{ "ticker": { "uuid": "67e759a4-c449-4c09-817b-ea9983b4e5fb", "symbol": "603876", "name": "Jiangsu Dingsheng New Materials Joint-Stock 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": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -24.301, "architecture_energy": 50.992, "architecture_maturity": 8.386, "architecture_confidence": 59.734, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 34.49, "rotation_up": 15.03, "upward_expansion": 25.81, "deceleration": 50.1, "rotation_down": 64.84, "downward_expansion": 53.14 }, "activity_lines": [ 20.971333, 22.079191, 24.001811, 23.757076 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 21.389999, "trend_reference": 22.630666, "distance_from_trend": -0.054822, "trend_direction": "Improving", "fair_value": 12.850507, "distance_from_fair_value": 0.664526, "fair_value_direction": "Weakening", "relative_strength": 19.556705, "relative_strength_direction": "Weakening", "price_momentum": 0.251609, "excess_performance": 0.294813, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.054822, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.163567, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.664526, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.823561, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.195567, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.801676, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.251609, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.280081, "read": "Supply-led" } ], "volume": { "latest": 104902756, "relative_activity": 0.715101, "balance": 0.280081, "dry_up": 0.891045, "accumulation_observations": 0, "distribution_observations": 3 }, "risk": { "range_context": 0.139754, "annualized_volatility": 0.51511, "from_high_reference": -0.358392, "from_low_reference": 1.353854 }, "levels": { "trend_reference": 22.630666, "fair_value_reference": 12.850507, "structural_low": 15.72, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 5, "median_return": 0.080589, "positive_rate": 0.8, "directional_follow_through": 0.2, "median_excess_return": 0.066571, "regime_survival": 0.4, "best_return": 0.17885, "worst_return": -0.128847, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": -0.176183, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.085114, "regime_survival": 0.0, "best_return": -0.065344, "worst_return": -0.220104, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.098539, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.008262, "regime_survival": 0.0, "best_return": 1.057283, "worst_return": -0.243707, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.622142, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.52666, "regime_survival": 0.0, "best_return": 0.911396, "worst_return": 0.332887, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-04-26", "end": "2024-06-28", "tenure": "Developing", "return": -0.141667, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-07-05", "end": "2024-09-27", "tenure": "Established", "return": 0.082222, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-04", "end": "2024-11-08", "tenure": "Developing", "return": -0.028716, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-15", "end": "2025-01-10", "tenure": "Developing", "return": -0.177114, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-17", "end": "2025-02-21", "tenure": "Developing", "return": 0.003501, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-28", "end": "2025-03-07", "tenure": "New", "return": 0.101022, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-14", "end": "2025-04-18", "tenure": "Developing", "return": -0.166493, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-05-30", "tenure": "Developing", "return": 0.051916, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-06", "end": "2025-07-11", "tenure": "Developing", "return": 0.064147, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2025-12-19", "tenure": "Established", "return": 0.367481, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-26", "end": "2026-01-02", "tenure": "New", "return": 0.047453, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-09", "end": "2026-06-05", "tenure": "Established", "return": 0.552858, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-12", "end": "2026-07-24", "tenure": "Developing", "return": -0.225574, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": -0.013376, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 16.931124, "volume": 26458771, "typical_volume": 46717174.8, "trend": 19.891072, "fair_value": 16.745302, "relative_strength": -28.954974, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.518672, "energy": 59.850099, "activity_lines": [ 17.198678, 17.655875, 17.998037, 18.730216 ] }, { "date": "2023-08-04", "close": 16.796061, "volume": 24830320, "typical_volume": 44635866.5, "trend": 19.751222, "fair_value": 16.803245, "relative_strength": -28.870955, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.115136, "energy": 66.13931, "activity_lines": [ 16.971643, 17.474914, 17.829796, 18.530538 ] }, { "date": "2023-08-11", "close": 16.699589, "volume": 21517845, "typical_volume": 42426859.2, "trend": 19.514553, "fair_value": 16.861724, "relative_strength": -25.912063, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.317515, "energy": 65.272983, "activity_lines": [ 16.826933, 17.285271, 17.66806, 18.333658 ] }, { "date": "2023-08-18", "close": 16.429464, "volume": 21909428, "typical_volume": 40298414.8, "trend": 19.285759, "fair_value": 16.91347, "relative_strength": -24.807168, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.286193, "energy": 58.284935, "activity_lines": [ 16.674506, 17.059172, 17.502155, 18.13462 ] }, { "date": "2023-08-25", "close": 15.561198, "volume": 22785587, "typical_volume": 39215207.65, "trend": 18.992049, "fair_value": 16.957133, "relative_strength": -26.25725, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.364026, "energy": 63.127548, "activity_lines": [ 16.276391, 16.707832, 17.274455, 17.894326 ] }, { "date": "2023-09-01", "close": 14.943768, "volume": 29531754, "typical_volume": 38710894.0, "trend": 18.66531, "fair_value": 16.999813, "relative_strength": -29.831031, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.581144, "energy": 72.831087, "activity_lines": [ 15.763151, 16.301415, 17.010741, 17.633147 ] }, { "date": "2023-09-08", "close": 14.355279, "volume": 23653232, "typical_volume": 37623779.9, "trend": 18.359534, "fair_value": 17.038917, "relative_strength": -31.340022, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.277329, "energy": 85.226701, "activity_lines": [ 15.186239, 15.860268, 16.715275, 17.35508 ] }, { "date": "2023-09-15", "close": 14.104447, "volume": 24827881, "typical_volume": 34660822.2, "trend": 18.093648, "fair_value": 17.080597, "relative_strength": -31.635752, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.988616, "energy": 90.585635, "activity_lines": [ 14.688434, 15.449114, 16.416755, 17.080558 ] }, { "date": "2023-09-22", "close": 14.123742, "volume": 23627598, "typical_volume": 34780309.7, "trend": 17.836247, "fair_value": 17.12374, "relative_strength": -30.847248, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.396958, "energy": 88.712276, "activity_lines": [ 14.370071, 15.111106, 16.142785, 16.824435 ] }, { "date": "2023-09-29", "close": 14.046563, "volume": 17312883, "typical_volume": 33225004.8, "trend": 17.605429, "fair_value": 17.168807, "relative_strength": -29.931325, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.006304, "energy": 87.347032, "activity_lines": [ 14.179697, 14.812915, 15.879969, 16.57994 ] }, { "date": "2023-10-13", "close": 14.432458, "volume": 36517528, "typical_volume": 33160974.05, "trend": 17.424812, "fair_value": 17.21393, "relative_strength": -26.537891, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.664547, "energy": 76.923342, "activity_lines": [ 14.218929, 14.637157, 15.671631, 16.375232 ] }, { "date": "2023-10-20", "close": 13.747495, "volume": 29167791, "typical_volume": 32289894.85, "trend": 17.21335, "fair_value": 17.258943, "relative_strength": -26.476762, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.04607, "energy": 65.782945, "activity_lines": [ 14.063928, 14.382291, 15.412316, 16.137986 ] }, { "date": "2023-10-27", "close": 13.882559, "volume": 26617680, "typical_volume": 30752640.65, "trend": 16.96854, "fair_value": 17.304953, "relative_strength": -25.502403, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.316297, "energy": 61.392289, "activity_lines": [ 13.994468, 14.207411, 15.182701, 15.923096 ] }, { "date": "2023-11-03", "close": 13.390543, "volume": 45042037, "typical_volume": 30073744.55, "trend": 16.72097, "fair_value": 17.346403, "relative_strength": -27.446083, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.582903, "energy": 62.635424, "activity_lines": [ 13.775794, 13.994292, 14.922957, 15.692257 ] }, { "date": "2023-11-10", "close": 13.467721, "volume": 24582397, "typical_volume": 28706295.2, "trend": 16.491657, "fair_value": 17.388839, "relative_strength": -26.169524, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.729489, "energy": 61.678158, "activity_lines": [ 13.631727, 13.850459, 14.69358, 15.48237 ] }, { "date": "2023-11-17", "close": 13.564195, "volume": 25746314, "typical_volume": 28379498.35, "trend": 16.27562, "fair_value": 17.432285, "relative_strength": -24.793982, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.295627, "energy": 57.027564, "activity_lines": [ 13.558407, 13.762229, 14.498336, 15.293502 ] }, { "date": "2023-11-24", "close": 12.946763, "volume": 29026579, "typical_volume": 28024528.4, "trend": 16.082819, "fair_value": 17.475728, "relative_strength": -26.906702, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.909013, "energy": 62.102172, "activity_lines": [ 13.33716, 13.586822, 14.269785, 15.078737 ] }, { "date": "2023-12-01", "close": 12.589811, "volume": 25976642, "typical_volume": 27140732.2, "trend": 15.873346, "fair_value": 17.513876, "relative_strength": -27.923224, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.728077, "energy": 68.930958, "activity_lines": [ 13.050312, 13.372125, 14.033746, 14.853381 ] }, { "date": "2023-12-08", "close": 12.261801, "volume": 26073379, "typical_volume": 26816861.7, "trend": 15.681753, "fair_value": 17.549953, "relative_strength": -27.514909, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.164506, "energy": 83.035654, "activity_lines": [ 12.74031, 13.125328, 13.791919, 14.620379 ] }, { "date": "2023-12-15", "close": 11.866259, "volume": 22459181, "typical_volume": 26383241.35, "trend": 15.484989, "fair_value": 17.579312, "relative_strength": -28.338017, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.223452, "energy": 90.368398, "activity_lines": [ 12.37371, 12.840467, 13.535391, 14.374218 ] }, { "date": "2023-12-22", "close": 11.856611, "volume": 24838256, "typical_volume": 26302215.6, "trend": 15.299327, "fair_value": 17.610603, "relative_strength": -26.834622, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.444428, "energy": 88.172799, "activity_lines": [ 12.110659, 12.593495, 13.302016, 14.140129 ] }, { "date": "2023-12-29", "close": 12.088147, "volume": 32604562, "typical_volume": 26690927.7, "trend": 15.126156, "fair_value": 17.640567, "relative_strength": -26.168625, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.217446, "energy": 80.312307, "activity_lines": [ 12.038625, 12.435453, 13.114857, 13.932956 ] }, { "date": "2024-01-05", "close": 10.940112, "volume": 48540007, "typical_volume": 28042035.8, "trend": 14.910967, "fair_value": 17.663727, "relative_strength": -31.358642, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.309397, "energy": 77.402401, "activity_lines": [ 11.641153, 12.098848, 12.84078, 13.662888 ] }, { "date": "2024-01-12", "close": 11.297064, "volume": 51592454, "typical_volume": 29526187.1, "trend": 14.680073, "fair_value": 17.688391, "relative_strength": -27.218514, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.753765, "energy": 68.009342, "activity_lines": [ 11.472646, 11.880642, 12.628125, 13.429733 ] }, { "date": "2024-01-19", "close": 10.380565, "volume": 46002246, "typical_volume": 30687020.05, "trend": 14.402551, "fair_value": 17.707997, "relative_strength": -30.995549, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.630794, "energy": 72.872231, "activity_lines": [ 11.062955, 11.533863, 12.352624, 13.152346 ] }, { "date": "2024-01-26", "close": 9.753486, "volume": 52481588, "typical_volume": 31834511.75, "trend": 14.097051, "fair_value": 17.720544, "relative_strength": -35.987736, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.004972, "energy": 88.957453, "activity_lines": [ 10.543284, 11.1292, 12.04207, 12.852406 ] }, { "date": "2024-02-02", "close": 8.229202, "volume": 52758496, "typical_volume": 33289774.95, "trend": 13.754248, "fair_value": 17.726327, "relative_strength": -41.472585, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -94.471717, "energy": 96.158884, "activity_lines": [ 9.655726, 10.51668, 11.611063, 12.473835 ] }, { "date": "2024-02-09", "close": 8.422148, "volume": 91520752, "typical_volume": 36624418.5, "trend": 13.437171, "fair_value": 17.737563, "relative_strength": -41.930617, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.6517, "energy": 93.043729, "activity_lines": [ 9.089747, 10.025015, 11.227603, 12.129829 ] }, { "date": "2024-02-23", "close": 8.981697, "volume": 81163639, "typical_volume": 39501220.55, "trend": 13.167045, "fair_value": 17.751994, "relative_strength": -39.972648, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.330553, "energy": 85.54066, "activity_lines": [ 8.878148, 9.710862, 10.924492, 11.842379 ] }, { "date": "2024-03-01", "close": 9.126408, "volume": 70012390, "typical_volume": 42136195.9, "trend": 12.907209, "fair_value": 17.771535, "relative_strength": -38.541602, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.762027, "energy": 69.221772, "activity_lines": [ 8.869144, 9.482658, 10.659649, 11.581693 ] }, { "date": "2024-03-08", "close": 8.788749, "volume": 57568303, "typical_volume": 43188734.65, "trend": 12.635797, "fair_value": 17.792181, "relative_strength": -40.294945, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.116909, "energy": 66.04398, "activity_lines": [ 8.831198, 9.242877, 10.386077, 11.315985 ] }, { "date": "2024-03-15", "close": 9.338649, "volume": 88202693, "typical_volume": 46140479.75, "trend": 12.387216, "fair_value": 17.814032, "relative_strength": -35.911051, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.629095, "energy": 60.267598, "activity_lines": [ 9.040867, 9.158857, 10.191752, 11.103266 ] }, { "date": "2024-03-22", "close": 8.981697, "volume": 58797584, "typical_volume": 47749474.95, "trend": 12.129953, "fair_value": 17.831012, "relative_strength": -37.420178, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.099899, "energy": 55.432932, "activity_lines": [ 9.057589, 9.059928, 9.984425, 10.883555 ] }, { "date": "2024-03-29", "close": 8.759807, "volume": 47523470, "typical_volume": 47873546.6, "trend": 11.874298, "fair_value": 17.847713, "relative_strength": -37.992553, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.70213, "energy": 51.556662, "activity_lines": [ 8.963045, 8.956263, 9.779304, 10.666127 ] }, { "date": "2024-04-05", "close": 10.592807, "volume": 163656235, "typical_volume": 54827238.5, "trend": 11.708685, "fair_value": 17.875283, "relative_strength": -24.754885, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.675069, "energy": 31.587005, "activity_lines": [ 9.494293, 9.232002, 9.770805, 10.58345 ] }, { "date": "2024-04-12", "close": 10.824344, "volume": 305703411, "typical_volume": 68825093.35, "trend": 11.571371, "fair_value": 17.905676, "relative_strength": -20.921124, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.606933, "energy": 19.637087, "activity_lines": [ 10.004961, 9.54598, 9.798048, 10.526395 ] }, { "date": "2024-04-19", "close": 10.785754, "volume": 174424860, "typical_volume": 76095007.4, "trend": 11.452387, "fair_value": 17.934417, "relative_strength": -21.515799, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.574924, "energy": 19.831339, "activity_lines": [ 10.367059, 9.833471, 9.834662, 10.47571 ] }, { "date": "2024-04-26", "close": 10.419153, "volume": 117201510, "typical_volume": 80656250.8, "trend": 11.329544, "fair_value": 17.963455, "relative_strength": -23.898199, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.985427, "energy": 21.681935, "activity_lines": [ 10.510482, 10.007825, 9.846652, 10.40905 ] }, { "date": "2024-05-03", "close": 10.052553, "volume": 47099325, "typical_volume": 81707548.1, "trend": 11.193837, "fair_value": 17.990862, "relative_strength": -26.178501, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.822343, "energy": 17.265691, "activity_lines": [ 10.435876, 10.079216, 9.834064, 10.326664 ] }, { "date": "2024-05-10", "close": 11.42248, "volume": 174642544, "typical_volume": 89316716.25, "trend": 11.106368, "fair_value": 18.026136, "relative_strength": -16.68859, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 11.089079, "energy": 19.170453, "activity_lines": [ 10.731728, 10.380214, 9.962466, 10.341415 ] }, { "date": "2024-05-17", "close": 10.583159, "volume": 76328823, "typical_volume": 91891244.6, "trend": 10.978058, "fair_value": 18.053545, "relative_strength": -22.092411, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.699656, "energy": 14.607774, "activity_lines": [ 10.692496, 10.486861, 10.013046, 10.307659 ] }, { "date": "2024-05-24", "close": 10.120086, "volume": 64876617, "typical_volume": 93504847.35, "trend": 10.857144, "fair_value": 18.075567, "relative_strength": -23.191229, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.648858, "energy": 9.797424, "activity_lines": [ 10.514984, 10.476687, 10.025587, 10.252306 ] }, { "date": "2024-05-31", "close": 9.849959, "volume": 39855186, "typical_volume": 93070606.3, "trend": 10.722724, "fair_value": 18.097884, "relative_strength": -24.470963, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.15916, "energy": 13.535167, "activity_lines": [ 10.291809, 10.403192, 10.021774, 10.187327 ] }, { "date": "2024-06-07", "close": 9.309707, "volume": 41351947, "typical_volume": 92558580.95, "trend": 10.586696, "fair_value": 18.115823, "relative_strength": -27.008481, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.438743, "energy": 24.939132, "activity_lines": [ 9.926495, 10.215682, 9.9717, 10.096164 ] }, { "date": "2024-06-14", "close": 9.164997, "volume": 22877496, "typical_volume": 91402343.45, "trend": 10.443272, "fair_value": 18.133095, "relative_strength": -26.906483, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.579776, "energy": 31.923531, "activity_lines": [ 9.562468, 9.991863, 9.917307, 10.004442 ] }, { "date": "2024-06-21", "close": 9.425476, "volume": 42477175, "typical_volume": 90902122.8, "trend": 10.305315, "fair_value": 18.149292, "relative_strength": -23.071176, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.93183, "energy": 35.907441, "activity_lines": [ 9.435766, 9.841365, 9.89351, 9.938777 ] }, { "date": "2024-06-28", "close": 8.943107, "volume": 42713807, "typical_volume": 90399888.35, "trend": 10.17186, "fair_value": 18.1622, "relative_strength": -25.302745, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.157274, "energy": 48.559247, "activity_lines": [ 9.225454, 9.628596, 9.825336, 9.850893 ] }, { "date": "2024-07-05", "close": 8.869882, "volume": 24664533, "typical_volume": 87057077.4, "trend": 10.047862, "fair_value": 18.155519, "relative_strength": -24.427731, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.359115, "energy": 57.028367, "activity_lines": [ 9.069198, 9.436017, 9.746788, 9.766894 ] }, { "date": "2024-07-12", "close": 8.544652, "volume": 37571555, "typical_volume": 84877473.2, "trend": 9.923957, "fair_value": 18.140346, "relative_strength": -26.692469, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.789598, "energy": 63.52082, "activity_lines": [ 8.869871, 9.212474, 9.635133, 9.669913 ] }, { "date": "2024-07-19", "close": 8.968436, "volume": 43807816, "typical_volume": 83567244.5, "trend": 9.827363, "fair_value": 18.122922, "relative_strength": -22.349889, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.317013, "energy": 59.312414, "activity_lines": [ 8.862808, 9.093398, 9.56592, 9.608267 ] }, { "date": "2024-07-26", "close": 8.643207, "volume": 22438954, "typical_volume": 81810777.05, "trend": 9.72025, "fair_value": 18.087266, "relative_strength": -21.912577, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.541829, "energy": 61.341354, "activity_lines": [ 8.76044, 8.959809, 9.466485, 9.531869 ] }, { "date": "2024-08-02", "close": 8.731905, "volume": 24828578, "typical_volume": 78642071.3, "trend": 9.608375, "fair_value": 18.05231, "relative_strength": -20.57128, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.215033, "energy": 53.048296, "activity_lines": [ 8.73979, 8.877619, 9.376191, 9.468105 ] }, { "date": "2024-08-09", "close": 8.465809, "volume": 18293380, "typical_volume": 76616861.1, "trend": 9.525898, "fair_value": 18.014406, "relative_strength": -20.942813, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.653482, "energy": 57.875855, "activity_lines": [ 8.644521, 8.772288, 9.263444, 9.394391 ] }, { "date": "2024-08-16", "close": 8.367255, "volume": 17499301, "typical_volume": 75115652.65, "trend": 9.428238, "fair_value": 17.977537, "relative_strength": -21.441592, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.606236, "energy": 66.197784, "activity_lines": [ 8.543338, 8.674204, 9.143767, 9.31964 ] }, { "date": "2024-08-23", "close": 7.923761, "volume": 18976187, "typical_volume": 67881650.25, "trend": 9.346344, "fair_value": 17.927791, "relative_strength": -23.979938, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.553081, "energy": 78.525723, "activity_lines": [ 8.306151, 8.51262, 8.983721, 9.222577 ] }, { "date": "2024-08-30", "close": 8.672772, "volume": 30926108, "typical_volume": 54142785.1, "trend": 9.310321, "fair_value": 17.870131, "relative_strength": -15.461237, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.735737, "energy": 65.382393, "activity_lines": [ 8.388279, 8.509787, 8.90772, 9.179121 ] }, { "date": "2024-09-06", "close": 8.672772, "volume": 39249035, "typical_volume": 47383993.85, "trend": 9.325106, "fair_value": 17.813158, "relative_strength": -12.217121, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.398689, "energy": 47.823791, "activity_lines": [ 8.468437, 8.520641, 8.841965, 9.137989 ] }, { "date": "2024-09-13", "close": 8.495375, "volume": 19651028, "typical_volume": 42506469.75, "trend": 9.327547, "fair_value": 17.728475, "relative_strength": -11.27262, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.791208, "energy": 39.617832, "activity_lines": [ 8.493404, 8.504155, 8.769376, 9.084458 ] }, { "date": "2024-09-20", "close": 8.574219, "volume": 12467106, "typical_volume": 40774858.8, "trend": 9.313965, "fair_value": 17.659954, "relative_strength": -10.806365, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.818398, "energy": 26.145506, "activity_lines": [ 8.542681, 8.508814, 8.713457, 9.035856 ] }, { "date": "2024-09-27", "close": 9.599183, "volume": 45015185, "typical_volume": 34293490.85, "trend": 9.329724, "fair_value": 17.599571, "relative_strength": -10.795822, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -8.305325, "energy": 13.861203, "activity_lines": [ 8.919815, 8.699293, 8.762193, 9.054257 ] }, { "date": "2024-10-04", "close": 10.55516, "volume": 26026984, "typical_volume": 31778398.9, "trend": 9.388604, "fair_value": 17.528288, "relative_strength": -8.552487, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 43.342378, "energy": 39.716991, "activity_lines": [ 9.503914, 9.052117, 8.910658, 9.133317 ] }, { "date": "2024-10-11", "close": 9.402074, "volume": 93342878, "typical_volume": 33201711.95, "trend": 9.390718, "fair_value": 17.431048, "relative_strength": -14.781067, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 17.609149, "energy": 29.836148, "activity_lines": [ 9.578158, 9.160527, 8.949437, 9.134186 ] }, { "date": "2024-10-18", "close": 9.254243, "volume": 82590855, "typical_volume": 35338495.4, "trend": 9.399803, "fair_value": 17.338058, "relative_strength": -16.386945, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.113171, "energy": 29.997814, "activity_lines": [ 9.554505, 9.229873, 8.977557, 9.125382 ] }, { "date": "2024-10-25", "close": 9.658316, "volume": 108954190, "typical_volume": 38718607.55, "trend": 9.429753, "fair_value": 17.260241, "relative_strength": -12.914833, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.645247, "energy": 34.660841, "activity_lines": [ 9.614952, 9.358352, 9.046997, 9.14206 ] }, { "date": "2024-11-01", "close": 9.203108, "volume": 127232096, "typical_volume": 43936337.55, "trend": 9.38343, "fair_value": 17.183919, "relative_strength": -15.452394, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 12.872254, "energy": 13.103908, "activity_lines": [ 9.451389, 9.380592, 9.071423, 9.127438 ] }, { "date": "2024-11-08", "close": 10.252063, "volume": 203596058, "typical_volume": 51992281.7, "trend": 9.364354, "fair_value": 17.118308, "relative_strength": -9.98044, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.231164, "energy": 25.426503, "activity_lines": [ 9.663884, 9.570291, 9.195569, 9.183478 ] }, { "date": "2024-11-15", "close": 9.945294, "volume": 263378653, "typical_volume": 63025524.0, "trend": 9.336339, "fair_value": 17.046155, "relative_strength": -8.717352, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 28.576473, "energy": 23.379504, "activity_lines": [ 9.794328, 9.675498, 9.286562, 9.220958 ] }, { "date": "2024-11-22", "close": 9.401024, "volume": 140806390, "typical_volume": 68832616.85, "trend": 9.302401, "fair_value": 16.959662, "relative_strength": -11.218902, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 22.647826, "energy": 17.96211, "activity_lines": [ 9.707134, 9.658611, 9.320948, 9.225132 ] }, { "date": "2024-11-29", "close": 9.401024, "volume": 112984385, "typical_volume": 72603258.35, "trend": 9.280684, "fair_value": 16.890426, "relative_strength": -12.05372, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 12.668092, "energy": 14.109952, "activity_lines": [ 9.610155, 9.625258, 9.352804, 9.231494 ] }, { "date": "2024-12-06", "close": 9.757273, "volume": 130145924, "typical_volume": 76920163.75, "trend": 9.225177, "fair_value": 16.835666, "relative_strength": -10.110335, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.374335, "energy": 23.500017, "activity_lines": [ 9.649079, 9.641644, 9.414511, 9.262242 ] }, { "date": "2024-12-13", "close": 9.589044, "volume": 114004152, "typical_volume": 81498423.65, "trend": 9.192039, "fair_value": 16.763648, "relative_strength": -10.640749, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.170323, "energy": 15.446226, "activity_lines": [ 9.594982, 9.624569, 9.45644, 9.285717 ] }, { "date": "2024-12-20", "close": 9.361441, "volume": 60271825, "typical_volume": 83270586.0, "trend": 9.166751, "fair_value": 16.688799, "relative_strength": -11.470703, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.414951, "energy": 14.299025, "activity_lines": [ 9.509218, 9.583677, 9.472188, 9.296647 ] }, { "date": "2024-12-27", "close": 9.133837, "volume": 53953748, "typical_volume": 85053604.4, "trend": 9.142881, "fair_value": 16.598305, "relative_strength": -13.707709, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.37264, "energy": 11.615003, "activity_lines": [ 9.38651, 9.502141, 9.463262, 9.294523 ] }, { "date": "2025-01-03", "close": 8.371859, "volume": 44012958, "typical_volume": 86379287.25, "trend": 9.111619, "fair_value": 16.498873, "relative_strength": -15.498512, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.243774, "energy": 20.248297, "activity_lines": [ 9.027622, 9.284253, 9.378586, 9.24478 ] }, { "date": "2025-01-10", "close": 8.183839, "volume": 44711361, "typical_volume": 87666045.95, "trend": 9.078914, "fair_value": 16.419155, "relative_strength": -15.672158, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.981323, "energy": 48.198701, "activity_lines": [ 8.674671, 9.05557, 9.275981, 9.184923 ] }, { "date": "2025-01-17", "close": 8.480713, "volume": 47760872, "typical_volume": 88507784.15, "trend": 9.047422, "fair_value": 16.343791, "relative_strength": -13.883923, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.182713, "energy": 50.644801, "activity_lines": [ 8.525574, 8.899396, 9.200411, 9.146329 ] }, { "date": "2025-01-24", "close": 8.371859, "volume": 35298203, "typical_volume": 88310242.55, "trend": 9.02838, "fair_value": 16.269756, "relative_strength": -14.682293, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.094619, "energy": 54.678821, "activity_lines": [ 8.414081, 8.755637, 9.115388, 9.102745 ] }, { "date": "2025-01-31", "close": 8.342173, "volume": 7037895, "typical_volume": 87679585.9, "trend": 9.01079, "fair_value": 16.200172, "relative_strength": -14.503983, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.49466, "energy": 56.103967, "activity_lines": [ 8.358665, 8.635088, 9.028972, 9.058473 ] }, { "date": "2025-02-07", "close": 8.7479, "volume": 31064088, "typical_volume": 88609435.0, "trend": 9.017565, "fair_value": 16.137503, "relative_strength": -11.578443, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.379401, "energy": 37.96055, "activity_lines": [ 8.491269, 8.60756, 8.981925, 9.041513 ] }, { "date": "2025-02-14", "close": 8.738005, "volume": 48414795, "typical_volume": 88779415.5, "trend": 9.009884, "fair_value": 16.076242, "relative_strength": -12.630826, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.812404, "energy": 25.513844, "activity_lines": [ 8.595505, 8.590107, 8.93311, 9.023477 ] }, { "date": "2025-02-21", "close": 8.510401, "volume": 60760841, "typical_volume": 90516108.35, "trend": 9.005457, "fair_value": 16.01764, "relative_strength": -15.466255, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -48.491009, "energy": 33.305633, "activity_lines": [ 8.586929, 8.549804, 8.866718, 8.991252 ] }, { "date": "2025-02-28", "close": 8.718213, "volume": 71644782, "typical_volume": 89431203.55, "trend": 9.005, "fair_value": 15.95684, "relative_strength": -11.661759, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.538482, "energy": 24.079583, "activity_lines": [ 8.645644, 8.566897, 8.829855, 8.97272 ] }, { "date": "2025-03-07", "close": 9.598941, "volume": 349838325, "typical_volume": 102793577.05, "trend": 9.042771, "fair_value": 15.908386, "relative_strength": -4.20296, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -5.72516, "energy": 13.640432, "activity_lines": [ 8.974845, 8.755817, 8.880127, 9.011039 ] }, { "date": "2025-03-14", "close": 9.509877, "volume": 179297179, "typical_volume": 106310726.5, "trend": 9.080859, "fair_value": 15.851942, "relative_strength": -6.229094, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.593202, "energy": 22.042593, "activity_lines": [ 9.190573, 8.920088, 8.920276, 9.041175 ] }, { "date": "2025-03-21", "close": 9.133837, "volume": 91177007, "typical_volume": 104507972.05, "trend": 9.121195, "fair_value": 15.788217, "relative_strength": -8.334033, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.906658, "energy": 24.823258, "activity_lines": [ 9.230156, 8.995296, 8.925318, 9.044593 ] }, { "date": "2025-03-28", "close": 9.232795, "volume": 88820939, "typical_volume": 98769216.1, "trend": 9.139862, "fair_value": 15.728101, "relative_strength": -6.891139, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.006549, "energy": 27.28279, "activity_lines": [ 9.276337, 9.071224, 8.940115, 9.051793 ] }, { "date": "2025-04-04", "close": 8.738005, "volume": 58537615, "typical_volume": 88527164.2, "trend": 9.142036, "fair_value": 15.666806, "relative_strength": -11.1526, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.808704, "energy": 16.667169, "activity_lines": [ 9.109427, 9.043515, 8.912642, 9.025866 ] }, { "date": "2025-04-11", "close": 7.837485, "volume": 93032731, "typical_volume": 86138481.25, "trend": 9.120107, "fair_value": 15.595589, "relative_strength": -17.124335, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.889651, "energy": 35.676947, "activity_lines": [ 8.641025, 8.845419, 8.805155, 8.941702 ] }, { "date": "2025-04-18", "close": 7.926548, "volume": 40691725, "typical_volume": 82523848.25, "trend": 9.098518, "fair_value": 15.526772, "relative_strength": -16.563261, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -70.558, "energy": 64.137763, "activity_lines": [ 8.319741, 8.672692, 8.713595, 8.864698 ] }, { "date": "2025-04-25", "close": 8.005714, "volume": 47743521, "typical_volume": 78403728.1, "trend": 9.045402, "fair_value": 15.458365, "relative_strength": -15.670821, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.202501, "energy": 69.769027, "activity_lines": [ 8.130401, 8.529293, 8.636596, 8.794194 ] }, { "date": "2025-05-02", "close": 8.520296, "volume": 52160498, "typical_volume": 75311545.4, "trend": 8.977573, "fair_value": 15.400448, "relative_strength": -9.42518, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.214321, "energy": 64.348547, "activity_lines": [ 8.187797, 8.492768, 8.616946, 8.760317 ] }, { "date": "2025-05-09", "close": 8.520296, "volume": 50944133, "typical_volume": 74845160.8, "trend": 8.948181, "fair_value": 15.357336, "relative_strength": -10.488809, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.303652, "energy": 47.166046, "activity_lines": [ 8.292692, 8.456064, 8.602385, 8.730815 ] }, { "date": "2025-05-16", "close": 8.559879, "volume": 41853438, "typical_volume": 74240145.3, "trend": 8.925035, "fair_value": 15.321245, "relative_strength": -10.260027, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.647552, "energy": 26.208057, "activity_lines": [ 8.425296, 8.430154, 8.595599, 8.705763 ] }, { "date": "2025-05-23", "close": 8.530192, "volume": 49638409, "typical_volume": 74521417.85, "trend": 8.887431, "fair_value": 15.287676, "relative_strength": -9.614216, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.101062, "energy": 16.94893, "activity_lines": [ 8.499845, 8.41774, 8.588719, 8.680289 ] }, { "date": "2025-05-30", "close": 8.421338, "volume": 33755827, "typical_volume": 73973641.15, "trend": 8.861372, "fair_value": 15.254553, "relative_strength": -10.330911, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.607695, "energy": 15.878298, "activity_lines": [ 8.497866, 8.403346, 8.570718, 8.650219 ] }, { "date": "2025-06-06", "close": 8.698626, "volume": 30081495, "typical_volume": 73089672.3, "trend": 8.809591, "fair_value": 15.210721, "relative_strength": -8.111181, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.36241, "energy": 14.438175, "activity_lines": [ 8.560607, 8.452322, 8.577994, 8.639719 ] }, { "date": "2025-06-13", "close": 8.658769, "volume": 46786597, "typical_volume": 73664092.0, "trend": 8.766707, "fair_value": 15.164837, "relative_strength": -8.015951, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.711699, "energy": 13.262344, "activity_lines": [ 8.598175, 8.503764, 8.580437, 8.629989 ] }, { "date": "2025-06-20", "close": 8.559129, "volume": 38413327, "typical_volume": 75232863.6, "trend": 8.738644, "fair_value": 15.119229, "relative_strength": -8.234125, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.393993, "energy": 12.297161, "activity_lines": [ 8.593298, 8.538531, 8.572024, 8.616597 ] }, { "date": "2025-06-27", "close": 9.067296, "volume": 86470122, "typical_volume": 78003165.3, "trend": 8.727519, "fair_value": 15.06691, "relative_strength": -4.369922, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.425235, "energy": 19.846334, "activity_lines": [ 8.75786, 8.65257, 8.610975, 8.6378 ] }, { "date": "2025-07-04", "close": 9.007511, "volume": 59051198, "typical_volume": 78534985.45, "trend": 8.702527, "fair_value": 15.003552, "relative_strength": -6.04691, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.368317, "energy": 27.868583, "activity_lines": [ 8.866686, 8.734999, 8.642711, 8.655864 ] }, { "date": "2025-07-11", "close": 9.256613, "volume": 69406297, "typical_volume": 78967258.25, "trend": 8.691446, "fair_value": 14.938195, "relative_strength": -4.330944, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 74.327961, "energy": 67.430565, "activity_lines": [ 9.019468, 8.844504, 8.696888, 8.691611 ] }, { "date": "2025-07-18", "close": 9.316398, "volume": 60784187, "typical_volume": 78424228.5, "trend": 8.689945, "fair_value": 14.847891, "relative_strength": -4.126812, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.282429, "energy": 74.566123, "activity_lines": [ 9.15498, 8.951492, 8.753205, 8.731931 ] }, { "date": "2025-07-25", "close": 9.426003, "volume": 86538982, "typical_volume": 65259261.35, "trend": 8.699684, "fair_value": 14.756753, "relative_strength": -4.350648, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.4562, "energy": 77.165238, "activity_lines": [ 9.283184, 9.063933, 8.817112, 8.779418 ] }, { "date": "2025-08-01", "close": 9.286505, "volume": 115483455, "typical_volume": 62068575.15, "trend": 8.730172, "fair_value": 14.646973, "relative_strength": -4.608564, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.184797, "energy": 72.769852, "activity_lines": [ 9.307098, 9.135264, 8.868557, 8.817278 ] }, { "date": "2025-08-08", "close": 9.366218, "volume": 64532754, "typical_volume": 60736362.5, "trend": 8.769585, "fair_value": 14.512536, "relative_strength": -5.526148, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.071814, "energy": 67.232846, "activity_lines": [ 9.342969, 9.207336, 8.928658, 8.858313 ] }, { "date": "2025-08-15", "close": 9.535606, "volume": 76112423, "typical_volume": 60100936.7, "trend": 8.804748, "fair_value": 14.365, "relative_strength": -5.203219, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.302609, "energy": 63.357346, "activity_lines": [ 9.411388, 9.293027, 9.003784, 8.907734 ] }, { "date": "2025-08-22", "close": 9.645212, "volume": 86596496, "typical_volume": 61503880.75, "trend": 8.847193, "fair_value": 14.194035, "relative_strength": -7.179253, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.065868, "energy": 60.299259, "activity_lines": [ 9.497743, 9.383428, 9.087907, 8.961957 ] }, { "date": "2025-08-29", "close": 10.123487, "volume": 160154352, "typical_volume": 64859961.8, "trend": 8.90657, "fair_value": 14.052365, "relative_strength": -3.095702, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.048765, "energy": 76.447806, "activity_lines": [ 9.721603, 9.542854, 9.21326, 9.044299 ] }, { "date": "2025-09-05", "close": 11.080036, "volume": 322022891, "typical_volume": 78926520.1, "trend": 8.984308, "fair_value": 13.918959, "relative_strength": 7.499144, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.065816, "energy": 93.93148, "activity_lines": [ 10.217813, 9.847754, 9.418827, 9.184523 ] }, { "date": "2025-09-12", "close": 11.458671, "volume": 413124026, "typical_volume": 97195545.35, "trend": 9.074997, "fair_value": 13.795193, "relative_strength": 9.645728, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.31986, "energy": 94.346377, "activity_lines": [ 10.720666, 10.184901, 9.645438, 9.344159 ] }, { "date": "2025-09-19", "close": 10.940539, "volume": 228708274, "typical_volume": 106022934.15, "trend": 9.156001, "fair_value": 13.674007, "relative_strength": 6.275595, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.77341, "energy": 85.522178, "activity_lines": [ 10.911312, 10.383277, 9.80626, 9.464517 ] }, { "date": "2025-09-26", "close": 10.980396, "volume": 183653163, "typical_volume": 112658385.65, "trend": 9.231407, "fair_value": 13.555471, "relative_strength": 6.622497, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.153411, "energy": 79.680979, "activity_lines": [ 11.021581, 10.558282, 9.959354, 9.582219 ] }, { "date": "2025-10-03", "close": 11.58, "volume": 101646564, "typical_volume": 115648041.95, "trend": 9.297443, "fair_value": 13.429696, "relative_strength": 11.005278, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.720465, "energy": 68.03951, "activity_lines": [ 11.242705, 10.812051, 10.157837, 9.733742 ] }, { "date": "2025-10-10", "close": 11.3, "volume": 92914428, "typical_volume": 117811842.9, "trend": 9.357113, "fair_value": 13.333241, "relative_strength": 7.942329, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.355846, "energy": 60.199088, "activity_lines": [ 11.273396, 10.975748, 10.315273, 9.862939 ] }, { "date": "2025-10-17", "close": 10.91, "volume": 139957139, "typical_volume": 123121908.5, "trend": 9.416319, "fair_value": 13.225139, "relative_strength": 5.768368, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.959765, "energy": 51.871162, "activity_lines": [ 11.159422, 11.031927, 10.422376, 9.963125 ] }, { "date": "2025-10-24", "close": 10.82, "volume": 109003054, "typical_volume": 127067986.45, "trend": 9.469226, "fair_value": 13.110624, "relative_strength": 2.097547, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.153782, "energy": 44.528677, "activity_lines": [ 11.052026, 11.043674, 10.509057, 10.053685 ] }, { "date": "2025-10-31", "close": 12.8, "volume": 212868776, "typical_volume": 135372095.4, "trend": 9.604625, "fair_value": 13.006768, "relative_strength": 20.278581, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.195102, "energy": 57.314441, "activity_lines": [ 11.612667, 11.392067, 10.774207, 10.268574 ] }, { "date": "2025-11-07", "close": 14.33, "volume": 498627249, "typical_volume": 158382791.5, "trend": 9.821043, "fair_value": 12.925901, "relative_strength": 32.632094, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.507989, "energy": 68.637538, "activity_lines": [ 12.562, 11.961283, 11.165352, 10.573437 ] }, { "date": "2025-11-14", "close": 14.42, "volume": 316429078, "typical_volume": 169880739.3, "trend": 10.037491, "fair_value": 12.850954, "relative_strength": 33.106893, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.578446, "energy": 88.566108, "activity_lines": [ 13.358, 12.470381, 11.537588, 10.870144 ] }, { "date": "2025-11-21", "close": 12.65, "volume": 283106295, "typical_volume": 181083494.15, "trend": 10.192301, "fair_value": 12.744826, "relative_strength": 21.144914, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.082733, "energy": 73.047733, "activity_lines": [ 13.356, 12.596933, 11.715763, 11.038693 ] }, { "date": "2025-11-28", "close": 13.58, "volume": 215968767, "typical_volume": 188411617.65, "trend": 10.360957, "fair_value": 12.664954, "relative_strength": 27.654542, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.205783, "energy": 60.991676, "activity_lines": [ 13.548, 12.870916, 11.965165, 11.257254 ] }, { "date": "2025-12-05", "close": 13.14, "volume": 130424784, "typical_volume": 191893647.5, "trend": 10.514947, "fair_value": 12.601672, "relative_strength": 22.63723, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.153118, "energy": 49.829314, "activity_lines": [ 13.409333, 13.016909, 12.152074, 11.436547 ] }, { "date": "2025-12-12", "close": 12.72, "volume": 106371713, "typical_volume": 192885284.05, "trend": 10.653618, "fair_value": 12.533829, "relative_strength": 18.759361, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.454124, "energy": 38.306964, "activity_lines": [ 13.108, 13.047273, 12.280775, 11.578808 ] }, { "date": "2025-12-19", "close": 12.74, "volume": 87599913, "typical_volume": 191491106.95, "trend": 10.793945, "fair_value": 12.461032, "relative_strength": 18.502589, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.017683, "energy": 30.940742, "activity_lines": [ 12.920667, 13.060545, 12.395696, 11.713414 ] }, { "date": "2025-12-26", "close": 14.33, "volume": 186135522, "typical_volume": 197571245.35, "trend": 10.990901, "fair_value": 12.396985, "relative_strength": 29.98912, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 67.966084, "energy": 41.10142, "activity_lines": [ 13.375333, 13.336727, 12.6456, 11.941546 ] }, { "date": "2026-01-02", "close": 15.01, "volume": 181581224, "typical_volume": 202844685.4, "trend": 11.20128, "fair_value": 12.351395, "relative_strength": 34.884494, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 72.892328, "energy": 48.572693, "activity_lines": [ 13.944667, 13.674364, 12.936629, 12.200843 ] }, { "date": "2026-01-09", "close": 16.059999, "volume": 231797614, "typical_volume": 210104741.3, "trend": 11.447987, "fair_value": 12.318078, "relative_strength": 37.768371, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.788686, "energy": 69.688053, "activity_lines": [ 14.768666, 14.126727, 13.301589, 12.514309 ] }, { "date": "2026-01-16", "close": 16.209999, "volume": 197529145, "typical_volume": 211973480.95, "trend": 11.703016, "fair_value": 12.287427, "relative_strength": 38.425822, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.292135, "energy": 78.130795, "activity_lines": [ 15.447999, 14.547091, 13.650288, 12.821535 ] }, { "date": "2026-01-23", "close": 16.780001, "volume": 124587298, "typical_volume": 202101701.3, "trend": 11.960106, "fair_value": 12.242429, "relative_strength": 40.701178, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.97808, "energy": 80.724181, "activity_lines": [ 16.084667, 15.036909, 14.02429, 13.149083 ] }, { "date": "2026-01-30", "close": 17.09, "volume": 205433682, "typical_volume": 191717184.1, "trend": 12.229523, "fair_value": 12.202664, "relative_strength": 42.429917, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.293309, "energy": 79.827245, "activity_lines": [ 16.555333, 15.540182, 14.400673, 13.480044 ] }, { "date": "2026-02-06", "close": 17.77, "volume": 176240681, "typical_volume": 189093804.45, "trend": 12.513302, "fair_value": 12.16034, "relative_strength": 48.318103, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.664289, "energy": 79.175801, "activity_lines": [ 17.068667, 16.086364, 14.815002, 13.837494 ] }, { "date": "2026-02-13", "close": 19.92, "volume": 238209645, "typical_volume": 191821628.55, "trend": 12.866756, "fair_value": 12.129405, "relative_strength": 63.175473, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.76367, "energy": 86.430362, "activity_lines": [ 18.114667, 16.947273, 15.401571, 14.315345 ] }, { "date": "2026-02-27", "close": 20.41, "volume": 152773138, "typical_volume": 194377957.25, "trend": 13.232889, "fair_value": 12.109414, "relative_strength": 61.468244, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.284489, "energy": 91.20186, "activity_lines": [ 19.066667, 17.774, 15.992238, 14.802006 ] }, { "date": "2026-03-06", "close": 18.84, "volume": 157962544, "typical_volume": 197630363.05, "trend": 13.551339, "fair_value": 12.088638, "relative_strength": 48.616997, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.104486, "energy": 81.283424, "activity_lines": [ 19.215333, 18.175455, 16.391333, 15.163755 ] }, { "date": "2026-03-13", "close": 20.879999, "volume": 184917471, "typical_volume": 199878379.65, "trend": 13.935132, "fair_value": 12.082447, "relative_strength": 63.560751, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.936899, "energy": 77.984927, "activity_lines": [ 19.906666, 18.836909, 16.948809, 15.636572 ] }, { "date": "2026-03-20", "close": 19.82, "volume": 188554049, "typical_volume": 203855929.4, "trend": 14.277945, "fair_value": 12.075069, "relative_strength": 58.508849, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.924773, "energy": 58.078141, "activity_lines": [ 19.992, 19.186545, 17.357857, 16.016241 ] }, { "date": "2026-03-27", "close": 21.879999, "volume": 195670600, "typical_volume": 202996020.6, "trend": 14.685771, "fair_value": 12.088075, "relative_strength": 73.877343, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.145709, "energy": 59.83258, "activity_lines": [ 20.627333, 19.823272, 17.920238, 16.506696 ] }, { "date": "2026-04-03", "close": 22.01, "volume": 192347243, "typical_volume": 187682020.3, "trend": 15.081988, "fair_value": 12.100374, "relative_strength": 73.400438, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.427833, "energy": 59.065328, "activity_lines": [ 21.175333, 20.377818, 18.451762, 16.979227 ] }, { "date": "2026-04-10", "close": 24.209999, "volume": 130923595, "typical_volume": 178406746.15, "trend": 15.519653, "fair_value": 12.119497, "relative_strength": 81.954931, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.681598, "energy": 63.923597, "activity_lines": [ 22.349999, 21.226909, 19.156238, 17.568131 ] }, { "date": "2026-04-17", "close": 25.1, "volume": 166770854, "typical_volume": 172589974.1, "trend": 15.974364, "fair_value": 12.146948, "relative_strength": 81.657083, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.290452, "energy": 75.800848, "activity_lines": [ 23.463333, 22.102727, 19.898857, 18.186218 ] }, { "date": "2026-04-24", "close": 26.950001, "volume": 260913784, "typical_volume": 174837224.95, "trend": 16.508013, "fair_value": 12.189274, "relative_strength": 89.218056, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.30433, "energy": 82.987004, "activity_lines": [ 24.912, 23.169273, 20.758381, 18.894323 ] }, { "date": "2026-05-01", "close": 29.61618, "volume": 219254815, "typical_volume": 179278726.5, "trend": 17.129206, "fair_value": 12.250626, "relative_strength": 101.021364, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.808278, "energy": 91.030328, "activity_lines": [ 26.77406, 24.553669, 21.80816, 19.740011 ] }, { "date": "2026-05-08", "close": 30.671057, "volume": 176690511, "typical_volume": 182794666.4, "trend": 17.765574, "fair_value": 12.327166, "relative_strength": 99.724291, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.396134, "energy": 90.738982, "activity_lines": [ 28.472, 25.953567, 22.879945, 20.613679 ] }, { "date": "2026-05-15", "close": 29.855019, "volume": 274605500, "typical_volume": 192144945.75, "trend": 18.384075, "fair_value": 12.397557, "relative_strength": 91.816555, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.761151, "energy": 82.78695, "activity_lines": [ 29.320524, 27.01853, 23.788532, 21.393643 ] }, { "date": "2026-05-22", "close": 27.367102, "volume": 220842281, "typical_volume": 193880283.7, "trend": 18.932645, "fair_value": 12.457541, "relative_strength": 73.155244, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.632437, "energy": 63.718479, "activity_lines": [ 28.963408, 27.430871, 24.378674, 21.973194 ] }, { "date": "2026-05-29", "close": 26.322176, "volume": 128691760, "typical_volume": 191235810.5, "trend": 19.449384, "fair_value": 12.512368, "relative_strength": 65.117605, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.946512, "energy": 55.020537, "activity_lines": [ 28.106843, 27.535278, 24.807217, 22.449938 ] }, { "date": "2026-06-05", "close": 24.938892, "volume": 30148422, "typical_volume": 181153350.9, "trend": 19.854014, "fair_value": 12.560525, "relative_strength": 55.225683, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.080936, "energy": 37.39792, "activity_lines": [ 26.831038, 27.269958, 25.050152, 22.804099 ] }, { "date": "2026-06-12", "close": 26.342077, "volume": 36384153, "typical_volume": 173096101.3, "trend": 20.254417, "fair_value": 12.618594, "relative_strength": 60.73367, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.169374, "energy": 27.147876, "activity_lines": [ 26.33478, 27.204146, 25.384443, 23.222684 ] }, { "date": "2026-06-19", "close": 25.227491, "volume": 131150386, "typical_volume": 173424255.7, "trend": 20.614666, "fair_value": 12.668797, "relative_strength": 49.170848, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.014316, "energy": 24.884539, "activity_lines": [ 25.755593, 26.856917, 25.564335, 23.543527 ] }, { "date": "2026-06-26", "close": 26.77, "volume": 37380448, "typical_volume": 165021594.0, "trend": 21.085333, "fair_value": 12.72358, "relative_strength": 57.767906, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.374833, "energy": 20.970828, "activity_lines": [ 25.999077, 26.771645, 25.850907, 23.940646 ] }, { "date": "2026-07-03", "close": 24.059999, "volume": 27671080, "typical_volume": 157593113.95, "trend": 21.434666, "fair_value": 12.757899, "relative_strength": 39.12542, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.039907, "energy": 17.078224, "activity_lines": [ 25.379034, 26.163281, 25.833287, 24.13256 ] }, { "date": "2026-07-10", "close": 21.0, "volume": 181631584, "typical_volume": 154764210.9, "trend": 21.696666, "fair_value": 12.771242, "relative_strength": 21.421151, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -8.995233, "energy": 15.690746, "activity_lines": [ 23.889804, 25.051099, 25.494288, 24.104517 ] }, { "date": "2026-07-17", "close": 19.35, "volume": 143526138, "typical_volume": 154301860.9, "trend": 21.917666, "fair_value": 12.776606, "relative_strength": 17.470049, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -18.114217, "energy": 28.193805, "activity_lines": [ 22.113166, 23.795575, 24.993002, 23.953119 ] }, { "date": "2026-07-24", "close": 20.4, "volume": 145030320, "typical_volume": 153655249.7, "trend": 22.173, "fair_value": 12.79241, "relative_strength": 20.779782, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.875163, "energy": 45.419114, "activity_lines": [ 21.152667, 22.936798, 24.596764, 23.855205 ] }, { "date": "2026-07-31", "close": 21.68, "volume": 129393745, "typical_volume": 150879063.4, "trend": 22.418, "fair_value": 12.821862, "relative_strength": 26.091567, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.156036, "energy": 52.701866, "activity_lines": [ 20.940667, 22.482657, 24.315002, 23.823399 ] }, { "date": "2026-08-07", "close": 21.389999, "volume": 104902756, "typical_volume": 146696498.75, "trend": 22.630666, "fair_value": 12.850507, "relative_strength": 19.556705, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.30141, "energy": 50.991656, "activity_lines": [ 20.971333, 22.079191, 24.001811, 23.757076 ] } ], "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." } } }