{ "ticker": { "uuid": "77115795-6f3d-4e41-b526-6f132cb2ad33", "symbol": "600483", "name": "Fujian Funeng Co., Ltd.", "exchange": "SHH", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "000001.SS", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 91.061, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 31.765, "architecture_energy": 17.69, "architecture_maturity": 24.014, "architecture_confidence": 57.928, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 50.93, "rotation_up": 45.18, "upward_expansion": 61.34, "deceleration": 62.63, "rotation_down": 19.92, "downward_expansion": 16.0 }, "activity_lines": [ 10.643778, 10.580625, 10.619071, 10.530033 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.166667 }, "latest_close": 10.54, "trend_reference": 10.310768, "distance_from_trend": 0.022232, "trend_direction": "Improving", "fair_value": 9.392772, "distance_from_fair_value": 0.122139, "fair_value_direction": "Improving", "relative_strength": 4.575114, "relative_strength_direction": "Improving", "price_momentum": 0.155702, "excess_performance": 0.198906, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.022232, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.020498, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.122139, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.019452, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.045751, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.102561, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.155702, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.590206, "read": "Demand-led" } ], "volume": { "latest": 62816036, "relative_activity": 0.546926, "balance": 1.590206, "dry_up": 0.8, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.070387, "annualized_volatility": 0.305388, "from_high_reference": -0.126761, "from_low_reference": 0.16722 }, "levels": { "trend_reference": 10.310768, "fair_value_reference": 9.392772, "structural_low": 9.03, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 17, "median_return": -0.002344, "positive_rate": 0.470588, "directional_follow_through": 0.470588, "median_excess_return": -0.003165, "regime_survival": 0.647059, "best_return": 0.159812, "worst_return": -0.145783, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.040053, "positive_rate": 0.375, "directional_follow_through": 0.375, "median_excess_return": 0.022824, "regime_survival": 0.375, "best_return": 0.198044, "worst_return": -0.112603, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.039396, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": 0.041403, "regime_survival": 0.4, "best_return": 0.179302, "worst_return": -0.097087, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.049618, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.011711, "regime_survival": 0.0, "best_return": 0.196372, "worst_return": -0.061516, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-09-06", "end": "2024-10-11", "tenure": "Developing", "return": 0.017617, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-10-18", "end": "2024-12-06", "tenure": "Developing", "return": 0.044539, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-13", "end": "2025-01-17", "tenure": "Developing", "return": -0.086481, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-24", "end": "2025-04-18", "tenure": "Established", "return": 0.064835, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-04-25", "end": "2025-06-13", "tenure": "Developing", "return": 0.005113, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-20", "end": "2025-12-26", "tenure": "Extended", "return": 0.0738, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-02", "end": "2026-01-09", "tenure": "New", "return": 0.002112, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-01-16", "end": "2026-02-06", "tenure": "New", "return": -0.020277, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-02-13", "end": "2026-02-13", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-02-27", "end": "2026-03-20", "tenure": "New", "return": 0.009662, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-03-27", "end": "2026-04-24", "tenure": "Developing", "return": -0.091244, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-01", "end": "2026-05-29", "tenure": "Developing", "return": 0.147852, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-05", "end": "2026-07-03", "tenure": "Developing", "return": -0.119988, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-10", "end": "2026-08-07", "tenure": "Developing", "return": 0.053298, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 7.74953, "volume": 70924164, "typical_volume": 78512341.45, "trend": 8.334112, "fair_value": 7.7703, "relative_strength": -6.813678, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.339503, "energy": 54.28698, "activity_lines": [ 7.785163, 7.881559, 8.121549, 8.272314 ] }, { "date": "2023-08-04", "close": 7.899279, "volume": 74882503, "typical_volume": 78008888.2, "trend": 8.354766, "fair_value": 7.786995, "relative_strength": -5.28668, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.398854, "energy": 48.501203, "activity_lines": [ 7.807558, 7.859801, 8.079531, 8.24426 ] }, { "date": "2023-08-11", "close": 7.674655, "volume": 40744612, "typical_volume": 75904721.3, "trend": 8.3544, "fair_value": 7.802929, "relative_strength": -5.064007, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.05526, "energy": 53.540863, "activity_lines": [ 7.758265, 7.810206, 8.023392, 8.200382 ] }, { "date": "2023-08-18", "close": 7.655937, "volume": 43614591, "typical_volume": 74618257.35, "trend": 8.358685, "fair_value": 7.8145, "relative_strength": -3.580781, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.37328, "energy": 52.3301, "activity_lines": [ 7.722076, 7.771294, 7.972142, 8.15532 ] }, { "date": "2023-08-25", "close": 7.562343, "volume": 59314206, "typical_volume": 75298955.2, "trend": 8.331182, "fair_value": 7.824283, "relative_strength": -2.648698, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.828877, "energy": 48.922065, "activity_lines": [ 7.667168, 7.727038, 7.91569, 8.103943 ] }, { "date": "2023-09-01", "close": 7.627858, "volume": 63658615, "typical_volume": 73519474.0, "trend": 8.301045, "fair_value": 7.834317, "relative_strength": -3.825125, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.957947, "energy": 52.553405, "activity_lines": [ 7.640337, 7.699689, 7.869604, 8.058568 ] }, { "date": "2023-09-08", "close": 7.730812, "volume": 35003902, "typical_volume": 70514812.4, "trend": 8.273194, "fair_value": 7.848829, "relative_strength": -1.865272, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.684314, "energy": 42.773198, "activity_lines": [ 7.655937, 7.694735, 7.839528, 8.021778 ] }, { "date": "2023-09-15", "close": 7.899279, "volume": 57793555, "typical_volume": 65598880.8, "trend": 8.251188, "fair_value": 7.865397, "relative_strength": 0.287621, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.973037, "energy": 31.191515, "activity_lines": [ 7.738923, 7.724345, 7.829967, 7.997655 ] }, { "date": "2023-09-22", "close": 7.964795, "volume": 55959088, "typical_volume": 65876367.3, "trend": 8.228155, "fair_value": 7.882851, "relative_strength": 0.749504, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.977718, "energy": 19.319197, "activity_lines": [ 7.828772, 7.767057, 7.827528, 7.979178 ] }, { "date": "2023-09-29", "close": 7.974154, "volume": 34117828, "typical_volume": 62998058.65, "trend": 8.187314, "fair_value": 7.900323, "relative_strength": 1.515451, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.985194, "energy": 20.101524, "activity_lines": [ 7.901151, 7.80926, 7.827404, 7.962791 ] }, { "date": "2023-10-13", "close": 7.964795, "volume": 33946586, "typical_volume": 59981872.9, "trend": 8.158776, "fair_value": 7.917353, "relative_strength": 2.112487, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.569444, "energy": 16.63603, "activity_lines": [ 7.942956, 7.843974, 7.830683, 7.948435 ] }, { "date": "2023-10-20", "close": 7.777608, "volume": 45844667, "typical_volume": 59213751.2, "trend": 8.103816, "fair_value": 7.933947, "relative_strength": 3.086218, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.76995, "energy": 14.66225, "activity_lines": [ 7.899903, 7.840741, 7.818344, 7.923843 ] }, { "date": "2023-10-27", "close": 8.161341, "volume": 57086166, "typical_volume": 58314546.0, "trend": 8.073344, "fair_value": 7.952619, "relative_strength": 6.761369, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.833791, "energy": 12.208573, "activity_lines": [ 7.981642, 7.90949, 7.846536, 7.927554 ] }, { "date": "2023-11-03", "close": 8.142621, "volume": 48320301, "typical_volume": 57469831.75, "trend": 8.063577, "fair_value": 7.970068, "relative_strength": 6.010651, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.808259, "energy": 12.990985, "activity_lines": [ 8.039669, 7.965986, 7.874316, 7.932024 ] }, { "date": "2023-11-10", "close": 8.002233, "volume": 32709557, "typical_volume": 56136794.75, "trend": 8.04936, "fair_value": 7.986065, "relative_strength": 3.821099, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.266035, "energy": 14.443822, "activity_lines": [ 8.039046, 7.988108, 7.889467, 7.928066 ] }, { "date": "2023-11-17", "close": 8.236215, "volume": 50104326, "typical_volume": 56007560.6, "trend": 8.0262, "fair_value": 8.005938, "relative_strength": 6.16928, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.418387, "energy": 33.263467, "activity_lines": [ 8.114544, 8.044774, 7.926114, 7.940121 ] }, { "date": "2023-11-24", "close": 7.936716, "volume": 51456909, "typical_volume": 53189965.0, "trend": 8.001772, "fair_value": 8.024401, "relative_strength": 2.702039, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.853746, "energy": 14.438518, "activity_lines": [ 8.072115, 8.035926, 7.932304, 7.934348 ] }, { "date": "2023-12-01", "close": 8.095825, "volume": 59909882, "typical_volume": 52826140.65, "trend": 8.002143, "fair_value": 8.043289, "relative_strength": 4.94579, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.27345, "energy": 16.727312, "activity_lines": [ 8.072115, 8.052262, 7.953697, 7.940416 ] }, { "date": "2023-12-08", "close": 8.020949, "volume": 53314256, "typical_volume": 51356775.35, "trend": 7.994054, "fair_value": 8.062291, "relative_strength": 6.016119, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.984044, "energy": 13.820284, "activity_lines": [ 8.051524, 8.051411, 7.967335, 7.941629 ] }, { "date": "2023-12-15", "close": 7.908638, "volume": 40578427, "typical_volume": 50464207.05, "trend": 7.96181, "fair_value": 8.079852, "relative_strength": 5.309212, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.705918, "energy": 5.201176, "activity_lines": [ 8.001607, 8.029118, 7.969429, 7.936119 ] }, { "date": "2023-12-22", "close": 7.843123, "volume": 48477842, "typical_volume": 49341890.95, "trend": 7.942289, "fair_value": 8.096909, "relative_strength": 5.134565, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -6.676923, "energy": 7.517916, "activity_lines": [ 7.936092, 7.996105, 7.964081, 7.928461 ] }, { "date": "2023-12-29", "close": 7.740171, "volume": 53271651, "typical_volume": 48261348.35, "trend": 7.913145, "fair_value": 8.112966, "relative_strength": 1.436397, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -16.706478, "energy": 15.916497, "activity_lines": [ 7.862466, 7.946586, 7.948482, 7.915422 ] }, { "date": "2024-01-05", "close": 8.039669, "volume": 79718203, "typical_volume": 50210027.9, "trend": 7.899488, "fair_value": 8.13264, "relative_strength": 6.658519, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 18.37212, "energy": 13.698296, "activity_lines": [ 7.901775, 7.952202, 7.962165, 7.923584 ] }, { "date": "2024-01-12", "close": 7.983512, "volume": 56444982, "typical_volume": 50851547.45, "trend": 7.889004, "fair_value": 8.151105, "relative_strength": 7.316445, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 15.479633, "energy": 9.859503, "activity_lines": [ 7.926109, 7.949819, 7.968761, 7.929005 ] }, { "date": "2024-01-19", "close": 7.655937, "volume": 76982813, "typical_volume": 51734977.8, "trend": 7.882969, "fair_value": 8.164967, "relative_strength": 4.509375, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -19.772029, "energy": 17.023684, "activity_lines": [ 7.843747, 7.89077, 7.942599, 7.913969 ] }, { "date": "2024-01-26", "close": 7.946076, "volume": 80521188, "typical_volume": 52578106.45, "trend": 7.886834, "fair_value": 8.182259, "relative_strength": 5.271629, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -2.636734, "energy": 3.516301, "activity_lines": [ 7.874945, 7.890771, 7.943624, 7.91804 ] }, { "date": "2024-02-02", "close": 7.59978, "volume": 92679034, "typical_volume": 55461863.05, "trend": 7.875257, "fair_value": 8.19835, "relative_strength": 7.154048, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -18.338652, "energy": 21.866235, "activity_lines": [ 7.783847, 7.833083, 7.910154, 7.899521 ] }, { "date": "2024-02-09", "close": 7.964795, "volume": 121368117, "typical_volume": 58640591.15, "trend": 7.875257, "fair_value": 8.21695, "relative_strength": 6.850911, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 0.174756, "energy": 10.925354, "activity_lines": [ 7.823781, 7.847888, 7.91207, 7.905297 ] }, { "date": "2024-02-23", "close": 8.582511, "volume": 124257826, "typical_volume": 62055528.05, "trend": 7.899903, "fair_value": 8.239849, "relative_strength": 9.626979, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 66.114966, "energy": 32.257465, "activity_lines": [ 8.074611, 7.977387, 7.972505, 7.950927 ] }, { "date": "2024-03-01", "close": 8.59187, "volume": 112667876, "typical_volume": 65983030.45, "trend": 7.931101, "fair_value": 8.262086, "relative_strength": 8.796515, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 65.818244, "energy": 55.853224, "activity_lines": [ 8.288628, 8.098378, 8.030889, 7.99557 ] }, { "date": "2024-03-08", "close": 9.200227, "volume": 112687281, "typical_volume": 69920065.2, "trend": 7.979457, "fair_value": 8.288309, "relative_strength": 15.457516, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.179414, "energy": 78.096422, "activity_lines": [ 8.643035, 8.317556, 8.144271, 8.077449 ] }, { "date": "2024-03-15", "close": 9.237664, "volume": 116950764, "typical_volume": 73475370.05, "trend": 8.02407, "fair_value": 8.314517, "relative_strength": 15.379579, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.706575, "energy": 82.420805, "activity_lines": [ 8.92631, 8.518867, 8.255335, 8.158623 ] }, { "date": "2024-03-22", "close": 9.106633, "volume": 67951732, "typical_volume": 74018648.35, "trend": 8.071803, "fair_value": 8.338654, "relative_strength": 13.774953, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.22574, "energy": 79.826766, "activity_lines": [ 9.056717, 8.669127, 8.346967, 8.228466 ] }, { "date": "2024-03-29", "close": 9.855379, "volume": 95240495, "typical_volume": 76364658.05, "trend": 8.145118, "fair_value": 8.367506, "relative_strength": 23.100389, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.405207, "energy": 88.717658, "activity_lines": [ 9.360583, 8.936123, 8.505407, 8.343535 ] }, { "date": "2024-04-05", "close": 9.789865, "volume": 53795424, "typical_volume": 77418951.4, "trend": 8.219368, "fair_value": 8.38932, "relative_strength": 20.799138, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.720858, "energy": 85.793151, "activity_lines": [ 9.557753, 9.157174, 8.649452, 8.449648 ] }, { "date": "2024-04-12", "close": 9.72435, "volume": 68099601, "typical_volume": 78318715.15, "trend": 8.289251, "fair_value": 8.411647, "relative_strength": 21.401974, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.125715, "energy": 80.983414, "activity_lines": [ 9.653218, 9.327514, 8.778745, 8.546744 ] }, { "date": "2024-04-19", "close": 9.602678, "volume": 127359947, "typical_volume": 82113867.05, "trend": 8.351647, "fair_value": 8.432813, "relative_strength": 17.58099, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.058706, "energy": 69.782064, "activity_lines": [ 9.673185, 9.443399, 8.889363, 8.631481 ] }, { "date": "2024-04-26", "close": 9.172149, "volume": 109887623, "typical_volume": 84612754.1, "trend": 8.394076, "fair_value": 8.448885, "relative_strength": 11.223183, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.538377, "energy": 50.008404, "activity_lines": [ 9.525308, 9.44459, 8.951046, 8.684417 ] }, { "date": "2024-05-03", "close": 9.349977, "volume": 43447454, "typical_volume": 84119414.0, "trend": 8.440249, "fair_value": 8.463806, "relative_strength": 12.476245, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.88165, "energy": 38.01519, "activity_lines": [ 9.432339, 9.456162, 9.024539, 8.746088 ] }, { "date": "2024-05-10", "close": 9.499725, "volume": 79523252, "typical_volume": 86066655.25, "trend": 8.491101, "fair_value": 8.482317, "relative_strength": 12.010829, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.459635, "energy": 33.56744, "activity_lines": [ 9.422979, 9.481007, 9.105965, 8.814441 ] }, { "date": "2024-05-17", "close": 9.593319, "volume": 71349872, "typical_volume": 87210256.75, "trend": 8.545385, "fair_value": 8.503592, "relative_strength": 12.678996, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.827293, "energy": 33.076425, "activity_lines": [ 9.46416, 9.506362, 9.188728, 8.885552 ] }, { "date": "2024-05-24", "close": 10.108083, "volume": 88473451, "typical_volume": 88970346.75, "trend": 8.623068, "fair_value": 8.527997, "relative_strength": 20.747771, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 75.03053, "energy": 50.810945, "activity_lines": [ 9.685665, 9.618164, 9.312182, 8.986371 ] }, { "date": "2024-05-31", "close": 10.033208, "volume": 83858183, "typical_volume": 89177345.75, "trend": 8.685463, "fair_value": 8.547892, "relative_strength": 19.354479, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.541462, "energy": 62.868312, "activity_lines": [ 9.848517, 9.700526, 9.41723, 9.077348 ] }, { "date": "2024-06-07", "close": 10.660284, "volume": 105848315, "typical_volume": 91647512.4, "trend": 8.769385, "fair_value": 8.57257, "relative_strength": 27.559397, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.003483, "energy": 82.233805, "activity_lines": [ 10.162991, 9.880055, 9.572506, 9.204756 ] }, { "date": "2024-06-14", "close": 10.725799, "volume": 109178415, "typical_volume": 93257292.5, "trend": 8.860171, "fair_value": 8.598135, "relative_strength": 28.302808, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.326164, "energy": 85.80961, "activity_lines": [ 10.411949, 10.056862, 9.721275, 9.330976 ] }, { "date": "2024-06-21", "close": 10.744515, "volume": 77319814, "typical_volume": 93097223.8, "trend": 8.943781, "fair_value": 8.624795, "relative_strength": 29.090649, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.264808, "energy": 83.368866, "activity_lines": [ 10.585408, 10.220054, 9.857208, 9.452546 ] }, { "date": "2024-06-28", "close": 10.912985, "volume": 63362985, "typical_volume": 91631421.35, "trend": 9.04299, "fair_value": 8.652493, "relative_strength": 31.305393, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.32694, "energy": 84.033724, "activity_lines": [ 10.738277, 10.395329, 9.995859, 9.579592 ] }, { "date": "2024-07-05", "close": 11.015938, "volume": 53308503, "typical_volume": 88228440.65, "trend": 9.140327, "fair_value": 8.679451, "relative_strength": 32.162301, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.337008, "energy": 73.209341, "activity_lines": [ 10.871804, 10.565499, 10.128539, 9.706879 ] }, { "date": "2024-07-12", "close": 10.939038, "volume": 78975499, "typical_volume": 85964324.3, "trend": 9.237597, "fair_value": 8.703371, "relative_strength": 29.240886, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.287425, "energy": 58.671671, "activity_lines": [ 10.914182, 10.688163, 10.239366, 9.822925 ] }, { "date": "2024-07-19", "close": 11.006326, "volume": 59762533, "typical_volume": 83319057.15, "trend": 9.340853, "fair_value": 8.727721, "relative_strength": 28.515462, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.355743, "energy": 56.4636, "activity_lines": [ 10.960405, 10.79417, 10.345379, 9.937036 ] }, { "date": "2024-07-26", "close": 10.852525, "volume": 75065906, "typical_volume": 81437988.4, "trend": 9.441166, "fair_value": 8.749983, "relative_strength": 29.571133, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.65065, "energy": 50.722573, "activity_lines": [ 10.93666, 10.84482, 10.425248, 10.034563 ] }, { "date": "2024-08-02", "close": 10.179649, "volume": 59969259, "typical_volume": 78588913.15, "trend": 9.522482, "fair_value": 8.770816, "relative_strength": 20.067157, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.18752, "energy": 33.000615, "activity_lines": [ 10.681422, 10.750234, 10.433165, 10.082208 ] }, { "date": "2024-08-09", "close": 9.852824, "volume": 68908959, "typical_volume": 78636774.5, "trend": 9.582921, "fair_value": 8.788706, "relative_strength": 17.132871, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.505311, "energy": 17.689468, "activity_lines": [ 10.366132, 10.594925, 10.40547, 10.10352 ] }, { "date": "2024-08-16", "close": 9.641348, "volume": 40138539, "typical_volume": 75881676.7, "trend": 9.638182, "fair_value": 8.802228, "relative_strength": 13.231803, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.159992, "energy": 18.997437, "activity_lines": [ 10.057891, 10.404444, 10.354081, 10.107289 ] }, { "date": "2024-08-23", "close": 9.57406, "volume": 60667486, "typical_volume": 76225279.8, "trend": 9.702119, "fair_value": 8.812306, "relative_strength": 12.733962, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.498254, "energy": 26.024216, "activity_lines": [ 9.813732, 10.220256, 10.297303, 10.103153 ] }, { "date": "2024-08-30", "close": 9.535611, "volume": 60639350, "typical_volume": 75852267.25, "trend": 9.755104, "fair_value": 8.823847, "relative_strength": 12.101623, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -26.006477, "energy": 34.910767, "activity_lines": [ 9.652242, 10.050018, 10.237891, 10.09241 ] }, { "date": "2024-09-06", "close": 9.276073, "volume": 56216145, "typical_volume": 72295077.15, "trend": 9.81098, "fair_value": 8.823989, "relative_strength": 11.428846, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.702013, "energy": 51.525778, "activity_lines": [ 9.492034, 9.854571, 10.154659, 10.061505 ] }, { "date": "2024-09-13", "close": 8.622422, "volume": 73195865, "typical_volume": 70460489.25, "trend": 9.832901, "fair_value": 8.823461, "relative_strength": 5.432808, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.132251, "energy": 67.444077, "activity_lines": [ 9.17418, 9.570041, 10.010731, 9.984824 ] }, { "date": "2024-09-20", "close": 8.699324, "volume": 33890491, "typical_volume": 69982641.1, "trend": 9.836795, "fair_value": 8.825903, "relative_strength": 4.636706, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.096751, "energy": 71.096987, "activity_lines": [ 8.963987, 9.343011, 9.876744, 9.91169 ] }, { "date": "2024-09-27", "close": 9.362586, "volume": 99298180, "typical_volume": 70971387.5, "trend": 9.862485, "fair_value": 8.831597, "relative_strength": -0.491637, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.436907, "energy": 60.088127, "activity_lines": [ 9.037683, 9.277297, 9.809023, 9.881096 ] }, { "date": "2024-10-04", "close": 9.977787, "volume": 71887373, "typical_volume": 70998262.55, "trend": 9.888404, "fair_value": 8.832283, "relative_strength": -2.142812, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.667341, "energy": 30.164646, "activity_lines": [ 9.330545, 9.353323, 9.800546, 9.888534 ] }, { "date": "2024-10-11", "close": 9.439486, "volume": 219521993, "typical_volume": 77550689.65, "trend": 9.895132, "fair_value": 8.824955, "relative_strength": -4.228325, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -40.931231, "energy": 25.14536, "activity_lines": [ 9.414494, 9.347381, 9.738972, 9.859572 ] }, { "date": "2024-10-18", "close": 9.064599, "volume": 129298691, "typical_volume": 79822715.05, "trend": 9.89373, "fair_value": 8.810313, "relative_strength": -9.381434, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.364231, "energy": 23.007527, "activity_lines": [ 9.362586, 9.286735, 9.644877, 9.805989 ] }, { "date": "2024-10-25", "close": 9.304911, "volume": 177304293, "typical_volume": 83395513.95, "trend": 9.875381, "fair_value": 8.793257, "relative_strength": -8.176596, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.471772, "energy": 19.096467, "activity_lines": [ 9.361305, 9.284113, 9.578282, 9.768001 ] }, { "date": "2024-11-01", "close": 8.99731, "volume": 109797894, "typical_volume": 83426487.9, "trend": 9.848963, "fair_value": 8.771665, "relative_strength": -10.486238, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.736103, "energy": 34.741907, "activity_lines": [ 9.217117, 9.231681, 9.488846, 9.711351 ] }, { "date": "2024-11-08", "close": 9.26646, "volume": 129766504, "typical_volume": 86048822.4, "trend": 9.8337, "fair_value": 8.759708, "relative_strength": -12.621476, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.912422, "energy": 33.127682, "activity_lines": [ 9.186997, 9.238672, 9.433274, 9.67377 ] }, { "date": "2024-11-15", "close": 9.189561, "volume": 131317827, "typical_volume": 89446564.5, "trend": 9.819929, "fair_value": 8.754558, "relative_strength": -10.254451, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.477268, "energy": 30.697391, "activity_lines": [ 9.178666, 9.236575, 9.377417, 9.632213 ] }, { "date": "2024-11-22", "close": 9.199173, "volume": 212345799, "typical_volume": 97398429.3, "trend": 9.82083, "fair_value": 8.749731, "relative_strength": -8.481727, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.173528, "energy": 29.065526, "activity_lines": [ 9.190201, 9.237798, 9.330682, 9.592164 ] }, { "date": "2024-11-29", "close": 9.093436, "volume": 100821208, "typical_volume": 98490714.75, "trend": 9.812279, "fair_value": 8.730624, "relative_strength": -11.214079, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.067186, "energy": 27.14616, "activity_lines": [ 9.157519, 9.20931, 9.282527, 9.545235 ] }, { "date": "2024-12-06", "close": 9.468324, "volume": 151744942, "typical_volume": 103089835.2, "trend": 9.811232, "fair_value": 8.718701, "relative_strength": -9.724332, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.629066, "energy": 18.165892, "activity_lines": [ 9.263898, 9.241818, 9.278866, 9.523045 ] }, { "date": "2024-12-13", "close": 9.670187, "volume": 131889876, "typical_volume": 105931033.7, "trend": 9.813794, "fair_value": 8.715068, "relative_strength": -7.554604, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.285974, "energy": 8.558859, "activity_lines": [ 9.406163, 9.309106, 9.301753, 9.513945 ] }, { "date": "2024-12-20", "close": 9.622124, "volume": 107258120, "typical_volume": 108295476.75, "trend": 9.797596, "fair_value": 8.712735, "relative_strength": -7.461462, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.127906, "energy": 9.649278, "activity_lines": [ 9.505492, 9.373247, 9.325692, 9.501579 ] }, { "date": "2024-12-27", "close": 9.660574, "volume": 100471999, "typical_volume": 109873628.75, "trend": 9.785175, "fair_value": 8.712691, "relative_strength": -8.054215, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.806617, "energy": 12.839486, "activity_lines": [ 9.588801, 9.441059, 9.355949, 9.492739 ] }, { "date": "2025-01-03", "close": 9.151112, "volume": 60204665, "typical_volume": 110876935.05, "trend": 9.734869, "fair_value": 8.699516, "relative_strength": -7.927001, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.270503, "energy": 12.93395, "activity_lines": [ 9.471528, 9.405406, 9.338601, 9.451832 ] }, { "date": "2025-01-10", "close": 8.680097, "volume": 76532850, "typical_volume": 111670203.25, "trend": 9.666679, "fair_value": 8.683365, "relative_strength": -11.480591, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.993887, "energy": 25.470569, "activity_lines": [ 9.193406, 9.28691, 9.278728, 9.383782 ] }, { "date": "2025-01-17", "close": 8.833898, "volume": 56054959, "typical_volume": 111440983.7, "trend": 9.602992, "fair_value": 8.663594, "relative_strength": -11.924284, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.48948, "energy": 46.435881, "activity_lines": [ 9.019099, 9.202145, 9.237761, 9.330054 ] }, { "date": "2025-01-24", "close": 8.747386, "volume": 60486637, "typical_volume": 111654508.3, "trend": 9.530805, "fair_value": 8.645658, "relative_strength": -13.069099, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.79549, "energy": 58.749262, "activity_lines": [ 8.871707, 9.109515, 9.191895, 9.274854 ] }, { "date": "2025-01-31", "close": 8.824286, "volume": 11650498, "typical_volume": 108577239.95, "trend": 9.45775, "fair_value": 8.631475, "relative_strength": -12.241659, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.82541, "energy": 62.447575, "activity_lines": [ 8.808265, 9.038907, 9.155871, 9.229272 ] }, { "date": "2025-02-07", "close": 8.824286, "volume": 41151762, "typical_volume": 108940303.5, "trend": 9.387258, "fair_value": 8.626592, "relative_strength": -13.590816, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.059063, "energy": 57.607002, "activity_lines": [ 8.800575, 8.975115, 9.118886, 9.188403 ] }, { "date": "2025-02-14", "close": 8.814672, "volume": 53890961, "typical_volume": 106669942.55, "trend": 9.314203, "fair_value": 8.624819, "relative_strength": -14.718331, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.908057, "energy": 47.371719, "activity_lines": [ 8.811469, 8.914468, 9.08039, 9.151462 ] }, { "date": "2025-02-21", "close": 8.88196, "volume": 87924365, "typical_volume": 107471792.15, "trend": 9.248518, "fair_value": 8.621913, "relative_strength": -14.770146, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.892158, "energy": 33.902707, "activity_lines": [ 8.83582, 8.877941, 9.050912, 9.123576 ] }, { "date": "2025-02-28", "close": 8.699324, "volume": 67762616, "typical_volume": 99883823.3, "trend": 9.199173, "fair_value": 8.622009, "relative_strength": -14.943257, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.240719, "energy": 36.341275, "activity_lines": [ 8.796089, 8.822538, 9.009258, 9.088144 ] }, { "date": "2025-03-07", "close": 8.526298, "volume": 85759424, "typical_volume": 97706859.95, "trend": 9.154956, "fair_value": 8.620343, "relative_strength": -17.658597, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.149826, "energy": 49.070246, "activity_lines": [ 8.701886, 8.752454, 8.95465, 9.044733 ] }, { "date": "2025-03-14", "close": 8.795447, "volume": 83907198, "typical_volume": 93037005.2, "trend": 9.126759, "fair_value": 8.619186, "relative_strength": -15.98933, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.149075, "energy": 43.537195, "activity_lines": [ 8.717266, 8.751929, 8.928238, 9.021538 ] }, { "date": "2025-03-21", "close": 8.814672, "volume": 78831269, "typical_volume": 91488673.95, "trend": 9.101446, "fair_value": 8.614545, "relative_strength": -14.23796, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.473873, "energy": 42.949133, "activity_lines": [ 8.740977, 8.761367, 8.906083, 9.001404 ] }, { "date": "2025-03-28", "close": 8.862736, "volume": 81786797, "typical_volume": 89089688.6, "trend": 9.079017, "fair_value": 8.614602, "relative_strength": -13.096205, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.562153, "energy": 27.963877, "activity_lines": [ 8.780709, 8.777097, 8.889376, 8.986003 ] }, { "date": "2025-04-04", "close": 9.131886, "volume": 71636311, "typical_volume": 86105612.8, "trend": 9.074211, "fair_value": 8.622642, "relative_strength": -9.947741, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.181057, "energy": 16.429992, "activity_lines": [ 8.911439, 8.841238, 8.900224, 8.989414 ] }, { "date": "2025-04-11", "close": 9.103048, "volume": 143381734, "typical_volume": 82657409.55, "trend": 9.090232, "fair_value": 8.631887, "relative_strength": -7.114152, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.427478, "energy": 17.173203, "activity_lines": [ 9.003719, 8.893146, 8.908601, 8.991274 ] }, { "date": "2025-04-18", "close": 9.314523, "volume": 75539959, "typical_volume": 81393347.1, "trend": 9.110738, "fair_value": 8.644096, "relative_strength": -5.89963, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 29.809606, "energy": 30.517344, "activity_lines": [ 9.128041, 8.978435, 8.937576, 9.005745 ] }, { "date": "2025-04-25", "close": 9.401036, "volume": 68991084, "typical_volume": 77255654.2, "trend": 9.11202, "fair_value": 8.655817, "relative_strength": -5.48382, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 34.263284, "energy": 46.314339, "activity_lines": [ 9.246595, 9.07054, 8.973737, 9.024474 ] }, { "date": "2025-05-02", "close": 9.208785, "volume": 78732433, "typical_volume": 74597782.05, "trend": 9.086387, "fair_value": 8.668435, "relative_strength": -6.843589, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 21.269675, "energy": 41.151369, "activity_lines": [ 9.261975, 9.11703, 8.991909, 9.030717 ] }, { "date": "2025-05-09", "close": 9.372199, "volume": 78508189, "typical_volume": 73160285.5, "trend": 9.084144, "fair_value": 8.680449, "relative_strength": -6.853797, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 27.897216, "energy": 47.655658, "activity_lines": [ 9.308756, 9.187289, 9.027842, 9.049156 ] }, { "date": "2025-05-16", "close": 9.333749, "volume": 56922293, "typical_volume": 70982800.2, "trend": 9.093115, "fair_value": 8.688566, "relative_strength": -7.778399, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 22.905256, "energy": 33.428459, "activity_lines": [ 9.326699, 9.238322, 9.061302, 9.06526 ] }, { "date": "2025-05-23", "close": 9.179949, "volume": 57104909, "typical_volume": 70827812.4, "trend": 9.08895, "fair_value": 8.692481, "relative_strength": -8.470032, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 26.690125, "energy": 22.619866, "activity_lines": [ 9.277996, 9.246712, 9.081672, 9.070862 ] }, { "date": "2025-05-30", "close": 9.429874, "volume": 49563441, "typical_volume": 69479341.95, "trend": 9.103369, "fair_value": 8.702083, "relative_strength": -5.690877, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.153263, "energy": 27.357122, "activity_lines": [ 9.321573, 9.293551, 9.125706, 9.092857 ] }, { "date": "2025-06-06", "close": 9.256848, "volume": 44327859, "typical_volume": 68892986.95, "trend": 9.103048, "fair_value": 8.708534, "relative_strength": -8.007247, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.127595, "energy": 19.876172, "activity_lines": [ 9.305552, 9.297745, 9.149692, 9.102759 ] }, { "date": "2025-06-13", "close": 9.449099, "volume": 59519625, "typical_volume": 68844636.35, "trend": 9.1117, "fair_value": 8.713262, "relative_strength": -5.41211, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 60.032483, "energy": 33.618461, "activity_lines": [ 9.35041, 9.329729, 9.189973, 9.125085 ] }, { "date": "2025-06-20", "close": 9.256848, "volume": 59325952, "typical_volume": 71228409.05, "trend": 9.113622, "fair_value": 8.718235, "relative_strength": -6.360537, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.248731, "energy": 28.959078, "activity_lines": [ 9.326058, 9.32099, 9.208603, 9.134449 ] }, { "date": "2025-06-27", "close": 9.285686, "volume": 72068266, "typical_volume": 72774234.25, "trend": 9.12003, "fair_value": 8.721089, "relative_strength": -7.247997, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.379535, "energy": 23.930212, "activity_lines": [ 9.316446, 9.314698, 9.227919, 9.14555 ] }, { "date": "2025-07-04", "close": 9.449099, "volume": 66044880, "typical_volume": 73381930.2, "trend": 9.11939, "fair_value": 8.723948, "relative_strength": -6.298579, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.218589, "energy": 29.454825, "activity_lines": [ 9.354255, 9.338642, 9.260602, 9.16678 ] }, { "date": "2025-07-11", "close": 9.427076, "volume": 92436111, "typical_volume": 73607517.5, "trend": 9.111286, "fair_value": 8.72897, "relative_strength": -6.9113, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.93219, "energy": 29.361922, "activity_lines": [ 9.383442, 9.357708, 9.288166, 9.186631 ] }, { "date": "2025-07-18", "close": 9.417153, "volume": 75419098, "typical_volume": 73990341.6, "trend": 9.104454, "fair_value": 8.730668, "relative_strength": -7.012715, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.109317, "energy": 34.89602, "activity_lines": [ 9.397972, 9.371001, 9.312189, 9.206364 ] }, { "date": "2025-07-25", "close": 9.486617, "volume": 103246566, "typical_volume": 74864698.7, "trend": 9.098655, "fair_value": 8.730552, "relative_strength": -7.175049, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.474936, "energy": 45.724266, "activity_lines": [ 9.437787, 9.396106, 9.33941, 9.23102 ] }, { "date": "2025-08-01", "close": 9.37746, "volume": 99704386, "typical_volume": 75654558.1, "trend": 9.1062, "fair_value": 8.730856, "relative_strength": -6.826533, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.147762, "energy": 37.784055, "activity_lines": [ 9.425899, 9.398585, 9.351662, 9.249007 ] }, { "date": "2025-08-08", "close": 9.824006, "volume": 107572662, "typical_volume": 77091627.75, "trend": 9.14433, "fair_value": 8.7398, "relative_strength": -3.924794, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.575152, "energy": 57.850068, "activity_lines": [ 9.55674, 9.478663, 9.40367, 9.295318 ] }, { "date": "2025-08-15", "close": 9.635465, "volume": 92551290, "typical_volume": 77629852.4, "trend": 9.171049, "fair_value": 8.748946, "relative_strength": -6.867577, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.279852, "energy": 54.513042, "activity_lines": [ 9.599741, 9.517295, 9.432916, 9.327004 ] }, { "date": "2025-08-22", "close": 9.635465, "volume": 86839905, "typical_volume": 78390032.1, "trend": 9.200652, "fair_value": 8.758667, "relative_strength": -9.487897, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.409716, "energy": 52.910985, "activity_lines": [ 9.628849, 9.549043, 9.458482, 9.356966 ] }, { "date": "2025-08-29", "close": 9.595772, "volume": 106879144, "typical_volume": 76564902.6, "trend": 9.226368, "fair_value": 8.770117, "relative_strength": -10.073078, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.390382, "energy": 50.759229, "activity_lines": [ 9.630172, 9.570186, 9.47787, 9.382458 ] }, { "date": "2025-09-05", "close": 9.55, "volume": 83812317, "typical_volume": 76978520.5, "trend": 9.250558, "fair_value": 8.779466, "relative_strength": -8.898244, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.180962, "energy": 33.190029, "activity_lines": [ 9.608961, 9.576844, 9.490552, 9.403337 ] }, { "date": "2025-09-12", "close": 9.88, "volume": 94379791, "typical_volume": 78247955.85, "trend": 9.286069, "fair_value": 8.78771, "relative_strength": -6.749727, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.395107, "energy": 41.496717, "activity_lines": [ 9.686247, 9.638697, 9.533542, 9.443946 ] }, { "date": "2025-09-19", "close": 9.74, "volume": 69561980, "typical_volume": 77789433.2, "trend": 9.314671, "fair_value": 8.79466, "relative_strength": -6.442218, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.261082, "energy": 37.232943, "activity_lines": [ 9.713134, 9.66726, 9.560917, 9.473232 ] }, { "date": "2025-09-26", "close": 9.71, "volume": 77963128, "typical_volume": 77762180.15, "trend": 9.34836, "fair_value": 8.803888, "relative_strength": -6.598877, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.868777, "energy": 36.373698, "activity_lines": [ 9.723051, 9.684679, 9.582906, 9.498737 ] }, { "date": "2025-10-03", "close": 9.83, "volume": 38121254, "typical_volume": 76822128.2, "trend": 9.391817, "fair_value": 8.810886, "relative_strength": -6.472104, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.606346, "energy": 46.891485, "activity_lines": [ 9.768, 9.718592, 9.614715, 9.529811 ] }, { "date": "2025-10-10", "close": 10.18, "volume": 118156607, "typical_volume": 79874713.1, "trend": 9.437968, "fair_value": 8.826434, "relative_strength": -3.275405, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.929388, "energy": 64.195126, "activity_lines": [ 9.914, 9.809899, 9.677494, 9.580661 ] }, { "date": "2025-10-17", "close": 9.8, "volume": 192283464, "typical_volume": 87010714.25, "trend": 9.470813, "fair_value": 8.838665, "relative_strength": -5.344093, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.948749, "energy": 44.717868, "activity_lines": [ 9.891333, 9.817522, 9.69932, 9.604018 ] }, { "date": "2025-10-24", "close": 9.86, "volume": 101274109, "typical_volume": 89858026.75, "trend": 9.504055, "fair_value": 8.85472, "relative_strength": -7.215558, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.712181, "energy": 39.303668, "activity_lines": [ 9.894, 9.836491, 9.725098, 9.629127 ] }, { "date": "2025-10-31", "close": 10.11, "volume": 131781590, "typical_volume": 93471125.0, "trend": 9.536659, "fair_value": 8.870305, "relative_strength": -4.839182, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.32301, "energy": 46.608217, "activity_lines": [ 9.972, 9.896832, 9.771814, 9.66822 ] }, { "date": "2025-11-07", "close": 10.55, "volume": 174160906, "typical_volume": 99212872.7, "trend": 9.58489, "fair_value": 8.88677, "relative_strength": -1.728321, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.555872, "energy": 57.902706, "activity_lines": [ 10.17, 10.028545, 9.857287, 9.733597 ] }, { "date": "2025-11-14", "close": 10.46, "volume": 85007837, "typical_volume": 99859851.25, "trend": 9.623073, "fair_value": 8.906539, "relative_strength": -2.297774, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.811283, "energy": 71.395592, "activity_lines": [ 10.29, 10.126545, 9.928031, 9.790056 ] }, { "date": "2025-11-21", "close": 9.94, "volume": 77753224, "typical_volume": 100445268.45, "trend": 9.641038, "fair_value": 8.920814, "relative_strength": -3.232554, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.970554, "energy": 54.288816, "activity_lines": [ 10.218, 10.113455, 9.943659, 9.810503 ] }, { "date": "2025-11-28", "close": 9.88, "volume": 63170788, "typical_volume": 98982002.3, "trend": 9.663412, "fair_value": 8.933954, "relative_strength": -5.013483, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.310703, "energy": 37.593464, "activity_lines": [ 10.116667, 10.088364, 9.951235, 9.82592 ] }, { "date": "2025-12-05", "close": 10.17, "volume": 79479457, "typical_volume": 99185020.25, "trend": 9.690006, "fair_value": 8.949571, "relative_strength": -2.458287, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.916039, "energy": 26.872976, "activity_lines": [ 10.110667, 10.113455, 9.984273, 9.858603 ] }, { "date": "2025-12-12", "close": 10.15, "volume": 126540265, "typical_volume": 100349705.2, "trend": 9.717214, "fair_value": 8.964221, "relative_strength": -2.143182, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.385877, "energy": 19.726541, "activity_lines": [ 10.094, 10.126545, 10.011822, 9.88828 ] }, { "date": "2025-12-19", "close": 9.94, "volume": 75112593, "typical_volume": 99120115.55, "trend": 9.742549, "fair_value": 8.978187, "relative_strength": -3.985935, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 35.21375, "energy": 17.228066, "activity_lines": [ 10.034, 10.095636, 10.016212, 9.902653 ] }, { "date": "2025-12-26", "close": 9.94, "volume": 69187898, "typical_volume": 97200877.35, "trend": 9.759553, "fair_value": 8.994314, "relative_strength": -5.532194, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 33.109841, "energy": 15.488226, "activity_lines": [ 10.008667, 10.069091, 10.017922, 9.915392 ] }, { "date": "2026-01-02", "close": 9.47, "volume": 62551865, "typical_volume": 95700906.1, "trend": 9.766658, "fair_value": 9.008046, "relative_strength": -9.813228, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -3.750581, "energy": 11.573481, "activity_lines": [ 9.826667, 9.954545, 9.974319, 9.896711 ] }, { "date": "2026-01-09", "close": 9.49, "volume": 84348315, "typical_volume": 95576326.6, "trend": 9.768022, "fair_value": 9.023802, "relative_strength": -12.670675, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.715119, "energy": 27.066004, "activity_lines": [ 9.678667, 9.850727, 9.933408, 9.878862 ] }, { "date": "2026-01-16", "close": 9.37, "volume": 166642912, "typical_volume": 98564515.0, "trend": 9.771793, "fair_value": 9.037202, "relative_strength": -13.106577, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.451942, "energy": 48.621604, "activity_lines": [ 9.536, 9.736364, 9.881762, 9.853183 ] }, { "date": "2026-01-23", "close": 9.47, "volume": 86464791, "typical_volume": 98697138.7, "trend": 9.777937, "fair_value": 9.04864, "relative_strength": -12.651005, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.674685, "energy": 51.920041, "activity_lines": [ 9.478667, 9.661636, 9.840714, 9.833713 ] }, { "date": "2026-01-30", "close": 9.12, "volume": 108006492, "typical_volume": 99378473.75, "trend": 9.766967, "fair_value": 9.058849, "relative_strength": -15.19614, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.046512, "energy": 63.899707, "activity_lines": [ 9.336, 9.541273, 9.766714, 9.791265 ] }, { "date": "2026-02-06", "close": 9.18, "volume": 73389594, "typical_volume": 99569854.45, "trend": 9.758731, "fair_value": 9.06393, "relative_strength": -13.274948, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -71.364179, "energy": 74.662427, "activity_lines": [ 9.268, 9.446727, 9.702048, 9.753396 ] }, { "date": "2026-02-13", "close": 9.13, "volume": 58012048, "typical_volume": 98572300.45, "trend": 9.749159, "fair_value": 9.067763, "relative_strength": -13.842959, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.903353, "energy": 74.478502, "activity_lines": [ 9.202667, 9.355818, 9.635286, 9.712833 ] }, { "date": "2026-02-27", "close": 10.35, "volume": 252346904, "typical_volume": 109283582.95, "trend": 9.777939, "fair_value": 9.079197, "relative_strength": -4.125092, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -17.294413, "energy": 17.477942, "activity_lines": [ 9.568, 9.505636, 9.687476, 9.751597 ] }, { "date": "2026-03-06", "close": 10.44, "volume": 182930949, "typical_volume": 112522300.05, "trend": 9.813357, "fair_value": 9.091252, "relative_strength": -2.320357, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 18.227969, "energy": 22.919677, "activity_lines": [ 9.898, 9.668182, 9.745762, 9.794311 ] }, { "date": "2026-03-13", "close": 11.04, "volume": 206716727, "typical_volume": 113243963.2, "trend": 9.85389, "fair_value": 9.106535, "relative_strength": 3.88928, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 71.394725, "energy": 55.824603, "activity_lines": [ 10.363333, 9.930727, 9.859952, 9.873449 ] }, { "date": "2026-03-20", "close": 10.45, "volume": 132996511, "typical_volume": 114830083.3, "trend": 9.881041, "fair_value": 9.114552, "relative_strength": 1.724661, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 58.980307, "energy": 54.351143, "activity_lines": [ 10.504, 10.066, 9.912048, 9.911908 ] }, { "date": "2026-03-27", "close": 10.85, "volume": 206040330, "typical_volume": 118543020.3, "trend": 9.921526, "fair_value": 9.127559, "relative_strength": 6.667115, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.846531, "energy": 75.623507, "activity_lines": [ 10.693333, 10.256182, 9.999429, 9.974421 ] }, { "date": "2026-04-03", "close": 10.22, "volume": 141479553, "typical_volume": 116908952.65, "trend": 9.942333, "fair_value": 9.132646, "relative_strength": 1.352257, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.394522, "energy": 61.992196, "activity_lines": [ 10.558, 10.307091, 10.023286, 9.993677 ] }, { "date": "2026-04-10", "close": 10.34, "volume": 96848312, "typical_volume": 117500976.4, "trend": 9.968667, "fair_value": 9.140752, "relative_strength": -0.085338, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.787113, "energy": 36.823907, "activity_lines": [ 10.471333, 10.364364, 10.060143, 10.019333 ] }, { "date": "2026-04-17", "close": 10.22, "volume": 117533025, "typical_volume": 119489966.45, "trend": 9.98, "fair_value": 9.15219, "relative_strength": -2.626035, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.415712, "energy": 24.868603, "activity_lines": [ 10.351333, 10.384, 10.086143, 10.035548 ] }, { "date": "2026-04-24", "close": 9.86, "volume": 161397290, "typical_volume": 124401291.55, "trend": 9.984, "fair_value": 9.161365, "relative_strength": -6.415826, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 24.010804, "energy": 16.243624, "activity_lines": [ 10.166, 10.318182, 10.076524, 10.027806 ] }, { "date": "2026-05-01", "close": 10.01, "volume": 102871797, "typical_volume": 125570908.55, "trend": 9.994, "fair_value": 9.168281, "relative_strength": -5.442537, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.648014, "energy": 16.935276, "activity_lines": [ 10.07, 10.267273, 10.081286, 10.029484 ] }, { "date": "2026-05-08", "close": 10.12, "volume": 85397021, "typical_volume": 123513746.35, "trend": 10.003667, "fair_value": 9.177579, "relative_strength": -5.681022, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.73589, "energy": 16.260998, "activity_lines": [ 10.066667, 10.220364, 10.097286, 10.037613 ] }, { "date": "2026-05-15", "close": 10.6, "volume": 187234071, "typical_volume": 129119820.25, "trend": 10.017667, "fair_value": 9.193703, "relative_strength": 0.037936, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.143445, "energy": 17.385009, "activity_lines": [ 10.23, 10.264909, 10.159143, 10.076086 ] }, { "date": "2026-05-22", "close": 10.75, "volume": 211467280, "typical_volume": 136233789.35, "trend": 10.049333, "fair_value": 9.209641, "relative_strength": 2.129461, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 52.799244, "energy": 27.024408, "activity_lines": [ 10.426, 10.333818, 10.232143, 10.123333 ] }, { "date": "2026-05-29", "close": 11.49, "volume": 208918080, "typical_volume": 143552100.1, "trend": 10.103667, "fair_value": 9.226398, "relative_strength": 10.280794, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 70.61447, "energy": 61.169962, "activity_lines": [ 10.833333, 10.542545, 10.371762, 10.21628 ] }, { "date": "2026-06-05", "close": 11.58, "volume": 52619419, "typical_volume": 141965655.3, "trend": 10.152667, "fair_value": 9.246598, "relative_strength": 12.222459, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.68092, "energy": 72.364307, "activity_lines": [ 11.162, 10.748727, 10.510333, 10.311527 ] }, { "date": "2026-06-12", "close": 11.235723, "volume": 39529758, "typical_volume": 135609997.6, "trend": 10.175524, "fair_value": 9.263401, "relative_strength": 8.741111, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.502513, "energy": 71.115669, "activity_lines": [ 11.271241, 10.879041, 10.606164, 10.381401 ] }, { "date": "2026-06-19", "close": 10.80023, "volume": 153943577, "typical_volume": 138983936.9, "trend": 10.186865, "fair_value": 9.27847, "relative_strength": 3.141579, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.666728, "energy": 64.843988, "activity_lines": [ 11.160936, 10.911706, 10.651635, 10.421705 ] }, { "date": "2026-06-26", "close": 10.209895, "volume": 34620034, "typical_volume": 135314614.0, "trend": 10.195862, "fair_value": 9.290726, "relative_strength": -0.80169, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.501894, "energy": 28.583264, "activity_lines": [ 10.840504, 10.828669, 10.634549, 10.423191 ] }, { "date": "2026-07-03", "close": 10.190539, "volume": 30066389, "typical_volume": 133148453.75, "trend": 10.206213, "fair_value": 9.305813, "relative_strength": -1.248386, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 19.812211, "energy": 15.996029, "activity_lines": [ 10.549627, 10.742297, 10.61043, 10.422847 ] }, { "date": "2026-07-10", "close": 10.006665, "volume": 99561097, "typical_volume": 135225906.2, "trend": 10.200768, "fair_value": 9.319765, "relative_strength": -1.717202, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.792076, "energy": 20.327136, "activity_lines": [ 10.28409, 10.616484, 10.563986, 10.409973 ] }, { "date": "2026-07-17", "close": 10.7, "volume": 122158512, "typical_volume": 128716486.6, "trend": 10.219102, "fair_value": 9.337412, "relative_strength": 11.437999, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.025002, "energy": 22.169597, "activity_lines": [ 10.354553, 10.616792, 10.5794, 10.442182 ] }, { "date": "2026-07-24", "close": 10.69, "volume": 114358346, "typical_volume": 125287856.45, "trend": 10.244102, "fair_value": 9.354881, "relative_strength": 9.758674, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.527041, "energy": 17.252758, "activity_lines": [ 10.457398, 10.604736, 10.592195, 10.472562 ] }, { "date": "2026-07-31", "close": 10.87, "volume": 68196320, "typical_volume": 118361836.1, "trend": 10.275102, "fair_value": 9.374284, "relative_strength": 10.91649, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 46.079376, "energy": 18.237032, "activity_lines": [ 10.627591, 10.623772, 10.620943, 10.512943 ] }, { "date": "2026-08-07", "close": 10.54, "volume": 62816036, "typical_volume": 114852812.35, "trend": 10.310768, "fair_value": 9.392772, "relative_strength": 4.575114, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.76488, "energy": 17.690021, "activity_lines": [ 10.643778, 10.580625, 10.619071, 10.530033 ] } ], "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." } } }