{ "ticker": { "uuid": "72988e72-7ac7-4cfd-bc95-cfde811e7286", "symbol": "603816", "name": "Jason Furniture (Hangzhou) 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": 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": -43.511, "architecture_energy": 35.629, "architecture_maturity": 86.703, "architecture_confidence": 80.697, "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": 28.89, "rotation_up": 27.75, "upward_expansion": 19.2, "deceleration": 46.95, "rotation_down": 30.07, "downward_expansion": 64.54 }, "activity_lines": [ 24.208, 23.55787, 25.328961, 27.268174 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 24.51, "trend_reference": 29.575997, "distance_from_trend": -0.171287, "trend_direction": "Weakening", "fair_value": 29.525249, "distance_from_fair_value": -0.169863, "fair_value_direction": "Weakening", "relative_strength": -17.106584, "relative_strength_direction": "Weakening", "price_momentum": -0.307627, "excess_performance": -0.264423, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.171287, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.074555, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.169863, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.189497, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.171066, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.127884, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.307627, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.715154, "read": "Demand-led" } ], "volume": { "latest": 47197769, "relative_activity": 1.550409, "balance": 1.715154, "dry_up": 1.487486, "accumulation_observations": 6, "distribution_observations": 3 }, "risk": { "range_context": 0.094858, "annualized_volatility": 0.357264, "from_high_reference": -0.347965, "from_low_reference": 0.160713 }, "levels": { "trend_reference": 29.575997, "fair_value_reference": 29.525249, "structural_low": 21.116338, "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": 27, "median_return": 0.057692, "positive_rate": 0.777778, "directional_follow_through": 0.222222, "median_excess_return": 0.031752, "regime_survival": 0.703704, "best_return": 0.315968, "worst_return": -0.22591, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": 0.088, "positive_rate": 0.636364, "directional_follow_through": 0.363636, "median_excess_return": 0.056281, "regime_survival": 0.363636, "best_return": 0.378736, "worst_return": -0.215749, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.013748, "positive_rate": 0.428571, "directional_follow_through": 0.571429, "median_excess_return": -0.042352, "regime_survival": 0.142857, "best_return": 0.288936, "worst_return": -0.208805, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.048262, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.004037, "regime_survival": 0.0, "best_return": 0.404714, "worst_return": -0.149396, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-07-12", "end": "2024-10-18", "tenure": "Established", "return": 0.029667, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-25", "end": "2024-11-22", "tenure": "Developing", "return": -0.141896, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-29", "end": "2025-03-28", "tenure": "Established", "return": -0.066809, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-04", "end": "2025-07-04", "tenure": "Established", "return": 0.036874, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-11", "end": "2025-07-25", "tenure": "New", "return": 0.042014, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-01", "end": "2025-08-29", "tenure": "Developing", "return": 0.145547, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-05", "end": "2025-10-24", "tenure": "Developing", "return": 0.02272, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-31", "end": "2025-11-07", "tenure": "New", "return": -0.012334, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-14", "end": "2025-12-26", "tenure": "Developing", "return": 0.003899, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-01-02", "end": "2026-01-09", "tenure": "New", "return": 0.024723, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-16", "end": "2026-03-27", "tenure": "Developing", "return": 0.081029, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-03", "end": "2026-05-01", "tenure": "Developing", "return": -0.136228, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-05-08", "end": "2026-06-05", "tenure": "Developing", "return": -0.156088, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-12", "end": "2026-08-07", "tenure": "Developing", "return": -0.039513, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 38.940971, "volume": 31627660, "typical_volume": 21801370.1, "trend": 36.382545, "fair_value": 43.238772, "relative_strength": 5.023063, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 16.267446, "energy": 23.704998, "activity_lines": [ 36.318827, 35.359017, 34.663477, 35.343516 ] }, { "date": "2023-08-04", "close": 39.451401, "volume": 41049690, "typical_volume": 22950744.4, "trend": 36.431861, "fair_value": 43.244613, "relative_strength": 6.094133, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 37.376481, "energy": 52.17767, "activity_lines": [ 37.612154, 36.229995, 35.104293, 35.541507 ] }, { "date": "2023-08-11", "close": 37.837234, "volume": 12485160, "typical_volume": 22509277.1, "trend": 36.368102, "fair_value": 43.244509, "relative_strength": 5.040193, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 23.076937, "energy": 52.008865, "activity_lines": [ 37.998516, 36.668889, 35.378238, 35.632176 ] }, { "date": "2023-08-18", "close": 37.6366, "volume": 16946231, "typical_volume": 22070953.6, "trend": 36.268316, "fair_value": 43.243627, "relative_strength": 6.388876, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.142545, "energy": 51.762291, "activity_lines": [ 38.100562, 37.002466, 35.629863, 35.714015 ] }, { "date": "2023-08-25", "close": 36.99823, "volume": 16009274, "typical_volume": 21875812.2, "trend": 36.203558, "fair_value": 43.218757, "relative_strength": 6.931151, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.042894, "energy": 35.037255, "activity_lines": [ 37.792868, 37.154947, 35.813269, 35.761106 ] }, { "date": "2023-09-01", "close": 39.259892, "volume": 22739552, "typical_volume": 22267486.05, "trend": 36.254492, "fair_value": 43.197421, "relative_strength": 10.849222, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 38.484959, "energy": 31.329585, "activity_lines": [ 38.155203, 37.691404, 36.220308, 35.958289 ] }, { "date": "2023-09-08", "close": 38.53944, "volume": 21498575, "typical_volume": 22014200.25, "trend": 36.261853, "fair_value": 43.168121, "relative_strength": 9.438177, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.979301, "energy": 26.818353, "activity_lines": [ 38.256126, 37.988749, 36.545866, 36.105705 ] }, { "date": "2023-09-15", "close": 38.229374, "volume": 12900336, "typical_volume": 21389743.6, "trend": 36.279622, "fair_value": 43.132263, "relative_strength": 8.696772, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.957316, "energy": 25.514797, "activity_lines": [ 38.314491, 38.145687, 36.821792, 36.232642 ] }, { "date": "2023-09-22", "close": 37.508926, "volume": 15589109, "typical_volume": 21810294.75, "trend": 36.132016, "fair_value": 43.094199, "relative_strength": 6.293571, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 52.086284, "energy": 33.783574, "activity_lines": [ 38.106564, 38.105204, 37.004001, 36.311952 ] }, { "date": "2023-09-29", "close": 36.925274, "volume": 11006797, "typical_volume": 21475282.65, "trend": 35.94095, "fair_value": 43.066236, "relative_strength": 5.477824, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 38.843305, "energy": 22.937041, "activity_lines": [ 37.712598, 37.90721, 37.10878, 36.36313 ] }, { "date": "2023-10-13", "close": 36.268661, "volume": 14708039, "typical_volume": 21067546.75, "trend": 35.837055, "fair_value": 43.03326, "relative_strength": 4.231453, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 30.407824, "energy": 17.538094, "activity_lines": [ 37.104624, 37.568287, 37.1312, 36.384272 ] }, { "date": "2023-10-20", "close": 34.800407, "volume": 11376298, "typical_volume": 20759851.25, "trend": 35.774014, "fair_value": 42.99845, "relative_strength": 3.546759, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.589144, "energy": 14.7448, "activity_lines": [ 36.206648, 37.010997, 36.991881, 36.317392 ] }, { "date": "2023-10-27", "close": 34.289707, "volume": 13281418, "typical_volume": 20092145.35, "trend": 35.678243, "fair_value": 42.962991, "relative_strength": 0.751145, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.180979, "energy": 28.336032, "activity_lines": [ 35.387708, 36.445416, 36.789771, 36.22163 ] }, { "date": "2023-11-03", "close": 33.541897, "volume": 24759940, "typical_volume": 19838519.25, "trend": 35.5937, "fair_value": 42.916388, "relative_strength": -2.065121, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.627686, "energy": 45.178367, "activity_lines": [ 34.582142, 35.808369, 36.515305, 36.083801 ] }, { "date": "2023-11-10", "close": 35.612049, "volume": 28584337, "typical_volume": 19878399.7, "trend": 35.489848, "fair_value": 42.870398, "relative_strength": 3.318289, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.680945, "energy": 39.724842, "activity_lines": [ 34.731095, 35.622164, 36.440464, 36.084985 ] }, { "date": "2023-11-17", "close": 33.815491, "volume": 39688513, "typical_volume": 21043189.7, "trend": 35.398422, "fair_value": 42.823347, "relative_strength": -2.646134, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.522907, "energy": 46.968309, "activity_lines": [ 34.368744, 35.134514, 36.193989, 35.976962 ] }, { "date": "2023-11-24", "close": 34.955437, "volume": 23602354, "typical_volume": 20710276.75, "trend": 35.419675, "fair_value": 42.744785, "relative_strength": 0.831846, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.960447, "energy": 25.257581, "activity_lines": [ 34.54992, 34.953117, 36.05369, 35.948382 ] }, { "date": "2023-12-01", "close": 33.478062, "volume": 16866649, "typical_volume": 20665017.5, "trend": 35.437024, "fair_value": 42.621998, "relative_strength": -3.29488, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -35.416577, "energy": 26.927857, "activity_lines": [ 34.228302, 34.56827, 35.767746, 35.823117 ] }, { "date": "2023-12-08", "close": 32.739376, "volume": 16100165, "typical_volume": 20644184.15, "trend": 35.430937, "fair_value": 42.492951, "relative_strength": -3.622119, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -41.509335, "energy": 40.659273, "activity_lines": [ 33.714565, 34.135503, 35.416678, 35.649075 ] }, { "date": "2023-12-15", "close": 32.018929, "volume": 15230759, "typical_volume": 20302542.8, "trend": 35.406168, "fair_value": 42.348703, "relative_strength": -4.925218, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.886049, "energy": 55.535578, "activity_lines": [ 33.01418, 33.658466, 35.006249, 35.428946 ] }, { "date": "2023-12-22", "close": 31.7271, "volume": 12900331, "typical_volume": 19366176.35, "trend": 35.408124, "fair_value": 42.224428, "relative_strength": -4.60333, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -72.665071, "energy": 74.779483, "activity_lines": [ 32.45606, 33.217574, 34.585747, 35.191587 ] }, { "date": "2023-12-29", "close": 31.918612, "volume": 22452423, "typical_volume": 18436313.0, "trend": 35.411128, "fair_value": 42.101889, "relative_strength": -5.782424, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.221085, "energy": 73.306655, "activity_lines": [ 32.101004, 32.894077, 34.217837, 34.966457 ] }, { "date": "2024-01-05", "close": 30.979292, "volume": 13163193, "typical_volume": 18470214.65, "trend": 35.308734, "fair_value": 41.986959, "relative_strength": -6.828314, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.440349, "energy": 75.809272, "activity_lines": [ 31.635296, 32.452191, 33.796337, 34.680532 ] }, { "date": "2024-01-12", "close": 31.863892, "volume": 15788319, "typical_volume": 18412319.05, "trend": 35.23553, "fair_value": 41.867964, "relative_strength": -2.393963, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.848101, "energy": 59.515295, "activity_lines": [ 31.63104, 32.231331, 33.491742, 34.458284 ] }, { "date": "2024-01-19", "close": 31.48999, "volume": 13792030, "typical_volume": 18301456.85, "trend": 35.101853, "fair_value": 41.770786, "relative_strength": -1.601097, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.030313, "energy": 49.692077, "activity_lines": [ 31.560515, 31.972997, 33.179027, 34.216636 ] }, { "date": "2024-01-26", "close": 32.237793, "volume": 15814231, "typical_volume": 17955190.8, "trend": 35.066006, "fair_value": 41.678951, "relative_strength": -1.688267, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.115488, "energy": 42.288615, "activity_lines": [ 31.77452, 31.925574, 32.963761, 34.031858 ] }, { "date": "2024-02-02", "close": 30.650986, "volume": 17472829, "typical_volume": 17753903.5, "trend": 34.957113, "fair_value": 41.575633, "relative_strength": -0.242961, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.117396, "energy": 43.698786, "activity_lines": [ 31.425543, 31.618327, 32.630808, 33.747018 ] }, { "date": "2024-02-09", "close": 34.48122, "volume": 33176332, "typical_volume": 18767703.3, "trend": 34.953965, "fair_value": 41.469648, "relative_strength": 6.821539, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.001833, "energy": 19.215326, "activity_lines": [ 32.43782, 32.085748, 32.700204, 33.716315 ] }, { "date": "2024-02-23", "close": 34.116436, "volume": 26584647, "typical_volume": 19317480.2, "trend": 34.935101, "fair_value": 41.361197, "relative_strength": 0.871705, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.008739, "energy": 16.116026, "activity_lines": [ 33.09504, 32.468606, 32.752707, 33.662281 ] }, { "date": "2024-03-01", "close": 34.262348, "volume": 21883157, "typical_volume": 19861298.2, "trend": 34.885834, "fair_value": 41.269302, "relative_strength": 0.626426, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.710331, "energy": 12.64799, "activity_lines": [ 33.650727, 32.852955, 32.835261, 33.618878 ] }, { "date": "2024-03-08", "close": 34.700089, "volume": 15703406, "typical_volume": 19911066.55, "trend": 34.744472, "fair_value": 41.120567, "relative_strength": 1.52703, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.543608, "energy": 18.836178, "activity_lines": [ 34.167505, 33.276105, 32.972185, 33.606894 ] }, { "date": "2024-03-15", "close": 35.374939, "volume": 20824172, "typical_volume": 20383460.25, "trend": 34.608589, "fair_value": 40.97184, "relative_strength": 3.428564, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.081677, "energy": 27.26171, "activity_lines": [ 34.745079, 33.7679, 33.18085, 33.64757 ] }, { "date": "2024-03-22", "close": 33.496304, "volume": 18808462, "typical_volume": 20659812.45, "trend": 34.463892, "fair_value": 40.837443, "relative_strength": -1.648665, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.751656, "energy": 14.037519, "activity_lines": [ 34.381512, 33.855283, 33.207862, 33.575809 ] }, { "date": "2024-03-29", "close": 33.623978, "volume": 16155573, "typical_volume": 20229594.1, "trend": 34.330138, "fair_value": 40.734472, "relative_strength": -1.011419, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.516216, "energy": 10.609144, "activity_lines": [ 34.126163, 33.920115, 33.250811, 33.521621 ] }, { "date": "2024-04-05", "close": 34.727448, "volume": 15037373, "typical_volume": 19552245.9, "trend": 34.254445, "fair_value": 40.635991, "relative_strength": 1.311637, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.793599, "energy": 13.016995, "activity_lines": [ 34.271469, 34.153577, 33.398462, 33.547254 ] }, { "date": "2024-04-12", "close": 30.988409, "volume": 23487250, "typical_volume": 18742182.75, "trend": 33.978729, "fair_value": 40.527681, "relative_strength": -7.984209, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.474908, "energy": 22.601512, "activity_lines": [ 33.139421, 33.648351, 33.194226, 33.336542 ] }, { "date": "2024-04-19", "close": 29.18273, "volume": 30764980, "typical_volume": 19100314.05, "trend": 33.666839, "fair_value": 40.382863, "relative_strength": -14.327491, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.029458, "energy": 36.99774, "activity_lines": [ 31.652926, 32.837535, 32.831483, 33.027123 ] }, { "date": "2024-04-26", "close": 30.57803, "volume": 23122081, "typical_volume": 19413085.65, "trend": 33.411794, "fair_value": 40.232808, "relative_strength": -10.748242, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.046713, "energy": 50.924793, "activity_lines": [ 31.044345, 32.307106, 32.629115, 32.827845 ] }, { "date": "2024-05-03", "close": 30.450356, "volume": 16524075, "typical_volume": 19434281.15, "trend": 33.176508, "fair_value": 40.083796, "relative_strength": -11.494111, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.542098, "energy": 58.529402, "activity_lines": [ 30.587757, 31.82443, 32.428397, 32.636784 ] }, { "date": "2024-05-10", "close": 32.556984, "volume": 37733712, "typical_volume": 20559428.8, "trend": 33.030898, "fair_value": 39.936605, "relative_strength": -6.927775, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.560269, "energy": 51.684796, "activity_lines": [ 31.044954, 31.791434, 32.43921, 32.596815 ] }, { "date": "2024-05-17", "close": 34.836884, "volume": 50329233, "typical_volume": 22430873.9, "trend": 32.983173, "fair_value": 39.812876, "relative_strength": -0.59571, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -15.733169, "energy": 8.590335, "activity_lines": [ 32.406814, 32.203972, 32.664594, 32.71333 ] }, { "date": "2024-05-24", "close": 33.596619, "volume": 36341541, "typical_volume": 23125329.8, "trend": 32.943046, "fair_value": 39.675144, "relative_strength": -2.258898, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.957885, "energy": 11.964653, "activity_lines": [ 33.098688, 32.38852, 32.75705, 32.752908 ] }, { "date": "2024-05-31", "close": 32.684658, "volume": 20029164, "typical_volume": 23468628.35, "trend": 32.889545, "fair_value": 39.544942, "relative_strength": -5.003579, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 5.820581, "energy": 15.862485, "activity_lines": [ 33.192316, 32.439589, 32.754662, 32.736237 ] }, { "date": "2024-06-07", "close": 33.196106, "volume": 22418699, "typical_volume": 23800147.35, "trend": 32.878018, "fair_value": 39.419501, "relative_strength": -2.556844, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.795401, "energy": 15.964685, "activity_lines": [ 33.315985, 32.598407, 32.792862, 32.756016 ] }, { "date": "2024-06-14", "close": 32.978146, "volume": 11098653, "typical_volume": 23665478.5, "trend": 32.790221, "fair_value": 39.310611, "relative_strength": -2.6572, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.330357, "energy": 8.804441, "activity_lines": [ 33.18395, 32.725375, 32.80396, 32.762475 ] }, { "date": "2024-06-21", "close": 31.272381, "volume": 17484304, "typical_volume": 23748982.15, "trend": 32.705451, "fair_value": 39.17487, "relative_strength": -6.612485, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.604892, "energy": 19.975733, "activity_lines": [ 32.455249, 32.574009, 32.645518, 32.66455 ] }, { "date": "2024-06-28", "close": 30.599552, "volume": 18926220, "typical_volume": 23821651.7, "trend": 32.560255, "fair_value": 39.030837, "relative_strength": -7.590407, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.360574, "energy": 29.850673, "activity_lines": [ 31.739906, 32.295148, 32.427594, 32.528686 ] }, { "date": "2024-07-05", "close": 28.249384, "volume": 19756015, "typical_volume": 23150635.85, "trend": 32.385966, "fair_value": 38.856922, "relative_strength": -14.058052, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -72.904284, "energy": 61.17017, "activity_lines": [ 30.440978, 31.563223, 31.986089, 32.250565 ] }, { "date": "2024-07-12", "close": 26.192987, "volume": 29626160, "typical_volume": 23302711.5, "trend": 32.167753, "fair_value": 38.697129, "relative_strength": -20.643645, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.457212, "energy": 80.943281, "activity_lines": [ 28.752269, 30.499746, 31.378413, 31.851018 ] }, { "date": "2024-07-19", "close": 23.871252, "volume": 47255053, "typical_volume": 24571306.3, "trend": 31.896164, "fair_value": 38.51149, "relative_strength": -27.592363, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.453883, "energy": 91.406443, "activity_lines": [ 26.756523, 29.091543, 30.58735, 31.31576 ] }, { "date": "2024-07-26", "close": 21.975956, "volume": 36759075, "typical_volume": 25624089.75, "trend": 31.571125, "fair_value": 38.304955, "relative_strength": -30.859389, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -91.335704, "energy": 96.214396, "activity_lines": [ 24.736138, 27.496663, 29.665263, 30.675746 ] }, { "date": "2024-08-02", "close": 23.880728, "volume": 55244855, "typical_volume": 27345123.9, "trend": 31.303196, "fair_value": 38.145893, "relative_strength": -24.837378, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.294548, "energy": 88.846953, "activity_lines": [ 23.970439, 26.48194, 28.985175, 30.179592 ] }, { "date": "2024-08-09", "close": 25.160051, "volume": 48336841, "typical_volume": 28821542.85, "trend": 31.109221, "fair_value": 37.990196, "relative_strength": -19.177037, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.721403, "energy": 86.987185, "activity_lines": [ 24.079102, 25.876474, 28.481661, 29.78326 ] }, { "date": "2024-08-16", "close": 24.449316, "volume": 24045551, "typical_volume": 29216041.75, "trend": 30.862069, "fair_value": 37.843081, "relative_strength": -21.443136, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.998979, "energy": 80.903652, "activity_lines": [ 24.156809, 25.278594, 27.950155, 29.353589 ] }, { "date": "2024-08-23", "close": 23.653292, "volume": 20290111, "typical_volume": 29478678.65, "trend": 30.600845, "fair_value": 37.692147, "relative_strength": -22.842429, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.52206, "energy": 64.189938, "activity_lines": [ 24.085419, 24.695015, 27.386526, 28.888506 ] }, { "date": "2024-08-30", "close": 22.800409, "volume": 26865143, "typical_volume": 29647573.3, "trend": 30.286266, "fair_value": 37.560823, "relative_strength": -24.76836, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.983841, "energy": 63.195598, "activity_lines": [ 23.744266, 24.12591, 26.794404, 28.385252 ] }, { "date": "2024-09-06", "close": 22.373968, "volume": 29284336, "typical_volume": 29573541.1, "trend": 30.010365, "fair_value": 37.396467, "relative_strength": -23.586758, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.712086, "energy": 65.002452, "activity_lines": [ 23.206002, 23.633305, 26.200659, 27.874781 ] }, { "date": "2024-09-13", "close": 20.658724, "volume": 23994722, "typical_volume": 29617173.15, "trend": 29.549615, "fair_value": 37.220774, "relative_strength": -27.187651, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.697978, "energy": 69.334766, "activity_lines": [ 22.196441, 22.978394, 25.47598, 27.27145 ] }, { "date": "2024-09-20", "close": 21.416843, "volume": 18534682, "typical_volume": 29717703.5, "trend": 29.126296, "fair_value": 37.047074, "relative_strength": -24.792406, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.401381, "energy": 70.091287, "activity_lines": [ 21.739675, 22.599335, 24.870738, 26.746755 ] }, { "date": "2024-09-27", "close": 28.078808, "volume": 63210324, "typical_volume": 30991534.1, "trend": 28.920178, "fair_value": 36.911884, "relative_strength": -12.083755, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.621849, "energy": 36.082168, "activity_lines": [ 23.705729, 23.518381, 24.942985, 26.679175 ] }, { "date": "2024-10-04", "close": 29.44342, "volume": 36489058, "typical_volume": 30299525.35, "trend": 28.744955, "fair_value": 36.799778, "relative_strength": -14.187698, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.911121, "energy": 15.994659, "activity_lines": [ 25.831618, 24.609038, 25.16652, 26.712932 ] }, { "date": "2024-10-11", "close": 27.936661, "volume": 82925373, "typical_volume": 32628716.95, "trend": 28.497013, "fair_value": 36.689525, "relative_strength": -15.067542, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -1.009637, "energy": 21.684764, "activity_lines": [ 27.012388, 25.289966, 25.272237, 26.660784 ] }, { "date": "2024-10-18", "close": 26.970058, "volume": 76642344, "typical_volume": 35459375.95, "trend": 28.279471, "fair_value": 36.591392, "relative_strength": -18.575532, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -3.106052, "energy": 27.40036, "activity_lines": [ 27.50011, 25.721404, 25.312849, 26.562271 ] }, { "date": "2024-10-25", "close": 30.988089, "volume": 76044314, "typical_volume": 38140656.7, "trend": 28.191608, "fair_value": 36.533309, "relative_strength": -7.126031, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 37.550134, "energy": 41.666424, "activity_lines": [ 28.906421, 26.850484, 25.763343, 26.737021 ] }, { "date": "2024-11-01", "close": 31.41453, "volume": 40568878, "typical_volume": 39614167.95, "trend": 28.081178, "fair_value": 36.477917, "relative_strength": -4.73212, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 38.44415, "energy": 54.51689, "activity_lines": [ 29.816795, 27.938212, 26.264965, 26.944951 ] }, { "date": "2024-11-08", "close": 31.746206, "volume": 43308873, "typical_volume": 40905396.4, "trend": 28.106438, "fair_value": 36.421655, "relative_strength": -8.426809, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.824565, "energy": 59.022015, "activity_lines": [ 30.615346, 28.945131, 26.80562, 27.181405 ] }, { "date": "2024-11-15", "close": 27.642891, "volume": 49919677, "typical_volume": 42455069.25, "trend": 28.05511, "fair_value": 36.345081, "relative_strength": -16.807871, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.190589, "energy": 35.481983, "activity_lines": [ 29.892607, 29.043342, 26.953228, 27.151498 ] }, { "date": "2024-11-22", "close": 26.591, "volume": 35973863, "typical_volume": 43265961.65, "trend": 27.922209, "fair_value": 36.237371, "relative_strength": -17.953582, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 2.864428, "energy": 13.735264, "activity_lines": [ 28.838822, 28.854501, 27.014735, 27.05704 ] }, { "date": "2024-11-29", "close": 26.666813, "volume": 43007511, "typical_volume": 43935029.2, "trend": 27.796091, "fair_value": 36.141959, "relative_strength": -18.636934, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 4.537025, "energy": 6.994186, "activity_lines": [ 27.835579, 28.571585, 27.091359, 26.976046 ] }, { "date": "2024-12-06", "close": 26.951107, "volume": 29119862, "typical_volume": 43028269.65, "trend": 27.609228, "fair_value": 36.037071, "relative_strength": -19.151328, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.588481, "energy": 12.551118, "activity_lines": [ 27.215185, 28.244905, 27.192802, 26.921531 ] }, { "date": "2024-12-13", "close": 27.917707, "volume": 51293708, "typical_volume": 43755001.3, "trend": 27.378589, "fair_value": 35.926996, "relative_strength": -15.486769, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.189986, "energy": 11.161119, "activity_lines": [ 27.214553, 28.114474, 27.371637, 26.941433 ] }, { "date": "2024-12-20", "close": 26.894247, "volume": 31700394, "typical_volume": 42577778.25, "trend": 27.155176, "fair_value": 35.805183, "relative_strength": -17.537892, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.080449, "energy": 9.581939, "activity_lines": [ 27.128001, 27.8257, 27.424705, 26.910185 ] }, { "date": "2024-12-27", "close": 26.316183, "volume": 22073300, "typical_volume": 41264601.2, "trend": 26.942894, "fair_value": 35.684371, "relative_strength": -19.56907, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.655844, "energy": 10.489193, "activity_lines": [ 26.89867, 27.450776, 27.40837, 26.856057 ] }, { "date": "2025-01-03", "close": 27.150112, "volume": 30548643, "typical_volume": 41589755.8, "trend": 26.741361, "fair_value": 35.569333, "relative_strength": -11.742948, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.311628, "energy": 8.786679, "activity_lines": [ 26.965637, 27.239364, 27.46595, 26.869426 ] }, { "date": "2025-01-10", "close": 25.832882, "volume": 32842057, "typical_volume": 42217353.1, "trend": 26.503185, "fair_value": 35.418847, "relative_strength": -14.471679, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 2.270216, "energy": 9.099409, "activity_lines": [ 26.561307, 26.858237, 27.38522, 26.810814 ] }, { "date": "2025-01-17", "close": 25.709688, "volume": 29871053, "typical_volume": 42367648.6, "trend": 26.317762, "fair_value": 35.28897, "relative_strength": -16.276184, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.031638, "energy": 24.486191, "activity_lines": [ 26.190461, 26.556196, 27.282377, 26.759621 ] }, { "date": "2025-01-24", "close": 26.979536, "volume": 27953532, "typical_volume": 42301108.4, "trend": 26.197095, "fair_value": 35.145022, "relative_strength": -11.927911, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.99256, "energy": 18.555497, "activity_lines": [ 26.390099, 26.594791, 27.286619, 26.802316 ] }, { "date": "2025-01-31", "close": 27.747131, "volume": 5489159, "typical_volume": 41375830.25, "trend": 26.180353, "fair_value": 34.992685, "relative_strength": -8.892961, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.164931, "energy": 15.950356, "activity_lines": [ 26.839916, 26.78501, 27.342034, 26.902318 ] }, { "date": "2025-02-07", "close": 26.837389, "volume": 17656842, "typical_volume": 41331938.25, "trend": 26.201833, "fair_value": 34.837555, "relative_strength": -12.739698, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.736958, "energy": 11.581532, "activity_lines": [ 26.891089, 26.7888, 27.277053, 26.944708 ] }, { "date": "2025-02-14", "close": 27.586031, "volume": 22640150, "typical_volume": 39303429.55, "trend": 26.325659, "fair_value": 34.699164, "relative_strength": -10.761048, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.83085, "energy": 20.173214, "activity_lines": [ 27.212658, 26.925606, 27.257558, 27.034011 ] }, { "date": "2025-02-21", "close": 26.16456, "volume": 31802136, "typical_volume": 39069083.45, "trend": 26.465279, "fair_value": 34.541432, "relative_strength": -15.535744, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.797027, "energy": 11.179195, "activity_lines": [ 26.943526, 26.792419, 27.105032, 27.023617 ] }, { "date": "2025-02-28", "close": 26.922678, "volume": 25326116, "typical_volume": 36189120.6, "trend": 26.566678, "fair_value": 34.40264, "relative_strength": -10.964929, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.47579, "energy": 7.36945, "activity_lines": [ 26.896775, 26.828947, 27.040321, 27.053127 ] }, { "date": "2025-03-07", "close": 26.117176, "volume": 27390424, "typical_volume": 33726524.6, "trend": 26.598582, "fair_value": 34.257658, "relative_strength": -14.291179, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.06092, "energy": 11.349304, "activity_lines": [ 26.585315, 26.718502, 26.903724, 27.024127 ] }, { "date": "2025-03-14", "close": 27.074301, "volume": 38821892, "typical_volume": 31865403.5, "trend": 26.686081, "fair_value": 34.131007, "relative_strength": -11.683192, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.043086, "energy": 8.395895, "activity_lines": [ 26.70156, 26.785699, 26.862344, 27.054818 ] }, { "date": "2025-03-21", "close": 26.524666, "volume": 26094506, "typical_volume": 31141684.9, "trend": 26.781794, "fair_value": 33.99788, "relative_strength": -11.478845, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.310157, "energy": 13.561164, "activity_lines": [ 26.618799, 26.754341, 26.787254, 27.044404 ] }, { "date": "2025-03-28", "close": 24.885235, "volume": 35940487, "typical_volume": 30773265.6, "trend": 26.851288, "fair_value": 33.864044, "relative_strength": -15.956035, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -36.09333, "energy": 37.402734, "activity_lines": [ 26.060318, 26.412326, 26.579313, 26.922046 ] }, { "date": "2025-04-04", "close": 23.406904, "volume": 27478323, "typical_volume": 29651197.9, "trend": 26.885719, "fair_value": 33.737379, "relative_strength": -19.977992, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.031646, "energy": 64.301204, "activity_lines": [ 25.094349, 25.816514, 26.26325, 26.699827 ] }, { "date": "2025-04-11", "close": 22.648785, "volume": 46622379, "typical_volume": 30183623.7, "trend": 26.952055, "fair_value": 33.611674, "relative_strength": -19.510193, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.45186, "energy": 78.227009, "activity_lines": [ 24.110059, 25.147819, 25.895156, 26.426477 ] }, { "date": "2025-04-18", "close": 22.061245, "volume": 34087413, "typical_volume": 29737618.8, "trend": 26.973535, "fair_value": 33.49534, "relative_strength": -22.038469, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.798378, "energy": 84.689839, "activity_lines": [ 23.161148, 24.464996, 25.489879, 26.110941 ] }, { "date": "2025-04-25", "close": 22.307632, "volume": 30602767, "typical_volume": 29811764.05, "trend": 26.781162, "fair_value": 33.372284, "relative_strength": -21.056041, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.63963, "energy": 84.872664, "activity_lines": [ 22.628569, 23.913809, 25.129999, 25.809915 ] }, { "date": "2025-05-02", "close": 23.63434, "volume": 41032487, "typical_volume": 29298703.0, "trend": 26.587526, "fair_value": 33.258502, "relative_strength": -15.459276, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.876523, "energy": 74.122352, "activity_lines": [ 22.819362, 23.699813, 24.918583, 25.606894 ] }, { "date": "2025-05-09", "close": 23.681721, "volume": 38061865, "typical_volume": 29616776.55, "trend": 26.445695, "fair_value": 33.141986, "relative_strength": -16.275004, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.542184, "energy": 50.316631, "activity_lines": [ 23.109342, 23.540436, 24.732077, 25.419423 ] }, { "date": "2025-05-16", "close": 24.117641, "volume": 35322876, "typical_volume": 30279255.35, "trend": 26.350614, "fair_value": 33.041702, "relative_strength": -14.625274, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.80116, "energy": 35.28505, "activity_lines": [ 23.526308, 23.519243, 24.602384, 25.269226 ] }, { "date": "2025-05-23", "close": 24.354553, "volume": 17161287, "typical_volume": 29609887.55, "trend": 26.129496, "fair_value": 32.948757, "relative_strength": -12.572966, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.410331, "energy": 24.620371, "activity_lines": [ 23.92432, 23.577481, 24.505724, 25.140447 ] }, { "date": "2025-05-30", "close": 23.691198, "volume": 23822403, "typical_volume": 29158904.85, "trend": 25.872052, "fair_value": 32.849376, "relative_strength": -14.235695, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.98203, "energy": 22.56517, "activity_lines": [ 23.948327, 23.564558, 24.3592, 24.983138 ] }, { "date": "2025-06-06", "close": 23.804916, "volume": 24428554, "typical_volume": 28886779.9, "trend": 25.607342, "fair_value": 32.734506, "relative_strength": -14.017061, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.608233, "energy": 20.609912, "activity_lines": [ 23.918002, 23.623829, 24.233704, 24.849774 ] }, { "date": "2025-06-13", "close": 23.359522, "volume": 23373441, "typical_volume": 28657775.35, "trend": 25.464563, "fair_value": 32.603214, "relative_strength": -14.622429, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.702072, "energy": 25.75794, "activity_lines": [ 23.727841, 23.621762, 24.074861, 24.704754 ] }, { "date": "2025-06-20", "close": 23.463762, "volume": 23375413, "typical_volume": 29552088.05, "trend": 25.360322, "fair_value": 32.490223, "relative_strength": -13.093875, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.88664, "energy": 31.670184, "activity_lines": [ 23.593906, 23.639509, 23.943183, 24.57567 ] }, { "date": "2025-06-27", "close": 24.146069, "volume": 23504936, "typical_volume": 29844492.75, "trend": 25.276297, "fair_value": 32.373217, "relative_strength": -11.556839, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.652266, "energy": 26.335845, "activity_lines": [ 23.730999, 23.766493, 23.896883, 24.497331 ] }, { "date": "2025-07-04", "close": 24.27, "volume": 37927368, "typical_volume": 30608853.65, "trend": 25.186927, "fair_value": 32.271256, "relative_strength": -11.783741, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.393851, "energy": 15.430625, "activity_lines": [ 23.923301, 23.878105, 23.875202, 24.432408 ] }, { "date": "2025-07-11", "close": 25.23, "volume": 25114362, "typical_volume": 30274464.95, "trend": 25.097337, "fair_value": 32.154779, "relative_strength": -8.923603, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.098073, "energy": 8.736279, "activity_lines": [ 24.397017, 24.128583, 23.960741, 24.435187 ] }, { "date": "2025-07-18", "close": 24.790001, "volume": 18007481, "typical_volume": 29908533.2, "trend": 25.027195, "fair_value": 32.005569, "relative_strength": -10.912292, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.056063, "energy": 16.054391, "activity_lines": [ 24.62906, 24.270049, 24.008825, 24.415359 ] }, { "date": "2025-07-25", "close": 26.290001, "volume": 36707416, "typical_volume": 30374382.8, "trend": 25.026322, "fair_value": 31.859958, "relative_strength": -7.012416, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 33.406055, "energy": 42.2721, "activity_lines": [ 25.265739, 24.664091, 24.209922, 24.496831 ] }, { "date": "2025-08-01", "close": 25.49, "volume": 23907803, "typical_volume": 29628678.35, "trend": 24.970985, "fair_value": 31.723867, "relative_strength": -8.752171, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 23.112922, "energy": 48.384939, "activity_lines": [ 25.447334, 24.873182, 24.334005, 24.526745 ] }, { "date": "2025-08-08", "close": 26.049999, "volume": 16694255, "typical_volume": 29158665.8, "trend": 24.978223, "fair_value": 31.616726, "relative_strength": -8.311032, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.980844, "energy": 52.933689, "activity_lines": [ 25.726, 25.163446, 24.518966, 24.596359 ] }, { "date": "2025-08-15", "close": 27.309999, "volume": 28297797, "typical_volume": 28776531.3, "trend": 25.031566, "fair_value": 31.530087, "relative_strength": -5.221682, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 54.909302, "energy": 67.595285, "activity_lines": [ 26.306, 25.639914, 24.826188, 24.746796 ] }, { "date": "2025-08-22", "close": 28.700001, "volume": 35976826, "typical_volume": 29201456.45, "trend": 25.088915, "fair_value": 31.451046, "relative_strength": -3.569145, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 60.629158, "energy": 74.661212, "activity_lines": [ 27.210667, 26.30538, 25.254243, 24.983469 ] }, { "date": "2025-08-29", "close": 29.200001, "volume": 37314017, "typical_volume": 28736038.35, "trend": 25.137344, "fair_value": 31.390314, "relative_strength": -2.598101, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 85.170455, "energy": 88.273875, "activity_lines": [ 28.021334, 26.964656, 25.704713, 25.248701 ] }, { "date": "2025-09-05", "close": 29.49, "volume": 28303657, "typical_volume": 28446850.55, "trend": 25.225765, "fair_value": 31.322265, "relative_strength": -0.371634, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.662218, "energy": 90.797481, "activity_lines": [ 28.734667, 27.572364, 26.151606, 25.529517 ] }, { "date": "2025-09-12", "close": 30.129999, "volume": 35537929, "typical_volume": 28693608.65, "trend": 25.310564, "fair_value": 31.26624, "relative_strength": 0.22713, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.636586, "energy": 90.655341, "activity_lines": [ 29.394667, 28.199273, 26.624075, 25.845919 ] }, { "date": "2025-09-19", "close": 31.530001, "volume": 30038481, "typical_volume": 28143908.35, "trend": 25.489412, "fair_value": 31.206709, "relative_strength": 6.158417, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.289044, "energy": 91.575026, "activity_lines": [ 30.249334, 28.974182, 27.192629, 26.247173 ] }, { "date": "2025-09-26", "close": 30.33, "volume": 27704091, "typical_volume": 27626019.65, "trend": 25.602989, "fair_value": 31.131393, "relative_strength": 2.20036, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.89765, "energy": 76.868317, "activity_lines": [ 30.422667, 29.416364, 27.609299, 26.559469 ] }, { "date": "2025-10-03", "close": 30.17, "volume": 11680856, "typical_volume": 26443918.65, "trend": 25.738083, "fair_value": 31.057615, "relative_strength": 0.492644, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.972968, "energy": 62.243919, "activity_lines": [ 30.434, 29.728727, 27.979072, 26.854115 ] }, { "date": "2025-10-10", "close": 30.09, "volume": 10081149, "typical_volume": 26089911.75, "trend": 25.838606, "fair_value": 31.001505, "relative_strength": 0.098861, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.392777, "energy": 57.208784, "activity_lines": [ 30.354, 29.956, 28.312405, 27.134884 ] }, { "date": "2025-10-17", "close": 30.219999, "volume": 21847911, "typical_volume": 25991187.15, "trend": 25.961784, "fair_value": 30.976206, "relative_strength": 2.132367, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.145566, "energy": 48.148603, "activity_lines": [ 30.277333, 30.123273, 28.630807, 27.417555 ] }, { "date": "2025-10-24", "close": 30.16, "volume": 20521918, "typical_volume": 25795855.35, "trend": 26.13761, "fair_value": 30.941916, "relative_strength": -0.486931, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.45853, "energy": 40.924903, "activity_lines": [ 30.174666, 30.203818, 28.912406, 27.688407 ] }, { "date": "2025-10-31", "close": 30.809999, "volume": 25128834, "typical_volume": 25883625.0, "trend": 26.384379, "fair_value": 30.927351, "relative_strength": 2.00553, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.791124, "energy": 44.897564, "activity_lines": [ 30.379999, 30.350727, 29.225647, 27.989852 ] }, { "date": "2025-11-07", "close": 30.43, "volume": 17805461, "typical_volume": 25605127.4, "trend": 26.643753, "fair_value": 30.929671, "relative_strength": 0.068637, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.501473, "energy": 41.562347, "activity_lines": [ 30.426666, 30.390182, 29.467219, 28.25086 ] }, { "date": "2025-11-14", "close": 30.780001, "volume": 26795291, "typical_volume": 25769645.15, "trend": 26.934378, "fair_value": 30.948482, "relative_strength": 1.549235, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.364966, "energy": 42.715871, "activity_lines": [ 30.572667, 30.470909, 29.708952, 28.517714 ] }, { "date": "2025-11-21", "close": 30.280001, "volume": 29629629, "typical_volume": 25354758.2, "trend": 27.200124, "fair_value": 30.955369, "relative_strength": 4.017029, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.302519, "energy": 39.621697, "activity_lines": [ 30.506, 30.437273, 29.871476, 28.733561 ] }, { "date": "2025-11-28", "close": 31.629999, "volume": 28495408, "typical_volume": 25523810.5, "trend": 27.466646, "fair_value": 30.95934, "relative_strength": 7.122018, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.664826, "energy": 45.299843, "activity_lines": [ 30.885333, 30.646364, 30.133952, 29.019359 ] }, { "date": "2025-12-05", "close": 30.98, "volume": 31632490, "typical_volume": 26205060.95, "trend": 27.709922, "fair_value": 30.95846, "relative_strength": 4.533135, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.882746, "energy": 40.328139, "activity_lines": [ 30.95, 30.735455, 30.304048, 29.246027 ] }, { "date": "2025-12-12", "close": 29.530001, "volume": 29218486, "typical_volume": 25830614.45, "trend": 27.890334, "fair_value": 30.949425, "relative_strength": 0.147279, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.360576, "energy": 27.57166, "activity_lines": [ 30.52, 30.549091, 30.306571, 29.363452 ] }, { "date": "2025-12-19", "close": 31.26, "volume": 27729786, "typical_volume": 26021713.6, "trend": 28.120516, "fair_value": 30.935637, "relative_strength": 5.970882, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.837195, "energy": 35.402631, "activity_lines": [ 30.726667, 30.688909, 30.458429, 29.58085 ] }, { "date": "2025-12-26", "close": 30.9, "volume": 21219069, "typical_volume": 26247954.3, "trend": 28.360809, "fair_value": 30.872694, "relative_strength": 2.800554, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.365986, "energy": 29.638985, "activity_lines": [ 30.781333, 30.742, 30.548524, 29.760171 ] }, { "date": "2026-01-02", "close": 30.74, "volume": 13046334, "typical_volume": 25485381.15, "trend": 28.591978, "fair_value": 30.828102, "relative_strength": 2.319196, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.594625, "energy": 22.427656, "activity_lines": [ 30.741333, 30.753637, 30.600286, 29.913667 ] }, { "date": "2026-01-09", "close": 31.5, "volume": 28392614, "typical_volume": 25106170.55, "trend": 28.863328, "fair_value": 30.786502, "relative_strength": 1.122151, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.21537, "energy": 35.145145, "activity_lines": [ 31.014, 30.892909, 30.708095, 30.101282 ] }, { "date": "2026-01-16", "close": 31.1, "volume": 28844988, "typical_volume": 24682719.1, "trend": 29.117869, "fair_value": 30.742451, "relative_strength": 0.37771, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.765848, "energy": 30.466421, "activity_lines": [ 31.118667, 30.946909, 30.764476, 30.245583 ] }, { "date": "2026-01-23", "close": 34.400002, "volume": 40457621, "typical_volume": 25290417.3, "trend": 29.459667, "fair_value": 30.708156, "relative_strength": 10.103094, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.479239, "energy": 61.810411, "activity_lines": [ 32.218667, 31.588728, 31.126095, 30.586366 ] }, { "date": "2026-01-30", "close": 35.400002, "volume": 35924857, "typical_volume": 25309763.7, "trend": 29.830667, "fair_value": 30.67463, "relative_strength": 13.787436, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.654083, "energy": 80.165147, "activity_lines": [ 33.442668, 32.346546, 31.559572, 30.969613 ] }, { "date": "2026-02-06", "close": 35.57, "volume": 46711702, "typical_volume": 26143424.75, "trend": 30.175334, "fair_value": 30.653021, "relative_strength": 15.622397, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.960241, "energy": 79.678035, "activity_lines": [ 34.423334, 33.042182, 31.984143, 31.339893 ] }, { "date": "2026-02-13", "close": 35.040001, "volume": 26096644, "typical_volume": 26063052.4, "trend": 30.517, "fair_value": 30.635765, "relative_strength": 13.341218, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.799543, "energy": 77.621297, "activity_lines": [ 34.905334, 33.569819, 32.339, 31.653742 ] }, { "date": "2026-02-27", "close": 35.759998, "volume": 23325196, "typical_volume": 26645269.4, "trend": 30.832667, "fair_value": 30.619364, "relative_strength": 13.181331, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.1671, "energy": 75.89327, "activity_lines": [ 35.391333, 34.154546, 32.74, 31.992 ] }, { "date": "2026-03-06", "close": 33.709999, "volume": 26606882, "typical_volume": 27471556.05, "trend": 31.106667, "fair_value": 30.593811, "relative_strength": 7.675676, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.876355, "energy": 48.337974, "activity_lines": [ 34.883333, 34.253273, 32.919143, 32.177635 ] }, { "date": "2026-03-13", "close": 33.970001, "volume": 22568380, "typical_volume": 27507579.5, "trend": 31.370667, "fair_value": 30.54274, "relative_strength": 9.115591, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.790152, "energy": 38.733932, "activity_lines": [ 34.508, 34.354727, 33.10581, 32.362366 ] }, { "date": "2026-03-20", "close": 34.849998, "volume": 27969718, "typical_volume": 27879969.5, "trend": 31.622, "fair_value": 30.492693, "relative_strength": 15.597191, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.082483, "energy": 32.756788, "activity_lines": [ 34.521333, 34.560363, 33.358429, 32.586839 ] }, { "date": "2026-03-27", "close": 33.619999, "volume": 19097539, "typical_volume": 27578404.75, "trend": 31.786, "fair_value": 30.455735, "relative_strength": 12.550942, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.149115, "energy": 22.471912, "activity_lines": [ 34.172666, 34.467636, 33.471571, 32.715742 ] }, { "date": "2026-04-03", "close": 33.619999, "volume": 21233786, "typical_volume": 27749821.0, "trend": 31.933333, "fair_value": 30.436045, "relative_strength": 13.17301, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.716602, "energy": 19.663725, "activity_lines": [ 33.918666, 34.336363, 33.571333, 32.834064 ] }, { "date": "2026-04-10", "close": 32.880001, "volume": 21292431, "typical_volume": 27474678.0, "trend": 32.046333, "fair_value": 30.40859, "relative_strength": 7.399492, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.386533, "energy": 15.457759, "activity_lines": [ 33.560666, 34.024727, 33.585428, 32.89514 ] }, { "date": "2026-04-17", "close": 31.35, "volume": 40326857, "typical_volume": 28009539.4, "trend": 32.087, "fair_value": 30.378282, "relative_strength": 0.566615, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.646922, "energy": 12.96156, "activity_lines": [ 32.748, 33.462545, 33.443809, 32.850215 ] }, { "date": "2026-04-24", "close": 29.110001, "volume": 34599318, "typical_volume": 28314734.9, "trend": 32.006333, "fair_value": 30.31663, "relative_strength": -7.363875, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -32.183254, "energy": 29.855047, "activity_lines": [ 31.363334, 32.566727, 33.083762, 32.658151 ] }, { "date": "2026-05-01", "close": 29.040001, "volume": 32269215, "typical_volume": 28346571.15, "trend": 31.963333, "fair_value": 30.268436, "relative_strength": -8.378393, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -34.292899, "energy": 49.046503, "activity_lines": [ 30.338001, 31.775636, 32.729048, 32.466774 ] }, { "date": "2026-05-08", "close": 30.84, "volume": 32227266, "typical_volume": 28497010.15, "trend": 31.985667, "fair_value": 30.246142, "relative_strength": -4.318141, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.186143, "energy": 48.290516, "activity_lines": [ 30.218001, 31.420909, 32.555, 32.394301 ] }, { "date": "2026-05-15", "close": 31.790001, "volume": 37179296, "typical_volume": 28969485.65, "trend": 32.042333, "fair_value": 30.238658, "relative_strength": -0.457138, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.435057, "energy": 44.34626, "activity_lines": [ 30.600001, 31.328364, 32.465191, 32.381678 ] }, { "date": "2026-05-22", "close": 28.790001, "volume": 31314769, "typical_volume": 29474270.65, "trend": 31.994667, "fair_value": 30.212171, "relative_strength": -9.321385, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.428081, "energy": 41.778858, "activity_lines": [ 30.054667, 30.725273, 32.087143, 32.17185 ] }, { "date": "2026-05-29", "close": 29.08, "volume": 30609460, "typical_volume": 30352426.95, "trend": 31.958667, "fair_value": 30.188568, "relative_strength": -7.380941, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.944049, "energy": 30.206364, "activity_lines": [ 29.776667, 30.269091, 31.746762, 31.983807 ] }, { "date": "2026-06-05", "close": 26.026237, "volume": 6554185, "typical_volume": 29260505.5, "trend": 31.799208, "fair_value": 30.1524, "relative_strength": -16.138093, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -80.060302, "energy": 66.271259, "activity_lines": [ 28.482746, 29.362589, 31.123451, 31.601069 ] }, { "date": "2026-06-12", "close": 25.518316, "volume": 7777026, "typical_volume": 28207107.4, "trend": 31.635485, "fair_value": 30.111951, "relative_strength": -17.707567, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.57425, "energy": 82.199296, "activity_lines": [ 27.220435, 28.501806, 30.477833, 31.19585 ] }, { "date": "2026-06-19", "close": 22.461386, "volume": 46866626, "typical_volume": 28527557.65, "trend": 31.358198, "fair_value": 30.037657, "relative_strength": -28.354422, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.326249, "energy": 91.551934, "activity_lines": [ 25.293927, 27.23252, 29.567657, 30.603973 ] }, { "date": "2026-06-26", "close": 21.153961, "volume": 10482333, "typical_volume": 27255431.45, "trend": 31.053997, "fair_value": 29.954926, "relative_strength": -31.166654, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.871205, "energy": 95.042597, "activity_lines": [ 23.553518, 25.914951, 28.589816, 29.945635 ] }, { "date": "2026-07-03", "close": 21.85, "volume": 12540470, "typical_volume": 25546869.85, "trend": 30.727997, "fair_value": 29.867424, "relative_strength": -28.894463, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.513906, "energy": 90.92048, "activity_lines": [ 22.554191, 24.909316, 27.746102, 29.351829 ] }, { "date": "2026-07-10", "close": 22.34, "volume": 43343150, "typical_volume": 26409195.15, "trend": 30.439997, "fair_value": 29.797083, "relative_strength": -26.17468, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.010932, "energy": 87.460974, "activity_lines": [ 22.200198, 24.124772, 27.014388, 28.810668 ] }, { "date": "2026-07-17", "close": 22.969999, "volume": 40930218, "typical_volume": 27289446.25, "trend": 30.22133, "fair_value": 29.726905, "relative_strength": -19.191419, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.190576, "energy": 82.643771, "activity_lines": [ 22.301954, 23.576592, 26.40315, 28.328732 ] }, { "date": "2026-07-24", "close": 23.83, "volume": 45597238, "typical_volume": 28238964.05, "trend": 29.973663, "fair_value": 29.658023, "relative_strength": -17.104134, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.140821, "energy": 61.640605, "activity_lines": [ 22.860264, 23.327867, 25.934722, 27.916389 ] }, { "date": "2026-07-31", "close": 25.200001, "volume": 47403719, "typical_volume": 29480731.0, "trend": 29.783663, "fair_value": 29.597238, "relative_strength": -12.586574, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.706812, "energy": 45.473734, "activity_lines": [ 23.784, 23.47296, 25.643818, 27.60841 ] }, { "date": "2026-08-07", "close": 24.51, "volume": 47197769, "typical_volume": 30442133.55, "trend": 29.575997, "fair_value": 29.525249, "relative_strength": -17.106584, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.511433, "energy": 35.628742, "activity_lines": [ 24.208, 23.55787, 25.328961, 27.268174 ] } ], "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." } } }