{ "ticker": { "uuid": "68fd84f0-8c39-4827-b04b-95b3fbb0391d", "symbol": "301336", "name": "Chengdu Qushui Science and Technology Co., Ltd.", "exchange": "SHZ", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "399001.SZ", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 89.524, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -36.019, "architecture_energy": 21.493, "architecture_maturity": 30.039, "architecture_confidence": 55.06, "architecture_tenure": "Developing", "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": 43.13, "rotation_up": 21.99, "upward_expansion": 15.21, "deceleration": 60.74, "rotation_down": 38.6, "downward_expansion": 60.54 }, "activity_lines": [ 38.371999, 38.314727, 39.168285, 39.852204 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 39.919998, "trend_reference": 41.026642, "distance_from_trend": -0.026974, "trend_direction": "Weakening", "fair_value": 36.374306, "distance_from_fair_value": 0.097478, "fair_value_direction": "Weakening", "relative_strength": -6.316233, "relative_strength_direction": "Improving", "price_momentum": -0.137534, "excess_performance": -0.144934, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.026974, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.017023, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.097478, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.089762, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.063162, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.121552, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.137534, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.040691, "read": "Demand-led" } ], "volume": { "latest": 3778026, "relative_activity": 0.731581, "balance": 1.040691, "dry_up": 1.274361, "accumulation_observations": 4, "distribution_observations": 3 }, "risk": { "range_context": 0.088377, "annualized_volatility": 0.339826, "from_high_reference": -0.210428, "from_low_reference": 0.170331 }, "levels": { "trend_reference": 41.026642, "fair_value_reference": 36.374306, "structural_low": 34.110001, "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": 15, "median_return": -0.015436, "positive_rate": 0.466667, "directional_follow_through": 0.533333, "median_excess_return": -0.000652, "regime_survival": 0.866667, "best_return": 0.236523, "worst_return": -0.110541, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": -0.073247, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": 0.014381, "regime_survival": 0.6, "best_return": 0.508101, "worst_return": -0.122743, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.046329, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.049764, "regime_survival": 0.333333, "best_return": 2.110913, "worst_return": -0.219248, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.681666, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.469896, "regime_survival": 0.5, "best_return": 1.428853, "worst_return": -0.065521, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-03-15", "end": "2024-10-18", "tenure": "Extended", "return": 0.080848, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-25", "end": "2024-11-08", "tenure": "New", "return": -0.046866, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-15", "end": "2025-04-18", "tenure": "Established", "return": 0.86616, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-25", "end": "2025-06-06", "tenure": "Developing", "return": -0.057486, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-06-13", "end": "2025-07-04", "tenure": "New", "return": -0.02262, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-07-11", "end": "2025-12-12", "tenure": "Established", "return": -0.054752, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-19", "end": "2026-01-30", "tenure": "Developing", "return": 0.104323, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-02-06", "end": "2026-02-13", "tenure": "New", "return": -0.004882, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-27", "end": "2026-03-13", "tenure": "New", "return": -0.056489, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-20", "end": "2026-04-03", "tenure": "New", "return": -0.019291, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-10", "end": "2026-05-01", "tenure": "New", "return": 0.078545, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-08", "end": "2026-06-19", "tenure": "Developing", "return": -0.121885, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-26", "end": "2026-08-07", "tenure": "Developing", "return": 0.047494, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 39.960938, "volume": 14791930, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-04", "close": 35.482948, "volume": 9463551, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-11", "close": 35.437485, "volume": 4887892, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-18", "close": 33.952404, "volume": 8045787, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-25", "close": 32.012699, "volume": 5165235, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-01", "close": 34.816177, "volume": 6013662, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-08", "close": 34.00544, "volume": 19438789, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-15", "close": 33.118935, "volume": 5639285, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-22", "close": 33.755402, "volume": 3459521, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-29", "close": 33.876637, "volume": 1957519, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-13", "close": 33.118935, "volume": 3141102, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-20", "close": 32.103622, "volume": 2358249, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-27", "close": 33.550827, "volume": 2590590, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-03", "close": 34.088787, "volume": 2709714, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-10", "close": 34.187286, "volume": 2551689, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-17", "close": 34.285789, "volume": 2962898, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-24", "close": 33.853901, "volume": 3504336, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-01", "close": 34.164558, "volume": 3625533, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-08", "close": 32.611279, "volume": 4196039, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-15", "close": 33.262897, "volume": 2990260, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-22", "close": 32.596127, "volume": 2747940, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-29", "close": 33.17955, "volume": 2673320, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-05", "close": 33.50536, "volume": 2818923, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-12", "close": 32.831009, "volume": 2381914, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-19", "close": 31.171654, "volume": 2720145, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-26", "close": 30.118456, "volume": 3552685, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-02", "close": 24.034149, "volume": 3133119, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-09", "close": 19.851662, "volume": 5457355, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-23", "close": 24.700922, "volume": 5000420, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-01", "close": 23.943224, "volume": 5215853, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-08", "close": 23.609837, "volume": 2705034, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-15", "close": 25.534388, "volume": 2727111, "typical_volume": 3313243.9, "trend": 31.37598, "fair_value": 35.682873, "relative_strength": -18.217421, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.394545, "energy": 54.375886, "activity_lines": [ 24.212964, 25.176755, 28.156958, 29.672196 ] }, { "date": "2024-03-22", "close": 25.769274, "volume": 2571513, "typical_volume": 3312290.05, "trend": 31.053706, "fair_value": 35.560482, "relative_strength": -16.725936, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.399561, "energy": 45.484518, "activity_lines": [ 24.960054, 24.965702, 27.729833, 29.310473 ] }, { "date": "2024-03-29", "close": 25.534388, "volume": 2823080, "typical_volume": 3317958.35, "trend": 30.773106, "fair_value": 35.438213, "relative_strength": -15.805435, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.091465, "energy": 35.1727, "activity_lines": [ 25.23434, 24.852599, 27.317394, 28.954388 ] }, { "date": "2024-04-05", "close": 26.633051, "volume": 3773555, "typical_volume": 3379051.65, "trend": 30.593784, "fair_value": 35.332127, "relative_strength": -13.30234, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.538603, "energy": 25.622073, "activity_lines": [ 25.819283, 25.071918, 27.050324, 28.687288 ] }, { "date": "2024-04-12", "close": 24.496344, "volume": 3266195, "typical_volume": 3394216.5, "trend": 30.24979, "fair_value": 35.203129, "relative_strength": -17.200127, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.305003, "energy": 27.723527, "activity_lines": [ 25.512668, 24.985265, 26.61573, 28.293905 ] }, { "date": "2024-04-19", "close": 21.548901, "volume": 4064746, "typical_volume": 3422237.0, "trend": 29.834572, "fair_value": 35.042491, "relative_strength": -27.167879, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.692524, "energy": 41.837582, "activity_lines": [ 24.164472, 24.464933, 25.947045, 27.732557 ] }, { "date": "2024-04-26", "close": 23.102182, "volume": 2649903, "typical_volume": 3373455.5, "trend": 29.50068, "fair_value": 34.903651, "relative_strength": -22.987292, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.176474, "energy": 40.024775, "activity_lines": [ 23.599736, 24.272203, 25.484886, 27.298209 ] }, { "date": "2024-05-03", "close": 24.412994, "volume": 1139970, "typical_volume": 3220652.05, "trend": 29.189266, "fair_value": 34.783068, "relative_strength": -19.238883, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.130279, "energy": 40.117901, "activity_lines": [ 23.649743, 24.258702, 25.200244, 26.969972 ] }, { "date": "2024-05-10", "close": 25.48135, "volume": 3635269, "typical_volume": 3252902.5, "trend": 28.909423, "fair_value": 34.677367, "relative_strength": -16.762969, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.29171, "energy": 36.87271, "activity_lines": [ 24.130628, 24.444682, 25.05639, 26.730751 ] }, { "date": "2024-05-17", "close": 26.837626, "volume": 4280531, "typical_volume": 3329532.05, "trend": 28.700046, "fair_value": 34.58928, "relative_strength": -12.022373, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.554621, "energy": 18.864622, "activity_lines": [ 25.140385, 24.849292, 25.07876, 26.597087 ] }, { "date": "2024-05-24", "close": 24.405418, "volume": 5265520, "typical_volume": 3459142.05, "trend": 28.44344, "fair_value": 34.476126, "relative_strength": -17.34667, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.134166, "energy": 19.021259, "activity_lines": [ 25.183321, 24.752995, 24.896912, 26.320014 ] }, { "date": "2024-05-31", "close": 24.739538, "volume": 2316470, "typical_volume": 3434019.4, "trend": 28.14973, "fair_value": 34.36913, "relative_strength": -15.417978, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.841226, "energy": 17.575234, "activity_lines": [ 25.147196, 24.737975, 24.788667, 26.081053 ] }, { "date": "2024-06-07", "close": 22.664608, "volume": 3689270, "typical_volume": 3499387.2, "trend": 27.768924, "fair_value": 34.241907, "relative_strength": -21.20107, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.238454, "energy": 29.12336, "activity_lines": [ 24.31027, 24.364416, 24.524552, 25.727174 ] }, { "date": "2024-06-14", "close": 22.725412, "volume": 1946594, "typical_volume": 3460709.65, "trend": 27.386862, "fair_value": 34.118074, "relative_strength": -20.527097, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.743071, "energy": 41.158663, "activity_lines": [ 23.610171, 24.054091, 24.314639, 25.401786 ] }, { "date": "2024-06-21", "close": 22.421391, "volume": 2224820, "typical_volume": 3394316.4, "trend": 26.991382, "fair_value": 33.993641, "relative_strength": -19.520883, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.366083, "energy": 50.754426, "activity_lines": [ 22.992461, 23.759537, 24.115992, 25.081433 ] }, { "date": "2024-06-28", "close": 22.436592, "volume": 2291589, "typical_volume": 3352239.9, "trend": 26.610805, "fair_value": 33.871988, "relative_strength": -17.172252, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.928148, "energy": 53.800217, "activity_lines": [ 22.674234, 23.505473, 23.955445, 24.787576 ] }, { "date": "2024-07-05", "close": 21.896959, "volume": 2029950, "typical_volume": 3180869.65, "trend": 26.201885, "fair_value": 33.747248, "relative_strength": -17.463318, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.165788, "energy": 56.330867, "activity_lines": [ 22.307385, 23.137155, 23.751112, 24.483456 ] }, { "date": "2024-07-12", "close": 22.41379, "volume": 2141971, "typical_volume": 3037947.2, "trend": 25.861968, "fair_value": 33.630408, "relative_strength": -16.662243, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.132355, "energy": 44.281095, "activity_lines": [ 22.302317, 22.884719, 23.586262, 24.239063 ] }, { "date": "2024-07-19", "close": 21.46373, "volume": 1761645, "typical_volume": 2865236.8, "trend": 25.468663, "fair_value": 33.506259, "relative_strength": -20.236943, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.859024, "energy": 45.83287, "activity_lines": [ 21.997284, 22.495893, 23.34182, 23.955306 ] }, { "date": "2024-07-26", "close": 22.702608, "volume": 2981078, "typical_volume": 2879039.0, "trend": 25.138879, "fair_value": 33.397131, "relative_strength": -12.323128, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.707498, "energy": 35.783685, "activity_lines": [ 22.189323, 22.405366, 23.227175, 23.776851 ] }, { "date": "2024-08-02", "close": 22.512596, "volume": 3078708, "typical_volume": 2896618.85, "trend": 24.783314, "fair_value": 33.288286, "relative_strength": -12.124758, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.22757, "energy": 30.859704, "activity_lines": [ 22.299276, 22.355474, 23.098753, 23.607413 ] }, { "date": "2024-08-09", "close": 22.231379, "volume": 2105918, "typical_volume": 2873339.1, "trend": 24.407514, "fair_value": 33.178811, "relative_strength": -11.026367, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.092756, "energy": 26.620033, "activity_lines": [ 22.310424, 22.288866, 22.957938, 23.442772 ] }, { "date": "2024-08-16", "close": 22.20858, "volume": 1929070, "typical_volume": 2828638.6, "trend": 24.053433, "fair_value": 33.07126, "relative_strength": -10.362882, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.357045, "energy": 22.966321, "activity_lines": [ 22.291677, 22.263716, 22.831798, 23.300905 ] }, { "date": "2024-08-23", "close": 20.308458, "volume": 1946296, "typical_volume": 2737275.65, "trend": 23.691327, "fair_value": 32.947349, "relative_strength": -15.915477, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.344772, "energy": 43.361184, "activity_lines": [ 21.653236, 21.90138, 22.540532, 23.059294 ] }, { "date": "2024-08-30", "close": 21.433329, "volume": 2757560, "typical_volume": 2711843.9, "trend": 23.401823, "fair_value": 32.836638, "relative_strength": -12.64213, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.299631, "energy": 43.824681, "activity_lines": [ 21.466771, 21.787511, 22.386514, 22.913617 ] }, { "date": "2024-09-06", "close": 20.354065, "volume": 2020222, "typical_volume": 2609617.7, "trend": 23.279153, "fair_value": 32.717756, "relative_strength": -14.452052, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.333365, "energy": 61.811579, "activity_lines": [ 21.00517, 21.495377, 22.144294, 22.716987 ] }, { "date": "2024-09-13", "close": 19.936037, "volume": 1554540, "typical_volume": 2554849.55, "trend": 23.281966, "fair_value": 32.597174, "relative_strength": -14.195747, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.528514, "energy": 69.852046, "activity_lines": [ 20.548129, 21.165102, 21.867952, 22.501302 ] }, { "date": "2024-09-20", "close": 20.148851, "volume": 968890, "typical_volume": 2546295.55, "trend": 23.13023, "fair_value": 32.480834, "relative_strength": -13.800809, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.680032, "energy": 62.817336, "activity_lines": [ 20.315048, 20.909174, 21.626954, 22.299166 ] }, { "date": "2024-09-27", "close": 22.596758, "volume": 3330212, "typical_volume": 2531042.7, "trend": 23.085348, "fair_value": 32.389315, "relative_strength": -17.468146, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.467483, "energy": 33.483345, "activity_lines": [ 21.035251, 21.1395, 21.639396, 22.264748 ] }, { "date": "2024-10-04", "close": 25.223404, "volume": 2090903, "typical_volume": 2421561.3, "trend": 23.139133, "fair_value": 32.323573, "relative_strength": -16.238588, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -2.251408, "energy": 9.008512, "activity_lines": [ 22.47845, 21.826798, 21.915732, 22.402688 ] }, { "date": "2024-10-11", "close": 23.25913, "volume": 7752615, "typical_volume": 2545916.05, "trend": 23.063291, "fair_value": 32.241169, "relative_strength": -18.591927, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -7.011929, "energy": 17.731117, "activity_lines": [ 23.014219, 22.111122, 22.01268, 22.410429 ] }, { "date": "2024-10-18", "close": 27.598803, "volume": 12237547, "typical_volume": 3041969.9, "trend": 23.124276, "fair_value": 32.199345, "relative_strength": -5.773452, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 42.738953, "energy": 42.510607, "activity_lines": [ 24.802874, 23.170905, 22.528388, 22.703043 ] }, { "date": "2024-10-25", "close": 27.94141, "volume": 7391587, "typical_volume": 3227085.75, "trend": 23.20451, "fair_value": 32.161328, "relative_strength": -6.498768, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 52.607694, "energy": 70.02528, "activity_lines": [ 26.194881, 24.19539, 23.063111, 23.013826 ] }, { "date": "2024-11-01", "close": 25.41374, "volume": 5526862, "typical_volume": 3406099.15, "trend": 23.163866, "fair_value": 32.101615, "relative_strength": -13.02415, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.239619, "energy": 61.650459, "activity_lines": [ 26.224828, 24.656066, 23.331975, 23.156357 ] }, { "date": "2024-11-08", "close": 26.631895, "volume": 4892809, "typical_volume": 3539498.6, "trend": 23.235051, "fair_value": 32.053635, "relative_strength": -13.986532, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 64.942368, "energy": 70.942448, "activity_lines": [ 26.473027, 25.245401, 23.704053, 23.380101 ] }, { "date": "2024-11-15", "close": 26.05327, "volume": 6276135, "typical_volume": 3738725.9, "trend": 23.385197, "fair_value": 32.001458, "relative_strength": -12.013039, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.842395, "energy": 50.691039, "activity_lines": [ 26.434452, 25.635012, 24.000973, 23.561921 ] }, { "date": "2024-11-22", "close": 25.550783, "volume": 4073199, "typical_volume": 3840888.35, "trend": 23.466817, "fair_value": 31.945849, "relative_strength": -10.528381, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.589307, "energy": 35.671341, "activity_lines": [ 26.042105, 25.82964, 24.232815, 23.701636 ] }, { "date": "2024-11-29", "close": 27.347559, "volume": 4504224, "typical_volume": 3959001.0, "trend": 23.564636, "fair_value": 31.906547, "relative_strength": -5.222489, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.529375, "energy": 40.092008, "activity_lines": [ 26.385218, 26.248868, 24.61838, 23.952007 ] }, { "date": "2024-12-06", "close": 27.202904, "volume": 4557667, "typical_volume": 4098802.1, "trend": 23.622021, "fair_value": 31.866686, "relative_strength": -6.636778, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.226651, "energy": 38.3274, "activity_lines": [ 26.719703, 26.510909, 24.966674, 24.186734 ] }, { "date": "2024-12-13", "close": 30.065565, "volume": 9430932, "typical_volume": 4421294.8, "trend": 23.729619, "fair_value": 31.85155, "relative_strength": 4.393363, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.591048, "energy": 50.722554, "activity_lines": [ 27.88913, 27.209687, 25.560273, 24.602446 ] }, { "date": "2024-12-20", "close": 36.232471, "volume": 20316566, "typical_volume": 5283187.7, "trend": 24.123854, "fair_value": 31.888058, "relative_strength": 26.71901, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.532923, "energy": 82.516083, "activity_lines": [ 30.885282, 28.94168, 26.706134, 25.409082 ] }, { "date": "2024-12-27", "close": 43.092201, "volume": 26742857, "typical_volume": 6515034.65, "trend": 24.735609, "fair_value": 31.980654, "relative_strength": 49.976179, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.277886, "energy": 92.659256, "activity_lines": [ 35.489397, 31.685019, 28.43997, 26.632846 ] }, { "date": "2025-01-03", "close": 45.147835, "volume": 21880541, "typical_volume": 7512608.2, "trend": 25.48505, "fair_value": 32.088582, "relative_strength": 67.950022, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.684083, "energy": 96.092375, "activity_lines": [ 39.609295, 34.52041, 30.270244, 27.949764 ] }, { "date": "2025-01-10", "close": 41.995865, "volume": 20203752, "typical_volume": 8425481.0, "trend": 26.127399, "fair_value": 32.169129, "relative_strength": 57.157532, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.823102, "energy": 89.272078, "activity_lines": [ 41.491852, 36.469873, 31.691096, 29.014978 ] }, { "date": "2025-01-17", "close": 43.472874, "volume": 14180422, "typical_volume": 8996624.1, "trend": 26.829115, "fair_value": 32.260288, "relative_strength": 56.142781, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.055966, "energy": 88.546326, "activity_lines": [ 42.880547, 38.386389, 33.149341, 30.134041 ] }, { "date": "2025-01-24", "close": 44.287518, "volume": 15718699, "typical_volume": 9681547.95, "trend": 27.557479, "fair_value": 32.356506, "relative_strength": 56.209763, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.274056, "energy": 76.258261, "activity_lines": [ 43.64697, 40.144823, 34.580222, 31.260389 ] }, { "date": "2025-01-31", "close": 44.767166, "volume": 2099890, "typical_volume": 9708815.45, "trend": 28.319819, "fair_value": 32.455003, "relative_strength": 58.949135, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.498701, "energy": 63.501161, "activity_lines": [ 44.036273, 41.658933, 35.942815, 32.370692 ] }, { "date": "2025-02-07", "close": 40.945202, "volume": 7679925, "typical_volume": 10044367.2, "trend": 28.937533, "fair_value": 32.521855, "relative_strength": 38.752092, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.098831, "energy": 54.801068, "activity_lines": [ 43.039923, 42.128753, 36.823167, 33.185233 ] }, { "date": "2025-02-14", "close": 45.985317, "volume": 21547962, "typical_volume": 10955254.7, "trend": 29.754919, "fair_value": 32.627038, "relative_strength": 51.204355, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.90215, "energy": 52.940763, "activity_lines": [ 44.003787, 43.267727, 38.084501, 34.28509 ] }, { "date": "2025-02-21", "close": 57.86232, "volume": 26414673, "typical_volume": 12171443.2, "trend": 30.92691, "fair_value": 32.822661, "relative_strength": 82.910829, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.843049, "energy": 61.375625, "activity_lines": [ 48.660688, 46.224657, 40.365603, 36.09847 ] }, { "date": "2025-02-28", "close": 59.004337, "volume": 35229739, "typical_volume": 13545299.4, "trend": 32.143301, "fair_value": 33.024058, "relative_strength": 89.377735, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.572706, "energy": 60.877954, "activity_lines": [ 52.738966, 48.883832, 42.600045, 37.909917 ] }, { "date": "2025-03-07", "close": 65.978271, "volume": 28128115, "typical_volume": 14339827.8, "trend": 33.601531, "fair_value": 33.275617, "relative_strength": 102.49348, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.896249, "energy": 72.488152, "activity_lines": [ 58.160767, 52.39696, 45.328457, 40.092819 ] }, { "date": "2025-03-14", "close": 62.019272, "volume": 18453535, "typical_volume": 14892925.2, "trend": 34.928554, "fair_value": 33.493372, "relative_strength": 84.476095, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.889466, "energy": 74.665769, "activity_lines": [ 60.848827, 54.774161, 47.497061, 41.926221 ] }, { "date": "2025-03-21", "close": 65.399643, "volume": 29883886, "typical_volume": 16110776.4, "trend": 36.431593, "fair_value": 33.733269, "relative_strength": 95.615438, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.615277, "energy": 68.507422, "activity_lines": [ 63.258741, 57.45922, 49.82533, 43.892098 ] }, { "date": "2025-03-28", "close": 57.527328, "volume": 20022080, "typical_volume": 16867239.95, "trend": 37.634726, "fair_value": 33.910837, "relative_strength": 70.531945, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.271368, "energy": 55.201711, "activity_lines": [ 61.75026, 58.287427, 51.213446, 45.253113 ] }, { "date": "2025-04-04", "close": 61.463486, "volume": 17803500, "typical_volume": 17443608.2, "trend": 39.00504, "fair_value": 34.11493, "relative_strength": 82.973537, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.298922, "energy": 47.584376, "activity_lines": [ 61.576166, 59.575763, 52.829313, 46.790453 ] }, { "date": "2025-04-11", "close": 54.055588, "volume": 17003060, "typical_volume": 18090101.25, "trend": 40.142359, "fair_value": 34.261553, "relative_strength": 66.800909, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.500354, "energy": 33.551127, "activity_lines": [ 58.768828, 59.204918, 53.571045, 47.761456 ] }, { "date": "2025-04-18", "close": 48.619576, "volume": 10248147, "typical_volume": 18377297.4, "trend": 41.091383, "fair_value": 34.366356, "relative_strength": 48.540832, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.190665, "energy": 20.260633, "activity_lines": [ 54.944333, 57.676827, 53.659325, 48.308373 ] }, { "date": "2025-04-25", "close": 46.83802, "volume": 11398770, "typical_volume": 18719352.55, "trend": 41.899425, "fair_value": 34.45673, "relative_strength": 39.316984, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.624384, "energy": 18.910534, "activity_lines": [ 51.419298, 55.685283, 53.476638, 48.679124 ] }, { "date": "2025-05-02", "close": 51.779163, "volume": 11457591, "typical_volume": 18820685.5, "trend": 42.784617, "fair_value": 34.581352, "relative_strength": 51.968653, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.705813, "energy": 20.357153, "activity_lines": [ 50.778752, 54.576625, 53.671035, 49.316526 ] }, { "date": "2025-05-09", "close": 51.840069, "volume": 27825827, "typical_volume": 19196148.55, "trend": 43.737315, "fair_value": 34.704629, "relative_strength": 46.687239, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.55276, "energy": 14.887431, "activity_lines": [ 50.54172, 53.589643, 53.767835, 49.900749 ] }, { "date": "2025-05-16", "close": 49.38092, "volume": 18135480, "typical_volume": 18765779.7, "trend": 44.463386, "fair_value": 34.808716, "relative_strength": 37.4241, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.944606, "energy": 11.696534, "activity_lines": [ 50.126532, 52.285803, 53.556108, 50.264852 ] }, { "date": "2025-05-23", "close": 43.845932, "volume": 15810991, "typical_volume": 18462302.2, "trend": 44.993536, "fair_value": 34.872358, "relative_strength": 21.43917, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.653854, "energy": 10.647662, "activity_lines": [ 48.177993, 50.277371, 52.787293, 50.225017 ] }, { "date": "2025-05-30", "close": 41.355347, "volume": 10718112, "typical_volume": 17988020.2, "trend": 45.524923, "fair_value": 34.917694, "relative_strength": 14.674023, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -10.332641, "energy": 27.774578, "activity_lines": [ 45.717502, 48.14653, 51.787479, 49.990295 ] }, { "date": "2025-06-06", "close": 44.145496, "volume": 12311390, "typical_volume": 17894568.6, "trend": 46.10871, "fair_value": 34.981776, "relative_strength": 19.484399, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -21.157805, "energy": 41.450558, "activity_lines": [ 44.552572, 46.960158, 51.056443, 49.901299 ] }, { "date": "2025-06-13", "close": 42.242077, "volume": 20193465, "typical_volume": 18118306.9, "trend": 46.648337, "fair_value": 35.031847, "relative_strength": 13.990798, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.533836, "energy": 47.92385, "activity_lines": [ 43.26208, 45.671015, 50.140927, 49.651839 ] }, { "date": "2025-06-20", "close": 40.39217, "volume": 10040940, "typical_volume": 18515359.4, "trend": 47.14305, "fair_value": 35.068561, "relative_strength": 9.375898, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.99077, "energy": 55.673132, "activity_lines": [ 41.994818, 44.395007, 49.058969, 49.248216 ] }, { "date": "2025-06-27", "close": 42.754242, "volume": 9255557, "typical_volume": 18594141.0, "trend": 47.656606, "fair_value": 35.120845, "relative_strength": 10.692, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.139815, "energy": 47.046843, "activity_lines": [ 42.114164, 43.796891, 48.222804, 48.965067 ] }, { "date": "2025-07-04", "close": 41.286549, "volume": 6281860, "typical_volume": 17830835.9, "trend": 48.126061, "fair_value": 35.162505, "relative_strength": 4.803718, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.416571, "energy": 51.218415, "activity_lines": [ 41.817058, 43.038565, 47.238244, 48.554095 ] }, { "date": "2025-07-11", "close": 41.745201, "volume": 6713561, "typical_volume": 16845780.3, "trend": 48.515382, "fair_value": 35.206684, "relative_strength": 3.384649, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.824774, "energy": 64.613231, "activity_lines": [ 41.677423, 42.464566, 46.31974, 48.142427 ] }, { "date": "2025-07-18", "close": 43.855011, "volume": 11619402, "typical_volume": 15665263.45, "trend": 48.769467, "fair_value": 35.26434, "relative_strength": 5.578301, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.008771, "energy": 50.476094, "activity_lines": [ 42.401077, 42.456604, 45.678919, 47.841758 ] }, { "date": "2025-07-25", "close": 42.968281, "volume": 10183745, "typical_volume": 14768044.95, "trend": 48.765336, "fair_value": 35.315359, "relative_strength": 0.475518, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.704791, "energy": 43.892668, "activity_lines": [ 42.721626, 42.432602, 45.025787, 47.467488 ] }, { "date": "2025-08-01", "close": 42.066261, "volume": 7149048, "typical_volume": 14202820.6, "trend": 48.662617, "fair_value": 35.359773, "relative_strength": -0.647691, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.848974, "energy": 38.392089, "activity_lines": [ 42.569761, 42.361189, 44.39632, 47.035289 ] }, { "date": "2025-08-08", "close": 43.663906, "volume": 12223067, "typical_volume": 13319779.65, "trend": 48.718218, "fair_value": 35.414048, "relative_strength": 1.20868, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.801632, "energy": 31.054303, "activity_lines": [ 42.996309, 42.612615, 44.014023, 46.712792 ] }, { "date": "2025-08-15", "close": 45.926605, "volume": 17807551, "typical_volume": 13209053.2, "trend": 48.800009, "fair_value": 35.482312, "relative_strength": 1.177394, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.682754, "energy": 22.826331, "activity_lines": [ 44.0186, 43.233467, 43.950726, 46.532688 ] }, { "date": "2025-08-22", "close": 46.966221, "volume": 17304184, "typical_volume": 13184087.4, "trend": 48.889299, "fair_value": 35.556401, "relative_strength": -1.719282, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.390871, "energy": 19.586164, "activity_lines": [ 45.10867, 44.010956, 44.04168, 46.414379 ] }, { "date": "2025-08-29", "close": 43.946743, "volume": 15276231, "typical_volume": 13097745.95, "trend": 48.861952, "fair_value": 35.610186, "relative_strength": -12.261467, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -17.38298, "energy": 17.733538, "activity_lines": [ 44.984832, 44.153556, 43.914101, 46.095504 ] }, { "date": "2025-09-05", "close": 42.723663, "volume": 8055224, "typical_volume": 12988099.8, "trend": 48.921234, "fair_value": 35.392869, "relative_strength": -14.359498, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.542594, "energy": 18.202215, "activity_lines": [ 44.388071, 44.009149, 43.718174, 45.699486 ] }, { "date": "2025-09-12", "close": 42.685444, "volume": 5899776, "typical_volume": 12713150.1, "trend": 48.811238, "fair_value": 35.329588, "relative_strength": -16.969163, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.834255, "energy": 21.926602, "activity_lines": [ 43.734743, 43.858349, 43.546684, 45.297177 ] }, { "date": "2025-09-19", "close": 40.782028, "volume": 7327352, "typical_volume": 12506638.15, "trend": 48.241895, "fair_value": 35.287763, "relative_strength": -21.798427, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.456203, "energy": 38.321145, "activity_lines": [ 42.512174, 43.336038, 43.21369, 44.779163 ] }, { "date": "2025-09-26", "close": 39.367844, "volume": 5600460, "typical_volume": 11395369.8, "trend": 47.587345, "fair_value": 35.245419, "relative_strength": -25.517043, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.972752, "energy": 63.627727, "activity_lines": [ 41.161182, 42.574116, 42.798379, 44.206644 ] }, { "date": "2025-10-03", "close": 39.390778, "volume": 1736374, "typical_volume": 10575414.5, "trend": 46.701095, "fair_value": 35.221234, "relative_strength": -27.403288, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.648345, "energy": 68.82519, "activity_lines": [ 40.324393, 41.897949, 42.444644, 43.677833 ] }, { "date": "2025-10-10", "close": 38.687508, "volume": 2258504, "typical_volume": 9897790.15, "trend": 45.92337, "fair_value": 35.205674, "relative_strength": -27.987932, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.512413, "energy": 74.167048, "activity_lines": [ 39.556912, 41.158959, 42.071503, 43.160827 ] }, { "date": "2025-10-17", "close": 37.35741, "volume": 4614338, "typical_volume": 9592601.45, "trend": 44.988629, "fair_value": 35.189218, "relative_strength": -26.909064, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.600589, "energy": 76.724634, "activity_lines": [ 38.615142, 40.239566, 41.596249, 42.608185 ] }, { "date": "2025-10-24", "close": 39.910583, "volume": 6316486, "typical_volume": 9292856.25, "trend": 44.401404, "fair_value": 35.189129, "relative_strength": -25.572917, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.632299, "energy": 52.901821, "activity_lines": [ 38.879632, 39.899049, 41.383193, 42.280569 ] }, { "date": "2025-10-31", "close": 41.103088, "volume": 5835192, "typical_volume": 8574942.6, "trend": 43.722724, "fair_value": 35.205762, "relative_strength": -24.091339, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.492095, "energy": 38.888447, "activity_lines": [ 39.59972, 39.884734, 41.303875, 42.067774 ] }, { "date": "2025-11-07", "close": 41.340057, "volume": 7056694, "typical_volume": 8425730.3, "trend": 43.298873, "fair_value": 35.232219, "relative_strength": -24.052861, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.460876, "energy": 25.990427, "activity_lines": [ 40.283114, 40.020106, 41.25255, 41.914054 ] }, { "date": "2025-11-14", "close": 41.515877, "volume": 5493449, "typical_volume": 8237624.9, "trend": 43.062083, "fair_value": 35.282982, "relative_strength": -22.906692, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.989844, "energy": 19.728579, "activity_lines": [ 40.895164, 40.23484, 41.213455, 41.799022 ] }, { "date": "2025-11-21", "close": 38.144768, "volume": 7272633, "typical_volume": 8287163.55, "trend": 42.772308, "fair_value": 35.292482, "relative_strength": -25.545545, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.393614, "energy": 22.276359, "activity_lines": [ 40.194952, 39.858605, 40.859199, 41.481776 ] }, { "date": "2025-11-28", "close": 40.468613, "volume": 6297119, "typical_volume": 8266341.45, "trend": 42.39529, "fair_value": 35.300122, "relative_strength": -23.916255, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.950937, "energy": 18.204308, "activity_lines": [ 40.216865, 39.987445, 40.741223, 41.33315 ] }, { "date": "2025-12-05", "close": 41.470013, "volume": 21375939, "typical_volume": 8754168.3, "trend": 42.049621, "fair_value": 35.325385, "relative_strength": -23.231961, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.601978, "energy": 14.801383, "activity_lines": [ 40.535375, 40.304056, 40.724697, 41.273455 ] }, { "date": "2025-12-12", "close": 39.459576, "volume": 9977006, "typical_volume": 8743831.35, "trend": 41.71891, "fair_value": 35.347031, "relative_strength": -27.62076, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.296312, "energy": 24.383709, "activity_lines": [ 40.159279, 40.216912, 40.528058, 41.106355 ] }, { "date": "2025-12-19", "close": 41.913376, "volume": 9469736, "typical_volume": 8859865.75, "trend": 41.654491, "fair_value": 35.373832, "relative_strength": -22.351227, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.881497, "energy": 10.384911, "activity_lines": [ 40.726481, 40.574662, 40.581823, 41.118901 ] }, { "date": "2025-12-26", "close": 40.506836, "volume": 6350273, "typical_volume": 8566226.05, "trend": 41.626207, "fair_value": 35.396349, "relative_strength": -27.151629, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.614217, "energy": 9.114411, "activity_lines": [ 40.798337, 40.618025, 40.502359, 41.044859 ] }, { "date": "2026-01-02", "close": 39.48251, "volume": 3629986, "typical_volume": 7857347.8, "trend": 41.470775, "fair_value": 35.423309, "relative_strength": -28.023513, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.033085, "energy": 15.48316, "activity_lines": [ 40.371279, 40.417886, 40.340374, 40.906556 ] }, { "date": "2026-01-09", "close": 43.679195, "volume": 20313730, "typical_volume": 8007825.1, "trend": 41.518679, "fair_value": 35.491416, "relative_strength": -23.29492, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.73709, "energy": 6.253468, "activity_lines": [ 41.408857, 40.988563, 40.60876, 41.049035 ] }, { "date": "2026-01-16", "close": 42.891838, "volume": 26250402, "typical_volume": 8556533.65, "trend": 41.602001, "fair_value": 35.556987, "relative_strength": -25.070873, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.802011, "energy": 17.345712, "activity_lines": [ 42.036703, 41.369246, 40.817811, 41.137626 ] }, { "date": "2026-01-23", "close": 43.266407, "volume": 8180770, "typical_volume": 8562810.95, "trend": 41.619073, "fair_value": 35.61757, "relative_strength": -24.775102, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.502019, "energy": 25.510031, "activity_lines": [ 42.560589, 41.789818, 41.06756, 41.245007 ] }, { "date": "2026-01-30", "close": 46.285885, "volume": 15138929, "typical_volume": 9024768.6, "trend": 41.785718, "fair_value": 35.694661, "relative_strength": -17.744442, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 39.940231, "energy": 48.027528, "activity_lines": [ 44.000764, 42.727558, 41.602293, 41.546091 ] }, { "date": "2026-02-06", "close": 46.973866, "volume": 13367391, "typical_volume": 9326770.55, "trend": 41.960006, "fair_value": 35.772009, "relative_strength": -14.52115, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 40.087217, "energy": 53.387781, "activity_lines": [ 45.284997, 43.642366, 42.185403, 41.880811 ] }, { "date": "2026-02-13", "close": 46.744537, "volume": 15053074, "typical_volume": 9799401.25, "trend": 42.056324, "fair_value": 35.838663, "relative_strength": -15.710619, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 65.351024, "energy": 63.505484, "activity_lines": [ 45.993364, 44.397199, 42.717187, 42.18949 ] }, { "date": "2026-02-27", "close": 45.062805, "volume": 6984468, "typical_volume": 10061805.95, "trend": 42.126141, "fair_value": 35.893669, "relative_strength": -20.114904, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.536022, "energy": 59.351195, "activity_lines": [ 45.936797, 44.750364, 43.053679, 42.383457 ] }, { "date": "2026-03-06", "close": 42.838329, "volume": 9208063, "typical_volume": 10409283.9, "trend": 42.151877, "fair_value": 35.937167, "relative_strength": -21.34404, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.571169, "energy": 33.484022, "activity_lines": [ 44.994006, 44.597201, 43.151307, 42.429404 ] }, { "date": "2026-03-13", "close": 42.517269, "volume": 6369615, "typical_volume": 10497047.75, "trend": 42.113656, "fair_value": 35.958036, "relative_strength": -21.301013, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 37.796268, "energy": 19.504097, "activity_lines": [ 43.972734, 44.368846, 43.198592, 42.452978 ] }, { "date": "2026-03-20", "close": 38.832748, "volume": 6277236, "typical_volume": 10495085.25, "trend": 41.877194, "fair_value": 35.952245, "relative_strength": -24.884175, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.314528, "energy": 14.928767, "activity_lines": [ 41.97453, 43.434025, 42.870399, 42.241306 ] }, { "date": "2026-03-27", "close": 39.428997, "volume": 8151596, "typical_volume": 10610905.45, "trend": 41.625953, "fair_value": 35.958001, "relative_strength": -21.832316, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.620149, "energy": 22.617477, "activity_lines": [ 40.717816, 42.619426, 42.604125, 42.083358 ] }, { "date": "2026-04-03", "close": 38.083611, "volume": 5531436, "typical_volume": 10534642.55, "trend": 41.430515, "fair_value": 35.971986, "relative_strength": -21.131733, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.346569, "energy": 36.827697, "activity_lines": [ 39.500344, 41.637489, 42.21769, 41.85482 ] }, { "date": "2026-04-10", "close": 39.513084, "volume": 3653798, "typical_volume": 10442660.0, "trend": 41.323496, "fair_value": 35.98765, "relative_strength": -22.333017, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.383745, "energy": 38.948534, "activity_lines": [ 39.224641, 41.002877, 41.982903, 41.731115 ] }, { "date": "2026-04-17", "close": 39.253181, "volume": 6029998, "typical_volume": 10380528.25, "trend": 41.209087, "fair_value": 35.990734, "relative_strength": -24.663989, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.421441, "energy": 40.983279, "activity_lines": [ 39.083988, 40.389253, 41.7329, 41.597546 ] }, { "date": "2026-04-24", "close": 39.895294, "volume": 5894363, "typical_volume": 10360390.45, "trend": 41.179529, "fair_value": 35.998611, "relative_strength": -22.736497, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.722545, "energy": 31.959324, "activity_lines": [ 39.374978, 40.020245, 41.538772, 41.512785 ] }, { "date": "2026-05-01", "close": 42.61665, "volume": 6356682, "typical_volume": 9609427.6, "trend": 41.287823, "fair_value": 36.013454, "relative_strength": -17.506777, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 7.380152, "energy": 8.820572, "activity_lines": [ 40.50225, 40.274729, 41.606551, 41.605503 ] }, { "date": "2026-05-08", "close": 42.784817, "volume": 4293593, "typical_volume": 9325256.95, "trend": 41.400958, "fair_value": 36.037197, "relative_strength": -18.471387, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.731075, "energy": 9.495148, "activity_lines": [ 41.473068, 40.634842, 41.684886, 41.702083 ] }, { "date": "2026-05-15", "close": 43.335205, "volume": 5972409, "typical_volume": 9150390.6, "trend": 41.555881, "fair_value": 36.097449, "relative_strength": -16.295313, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.393603, "energy": 19.35898, "activity_lines": [ 42.313934, 41.136443, 41.799805, 41.826873 ] }, { "date": "2026-05-22", "close": 42.425541, "volume": 9416574, "typical_volume": 9303705.65, "trend": 41.724819, "fair_value": 36.156216, "relative_strength": -17.221544, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.033465, "energy": 19.624085, "activity_lines": [ 42.596771, 41.463617, 41.821318, 41.88298 ] }, { "date": "2026-05-29", "close": 40.279999, "volume": 6487251, "typical_volume": 9446568.9, "trend": 41.737132, "fair_value": 36.19954, "relative_strength": -20.485708, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -2.859971, "energy": 9.201626, "activity_lines": [ 41.952937, 41.40236, 41.629357, 41.789766 ] }, { "date": "2026-06-05", "close": 40.869999, "volume": 1097862, "typical_volume": 8485775.5, "trend": 41.729363, "fair_value": 36.238291, "relative_strength": -17.239465, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.449463, "energy": 3.796651, "activity_lines": [ 41.480123, 41.422062, 41.489789, 41.733822 ] }, { "date": "2026-06-12", "close": 37.330002, "volume": 1026069, "typical_volume": 7224558.85, "trend": 41.595694, "fair_value": 36.248556, "relative_strength": -21.774732, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -65.452106, "energy": 41.859966, "activity_lines": [ 39.943753, 40.771928, 41.026455, 41.449992 ] }, { "date": "2026-06-19", "close": 37.57, "volume": 5902704, "typical_volume": 7110655.55, "trend": 41.464165, "fair_value": 36.254115, "relative_strength": -25.693579, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -65.459455, "energy": 60.063155, "activity_lines": [ 38.851036, 40.179132, 40.612464, 41.19027 ] }, { "date": "2026-06-26", "close": 38.110001, "volume": 1262300, "typical_volume": 6416824.1, "trend": 41.463006, "fair_value": 36.265321, "relative_strength": -22.673893, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.665364, "energy": 65.842434, "activity_lines": [ 38.322667, 39.719847, 40.277027, 40.973872 ] }, { "date": "2026-07-03", "close": 39.400002, "volume": 789706, "typical_volume": 5787939.85, "trend": 41.427386, "fair_value": 36.28839, "relative_strength": -18.308122, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.004784, "energy": 63.211517, "activity_lines": [ 38.512001, 39.515893, 40.10338, 40.840775 ] }, { "date": "2026-07-10", "close": 38.220001, "volume": 5093386, "typical_volume": 5289955.45, "trend": 41.319052, "fair_value": 36.316961, "relative_strength": -17.138029, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.939475, "energy": 49.686639, "activity_lines": [ 38.366668, 39.106398, 39.853417, 40.633847 ] }, { "date": "2026-07-17", "close": 39.009998, "volume": 8030544, "typical_volume": 5342259.25, "trend": 41.304066, "fair_value": 36.33889, "relative_strength": -6.538835, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.846065, "energy": 30.653569, "activity_lines": [ 38.661333, 38.920478, 39.719286, 40.484876 ] }, { "date": "2026-07-24", "close": 34.900002, "volume": 9031134, "typical_volume": 5333412.8, "trend": 41.070287, "fair_value": 36.339282, "relative_strength": -16.009733, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.220492, "energy": 41.378934, "activity_lines": [ 37.474001, 38.05592, 39.222549, 40.071711 ] }, { "date": "2026-07-31", "close": 38.759998, "volume": 5484493, "typical_volume": 5289156.7, "trend": 41.012059, "fair_value": 36.361163, "relative_strength": -4.772769, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.013126, "energy": 32.744425, "activity_lines": [ 37.751333, 38.046546, 39.131233, 39.92266 ] }, { "date": "2026-08-07", "close": 39.919998, "volume": 3778026, "typical_volume": 5164196.2, "trend": 41.026642, "fair_value": 36.374306, "relative_strength": -6.316233, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.019149, "energy": 21.492582, "activity_lines": [ 38.371999, 38.314727, 39.168285, 39.852204 ] } ], "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." } } }