{ "ticker": { "uuid": "6fbac5db-fda0-4a8f-9901-6f4e29d9f34f", "symbol": "600998", "name": "Jointown Pharmaceutical Group 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": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 71.879, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Structural repair", "architecture_gate": "mixed", "architecture_direction": 17.227, "architecture_energy": 23.857, "architecture_maturity": 7.573, "architecture_confidence": 71.109, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 44.79, "rotation_up": 59.73, "upward_expansion": 42.58, "deceleration": 33.97, "rotation_down": 14.99, "downward_expansion": 15.25 }, "activity_lines": [ 5.054, 4.985091, 4.917938, 4.966156 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 4.99, "trend_reference": 5.051618, "distance_from_trend": -0.012198, "trend_direction": "Weakening", "fair_value": 5.473308, "distance_from_fair_value": -0.088303, "fair_value_direction": "Improving", "relative_strength": -0.816093, "relative_strength_direction": "Improving", "price_momentum": -0.06203, "excess_performance": -0.018826, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.012198, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.010447, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.088303, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.049181, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.008161, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.131984, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.06203, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.445259, "read": "Demand-led" } ], "volume": { "latest": 196151964, "relative_activity": 1.338639, "balance": 1.445259, "dry_up": 1.426741, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.04575, "annualized_volatility": 0.200673, "from_high_reference": -0.145548, "from_low_reference": 0.122943 }, "levels": { "trend_reference": 5.051618, "fair_value_reference": 5.473308, "structural_low": 4.443682, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 6, "median_return": -0.010495, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.016843, "regime_survival": 0.166667, "best_return": 0.073899, "worst_return": -0.122093, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": -0.043069, "positive_rate": 0.2, "directional_follow_through": 0.2, "median_excess_return": -0.069165, "regime_survival": 0.0, "best_return": 0.021227, "worst_return": -0.135888, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.045714, "positive_rate": 0.2, "directional_follow_through": 0.2, "median_excess_return": -0.066388, "regime_survival": 0.0, "best_return": 0.224057, "worst_return": -0.155039, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.122046, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.081538, "regime_survival": 0.0, "best_return": 0.238369, "worst_return": -0.220595, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-05-02", "tenure": "New", "return": 0.095142, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-09", "end": "2025-06-06", "tenure": "Developing", "return": 0.030829, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-13", "end": "2025-06-20", "tenure": "New", "return": -0.039249, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-27", "end": "2025-08-29", "tenure": "Developing", "return": 0.0, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-05", "end": "2025-09-26", "tenure": "New", "return": -0.01217, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-03", "end": "2025-10-24", "tenure": "New", "return": 0.020619, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-31", "end": "2025-11-07", "tenure": "New", "return": 0.003922, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-14", "end": "2026-01-09", "tenure": "Developing", "return": 0.015355, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-16", "end": "2026-02-13", "tenure": "Developing", "return": -0.019048, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-27", "end": "2026-05-08", "tenure": "Developing", "return": -0.083784, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-05-15", "end": "2026-05-22", "tenure": "New", "return": -0.032323, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-29", "end": "2026-07-17", "tenure": "Developing", "return": 0.10922, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-24", "end": "2026-07-31", "tenure": "New", "return": 0.027944, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 6.566127, "volume": 56677177, "typical_volume": 69619030.8, "trend": 6.299817, "fair_value": 6.225834, "relative_strength": 10.010481, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.059042, "energy": 10.327675, "activity_lines": [ 6.504782, 6.508698, 6.556105, 6.473831 ] }, { "date": "2023-08-04", "close": 6.362373, "volume": 65899114, "typical_volume": 67508650.6, "trend": 6.327553, "fair_value": 6.220091, "relative_strength": 5.705033, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.784165, "energy": 7.129729, "activity_lines": [ 6.448695, 6.477824, 6.538667, 6.477867 ] }, { "date": "2023-08-11", "close": 6.296647, "volume": 67415713, "typical_volume": 67359584.15, "trend": 6.346312, "fair_value": 6.214656, "relative_strength": 7.29588, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 3.481698, "energy": 8.699819, "activity_lines": [ 6.401372, 6.438377, 6.515269, 6.475873 ] }, { "date": "2023-08-18", "close": 6.296647, "volume": 62702813, "typical_volume": 67342180.1, "trend": 6.36394, "fair_value": 6.206306, "relative_strength": 8.665216, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -13.687332, "energy": 18.065164, "activity_lines": [ 6.357554, 6.407821, 6.49218, 6.472669 ] }, { "date": "2023-08-25", "close": 6.066602, "volume": 50706907, "typical_volume": 67033049.25, "trend": 6.373052, "fair_value": 6.197314, "relative_strength": 6.457728, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -37.21973, "energy": 42.492788, "activity_lines": [ 6.246694, 6.34163, 6.447369, 6.453486 ] }, { "date": "2023-09-01", "close": 6.605564, "volume": 94419857, "typical_volume": 67383266.25, "trend": 6.408187, "fair_value": 6.193599, "relative_strength": 12.632162, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -10.57169, "energy": 16.764422, "activity_lines": [ 6.342656, 6.379104, 6.454425, 6.468486 ] }, { "date": "2023-09-08", "close": 6.638426, "volume": 57408166, "typical_volume": 64665007.4, "trend": 6.445831, "fair_value": 6.189574, "relative_strength": 13.13584, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.19497, "energy": 3.876675, "activity_lines": [ 6.446942, 6.417345, 6.463306, 6.483341 ] }, { "date": "2023-09-15", "close": 6.875044, "volume": 65203052, "typical_volume": 60869474.95, "trend": 6.478357, "fair_value": 6.187612, "relative_strength": 16.386681, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.659063, "energy": 28.298024, "activity_lines": [ 6.611698, 6.501954, 6.495263, 6.511032 ] }, { "date": "2023-09-22", "close": 7.026217, "volume": 68498196, "typical_volume": 62276151.35, "trend": 6.513801, "fair_value": 6.187035, "relative_strength": 17.560686, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 59.66726, "energy": 48.528578, "activity_lines": [ 6.788285, 6.604488, 6.542342, 6.546378 ] }, { "date": "2023-09-29", "close": 7.118234, "volume": 52586935, "typical_volume": 62017944.45, "trend": 6.544396, "fair_value": 6.191108, "relative_strength": 19.03125, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.226008, "energy": 74.022857, "activity_lines": [ 6.946906, 6.713117, 6.597564, 6.585373 ] }, { "date": "2023-10-13", "close": 7.011756, "volume": 65885167, "typical_volume": 62978526.6, "trend": 6.573562, "fair_value": 6.190309, "relative_strength": 17.261973, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.391787, "energy": 74.961725, "activity_lines": [ 6.999925, 6.790675, 6.640193, 6.615525 ] }, { "date": "2023-10-20", "close": 6.901335, "volume": 55176726, "typical_volume": 62130102.95, "trend": 6.589435, "fair_value": 6.189478, "relative_strength": 18.643572, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.727273, "energy": 69.284109, "activity_lines": [ 6.989059, 6.840053, 6.670705, 6.636672 ] }, { "date": "2023-10-27", "close": 6.846125, "volume": 63205671, "typical_volume": 62001198.8, "trend": 6.605588, "fair_value": 6.189386, "relative_strength": 15.615696, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.167197, "energy": 50.039693, "activity_lines": [ 6.942261, 6.869595, 6.694276, 6.653233 ] }, { "date": "2023-11-03", "close": 6.662089, "volume": 69093308, "typical_volume": 61903607.45, "trend": 6.616454, "fair_value": 6.18645, "relative_strength": 11.434667, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.069501, "energy": 24.08188, "activity_lines": [ 6.836046, 6.855685, 6.700032, 6.656878 ] }, { "date": "2023-11-10", "close": 6.882932, "volume": 59238387, "typical_volume": 61458787.4, "trend": 6.639912, "fair_value": 6.183784, "relative_strength": 14.321033, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.668811, "energy": 20.609938, "activity_lines": [ 6.827721, 6.875283, 6.726702, 6.67407 ] }, { "date": "2023-11-17", "close": 6.680492, "volume": 56074422, "typical_volume": 62734451.2, "trend": 6.651533, "fair_value": 6.179846, "relative_strength": 9.939818, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.652256, "energy": 18.897519, "activity_lines": [ 6.767603, 6.843232, 6.731691, 6.676688 ] }, { "date": "2023-11-24", "close": 6.910537, "volume": 54066253, "typical_volume": 61457010.75, "trend": 6.656827, "fair_value": 6.176889, "relative_strength": 13.648303, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.910655, "energy": 19.091356, "activity_lines": [ 6.80625, 6.851646, 6.756867, 6.693398 ] }, { "date": "2023-12-01", "close": 6.882932, "volume": 42662595, "typical_volume": 59314041.1, "trend": 6.652012, "fair_value": 6.173546, "relative_strength": 13.106389, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.352778, "energy": 21.066711, "activity_lines": [ 6.835082, 6.850092, 6.778995, 6.707985 ] }, { "date": "2023-12-08", "close": 6.800116, "volume": 46515731, "typical_volume": 59493433.7, "trend": 6.648819, "fair_value": 6.169178, "relative_strength": 13.556715, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.887164, "energy": 21.69782, "activity_lines": [ 6.833856, 6.833338, 6.790695, 6.71754 ] }, { "date": "2023-12-15", "close": 6.56087, "volume": 64157395, "typical_volume": 60879679.25, "trend": 6.647405, "fair_value": 6.163693, "relative_strength": 10.152886, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.057249, "energy": 5.648083, "activity_lines": [ 6.743678, 6.777195, 6.7779, 6.711866 ] }, { "date": "2023-12-22", "close": 6.468852, "volume": 58776475, "typical_volume": 60984644.15, "trend": 6.640521, "fair_value": 6.159127, "relative_strength": 9.33243, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.438713, "energy": 10.906842, "activity_lines": [ 6.644299, 6.714456, 6.755928, 6.700347 ] }, { "date": "2023-12-29", "close": 6.450449, "volume": 53553989, "typical_volume": 60367387.9, "trend": 6.637264, "fair_value": 6.153897, "relative_strength": 6.549696, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -20.916305, "energy": 30.340559, "activity_lines": [ 6.552895, 6.658241, 6.732667, 6.688084 ] }, { "date": "2024-01-05", "close": 6.698896, "volume": 62189304, "typical_volume": 60106067.45, "trend": 6.634372, "fair_value": 6.152315, "relative_strength": 11.901352, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -13.401158, "energy": 23.720104, "activity_lines": [ 6.574979, 6.655397, 6.732649, 6.69206 ] }, { "date": "2024-01-12", "close": 6.588475, "volume": 55018347, "typical_volume": 59721844.15, "trend": 6.632748, "fair_value": 6.149557, "relative_strength": 11.339845, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.725506, "energy": 27.566939, "activity_lines": [ 6.572525, 6.635153, 6.720198, 6.689099 ] }, { "date": "2024-01-19", "close": 6.422843, "volume": 55439879, "typical_volume": 59958492.75, "trend": 6.634225, "fair_value": 6.144931, "relative_strength": 9.979921, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.998279, "energy": 25.0475, "activity_lines": [ 6.52897, 6.586133, 6.690583, 6.675557 ] }, { "date": "2024-01-26", "close": 6.588475, "volume": 55260863, "typical_volume": 58000543.05, "trend": 6.643203, "fair_value": 6.139909, "relative_strength": 9.326717, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.082942, "energy": 10.447984, "activity_lines": [ 6.549828, 6.575593, 6.675047, 6.672605 ] }, { "date": "2024-02-02", "close": 6.340026, "volume": 55340767, "typical_volume": 57897173.1, "trend": 6.627122, "fair_value": 6.134335, "relative_strength": 11.575331, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.697191, "energy": 23.354688, "activity_lines": [ 6.479894, 6.521553, 6.63593, 6.653046 ] }, { "date": "2024-02-09", "close": 7.508653, "volume": 164105090, "typical_volume": 62842275.0, "trend": 6.66577, "fair_value": 6.136643, "relative_strength": 24.822511, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.279296, "energy": 22.693809, "activity_lines": [ 6.806864, 6.690364, 6.709532, 6.709919 ] }, { "date": "2024-02-23", "close": 7.251003, "volume": 129681780, "typical_volume": 65901454.2, "trend": 6.692762, "fair_value": 6.133084, "relative_strength": 14.207286, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.960761, "energy": 37.55691, "activity_lines": [ 6.993967, 6.800952, 6.755578, 6.747676 ] }, { "date": "2024-03-01", "close": 7.361424, "volume": 122972331, "typical_volume": 69420724.0, "trend": 6.722339, "fair_value": 6.131065, "relative_strength": 14.471142, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 61.552597, "energy": 58.022401, "activity_lines": [ 7.173708, 6.92342, 6.81107, 6.790815 ] }, { "date": "2024-03-08", "close": 7.398231, "volume": 90234281, "typical_volume": 70638179.7, "trend": 6.750075, "fair_value": 6.133862, "relative_strength": 13.704547, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.194465, "energy": 64.235853, "activity_lines": [ 7.303146, 7.038023, 6.86891, 6.834421 ] }, { "date": "2024-03-15", "close": 7.416636, "volume": 74289780, "typical_volume": 71593832.4, "trend": 6.785218, "fair_value": 6.136777, "relative_strength": 13.090502, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.093525, "energy": 65.589408, "activity_lines": [ 7.384736, 7.139076, 6.926662, 6.877425 ] }, { "date": "2024-03-22", "close": 7.177389, "volume": 69813282, "typical_volume": 71924212.95, "trend": 6.814576, "fair_value": 6.137065, "relative_strength": 9.234391, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.686206, "energy": 53.078238, "activity_lines": [ 7.314802, 7.179062, 6.959175, 6.902726 ] }, { "date": "2024-03-29", "close": 7.416636, "volume": 53164943, "typical_volume": 71127794.7, "trend": 6.851909, "fair_value": 6.140709, "relative_strength": 12.665963, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.894599, "energy": 40.88529, "activity_lines": [ 7.346702, 7.253847, 7.012896, 6.941569 ] }, { "date": "2024-04-05", "close": 7.527057, "volume": 41460801, "typical_volume": 70238915.4, "trend": 6.90059, "fair_value": 6.143083, "relative_strength": 12.79006, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.934494, "energy": 39.475191, "activity_lines": [ 7.404367, 7.333652, 7.07354, 6.985127 ] }, { "date": "2024-04-12", "close": 7.407433, "volume": 68963519, "typical_volume": 70883370.25, "trend": 6.927319, "fair_value": 6.143961, "relative_strength": 12.315168, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.666036, "energy": 34.153006, "activity_lines": [ 7.411114, 7.37163, 7.119724, 7.017826 ] }, { "date": "2024-04-19", "close": 7.858321, "volume": 129150204, "typical_volume": 74637567.8, "trend": 6.967983, "fair_value": 6.146403, "relative_strength": 16.646115, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.736306, "energy": 49.05194, "activity_lines": [ 7.567545, 7.476698, 7.205389, 7.077891 ] }, { "date": "2024-04-26", "close": 7.554662, "volume": 89867056, "typical_volume": 76997790.85, "trend": 6.990637, "fair_value": 6.148277, "relative_strength": 10.757853, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.286266, "energy": 42.529455, "activity_lines": [ 7.59331, 7.498949, 7.25762, 7.115741 ] }, { "date": "2024-05-03", "close": 7.554662, "volume": 65038244, "typical_volume": 77923916.5, "trend": 7.008251, "fair_value": 6.150385, "relative_strength": 9.809325, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.367106, "energy": 38.25468, "activity_lines": [ 7.593923, 7.520365, 7.306652, 7.15213 ] }, { "date": "2024-05-10", "close": 5.842061, "volume": 123370828, "typical_volume": 80884588.15, "trend": 6.965712, "fair_value": 6.141932, "relative_strength": -16.231359, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -1.583591, "energy": 8.421804, "activity_lines": [ 7.014468, 7.224877, 7.188986, 7.076892 ] }, { "date": "2024-05-17", "close": 5.635199, "volume": 151077133, "typical_volume": 85499621.05, "trend": 6.919827, "fair_value": 6.132959, "relative_strength": -18.985883, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -46.008682, "energy": 53.447245, "activity_lines": [ 6.478391, 6.919402, 7.055043, 6.991052 ] }, { "date": "2024-05-24", "close": 5.307072, "volume": 116958668, "typical_volume": 88669855.0, "trend": 6.866685, "fair_value": 6.121726, "relative_strength": -21.889645, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.734274, "energy": 76.487075, "activity_lines": [ 5.951088, 6.586323, 6.893818, 6.887004 ] }, { "date": "2024-05-31", "close": 5.278541, "volume": 110585427, "typical_volume": 91089661.15, "trend": 6.814432, "fair_value": 6.111456, "relative_strength": -22.037642, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -80.31873, "energy": 92.720458, "activity_lines": [ 5.584358, 6.286413, 6.735322, 6.784543 ] }, { "date": "2024-06-07", "close": 5.158496, "volume": 131223932, "typical_volume": 94899940.4, "trend": 6.764312, "fair_value": 6.100885, "relative_strength": -22.687691, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.34054, "energy": 91.291125, "activity_lines": [ 5.329355, 5.9992, 6.572156, 6.677708 ] }, { "date": "2024-06-14", "close": 5.062256, "volume": 90464644, "typical_volume": 96651178.65, "trend": 6.703623, "fair_value": 6.089332, "relative_strength": -23.372802, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.217106, "energy": 90.968362, "activity_lines": [ 5.202015, 5.735547, 6.406633, 6.567898 ] }, { "date": "2024-06-21", "close": 4.869774, "volume": 126451489, "typical_volume": 100210709.95, "trend": 6.643266, "fair_value": 6.076649, "relative_strength": -25.154367, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.806615, "energy": 91.182278, "activity_lines": [ 5.062502, 5.481711, 6.229258, 6.449585 ] }, { "date": "2024-06-28", "close": 4.696542, "volume": 130382250, "typical_volume": 103962784.1, "trend": 6.569466, "fair_value": 6.062284, "relative_strength": -26.831953, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.158114, "energy": 89.297419, "activity_lines": [ 4.916274, 5.242518, 6.043569, 6.32399 ] }, { "date": "2024-07-05", "close": 4.648421, "volume": 103094779, "typical_volume": 100912268.55, "trend": 6.494982, "fair_value": 6.048105, "relative_strength": -26.892619, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.680829, "energy": 82.433598, "activity_lines": [ 4.794707, 5.052062, 5.861123, 6.200052 ] }, { "date": "2024-07-12", "close": 4.523308, "volume": 138958508, "typical_volume": 101376104.95, "trend": 6.419089, "fair_value": 6.034086, "relative_strength": -28.986349, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.842631, "energy": 81.121922, "activity_lines": [ 4.673444, 4.8917, 5.680382, 6.072847 ] }, { "date": "2024-07-19", "close": 4.465564, "volume": 97581019, "typical_volume": 100106539.35, "trend": 6.349245, "fair_value": 6.021874, "relative_strength": -29.844137, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.095563, "energy": 79.200521, "activity_lines": [ 4.575278, 4.775954, 5.50713, 5.946813 ] }, { "date": "2024-07-26", "close": 4.369323, "volume": 102636657, "typical_volume": 100726658.15, "trend": 6.279261, "fair_value": 6.009899, "relative_strength": -28.879219, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.71974, "energy": 79.153493, "activity_lines": [ 4.484812, 4.667736, 5.338503, 5.819076 ] }, { "date": "2024-08-02", "close": 4.388571, "volume": 133092472, "typical_volume": 103666792.75, "trend": 6.210532, "fair_value": 5.997673, "relative_strength": -28.576328, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.552477, "energy": 72.81884, "activity_lines": [ 4.434125, 4.586035, 5.186132, 5.697096 ] }, { "date": "2024-08-09", "close": 4.465564, "volume": 148954917, "typical_volume": 107623874.5, "trend": 6.136087, "fair_value": 5.986607, "relative_strength": -25.928604, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.064195, "energy": 87.204266, "activity_lines": [ 4.429634, 4.535032, 5.055513, 5.584518 ] }, { "date": "2024-08-16", "close": 4.629173, "volume": 154637608, "typical_volume": 112697507.75, "trend": 6.070777, "fair_value": 5.977444, "relative_strength": -23.445637, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.245144, "energy": 83.51922, "activity_lines": [ 4.49187, 4.528558, 4.953389, 5.487297 ] }, { "date": "2024-08-23", "close": 4.45594, "volume": 88046146, "typical_volume": 115026775.0, "trend": 6.005214, "fair_value": 5.967862, "relative_strength": -25.381074, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.543444, "energy": 72.360852, "activity_lines": [ 4.489303, 4.50021, 4.84804, 5.383114 ] }, { "date": "2024-08-30", "close": 4.484812, "volume": 128622993, "typical_volume": 118009748.7, "trend": 5.935092, "fair_value": 5.959053, "relative_strength": -24.275364, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.763551, "energy": 58.802746, "activity_lines": [ 4.497003, 4.488137, 4.760066, 5.285024 ] }, { "date": "2024-09-06", "close": 4.71579, "volume": 127361979, "typical_volume": 117920337.45, "trend": 5.88095, "fair_value": 5.951324, "relative_strength": -17.967587, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.359133, "energy": 52.410598, "activity_lines": [ 4.573995, 4.525058, 4.708006, 5.206359 ] }, { "date": "2024-09-13", "close": 4.253835, "volume": 116447627, "typical_volume": 119249366.0, "trend": 5.772457, "fair_value": 5.939301, "relative_strength": -23.937977, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.625749, "energy": 62.936099, "activity_lines": [ 4.475188, 4.477638, 4.626916, 5.101384 ] }, { "date": "2024-09-20", "close": 4.321203, "volume": 62141555, "typical_volume": 119104531.55, "trend": 5.674797, "fair_value": 5.928296, "relative_strength": -23.26409, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.608591, "energy": 58.925998, "activity_lines": [ 4.412953, 4.449641, 4.567959, 5.007755 ] }, { "date": "2024-09-27", "close": 5.052632, "volume": 210980077, "typical_volume": 123484994.0, "trend": 5.597837, "fair_value": 5.920967, "relative_strength": -20.042303, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.946843, "energy": 30.21088, "activity_lines": [ 4.615058, 4.558305, 4.59406, 4.967615 ] }, { "date": "2024-10-04", "close": 5.52421, "volume": 96421444, "typical_volume": 120752209.55, "trend": 5.535369, "fair_value": 5.916608, "relative_strength": -18.653929, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 10.545639, "energy": 17.250361, "activity_lines": [ 4.934576, 4.742037, 4.668833, 4.962865 ] }, { "date": "2024-10-11", "close": 5.196993, "volume": 268515431, "typical_volume": 128330047.7, "trend": 5.461381, "fair_value": 5.906632, "relative_strength": -20.139786, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": 3.313685, "energy": 23.903406, "activity_lines": [ 5.075729, 4.845277, 4.71297, 4.941034 ] }, { "date": "2024-10-18", "close": 5.062256, "volume": 178229066, "typical_volume": 131712229.65, "trend": 5.390877, "fair_value": 5.896113, "relative_strength": -22.727568, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -0.482716, "energy": 26.542764, "activity_lines": [ 5.13989, 4.909321, 4.744799, 4.915284 ] }, { "date": "2024-10-25", "close": 4.985263, "volume": 174728007, "typical_volume": 133887433.4, "trend": 5.309831, "fair_value": 5.88486, "relative_strength": -24.199801, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -0.056266, "energy": 22.872181, "activity_lines": [ 5.124491, 4.948517, 4.770326, 4.889116 ] }, { "date": "2024-11-01", "close": 5.043007, "volume": 178123137, "typical_volume": 138270358.05, "trend": 5.227029, "fair_value": 5.875923, "relative_strength": -22.126515, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -2.616816, "energy": 14.517387, "activity_lines": [ 5.08407, 4.991738, 4.802177, 4.871901 ] }, { "date": "2024-11-08", "close": 5.331729, "volume": 270864725, "typical_volume": 145491019.85, "trend": 5.157839, "fair_value": 5.866652, "relative_strength": -21.468748, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": 7.769659, "energy": 14.802253, "activity_lines": [ 5.140531, 5.076779, 4.861617, 4.878656 ] }, { "date": "2024-11-15", "close": 5.187368, "volume": 313568531, "typical_volume": 154650333.9, "trend": 5.068808, "fair_value": 5.855948, "relative_strength": -20.254597, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 25.630453, "energy": 20.216459, "activity_lines": [ 5.161704, 5.120175, 4.905108, 4.880561 ] }, { "date": "2024-11-22", "close": 5.033383, "volume": 187494570, "typical_volume": 158870323.45, "trend": 4.984765, "fair_value": 5.844817, "relative_strength": -20.611637, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 22.176111, "energy": 18.15841, "activity_lines": [ 5.13219, 5.126999, 4.931597, 4.878276 ] }, { "date": "2024-11-29", "close": 5.16812, "volume": 135111266, "typical_volume": 158677961.35, "trend": 4.905214, "fair_value": 5.84172, "relative_strength": -19.364347, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 24.82277, "energy": 20.263359, "activity_lines": [ 5.149513, 5.144147, 4.969085, 4.890105 ] }, { "date": "2024-12-06", "close": 5.196993, "volume": 134375638, "typical_volume": 160517692.3, "trend": 4.883711, "fair_value": 5.838755, "relative_strength": -20.170243, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 52.729376, "energy": 28.184427, "activity_lines": [ 5.164271, 5.151147, 5.006253, 4.908929 ] }, { "date": "2024-12-13", "close": 5.264361, "volume": 168528523, "typical_volume": 163812285.6, "trend": 4.87135, "fair_value": 5.836596, "relative_strength": -18.237941, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.409714, "energy": 29.882837, "activity_lines": [ 5.191218, 5.16777, 5.046353, 4.933487 ] }, { "date": "2024-12-20", "close": 5.187368, "volume": 119714981, "typical_volume": 163143411.05, "trend": 4.86736, "fair_value": 5.833382, "relative_strength": -18.293491, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.947003, "energy": 29.84976, "activity_lines": [ 5.196992, 5.175119, 5.074858, 4.953876 ] }, { "date": "2024-12-27", "close": 5.062256, "volume": 135707128, "typical_volume": 162481021.6, "trend": 4.86015, "fair_value": 5.828807, "relative_strength": -20.423223, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.075247, "energy": 25.74745, "activity_lines": [ 5.161063, 5.159896, 5.087645, 4.96645 ] }, { "date": "2025-01-03", "close": 4.773534, "volume": 96044842, "typical_volume": 159551383.3, "trend": 4.847318, "fair_value": 5.822302, "relative_strength": -19.991648, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 19.288724, "energy": 11.576159, "activity_lines": [ 5.026968, 5.092178, 5.070092, 4.960861 ] }, { "date": "2025-01-10", "close": 4.638797, "volume": 105369143, "typical_volume": 160417533.15, "trend": 4.833203, "fair_value": 5.815279, "relative_strength": -20.520079, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -6.146899, "energy": 17.275008, "activity_lines": [ 4.874266, 5.003811, 5.03902, 4.947409 ] }, { "date": "2025-01-17", "close": 4.735038, "volume": 100291917, "typical_volume": 159000979.35, "trend": 4.828712, "fair_value": 5.809512, "relative_strength": -20.01611, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.978988, "energy": 36.770599, "activity_lines": [ 4.790857, 4.940293, 5.016243, 4.941075 ] }, { "date": "2025-01-24", "close": 4.735038, "volume": 105314494, "typical_volume": 157898605.1, "trend": 4.829995, "fair_value": 5.80308, "relative_strength": -19.594278, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.968644, "energy": 43.773522, "activity_lines": [ 4.742737, 4.887623, 4.992275, 4.935032 ] }, { "date": "2025-01-31", "close": 4.802406, "volume": 18060595, "typical_volume": 152979253.5, "trend": 4.835128, "fair_value": 5.794626, "relative_strength": -17.712056, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.709345, "energy": 43.49563, "activity_lines": [ 4.747228, 4.855426, 4.974631, 4.933252 ] }, { "date": "2025-02-07", "close": 4.81203, "volume": 69522428, "typical_volume": 153348297.15, "trend": 4.844752, "fair_value": 5.784129, "relative_strength": -18.112293, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.719654, "energy": 30.284343, "activity_lines": [ 4.772251, 4.829179, 4.955291, 4.931762 ] }, { "date": "2025-02-14", "close": 4.927519, "volume": 107433777, "typical_volume": 148170982.15, "trend": 4.86015, "fair_value": 5.776531, "relative_strength": -16.185842, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -4.894376, "energy": 10.761163, "activity_lines": [ 4.833203, 4.830403, 4.944613, 4.937102 ] }, { "date": "2025-02-21", "close": 4.985263, "volume": 228518587, "typical_volume": 154775839.3, "trend": 4.880682, "fair_value": 5.77085, "relative_strength": -15.145318, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.425779, "energy": 6.563182, "activity_lines": [ 4.894155, 4.847027, 4.94003, 4.945173 ] }, { "date": "2025-02-28", "close": 4.754286, "volume": 173868409, "typical_volume": 150043488.2, "trend": 4.892872, "fair_value": 5.765713, "relative_strength": -16.736988, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -14.511303, "energy": 10.37143, "activity_lines": [ 4.861434, 4.826729, 4.916016, 4.937019 ] }, { "date": "2025-03-07", "close": 4.81203, "volume": 138274506, "typical_volume": 148045760.2, "trend": 4.904421, "fair_value": 5.760174, "relative_strength": -16.075795, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -8.500045, "energy": 7.658682, "activity_lines": [ 4.846677, 4.824804, 4.899609, 4.931803 ] }, { "date": "2025-03-14", "close": 4.937143, "volume": 162543513, "typical_volume": 147436535.5, "trend": 4.914687, "fair_value": 5.755437, "relative_strength": -14.121601, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.780945, "energy": 4.961741, "activity_lines": [ 4.872983, 4.850176, 4.896309, 4.933914 ] }, { "date": "2025-03-21", "close": 4.869774, "volume": 138329511, "typical_volume": 145446854.2, "trend": 4.928481, "fair_value": 5.7516, "relative_strength": -13.012655, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -5.09331, "energy": 7.584713, "activity_lines": [ 4.868491, 4.860325, 4.886823, 4.931017 ] }, { "date": "2025-03-28", "close": 4.850526, "volume": 118671390, "typical_volume": 137837187.45, "trend": 4.940672, "fair_value": 5.744655, "relative_strength": -11.998402, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.272356, "energy": 18.119999, "activity_lines": [ 4.861433, 4.862775, 4.876328, 4.925987 ] }, { "date": "2025-04-04", "close": 4.889023, "volume": 140851158, "typical_volume": 129201318.8, "trend": 4.946446, "fair_value": 5.740862, "relative_strength": -10.012043, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.169071, "energy": 14.734198, "activity_lines": [ 4.87619, 4.870124, 4.871791, 4.922655 ] }, { "date": "2025-04-11", "close": 4.638797, "volume": 168261306, "typical_volume": 128239655.6, "trend": 4.959278, "fair_value": 5.735625, "relative_strength": -10.804352, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.299642, "energy": 38.053264, "activity_lines": [ 4.798556, 4.829178, 4.844844, 4.902807 ] }, { "date": "2025-04-18", "close": 4.590677, "volume": 88719545, "typical_volume": 125920069.55, "trend": 4.968261, "fair_value": 5.729493, "relative_strength": -11.535219, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -65.906292, "energy": 57.239402, "activity_lines": [ 4.716431, 4.782458, 4.815192, 4.879026 ] }, { "date": "2025-04-25", "close": 4.754286, "volume": 110977924, "typical_volume": 124750183.85, "trend": 4.958316, "fair_value": 5.724757, "relative_strength": -7.768594, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.553996, "energy": 52.755616, "activity_lines": [ 4.71194, 4.769509, 4.803873, 4.865221 ] }, { "date": "2025-05-02", "close": 5.206616, "volume": 184760985, "typical_volume": 125561806.95, "trend": 4.947729, "fair_value": 5.723266, "relative_strength": 2.56604, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 1.439484, "energy": 5.819213, "activity_lines": [ 4.865925, 4.841952, 4.83774, 4.881241 ] }, { "date": "2025-05-09", "close": 4.994887, "volume": 163530923, "typical_volume": 127752604.05, "trend": 4.940992, "fair_value": 5.718846, "relative_strength": -3.028273, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.586027, "energy": 9.86161, "activity_lines": [ 4.925594, 4.871874, 4.851718, 4.884283 ] }, { "date": "2025-05-16", "close": 4.966015, "volume": 115518716, "typical_volume": 126743183.45, "trend": 4.937784, "fair_value": 5.716773, "relative_strength": -3.943912, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.818993, "energy": 19.29084, "activity_lines": [ 4.968581, 4.892172, 4.863863, 4.885897 ] }, { "date": "2025-05-23", "close": 4.956391, "volume": 110834283, "typical_volume": 127482655.5, "trend": 4.936822, "fair_value": 5.714398, "relative_strength": -3.295328, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.124985, "energy": 23.166019, "activity_lines": [ 4.986546, 4.907921, 4.875549, 4.887098 ] }, { "date": "2025-05-30", "close": 5.004511, "volume": 113574332, "typical_volume": 127892914.95, "trend": 4.935539, "fair_value": 5.714064, "relative_strength": -2.066074, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.708005, "energy": 28.909902, "activity_lines": [ 4.99617, 4.932068, 4.890947, 4.891465 ] }, { "date": "2025-06-06", "close": 5.148872, "volume": 105183313, "typical_volume": 128137484.75, "trend": 4.929444, "fair_value": 5.711484, "relative_strength": -0.154789, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 36.683511, "energy": 37.320971, "activity_lines": [ 5.037233, 4.980014, 4.918353, 4.905228 ] }, { "date": "2025-06-13", "close": 5.235489, "volume": 132842721, "typical_volume": 129513896.1, "trend": 4.931048, "fair_value": 5.712391, "relative_strength": 1.929276, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 41.434204, "energy": 47.056949, "activity_lines": [ 5.111018, 5.038283, 4.952037, 4.924973 ] }, { "date": "2025-06-20", "close": 5.03, "volume": 108533201, "typical_volume": 134037526.4, "trend": 4.930935, "fair_value": 5.712994, "relative_strength": -1.414392, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 53.833489, "energy": 45.374028, "activity_lines": [ 5.100266, 5.052891, 4.963768, 4.931357 ] }, { "date": "2025-06-27", "close": 5.12, "volume": 101911661, "typical_volume": 135656988.05, "trend": 4.929331, "fair_value": 5.71412, "relative_strength": -1.426527, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.89106, "energy": 46.957755, "activity_lines": [ 5.115248, 5.07675, 4.982986, 4.943555 ] }, { "date": "2025-07-04", "close": 5.2, "volume": 121690687, "typical_volume": 136369833.55, "trend": 4.929431, "fair_value": 5.715493, "relative_strength": -1.174909, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.463555, "energy": 48.427021, "activity_lines": [ 5.14599, 5.105531, 5.008357, 4.961017 ] }, { "date": "2025-07-11", "close": 5.34, "volume": 104916923, "typical_volume": 130189750.35, "trend": 4.931952, "fair_value": 5.717481, "relative_strength": 0.392555, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.322681, "energy": 55.232534, "activity_lines": [ 5.210366, 5.151662, 5.045764, 4.987506 ] }, { "date": "2025-07-18", "close": 5.35, "volume": 203853723, "typical_volume": 131689016.05, "trend": 4.937373, "fair_value": 5.718853, "relative_strength": -0.131784, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.547484, "energy": 63.191111, "activity_lines": [ 5.265333, 5.197187, 5.082434, 5.014477 ] }, { "date": "2025-07-25", "close": 5.39, "volume": 161255423, "typical_volume": 132838061.9, "trend": 4.948298, "fair_value": 5.721108, "relative_strength": -1.027308, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.222976, "energy": 69.119977, "activity_lines": [ 5.326, 5.243527, 5.120077, 5.043678 ] }, { "date": "2025-08-01", "close": 5.48, "volume": 163992753, "typical_volume": 132910523.9, "trend": 4.971847, "fair_value": 5.724129, "relative_strength": 1.540802, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.920447, "energy": 78.474462, "activity_lines": [ 5.392667, 5.298522, 5.163538, 5.077982 ] }, { "date": "2025-08-08", "close": 5.35, "volume": 152633923, "typical_volume": 133625744.5, "trend": 4.995554, "fair_value": 5.726997, "relative_strength": -2.809069, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.810428, "energy": 68.605336, "activity_lines": [ 5.392, 5.320361, 5.192034, 5.102379 ] }, { "date": "2025-08-15", "close": 5.34, "volume": 139568576, "typical_volume": 134670603.8, "trend": 5.015719, "fair_value": 5.730018, "relative_strength": -4.410274, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.67961, "energy": 55.277869, "activity_lines": [ 5.378, 5.3341, 5.217291, 5.124601 ] }, { "date": "2025-08-22", "close": 5.46, "volume": 182748358, "typical_volume": 136765463.8, "trend": 5.039885, "fair_value": 5.734189, "relative_strength": -5.396248, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.000252, "energy": 50.501762, "activity_lines": [ 5.404, 5.366182, 5.251646, 5.153264 ] }, { "date": "2025-08-29", "close": 5.12, "volume": 398693187, "typical_volume": 148287057.85, "trend": 5.050471, "fair_value": 5.736235, "relative_strength": -11.744872, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 35.816594, "energy": 23.859335, "activity_lines": [ 5.309333, 5.332364, 5.2509, 5.158433 ] }, { "date": "2025-09-05", "close": 4.93, "volume": 323507780, "typical_volume": 160026469.6, "trend": 5.054404, "fair_value": 5.736818, "relative_strength": -13.552322, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.301447, "energy": 13.29968, "activity_lines": [ 5.169333, 5.262364, 5.229768, 5.150661 ] }, { "date": "2025-09-12", "close": 5.01, "volume": 240145381, "typical_volume": 166484842.45, "trend": 5.057153, "fair_value": 5.737887, "relative_strength": -13.156639, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.65228, "energy": 18.873916, "activity_lines": [ 5.092667, 5.210364, 5.214639, 5.147796 ] }, { "date": "2025-09-19", "close": 4.99, "volume": 206700709, "typical_volume": 167581828.65, "trend": 5.057311, "fair_value": 5.737414, "relative_strength": -12.050258, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -24.362575, "energy": 34.579009, "activity_lines": [ 5.032, 5.158182, 5.196388, 5.143463 ] }, { "date": "2025-09-26", "close": 4.87, "volume": 157007686, "typical_volume": 167255666.8, "trend": 5.061168, "fair_value": 5.736362, "relative_strength": -13.939096, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -34.156274, "energy": 51.019681, "activity_lines": [ 4.954667, 5.090545, 5.167739, 5.131379 ] }, { "date": "2025-10-03", "close": 4.85, "volume": 55032674, "typical_volume": 164231364.7, "trend": 5.062434, "fair_value": 5.735046, "relative_strength": -15.049988, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.099879, "energy": 58.627397, "activity_lines": [ 4.91, 5.028, 5.137781, 5.117755 ] }, { "date": "2025-10-10", "close": 4.94, "volume": 65667852, "typical_volume": 161973043.15, "trend": 5.062529, "fair_value": 5.736047, "relative_strength": -13.396445, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.13675, "energy": 51.468654, "activity_lines": [ 4.913333, 4.991636, 5.116946, 5.109856 ] }, { "date": "2025-10-17", "close": 4.88, "volume": 152938196, "typical_volume": 163941236.35, "trend": 5.06287, "fair_value": 5.736527, "relative_strength": -12.850283, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.926053, "energy": 52.50001, "activity_lines": [ 4.896, 4.954182, 5.090475, 5.09808 ] }, { "date": "2025-10-24", "close": 4.95, "volume": 158586772, "typical_volume": 166611409.3, "trend": 5.066185, "fair_value": 5.737157, "relative_strength": -13.781162, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.876602, "energy": 32.893812, "activity_lines": [ 4.910667, 4.938, 5.071264, 5.090798 ] }, { "date": "2025-10-31", "close": 5.1, "volume": 234260387, "typical_volume": 171682292.6, "trend": 5.073218, "fair_value": 5.737688, "relative_strength": -10.972574, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -13.348907, "energy": 15.887469, "activity_lines": [ 4.978, 4.956182, 5.067286, 5.09298 ] }, { "date": "2025-11-07", "close": 5.12, "volume": 183237776, "typical_volume": 175417521.35, "trend": 5.089258, "fair_value": 5.738211, "relative_strength": -11.269053, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -2.371081, "energy": 9.065841, "activity_lines": [ 5.036667, 4.984545, 5.065857, 5.095998 ] }, { "date": "2025-11-14", "close": 5.21, "volume": 189629239, "typical_volume": 179803400.25, "trend": 5.109902, "fair_value": 5.737626, "relative_strength": -9.245012, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -7.295351, "energy": 18.049107, "activity_lines": [ 5.107333, 5.029273, 5.072571, 5.103788 ] }, { "date": "2025-11-21", "close": 4.87, "volume": 174438408, "typical_volume": 182440786.3, "trend": 5.113759, "fair_value": 5.734263, "relative_strength": -11.404974, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -42.215521, "energy": 25.728648, "activity_lines": [ 5.046667, 5.007091, 5.046476, 5.08831 ] }, { "date": "2025-11-28", "close": 4.9, "volume": 134542783, "typical_volume": 183922079.3, "trend": 5.103539, "fair_value": 5.73112, "relative_strength": -11.742742, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.407813, "energy": 20.203806, "activity_lines": [ 4.996667, 4.992909, 5.02481, 5.074519 ] }, { "date": "2025-12-05", "close": 5.11, "volume": 183458330, "typical_volume": 182902309.65, "trend": 5.107376, "fair_value": 5.726767, "relative_strength": -8.026154, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -23.51462, "energy": 13.325212, "activity_lines": [ 5.02, 5.018545, 5.025238, 5.074936 ] }, { "date": "2025-12-12", "close": 5.08, "volume": 211286114, "typical_volume": 185403844.2, "trend": 5.111175, "fair_value": 5.723391, "relative_strength": -7.943823, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -28.127627, "energy": 19.029409, "activity_lines": [ 5.032667, 5.034364, 5.023952, 5.07317 ] }, { "date": "2025-12-19", "close": 5.18, "volume": 185809724, "typical_volume": 186494692.75, "trend": 5.118629, "fair_value": 5.71946, "relative_strength": -5.892089, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": 1.112024, "energy": 5.909259, "activity_lines": [ 5.081333, 5.064182, 5.033667, 5.07761 ] }, { "date": "2025-12-26", "close": 5.13, "volume": 123751547, "typical_volume": 185050573.95, "trend": 5.122812, "fair_value": 5.712871, "relative_strength": -8.279789, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -4.300578, "energy": 15.391702, "activity_lines": [ 5.115333, 5.080545, 5.040048, 5.078344 ] }, { "date": "2026-01-02", "close": 5.12, "volume": 72278098, "typical_volume": 181686050.05, "trend": 5.12185, "fair_value": 5.707033, "relative_strength": -8.332301, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 13.325768, "energy": 24.576217, "activity_lines": [ 5.128667, 5.090545, 5.046524, 5.078162 ] }, { "date": "2026-01-09", "close": 5.29, "volume": 324818289, "typical_volume": 188789546.6, "trend": 5.123667, "fair_value": 5.705166, "relative_strength": -8.547804, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 32.4276, "energy": 40.886076, "activity_lines": [ 5.184, 5.128364, 5.070238, 5.089011 ] }, { "date": "2026-01-16", "close": 5.25, "volume": 402770656, "typical_volume": 188993420.05, "trend": 5.131, "fair_value": 5.703369, "relative_strength": -8.603431, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.783443, "energy": 37.342014, "activity_lines": [ 5.214, 5.155455, 5.090952, 5.097161 ] }, { "date": "2026-01-23", "close": 5.58, "volume": 398375184, "typical_volume": 192736790.25, "trend": 5.146333, "fair_value": 5.702383, "relative_strength": -3.521575, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 53.556186, "energy": 58.104418, "activity_lines": [ 5.342667, 5.240182, 5.142476, 5.126129 ] }, { "date": "2026-01-30", "close": 5.32, "volume": 419442245, "typical_volume": 201701633.45, "trend": 5.150333, "fair_value": 5.699512, "relative_strength": -7.373814, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.304378, "energy": 47.613184, "activity_lines": [ 5.358, 5.270909, 5.166143, 5.137333 ] }, { "date": "2026-02-06", "close": 5.22, "volume": 219620229, "typical_volume": 202347609.45, "trend": 5.146333, "fair_value": 5.695838, "relative_strength": -7.724669, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.408188, "energy": 32.322116, "activity_lines": [ 5.327333, 5.275273, 5.17881, 5.141828 ] }, { "date": "2026-02-13", "close": 5.15, "volume": 189793108, "typical_volume": 203986880.55, "trend": 5.139667, "fair_value": 5.693264, "relative_strength": -9.064994, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 50.679754, "energy": 30.523317, "activity_lines": [ 5.266667, 5.261091, 5.183714, 5.142065 ] }, { "date": "2026-02-27", "close": 5.29, "volume": 122051398, "typical_volume": 207337816.75, "trend": 5.136333, "fair_value": 5.691859, "relative_strength": -8.145695, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.757879, "energy": 19.438717, "activity_lines": [ 5.262, 5.271636, 5.200619, 5.151763 ] }, { "date": "2026-03-06", "close": 5.26, "volume": 207652733, "typical_volume": 214437060.8, "trend": 5.129, "fair_value": 5.687762, "relative_strength": -7.609215, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.052041, "energy": 17.166447, "activity_lines": [ 5.244667, 5.272909, 5.212571, 5.159742 ] }, { "date": "2026-03-13", "close": 5.31, "volume": 161567127, "typical_volume": 214868507.35, "trend": 5.127667, "fair_value": 5.683576, "relative_strength": -5.905572, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.028888, "energy": 18.016989, "activity_lines": [ 5.265333, 5.281818, 5.227762, 5.171419 ] }, { "date": "2026-03-20", "close": 5.14, "volume": 154869369, "typical_volume": 214682637.2, "trend": 5.121, "fair_value": 5.676779, "relative_strength": -5.541536, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.844855, "energy": 13.989591, "activity_lines": [ 5.23, 5.256545, 5.224714, 5.172215 ] }, { "date": "2026-03-27", "close": 5.09, "volume": 166175526, "typical_volume": 211278394.15, "trend": 5.108667, "fair_value": 5.670069, "relative_strength": -5.230386, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.841988, "energy": 11.190337, "activity_lines": [ 5.183333, 5.221818, 5.216, 5.170215 ] }, { "date": "2026-04-03", "close": 5.28, "volume": 264111138, "typical_volume": 215322062.25, "trend": 5.114, "fair_value": 5.662728, "relative_strength": -0.720401, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.167808, "energy": 11.379088, "activity_lines": [ 5.204, 5.225273, 5.225429, 5.181269 ] }, { "date": "2026-04-10", "close": 5.144306, "volume": 190332992, "typical_volume": 215357249.9, "trend": 5.121144, "fair_value": 5.654925, "relative_strength": -5.61885, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.040948, "energy": 9.237803, "activity_lines": [ 5.180102, 5.20351, 5.221172, 5.183224 ] }, { "date": "2026-04-17", "close": 5.04833, "volume": 178525096, "typical_volume": 215561584.3, "trend": 5.122421, "fair_value": 5.64667, "relative_strength": -8.630648, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 2.961817, "energy": 8.680917, "activity_lines": [ 5.131925, 5.172219, 5.208088, 5.178526 ] }, { "date": "2026-04-24", "close": 5.192294, "volume": 175605434, "typical_volume": 217614716.85, "trend": 5.129164, "fair_value": 5.640344, "relative_strength": -6.511742, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.657689, "energy": 8.340651, "activity_lines": [ 5.149181, 5.172043, 5.207865, 5.183034 ] }, { "date": "2026-05-01", "close": 4.961952, "volume": 140150521, "typical_volume": 215449326.4, "trend": 5.132229, "fair_value": 5.631563, "relative_strength": -11.063201, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.178698, "energy": 29.077063, "activity_lines": [ 5.086169, 5.13049, 5.184313, 5.172246 ] }, { "date": "2026-05-08", "close": 4.846781, "volume": 120031860, "typical_volume": 210886613.7, "trend": 5.132122, "fair_value": 5.619352, "relative_strength": -14.014443, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -41.786091, "energy": 50.350157, "activity_lines": [ 4.993304, 5.071416, 5.150498, 5.15383 ] }, { "date": "2026-05-15", "close": 4.750804, "volume": 167672863, "typical_volume": 209979770.65, "trend": 5.125816, "fair_value": 5.604758, "relative_strength": -14.38675, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.152832, "energy": 60.184713, "activity_lines": [ 4.897328, 5.00295, 5.108652, 5.129229 ] }, { "date": "2026-05-22", "close": 4.597243, "volume": 120225335, "typical_volume": 209803460.05, "trend": 5.11639, "fair_value": 5.590023, "relative_strength": -16.272716, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -81.410934, "energy": 81.086003, "activity_lines": [ 4.776398, 4.915822, 5.054225, 5.095128 ] }, { "date": "2026-05-29", "close": 4.606841, "volume": 124845477, "typical_volume": 212431829.0, "trend": 5.104952, "fair_value": 5.577225, "relative_strength": -14.756496, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.915151, "energy": 81.252827, "activity_lines": [ 4.68874, 4.843398, 5.00325, 5.062254 ] }, { "date": "2026-06-05", "close": 4.77, "volume": 29960429, "typical_volume": 197688936.0, "trend": 5.093952, "fair_value": 5.565011, "relative_strength": -10.439771, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.995617, "energy": 75.550246, "activity_lines": [ 4.694499, 4.810334, 4.970257, 5.040644 ] }, { "date": "2026-06-12", "close": 4.79, "volume": 36240300, "typical_volume": 179362418.2, "trend": 5.082952, "fair_value": 5.553741, "relative_strength": -9.711543, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.132425, "energy": 63.744922, "activity_lines": [ 4.719721, 4.786724, 4.941644, 5.021034 ] }, { "date": "2026-06-19", "close": 4.83, "volume": 111450491, "typical_volume": 165016183.55, "trend": 5.070285, "fair_value": 5.541205, "relative_strength": -9.782811, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.118434, "energy": 41.775664, "activity_lines": [ 4.762062, 4.779296, 4.919032, 5.004715 ] }, { "date": "2026-06-26", "close": 4.62, "volume": 28836296, "typical_volume": 145485886.1, "trend": 5.061952, "fair_value": 5.528274, "relative_strength": -11.897798, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.475393, "energy": 42.813131, "activity_lines": [ 4.729123, 4.7394, 4.879992, 4.975664 ] }, { "date": "2026-07-03", "close": 4.94, "volume": 52076136, "typical_volume": 137108681.45, "trend": 5.063285, "fair_value": 5.519053, "relative_strength": -5.796443, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.013394, "energy": 26.431842, "activity_lines": [ 4.801333, 4.765475, 4.87476, 4.967796 ] }, { "date": "2026-07-10", "close": 5.01, "volume": 188131622, "typical_volume": 137025607.15, "trend": 5.059952, "fair_value": 5.510661, "relative_strength": -2.975571, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.134458, "energy": 18.161934, "activity_lines": [ 4.874667, 4.808863, 4.877529, 4.964358 ] }, { "date": "2026-07-17", "close": 5.11, "volume": 282998612, "typical_volume": 145072967.85, "trend": 5.060952, "fair_value": 5.499684, "relative_strength": 5.317259, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -8.257386, "energy": 14.654284, "activity_lines": [ 4.965333, 4.86956, 4.890488, 4.967587 ] }, { "date": "2026-07-24", "close": 5.01, "volume": 180572003, "typical_volume": 143718931.35, "trend": 5.055285, "fair_value": 5.491099, "relative_strength": 2.206703, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.646384, "energy": 20.182005, "activity_lines": [ 5.001333, 4.90729, 4.894781, 4.9643 ] }, { "date": "2026-07-31", "close": 5.15, "volume": 176523995, "typical_volume": 144466774.75, "trend": 5.055952, "fair_value": 5.482822, "relative_strength": 4.812236, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.492944, "energy": 31.671674, "activity_lines": [ 5.072, 4.965761, 4.913597, 4.970411 ] }, { "date": "2026-08-07", "close": 4.99, "volume": 196151964, "typical_volume": 146530904.5, "trend": 5.051618, "fair_value": 5.473308, "relative_strength": -0.816093, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 17.226638, "energy": 23.856897, "activity_lines": [ 5.054, 4.985091, 4.917938, 4.966156 ] } ], "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." } } }