{ "ticker": { "uuid": "647ab98f-9628-4e77-bf98-79ba901f0e93", "symbol": "605336", "name": "Zhejiang Sanfer Electric Co., Ltd", "exchange": "SHH", "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": "000001.SS", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -65.85, "architecture_energy": 82.851, "architecture_maturity": 24.092, "architecture_confidence": 88.537, "architecture_tenure": "New", "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": 18.31, "rotation_up": 9.46, "upward_expansion": 20.48, "deceleration": 37.51, "rotation_down": 75.15, "downward_expansion": 93.81 }, "activity_lines": [ 10.535333, 11.442727, 13.335286, 13.978237 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 11.77, "trend_reference": 14.733667, "distance_from_trend": -0.201149, "trend_direction": "Weakening", "fair_value": 14.445603, "distance_from_fair_value": -0.185219, "fair_value_direction": "Weakening", "relative_strength": -21.188126, "relative_strength_direction": "Weakening", "price_momentum": -0.219496, "excess_performance": -0.176292, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.201149, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.062306, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.185219, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.433095, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.211881, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.214478, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.219496, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.454531, "read": "Supply-led" } ], "volume": { "latest": 8414641, "relative_activity": 0.608869, "balance": 0.454531, "dry_up": 0.53469, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.139468, "annualized_volatility": 0.586094, "from_high_reference": -0.390155, "from_low_reference": 0.365429 }, "levels": { "trend_reference": 14.733667, "fair_value_reference": 14.445603, "structural_low": 8.62, "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": 24, "median_return": 0.010395, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.001736, "regime_survival": 0.708333, "best_return": 0.170502, "worst_return": -0.148779, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.038214, "positive_rate": 0.3, "directional_follow_through": 0.7, "median_excess_return": -0.043198, "regime_survival": 0.4, "best_return": 0.505252, "worst_return": -0.209909, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.076774, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.150986, "regime_survival": 0.4, "best_return": 0.325414, "worst_return": -0.218383, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.151301, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.259699, "regime_survival": 0.0, "best_return": -0.145489, "worst_return": -0.157113, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-23", "end": "2025-07-11", "tenure": "Developing", "return": 0.001922, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-18", "end": "2025-08-01", "tenure": "New", "return": -0.071096, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-08-08", "end": "2025-08-29", "tenure": "New", "return": -0.060136, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-09-05", "end": "2025-11-21", "tenure": "Developing", "return": 0.017419, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-28", "end": "2025-12-12", "tenure": "New", "return": -0.083333, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-19", "end": "2026-01-02", "tenure": "New", "return": 0.058507, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-09", "end": "2026-01-16", "tenure": "New", "return": 0.031082, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-23", "end": "2026-01-30", "tenure": "New", "return": -0.140741, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-06", "end": "2026-03-06", "tenure": "New", "return": -0.057971, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-13", "end": "2026-04-17", "tenure": "Developing", "return": 0.056604, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-05-08", "tenure": "New", "return": 0.155019, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-15", "end": "2026-06-12", "tenure": "Developing", "return": -0.137127, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-19", "end": "2026-07-10", "tenure": "New", "return": -0.293553, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": 0.182915, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 16.093731, "volume": 11126478, "typical_volume": 6234450.0, "trend": 15.391384, "fair_value": 17.417288, "relative_strength": 2.715437, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 29.130813, "energy": 33.896461, "activity_lines": [ 15.61814, 15.378961, 15.228008, 15.342645 ] }, { "date": "2023-08-04", "close": 15.314285, "volume": 10526722, "typical_volume": 6420761.5, "trend": 15.459685, "fair_value": 17.402582, "relative_strength": -2.412694, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 14.295986, "energy": 23.797997, "activity_lines": [ 15.557034, 15.395593, 15.236976, 15.337671 ] }, { "date": "2023-08-11", "close": 14.978936, "volume": 4812724, "typical_volume": 6349130.05, "trend": 15.459821, "fair_value": 17.385751, "relative_strength": -1.317092, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -17.67534, "energy": 14.587357, "activity_lines": [ 15.389564, 15.343128, 15.213668, 15.306655 ] }, { "date": "2023-08-18", "close": 15.109349, "volume": 4204016, "typical_volume": 6226059.5, "trend": 15.439838, "fair_value": 17.370052, "relative_strength": 1.508552, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -27.017808, "energy": 12.074402, "activity_lines": [ 15.277229, 15.31658, 15.205958, 15.284043 ] }, { "date": "2023-08-25", "close": 14.326867, "volume": 4070980, "typical_volume": 6157220.45, "trend": 15.41048, "fair_value": 17.349208, "relative_strength": -1.433877, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -53.805651, "energy": 33.37383, "activity_lines": [ 14.915389, 15.142062, 15.12543, 15.212239 ] }, { "date": "2023-09-01", "close": 16.283072, "volume": 21231325, "typical_volume": 6850026.9, "trend": 15.449612, "fair_value": 17.341955, "relative_strength": 9.51976, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -7.241962, "energy": 7.067614, "activity_lines": [ 15.288202, 15.33923, 15.238598, 15.268535 ] }, { "date": "2023-09-08", "close": 16.068819, "volume": 9507250, "typical_volume": 6784003.55, "trend": 15.473247, "fair_value": 17.333353, "relative_strength": 8.544781, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 26.782314, "energy": 18.7136, "activity_lines": [ 15.576975, 15.469915, 15.326836, 15.308484 ] }, { "date": "2023-09-15", "close": 15.742786, "volume": 5389891, "typical_volume": 6698631.7, "trend": 15.430817, "fair_value": 17.322678, "relative_strength": 6.283983, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 19.200509, "energy": 29.913435, "activity_lines": [ 15.706767, 15.529081, 15.378259, 15.325874 ] }, { "date": "2023-09-22", "close": 16.059505, "volume": 6257160, "typical_volume": 6887792.2, "trend": 15.381342, "fair_value": 17.314257, "relative_strength": 7.77316, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 30.802289, "energy": 40.866012, "activity_lines": [ 15.891209, 15.635124, 15.456531, 15.366434 ] }, { "date": "2023-09-29", "close": 15.891829, "volume": 4532550, "typical_volume": 6801673.05, "trend": 15.32926, "fair_value": 17.304837, "relative_strength": 7.283354, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 53.772799, "energy": 55.034976, "activity_lines": [ 15.956416, 15.696493, 15.513925, 15.399369 ] }, { "date": "2023-10-13", "close": 14.913729, "volume": 5794287, "typical_volume": 6832674.6, "trend": 15.303055, "fair_value": 17.289106, "relative_strength": 1.522335, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.25693, "energy": 16.612531, "activity_lines": [ 15.591258, 15.574095, 15.472904, 15.37256 ] }, { "date": "2023-10-20", "close": 14.727425, "volume": 4847330, "typical_volume": 6727697.9, "trend": 15.285856, "fair_value": 17.272363, "relative_strength": 3.864858, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.80096, "energy": 8.898022, "activity_lines": [ 15.255288, 15.439278, 15.414005, 15.335423 ] }, { "date": "2023-10-27", "close": 15.09072, "volume": 5178704, "typical_volume": 6693277.3, "trend": 15.26734, "fair_value": 17.258196, "relative_strength": 5.109186, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.473177, "energy": 16.028224, "activity_lines": [ 15.129843, 15.381185, 15.390373, 15.322834 ] }, { "date": "2023-11-03", "close": 14.056725, "volume": 13616032, "typical_volume": 7013182.1, "trend": 15.220325, "fair_value": 17.237542, "relative_strength": -2.542907, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -35.255163, "energy": 34.879868, "activity_lines": [ 14.703204, 15.133061, 15.268309, 15.244729 ] }, { "date": "2023-11-10", "close": 14.326867, "volume": 7311496, "typical_volume": 7073974.2, "trend": 15.168591, "fair_value": 17.218884, "relative_strength": -0.982279, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.865453, "energy": 55.096083, "activity_lines": [ 14.500132, 14.953192, 15.175494, 15.187087 ] }, { "date": "2023-11-17", "close": 14.466596, "volume": 4687372, "typical_volume": 7150764.8, "trend": 15.139714, "fair_value": 17.18109, "relative_strength": -0.60717, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.799267, "energy": 53.081144, "activity_lines": [ 14.447966, 14.798728, 15.10018, 15.141797 ] }, { "date": "2023-11-24", "close": 14.475912, "volume": 4240542, "typical_volume": 7091266.25, "trend": 15.12696, "fair_value": 17.152045, "relative_strength": -0.153905, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -58.943977, "energy": 61.373504, "activity_lines": [ 14.428714, 14.678984, 15.027193, 15.098971 ] }, { "date": "2023-12-01", "close": 14.289606, "volume": 5927282, "typical_volume": 7141744.85, "trend": 15.101732, "fair_value": 17.110344, "relative_strength": -1.190687, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.789293, "energy": 53.83904, "activity_lines": [ 14.364128, 14.554329, 14.940841, 15.044948 ] }, { "date": "2023-12-08", "close": 13.833159, "volume": 5823769, "typical_volume": 7232163.0, "trend": 15.061884, "fair_value": 17.070652, "relative_strength": -2.390732, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.694527, "energy": 67.222222, "activity_lines": [ 14.200801, 14.373105, 14.815135, 14.963105 ] }, { "date": "2023-12-15", "close": 13.991519, "volume": 6334734, "typical_volume": 7271032.2, "trend": 15.035372, "fair_value": 17.026876, "relative_strength": -0.413561, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.971436, "energy": 65.895459, "activity_lines": [ 14.105165, 14.261153, 14.711396, 14.894049 ] }, { "date": "2023-12-22", "close": 13.712061, "volume": 5106785, "typical_volume": 6970047.55, "trend": 14.996262, "fair_value": 16.972866, "relative_strength": -1.465171, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.520079, "energy": 73.180209, "activity_lines": [ 13.938732, 14.132941, 14.588538, 14.808674 ] }, { "date": "2023-12-29", "close": 13.861105, "volume": 5107699, "typical_volume": 6699096.4, "trend": 14.962717, "fair_value": 16.927765, "relative_strength": -2.415061, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.94757, "energy": 68.122023, "activity_lines": [ 13.872283, 14.053677, 14.491215, 14.735438 ] }, { "date": "2024-01-05", "close": 14.131248, "volume": 5975060, "typical_volume": 6757213.2, "trend": 14.930419, "fair_value": 16.89239, "relative_strength": 0.940897, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.773752, "energy": 45.449834, "activity_lines": [ 13.936869, 14.03928, 14.426541, 14.681795 ] }, { "date": "2024-01-12", "close": 13.879735, "volume": 7109190, "typical_volume": 6902471.9, "trend": 14.899882, "fair_value": 16.85573, "relative_strength": 0.556932, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.478229, "energy": 45.447058, "activity_lines": [ 13.928175, 13.9966, 14.34195, 14.614009 ] }, { "date": "2024-01-19", "close": 13.190406, "volume": 7933597, "typical_volume": 7095602.75, "trend": 14.832642, "fair_value": 16.825256, "relative_strength": -2.72703, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.735551, "energy": 53.411304, "activity_lines": [ 13.686599, 13.831804, 14.197563, 14.50372 ] }, { "date": "2024-01-26", "close": 12.957524, "volume": 9491052, "typical_volume": 6508589.1, "trend": 14.77226, "fair_value": 16.792637, "relative_strength": -6.830098, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.474246, "energy": 59.724772, "activity_lines": [ 13.420803, 13.645329, 14.036409, 14.382745 ] }, { "date": "2024-02-02", "close": 10.433089, "volume": 9228803, "typical_volume": 6494666.75, "trend": 14.606844, "fair_value": 16.750403, "relative_strength": -19.76377, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -96.252379, "energy": 96.317356, "activity_lines": [ 12.363832, 13.027304, 13.650669, 14.102798 ] }, { "date": "2024-02-09", "close": 10.367883, "volume": 12807501, "typical_volume": 6865547.25, "trend": 14.44731, "fair_value": 16.710524, "relative_strength": -23.730371, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.031831, "energy": 96.381002, "activity_lines": [ 11.513659, 12.470929, 13.285555, 13.829317 ] }, { "date": "2024-02-23", "close": 11.299409, "volume": 12766505, "typical_volume": 7191014.5, "trend": 14.314651, "fair_value": 16.678044, "relative_strength": -20.415606, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.968512, "energy": 87.734792, "activity_lines": [ 11.224887, 12.155227, 13.034753, 13.626227 ] }, { "date": "2024-03-01", "close": 11.271463, "volume": 13494160, "typical_volume": 7639095.0, "trend": 14.171512, "fair_value": 16.64408, "relative_strength": -20.691394, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.406387, "energy": 86.134457, "activity_lines": [ 11.09882, 11.880511, 12.803956, 13.429892 ] }, { "date": "2024-03-08", "close": 11.290093, "volume": 7680663, "typical_volume": 7733413.8, "trend": 14.011391, "fair_value": 16.59857, "relative_strength": -20.514308, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.023679, "energy": 63.155438, "activity_lines": [ 11.106893, 11.658639, 12.596935, 13.243994 ] }, { "date": "2024-03-15", "close": 11.672018, "volume": 7159972, "typical_volume": 7849045.9, "trend": 13.889982, "fair_value": 16.565175, "relative_strength": -17.57354, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.751158, "energy": 52.859894, "activity_lines": [ 11.353437, 11.550243, 12.443544, 13.093067 ] }, { "date": "2024-03-22", "close": 11.662704, "volume": 7075635, "typical_volume": 7943892.45, "trend": 13.779441, "fair_value": 16.526662, "relative_strength": -17.105275, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.980559, "energy": 42.134052, "activity_lines": [ 11.51428, 11.479955, 12.303815, 12.949371 ] }, { "date": "2024-03-29", "close": 11.625443, "volume": 6910256, "typical_volume": 7608603.65, "trend": 13.663311, "fair_value": 16.49615, "relative_strength": -16.88338, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.167398, "energy": 35.914894, "activity_lines": [ 11.576382, 11.447775, 12.176862, 12.810404 ] }, { "date": "2024-04-05", "close": 12.100521, "volume": 5316040, "typical_volume": 7508830.85, "trend": 13.589099, "fair_value": 16.465502, "relative_strength": -13.97437, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.318313, "energy": 27.853198, "activity_lines": [ 11.775108, 11.54296, 12.106731, 12.709578 ] }, { "date": "2024-04-12", "close": 12.864372, "volume": 8740290, "typical_volume": 7711476.75, "trend": 13.475142, "fair_value": 16.444685, "relative_strength": -6.853007, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.44318, "energy": 18.902537, "activity_lines": [ 12.17318, 11.796843, 12.11995, 12.662822 ] }, { "date": "2024-04-19", "close": 13.516439, "volume": 73618403, "typical_volume": 11180369.8, "trend": 13.390063, "fair_value": 16.424704, "relative_strength": -3.446425, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.211063, "energy": 14.2738, "activity_lines": [ 12.683656, 12.170978, 12.2029, 12.665486 ] }, { "date": "2024-04-26", "close": 12.640805, "volume": 33168607, "typical_volume": 12542436.05, "trend": 13.286664, "fair_value": 16.393807, "relative_strength": -10.195545, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.282251, "energy": 17.362447, "activity_lines": [ 12.779292, 12.329845, 12.207025, 12.617147 ] }, { "date": "2024-05-03", "close": 13.050677, "volume": 15868193, "typical_volume": 13044657.25, "trend": 13.186369, "fair_value": 16.35844, "relative_strength": -7.651179, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.892039, "energy": 17.660761, "activity_lines": [ 12.946346, 12.521909, 12.258037, 12.601922 ] }, { "date": "2024-05-10", "close": 12.61286, "volume": 26250961, "typical_volume": 14040468.6, "trend": 13.07707, "fair_value": 16.315291, "relative_strength": -11.959136, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.241895, "energy": 16.232792, "activity_lines": [ 12.872445, 12.602528, 12.271079, 12.564921 ] }, { "date": "2024-05-17", "close": 13.143829, "volume": 27131446, "typical_volume": 15141701.65, "trend": 13.018074, "fair_value": 16.278114, "relative_strength": -8.105501, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.580686, "energy": 16.056257, "activity_lines": [ 12.941378, 12.755298, 12.341253, 12.569228 ] }, { "date": "2024-05-24", "close": 12.454501, "volume": 13772064, "typical_volume": 15574919.9, "trend": 12.94231, "fair_value": 16.234806, "relative_strength": -10.904323, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.358756, "energy": 9.221288, "activity_lines": [ 12.761904, 12.749032, 12.348484, 12.532869 ] }, { "date": "2024-05-31", "close": 11.765171, "volume": 11294334, "typical_volume": 15840883.6, "trend": 12.831458, "fair_value": 16.19075, "relative_strength": -15.520311, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.863118, "energy": 19.404242, "activity_lines": [ 12.42345, 12.603206, 12.296762, 12.456924 ] }, { "date": "2024-06-07", "close": 11.168995, "volume": 8948752, "typical_volume": 15932861.7, "trend": 12.7352, "fair_value": 16.148134, "relative_strength": -18.531187, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.312987, "energy": 30.201362, "activity_lines": [ 11.944645, 12.347121, 12.199528, 12.349669 ] }, { "date": "2024-06-14", "close": 11.252832, "volume": 4385042, "typical_volume": 15755433.95, "trend": 12.632732, "fair_value": 16.109074, "relative_strength": -17.07273, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.921068, "energy": 42.518987, "activity_lines": [ 11.619232, 12.114578, 12.123188, 12.254032 ] }, { "date": "2024-06-21", "close": 10.638025, "volume": 5128170, "typical_volume": 15537289.85, "trend": 12.505113, "fair_value": 16.059058, "relative_strength": -20.348745, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.025046, "energy": 64.409334, "activity_lines": [ 11.179552, 11.785665, 11.99752, 12.125341 ] }, { "date": "2024-06-28", "close": 10.498297, "volume": 5657124, "typical_volume": 15358705.9, "trend": 12.372526, "fair_value": 16.009817, "relative_strength": -20.199078, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.443282, "energy": 70.542211, "activity_lines": [ 10.860349, 11.471825, 11.869591, 11.995869 ] }, { "date": "2024-07-05", "close": 10.2561, "volume": 3391720, "typical_volume": 14887916.85, "trend": 12.238076, "fair_value": 15.960701, "relative_strength": -21.188125, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.13537, "energy": 72.246006, "activity_lines": [ 10.590828, 11.168826, 11.718285, 11.859326 ] }, { "date": "2024-07-12", "close": 10.759124, "volume": 5078333, "typical_volume": 14503508.25, "trend": 12.135608, "fair_value": 15.917707, "relative_strength": -17.490146, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.296359, "energy": 65.291945, "activity_lines": [ 10.589586, 11.000643, 11.615418, 11.763909 ] }, { "date": "2024-07-19", "close": 10.410029, "volume": 5166350, "typical_volume": 14087117.75, "trend": 12.016225, "fair_value": 15.868253, "relative_strength": -20.024056, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.699456, "energy": 66.669704, "activity_lines": [ 10.499304, 10.810653, 11.481876, 11.652582 ] }, { "date": "2024-07-26", "close": 10.892158, "volume": 10185248, "typical_volume": 14212347.0, "trend": 11.922228, "fair_value": 15.825821, "relative_strength": -13.310639, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.002302, "energy": 49.395528, "activity_lines": [ 10.625918, 10.748374, 11.398354, 11.580061 ] }, { "date": "2024-08-02", "close": 10.705211, "volume": 22350412, "typical_volume": 14971869.0, "trend": 11.817032, "fair_value": 15.783433, "relative_strength": -14.758441, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.624849, "energy": 37.449887, "activity_lines": [ 10.673275, 10.693045, 11.298922, 11.501544 ] }, { "date": "2024-08-09", "close": 10.685532, "volume": 8169530, "typical_volume": 15026563.75, "trend": 11.702175, "fair_value": 15.744106, "relative_strength": -13.177041, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.38264, "energy": 32.242554, "activity_lines": [ 10.700277, 10.665943, 11.20222, 11.428544 ] }, { "date": "2024-08-16", "close": 10.124689, "volume": 5698650, "typical_volume": 14965983.45, "trend": 11.577007, "fair_value": 15.680861, "relative_strength": -17.806946, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.24054, "energy": 42.105624, "activity_lines": [ 10.511703, 10.556499, 11.056757, 11.326771 ] }, { "date": "2024-08-23", "close": 9.701596, "volume": 3425290, "typical_volume": 14871445.95, "trend": 11.460713, "fair_value": 15.616062, "relative_strength": -20.083891, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.508164, "energy": 60.618436, "activity_lines": [ 10.224394, 10.389116, 10.878147, 11.205776 ] }, { "date": "2024-08-30", "close": 9.927902, "volume": 4368170, "typical_volume": 14652839.95, "trend": 11.359726, "fair_value": 15.559089, "relative_strength": -17.372637, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.233908, "energy": 70.105925, "activity_lines": [ 10.059749, 10.291085, 10.732512, 11.106885 ] }, { "date": "2024-09-06", "close": 9.740953, "volume": 3663780, "typical_volume": 11155108.8, "trend": 11.336654, "fair_value": 15.500089, "relative_strength": -16.249316, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.675873, "energy": 78.751251, "activity_lines": [ 9.897071, 10.171974, 10.583057, 11.002448 ] }, { "date": "2024-09-13", "close": 9.406417, "volume": 2703020, "typical_volume": 9631829.45, "trend": 11.304606, "fair_value": 15.442256, "relative_strength": -16.624608, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.09356, "energy": 83.105943, "activity_lines": [ 9.687166, 10.005808, 10.419719, 10.877917 ] }, { "date": "2024-09-20", "close": 9.36706, "volume": 3040300, "typical_volume": 8990434.8, "trend": 11.240194, "fair_value": 15.378625, "relative_strength": -17.305621, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.206169, "energy": 82.069006, "activity_lines": [ 9.549415, 9.847935, 10.268035, 10.752914 ] }, { "date": "2024-09-27", "close": 10.685532, "volume": 13866958, "typical_volume": 8371234.65, "trend": 11.220663, "fair_value": 15.316201, "relative_strength": -15.759587, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.383638, "energy": 45.629566, "activity_lines": [ 9.901664, 9.955094, 10.25946, 10.717129 ] }, { "date": "2024-10-04", "close": 11.659627, "volume": 6314450, "typical_volume": 7330384.85, "trend": 11.232981, "fair_value": 15.266976, "relative_strength": -14.284314, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.946648, "energy": 12.267865, "activity_lines": [ 10.513015, 10.234353, 10.352834, 10.74545 ] }, { "date": "2024-10-11", "close": 11.010229, "volume": 15917712, "typical_volume": 7437667.25, "trend": 11.210921, "fair_value": 15.211601, "relative_strength": -15.397611, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.609914, "energy": 21.62542, "activity_lines": [ 10.792452, 10.381585, 10.391429, 10.731079 ] }, { "date": "2024-10-18", "close": 10.803603, "volume": 15489109, "typical_volume": 7647406.0, "trend": 11.182284, "fair_value": 15.160572, "relative_strength": -17.505729, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -7.087404, "energy": 24.219465, "activity_lines": [ 10.918396, 10.485703, 10.417222, 10.7048 ] }, { "date": "2024-10-25", "close": 11.020069, "volume": 9555504, "typical_volume": 7677743.6, "trend": 11.162105, "fair_value": 15.113331, "relative_strength": -16.184189, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.327364, "energy": 23.961029, "activity_lines": [ 11.023349, 10.627032, 10.46821, 10.694335 ] }, { "date": "2024-11-01", "close": 10.724889, "volume": 12022280, "typical_volume": 8059605.5, "trend": 11.116251, "fair_value": 15.067096, "relative_strength": -17.049319, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.659355, "energy": 16.118265, "activity_lines": [ 10.919708, 10.698412, 10.491795, 10.666127 ] }, { "date": "2024-11-08", "close": 11.689145, "volume": 16056664, "typical_volume": 8606030.2, "trend": 11.077077, "fair_value": 15.023151, "relative_strength": -13.787286, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.797275, "energy": 30.78031, "activity_lines": [ 11.134862, 10.926506, 10.609727, 10.703088 ] }, { "date": "2024-11-15", "close": 11.984325, "volume": 24233170, "typical_volume": 9534832.5, "trend": 11.026006, "fair_value": 14.97849, "relative_strength": -7.880467, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.450193, "energy": 39.115737, "activity_lines": [ 11.446441, 11.176246, 10.750767, 10.76162 ] }, { "date": "2024-11-22", "close": 12.004004, "volume": 43032191, "typical_volume": 11516856.05, "trend": 11.004779, "fair_value": 14.927996, "relative_strength": -5.440345, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.491238, "energy": 42.868205, "activity_lines": [ 11.69964, 11.388776, 10.886605, 10.824717 ] }, { "date": "2024-11-29", "close": 12.230309, "volume": 24507385, "typical_volume": 12488308.65, "trend": 10.977434, "fair_value": 14.885947, "relative_strength": -4.863863, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.857885, "energy": 54.960835, "activity_lines": [ 11.948248, 11.595224, 11.035672, 10.903783 ] }, { "date": "2024-12-06", "close": 12.21063, "volume": 15266952, "typical_volume": 12993338.75, "trend": 10.964026, "fair_value": 14.838432, "relative_strength": -6.659554, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 64.119301, "energy": 64.178217, "activity_lines": [ 12.109613, 11.746034, 11.175859, 10.983344 ] }, { "date": "2024-12-13", "close": 19.668856, "volume": 86502613, "typical_volume": 16809207.0, "trend": 11.181527, "fair_value": 14.836574, "relative_strength": 50.037007, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 97.682539, "energy": 94.129116, "activity_lines": [ 14.658004, 13.225156, 12.017779, 11.544946 ] }, { "date": "2024-12-20", "close": 14.099785, "volume": 112735081, "typical_volume": 21328440.45, "trend": 11.23637, "fair_value": 14.79285, "relative_strength": 8.6229, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.469423, "energy": 72.226595, "activity_lines": [ 14.818057, 13.546098, 12.287518, 11.733221 ] }, { "date": "2024-12-27", "close": 13.342155, "volume": 46310896, "typical_volume": 23235508.75, "trend": 11.288936, "fair_value": 14.734128, "relative_strength": 2.214646, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.310017, "energy": 62.69573, "activity_lines": [ 14.584537, 13.673115, 12.468937, 11.869078 ] }, { "date": "2025-01-03", "close": 12.515651, "volume": 29307020, "typical_volume": 24415927.25, "trend": 11.333824, "fair_value": 14.677725, "relative_strength": 1.906128, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.886237, "energy": 46.922795, "activity_lines": [ 13.986305, 13.603703, 12.55899, 11.948221 ] }, { "date": "2025-01-10", "close": 11.925289, "volume": 33772993, "typical_volume": 25933312.4, "trend": 11.35624, "fair_value": 14.608596, "relative_strength": -1.058224, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.991596, "energy": 19.592241, "activity_lines": [ 13.172263, 13.39976, 12.581433, 11.98638 ] }, { "date": "2025-01-17", "close": 13.657015, "volume": 57881269, "typical_volume": 28608967.35, "trend": 11.456873, "fair_value": 14.557067, "relative_strength": 11.086456, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.484698, "energy": 21.167124, "activity_lines": [ 12.954485, 13.488851, 12.758213, 12.134817 ] }, { "date": "2025-01-24", "close": 12.66324, "volume": 53118349, "typical_volume": 31081695.8, "trend": 11.529037, "fair_value": 14.499125, "relative_strength": 3.060146, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.179215, "energy": 19.362575, "activity_lines": [ 12.806239, 13.361476, 12.822591, 12.212647 ] }, { "date": "2025-01-31", "close": 12.397578, "volume": 4766860, "typical_volume": 31184887.8, "trend": 11.60042, "fair_value": 14.437453, "relative_strength": 1.290125, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.045219, "energy": 17.269403, "activity_lines": [ 12.665208, 13.173455, 12.847752, 12.268682 ] }, { "date": "2025-02-07", "close": 12.919064, "volume": 16091410, "typical_volume": 31837443.3, "trend": 11.672418, "fair_value": 14.375026, "relative_strength": 3.808079, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.291597, "energy": 13.329539, "activity_lines": [ 12.760978, 13.073094, 12.908334, 12.353756 ] }, { "date": "2025-02-14", "close": 15.172274, "volume": 87246169, "typical_volume": 35506403.85, "trend": 11.83116, "fair_value": 14.339377, "relative_strength": 19.784734, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.834788, "energy": 28.685039, "activity_lines": [ 13.580924, 13.369885, 13.166593, 12.579553 ] }, { "date": "2025-02-21", "close": 18.39958, "volume": 65033804, "typical_volume": 38442371.55, "trend": 12.081407, "fair_value": 14.331121, "relative_strength": 42.650709, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 78.337921, "energy": 63.075307, "activity_lines": [ 15.260172, 14.19961, 13.71085, 13.003322 ] }, { "date": "2025-02-28", "close": 18.438936, "volume": 65832695, "typical_volume": 40938120.7, "trend": 12.339198, "fair_value": 14.327588, "relative_strength": 44.133897, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.703762, "energy": 74.471349, "activity_lines": [ 16.636369, 15.059569, 14.226759, 13.413485 ] }, { "date": "2025-03-07", "close": 17.277893, "volume": 28159594, "typical_volume": 41571644.95, "trend": 12.558943, "fair_value": 14.316737, "relative_strength": 32.056009, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.324724, "energy": 72.425001, "activity_lines": [ 17.240504, 15.629535, 14.596719, 13.732111 ] }, { "date": "2025-03-14", "close": 18.39958, "volume": 22735576, "typical_volume": 42230648.55, "trend": 12.834773, "fair_value": 14.315103, "relative_strength": 37.631571, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.885598, "energy": 80.956295, "activity_lines": [ 17.893181, 16.331885, 15.042676, 14.108926 ] }, { "date": "2025-03-21", "close": 21.971264, "volume": 42253733, "typical_volume": 43742221.2, "trend": 13.243762, "fair_value": 14.341457, "relative_strength": 64.829626, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.530758, "energy": 94.780767, "activity_lines": [ 19.371051, 17.576653, 15.793652, 14.698377 ] }, { "date": "2025-03-28", "close": 20.387127, "volume": 27525035, "typical_volume": 44315639.75, "trend": 13.592403, "fair_value": 14.358401, "relative_strength": 51.895621, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.732464, "energy": 85.922112, "activity_lines": [ 19.86761, 18.350741, 16.340204, 15.159239 ] }, { "date": "2025-04-04", "close": 19.413033, "volume": 13819060, "typical_volume": 43794934.25, "trend": 13.914805, "fair_value": 14.377337, "relative_strength": 43.752239, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.366695, "energy": 79.714478, "activity_lines": [ 19.906968, 18.825355, 16.752567, 15.534764 ] }, { "date": "2025-04-11", "close": 17.49436, "volume": 20191520, "typical_volume": 42652900.7, "trend": 14.184403, "fair_value": 14.384926, "relative_strength": 32.973641, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.154347, "energy": 51.62236, "activity_lines": [ 19.241828, 18.828396, 16.946824, 15.765703 ] }, { "date": "2025-04-18", "close": 19.206408, "volume": 14308320, "typical_volume": 42142947.45, "trend": 14.512382, "fair_value": 14.403242, "relative_strength": 43.286693, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.724597, "energy": 43.743328, "activity_lines": [ 19.13294, 19.05005, 17.277988, 16.089703 ] }, { "date": "2025-04-25", "close": 18.025684, "volume": 13927900, "typical_volume": 42075994.85, "trend": 14.757053, "fair_value": 14.413657, "relative_strength": 32.869345, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.879622, "energy": 29.599074, "activity_lines": [ 18.576688, 18.942712, 17.463483, 16.316368 ] }, { "date": "2025-05-02", "close": 18.645565, "volume": 9947690, "typical_volume": 38248248.7, "trend": 14.989918, "fair_value": 14.429702, "relative_strength": 37.160352, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.817083, "energy": 23.827016, "activity_lines": [ 18.490103, 18.896199, 17.680324, 16.56724 ] }, { "date": "2025-05-09", "close": 20.160824, "volume": 17306338, "typical_volume": 33476811.55, "trend": 15.294938, "fair_value": 14.452811, "relative_strength": 44.152315, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.300027, "energy": 31.936316, "activity_lines": [ 19.024707, 19.120715, 18.046348, 16.900846 ] }, { "date": "2025-05-16", "close": 20.810221, "volume": 26724804, "typical_volume": 32497506.95, "trend": 15.628492, "fair_value": 14.474868, "relative_strength": 46.317331, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.427476, "energy": 40.575075, "activity_lines": [ 19.725925, 19.431996, 18.445357, 17.256671 ] }, { "date": "2025-05-23", "close": 20.131304, "volume": 16918815, "typical_volume": 31878096.7, "trend": 15.9322, "fair_value": 14.49071, "relative_strength": 41.078806, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.156088, "energy": 42.934411, "activity_lines": [ 19.979779, 19.555614, 18.744145, 17.547175 ] }, { "date": "2025-05-30", "close": 20.711826, "volume": 13201000, "typical_volume": 30849497.05, "trend": 16.265097, "fair_value": 14.510273, "relative_strength": 43.645404, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.507484, "energy": 54.750192, "activity_lines": [ 20.365481, 19.753295, 19.061956, 17.855538 ] }, { "date": "2025-06-06", "close": 20.583916, "volume": 12640890, "typical_volume": 28587478.1, "trend": 16.56159, "fair_value": 14.531003, "relative_strength": 39.652526, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.973443, "energy": 53.639538, "activity_lines": [ 20.529471, 19.950619, 19.325744, 18.134172 ] }, { "date": "2025-06-13", "close": 20.042751, "volume": 21492705, "typical_volume": 27006195.9, "trend": 16.830204, "fair_value": 14.552279, "relative_strength": 34.991314, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.794845, "energy": 38.870113, "activity_lines": [ 20.383848, 20.045971, 19.505007, 18.358763 ] }, { "date": "2025-06-20", "close": 18.940744, "volume": 11401794, "typical_volume": 27337942.6, "trend": 17.061429, "fair_value": 14.567526, "relative_strength": 27.057405, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.168095, "energy": 28.909614, "activity_lines": [ 19.878762, 19.929509, 19.544177, 18.494926 ] }, { "date": "2025-06-27", "close": 18.1, "volume": 17196410, "typical_volume": 27393192.6, "trend": 17.257085, "fair_value": 14.572374, "relative_strength": 18.240614, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 27.367232, "energy": 15.130132, "activity_lines": [ 19.218059, 19.633887, 19.472118, 18.561931 ] }, { "date": "2025-07-04", "close": 19.059999, "volume": 14290500, "typical_volume": 23745409.15, "trend": 17.485397, "fair_value": 14.587765, "relative_strength": 21.733592, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 27.879606, "energy": 18.447414, "activity_lines": [ 19.012776, 19.532926, 19.466817, 18.678248 ] }, { "date": "2025-07-11", "close": 20.17, "volume": 15611520, "typical_volume": 21274294.95, "trend": 17.502102, "fair_value": 14.603234, "relative_strength": 26.289034, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.488999, "energy": 20.969979, "activity_lines": [ 19.287616, 19.614978, 19.548717, 18.851448 ] }, { "date": "2025-07-18", "close": 17.16, "volume": 54883412, "typical_volume": 20726830.8, "trend": 17.604109, "fair_value": 14.592164, "relative_strength": 6.092052, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -4.742647, "energy": 12.37602, "activity_lines": [ 18.586716, 19.12204, 19.33552, 18.829377 ] }, { "date": "2025-07-25", "close": 16.629999, "volume": 26095620, "typical_volume": 20623632.1, "trend": 17.713704, "fair_value": 14.575007, "relative_strength": 0.758303, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -10.19652, "energy": 21.235443, "activity_lines": [ 17.901333, 18.587298, 19.077936, 18.766531 ] }, { "date": "2025-08-01", "close": 15.94, "volume": 16976570, "typical_volume": 20335681.8, "trend": 17.827849, "fair_value": 14.550956, "relative_strength": -2.830564, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -34.931441, "energy": 49.644605, "activity_lines": [ 17.14, 18.003107, 18.757724, 18.652099 ] }, { "date": "2025-08-08", "close": 16.129999, "volume": 11418464, "typical_volume": 18793918.35, "trend": 17.968006, "fair_value": 14.543844, "relative_strength": -3.987852, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.848823, "energy": 61.660339, "activity_lines": [ 16.585999, 17.529666, 18.467319, 18.54256 ] }, { "date": "2025-08-15", "close": 15.92, "volume": 11152150, "typical_volume": 17975274.1, "trend": 18.043439, "fair_value": 14.537165, "relative_strength": -7.1234, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.949362, "energy": 66.352479, "activity_lines": [ 16.157333, 17.101349, 18.184729, 18.410431 ] }, { "date": "2025-08-22", "close": 16.09, "volume": 17456040, "typical_volume": 18157123.1, "trend": 18.157664, "fair_value": 14.527961, "relative_strength": -9.598975, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.269905, "energy": 63.525402, "activity_lines": [ 16.068666, 16.78874, 17.939603, 18.284402 ] }, { "date": "2025-08-29", "close": 15.16, "volume": 19767381, "typical_volume": 18135916.15, "trend": 18.249745, "fair_value": 14.518016, "relative_strength": -15.6865, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -73.618458, "energy": 76.481491, "activity_lines": [ 15.741333, 16.378909, 17.621728, 18.091005 ] }, { "date": "2025-09-05", "close": 15.5, "volume": 16268399, "typical_volume": 18233920.1, "trend": 18.335776, "fair_value": 14.509563, "relative_strength": -12.963968, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.248688, "energy": 70.837034, "activity_lines": [ 15.625333, 16.099636, 17.347351, 17.913602 ] }, { "date": "2025-09-12", "close": 15.35, "volume": 11231043, "typical_volume": 18099077.25, "trend": 18.3417, "fair_value": 14.500893, "relative_strength": -15.269668, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.289747, "energy": 63.744079, "activity_lines": [ 15.488667, 15.840363, 17.076338, 17.720971 ] }, { "date": "2025-09-19", "close": 15.06, "volume": 12047060, "typical_volume": 18204045.75, "trend": 18.230381, "fair_value": 14.495529, "relative_strength": -15.950777, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.944297, "energy": 67.715608, "activity_lines": [ 15.307333, 15.595818, 16.790446, 17.509248 ] }, { "date": "2025-09-26", "close": 14.66, "volume": 9142421, "typical_volume": 17795849.9, "trend": 18.104417, "fair_value": 14.487486, "relative_strength": -18.477736, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.426261, "energy": 71.006006, "activity_lines": [ 15.05, 15.371454, 16.483534, 17.278901 ] }, { "date": "2025-10-03", "close": 15.05, "volume": 4198650, "typical_volume": 16669542.2, "trend": 18.030153, "fair_value": 14.483492, "relative_strength": -17.616075, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.667789, "energy": 67.520156, "activity_lines": [ 15.018, 15.263455, 16.239959, 17.081842 ] }, { "date": "2025-10-10", "close": 14.99, "volume": 4760000, "typical_volume": 16061601.45, "trend": 17.916501, "fair_value": 14.482614, "relative_strength": -18.386288, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.292399, "energy": 67.327901, "activity_lines": [ 14.973333, 15.173273, 16.018099, 16.885703 ] }, { "date": "2025-10-17", "close": 15.17, "volume": 12279380, "typical_volume": 16015520.45, "trend": 17.689792, "fair_value": 14.478815, "relative_strength": -16.392092, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.164903, "energy": 80.062571, "activity_lines": [ 15.022667, 15.133091, 15.837865, 16.70851 ] }, { "date": "2025-10-24", "close": 15.56, "volume": 12892910, "typical_volume": 16028121.45, "trend": 17.528888, "fair_value": 14.479124, "relative_strength": -16.845514, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.651983, "energy": 53.581697, "activity_lines": [ 15.214, 15.181273, 15.721163, 16.571104 ] }, { "date": "2025-10-31", "close": 15.49, "volume": 8909025, "typical_volume": 15398937.45, "trend": 17.39812, "fair_value": 14.484262, "relative_strength": -17.527288, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.724224, "energy": 42.133252, "activity_lines": [ 15.348667, 15.223273, 15.621718, 16.439562 ] }, { "date": "2025-11-07", "close": 15.99, "volume": 14764626, "typical_volume": 15567079.05, "trend": 17.347975, "fair_value": 14.497884, "relative_strength": -15.984831, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.989467, "energy": 27.603816, "activity_lines": [ 15.594667, 15.367091, 15.591571, 16.348716 ] }, { "date": "2025-11-14", "close": 16.440001, "volume": 41086170, "typical_volume": 16761567.05, "trend": 17.255761, "fair_value": 14.51726, "relative_strength": -13.64947, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.024842, "energy": 23.727382, "activity_lines": [ 15.928, 15.577637, 15.618333, 16.290137 ] }, { "date": "2025-11-21", "close": 15.77, "volume": 30832968, "typical_volume": 17588690.45, "trend": 17.180572, "fair_value": 14.529357, "relative_strength": -13.95969, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.767406, "energy": 18.731745, "activity_lines": [ 15.941334, 15.649273, 15.589191, 16.194282 ] }, { "date": "2025-11-28", "close": 15.96, "volume": 26484047, "typical_volume": 18132316.8, "trend": 17.091053, "fair_value": 14.53986, "relative_strength": -14.273172, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.911849, "energy": 17.750384, "activity_lines": [ 15.978, 15.747818, 15.59381, 16.115535 ] }, { "date": "2025-12-05", "close": 14.87, "volume": 14475820, "typical_volume": 16111937.2, "trend": 16.914692, "fair_value": 14.544352, "relative_strength": -20.490029, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.526572, "energy": 22.456056, "activity_lines": [ 15.624667, 15.631818, 15.514667, 15.972241 ] }, { "date": "2025-12-12", "close": 14.63, "volume": 17821764, "typical_volume": 15698244.4, "trend": 16.708685, "fair_value": 14.547707, "relative_strength": -20.855477, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.314862, "energy": 36.550732, "activity_lines": [ 15.232667, 15.468364, 15.423571, 15.824842 ] }, { "date": "2025-12-19", "close": 14.87, "volume": 10751910, "typical_volume": 15387011.4, "trend": 16.533308, "fair_value": 14.549158, "relative_strength": -19.461264, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.838152, "energy": 40.808826, "activity_lines": [ 15.011333, 15.356182, 15.364857, 15.706217 ] }, { "date": "2025-12-26", "close": 15.54, "volume": 21585947, "typical_volume": 15895385.55, "trend": 16.360914, "fair_value": 14.55169, "relative_strength": -17.386318, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.200346, "energy": 36.118395, "activity_lines": [ 15.118, 15.368, 15.375048, 15.642133 ] }, { "date": "2026-01-02", "close": 15.74, "volume": 8300870, "typical_volume": 15752821.55, "trend": 16.19945, "fair_value": 14.558316, "relative_strength": -16.455142, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.579702, "energy": 21.60498, "activity_lines": [ 15.306667, 15.409455, 15.407095, 15.602074 ] }, { "date": "2026-01-09", "close": 16.73, "volume": 33553498, "typical_volume": 16557694.45, "trend": 16.089025, "fair_value": 14.576165, "relative_strength": -14.569894, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.049131, "energy": 8.398965, "activity_lines": [ 15.84, 15.627636, 15.534286, 15.636303 ] }, { "date": "2026-01-16", "close": 17.25, "volume": 25216552, "typical_volume": 16830153.0, "trend": 16.032667, "fair_value": 14.601709, "relative_strength": -11.514367, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.568862, "energy": 30.029583, "activity_lines": [ 16.422667, 15.917818, 15.707952, 15.711204 ] }, { "date": "2026-01-23", "close": 17.549999, "volume": 22784671, "typical_volume": 17155966.6, "trend": 16.014333, "fair_value": 14.618216, "relative_strength": -10.84717, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 41.448068, "energy": 52.268419, "activity_lines": [ 16.930666, 16.239636, 15.900238, 15.809097 ] }, { "date": "2026-01-30", "close": 15.08, "volume": 38779448, "typical_volume": 18533386.85, "trend": 15.881667, "fair_value": 14.614185, "relative_strength": -23.008475, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 13.374653, "energy": 27.872178, "activity_lines": [ 16.436666, 16.092182, 15.847524, 15.748817 ] }, { "date": "2026-02-06", "close": 15.18, "volume": 14383749, "typical_volume": 18650221.3, "trend": 15.715333, "fair_value": 14.614008, "relative_strength": -21.443549, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.161978, "energy": 9.14463, "activity_lines": [ 16.006666, 15.975454, 15.805619, 15.703548 ] }, { "date": "2026-02-13", "close": 14.18, "volume": 16713570, "typical_volume": 19028778.75, "trend": 15.616, "fair_value": 14.608052, "relative_strength": -26.600258, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.615146, "energy": 17.552197, "activity_lines": [ 15.280667, 15.691091, 15.667905, 15.604495 ] }, { "date": "2026-02-27", "close": 14.4, "volume": 11676860, "typical_volume": 19402689.25, "trend": 15.541667, "fair_value": 14.6019, "relative_strength": -26.313746, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.873054, "energy": 31.320506, "activity_lines": [ 14.798, 15.459273, 15.553429, 15.526043 ] }, { "date": "2026-03-06", "close": 14.3, "volume": 17005380, "typical_volume": 20014958.25, "trend": 15.487, "fair_value": 14.584491, "relative_strength": -25.502728, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -58.732362, "energy": 50.586599, "activity_lines": [ 14.472, 15.213454, 15.432524, 15.445935 ] }, { "date": "2026-03-13", "close": 14.31, "volume": 13817402, "typical_volume": 20091859.35, "trend": 15.426333, "fair_value": 14.563762, "relative_strength": -24.418662, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.325477, "energy": 59.341883, "activity_lines": [ 14.366, 14.979818, 15.315857, 15.37 ] }, { "date": "2026-03-20", "close": 15.05, "volume": 21533750, "typical_volume": 20523901.35, "trend": 15.397333, "fair_value": 14.54835, "relative_strength": -17.18672, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.535519, "energy": 45.217472, "activity_lines": [ 14.558, 14.903091, 15.273762, 15.34572 ] }, { "date": "2026-03-27", "close": 15.65, "volume": 20641589, "typical_volume": 21110529.55, "trend": 15.382667, "fair_value": 14.54803, "relative_strength": -11.999209, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.638447, "energy": 17.897658, "activity_lines": [ 14.958667, 14.948, 15.291238, 15.362021 ] }, { "date": "2026-04-03", "close": 14.34, "volume": 13316611, "typical_volume": 21038128.8, "trend": 15.355333, "fair_value": 14.542239, "relative_strength": -17.836366, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.34754, "energy": 21.125636, "activity_lines": [ 14.824667, 14.774364, 15.18319, 15.294753 ] }, { "date": "2026-04-10", "close": 15.6, "volume": 14901388, "typical_volume": 19728889.7, "trend": 15.358667, "fair_value": 14.541943, "relative_strength": -12.285921, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.645519, "energy": 13.818917, "activity_lines": [ 15.114667, 14.882727, 15.203, 15.310538 ] }, { "date": "2026-04-17", "close": 15.12, "volume": 30612864, "typical_volume": 19717884.5, "trend": 15.351, "fair_value": 14.539718, "relative_strength": -15.746348, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.031502, "energy": 14.192605, "activity_lines": [ 15.158, 14.939273, 15.181095, 15.29514 ] }, { "date": "2026-04-24", "close": 15.74, "volume": 32993713, "typical_volume": 20043367.8, "trend": 15.373667, "fair_value": 14.538827, "relative_strength": -12.139408, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.720431, "energy": 9.811017, "activity_lines": [ 15.354, 15.107818, 15.221333, 15.320237 ] }, { "date": "2026-05-01", "close": 16.68, "volume": 23305195, "typical_volume": 20484836.55, "trend": 15.441, "fair_value": 14.547463, "relative_strength": -7.047009, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.475819, "energy": 20.622029, "activity_lines": [ 15.817333, 15.437091, 15.352143, 15.404516 ] }, { "date": "2026-05-08", "close": 18.18, "volume": 10528225, "typical_volume": 20120159.6, "trend": 15.545333, "fair_value": 14.568754, "relative_strength": 0.259631, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 76.583328, "energy": 65.782868, "activity_lines": [ 16.712, 15.993636, 15.61719, 15.581226 ] }, { "date": "2026-05-15", "close": 18.450001, "volume": 22628862, "typical_volume": 20714007.2, "trend": 15.660667, "fair_value": 14.590572, "relative_strength": 3.566409, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.163701, "energy": 74.966281, "activity_lines": [ 17.440667, 16.530546, 15.891048, 15.768624 ] }, { "date": "2026-05-22", "close": 16.389999, "volume": 22224491, "typical_volume": 20745934.4, "trend": 15.701333, "fair_value": 14.599299, "relative_strength": -6.578707, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.80301, "energy": 65.720795, "activity_lines": [ 17.292667, 16.617455, 15.951667, 15.815677 ] }, { "date": "2026-05-29", "close": 15.9, "volume": 17204245, "typical_volume": 21191103.15, "trend": 15.712667, "fair_value": 14.606434, "relative_strength": -7.506746, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.005675, "energy": 51.552841, "activity_lines": [ 16.896667, 16.577455, 15.961571, 15.828495 ] }, { "date": "2026-06-05", "close": 16.58, "volume": 1427790, "typical_volume": 19584817.75, "trend": 15.749, "fair_value": 14.617297, "relative_strength": -1.646255, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.429161, "energy": 28.641575, "activity_lines": [ 16.716667, 16.645636, 16.035476, 15.884452 ] }, { "date": "2026-06-12", "close": 15.92, "volume": 1135700, "typical_volume": 18380775.15, "trend": 15.746667, "fair_value": 14.624044, "relative_strength": -4.716764, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 33.080702, "energy": 19.112595, "activity_lines": [ 16.323333, 16.576909, 16.047238, 15.895484 ] }, { "date": "2026-06-19", "close": 14.58, "volume": 8772880, "typical_volume": 17680185.6, "trend": 15.684667, "fair_value": 14.62071, "relative_strength": -13.038181, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.361999, "energy": 15.794308, "activity_lines": [ 15.634, 16.235818, 15.937714, 15.820215 ] }, { "date": "2026-06-26", "close": 15.09, "volume": 2877600, "typical_volume": 15885093.2, "trend": 15.662, "fair_value": 14.622595, "relative_strength": -7.765473, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.439405, "energy": 15.080589, "activity_lines": [ 15.372667, 16.006, 15.890905, 15.781849 ] }, { "date": "2026-07-03", "close": 12.18, "volume": 5388520, "typical_volume": 15435331.75, "trend": 15.536, "fair_value": 14.603188, "relative_strength": -25.047041, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -42.999453, "energy": 50.340095, "activity_lines": [ 14.228, 15.247636, 15.566905, 15.557204 ] }, { "date": "2026-07-10", "close": 10.3, "volume": 18884595, "typical_volume": 15543883.0, "trend": 15.383667, "fair_value": 14.57454, "relative_strength": -34.956771, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -88.210418, "energy": 85.258074, "activity_lines": [ 12.704667, 14.212182, 15.078143, 15.219398 ] }, { "date": "2026-07-17", "close": 9.95, "volume": 8779211, "typical_volume": 15399000.55, "trend": 15.227667, "fair_value": 14.539633, "relative_strength": -32.274419, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.706117, "energy": 92.370687, "activity_lines": [ 11.483333, 13.229091, 14.574524, 14.868839 ] }, { "date": "2026-07-24", "close": 9.26, "volume": 7056760, "typical_volume": 14901569.55, "trend": 15.040667, "fair_value": 14.501851, "relative_strength": -37.045016, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.268932, "energy": 94.261299, "activity_lines": [ 10.43, 12.270182, 14.026381, 14.483828 ] }, { "date": "2026-07-31", "close": 10.3, "volume": 5307263, "typical_volume": 14476062.6, "trend": 14.866, "fair_value": 14.469933, "relative_strength": -29.623749, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.156094, "energy": 88.167815, "activity_lines": [ 10.078, 11.667455, 13.601286, 14.177978 ] }, { "date": "2026-08-07", "close": 11.77, "volume": 8414641, "typical_volume": 13820107.15, "trend": 14.733667, "fair_value": 14.445603, "relative_strength": -21.188126, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.850333, "energy": 82.851174, "activity_lines": [ 10.535333, 11.442727, 13.335286, 13.978237 ] } ], "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." } } }