{ "ticker": { "uuid": "620815d1-b710-4818-8b8e-43aeb753e433", "symbol": "2948", "name": "Bausen Inc.", "exchange": "TWO", "country": "TW", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-14", "benchmark": "^TWII", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 90.253, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Neutral compression", "architecture_gate": "mixed", "architecture_direction": 23.147, "architecture_energy": 20.143, "architecture_maturity": 69.614, "architecture_confidence": 52.729, "architecture_tenure": "Extended", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 42.02, "rotation_up": 53.57, "upward_expansion": 42.27, "deceleration": 27.67, "rotation_down": 23.36, "downward_expansion": 19.6 }, "activity_lines": [ 36.050037, 35.375149, 35.127327, 35.277994 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 37.950001, "trend_reference": 35.461519, "distance_from_trend": 0.070174, "trend_direction": "Weakening", "fair_value": 44.745461, "distance_from_fair_value": -0.151869, "fair_value_direction": "Improving", "relative_strength": -24.714589, "relative_strength_direction": "Improving", "price_momentum": 0.079782, "excess_performance": -0.36159, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.070174, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.001594, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.151869, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.072273, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.247146, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.065789, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.079782, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.643445, "read": "Supply-led" } ], "volume": { "latest": 22092, "relative_activity": 0.908734, "balance": 0.643445, "dry_up": 1.005656, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.081032, "annualized_volatility": 0.220379, "from_high_reference": -0.062392, "from_low_reference": 0.221942 }, "levels": { "trend_reference": 35.461519, "fair_value_reference": 44.745461, "structural_low": 31.057117, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 13, "median_return": 0.0, "positive_rate": 0.461538, "directional_follow_through": 0.461538, "median_excess_return": -0.028479, "regime_survival": 0.692308, "best_return": 0.125092, "worst_return": -0.060177, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": -0.011703, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.176598, "regime_survival": 0.6, "best_return": 0.269369, "worst_return": -0.173208, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.037711, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.252189, "regime_survival": 0.333333, "best_return": 0.114616, "worst_return": -0.277304, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.008472, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.149631, "regime_survival": 0.0, "best_return": 0.26282, "worst_return": -0.245877, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-06-30", "end": "2023-07-28", "tenure": "Developing", "return": -0.02442, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-08-04", "end": "2023-08-11", "tenure": "New", "return": 0.042559, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-08-18", "end": "2023-11-10", "tenure": "Established", "return": 0.1521, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-11-17", "end": "2023-12-15", "tenure": "Developing", "return": -0.244467, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-12-22", "end": "2024-01-19", "tenure": "Developing", "return": -0.088112, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-01-26", "end": "2024-09-13", "tenure": "Extended", "return": 0.038317, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-20", "end": "2024-11-08", "tenure": "Developing", "return": -0.09215, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-15", "end": "2025-08-08", "tenure": "Extended", "return": -0.226775, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-15", "end": "2025-09-05", "tenure": "New", "return": 0.044213, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-09-12", "end": "2025-10-03", "tenure": "New", "return": 0.032828, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-10", "end": "2025-11-07", "tenure": "Developing", "return": -0.009877, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-14", "end": "2025-11-28", "tenure": "New", "return": -0.021053, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-12-05", "end": "2025-12-26", "tenure": "New", "return": 0.002604, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-02", "end": "2026-08-14", "tenure": "Extended", "return": 0.086885, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 63.130905, "volume": 110956, "typical_volume": 60992.05, "trend": 56.278542, "fair_value": 52.257051, "relative_strength": 2.091958, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 75.865854, "energy": 54.578801, "activity_lines": [ 60.418215, 59.837598, 59.148163, 57.980324 ] }, { "date": "2023-08-18", "close": 66.848946, "volume": 97866, "typical_volume": 65540.75, "trend": 56.758971, "fair_value": 52.362789, "relative_strength": 9.192248, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.522151, "energy": 84.382884, "activity_lines": [ 62.80797, 61.170671, 59.963535, 58.662286 ] }, { "date": "2023-08-25", "close": 65.179619, "volume": 58781, "typical_volume": 68345.25, "trend": 57.183757, "fair_value": 52.454997, "relative_strength": 5.643762, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.705043, "energy": 84.060452, "activity_lines": [ 64.148471, 62.057849, 60.553032, 59.205553 ] }, { "date": "2023-09-01", "close": 63.73793, "volume": 37629, "typical_volume": 65590.4, "trend": 57.604365, "fair_value": 52.535589, "relative_strength": 2.147507, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.729511, "energy": 79.854441, "activity_lines": [ 64.45137, 62.570872, 60.94489, 59.628403 ] }, { "date": "2023-09-08", "close": 66.697189, "volume": 61407, "typical_volume": 52861.2, "trend": 58.121178, "fair_value": 52.636026, "relative_strength": 7.34559, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.065182, "energy": 84.058079, "activity_lines": [ 65.387021, 63.536126, 61.569987, 60.215037 ] }, { "date": "2023-09-15", "close": 80.431198, "volume": 463620, "typical_volume": 71464.8, "trend": 59.095791, "fair_value": 52.831767, "relative_strength": 26.335211, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 95.625805, "energy": 90.842628, "activity_lines": [ 70.491115, 66.874807, 63.472438, 61.654393 ] }, { "date": "2023-09-22", "close": 79.293015, "volume": 121794, "typical_volume": 77548.25, "trend": 59.96177, "fair_value": 53.01681, "relative_strength": 28.394442, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.141059, "energy": 91.067514, "activity_lines": [ 74.062461, 69.63184, 65.17288, 62.95744 ] }, { "date": "2023-09-29", "close": 80.051804, "volume": 32041, "typical_volume": 78568.75, "trend": 60.850604, "fair_value": 53.204553, "relative_strength": 29.057909, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.121046, "energy": 92.331018, "activity_lines": [ 77.057132, 72.166177, 66.859837, 64.253571 ] }, { "date": "2023-10-06", "close": 86.50148, "volume": 281478, "typical_volume": 91272.5, "trend": 61.954427, "fair_value": 53.434187, "relative_strength": 37.520069, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.382736, "energy": 95.080162, "activity_lines": [ 81.210216, 75.450859, 69.057752, 65.908466 ] }, { "date": "2023-10-13", "close": 85.363297, "volume": 108727, "typical_volume": 96388.05, "trend": 63.091006, "fair_value": 53.65288, "relative_strength": 33.13255, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.65159, "energy": 90.058929, "activity_lines": [ 83.466336, 78.018261, 71.008735, 67.418716 ] }, { "date": "2023-10-20", "close": 82.707558, "volume": 55498, "typical_volume": 98687.05, "trend": 64.085429, "fair_value": 53.850531, "relative_strength": 31.39988, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.773236, "energy": 76.709681, "activity_lines": [ 83.592803, 79.651719, 72.571585, 68.6843 ] }, { "date": "2023-10-27", "close": 81.569366, "volume": 70150, "typical_volume": 100631.3, "trend": 65.04435, "fair_value": 54.03782, "relative_strength": 31.856892, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.633986, "energy": 65.118336, "activity_lines": [ 83.188114, 80.722294, 73.902084, 69.812296 ] }, { "date": "2023-11-03", "close": 78.154839, "volume": 79430, "typical_volume": 104412.45, "trend": 65.899205, "fair_value": 54.199679, "relative_strength": 23.443751, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.263758, "energy": 53.806931, "activity_lines": [ 81.493494, 80.904402, 74.800003, 70.658134 ] }, { "date": "2023-11-10", "close": 77.01667, "volume": 69460, "typical_volume": 107883.2, "trend": 66.681993, "fair_value": 54.351793, "relative_strength": 20.324709, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.068048, "energy": 37.727906, "activity_lines": [ 79.545948, 80.643657, 75.498396, 71.37539 ] }, { "date": "2023-11-17", "close": 75.423218, "volume": 129640, "typical_volume": 112533.85, "trend": 67.187392, "fair_value": 54.491338, "relative_strength": 14.122724, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.59836, "energy": 26.285212, "activity_lines": [ 77.699572, 79.851761, 75.959325, 71.93934 ] }, { "date": "2023-11-24", "close": 71.174011, "volume": 322495, "typical_volume": 127668.9, "trend": 67.534086, "fair_value": 54.601093, "relative_strength": 7.162271, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.999421, "energy": 23.959134, "activity_lines": [ 75.099465, 78.128628, 75.941626, 72.196541 ] }, { "date": "2023-12-01", "close": 68.366524, "volume": 455342, "typical_volume": 150252.6, "trend": 67.770134, "fair_value": 54.691063, "relative_strength": 2.063917, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.183411, "energy": 19.216698, "activity_lines": [ 72.332433, 76.063355, 75.602492, 72.250247 ] }, { "date": "2023-12-08", "close": 67.304222, "volume": 223014, "typical_volume": 159272.95, "trend": 68.068281, "fair_value": 54.772967, "relative_strength": 0.714508, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.871841, "energy": 25.167702, "activity_lines": [ 70.09149, 74.0036, 75.11976, 72.220188 ] }, { "date": "2023-12-15", "close": 56.984745, "volume": 1539506, "typical_volume": 232092.75, "trend": 68.054137, "fair_value": 54.787236, "relative_strength": -15.915628, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -51.217531, "energy": 60.038116, "activity_lines": [ 65.134095, 70.29935, 73.604314, 71.505121 ] }, { "date": "2023-12-22", "close": 54.25312, "volume": 486855, "typical_volume": 240284.45, "trend": 67.963565, "fair_value": 54.783812, "relative_strength": -19.320978, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.756565, "energy": 79.121261, "activity_lines": [ 60.60162, 66.635109, 71.83561, 70.614733 ] }, { "date": "2023-12-29", "close": 52.963184, "volume": 339425, "typical_volume": 251707.9, "trend": 67.839746, "fair_value": 54.940799, "relative_strength": -22.365602, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.321762, "energy": 81.325893, "activity_lines": [ 57.050507, 63.301974, 69.974058, 69.646966 ] }, { "date": "2024-01-05", "close": 52.963184, "volume": 151998, "typical_volume": 254414.5, "trend": 67.637919, "fair_value": 55.101698, "relative_strength": -20.254476, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.976167, "energy": 82.418413, "activity_lines": [ 54.713449, 60.509645, 68.160923, 68.687188 ] }, { "date": "2024-01-12", "close": 50.762707, "volume": 262855, "typical_volume": 264618.2, "trend": 67.362742, "fair_value": 55.244579, "relative_strength": -23.234394, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.125484, "energy": 82.729431, "activity_lines": [ 52.669787, 57.837343, 66.204342, 67.598465 ] }, { "date": "2024-01-19", "close": 49.472771, "volume": 158856, "typical_volume": 270679.55, "trend": 67.044568, "fair_value": 55.373604, "relative_strength": -25.618826, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -79.153563, "energy": 91.953156, "activity_lines": [ 51.298915, 55.428545, 64.193562, 66.444273 ] }, { "date": "2024-01-26", "close": 48.486351, "volume": 121140, "typical_volume": 273666.2, "trend": 66.66426, "fair_value": 55.450118, "relative_strength": -28.071491, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.917482, "energy": 91.848375, "activity_lines": [ 50.100034, 53.341196, 62.156766, 65.246969 ] }, { "date": "2024-02-02", "close": 47.803444, "volume": 83425, "typical_volume": 254656.45, "trend": 66.263627, "fair_value": 55.503256, "relative_strength": -29.110353, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.545735, "energy": 91.245461, "activity_lines": [ 49.057969, 51.619444, 60.14165, 64.030142 ] }, { "date": "2024-02-09", "close": 47.72757, "volume": 12571, "typical_volume": 249195.3, "trend": 65.872653, "fair_value": 55.548459, "relative_strength": -29.128078, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.855072, "energy": 89.661548, "activity_lines": [ 48.334595, 50.308816, 58.274678, 62.834267 ] }, { "date": "2024-02-16", "close": 47.044662, "volume": 75427, "typical_volume": 251364.6, "trend": 65.546674, "fair_value": 55.584069, "relative_strength": -31.786763, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.868824, "energy": 90.018994, "activity_lines": [ 47.732626, 49.249276, 56.492979, 61.619558 ] }, { "date": "2024-02-23", "close": 50.838589, "volume": 180568, "typical_volume": 246319.1, "trend": 65.29353, "fair_value": 55.592595, "relative_strength": -27.103291, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.941868, "energy": 80.144808, "activity_lines": [ 48.643169, 49.247897, 55.229783, 60.670649 ] }, { "date": "2024-03-01", "close": 50.762707, "volume": 97140, "typical_volume": 245739.75, "trend": 64.967161, "fair_value": 55.621866, "relative_strength": -27.110962, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.930041, "energy": 62.039041, "activity_lines": [ 49.437364, 49.34447, 54.129183, 59.733177 ] }, { "date": "2024-03-08", "close": 49.700405, "volume": 74284, "typical_volume": 246679.05, "trend": 64.519478, "fair_value": 55.640604, "relative_strength": -31.367474, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.344147, "energy": 58.577597, "activity_lines": [ 49.725701, 49.311358, 53.092177, 58.748225 ] }, { "date": "2024-03-15", "close": 51.369732, "volume": 117711, "typical_volume": 249057.1, "trend": 64.003504, "fair_value": 55.663337, "relative_strength": -28.425566, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.606041, "energy": 52.296683, "activity_lines": [ 50.444016, 49.641084, 52.371331, 57.899854 ] }, { "date": "2024-03-22", "close": 51.369732, "volume": 105139, "typical_volume": 250342.55, "trend": 63.543174, "fair_value": 55.67415, "relative_strength": -30.068491, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.992372, "energy": 51.271371, "activity_lines": [ 50.91952, 49.999782, 51.794293, 57.084772 ] }, { "date": "2024-03-29", "close": 50.079803, "volume": 46855, "typical_volume": 249212.3, "trend": 63.087903, "fair_value": 55.675205, "relative_strength": -31.735442, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.798166, "energy": 52.697455, "activity_lines": [ 50.67671, 50.112911, 51.221952, 56.216168 ] }, { "date": "2024-04-05", "close": 52.052639, "volume": 38855, "typical_volume": 244673.05, "trend": 62.599752, "fair_value": 55.696356, "relative_strength": -28.910764, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.567142, "energy": 45.430107, "activity_lines": [ 51.142098, 50.5737, 50.965772, 55.504215 ] }, { "date": "2024-04-12", "close": 50.459194, "volume": 97140, "typical_volume": 233405.3, "trend": 61.600685, "fair_value": 55.705803, "relative_strength": -32.076414, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.230375, "energy": 43.04538, "activity_lines": [ 50.990342, 50.67993, 50.669123, 54.720953 ] }, { "date": "2024-04-19", "close": 50.079803, "volume": 97140, "typical_volume": 215495.2, "trend": 60.626911, "fair_value": 55.714307, "relative_strength": -27.909642, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.849673, "energy": 48.430697, "activity_lines": [ 50.661536, 50.668893, 50.434984, 53.977671 ] }, { "date": "2024-04-26", "close": 50.003918, "volume": 68568, "typical_volume": 207772.9, "trend": 59.625315, "fair_value": 55.688429, "relative_strength": -29.602999, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.707326, "energy": 44.680688, "activity_lines": [ 50.393431, 50.601292, 50.280697, 53.292316 ] }, { "date": "2024-05-03", "close": 50.838589, "volume": 57140, "typical_volume": 133654.6, "trend": 58.436552, "fair_value": 55.668646, "relative_strength": -28.61384, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.742877, "energy": 41.21385, "activity_lines": [ 50.494604, 50.631644, 50.288286, 52.725431 ] }, { "date": "2024-05-10", "close": 51.217976, "volume": 60568, "typical_volume": 112340.25, "trend": 57.298374, "fair_value": 55.651295, "relative_strength": -28.891556, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.549054, "energy": 33.937201, "activity_lines": [ 50.671653, 50.730976, 50.361273, 52.259716 ] }, { "date": "2024-05-17", "close": 49.852161, "volume": 123426, "typical_volume": 101540.3, "trend": 56.203195, "fair_value": 55.628168, "relative_strength": -32.125322, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.762914, "energy": 31.848767, "activity_lines": [ 50.449074, 50.5737, 50.318636, 51.779315 ] }, { "date": "2024-05-24", "close": 49.321014, "volume": 81141, "typical_volume": 97997.45, "trend": 55.128249, "fair_value": 55.603499, "relative_strength": -33.372121, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.981706, "energy": 33.893949, "activity_lines": [ 50.089916, 50.317092, 50.240229, 51.335304 ] }, { "date": "2024-05-31", "close": 49.169258, "volume": 65140, "typical_volume": 88111.7, "trend": 54.162063, "fair_value": 55.57972, "relative_strength": -31.942088, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.172667, "energy": 40.073233, "activity_lines": [ 49.730758, 50.070142, 50.164711, 50.950853 ] }, { "date": "2024-06-07", "close": 48.334595, "volume": 91425, "typical_volume": 84740.15, "trend": 53.205994, "fair_value": 55.550591, "relative_strength": -34.719084, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.804928, "energy": 47.288893, "activity_lines": [ 49.149023, 49.711444, 50.01729, 50.574887 ] }, { "date": "2024-06-14", "close": 49.321014, "volume": 95997, "typical_volume": 83483.0, "trend": 52.335921, "fair_value": 55.527784, "relative_strength": -34.847943, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.398536, "energy": 46.462104, "activity_lines": [ 49.063028, 49.563826, 49.969234, 50.324243 ] }, { "date": "2024-06-21", "close": 49.396896, "volume": 53712, "typical_volume": 81997.35, "trend": 51.610017, "fair_value": 55.505465, "relative_strength": -36.373331, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.070581, "energy": 38.259885, "activity_lines": [ 49.12879, 49.47967, 49.92443, 50.134628 ] }, { "date": "2024-06-28", "close": 48.562233, "volume": 37711, "typical_volume": 83254.35, "trend": 50.949874, "fair_value": 55.492694, "relative_strength": -36.322471, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.683051, "energy": 39.283961, "activity_lines": [ 48.946683, 49.263072, 49.792546, 49.937997 ] }, { "date": "2024-07-05", "close": 48.941628, "volume": 58283, "typical_volume": 82397.15, "trend": 50.337787, "fair_value": 55.469318, "relative_strength": -36.697451, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.214136, "energy": 32.735163, "activity_lines": [ 48.941626, 49.143047, 49.69282, 49.808433 ] }, { "date": "2024-07-12", "close": 48.258717, "volume": 45712, "typical_volume": 75654.35, "trend": 50.04692, "fair_value": 55.443427, "relative_strength": -38.004524, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.025722, "energy": 38.665708, "activity_lines": [ 48.724107, 48.918171, 49.519023, 49.674299 ] }, { "date": "2024-07-19", "close": 49.321014, "volume": 45712, "typical_volume": 73082.95, "trend": 49.882516, "fair_value": 55.424346, "relative_strength": -33.272032, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.903293, "energy": 30.622285, "activity_lines": [ 48.865746, 48.933346, 49.458681, 49.627467 ] }, { "date": "2024-07-26", "close": 48.106956, "volume": 26285, "typical_volume": 70683.0, "trend": 49.720642, "fair_value": 55.397482, "relative_strength": -32.221961, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.662407, "energy": 34.821702, "activity_lines": [ 48.602698, 48.762274, 49.28958, 49.512914 ] }, { "date": "2024-08-02", "close": 48.258717, "volume": 27426, "typical_volume": 66168.75, "trend": 49.563826, "fair_value": 55.371591, "relative_strength": -29.923181, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.337527, "energy": 37.507117, "activity_lines": [ 48.476234, 48.650526, 49.14252, 49.418597 ] }, { "date": "2024-08-09", "close": 48.388252, "volume": 81902, "typical_volume": 65006.9, "trend": 49.484678, "fair_value": 55.34504, "relative_strength": -28.512607, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.58352, "energy": 29.436007, "activity_lines": [ 48.413183, 48.581644, 49.022612, 49.342753 ] }, { "date": "2024-08-16", "close": 48.473293, "volume": 27730, "typical_volume": 64050.65, "trend": 49.451362, "fair_value": 55.31978, "relative_strength": -30.396066, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.927205, "energy": 29.543032, "activity_lines": [ 48.41537, 48.542424, 48.925, 49.277503 ] }, { "date": "2024-08-23", "close": 47.963051, "volume": 5331, "typical_volume": 62374.45, "trend": 49.433919, "fair_value": 55.251513, "relative_strength": -29.758194, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.848946, "energy": 32.078336, "activity_lines": [ 48.233172, 48.407911, 48.786443, 49.181483 ] }, { "date": "2024-08-30", "close": 48.133133, "volume": 11731, "typical_volume": 58104.0, "trend": 49.444908, "fair_value": 55.192732, "relative_strength": -29.119761, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.40991, "energy": 30.211003, "activity_lines": [ 48.198198, 48.329012, 48.683559, 49.097561 ] }, { "date": "2024-09-06", "close": 48.98354, "volume": 23463, "typical_volume": 54420.15, "trend": 49.486774, "fair_value": 55.138143, "relative_strength": -24.233986, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.139173, "energy": 19.698964, "activity_lines": [ 48.444948, 48.427711, 48.672743, 49.067795 ] }, { "date": "2024-09-13", "close": 50.344193, "volume": 44797, "typical_volume": 53231.6, "trend": 49.596758, "fair_value": 55.083041, "relative_strength": -22.078398, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.8749, "energy": 9.197693, "activity_lines": [ 49.096928, 48.76614, 48.796733, 49.123112 ] }, { "date": "2024-09-20", "close": 49.83395, "volume": 15997, "typical_volume": 51174.45, "trend": 49.56327, "fair_value": 55.026767, "relative_strength": -22.96111, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.226917, "energy": 12.17462, "activity_lines": [ 49.448431, 48.986297, 48.870508, 49.138415 ] }, { "date": "2024-09-27", "close": 49.238663, "volume": 18130, "typical_volume": 49052.55, "trend": 49.512469, "fair_value": 54.972974, "relative_strength": -24.736493, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.500309, "energy": 14.991125, "activity_lines": [ 49.510794, 49.06958, 48.892373, 49.117473 ] }, { "date": "2024-10-04", "close": 49.238663, "volume": 0, "typical_volume": 42881.25, "trend": 49.497078, "fair_value": 54.934294, "relative_strength": -21.384277, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.137057, "energy": 13.803869, "activity_lines": [ 49.488116, 49.154359, 48.923664, 49.099808 ] }, { "date": "2024-10-11", "close": 49.068581, "volume": 39466, "typical_volume": 40797.5, "trend": 49.420373, "fair_value": 54.891165, "relative_strength": -22.135018, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.505889, "energy": 9.912328, "activity_lines": [ 49.335043, 49.187638, 48.941677, 49.072163 ] }, { "date": "2024-10-18", "close": 48.048092, "volume": 3199, "typical_volume": 37700.45, "trend": 49.309651, "fair_value": 54.856958, "relative_strength": -24.071536, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.617622, "energy": 17.284293, "activity_lines": [ 48.836137, 49.020649, 48.863703, 48.983629 ] }, { "date": "2024-10-25", "close": 46.942562, "volume": 75730, "typical_volume": 36915.7, "trend": 49.205076, "fair_value": 54.804228, "relative_strength": -23.719593, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.076853, "energy": 35.852551, "activity_lines": [ 48.121794, 48.65884, 48.68578, 48.830913 ] }, { "date": "2024-11-01", "close": 47.350758, "volume": 1066, "typical_volume": 32169.15, "trend": 49.048347, "fair_value": 54.754115, "relative_strength": -19.578115, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.732791, "energy": 42.288404, "activity_lines": [ 47.736276, 48.399079, 48.553361, 48.71128 ] }, { "date": "2024-11-08", "close": 45.241741, "volume": 18131, "typical_volume": 30390.1, "trend": 48.874432, "fair_value": 54.692601, "relative_strength": -24.163409, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -74.379954, "energy": 67.872568, "activity_lines": [ 46.773613, 47.766993, 48.229465, 48.465692 ] }, { "date": "2024-11-15", "close": 45.156704, "volume": 36264, "typical_volume": 30317.75, "trend": 48.710329, "fair_value": 54.633506, "relative_strength": -20.152972, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.065043, "energy": 72.606244, "activity_lines": [ 46.049065, 47.172016, 47.917257, 48.225839 ] }, { "date": "2024-11-22", "close": 44.221252, "volume": 8532, "typical_volume": 27830.2, "trend": 48.517573, "fair_value": 54.569685, "relative_strength": -21.02319, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.022506, "energy": 75.988739, "activity_lines": [ 45.273492, 46.476537, 47.532176, 47.936221 ] }, { "date": "2024-11-29", "close": 42.520435, "volume": 25598, "typical_volume": 26824.5, "trend": 48.240301, "fair_value": 54.494962, "relative_strength": -20.61594, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.169194, "energy": 82.088502, "activity_lines": [ 44.186102, 45.583144, 47.007589, 47.549309 ] }, { "date": "2024-12-06", "close": 41.584984, "volume": 13865, "typical_volume": 25232.15, "trend": 47.919202, "fair_value": 54.414242, "relative_strength": -24.219007, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.730948, "energy": 88.467474, "activity_lines": [ 43.081704, 44.652642, 46.421238, 47.119934 ] }, { "date": "2024-12-13", "close": 41.202301, "volume": 11731, "typical_volume": 24504.45, "trend": 47.630873, "fair_value": 54.335727, "relative_strength": -23.460434, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.950895, "energy": 92.248896, "activity_lines": [ 42.23413, 43.791719, 45.835278, 46.686585 ] }, { "date": "2024-12-20", "close": 41.202301, "volume": 0, "typical_volume": 23133.15, "trend": 47.360249, "fair_value": 54.25679, "relative_strength": -20.910715, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.94162, "energy": 90.614292, "activity_lines": [ 41.655852, 43.076911, 45.282198, 46.271839 ] }, { "date": "2024-12-27", "close": 41.202301, "volume": 0, "typical_volume": 19038.05, "trend": 47.094684, "fair_value": 54.199028, "relative_strength": -22.751877, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.468405, "energy": 88.780288, "activity_lines": [ 41.341201, 42.505127, 44.76272, 45.874552 ] }, { "date": "2025-01-03", "close": 35.291958, "volume": 135465, "typical_volume": 24424.8, "trend": 46.659929, "fair_value": 54.107615, "relative_strength": -31.924782, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -95.550391, "energy": 94.210171, "activity_lines": [ 39.257699, 40.983204, 43.71457, 45.113085 ] }, { "date": "2025-01-10", "close": 36.354973, "volume": 14931, "typical_volume": 24904.8, "trend": 46.227728, "fair_value": 54.023863, "relative_strength": -29.398703, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.251007, "energy": 82.394188, "activity_lines": [ 38.010434, 39.866386, 42.830429, 44.448249 ] }, { "date": "2025-01-17", "close": 39.544003, "volume": 65064, "typical_volume": 27571.45, "trend": 45.899298, "fair_value": 53.966059, "relative_strength": -22.935836, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.963108, "energy": 65.422144, "activity_lines": [ 38.174846, 39.529315, 42.305281, 44.017041 ] }, { "date": "2025-01-24", "close": 40.054249, "volume": 8532, "typical_volume": 26824.9, "trend": 45.615699, "fair_value": 53.925927, "relative_strength": -22.526846, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.355739, "energy": 63.007679, "activity_lines": [ 38.619893, 39.388611, 41.869629, 43.639941 ] }, { "date": "2025-02-07", "close": 42.350353, "volume": 37427, "typical_volume": 26456.4, "trend": 45.39599, "fair_value": 53.900936, "relative_strength": -17.311175, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.388867, "energy": 42.767453, "activity_lines": [ 39.906845, 39.758152, 41.695174, 43.429274 ] }, { "date": "2025-02-14", "close": 41.244823, "volume": 11731, "typical_volume": 26243.1, "trend": 45.162193, "fair_value": 53.868858, "relative_strength": -17.716048, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.607544, "energy": 27.066851, "activity_lines": [ 40.74875, 39.960704, 41.453496, 43.161457 ] }, { "date": "2025-02-21", "close": 38.693596, "volume": 10755, "typical_volume": 25874.35, "trend": 44.807946, "fair_value": 53.807721, "relative_strength": -24.079425, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.062508, "energy": 29.977986, "activity_lines": [ 40.343389, 39.72259, 41.009744, 42.744128 ] }, { "date": "2025-02-28", "close": 39.033756, "volume": 8533, "typical_volume": 26301.0, "trend": 44.505506, "fair_value": 53.748764, "relative_strength": -20.451611, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.92919, "energy": 30.896321, "activity_lines": [ 39.895506, 39.598894, 40.648604, 42.3716 ] }, { "date": "2025-03-07", "close": 40.13929, "volume": 13971, "typical_volume": 25026.25, "trend": 44.234858, "fair_value": 53.701553, "relative_strength": -15.782929, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.316077, "energy": 32.791204, "activity_lines": [ 39.850151, 39.715632, 40.441347, 42.089908 ] }, { "date": "2025-03-14", "close": 38.480995, "volume": 2186, "typical_volume": 24975.6, "trend": 43.904616, "fair_value": 53.642441, "relative_strength": -16.448968, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.765626, "energy": 45.089852, "activity_lines": [ 39.246361, 39.550189, 40.118678, 41.718691 ] }, { "date": "2025-03-21", "close": 39.118797, "volume": 11808, "typical_volume": 21779.5, "trend": 43.5928, "fair_value": 53.573441, "relative_strength": -15.326981, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.710138, "energy": 40.071465, "activity_lines": [ 39.11313, 39.550188, 39.902309, 41.409929 ] }, { "date": "2025-03-28", "close": 36.014809, "volume": 16010, "typical_volume": 22526.7, "trend": 43.194525, "fair_value": 53.478615, "relative_strength": -19.206516, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.504913, "energy": 50.451743, "activity_lines": [ 38.08697, 38.916248, 39.427579, 40.921026 ] }, { "date": "2025-04-04", "close": 36.142368, "volume": 31998, "typical_volume": 23220.05, "trend": 42.794833, "fair_value": 53.379947, "relative_strength": -17.165546, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.7467, "energy": 58.755623, "activity_lines": [ 37.281916, 38.311684, 39.018978, 40.466048 ] }, { "date": "2025-04-11", "close": 32.825775, "volume": 49202, "typical_volume": 23866.95, "trend": 42.256241, "fair_value": 53.254514, "relative_strength": -17.267852, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.777818, "energy": 87.002849, "activity_lines": [ 35.564091, 37.165952, 38.337841, 39.822883 ] }, { "date": "2025-04-18", "close": 33.421062, "volume": 10685, "typical_volume": 23974.6, "trend": 41.692136, "fair_value": 53.142214, "relative_strength": -14.612729, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.63962, "energy": 89.220112, "activity_lines": [ 34.532262, 36.25988, 37.772117, 39.252872 ] }, { "date": "2025-04-25", "close": 33.250977, "volume": 34136, "typical_volume": 24401.5, "trend": 41.139371, "fair_value": 53.021623, "relative_strength": -16.379039, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.936397, "energy": 87.83006, "activity_lines": [ 33.781067, 35.485235, 37.241623, 38.708281 ] }, { "date": "2025-05-02", "close": 33.506104, "volume": 11732, "typical_volume": 24294.85, "trend": 40.614952, "fair_value": 52.916645, "relative_strength": -18.764114, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.011879, "energy": 83.737215, "activity_lines": [ 33.506102, 34.902318, 36.779568, 38.215812 ] }, { "date": "2025-05-09", "close": 33.973827, "volume": 12797, "typical_volume": 24348.15, "trend": 40.106124, "fair_value": 52.833723, "relative_strength": -17.430594, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.7322, "energy": 65.856648, "activity_lines": [ 33.554292, 34.498761, 36.400529, 37.787352 ] }, { "date": "2025-05-16", "close": 33.080898, "volume": 9598, "typical_volume": 24828.05, "trend": 39.573201, "fair_value": 52.742536, "relative_strength": -22.290461, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.883587, "energy": 58.952077, "activity_lines": [ 33.449408, 34.024851, 35.97087, 37.334112 ] }, { "date": "2025-05-23", "close": 32.315529, "volume": 11731, "typical_volume": 25414.6, "trend": 39.048783, "fair_value": 52.650678, "relative_strength": -22.767404, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.763503, "energy": 61.216515, "activity_lines": [ 33.072394, 33.540118, 35.506992, 36.865875 ] }, { "date": "2025-05-30", "close": 32.315529, "volume": 0, "typical_volume": 18641.35, "trend": 38.561215, "fair_value": 52.558397, "relative_strength": -21.056691, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.395609, "energy": 59.952817, "activity_lines": [ 32.769081, 33.167485, 35.085432, 36.431471 ] }, { "date": "2025-06-06", "close": 34.271469, "volume": 7465, "typical_volume": 18268.05, "trend": 38.125239, "fair_value": 52.479501, "relative_strength": -16.872875, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.841556, "energy": 52.11983, "activity_lines": [ 33.180111, 33.274172, 34.864326, 36.154714 ] }, { "date": "2025-06-13", "close": 34.866756, "volume": 10665, "typical_volume": 15548.1, "trend": 37.779406, "fair_value": 52.402303, "relative_strength": -16.475587, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.122271, "energy": 39.899129, "activity_lines": [ 33.738547, 33.520791, 34.709835, 35.944489 ] }, { "date": "2025-06-20", "close": 34.866756, "volume": 0, "typical_volume": 15121.5, "trend": 37.436408, "fair_value": 52.310282, "relative_strength": -15.850519, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.961842, "energy": 27.248864, "activity_lines": [ 34.237453, 33.790602, 34.577617, 35.756576 ] }, { "date": "2025-06-27", "close": 34.016346, "volume": 5333, "typical_volume": 13516.8, "trend": 37.096244, "fair_value": 52.210692, "relative_strength": -19.335795, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.344245, "energy": 24.509011, "activity_lines": [ 34.333833, 33.868685, 34.389109, 35.535927 ] }, { "date": "2025-07-04", "close": 34.569115, "volume": 9598, "typical_volume": 13410.15, "trend": 36.8312, "fair_value": 52.123116, "relative_strength": -17.41735, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.543696, "energy": 21.846859, "activity_lines": [ 34.501081, 34.036448, 34.292932, 35.372886 ] }, { "date": "2025-07-11", "close": 34.569115, "volume": 0, "typical_volume": 12872.4, "trend": 36.597338, "fair_value": 52.041045, "relative_strength": -17.680177, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.306609, "energy": 19.328156, "activity_lines": [ 34.518089, 34.180245, 34.228545, 35.226945 ] }, { "date": "2025-07-18", "close": 33.336018, "volume": 18188, "typical_volume": 13355.15, "trend": 36.335128, "fair_value": 51.945988, "relative_strength": -22.283042, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.666252, "energy": 25.744504, "activity_lines": [ 34.104223, 34.080514, 34.066359, 35.016538 ] }, { "date": "2025-07-25", "close": 33.165939, "volume": 4296, "typical_volume": 12871.4, "trend": 36.06725, "fair_value": 51.849417, "relative_strength": -22.014851, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.108136, "energy": 38.286642, "activity_lines": [ 33.735713, 33.961457, 33.915108, 34.812074 ] }, { "date": "2025-08-01", "close": 34.696676, "volume": 9737, "typical_volume": 13248.95, "trend": 35.850395, "fair_value": 51.762659, "relative_strength": -18.058158, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.875111, "energy": 27.60593, "activity_lines": [ 33.990836, 34.11917, 33.942848, 34.72365 ] }, { "date": "2025-08-08", "close": 34.916286, "volume": 121194, "typical_volume": 18718.25, "trend": 35.837873, "fair_value": 51.677308, "relative_strength": -18.883603, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.198371, "energy": 15.392336, "activity_lines": [ 34.273807, 34.273518, 34.009523, 34.663385 ] }, { "date": "2025-08-15", "close": 35.329765, "volume": 21707, "typical_volume": 19003.1, "trend": 35.803699, "fair_value": 51.592913, "relative_strength": -18.27606, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.494394, "energy": 7.81581, "activity_lines": [ 34.67146, 34.455757, 34.13559, 34.630603 ] }, { "date": "2025-08-22", "close": 36.294559, "volume": 19610, "typical_volume": 18383.7, "trend": 35.695385, "fair_value": 51.488869, "relative_strength": -13.429288, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 9.466149, "energy": 21.386228, "activity_lines": [ 35.34, 34.794172, 34.356803, 34.662272 ] }, { "date": "2025-08-29", "close": 35.37571, "volume": 40634, "typical_volume": 17955.3, "trend": 35.539433, "fair_value": 51.356642, "relative_strength": -16.612071, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.422796, "energy": 17.866077, "activity_lines": [ 35.505022, 34.939564, 34.489783, 34.641648 ] }, { "date": "2025-09-05", "close": 36.891811, "volume": 84358, "typical_volume": 21638.95, "trend": 35.357482, "fair_value": 51.245279, "relative_strength": -13.342715, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 38.529998, "energy": 40.310252, "activity_lines": [ 36.028093, 35.351356, 34.75501, 34.728898 ] }, { "date": "2025-09-12", "close": 36.386444, "volume": 23137, "typical_volume": 21089.0, "trend": 35.195536, "fair_value": 51.098168, "relative_strength": -17.031397, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 31.967578, "energy": 43.165378, "activity_lines": [ 36.236365, 35.618982, 34.95558, 34.795282 ] }, { "date": "2025-09-19", "close": 37.580948, "volume": 6284, "typical_volume": 20816.6, "trend": 35.158448, "fair_value": 50.963359, "relative_strength": -13.842508, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 40.595528, "energy": 43.328726, "activity_lines": [ 36.744795, 36.070749, 35.254982, 34.94918 ] }, { "date": "2025-09-26", "close": 37.580948, "volume": 0, "typical_volume": 20176.75, "trend": 35.110021, "fair_value": 50.829013, "relative_strength": -13.084813, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.679144, "energy": 53.57352, "activity_lines": [ 37.103146, 36.467755, 35.534979, 35.10547 ] }, { "date": "2025-10-03", "close": 37.580948, "volume": 11841, "typical_volume": 20288.9, "trend": 35.024743, "fair_value": 50.694668, "relative_strength": -16.201639, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 63.289488, "energy": 61.325083, "activity_lines": [ 37.375738, 36.78758, 35.7978, 35.264885 ] }, { "date": "2025-10-10", "close": 37.213409, "volume": 5168, "typical_volume": 19960.75, "trend": 34.98249, "fair_value": 50.547749, "relative_strength": -17.868888, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.948086, "energy": 55.000572, "activity_lines": [ 37.378801, 36.960307, 36.004188, 35.406089 ] }, { "date": "2025-10-17", "close": 36.570217, "volume": 16759, "typical_volume": 20798.7, "trend": 34.897537, "fair_value": 50.395415, "relative_strength": -18.531581, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.662541, "energy": 36.977375, "activity_lines": [ 37.146027, 36.970332, 36.125997, 35.508523 ] }, { "date": "2025-10-24", "close": 35.37571, "volume": 2105, "typical_volume": 20530.7, "trend": 34.876234, "fair_value": 50.233548, "relative_strength": -21.148946, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 35.499315, "energy": 20.226591, "activity_lines": [ 36.502833, 36.733101, 36.113782, 35.539373 ] }, { "date": "2025-10-31", "close": 35.19194, "volume": 12386, "typical_volume": 20616.75, "trend": 34.844553, "fair_value": 50.067691, "relative_strength": -22.810395, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 23.633626, "energy": 17.259351, "activity_lines": [ 35.945397, 36.461623, 36.078808, 35.559741 ] }, { "date": "2025-11-07", "close": 36.845867, "volume": 7259, "typical_volume": 20979.7, "trend": 34.978556, "fair_value": 49.920874, "relative_strength": -16.742082, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 32.747277, "energy": 21.040437, "activity_lines": [ 36.098538, 36.510907, 36.199801, 35.688858 ] }, { "date": "2025-11-14", "close": 34.916286, "volume": 20007, "typical_volume": 21713.4, "trend": 35.028397, "fair_value": 49.765438, "relative_strength": -19.747758, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.860826, "energy": 14.780859, "activity_lines": [ 35.65749, 36.182627, 36.127601, 35.684841 ] }, { "date": "2025-11-21", "close": 34.916286, "volume": 4128, "typical_volume": 21439.9, "trend": 35.083907, "fair_value": 49.612815, "relative_strength": -16.15064, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 0.544467, "energy": 12.522109, "activity_lines": [ 35.369584, 35.890266, 36.051115, 35.677608 ] }, { "date": "2025-11-28", "close": 34.181202, "volume": 9353, "typical_volume": 21907.55, "trend": 35.10641, "fair_value": 49.456418, "relative_strength": -20.785633, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.149811, "energy": 32.26691, "activity_lines": [ 34.946912, 35.490983, 35.902969, 35.619369 ] }, { "date": "2025-12-05", "close": 35.283825, "volume": 17550, "typical_volume": 21875.65, "trend": 35.150077, "fair_value": 49.307557, "relative_strength": -18.615754, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.374097, "energy": 36.273797, "activity_lines": [ 34.971415, 35.353991, 35.861681, 35.630815 ] }, { "date": "2025-12-12", "close": 34.548744, "volume": 21675, "typical_volume": 22744.6, "trend": 35.199005, "fair_value": 49.172268, "relative_strength": -20.363704, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.106146, "energy": 46.659641, "activity_lines": [ 34.744766, 35.125114, 35.74111, 35.592019 ] }, { "date": "2025-12-19", "close": 34.916286, "volume": 6415, "typical_volume": 22578.5, "trend": 35.285697, "fair_value": 49.04496, "relative_strength": -17.513133, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.711775, "energy": 31.564758, "activity_lines": [ 34.793771, 35.018193, 35.648958, 35.573779 ] }, { "date": "2025-12-26", "close": 35.37571, "volume": 7626, "typical_volume": 16900.1, "trend": 35.387703, "fair_value": 48.921535, "relative_strength": -18.335831, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -12.782996, "energy": 12.358202, "activity_lines": [ 34.995919, 35.036571, 35.599515, 35.579587 ] }, { "date": "2026-01-02", "close": 34.916286, "volume": 26837, "typical_volume": 17156.6, "trend": 35.409197, "fair_value": 48.795165, "relative_strength": -20.994966, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -14.106484, "energy": 12.977423, "activity_lines": [ 35.014296, 34.993134, 35.50413, 35.549173 ] }, { "date": "2026-01-09", "close": 35.37571, "volume": 2064, "typical_volume": 16279.3, "trend": 35.426162, "fair_value": 48.683459, "relative_strength": -22.066436, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -8.076489, "energy": 6.32756, "activity_lines": [ 35.136809, 35.041583, 35.454468, 35.547012 ] }, { "date": "2026-01-16", "close": 35.19194, "volume": 28906, "typical_volume": 15692.9, "trend": 35.437002, "fair_value": 48.569639, "relative_strength": -24.791885, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -6.877284, "energy": 6.469674, "activity_lines": [ 35.19194, 35.053277, 35.39168, 35.531901 ] }, { "date": "2026-01-23", "close": 35.37571, "volume": 21675, "typical_volume": 12558.75, "trend": 35.482314, "fair_value": 48.460277, "relative_strength": -25.125421, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -4.604313, "energy": 4.8016, "activity_lines": [ 35.265448, 35.128456, 35.347269, 35.527947 ] }, { "date": "2026-01-30", "close": 36.294559, "volume": 16651, "typical_volume": 12234.45, "trend": 35.539828, "fair_value": 48.356806, "relative_strength": -22.852862, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.377024, "energy": 11.850064, "activity_lines": [ 35.614611, 35.362345, 35.397587, 35.58035 ] }, { "date": "2026-02-06", "close": 35.145996, "volume": 33373, "typical_volume": 13588.9, "trend": 35.559058, "fair_value": 48.254411, "relative_strength": -23.938299, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.396598, "energy": 12.541177, "activity_lines": [ 35.519662, 35.362345, 35.338956, 35.554941 ] }, { "date": "2026-02-13", "close": 36.662098, "volume": 15486, "typical_volume": 14363.2, "trend": 35.669927, "fair_value": 48.161265, "relative_strength": -24.269116, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.76279, "energy": 21.074344, "activity_lines": [ 35.914767, 35.620458, 35.43631, 35.626105 ] }, { "date": "2026-02-27", "close": 36.662098, "volume": 31000, "typical_volume": 15321.15, "trend": 35.786466, "fair_value": 48.06812, "relative_strength": -27.561335, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.498634, "energy": 31.498379, "activity_lines": [ 36.224113, 35.853511, 35.53804, 35.690116 ] }, { "date": "2026-03-06", "close": 36.708038, "volume": 57815, "typical_volume": 17953.5, "trend": 35.853511, "fair_value": 47.961673, "relative_strength": -22.929767, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.184446, "energy": 36.285638, "activity_lines": [ 36.450762, 36.056493, 35.64852, 35.749572 ] }, { "date": "2026-03-13", "close": 35.329765, "volume": 34100, "typical_volume": 18820.55, "trend": 35.867294, "fair_value": 47.845923, "relative_strength": -24.64485, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.652956, "energy": 23.685832, "activity_lines": [ 36.129164, 35.976302, 35.630143, 35.715782 ] }, { "date": "2026-03-20", "close": 35.513538, "volume": 21881, "typical_volume": 19809.35, "trend": 35.87342, "fair_value": 47.731351, "relative_strength": -23.854162, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.957717, "energy": 6.360873, "activity_lines": [ 35.933144, 35.93036, 35.635175, 35.692959 ] }, { "date": "2026-03-27", "close": 36.386444, "volume": 49657, "typical_volume": 21672.9, "trend": 35.876482, "fair_value": 47.63597, "relative_strength": -20.235444, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.486635, "energy": 4.665012, "activity_lines": [ 36.003589, 36.032268, 35.722684, 35.726058 ] }, { "date": "2026-04-03", "close": 35.835133, "volume": 13420, "typical_volume": 21980.95, "trend": 35.891797, "fair_value": 47.526741, "relative_strength": -19.504209, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.894718, "energy": 5.607044, "activity_lines": [ 35.908642, 36.015562, 35.752, 35.72339 ] }, { "date": "2026-04-10", "close": 37.213409, "volume": 11353, "typical_volume": 21548.25, "trend": 35.902516, "fair_value": 47.426816, "relative_strength": -22.418335, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.841565, "energy": 18.18225, "activity_lines": [ 36.32825, 36.237757, 35.917393, 35.808655 ] }, { "date": "2026-04-17", "close": 35.927017, "volume": 25117, "typical_volume": 22597.7, "trend": 35.887202, "fair_value": 47.32052, "relative_strength": -27.193267, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.470825, "energy": 16.622856, "activity_lines": [ 36.28537, 36.192649, 35.949334, 35.810236 ] }, { "date": "2026-04-24", "close": 36.11079, "volume": 53685, "typical_volume": 24814.3, "trend": 35.838197, "fair_value": 47.208839, "relative_strength": -30.022246, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.512172, "energy": 12.91619, "activity_lines": [ 36.26393, 36.187638, 35.993963, 35.824661 ] }, { "date": "2026-05-01", "close": 34.916286, "volume": 18579, "typical_volume": 24865.75, "trend": 35.749375, "fair_value": 47.046371, "relative_strength": -31.556189, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 17.195889, "energy": 7.127299, "activity_lines": [ 35.804506, 35.947902, 35.915643, 35.765183 ] }, { "date": "2026-05-08", "close": 35.008167, "volume": 24773, "typical_volume": 25020.65, "trend": 35.663616, "fair_value": 46.881211, "relative_strength": -35.058066, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -13.427847, "energy": 13.6425, "activity_lines": [ 35.473719, 35.756614, 35.847823, 35.717363 ] }, { "date": "2026-05-15", "close": 36.248615, "volume": 34166, "typical_volume": 26408.2, "trend": 35.631456, "fair_value": 46.72072, "relative_strength": -31.293469, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.355015, "energy": 6.869983, "activity_lines": [ 35.611547, 35.820933, 35.895953, 35.755105 ] }, { "date": "2026-05-22", "close": 33.997437, "volume": 50651, "typical_volume": 28559.45, "trend": 35.545696, "fair_value": 46.564551, "relative_strength": -36.554584, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -22.457034, "energy": 21.728925, "activity_lines": [ 35.063301, 35.484301, 35.72334, 35.649684 ] }, { "date": "2026-05-29", "close": 34.916286, "volume": 24875, "typical_volume": 28461.35, "trend": 35.530382, "fair_value": 46.420367, "relative_strength": -37.758269, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -11.261031, "energy": 21.379155, "activity_lines": [ 34.949976, 35.338956, 35.644801, 35.609077 ] }, { "date": "2026-06-05", "close": 34.824402, "volume": 5388, "typical_volume": 28627.55, "trend": 35.518131, "fair_value": 46.278406, "relative_strength": -37.679312, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -21.813035, "energy": 19.039609, "activity_lines": [ 34.885657, 35.187763, 35.55751, 35.56353 ] }, { "date": "2026-06-12", "close": 34.686573, "volume": 29012, "typical_volume": 28632.85, "trend": 35.446155, "fair_value": 46.137437, "relative_strength": -35.865722, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -23.025425, "energy": 24.048857, "activity_lines": [ 34.781521, 35.039912, 35.459719, 35.509881 ] }, { "date": "2026-06-19", "close": 34.227146, "volume": 10322, "typical_volume": 28065.2, "trend": 35.423183, "fair_value": 45.978521, "relative_strength": -39.035382, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -24.689301, "energy": 18.08758, "activity_lines": [ 34.545682, 34.829412, 35.320578, 35.431236 ] }, { "date": "2026-06-26", "close": 33.997437, "volume": 46558, "typical_volume": 29560.55, "trend": 35.392555, "fair_value": 45.818133, "relative_strength": -36.038549, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.817608, "energy": 32.522554, "activity_lines": [ 34.368039, 34.631442, 35.165031, 35.339252 ] }, { "date": "2026-07-03", "close": 33.58395, "volume": 22878, "typical_volume": 29035.8, "trend": 35.372646, "fair_value": 45.655094, "relative_strength": -39.024429, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.223719, "energy": 36.34795, "activity_lines": [ 34.052566, 34.393376, 34.981042, 35.222568 ] }, { "date": "2026-07-10", "close": 35.605423, "volume": 4128, "typical_volume": 28467.9, "trend": 35.383366, "fair_value": 45.499388, "relative_strength": -32.496788, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -43.865837, "energy": 21.972209, "activity_lines": [ 34.499739, 34.568793, 34.997012, 35.237586 ] }, { "date": "2026-07-17", "close": 34.45686, "volume": 13517, "typical_volume": 27593.75, "trend": 35.380304, "fair_value": 45.336788, "relative_strength": -29.739206, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -46.674544, "energy": 21.363334, "activity_lines": [ 34.511991, 34.52285, 34.908628, 35.177811 ] }, { "date": "2026-07-24", "close": 34.181202, "volume": 7334, "typical_volume": 25069.7, "trend": 35.355801, "fair_value": 45.174765, "relative_strength": -31.131074, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -39.148492, "energy": 18.004314, "activity_lines": [ 34.44767, 34.436812, 34.804491, 35.10045 ] }, { "date": "2026-07-31", "close": 35.37571, "volume": 10433, "typical_volume": 23886.35, "trend": 35.355801, "fair_value": 45.037276, "relative_strength": -27.101137, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -28.102573, "energy": 13.336331, "activity_lines": [ 34.784582, 34.605546, 34.82615, 35.101734 ] }, { "date": "2026-08-07", "close": 35.513538, "volume": 57934, "typical_volume": 25689.0, "trend": 35.375709, "fair_value": 44.890357, "relative_strength": -27.811702, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -23.292505, "energy": 10.598227, "activity_lines": [ 35.075552, 34.774281, 34.860716, 35.111911 ] }, { "date": "2026-08-14", "close": 37.950001, "volume": 22092, "typical_volume": 24310.75, "trend": 35.461519, "fair_value": 44.745461, "relative_strength": -24.714589, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": 23.147171, "energy": 20.142744, "activity_lines": [ 36.050037, 35.375149, 35.127327, 35.277994 ] } ], "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." } } }