{ "ticker": { "uuid": "70dcf9cf-9287-43dd-af8a-cf551a0bd46c", "symbol": "000829", "name": "Telling Telecommunication Holding Co.,Ltd", "exchange": "SHZ", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "399001.SZ", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -41.398, "architecture_energy": 28.924, "architecture_maturity": 83.626, "architecture_confidence": 83.456, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 30.86, "rotation_up": 27.24, "upward_expansion": 16.85, "deceleration": 46.79, "rotation_down": 28.44, "downward_expansion": 62.19 }, "activity_lines": [ 8.346, 8.210545, 8.789667, 9.268043 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 8.31, "trend_reference": 9.827, "distance_from_trend": -0.154371, "trend_direction": "Weakening", "fair_value": 9.878436, "distance_from_fair_value": -0.158774, "fair_value_direction": "Weakening", "relative_strength": -19.809622, "relative_strength_direction": "Weakening", "price_momentum": -0.204785, "excess_performance": -0.212184, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.154371, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.071113, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.158774, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.313134, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.198096, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.09874, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.204785, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.524299, "read": "Supply-led" } ], "volume": { "latest": 105021672, "relative_activity": 0.85698, "balance": 0.524299, "dry_up": 1.227374, "accumulation_observations": 1, "distribution_observations": 4 }, "risk": { "range_context": 0.109229, "annualized_volatility": 0.434122, "from_high_reference": -0.345154, "from_low_reference": 0.144628 }, "levels": { "trend_reference": 9.827, "fair_value_reference": 9.878436, "structural_low": 7.26, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 22, "median_return": 0.023708, "positive_rate": 0.590909, "directional_follow_through": 0.409091, "median_excess_return": 0.037878, "regime_survival": 0.727273, "best_return": 0.229607, "worst_return": -0.366927, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": 0.076586, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": -0.000431, "regime_survival": 0.5, "best_return": 0.814446, "worst_return": -0.292971, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.104162, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.102026, "regime_survival": 0.166667, "best_return": 0.80797, "worst_return": -0.129529, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.164996, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.081418, "regime_survival": 0.75, "best_return": 0.115708, "worst_return": -0.250988, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-23", "end": "2024-10-04", "tenure": "Developing", "return": 0.25856, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-11", "end": "2024-12-20", "tenure": "Developing", "return": 0.36558, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-27", "end": "2025-01-24", "tenure": "Developing", "return": -0.196875, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-31", "end": "2025-02-14", "tenure": "New", "return": 0.129482, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-02-21", "end": "2025-02-28", "tenure": "New", "return": 0.013405, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-07", "end": "2025-04-11", "tenure": "Developing", "return": -0.23779, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-07-18", "tenure": "Established", "return": 0.042674, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-25", "end": "2025-09-26", "tenure": "Developing", "return": -0.070531, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-03", "end": "2025-10-24", "tenure": "New", "return": 0.055208, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-31", "end": "2025-12-05", "tenure": "Developing", "return": 0.079286, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-12", "end": "2026-02-27", "tenure": "Developing", "return": 0.019481, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-06", "end": "2026-05-01", "tenure": "Developing", "return": 0.135922, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-08", "end": "2026-05-29", "tenure": "New", "return": -0.267593, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-05", "end": "2026-08-07", "tenure": "Developing", "return": -0.092795, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 8.817473, "volume": 48737694, "typical_volume": 96484578.7, "trend": 10.218239, "fair_value": 10.760064, "relative_strength": -11.939617, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.116307, "energy": 75.929993, "activity_lines": [ 8.91777, 9.137419, 9.581135, 9.928379 ] }, { "date": "2023-08-04", "close": 9.076517, "volume": 94408168, "typical_volume": 97100111.6, "trend": 10.198352, "fair_value": 10.77485, "relative_strength": -10.324938, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.99974, "energy": 60.706208, "activity_lines": [ 8.958951, 9.094914, 9.488957, 9.854719 ] }, { "date": "2023-08-11", "close": 8.518576, "volume": 52071949, "typical_volume": 90330457.9, "trend": 10.146626, "fair_value": 10.778209, "relative_strength": -12.364365, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.312052, "energy": 69.85411, "activity_lines": [ 8.809502, 8.956394, 9.351779, 9.746347 ] }, { "date": "2023-08-18", "close": 8.259531, "volume": 35281583, "typical_volume": 80362175.8, "trend": 10.093216, "fair_value": 10.776643, "relative_strength": -12.103149, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.646249, "energy": 68.816055, "activity_lines": [ 8.605588, 8.797365, 9.205549, 9.624599 ] }, { "date": "2023-08-25", "close": 7.870965, "volume": 38996195, "typical_volume": 75700826.65, "trend": 10.022882, "fair_value": 10.776353, "relative_strength": -13.293793, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.492175, "energy": 81.334168, "activity_lines": [ 8.327946, 8.593028, 9.036847, 9.481228 ] }, { "date": "2023-09-01", "close": 8.349201, "volume": 72501497, "typical_volume": 73520905.15, "trend": 9.954916, "fair_value": 10.782144, "relative_strength": -10.426529, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.96467, "energy": 77.920264, "activity_lines": [ 8.274808, 8.513866, 8.929934, 9.373248 ] }, { "date": "2023-09-08", "close": 8.677987, "volume": 76183320, "typical_volume": 65393925.2, "trend": 9.875399, "fair_value": 10.789477, "relative_strength": -4.915881, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.243389, "energy": 58.535513, "activity_lines": [ 8.362485, 8.512779, 8.865557, 9.290866 ] }, { "date": "2023-09-15", "close": 8.408979, "volume": 58119986, "typical_volume": 62359051.75, "trend": 9.774997, "fair_value": 10.797346, "relative_strength": -6.157049, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.282412, "energy": 51.16076, "activity_lines": [ 8.38706, 8.468759, 8.786589, 9.196258 ] }, { "date": "2023-09-22", "close": 8.309348, "volume": 51393173, "typical_volume": 62790212.05, "trend": 9.677233, "fair_value": 10.805519, "relative_strength": -7.356309, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.863081, "energy": 44.716128, "activity_lines": [ 8.385732, 8.417313, 8.710205, 9.1017 ] }, { "date": "2023-09-29", "close": 8.438869, "volume": 33073593, "typical_volume": 59843687.25, "trend": 9.580807, "fair_value": 10.816909, "relative_strength": -5.133996, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.757569, "energy": 37.113335, "activity_lines": [ 8.424257, 8.403726, 8.656718, 9.021805 ] }, { "date": "2023-10-13", "close": 8.927069, "volume": 137947664, "typical_volume": 64482643.65, "trend": 9.524159, "fair_value": 10.830235, "relative_strength": 0.698493, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.256633, "energy": 27.139045, "activity_lines": [ 8.587654, 8.486331, 8.655603, 8.979629 ] }, { "date": "2023-10-20", "close": 8.01045, "volume": 85196215, "typical_volume": 66520919.25, "trend": 9.43166, "fair_value": 10.839946, "relative_strength": -4.977083, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.826865, "energy": 35.646978, "activity_lines": [ 8.406987, 8.400285, 8.57117, 8.88197 ] }, { "date": "2023-10-27", "close": 8.339237, "volume": 73753529, "typical_volume": 65368447.85, "trend": 9.316353, "fair_value": 10.852644, "relative_strength": -3.145849, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.532373, "energy": 31.312544, "activity_lines": [ 8.380419, 8.393401, 8.524548, 8.811491 ] }, { "date": "2023-11-03", "close": 9.136297, "volume": 258010859, "typical_volume": 75353862.2, "trend": 9.243837, "fair_value": 10.868881, "relative_strength": 4.978757, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.458086, "energy": 10.943103, "activity_lines": [ 8.624186, 8.534698, 8.561655, 8.799875 ] }, { "date": "2023-11-10", "close": 10.800159, "volume": 466601083, "typical_volume": 94778281.3, "trend": 9.227776, "fair_value": 10.895784, "relative_strength": 21.899054, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 38.038303, "energy": 30.323048, "activity_lines": [ 9.367444, 8.962574, 8.759686, 8.900282 ] }, { "date": "2023-11-17", "close": 10.820085, "volume": 363691583, "typical_volume": 110553924.25, "trend": 9.23158, "fair_value": 10.920052, "relative_strength": 21.522618, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 40.374106, "energy": 52.563436, "activity_lines": [ 9.959925, 9.340815, 8.955677, 9.003012 ] }, { "date": "2023-11-24", "close": 11.806447, "volume": 671257276, "typical_volume": 138462027.8, "trend": 9.258662, "fair_value": 10.952714, "relative_strength": 33.767573, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 54.460226, "energy": 72.930046, "activity_lines": [ 10.754992, 9.853469, 9.238634, 9.169133 ] }, { "date": "2023-12-01", "close": 12.254793, "volume": 514200421, "typical_volume": 161448745.55, "trend": 9.302344, "fair_value": 10.983478, "relative_strength": 39.599267, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 80.194458, "energy": 86.320188, "activity_lines": [ 11.446442, 10.39076, 9.550958, 9.362431 ] }, { "date": "2023-12-08", "close": 10.999423, "volume": 280899562, "typical_volume": 172813779.45, "trend": 9.318084, "fair_value": 11.003745, "relative_strength": 26.815247, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.69881, "energy": 77.843095, "activity_lines": [ 11.458397, 10.629878, 9.728208, 9.47192 ] }, { "date": "2023-12-15", "close": 10.361775, "volume": 173318241, "typical_volume": 179282179.55, "trend": 9.34104, "fair_value": 11.022814, "relative_strength": 21.102591, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.11062, "energy": 57.463668, "activity_lines": [ 11.133595, 10.704149, 9.835669, 9.539255 ] }, { "date": "2023-12-22", "close": 9.445156, "volume": 158313656, "typical_volume": 184760977.65, "trend": 9.330462, "fair_value": 11.03833, "relative_strength": 12.211694, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.450156, "energy": 29.770501, "activity_lines": [ 10.532479, 10.576801, 9.848621, 9.545972 ] }, { "date": "2023-12-29", "close": 9.504937, "volume": 106371314, "typical_volume": 185359134.95, "trend": 9.334787, "fair_value": 11.054356, "relative_strength": 9.125089, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.542816, "energy": 21.533756, "activity_lines": [ 10.042952, 10.450901, 9.864278, 9.557229 ] }, { "date": "2024-01-05", "close": 9.793871, "volume": 191003691, "typical_volume": 192305722.05, "trend": 9.32855, "fair_value": 11.074054, "relative_strength": 17.137989, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.722627, "energy": 22.770976, "activity_lines": [ 9.80317, 10.350363, 9.905412, 9.586847 ] }, { "date": "2024-01-12", "close": 8.976885, "volume": 221405733, "typical_volume": 201611929.55, "trend": 9.306004, "fair_value": 11.08726, "relative_strength": 8.528359, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.793549, "energy": 19.07223, "activity_lines": [ 9.45512, 10.074834, 9.862665, 9.564159 ] }, { "date": "2024-01-19", "close": 8.458796, "volume": 119538076, "typical_volume": 205639023.6, "trend": 9.255524, "fair_value": 11.099406, "relative_strength": 4.532106, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -25.108875, "energy": 25.845509, "activity_lines": [ 9.069211, 9.708006, 9.76716, 9.509501 ] }, { "date": "2024-01-26", "close": 8.488687, "volume": 147809901, "typical_volume": 209404443.8, "trend": 9.22663, "fair_value": 11.112371, "relative_strength": 4.93678, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -24.411016, "energy": 26.934996, "activity_lines": [ 8.82013, 9.389182, 9.671703, 9.460027 ] }, { "date": "2024-02-02", "close": 6.884603, "volume": 143733188, "typical_volume": 212781937.2, "trend": 9.155891, "fair_value": 11.114111, "relative_strength": -7.469694, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.620541, "energy": 53.948386, "activity_lines": [ 8.100119, 8.821096, 9.422811, 9.308929 ] }, { "date": "2024-02-09", "close": 7.293097, "volume": 179940037, "typical_volume": 218872939.75, "trend": 9.099101, "fair_value": 11.11734, "relative_strength": -10.413567, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.06454, "energy": 60.983001, "activity_lines": [ 7.690962, 8.416769, 9.221364, 9.188748 ] }, { "date": "2024-02-23", "close": 8.149936, "volume": 165672029, "typical_volume": 224586882.55, "trend": 9.06755, "fair_value": 11.125496, "relative_strength": -2.583963, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.98767, "energy": 58.074148, "activity_lines": [ 7.734136, 8.258445, 9.106834, 9.127512 ] }, { "date": "2024-03-01", "close": 8.717841, "volume": 191967790, "typical_volume": 232531592.4, "trend": 9.063233, "fair_value": 11.14219, "relative_strength": 0.275483, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.177675, "energy": 48.516038, "activity_lines": [ 8.021742, 8.255184, 9.04715, 9.10495 ] }, { "date": "2024-03-08", "close": 9.14626, "volume": 388484571, "typical_volume": 245058437.75, "trend": 9.074193, "fair_value": 11.165714, "relative_strength": 5.891374, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -13.82695, "energy": 16.309095, "activity_lines": [ 8.434885, 8.359707, 9.026938, 9.110307 ] }, { "date": "2024-03-15", "close": 9.026701, "volume": 147930495, "typical_volume": 248195151.75, "trend": 9.072532, "fair_value": 11.187591, "relative_strength": 1.894009, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -5.845645, "energy": 14.094985, "activity_lines": [ 8.764336, 8.447927, 8.994297, 9.107243 ] }, { "date": "2024-03-22", "close": 9.953283, "volume": 290104346, "typical_volume": 259012692.6, "trend": 9.120356, "fair_value": 11.213211, "relative_strength": 12.644704, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.825452, "energy": 25.38324, "activity_lines": [ 9.259841, 8.713312, 9.045062, 9.164065 ] }, { "date": "2024-03-29", "close": 9.17615, "volume": 196228327, "typical_volume": 255923566.0, "trend": 9.15091, "fair_value": 11.234979, "relative_strength": 5.625656, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.534223, "energy": 19.889296, "activity_lines": [ 9.318956, 8.834501, 9.014129, 9.167665 ] }, { "date": "2024-04-05", "close": 8.927069, "volume": 69776369, "typical_volume": 236082330.3, "trend": 9.186113, "fair_value": 11.253957, "relative_strength": 1.375379, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.77956, "energy": 12.436088, "activity_lines": [ 9.22663, 8.90678, 8.959283, 9.153224 ] }, { "date": "2024-04-12", "close": 8.209714, "volume": 91976766, "typical_volume": 222496589.45, "trend": 9.181463, "fair_value": 11.269279, "relative_strength": -3.421996, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.207762, "energy": 18.780247, "activity_lines": [ 8.881238, 8.840117, 8.845038, 9.09023 ] }, { "date": "2024-04-19", "close": 7.771332, "volume": 104885687, "typical_volume": 194178010.0, "trend": 9.151242, "fair_value": 11.28223, "relative_strength": -8.883617, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.452966, "energy": 35.726766, "activity_lines": [ 8.452154, 8.69882, 8.701472, 8.999254 ] }, { "date": "2024-04-26", "close": 8.020413, "volume": 61123936, "typical_volume": 171524185.75, "trend": 9.138289, "fair_value": 11.29728, "relative_strength": -7.680465, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.74633, "energy": 50.342732, "activity_lines": [ 8.189788, 8.586688, 8.600844, 8.926297 ] }, { "date": "2024-05-03", "close": 8.050303, "volume": 34887897, "typical_volume": 159223602.5, "trend": 9.129655, "fair_value": 11.312334, "relative_strength": -8.295917, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.737533, "energy": 59.575578, "activity_lines": [ 8.066244, 8.466767, 8.523225, 8.856105 ] }, { "date": "2024-05-10", "close": 8.139972, "volume": 87069611, "typical_volume": 154911171.0, "trend": 9.119691, "fair_value": 11.328025, "relative_strength": -8.400058, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.702537, "energy": 60.570755, "activity_lines": [ 8.047646, 8.36496, 8.46819, 8.792254 ] }, { "date": "2024-05-17", "close": 8.030377, "volume": 60499403, "typical_volume": 150020458.35, "trend": 9.089802, "fair_value": 11.342762, "relative_strength": -9.211407, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.754657, "energy": 53.338796, "activity_lines": [ 8.044989, 8.253734, 8.413297, 8.721976 ] }, { "date": "2024-05-24", "close": 7.442545, "volume": 63337663, "typical_volume": 147868775.8, "trend": 9.070871, "fair_value": 11.354611, "relative_strength": -13.150583, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.679253, "energy": 58.135434, "activity_lines": [ 7.858345, 8.055919, 8.309158, 8.615701 ] }, { "date": "2024-05-31", "close": 8.139972, "volume": 100443710, "typical_volume": 143340776.75, "trend": 9.064229, "fair_value": 11.363331, "relative_strength": -4.379317, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.92761, "energy": 39.40832, "activity_lines": [ 7.926095, 8.013711, 8.281261, 8.555643 ] }, { "date": "2024-06-07", "close": 8.568392, "volume": 290649117, "typical_volume": 146802945.95, "trend": 9.045299, "fair_value": 11.374734, "relative_strength": 1.692607, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.363727, "energy": 25.427911, "activity_lines": [ 8.128681, 8.082367, 8.302041, 8.523654 ] }, { "date": "2024-06-14", "close": 9.305672, "volume": 297730823, "typical_volume": 155712583.3, "trend": 8.995483, "fair_value": 11.386342, "relative_strength": 10.254996, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -6.399205, "energy": 8.476284, "activity_lines": [ 8.542487, 8.296123, 8.394984, 8.540452 ] }, { "date": "2024-06-21", "close": 8.850702, "volume": 267200888, "typical_volume": 161682132.65, "trend": 8.929837, "fair_value": 11.388188, "relative_strength": 6.847627, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -13.931064, "energy": 20.304267, "activity_lines": [ 8.726924, 8.420275, 8.440563, 8.531111 ] }, { "date": "2024-06-28", "close": 9.070472, "volume": 244883425, "typical_volume": 166739644.5, "trend": 8.838638, "fair_value": 11.393829, "relative_strength": 11.838882, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 21.894368, "energy": 28.858195, "activity_lines": [ 8.929929, 8.57273, 8.50535, 8.540184 ] }, { "date": "2024-07-05", "close": 7.991605, "volume": 144380143, "typical_volume": 164961649.8, "trend": 8.696531, "fair_value": 11.399212, "relative_strength": 0.118466, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.224594, "energy": 19.638243, "activity_lines": [ 8.664784, 8.505407, 8.456978, 8.485537 ] }, { "date": "2024-07-12", "close": 7.911689, "volume": 133601983, "typical_volume": 163358147.5, "trend": 8.593607, "fair_value": 11.401975, "relative_strength": -2.813636, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.082686, "energy": 15.608704, "activity_lines": [ 8.38289, 8.424078, 8.397669, 8.434902 ] }, { "date": "2024-07-19", "close": 7.771836, "volume": 65715961, "typical_volume": 157045556.05, "trend": 8.507276, "fair_value": 11.407132, "relative_strength": -5.151176, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.549514, "energy": 32.245824, "activity_lines": [ 8.09816, 8.319841, 8.326175, 8.381885 ] }, { "date": "2024-07-26", "close": 7.821784, "volume": 63327115, "typical_volume": 140787683.25, "trend": 8.453163, "fair_value": 11.406915, "relative_strength": -1.326471, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.076671, "energy": 39.941887, "activity_lines": [ 7.932334, 8.231378, 8.263942, 8.337659 ] }, { "date": "2024-08-02", "close": 8.021573, "volume": 111421464, "typical_volume": 138962231.7, "trend": 8.403718, "fair_value": 11.405891, "relative_strength": 1.457354, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.311615, "energy": 45.5378, "activity_lines": [ 7.901699, 8.183034, 8.227045, 8.309815 ] }, { "date": "2024-08-09", "close": 8.0915, "volume": 268974855, "typical_volume": 137905757.15, "trend": 8.346972, "fair_value": 11.403923, "relative_strength": 3.923967, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.02761, "energy": 42.690781, "activity_lines": [ 7.9643, 8.136876, 8.201593, 8.289672 ] }, { "date": "2024-08-16", "close": 8.051542, "volume": 90152540, "typical_volume": 132601967.8, "trend": 8.316127, "fair_value": 11.402459, "relative_strength": 3.617155, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.376958, "energy": 24.312836, "activity_lines": [ 8.006922, 8.084334, 8.181201, 8.270612 ] }, { "date": "2024-08-23", "close": 8.461112, "volume": 192193920, "typical_volume": 138722845.35, "trend": 8.316204, "fair_value": 11.410705, "relative_strength": 10.56108, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.167457, "energy": 10.642541, "activity_lines": [ 8.176744, 8.115657, 8.205172, 8.279966 ] }, { "date": "2024-08-30", "close": 8.980566, "volume": 263279766, "typical_volume": 147287995.35, "trend": 8.3326, "fair_value": 11.415133, "relative_strength": 14.335298, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.189744, "energy": 12.083956, "activity_lines": [ 8.473765, 8.256781, 8.280833, 8.322828 ] }, { "date": "2024-09-06", "close": 9.030514, "volume": 204121281, "typical_volume": 152249775.05, "trend": 8.404131, "fair_value": 11.398119, "relative_strength": 17.249949, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.087931, "energy": 22.742221, "activity_lines": [ 8.710184, 8.404626, 8.35758, 8.367854 ] }, { "date": "2024-09-13", "close": 8.321259, "volume": 127069186, "typical_volume": 155547037.55, "trend": 8.438403, "fair_value": 11.354037, "relative_strength": 9.490266, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.367931, "energy": 18.478078, "activity_lines": [ 8.642921, 8.424242, 8.360783, 8.362508 ] }, { "date": "2024-09-20", "close": 8.970576, "volume": 100540853, "typical_volume": 158829685.35, "trend": 8.465758, "fair_value": 11.301528, "relative_strength": 16.069373, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.874271, "energy": 37.105295, "activity_lines": [ 8.77678, 8.555921, 8.424393, 8.396842 ] }, { "date": "2024-09-27", "close": 9.699811, "volume": 219617211, "typical_volume": 165457065.35, "trend": 8.49849, "fair_value": 11.246545, "relative_strength": 6.108171, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 44.256119, "energy": 50.093834, "activity_lines": [ 9.092449, 8.800937, 8.553072, 8.476458 ] }, { "date": "2024-10-04", "close": 10.648814, "volume": 76421877, "typical_volume": 166253189.05, "trend": 8.548575, "fair_value": 11.157663, "relative_strength": 4.852609, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 83.785602, "energy": 76.706651, "activity_lines": [ 9.641872, 9.183444, 8.764704, 8.615188 ] }, { "date": "2024-10-11", "close": 9.809695, "volume": 332785389, "typical_volume": 179725575.35, "trend": 8.574675, "fair_value": 11.050371, "relative_strength": 0.811208, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.846781, "energy": 70.006895, "activity_lines": [ 9.800372, 9.361984, 8.883952, 8.696551 ] }, { "date": "2024-10-18", "close": 12.177208, "volume": 450625420, "typical_volume": 197234660.85, "trend": 8.648806, "fair_value": 11.025946, "relative_strength": 20.859271, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.5166, "energy": 86.801404, "activity_lines": [ 10.696097, 9.938469, 9.217404, 8.928973 ] }, { "date": "2024-10-25", "close": 13.236096, "volume": 613155979, "typical_volume": 213360003.95, "trend": 8.784137, "fair_value": 10.986166, "relative_strength": 27.097166, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.884569, "energy": 91.533237, "activity_lines": [ 11.687722, 10.633194, 9.632479, 9.224927 ] }, { "date": "2024-11-01", "close": 14.55471, "volume": 663485516, "typical_volume": 231647738.6, "trend": 8.971725, "fair_value": 10.974767, "relative_strength": 40.472127, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.259729, "energy": 92.648508, "activity_lines": [ 12.834517, 11.473402, 10.150908, 9.597222 ] }, { "date": "2024-11-08", "close": 14.284995, "volume": 442667026, "typical_volume": 240421045.5, "trend": 9.174235, "fair_value": 10.966194, "relative_strength": 28.268276, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.4057, "energy": 91.107969, "activity_lines": [ 13.567748, 12.153778, 10.618655, 9.940013 ] }, { "date": "2024-11-15", "close": 14.744512, "volume": 336504802, "typical_volume": 245002114.35, "trend": 9.406674, "fair_value": 10.952595, "relative_strength": 36.715451, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.583292, "energy": 88.606443, "activity_lines": [ 14.211738, 12.821259, 11.104288, 10.299386 ] }, { "date": "2024-11-22", "close": 15.613599, "volume": 416979690, "typical_volume": 258632091.7, "trend": 9.65978, "fair_value": 10.913822, "relative_strength": 47.910046, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.928447, "energy": 82.530502, "activity_lines": [ 14.816436, 13.542865, 11.645671, 10.699833 ] }, { "date": "2024-11-29", "close": 13.455866, "volume": 408730581, "typical_volume": 272388521.6, "trend": 9.839966, "fair_value": 10.849387, "relative_strength": 25.229184, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.421397, "energy": 58.705526, "activity_lines": [ 14.472797, 13.739567, 11.945262, 10.944742 ] }, { "date": "2024-12-06", "close": 13.505814, "volume": 214905565, "typical_volume": 279848001.8, "trend": 10.018827, "fair_value": 10.792991, "relative_strength": 23.623395, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.956258, "energy": 51.446288, "activity_lines": [ 14.131157, 13.863801, 12.223208, 11.181248 ] }, { "date": "2024-12-13", "close": 13.76554, "volume": 329176911, "typical_volume": 293140491.6, "trend": 10.209999, "fair_value": 10.74079, "relative_strength": 26.599958, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.618674, "energy": 39.862528, "activity_lines": [ 13.946018, 13.966057, 12.498585, 11.422971 ] }, { "date": "2024-12-20", "close": 13.395928, "volume": 190862886, "typical_volume": 297112562.7, "trend": 10.408445, "fair_value": 10.688054, "relative_strength": 23.608501, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.762378, "energy": 29.581863, "activity_lines": [ 13.672305, 13.944443, 12.710458, 11.628515 ] }, { "date": "2024-12-27", "close": 12.786569, "volume": 152071236, "typical_volume": 291267381.75, "trend": 10.563332, "fair_value": 10.609966, "relative_strength": 17.44909, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.302972, "energy": 23.908857, "activity_lines": [ 13.285378, 13.746833, 12.838704, 11.781943 ] }, { "date": "2025-01-03", "close": 11.647764, "volume": 315419369, "typical_volume": 302530723.2, "trend": 10.665977, "fair_value": 10.536915, "relative_strength": 14.848347, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.633507, "energy": 18.14592, "activity_lines": [ 12.707318, 13.331087, 12.836135, 11.851906 ] }, { "date": "2025-01-10", "close": 9.969527, "volume": 207421546, "typical_volume": 303292104.5, "trend": 10.688106, "fair_value": 10.459052, "relative_strength": -0.578365, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.527729, "energy": 16.960757, "activity_lines": [ 11.690386, 12.639087, 12.65661, 11.806974 ] }, { "date": "2025-01-17", "close": 10.429045, "volume": 181571438, "typical_volume": 299206688.1, "trend": 10.740717, "fair_value": 10.398052, "relative_strength": 0.210772, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.504141, "energy": 23.100204, "activity_lines": [ 11.062379, 12.114002, 12.513665, 11.79026 ] }, { "date": "2025-01-24", "close": 10.269213, "volume": 141931216, "typical_volume": 296097184.85, "trend": 10.780675, "fair_value": 10.33666, "relative_strength": -2.648938, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -26.380171, "energy": 35.363552, "activity_lines": [ 10.603528, 11.629965, 12.3486, 11.75984 ] }, { "date": "2025-01-31", "close": 10.029465, "volume": 21627500, "typical_volume": 290825100.55, "trend": 10.848604, "fair_value": 10.284296, "relative_strength": -3.676263, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.722498, "energy": 57.681834, "activity_lines": [ 10.273209, 11.183707, 12.154804, 11.711375 ] }, { "date": "2025-02-07", "close": 10.93851, "volume": 107688597, "typical_volume": 291182487.75, "trend": 10.949498, "fair_value": 10.254081, "relative_strength": 0.544166, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.088656, "energy": 51.97275, "activity_lines": [ 10.429711, 11.004259, 12.039449, 11.717176 ] }, { "date": "2025-02-14", "close": 11.3281, "volume": 191763376, "typical_volume": 289789796.0, "trend": 11.06804, "fair_value": 10.230539, "relative_strength": 2.012041, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.391712, "energy": 29.557548, "activity_lines": [ 10.76336, 10.941416, 11.951826, 11.741602 ] }, { "date": "2025-02-21", "close": 11.178258, "volume": 118861017, "typical_volume": 291911753.0, "trend": 11.179923, "fair_value": 10.215905, "relative_strength": -1.769298, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -7.512234, "energy": 14.570788, "activity_lines": [ 10.956491, 10.890923, 11.84218, 11.748712 ] }, { "date": "2025-02-28", "close": 11.3281, "volume": 289356778, "typical_volume": 289740322.45, "trend": 11.29014, "fair_value": 10.202485, "relative_strength": 2.839387, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -11.140657, "energy": 11.797251, "activity_lines": [ 11.149621, 10.914716, 11.744282, 11.758272 ] }, { "date": "2025-03-07", "close": 12.476893, "volume": 396005610, "typical_volume": 287009331.95, "trend": 11.43632, "fair_value": 10.186433, "relative_strength": 10.483015, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 9.692768, "energy": 14.683644, "activity_lines": [ 11.65509, 11.184978, 11.748563, 11.834837 ] }, { "date": "2025-03-14", "close": 12.436935, "volume": 265992437, "typical_volume": 269651154.85, "trend": 11.5825, "fair_value": 10.162471, "relative_strength": 8.391294, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 14.369684, "energy": 18.484024, "activity_lines": [ 11.984078, 11.453605, 11.747612, 11.899393 ] }, { "date": "2025-03-21", "close": 11.238194, "volume": 183553106, "typical_volume": 245654534.35, "trend": 11.675069, "fair_value": 10.135252, "relative_strength": 0.588121, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.136143, "energy": 11.123202, "activity_lines": [ 11.81359, 11.48993, 11.6363, 11.877179 ] }, { "date": "2025-03-28", "close": 10.768688, "volume": 102983404, "typical_volume": 228670353.25, "trend": 11.734673, "fair_value": 10.113375, "relative_strength": -2.955114, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.396288, "energy": 11.770994, "activity_lines": [ 11.492594, 11.417824, 11.496067, 11.818703 ] }, { "date": "2025-04-04", "close": 10.668794, "volume": 53638425, "typical_volume": 214527034.4, "trend": 11.789283, "fair_value": 10.095981, "relative_strength": -1.784072, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -56.013728, "energy": 32.575733, "activity_lines": [ 11.165604, 11.32138, 11.363064, 11.749937 ] }, { "date": "2025-04-11", "close": 9.510011, "volume": 132410122, "typical_volume": 200298556.0, "trend": 11.828908, "fair_value": 10.07078, "relative_strength": -7.852915, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -73.345872, "energy": 67.257777, "activity_lines": [ 10.496308, 11.006983, 11.139108, 11.602887 ] }, { "date": "2025-04-18", "close": 9.609905, "volume": 65618029, "typical_volume": 183142928.4, "trend": 11.850219, "fair_value": 10.05166, "relative_strength": -6.630503, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.757233, "energy": 74.825358, "activity_lines": [ 10.058101, 10.720194, 10.953732, 11.459726 ] }, { "date": "2025-04-25", "close": 9.619895, "volume": 63422757, "typical_volume": 175568788.0, "trend": 11.847555, "fair_value": 10.024189, "relative_strength": -8.015694, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.061696, "energy": 75.99482, "activity_lines": [ 9.811694, 10.459377, 10.787621, 11.315834 ] }, { "date": "2025-05-02", "close": 9.649863, "volume": 33321402, "typical_volume": 160776012.55, "trend": 11.814256, "fair_value": 10.000138, "relative_strength": -7.795543, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.764136, "energy": 74.215318, "activity_lines": [ 9.683162, 10.235067, 10.642868, 11.174047 ] }, { "date": "2025-05-09", "close": 10.059433, "volume": 78149755, "typical_volume": 155140356.0, "trend": 11.822581, "fair_value": 9.997563, "relative_strength": -6.304109, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.795814, "energy": 59.570646, "activity_lines": [ 9.765742, 10.113013, 10.55672, 11.060833 ] }, { "date": "2025-05-16", "close": 9.939559, "volume": 53642593, "typical_volume": 150218923.85, "trend": 11.747993, "fair_value": 9.998902, "relative_strength": -8.14939, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.400533, "energy": 43.195731, "activity_lines": [ 9.848987, 9.992231, 10.475044, 10.939347 ] }, { "date": "2025-05-23", "close": 9.829675, "volume": 80339029, "typical_volume": 138464906.85, "trend": 11.634445, "fair_value": 10.005483, "relative_strength": -9.038667, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.34457, "energy": 38.497149, "activity_lines": [ 9.866969, 9.897603, 10.39646, 10.815585 ] }, { "date": "2025-05-30", "close": 9.799706, "volume": 74301216, "typical_volume": 131808890.35, "trend": 11.475945, "fair_value": 10.013454, "relative_strength": -8.662881, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.693952, "energy": 33.062903, "activity_lines": [ 9.860309, 9.844931, 10.323679, 10.697215 ] }, { "date": "2025-06-06", "close": 9.939559, "volume": 41332881, "typical_volume": 124796962.5, "trend": 11.331097, "fair_value": 10.017007, "relative_strength": -8.743478, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.028849, "energy": 34.274974, "activity_lines": [ 9.88828, 9.843841, 10.265027, 10.598093 ] }, { "date": "2025-06-13", "close": 9.579937, "volume": 79680171, "typical_volume": 121684410.25, "trend": 11.158945, "fair_value": 10.015787, "relative_strength": -11.415531, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.85251, "energy": 40.388811, "activity_lines": [ 9.777063, 9.792441, 10.174455, 10.485115 ] }, { "date": "2025-06-20", "close": 9.43, "volume": 47079439, "typical_volume": 122957007.2, "trend": 10.952825, "fair_value": 10.015504, "relative_strength": -11.727793, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.95597, "energy": 51.347062, "activity_lines": [ 9.647834, 9.733577, 10.072886, 10.37357 ] }, { "date": "2025-06-27", "close": 10.12, "volume": 116539383, "typical_volume": 123399546.5, "trend": 10.841629, "fair_value": 10.016102, "relative_strength": -8.595914, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.771432, "energy": 33.625245, "activity_lines": [ 9.782576, 9.801621, 10.039886, 10.31984 ] }, { "date": "2025-07-04", "close": 10.16, "volume": 189805716, "typical_volume": 123301663.5, "trend": 10.730102, "fair_value": 10.017122, "relative_strength": -9.449634, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.225892, "energy": 23.645961, "activity_lines": [ 9.911296, 9.867665, 10.014593, 10.275863 ] }, { "date": "2025-07-11", "close": 10.33, "volume": 68496481, "typical_volume": 120783436.7, "trend": 10.615584, "fair_value": 10.015221, "relative_strength": -9.664514, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.203391, "energy": 15.030098, "activity_lines": [ 10.072662, 9.954797, 10.011053, 10.25005 ] }, { "date": "2025-07-18", "close": 10.02, "volume": 70387217, "typical_volume": 109834958.65, "trend": 10.503053, "fair_value": 10.004776, "relative_strength": -14.193366, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.412607, "energy": 18.750738, "activity_lines": [ 10.104667, 9.973199, 9.982029, 10.211626 ] }, { "date": "2025-07-25", "close": 10.35, "volume": 95911925, "typical_volume": 94830274.4, "trend": 10.421834, "fair_value": 9.997528, "relative_strength": -13.411927, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.955826, "energy": 12.338716, "activity_lines": [ 10.217333, 10.052318, 9.990662, 10.201751 ] }, { "date": "2025-08-01", "close": 10.15, "volume": 71936244, "typical_volume": 85127464.75, "trend": 10.371909, "fair_value": 9.992818, "relative_strength": -13.696833, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.170771, "energy": 12.086401, "activity_lines": [ 10.202, 10.087612, 9.990375, 10.184214 ] }, { "date": "2025-08-08", "close": 10.15, "volume": 75892796, "typical_volume": 79744449.25, "trend": 10.377925, "fair_value": 9.992565, "relative_strength": -14.682343, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.114658, "energy": 9.495336, "activity_lines": [ 10.184667, 10.117081, 10.000979, 10.169897 ] }, { "date": "2025-08-15", "close": 10.24, "volume": 78570382, "typical_volume": 78523798.15, "trend": 10.371623, "fair_value": 9.988305, "relative_strength": -17.544447, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.818949, "energy": 9.015112, "activity_lines": [ 10.198, 10.156544, 10.025336, 10.160998 ] }, { "date": "2025-08-22", "close": 10.63, "volume": 123091720, "typical_volume": 81996462.9, "trend": 10.383649, "fair_value": 9.988964, "relative_strength": -17.905502, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.66195, "energy": 15.054672, "activity_lines": [ 10.347333, 10.261455, 10.089354, 10.177668 ] }, { "date": "2025-08-29", "close": 10.45, "volume": 128255394, "typical_volume": 81788726.5, "trend": 10.397667, "fair_value": 9.990506, "relative_strength": -22.310574, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.081488, "energy": 15.621725, "activity_lines": [ 10.396, 10.314545, 10.136413, 10.181949 ] }, { "date": "2025-09-05", "close": 9.9, "volume": 115475640, "typical_volume": 84281607.05, "trend": 10.36305, "fair_value": 9.982156, "relative_strength": -25.34269, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.879123, "energy": 12.127865, "activity_lines": [ 10.254667, 10.249091, 10.126615, 10.149841 ] }, { "date": "2025-09-12", "close": 9.68, "volume": 78359489, "typical_volume": 85028443.65, "trend": 10.308113, "fair_value": 9.959218, "relative_strength": -28.502905, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.456246, "energy": 17.212488, "activity_lines": [ 10.056667, 10.147636, 10.094484, 10.105773 ] }, { "date": "2025-09-19", "close": 9.63, "volume": 90926189, "typical_volume": 87908683.0, "trend": 10.256505, "fair_value": 9.943026, "relative_strength": -29.184301, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.070698, "energy": 31.193137, "activity_lines": [ 9.873333, 10.045818, 10.057304, 10.062024 ] }, { "date": "2025-09-26", "close": 9.62, "volume": 92041355, "typical_volume": 88603263.0, "trend": 10.199568, "fair_value": 9.925561, "relative_strength": -29.618891, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.093222, "energy": 42.603037, "activity_lines": [ 9.727333, 9.954909, 10.019266, 10.020959 ] }, { "date": "2025-10-03", "close": 9.6, "volume": 36141289, "typical_volume": 87728197.8, "trend": 10.103672, "fair_value": 9.916497, "relative_strength": -31.027264, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.55789, "energy": 58.167488, "activity_lines": [ 9.642, 9.867636, 9.981417, 9.982277 ] }, { "date": "2025-10-10", "close": 9.8, "volume": 38527991, "typical_volume": 85637645.9, "trend": 10.015774, "fair_value": 9.914382, "relative_strength": -28.365349, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.693619, "energy": 48.368619, "activity_lines": [ 9.68, 9.830364, 9.964232, 9.962686 ] }, { "date": "2025-10-17", "close": 9.52, "volume": 91976494, "typical_volume": 86521409.8, "trend": 9.958501, "fair_value": 9.914992, "relative_strength": -26.167317, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.976167, "energy": 48.811004, "activity_lines": [ 9.631333, 9.748545, 9.920521, 9.9307 ] }, { "date": "2025-10-24", "close": 10.13, "volume": 210320434, "typical_volume": 94970787.45, "trend": 9.937211, "fair_value": 9.923332, "relative_strength": -24.291383, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -2.330727, "energy": 6.477348, "activity_lines": [ 9.796667, 9.789091, 9.936238, 9.941765 ] }, { "date": "2025-10-31", "close": 10.09, "volume": 107822628, "typical_volume": 96377910.3, "trend": 9.917918, "fair_value": 9.928488, "relative_strength": -24.168325, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.963761, "energy": 5.132514, "activity_lines": [ 9.915333, 9.824364, 9.947238, 9.951622 ] }, { "date": "2025-11-07", "close": 10.18, "volume": 88268362, "typical_volume": 98437356.45, "trend": 9.940251, "fair_value": 9.936129, "relative_strength": -22.863384, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.926228, "energy": 11.203082, "activity_lines": [ 10.032667, 9.885818, 9.964381, 9.968531 ] }, { "date": "2025-11-14", "close": 10.31, "volume": 93229473, "typical_volume": 97271860.95, "trend": 9.963588, "fair_value": 9.946324, "relative_strength": -19.840622, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 35.991681, "energy": 26.219732, "activity_lines": [ 10.154667, 9.975818, 9.990333, 9.992385 ] }, { "date": "2025-11-21", "close": 10.09, "volume": 77079585, "typical_volume": 91635554.4, "trend": 9.979258, "fair_value": 9.949251, "relative_strength": -16.164502, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 38.489656, "energy": 27.557725, "activity_lines": [ 10.169333, 10.018364, 9.994429, 10.000541 ] }, { "date": "2025-11-28", "close": 10.33, "volume": 100812622, "typical_volume": 93251361.45, "trend": 10.001929, "fair_value": 9.947668, "relative_strength": -16.326756, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 47.396342, "energy": 36.084547, "activity_lines": [ 10.226, 10.097091, 10.021714, 10.023169 ] }, { "date": "2025-12-05", "close": 10.89, "volume": 367519950, "typical_volume": 108107998.1, "trend": 10.029615, "fair_value": 9.949803, "relative_strength": -12.136191, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 71.696632, "energy": 56.078137, "activity_lines": [ 10.456, 10.264909, 10.102333, 10.080464 ] }, { "date": "2025-12-12", "close": 10.78, "volume": 179596272, "typical_volume": 112292215.45, "trend": 10.057629, "fair_value": 9.955752, "relative_strength": -12.911285, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.48216, "energy": 56.828492, "activity_lines": [ 10.596, 10.389636, 10.168333, 10.128876 ] }, { "date": "2025-12-19", "close": 11.09, "volume": 155281872, "typical_volume": 116459496.85, "trend": 10.09964, "fair_value": 9.961652, "relative_strength": -8.823501, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.517154, "energy": 67.750333, "activity_lines": [ 10.799333, 10.549273, 10.26181, 10.195481 ] }, { "date": "2025-12-26", "close": 10.57, "volume": 106147189, "typical_volume": 117972216.5, "trend": 10.125317, "fair_value": 9.958297, "relative_strength": -15.31733, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.787894, "energy": 60.258218, "activity_lines": [ 10.777333, 10.590909, 10.301286, 10.225827 ] }, { "date": "2026-01-02", "close": 10.91, "volume": 77310649, "typical_volume": 117909229.85, "trend": 10.157665, "fair_value": 9.962279, "relative_strength": -11.396128, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.562073, "energy": 51.945626, "activity_lines": [ 10.836667, 10.675273, 10.371143, 10.276451 ] }, { "date": "2026-01-09", "close": 11.33, "volume": 176248849, "typical_volume": 120567086.3, "trend": 10.216, "fair_value": 9.96978, "relative_strength": -11.460667, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.519153, "energy": 54.075579, "activity_lines": [ 10.997333, 10.821818, 10.47781, 10.352086 ] }, { "date": "2026-01-16", "close": 10.58, "volume": 301401350, "typical_volume": 129224384.1, "trend": 10.254333, "fair_value": 9.975594, "relative_strength": -17.755018, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.044255, "energy": 31.609474, "activity_lines": [ 10.878667, 10.809455, 10.509714, 10.37557 ] }, { "date": "2026-01-23", "close": 10.96, "volume": 163025847, "typical_volume": 131601894.45, "trend": 10.282333, "fair_value": 9.981297, "relative_strength": -15.305117, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.958617, "energy": 34.287788, "activity_lines": [ 10.9, 10.858909, 10.57719, 10.421097 ] }, { "date": "2026-01-30", "close": 10.45, "volume": 128027120, "typical_volume": 134085276.0, "trend": 10.292, "fair_value": 9.985067, "relative_strength": -17.471192, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.117246, "energy": 22.305654, "activity_lines": [ 10.76, 10.803818, 10.591048, 10.431914 ] }, { "date": "2026-02-06", "close": 10.3, "volume": 81582201, "typical_volume": 133618076.6, "trend": 10.291, "fair_value": 9.987112, "relative_strength": -16.376191, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 27.058172, "energy": 16.108783, "activity_lines": [ 10.578, 10.714909, 10.586952, 10.43243 ] }, { "date": "2026-02-13", "close": 10.58, "volume": 181795698, "typical_volume": 138105793.75, "trend": 10.309667, "fair_value": 9.988342, "relative_strength": -14.719507, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 28.620233, "energy": 15.304885, "activity_lines": [ 10.53, 10.677455, 10.606333, 10.451075 ] }, { "date": "2026-02-27", "close": 10.99, "volume": 96773681, "typical_volume": 141137413.35, "trend": 10.331, "fair_value": 9.98787, "relative_strength": -13.33784, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.639769, "energy": 17.514561, "activity_lines": [ 10.668667, 10.720182, 10.66019, 10.494968 ] }, { "date": "2026-03-06", "close": 10.3, "volume": 151921096, "typical_volume": 146807068.6, "trend": 10.336, "fair_value": 9.980684, "relative_strength": -16.303912, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.038258, "energy": 8.072415, "activity_lines": [ 10.55, 10.633636, 10.641714, 10.492968 ] }, { "date": "2026-03-13", "close": 10.87, "volume": 172464697, "typical_volume": 150831478.75, "trend": 10.36, "fair_value": 9.978298, "relative_strength": -11.578464, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.764157, "energy": 15.648817, "activity_lines": [ 10.665333, 10.665091, 10.675143, 10.527419 ] }, { "date": "2026-03-20", "close": 10.46, "volume": 101046240, "typical_volume": 145367769.05, "trend": 10.367333, "fair_value": 9.97271, "relative_strength": -11.622316, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.633393, "energy": 8.311335, "activity_lines": [ 10.616, 10.616545, 10.663095, 10.533871 ] }, { "date": "2026-03-27", "close": 10.38, "volume": 166463359, "typical_volume": 148299805.6, "trend": 10.359, "fair_value": 9.97113, "relative_strength": -11.028019, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.667357, "energy": 7.172198, "activity_lines": [ 10.529333, 10.561636, 10.641857, 10.534688 ] }, { "date": "2026-04-03", "close": 10.19, "volume": 100893634, "typical_volume": 148931069.2, "trend": 10.350333, "fair_value": 9.967313, "relative_strength": -9.473672, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.454305, "energy": 9.161576, "activity_lines": [ 10.392667, 10.489455, 10.601143, 10.523785 ] }, { "date": "2026-04-10", "close": 10.57, "volume": 73039338, "typical_volume": 147921562.45, "trend": 10.372667, "fair_value": 9.959439, "relative_strength": -11.790351, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.134498, "energy": 9.055669, "activity_lines": [ 10.436, 10.493455, 10.596571, 10.537957 ] }, { "date": "2026-04-17", "close": 10.97, "volume": 135120511, "typical_volume": 150823608.75, "trend": 10.415667, "fair_value": 9.957248, "relative_strength": -11.527023, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.990229, "energy": 12.843934, "activity_lines": [ 10.594667, 10.577273, 10.628857, 10.576495 ] }, { "date": "2026-04-24", "close": 11.9, "volume": 347582646, "typical_volume": 163162109.95, "trend": 10.491333, "fair_value": 9.96121, "relative_strength": -3.966875, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 61.439009, "energy": 44.050534, "activity_lines": [ 11.056667, 10.820727, 10.745524, 10.672258 ] }, { "date": "2026-05-01", "close": 11.7, "volume": 203583576, "typical_volume": 154965291.25, "trend": 10.560667, "fair_value": 9.967581, "relative_strength": -6.200781, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 59.054061, "energy": 53.998405, "activity_lines": [ 11.356, 10.998727, 10.835667, 10.750237 ] }, { "date": "2026-05-08", "close": 11.51, "volume": 93971929, "typical_volume": 150684074.1, "trend": 10.624333, "fair_value": 9.970889, "relative_strength": -9.935645, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.4481, "energy": 58.294813, "activity_lines": [ 11.504, 11.121818, 10.903857, 10.811484 ] }, { "date": "2026-05-15", "close": 10.4, "volume": 169521582, "typical_volume": 151396059.6, "trend": 10.644333, "fair_value": 9.9674, "relative_strength": -17.984243, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.748787, "energy": 40.825819, "activity_lines": [ 11.194, 11.033636, 10.862857, 10.797011 ] }, { "date": "2026-05-22", "close": 9.27, "volume": 138238898, "typical_volume": 153000645.05, "trend": 10.636, "fair_value": 9.959341, "relative_strength": -26.400313, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -15.051373, "energy": 11.802987, "activity_lines": [ 10.518667, 10.738182, 10.717524, 10.708344 ] }, { "date": "2026-05-29", "close": 8.43, "volume": 135281478, "typical_volume": 155899186.5, "trend": 10.579333, "fair_value": 9.951372, "relative_strength": -32.282642, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "down", "direction": -75.160333, "energy": 60.572855, "activity_lines": [ 9.676667, 10.319091, 10.498381, 10.566022 ] }, { "date": "2026-06-05", "close": 9.16, "volume": 27252201, "typical_volume": 148449354.1, "trend": 10.548333, "fair_value": 9.94751, "relative_strength": -24.480731, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.553804, "energy": 67.290639, "activity_lines": [ 9.309333, 10.069636, 10.360571, 10.474452 ] }, { "date": "2026-06-12", "close": 8.88, "volume": 21503078, "typical_volume": 134454440.5, "trend": 10.505, "fair_value": 9.944336, "relative_strength": -24.367861, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.538831, "energy": 78.587911, "activity_lines": [ 9.018, 9.791455, 10.206429, 10.366817 ] }, { "date": "2026-06-19", "close": 8.19, "volume": 96677772, "typical_volume": 131137036.75, "trend": 10.434333, "fair_value": 9.932855, "relative_strength": -34.18631, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.962888, "energy": 84.203792, "activity_lines": [ 8.672, 9.411636, 9.994667, 10.217462 ] }, { "date": "2026-06-26", "close": 7.3, "volume": 22540335, "typical_volume": 125862697.5, "trend": 10.341333, "fair_value": 9.91777, "relative_strength": -39.697602, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.471417, "energy": 90.216792, "activity_lines": [ 8.176667, 8.913273, 9.711333, 10.015247 ] }, { "date": "2026-07-03", "close": 7.58, "volume": 19255083, "typical_volume": 122746341.6, "trend": 10.249667, "fair_value": 9.902429, "relative_strength": -35.856554, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.209922, "energy": 88.622388, "activity_lines": [ 7.906, 8.532545, 9.469667, 9.837097 ] }, { "date": "2026-07-10", "close": 7.93, "volume": 98394632, "typical_volume": 118576288.3, "trend": 10.151, "fair_value": 9.893291, "relative_strength": -29.652871, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.87689, "energy": 80.902091, "activity_lines": [ 7.808667, 8.294, 9.274286, 9.687441 ] }, { "date": "2026-07-17", "close": 8.67, "volume": 196042516, "typical_volume": 123539730.05, "trend": 10.080667, "fair_value": 9.891133, "relative_strength": -14.842082, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.296739, "energy": 54.793755, "activity_lines": [ 8.04, 8.258545, 9.162, 9.591892 ] }, { "date": "2026-07-24", "close": 8.23, "volume": 183955023, "typical_volume": 125141426.4, "trend": 9.985333, "fair_value": 9.886217, "relative_strength": -18.888377, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.668101, "energy": 48.18107, "activity_lines": [ 8.138667, 8.194727, 9.018857, 9.472495 ] }, { "date": "2026-07-31", "close": 8.42, "volume": 116632527, "typical_volume": 122349817.9, "trend": 9.913667, "fair_value": 9.881881, "relative_strength": -15.140132, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.52148, "energy": 35.485751, "activity_lines": [ 8.298, 8.204909, 8.903667, 9.371505 ] }, { "date": "2026-08-07", "close": 8.31, "volume": 105021672, "typical_volume": 122548589.5, "trend": 9.827, "fair_value": 9.878436, "relative_strength": -19.809622, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.398052, "energy": 28.924202, "activity_lines": [ 8.346, 8.210545, 8.789667, 9.268043 ] } ], "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." } } }