{ "ticker": { "uuid": "67b60fe4-7883-4ece-acc0-5d9b4f6dbde4", "symbol": "8908", "name": "ShinHsiung Natural Gas 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": 4, "stage_name": "Declining", "phase": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 61.538, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -52.263, "architecture_energy": 37.565, "architecture_maturity": 9.326, "architecture_confidence": 88.124, "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": 40.58, "rotation_up": 14.98, "upward_expansion": 5.15, "deceleration": 45.88, "rotation_down": 53.56, "downward_expansion": 76.15 }, "activity_lines": [ 39.660001, 39.867274, 40.295953, 40.424622 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 39.900002, "trend_reference": 40.572492, "distance_from_trend": -0.016575, "trend_direction": "Weakening", "fair_value": 43.810001, "distance_from_fair_value": -0.089249, "fair_value_direction": "Improving", "relative_strength": -30.528691, "relative_strength_direction": "Improving", "price_momentum": 0.003964, "excess_performance": -0.437408, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.016575, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.017452, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.089249, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.013006, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.305287, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.028075, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.003964, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.734707, "read": "Demand-led" } ], "volume": { "latest": 125281, "relative_activity": 0.177944, "balance": 1.734707, "dry_up": 0.291615, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.033545, "annualized_volatility": 0.193493, "from_high_reference": -0.174385, "from_low_reference": 0.036364 }, "levels": { "trend_reference": 40.572492, "fair_value_reference": 43.810001, "structural_low": 38.5, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 23, "median_return": -0.008623, "positive_rate": 0.391304, "directional_follow_through": 0.565217, "median_excess_return": -0.03565, "regime_survival": 0.73913, "best_return": 0.089172, "worst_return": -0.052044, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.026801, "positive_rate": 0.444444, "directional_follow_through": 0.555556, "median_excess_return": -0.110587, "regime_survival": 0.444444, "best_return": 0.124204, "worst_return": -0.09772, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.06657, "positive_rate": 0.2, "directional_follow_through": 0.8, "median_excess_return": -0.119832, "regime_survival": 0.6, "best_return": 0.151168, "worst_return": -0.121902, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.013411, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.270273, "regime_survival": 0.333333, "best_return": 0.087411, "worst_return": -0.129644, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-04-12", "end": "2024-05-10", "tenure": "Developing", "return": -0.026502, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-05-17", "end": "2024-09-27", "tenure": "Established", "return": -0.024453, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-04", "end": "2024-11-22", "tenure": "Developing", "return": -0.016293, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-29", "end": "2025-02-21", "tenure": "Developing", "return": -0.004154, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-28", "end": "2025-04-04", "tenure": "Developing", "return": -0.079397, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-07-18", "tenure": "Established", "return": 0.031439, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-25", "end": "2025-11-07", "tenure": "Established", "return": 0.043524, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-14", "end": "2026-01-09", "tenure": "Developing", "return": -0.018182, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-01-16", "end": "2026-02-13", "tenure": "Developing", "return": -0.031286, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-02-27", "end": "2026-03-06", "tenure": "New", "return": 0.081409, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-13", "end": "2026-06-12", "tenure": "Established", "return": 0.03421, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-06-19", "end": "2026-07-03", "tenure": "New", "return": -0.040332, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-10", "end": "2026-07-17", "tenure": "New", "return": 0.002554, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-24", "end": "2026-08-14", "tenure": "New", "return": 0.019157, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 52.411228, "volume": 188451, "typical_volume": 226997.75, "trend": 53.138268, "fair_value": 41.667528, "relative_strength": -7.658919, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.718453, "energy": 60.309983, "activity_lines": [ 52.396126, 52.521078, 52.800701, 53.062364 ] }, { "date": "2023-08-18", "close": 52.411228, "volume": 69750, "typical_volume": 213292.15, "trend": 53.192296, "fair_value": 41.847645, "relative_strength": -6.298542, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.447697, "energy": 47.706158, "activity_lines": [ 52.396125, 52.478511, 52.73489, 53.015458 ] }, { "date": "2023-08-25", "close": 52.864353, "volume": 128488, "typical_volume": 213047.35, "trend": 53.248979, "fair_value": 42.030005, "relative_strength": -5.933802, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.784733, "energy": 24.846466, "activity_lines": [ 52.567305, 52.527943, 52.721584, 52.9943 ] }, { "date": "2023-09-01", "close": 53.846115, "volume": 231281, "typical_volume": 203196.4, "trend": 53.291083, "fair_value": 42.213033, "relative_strength": -4.992787, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -1.368176, "energy": 11.562325, "activity_lines": [ 53.015392, 52.758623, 52.807533, 53.032825 ] }, { "date": "2023-09-08", "close": 54.29924, "volume": 261873, "typical_volume": 202645.7, "trend": 53.343312, "fair_value": 42.391686, "relative_strength": -3.561187, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 39.596909, "energy": 38.395579, "activity_lines": [ 53.513827, 53.055212, 52.934838, 53.097868 ] }, { "date": "2023-09-15", "close": 55.326321, "volume": 574812, "typical_volume": 216212.25, "trend": 53.432267, "fair_value": 42.559716, "relative_strength": -3.379642, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 49.737976, "energy": 62.157764, "activity_lines": [ 54.23379, 53.512455, 53.157444, 53.225804 ] }, { "date": "2023-09-22", "close": 54.495598, "volume": 144618, "typical_volume": 216100.9, "trend": 53.463654, "fair_value": 42.720624, "relative_strength": -1.180211, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.470202, "energy": 58.201042, "activity_lines": [ 54.482505, 53.769774, 53.291008, 53.294406 ] }, { "date": "2023-09-29", "close": 54.495598, "volume": 82321, "typical_volume": 203819.25, "trend": 53.500021, "fair_value": 42.881533, "relative_strength": -0.940087, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.102954, "energy": 63.937313, "activity_lines": [ 54.592263, 53.994689, 53.421119, 53.360983 ] }, { "date": "2023-10-06", "close": 53.831017, "volume": 151293, "typical_volume": 191559.75, "trend": 53.422115, "fair_value": 43.035977, "relative_strength": -2.78888, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.290456, "energy": 43.405424, "activity_lines": [ 54.371744, 54.05538, 53.485563, 53.382337 ] }, { "date": "2023-10-13", "close": 53.664871, "volume": 92333, "typical_volume": 184122.9, "trend": 53.388465, "fair_value": 43.190091, "relative_strength": -4.301391, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 52.580062, "energy": 31.539713, "activity_lines": [ 54.096849, 54.058676, 53.52994, 53.397999 ] }, { "date": "2023-10-20", "close": 51.754204, "volume": 305927, "typical_volume": 186998.65, "trend": 53.301114, "fair_value": 43.330855, "relative_strength": -5.440633, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -23.970738, "energy": 19.918841, "activity_lines": [ 53.227357, 53.693157, 53.388897, 53.292563 ] }, { "date": "2023-10-27", "close": 50.425037, "volume": 430525, "typical_volume": 201182.7, "trend": 53.169456, "fair_value": 43.462732, "relative_strength": -5.868959, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -68.045829, "energy": 49.181276, "activity_lines": [ 52.15295, 53.097917, 53.127272, 53.107009 ] }, { "date": "2023-11-03", "close": 51.172695, "volume": 554010, "typical_volume": 214994.1, "trend": 53.07279, "fair_value": 43.600136, "relative_strength": -6.237896, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.216513, "energy": 50.881116, "activity_lines": [ 51.599133, 52.674728, 52.948828, 52.978186 ] }, { "date": "2023-11-10", "close": 51.006554, "volume": 161306, "typical_volume": 218960.0, "trend": 52.990724, "fair_value": 43.736107, "relative_strength": -7.229598, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.167861, "energy": 68.054044, "activity_lines": [ 51.211463, 52.252089, 52.763336, 52.844881 ] }, { "date": "2023-11-17", "close": 50.923477, "volume": 201355, "typical_volume": 221746.75, "trend": 52.89582, "fair_value": 43.873015, "relative_strength": -10.003002, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.700304, "energy": 72.407734, "activity_lines": [ 50.984398, 51.865973, 52.579138, 52.71151 ] }, { "date": "2023-11-24", "close": 50.009678, "volume": 311490, "typical_volume": 226001.95, "trend": 52.788078, "fair_value": 44.005168, "relative_strength": -11.840671, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.852884, "energy": 72.306652, "activity_lines": [ 50.635492, 51.37509, 52.317154, 52.525307 ] }, { "date": "2023-12-01", "close": 50.092751, "volume": 317053, "typical_volume": 232982.75, "trend": 52.665483, "fair_value": 44.136384, "relative_strength": -12.272375, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.134064, "energy": 70.395412, "activity_lines": [ 50.43058, 50.995977, 52.075596, 52.351415 ] }, { "date": "2023-12-08", "close": 49.926605, "volume": 301478, "typical_volume": 236798.55, "trend": 52.529798, "fair_value": 44.265432, "relative_strength": -12.010557, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.24371, "energy": 68.754092, "activity_lines": [ 50.192438, 50.666707, 51.830694, 52.174713 ] }, { "date": "2023-12-15", "close": 49.262024, "volume": 518409, "typical_volume": 256233.45, "trend": 52.407203, "fair_value": 44.390221, "relative_strength": -14.315399, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.473564, "energy": 76.141179, "activity_lines": [ 49.815842, 50.299677, 51.532891, 51.963889 ] }, { "date": "2023-12-22", "close": 48.846664, "volume": 269215, "typical_volume": 264799.4, "trend": 52.270762, "fair_value": 44.509776, "relative_strength": -14.336759, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.367616, "energy": 82.838994, "activity_lines": [ 49.417094, 49.9402, 51.210167, 51.734177 ] }, { "date": "2023-12-29", "close": 48.431297, "volume": 351539, "typical_volume": 272953.8, "trend": 52.117959, "fair_value": 44.626301, "relative_strength": -16.253015, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.804224, "energy": 84.375983, "activity_lines": [ 49.018345, 49.592805, 50.865218, 51.486469 ] }, { "date": "2024-01-05", "close": 48.597443, "volume": 175769, "typical_volume": 278254.75, "trend": 51.973211, "fair_value": 44.746462, "relative_strength": -13.596541, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.259635, "energy": 81.182841, "activity_lines": [ 48.780203, 49.336035, 50.555044, 51.259339 ] }, { "date": "2024-01-12", "close": 48.265156, "volume": 177993, "typical_volume": 280730.0, "trend": 51.81487, "fair_value": 44.864861, "relative_strength": -13.770837, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.277845, "energy": 81.796975, "activity_lines": [ 48.530986, 49.052078, 50.231385, 51.02011 ] }, { "date": "2024-01-19", "close": 47.268284, "volume": 469460, "typical_volume": 292638.95, "trend": 51.625817, "fair_value": 44.978338, "relative_strength": -15.976867, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.068486, "energy": 87.092649, "activity_lines": [ 48.060242, 48.639736, 49.834686, 50.726782 ] }, { "date": "2024-01-26", "close": 46.769848, "volume": 288128, "typical_volume": 293951.7, "trend": 51.422667, "fair_value": 45.090457, "relative_strength": -17.900811, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.44786, "energy": 91.406038, "activity_lines": [ 47.556268, 48.204738, 49.421841, 50.413494 ] }, { "date": "2024-02-02", "close": 46.52063, "volume": 214705, "typical_volume": 275946.35, "trend": 51.218761, "fair_value": 45.204652, "relative_strength": -18.237268, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.817534, "energy": 93.88775, "activity_lines": [ 47.107677, 47.799948, 49.021115, 50.097233 ] }, { "date": "2024-02-09", "close": 46.022198, "volume": 55623, "typical_volume": 271496.6, "trend": 50.995724, "fair_value": 45.313447, "relative_strength": -18.858807, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.587508, "energy": 94.497666, "activity_lines": [ 46.620319, 47.367971, 48.614851, 49.761971 ] }, { "date": "2024-02-16", "close": 46.769848, "volume": 184670, "typical_volume": 276614.05, "trend": 50.817748, "fair_value": 45.425933, "relative_strength": -19.366544, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.210439, "energy": 87.512933, "activity_lines": [ 46.55386, 47.145941, 48.320141, 49.489334 ] }, { "date": "2024-02-23", "close": 49.095879, "volume": 507285, "typical_volume": 294413.65, "trend": 50.709753, "fair_value": 45.55333, "relative_strength": -16.177558, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.214971, "energy": 57.037566, "activity_lines": [ 47.362433, 47.404221, 48.283747, 49.378246 ] }, { "date": "2024-03-01", "close": 47.102139, "volume": 213592, "typical_volume": 300476.6, "trend": 50.530266, "fair_value": 45.667946, "relative_strength": -19.312585, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.980147, "energy": 45.820482, "activity_lines": [ 47.384585, 47.303023, 48.080021, 49.145496 ] }, { "date": "2024-03-08", "close": 46.271416, "volume": 506174, "typical_volume": 310488.95, "trend": 50.325606, "fair_value": 45.778706, "relative_strength": -23.528377, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.012969, "energy": 43.320708, "activity_lines": [ 47.107678, 47.082504, 47.82843, 48.870732 ] }, { "date": "2024-03-15", "close": 48.763588, "volume": 420512, "typical_volume": 309988.3, "trend": 50.204018, "fair_value": 45.905075, "relative_strength": -18.444708, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.441078, "energy": 23.566596, "activity_lines": [ 47.678108, 47.354377, 47.840298, 48.769956 ] }, { "date": "2024-03-22", "close": 47.683647, "volume": 200243, "typical_volume": 292299.95, "trend": 50.031327, "fair_value": 46.023418, "relative_strength": -21.879255, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.972601, "energy": 25.622953, "activity_lines": [ 47.705799, 47.426877, 47.757225, 48.607352 ] }, { "date": "2024-03-29", "close": 48.43362, "volume": 222493, "typical_volume": 295359.3, "trend": 49.850911, "fair_value": 46.137387, "relative_strength": -20.380903, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.992303, "energy": 17.400256, "activity_lines": [ 47.922562, 47.646308, 47.762193, 48.504274 ] }, { "date": "2024-04-05", "close": 48.602085, "volume": 147957, "typical_volume": 292689.4, "trend": 49.661006, "fair_value": 46.247294, "relative_strength": -19.745894, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.663673, "energy": 15.606145, "activity_lines": [ 48.239629, 47.875182, 47.795458, 48.423705 ] }, { "date": "2024-04-12", "close": 47.675529, "volume": 150181, "typical_volume": 284623.95, "trend": 49.405979, "fair_value": 46.345017, "relative_strength": -22.259597, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.440329, "energy": 12.107685, "activity_lines": [ 48.147848, 47.902277, 47.751533, 48.295609 ] }, { "date": "2024-04-19", "close": 47.170135, "volume": 311489, "typical_volume": 284345.75, "trend": 49.161797, "fair_value": 46.44246, "relative_strength": -17.768684, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.456493, "energy": 16.1908, "activity_lines": [ 47.793996, 47.816484, 47.67059, 48.151361 ] }, { "date": "2024-04-26", "close": 47.001671, "volume": 170206, "typical_volume": 277782.15, "trend": 48.912, "fair_value": 46.539563, "relative_strength": -19.911836, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.257291, "energy": 23.001513, "activity_lines": [ 47.490218, 47.67919, 47.58752, 48.011998 ] }, { "date": "2024-05-03", "close": 46.917439, "volume": 241405, "typical_volume": 263931.95, "trend": 48.681547, "fair_value": 46.639455, "relative_strength": -20.284753, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.449739, "energy": 31.196707, "activity_lines": [ 47.203828, 47.522366, 47.510357, 47.883317 ] }, { "date": "2024-05-10", "close": 46.412045, "volume": 319277, "typical_volume": 266435.05, "trend": 48.439786, "fair_value": 46.735367, "relative_strength": -21.940793, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.293138, "energy": 46.863887, "activity_lines": [ 46.850053, 47.31326, 47.396225, 47.736897 ] }, { "date": "2024-05-17", "close": 46.159348, "volume": 246966, "typical_volume": 261206.4, "trend": 48.253291, "fair_value": 46.833359, "relative_strength": -23.810829, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.785421, "energy": 53.220361, "activity_lines": [ 46.558048, 47.070757, 47.269621, 47.589772 ] }, { "date": "2024-05-24", "close": 46.833206, "volume": 601845, "typical_volume": 282510.2, "trend": 48.133563, "fair_value": 46.93826, "relative_strength": -23.262207, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.89619, "energy": 46.813491, "activity_lines": [ 46.59174, 46.952811, 47.218012, 47.498154 ] }, { "date": "2024-05-31", "close": 46.159348, "volume": 431637, "typical_volume": 295192.4, "trend": 47.966452, "fair_value": 47.039951, "relative_strength": -22.445817, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.90443, "energy": 46.337071, "activity_lines": [ 46.423276, 46.747443, 47.110628, 47.370785 ] }, { "date": "2024-06-07", "close": 46.24358, "volume": 215817, "typical_volume": 282510.25, "trend": 47.807686, "fair_value": 47.141072, "relative_strength": -24.207523, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.062434, "energy": 39.771772, "activity_lines": [ 46.339043, 46.585104, 47.021293, 47.259632 ] }, { "date": "2024-06-14", "close": 46.075111, "volume": 152407, "typical_volume": 275724.2, "trend": 47.646074, "fair_value": 47.239633, "relative_strength": -26.133869, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.58635, "energy": 40.826511, "activity_lines": [ 46.243579, 46.431953, 46.920793, 47.147853 ] }, { "date": "2024-06-21", "close": 45.738186, "volume": 295914, "typical_volume": 279784.65, "trend": 47.503691, "fair_value": 47.337884, "relative_strength": -28.483794, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.442844, "energy": 50.375807, "activity_lines": [ 46.058268, 46.263489, 46.791513, 47.024764 ] }, { "date": "2024-06-28", "close": 45.485489, "volume": 287014, "typical_volume": 291354.2, "trend": 47.350115, "fair_value": 47.433776, "relative_strength": -27.613831, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.894405, "energy": 55.368155, "activity_lines": [ 45.816802, 46.084304, 46.641893, 46.894557 ] }, { "date": "2024-07-05", "close": 45.65395, "volume": 182444, "typical_volume": 291242.9, "trend": 47.207693, "fair_value": 47.530377, "relative_strength": -28.346401, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.075305, "energy": 54.702975, "activity_lines": [ 45.721338, 45.966378, 46.510873, 46.785127 ] }, { "date": "2024-07-12", "close": 45.31702, "volume": 191344, "typical_volume": 275445.85, "trend": 47.076193, "fair_value": 47.623339, "relative_strength": -29.366697, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.794573, "energy": 58.597167, "activity_lines": [ 45.547257, 45.811696, 46.353077, 46.663148 ] }, { "date": "2024-07-19", "close": 44.980091, "volume": 164644, "typical_volume": 272998.45, "trend": 46.947308, "fair_value": 47.716361, "relative_strength": -26.10113, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.265087, "energy": 65.574809, "activity_lines": [ 45.322637, 45.624853, 46.181188, 46.527916 ] }, { "date": "2024-07-26", "close": 44.306236, "volume": 165757, "typical_volume": 255977.6, "trend": 46.809806, "fair_value": 47.802474, "relative_strength": -24.179262, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.878128, "energy": 73.289849, "activity_lines": [ 44.9464, 45.341526, 45.955227, 46.357524 ] }, { "date": "2024-08-02", "close": 44.137772, "volume": 181331, "typical_volume": 244018.55, "trend": 46.66115, "fair_value": 47.885287, "relative_strength": -22.17839, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.486741, "energy": 74.391395, "activity_lines": [ 44.609471, 45.061263, 45.72258, 46.185135 ] }, { "date": "2024-08-09", "close": 42.958519, "volume": 360438, "typical_volume": 252028.3, "trend": 46.484262, "fair_value": 47.960542, "relative_strength": -23.00799, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.375083, "energy": 84.26608, "activity_lines": [ 43.969306, 44.615597, 45.399651, 45.946255 ] }, { "date": "2024-08-16", "close": 43.042747, "volume": 176880, "typical_volume": 249747.65, "trend": 46.343411, "fair_value": 48.023759, "relative_strength": -25.190683, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.104852, "energy": 85.166894, "activity_lines": [ 43.536913, 44.243443, 45.107244, 45.724222 ] }, { "date": "2024-08-23", "close": 43.379681, "volume": 134607, "typical_volume": 249080.15, "trend": 46.230405, "fair_value": 48.091355, "relative_strength": -23.237623, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.187452, "energy": 85.378904, "activity_lines": [ 43.368449, 43.990746, 44.872597, 45.533014 ] }, { "date": "2024-08-30", "close": 45.822418, "volume": 238066, "typical_volume": 253474.4, "trend": 46.207131, "fair_value": 48.17387, "relative_strength": -18.593152, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.009772, "energy": 48.292331, "activity_lines": [ 44.120924, 44.231192, 44.89546, 45.506692 ] }, { "date": "2024-09-06", "close": 45.7584, "volume": 350221, "typical_volume": 255411.0, "trend": 46.198338, "fair_value": 48.250426, "relative_strength": -14.808569, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.794825, "energy": 21.882634, "activity_lines": [ 44.750982, 44.458466, 44.921051, 45.477742 ] }, { "date": "2024-09-13", "close": 45.576454, "volume": 118456, "typical_volume": 252823.5, "trend": 46.158558, "fair_value": 48.306433, "relative_strength": -15.651845, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.642147, "energy": 24.587318, "activity_lines": [ 45.212349, 44.647697, 44.936036, 45.43762 ] }, { "date": "2024-09-20", "close": 45.485489, "volume": 109185, "typical_volume": 246212.5, "trend": 46.038212, "fair_value": 48.375943, "relative_strength": -16.51024, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.891774, "energy": 27.709545, "activity_lines": [ 45.468865, 44.821798, 44.949144, 45.394196 ] }, { "date": "2024-09-27", "close": 45.030632, "volume": 355371, "typical_volume": 248017.2, "trend": 45.969162, "fair_value": 48.437565, "relative_strength": -18.885185, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.39564, "energy": 21.424379, "activity_lines": [ 45.410913, 44.910134, 44.925751, 45.329191 ] }, { "date": "2024-10-04", "close": 44.666748, "volume": 159660, "typical_volume": 243651.9, "trend": 45.915673, "fair_value": 48.493126, "relative_strength": -16.83885, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.205441, "energy": 12.786577, "activity_lines": [ 45.121603, 44.931391, 44.874281, 45.245164 ] }, { "date": "2024-10-11", "close": 44.803204, "volume": 109185, "typical_volume": 219018.9, "trend": 45.78366, "fair_value": 48.546247, "relative_strength": -17.953015, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.193466, "energy": 14.421762, "activity_lines": [ 44.954823, 44.970904, 44.842915, 45.173392 ] }, { "date": "2024-10-18", "close": 44.166409, "volume": 147298, "typical_volume": 204801.95, "trend": 45.666419, "fair_value": 48.594458, "relative_strength": -20.321314, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.382347, "energy": 27.057558, "activity_lines": [ 44.639457, 44.882536, 44.760567, 45.069053 ] }, { "date": "2024-10-25", "close": 44.575779, "volume": 109185, "typical_volume": 199470.35, "trend": 45.537824, "fair_value": 48.64405, "relative_strength": -18.294998, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.645813, "energy": 25.490682, "activity_lines": [ 44.554551, 44.846638, 44.726698, 44.99869 ] }, { "date": "2024-11-01", "close": 44.257378, "volume": 91673, "typical_volume": 196433.65, "trend": 45.393, "fair_value": 48.693672, "relative_strength": -16.055181, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.475228, "energy": 34.929248, "activity_lines": [ 44.424159, 44.724976, 44.670447, 44.91608 ] }, { "date": "2024-11-08", "close": 44.393837, "volume": 130816, "typical_volume": 188178.75, "trend": 45.283611, "fair_value": 48.743341, "relative_strength": -17.761338, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.498792, "energy": 38.807044, "activity_lines": [ 44.390804, 44.612166, 44.635848, 44.851618 ] }, { "date": "2024-11-15", "close": 43.893494, "volume": 190560, "typical_volume": 183356.05, "trend": 45.174389, "fair_value": 48.789802, "relative_strength": -15.05469, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.088308, "energy": 42.174052, "activity_lines": [ 44.208861, 44.434359, 44.559998, 44.761933 ] }, { "date": "2024-11-22", "close": 43.93898, "volume": 81897, "typical_volume": 178328.7, "trend": 45.0723, "fair_value": 48.837798, "relative_strength": -14.864232, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.743505, "energy": 42.884031, "activity_lines": [ 44.102728, 44.298729, 44.496062, 44.682229 ] }, { "date": "2024-11-29", "close": 43.802525, "volume": 147297, "typical_volume": 176126.35, "trend": 44.968469, "fair_value": 48.883262, "relative_strength": -12.002134, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.889683, "energy": 49.899171, "activity_lines": [ 43.966272, 44.168062, 44.427296, 44.600308 ] }, { "date": "2024-12-06", "close": 43.848011, "volume": 144207, "typical_volume": 175104.5, "trend": 44.883001, "fair_value": 48.929431, "relative_strength": -14.726046, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.232996, "energy": 55.93781, "activity_lines": [ 43.896528, 44.076264, 44.370074, 44.528021 ] }, { "date": "2024-12-13", "close": 43.848011, "volume": 150387, "typical_volume": 174336.0, "trend": 44.805957, "fair_value": 48.975187, "relative_strength": -13.423222, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.030366, "energy": 50.232175, "activity_lines": [ 43.854075, 44.005969, 44.318243, 44.461247 ] }, { "date": "2024-12-20", "close": 39.117516, "volume": 574775, "typical_volume": 194008.2, "trend": 44.548767, "fair_value": 48.991033, "relative_strength": -20.289445, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -95.950517, "energy": 88.338136, "activity_lines": [ 42.271179, 43.090469, 43.818071, 44.094251 ] }, { "date": "2024-12-27", "close": 42.756355, "volume": 181289, "typical_volume": 185050.75, "trend": 44.435334, "fair_value": 49.030205, "relative_strength": -15.092508, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.700535, "energy": 70.796796, "activity_lines": [ 42.219628, 42.939953, 43.688361, 43.978611 ] }, { "date": "2025-01-03", "close": 41.164364, "volume": 135966, "typical_volume": 183005.05, "trend": 44.266027, "fair_value": 49.058757, "relative_strength": -16.215349, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.681599, "energy": 73.460745, "activity_lines": [ 41.716255, 42.525622, 43.407995, 43.767581 ] }, { "date": "2025-01-10", "close": 41.482765, "volume": 173049, "typical_volume": 184927.15, "trend": 44.112949, "fair_value": 49.087693, "relative_strength": -15.222564, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.654634, "energy": 71.17564, "activity_lines": [ 41.494893, 42.231207, 43.166898, 43.588016 ] }, { "date": "2025-01-17", "close": 41.346306, "volume": 201890, "typical_volume": 183118.35, "trend": 43.966553, "fair_value": 49.113269, "relative_strength": -15.319268, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.10264, "energy": 45.473836, "activity_lines": [ 41.385727, 41.962428, 42.921838, 43.409523 ] }, { "date": "2025-01-24", "close": 41.710194, "volume": 55621, "typical_volume": 168388.35, "trend": 43.84071, "fair_value": 49.140349, "relative_strength": -15.306311, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.255654, "energy": 42.396387, "activity_lines": [ 41.564638, 41.815221, 42.732749, 43.263951 ] }, { "date": "2025-02-07", "close": 41.710194, "volume": 86126, "typical_volume": 166771.85, "trend": 43.709251, "fair_value": 49.162872, "relative_strength": -14.50848, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.525682, "energy": 36.544183, "activity_lines": [ 41.570704, 41.707711, 42.562936, 43.126499 ] }, { "date": "2025-02-14", "close": 42.437962, "volume": 316007, "typical_volume": 177112.95, "trend": 43.613282, "fair_value": 49.193374, "relative_strength": -11.209712, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.522788, "energy": 25.816029, "activity_lines": [ 41.889103, 41.773045, 42.480846, 43.04448 ] }, { "date": "2025-02-21", "close": 43.620579, "volume": 180588, "typical_volume": 168373.8, "trend": 43.567965, "fair_value": 49.221928, "relative_strength": -10.393222, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.707463, "energy": 15.034112, "activity_lines": [ 42.516801, 42.078211, 42.525898, 43.044951 ] }, { "date": "2025-02-28", "close": 43.893494, "volume": 70104, "typical_volume": 163896.0, "trend": 43.554207, "fair_value": 49.234831, "relative_strength": -6.57557, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.202918, "energy": 14.648761, "activity_lines": [ 43.09295, 42.437132, 42.603656, 43.065953 ] }, { "date": "2025-03-07", "close": 42.346989, "volume": 191018, "typical_volume": 167987.65, "trend": 43.494514, "fair_value": 49.223734, "relative_strength": -7.428065, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.209761, "energy": 17.991978, "activity_lines": [ 42.983785, 42.514044, 42.537811, 42.988068 ] }, { "date": "2025-03-14", "close": 42.346989, "volume": 279422, "typical_volume": 174593.85, "trend": 43.47413, "fair_value": 49.199795, "relative_strength": -4.493356, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.097714, "energy": 12.895687, "activity_lines": [ 42.832167, 42.532239, 42.483662, 42.914034 ] }, { "date": "2025-03-21", "close": 41.391788, "volume": 233274, "typical_volume": 180798.3, "trend": 43.419098, "fair_value": 49.17636, "relative_strength": -7.117684, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.965665, "energy": 16.853533, "activity_lines": [ 42.319695, 42.384203, 42.347205, 42.779689 ] }, { "date": "2025-03-28", "close": 41.391788, "volume": 249816, "typical_volume": 188705.45, "trend": 43.352835, "fair_value": 49.140912, "relative_strength": -4.105758, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.068706, "energy": 29.140823, "activity_lines": [ 41.876969, 42.232033, 42.225909, 42.648895 ] }, { "date": "2025-04-04", "close": 40.408504, "volume": 186856, "typical_volume": 191507.45, "trend": 43.172371, "fair_value": 49.09626, "relative_strength": -4.59533, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -64.540661, "energy": 55.949045, "activity_lines": [ 41.255067, 41.902737, 42.024614, 42.458938 ] }, { "date": "2025-04-11", "close": 38.722866, "volume": 494214, "typical_volume": 206690.15, "trend": 42.937853, "fair_value": 49.002687, "relative_strength": 0.102528, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.097166, "energy": 73.835972, "activity_lines": [ 40.303618, 41.284013, 41.681759, 42.171873 ] }, { "date": "2025-04-18", "close": 39.144272, "volume": 87387, "typical_volume": 206964.65, "trend": 42.723447, "fair_value": 48.887647, "relative_strength": 2.168248, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.094659, "energy": 75.181672, "activity_lines": [ 39.734247, 40.796224, 41.40366, 41.927126 ] }, { "date": "2025-04-25", "close": 39.237923, "volume": 111721, "typical_volume": 205185.85, "trend": 42.515195, "fair_value": 48.807348, "relative_strength": 0.381992, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.987197, "energy": 75.866501, "activity_lines": [ 39.409606, 40.372114, 41.157313, 41.702253 ] }, { "date": "2025-05-02", "close": 39.284744, "volume": 112697, "typical_volume": 203610.35, "trend": 42.323666, "fair_value": 48.715691, "relative_strength": -3.500559, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.777043, "energy": 71.340914, "activity_lines": [ 39.244164, 40.014701, 40.93716, 41.493837 ] }, { "date": "2025-05-09", "close": 39.237923, "volume": 99365, "typical_volume": 201059.25, "trend": 42.142705, "fair_value": 48.630812, "relative_strength": -3.794843, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.269542, "energy": 59.497343, "activity_lines": [ 39.203585, 39.727608, 40.734279, 41.294757 ] }, { "date": "2025-05-16", "close": 39.33157, "volume": 197114, "typical_volume": 182176.2, "trend": 41.960317, "fair_value": 48.554027, "relative_strength": -7.26208, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.433622, "energy": 45.076539, "activity_lines": [ 39.272259, 39.542188, 40.562269, 41.113393 ] }, { "date": "2025-05-23", "close": 39.425213, "volume": 150387, "typical_volume": 180631.1, "trend": 41.802277, "fair_value": 48.486586, "relative_strength": -5.89264, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.689701, "energy": 40.945504, "activity_lines": [ 39.331568, 39.42862, 40.398158, 40.949838 ] }, { "date": "2025-05-30", "close": 39.33157, "volume": 173635, "typical_volume": 182514.55, "trend": 41.62747, "fair_value": 48.419793, "relative_strength": -4.462441, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.322842, "energy": 37.421269, "activity_lines": [ 39.340933, 39.351149, 40.240991, 40.790438 ] }, { "date": "2025-06-06", "close": 39.237923, "volume": 214374, "typical_volume": 184580.8, "trend": 41.460155, "fair_value": 48.354482, "relative_strength": -5.722311, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.671701, "energy": 33.608393, "activity_lines": [ 39.31284, 39.29411, 40.083633, 40.636274 ] }, { "date": "2025-06-13", "close": 39.284744, "volume": 157444, "typical_volume": 182358.5, "trend": 41.289852, "fair_value": 48.26574, "relative_strength": -7.060492, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.468954, "energy": 35.049279, "activity_lines": [ 39.303475, 39.284745, 39.941424, 40.495924 ] }, { "date": "2025-06-20", "close": 39.097454, "volume": 179292, "typical_volume": 188542.05, "trend": 41.129984, "fair_value": 48.17663, "relative_strength": -7.134001, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.939646, "energy": 40.462865, "activity_lines": [ 39.228558, 39.26176, 39.791195, 40.354479 ] }, { "date": "2025-06-27", "close": 39.33157, "volume": 232018, "typical_volume": 195836.65, "trend": 40.976404, "fair_value": 48.093183, "relative_strength": -8.581476, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.380478, "energy": 36.678697, "activity_lines": [ 39.247288, 39.27453, 39.675704, 40.238453 ] }, { "date": "2025-07-04", "close": 39.612507, "volume": 228755, "typical_volume": 191474.05, "trend": 40.836736, "fair_value": 48.01362, "relative_strength": -7.592121, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.880156, "energy": 29.293355, "activity_lines": [ 39.365906, 39.334974, 39.598295, 40.150459 ] }, { "date": "2025-07-11", "close": 40.829914, "volume": 339087, "typical_volume": 199399.0, "trend": 40.736133, "fair_value": 47.928537, "relative_strength": -5.467106, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.580176, "energy": 13.159411, "activity_lines": [ 39.871597, 39.609955, 39.650285, 40.150019 ] }, { "date": "2025-07-18", "close": 39.940273, "volume": 48618, "typical_volume": 198324.7, "trend": 40.605875, "fair_value": 47.854405, "relative_strength": -9.856176, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.798916, "energy": 17.296387, "activity_lines": [ 39.974609, 39.695088, 39.630836, 40.098673 ] }, { "date": "2025-07-25", "close": 39.425213, "volume": 58186, "typical_volume": 191683.1, "trend": 40.616132, "fair_value": 47.779054, "relative_strength": -10.693974, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.780943, "energy": 19.557558, "activity_lines": [ 39.862232, 39.673804, 39.581159, 40.022502 ] }, { "date": "2025-08-01", "close": 40.56238, "volume": 54732, "typical_volume": 180448.6, "trend": 40.542999, "fair_value": 47.705579, "relative_strength": -8.138048, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.00623, "energy": 17.648191, "activity_lines": [ 40.10706, 39.857576, 39.653696, 40.019034 ] }, { "date": "2025-08-08", "close": 39.846626, "volume": 73374, "typical_volume": 172453.6, "trend": 40.499075, "fair_value": 47.630014, "relative_strength": -11.620077, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.955796, "energy": 10.140655, "activity_lines": [ 40.03125, 39.890534, 39.666565, 39.974107 ] }, { "date": "2025-08-15", "close": 39.51886, "volume": 102049, "typical_volume": 165065.25, "trend": 40.433611, "fair_value": 47.557761, "relative_strength": -13.139794, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.048945, "energy": 14.233851, "activity_lines": [ 39.830576, 39.854534, 39.655575, 39.910867 ] }, { "date": "2025-08-22", "close": 39.565685, "volume": 206281, "typical_volume": 166036.5, "trend": 40.374257, "fair_value": 47.475399, "relative_strength": -10.711295, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.929592, "energy": 13.617354, "activity_lines": [ 39.732914, 39.821939, 39.657964, 39.854872 ] }, { "date": "2025-08-29", "close": 39.191097, "volume": 183764, "typical_volume": 150514.0, "trend": 40.290287, "fair_value": 47.38564, "relative_strength": -12.961346, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.627148, "energy": 25.420187, "activity_lines": [ 39.535362, 39.71613, 39.628691, 39.778539 ] }, { "date": "2025-09-05", "close": 39.51886, "volume": 112461, "typical_volume": 151767.7, "trend": 40.217243, "fair_value": 47.297566, "relative_strength": -12.769132, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.691654, "energy": 23.081362, "activity_lines": [ 39.462673, 39.668212, 39.628404, 39.728769 ] }, { "date": "2025-09-12", "close": 39.838913, "volume": 181417, "typical_volume": 155252.5, "trend": 40.130608, "fair_value": 47.204465, "relative_strength": -14.940917, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.834015, "energy": 16.682756, "activity_lines": [ 39.566235, 39.675079, 39.656815, 39.704361 ] }, { "date": "2025-09-19", "close": 39.790684, "volume": 214008, "typical_volume": 160318.05, "trend": 40.002945, "fair_value": 47.092299, "relative_strength": -14.908777, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.438924, "energy": 15.904798, "activity_lines": [ 39.654235, 39.669061, 39.67777, 39.68243 ] }, { "date": "2025-09-26", "close": 39.549526, "volume": 132311, "typical_volume": 161965.35, "trend": 39.858146, "fair_value": 46.985769, "relative_strength": -14.977902, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.084634, "energy": 8.427186, "activity_lines": [ 39.643728, 39.638092, 39.673349, 39.653178 ] }, { "date": "2025-10-03", "close": 39.404831, "volume": 75773, "typical_volume": 155898.3, "trend": 39.760074, "fair_value": 46.889324, "relative_strength": -18.595603, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.060348, "energy": 12.841447, "activity_lines": [ 39.586066, 39.587918, 39.653664, 39.623931 ] }, { "date": "2025-10-10", "close": 39.501297, "volume": 93103, "typical_volume": 153034.1, "trend": 39.665217, "fair_value": 46.80834, "relative_strength": -19.537356, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.383908, "energy": 14.667758, "activity_lines": [ 39.546311, 39.555655, 39.642816, 39.607236 ] }, { "date": "2025-10-17", "close": 39.018986, "volume": 156698, "typical_volume": 152187.25, "trend": 39.586124, "fair_value": 46.729531, "relative_strength": -20.070455, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.13384, "energy": 35.759674, "activity_lines": [ 39.346956, 39.454991, 39.585673, 39.565544 ] }, { "date": "2025-10-24", "close": 39.067215, "volume": 153065, "typical_volume": 149121.8, "trend": 39.508638, "fair_value": 46.661085, "relative_strength": -20.244023, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -19.173262, "energy": 31.942198, "activity_lines": [ 39.21834, 39.378144, 39.534611, 39.532066 ] }, { "date": "2025-10-31", "close": 39.21191, "volume": 316557, "typical_volume": 157077.45, "trend": 39.468752, "fair_value": 46.617507, "relative_strength": -21.494949, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -25.142485, "energy": 33.701442, "activity_lines": [ 39.186186, 39.335817, 39.498142, 39.512922 ] }, { "date": "2025-11-07", "close": 41.141155, "volume": 985549, "typical_volume": 197390.3, "trend": 39.549361, "fair_value": 46.567623, "relative_strength": -15.481, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 60.365409, "energy": 30.592344, "activity_lines": [ 39.819622, 39.650693, 39.645757, 39.620819 ] }, { "date": "2025-11-14", "close": 42.443394, "volume": 450870, "typical_volume": 208332.9, "trend": 39.659332, "fair_value": 46.539014, "relative_strength": -11.673813, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.257257, "energy": 70.688483, "activity_lines": [ 40.771382, 40.166886, 39.907664, 39.807531 ] }, { "date": "2025-11-21", "close": 41.864624, "volume": 347355, "typical_volume": 214262.9, "trend": 39.746889, "fair_value": 46.505737, "relative_strength": -9.361774, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.589739, "energy": 78.49905, "activity_lines": [ 41.33408, 40.524673, 40.099631, 39.949808 ] }, { "date": "2025-11-28", "close": 42.925705, "volume": 280472, "typical_volume": 211332.15, "trend": 39.868254, "fair_value": 46.479741, "relative_strength": -10.714571, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.083645, "energy": 87.230431, "activity_lines": [ 42.060762, 41.038554, 40.38193, 40.154893 ] }, { "date": "2025-12-05", "close": 43.215092, "volume": 387879, "typical_volume": 228295.2, "trend": 40.000826, "fair_value": 46.450333, "relative_strength": -10.834281, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.488884, "energy": 89.457349, "activity_lines": [ 42.626673, 41.54805, 40.681809, 40.370818 ] }, { "date": "2025-12-12", "close": 42.73278, "volume": 223621, "typical_volume": 236566.95, "trend": 40.1142, "fair_value": 46.396766, "relative_strength": -12.142479, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.218948, "energy": 79.860312, "activity_lines": [ 42.764935, 41.903206, 40.920159, 40.547073 ] }, { "date": "2025-12-19", "close": 43.311558, "volume": 175327, "typical_volume": 242596.7, "trend": 40.243745, "fair_value": 46.357443, "relative_strength": -8.993666, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.519488, "energy": 77.456304, "activity_lines": [ 42.990015, 42.303086, 41.197881, 40.753354 ] }, { "date": "2025-12-26", "close": 43.0704, "volume": 144169, "typical_volume": 246136.45, "trend": 40.368373, "fair_value": 46.314659, "relative_strength": -11.998836, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.019957, "energy": 57.624315, "activity_lines": [ 43.076831, 42.589842, 41.439544, 40.935719 ] }, { "date": "2026-01-02", "close": 42.443394, "volume": 141033, "typical_volume": 248085.65, "trend": 40.475222, "fair_value": 46.266898, "relative_strength": -15.253716, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.802813, "energy": 48.396729, "activity_lines": [ 42.87426, 42.688935, 41.60614, 41.069591 ] }, { "date": "2026-01-09", "close": 41.6717, "volume": 432134, "typical_volume": 259378.3, "trend": 40.554787, "fair_value": 46.213233, "relative_strength": -18.989988, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.948861, "energy": 34.155939, "activity_lines": [ 42.446611, 42.586335, 41.685316, 41.146783 ] }, { "date": "2026-01-16", "close": 41.623466, "volume": 245202, "typical_volume": 262450.2, "trend": 40.638987, "fair_value": 46.157344, "relative_strength": -21.544307, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.013653, "energy": 22.784835, "activity_lines": [ 42.105778, 42.430242, 41.749869, 41.21573 ] }, { "date": "2026-01-23", "close": 41.189388, "volume": 266321, "typical_volume": 270143.2, "trend": 40.700914, "fair_value": 46.095799, "relative_strength": -23.270774, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.366265, "energy": 22.316776, "activity_lines": [ 41.694206, 42.186455, 41.761499, 41.25124 ] }, { "date": "2026-01-30", "close": 40.369453, "volume": 296511, "typical_volume": 275897.9, "trend": 40.726146, "fair_value": 46.026604, "relative_strength": -24.59424, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.842604, "energy": 18.430996, "activity_lines": [ 41.150801, 41.81639, 41.687085, 41.229855 ] }, { "date": "2026-02-06", "close": 39.742451, "volume": 257832, "typical_volume": 278089.1, "trend": 40.689897, "fair_value": 45.944293, "relative_strength": -24.652915, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -34.73832, "energy": 37.525407, "activity_lines": [ 40.578458, 41.35951, 41.55043, 41.166391 ] }, { "date": "2026-02-13", "close": 40.321224, "volume": 145000, "typical_volume": 278723.55, "trend": 40.702596, "fair_value": 45.864734, "relative_strength": -27.167665, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -24.569774, "energy": 42.931371, "activity_lines": [ 40.379102, 41.065738, 41.469126, 41.142606 ] }, { "date": "2026-02-27", "close": 39.694221, "volume": 417902, "typical_volume": 295830.0, "trend": 40.711562, "fair_value": 45.781635, "relative_strength": -31.387705, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.527554, "energy": 59.765898, "activity_lines": [ 40.060777, 40.710582, 41.324433, 41.077549 ] }, { "date": "2026-03-06", "close": 42.925705, "volume": 5994773, "typical_volume": 590913.5, "trend": 40.79034, "fair_value": 45.713505, "relative_strength": -21.213043, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 24.629779, "energy": 17.620875, "activity_lines": [ 40.948229, 40.998215, 41.486122, 41.220397 ] }, { "date": "2026-03-13", "close": 40.562382, "volume": 5696175, "typical_volume": 867887.35, "trend": 40.814199, "fair_value": 45.631183, "relative_strength": -24.514667, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 14.325092, "energy": 8.190106, "activity_lines": [ 40.932153, 40.863168, 41.406426, 41.20569 ] }, { "date": "2026-03-20", "close": 40.99646, "volume": 1459103, "typical_volume": 933189.25, "trend": 40.863452, "fair_value": 45.533929, "relative_strength": -23.387309, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.852368, "energy": 4.650371, "activity_lines": [ 41.047907, 40.852644, 41.360721, 41.217449 ] }, { "date": "2026-03-27", "close": 41.150002, "volume": 991197, "typical_volume": 966921.25, "trend": 40.916262, "fair_value": 45.447234, "relative_strength": -21.511186, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.467255, "energy": 8.21091, "activity_lines": [ 41.131242, 40.896345, 41.320452, 41.235936 ] }, { "date": "2026-04-03", "close": 40.549999, "volume": 440927, "typical_volume": 939690.15, "trend": 40.961559, "fair_value": 45.358614, "relative_strength": -20.726819, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 0.601421, "energy": 2.845703, "activity_lines": [ 40.959323, 40.840441, 41.213811, 41.212306 ] }, { "date": "2026-04-10", "close": 40.349998, "volume": 756275, "typical_volume": 954960.4, "trend": 40.989264, "fair_value": 45.268711, "relative_strength": -26.77535, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -18.696352, "energy": 10.490451, "activity_lines": [ 40.663686, 40.76769, 41.090938, 41.172851 ] }, { "date": "2026-04-17", "close": 41.75, "volume": 1783247, "typical_volume": 1026755.0, "trend": 41.052967, "fair_value": 45.18972, "relative_strength": -26.316215, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 0.73888, "energy": 1.649277, "activity_lines": [ 41.00643, 40.964746, 41.111366, 41.221931 ] }, { "date": "2026-04-24", "close": 39.950001, "volume": 766439, "typical_volume": 1051053.35, "trend": 41.058277, "fair_value": 45.103063, "relative_strength": -32.510538, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -21.454677, "energy": 11.916333, "activity_lines": [ 40.67, 40.809429, 40.960912, 41.150772 ] }, { "date": "2026-05-01", "close": 39.450001, "volume": 358286, "typical_volume": 1049573.7, "trend": 41.05496, "fair_value": 45.011264, "relative_strength": -32.525173, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.347329, "energy": 31.482426, "activity_lines": [ 40.236667, 40.55943, 40.777009, 41.047012 ] }, { "date": "2026-05-08", "close": 39.200001, "volume": 659427, "typical_volume": 1071364.0, "trend": 41.048132, "fair_value": 44.921251, "relative_strength": -36.49695, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.209207, "energy": 36.409607, "activity_lines": [ 39.833334, 40.279816, 40.587226, 40.927337 ] }, { "date": "2026-05-15", "close": 40.25, "volume": 1396072, "typical_volume": 1132401.25, "trend": 41.073089, "fair_value": 44.834581, "relative_strength": -33.336185, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.804861, "energy": 37.758697, "activity_lines": [ 39.870001, 40.200097, 40.514265, 40.875845 ] }, { "date": "2026-05-22", "close": 40.599998, "volume": 844516, "typical_volume": 1167418.6, "trend": 41.125789, "fair_value": 44.748702, "relative_strength": -33.769884, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.712445, "energy": 28.661085, "activity_lines": [ 40.03, 40.232663, 40.489216, 40.845323 ] }, { "date": "2026-05-29", "close": 40.849998, "volume": 1485115, "typical_volume": 1234622.7, "trend": 41.185215, "fair_value": 44.671202, "relative_strength": -36.267058, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.467289, "energy": 14.744791, "activity_lines": [ 40.349999, 40.31, 40.49974, 40.82753 ] }, { "date": "2026-06-05", "close": 42.450001, "volume": 1441609, "typical_volume": 1285096.45, "trend": 41.293152, "fair_value": 44.60396, "relative_strength": -33.463194, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.23326, "energy": 8.072689, "activity_lines": [ 41.143333, 40.680909, 40.670233, 40.909129 ] }, { "date": "2026-06-12", "close": 41.950001, "volume": 641805, "typical_volume": 1304926.6, "trend": 41.320113, "fair_value": 44.533028, "relative_strength": -32.109474, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.876692, "energy": 23.991033, "activity_lines": [ 41.57, 40.937273, 40.789401, 40.951506 ] }, { "date": "2026-06-19", "close": 42.150002, "volume": 576001, "typical_volume": 1320410.6, "trend": 41.310333, "fair_value": 44.463862, "relative_strength": -34.369439, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 21.56323, "energy": 36.64521, "activity_lines": [ 41.880001, 41.204546, 40.926062, 41.005047 ] }, { "date": "2026-06-26", "close": 41.75, "volume": 629037, "typical_volume": 1337036.9, "trend": 41.306513, "fair_value": 44.391648, "relative_strength": -31.432407, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.67943, "energy": 42.416682, "activity_lines": [ 41.930001, 41.366364, 41.020053, 41.033413 ] }, { "date": "2026-07-03", "close": 40.450001, "volume": 746498, "typical_volume": 1361470.2, "trend": 41.223989, "fair_value": 44.311584, "relative_strength": -35.912834, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 12.459212, "energy": 18.774254, "activity_lines": [ 41.470001, 41.291819, 40.98366, 40.978154 ] }, { "date": "2026-07-10", "close": 39.150002, "volume": 421313, "typical_volume": 1375285.85, "trend": 41.088486, "fair_value": 44.223672, "relative_strength": -35.196837, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.544124, "energy": 23.531041, "activity_lines": [ 40.603335, 40.971819, 40.820089, 40.844348 ] }, { "date": "2026-07-17", "close": 39.25, "volume": 313103, "typical_volume": 1370045.9, "trend": 40.972394, "fair_value": 44.137853, "relative_strength": -30.062521, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -50.493123, "energy": 35.442741, "activity_lines": [ 39.990001, 40.675455, 40.671619, 40.725736 ] }, { "date": "2026-07-24", "close": 39.150002, "volume": 317309, "typical_volume": 1086172.7, "trend": 40.833675, "fair_value": 44.050908, "relative_strength": -30.99385, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.132564, "energy": 52.214451, "activity_lines": [ 39.523335, 40.360001, 40.51574, 40.608163 ] }, { "date": "2026-07-31", "close": 39.950001, "volume": 238420, "typical_volume": 813284.95, "trend": 40.729662, "fair_value": 43.972965, "relative_strength": -27.898104, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.840436, "energy": 57.138466, "activity_lines": [ 39.523335, 40.210001, 40.454031, 40.551152 ] }, { "date": "2026-08-07", "close": 39.5, "volume": 140230, "typical_volume": 747341.3, "trend": 40.631549, "fair_value": 43.890685, "relative_strength": -29.610819, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.787071, "energy": 54.972395, "activity_lines": [ 39.493334, 39.990001, 40.352382, 40.471819 ] }, { "date": "2026-08-14", "close": 39.900002, "volume": 125281, "typical_volume": 704045.5, "trend": 40.572492, "fair_value": 43.810001, "relative_strength": -30.528691, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.263413, "energy": 37.564892, "activity_lines": [ 39.660001, 39.867274, 40.295953, 40.424622 ] } ], "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." } } }