{ "ticker": { "uuid": "6e14e291-26e2-4e5f-b9c5-5f8aa3bf5703", "symbol": "601838", "name": "Bank of Chengdu Co., Ltd.", "exchange": "SHH", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "000001.SS", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 70.59, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 29.87, "architecture_energy": 21.078, "architecture_maturity": 19.505, "architecture_confidence": 65.148, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 46.66, "rotation_up": 46.63, "upward_expansion": 66.63, "deceleration": 58.94, "rotation_down": 20.2, "downward_expansion": 12.3 }, "activity_lines": [ 18.221933, 18.099549, 18.218624, 17.991628 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.166667 }, "latest_close": 17.879999, "trend_reference": 17.547653, "distance_from_trend": 0.01894, "trend_direction": "Improving", "fair_value": 15.272489, "distance_from_fair_value": 0.170732, "fair_value_direction": "Weakening", "relative_strength": 2.738148, "relative_strength_direction": "Improving", "price_momentum": 0.109181, "excess_performance": 0.152385, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.01894, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.028866, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.170732, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.116283, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.027381, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.051953, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.109181, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.533387, "read": "Demand-led" } ], "volume": { "latest": 108918665, "relative_activity": 1.282963, "balance": 1.533387, "dry_up": 1.346013, "accumulation_observations": 5, "distribution_observations": 4 }, "risk": { "range_context": 0.043134, "annualized_volatility": 0.19581, "from_high_reference": -0.075969, "from_low_reference": 0.163305 }, "levels": { "trend_reference": 17.547653, "fair_value_reference": 15.272489, "structural_low": 15.76, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 11, "median_return": 0.001648, "positive_rate": 0.545455, "directional_follow_through": 0.545455, "median_excess_return": -0.041512, "regime_survival": 0.363636, "best_return": 0.164625, "worst_return": -0.104906, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.025752, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.00205, "regime_survival": 0.0, "best_return": 0.2081, "worst_return": -0.09283, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.074151, "positive_rate": 0.833333, "directional_follow_through": 0.833333, "median_excess_return": 0.037327, "regime_survival": 0.166667, "best_return": 0.205937, "worst_return": -0.082837, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.244855, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.138709, "regime_survival": 0.0, "best_return": 0.361339, "worst_return": 0.106041, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-16", "end": "2024-09-13", "tenure": "Developing", "return": -0.102406, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-09-20", "end": "2024-09-27", "tenure": "New", "return": 0.104478, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-04", "end": "2024-10-18", "tenure": "New", "return": 0.006984, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-25", "end": "2025-02-21", "tenure": "Established", "return": 0.054054, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-02-28", "end": "2025-03-28", "tenure": "Developing", "return": 0.074143, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-04-04", "end": "2025-08-08", "tenure": "Established", "return": 0.151394, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-15", "end": "2025-09-26", "tenure": "Developing", "return": -0.047227, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-03", "end": "2025-10-17", "tenure": "New", "return": 0.073043, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-24", "end": "2025-11-07", "tenure": "New", "return": -0.069079, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-14", "end": "2026-03-13", "tenure": "Established", "return": 0.005276, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-20", "end": "2026-03-27", "tenure": "New", "return": -0.002341, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-04-03", "end": "2026-05-01", "tenure": "Developing", "return": 0.115967, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-08", "end": "2026-06-26", "tenure": "Developing", "return": -0.094361, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-03", "end": "2026-08-07", "tenure": "Developing", "return": 0.021798, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 12.45183, "volume": 167644820, "typical_volume": 83505583.4, "trend": 11.526601, "fair_value": 10.654642, "relative_strength": 0.81454, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 3.422238, "energy": 17.280538, "activity_lines": [ 11.342858, 11.008543, 11.079965, 11.242135 ] }, { "date": "2023-08-04", "close": 12.45183, "volume": 162230730, "typical_volume": 87410393.85, "trend": 11.509075, "fair_value": 10.692071, "relative_strength": 0.564396, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.400894, "energy": 42.682105, "activity_lines": [ 11.820149, 11.297879, 11.198766, 11.301827 ] }, { "date": "2023-08-11", "close": 12.352935, "volume": 80428650, "typical_volume": 87363156.85, "trend": 11.493059, "fair_value": 10.729776, "relative_strength": 2.933366, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.225894, "energy": 56.893336, "activity_lines": [ 12.124795, 11.537462, 11.303341, 11.35627 ] }, { "date": "2023-08-18", "close": 12.46082, "volume": 114622595, "typical_volume": 89739523.55, "trend": 11.495342, "fair_value": 10.767666, "relative_strength": 5.715411, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.417166, "energy": 67.584807, "activity_lines": [ 12.332882, 11.767922, 11.413652, 11.418706 ] }, { "date": "2023-08-25", "close": 12.586687, "volume": 79986365, "typical_volume": 91354984.25, "trend": 11.508889, "fair_value": 10.802069, "relative_strength": 9.01192, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.695851, "energy": 74.758156, "activity_lines": [ 12.479401, 11.993341, 11.531384, 11.489115 ] }, { "date": "2023-09-01", "close": 12.622649, "volume": 128958107, "typical_volume": 93330312.3, "trend": 11.529289, "fair_value": 10.832105, "relative_strength": 6.734549, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 70.979871, "energy": 78.783921, "activity_lines": [ 12.533344, 12.19123, 11.647657, 11.560971 ] }, { "date": "2023-09-08", "close": 12.27202, "volume": 74153598, "typical_volume": 92234712.6, "trend": 11.543091, "fair_value": 10.859742, "relative_strength": 4.287628, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.093082, "energy": 53.998226, "activity_lines": [ 12.459022, 12.284784, 11.726249, 11.608889 ] }, { "date": "2023-09-15", "close": 12.325963, "volume": 55972974, "typical_volume": 86205721.35, "trend": 11.579331, "fair_value": 10.886966, "relative_strength": 4.781073, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.850347, "energy": 47.273968, "activity_lines": [ 12.414669, 12.353321, 11.807603, 11.659397 ] }, { "date": "2023-09-22", "close": 12.595678, "volume": 59108013, "typical_volume": 86241077.9, "trend": 11.59346, "fair_value": 10.917839, "relative_strength": 6.719586, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.787718, "energy": 45.645139, "activity_lines": [ 12.462019, 12.435245, 11.911446, 11.724968 ] }, { "date": "2023-09-29", "close": 12.370916, "volume": 46157900, "typical_volume": 81925693.3, "trend": 11.594442, "fair_value": 10.945958, "relative_strength": 5.79547, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.713085, "energy": 34.696378, "activity_lines": [ 12.425458, 12.445618, 11.989845, 11.775126 ] }, { "date": "2023-10-13", "close": 12.281011, "volume": 64976505, "typical_volume": 80945381.4, "trend": 11.613633, "fair_value": 10.969964, "relative_strength": 6.054292, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.614449, "energy": 31.072402, "activity_lines": [ 12.373313, 12.415051, 12.054775, 11.819421 ] }, { "date": "2023-10-20", "close": 11.9124, "volume": 54201934, "typical_volume": 78515272.55, "trend": 11.629302, "fair_value": 10.995649, "relative_strength": 6.819321, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.859957, "energy": 23.121533, "activity_lines": [ 12.221074, 12.320569, 12.080121, 11.838696 ] }, { "date": "2023-10-27", "close": 11.337008, "volume": 104473276, "typical_volume": 78949453.2, "trend": 11.627204, "fair_value": 11.018403, "relative_strength": 0.785477, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.651539, "energy": 14.877231, "activity_lines": [ 11.901012, 12.131278, 12.044915, 11.819838 ] }, { "date": "2023-11-03", "close": 11.040322, "volume": 108437060, "typical_volume": 81418954.35, "trend": 11.611825, "fair_value": 11.039104, "relative_strength": -1.981451, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -33.058682, "energy": 34.880306, "activity_lines": [ 11.547985, 11.906515, 11.978765, 11.781975 ] }, { "date": "2023-11-10", "close": 10.860513, "volume": 85700771, "typical_volume": 82992194.7, "trend": 11.588472, "fair_value": 11.053247, "relative_strength": -3.550483, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -40.636915, "energy": 58.891565, "activity_lines": [ 11.238713, 11.674888, 11.89494, 11.733503 ] }, { "date": "2023-11-17", "close": 10.662723, "volume": 60028667, "typical_volume": 84126955.35, "trend": 11.553155, "fair_value": 11.063797, "relative_strength": -5.640857, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.535947, "energy": 71.891011, "activity_lines": [ 10.964203, 11.438683, 11.791575, 11.673778 ] }, { "date": "2023-11-24", "close": 10.662723, "volume": 88966382, "typical_volume": 85607928.65, "trend": 11.516141, "fair_value": 11.079854, "relative_strength": -5.046441, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.863742, "energy": 73.154383, "activity_lines": [ 10.79758, 11.238114, 11.686914, 11.61633 ] }, { "date": "2023-12-01", "close": 10.186226, "volume": 109497135, "typical_volume": 88751364.2, "trend": 11.467202, "fair_value": 11.092756, "relative_strength": -8.733009, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.017038, "energy": 77.839247, "activity_lines": [ 10.555436, 10.980168, 11.535415, 11.530529 ] }, { "date": "2023-12-08", "close": 9.871559, "volume": 119096546, "typical_volume": 90569325.0, "trend": 11.404664, "fair_value": 11.106622, "relative_strength": -9.333785, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -61.370635, "energy": 85.182883, "activity_lines": [ 10.285122, 10.703915, 11.354799, 11.427585 ] }, { "date": "2023-12-15", "close": 9.826608, "volume": 97153161, "typical_volume": 93089759.45, "trend": 11.354199, "fair_value": 11.117471, "relative_strength": -8.615207, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -82.613294, "energy": 92.758615, "activity_lines": [ 10.077742, 10.469018, 11.174838, 11.325775 ] }, { "date": "2023-12-22", "close": 9.826608, "volume": 84393083, "typical_volume": 88927172.6, "trend": 11.303734, "fair_value": 11.12347, "relative_strength": -7.412518, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.883072, "energy": 90.455625, "activity_lines": [ 9.939288, 10.280382, 11.000551, 11.22722 ] }, { "date": "2023-12-29", "close": 10.123293, "volume": 105486257, "typical_volume": 86089948.95, "trend": 11.284364, "fair_value": 11.130107, "relative_strength": -6.270137, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.911461, "energy": 86.402599, "activity_lines": [ 9.955471, 10.190313, 10.867021, 11.151063 ] }, { "date": "2024-01-05", "close": 10.25815, "volume": 112806057, "typical_volume": 87708819.3, "trend": 11.267227, "fair_value": 11.140439, "relative_strength": -3.320523, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.125514, "energy": 63.641007, "activity_lines": [ 10.052568, 10.157294, 10.757422, 11.084856 ] }, { "date": "2024-01-12", "close": 10.590798, "volume": 138995073, "typical_volume": 88927443.2, "trend": 11.256089, "fair_value": 11.155277, "relative_strength": 1.733508, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.490317, "energy": 46.914988, "activity_lines": [ 10.255753, 10.204371, 10.68948, 11.041215 ] }, { "date": "2024-01-19", "close": 10.806571, "volume": 172181356, "typical_volume": 93537192.75, "trend": 11.259212, "fair_value": 11.171802, "relative_strength": 5.767736, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.698002, "energy": 28.823001, "activity_lines": [ 10.482913, 10.298853, 10.650992, 11.012214 ] }, { "date": "2024-01-26", "close": 11.148209, "volume": 166286076, "typical_volume": 95403591.2, "trend": 11.284467, "fair_value": 11.189355, "relative_strength": 6.216102, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.894759, "energy": 29.895813, "activity_lines": [ 10.758621, 10.456432, 10.653518, 11.005052 ] }, { "date": "2024-02-02", "close": 11.17518, "volume": 163838719, "typical_volume": 99887847.25, "trend": 11.311752, "fair_value": 11.213446, "relative_strength": 13.276709, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -9.305057, "energy": 27.101819, "activity_lines": [ 10.955213, 10.610087, 10.665634, 10.998002 ] }, { "date": "2024-02-09", "close": 11.103257, "volume": 137630949, "typical_volume": 103970746.0, "trend": 11.336356, "fair_value": 11.235511, "relative_strength": 7.106046, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -0.758163, "energy": 24.586637, "activity_lines": [ 11.057705, 10.741349, 10.676123, 10.98455 ] }, { "date": "2024-02-23", "close": 12.316972, "volume": 158698094, "typical_volume": 108950250.05, "trend": 11.383323, "fair_value": 11.263334, "relative_strength": 13.040899, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 49.217856, "energy": 48.133877, "activity_lines": [ 11.508428, 11.076612, 10.808026, 11.047816 ] }, { "date": "2024-03-01", "close": 11.813506, "volume": 110944261, "typical_volume": 112189568.1, "trend": 11.409832, "fair_value": 11.286415, "relative_strength": 7.389957, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 32.880731, "energy": 47.190156, "activity_lines": [ 11.676251, 11.275874, 10.893307, 11.07557 ] }, { "date": "2024-03-08", "close": 12.146153, "volume": 110223475, "typical_volume": 114451916.6, "trend": 11.399643, "fair_value": 11.308596, "relative_strength": 9.573232, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.272085, "energy": 65.074676, "activity_lines": [ 11.887827, 11.499492, 11.012924, 11.123074 ] }, { "date": "2024-03-15", "close": 11.840477, "volume": 90829979, "typical_volume": 116283318.85, "trend": 11.379264, "fair_value": 11.332052, "relative_strength": 6.419693, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 29.061273, "energy": 59.846813, "activity_lines": [ 11.930981, 11.625359, 11.10407, 11.151515 ] }, { "date": "2024-03-22", "close": 11.69663, "volume": 77146764, "typical_volume": 114916993.25, "trend": 11.357388, "fair_value": 11.349937, "relative_strength": 5.235854, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.345448, "energy": 38.915381, "activity_lines": [ 11.881833, 11.69385, 11.181859, 11.17199 ] }, { "date": "2024-03-29", "close": 12.227069, "volume": 109335929, "typical_volume": 114961936.7, "trend": 11.349596, "fair_value": 11.372738, "relative_strength": 9.966474, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.372597, "energy": 40.739933, "activity_lines": [ 11.969941, 11.832631, 11.308454, 11.228099 ] }, { "date": "2024-04-05", "close": 12.370916, "volume": 38652842, "typical_volume": 112609540.25, "trend": 11.342404, "fair_value": 11.392722, "relative_strength": 9.928486, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.391682, "energy": 41.041208, "activity_lines": [ 12.11199, 11.967815, 11.443097, 11.29399 ] }, { "date": "2024-04-12", "close": 12.343944, "volume": 74118656, "typical_volume": 113314039.7, "trend": 11.333113, "fair_value": 11.413191, "relative_strength": 11.164114, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 66.645268, "energy": 52.575724, "activity_lines": [ 12.207889, 12.069653, 11.567979, 11.358606 ] }, { "date": "2024-04-19", "close": 12.766497, "volume": 89314039, "typical_volume": 113331422.55, "trend": 11.349596, "fair_value": 11.436166, "relative_strength": 12.844557, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.720889, "energy": 73.493354, "activity_lines": [ 12.431452, 12.226578, 11.725099, 11.451082 ] }, { "date": "2024-04-26", "close": 12.964288, "volume": 197229857, "typical_volume": 117718058.65, "trend": 11.370873, "fair_value": 11.461671, "relative_strength": 13.320671, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.12867, "energy": 78.082719, "activity_lines": [ 12.659211, 12.390531, 11.891038, 11.555256 ] }, { "date": "2024-05-03", "close": 13.305926, "volume": 103855960, "typical_volume": 116956029.35, "trend": 11.394548, "fair_value": 11.491641, "relative_strength": 15.270003, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.618574, "energy": 85.471292, "activity_lines": [ 12.916338, 12.582764, 12.076285, 11.680098 ] }, { "date": "2024-05-10", "close": 13.800405, "volume": 142198833, "typical_volume": 119208312.95, "trend": 11.442198, "fair_value": 11.524376, "relative_strength": 17.143427, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.31522, "energy": 91.807767, "activity_lines": [ 13.266369, 12.846922, 12.29227, 11.835315 ] }, { "date": "2024-05-17", "close": 14.411757, "volume": 151863452, "typical_volume": 122581831.4, "trend": 11.513223, "fair_value": 11.563556, "relative_strength": 21.697394, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.373852, "energy": 93.84614, "activity_lines": [ 13.724884, 13.186108, 12.547558, 12.026899 ] }, { "date": "2024-05-24", "close": 14.133052, "volume": 122126516, "typical_volume": 123413844.35, "trend": 11.587245, "fair_value": 11.598878, "relative_strength": 21.172447, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.792393, "energy": 90.801884, "activity_lines": [ 13.952643, 13.433428, 12.754467, 12.19592 ] }, { "date": "2024-05-31", "close": 14.204976, "volume": 82062547, "typical_volume": 121876668.85, "trend": 11.682844, "fair_value": 11.629659, "relative_strength": 21.161872, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.373261, "energy": 89.399768, "activity_lines": [ 14.113273, 13.652142, 12.949133, 12.364806 ] }, { "date": "2024-06-07", "close": 13.90829, "volume": 102002039, "typical_volume": 120027017.15, "trend": 11.778443, "fair_value": 11.654295, "relative_strength": 19.272369, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.848846, "energy": 84.232171, "activity_lines": [ 14.092295, 13.771307, 13.096748, 12.508383 ] }, { "date": "2024-06-14", "close": 13.845356, "volume": 74669836, "typical_volume": 115151441.15, "trend": 11.877937, "fair_value": 11.67787, "relative_strength": 18.72756, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.166205, "energy": 63.840018, "activity_lines": [ 14.010182, 13.848462, 13.222572, 12.641733 ] }, { "date": "2024-06-21", "close": 13.449775, "volume": 82784130, "typical_volume": 110976343.85, "trend": 11.970839, "fair_value": 11.70002, "relative_strength": 16.021078, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.503582, "energy": 49.8828, "activity_lines": [ 13.793212, 13.826885, 13.296251, 12.743142 ] }, { "date": "2024-06-28", "close": 13.656555, "volume": 84703601, "typical_volume": 107019587.95, "trend": 12.070633, "fair_value": 11.720667, "relative_strength": 18.243158, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.563295, "energy": 40.343017, "activity_lines": [ 13.7093, 13.822798, 13.378664, 12.851897 ] }, { "date": "2024-07-05", "close": 14.791042, "volume": 83731777, "typical_volume": 104324629.35, "trend": 12.224127, "fair_value": 11.744494, "relative_strength": 27.710732, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 80.075781, "energy": 55.035277, "activity_lines": [ 14.035317, 14.008799, 13.557307, 13.027408 ] }, { "date": "2024-07-12", "close": 14.218485, "volume": 97627170, "typical_volume": 101271083.15, "trend": 12.369025, "fair_value": 11.76753, "relative_strength": 20.965524, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.952249, "energy": 46.408246, "activity_lines": [ 14.131411, 14.057485, 13.66386, 13.156076 ] }, { "date": "2024-07-19", "close": 14.247113, "volume": 69141527, "typical_volume": 99180946.45, "trend": 12.516375, "fair_value": 11.792973, "relative_strength": 19.867168, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.732214, "energy": 49.950699, "activity_lines": [ 14.216368, 14.094784, 13.764085, 13.277243 ] }, { "date": "2024-07-26", "close": 13.989463, "volume": 92549660, "typical_volume": 98297255.7, "trend": 12.655137, "fair_value": 11.814542, "relative_strength": 20.565933, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.205465, "energy": 48.882166, "activity_lines": [ 14.188657, 14.077115, 13.828183, 13.372281 ] }, { "date": "2024-08-02", "close": 13.932207, "volume": 79854928, "typical_volume": 97748503.15, "trend": 12.782101, "fair_value": 11.837678, "relative_strength": 18.726411, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.515125, "energy": 38.216847, "activity_lines": [ 14.105883, 14.056714, 13.87805, 13.454672 ] }, { "date": "2024-08-09", "close": 13.512332, "volume": 58106810, "typical_volume": 96796505.45, "trend": 12.890573, "fair_value": 11.856973, "relative_strength": 16.374322, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.38275, "energy": 22.578361, "activity_lines": [ 13.864773, 13.963624, 13.877968, 13.501784 ] }, { "date": "2024-08-16", "close": 13.884495, "volume": 72634776, "typical_volume": 94961447.8, "trend": 13.000363, "fair_value": 11.883989, "relative_strength": 18.283425, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.756613, "energy": 18.958962, "activity_lines": [ 13.832964, 13.950794, 13.904685, 13.565908 ] }, { "date": "2024-08-23", "close": 14.390252, "volume": 123047920, "typical_volume": 99181201.7, "trend": 13.119819, "fair_value": 11.914665, "relative_strength": 22.990642, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.106268, "energy": 25.443737, "activity_lines": [ 13.992008, 14.030352, 13.971676, 13.655578 ] }, { "date": "2024-08-30", "close": 13.292852, "volume": 138239991, "typical_volume": 102387268.45, "trend": 13.191307, "fair_value": 11.943328, "relative_strength": 13.724623, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.848848, "energy": 7.860832, "activity_lines": [ 13.775708, 13.900476, 13.924537, 13.666742 ] }, { "date": "2024-09-06", "close": 12.853892, "volume": 130757463, "typical_volume": 104459439.65, "trend": 13.247264, "fair_value": 11.970276, "relative_strength": 12.722722, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -9.120476, "energy": 14.367078, "activity_lines": [ 13.45953, 13.693642, 13.831074, 13.644973 ] }, { "date": "2024-09-13", "close": 12.462646, "volume": 98789070, "typical_volume": 99537400.3, "trend": 13.292577, "fair_value": 11.991735, "relative_strength": 11.484385, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -37.069666, "energy": 44.470136, "activity_lines": [ 13.084824, 13.430266, 13.699933, 13.594352 ] }, { "date": "2024-09-20", "close": 12.787094, "volume": 47214363, "typical_volume": 96705320.45, "trend": 13.308248, "fair_value": 12.016424, "relative_strength": 12.634028, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.491941, "energy": 53.124783, "activity_lines": [ 12.888246, 13.268215, 13.602081, 13.561741 ] }, { "date": "2024-09-27", "close": 14.123059, "volume": 123994320, "typical_volume": 95795094.8, "trend": 13.385233, "fair_value": 12.044184, "relative_strength": 9.954443, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -1.693338, "energy": 24.831797, "activity_lines": [ 13.21015, 13.375092, 13.633934, 13.614309 ] }, { "date": "2024-10-04", "close": 15.029607, "volume": 83762756, "typical_volume": 92390060.0, "trend": 13.481348, "fair_value": 12.076971, "relative_strength": 8.03942, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "up", "direction": 51.866429, "energy": 23.940593, "activity_lines": [ 13.852049, 13.649052, 13.750588, 13.720398 ] }, { "date": "2024-10-11", "close": 14.514306, "volume": 235656959, "typical_volume": 98066582.15, "trend": 13.570476, "fair_value": 12.102531, "relative_strength": 7.920396, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 46.737518, "energy": 35.009368, "activity_lines": [ 14.206398, 13.810409, 13.815224, 13.78704 ] }, { "date": "2024-10-18", "close": 15.134576, "volume": 362045255, "typical_volume": 112065717.55, "trend": 13.685074, "fair_value": 12.132957, "relative_strength": 10.682469, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 68.08686, "energy": 51.049856, "activity_lines": [ 14.656809, 14.073958, 13.937118, 13.88795 ] }, { "date": "2024-10-25", "close": 14.829212, "volume": 131977723, "typical_volume": 113564501.75, "trend": 13.771812, "fair_value": 12.164459, "relative_strength": 6.950186, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.998812, "energy": 63.070803, "activity_lines": [ 14.827304, 14.252492, 14.025503, 13.961765 ] }, { "date": "2024-11-01", "close": 14.85784, "volume": 141594734, "typical_volume": 116910746.65, "trend": 13.85471, "fair_value": 12.197662, "relative_strength": 7.676939, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.98874, "energy": 63.301538, "activity_lines": [ 14.8712, 14.419054, 14.112229, 14.031831 ] }, { "date": "2024-11-08", "close": 15.058234, "volume": 159822765, "typical_volume": 120762678.4, "trend": 13.945186, "fair_value": 12.229534, "relative_strength": 3.092305, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.061372, "energy": 59.097216, "activity_lines": [ 14.932908, 14.613549, 14.213219, 14.109478 ] }, { "date": "2024-11-15", "close": 15.03915, "volume": 145453747, "typical_volume": 123800185.7, "trend": 14.020941, "fair_value": 12.259243, "relative_strength": 6.26498, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.755146, "energy": 41.11673, "activity_lines": [ 14.986347, 14.772477, 14.304732, 14.180056 ] }, { "date": "2024-11-22", "close": 14.657445, "volume": 137705341, "typical_volume": 126498863.9, "trend": 14.07738, "fair_value": 12.2875, "relative_strength": 5.108425, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.789553, "energy": 34.484728, "activity_lines": [ 14.877561, 14.822272, 14.353309, 14.221121 ] }, { "date": "2024-11-29", "close": 15.191832, "volume": 114186442, "typical_volume": 127326827.5, "trend": 14.140243, "fair_value": 12.318136, "relative_strength": 6.490738, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.026835, "energy": 37.604813, "activity_lines": [ 14.978713, 14.929323, 14.453415, 14.293021 ] }, { "date": "2024-12-06", "close": 15.411311, "volume": 154643462, "typical_volume": 131601924.25, "trend": 14.19394, "fair_value": 12.353631, "relative_strength": 5.016234, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.488374, "energy": 39.575515, "activity_lines": [ 15.12885, 15.032556, 14.56979, 14.375026 ] }, { "date": "2024-12-13", "close": 15.325427, "volume": 180142241, "typical_volume": 135981553.3, "trend": 14.224396, "fair_value": 12.389256, "relative_strength": 4.251286, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.143215, "energy": 38.808254, "activity_lines": [ 15.213461, 15.096752, 14.672441, 14.448025 ] }, { "date": "2024-12-20", "close": 15.344513, "volume": 276532587, "typical_volume": 145815436.25, "trend": 14.264778, "fair_value": 12.426624, "relative_strength": 4.554668, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.184875, "energy": 46.061295, "activity_lines": [ 15.286621, 15.159039, 14.770548, 14.52029 ] }, { "date": "2024-12-27", "close": 16.079294, "volume": 206813151, "typical_volume": 153250753.3, "trend": 14.327255, "fair_value": 12.470272, "relative_strength": 7.881431, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.104831, "energy": 64.340948, "activity_lines": [ 15.58435, 15.339828, 14.931909, 14.637356 ] }, { "date": "2025-01-03", "close": 15.678505, "volume": 157943599, "typical_volume": 157516194.45, "trend": 14.386262, "fair_value": 12.511195, "relative_strength": 10.655689, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.261535, "energy": 56.250395, "activity_lines": [ 15.653694, 15.43057, 15.042876, 14.724533 ] }, { "date": "2025-01-10", "close": 16.184261, "volume": 125110284, "typical_volume": 157619312.65, "trend": 14.464226, "fair_value": 12.553999, "relative_strength": 14.967296, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.470627, "energy": 71.764224, "activity_lines": [ 15.859177, 15.597826, 15.193467, 14.840533 ] }, { "date": "2025-01-17", "close": 16.298775, "volume": 133991087, "typical_volume": 157406867.45, "trend": 14.559192, "fair_value": 12.597903, "relative_strength": 12.504189, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.456675, "energy": 78.308853, "activity_lines": [ 16.051302, 15.761785, 15.346422, 14.958891 ] }, { "date": "2025-01-24", "close": 16.079294, "volume": 140279254, "typical_volume": 157882957.0, "trend": 14.63995, "fair_value": 12.638412, "relative_strength": 10.086142, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.015466, "energy": 64.210719, "activity_lines": [ 16.105377, 15.863284, 15.464159, 15.056962 ] }, { "date": "2025-01-31", "close": 16.403744, "volume": 24151542, "typical_volume": 154151080.6, "trend": 14.693707, "fair_value": 12.680792, "relative_strength": 11.795418, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.017121, "energy": 69.686325, "activity_lines": [ 16.218617, 16.004862, 15.597438, 15.170756 ] }, { "date": "2025-02-07", "close": 15.793015, "volume": 98250631, "typical_volume": 156702894.0, "trend": 14.746192, "fair_value": 12.71502, "relative_strength": 5.59512, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.62495, "energy": 46.293128, "activity_lines": [ 16.10665, 16.003647, 15.653784, 15.241679 ] }, { "date": "2025-02-14", "close": 16.002953, "volume": 135735267, "typical_volume": 157289941.35, "trend": 14.80472, "fair_value": 12.745939, "relative_strength": 5.216651, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.449014, "energy": 39.011006, "activity_lines": [ 16.057028, 16.029672, 15.715811, 15.32276 ] }, { "date": "2025-02-21", "close": 15.630791, "volume": 128256298, "typical_volume": 159514618.45, "trend": 14.85943, "fair_value": 12.770025, "relative_strength": 1.55834, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.747625, "energy": 27.166339, "activity_lines": [ 15.89544, 15.977275, 15.733443, 15.376055 ] }, { "date": "2025-02-28", "close": 15.315885, "volume": 148831821, "typical_volume": 155173361.55, "trend": 14.905553, "fair_value": 12.794865, "relative_strength": 0.954436, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.271391, "energy": 18.986785, "activity_lines": [ 15.673415, 15.862069, 15.71822, 15.405504 ] }, { "date": "2025-03-07", "close": 15.630791, "volume": 123512411, "typical_volume": 143246719.35, "trend": 14.976168, "fair_value": 12.816074, "relative_strength": 1.176644, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.824297, "energy": 18.695087, "activity_lines": [ 15.607253, 15.80464, 15.729171, 15.452293 ] }, { "date": "2025-03-14", "close": 15.907527, "volume": 92656698, "typical_volume": 141280668.1, "trend": 15.043603, "fair_value": 12.840836, "relative_strength": 1.222584, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.363757, "energy": 18.459911, "activity_lines": [ 15.684866, 15.805681, 15.764115, 15.512381 ] }, { "date": "2025-03-21", "close": 16.346487, "volume": 131392784, "typical_volume": 140770570.6, "trend": 15.108811, "fair_value": 12.870085, "relative_strength": 5.258119, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.485519, "energy": 25.892524, "activity_lines": [ 15.901165, 15.882369, 15.83573, 15.596438 ] }, { "date": "2025-03-28", "close": 16.451456, "volume": 63320624, "typical_volume": 135945463.55, "trend": 15.214097, "fair_value": 12.897601, "relative_strength": 5.969244, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 60.982281, "energy": 37.838493, "activity_lines": [ 16.129552, 15.975193, 15.910253, 15.68306 ] }, { "date": "2025-04-04", "close": 16.527796, "volume": 60569638, "typical_volume": 131701258.1, "trend": 15.336561, "fair_value": 12.927751, "relative_strength": 6.353245, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.399657, "energy": 59.582472, "activity_lines": [ 16.328674, 16.07912, 15.985413, 15.767815 ] }, { "date": "2025-04-11", "close": 16.107922, "volume": 163724823, "typical_volume": 133002232.2, "trend": 15.45807, "fair_value": 12.954425, "relative_strength": 6.58271, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.07839, "energy": 54.815328, "activity_lines": [ 16.307044, 16.098553, 16.013495, 15.81758 ] }, { "date": "2025-04-18", "close": 16.976299, "volume": 98508319, "typical_volume": 132218326.05, "trend": 15.59771, "fair_value": 12.987816, "relative_strength": 10.54589, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.275482, "energy": 67.038952, "activity_lines": [ 16.543065, 16.28125, 16.117373, 15.91553 ] }, { "date": "2025-04-25", "close": 16.880873, "volume": 72766872, "typical_volume": 128124496.55, "trend": 15.689637, "fair_value": 13.014476, "relative_strength": 8.899363, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.960881, "energy": 65.67978, "activity_lines": [ 16.676025, 16.425083, 16.203666, 15.998315 ] }, { "date": "2025-05-02", "close": 16.203348, "volume": 91137460, "typical_volume": 123674257.5, "trend": 15.728762, "fair_value": 13.036583, "relative_strength": 4.758692, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.555418, "energy": 37.996573, "activity_lines": [ 16.547518, 16.429768, 16.218434, 16.031458 ] }, { "date": "2025-05-09", "close": 17.128981, "volume": 115524745, "typical_volume": 115623865.4, "trend": 15.815918, "fair_value": 13.05981, "relative_strength": 8.325094, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.996557, "energy": 53.472065, "activity_lines": [ 16.744096, 16.592339, 16.317178, 16.121794 ] }, { "date": "2025-05-16", "close": 17.472513, "volume": 115029092, "typical_volume": 111034662.45, "trend": 15.893849, "fair_value": 13.086548, "relative_strength": 9.386755, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.411274, "energy": 58.831815, "activity_lines": [ 17.015105, 16.784406, 16.440141, 16.228672 ] }, { "date": "2025-05-23", "close": 17.892389, "volume": 89568917, "typical_volume": 107615928.35, "trend": 15.995955, "fair_value": 13.113414, "relative_strength": 12.304279, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.277765, "energy": 69.260673, "activity_lines": [ 17.335101, 17.019327, 16.596458, 16.35761 ] }, { "date": "2025-05-30", "close": 18.503117, "volume": 89694389, "typical_volume": 105845133.6, "trend": 16.117464, "fair_value": 13.142051, "relative_strength": 15.735332, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.238299, "energy": 87.590559, "activity_lines": [ 17.797599, 17.329202, 16.800397, 16.519362 ] }, { "date": "2025-06-06", "close": 18.388605, "volume": 72598798, "typical_volume": 102775519.15, "trend": 16.228477, "fair_value": 13.175184, "relative_strength": 13.333715, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.496466, "energy": 88.117102, "activity_lines": [ 18.113778, 17.579045, 16.982388, 16.665887 ] }, { "date": "2025-06-13", "close": 18.531744, "volume": 90922825, "typical_volume": 100307697.7, "trend": 16.344896, "fair_value": 13.214257, "relative_strength": 14.076619, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.596805, "energy": 88.759554, "activity_lines": [ 18.331985, 17.819692, 17.16806, 16.814485 ] }, { "date": "2025-06-20", "close": 19.152014, "volume": 95871989, "typical_volume": 103893720.05, "trend": 16.494715, "fair_value": 13.254481, "relative_strength": 17.922532, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.649894, "energy": 92.661101, "activity_lines": [ 18.663432, 18.13668, 17.401127, 16.995589 ] }, { "date": "2025-06-27", "close": 19.237896, "volume": 125952615, "typical_volume": 105278819.25, "trend": 16.629584, "fair_value": 13.297243, "relative_strength": 15.758054, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.728576, "energy": 86.527692, "activity_lines": [ 18.91154, 18.413936, 17.629286, 17.172569 ] }, { "date": "2025-07-04", "close": 19.724569, "volume": 88188610, "typical_volume": 102901486.4, "trend": 16.773359, "fair_value": 13.333343, "relative_strength": 16.734355, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.644167, "energy": 81.99094, "activity_lines": [ 19.232171, 18.738558, 17.887391, 17.372245 ] }, { "date": "2025-07-11", "close": 19.361952, "volume": 98806132, "typical_volume": 101428978.1, "trend": 16.90791, "fair_value": 13.36942, "relative_strength": 13.026086, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.073147, "energy": 75.975253, "activity_lines": [ 19.3505, 18.945546, 18.093238, 17.539251 ] }, { "date": "2025-07-18", "close": 19.371492, "volume": 115862765, "typical_volume": 99780525.3, "trend": 17.042143, "fair_value": 13.408069, "relative_strength": 11.993668, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.841762, "energy": 65.27458, "activity_lines": [ 19.407119, 19.09684, 18.282227, 17.698192 ] }, { "date": "2025-07-25", "close": 18.588999, "volume": 162796293, "typical_volume": 101744719.4, "trend": 17.1258, "fair_value": 13.438277, "relative_strength": 5.561845, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.894268, "energy": 54.961703, "activity_lines": [ 19.146924, 19.065089, 18.377381, 17.797989 ] }, { "date": "2025-08-01", "close": 18.719999, "volume": 139892984, "typical_volume": 104106533.7, "trend": 17.227183, "fair_value": 13.469378, "relative_strength": 7.117501, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.353347, "energy": 40.435944, "activity_lines": [ 18.967929, 19.036856, 18.470924, 17.900841 ] }, { "date": "2025-08-08", "close": 19.030001, "volume": 82763464, "typical_volume": 101675067.7, "trend": 17.322041, "fair_value": 13.504641, "relative_strength": 6.425125, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.521794, "energy": 34.491219, "activity_lines": [ 18.926796, 19.04994, 18.580598, 18.017152 ] }, { "date": "2025-08-15", "close": 18.209999, "volume": 136975893, "typical_volume": 105357831.15, "trend": 17.385748, "fair_value": 13.536986, "relative_strength": 0.100432, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.928908, "energy": 24.269508, "activity_lines": [ 18.658632, 18.904353, 18.599398, 18.074439 ] }, { "date": "2025-08-22", "close": 17.969999, "volume": 182575825, "typical_volume": 111458140.5, "trend": 17.448772, "fair_value": 13.56839, "relative_strength": -4.420691, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.169015, "energy": 20.467702, "activity_lines": [ 18.387266, 18.718377, 18.586967, 18.112133 ] }, { "date": "2025-08-29", "close": 18.469999, "volume": 231532974, "typical_volume": 114848548.05, "trend": 17.517647, "fair_value": 13.60512, "relative_strength": -2.622555, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.520857, "energy": 19.28213, "activity_lines": [ 18.375999, 18.633524, 18.615287, 18.178018 ] }, { "date": "2025-09-05", "close": 18.1, "volume": 158665245, "typical_volume": 117856394.35, "trend": 17.594547, "fair_value": 13.640022, "relative_strength": -3.47437, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.984024, "energy": 15.329435, "activity_lines": [ 18.249333, 18.493799, 18.597121, 18.21559 ] }, { "date": "2025-09-12", "close": 18.24, "volume": 106341722, "typical_volume": 119535136.85, "trend": 17.669115, "fair_value": 13.679519, "relative_strength": -4.226284, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.495411, "energy": 14.242734, "activity_lines": [ 18.210666, 18.400217, 18.586938, 18.257232 ] }, { "date": "2025-09-19", "close": 17.530001, "volume": 118803275, "typical_volume": 120918427.6, "trend": 17.732422, "fair_value": 13.711474, "relative_strength": -6.706901, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.617046, "energy": 15.535369, "activity_lines": [ 17.988, 18.204536, 18.502664, 18.248257 ] }, { "date": "2025-09-26", "close": 17.35, "volume": 129579239, "typical_volume": 121621152.3, "trend": 17.800226, "fair_value": 13.739285, "relative_strength": -7.843101, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -31.199329, "energy": 39.80713, "activity_lines": [ 17.750667, 18.009436, 18.394929, 18.223584 ] }, { "date": "2025-10-03", "close": 17.25, "volume": 55338313, "typical_volume": 118636613.35, "trend": 17.854199, "fair_value": 13.760093, "relative_strength": -9.64252, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.882773, "energy": 50.260241, "activity_lines": [ 17.521334, 17.832909, 18.276618, 18.188086 ] }, { "date": "2025-10-10", "close": 17.49, "volume": 51979945, "typical_volume": 116757164.75, "trend": 17.906948, "fair_value": 13.783581, "relative_strength": -8.712297, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.432833, "energy": 47.875425, "activity_lines": [ 17.453333, 17.724364, 18.182224, 18.164589 ] }, { "date": "2025-10-17", "close": 18.51, "volume": 170900856, "typical_volume": 120817488.1, "trend": 17.979065, "fair_value": 13.813771, "relative_strength": -2.016562, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -14.781002, "energy": 18.294276, "activity_lines": [ 17.766, 17.823636, 18.186889, 18.203496 ] }, { "date": "2025-10-24", "close": 18.24, "volume": 127956895, "typical_volume": 123585392.95, "trend": 18.038684, "fair_value": 13.841741, "relative_strength": -6.193265, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -7.063009, "energy": 7.518076, "activity_lines": [ 17.970667, 17.883273, 18.165807, 18.22033 ] }, { "date": "2025-10-31", "close": 16.809999, "volume": 310226767, "typical_volume": 134550590.05, "trend": 18.04809, "fair_value": 13.864296, "relative_strength": -13.547458, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -39.468936, "energy": 21.889239, "activity_lines": [ 17.651333, 17.682364, 18.009242, 18.14106 ] }, { "date": "2025-11-07", "close": 16.98, "volume": 218402498, "typical_volume": 140677115.5, "trend": 18.07716, "fair_value": 13.890931, "relative_strength": -13.56877, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.996035, "energy": 33.578146, "activity_lines": [ 17.424666, 17.533454, 17.877066, 18.072151 ] }, { "date": "2025-11-14", "close": 17.059999, "volume": 177662705, "typical_volume": 143262620.0, "trend": 18.07995, "fair_value": 13.922755, "relative_strength": -12.926025, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.808324, "energy": 58.679575, "activity_lines": [ 17.242666, 17.426182, 17.762852, 18.006528 ] }, { "date": "2025-11-21", "close": 16.719999, "volume": 162795436, "typical_volume": 146992961.3, "trend": 18.074587, "fair_value": 13.955445, "relative_strength": -11.154817, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.154224, "energy": 72.510995, "activity_lines": [ 16.975999, 17.276, 17.626628, 17.918789 ] }, { "date": "2025-11-28", "close": 16.870001, "volume": 182218394, "typical_volume": 151163574.4, "trend": 18.096809, "fair_value": 13.987029, "relative_strength": -11.516505, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.907721, "energy": 70.48024, "activity_lines": [ 16.878666, 17.180727, 17.518997, 17.841074 ] }, { "date": "2025-12-05", "close": 16.950001, "volume": 133514597, "typical_volume": 152046166.0, "trend": 18.090843, "fair_value": 14.017387, "relative_strength": -11.356573, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.819555, "energy": 65.374442, "activity_lines": [ 16.899334, 17.112, 17.430852, 17.767086 ] }, { "date": "2025-12-12", "close": 16.35, "volume": 153702906, "typical_volume": 151591496.65, "trend": 18.053426, "fair_value": 14.040582, "relative_strength": -14.092397, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.941196, "energy": 69.676395, "activity_lines": [ 16.710667, 16.941455, 17.297095, 17.654774 ] }, { "date": "2025-12-19", "close": 16.639999, "volume": 134540269, "typical_volume": 151323860.9, "trend": 18.011679, "fair_value": 14.066886, "relative_strength": -12.497574, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.114777, "energy": 58.002219, "activity_lines": [ 16.660667, 16.84, 17.201619, 17.563585 ] }, { "date": "2025-12-26", "close": 16.370001, "volume": 85809961, "typical_volume": 151476185.75, "trend": 17.940576, "fair_value": 14.088523, "relative_strength": -15.308206, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.014448, "energy": 59.3522, "activity_lines": [ 16.548667, 16.704909, 17.090333, 17.45767 ] }, { "date": "2026-01-02", "close": 16.120001, "volume": 99435413, "typical_volume": 149599161.75, "trend": 17.864955, "fair_value": 14.11144, "relative_strength": -16.439698, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.48355, "energy": 71.485457, "activity_lines": [ 16.376667, 16.563273, 16.967905, 17.340214 ] }, { "date": "2026-01-09", "close": 16.120001, "volume": 178080865, "typical_volume": 149374413.75, "trend": 17.784564, "fair_value": 14.138108, "relative_strength": -19.131256, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.039084, "energy": 69.536547, "activity_lines": [ 16.254667, 16.460182, 16.855429, 17.227636 ] }, { "date": "2026-01-16", "close": 15.76, "volume": 188365033, "typical_volume": 147216016.7, "trend": 17.671497, "fair_value": 14.155944, "relative_strength": -20.204381, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.104475, "energy": 84.458351, "activity_lines": [ 16.068001, 16.304182, 16.717476, 17.097019 ] }, { "date": "2026-01-23", "close": 15.68, "volume": 225376165, "typical_volume": 150551562.7, "trend": 17.5529, "fair_value": 14.174192, "relative_strength": -20.902758, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.25796, "energy": 83.518772, "activity_lines": [ 15.894, 16.155819, 16.58481, 16.968535 ] }, { "date": "2026-01-30", "close": 16.120001, "volume": 229404668, "typical_volume": 156704710.0, "trend": 17.432748, "fair_value": 14.198087, "relative_strength": -17.950872, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.980389, "energy": 76.180534, "activity_lines": [ 15.930667, 16.112546, 16.505572, 16.87609 ] }, { "date": "2026-02-06", "close": 16.360001, "volume": 182016289, "typical_volume": 159865360.7, "trend": 17.332683, "fair_value": 14.22488, "relative_strength": -15.398813, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.184243, "energy": 52.721944, "activity_lines": [ 16.064001, 16.123819, 16.459286, 16.806881 ] }, { "date": "2026-02-13", "close": 16.280001, "volume": 97348437, "typical_volume": 158253820.6, "trend": 17.229633, "fair_value": 14.252248, "relative_strength": -15.882729, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.833483, "energy": 38.99926, "activity_lines": [ 16.154667, 16.129819, 16.410953, 16.738966 ] }, { "date": "2026-02-27", "close": 16.17, "volume": 85303608, "typical_volume": 159752085.35, "trend": 17.149, "fair_value": 14.279889, "relative_strength": -17.825799, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.021066, "energy": 28.848761, "activity_lines": [ 16.198001, 16.128001, 16.357238, 16.670602 ] }, { "date": "2026-03-06", "close": 16.940001, "volume": 200298156, "typical_volume": 167167995.9, "trend": 17.089667, "fair_value": 14.316435, "relative_strength": -12.926478, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.966392, "energy": 17.821709, "activity_lines": [ 16.470667, 16.269455, 16.382, 16.657119 ] }, { "date": "2026-03-13", "close": 17.15, "volume": 167184712, "typical_volume": 166982188.7, "trend": 17.027, "fair_value": 14.348347, "relative_strength": -11.066203, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 8.438083, "energy": 18.904795, "activity_lines": [ 16.729334, 16.443637, 16.429381, 16.661011 ] }, { "date": "2026-03-20", "close": 17.09, "volume": 113052626, "typical_volume": 166236975.25, "trend": 16.989667, "fair_value": 14.378786, "relative_strength": -8.152897, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.668954, "energy": 24.991203, "activity_lines": [ 16.899334, 16.592728, 16.477524, 16.665076 ] }, { "date": "2026-03-27", "close": 17.049999, "volume": 116427030, "typical_volume": 156546988.4, "trend": 16.959, "fair_value": 14.413047, "relative_strength": -7.162979, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.439874, "energy": 33.533018, "activity_lines": [ 17.007333, 16.716909, 16.527334, 16.668968 ] }, { "date": "2026-04-03", "close": 17.16, "volume": 82645580, "typical_volume": 149759142.5, "trend": 16.915333, "fair_value": 14.449699, "relative_strength": -5.566018, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 26.211784, "energy": 40.228451, "activity_lines": [ 17.100666, 16.844182, 16.586476, 16.681936 ] }, { "date": "2026-04-10", "close": 17.43, "volume": 83033942, "typical_volume": 145027704.35, "trend": 16.893, "fair_value": 14.488353, "relative_strength": -6.413747, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.292325, "energy": 49.268374, "activity_lines": [ 17.218, 16.995091, 16.670476, 16.71514 ] }, { "date": "2026-04-17", "close": 17.23, "volume": 78773458, "typical_volume": 140826605.45, "trend": 16.859334, "fair_value": 14.525073, "relative_strength": -8.705302, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 23.417664, "energy": 31.559924, "activity_lines": [ 17.236, 17.077818, 16.733667, 16.736882 ] }, { "date": "2026-04-24", "close": 18.370001, "volume": 144702768, "typical_volume": 138950824.15, "trend": 16.887334, "fair_value": 14.56872, "relative_strength": -3.07282, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 58.298921, "energy": 62.651317, "activity_lines": [ 17.628667, 17.347637, 16.903, 16.834344 ] }, { "date": "2026-05-01", "close": 19.15, "volume": 107008954, "typical_volume": 137625542.0, "trend": 16.947333, "fair_value": 14.616334, "relative_strength": 0.44393, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 91.450913, "energy": 89.951329, "activity_lines": [ 18.196, 17.722727, 17.139476, 16.980323 ] }, { "date": "2026-05-08", "close": 18.870001, "volume": 64802258, "typical_volume": 133180509.6, "trend": 17.001334, "fair_value": 14.661826, "relative_strength": -2.457159, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.828431, "energy": 90.979031, "activity_lines": [ 18.530001, 17.994728, 17.33881, 17.104366 ] }, { "date": "2026-05-15", "close": 18.719999, "volume": 89977153, "typical_volume": 130952353.8, "trend": 17.042333, "fair_value": 14.707119, "relative_strength": -1.945874, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.621959, "energy": 87.845545, "activity_lines": [ 18.7, 18.190364, 17.511857, 17.215248 ] }, { "date": "2026-05-22", "close": 18.540001, "volume": 93667664, "typical_volume": 131345238.95, "trend": 17.043334, "fair_value": 14.750659, "relative_strength": -2.079949, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.96217, "energy": 85.125367, "activity_lines": [ 18.724, 18.320909, 17.657857, 17.311871 ] }, { "date": "2026-05-29", "close": 18.6, "volume": 100723952, "typical_volume": 131409665.9, "trend": 17.055334, "fair_value": 14.797194, "relative_strength": -0.371414, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.24051, "energy": 62.570142, "activity_lines": [ 18.680667, 18.437091, 17.799238, 17.412301 ] }, { "date": "2026-06-05", "close": 19.040001, "volume": 26926527, "typical_volume": 123851949.0, "trend": 17.129667, "fair_value": 14.846549, "relative_strength": 3.365984, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.470338, "energy": 61.031171, "activity_lines": [ 18.768667, 18.605819, 17.970715, 17.540344 ] }, { "date": "2026-06-12", "close": 19.097132, "volume": 32573966, "typical_volume": 116062395.65, "trend": 17.200238, "fair_value": 14.900349, "relative_strength": 3.882541, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.230963, "energy": 59.634044, "activity_lines": [ 18.883044, 18.748752, 18.133727, 17.667278 ] }, { "date": "2026-06-19", "close": 17.75548, "volume": 90318493, "typical_volume": 109309512.05, "trend": 17.223421, "fair_value": 14.945113, "relative_strength": -4.345293, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.651889, "energy": 38.589326, "activity_lines": [ 18.535062, 18.612527, 18.153072, 17.7031 ] }, { "date": "2026-06-26", "close": 17.089411, "volume": 19950434, "typical_volume": 98836800.35, "trend": 17.235734, "fair_value": 14.984629, "relative_strength": -5.907583, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 16.321486, "energy": 15.657539, "activity_lines": [ 18.029358, 18.349282, 18.099099, 17.694454 ] }, { "date": "2026-07-03", "close": 17.498568, "volume": 15278197, "typical_volume": 90499895.75, "trend": 17.256687, "fair_value": 15.028127, "relative_strength": -3.513986, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.911112, "energy": 22.81335, "activity_lines": [ 17.756746, 18.162985, 18.079477, 17.711411 ] }, { "date": "2026-07-10", "close": 18.078999, "volume": 94028167, "typical_volume": 90333882.25, "trend": 17.29432, "fair_value": 15.077412, "relative_strength": 1.373573, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.443708, "energy": 23.029646, "activity_lines": [ 17.751039, 18.098065, 18.109712, 17.764463 ] }, { "date": "2026-07-17", "close": 18.25, "volume": 121150604, "typical_volume": 92126232.05, "trend": 17.357653, "fair_value": 15.12801, "relative_strength": 8.953195, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.13284, "energy": 19.218768, "activity_lines": [ 17.8664, 18.083708, 18.147666, 17.82612 ] }, { "date": "2026-07-24", "close": 18.450001, "volume": 109107607, "typical_volume": 87566704.6, "trend": 17.417987, "fair_value": 15.179837, "relative_strength": 9.005205, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.407987, "energy": 14.924514, "activity_lines": [ 18.104903, 18.116989, 18.194763, 17.896594 ] }, { "date": "2026-07-31", "close": 18.5, "volume": 117908883, "typical_volume": 85102913.15, "trend": 17.488987, "fair_value": 15.228503, "relative_strength": 8.948427, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.42542, "energy": 28.707692, "activity_lines": [ 18.313771, 18.164269, 18.239432, 17.966401 ] }, { "date": "2026-08-07", "close": 17.879999, "volume": 108918665, "typical_volume": 84896215.1, "trend": 17.547653, "fair_value": 15.272489, "relative_strength": 2.738148, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.87036, "energy": 21.077992, "activity_lines": [ 18.221933, 18.099549, 18.218624, 17.991628 ] } ], "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." } } }