{ "ticker": { "uuid": "6bd59ac9-14b1-4e88-91e7-f2870e34c0b9", "symbol": "300837", "name": "Zhe Kuang Heavy Industry 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": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -67.831, "architecture_energy": 67.163, "architecture_maturity": 52.934, "architecture_confidence": 95.349, "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": 4.37, "rotation_up": 23.62, "upward_expansion": 12.0, "deceleration": 57.53, "rotation_down": 64.73, "downward_expansion": 87.67 }, "activity_lines": [ 21.588667, 22.6, 25.911106, 29.186671 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.833333 }, "latest_close": 22.91, "trend_reference": 33.914065, "distance_from_trend": -0.324469, "trend_direction": "Weakening", "fair_value": 25.960365, "distance_from_fair_value": -0.117501, "fair_value_direction": "Weakening", "relative_strength": -28.14972, "relative_strength_direction": "Weakening", "price_momentum": -0.558744, "excess_performance": -0.566144, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.324469, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.049371, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.117501, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.40583, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.281497, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.237778, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.558744, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.283362, "read": "Supply-led" } ], "volume": { "latest": 9772520, "relative_activity": 1.253824, "balance": 0.283362, "dry_up": 1.320287, "accumulation_observations": 2, "distribution_observations": 5 }, "risk": { "range_context": 0.108039, "annualized_volatility": 0.415844, "from_high_reference": -0.665156, "from_low_reference": 0.221215 }, "levels": { "trend_reference": 33.914065, "fair_value_reference": 25.960365, "structural_low": 18.76, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 23, "median_return": -0.042929, "positive_rate": 0.304348, "directional_follow_through": 0.695652, "median_excess_return": -0.04315, "regime_survival": 0.913043, "best_return": 0.287753, "worst_return": -0.313719, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.173789, "positive_rate": 0.428571, "directional_follow_through": 0.571429, "median_excess_return": -0.109316, "regime_survival": 0.714286, "best_return": 0.26014, "worst_return": -0.208171, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.104671, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.147127, "regime_survival": 0.5, "best_return": 0.360555, "worst_return": -0.333077, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.101696, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.173911, "regime_survival": 0.333333, "best_return": 0.224769, "worst_return": -0.419292, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-03-10", "end": "2023-04-21", "tenure": "Developing", "return": -0.016376, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-04-28", "end": "2023-05-12", "tenure": "New", "return": -0.078323, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-05-19", "end": "2024-10-18", "tenure": "Extended", "return": -0.478548, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-25", "end": "2024-12-13", "tenure": "Developing", "return": -0.000439, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-20", "end": "2024-12-27", "tenure": "New", "return": -0.044312, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-03", "end": "2025-01-10", "tenure": "New", "return": -0.024698, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-17", "end": "2025-02-07", "tenure": "New", "return": 0.062011, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-14", "end": "2025-06-13", "tenure": "Established", "return": 0.087729, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-20", "end": "2025-10-10", "tenure": "Established", "return": 0.181176, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-17", "end": "2025-10-24", "tenure": "New", "return": 0.087684, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-31", "end": "2026-03-06", "tenure": "Established", "return": 0.551917, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-13", "end": "2026-05-15", "tenure": "Developing", "return": -0.180153, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-05-22", "end": "2026-06-12", "tenure": "New", "return": -0.145084, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-19", "end": "2026-08-07", "tenure": "Developing", "return": -0.126905, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 36.827156, "volume": 2815642, "typical_volume": 3211252.3, "trend": 41.487295, "fair_value": 44.878308, "relative_strength": -9.414886, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.324328, "energy": 40.260511, "activity_lines": [ 37.494619, 37.653428, 39.003691, 40.313942 ] }, { "date": "2023-08-04", "close": 35.708237, "volume": 3262800, "typical_volume": 3138594.0, "trend": 41.376065, "fair_value": 44.732108, "relative_strength": -13.198951, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.51364, "energy": 47.961208, "activity_lines": [ 36.875807, 37.216759, 38.529329, 39.941099 ] }, { "date": "2023-08-11", "close": 34.939583, "volume": 3149000, "typical_volume": 3118098.6, "trend": 41.134643, "fair_value": 44.561644, "relative_strength": -11.6358, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.845406, "energy": 61.48525, "activity_lines": [ 36.111047, 36.745233, 38.040997, 39.525842 ] }, { "date": "2023-08-18", "close": 33.752552, "volume": 3072500, "typical_volume": 2987843.25, "trend": 40.848184, "fair_value": 44.335378, "relative_strength": -11.7414, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.506967, "energy": 76.065015, "activity_lines": [ 35.14326, 36.13095, 37.487892, 39.049578 ] }, { "date": "2023-08-25", "close": 32.176331, "volume": 3014200, "typical_volume": 3046083.75, "trend": 40.526237, "fair_value": 44.089493, "relative_strength": -13.11494, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.734536, "energy": 83.384612, "activity_lines": [ 33.930283, 35.308759, 36.838143, 38.490104 ] }, { "date": "2023-09-01", "close": 31.612007, "volume": 4876674, "typical_volume": 3133119.8, "trend": 40.122736, "fair_value": 43.811624, "relative_strength": -17.159426, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.703999, "energy": 86.609698, "activity_lines": [ 32.907361, 34.490423, 36.185513, 37.914992 ] }, { "date": "2023-09-08", "close": 32.439037, "volume": 3087206, "typical_volume": 3196385.1, "trend": 39.752917, "fair_value": 43.60378, "relative_strength": -13.369645, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.312124, "energy": 86.542216, "activity_lines": [ 32.507793, 33.915483, 35.680368, 37.41927 ] }, { "date": "2023-09-15", "close": 30.746056, "volume": 4116841, "typical_volume": 3289873.65, "trend": 39.365276, "fair_value": 43.386059, "relative_strength": -16.727178, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.094481, "energy": 88.570806, "activity_lines": [ 31.761844, 33.122242, 35.072105, 36.838182 ] }, { "date": "2023-09-22", "close": 30.454163, "volume": 3800323, "typical_volume": 3429216.65, "trend": 38.899692, "fair_value": 43.170859, "relative_strength": -17.730405, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.093689, "energy": 89.523374, "activity_lines": [ 31.198166, 32.404716, 34.489167, 36.263272 ] }, { "date": "2023-09-29", "close": 30.755785, "volume": 2566176, "typical_volume": 3431985.75, "trend": 38.391717, "fair_value": 42.978516, "relative_strength": -16.236057, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.21755, "energy": 84.390516, "activity_lines": [ 30.954922, 31.878424, 33.977749, 35.737858 ] }, { "date": "2023-10-13", "close": 29.325508, "volume": 3572100, "typical_volume": 3507983.05, "trend": 37.856336, "fair_value": 42.756753, "relative_strength": -19.458691, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.540915, "energy": 84.515002, "activity_lines": [ 30.329621, 31.221045, 33.367565, 35.152942 ] }, { "date": "2023-10-20", "close": 28.167667, "volume": 2527550, "typical_volume": 3552624.95, "trend": 37.190338, "fair_value": 42.549344, "relative_strength": -18.303099, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.435971, "energy": 87.741117, "activity_lines": [ 29.470807, 30.489543, 32.702541, 34.527866 ] }, { "date": "2023-10-27", "close": 27.729828, "volume": 4839300, "typical_volume": 3641572.75, "trend": 36.612064, "fair_value": 42.340106, "relative_strength": -20.664131, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.514096, "energy": 70.836634, "activity_lines": [ 28.750804, 29.815536, 32.059198, 33.917511 ] }, { "date": "2023-11-03", "close": 27.622799, "volume": 4693400, "typical_volume": 3511371.75, "trend": 36.03344, "fair_value": 42.118102, "relative_strength": -20.979588, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.04937, "energy": 73.25544, "activity_lines": [ 28.196207, 29.253155, 31.459131, 33.337558 ] }, { "date": "2023-11-10", "close": 27.408747, "volume": 4347136, "typical_volume": 3493625.95, "trend": 35.518467, "fair_value": 41.871058, "relative_strength": -21.95141, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.377959, "energy": 69.055316, "activity_lines": [ 27.759017, 28.763306, 30.888474, 32.781126 ] }, { "date": "2023-11-17", "close": 28.050911, "volume": 3902903, "typical_volume": 3455425.0, "trend": 34.91872, "fair_value": 41.685411, "relative_strength": -19.360863, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.94014, "energy": 65.402606, "activity_lines": [ 27.759018, 28.476897, 30.42956, 32.299349 ] }, { "date": "2023-11-24", "close": 27.321178, "volume": 3485300, "typical_volume": 3494623.65, "trend": 34.341303, "fair_value": 41.52089, "relative_strength": -19.666726, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.25517, "energy": 65.580614, "activity_lines": [ 27.600747, 28.122557, 29.942469, 31.809185 ] }, { "date": "2023-12-01", "close": 27.087664, "volume": 4006426, "typical_volume": 3501029.6, "trend": 33.847482, "fair_value": 41.329556, "relative_strength": -18.839023, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.608593, "energy": 64.752, "activity_lines": [ 27.421071, 27.818811, 29.480954, 31.341208 ] }, { "date": "2023-12-08", "close": 26.367662, "volume": 4199200, "typical_volume": 3605871.45, "trend": 33.411708, "fair_value": 41.146661, "relative_strength": -19.003707, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.884609, "energy": 66.671868, "activity_lines": [ 27.044205, 27.450673, 29.002018, 30.858639 ] }, { "date": "2023-12-15", "close": 28.187126, "volume": 5332647, "typical_volume": 3733366.2, "trend": 33.063932, "fair_value": 40.973661, "relative_strength": -11.440463, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.130663, "energy": 57.151452, "activity_lines": [ 27.357502, 27.487645, 28.751546, 30.521569 ] }, { "date": "2023-12-22", "close": 28.187126, "volume": 4550728, "typical_volume": 3820120.5, "trend": 32.63797, "fair_value": 40.805906, "relative_strength": -9.643026, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.025019, "energy": 48.407991, "activity_lines": [ 27.618908, 27.571321, 28.547082, 30.206936 ] }, { "date": "2023-12-29", "close": 29.062807, "volume": 4036488, "typical_volume": 3858804.9, "trend": 32.224143, "fair_value": 40.632297, "relative_strength": -9.553152, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.858418, "energy": 36.75196, "activity_lines": [ 28.163127, 27.83491, 28.467159, 29.976281 ] }, { "date": "2024-01-05", "close": 28.936319, "volume": 4580528, "typical_volume": 3930381.3, "trend": 31.890079, "fair_value": 40.473859, "relative_strength": -5.716902, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.908215, "energy": 25.178155, "activity_lines": [ 28.549074, 28.059225, 28.406835, 29.764163 ] }, { "date": "2024-01-12", "close": 28.85848, "volume": 3818026, "typical_volume": 3967657.6, "trend": 31.5827, "fair_value": 40.337676, "relative_strength": -4.530839, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.540767, "energy": 23.337431, "activity_lines": [ 28.785832, 28.247452, 28.367684, 29.568576 ] }, { "date": "2024-01-19", "close": 26.503878, "volume": 3626000, "typical_volume": 3998247.6, "trend": 31.198443, "fair_value": 40.212202, "relative_strength": -9.87422, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.729977, "energy": 29.062535, "activity_lines": [ 28.071667, 27.985102, 28.12759, 29.24091 ] }, { "date": "2024-01-26", "close": 24.8109, "volume": 4856176, "typical_volume": 3997222.7, "trend": 30.801191, "fair_value": 40.081428, "relative_strength": -14.993728, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.217137, "energy": 52.838262, "activity_lines": [ 26.905393, 27.43139, 27.753272, 28.82881 ] }, { "date": "2024-02-02", "close": 19.858448, "volume": 3730403, "typical_volume": 4029382.55, "trend": 30.217729, "fair_value": 39.925617, "relative_strength": -25.552804, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.9821, "energy": 90.240106, "activity_lines": [ 24.313384, 26.036142, 26.939679, 28.122827 ] }, { "date": "2024-02-09", "close": 20.724398, "volume": 4841179, "typical_volume": 4065599.45, "trend": 29.647565, "fair_value": 39.778713, "relative_strength": -28.512982, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.762987, "energy": 92.058325, "activity_lines": [ 22.623648, 24.934025, 26.268464, 27.510354 ] }, { "date": "2024-02-23", "close": 21.92116, "volume": 3405688, "typical_volume": 4045867.7, "trend": 29.113076, "fair_value": 39.652656, "relative_strength": -25.931599, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.183456, "energy": 86.561059, "activity_lines": [ 21.880294, 24.165197, 25.758949, 27.011876 ] }, { "date": "2024-03-01", "close": 22.573053, "volume": 5450947, "typical_volume": 4190106.25, "trend": 28.603886, "fair_value": 39.541514, "relative_strength": -26.149424, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.673383, "energy": 82.043732, "activity_lines": [ 21.816726, 23.59574, 25.352152, 26.589939 ] }, { "date": "2024-03-08", "close": 23.828192, "volume": 8966147, "typical_volume": 4459808.6, "trend": 28.170587, "fair_value": 39.444152, "relative_strength": -20.921259, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.9988, "energy": 52.259853, "activity_lines": [ 22.433593, 23.356565, 25.103857, 26.28183 ] }, { "date": "2024-03-15", "close": 25.346035, "volume": 7570960, "typical_volume": 4711979.1, "trend": 27.82518, "fair_value": 39.339074, "relative_strength": -17.402026, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.890909, "energy": 31.906601, "activity_lines": [ 23.621921, 23.472614, 25.026297, 26.099601 ] }, { "date": "2024-03-22", "close": 24.548195, "volume": 4849170, "typical_volume": 4712472.6, "trend": 27.4788, "fair_value": 39.217169, "relative_strength": -18.923485, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.602174, "energy": 21.907769, "activity_lines": [ 24.178464, 23.511179, 24.886189, 25.888183 ] }, { "date": "2024-03-29", "close": 23.837923, "volume": 3128303, "typical_volume": 4634217.75, "trend": 27.148313, "fair_value": 39.053927, "relative_strength": -19.037261, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.644664, "energy": 20.662968, "activity_lines": [ 24.243329, 23.500388, 24.693586, 25.653287 ] }, { "date": "2024-04-05", "close": 25.005495, "volume": 2969348, "typical_volume": 4565328.35, "trend": 26.909285, "fair_value": 38.892496, "relative_strength": -15.702839, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.743678, "energy": 19.774919, "activity_lines": [ 24.569601, 23.793166, 24.630203, 25.515041 ] }, { "date": "2024-04-12", "close": 25.141712, "volume": 8375328, "typical_volume": 4788949.6, "trend": 26.693608, "fair_value": 38.753106, "relative_strength": -11.729291, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.401655, "energy": 15.856617, "activity_lines": [ 24.779116, 24.137953, 24.591238, 25.401004 ] }, { "date": "2024-04-19", "close": 22.427107, "volume": 6578289, "typical_volume": 4943599.05, "trend": 26.359877, "fair_value": 38.555687, "relative_strength": -21.12258, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.975487, "energy": 21.457866, "activity_lines": [ 23.996194, 23.983162, 24.307592, 25.125746 ] }, { "date": "2024-04-26", "close": 23.536301, "volume": 9277979, "typical_volume": 5207176.7, "trend": 26.119552, "fair_value": 38.415949, "relative_strength": -18.10755, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.510938, "energy": 21.988529, "activity_lines": [ 23.777599, 23.983339, 24.152889, 24.94358 ] }, { "date": "2024-05-03", "close": 23.283325, "volume": 5618904, "typical_volume": 5278161.9, "trend": 25.880524, "fair_value": 38.273553, "relative_strength": -19.277338, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.67586, "energy": 26.313896, "activity_lines": [ 23.542138, 23.886395, 23.991004, 24.760597 ] }, { "date": "2024-05-10", "close": 24.528734, "volume": 9832004, "typical_volume": 5503129.75, "trend": 25.672956, "fair_value": 38.149815, "relative_strength": -15.585037, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.214459, "energy": 22.873385, "activity_lines": [ 23.758787, 23.991122, 23.962417, 24.673385 ] }, { "date": "2024-05-17", "close": 23.993599, "volume": 5637812, "typical_volume": 5557483.95, "trend": 25.495226, "fair_value": 38.026246, "relative_strength": -16.674225, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.176198, "energy": 18.525549, "activity_lines": [ 23.828841, 23.962994, 23.900286, 24.565039 ] }, { "date": "2024-05-24", "close": 23.390354, "volume": 4902806, "typical_volume": 5600799.85, "trend": 25.335982, "fair_value": 37.89155, "relative_strength": -15.752939, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.010752, "energy": 19.573077, "activity_lines": [ 23.774355, 23.822178, 23.800671, 24.429241 ] }, { "date": "2024-05-31", "close": 23.789274, "volume": 3663700, "typical_volume": 5554958.45, "trend": 25.20463, "fair_value": 37.750982, "relative_strength": -13.111236, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.859108, "energy": 15.727445, "activity_lines": [ 23.788625, 23.789451, 23.766061, 24.329454 ] }, { "date": "2024-06-07", "close": 20.908123, "volume": 10617130, "typical_volume": 5894913.65, "trend": 24.980808, "fair_value": 37.590103, "relative_strength": -21.945441, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.186003, "energy": 44.820298, "activity_lines": [ 22.825647, 23.246676, 23.481566, 24.05226 ] }, { "date": "2024-06-14", "close": 21.115232, "volume": 3150700, "typical_volume": 5871148.65, "trend": 24.771024, "fair_value": 37.455911, "relative_strength": -20.477171, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.495119, "energy": 58.077967, "activity_lines": [ 22.090052, 22.794827, 23.254653, 23.802868 ] }, { "date": "2024-06-21", "close": 20.415009, "volume": 4527900, "typical_volume": 5854734.85, "trend": 24.516494, "fair_value": 37.315264, "relative_strength": -20.848067, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.80881, "energy": 67.532001, "activity_lines": [ 21.348616, 22.286397, 22.986713, 23.521834 ] }, { "date": "2024-06-28", "close": 20.47418, "volume": 3748300, "typical_volume": 5855629.7, "trend": 24.28826, "fair_value": 37.183962, "relative_strength": -18.098507, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.702847, "energy": 71.152889, "activity_lines": [ 20.865477, 21.874665, 22.745342, 23.26104 ] }, { "date": "2024-07-05", "close": 20.296659, "volume": 3757100, "typical_volume": 5801425.75, "trend": 24.061894, "fair_value": 37.053117, "relative_strength": -16.819734, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.940537, "energy": 68.922295, "activity_lines": [ 20.517575, 21.466164, 22.484131, 23.003517 ] }, { "date": "2024-07-12", "close": 19.87258, "volume": 3889100, "typical_volume": 5825596.35, "trend": 23.845391, "fair_value": 36.914152, "relative_strength": -19.383922, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.904937, "energy": 68.555719, "activity_lines": [ 20.261155, 21.039461, 22.184569, 22.733239 ] }, { "date": "2024-07-19", "close": 19.487949, "volume": 2457400, "typical_volume": 5675919.0, "trend": 23.555418, "fair_value": 36.784816, "relative_strength": -20.676396, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.480229, "energy": 71.142204, "activity_lines": [ 19.945561, 20.604838, 21.85813, 22.452114 ] }, { "date": "2024-07-26", "close": 19.842993, "volume": 3114888, "typical_volume": 5383356.05, "trend": 23.27728, "fair_value": 36.629574, "relative_strength": -15.699351, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.813839, "energy": 69.481324, "activity_lines": [ 19.8568, 20.326419, 21.580196, 22.212602 ] }, { "date": "2024-08-02", "close": 19.635883, "volume": 3788932, "typical_volume": 5194254.65, "trend": 22.96305, "fair_value": 36.48074, "relative_strength": -15.437761, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.603039, "energy": 64.446676, "activity_lines": [ 19.737137, 20.08581, 21.301515, 21.977673 ] }, { "date": "2024-08-09", "close": 19.261116, "volume": 2704900, "typical_volume": 5087041.15, "trend": 22.640543, "fair_value": 36.332083, "relative_strength": -14.855049, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.784675, "energy": 65.17522, "activity_lines": [ 19.548438, 19.845324, 21.014333, 21.738839 ] }, { "date": "2024-08-16", "close": 19.527397, "volume": 3204800, "typical_volume": 5090866.0, "trend": 22.329507, "fair_value": 36.190782, "relative_strength": -12.702319, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.293801, "energy": 49.441267, "activity_lines": [ 19.517536, 19.735583, 20.777687, 21.537991 ] }, { "date": "2024-08-23", "close": 18.028326, "volume": 2509790, "typical_volume": 5067888.1, "trend": 22.046988, "fair_value": 36.036739, "relative_strength": -17.137442, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.572677, "energy": 59.699676, "activity_lines": [ 19.009955, 19.378387, 20.418799, 21.260495 ] }, { "date": "2024-08-30", "close": 18.837036, "volume": 5026497, "typical_volume": 4900446.55, "trend": 21.84786, "fair_value": 35.904582, "relative_strength": -14.547739, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.171733, "energy": 51.10076, "activity_lines": [ 18.869253, 19.224356, 20.170155, 21.053402 ] }, { "date": "2024-09-06", "close": 17.27879, "volume": 5163200, "typical_volume": 4829692.1, "trend": 21.761871, "fair_value": 35.7477, "relative_strength": -18.896902, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.166529, "energy": 83.757666, "activity_lines": [ 18.276199, 18.815697, 19.80313, 20.758623 ] }, { "date": "2024-09-13", "close": 16.746223, "volume": 2705600, "typical_volume": 4501073.15, "trend": 21.629265, "fair_value": 35.563397, "relative_strength": -19.400891, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.556168, "energy": 90.854914, "activity_lines": [ 17.662762, 18.368307, 19.409899, 20.435033 ] }, { "date": "2024-09-20", "close": 16.588427, "volume": 1445100, "typical_volume": 4292382.95, "trend": 21.451507, "fair_value": 35.38373, "relative_strength": -20.418642, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.829486, "energy": 89.807162, "activity_lines": [ 17.164386, 17.956779, 19.033974, 20.109817 ] }, { "date": "2024-09-27", "close": 19.11318, "volume": 5235484, "typical_volume": 4062556.95, "trend": 21.336178, "fair_value": 35.196302, "relative_strength": -21.583748, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.360358, "energy": 71.933064, "activity_lines": [ 17.703526, 18.064009, 18.930382, 19.958958 ] }, { "date": "2024-10-04", "close": 21.608347, "volume": 3781874, "typical_volume": 3969760.05, "trend": 21.262183, "fair_value": 35.039175, "relative_strength": -19.322289, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.457023, "energy": 20.406436, "activity_lines": [ 19.002065, 18.63172, 19.090214, 19.976517 ] }, { "date": "2024-10-11", "close": 20.17831, "volume": 10541155, "typical_volume": 4251677.5, "trend": 21.089926, "fair_value": 34.882398, "relative_strength": -20.526488, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.515435, "energy": 20.736335, "activity_lines": [ 19.63917, 18.907327, 19.12521, 19.90659 ] }, { "date": "2024-10-18", "close": 21.36179, "volume": 9310245, "typical_volume": 4534004.75, "trend": 20.983712, "fair_value": 34.74469, "relative_strength": -17.744359, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 5.817631, "energy": 24.512917, "activity_lines": [ 20.477468, 19.388249, 19.288213, 19.924129 ] }, { "date": "2024-10-25", "close": 22.486094, "volume": 9040644, "typical_volume": 4455180.45, "trend": 20.938651, "fair_value": 34.625916, "relative_strength": -15.014305, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 34.852292, "energy": 40.446367, "activity_lines": [ 21.382829, 20.035397, 19.569853, 20.021057 ] }, { "date": "2024-11-01", "close": 21.992977, "volume": 9591800, "typical_volume": 4777235.45, "trend": 20.838234, "fair_value": 34.506866, "relative_strength": -15.090025, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.597686, "energy": 37.62947, "activity_lines": [ 21.73064, 20.539092, 19.797015, 20.089078 ] }, { "date": "2024-11-08", "close": 22.456509, "volume": 9674600, "typical_volume": 5034570.45, "trend": 20.748727, "fair_value": 34.382806, "relative_strength": -18.283946, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.975368, "energy": 52.489366, "activity_lines": [ 22.040975, 21.054982, 20.064143, 20.193483 ] }, { "date": "2024-11-15", "close": 21.332203, "volume": 7457442, "typical_volume": 5220027.55, "trend": 20.712231, "fair_value": 34.262775, "relative_strength": -18.911819, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.729235, "energy": 38.125459, "activity_lines": [ 21.919997, 21.300643, 20.214473, 20.231126 ] }, { "date": "2024-11-22", "close": 21.056059, "volume": 4669933, "typical_volume": 5265669.2, "trend": 20.629556, "fair_value": 34.148158, "relative_strength": -17.065455, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.996966, "energy": 25.123148, "activity_lines": [ 21.630045, 21.422398, 20.334418, 20.253309 ] }, { "date": "2024-11-29", "close": 21.884493, "volume": 4240933, "typical_volume": 5283260.85, "trend": 20.582928, "fair_value": 34.025651, "relative_strength": -14.726046, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.74712, "energy": 23.248831, "activity_lines": [ 21.63662, 21.616417, 20.529645, 20.334273 ] }, { "date": "2024-12-06", "close": 22.693203, "volume": 6585380, "typical_volume": 5489659.85, "trend": 20.521744, "fair_value": 33.90495, "relative_strength": -12.57136, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.475967, "energy": 25.24453, "activity_lines": [ 21.952872, 21.861182, 20.792311, 20.470419 ] }, { "date": "2024-12-13", "close": 22.476233, "volume": 5275071, "typical_volume": 5597669.0, "trend": 20.471165, "fair_value": 33.774753, "relative_strength": -12.310594, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 58.159721, "energy": 34.647636, "activity_lines": [ 22.150118, 22.001406, 21.019051, 20.596515 ] }, { "date": "2024-12-20", "close": 21.588623, "volume": 4682300, "typical_volume": 5642337.4, "trend": 20.411107, "fair_value": 33.640893, "relative_strength": -14.578018, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.751284, "energy": 31.336488, "activity_lines": [ 22.05018, 21.964468, 21.148717, 20.668609 ] }, { "date": "2024-12-27", "close": 20.631979, "volume": 4281300, "typical_volume": 5721157.4, "trend": 20.305864, "fair_value": 33.505997, "relative_strength": -17.71816, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.969908, "energy": 21.275545, "activity_lines": [ 21.614266, 21.727951, 21.177975, 20.682859 ] }, { "date": "2025-01-03", "close": 18.768, "volume": 3194800, "typical_volume": 5720657.4, "trend": 20.234527, "fair_value": 33.353135, "relative_strength": -18.614114, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.236653, "energy": 11.430447, "activity_lines": [ 20.585297, 21.165799, 21.023184, 20.583642 ] }, { "date": "2025-01-10", "close": 18.30447, "volume": 12302800, "typical_volume": 6210307.9, "trend": 20.140835, "fair_value": 33.197609, "relative_strength": -18.930806, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.474929, "energy": 31.499915, "activity_lines": [ 19.609584, 20.58697, 20.827863, 20.459122 ] }, { "date": "2025-01-17", "close": 18.925797, "volume": 5904890, "typical_volume": 6254227.55, "trend": 20.091194, "fair_value": 33.026602, "relative_strength": -18.275723, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.556626, "energy": 43.724527, "activity_lines": [ 19.133563, 20.188174, 20.690401, 20.380733 ] }, { "date": "2025-01-24", "close": 20.34597, "volume": 9106600, "typical_volume": 6451397.55, "trend": 20.086921, "fair_value": 32.860339, "relative_strength": -12.497371, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.579253, "energy": 39.706855, "activity_lines": [ 19.367628, 20.111786, 20.687771, 20.39717 ] }, { "date": "2025-01-31", "close": 20.00079, "volume": 1460400, "typical_volume": 6389137.55, "trend": 20.077058, "fair_value": 32.676759, "relative_strength": -12.179867, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.942332, "energy": 35.778664, "activity_lines": [ 19.569477, 19.990569, 20.637661, 20.391613 ] }, { "date": "2025-02-07", "close": 20.099411, "volume": 3403600, "typical_volume": 6487062.55, "trend": 20.084619, "fair_value": 32.496697, "relative_strength": -14.838639, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -11.851097, "energy": 11.486572, "activity_lines": [ 19.846279, 19.90647, 20.581445, 20.393055 ] }, { "date": "2025-02-14", "close": 20.198036, "volume": 8980147, "typical_volume": 6674295.7, "trend": 20.108289, "fair_value": 32.315732, "relative_strength": -15.458906, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.181159, "energy": 6.429694, "activity_lines": [ 20.067195, 19.872758, 20.517904, 20.400373 ] }, { "date": "2025-02-21", "close": 21.36179, "volume": 9210791, "typical_volume": 6945741.55, "trend": 20.158915, "fair_value": 32.157945, "relative_strength": -12.196009, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.62321, "energy": 14.87032, "activity_lines": [ 20.549792, 20.096006, 20.56003, 20.481244 ] }, { "date": "2025-02-28", "close": 20.710876, "volume": 7575306, "typical_volume": 6797449.1, "trend": 20.194748, "fair_value": 31.998442, "relative_strength": -11.482931, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 32.479906, "energy": 19.934376, "activity_lines": [ 20.653017, 20.221167, 20.541339, 20.516854 ] }, { "date": "2025-03-07", "close": 21.391376, "volume": 5924000, "typical_volume": 6628136.85, "trend": 20.265757, "fair_value": 31.84895, "relative_strength": -10.087238, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 34.239683, "energy": 23.342547, "activity_lines": [ 20.958749, 20.486015, 20.584921, 20.594056 ] }, { "date": "2025-03-14", "close": 21.549175, "volume": 6019900, "typical_volume": 6477099.65, "trend": 20.33315, "fair_value": 31.656937, "relative_strength": -10.002696, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 46.384699, "energy": 30.543266, "activity_lines": [ 21.224375, 20.765747, 20.64339, 20.676857 ] }, { "date": "2025-03-21", "close": 21.983118, "volume": 9041714, "typical_volume": 6449595.35, "trend": 20.464976, "fair_value": 31.495642, "relative_strength": -5.267244, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 52.102039, "energy": 43.522951, "activity_lines": [ 21.537997, 21.07381, 20.747649, 20.783306 ] }, { "date": "2025-03-28", "close": 21.371653, "volume": 6427100, "typical_volume": 6287220.35, "trend": 20.549463, "fair_value": 31.344059, "relative_strength": -6.775634, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 45.533593, "energy": 41.241649, "activity_lines": [ 21.528793, 21.203814, 20.79372, 20.841802 ] }, { "date": "2025-04-04", "close": 21.65766, "volume": 3891000, "typical_volume": 6108898.25, "trend": 20.695426, "fair_value": 31.207203, "relative_strength": -2.867678, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 46.393442, "energy": 40.605195, "activity_lines": [ 21.614266, 21.341348, 20.872196, 20.913298 ] }, { "date": "2025-04-11", "close": 19.478086, "volume": 7315577, "typical_volume": 6241180.45, "trend": 20.786488, "fair_value": 31.07541, "relative_strength": -7.307092, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -11.028588, "energy": 6.963847, "activity_lines": [ 20.910096, 21.058748, 20.741544, 20.83476 ] }, { "date": "2025-04-18", "close": 20.355833, "volume": 9230300, "typical_volume": 6490648.8, "trend": 20.912068, "fair_value": 30.957225, "relative_strength": -2.311987, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -13.98235, "energy": 11.854485, "activity_lines": [ 20.626061, 20.945242, 20.702001, 20.806976 ] }, { "date": "2025-04-25", "close": 20.375557, "volume": 5767900, "typical_volume": 6449774.8, "trend": 20.954147, "fair_value": 30.857402, "relative_strength": -3.174558, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.320767, "energy": 22.717929, "activity_lines": [ 20.428157, 20.830659, 20.671615, 20.772362 ] }, { "date": "2025-05-02", "close": 20.207897, "volume": 2959510, "typical_volume": 6333996.75, "trend": 20.907466, "fair_value": 30.755953, "relative_strength": -3.465169, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.094431, "energy": 28.107208, "activity_lines": [ 20.281536, 20.682365, 20.636299, 20.724217 ] }, { "date": "2025-05-09", "close": 20.730602, "volume": 4712120, "typical_volume": 6335487.75, "trend": 20.925875, "fair_value": 30.68051, "relative_strength": -2.769401, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.1055, "energy": 22.731381, "activity_lines": [ 20.386735, 20.650089, 20.661565, 20.712807 ] }, { "date": "2025-05-16", "close": 21.302616, "volume": 8660730, "typical_volume": 6554459.25, "trend": 20.923903, "fair_value": 30.610638, "relative_strength": -0.259665, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.205879, "energy": 5.092872, "activity_lines": [ 20.744408, 20.721456, 20.745395, 20.737113 ] }, { "date": "2025-05-23", "close": 20.947573, "volume": 4932510, "typical_volume": 6641344.75, "trend": 20.872619, "fair_value": 30.499992, "relative_strength": -1.089479, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.045666, "energy": 8.357277, "activity_lines": [ 20.862099, 20.729884, 20.792217, 20.73864 ] }, { "date": "2025-05-30", "close": 21.370001, "volume": 4277900, "typical_volume": 6240099.75, "trend": 20.851853, "fair_value": 30.409491, "relative_strength": 2.215017, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.659883, "energy": 13.031929, "activity_lines": [ 21.08115, 20.826055, 20.868892, 20.770729 ] }, { "date": "2025-06-06", "close": 21.959999, "volume": 3026900, "typical_volume": 6096200.25, "trend": 20.835303, "fair_value": 30.309203, "relative_strength": 3.659571, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 59.506802, "energy": 43.44261, "activity_lines": [ 21.43057, 21.040646, 20.98716, 20.842222 ] }, { "date": "2025-06-13", "close": 21.969999, "volume": 4554100, "typical_volume": 5868575.25, "trend": 20.856562, "fair_value": 30.209102, "relative_strength": 4.445626, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 60.26272, "energy": 53.082619, "activity_lines": [ 21.666517, 21.246358, 21.091931, 20.915428 ] }, { "date": "2025-06-20", "close": 21.25, "volume": 2973800, "typical_volume": 5944245.25, "trend": 20.863027, "fair_value": 30.112244, "relative_strength": 2.326298, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.855809, "energy": 46.417166, "activity_lines": [ 21.579838, 21.315483, 21.120397, 20.940811 ] }, { "date": "2025-06-27", "close": 22.309999, "volume": 4266320, "typical_volume": 5987381.25, "trend": 20.877211, "fair_value": 30.011191, "relative_strength": 3.721964, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.096342, "energy": 52.26196, "activity_lines": [ 21.849999, 21.545118, 21.243868, 21.034164 ] }, { "date": "2025-07-04", "close": 23.110001, "volume": 9661034, "typical_volume": 6021425.6, "trend": 20.891104, "fair_value": 29.920552, "relative_strength": 6.243123, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.380149, "energy": 57.02981, "activity_lines": [ 22.296, 21.884677, 21.433002, 21.178215 ] }, { "date": "2025-07-11", "close": 23.76, "volume": 9074984, "typical_volume": 6014635.25, "trend": 20.933896, "fair_value": 29.82783, "relative_strength": 7.341208, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.539927, "energy": 71.256992, "activity_lines": [ 22.842667, 22.292701, 21.670174, 21.363306 ] }, { "date": "2025-07-18", "close": 24.709999, "volume": 5727214, "typical_volume": 5922230.65, "trend": 21.037942, "fair_value": 29.729751, "relative_strength": 9.329435, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.187361, "energy": 85.912212, "activity_lines": [ 23.586, 22.808868, 21.986402, 21.606925 ] }, { "date": "2025-07-25", "close": 24.309999, "volume": 23327340, "typical_volume": 6792397.65, "trend": 21.160543, "fair_value": 29.633005, "relative_strength": 5.238861, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.916167, "energy": 80.126981, "activity_lines": [ 24.013333, 23.179955, 22.245492, 21.818025 ] }, { "date": "2025-08-01", "close": 24.41, "volume": 6998400, "typical_volume": 6841322.65, "trend": 21.348609, "fair_value": 29.546244, "relative_strength": 7.446452, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.650915, "energy": 79.745518, "activity_lines": [ 24.27, 23.514545, 22.500207, 22.027668 ] }, { "date": "2025-08-08", "close": 25.129999, "volume": 6251384, "typical_volume": 6701806.15, "trend": 21.576127, "fair_value": 29.472823, "relative_strength": 9.287679, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.846223, "energy": 79.630942, "activity_lines": [ 24.626666, 23.91709, 22.809871, 22.271629 ] }, { "date": "2025-08-15", "close": 25.209999, "volume": 10715633, "typical_volume": 6916232.8, "trend": 21.7856, "fair_value": 29.374298, "relative_strength": 5.035457, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.944136, "energy": 59.704967, "activity_lines": [ 24.875333, 24.265818, 23.112169, 22.506072 ] }, { "date": "2025-08-22", "close": 25.549999, "volume": 8451940, "typical_volume": 7144279.8, "trend": 21.959068, "fair_value": 29.273869, "relative_strength": 1.900579, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.599358, "energy": 58.813121, "activity_lines": [ 25.140666, 24.617272, 23.42857, 22.748936 ] }, { "date": "2025-08-29", "close": 24.219999, "volume": 8072820, "typical_volume": 7182141.95, "trend": 22.099708, "fair_value": 29.16906, "relative_strength": -7.134785, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.904129, "energy": 48.15874, "activity_lines": [ 24.906666, 24.661817, 23.599769, 22.894803 ] }, { "date": "2025-09-05", "close": 25.389999, "volume": 8818094, "typical_volume": 7161531.65, "trend": 22.276061, "fair_value": 29.074844, "relative_strength": -1.732458, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.408074, "energy": 46.961562, "activity_lines": [ 25.068666, 24.86509, 23.859816, 23.10708 ] }, { "date": "2025-09-12", "close": 25.9, "volume": 7018114, "typical_volume": 7224042.35, "trend": 22.466127, "fair_value": 28.965521, "relative_strength": -2.260089, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.568577, "energy": 47.797278, "activity_lines": [ 25.335333, 25.10509, 24.144462, 23.340882 ] }, { "date": "2025-09-19", "close": 25.01, "volume": 5742300, "typical_volume": 7363181.85, "trend": 22.587734, "fair_value": 28.861816, "relative_strength": -6.55478, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.579897, "energy": 38.698465, "activity_lines": [ 25.254, 25.132545, 24.31804, 23.505003 ] }, { "date": "2025-09-26", "close": 24.74, "volume": 5838500, "typical_volume": 7419500.85, "trend": 22.722038, "fair_value": 28.7841, "relative_strength": -8.41347, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.734746, "energy": 35.642997, "activity_lines": [ 25.096, 25.088181, 24.443036, 23.643859 ] }, { "date": "2025-10-03", "close": 25.24, "volume": 1750600, "typical_volume": 7073994.35, "trend": 22.850325, "fair_value": 28.706867, "relative_strength": -8.595754, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.920506, "energy": 34.179976, "activity_lines": [ 25.158667, 25.134181, 24.596559, 23.806308 ] }, { "date": "2025-10-10", "close": 25.1, "volume": 2265910, "typical_volume": 6940664.35, "trend": 22.968686, "fair_value": 28.630098, "relative_strength": -7.82868, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.398397, "energy": 26.06226, "activity_lines": [ 25.106667, 25.137818, 24.718, 23.951448 ] }, { "date": "2025-10-17", "close": 24.52, "volume": 5215600, "typical_volume": 6987549.35, "trend": 23.053249, "fair_value": 28.524613, "relative_strength": -5.112801, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.535342, "energy": 20.459107, "activity_lines": [ 24.880667, 25.023454, 24.764428, 24.051533 ] }, { "date": "2025-10-24", "close": 26.67, "volume": 7083900, "typical_volume": 7190399.35, "trend": 23.229861, "fair_value": 28.44281, "relative_strength": -1.351467, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 66.833229, "energy": 38.29787, "activity_lines": [ 25.463333, 25.311091, 25.000619, 24.284872 ] }, { "date": "2025-10-31", "close": 26.870001, "volume": 7664098, "typical_volume": 7345899.25, "trend": 23.403605, "fair_value": 28.318605, "relative_strength": -1.184375, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.447008, "energy": 46.252009, "activity_lines": [ 26.002, 25.608546, 25.233428, 24.51972 ] }, { "date": "2025-11-07", "close": 27.07, "volume": 8701248, "typical_volume": 7632271.65, "trend": 23.656669, "fair_value": 28.1877, "relative_strength": -0.648008, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.913364, "energy": 58.222336, "activity_lines": [ 26.465334, 25.918364, 25.461952, 24.756261 ] }, { "date": "2025-11-14", "close": 27.58, "volume": 5500320, "typical_volume": 7693971.65, "trend": 23.897475, "fair_value": 28.083639, "relative_strength": 2.564692, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.241138, "energy": 72.173743, "activity_lines": [ 26.976667, 26.269091, 25.711333, 25.009379 ] }, { "date": "2025-11-21", "close": 26.700001, "volume": 27741517, "typical_volume": 8597995.8, "trend": 24.108289, "fair_value": 27.927715, "relative_strength": 4.55001, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.505523, "energy": 49.972937, "activity_lines": [ 27.029334, 26.42, 25.85181, 25.190187 ] }, { "date": "2025-11-28", "close": 26.91, "volume": 13056100, "typical_volume": 8797051.6, "trend": 24.331693, "fair_value": 27.793495, "relative_strength": 1.742877, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.037943, "energy": 39.380809, "activity_lines": [ 27.006667, 26.594546, 25.99519, 25.370943 ] }, { "date": "2025-12-05", "close": 28.959999, "volume": 14204700, "typical_volume": 9220925.9, "trend": 24.606006, "fair_value": 27.693763, "relative_strength": 8.029434, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.113726, "energy": 46.363834, "activity_lines": [ 27.651333, 27.107273, 26.318809, 25.669543 ] }, { "date": "2025-12-12", "close": 26.549999, "volume": 11576300, "typical_volume": 8633373.9, "trend": 24.780919, "fair_value": 27.576354, "relative_strength": -1.698593, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.133604, "energy": 32.939228, "activity_lines": [ 27.353333, 27.105091, 26.392667, 25.794962 ] }, { "date": "2025-12-19", "close": 32.549999, "volume": 30969460, "typical_volume": 9831926.9, "trend": 25.167666, "fair_value": 27.508731, "relative_strength": 21.086081, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.451979, "energy": 59.21704, "activity_lines": [ 29.089999, 28.17, 27.027286, 26.296193 ] }, { "date": "2025-12-26", "close": 33.330002, "volume": 23033342, "typical_volume": 10671024.8, "trend": 25.566333, "fair_value": 27.465042, "relative_strength": 19.185139, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.774495, "energy": 78.034803, "activity_lines": [ 30.755333, 29.241273, 27.697429, 26.822796 ] }, { "date": "2026-01-02", "close": 34.02, "volume": 8497011, "typical_volume": 10560093.7, "trend": 25.968333, "fair_value": 27.426951, "relative_strength": 21.657393, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.851674, "energy": 83.028764, "activity_lines": [ 32.208667, 30.277818, 28.394238, 27.368193 ] }, { "date": "2026-01-09", "close": 37.279999, "volume": 50294990, "typical_volume": 12652246.2, "trend": 26.478666, "fair_value": 27.419658, "relative_strength": 26.786458, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.100693, "energy": 86.760597, "activity_lines": [ 34.274667, 31.773454, 29.359571, 28.097978 ] }, { "date": "2026-01-16", "close": 43.349998, "volume": 43615022, "typical_volume": 14429356.3, "trend": 27.215333, "fair_value": 27.447254, "relative_strength": 44.206653, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.662037, "energy": 94.272127, "activity_lines": [ 37.809333, 34.183454, 30.847143, 29.186451 ] }, { "date": "2026-01-23", "close": 57.209999, "volume": 43390230, "typical_volume": 16157963.1, "trend": 28.378666, "fair_value": 27.543585, "relative_strength": 84.869755, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 98.335527, "energy": 98.467829, "activity_lines": [ 44.843999, 38.817454, 33.563619, 31.121591 ] }, { "date": "2026-01-30", "close": 51.919998, "volume": 56871126, "typical_volume": 18650613.7, "trend": 29.339, "fair_value": 27.604955, "relative_strength": 67.995624, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.515106, "energy": 90.886142, "activity_lines": [ 48.471332, 41.950908, 35.624761, 32.640387 ] }, { "date": "2026-02-06", "close": 44.650002, "volume": 36428738, "typical_volume": 20184935.6, "trend": 30.035333, "fair_value": 27.623002, "relative_strength": 45.890592, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.361581, "energy": 79.563825, "activity_lines": [ 48.436, 43.304, 36.869619, 33.628193 ] }, { "date": "2026-02-13", "close": 41.799999, "volume": 18445414, "typical_volume": 20815281.3, "trend": 30.605, "fair_value": 27.610713, "relative_strength": 33.438764, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.673009, "energy": 59.2981, "activity_lines": [ 46.742, 43.816363, 37.749523, 34.387204 ] }, { "date": "2026-02-27", "close": 45.459999, "volume": 22822694, "typical_volume": 21868886.0, "trend": 31.31, "fair_value": 27.623062, "relative_strength": 39.726359, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.081834, "energy": 49.697053, "activity_lines": [ 45.966666, 44.760727, 38.896761, 35.345591 ] }, { "date": "2026-03-06", "close": 41.700001, "volume": 20636919, "typical_volume": 22787436.45, "trend": 31.886333, "fair_value": 27.618733, "relative_strength": 29.982657, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.778981, "energy": 31.426854, "activity_lines": [ 43.797333, 44.677636, 39.589619, 36.015914 ] }, { "date": "2026-03-13", "close": 39.209999, "volume": 16067600, "typical_volume": 23330036.45, "trend": 32.355666, "fair_value": 27.585325, "relative_strength": 20.50418, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.858034, "energy": 22.315538, "activity_lines": [ 41.832, 43.975454, 39.966285, 36.488408 ] }, { "date": "2026-03-20", "close": 35.91, "volume": 9414860, "typical_volume": 23446584.45, "trend": 32.712333, "fair_value": 27.520677, "relative_strength": 13.06376, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.41447, "energy": 20.473577, "activity_lines": [ 39.614, 42.566363, 39.958714, 36.71772 ] }, { "date": "2026-03-27", "close": 36.150002, "volume": 13185400, "typical_volume": 23722649.55, "trend": 33.065666, "fair_value": 27.461466, "relative_strength": 14.148312, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.322777, "energy": 21.187017, "activity_lines": [ 38.058667, 41.166546, 39.93, 36.939505 ] }, { "date": "2026-04-03", "close": 34.462135, "volume": 7165308, "typical_volume": 23645852.55, "trend": 33.407071, "fair_value": 27.373738, "relative_strength": 11.611383, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.191659, "energy": 15.920235, "activity_lines": [ 36.317379, 39.480388, 39.696346, 37.0296 ] }, { "date": "2026-04-10", "close": 36.392097, "volume": 6266900, "typical_volume": 23684181.55, "trend": 33.773808, "fair_value": 27.318059, "relative_strength": 9.569399, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.587358, "energy": 17.344401, "activity_lines": [ 35.952602, 38.306731, 39.611298, 37.222182 ] }, { "date": "2026-04-17", "close": 36.590042, "volume": 7561300, "typical_volume": 22675170.7, "trend": 34.130142, "fair_value": 27.264268, "relative_strength": 5.485496, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.055171, "energy": 15.780012, "activity_lines": [ 36.007667, 37.547571, 39.503139, 37.403875 ] }, { "date": "2026-04-24", "close": 35.837849, "volume": 9195306, "typical_volume": 22482131.0, "trend": 34.491071, "fair_value": 27.219267, "relative_strength": 2.668294, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.874811, "energy": 13.53246, "activity_lines": [ 35.986665, 36.930374, 39.276247, 37.514049 ] }, { "date": "2026-05-01", "close": 34.046455, "volume": 11271845, "typical_volume": 22335488.25, "trend": 34.801286, "fair_value": 27.142364, "relative_strength": -3.701221, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -4.47254, "energy": 22.859512, "activity_lines": [ 35.373342, 36.147691, 38.836232, 37.485365 ] }, { "date": "2026-05-08", "close": 34.887718, "volume": 5135800, "typical_volume": 22013463.25, "trend": 35.122876, "fair_value": 27.079826, "relative_strength": -4.371928, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -3.298779, "energy": 30.888826, "activity_lines": [ 35.180676, 35.658939, 38.452117, 37.490941 ] }, { "date": "2026-05-15", "close": 32.146187, "volume": 8690000, "typical_volume": 20899490.25, "trend": 35.357749, "fair_value": 27.017287, "relative_strength": -11.88627, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -36.174205, "energy": 52.594935, "activity_lines": [ 34.045794, 34.863949, 37.7672, 37.298896 ] }, { "date": "2026-05-22", "close": 31.324717, "volume": 10623069, "typical_volume": 20278976.6, "trend": 35.584573, "fair_value": 26.96526, "relative_strength": -14.276434, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.495546, "energy": 62.969892, "activity_lines": [ 32.92015, 34.093307, 37.005971, 37.038701 ] }, { "date": "2026-05-29", "close": 29.394758, "volume": 13407185, "typical_volume": 20524485.3, "trend": 35.675399, "fair_value": 26.906121, "relative_strength": -19.324216, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -54.303677, "energy": 72.283553, "activity_lines": [ 31.502207, 33.115132, 36.070485, 36.639358 ] }, { "date": "2026-06-05", "close": 28.1, "volume": 2112000, "typical_volume": 18115335.8, "trend": 35.716398, "fair_value": 26.823647, "relative_strength": -21.376575, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -56.407939, "energy": 80.423338, "activity_lines": [ 30.082218, 32.020005, 35.033714, 36.150622 ] }, { "date": "2026-06-12", "close": 26.780001, "volume": 1961200, "typical_volume": 16032644.7, "trend": 35.706732, "fair_value": 26.729432, "relative_strength": -23.078379, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -84.021298, "energy": 92.688533, "activity_lines": [ 28.61866, 30.831243, 33.914943, 35.574081 ] }, { "date": "2026-06-19", "close": 26.24, "volume": 6750331, "typical_volume": 14200649.75, "trend": 35.662065, "fair_value": 26.647904, "relative_strength": -29.335783, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.637726, "energy": 92.038, "activity_lines": [ 27.515616, 29.683973, 32.823648, 34.963324 ] }, { "date": "2026-06-26", "close": 24.110001, "volume": 1567500, "typical_volume": 11435468.45, "trend": 35.575732, "fair_value": 26.558354, "relative_strength": -33.72152, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.80025, "energy": 94.606397, "activity_lines": [ 26.096318, 28.334015, 31.676972, 34.218029 ] }, { "date": "2026-07-03", "close": 24.67, "volume": 2165800, "typical_volume": 9722321.55, "trend": 35.501065, "fair_value": 26.472703, "relative_strength": -31.052239, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.417567, "energy": 90.901217, "activity_lines": [ 25.344667, 27.312784, 30.716058, 33.514434 ] }, { "date": "2026-07-10", "close": 22.860001, "volume": 7662351, "typical_volume": 9183168.4, "trend": 35.297732, "fair_value": 26.383802, "relative_strength": -33.392315, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.046715, "energy": 92.424704, "activity_lines": [ 24.304667, 26.165515, 29.677905, 32.698881 ] }, { "date": "2026-07-17", "close": 20.9, "volume": 8076238, "typical_volume": 8445845.6, "trend": 35.109399, "fair_value": 26.278275, "relative_strength": -32.755881, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.366617, "energy": 93.190887, "activity_lines": [ 22.960667, 24.865271, 28.543277, 31.769995 ] }, { "date": "2026-07-24", "close": 19.9, "volume": 14032847, "typical_volume": 8115642.0, "trend": 34.687732, "fair_value": 26.163343, "relative_strength": -35.842589, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.945416, "energy": 85.164603, "activity_lines": [ 21.675334, 23.637532, 27.430363, 30.788744 ] }, { "date": "2026-07-31", "close": 21.23, "volume": 9280589, "typical_volume": 7776291.45, "trend": 34.284399, "fair_value": 26.056127, "relative_strength": -30.202426, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.831674, "energy": 74.098702, "activity_lines": [ 21.256, 22.874269, 26.547925, 29.920503 ] }, { "date": "2026-08-07", "close": 22.91, "volume": 9772520, "typical_volume": 7794174.45, "trend": 33.914065, "fair_value": 25.960365, "relative_strength": -28.14972, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.831181, "energy": 67.163449, "activity_lines": [ 21.588667, 22.6, 25.911106, 29.186671 ] } ], "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." } } }