{ "ticker": { "uuid": "5b4f9733-aab6-4e81-900e-4b6ad0d0cd52", "symbol": "002561", "name": "Shanghai Xujiahui Commercial 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": -61.005, "architecture_energy": 54.024, "architecture_maturity": 100.0, "architecture_confidence": 84.527, "architecture_tenure": "Established", "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": 11.9, "rotation_up": 28.97, "upward_expansion": 14.48, "deceleration": 61.0, "rotation_down": 46.51, "downward_expansion": 76.48 }, "activity_lines": [ 6.502667, 6.503636, 6.877286, 7.241548 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 6.6, "trend_reference": 7.766667, "distance_from_trend": -0.150215, "trend_direction": "Weakening", "fair_value": 8.484907, "distance_from_fair_value": -0.222148, "fair_value_direction": "Weakening", "relative_strength": -23.120686, "relative_strength_direction": "Improving", "price_momentum": -0.259259, "excess_performance": -0.266659, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.150215, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.089452, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.222148, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.156962, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.231207, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.011787, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.259259, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.301981, "read": "Supply-led" } ], "volume": { "latest": 17817150, "relative_activity": 1.052322, "balance": 0.301981, "dry_up": 1.262982, "accumulation_observations": 2, "distribution_observations": 6 }, "risk": { "range_context": 0.061189, "annualized_volatility": 0.206254, "from_high_reference": -0.359223, "from_low_reference": 0.071429 }, "levels": { "trend_reference": 7.766667, "fair_value_reference": 8.484907, "structural_low": 6.16, "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": 23, "median_return": 0.011125, "positive_rate": 0.521739, "directional_follow_through": 0.478261, "median_excess_return": -0.003289, "regime_survival": 0.73913, "best_return": 0.344418, "worst_return": -0.13325, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.060195, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.081763, "regime_survival": 0.444444, "best_return": 0.41854, "worst_return": -0.174289, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.094273, "positive_rate": 0.8, "directional_follow_through": 0.2, "median_excess_return": -0.039672, "regime_survival": 0.2, "best_return": 0.204056, "worst_return": -0.154807, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.119949, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.128976, "regime_survival": 0.666667, "best_return": 0.261696, "worst_return": 0.000875, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-02-02", "end": "2024-02-23", "tenure": "New", "return": 0.002345, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-03-01", "end": "2024-04-05", "tenure": "Developing", "return": 0.021052, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-04-12", "end": "2024-04-26", "tenure": "New", "return": -0.129237, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-05-03", "end": "2024-10-04", "tenure": "Established", "return": 0.155494, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-11", "end": "2024-10-25", "tenure": "New", "return": -0.057203, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-01", "end": "2025-01-10", "tenure": "Developing", "return": -0.135829, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-17", "end": "2025-01-31", "tenure": "New", "return": -0.053241, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-02-07", "end": "2025-02-21", "tenure": "New", "return": 0.0, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-02-28", "end": "2025-03-21", "tenure": "New", "return": 0.001209, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-28", "end": "2025-06-27", "tenure": "Established", "return": 0.060195, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-04", "end": "2025-07-25", "tenure": "New", "return": 0.04745, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-01", "end": "2025-10-24", "tenure": "Established", "return": 0.021965, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-31", "end": "2026-03-13", "tenure": "Established", "return": -0.019653, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-20", "end": "2026-08-07", "tenure": "Established", "return": -0.184178, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 10.095507, "volume": 211163323, "typical_volume": 61791012.65, "trend": 9.86076, "fair_value": 8.22104, "relative_strength": 8.439339, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 6.59401, "energy": 14.168382, "activity_lines": [ 9.443342, 9.210638, 9.140614, 9.363898 ] }, { "date": "2023-08-04", "close": 10.418327, "volume": 279152156, "typical_volume": 72738841.1, "trend": 9.757214, "fair_value": 8.234725, "relative_strength": 10.136329, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 32.884353, "energy": 34.247738, "activity_lines": [ 9.852901, 9.457867, 9.254, 9.39987 ] }, { "date": "2023-08-11", "close": 9.635732, "volume": 80389126, "typical_volume": 74551732.5, "trend": 9.65429, "fair_value": 8.245494, "relative_strength": 5.602609, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 18.403388, "energy": 30.003295, "activity_lines": [ 9.880945, 9.527946, 9.288707, 9.392033 ] }, { "date": "2023-08-18", "close": 9.508558, "volume": 92489735, "typical_volume": 74483541.5, "trend": 9.610841, "fair_value": 8.254247, "relative_strength": 7.250961, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 17.615807, "energy": 28.425133, "activity_lines": [ 9.809206, 9.559249, 9.31102, 9.382631 ] }, { "date": "2023-08-25", "close": 8.999869, "volume": 48932905, "typical_volume": 74022422.65, "trend": 9.559123, "fair_value": 8.25854, "relative_strength": 4.402884, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "down", "direction": -17.412852, "energy": 13.312555, "activity_lines": [ 9.524862, 9.490772, 9.287599, 9.343213 ] }, { "date": "2023-09-01", "close": 9.420517, "volume": 67259318, "typical_volume": 74332468.15, "trend": 9.505016, "fair_value": 8.265109, "relative_strength": 5.374912, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.282577, "energy": 8.031445, "activity_lines": [ 9.421168, 9.506958, 9.30795, 9.334271 ] }, { "date": "2023-09-08", "close": 9.048782, "volume": 53439931, "typical_volume": 74650500.65, "trend": 9.452355, "fair_value": 8.270195, "relative_strength": 2.665925, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -36.546827, "energy": 22.377551, "activity_lines": [ 9.238562, 9.44435, 9.294514, 9.304836 ] }, { "date": "2023-09-15", "close": 9.234649, "volume": 42466384, "typical_volume": 74316382.9, "trend": 9.411359, "fair_value": 8.277612, "relative_strength": 5.823539, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -24.288735, "energy": 18.966551, "activity_lines": [ 9.209215, 9.407532, 9.300602, 9.290791 ] }, { "date": "2023-09-22", "close": 8.941175, "volume": 53281379, "typical_volume": 76272641.9, "trend": 9.359616, "fair_value": 8.283929, "relative_strength": 1.828476, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -31.869221, "energy": 20.113815, "activity_lines": [ 9.108781, 9.308996, 9.278437, 9.260456 ] }, { "date": "2023-09-29", "close": 8.980306, "volume": 20359289, "typical_volume": 75865013.9, "trend": 9.294697, "fair_value": 8.291936, "relative_strength": 3.066366, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -41.176716, "energy": 25.321127, "activity_lines": [ 9.059217, 9.216152, 9.259944, 9.235985 ] }, { "date": "2023-10-13", "close": 8.510747, "volume": 32379096, "typical_volume": 76018064.7, "trend": 9.241799, "fair_value": 8.296633, "relative_strength": -1.877916, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -52.5982, "energy": 39.525936, "activity_lines": [ 8.854438, 9.049316, 9.196591, 9.185407 ] }, { "date": "2023-10-20", "close": 8.315098, "volume": 22573134, "typical_volume": 75835623.6, "trend": 9.200721, "fair_value": 8.301576, "relative_strength": 0.737082, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -66.777926, "energy": 55.419827, "activity_lines": [ 8.645093, 8.875722, 9.115723, 9.12562 ] }, { "date": "2023-10-27", "close": 8.52053, "volume": 25462049, "typical_volume": 75642100.2, "trend": 9.165526, "fair_value": 8.307715, "relative_strength": 0.767263, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.325078, "energy": 59.734355, "activity_lines": [ 8.553138, 8.777719, 9.055304, 9.081737 ] }, { "date": "2023-11-03", "close": 8.530312, "volume": 22262561, "typical_volume": 74180485.45, "trend": 9.113925, "fair_value": 8.313198, "relative_strength": -0.339618, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.558044, "energy": 62.964495, "activity_lines": [ 8.512052, 8.701772, 8.997029, 9.040755 ] }, { "date": "2023-11-10", "close": 8.589006, "volume": 22819592, "typical_volume": 69558281.55, "trend": 9.074255, "fair_value": 8.319297, "relative_strength": -1.31589, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.417397, "energy": 61.155829, "activity_lines": [ 8.517921, 8.654282, 8.947091, 9.00689 ] }, { "date": "2023-11-17", "close": 8.725962, "volume": 18290301, "typical_volume": 68448148.3, "trend": 9.039793, "fair_value": 8.327653, "relative_strength": -0.100354, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.091254, "energy": 45.624822, "activity_lines": [ 8.595529, 8.639164, 8.914297, 8.984419 ] }, { "date": "2023-11-24", "close": 9.958552, "volume": 214402781, "typical_volume": 77693823.2, "trend": 9.057359, "fair_value": 8.345831, "relative_strength": 14.932918, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 17.127297, "energy": 16.258619, "activity_lines": [ 9.069652, 8.860782, 8.999265, 9.043694 ] }, { "date": "2023-12-01", "close": 10.594412, "volume": 283540481, "typical_volume": 90045412.6, "trend": 9.104808, "fair_value": 8.367785, "relative_strength": 22.794566, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 67.268186, "energy": 46.953958, "activity_lines": [ 9.646165, 9.181469, 9.138362, 9.142859 ] }, { "date": "2023-12-08", "close": 9.449863, "volume": 291736413, "typical_volume": 102506123.55, "trend": 9.122151, "fair_value": 8.382042, "relative_strength": 10.807397, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 44.980441, "energy": 39.380869, "activity_lines": [ 9.702903, 9.269333, 9.15979, 9.16512 ] }, { "date": "2023-12-15", "close": 10.105289, "volume": 147963659, "typical_volume": 101518180.65, "trend": 9.160629, "fair_value": 8.39936, "relative_strength": 20.426217, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.982862, "energy": 50.309632, "activity_lines": [ 9.916813, 9.467116, 9.240845, 9.228549 ] }, { "date": "2023-12-22", "close": 9.684643, "volume": 103760119, "typical_volume": 96148020.45, "trend": 9.191933, "fair_value": 8.414282, "relative_strength": 17.423171, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.365741, "energy": 56.128583, "activity_lines": [ 9.889422, 9.567965, 9.279462, 9.262356 ] }, { "date": "2023-12-29", "close": 10.46724, "volume": 202773544, "typical_volume": 92329089.85, "trend": 9.257475, "fair_value": 8.434401, "relative_strength": 22.523179, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.476834, "energy": 46.423096, "activity_lines": [ 10.058985, 9.78976, 9.394569, 9.344634 ] }, { "date": "2024-01-05", "close": 10.369416, "volume": 143820076, "typical_volume": 95500637.35, "trend": 9.310627, "fair_value": 8.454793, "relative_strength": 26.626748, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.084665, "energy": 48.053753, "activity_lines": [ 10.162027, 9.954639, 9.500127, 9.416372 ] }, { "date": "2024-01-12", "close": 9.909639, "volume": 269143804, "typical_volume": 104333340.8, "trend": 9.337365, "fair_value": 8.472237, "relative_strength": 22.96098, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.397067, "energy": 34.311264, "activity_lines": [ 10.12681, 10.002306, 9.558402, 9.455018 ] }, { "date": "2024-01-19", "close": 9.303126, "volume": 253249526, "typical_volume": 114549171.85, "trend": 9.332474, "fair_value": 8.486153, "relative_strength": 18.337782, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.900544, "energy": 21.385365, "activity_lines": [ 9.85877, 9.91462, 9.557005, 9.452809 ] }, { "date": "2024-01-26", "close": 9.841163, "volume": 177578216, "typical_volume": 120065116.75, "trend": 9.367039, "fair_value": 8.504058, "relative_strength": 25.020552, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 33.807372, "energy": 16.539436, "activity_lines": [ 9.823554, 9.911774, 9.605405, 9.485628 ] }, { "date": "2024-02-02", "close": 8.344445, "volume": 121216561, "typical_volume": 123453948.25, "trend": 9.358235, "fair_value": 8.514889, "relative_strength": 14.922527, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.124516, "energy": 12.639479, "activity_lines": [ 9.278997, 9.616521, 9.509257, 9.419654 ] }, { "date": "2024-02-09", "close": 7.757496, "volume": 96445810, "typical_volume": 126152919.55, "trend": 9.324322, "fair_value": 8.522318, "relative_strength": -2.348632, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -36.881493, "energy": 29.642902, "activity_lines": [ 8.680309, 9.243898, 9.360564, 9.31638 ] }, { "date": "2024-02-23", "close": 8.36401, "volume": 108493851, "typical_volume": 128913543.15, "trend": 9.307692, "fair_value": 8.533994, "relative_strength": 2.32162, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -46.206006, "energy": 39.908332, "activity_lines": [ 8.457921, 9.03313, 9.276667, 9.254425 ] }, { "date": "2024-03-01", "close": 8.36401, "volume": 121865380, "typical_volume": 133988847.7, "trend": 9.266279, "fair_value": 8.54759, "relative_strength": -1.626414, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.77549, "energy": 47.041653, "activity_lines": [ 8.338575, 8.842106, 9.195519, 9.193542 ] }, { "date": "2024-03-08", "close": 8.383574, "volume": 82226772, "typical_volume": 136481231.5, "trend": 9.209215, "fair_value": 8.562752, "relative_strength": -0.714585, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.881487, "energy": 53.709665, "activity_lines": [ 8.288358, 8.686297, 9.11917, 9.136593 ] }, { "date": "2024-03-15", "close": 8.637918, "volume": 91202760, "typical_volume": 139912712.8, "trend": 9.149868, "fair_value": 8.578224, "relative_strength": -0.245946, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.309737, "energy": 37.272009, "activity_lines": [ 8.420095, 8.600389, 9.067648, 9.099735 ] }, { "date": "2024-03-22", "close": 8.941175, "volume": 88363387, "typical_volume": 143057779.7, "trend": 9.126716, "fair_value": 8.59432, "relative_strength": 3.649951, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.50164, "energy": 21.762795, "activity_lines": [ 8.633353, 8.60288, 9.043472, 9.086271 ] }, { "date": "2024-03-29", "close": 8.32488, "volume": 89647343, "typical_volume": 146427018.8, "trend": 9.08726, "fair_value": 8.606406, "relative_strength": -1.885147, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.183584, "energy": 22.138397, "activity_lines": [ 8.562267, 8.519284, 8.958597, 9.03454 ] }, { "date": "2024-04-05", "close": 8.540093, "volume": 41304357, "typical_volume": 147351257.05, "trend": 9.071934, "fair_value": 8.619271, "relative_strength": -1.017409, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.891116, "energy": 18.716604, "activity_lines": [ 8.565528, 8.503632, 8.895197, 8.999239 ] }, { "date": "2024-04-12", "close": 9.234649, "volume": 185179448, "typical_volume": 155695714.4, "trend": 9.065739, "fair_value": 8.636228, "relative_strength": 10.372442, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.572534, "energy": 12.940593, "activity_lines": [ 8.788568, 8.628136, 8.898179, 9.009737 ] }, { "date": "2024-04-19", "close": 7.737932, "volume": 117012689, "typical_volume": 150826209.8, "trend": 9.022044, "fair_value": 8.642691, "relative_strength": -8.059559, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.945346, "energy": 29.755913, "activity_lines": [ 8.455965, 8.491537, 8.756193, 8.924072 ] }, { "date": "2024-04-26", "close": 8.041189, "volume": 47098798, "typical_volume": 139004125.65, "trend": 8.982262, "fair_value": 8.651818, "relative_strength": -6.363274, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.253198, "energy": 35.349496, "activity_lines": [ 8.284446, 8.421104, 8.653664, 8.860791 ] }, { "date": "2024-05-03", "close": 7.982494, "volume": 25517696, "typical_volume": 125693189.8, "trend": 8.950306, "fair_value": 8.661109, "relative_strength": -8.258735, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.798808, "energy": 45.044816, "activity_lines": [ 8.153361, 8.33484, 8.557702, 8.79629 ] }, { "date": "2024-05-10", "close": 8.148796, "volume": 54216982, "typical_volume": 121005855.95, "trend": 8.922589, "fair_value": 8.670325, "relative_strength": -7.790271, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.162364, "energy": 56.478641, "activity_lines": [ 8.100536, 8.28575, 8.484567, 8.744579 ] }, { "date": "2024-05-17", "close": 8.290428, "volume": 55672127, "typical_volume": 118601456.35, "trend": 8.915245, "fair_value": 8.67949, "relative_strength": -6.086559, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.435881, "energy": 51.010332, "activity_lines": [ 8.121008, 8.266324, 8.434237, 8.703795 ] }, { "date": "2024-05-24", "close": 8.101784, "volume": 56301208, "typical_volume": 111277839.55, "trend": 8.908134, "fair_value": 8.688765, "relative_strength": -5.542317, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.021781, "energy": 42.380739, "activity_lines": [ 8.141546, 8.214293, 8.37258, 8.651313 ] }, { "date": "2024-05-31", "close": 7.972711, "volume": 27753398, "typical_volume": 105474505.65, "trend": 8.889874, "fair_value": 8.696373, "relative_strength": -6.573755, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.648442, "energy": 40.122197, "activity_lines": [ 8.094804, 8.148542, 8.309894, 8.590963 ] }, { "date": "2024-06-07", "close": 7.396849, "volume": 33993028, "typical_volume": 93716966.85, "trend": 8.852091, "fair_value": 8.70029, "relative_strength": -12.3408, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.95362, "energy": 53.842682, "activity_lines": [ 7.860673, 7.995697, 8.203777, 8.494639 ] }, { "date": "2024-06-14", "close": 7.367063, "volume": 16173899, "typical_volume": 81863185.5, "trend": 8.81136, "fair_value": 8.702981, "relative_strength": -12.658461, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.754428, "energy": 64.657856, "activity_lines": [ 7.655656, 7.85431, 8.106789, 8.398831 ] }, { "date": "2024-06-21", "close": 6.959988, "volume": 18335400, "typical_volume": 73901044.7, "trend": 8.752494, "fair_value": 8.703796, "relative_strength": -15.643489, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.695795, "energy": 78.329232, "activity_lines": [ 7.367063, 7.660237, 7.980252, 8.279388 ] }, { "date": "2024-06-28", "close": 6.910345, "volume": 19501711, "typical_volume": 68815302.2, "trend": 8.650887, "fair_value": 8.703621, "relative_strength": -14.099828, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.347177, "energy": 84.211962, "activity_lines": [ 7.150618, 7.498495, 7.862706, 8.160539 ] }, { "date": "2024-07-05", "close": 7.575565, "volume": 67744183, "typical_volume": 67380220.85, "trend": 8.550259, "fair_value": 8.708015, "relative_strength": -4.324054, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.750651, "energy": 67.994337, "activity_lines": [ 7.235343, 7.47275, 7.815344, 8.091164 ] }, { "date": "2024-07-12", "close": 7.416706, "volume": 54171917, "typical_volume": 64664124.15, "trend": 8.482487, "fair_value": 8.711147, "relative_strength": -8.118014, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.513957, "energy": 55.749051, "activity_lines": [ 7.293591, 7.426587, 7.753718, 8.018031 ] }, { "date": "2024-07-19", "close": 7.496136, "volume": 80542930, "typical_volume": 62598001.65, "trend": 8.395515, "fair_value": 8.715459, "relative_strength": -7.716888, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.322505, "energy": 42.623094, "activity_lines": [ 7.376992, 7.405153, 7.704169, 7.954396 ] }, { "date": "2024-07-26", "close": 7.486207, "volume": 54482348, "typical_volume": 61210780.45, "trend": 8.322234, "fair_value": 8.71989, "relative_strength": -4.700592, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.953507, "energy": 27.902008, "activity_lines": [ 7.448478, 7.39378, 7.657806, 7.895731 ] }, { "date": "2024-08-02", "close": 8.270571, "volume": 161967813, "typical_volume": 64749033.1, "trend": 8.249012, "fair_value": 8.729654, "relative_strength": 5.64723, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.263941, "energy": 14.124456, "activity_lines": [ 7.746338, 7.539641, 7.690418, 7.892397 ] }, { "date": "2024-08-09", "close": 7.545779, "volume": 131912079, "typical_volume": 66926467.7, "trend": 8.154891, "fair_value": 8.735017, "relative_strength": -1.753885, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.013583, "energy": 17.620382, "activity_lines": [ 7.711919, 7.550653, 7.655752, 7.847028 ] }, { "date": "2024-08-16", "close": 7.178419, "volume": 38183138, "typical_volume": 64353257.45, "trend": 8.06385, "fair_value": 8.738573, "relative_strength": -5.913127, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.836876, "energy": 19.756568, "activity_lines": [ 7.557032, 7.502635, 7.592743, 7.784029 ] }, { "date": "2024-08-23", "close": 6.890488, "volume": 23752300, "typical_volume": 63475654.6, "trend": 7.983429, "fair_value": 8.74004, "relative_strength": -7.737419, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.307951, "energy": 33.17062, "activity_lines": [ 7.322053, 7.406236, 7.507772, 7.708329 ] }, { "date": "2024-08-30", "close": 7.069203, "volume": 30199008, "typical_volume": 55726632.6, "trend": 7.89103, "fair_value": 8.744055, "relative_strength": -7.110799, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.133861, "energy": 45.052887, "activity_lines": [ 7.187024, 7.350997, 7.447676, 7.649346 ] }, { "date": "2024-09-06", "close": 7.31742, "volume": 45997954, "typical_volume": 52175895.85, "trend": 7.856796, "fair_value": 8.749113, "relative_strength": -1.29878, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.274143, "energy": 47.485701, "activity_lines": [ 7.162533, 7.338902, 7.421532, 7.612339 ] }, { "date": "2024-09-13", "close": 7.039417, "volume": 74136805, "typical_volume": 53527796.2, "trend": 7.83286, "fair_value": 8.752388, "relative_strength": -3.259815, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.600474, "energy": 46.446362, "activity_lines": [ 7.108918, 7.26886, 7.370914, 7.559605 ] }, { "date": "2024-09-20", "close": 7.247919, "volume": 32152168, "typical_volume": 53859519.8, "trend": 7.795657, "fair_value": 8.757549, "relative_strength": -1.560523, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.579436, "energy": 29.653492, "activity_lines": [ 7.158561, 7.246475, 7.344924, 7.521867 ] }, { "date": "2024-09-27", "close": 8.439358, "volume": 139497101, "typical_volume": 58123525.75, "trend": 7.798169, "fair_value": 8.769555, "relative_strength": -2.674456, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 2.878118, "energy": 6.846545, "activity_lines": [ 7.600717, 7.443784, 7.435902, 7.563396 ] }, { "date": "2024-10-04", "close": 9.223722, "volume": 54434768, "typical_volume": 58061657.8, "trend": 7.826173, "fair_value": 8.786161, "relative_strength": -3.876397, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 38.117547, "energy": 37.618394, "activity_lines": [ 8.20107, 7.766556, 7.600197, 7.655367 ] }, { "date": "2024-10-11", "close": 9.372651, "volume": 204199793, "typical_volume": 65456587.05, "trend": 7.850665, "fair_value": 8.802441, "relative_strength": 2.135826, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 47.529913, "energy": 59.776148, "activity_lines": [ 8.707431, 8.084815, 7.774233, 7.75514 ] }, { "date": "2024-10-18", "close": 8.618073, "volume": 140974006, "typical_volume": 71117617.45, "trend": 7.839894, "fair_value": 8.815043, "relative_strength": -8.753822, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.220785, "energy": 59.045589, "activity_lines": [ 8.825251, 8.245839, 7.870351, 7.80465 ] }, { "date": "2024-10-25", "close": 8.836504, "volume": 105423393, "typical_volume": 74689135.7, "trend": 7.856949, "fair_value": 8.82874, "relative_strength": -8.679989, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 60.426795, "energy": 70.246633, "activity_lines": [ 8.910638, 8.427082, 7.9842, 7.868948 ] }, { "date": "2024-11-01", "close": 9.283294, "volume": 177245237, "typical_volume": 82742702.6, "trend": 7.881722, "fair_value": 8.845912, "relative_strength": -2.587231, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.065948, "energy": 67.348383, "activity_lines": [ 9.039049, 8.659413, 8.133744, 7.96097 ] }, { "date": "2024-11-08", "close": 10.762664, "volume": 282605302, "typical_volume": 95956197.7, "trend": 7.932656, "fair_value": 8.872017, "relative_strength": 5.571273, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.07101, "energy": 72.948649, "activity_lines": [ 9.60432, 9.117214, 8.415056, 8.146837 ] }, { "date": "2024-11-15", "close": 9.332936, "volume": 224277307, "typical_volume": 106194977.5, "trend": 7.985823, "fair_value": 8.889202, "relative_strength": -4.952859, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.58881, "energy": 52.101815, "activity_lines": [ 9.59042, 9.247911, 8.542096, 8.237178 ] }, { "date": "2024-11-22", "close": 9.094649, "volume": 110729970, "typical_volume": 108344266.85, "trend": 8.020938, "fair_value": 8.905286, "relative_strength": -4.620523, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.728872, "energy": 43.866081, "activity_lines": [ 9.499738, 9.298638, 8.634905, 8.308715 ] }, { "date": "2024-11-29", "close": 10.027944, "volume": 151325183, "typical_volume": 113201930.15, "trend": 8.08912, "fair_value": 8.927047, "relative_strength": 3.599197, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.661773, "energy": 46.424231, "activity_lines": [ 9.688383, 9.481686, 8.809366, 8.438199 ] }, { "date": "2024-12-06", "close": 10.027944, "volume": 178174545, "typical_volume": 118083510.9, "trend": 8.151758, "fair_value": 8.949724, "relative_strength": 2.220995, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.552098, "energy": 40.670167, "activity_lines": [ 9.797599, 9.614189, 8.971392, 8.563285 ] }, { "date": "2024-12-13", "close": 10.593876, "volume": 254637377, "typical_volume": 128091262.35, "trend": 8.22854, "fair_value": 8.975662, "relative_strength": 8.7794, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.748057, "energy": 44.71322, "activity_lines": [ 10.045815, 9.820705, 9.175261, 8.720841 ] }, { "date": "2024-12-20", "close": 9.491796, "volume": 168631690, "typical_volume": 128424456.2, "trend": 8.274873, "fair_value": 8.993682, "relative_strength": -1.542908, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.44837, "energy": 37.178062, "activity_lines": [ 9.937924, 9.801931, 9.25937, 8.802341 ] }, { "date": "2024-12-27", "close": 9.432223, "volume": 94532341, "typical_volume": 126555469.3, "trend": 8.323524, "fair_value": 9.011869, "relative_strength": -1.938972, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.953727, "energy": 32.14148, "activity_lines": [ 9.799584, 9.770159, 9.331991, 8.877009 ] }, { "date": "2025-01-03", "close": 9.154222, "volume": 91605774, "typical_volume": 129226601.1, "trend": 8.382103, "fair_value": 9.027603, "relative_strength": 2.888091, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.478611, "energy": 21.693692, "activity_lines": [ 9.546072, 9.673039, 9.369153, 8.930602 ] }, { "date": "2025-01-10", "close": 8.022354, "volume": 85774644, "typical_volume": 132327718.3, "trend": 8.403946, "fair_value": 9.035898, "relative_strength": -8.27721, "stage": 4, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 10.324628, "energy": 14.102473, "activity_lines": [ 8.97352, 9.364348, 9.289109, 8.907393 ] }, { "date": "2025-01-17", "close": 8.57836, "volume": 60291050, "typical_volume": 133832320.4, "trend": 8.457892, "fair_value": 9.047514, "relative_strength": -4.919969, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.160323, "energy": 16.234865, "activity_lines": [ 8.720008, 9.179675, 9.256628, 8.918645 ] }, { "date": "2025-01-24", "close": 8.290428, "volume": 41717122, "typical_volume": 133618278.8, "trend": 8.503894, "fair_value": 9.05649, "relative_strength": -8.784126, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -0.280772, "energy": 17.131557, "activity_lines": [ 8.504887, 8.982365, 9.189539, 8.907841 ] }, { "date": "2025-01-31", "close": 8.121641, "volume": 6518101, "typical_volume": 130237343.6, "trend": 8.522097, "fair_value": 9.064446, "relative_strength": -8.796374, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.185678, "energy": 31.637418, "activity_lines": [ 8.313595, 8.773322, 9.101741, 8.88318 ] }, { "date": "2025-02-07", "close": 8.359929, "volume": 34589692, "typical_volume": 130359219.8, "trend": 8.553538, "fair_value": 9.073746, "relative_strength": -9.36025, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.886091, "energy": 38.207771, "activity_lines": [ 8.289104, 8.625295, 9.031484, 8.872717 ] }, { "date": "2025-02-14", "close": 8.518787, "volume": 67168591, "typical_volume": 126742794.3, "trend": 8.587626, "fair_value": 9.083699, "relative_strength": -8.953649, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.368177, "energy": 31.477294, "activity_lines": [ 8.370519, 8.536478, 8.971061, 8.870475 ] }, { "date": "2025-02-21", "close": 8.359929, "volume": 60060396, "typical_volume": 127024075.7, "trend": 8.61675, "fair_value": 9.092694, "relative_strength": -12.304797, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.881318, "energy": 22.105409, "activity_lines": [ 8.365886, 8.446218, 8.895131, 8.855785 ] }, { "date": "2025-02-28", "close": 8.210999, "volume": 66070126, "typical_volume": 120117592.35, "trend": 8.614764, "fair_value": 9.102381, "relative_strength": -10.557974, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -29.732387, "energy": 22.448754, "activity_lines": [ 8.326171, 8.369496, 8.80913, 8.829608 ] }, { "date": "2025-03-07", "close": 8.111712, "volume": 43505951, "typical_volume": 115244189.6, "trend": 8.633629, "fair_value": 9.11009, "relative_strength": -13.25096, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -31.40503, "energy": 24.029474, "activity_lines": [ 8.258656, 8.29801, 8.719204, 8.797153 ] }, { "date": "2025-03-14", "close": 8.409572, "volume": 46317955, "typical_volume": 112288917.7, "trend": 8.674667, "fair_value": 9.119404, "relative_strength": -10.90454, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -26.045711, "energy": 26.206017, "activity_lines": [ 8.29109, 8.304689, 8.660058, 8.782697 ] }, { "date": "2025-03-21", "close": 8.220927, "volume": 41812002, "typical_volume": 105517255.95, "trend": 8.719015, "fair_value": 9.128423, "relative_strength": -10.201259, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.87114, "energy": 36.701196, "activity_lines": [ 8.257332, 8.290609, 8.584978, 8.753424 ] }, { "date": "2025-03-28", "close": 7.923068, "volume": 35416770, "typical_volume": 93157829.35, "trend": 8.747477, "fair_value": 9.134312, "relative_strength": -12.528131, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.53866, "energy": 56.91671, "activity_lines": [ 8.144146, 8.218761, 8.48659, 8.702072 ] }, { "date": "2025-04-04", "close": 8.111712, "volume": 24620883, "typical_volume": 83175008.15, "trend": 8.773954, "fair_value": 9.142021, "relative_strength": -8.126052, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.691917, "energy": 54.371346, "activity_lines": [ 8.122965, 8.193127, 8.41969, 8.661055 ] }, { "date": "2025-04-11", "close": 8.270571, "volume": 100593700, "typical_volume": 82668194.65, "trend": 8.814992, "fair_value": 9.151786, "relative_strength": -0.908936, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.69694, "energy": 46.775817, "activity_lines": [ 8.161356, 8.199626, 8.373734, 8.628579 ] }, { "date": "2025-04-18", "close": 8.538645, "volume": 107465093, "typical_volume": 80475190.15, "trend": 8.858016, "fair_value": 9.161987, "relative_strength": 2.764092, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.564814, "energy": 27.528363, "activity_lines": [ 8.278514, 8.252158, 8.357234, 8.61075 ] }, { "date": "2025-04-25", "close": 8.489001, "volume": 206196503, "typical_volume": 81876288.05, "trend": 8.859671, "fair_value": 9.170346, "relative_strength": 0.757176, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.327563, "energy": 18.151466, "activity_lines": [ 8.370519, 8.292414, 8.343097, 8.586943 ] }, { "date": "2025-05-02", "close": 8.091854, "volume": 52564200, "typical_volume": 71772629.2, "trend": 8.821942, "fair_value": 9.174389, "relative_strength": -3.756142, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.895432, "energy": 19.817849, "activity_lines": [ 8.312271, 8.261003, 8.298466, 8.537406 ] }, { "date": "2025-05-09", "close": 8.22, "volume": 47225502, "typical_volume": 65702319.8, "trend": 8.78352, "fair_value": 9.176753, "relative_strength": -4.368007, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.022215, "energy": 17.681624, "activity_lines": [ 8.285485, 8.257766, 8.277953, 8.498571 ] }, { "date": "2025-05-16", "close": 8.18, "volume": 44485968, "typical_volume": 63200001.15, "trend": 8.768918, "fair_value": 9.177762, "relative_strength": -5.218712, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.962076, "energy": 25.378007, "activity_lines": [ 8.238147, 8.247092, 8.259686, 8.459634 ] }, { "date": "2025-05-23", "close": 7.99, "volume": 57984601, "typical_volume": 61518942.5, "trend": 8.740701, "fair_value": 9.15974, "relative_strength": -6.83885, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.380285, "energy": 33.631892, "activity_lines": [ 8.133514, 8.200631, 8.229288, 8.409382 ] }, { "date": "2025-05-30", "close": 8.18, "volume": 39694481, "typical_volume": 59214934.35, "trend": 8.703925, "fair_value": 9.128356, "relative_strength": -3.671365, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.2641, "energy": 28.409195, "activity_lines": [ 8.12879, 8.196344, 8.222528, 8.373207 ] }, { "date": "2025-06-06", "close": 8.24, "volume": 31716364, "typical_volume": 57786200.05, "trend": 8.619836, "fair_value": 9.095527, "relative_strength": -4.349719, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.437357, "energy": 25.327025, "activity_lines": [ 8.164667, 8.20371, 8.220732, 8.343277 ] }, { "date": "2025-06-13", "close": 8.15, "volume": 35980907, "typical_volume": 57499389.3, "trend": 8.580405, "fair_value": 9.051383, "relative_strength": -4.8381, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.320574, "energy": 24.157808, "activity_lines": [ 8.160667, 8.188951, 8.211976, 8.312965 ] }, { "date": "2025-06-20", "close": 8.11, "volume": 112954404, "typical_volume": 62821204.45, "trend": 8.547583, "fair_value": 9.012413, "relative_strength": -4.29011, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.005542, "energy": 21.11045, "activity_lines": [ 8.148, 8.166222, 8.200079, 8.282616 ] }, { "date": "2025-06-27", "close": 8.4, "volume": 54529598, "typical_volume": 63818199.75, "trend": 8.493318, "fair_value": 8.981768, "relative_strength": -4.497037, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.031523, "energy": 9.987199, "activity_lines": [ 8.236667, 8.19914, 8.215857, 8.273094 ] }, { "date": "2025-07-04", "close": 8.43, "volume": 39827075, "typical_volume": 62451123.95, "trend": 8.440054, "fair_value": 8.960954, "relative_strength": -5.195055, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.139621, "energy": 6.724346, "activity_lines": [ 8.308, 8.240034, 8.234301, 8.269009 ] }, { "date": "2025-07-11", "close": 8.67, "volume": 42759639, "typical_volume": 61586086.1, "trend": 8.375924, "fair_value": 8.947474, "relative_strength": -4.14474, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.038798, "energy": 17.949228, "activity_lines": [ 8.442667, 8.325636, 8.276025, 8.283845 ] }, { "date": "2025-07-18", "close": 8.82, "volume": 60280729, "typical_volume": 61296616.25, "trend": 8.353531, "fair_value": 8.93764, "relative_strength": -4.358288, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 35.210788, "energy": 43.070292, "activity_lines": [ 8.598667, 8.428, 8.330558, 8.312495 ] }, { "date": "2025-07-25", "close": 8.83, "volume": 42564500, "typical_volume": 61249543.7, "trend": 8.333457, "fair_value": 8.926234, "relative_strength": -6.259131, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 65.13135, "energy": 65.436377, "activity_lines": [ 8.713333, 8.521273, 8.383143, 8.343235 ] }, { "date": "2025-08-01", "close": 8.65, "volume": 35508638, "typical_volume": 60709077.85, "trend": 8.31665, "fair_value": 8.919429, "relative_strength": -6.308384, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.140145, "energy": 64.045198, "activity_lines": [ 8.72, 8.57, 8.415165, 8.363657 ] }, { "date": "2025-08-08", "close": 8.64, "volume": 28681895, "typical_volume": 60052572.5, "trend": 8.337238, "fair_value": 8.914293, "relative_strength": -7.311518, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.46107, "energy": 57.373372, "activity_lines": [ 8.706667, 8.604909, 8.44509, 8.384518 ] }, { "date": "2025-08-15", "close": 8.54, "volume": 56093071, "typical_volume": 61086387.55, "trend": 8.335959, "fair_value": 8.907959, "relative_strength": -12.11512, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.693895, "energy": 31.831717, "activity_lines": [ 8.646, 8.613273, 8.463496, 8.397599 ] }, { "date": "2025-08-22", "close": 8.8, "volume": 49885329, "typical_volume": 62349609.85, "trend": 8.352945, "fair_value": 8.90422, "relative_strength": -13.157351, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.279585, "energy": 31.974446, "activity_lines": [ 8.680667, 8.663455, 8.503725, 8.427538 ] }, { "date": "2025-08-29", "close": 9.3, "volume": 135994067, "typical_volume": 64119628.2, "trend": 8.392224, "fair_value": 8.90678, "relative_strength": -11.822365, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.439983, "energy": 44.907658, "activity_lines": [ 8.883333, 8.792727, 8.588296, 8.488638 ] }, { "date": "2025-09-05", "close": 9.91, "volume": 250407806, "typical_volume": 71266763.85, "trend": 8.443893, "fair_value": 8.912941, "relative_strength": -5.002447, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.499936, "energy": 74.096838, "activity_lines": [ 9.258, 9.011273, 8.726061, 8.586559 ] }, { "date": "2025-09-12", "close": 9.51, "volume": 170203525, "typical_volume": 69467114.95, "trend": 8.476933, "fair_value": 8.916785, "relative_strength": -10.887987, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.814754, "energy": 73.833387, "activity_lines": [ 9.415333, 9.129636, 8.819199, 8.65534 ] }, { "date": "2025-09-19", "close": 9.19, "volume": 92168503, "typical_volume": 71447330.1, "trend": 8.504602, "fair_value": 8.919074, "relative_strength": -14.465803, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.495431, "energy": 71.190243, "activity_lines": [ 9.408, 9.170182, 8.877, 8.701344 ] }, { "date": "2025-09-26", "close": 8.67, "volume": 55861086, "typical_volume": 71879109.3, "trend": 8.519902, "fair_value": 8.918028, "relative_strength": -19.716393, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.419732, "energy": 40.770471, "activity_lines": [ 9.184, 9.106727, 8.880048, 8.712015 ] }, { "date": "2025-10-03", "close": 8.67, "volume": 16032250, "typical_volume": 70456423.4, "trend": 8.538512, "fair_value": 8.916364, "relative_strength": -21.165122, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 32.645611, "energy": 17.208577, "activity_lines": [ 8.968667, 9.046, 8.880952, 8.721699 ] }, { "date": "2025-10-10", "close": 8.57, "volume": 19533198, "typical_volume": 68533853.25, "trend": 8.543859, "fair_value": 8.904282, "relative_strength": -20.531189, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 16.544626, "energy": 19.359267, "activity_lines": [ 8.762, 8.97, 8.87, 8.723731 ] }, { "date": "2025-10-17", "close": 8.55, "volume": 46694390, "typical_volume": 68883848.7, "trend": 8.554828, "fair_value": 8.898012, "relative_strength": -16.236675, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 11.722213, "energy": 21.749676, "activity_lines": [ 8.638, 8.891818, 8.854381, 8.724127 ] }, { "date": "2025-10-24", "close": 8.84, "volume": 43650540, "typical_volume": 69480557.5, "trend": 8.585393, "fair_value": 8.898242, "relative_strength": -16.976083, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 15.978147, "energy": 18.341329, "activity_lines": [ 8.674667, 8.868, 8.864619, 8.742525 ] }, { "date": "2025-10-31", "close": 8.65, "volume": 39003798, "typical_volume": 69631702.05, "trend": 8.603336, "fair_value": 8.902329, "relative_strength": -18.831045, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.794003, "energy": 11.970537, "activity_lines": [ 8.671333, 8.804182, 8.853905, 8.746693 ] }, { "date": "2025-11-07", "close": 8.75, "volume": 32729331, "typical_volume": 65620448.4, "trend": 8.619317, "fair_value": 8.909593, "relative_strength": -17.430156, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.674577, "energy": 8.883431, "activity_lines": [ 8.702667, 8.761273, 8.850333, 8.756155 ] }, { "date": "2025-11-14", "close": 9.08, "volume": 62526129, "typical_volume": 66020274.95, "trend": 8.637362, "fair_value": 8.922872, "relative_strength": -12.712266, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.741296, "energy": 15.714782, "activity_lines": [ 8.838667, 8.788364, 8.875143, 8.785877 ] }, { "date": "2025-11-21", "close": 8.45, "volume": 56005671, "typical_volume": 66829204.75, "trend": 8.636062, "fair_value": 8.925615, "relative_strength": -13.961482, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.64514, "energy": 6.756244, "activity_lines": [ 8.730667, 8.716, 8.836714, 8.773789 ] }, { "date": "2025-11-28", "close": 8.97, "volume": 41230481, "typical_volume": 66752746.85, "trend": 8.665333, "fair_value": 8.930701, "relative_strength": -11.250405, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.878023, "energy": 14.396583, "activity_lines": [ 8.802667, 8.757455, 8.847714, 8.795333 ] }, { "date": "2025-12-05", "close": 8.76, "volume": 38011596, "typical_volume": 65639290.2, "trend": 8.683333, "fair_value": 8.93475, "relative_strength": -13.846904, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.952771, "energy": 12.028986, "activity_lines": [ 8.796, 8.764727, 8.837286, 8.801441 ] }, { "date": "2025-12-12", "close": 8.56, "volume": 67303068, "typical_volume": 66876218.6, "trend": 8.696, "fair_value": 8.938878, "relative_strength": -15.797783, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.624964, "energy": 8.075879, "activity_lines": [ 8.715333, 8.734, 8.808095, 8.793484 ] }, { "date": "2025-12-19", "close": 9.53, "volume": 147008283, "typical_volume": 72451200.85, "trend": 8.747333, "fair_value": 8.927937, "relative_strength": -5.017388, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 62.760108, "energy": 32.584956, "activity_lines": [ 8.970667, 8.881636, 8.872571, 8.84729 ] }, { "date": "2025-12-26", "close": 9.24, "volume": 96839197, "typical_volume": 75859065.95, "trend": 8.782667, "fair_value": 8.910991, "relative_strength": -10.583607, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 51.753455, "energy": 41.579503, "activity_lines": [ 9.099333, 8.959091, 8.905238, 8.879075 ] }, { "date": "2026-01-02", "close": 8.78, "volume": 39880941, "typical_volume": 75048459.45, "trend": 8.800667, "fair_value": 8.897223, "relative_strength": -13.938763, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.263548, "energy": 28.119301, "activity_lines": [ 9.022, 8.940364, 8.891238, 8.878903 ] }, { "date": "2026-01-09", "close": 9.38, "volume": 106162633, "typical_volume": 77862324.65, "trend": 8.841667, "fair_value": 8.88303, "relative_strength": -11.584145, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 55.811569, "energy": 44.168404, "activity_lines": [ 9.157333, 9.031818, 8.933238, 8.91628 ] }, { "date": "2026-01-16", "close": 9.15, "volume": 119275174, "typical_volume": 77026380.0, "trend": 8.876333, "fair_value": 8.854987, "relative_strength": -14.277507, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.301614, "energy": 31.43153, "activity_lines": [ 9.174667, 9.068182, 8.950571, 8.936172 ] }, { "date": "2026-01-23", "close": 9.26, "volume": 77383858, "typical_volume": 68375182.6, "trend": 8.905, "fair_value": 8.832786, "relative_strength": -13.835737, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.841863, "energy": 25.269268, "activity_lines": [ 9.189333, 9.117273, 8.979095, 8.960925 ] }, { "date": "2026-01-30", "close": 8.91, "volume": 56688052, "typical_volume": 62699408.95, "trend": 8.921, "fair_value": 8.820593, "relative_strength": -15.350921, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.319207, "energy": 21.150348, "activity_lines": [ 9.105333, 9.099455, 8.977381, 8.961247 ] }, { "date": "2026-02-06", "close": 8.92, "volume": 43952708, "typical_volume": 60288619.2, "trend": 8.929333, "fair_value": 8.810135, "relative_strength": -13.09674, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.757668, "energy": 11.183467, "activity_lines": [ 9.046667, 9.075091, 8.979476, 8.961183 ] }, { "date": "2026-02-13", "close": 8.66, "volume": 34011234, "typical_volume": 59196126.6, "trend": 8.924, "fair_value": 8.794855, "relative_strength": -16.398987, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.788936, "energy": 6.395201, "activity_lines": [ 8.892, 9.004364, 8.958095, 8.943806 ] }, { "date": "2026-02-27", "close": 8.73, "volume": 20321789, "typical_volume": 59410603.55, "trend": 8.920667, "fair_value": 8.782684, "relative_strength": -17.678076, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.613418, "energy": 10.912639, "activity_lines": [ 8.808667, 8.948182, 8.943429, 8.93129 ] }, { "date": "2026-03-06", "close": 8.55, "volume": 26161796, "typical_volume": 59742033.45, "trend": 8.917333, "fair_value": 8.770412, "relative_strength": -17.169762, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -46.787868, "energy": 35.417081, "activity_lines": [ 8.693333, 8.856182, 8.911333, 8.907376 ] }, { "date": "2026-03-13", "close": 8.48, "volume": 16424266, "typical_volume": 58228527.25, "trend": 8.912, "fair_value": 8.757505, "relative_strength": -18.136639, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -60.412193, "energy": 48.761117, "activity_lines": [ 8.602, 8.769273, 8.872667, 8.879161 ] }, { "date": "2026-03-20", "close": 8.09, "volume": 18334463, "typical_volume": 56962723.4, "trend": 8.897, "fair_value": 8.739313, "relative_strength": -19.1753, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.332718, "energy": 63.074654, "activity_lines": [ 8.409333, 8.625273, 8.79719, 8.826129 ] }, { "date": "2026-03-27", "close": 8.09, "volume": 24158958, "typical_volume": 56220481.4, "trend": 8.873333, "fair_value": 8.726444, "relative_strength": -18.158419, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.175228, "energy": 69.47855, "activity_lines": [ 8.272, 8.493818, 8.725286, 8.774065 ] }, { "date": "2026-04-03", "close": 7.93, "volume": 16770348, "typical_volume": 55422532.25, "trend": 8.827667, "fair_value": 8.716076, "relative_strength": -16.988858, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.298532, "energy": 73.597764, "activity_lines": [ 8.119333, 8.356727, 8.64081, 8.713204 ] }, { "date": "2026-04-10", "close": 8.13, "volume": 14185887, "typical_volume": 53005520.15, "trend": 8.768333, "fair_value": 8.706804, "relative_strength": -20.124073, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.452785, "energy": 70.501193, "activity_lines": [ 8.086667, 8.278182, 8.579286, 8.668194 ] }, { "date": "2026-04-17", "close": 8.18, "volume": 19821741, "typical_volume": 51196323.65, "trend": 8.724, "fair_value": 8.694635, "relative_strength": -22.128817, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.365702, "energy": 64.858079, "activity_lines": [ 8.098667, 8.229273, 8.527048, 8.630237 ] }, { "date": "2026-04-24", "close": 8.08, "volume": 17867365, "typical_volume": 50028167.85, "trend": 8.687, "fair_value": 8.683743, "relative_strength": -22.663422, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.884087, "energy": 63.815757, "activity_lines": [ 8.097333, 8.175455, 8.466571, 8.588688 ] }, { "date": "2026-05-01", "close": 8.14, "volume": 18916204, "typical_volume": 49073398.25, "trend": 8.669333, "fair_value": 8.67336, "relative_strength": -22.273669, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.14068, "energy": 48.122137, "activity_lines": [ 8.116667, 8.147818, 8.416048, 8.553398 ] }, { "date": "2026-05-08", "close": 8.1, "volume": 14536350, "typical_volume": 46435062.35, "trend": 8.650333, "fair_value": 8.664824, "relative_strength": -24.299368, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.71798, "energy": 42.415423, "activity_lines": [ 8.119333, 8.122364, 8.364667, 8.516667 ] }, { "date": "2026-05-15", "close": 7.65, "volume": 25817483, "typical_volume": 40375522.35, "trend": 8.619667, "fair_value": 8.655075, "relative_strength": -27.847745, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.91457, "energy": 65.261451, "activity_lines": [ 7.960667, 8.026545, 8.272619, 8.452129 ] }, { "date": "2026-05-22", "close": 7.37, "volume": 19998696, "typical_volume": 36533497.3, "trend": 8.580333, "fair_value": 8.645077, "relative_strength": -29.994615, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.53649, "energy": 82.774804, "activity_lines": [ 7.740667, 7.896182, 8.162857, 8.371505 ] }, { "date": "2026-05-29", "close": 7.32, "volume": 27705131, "typical_volume": 35924706.8, "trend": 8.529667, "fair_value": 8.634622, "relative_strength": -29.732787, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.979519, "energy": 88.645895, "activity_lines": [ 7.558, 7.776909, 8.057238, 8.290194 ] }, { "date": "2026-06-05", "close": 7.17, "volume": 3918500, "typical_volume": 30812500.15, "trend": 8.480333, "fair_value": 8.624523, "relative_strength": -29.297863, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.705762, "energy": 92.103081, "activity_lines": [ 7.376, 7.644364, 7.944286, 8.202473 ] }, { "date": "2026-06-12", "close": 6.97, "volume": 4368075, "typical_volume": 25067145.2, "trend": 8.421, "fair_value": 8.614709, "relative_strength": -28.94803, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.70043, "energy": 92.917851, "activity_lines": [ 7.192, 7.492182, 7.82281, 8.105032 ] }, { "date": "2026-06-19", "close": 6.68, "volume": 15779530, "typical_volume": 21986928.8, "trend": 8.341, "fair_value": 8.60128, "relative_strength": -35.705293, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.197291, "energy": 94.548239, "activity_lines": [ 6.986667, 7.304727, 7.684095, 7.99271 ] }, { "date": "2026-06-26", "close": 6.29, "volume": 4045500, "typical_volume": 19354801.2, "trend": 8.269, "fair_value": 8.58322, "relative_strength": -37.744706, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.941628, "energy": 96.858364, "activity_lines": [ 6.716, 7.072727, 7.520524, 7.860387 ] }, { "date": "2026-07-03", "close": 6.43, "volume": 3451810, "typical_volume": 17329756.3, "trend": 8.184333, "fair_value": 8.563861, "relative_strength": -34.827957, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.613938, "energy": 92.256889, "activity_lines": [ 6.564, 6.900545, 7.382762, 7.741742 ] }, { "date": "2026-07-10", "close": 6.42, "volume": 21748297, "typical_volume": 16716609.45, "trend": 8.106333, "fair_value": 8.548578, "relative_strength": -31.768194, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.332328, "energy": 89.427942, "activity_lines": [ 6.468, 6.756545, 7.255905, 7.627914 ] }, { "date": "2026-07-17", "close": 6.49, "volume": 24016399, "typical_volume": 16901339.95, "trend": 8.037333, "fair_value": 8.534997, "relative_strength": -23.488983, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.084815, "energy": 73.308171, "activity_lines": [ 6.445333, 6.656545, 7.146381, 7.523634 ] }, { "date": "2026-07-24", "close": 6.18, "volume": 21913625, "typical_volume": 16688931.4, "trend": 7.925667, "fair_value": 8.518364, "relative_strength": -26.683135, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.610216, "energy": 70.466466, "activity_lines": [ 6.351333, 6.529455, 7.018, 7.403806 ] }, { "date": "2026-07-31", "close": 6.65, "volume": 21788434, "typical_volume": 16957139.8, "trend": 7.839333, "fair_value": 8.504178, "relative_strength": -19.205926, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.5755, "energy": 62.521027, "activity_lines": [ 6.447333, 6.514545, 6.945667, 7.321505 ] }, { "date": "2026-08-07", "close": 6.6, "volume": 17817150, "typical_volume": 16931274.15, "trend": 7.766667, "fair_value": 8.484907, "relative_strength": -23.120686, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.005283, "energy": 54.023831, "activity_lines": [ 6.502667, 6.503636, 6.877286, 7.241548 ] } ], "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." } } }