{ "ticker": { "uuid": "73685b9e-fefe-4f66-8dfd-919c04fc18da", "symbol": "601990", "name": "Nanjing Securities 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": -36.294, "architecture_energy": 20.732, "architecture_maturity": 100.0, "architecture_confidence": 73.848, "architecture_tenure": "Extended", "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": 42.25, "rotation_up": 27.31, "upward_expansion": 19.65, "deceleration": 46.94, "rotation_down": 24.29, "downward_expansion": 55.98 }, "activity_lines": [ 6.745293, 6.683842, 6.774632, 6.948116 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 6.74, "trend_reference": 7.222371, "distance_from_trend": -0.066788, "trend_direction": "Weakening", "fair_value": 7.883927, "distance_from_fair_value": -0.145096, "fair_value_direction": "Weakening", "relative_strength": -12.178377, "relative_strength_direction": "Improving", "price_momentum": -0.152201, "excess_performance": -0.108997, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.066788, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.065912, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.145096, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.056183, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.121784, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.049456, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.152201, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.463183, "read": "Supply-led" } ], "volume": { "latest": 87765032, "relative_activity": 1.125202, "balance": 0.463183, "dry_up": 1.434554, "accumulation_observations": 2, "distribution_observations": 7 }, "risk": { "range_context": 0.045985, "annualized_volatility": 0.139421, "from_high_reference": -0.250847, "from_low_reference": 0.063091 }, "levels": { "trend_reference": 7.222371, "fair_value_reference": 7.883927, "structural_low": 6.34, "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": 28, "median_return": -0.007853, "positive_rate": 0.464286, "directional_follow_through": 0.535714, "median_excess_return": -0.002201, "regime_survival": 0.821429, "best_return": 0.311653, "worst_return": -0.156493, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.01398, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.027359, "regime_survival": 0.6, "best_return": 0.214301, "worst_return": -0.14594, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.037371, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.062814, "regime_survival": 0.5, "best_return": 0.13406, "worst_return": -0.164797, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.073453, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.040654, "regime_survival": 0.333333, "best_return": 0.144796, "worst_return": -0.167909, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-07", "end": "2024-07-05", "tenure": "Developing", "return": -0.039744, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-07-12", "end": "2024-09-20", "tenure": "Developing", "return": 0.00787, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-09-27", "end": "2024-10-04", "tenure": "New", "return": 0.1, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-11", "end": "2024-11-22", "tenure": "Developing", "return": -0.042222, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-29", "end": "2024-12-13", "tenure": "New", "return": 0.028686, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-20", "end": "2025-01-10", "tenure": "New", "return": -0.131665, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-17", "end": "2025-02-21", "tenure": "Developing", "return": 0.045894, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-28", "end": "2025-04-04", "tenure": "Developing", "return": -0.001203, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-07-18", "tenure": "Established", "return": 0.065637, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-25", "end": "2025-08-29", "tenure": "Developing", "return": 0.042877, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-05", "end": "2025-09-26", "tenure": "New", "return": -0.042429, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-03", "end": "2025-12-05", "tenure": "Developing", "return": -0.053864, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-12-12", "end": "2026-01-09", "tenure": "Developing", "return": 0.020126, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-16", "end": "2026-08-07", "tenure": "Extended", "return": -0.1575, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 8.479445, "volume": 172018468, "typical_volume": 101063299.4, "trend": 8.142698, "fair_value": 9.323723, "relative_strength": 3.063756, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -3.705415, "energy": 10.922963, "activity_lines": [ 8.093931, 8.001721, 8.040985, 8.114089 ] }, { "date": "2023-08-04", "close": 8.867078, "volume": 459461576, "typical_volume": 117059485.55, "trend": 8.185201, "fair_value": 9.284381, "relative_strength": 7.053974, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 41.841569, "energy": 39.787882, "activity_lines": [ 8.3813, 8.164157, 8.111786, 8.160823 ] }, { "date": "2023-08-11", "close": 8.673261, "volume": 385877355, "typical_volume": 129394374.7, "trend": 8.219329, "fair_value": 9.249299, "relative_strength": 7.628765, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 35.123686, "energy": 58.667584, "activity_lines": [ 8.535014, 8.275481, 8.161385, 8.192311 ] }, { "date": "2023-08-18", "close": 8.498828, "volume": 223543140, "typical_volume": 132704470.75, "trend": 8.244132, "fair_value": 9.210049, "relative_strength": 7.193589, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.792497, "energy": 56.87334, "activity_lines": [ 8.577646, 8.344482, 8.19328, 8.210343 ] }, { "date": "2023-08-25", "close": 8.130578, "volume": 164212213, "typical_volume": 131463620.65, "trend": 8.240384, "fair_value": 9.167899, "relative_strength": 4.773689, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 15.924353, "energy": 44.411785, "activity_lines": [ 8.458772, 8.335436, 8.189615, 8.203017 ] }, { "date": "2023-09-01", "close": 8.04336, "volume": 295446941, "typical_volume": 138102616.6, "trend": 8.236602, "fair_value": 9.126447, "relative_strength": 1.332721, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -9.36508, "energy": 9.255208, "activity_lines": [ 8.296613, 8.307703, 8.180458, 8.190306 ] }, { "date": "2023-09-08", "close": 7.985215, "volume": 105758524, "typical_volume": 135577333.1, "trend": 8.228009, "fair_value": 9.084024, "relative_strength": 1.092758, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.359814, "energy": 18.599337, "activity_lines": [ 8.144144, 8.264325, 8.167489, 8.174087 ] }, { "date": "2023-09-15", "close": 7.994905, "volume": 82633966, "typical_volume": 134891808.2, "trend": 8.215909, "fair_value": 9.047704, "relative_strength": 1.144277, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.928656, "energy": 25.276563, "activity_lines": [ 8.053697, 8.219911, 8.155303, 8.159048 ] }, { "date": "2023-09-22", "close": 7.965835, "volume": 72244793, "typical_volume": 135468818.0, "trend": 8.18848, "fair_value": 9.012275, "relative_strength": 0.425733, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.82471, "energy": 32.759277, "activity_lines": [ 7.998783, 8.168107, 8.141393, 8.142915 ] }, { "date": "2023-09-29", "close": 7.859234, "volume": 62136882, "typical_volume": 128726917.5, "trend": 8.160689, "fair_value": 8.981007, "relative_strength": -0.195837, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.202762, "energy": 44.077045, "activity_lines": [ 7.943868, 8.096043, 8.118423, 8.121673 ] }, { "date": "2023-10-13", "close": 7.762327, "volume": 67049767, "typical_volume": 127151485.35, "trend": 8.141794, "fair_value": 8.94505, "relative_strength": -0.681513, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.973495, "energy": 51.003526, "activity_lines": [ 7.87474, 8.007416, 8.087184, 8.095972 ] }, { "date": "2023-10-20", "close": 7.791399, "volume": 63777297, "typical_volume": 127497214.65, "trend": 8.125145, "fair_value": 8.909998, "relative_strength": 3.046848, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.502728, "energy": 47.602404, "activity_lines": [ 7.834039, 7.937114, 8.060092, 8.073366 ] }, { "date": "2023-10-27", "close": 7.781708, "volume": 78133786, "typical_volume": 127741443.95, "trend": 8.103067, "fair_value": 8.875422, "relative_strength": 1.675752, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.445807, "energy": 47.114938, "activity_lines": [ 7.803028, 7.884607, 8.033042, 8.051209 ] }, { "date": "2023-11-03", "close": 7.733254, "volume": 57298372, "typical_volume": 127929509.2, "trend": 8.080969, "fair_value": 8.839818, "relative_strength": 0.616175, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.025429, "energy": 51.883243, "activity_lines": [ 7.770079, 7.839501, 8.002844, 8.02735 ] }, { "date": "2023-11-10", "close": 7.888307, "volume": 109410046, "typical_volume": 130673096.5, "trend": 8.05319, "fair_value": 8.809095, "relative_strength": 2.328029, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.732595, "energy": 41.0676, "activity_lines": [ 7.80432, 7.836505, 7.988154, 8.01492 ] }, { "date": "2023-11-17", "close": 7.897997, "volume": 79897843, "typical_volume": 133034322.15, "trend": 8.036264, "fair_value": 8.779512, "relative_strength": 1.928963, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.760371, "energy": 26.89901, "activity_lines": [ 7.839853, 7.839677, 7.974799, 8.004908 ] }, { "date": "2023-11-24", "close": 7.839854, "volume": 60698814, "typical_volume": 133609431.7, "trend": 8.0324, "fair_value": 8.755118, "relative_strength": 1.635449, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.892184, "energy": 23.548627, "activity_lines": [ 7.84696, 7.83492, 7.95527, 7.992236 ] }, { "date": "2023-12-01", "close": 7.907688, "volume": 94090163, "typical_volume": 135891260.0, "trend": 8.02218, "fair_value": 8.729185, "relative_strength": 2.847775, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.461753, "energy": 17.819085, "activity_lines": [ 7.873448, 7.845139, 7.942161, 7.98419 ] }, { "date": "2023-12-08", "close": 7.820471, "volume": 103719750, "typical_volume": 138886033.6, "trend": 8.009691, "fair_value": 8.704249, "relative_strength": 3.797872, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.052345, "energy": 22.271827, "activity_lines": [ 7.862465, 7.841086, 7.92061, 7.971177 ] }, { "date": "2023-12-15", "close": 7.975523, "volume": 203576210, "typical_volume": 147049295.3, "trend": 8.006838, "fair_value": 8.67899, "relative_strength": 6.708134, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.974974, "energy": 15.086423, "activity_lines": [ 7.897351, 7.867868, 7.914287, 7.968972 ] }, { "date": "2023-12-22", "close": 7.704182, "volume": 92951746, "typical_volume": 143095959.2, "trend": 7.99526, "fair_value": 8.651932, "relative_strength": 3.916046, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.902382, "energy": 27.739564, "activity_lines": [ 7.835976, 7.8432, 7.881846, 7.949446 ] }, { "date": "2023-12-29", "close": 7.733254, "volume": 62367093, "typical_volume": 123241235.05, "trend": 7.986566, "fair_value": 8.622848, "relative_strength": 2.091194, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.89568, "energy": 30.648547, "activity_lines": [ 7.797213, 7.824876, 7.855866, 7.932542 ] }, { "date": "2024-01-05", "close": 7.587893, "volume": 39079211, "typical_volume": 105901327.85, "trend": 7.969835, "fair_value": 8.593728, "relative_strength": 1.649713, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.399083, "energy": 43.236782, "activity_lines": [ 7.717103, 7.78118, 7.82144, 7.906822 ] }, { "date": "2024-01-12", "close": 7.44253, "volume": 40369535, "typical_volume": 96742647.6, "trend": 7.95496, "fair_value": 8.567207, "relative_strength": 1.239958, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.431868, "energy": 68.539988, "activity_lines": [ 7.609858, 7.714577, 7.778339, 7.872802 ] }, { "date": "2024-01-19", "close": 7.539439, "volume": 56545439, "typical_volume": 91359308.9, "trend": 7.940443, "fair_value": 8.546151, "relative_strength": 4.169736, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.045176, "energy": 64.587785, "activity_lines": [ 7.560112, 7.670881, 7.749498, 7.845994 ] }, { "date": "2024-01-26", "close": 7.578202, "volume": 112287575, "typical_volume": 82201340.6, "trend": 7.934239, "fair_value": 8.521336, "relative_strength": 1.765398, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.550848, "energy": 59.112324, "activity_lines": [ 7.55236, 7.640575, 7.727163, 7.822624 ] }, { "date": "2024-02-02", "close": 6.9483, "volume": 78921502, "typical_volume": 80859489.5, "trend": 7.904805, "fair_value": 8.493381, "relative_strength": -0.554315, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.837685, "energy": 74.462752, "activity_lines": [ 7.343039, 7.501556, 7.647052, 7.759015 ] }, { "date": "2024-02-09", "close": 7.694491, "volume": 158498194, "typical_volume": 84652700.9, "trend": 7.898648, "fair_value": 8.472781, "relative_strength": 4.763052, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.724384, "energy": 36.406036, "activity_lines": [ 7.434778, 7.514419, 7.642945, 7.745446 ] }, { "date": "2024-02-23", "close": 7.646037, "volume": 126027917, "typical_volume": 87341857.1, "trend": 7.889599, "fair_value": 8.454083, "relative_strength": -0.723837, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.092834, "energy": 29.532802, "activity_lines": [ 7.503259, 7.522347, 7.635654, 7.729149 ] }, { "date": "2024-03-01", "close": 7.946452, "volume": 256737921, "typical_volume": 97071909.05, "trend": 7.890568, "fair_value": 8.441618, "relative_strength": 2.396948, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.423389, "energy": 11.851254, "activity_lines": [ 7.658312, 7.588069, 7.658497, 7.732817 ] }, { "date": "2024-03-08", "close": 7.820471, "volume": 288861454, "typical_volume": 108162493.4, "trend": 7.868602, "fair_value": 8.431037, "relative_strength": 0.237178, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.801721, "energy": 16.093496, "activity_lines": [ 7.744237, 7.631413, 7.668926, 7.728294 ] }, { "date": "2024-03-15", "close": 7.927071, "volume": 194420924, "typical_volume": 114694674.75, "trend": 7.837269, "fair_value": 8.419943, "relative_strength": 1.329565, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.53508, "energy": 15.837194, "activity_lines": [ 7.849544, 7.692025, 7.68923, 7.732066 ] }, { "date": "2024-03-22", "close": 7.772018, "volume": 141854371, "typical_volume": 117880704.0, "trend": 7.807227, "fair_value": 8.404805, "relative_strength": -0.415728, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.668354, "energy": 15.015043, "activity_lines": [ 7.837915, 7.720921, 7.694122, 7.727857 ] }, { "date": "2024-03-29", "close": 7.510366, "volume": 82104368, "typical_volume": 119121003.8, "trend": 7.774279, "fair_value": 8.390142, "relative_strength": -3.492291, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.983489, "energy": 11.142033, "activity_lines": [ 7.733901, 7.698896, 7.674141, 7.708704 ] }, { "date": "2024-04-05", "close": 7.520057, "volume": 39303689, "typical_volume": 115615685.95, "trend": 7.753928, "fair_value": 8.373448, "relative_strength": -4.15567, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.031894, "energy": 14.115578, "activity_lines": [ 7.642161, 7.6774, 7.656143, 7.692303 ] }, { "date": "2024-04-12", "close": 7.19057, "volume": 58464398, "typical_volume": 114544013.7, "trend": 7.725502, "fair_value": 8.357215, "relative_strength": -6.713752, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.088004, "energy": 35.842259, "activity_lines": [ 7.469019, 7.59635, 7.60852, 7.655957 ] }, { "date": "2024-04-19", "close": 7.326241, "volume": 78917243, "typical_volume": 115454935.15, "trend": 7.703536, "fair_value": 8.344123, "relative_strength": -6.210244, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.020653, "energy": 42.36504, "activity_lines": [ 7.383094, 7.547015, 7.577186, 7.630198 ] }, { "date": "2024-04-26", "close": 7.762327, "volume": 98247227, "typical_volume": 115662788.35, "trend": 7.695783, "fair_value": 8.332512, "relative_strength": -1.375929, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.678531, "energy": 31.34137, "activity_lines": [ 7.482586, 7.570097, 7.589831, 7.633991 ] }, { "date": "2024-05-03", "close": 7.946452, "volume": 101343825, "typical_volume": 115543992.1, "trend": 7.695137, "fair_value": 8.322798, "relative_strength": 0.323871, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.36829, "energy": 5.352606, "activity_lines": [ 7.644099, 7.625422, 7.620703, 7.650164 ] }, { "date": "2024-05-10", "close": 7.985215, "volume": 118615562, "typical_volume": 111295959.7, "trend": 7.699337, "fair_value": 8.313632, "relative_strength": -0.820321, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.380863, "energy": 15.756625, "activity_lines": [ 7.789461, 7.682334, 7.654667, 7.668878 ] }, { "date": "2024-05-17", "close": 7.985215, "volume": 129600380, "typical_volume": 113128391.4, "trend": 7.706766, "fair_value": 8.308294, "relative_strength": -0.859262, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.133294, "energy": 34.555407, "activity_lines": [ 7.903812, 7.73854, 7.688585, 7.687322 ] }, { "date": "2024-05-24", "close": 7.67511, "volume": 66015027, "typical_volume": 113310788.1, "trend": 7.70289, "fair_value": 8.301088, "relative_strength": -2.715036, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 22.123213, "energy": 31.75609, "activity_lines": [ 7.861819, 7.735369, 7.69163, 7.68528 ] }, { "date": "2024-05-31", "close": 7.733254, "volume": 51160143, "typical_volume": 113914834.7, "trend": 7.701275, "fair_value": 8.291982, "relative_strength": -1.951933, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.840596, "energy": 32.049866, "activity_lines": [ 7.815949, 7.74735, 7.70049, 7.687239 ] }, { "date": "2024-06-07", "close": 7.55882, "volume": 65916503, "typical_volume": 115192183.1, "trend": 7.69546, "fair_value": 8.290191, "relative_strength": -3.039318, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.41128, "energy": 3.73704, "activity_lines": [ 7.713873, 7.728321, 7.692045, 7.678048 ] }, { "date": "2024-06-14", "close": 7.704182, "volume": 49469521, "typical_volume": 114838387.2, "trend": 7.689323, "fair_value": 8.282633, "relative_strength": -0.59392, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.267047, "energy": 7.539149, "activity_lines": [ 7.686092, 7.73484, 7.696891, 7.678611 ] }, { "date": "2024-06-21", "close": 7.762327, "volume": 104246879, "typical_volume": 114436352.4, "trend": 7.6848, "fair_value": 8.278558, "relative_strength": 1.196142, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.07752, "energy": 5.725244, "activity_lines": [ 7.696429, 7.748583, 7.706489, 7.683321 ] }, { "date": "2024-06-28", "close": 7.44253, "volume": 72927230, "typical_volume": 114136638.8, "trend": 7.671556, "fair_value": 8.269143, "relative_strength": -2.020888, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.221892, "energy": 16.400136, "activity_lines": [ 7.615027, 7.693786, 7.684754, 7.66769 ] }, { "date": "2024-07-05", "close": 7.258405, "volume": 46156453, "typical_volume": 108519551.75, "trend": 7.649913, "fair_value": 8.261658, "relative_strength": -3.902484, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -55.756822, "energy": 46.28264, "activity_lines": [ 7.487754, 7.603398, 7.64313, 7.641036 ] }, { "date": "2024-07-12", "close": 7.258405, "volume": 55753742, "typical_volume": 105005843.0, "trend": 7.631178, "fair_value": 8.252379, "relative_strength": -4.591307, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.665794, "energy": 59.495808, "activity_lines": [ 7.392138, 7.522171, 7.603582, 7.615777 ] }, { "date": "2024-07-19", "close": 7.345623, "volume": 46443973, "typical_volume": 94491145.6, "trend": 7.610181, "fair_value": 8.237678, "relative_strength": -3.80016, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.07549, "energy": 61.913866, "activity_lines": [ 7.345622, 7.469312, 7.574187, 7.597354 ] }, { "date": "2024-07-26", "close": 7.335932, "volume": 54804307, "typical_volume": 82788288.25, "trend": 7.597906, "fair_value": 8.219504, "relative_strength": -0.957764, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.691464, "energy": 62.829315, "activity_lines": [ 7.31978, 7.42632, 7.54673, 7.57966 ] }, { "date": "2024-08-02", "close": 7.587893, "volume": 97064358, "typical_volume": 77920459.95, "trend": 7.593061, "fair_value": 8.210184, "relative_strength": 1.848883, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.990041, "energy": 35.198224, "activity_lines": [ 7.406352, 7.440945, 7.545576, 7.579014 ] }, { "date": "2024-08-09", "close": 7.452221, "volume": 59575358, "typical_volume": 73806509.3, "trend": 7.588539, "fair_value": 8.198858, "relative_strength": 1.523983, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.651475, "energy": 20.780799, "activity_lines": [ 7.438008, 7.432487, 7.533116, 7.569928 ] }, { "date": "2024-08-16", "close": 7.432839, "volume": 44516539, "typical_volume": 71927117.85, "trend": 7.588216, "fair_value": 8.181844, "relative_strength": 0.740963, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.297072, "energy": 16.482383, "activity_lines": [ 7.450283, 7.425616, 7.520334, 7.559883 ] }, { "date": "2024-08-23", "close": 7.246974, "volume": 37736636, "typical_volume": 71848765.2, "trend": 7.578467, "fair_value": 8.161246, "relative_strength": -0.781247, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.395787, "energy": 22.691461, "activity_lines": [ 7.388974, 7.387241, 7.490219, 7.537867 ] }, { "date": "2024-08-30", "close": 7.403665, "volume": 61830693, "typical_volume": 72017079.95, "trend": 7.572649, "fair_value": 8.146384, "relative_strength": 1.880693, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.653115, "energy": 21.363678, "activity_lines": [ 7.386472, 7.385668, 7.476327, 7.52659 ] }, { "date": "2024-09-06", "close": 7.227387, "volume": 66726068, "typical_volume": 71407521.2, "trend": 7.581952, "fair_value": 8.127849, "relative_strength": 2.233534, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.072867, "energy": 40.018076, "activity_lines": [ 7.320694, 7.358566, 7.444632, 7.504315 ] }, { "date": "2024-09-13", "close": 7.276353, "volume": 66084205, "typical_volume": 69799370.1, "trend": 7.568014, "fair_value": 8.10672, "relative_strength": 5.177365, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.144267, "energy": 40.128962, "activity_lines": [ 7.295273, 7.344278, 7.418072, 7.484599 ] }, { "date": "2024-09-20", "close": 7.315526, "volume": 36036175, "typical_volume": 66533987.6, "trend": 7.556997, "fair_value": 8.0856, "relative_strength": 4.392169, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.013173, "energy": 31.844715, "activity_lines": [ 7.294634, 7.336787, 7.397556, 7.468309 ] }, { "date": "2024-09-27", "close": 8.618022, "volume": 208905959, "typical_volume": 71048507.45, "trend": 7.579382, "fair_value": 8.07289, "relative_strength": 8.824003, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 37.101665, "energy": 35.800682, "activity_lines": [ 7.735981, 7.565074, 7.504092, 7.536763 ] }, { "date": "2024-10-04", "close": 9.479825, "volume": 160013988, "typical_volume": 72569187.85, "trend": 7.634694, "fair_value": 8.068914, "relative_strength": 10.526829, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 88.545722, "energy": 88.126092, "activity_lines": [ 8.373192, 7.926919, 7.689691, 7.659372 ] }, { "date": "2024-10-11", "close": 8.813887, "volume": 483617466, "typical_volume": 93449309.8, "trend": 7.664255, "fair_value": 8.060367, "relative_strength": 6.386182, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.588024, "energy": 82.18508, "activity_lines": [ 8.650014, 8.128703, 7.804751, 7.735449 ] }, { "date": "2024-10-18", "close": 8.804093, "volume": 300953439, "typical_volume": 105938974.6, "trend": 7.698657, "fair_value": 8.054785, "relative_strength": 4.694836, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.941904, "energy": 81.244011, "activity_lines": [ 8.817804, 8.306417, 7.913454, 7.808987 ] }, { "date": "2024-10-25", "close": 8.745334, "volume": 234947134, "typical_volume": 114390506.15, "trend": 7.739823, "fair_value": 8.048705, "relative_strength": 2.76466, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.935662, "energy": 80.39845, "activity_lines": [ 8.864158, 8.448867, 8.011463, 7.876514 ] }, { "date": "2024-11-01", "close": 8.696367, "volume": 316026674, "typical_volume": 127718363.8, "trend": 7.779033, "fair_value": 8.044129, "relative_strength": 2.993117, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.71995, "energy": 53.974073, "activity_lines": [ 8.79887, 8.558551, 8.099158, 7.938227 ] }, { "date": "2024-11-08", "close": 9.381892, "volume": 468553300, "typical_volume": 145933684.85, "trend": 7.852077, "fair_value": 8.043341, "relative_strength": 5.179417, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.816178, "energy": 56.418142, "activity_lines": [ 8.956867, 8.766523, 8.247416, 8.041637 ] }, { "date": "2024-11-15", "close": 8.82368, "volume": 232735333, "typical_volume": 153924090.0, "trend": 7.901992, "fair_value": 8.038672, "relative_strength": 2.491196, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.492634, "energy": 45.275812, "activity_lines": [ 8.935322, 8.837034, 8.334799, 8.104321 ] }, { "date": "2024-11-22", "close": 8.441745, "volume": 185533159, "typical_volume": 160892925.3, "trend": 7.924639, "fair_value": 8.031433, "relative_strength": -0.036878, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.939353, "energy": 34.021507, "activity_lines": [ 8.785813, 8.809079, 8.37923, 8.139144 ] }, { "date": "2024-11-29", "close": 8.85306, "volume": 226324197, "typical_volume": 169421448.05, "trend": 7.954859, "fair_value": 8.029375, "relative_strength": 2.902199, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.971159, "energy": 33.279525, "activity_lines": [ 8.797565, 8.834719, 8.457199, 8.199042 ] }, { "date": "2024-12-06", "close": 8.931405, "volume": 195907653, "typical_volume": 176894632.05, "trend": 7.986399, "fair_value": 8.028849, "relative_strength": 1.43411, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.785196, "energy": 28.427111, "activity_lines": [ 8.82825, 8.846649, 8.535037, 8.262045 ] }, { "date": "2024-12-13", "close": 9.107019, "volume": 306340528, "typical_volume": 189471443.1, "trend": 8.023793, "fair_value": 8.028116, "relative_strength": 3.760861, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.927723, "energy": 33.6722, "activity_lines": [ 8.901804, 8.884811, 8.622047, 8.334343 ] }, { "date": "2024-12-20", "close": 9.047947, "volume": 488798359, "typical_volume": 209058143.15, "trend": 8.069554, "fair_value": 8.027307, "relative_strength": 3.835083, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.205275, "energy": 34.976794, "activity_lines": [ 8.973993, 8.919011, 8.694999, 8.400417 ] }, { "date": "2024-12-27", "close": 8.91011, "volume": 209399207, "typical_volume": 216549335.6, "trend": 8.108782, "fair_value": 8.025918, "relative_strength": 1.305761, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.766758, "energy": 34.496404, "activity_lines": [ 8.985284, 8.923894, 8.74787, 8.454647 ] }, { "date": "2025-01-03", "close": 8.014176, "volume": 167306904, "typical_volume": 222688853.85, "trend": 8.123961, "fair_value": 8.018906, "relative_strength": -3.451766, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 21.017487, "energy": 12.679257, "activity_lines": [ 8.666707, 8.763952, 8.708472, 8.448543 ] }, { "date": "2025-01-10", "close": 7.85665, "volume": 120851268, "typical_volume": 226844585.45, "trend": 8.129043, "fair_value": 8.008159, "relative_strength": -3.988629, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -5.201843, "energy": 15.421348, "activity_lines": [ 8.351546, 8.588663, 8.651303, 8.431297 ] }, { "date": "2025-01-17", "close": 8.152013, "volume": 126088048, "typical_volume": 230057453.2, "trend": 8.142033, "fair_value": 7.999912, "relative_strength": -2.582408, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.605472, "energy": 21.905225, "activity_lines": [ 8.206491, 8.482344, 8.619361, 8.432779 ] }, { "date": "2025-01-24", "close": 8.319386, "volume": 122481452, "typical_volume": 232845222.4, "trend": 8.171261, "fair_value": 7.994311, "relative_strength": -0.835537, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.986543, "energy": 23.33325, "activity_lines": [ 8.180893, 8.428817, 8.599795, 8.444221 ] }, { "date": "2025-01-31", "close": 8.270158, "volume": 35706846, "typical_volume": 231326354.45, "trend": 8.204986, "fair_value": 7.987305, "relative_strength": -1.316913, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -16.888406, "energy": 33.917496, "activity_lines": [ 8.187457, 8.37551, 8.570341, 8.450602 ] }, { "date": "2025-02-07", "close": 8.526139, "volume": 106223937, "typical_volume": 234835742.55, "trend": 8.247244, "fair_value": 7.982243, "relative_strength": 0.076664, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.050988, "energy": 10.842684, "activity_lines": [ 8.322011, 8.371864, 8.560534, 8.471321 ] }, { "date": "2025-02-14", "close": 8.476912, "volume": 125260384, "typical_volume": 230653463.8, "trend": 8.284954, "fair_value": 7.978319, "relative_strength": -1.669829, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.006722, "energy": 11.245559, "activity_lines": [ 8.406025, 8.365211, 8.540273, 8.486139 ] }, { "date": "2025-02-21", "close": 8.526139, "volume": 141928254, "typical_volume": 229749177.1, "trend": 8.324627, "fair_value": 7.974286, "relative_strength": -2.031163, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.137244, "energy": 15.181494, "activity_lines": [ 8.465097, 8.375773, 8.525373, 8.501699 ] }, { "date": "2025-02-28", "close": 8.181549, "volume": 147151145, "typical_volume": 212925861.05, "trend": 8.344416, "fair_value": 7.972345, "relative_strength": -4.227135, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.455619, "energy": 9.464797, "activity_lines": [ 8.384365, 8.334243, 8.482197, 8.492468 ] }, { "date": "2025-03-07", "close": 8.260313, "volume": 109218726, "typical_volume": 203339125.4, "trend": 8.371352, "fair_value": 7.969697, "relative_strength": -4.701783, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.448128, "energy": 9.647005, "activity_lines": [ 8.339076, 8.322786, 8.449532, 8.487042 ] }, { "date": "2025-03-14", "close": 8.467067, "volume": 124520271, "typical_volume": 197817782.25, "trend": 8.405826, "fair_value": 7.969101, "relative_strength": -3.573675, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.956039, "energy": 7.817889, "activity_lines": [ 8.363362, 8.360736, 8.439148, 8.493217 ] }, { "date": "2025-03-21", "close": 8.319386, "volume": 96005374, "typical_volume": 186816717.25, "trend": 8.441574, "fair_value": 7.96871, "relative_strength": -3.65861, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.256762, "energy": 18.416497, "activity_lines": [ 8.342358, 8.3636, 8.416024, 8.487641 ] }, { "date": "2025-03-28", "close": 8.240622, "volume": 83563607, "typical_volume": 167567232.6, "trend": 8.469472, "fair_value": 7.96854, "relative_strength": -4.177981, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.495285, "energy": 21.582292, "activity_lines": [ 8.305602, 8.34373, 8.387194, 8.474676 ] }, { "date": "2025-04-04", "close": 8.171704, "volume": 67091572, "typical_volume": 159285044.55, "trend": 8.500949, "fair_value": 7.969927, "relative_strength": -4.711444, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -59.344901, "energy": 41.834477, "activity_lines": [ 8.264908, 8.309719, 8.357235, 8.455465 ] }, { "date": "2025-04-11", "close": 7.649896, "volume": 166012368, "typical_volume": 158309005.0, "trend": 8.513401, "fair_value": 7.967667, "relative_strength": -7.924141, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.4621, "energy": 70.179041, "activity_lines": [ 8.050933, 8.183518, 8.280685, 8.400558 ] }, { "date": "2025-04-18", "close": 7.649896, "volume": 71885952, "typical_volume": 150587092.75, "trend": 8.524546, "fair_value": 7.967344, "relative_strength": -8.96822, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.290237, "energy": 79.658843, "activity_lines": [ 7.877654, 8.068595, 8.207905, 8.344848 ] }, { "date": "2025-04-25", "close": 7.699123, "volume": 76695500, "typical_volume": 144626485.1, "trend": 8.493916, "fair_value": 7.966368, "relative_strength": -8.771265, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.826451, "energy": 81.716869, "activity_lines": [ 7.775261, 7.978554, 8.145543, 8.291595 ] }, { "date": "2025-05-02", "close": 7.610515, "volume": 54318581, "typical_volume": 132025387.75, "trend": 8.431606, "fair_value": 7.965006, "relative_strength": -9.21786, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.436249, "energy": 83.758233, "activity_lines": [ 7.684683, 7.886545, 8.08061, 8.234602 ] }, { "date": "2025-05-09", "close": 7.679432, "volume": 75310439, "typical_volume": 111350991.75, "trend": 8.393791, "fair_value": 7.961784, "relative_strength": -9.963613, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.700711, "energy": 78.208357, "activity_lines": [ 7.659085, 7.823713, 8.029367, 8.186074 ] }, { "date": "2025-05-16", "close": 7.728659, "volume": 122187342, "typical_volume": 106990398.5, "trend": 8.357943, "fair_value": 7.956757, "relative_strength": -9.910979, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.276714, "energy": 54.464315, "activity_lines": [ 7.682714, 7.778961, 7.989329, 8.143163 ] }, { "date": "2025-05-23", "close": 7.580978, "volume": 67813850, "typical_volume": 102015745.8, "trend": 8.319131, "fair_value": 7.960111, "relative_strength": -10.980323, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.704755, "energy": 53.656874, "activity_lines": [ 7.651865, 7.717024, 7.940852, 8.093036 ] }, { "date": "2025-05-30", "close": 7.630205, "volume": 52991211, "typical_volume": 98622742.95, "trend": 8.283593, "fair_value": 7.965416, "relative_strength": -10.225264, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.048664, "energy": 49.493632, "activity_lines": [ 7.64202, 7.680148, 7.899126, 8.048589 ] }, { "date": "2025-06-06", "close": 7.699123, "volume": 76229332, "typical_volume": 96129807.15, "trend": 8.2275, "fair_value": 7.968619, "relative_strength": -10.289797, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.015388, "energy": 44.057633, "activity_lines": [ 7.659741, 7.668334, 7.865042, 8.010881 ] }, { "date": "2025-06-13", "close": 7.699123, "volume": 103461712, "typical_volume": 95178820.15, "trend": 8.190015, "fair_value": 7.971943, "relative_strength": -9.889561, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.901003, "energy": 38.773505, "activity_lines": [ 7.671556, 7.666365, 7.833115, 7.976792 ] }, { "date": "2025-06-20", "close": 7.640051, "volume": 77504587, "typical_volume": 97268707.2, "trend": 8.163292, "fair_value": 7.975252, "relative_strength": -9.910013, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.551972, "energy": 36.038746, "activity_lines": [ 7.662367, 7.662248, 7.798515, 7.941311 ] }, { "date": "2025-06-27", "close": 7.994486, "volume": 222316151, "typical_volume": 103073317.9, "trend": 8.134673, "fair_value": 7.980348, "relative_strength": -7.379279, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.489054, "energy": 18.344986, "activity_lines": [ 7.77723, 7.722752, 7.800672, 7.93042 ] }, { "date": "2025-07-04", "close": 7.905877, "volume": 104223746, "typical_volume": 102021486.0, "trend": 8.100488, "fair_value": 7.980516, "relative_strength": -9.547687, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.628499, "energy": 18.274127, "activity_lines": [ 7.83499, 7.760881, 7.796921, 7.915659 ] }, { "date": "2025-07-11", "close": 8.260313, "volume": 165961178, "typical_volume": 103223132.2, "trend": 8.072265, "fair_value": 7.981684, "relative_strength": -6.447776, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 13.027383, "energy": 22.37916, "activity_lines": [ 7.992517, 7.859693, 7.829645, 7.92597 ] }, { "date": "2025-07-18", "close": 8.152013, "volume": 109667288, "typical_volume": 101348939.35, "trend": 8.0424, "fair_value": 7.982763, "relative_strength": -8.199297, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 24.984763, "energy": 33.715723, "activity_lines": [ 8.076531, 7.927, 7.853321, 7.931115 ] }, { "date": "2025-07-25", "close": 8.398149, "volume": 187442606, "typical_volume": 105260133.35, "trend": 8.025335, "fair_value": 7.986873, "relative_strength": -6.841655, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 37.841259, "energy": 55.93839, "activity_lines": [ 8.212398, 8.030467, 7.900579, 7.954067 ] }, { "date": "2025-08-01", "close": 8.092941, "volume": 162079261, "typical_volume": 107138082.85, "trend": 8.027961, "fair_value": 7.989633, "relative_strength": -9.141648, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 23.449462, "energy": 48.316523, "activity_lines": [ 8.19599, 8.066268, 7.918114, 7.958429 ] }, { "date": "2025-08-08", "close": 8.241292, "volume": 126413832, "typical_volume": 108658505.75, "trend": 8.040782, "fair_value": 7.995221, "relative_strength": -9.154575, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.30063, "energy": 43.175362, "activity_lines": [ 8.222467, 8.119735, 7.951558, 7.972192 ] }, { "date": "2025-08-15", "close": 8.61906, "volume": 248635379, "typical_volume": 116912094.35, "trend": 8.05635, "fair_value": 8.002202, "relative_strength": -6.394414, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 54.247806, "energy": 57.448009, "activity_lines": [ 8.352507, 8.230775, 8.021353, 8.0095 ] }, { "date": "2025-08-22", "close": 8.887473, "volume": 280400541, "typical_volume": 127577542.8, "trend": 8.075286, "fair_value": 8.010842, "relative_strength": -6.577938, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 58.92605, "energy": 68.340386, "activity_lines": [ 8.548101, 8.373892, 8.114908, 8.063121 ] }, { "date": "2025-08-29", "close": 8.758238, "volume": 262697338, "typical_volume": 132411791.3, "trend": 8.091556, "fair_value": 8.015924, "relative_strength": -8.467123, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 72.984555, "energy": 78.360458, "activity_lines": [ 8.651586, 8.471905, 8.192747, 8.107182 ] }, { "date": "2025-09-05", "close": 8.688648, "volume": 222819911, "typical_volume": 139958489.25, "trend": 8.096973, "fair_value": 8.017124, "relative_strength": -7.874091, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.884744, "energy": 74.122508, "activity_lines": [ 8.707868, 8.536935, 8.25868, 8.145704 ] }, { "date": "2025-09-12", "close": 8.638942, "volume": 182161803, "typical_volume": 145231804.4, "trend": 8.102374, "fair_value": 8.019662, "relative_strength": -9.452658, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.744111, "energy": 64.533241, "activity_lines": [ 8.707868, 8.580306, 8.314933, 8.18067 ] }, { "date": "2025-09-19", "close": 8.48, "volume": 149808761, "typical_volume": 150006313.4, "trend": 8.100836, "fair_value": 8.021979, "relative_strength": -9.623875, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.21808, "energy": 42.236272, "activity_lines": [ 8.628377, 8.58145, 8.351574, 8.205033 ] }, { "date": "2025-09-26", "close": 8.32, "volume": 97114996, "typical_volume": 151096541.25, "trend": 8.105451, "fair_value": 8.023946, "relative_strength": -11.084671, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.700317, "energy": 27.642277, "activity_lines": [ 8.504824, 8.549509, 8.368835, 8.219173 ] }, { "date": "2025-10-03", "close": 8.54, "volume": 84891100, "typical_volume": 149231729.15, "trend": 8.114774, "fair_value": 8.022167, "relative_strength": -9.561968, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.188137, "energy": 21.326105, "activity_lines": [ 8.492435, 8.554514, 8.403999, 8.247208 ] }, { "date": "2025-10-10", "close": 8.61, "volume": 56235932, "typical_volume": 148652833.25, "trend": 8.119538, "fair_value": 8.026115, "relative_strength": -8.771935, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.642218, "energy": 21.741238, "activity_lines": [ 8.517929, 8.569667, 8.441967, 8.279158 ] }, { "date": "2025-10-17", "close": 8.31, "volume": 124802107, "typical_volume": 152243378.05, "trend": 8.119225, "fair_value": 8.028816, "relative_strength": -10.255922, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.244363, "energy": 18.489405, "activity_lines": [ 8.448667, 8.520873, 8.446462, 8.291446 ] }, { "date": "2025-10-24", "close": 8.47, "volume": 85212143, "typical_volume": 152692518.6, "trend": 8.126871, "fair_value": 8.036285, "relative_strength": -10.727647, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.765222, "energy": 18.522422, "activity_lines": [ 8.454667, 8.499921, 8.462959, 8.314077 ] }, { "date": "2025-10-31", "close": 8.47, "volume": 114887126, "typical_volume": 153263789.3, "trend": 8.136814, "fair_value": 8.041299, "relative_strength": -10.458719, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.559781, "energy": 16.6954, "activity_lines": [ 8.461333, 8.481679, 8.475784, 8.336214 ] }, { "date": "2025-11-07", "close": 8.55, "volume": 162449740, "typical_volume": 157511046.95, "trend": 8.166818, "fair_value": 8.046213, "relative_strength": -10.161903, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.325588, "energy": 13.863956, "activity_lines": [ 8.484667, 8.485573, 8.492558, 8.362871 ] }, { "date": "2025-11-14", "close": 8.56, "volume": 152678365, "typical_volume": 154029157.65, "trend": 8.197155, "fair_value": 8.053278, "relative_strength": -9.529236, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.439263, "energy": 22.436365, "activity_lines": [ 8.510667, 8.495072, 8.505951, 8.388238 ] }, { "date": "2025-11-21", "close": 8.11, "volume": 124599115, "typical_volume": 155047926.1, "trend": 8.210851, "fair_value": 8.054573, "relative_strength": -10.46684, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.707509, "energy": 4.255406, "activity_lines": [ 8.39, 8.425091, 8.473794, 8.382615 ] }, { "date": "2025-11-28", "close": 8.03, "volume": 99043973, "typical_volume": 151702065.85, "trend": 8.224833, "fair_value": 8.054742, "relative_strength": -12.147779, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -8.374382, "energy": 23.080765, "activity_lines": [ 8.256, 8.350182, 8.433047, 8.370947 ] }, { "date": "2025-12-05", "close": 8.08, "volume": 83518541, "typical_volume": 150394628.5, "trend": 8.238186, "fair_value": 8.054311, "relative_strength": -11.522046, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -24.982359, "energy": 46.413703, "activity_lines": [ 8.168, 8.292545, 8.398157, 8.361603 ] }, { "date": "2025-12-12", "close": 7.95, "volume": 131695280, "typical_volume": 147607262.2, "trend": 8.245564, "fair_value": 8.053967, "relative_strength": -12.18169, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.07331, "energy": 57.489845, "activity_lines": [ 8.062667, 8.215636, 8.35123, 8.34301 ] }, { "date": "2025-12-19", "close": 7.96, "volume": 87608437, "typical_volume": 143883721.0, "trend": 8.258198, "fair_value": 8.053134, "relative_strength": -11.62859, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.842391, "energy": 62.946451, "activity_lines": [ 8.000667, 8.151273, 8.307389, 8.324587 ] }, { "date": "2025-12-26", "close": 8.04, "volume": 75125322, "typical_volume": 141319295.5, "trend": 8.271858, "fair_value": 8.054104, "relative_strength": -11.956557, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.137491, "energy": 56.016795, "activity_lines": [ 8.005333, 8.113273, 8.2718, 8.31051 ] }, { "date": "2026-01-02", "close": 7.92, "volume": 50353691, "typical_volume": 131405211.1, "trend": 8.27922, "fair_value": 8.054918, "relative_strength": -13.020429, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.265668, "energy": 57.414758, "activity_lines": [ 7.974667, 8.058364, 8.225741, 8.287809 ] }, { "date": "2026-01-09", "close": 8.11, "volume": 151624872, "typical_volume": 124966427.65, "trend": 8.292916, "fair_value": 8.058545, "relative_strength": -13.841148, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -58.176302, "energy": 41.626928, "activity_lines": [ 8.014667, 8.048, 8.201106, 8.276892 ] }, { "date": "2026-01-16", "close": 8.0, "volume": 158444330, "typical_volume": 119753777.25, "trend": 8.304914, "fair_value": 8.061161, "relative_strength": -14.218671, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.119316, "energy": 38.272093, "activity_lines": [ 8.016, 8.024182, 8.169698, 8.257994 ] }, { "date": "2026-01-23", "close": 8.07, "volume": 84772685, "typical_volume": 112851415.95, "trend": 8.307432, "fair_value": 8.063856, "relative_strength": -13.742023, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.616987, "energy": 31.288889, "activity_lines": [ 8.037333, 8.023091, 8.148566, 8.242838 ] }, { "date": "2026-01-30", "close": 7.95, "volume": 142801789, "typical_volume": 110883415.25, "trend": 8.308902, "fair_value": 8.065108, "relative_strength": -14.201168, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.039583, "energy": 30.377217, "activity_lines": [ 8.011333, 8.009091, 8.118952, 8.219778 ] }, { "date": "2026-02-06", "close": 7.9, "volume": 101028188, "typical_volume": 108444386.6, "trend": 8.296892, "fair_value": 8.062909, "relative_strength": -13.169416, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.869808, "energy": 39.104894, "activity_lines": [ 7.974667, 7.988909, 8.087857, 8.193397 ] }, { "date": "2026-02-13", "close": 7.81, "volume": 65526703, "typical_volume": 106864971.95, "trend": 8.285491, "fair_value": 8.060686, "relative_strength": -14.0477, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.330978, "energy": 49.006781, "activity_lines": [ 7.909333, 7.954727, 8.050952, 8.161985 ] }, { "date": "2026-02-27", "close": 7.89, "volume": 60752538, "typical_volume": 105658043.85, "trend": 8.268553, "fair_value": 8.058423, "relative_strength": -14.388432, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.534669, "energy": 56.385007, "activity_lines": [ 7.890667, 7.94, 8.024095, 8.136469 ] }, { "date": "2026-03-06", "close": 7.65, "volume": 105449172, "typical_volume": 108118705.85, "trend": 8.253788, "fair_value": 8.053885, "relative_strength": -15.768526, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.037943, "energy": 71.190588, "activity_lines": [ 7.799333, 7.882727, 7.977476, 8.096563 ] }, { "date": "2026-03-13", "close": 7.62, "volume": 82599767, "typical_volume": 106008588.85, "trend": 8.233079, "fair_value": 8.046394, "relative_strength": -15.073358, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.383523, "energy": 76.187214, "activity_lines": [ 7.726, 7.825636, 7.932571, 8.055673 ] }, { "date": "2026-03-20", "close": 7.41, "volume": 96078440, "typical_volume": 106551903.7, "trend": 8.192777, "fair_value": 8.03817, "relative_strength": -14.07029, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.833654, "energy": 86.171786, "activity_lines": [ 7.604667, 7.738, 7.870952, 8.002571 ] }, { "date": "2026-03-27", "close": 7.26, "volume": 94807185, "typical_volume": 105547906.65, "trend": 8.138528, "fair_value": 8.031316, "relative_strength": -14.411343, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.263983, "energy": 91.535688, "activity_lines": [ 7.466, 7.632364, 7.800095, 7.942392 ] }, { "date": "2026-04-03", "close": 7.19, "volume": 62373549, "typical_volume": 100544097.1, "trend": 8.086253, "fair_value": 8.024259, "relative_strength": -14.039852, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.599966, "energy": 92.259861, "activity_lines": [ 7.340667, 7.529455, 7.728333, 7.881197 ] }, { "date": "2026-04-10", "close": 7.37, "volume": 78340711, "typical_volume": 96827214.4, "trend": 8.042298, "fair_value": 8.017374, "relative_strength": -13.775073, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.044833, "energy": 82.373033, "activity_lines": [ 7.322, 7.474, 7.68019, 7.834987 ] }, { "date": "2026-04-17", "close": 7.42, "volume": 62012229, "typical_volume": 93697870.1, "trend": 8.001667, "fair_value": 8.011117, "relative_strength": -14.178495, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.079288, "energy": 67.362264, "activity_lines": [ 7.338667, 7.440364, 7.642476, 7.794839 ] }, { "date": "2026-04-24", "close": 7.23, "volume": 68248589, "typical_volume": 92158100.9, "trend": 7.96, "fair_value": 8.001554, "relative_strength": -16.536636, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.099682, "energy": 62.288162, "activity_lines": [ 7.305333, 7.381818, 7.589952, 7.745054 ] }, { "date": "2026-05-01", "close": 7.35, "volume": 67938880, "typical_volume": 91379117.85, "trend": 7.927667, "fair_value": 7.994787, "relative_strength": -15.396143, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.158187, "energy": 50.590863, "activity_lines": [ 7.324, 7.357273, 7.552667, 7.705699 ] }, { "date": "2026-05-08", "close": 7.28, "volume": 54601058, "typical_volume": 87524406.75, "trend": 7.885667, "fair_value": 7.990455, "relative_strength": -17.123967, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.171246, "energy": 50.106052, "activity_lines": [ 7.313333, 7.328364, 7.51219, 7.663914 ] }, { "date": "2026-05-15", "close": 7.11, "volume": 108667188, "typical_volume": 88577344.3, "trend": 7.835667, "fair_value": 7.983376, "relative_strength": -17.751576, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.74476, "energy": 55.452309, "activity_lines": [ 7.24, 7.279636, 7.458714, 7.613871 ] }, { "date": "2026-05-22", "close": 6.97, "volume": 92308979, "typical_volume": 89436527.15, "trend": 7.791, "fair_value": 7.975523, "relative_strength": -18.479902, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.294707, "energy": 59.323116, "activity_lines": [ 7.137333, 7.215273, 7.395952, 7.558022 ] }, { "date": "2026-05-29", "close": 6.7, "volume": 109240326, "typical_volume": 92380858.9, "trend": 7.732, "fair_value": 7.966798, "relative_strength": -20.329006, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.386302, "energy": 79.628093, "activity_lines": [ 6.974667, 7.113636, 7.312571, 7.487634 ] }, { "date": "2026-06-05", "close": 6.52, "volume": 15299720, "typical_volume": 85564601.3, "trend": 7.667, "fair_value": 7.95698, "relative_strength": -21.199093, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.418013, "energy": 93.632193, "activity_lines": [ 6.787333, 6.992182, 7.217857, 7.409441 ] }, { "date": "2026-06-12", "close": 6.63, "volume": 33941085, "typical_volume": 79339439.05, "trend": 7.603, "fair_value": 7.948236, "relative_strength": -19.469985, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.569709, "energy": 88.873108, "activity_lines": [ 6.692, 6.904182, 7.14119, 7.342538 ] }, { "date": "2026-06-19", "close": 6.5, "volume": 91700115, "typical_volume": 79685810.55, "trend": 7.534333, "fair_value": 7.938045, "relative_strength": -21.677639, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.317165, "energy": 89.326448, "activity_lines": [ 6.596667, 6.802727, 7.058667, 7.271376 ] }, { "date": "2026-06-26", "close": 6.50371, "volume": 42659677, "typical_volume": 74678704.95, "trend": 7.48079, "fair_value": 7.929166, "relative_strength": -19.902504, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.151651, "energy": 83.569334, "activity_lines": [ 6.543237, 6.717765, 6.983972, 7.204885 ] }, { "date": "2026-07-03", "close": 6.651971, "volume": 26423900, "typical_volume": 70948490.55, "trend": 7.434856, "fair_value": 7.920685, "relative_strength": -17.868136, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.127132, "energy": 62.702393, "activity_lines": [ 6.570313, 6.67642, 6.930285, 7.151412 ] }, { "date": "2026-07-10", "close": 6.553131, "volume": 103846171, "typical_volume": 72864463.95, "trend": 7.38396, "fair_value": 7.912921, "relative_strength": -17.623354, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.671462, "energy": 60.182835, "activity_lines": [ 6.567645, 6.627613, 6.873128, 7.094527 ] }, { "date": "2026-07-17", "close": 6.760696, "volume": 131847109, "typical_volume": 76419192.5, "trend": 7.344317, "fair_value": 7.906058, "relative_strength": -9.287701, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.347048, "energy": 44.640557, "activity_lines": [ 6.631956, 6.631034, 6.841724, 7.054316 ] }, { "date": "2026-07-24", "close": 6.681623, "volume": 123592143, "typical_volume": 77326341.05, "trend": 7.301704, "fair_value": 7.898382, "relative_strength": -11.045707, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.773593, "energy": 36.728983, "activity_lines": [ 6.661196, 6.62952, 6.808166, 7.011562 ] }, { "date": "2026-07-31", "close": 6.84, "volume": 104372821, "typical_volume": 78414993.75, "trend": 7.261704, "fair_value": 7.891475, "relative_strength": -8.875145, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.186961, "energy": 27.969334, "activity_lines": [ 6.731121, 6.66459, 6.794304, 6.981774 ] }, { "date": "2026-08-07", "close": 6.74, "volume": 87765032, "typical_volume": 77999323.35, "trend": 7.222371, "fair_value": 7.883927, "relative_strength": -12.178377, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.294361, "energy": 20.732433, "activity_lines": [ 6.745293, 6.683842, 6.774632, 6.948116 ] } ], "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." } } }