ] }, { "date": "2025-04-25", "close": 24.108715, "volume": 97610284, "typical_volume": 41135694.9, "trend": 22.191239, "fair_value": 30.075938, "relative_strength": 15.233836, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.357234, "energy": 45.343377, "activity_lines": [ 24.108715, 23.29432, 22.128722, 22.108561 ] }, { "date": "2025-05-02", "close": 21.534477, "volume": 37206396, "typical_volume": 39456364.9, "trend": 22.125233, "fair_value": 30.038647, "relative_strength": 3.469319, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.540711, "energy": 22.780364, "activity_lines": [ 23.439413, 23.105843, 22.105384, 22.066189 ] }, { "date": "2025-05-09", "close": 20.950325, "volume": 30885491, "typical_volume": 39247563.8, "trend": 22.183978, "fair_value": 29.966727, "relative_strength": -1.295456, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.864414, "energy": 7.426783, "activity_lines": [ 22.580014, 22.785593, 22.049844, 21.990389 ] }, { "date": "2025-05-16", "close": 21.227551, "volume": 30485449, "typical_volume": 39454601.9, "trend": 22.181668, "fair_value": 29.888586, "relative_strength": -0.157636, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.441736, "energy": 12.161661, "activity_lines": [ 21.911373, 22.513768, 22.034097, 21.928684 ] }, { "date": "2025-05-23", "close": 20.574091, "volume": 30918088, "typical_volume": 39700925.4, "trend": 22.073088, "fair_value": 29.819301, "relative_strength": -2.510311, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.613517, "energy": 22.063773, "activity_lines": [ 21.187287, 22.131053, 21.960784, 21.824969 ] }, { "date": "2025-05-30", "close": 20.950325, "volume": 25719545, "typical_volume": 40090942.65, "trend": 21.935796, "fair_value": 29.777108, "relative_strength": 0.336108, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -41.193425, "energy": 29.820674, "activity_lines": [ 20.944385, 21.854188, 21.916512, 21.752533 ] }, { "date": "2025-06-06", "close": 21.871109, "volume": 26876246, "typical_volume": 39954209.85, "trend": 21.76385, "fair_value": 29.706071, "relative_strength": 3.248144, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.607718, "energy": 17.648838, "activity_lines": [ 21.21897, 21.777141, 21.948101, 21.74836 ] }, { "date": "2025-06-13", "close": 21.535892, "volume": 49825475, "typical_volume": 41195751.7, "trend": 21.727594, "fair_value": 29.633712, "relative_strength": 2.242578, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.792847, "energy": 10.10366, "activity_lines": [ 21.359374, 21.634285, 21.939089, 21.733653 ] }, { "date": "2025-06-20", "close": 22.901194, "volume": 50527548, "typical_volume": 43524071.6, "trend": 21.782392, "fair_value": 29.577993, "relative_strength": 9.71357, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 15.201791, "energy": 7.538383, "activity_lines": [ 21.91584, 21.755841, 22.052933, 21.809369 ] }, { "date": "2025-06-27", "close": 23.977489, "volume": 66689736, "typical_volume": 46262390.0, "trend": 21.819271, "fair_value": 29.505047, "relative_strength": 10.456856, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.706882, "energy": 25.249826, "activity_lines": [ 22.719496, 22.086942, 22.252541, 21.950988 ] }, { "date": "2025-07-04", "close": 22.91116, "volume": 42432511, "typical_volume": 46817516.25, "trend": 21.800805, "fair_value": 29.446113, "relative_strength": 4.081278, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.388298, "energy": 26.472807, "activity_lines": [ 22.940815, 22.259313, 22.332314, 22.021432 ] }, { "date": "2025-07-11", "close": 23.249992, "volume": 32671341, "typical_volume": 47210107.0, "trend": 21.693963, "fair_value": 29.385423, "relative_strength": 3.639886, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 50.860038, "energy": 42.335078, "activity_lines": [ 23.144356, 22.515064, 22.431625, 22.114928 ] }, { "date": "2025-07-18", "close": 22.522497, "volume": 32456947, "typical_volume": 47115716.75, "trend": 21.65264, "fair_value": 29.307913, "relative_strength": -1.710969, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.793367, "energy": 44.683814, "activity_lines": [ 23.013474, 22.607352, 22.446786, 22.168382 ] }, { "date": "2025-07-25", "close": 22.671982, "volume": 33447643, "typical_volume": 47113072.65, "trend": 21.668115, "fair_value": 29.190001, "relative_strength": -3.409067, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.173622, "energy": 29.172972, "activity_lines": [ 22.866646, 22.698234, 22.468178, 22.234146 ] }, { "date": "2025-08-01", "close": 22.153765, "volume": 28118735, "typical_volume": 46576098.15, "trend": 21.768295, "fair_value": 29.067973, "relative_strength": -4.045942, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.509333, "energy": 14.796049, "activity_lines": [ 22.562359, 22.668633, 22.435413, 22.265478 ] }, { "date": "2025-08-08", "close": 22.532463, "volume": 19477897, "typical_volume": 45977611.3, "trend": 21.903871, "fair_value": 28.937342, "relative_strength": -3.535718, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.906848, "energy": 13.574429, "activity_lines": [ 22.505887, 22.679164, 22.440999, 22.31478 ] }, { "date": "2025-08-15", "close": 23.359617, "volume": 40661855, "typical_volume": 45333832.2, "trend": 22.014213, "fair_value": 28.817738, "relative_strength": -4.342037, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 40.996662, "energy": 17.949105, "activity_lines": [ 22.75038, 22.811321, 22.526314, 22.408699 ] }, { "date": "2025-08-22", "close": 24.595364, "volume": 59070736, "typical_volume": 46973245.65, "trend": 22.166407, "fair_value": 28.710275, "relative_strength": -3.70926, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 63.69697, "energy": 40.123041, "activity_lines": [ 23.399479, 23.141095, 22.720958, 22.575224 ] }, { "date": "2025-08-29", "close": 25.093649, "volume": 62266423, "typical_volume": 46445839.15, "trend": 22.356663, "fair_value": 28.612022, "relative_strength": -5.848577, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 68.53518, "energy": 62.03351, "activity_lines": [ 24.076483, 23.50584, 22.952725, 22.764079 ] }, { "date": "2025-09-05", "close": 25.960665, "volume": 76392850, "typical_volume": 43687059.8, "trend": 22.550737, "fair_value": 28.520622, "relative_strength": -1.836985, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.514427, "energy": 74.174164, "activity_lines": [ 24.881047, 23.988362, 23.260253, 22.996595 ] }, { "date": "2025-09-12", "close": 26.50878, "volume": 75978057, "typical_volume": 42605448.45, "trend": 22.759781, "fair_value": 28.4662, "relative_strength": -2.528471, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.270177, "energy": 80.518849, "activity_lines": [ 25.614523, 24.534482, 23.619745, 23.251953 ] }, { "date": "2025-09-19", "close": 26.379225, "volume": 76937026, "typical_volume": 44591979.95, "trend": 22.968137, "fair_value": 28.409276, "relative_strength": -4.267471, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.450744, "energy": 79.207417, "activity_lines": [ 26.039727, 24.991637, 23.95547, 23.485465 ] }, { "date": "2025-09-26", "close": 23.000851, "volume": 47702390, "typical_volume": 45432824.9, "trend": 23.040118, "fair_value": 28.326059, "relative_strength": -17.160538, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.227549, "energy": 48.319921, "activity_lines": [ 25.137498, 24.777646, 23.946374, 23.487576 ] }, { "date": "2025-10-03", "close": 22.442772, "volume": 13410389, "typical_volume": 44579071.9, "trend": 23.066104, "fair_value": 28.217581, "relative_strength": -20.651144, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 24.317373, "energy": 17.411242, "activity_lines": [ 24.155544, 24.453489, 23.874363, 23.449037 ] }, { "date": "2025-10-10", "close": 21.207024, "volume": 16484819, "typical_volume": 43857408.45, "trend": 23.018555, "fair_value": 28.0861, "relative_strength": -23.836062, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.179446, "energy": 24.085209, "activity_lines": [ 22.938399, 23.908817, 23.678876, 23.329097 ] }, { "date": "2025-10-17", "close": 21.309999, "volume": 24652420, "typical_volume": 43804052.2, "trend": 22.971139, "fair_value": 27.960083, "relative_strength": -19.165442, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -28.474064, "energy": 37.126069, "activity_lines": [ 22.072489, 23.400083, 23.490181, 23.218867 ] }, { "date": "2025-10-24", "close": 21.65, "volume": 16130651, "typical_volume": 43266772.45, "trend": 22.97268, "fair_value": 27.828643, "relative_strength": -21.136205, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.610945, "energy": 37.4752, "activity_lines": [ 21.666498, 22.975393, 23.332155, 23.133632 ] }, { "date": "2025-10-31", "close": 21.49, "volume": 16566443, "typical_volume": 41603820.85, "trend": 22.941494, "fair_value": 27.695884, "relative_strength": -21.662881, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.005419, "energy": 50.203445, "activity_lines": [ 21.522454, 22.552696, 23.159944, 23.037976 ] }, { "date": "2025-11-07", "close": 21.58, "volume": 25706468, "typical_volume": 40362766.85, "trend": 22.872055, "fair_value": 27.559482, "relative_strength": -20.884274, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.686459, "energy": 42.454645, "activity_lines": [ 21.509135, 22.202824, 22.996522, 22.950137 ] }, { "date": "2025-11-14", "close": 24.1, "volume": 50318976, "typical_volume": 39544228.85, "trend": 22.811699, "fair_value": 27.434472, "relative_strength": -10.14975, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 8.867212, "energy": 11.609704, "activity_lines": [ 22.393333, 22.375018, 23.079392, 23.02936 ] }, { "date": "2025-11-21", "close": 22.91, "volume": 28454752, "typical_volume": 38845340.9, "trend": 22.771742, "fair_value": 27.240795, "relative_strength": -9.789063, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.651458, "energy": 3.878714, "activity_lines": [ 22.688, 22.364679, 23.048346, 23.035702 ] }, { "date": "2025-11-28", "close": 28.1, "volume": 34193627, "typical_volume": 38921455.2, "trend": 22.990593, "fair_value": 27.104243, "relative_strength": 6.837363, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.862821, "energy": 41.425579, "activity_lines": [ 24.606, 23.363408, 23.51159, 23.37946 ] }, { "date": "2025-12-05", "close": 26.18, "volume": 55553885, "typical_volume": 40076302.1, "trend": 23.164915, "fair_value": 26.979489, "relative_strength": -1.529848, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 61.6637, "energy": 46.447307, "activity_lines": [ 25.454, 23.98176, 23.768882, 23.585228 ] }, { "date": "2025-12-12", "close": 24.950001, "volume": 38204002, "typical_volume": 40314120.05, "trend": 23.288997, "fair_value": 26.851655, "relative_strength": -6.416454, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.584129, "energy": 56.481881, "activity_lines": [ 25.579334, 24.318673, 23.891615, 23.700395 ] }, { "date": "2025-12-19", "close": 27.299999, "volume": 69273755, "typical_volume": 42371871.05, "trend": 23.513194, "fair_value": 26.724681, "relative_strength": 3.471191, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.625261, "energy": 68.472874, "activity_lines": [ 26.263333, 25.037273, 24.227309, 23.95917 ] }, { "date": "2025-12-26", "close": 26.85, "volume": 39284362, "typical_volume": 43362194.3, "trend": 23.70985, "fair_value": 26.601005, "relative_strength": -1.599716, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.15981, "energy": 61.872649, "activity_lines": [ 26.584, 25.563273, 24.495641, 24.174447 ] }, { "date": "2026-01-02", "close": 26.059999, "volume": 15246136, "typical_volume": 42091408.35, "trend": 23.849479, "fair_value": 26.466207, "relative_strength": -3.930679, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.331892, "energy": 43.845188, "activity_lines": [ 26.378666, 25.844909, 24.668174, 24.32607 ] }, { "date": "2026-01-09", "close": 29.219999, "volume": 54337417, "typical_volume": 41854742.4, "trend": 24.105616, "fair_value": 26.365662, "relative_strength": 2.996369, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.287388, "energy": 61.60381, "activity_lines": [ 27.362666, 26.620909, 25.128801, 24.672555 ] }, { "date": "2026-01-16", "close": 29.73, "volume": 58528241, "typical_volume": 41667833.3, "trend": 24.333243, "fair_value": 26.263372, "relative_strength": 3.505494, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.807169, "energy": 60.406797, "activity_lines": [ 28.313999, 27.349091, 25.615977, 25.035419 ] }, { "date": "2026-01-23", "close": 30.469999, "volume": 32482977, "typical_volume": 39472339.65, "trend": 24.54966, "fair_value": 26.175811, "relative_strength": 4.752362, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.354192, "energy": 62.247836, "activity_lines": [ 29.193333, 28.063636, 26.151552, 25.431338 ] }, { "date": "2026-01-30", "close": 30.26, "volume": 38034417, "typical_volume": 37575157.65, "trend": 24.794621, "fair_value": 26.100816, "relative_strength": 5.519403, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.52764, "energy": 65.798403, "activity_lines": [ 29.791333, 28.624181, 26.645654, 25.799747 ] }, { "date": "2026-02-06", "close": 33.400002, "volume": 49940432, "typical_volume": 36225327.95, "trend": 25.132955, "fair_value": 26.05021, "relative_strength": 18.413076, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.2936, "energy": 69.803239, "activity_lines": [ 31.208667, 29.622, 27.42094, 26.354933 ] }, { "date": "2026-02-13", "close": 30.370001, "volume": 33896914, "typical_volume": 35535054.15, "trend": 25.394539, "fair_value": 25.989206, "relative_strength": 5.921139, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.170488, "energy": 52.51495, "activity_lines": [ 31.126667, 29.972546, 27.874223, 26.692807 ] }, { "date": "2026-02-27", "close": 30.290001, "volume": 26066231, "typical_volume": 36167846.25, "trend": 25.648473, "fair_value": 25.903081, "relative_strength": 2.513561, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.193012, "energy": 44.668387, "activity_lines": [ 30.941334, 30.232364, 28.284795, 27.008643 ] }, { "date": "2026-03-06", "close": 29.290001, "volume": 18717496, "typical_volume": 36279480.1, "trend": 25.886347, "fair_value": 25.791495, "relative_strength": 1.286564, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.763514, "energy": 39.383504, "activity_lines": [ 30.385334, 30.213273, 28.562762, 27.243581 ] }, { "date": "2026-03-13", "close": 29.41, "volume": 17353368, "typical_volume": 35914527.5, "trend": 26.115598, "fair_value": 25.688617, "relative_strength": 0.872716, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.071031, "energy": 26.445827, "activity_lines": [ 29.948001, 30.179819, 28.813667, 27.470913 ] }, { "date": "2026-03-20", "close": 27.51, "volume": 17049357, "typical_volume": 35960462.8, "trend": 26.253944, "fair_value": 25.547029, "relative_strength": -2.75177, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.238072, "energy": 19.103302, "activity_lines": [ 28.934, 29.754364, 28.845048, 27.560875 ] }, { "date": "2026-03-27", "close": 27.219999, "volume": 22680751, "typical_volume": 36266178.2, "trend": 26.341432, "fair_value": 25.406006, "relative_strength": -2.90063, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.067448, "energy": 18.543909, "activity_lines": [ 28.216, 29.249818, 28.820905, 27.623201 ] }, { "date": "2026-04-03", "close": 26.18, "volume": 17405076, "typical_volume": 35851108.6, "trend": 26.377644, "fair_value": 25.286224, "relative_strength": -3.691551, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.935845, "energy": 14.058345, "activity_lines": [ 27.361333, 28.592546, 28.670429, 27.612786 ] }, { "date": "2026-04-10", "close": 27.34, "volume": 15525573, "typical_volume": 34111438.45, "trend": 26.423622, "fair_value": 25.189335, "relative_strength": -5.922942, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.134165, "energy": 17.181839, "activity_lines": [ 27.167333, 28.210727, 28.608524, 27.674873 ] }, { "date": "2026-04-17", "close": 26.639999, "volume": 32876619, "typical_volume": 34332531.8, "trend": 26.427996, "fair_value": 25.081443, "relative_strength": -11.361073, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.194818, "energy": 15.691564, "activity_lines": [ 26.87, 27.758545, 28.464524, 27.688833 ] }, { "date": "2026-04-24", "close": 25.139999, "volume": 32530774, "typical_volume": 34249389.15, "trend": 26.386688, "fair_value": 24.947683, "relative_strength": -15.885175, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.319816, "energy": 34.903029, "activity_lines": [ 26.257333, 27.099454, 28.159905, 27.605736 ] }, { "date": "2026-05-01", "close": 24.76, "volume": 20941297, "typical_volume": 32518759.75, "trend": 26.445326, "fair_value": 24.833546, "relative_strength": -17.445093, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.96935, "energy": 43.856028, "activity_lines": [ 25.676, 26.521454, 27.83319, 27.500789 ] }, { "date": "2026-05-08", "close": 24.76, "volume": 12664640, "typical_volume": 31241791.65, "trend": 26.522567, "fair_value": 24.739713, "relative_strength": -19.408975, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.446284, "energy": 49.190463, "activity_lines": [ 25.258666, 26.045454, 27.513238, 27.392058 ] }, { "date": "2026-05-15", "close": 23.68, "volume": 19771438, "typical_volume": 28766675.8, "trend": 26.605, "fair_value": 24.646728, "relative_strength": -22.499169, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.506049, "energy": 63.832165, "activity_lines": [ 24.576, 25.473636, 27.091333, 27.208667 ] }, { "date": "2026-05-22", "close": 23.190001, "volume": 13585822, "typical_volume": 27481748.8, "trend": 26.667667, "fair_value": 24.574374, "relative_strength": -23.831198, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.004053, "energy": 69.91574, "activity_lines": [ 23.974, 24.914727, 26.64, 26.988344 ] }, { "date": "2026-05-29", "close": 22.959999, "volume": 18230412, "typical_volume": 27630962.6, "trend": 26.711333, "fair_value": 24.514751, "relative_strength": -24.063066, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.159455, "energy": 71.404243, "activity_lines": [ 23.525333, 24.427091, 26.18419, 26.74914 ] }, { "date": "2026-06-05", "close": 21.49, "volume": 3421584, "typical_volume": 25085170.95, "trend": 26.711333, "fair_value": 24.432753, "relative_strength": -27.223592, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -83.162436, "energy": 88.565316, "activity_lines": [ 22.732, 23.754909, 25.603143, 26.41228 ] }, { "date": "2026-06-12", "close": 20.41, "volume": 3388553, "typical_volume": 22328186.55, "trend": 26.672333, "fair_value": 24.334306, "relative_strength": -28.701081, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.292795, "energy": 92.033711, "activity_lines": [ 21.796667, 22.990545, 24.956048, 26.005742 ] }, { "date": "2026-06-19", "close": 19.559999, "volume": 11304904, "typical_volume": 21269282.9, "trend": 26.521, "fair_value": 24.232207, "relative_strength": -35.632496, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.360143, "energy": 92.897682, "activity_lines": [ 20.868, 22.176545, 24.272381, 25.546882 ] }, { "date": "2026-06-26", "close": 18.5, "volume": 2633814, "typical_volume": 19499252.75, "trend": 26.374, "fair_value": 24.107893, "relative_strength": -37.453592, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.368877, "energy": 94.757449, "activity_lines": [ 19.860666, 21.311273, 23.539714, 25.029398 ] }, { "date": "2026-07-03", "close": 18.4, "volume": 5371885, "typical_volume": 17270825.4, "trend": 26.050667, "fair_value": 23.971662, "relative_strength": -36.316171, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.983187, "energy": 92.797127, "activity_lines": [ 19.132666, 20.575818, 22.853524, 24.514946 ] }, { "date": "2026-07-10", "close": 17.15, "volume": 24050852, "typical_volume": 16778522.3, "trend": 25.749667, "fair_value": 23.837308, "relative_strength": -37.797661, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.10794, "energy": 94.56916, "activity_lines": [ 18.292, 19.735636, 22.119714, 23.94071 ] }, { "date": "2026-07-17", "close": 16.6, "volume": 22167871, "typical_volume": 16583604.3, "trend": 25.471333, "fair_value": 23.714736, "relative_strength": -33.232935, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.459277, "energy": 94.031598, "activity_lines": [ 17.557333, 18.933818, 21.396476, 23.350409 ] }, { "date": "2026-07-24", "close": 15.6, "volume": 21726326, "typical_volume": 16734045.8, "trend": 25.081333, "fair_value": 23.57536, "relative_strength": -36.94136, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.154257, "energy": 94.732878, "activity_lines": [ 16.743333, 18.098545, 20.64319, 22.713548 ] }, { "date": "2026-07-31", "close": 17.6, "volume": 71552919, "typical_volume": 19444023.35, "trend": 24.773, "fair_value": 23.453466, "relative_strength": -27.259691, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.204851, "energy": 67.989234, "activity_lines": [ 16.86, 17.773818, 20.145571, 22.230882 ] }, { "date": "2026-08-07", "close": 18.08, "volume": 34928682, "typical_volume": 20337989.6, "trend": 24.507, "fair_value": 23.35172, "relative_strength": -28.518073, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.063044, "energy": 65.703932, "activity_lines": [ 17.196667, 17.638, 19.749905, 21.799075 ] } ], "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." } } }