{ "ticker": { "uuid": "795205d0-ae27-44e4-bf1f-233c11e4a526", "symbol": "300795", "name": "Zhejiang Meorient Commerce Exhibition Inc.", "exchange": "SHZ", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "399001.SZ", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 49.587, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Value reclamation", "architecture_gate": "mixed", "architecture_direction": 42.116, "architecture_energy": 49.243, "architecture_maturity": 54.0, "architecture_confidence": 95.395, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 20.29, "rotation_up": 71.91, "upward_expansion": 44.33, "deceleration": 44.39, "rotation_down": 19.36, "downward_expansion": 24.0 }, "activity_lines": [ 13.73, 11.799091, 11.032086, 11.21367 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.166667 }, "latest_close": 15.52, "trend_reference": 11.717843, "distance_from_trend": 0.324476, "trend_direction": "Weakening", "fair_value": 14.338514, "distance_from_fair_value": 0.082399, "fair_value_direction": "Improving", "relative_strength": 15.638813, "relative_strength_direction": "Improving", "price_momentum": 0.121757, "excess_performance": 0.114357, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.324476, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.081714, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.082399, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.342204, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.156388, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.511987, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.121757, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.789103, "read": "Demand-led" } ], "volume": { "latest": 240469351, "relative_activity": 4.681532, "balance": 1.789103, "dry_up": 3.564231, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.129362, "annualized_volatility": 0.723944, "from_high_reference": -0.123164, "from_low_reference": 0.957125 }, "levels": { "trend_reference": 11.717843, "fair_value_reference": 14.338514, "structural_low": 7.93, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 7, "median_return": -0.034483, "positive_rate": 0.285714, "directional_follow_through": 0.285714, "median_excess_return": -0.037845, "regime_survival": 0.428571, "best_return": 0.158488, "worst_return": -0.130305, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": 0.009701, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.014418, "regime_survival": 0.0, "best_return": 0.654907, "worst_return": -0.084807, "sufficient": false }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.056765, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.166037, "regime_survival": 0.0, "best_return": 1.311841, "worst_return": -0.335286, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.099773, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.337412, "regime_survival": 0.0, "best_return": 1.049878, "worst_return": -0.116359, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-15", "end": "2024-05-03", "tenure": "Developing", "return": -0.147403, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-05-10", "end": "2024-05-31", "tenure": "New", "return": -0.118674, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-07", "end": "2024-10-25", "tenure": "Established", "return": 0.005592, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-11-01", "end": "2024-12-13", "tenure": "Developing", "return": 0.165798, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-20", "end": "2025-01-17", "tenure": "Developing", "return": -0.157571, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-24", "end": "2025-02-14", "tenure": "New", "return": 0.044175, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-21", "end": "2025-04-04", "tenure": "Developing", "return": -0.17509, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-11", "end": "2025-06-20", "tenure": "Developing", "return": -0.107356, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-06-27", "end": "2025-07-18", "tenure": "New", "return": 0.084429, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-25", "end": "2025-10-17", "tenure": "Established", "return": -0.117117, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-24", "end": "2025-11-28", "tenure": "Developing", "return": 0.066714, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-05", "end": "2025-12-19", "tenure": "New", "return": -0.043388, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-26", "end": "2026-07-24", "tenure": "Extended", "return": -0.164294, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": -0.055961, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 17.824377, "volume": 13266558, "typical_volume": 15009701.3, "trend": 17.894611, "fair_value": 9.124506, "relative_strength": 28.647344, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.429748, "energy": 6.666244, "activity_lines": [ 18.550821, 18.762506, 18.897341, 18.653353 ] }, { "date": "2023-08-04", "close": 17.511423, "volume": 8549893, "typical_volume": 14874565.55, "trend": 18.048298, "fair_value": 9.192604, "relative_strength": 22.925419, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.298629, "energy": 12.093447, "activity_lines": [ 18.082965, 18.569013, 18.772527, 18.628631 ] }, { "date": "2023-08-11", "close": 17.241138, "volume": 5463438, "typical_volume": 14461458.65, "trend": 18.207306, "fair_value": 9.25909, "relative_strength": 23.837778, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -22.509058, "energy": 31.51654, "activity_lines": [ 17.676119, 18.321405, 18.620473, 18.576557 ] }, { "date": "2023-08-18", "close": 16.197945, "volume": 17550971, "typical_volume": 14864809.5, "trend": 18.267474, "fair_value": 9.318565, "relative_strength": 18.460134, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.316577, "energy": 51.133403, "activity_lines": [ 17.081498, 17.887402, 18.367277, 18.44692 ] }, { "date": "2023-08-25", "close": 16.240625, "volume": 7972904, "typical_volume": 14621810.85, "trend": 18.303142, "fair_value": 9.378699, "relative_strength": 20.721228, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.575806, "energy": 56.533506, "activity_lines": [ 16.704369, 17.479264, 18.12817, 18.316156 ] }, { "date": "2023-09-01", "close": 17.260109, "volume": 13074364, "typical_volume": 14657239.45, "trend": 18.331593, "fair_value": 9.446482, "relative_strength": 22.24876, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -58.470681, "energy": 56.181235, "activity_lines": [ 16.790039, 17.315802, 17.99464, 18.248863 ] }, { "date": "2023-09-08", "close": 16.112595, "volume": 9271170, "typical_volume": 13579343.75, "trend": 18.326009, "fair_value": 9.506768, "relative_strength": 14.438024, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.397682, "energy": 55.332824, "activity_lines": [ 16.530821, 16.990343, 17.752425, 18.105702 ] }, { "date": "2023-09-15", "close": 15.903958, "volume": 7475622, "typical_volume": 12562008.75, "trend": 18.256568, "fair_value": 9.561643, "relative_strength": 13.000975, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.353208, "energy": 55.586069, "activity_lines": [ 16.295313, 16.693593, 17.515313, 17.949441 ] }, { "date": "2023-09-22", "close": 16.013018, "volume": 6155099, "typical_volume": 12405148.85, "trend": 18.196136, "fair_value": 9.608746, "relative_strength": 11.894451, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.953651, "energy": 47.193666, "activity_lines": [ 16.185303, 16.48461, 17.320531, 17.804696 ] }, { "date": "2023-09-29", "close": 16.3402, "volume": 4253603, "typical_volume": 11712846.85, "trend": 18.120794, "fair_value": 9.669944, "relative_strength": 13.509778, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.70504, "energy": 52.203371, "activity_lines": [ 16.196683, 16.393912, 17.181891, 17.684958 ] }, { "date": "2023-10-13", "close": 15.979824, "volume": 6705947, "typical_volume": 11319227.85, "trend": 18.041343, "fair_value": 9.725569, "relative_strength": 10.153699, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.944105, "energy": 50.877731, "activity_lines": [ 16.081299, 16.269419, 17.022687, 17.546831 ] }, { "date": "2023-10-20", "close": 15.097854, "volume": 6762125, "typical_volume": 10944628.3, "trend": 17.971376, "fair_value": 9.771284, "relative_strength": 8.310081, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.173687, "energy": 54.757205, "activity_lines": [ 15.757277, 16.018104, 16.791258, 17.356928 ] }, { "date": "2023-10-27", "close": 15.297008, "volume": 8009869, "typical_volume": 10702040.85, "trend": 17.91911, "fair_value": 9.817061, "relative_strength": 6.297181, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.069214, "energy": 53.228352, "activity_lines": [ 15.56729, 15.846883, 16.588987, 17.184388 ] }, { "date": "2023-11-03", "close": 13.699025, "volume": 13652335, "typical_volume": 10902555.15, "trend": 17.765635, "fair_value": 9.852371, "relative_strength": -6.417623, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.447081, "energy": 71.15112, "activity_lines": [ 14.885104, 15.420467, 16.244643, 16.912125 ] }, { "date": "2023-11-10", "close": 14.154236, "volume": 10759222, "typical_volume": 10512224.5, "trend": 17.636711, "fair_value": 9.894692, "relative_strength": -5.33566, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.184712, "energy": 72.708938, "activity_lines": [ 14.508922, 15.122251, 15.960293, 16.679131 ] }, { "date": "2023-11-17", "close": 15.72851, "volume": 11573002, "typical_volume": 10359927.9, "trend": 17.581443, "fair_value": 9.940094, "relative_strength": 4.290885, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.14754, "energy": 47.736027, "activity_lines": [ 14.803229, 15.148202, 15.851345, 16.556022 ] }, { "date": "2023-11-24", "close": 16.074661, "volume": 11199560, "typical_volume": 9723355.05, "trend": 17.405364, "fair_value": 9.995617, "relative_strength": 7.392107, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.737822, "energy": 42.045052, "activity_lines": [ 15.229674, 15.264936, 15.794873, 16.45881 ] }, { "date": "2023-12-01", "close": 18.161047, "volume": 16584440, "typical_volume": 9943992.35, "trend": 17.256999, "fair_value": 10.057828, "relative_strength": 21.513581, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -7.303408, "energy": 12.890948, "activity_lines": [ 16.28646, 15.761703, 15.954739, 16.507564 ] }, { "date": "2023-12-08", "close": 18.682644, "volume": 19019079, "typical_volume": 10390043.35, "trend": 17.17112, "fair_value": 10.115277, "relative_strength": 25.749369, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 34.781335, "energy": 38.278217, "activity_lines": [ 17.326176, 16.312267, 16.171325, 16.599541 ] }, { "date": "2023-12-15", "close": 18.995602, "volume": 12855198, "typical_volume": 10507719.95, "trend": 17.163322, "fair_value": 10.178825, "relative_strength": 28.861446, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 38.117123, "energy": 53.150653, "activity_lines": [ 18.137971, 16.871195, 16.420405, 16.717249 ] }, { "date": "2023-12-22", "close": 18.436071, "volume": 8287001, "typical_volume": 10258742.1, "trend": 17.162795, "fair_value": 10.245737, "relative_strength": 25.924024, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 26.270626, "energy": 58.686606, "activity_lines": [ 18.440497, 17.280109, 16.61186, 16.799362 ] }, { "date": "2023-12-29", "close": 17.482973, "volume": 10842819, "typical_volume": 10373388.4, "trend": 17.170962, "fair_value": 10.307957, "relative_strength": 14.766849, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.156206, "energy": 54.693269, "activity_lines": [ 18.244819, 17.471074, 16.709631, 16.820019 ] }, { "date": "2024-01-05", "close": 17.373911, "volume": 7655894, "typical_volume": 10483011.2, "trend": 17.169381, "fair_value": 10.373856, "relative_strength": 18.106964, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.552424, "energy": 28.090678, "activity_lines": [ 17.918901, 17.598844, 16.797151, 16.833112 ] }, { "date": "2024-01-12", "close": 16.520388, "volume": 10903201, "typical_volume": 10150622.7, "trend": 17.146937, "fair_value": 10.437039, "relative_strength": 12.909824, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 4.802497, "energy": 7.446786, "activity_lines": [ 17.36095, 17.533666, 16.802751, 16.791242 ] }, { "date": "2024-01-19", "close": 17.226915, "volume": 13127138, "typical_volume": 10408334.4, "trend": 17.071068, "fair_value": 10.508055, "relative_strength": 19.324029, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 4.019942, "energy": 9.053579, "activity_lines": [ 17.182658, 17.54565, 16.874104, 16.796402 ] }, { "date": "2024-01-26", "close": 15.690576, "volume": 13729728, "typical_volume": 10441102.6, "trend": 16.93324, "fair_value": 10.569972, "relative_strength": 8.291309, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.365301, "energy": 17.603024, "activity_lines": [ 16.610167, 17.222432, 16.794442, 16.707338 ] }, { "date": "2024-02-02", "close": 14.803862, "volume": 13049761, "typical_volume": 10630032.15, "trend": 16.767436, "fair_value": 10.630865, "relative_strength": 10.399162, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.957184, "energy": 33.565246, "activity_lines": [ 15.925136, 16.738684, 16.637805, 16.569958 ] }, { "date": "2024-02-09", "close": 18.042501, "volume": 17385047, "typical_volume": 11125503.4, "trend": 16.71417, "fair_value": 10.714242, "relative_strength": 21.920248, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.040398, "energy": 10.11702, "activity_lines": [ 16.49826, 16.866884, 16.795841, 16.652221 ] }, { "date": "2024-02-23", "close": 18.829638, "volume": 10756165, "typical_volume": 11355556.7, "trend": 16.70026, "fair_value": 10.801407, "relative_strength": 22.73987, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 53.477887, "energy": 21.489606, "activity_lines": [ 17.28919, 17.140356, 17.01866, 16.788702 ] }, { "date": "2024-03-01", "close": 18.317524, "volume": 11930581, "typical_volume": 11739405.6, "trend": 16.708005, "fair_value": 10.884642, "relative_strength": 14.250628, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 50.955777, "energy": 29.76638, "activity_lines": [ 17.755465, 17.318043, 17.179294, 16.893042 ] }, { "date": "2024-03-08", "close": 18.824898, "volume": 17011440, "typical_volume": 12254680.25, "trend": 16.741356, "fair_value": 10.971656, "relative_strength": 17.577332, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 57.230857, "energy": 44.884706, "activity_lines": [ 18.318158, 17.600309, 17.378833, 17.029616 ] }, { "date": "2024-03-15", "close": 18.611517, "volume": 15415360, "typical_volume": 12687342.0, "trend": 16.778026, "fair_value": 11.055721, "relative_strength": 12.831938, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.912857, "energy": 55.035478, "activity_lines": [ 18.600768, 17.836708, 17.544502, 17.150271 ] }, { "date": "2024-03-22", "close": 18.948185, "volume": 8825904, "typical_volume": 12728143.75, "trend": 16.834927, "fair_value": 11.138925, "relative_strength": 14.955228, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.39131, "energy": 53.926295, "activity_lines": [ 18.741758, 18.113801, 17.725503, 17.290282 ] }, { "date": "2024-03-29", "close": 19.118889, "volume": 13947223, "typical_volume": 12742888.15, "trend": 16.932292, "fair_value": 11.221258, "relative_strength": 17.356554, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.597147, "energy": 48.678087, "activity_lines": [ 18.87927, 18.393309, 17.905374, 17.437634 ] }, { "date": "2024-04-05", "close": 19.801706, "volume": 9190444, "typical_volume": 12664449.25, "trend": 17.050995, "fair_value": 11.306732, "relative_strength": 18.890505, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.379518, "energy": 47.100148, "activity_lines": [ 19.225105, 18.749719, 18.124468, 17.622757 ] }, { "date": "2024-04-12", "close": 17.539875, "volume": 18996674, "typical_volume": 13035632.85, "trend": 17.06032, "fair_value": 11.379186, "relative_strength": 8.516229, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.261412, "energy": 27.903496, "activity_lines": [ 18.71805, 18.648072, 18.101256, 17.654298 ] }, { "date": "2024-04-19", "close": 16.245363, "volume": 20681975, "typical_volume": 13509753.6, "trend": 17.064746, "fair_value": 11.435459, "relative_strength": -0.315505, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 17.8174, "energy": 9.618669, "activity_lines": [ 17.86516, 18.277437, 17.946131, 17.60172 ] }, { "date": "2024-04-26", "close": 16.046209, "volume": 20281824, "typical_volume": 13694622.8, "trend": 17.069488, "fair_value": 11.488815, "relative_strength": -3.690783, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 10.463256, "energy": 14.617422, "activity_lines": [ 17.103628, 17.844382, 17.771227, 17.536008 ] }, { "date": "2024-05-03", "close": 15.86813, "volume": 6433232, "typical_volume": 13065330.45, "trend": 17.064658, "fair_value": 11.544595, "relative_strength": -5.76742, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -22.089058, "energy": 27.900375, "activity_lines": [ 16.476202, 17.415245, 17.589433, 17.458501 ] }, { "date": "2024-05-10", "close": 16.546751, "volume": 18398001, "typical_volume": 13342470.6, "trend": 17.071543, "fair_value": 11.603144, "relative_strength": -2.880242, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.374725, "energy": 31.437365, "activity_lines": [ 16.2917, 17.16334, 17.485673, 17.425088 ] }, { "date": "2024-05-17", "close": 14.611963, "volume": 29245965, "typical_volume": 14390418.8, "trend": 17.025948, "fair_value": 11.65912, "relative_strength": -13.667636, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.640605, "energy": 58.230157, "activity_lines": [ 15.679266, 16.591851, 17.209308, 17.266405 ] }, { "date": "2024-05-24", "close": 14.583086, "volume": 21592793, "typical_volume": 14927917.5, "trend": 17.008789, "fair_value": 11.716855, "relative_strength": -11.037992, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.421137, "energy": 59.777271, "activity_lines": [ 15.2524, 16.091711, 16.948403, 17.108801 ] }, { "date": "2024-05-31", "close": 14.583086, "volume": 11050439, "typical_volume": 15097644.75, "trend": 16.984991, "fair_value": 11.77838, "relative_strength": -10.360703, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -67.670587, "energy": 69.476989, "activity_lines": [ 14.936353, 15.664815, 16.701307, 16.952304 ] }, { "date": "2024-06-07", "close": 14.98015, "volume": 23374551, "typical_volume": 15721212.25, "trend": 17.027696, "fair_value": 11.838539, "relative_strength": -6.878226, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.500957, "energy": 66.928422, "activity_lines": [ 14.850202, 15.389477, 16.505316, 16.82296 ] }, { "date": "2024-06-14", "close": 14.568647, "volume": 10190664, "typical_volume": 15574388.55, "trend": 17.041509, "fair_value": 11.89596, "relative_strength": -9.393247, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.498118, "energy": 60.348212, "activity_lines": [ 14.686082, 15.114571, 16.277469, 16.664311 ] }, { "date": "2024-06-21", "close": 12.626642, "volume": 18454980, "typical_volume": 15810651.15, "trend": 16.938114, "fair_value": 11.944315, "relative_strength": -19.669849, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.041608, "energy": 68.795175, "activity_lines": [ 14.0065, 14.581719, 15.877328, 16.379481 ] }, { "date": "2024-06-28", "close": 12.65552, "volume": 24433885, "typical_volume": 16379857.35, "trend": 16.824142, "fair_value": 11.993686, "relative_strength": -17.24901, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.594844, "energy": 68.641764, "activity_lines": [ 13.4689, 14.14345, 15.494527, 16.103185 ] }, { "date": "2024-07-05", "close": 11.832515, "volume": 15921737, "typical_volume": 16306691.85, "trend": 16.613191, "fair_value": 12.037579, "relative_strength": -20.887468, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.920646, "energy": 79.238649, "activity_lines": [ 12.785468, 13.620813, 15.043574, 15.781144 ] }, { "date": "2024-07-12", "close": 11.579836, "volume": 11922115, "typical_volume": 16364989.35, "trend": 16.376431, "fair_value": 12.077968, "relative_strength": -23.547871, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.151956, "energy": 86.433058, "activity_lines": [ 12.201182, 13.128847, 14.598129, 15.456412 ] }, { "date": "2024-07-19", "close": 12.09963, "volume": 8135056, "typical_volume": 16175213.1, "trend": 16.146565, "fair_value": 12.120676, "relative_strength": -20.157905, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.817478, "energy": 83.707461, "activity_lines": [ 12.016848, 12.809358, 14.23671, 15.180489 ] }, { "date": "2024-07-26", "close": 11.254964, "volume": 7843002, "typical_volume": 15716791.2, "trend": 15.907195, "fair_value": 12.155841, "relative_strength": -22.714031, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.337675, "energy": 85.278404, "activity_lines": [ 11.71556, 12.41715, 13.824456, 14.864902 ] }, { "date": "2024-08-02", "close": 11.117798, "volume": 11065404, "typical_volume": 15499293.4, "trend": 15.695023, "fair_value": 12.191971, "relative_strength": -22.940112, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.612486, "energy": 77.404421, "activity_lines": [ 11.459995, 12.061039, 13.435186, 14.555909 ] }, { "date": "2024-08-09", "close": 10.930095, "volume": 13923791, "typical_volume": 15754187.75, "trend": 15.480229, "fair_value": 12.224851, "relative_strength": -22.530248, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.47498, "energy": 69.614542, "activity_lines": [ 11.244377, 11.733805, 13.063724, 14.248494 ] }, { "date": "2024-08-16", "close": 10.504154, "volume": 8432598, "typical_volume": 15478456.5, "trend": 15.279687, "fair_value": 12.256095, "relative_strength": -24.900451, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.186553, "energy": 76.857106, "activity_lines": [ 10.94694, 11.395546, 12.689878, 13.927457 ] }, { "date": "2024-08-23", "close": 9.839973, "volume": 6274375, "typical_volume": 15332653.05, "trend": 15.033456, "fair_value": 12.282899, "relative_strength": -27.879999, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.439113, "energy": 82.720196, "activity_lines": [ 10.499822, 11.017908, 12.293798, 13.576508 ] }, { "date": "2024-08-30", "close": 9.890509, "volume": 11775667, "typical_volume": 14971602.7, "trend": 14.840121, "fair_value": 12.312439, "relative_strength": -28.65632, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.833999, "energy": 82.751752, "activity_lines": [ 10.220192, 10.735435, 11.949969, 13.244705 ] }, { "date": "2024-09-06", "close": 10.047537, "volume": 18263277, "typical_volume": 14850667.8, "trend": 14.681576, "fair_value": 12.344424, "relative_strength": -25.265, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.227118, "energy": 80.786829, "activity_lines": [ 10.08387, 10.53126, 11.65752, 12.935506 ] }, { "date": "2024-09-13", "close": 9.619038, "volume": 6938457, "typical_volume": 14183499.45, "trend": 14.400794, "fair_value": 12.371554, "relative_strength": -26.754069, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.084822, "energy": 74.262592, "activity_lines": [ 9.876064, 10.296594, 11.353775, 12.60889 ] }, { "date": "2024-09-20", "close": 9.707693, "volume": 3794211, "typical_volume": 14051548.4, "trend": 14.096729, "fair_value": 12.39976, "relative_strength": -26.604302, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.13887, "energy": 71.01536, "activity_lines": [ 9.785215, 10.118292, 11.089079, 12.306109 ] }, { "date": "2024-09-27", "close": 11.421685, "volume": 14134455, "typical_volume": 13838371.1, "trend": 13.866868, "fair_value": 12.438709, "relative_strength": -26.394642, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.347742, "energy": 51.605972, "activity_lines": [ 10.318793, 10.285664, 11.016955, 12.133526 ] }, { "date": "2024-10-04", "close": 13.076572, "volume": 6381915, "typical_volume": 12695168.6, "trend": 13.675257, "fair_value": 12.488206, "relative_strength": -23.553583, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.658565, "energy": 18.875474, "activity_lines": [ 11.298553, 10.766251, 11.126846, 12.082539 ] }, { "date": "2024-10-11", "close": 11.26654, "volume": 24744684, "typical_volume": 12852763.15, "trend": 13.430425, "fair_value": 12.515745, "relative_strength": -30.657059, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.78233, "energy": 25.155634, "activity_lines": [ 11.462564, 10.884621, 11.071663, 11.927138 ] }, { "date": "2024-10-18", "close": 11.695037, "volume": 15533799, "typical_volume": 13076931.15, "trend": 13.188653, "fair_value": 12.551806, "relative_strength": -29.699897, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.060011, "energy": 22.910547, "activity_lines": [ 11.688142, 11.078195, 11.073083, 11.815178 ] }, { "date": "2024-10-25", "close": 15.063917, "volume": 58004041, "typical_volume": 14808405.65, "trend": 13.053487, "fair_value": 12.60997, "relative_strength": -11.516058, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 24.535662, "energy": 35.336511, "activity_lines": [ 12.898279, 11.870385, 11.409101, 11.936162 ] }, { "date": "2024-11-01", "close": 14.169982, "volume": 40583218, "typical_volume": 16328033.35, "trend": 12.865763, "fair_value": 12.663537, "relative_strength": -15.244774, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.033177, "energy": 38.799856, "activity_lines": [ 13.453356, 12.417136, 11.659584, 12.008194 ] }, { "date": "2024-11-08", "close": 14.642807, "volume": 30136241, "typical_volume": 16912096.4, "trend": 12.769194, "fair_value": 12.716265, "relative_strength": -17.880685, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.708495, "energy": 57.533733, "activity_lines": [ 13.982822, 12.971128, 11.956995, 12.122842 ] }, { "date": "2024-11-15", "close": 13.460743, "volume": 32695655, "typical_volume": 17325184.9, "trend": 12.676374, "fair_value": 12.762065, "relative_strength": -21.454157, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.757393, "energy": 54.407006, "activity_lines": [ 14.013851, 13.223794, 12.132229, 12.167458 ] }, { "date": "2024-11-22", "close": 12.441215, "volume": 19627871, "typical_volume": 17510491.6, "trend": 12.556207, "fair_value": 12.80143, "relative_strength": -24.897576, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.08196, "energy": 29.766307, "activity_lines": [ 13.558757, 13.229033, 12.20653, 12.152287 ] }, { "date": "2024-11-29", "close": 13.098738, "volume": 18180515, "typical_volume": 17823411.6, "trend": 12.463894, "fair_value": 12.848151, "relative_strength": -21.839248, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 16.128345, "energy": 17.886929, "activity_lines": [ 13.273092, 13.302509, 12.340554, 12.187289 ] }, { "date": "2024-12-06", "close": 13.874466, "volume": 27293290, "typical_volume": 18781323.3, "trend": 12.374818, "fair_value": 12.897372, "relative_strength": -18.006768, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 19.788471, "energy": 15.479611, "activity_lines": [ 13.377015, 13.455371, 12.541224, 12.278293 ] }, { "date": "2024-12-13", "close": 16.519333, "volume": 47622261, "typical_volume": 20770286.25, "trend": 12.438397, "fair_value": 12.960873, "relative_strength": -1.162051, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 75.9989, "energy": 43.879178, "activity_lines": [ 14.382261, 14.044522, 12.985335, 12.545681 ] }, { "date": "2024-12-20", "close": 16.785297, "volume": 212472062, "typical_volume": 30840619.15, "trend": 12.511804, "fair_value": 13.024721, "relative_strength": 1.616462, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.402205, "energy": 61.41934, "activity_lines": [ 15.35106, 14.619435, 13.429707, 12.826127 ] }, { "date": "2024-12-27", "close": 15.174736, "volume": 104252486, "typical_volume": 35357053.9, "trend": 12.531526, "fair_value": 13.079379, "relative_strength": -7.589351, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.757404, "energy": 62.412115, "activity_lines": [ 15.561369, 14.801177, 13.693704, 12.997929 ] }, { "date": "2025-01-03", "close": 15.82487, "volume": 84158266, "typical_volume": 39143337.3, "trend": 12.559683, "fair_value": 13.139989, "relative_strength": 4.105412, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.562377, "energy": 63.456681, "activity_lines": [ 15.806154, 15.037858, 13.999406, 13.210402 ] }, { "date": "2025-01-10", "close": 13.202167, "volume": 71795045, "typical_volume": 42419370.8, "trend": 12.514134, "fair_value": 13.183725, "relative_strength": -11.633765, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.153917, "energy": 35.840995, "activity_lines": [ 14.994963, 14.783849, 14.02999, 13.251853 ] }, { "date": "2025-01-17", "close": 14.140429, "volume": 57332136, "typical_volume": 44697194.25, "trend": 12.564593, "fair_value": 13.233537, "relative_strength": -8.24238, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.970316, "energy": 19.92225, "activity_lines": [ 14.541346, 14.718029, 14.133922, 13.356775 ] }, { "date": "2025-01-24", "close": 15.219063, "volume": 56048598, "typical_volume": 46586460.3, "trend": 12.650045, "fair_value": 13.290567, "relative_strength": -1.904565, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.575085, "energy": 20.630786, "activity_lines": [ 14.605867, 14.857459, 14.320343, 13.528031 ] }, { "date": "2025-01-31", "close": 14.480274, "volume": 13975527, "typical_volume": 46938313.8, "trend": 12.738303, "fair_value": 13.340429, "relative_strength": -4.968151, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.669062, "energy": 18.912134, "activity_lines": [ 14.528541, 14.830594, 14.411777, 13.646111 ] }, { "date": "2025-02-07", "close": 14.871833, "volume": 36534982, "typical_volume": 48575352.35, "trend": 12.848037, "fair_value": 13.382305, "relative_strength": -5.752513, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.472196, "energy": 20.168787, "activity_lines": [ 14.628032, 14.837848, 14.517354, 13.783758 ] }, { "date": "2025-02-14", "close": 15.891361, "volume": 89324603, "typical_volume": 52334859.75, "trend": 12.974428, "fair_value": 13.427434, "relative_strength": -0.186891, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.4153, "energy": 32.749421, "activity_lines": [ 15.130901, 14.998232, 14.695437, 13.980101 ] }, { "date": "2025-02-21", "close": 18.565779, "volume": 126134966, "typical_volume": 58322512.3, "trend": 13.218121, "fair_value": 13.493353, "relative_strength": 14.620549, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.263352, "energy": 60.382143, "activity_lines": [ 16.345963, 15.608203, 15.106943, 14.340834 ] }, { "date": "2025-02-28", "close": 17.376328, "volume": 90642781, "typical_volume": 61617417.15, "trend": 13.426739, "fair_value": 13.555944, "relative_strength": 11.56271, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.192521, "energy": 62.222385, "activity_lines": [ 16.869519, 15.964703, 15.379028, 14.609105 ] }, { "date": "2025-03-07", "close": 17.753113, "volume": 63449038, "typical_volume": 64013179.1, "trend": 13.654173, "fair_value": 13.621761, "relative_strength": 12.084441, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.332586, "energy": 67.050634, "activity_lines": [ 17.374851, 16.378963, 15.657904, 14.888226 ] }, { "date": "2025-03-14", "close": 17.250734, "volume": 36845124, "typical_volume": 62955233.25, "trend": 13.879059, "fair_value": 13.683121, "relative_strength": 8.096788, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.702163, "energy": 65.764822, "activity_lines": [ 17.494535, 16.655001, 15.860086, 15.120262 ] }, { "date": "2025-03-21", "close": 15.706664, "volume": 26724595, "typical_volume": 62262302.1, "trend": 14.074615, "fair_value": 13.734908, "relative_strength": 1.787264, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.333301, "energy": 39.244594, "activity_lines": [ 16.940935, 16.624375, 15.9048, 15.238172 ] }, { "date": "2025-03-28", "close": 15.152573, "volume": 23849657, "typical_volume": 61947972.9, "trend": 14.250017, "fair_value": 13.78142, "relative_strength": -0.256831, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.206777, "energy": 22.223061, "activity_lines": [ 16.214952, 16.447469, 15.889427, 15.307718 ] }, { "date": "2025-04-04", "close": 15.315105, "volume": 13401575, "typical_volume": 60983268.9, "trend": 14.425603, "fair_value": 13.829217, "relative_strength": 3.996615, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 28.076155, "energy": 18.440826, "activity_lines": [ 15.770693, 16.281711, 15.887105, 15.376433 ] }, { "date": "2025-04-11", "close": 15.056529, "volume": 41939885, "typical_volume": 62098869.6, "trend": 14.606853, "fair_value": 13.87712, "relative_strength": 8.306124, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.499991, "energy": 18.466872, "activity_lines": [ 15.377656, 16.067193, 15.851326, 15.417138 ] }, { "date": "2025-04-18", "close": 15.204287, "volume": 56953260, "typical_volume": 64037506.85, "trend": 14.790073, "fair_value": 13.926112, "relative_strength": 10.25369, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.066475, "energy": 18.249097, "activity_lines": [ 15.213645, 15.869063, 15.817166, 15.455682 ] }, { "date": "2025-04-25", "close": 14.302963, "volume": 28293935, "typical_volume": 64087539.1, "trend": 14.886115, "fair_value": 13.972892, "relative_strength": 2.656207, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.711988, "energy": 21.550957, "activity_lines": [ 14.885622, 15.501012, 15.687139, 15.424256 ] }, { "date": "2025-05-02", "close": 14.531988, "volume": 14178092, "typical_volume": 62415330.65, "trend": 14.934629, "fair_value": 14.019702, "relative_strength": 4.750083, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.414887, "energy": 21.077494, "activity_lines": [ 14.727521, 15.203481, 15.576883, 15.401409 ] }, { "date": "2025-05-09", "close": 14.642807, "volume": 13849905, "typical_volume": 52484222.8, "trend": 15.047171, "fair_value": 14.067141, "relative_strength": 3.544376, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.223571, "energy": 23.768904, "activity_lines": [ 14.647732, 14.999441, 15.486645, 15.382582 ] }, { "date": "2025-05-16", "close": 14.561542, "volume": 17334250, "typical_volume": 48138311.0, "trend": 15.142721, "fair_value": 14.12024, "relative_strength": 2.541094, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.378707, "energy": 25.195618, "activity_lines": [ 14.585674, 14.830325, 15.39887, 15.351251 ] }, { "date": "2025-05-23", "close": 14.406395, "volume": 17482659, "typical_volume": 44804530.65, "trend": 15.120804, "fair_value": 14.176782, "relative_strength": 2.097718, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.766561, "energy": 25.607986, "activity_lines": [ 14.5049, 14.69103, 15.299239, 15.303746 ] }, { "date": "2025-05-30", "close": 14.798801, "volume": 16480362, "typical_volume": 42038796.5, "trend": 15.141765, "fair_value": 14.235556, "relative_strength": 5.959408, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.442327, "energy": 18.666179, "activity_lines": [ 14.608121, 14.674797, 15.243735, 15.282971 ] }, { "date": "2025-06-06", "close": 15.316857, "volume": 11225027, "typical_volume": 39733441.05, "trend": 15.164233, "fair_value": 14.295057, "relative_strength": 8.299283, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.203125, "energy": 8.985354, "activity_lines": [ 14.850971, 14.769262, 15.229966, 15.294268 ] }, { "date": "2025-06-13", "close": 14.241647, "volume": 24045324, "typical_volume": 38133277.35, "trend": 15.190263, "fair_value": 14.342762, "relative_strength": 1.545312, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.792439, "energy": 12.888409, "activity_lines": [ 14.683093, 14.665247, 15.108195, 15.234746 ] }, { "date": "2025-06-20", "close": 13.440126, "volume": 9777812, "typical_volume": 37923391.6, "trend": 15.22356, "fair_value": 14.388996, "relative_strength": -2.981475, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -65.370315, "energy": 40.504745, "activity_lines": [ 14.274786, 14.435019, 14.914742, 15.121834 ] }, { "date": "2025-06-27", "close": 14.124352, "volume": 9880505, "typical_volume": 36590667.75, "trend": 15.257747, "fair_value": 14.437611, "relative_strength": -1.617066, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.061199, "energy": 42.259101, "activity_lines": [ 14.169315, 14.358584, 14.791407, 15.050917 ] }, { "date": "2025-07-04", "close": 14.124352, "volume": 9240301, "typical_volume": 32586452.65, "trend": 15.266077, "fair_value": 14.488717, "relative_strength": -2.813527, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.367209, "energy": 48.766683, "activity_lines": [ 14.082646, 14.301785, 14.671631, 14.977795 ] }, { "date": "2025-07-11", "close": 15.277759, "volume": 58758200, "typical_volume": 29217614.35, "trend": 15.224691, "fair_value": 14.547117, "relative_strength": 3.108839, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.306377, "energy": 27.881059, "activity_lines": [ 14.425411, 14.457944, 14.670118, 14.978549 ] }, { "date": "2025-07-18", "close": 15.316857, "volume": 36247486, "typical_volume": 26497849.6, "trend": 15.175743, "fair_value": 14.60376, "relative_strength": 1.247905, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.551028, "energy": 12.952388, "activity_lines": [ 14.783814, 14.607652, 14.687985, 14.984495 ] }, { "date": "2025-07-25", "close": 15.492802, "volume": 39649050, "typical_volume": 25307850.2, "trend": 15.186345, "fair_value": 14.657114, "relative_strength": -0.029267, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.626841, "energy": 12.685783, "activity_lines": [ 15.129185, 14.777094, 14.732417, 15.00495 ] }, { "date": "2025-08-01", "close": 15.277759, "volume": 20305422, "typical_volume": 24480865.1, "trend": 15.168108, "fair_value": 14.710731, "relative_strength": 0.04399, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.351777, "energy": 21.142729, "activity_lines": [ 15.26603, 14.890506, 14.767131, 15.010848 ] }, { "date": "2025-08-08", "close": 14.906322, "volume": 14469173, "typical_volume": 23868094.0, "trend": 15.224913, "fair_value": 14.764237, "relative_strength": -3.642739, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.06836, "energy": 14.90127, "activity_lines": [ 15.202168, 14.92054, 14.775866, 14.993959 ] }, { "date": "2025-08-15", "close": 14.886772, "volume": 16223170, "typical_volume": 23486769.65, "trend": 15.249791, "fair_value": 14.816198, "relative_strength": -7.981653, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.854769, "energy": 10.460669, "activity_lines": [ 15.079659, 14.945066, 14.78655, 14.972143 ] }, { "date": "2025-08-22", "close": 15.639421, "volume": 28835413, "typical_volume": 24258461.55, "trend": 15.263803, "fair_value": 14.874565, "relative_strength": -7.657556, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.524461, "energy": 8.096317, "activity_lines": [ 15.234099, 15.114256, 14.87018, 14.99728 ] }, { "date": "2025-08-29", "close": 15.629645, "volume": 49117221, "typical_volume": 24617328.35, "trend": 15.302116, "fair_value": 14.932201, "relative_strength": -11.624939, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.690355, "energy": 14.535483, "activity_lines": [ 15.363775, 15.256254, 14.951335, 15.020883 ] }, { "date": "2025-09-05", "close": 15.522124, "volume": 23609680, "typical_volume": 22950149.35, "trend": 15.323792, "fair_value": 14.989127, "relative_strength": -11.49329, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.761211, "energy": 15.403225, "activity_lines": [ 15.448489, 15.338894, 15.019521, 15.035077 ] }, { "date": "2025-09-12", "close": 15.404829, "volume": 21680084, "typical_volume": 22619456.8, "trend": 15.307574, "fair_value": 15.045098, "relative_strength": -14.413929, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.00138, "energy": 25.827636, "activity_lines": [ 15.477813, 15.374794, 15.075023, 15.040305 ] }, { "date": "2025-09-19", "close": 15.101814, "volume": 25604298, "typical_volume": 23190767.1, "trend": 15.192109, "fair_value": 15.101417, "relative_strength": -16.985654, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.002791, "energy": 14.382739, "activity_lines": [ 15.372898, 15.332319, 15.096418, 15.02703 ] }, { "date": "2025-09-26", "close": 14.159476, "volume": 13024630, "typical_volume": 23149503.35, "trend": 15.084881, "fair_value": 15.144725, "relative_strength": -22.842717, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -14.911903, "energy": 10.741774, "activity_lines": [ 14.939534, 15.121708, 15.025354, 14.960409 ] }, { "date": "2025-10-03", "close": 14.169296, "volume": 4352675, "typical_volume": 22500424.6, "trend": 14.96542, "fair_value": 15.189392, "relative_strength": -24.398207, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.762343, "energy": 28.865083, "activity_lines": [ 14.608107, 14.933926, 14.957527, 14.901339 ] }, { "date": "2025-10-10", "close": 14.296947, "volume": 6959451, "typical_volume": 21974264.2, "trend": 14.86696, "fair_value": 15.231899, "relative_strength": -22.686929, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -27.55016, "energy": 35.149432, "activity_lines": [ 14.416587, 14.793417, 14.903725, 14.858212 ] }, { "date": "2025-10-17", "close": 13.678329, "volume": 12513886, "typical_volume": 21775940.4, "trend": 14.799349, "fair_value": 15.269609, "relative_strength": -22.091748, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.854986, "energy": 62.063029, "activity_lines": [ 14.100539, 14.558265, 14.791528, 14.781526 ] }, { "date": "2025-10-24", "close": 13.982728, "volume": 12425897, "typical_volume": 21835983.9, "trend": 14.760354, "fair_value": 15.306576, "relative_strength": -23.566094, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.80389, "energy": 64.283726, "activity_lines": [ 14.001058, 14.400786, 14.713657, 14.728841 ] }, { "date": "2025-10-31", "close": 13.570316, "volume": 17613776, "typical_volume": 21514406.5, "trend": 14.702195, "fair_value": 15.342398, "relative_strength": -25.961521, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.386472, "energy": 65.951749, "activity_lines": [ 13.838711, 14.184759, 14.602861, 14.652064 ] }, { "date": "2025-11-07", "close": 13.864897, "volume": 14990968, "typical_volume": 21775064.3, "trend": 14.662474, "fair_value": 15.380271, "relative_strength": -24.204962, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.108909, "energy": 56.797237, "activity_lines": [ 13.813836, 14.059913, 14.523318, 14.598045 ] }, { "date": "2025-11-14", "close": 13.845258, "volume": 10232805, "typical_volume": 21792679.3, "trend": 14.617173, "fair_value": 15.419052, "relative_strength": -23.013447, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.617682, "energy": 44.050174, "activity_lines": [ 13.802707, 13.963583, 14.439882, 14.545321 ] }, { "date": "2025-11-21", "close": 14.365683, "volume": 45560783, "typical_volume": 23608703.4, "trend": 14.619263, "fair_value": 15.445808, "relative_strength": -15.745469, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.427441, "energy": 28.652682, "activity_lines": [ 13.995167, 13.992364, 14.407339, 14.529096 ] }, { "date": "2025-11-28", "close": 14.915565, "volume": 49647507, "typical_volume": 23153168.75, "trend": 14.632049, "fair_value": 15.461986, "relative_strength": -15.422997, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.920207, "energy": 13.496225, "activity_lines": [ 14.325096, 14.140016, 14.426016, 14.548212 ] }, { "date": "2025-12-05", "close": 14.25767, "volume": 44506020, "typical_volume": 23566095.45, "trend": 14.619211, "fair_value": 15.480228, "relative_strength": -19.931325, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.684089, "energy": 17.093699, "activity_lines": [ 14.373538, 14.171438, 14.383762, 14.524059 ] }, { "date": "2025-12-12", "close": 13.432846, "volume": 19184650, "typical_volume": 22542875.45, "trend": 14.581588, "fair_value": 15.493405, "relative_strength": -24.627018, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.744692, "energy": 20.505639, "activity_lines": [ 14.101215, 14.051107, 14.267996, 14.447519 ] }, { "date": "2025-12-19", "close": 13.639052, "volume": 12307203, "typical_volume": 22142964.5, "trend": 14.55601, "fair_value": 15.493538, "relative_strength": -22.182386, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.377695, "energy": 26.291005, "activity_lines": [ 13.926431, 13.981657, 14.181679, 14.38671 ] }, { "date": "2025-12-26", "close": 13.246279, "volume": 10771685, "typical_volume": 21958090.1, "trend": 14.504259, "fair_value": 15.49638, "relative_strength": -26.522819, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.441855, "energy": 51.378384, "activity_lines": [ 13.63447, 13.852756, 14.065758, 14.302211 ] }, { "date": "2026-01-02", "close": 13.37393, "volume": 5524676, "typical_volume": 21423165.4, "trend": 14.439495, "fair_value": 15.493151, "relative_strength": -24.715587, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.021843, "energy": 58.274901, "activity_lines": [ 13.459686, 13.75492, 13.969899, 14.229287 ] }, { "date": "2026-01-09", "close": 13.619413, "volume": 16151078, "typical_volume": 20788948.65, "trend": 14.418754, "fair_value": 15.499399, "relative_strength": -26.150703, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.41025, "energy": 52.72877, "activity_lines": [ 13.469505, 13.712786, 13.904624, 14.176378 ] }, { "date": "2026-01-16", "close": 13.96309, "volume": 33791101, "typical_volume": 20022642.65, "trend": 14.436186, "fair_value": 15.506209, "relative_strength": -24.681386, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.697644, "energy": 34.97708, "activity_lines": [ 13.636433, 13.732246, 13.881698, 14.146981 ] }, { "date": "2026-01-23", "close": 14.139837, "volume": 14990260, "typical_volume": 19591671.65, "trend": 14.436702, "fair_value": 15.516907, "relative_strength": -24.003407, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.400036, "energy": 17.611209, "activity_lines": [ 13.826928, 13.782057, 13.883542, 14.127861 ] }, { "date": "2026-01-30", "close": 13.835439, "volume": 18195146, "typical_volume": 19417424.75, "trend": 14.427072, "fair_value": 15.513333, "relative_strength": -23.902588, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.622012, "energy": 15.691108, "activity_lines": [ 13.882571, 13.771167, 13.862978, 14.08907 ] }, { "date": "2026-02-06", "close": 13.835439, "volume": 24276206, "typical_volume": 19351020.15, "trend": 14.378994, "fair_value": 15.504775, "relative_strength": -21.782178, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.12251, "energy": 15.393167, "activity_lines": [ 13.898937, 13.769917, 13.849887, 14.0509 ] }, { "date": "2026-02-13", "close": 13.65869, "volume": 24344002, "typical_volume": 19916988.75, "trend": 14.323722, "fair_value": 15.48716, "relative_strength": -23.249475, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.036148, "energy": 13.770939, "activity_lines": [ 13.825619, 13.75617, 13.825993, 14.004429 ] }, { "date": "2026-02-27", "close": 13.432846, "volume": 12546501, "typical_volume": 20326680.05, "trend": 14.255057, "fair_value": 15.468908, "relative_strength": -25.711946, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.190055, "energy": 25.062039, "activity_lines": [ 13.674401, 13.712251, 13.782975, 13.946953 ] }, { "date": "2026-03-06", "close": 12.617842, "volume": 14265781, "typical_volume": 20691996.55, "trend": 14.166393, "fair_value": 15.434489, "relative_strength": -27.799808, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.524366, "energy": 54.626867, "activity_lines": [ 13.286865, 13.520149, 13.665845, 13.841327 ] }, { "date": "2026-03-13", "close": 12.117056, "volume": 11234216, "typical_volume": 20628013.05, "trend": 14.073418, "fair_value": 15.397894, "relative_strength": -30.333521, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.333449, "energy": 77.250942, "activity_lines": [ 12.833867, 13.255563, 13.509016, 13.709111 ] }, { "date": "2026-03-20", "close": 11.959947, "volume": 12516387, "typical_volume": 20632537.55, "trend": 13.975857, "fair_value": 15.355327, "relative_strength": -28.379299, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.146064, "energy": 84.832958, "activity_lines": [ 12.443058, 12.982942, 13.344659, 13.572758 ] }, { "date": "2026-03-27", "close": 12.509829, "volume": 29264857, "typical_volume": 21215091.6, "trend": 13.871537, "fair_value": 15.317804, "relative_strength": -23.828478, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.662933, "energy": 75.855486, "activity_lines": [ 12.360575, 12.836009, 13.242304, 13.478176 ] }, { "date": "2026-04-03", "close": 11.15476, "volume": 23359006, "typical_volume": 21633493.5, "trend": 13.722374, "fair_value": 15.279072, "relative_strength": -29.331415, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.977447, "energy": 84.732911, "activity_lines": [ 11.902994, 12.462875, 13.015945, 13.3029 ] }, { "date": "2026-04-10", "close": 11.714463, "volume": 12318098, "typical_volume": 21737758.15, "trend": 13.595452, "fair_value": 15.246056, "relative_strength": -29.996389, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.683973, "energy": 68.943932, "activity_lines": [ 11.783853, 12.242565, 12.855797, 13.173357 ] }, { "date": "2026-04-17", "close": 11.527895, "volume": 13649865, "typical_volume": 20142212.25, "trend": 13.466221, "fair_value": 15.202624, "relative_strength": -32.942473, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.034184, "energy": 56.415279, "activity_lines": [ 11.662747, 12.032431, 12.688026, 13.039966 ] }, { "date": "2026-04-24", "close": 10.938736, "volume": 19872769, "typical_volume": 18653475.35, "trend": 13.327452, "fair_value": 15.157219, "relative_strength": -35.723318, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.978572, "energy": 72.376844, "activity_lines": [ 11.384533, 11.757132, 12.477659, 12.876903 ] }, { "date": "2026-05-01", "close": 10.89, "volume": 21388550, "typical_volume": 17497601.85, "trend": 13.218469, "fair_value": 15.115574, "relative_strength": -35.937852, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.886245, "energy": 62.743771, "activity_lines": [ 11.158154, 11.52564, 12.281587, 12.719648 ] }, { "date": "2026-05-08", "close": 11.14, "volume": 10867493, "typical_volume": 17081744.0, "trend": 13.117493, "fair_value": 15.050081, "relative_strength": -35.559909, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.686815, "energy": 61.53035, "activity_lines": [ 11.123097, 11.389943, 12.125361, 12.585553 ] }, { "date": "2026-05-15", "close": 10.41, "volume": 16740612, "typical_volume": 17303414.45, "trend": 12.987928, "fair_value": 14.971863, "relative_strength": -38.952015, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.598131, "energy": 71.364539, "activity_lines": [ 10.845691, 11.163206, 11.91053, 12.410876 ] }, { "date": "2026-05-22", "close": 10.28, "volume": 15259178, "typical_volume": 17527789.1, "trend": 12.87465, "fair_value": 14.901485, "relative_strength": -39.02786, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.938425, "energy": 68.127851, "activity_lines": [ 10.611916, 10.952975, 11.698695, 12.236171 ] }, { "date": "2026-05-29", "close": 10.56, "volume": 80082030, "typical_volume": 21255656.8, "trend": 12.760559, "fair_value": 14.845911, "relative_strength": -36.436881, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.328788, "energy": 50.279512, "activity_lines": [ 10.554667, 10.827055, 11.527651, 12.086839 ] }, { "date": "2026-06-05", "close": 9.61, "volume": 5638630, "typical_volume": 20730034.4, "trend": 12.628549, "fair_value": 14.789232, "relative_strength": -40.259886, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.505828, "energy": 58.78042, "activity_lines": [ 10.206, 10.55386, 11.27953, 11.883577 ] }, { "date": "2026-06-12", "close": 9.4, "volume": 4684365, "typical_volume": 19274697.6, "trend": 12.479719, "fair_value": 14.738988, "relative_strength": -39.218841, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.867688, "energy": 60.186202, "activity_lines": [ 9.872667, 10.295208, 11.030502, 11.675284 ] }, { "date": "2026-06-19", "close": 9.03, "volume": 16622477, "typical_volume": 19356308.45, "trend": 12.31921, "fair_value": 14.685198, "relative_strength": -44.629467, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.166404, "energy": 62.504276, "activity_lines": [ 9.532, 10.001188, 10.767965, 11.452721 ] }, { "date": "2026-06-26", "close": 8.45, "volume": 3386752, "typical_volume": 18615888.75, "trend": 12.122021, "fair_value": 14.629148, "relative_strength": -46.553901, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.682314, "energy": 89.007258, "activity_lines": [ 9.09, 9.650522, 10.474523, 11.203095 ] }, { "date": "2026-07-03", "close": 8.81, "volume": 3201122, "typical_volume": 17562134.55, "trend": 11.918502, "fair_value": 14.560604, "relative_strength": -42.741997, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.299309, "energy": 85.522854, "activity_lines": [ 8.89, 9.421273, 10.241011, 10.989416 ] }, { "date": "2026-07-10", "close": 8.42, "volume": 18660353, "typical_volume": 17277952.1, "trend": 11.723913, "fair_value": 14.487492, "relative_strength": -42.392358, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.335698, "energy": 86.43009, "activity_lines": [ 8.676667, 9.159818, 9.994287, 10.763706 ] }, { "date": "2026-07-17", "close": 10.48, "volume": 32892267, "typical_volume": 18295240.4, "trend": 11.625485, "fair_value": 14.427889, "relative_strength": -20.2417, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.331062, "energy": 49.909373, "activity_lines": [ 9.229333, 9.317818, 9.968699, 10.683454 ] }, { "date": "2026-07-24", "close": 11.07, "volume": 223476422, "typical_volume": 28755772.45, "trend": 11.53985, "fair_value": 14.37295, "relative_strength": -15.145174, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.290277, "energy": 19.620701, "activity_lines": [ 9.906667, 9.595091, 10.013363, 10.647616 ] }, { "date": "2026-07-31", "close": 16.440001, "volume": 235476360, "typical_volume": 39967879.65, "trend": 11.646307, "fair_value": 14.354957, "relative_strength": 28.293979, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 43.548521, "energy": 41.808709, "activity_lines": [ 12.238, 10.836727, 10.576827, 10.963755 ] }, { "date": "2026-08-07", "close": 15.52, "volume": 240469351, "typical_volume": 51365527.85, "trend": 11.717843, "fair_value": 14.338514, "relative_strength": 15.638813, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.116482, "energy": 49.243242, "activity_lines": [ 13.73, 11.799091, 11.032086, 11.21367 ] } ], "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." } } }