{ "ticker": { "uuid": "796868c4-7307-4d3a-9b37-cce44e50c456", "symbol": "603519", "name": "Jiangsu Liba Enterprise Joint-Stock 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": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 63.312, "architecture_energy": 55.461, "architecture_maturity": 19.347, "architecture_confidence": 84.719, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 23.86, "rotation_up": 69.64, "upward_expansion": 85.53, "deceleration": 45.85, "rotation_down": 10.9, "downward_expansion": 9.86 }, "activity_lines": [ 15.386, 14.85093, 14.244552, 14.03527 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 15.69, "trend_reference": 13.740983, "distance_from_trend": 0.14184, "trend_direction": "Improving", "fair_value": 11.825169, "distance_from_fair_value": 0.326831, "fair_value_direction": "Improving", "relative_strength": 18.961759, "relative_strength_direction": "Improving", "price_momentum": 0.155376, "excess_performance": 0.198579, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.14184, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.045631, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.326831, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.051851, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.189618, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.139085, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.155376, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.541319, "read": "Demand-led" } ], "volume": { "latest": 58109660, "relative_activity": 2.020439, "balance": 2.541319, "dry_up": 2.105166, "accumulation_observations": 5, "distribution_observations": 2 }, "risk": { "range_context": 0.108731, "annualized_volatility": 0.346859, "from_high_reference": -0.11406, "from_low_reference": 0.378735 }, "levels": { "trend_reference": 13.740983, "fair_value_reference": 11.825169, "structural_low": 11.566753, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 25, "median_return": -0.014782, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.020691, "regime_survival": 0.72, "best_return": 0.127076, "worst_return": -0.205823, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.034293, "positive_rate": 0.3, "directional_follow_through": 0.3, "median_excess_return": -0.050087, "regime_survival": 0.4, "best_return": 0.122024, "worst_return": -0.252631, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.015636, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.033383, "regime_survival": 0.333333, "best_return": 0.077201, "worst_return": -0.115139, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.006274, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.041481, "regime_survival": 0.0, "best_return": 0.072529, "worst_return": -0.303387, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-06", "end": "2025-01-03", "tenure": "Developing", "return": -0.202634, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-04-04", "tenure": "Established", "return": 0.145522, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-11", "end": "2025-05-16", "tenure": "Developing", "return": 0.185419, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-23", "end": "2025-05-30", "tenure": "New", "return": 0.00303, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-06", "end": "2025-09-26", "tenure": "Established", "return": -0.021589, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-03", "end": "2025-12-19", "tenure": "Developing", "return": -0.041935, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-26", "end": "2026-01-30", "tenure": "Developing", "return": 0.138307, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-02-06", "end": "2026-02-13", "tenure": "New", "return": -0.004418, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-27", "end": "2026-04-03", "tenure": "Developing", "return": -0.025129, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-10", "end": "2026-04-17", "tenure": "New", "return": 0.009312, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-06-05", "tenure": "Developing", "return": -0.166544, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-06-12", "end": "2026-06-26", "tenure": "New", "return": 0.066716, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-03", "end": "2026-07-10", "tenure": "New", "return": 0.049482, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": -0.025466, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 11.463743, "volume": 11672635, "typical_volume": 18524698.05, "trend": 10.280322, "fair_value": 9.564227, "relative_strength": 11.337297, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.445106, "energy": 45.587113, "activity_lines": [ 11.615414, 11.550699, 11.196052, 10.809095 ] }, { "date": "2023-08-04", "close": 11.503939, "volume": 14090076, "typical_volume": 18819983.8, "trend": 10.381425, "fair_value": 9.5827, "relative_strength": 11.046475, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.803219, "energy": 36.575528, "activity_lines": [ 11.556461, 11.56371, 11.263036, 10.888038 ] }, { "date": "2023-08-11", "close": 11.134141, "volume": 10148168, "typical_volume": 18732042.8, "trend": 10.461258, "fair_value": 9.600909, "relative_strength": 10.607776, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.876731, "energy": 25.392308, "activity_lines": [ 11.401575, 11.495315, 11.283095, 10.9366 ] }, { "date": "2023-08-18", "close": 11.471783, "volume": 14395985, "typical_volume": 18975708.05, "trend": 10.539058, "fair_value": 9.620151, "relative_strength": 15.738868, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.352821, "energy": 21.31808, "activity_lines": [ 11.393, 11.493269, 11.328213, 11.001796 ] }, { "date": "2023-08-25", "close": 11.568252, "volume": 18400486, "typical_volume": 19288497.35, "trend": 10.614707, "fair_value": 9.63892, "relative_strength": 18.947942, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.536323, "energy": 21.940729, "activity_lines": [ 11.440162, 11.501893, 11.373887, 11.068195 ] }, { "date": "2023-09-01", "close": 13.288617, "volume": 42023986, "typical_volume": 20326288.25, "trend": 10.740548, "fair_value": 9.669964, "relative_strength": 32.856093, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 82.167037, "energy": 55.279918, "activity_lines": [ 12.060244, 11.81761, 11.57581, 11.240705 ] }, { "date": "2023-09-08", "close": 12.54902, "volume": 31927664, "typical_volume": 20594226.45, "trend": 10.837646, "fair_value": 9.695644, "relative_strength": 25.616776, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.355331, "energy": 69.787366, "activity_lines": [ 12.312135, 11.965237, 11.694611, 11.357381 ] }, { "date": "2023-09-15", "close": 12.540981, "volume": 16172318, "typical_volume": 20329009.8, "trend": 10.939076, "fair_value": 9.723456, "relative_strength": 24.869798, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.004455, "energy": 75.347596, "activity_lines": [ 12.491675, 12.099855, 11.801952, 11.467274 ] }, { "date": "2023-09-22", "close": 12.532942, "volume": 22880348, "typical_volume": 20915181.2, "trend": 11.038705, "fair_value": 9.750593, "relative_strength": 23.527649, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.455113, "energy": 75.233093, "activity_lines": [ 12.574745, 12.216641, 11.899878, 11.570104 ] }, { "date": "2023-09-29", "close": 13.065527, "volume": 14540296, "typical_volume": 20864948.65, "trend": 11.159664, "fair_value": 9.78321, "relative_strength": 28.862229, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.317667, "energy": 69.217457, "activity_lines": [ 12.7646, 12.417398, 12.039732, 11.700866 ] }, { "date": "2023-10-13", "close": 12.575892, "volume": 13979594, "typical_volume": 20767546.55, "trend": 11.274779, "fair_value": 9.811481, "relative_strength": 24.329782, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.442228, "energy": 48.12158, "activity_lines": [ 12.691425, 12.501761, 12.119982, 11.792236 ] }, { "date": "2023-10-20", "close": 11.029676, "volume": 18939963, "typical_volume": 20883997.5, "trend": 11.340909, "fair_value": 9.830541, "relative_strength": 12.583544, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 18.689825, "energy": 15.94569, "activity_lines": [ 12.15036, 12.284773, 12.043976, 11.776423 ] }, { "date": "2023-10-27", "close": 11.098396, "volume": 17750196, "typical_volume": 20555561.8, "trend": 11.389397, "fair_value": 9.84856, "relative_strength": 11.730451, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 8.215963, "energy": 13.097914, "activity_lines": [ 11.73349, 12.088903, 11.973061, 11.760777 ] }, { "date": "2023-11-03", "close": 11.37328, "volume": 11861977, "typical_volume": 19074974.8, "trend": 11.446538, "fair_value": 9.867054, "relative_strength": 13.509951, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 10.893766, "energy": 23.005826, "activity_lines": [ 11.504422, 11.943661, 11.929795, 11.759737 ] }, { "date": "2023-11-10", "close": 11.192887, "volume": 10146144, "typical_volume": 18495046.8, "trend": 11.487189, "fair_value": 9.884313, "relative_strength": 10.974755, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -21.086216, "energy": 31.24438, "activity_lines": [ 11.292532, 11.767412, 11.868019, 11.743372 ] }, { "date": "2023-11-17", "close": 11.605212, "volume": 10258882, "typical_volume": 18334030.8, "trend": 11.519864, "fair_value": 9.903708, "relative_strength": 13.991321, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.697431, "energy": 24.936755, "activity_lines": [ 11.342928, 11.672955, 11.845806, 11.750987 ] }, { "date": "2023-11-24", "close": 11.536491, "volume": 9006928, "typical_volume": 17210422.9, "trend": 11.56098, "fair_value": 9.918763, "relative_strength": 13.293236, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -15.130558, "energy": 19.65318, "activity_lines": [ 11.435128, 11.596612, 11.816259, 11.75206 ] }, { "date": "2023-12-01", "close": 11.45059, "volume": 13488590, "typical_volume": 16952529.6, "trend": 11.585179, "fair_value": 9.929561, "relative_strength": 12.36466, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.079313, "energy": 13.989884, "activity_lines": [ 11.464907, 11.523059, 11.78033, 11.744938 ] }, { "date": "2023-12-08", "close": 11.012495, "volume": 7836204, "typical_volume": 16211082.2, "trend": 11.596052, "fair_value": 9.936186, "relative_strength": 9.870317, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -35.518985, "energy": 23.090268, "activity_lines": [ 11.325175, 11.389678, 11.703581, 11.70799 ] }, { "date": "2023-12-15", "close": 11.029676, "volume": 6427985, "typical_volume": 15797421.25, "trend": 11.618997, "fair_value": 9.945417, "relative_strength": 10.5829, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -34.925005, "energy": 32.039775, "activity_lines": [ 11.215222, 11.287066, 11.63234, 11.67145 ] }, { "date": "2023-12-22", "close": 10.969545, "volume": 7604368, "typical_volume": 15594007.9, "trend": 11.628438, "fair_value": 9.946696, "relative_strength": 10.541992, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.560739, "energy": 43.892415, "activity_lines": [ 11.096106, 11.210536, 11.557899, 11.62955 ] }, { "date": "2023-12-29", "close": 11.201478, "volume": 7226876, "typical_volume": 15250847.9, "trend": 11.644333, "fair_value": 9.956092, "relative_strength": 10.055029, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -56.497517, "energy": 52.749118, "activity_lines": [ 11.096679, 11.205382, 11.5079, 11.602004 ] }, { "date": "2024-01-05", "close": 11.364689, "volume": 10141460, "typical_volume": 15250512.5, "trend": 11.642927, "fair_value": 9.972269, "relative_strength": 12.728872, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.944051, "energy": 39.356515, "activity_lines": [ 11.173989, 11.226779, 11.474885, 11.583962 ] }, { "date": "2024-01-12", "close": 11.287379, "volume": 9068394, "typical_volume": 14984132.95, "trend": 11.649374, "fair_value": 9.990758, "relative_strength": 13.053874, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.829967, "energy": 24.084089, "activity_lines": [ 11.231257, 11.229278, 11.43341, 11.561024 ] }, { "date": "2024-01-19", "close": 10.892235, "volume": 16838441, "typical_volume": 14906030.7, "trend": 11.637291, "fair_value": 10.008157, "relative_strength": 10.350017, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.31026, "energy": 33.202385, "activity_lines": [ 11.138484, 11.161495, 11.35518, 11.512176 ] }, { "date": "2024-01-26", "close": 10.780563, "volume": 17786792, "typical_volume": 13694171.0, "trend": 11.615323, "fair_value": 10.025309, "relative_strength": 5.800373, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.503124, "energy": 39.7768, "activity_lines": [ 11.01765, 11.078874, 11.269533, 11.456903 ] }, { "date": "2024-02-02", "close": 9.818474, "volume": 13593450, "typical_volume": 12777460.3, "trend": 11.545474, "fair_value": 10.036449, "relative_strength": 2.293553, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.405445, "energy": 73.076459, "activity_lines": [ 10.588718, 10.836321, 11.104203, 11.340978 ] }, { "date": "2024-02-09", "close": 10.522861, "volume": 14801084, "typical_volume": 12708898.6, "trend": 11.508216, "fair_value": 10.050662, "relative_strength": 4.008745, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.997951, "energy": 65.091928, "activity_lines": [ 10.486783, 10.753075, 11.018959, 11.275003 ] }, { "date": "2024-02-23", "close": 10.763383, "volume": 14377773, "typical_volume": 12283769.85, "trend": 11.472812, "fair_value": 10.06626, "relative_strength": 1.120414, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.647197, "energy": 56.313707, "activity_lines": [ 10.521143, 10.730429, 10.966232, 11.226949 ] }, { "date": "2024-03-01", "close": 10.986726, "volume": 18896601, "typical_volume": 12501585.1, "trend": 11.453696, "fair_value": 10.082159, "relative_strength": 2.084959, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.065302, "energy": 37.969315, "activity_lines": [ 10.664884, 10.752919, 10.943202, 11.195589 ] }, { "date": "2024-03-08", "close": 10.995316, "volume": 12169980, "typical_volume": 12411104.4, "trend": 11.438082, "fair_value": 10.092184, "relative_strength": 1.150843, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.027458, "energy": 20.110532, "activity_lines": [ 10.805189, 10.777752, 10.93089, 11.166016 ] }, { "date": "2024-03-15", "close": 10.892235, "volume": 15584952, "typical_volume": 12243353.85, "trend": 11.417691, "fair_value": 10.100183, "relative_strength": -0.471943, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.96251, "energy": 17.7742, "activity_lines": [ 10.896816, 10.783375, 10.916287, 11.1308 ] }, { "date": "2024-03-22", "close": 10.668893, "volume": 11076107, "typical_volume": 11909649.4, "trend": 11.402183, "fair_value": 10.108662, "relative_strength": -2.654818, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.316056, "energy": 17.800409, "activity_lines": [ 10.842413, 10.754013, 10.881068, 11.08249 ] }, { "date": "2024-03-29", "close": 10.660301, "volume": 7271192, "typical_volume": 11680110.15, "trend": 11.375134, "fair_value": 10.116306, "relative_strength": -2.888825, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.90318, "energy": 18.920625, "activity_lines": [ 10.775409, 10.735739, 10.847075, 11.034627 ] }, { "date": "2024-04-05", "close": 10.617351, "volume": 6100827, "typical_volume": 11477844.3, "trend": 11.343437, "fair_value": 10.120787, "relative_strength": -4.424204, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.358875, "energy": 26.51053, "activity_lines": [ 10.700962, 10.721057, 10.812388, 10.985738 ] }, { "date": "2024-04-12", "close": 10.694662, "volume": 12488024, "typical_volume": 11589301.4, "trend": 11.256972, "fair_value": 10.128534, "relative_strength": -2.445912, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.094845, "energy": 26.055547, "activity_lines": [ 10.676909, 10.72543, 10.787804, 10.943881 ] }, { "date": "2024-04-19", "close": 11.278789, "volume": 35811236, "typical_volume": 12929516.8, "trend": 11.214631, "fair_value": 10.13944, "relative_strength": 0.980553, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.54137, "energy": 6.337466, "activity_lines": [ 10.867609, 10.83757, 10.823187, 10.945289 ] }, { "date": "2024-04-26", "close": 11.218657, "volume": 22704733, "typical_volume": 13390323.95, "trend": 11.170553, "fair_value": 10.146295, "relative_strength": -0.553804, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.743407, "energy": 8.563659, "activity_lines": [ 11.012495, 10.912226, 10.85407, 10.945548 ] }, { "date": "2024-05-03", "close": 10.797743, "volume": 14052712, "typical_volume": 13701149.35, "trend": 11.112713, "fair_value": 10.149983, "relative_strength": -4.962546, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.44032, "energy": 12.188567, "activity_lines": [ 10.980426, 10.897701, 10.845971, 10.921496 ] }, { "date": "2024-05-10", "close": 11.347509, "volume": 24596263, "typical_volume": 14609563.25, "trend": 11.055446, "fair_value": 10.155908, "relative_strength": -1.888783, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.117975, "energy": 17.709447, "activity_lines": [ 11.122449, 10.982508, 10.891253, 10.936644 ] }, { "date": "2024-05-17", "close": 11.364689, "volume": 12953164, "typical_volume": 14877003.05, "trend": 11.015073, "fair_value": 10.164829, "relative_strength": -1.928972, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.961804, "energy": 32.448284, "activity_lines": [ 11.221521, 11.06388, 10.936657, 10.956595 ] }, { "date": "2024-05-24", "close": 11.313149, "volume": 16202763, "typical_volume": 15325797.4, "trend": 11.024522, "fair_value": 10.169364, "relative_strength": -0.575885, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.717887, "energy": 29.185144, "activity_lines": [ 11.258745, 11.129164, 10.975272, 10.975826 ] }, { "date": "2024-05-31", "close": 11.45059, "volume": 11262657, "typical_volume": 15381857.25, "trend": 11.036262, "fair_value": 10.17712, "relative_strength": 0.460463, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.728917, "energy": 41.361036, "activity_lines": [ 11.339492, 11.211786, 11.026444, 11.003314 ] }, { "date": "2024-06-07", "close": 11.106987, "volume": 12673995, "typical_volume": 15562137.3, "trend": 11.027385, "fair_value": 10.183453, "relative_strength": -1.57394, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.829686, "energy": 24.321065, "activity_lines": [ 11.290242, 11.217721, 11.044483, 11.007877 ] }, { "date": "2024-06-14", "close": 10.522861, "volume": 9955834, "typical_volume": 15218006.95, "trend": 11.005051, "fair_value": 10.186939, "relative_strength": -6.14685, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -9.886008, "energy": 6.066641, "activity_lines": [ 11.025667, 11.109329, 11.007751, 10.975327 ] }, { "date": "2024-06-21", "close": 10.909415, "volume": 9071982, "typical_volume": 14782266.45, "trend": 10.981858, "fair_value": 10.199144, "relative_strength": -1.684815, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.385997, "energy": 6.265316, "activity_lines": [ 10.944921, 11.072939, 11.009591, 10.969157 ] }, { "date": "2024-06-28", "close": 10.495746, "volume": 26933034, "typical_volume": 15449245.65, "trend": 10.947166, "fair_value": 10.206864, "relative_strength": -4.482083, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -26.332392, "energy": 21.74828, "activity_lines": [ 10.756636, 10.957431, 10.971422, 10.937795 ] }, { "date": "2024-07-05", "close": 10.319424, "volume": 19784192, "typical_volume": 15698401.05, "trend": 10.909461, "fair_value": 10.210035, "relative_strength": -5.491761, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -31.052482, "energy": 27.000704, "activity_lines": [ 10.564071, 10.824102, 10.913234, 10.897296 ] }, { "date": "2024-07-12", "close": 9.419258, "volume": 13660878, "typical_volume": 15662556.3, "trend": 10.856353, "fair_value": 10.207673, "relative_strength": -14.110219, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -77.770919, "energy": 67.36236, "activity_lines": [ 10.146861, 10.543456, 10.770285, 10.801154 ] }, { "date": "2024-07-19", "close": 9.270778, "volume": 8965835, "typical_volume": 15166018.0, "trend": 10.797723, "fair_value": 10.202368, "relative_strength": -15.541813, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.016037, "energy": 77.931102, "activity_lines": [ 9.792673, 10.260877, 10.619596, 10.698859 ] }, { "date": "2024-07-26", "close": 8.918135, "volume": 8246800, "typical_volume": 14969859.0, "trend": 10.729343, "fair_value": 10.188874, "relative_strength": -15.93613, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.590728, "energy": 84.127267, "activity_lines": [ 9.40441, 9.951939, 10.443493, 10.577595 ] }, { "date": "2024-08-02", "close": 8.676854, "volume": 11835110, "typical_volume": 14782366.9, "trend": 10.645188, "fair_value": 10.179097, "relative_strength": -18.333353, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.779337, "energy": 88.217416, "activity_lines": [ 9.068472, 9.643616, 10.254302, 10.445176 ] }, { "date": "2024-08-09", "close": 8.463412, "volume": 7286088, "typical_volume": 14592865.95, "trend": 10.548479, "fair_value": 10.164348, "relative_strength": -18.910235, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.659115, "energy": 90.829457, "activity_lines": [ 8.782646, 9.344417, 10.055333, 10.304416 ] }, { "date": "2024-08-16", "close": 8.593333, "volume": 5310998, "typical_volume": 14494856.25, "trend": 10.458678, "fair_value": 10.153941, "relative_strength": -17.935701, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.120402, "energy": 86.833628, "activity_lines": [ 8.663862, 9.123153, 9.879239, 10.178278 ] }, { "date": "2024-08-23", "close": 8.175731, "volume": 5493116, "typical_volume": 14464470.7, "trend": 10.368128, "fair_value": 10.142517, "relative_strength": -20.97622, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.214139, "energy": 88.046966, "activity_lines": [ 8.460938, 8.871663, 9.673217, 10.030991 ] }, { "date": "2024-08-30", "close": 8.407733, "volume": 6910170, "typical_volume": 14185578.0, "trend": 10.289033, "fair_value": 10.126416, "relative_strength": -18.079988, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.071364, "energy": 77.006368, "activity_lines": [ 8.408351, 8.705032, 9.500916, 9.904514 ] }, { "date": "2024-09-06", "close": 8.444853, "volume": 5192301, "typical_volume": 12654631.25, "trend": 10.243246, "fair_value": 10.113682, "relative_strength": -15.118788, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.212357, "energy": 63.745353, "activity_lines": [ 8.402165, 8.590634, 9.343041, 9.785535 ] }, { "date": "2024-09-13", "close": 8.222131, "volume": 3879048, "typical_volume": 11713347.0, "trend": 10.166555, "fair_value": 10.101654, "relative_strength": -14.925201, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.906053, "energy": 67.147136, "activity_lines": [ 8.337204, 8.47303, 9.17745, 9.65514 ] }, { "date": "2024-09-20", "close": 8.741815, "volume": 7740984, "typical_volume": 11397760.6, "trend": 10.099169, "fair_value": 10.096657, "relative_strength": -10.227553, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.095801, "energy": 53.487599, "activity_lines": [ 8.461557, 8.488047, 9.075621, 9.563221 ] }, { "date": "2024-09-27", "close": 10.013182, "volume": 55461098, "typical_volume": 12941002.35, "trend": 10.066718, "fair_value": 10.098292, "relative_strength": -8.466299, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.006047, "energy": 21.035512, "activity_lines": [ 8.9998, 8.746539, 9.104665, 9.557674 ] }, { "date": "2024-10-04", "close": 10.792707, "volume": 17435082, "typical_volume": 13165098.25, "trend": 10.059964, "fair_value": 10.104971, "relative_strength": -8.321041, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 7.414085, "energy": 26.156978, "activity_lines": [ 9.675388, 9.133264, 9.214303, 9.604512 ] }, { "date": "2024-10-11", "close": 10.579266, "volume": 50167218, "typical_volume": 14863321.0, "trend": 10.049532, "fair_value": 10.111516, "relative_strength": -6.351528, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.157108, "energy": 44.158053, "activity_lines": [ 10.120831, 9.447099, 9.306338, 9.638015 ] }, { "date": "2024-10-18", "close": 10.727747, "volume": 75201380, "typical_volume": 18060257.15, "trend": 10.051494, "fair_value": 10.119533, "relative_strength": -5.909488, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.224999, "energy": 46.527157, "activity_lines": [ 10.473473, 9.753341, 9.416008, 9.681771 ] }, { "date": "2024-10-25", "close": 11.377351, "volume": 44489472, "typical_volume": 19651031.0, "trend": 10.075395, "fair_value": 10.131762, "relative_strength": -1.229752, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.428657, "energy": 67.340396, "activity_lines": [ 10.875609, 10.136523, 9.590987, 9.76731 ] }, { "date": "2024-11-01", "close": 11.22887, "volume": 55867816, "typical_volume": 21946630.1, "trend": 10.095779, "fair_value": 10.144463, "relative_strength": -1.560594, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.122681, "energy": 66.258564, "activity_lines": [ 11.052549, 10.44209, 9.750538, 9.841728 ] }, { "date": "2024-11-08", "close": 11.692873, "volume": 33915392, "typical_volume": 23188800.6, "trend": 10.129053, "fair_value": 10.159189, "relative_strength": -2.649575, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 50.798731, "energy": 67.10978, "activity_lines": [ 11.303111, 10.776509, 9.950918, 9.944766 ] }, { "date": "2024-11-15", "close": 11.28455, "volume": 34375876, "typical_volume": 23560942.7, "trend": 10.129245, "fair_value": 10.164942, "relative_strength": -2.460821, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.771579, "energy": 48.044269, "activity_lines": [ 11.357553, 10.976959, 10.108679, 10.019314 ] }, { "date": "2024-11-22", "close": 11.637192, "volume": 22803192, "typical_volume": 23711892.7, "trend": 10.143196, "fair_value": 10.174854, "relative_strength": 2.67844, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.629501, "energy": 44.161937, "activity_lines": [ 11.482525, 11.189894, 10.296268, 10.116601 ] }, { "date": "2024-11-29", "close": 11.692873, "volume": 18710196, "typical_volume": 23964358.6, "trend": 10.173034, "fair_value": 10.187256, "relative_strength": 1.488388, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 66.207326, "energy": 51.614366, "activity_lines": [ 11.565427, 11.35086, 10.482886, 10.216581 ] }, { "date": "2024-12-06", "close": 12.685839, "volume": 35318595, "typical_volume": 25281996.6, "trend": 10.217645, "fair_value": 10.205217, "relative_strength": 7.626285, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.1569, "energy": 56.695924, "activity_lines": [ 11.958282, 11.638711, 10.753245, 10.378697 ] }, { "date": "2024-12-13", "close": 13.697365, "volume": 69446491, "typical_volume": 28341981.15, "trend": 10.295401, "fair_value": 10.22639, "relative_strength": 16.41271, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.356842, "energy": 70.001373, "activity_lines": [ 12.591182, 12.061882, 11.103678, 10.603195 ] }, { "date": "2024-12-20", "close": 12.277515, "volume": 38172929, "typical_volume": 29658872.1, "trend": 10.327546, "fair_value": 10.235854, "relative_strength": 5.14322, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.195891, "energy": 54.379033, "activity_lines": [ 12.617166, 12.174086, 11.296128, 10.731073 ] }, { "date": "2024-12-27", "close": 11.40519, "volume": 22306430, "typical_volume": 30409889.2, "trend": 10.326033, "fair_value": 10.232659, "relative_strength": -3.028552, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.11647, "energy": 46.945767, "activity_lines": [ 12.286177, 12.096808, 11.388354, 10.800599 ] }, { "date": "2025-01-03", "close": 10.115262, "volume": 14043876, "typical_volume": 30846533.1, "trend": 10.292975, "fair_value": 10.225416, "relative_strength": -8.629544, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 27.170167, "energy": 20.450265, "activity_lines": [ 11.540679, 11.772681, 11.343721, 10.787001 ] }, { "date": "2025-01-10", "close": 9.948222, "volume": 16075796, "typical_volume": 31375667.1, "trend": 10.273821, "fair_value": 10.21568, "relative_strength": -8.543955, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.952302, "energy": 19.765161, "activity_lines": [ 10.844675, 11.44113, 11.275933, 10.764759 ] }, { "date": "2025-01-17", "close": 10.412225, "volume": 14663964, "typical_volume": 31763356.8, "trend": 10.257248, "fair_value": 10.211574, "relative_strength": -6.071753, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.198459, "energy": 23.862307, "activity_lines": [ 10.485846, 11.217227, 11.243894, 10.773688 ] }, { "date": "2025-01-24", "close": 10.727747, "volume": 14190278, "typical_volume": 32213255.65, "trend": 10.264981, "fair_value": 10.214327, "relative_strength": -3.248976, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.707741, "energy": 23.949355, "activity_lines": [ 10.451201, 11.073977, 11.232361, 10.804043 ] }, { "date": "2025-01-31", "close": 10.894788, "volume": 3113000, "typical_volume": 32174953.25, "trend": 10.28416, "fair_value": 10.214121, "relative_strength": -1.485222, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.730622, "energy": 19.03161, "activity_lines": [ 10.575554, 10.971222, 11.225865, 10.844675 ] }, { "date": "2025-02-07", "close": 10.978308, "volume": 11175775, "typical_volume": 32346692.8, "trend": 10.336128, "fair_value": 10.217484, "relative_strength": -2.173456, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.167082, "energy": 10.910729, "activity_lines": [ 10.761774, 10.89715, 11.214596, 10.889459 ] }, { "date": "2025-02-14", "close": 11.25671, "volume": 16032600, "typical_volume": 30375267.9, "trend": 10.402326, "fair_value": 10.225194, "relative_strength": -0.810054, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.044307, "energy": 14.258768, "activity_lines": [ 10.983258, 10.886689, 11.219192, 10.948851 ] }, { "date": "2025-02-21", "close": 11.330951, "volume": 12239908, "typical_volume": 30115509.2, "trend": 10.482753, "fair_value": 10.238027, "relative_strength": -0.984437, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.204765, "energy": 20.075554, "activity_lines": [ 11.142256, 10.91571, 11.224937, 11.008763 ] }, { "date": "2025-02-28", "close": 11.40519, "volume": 16428476, "typical_volume": 28428572.1, "trend": 10.573698, "fair_value": 10.255509, "relative_strength": 1.523962, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 37.988937, "energy": 23.458316, "activity_lines": [ 11.264753, 11.001255, 11.235189, 11.068275 ] }, { "date": "2025-03-07", "close": 11.460872, "volume": 10333972, "typical_volume": 25185201.7, "trend": 10.673613, "fair_value": 10.274581, "relative_strength": 0.578137, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 40.783166, "energy": 26.195138, "activity_lines": [ 11.360647, 11.112785, 11.246811, 11.125512 ] }, { "date": "2025-03-14", "close": 11.488711, "volume": 11726008, "typical_volume": 23547028.5, "trend": 10.770126, "fair_value": 10.291223, "relative_strength": -0.446996, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 43.560392, "energy": 29.258236, "activity_lines": [ 11.428082, 11.228364, 11.257594, 11.178099 ] }, { "date": "2025-03-21", "close": 11.553672, "volume": 24901236, "typical_volume": 21998699.5, "trend": 10.882724, "fair_value": 10.307523, "relative_strength": 1.782981, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 56.254001, "energy": 36.980005, "activity_lines": [ 11.483143, 11.330782, 11.274033, 11.22865 ] }, { "date": "2025-03-28", "close": 11.414471, "volume": 11457172, "typical_volume": 20875788.5, "trend": 10.982948, "fair_value": 10.32018, "relative_strength": 1.01969, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 52.133899, "energy": 34.433077, "activity_lines": [ 11.472007, 11.378701, 11.275668, 11.262957 ] }, { "date": "2025-04-04", "close": 11.39591, "volume": 8026385, "typical_volume": 19558313.95, "trend": 11.081317, "fair_value": 10.339357, "relative_strength": 1.164499, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 41.004753, "energy": 26.851297, "activity_lines": [ 11.449116, 11.405022, 11.276861, 11.289599 ] }, { "date": "2025-04-11", "close": 10.310143, "volume": 17157098, "typical_volume": 19276009.25, "trend": 11.150917, "fair_value": 10.352854, "relative_strength": -5.34752, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.367692, "energy": 15.092751, "activity_lines": [ 11.064922, 11.221783, 11.174117, 11.239846 ] }, { "date": "2025-04-18", "close": 10.764867, "volume": 16635499, "typical_volume": 19172274.4, "trend": 11.218352, "fair_value": 10.369741, "relative_strength": -2.113514, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -40.738229, "energy": 30.655947, "activity_lines": [ 10.909017, 11.131851, 11.121, 11.21494 ] }, { "date": "2025-04-25", "close": 11.451591, "volume": 22134748, "typical_volume": 18513082.05, "trend": 11.266299, "fair_value": 10.388517, "relative_strength": 3.644849, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -25.785717, "energy": 19.550176, "activity_lines": [ 11.030276, 11.170658, 11.137704, 11.229987 ] }, { "date": "2025-05-02", "close": 11.40519, "volume": 6352000, "typical_volume": 15358357.5, "trend": 11.286715, "fair_value": 10.406663, "relative_strength": 3.729196, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -25.566394, "energy": 16.902843, "activity_lines": [ 11.142874, 11.197486, 11.155866, 11.238948 ] }, { "date": "2025-05-09", "close": 11.915594, "volume": 11050860, "typical_volume": 14002254.05, "trend": 11.33126, "fair_value": 10.432965, "relative_strength": 6.348791, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 21.290931, "energy": 15.263156, "activity_lines": [ 11.426225, 11.315765, 11.233554, 11.279521 ] }, { "date": "2025-05-16", "close": 12.221836, "volume": 14936804, "typical_volume": 13633772.75, "trend": 11.381063, "fair_value": 10.463839, "relative_strength": 8.240995, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 38.425212, "energy": 38.629097, "activity_lines": [ 11.777012, 11.480443, 11.34213, 11.336977 ] }, { "date": "2025-05-23", "close": 12.249676, "volume": 18995816, "typical_volume": 13881369.75, "trend": 11.41014, "fair_value": 10.496741, "relative_strength": 9.108669, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.550597, "energy": 52.336183, "activity_lines": [ 12.009632, 11.636348, 11.44947, 11.393017 ] }, { "date": "2025-05-30", "close": 12.286796, "volume": 8751972, "typical_volume": 13515178.55, "trend": 11.445404, "fair_value": 10.528553, "relative_strength": 9.492765, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 66.129914, "energy": 68.058122, "activity_lines": [ 12.155638, 11.785167, 11.550181, 11.449575 ] }, { "date": "2025-06-06", "close": 12.806479, "volume": 10724996, "typical_volume": 13318230.15, "trend": 11.482525, "fair_value": 10.560424, "relative_strength": 12.754847, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.887622, "energy": 73.581254, "activity_lines": [ 12.419192, 12.015143, 11.689249, 11.537387 ] }, { "date": "2025-06-13", "close": 12.08, "volume": 23383148, "typical_volume": 13777873.65, "trend": 11.50904, "fair_value": 10.587021, "relative_strength": 6.556389, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.527898, "energy": 56.316812, "activity_lines": [ 12.347166, 12.087724, 11.747727, 11.575933 ] }, { "date": "2025-06-20", "close": 11.94, "volume": 11450856, "typical_volume": 14194766.45, "trend": 11.519133, "fair_value": 10.61348, "relative_strength": 5.909124, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.701425, "energy": 37.325811, "activity_lines": [ 12.217514, 12.122412, 11.786433, 11.603737 ] }, { "date": "2025-06-27", "close": 12.06, "volume": 11931420, "typical_volume": 14232548.7, "trend": 11.531371, "fair_value": 10.636487, "relative_strength": 4.972847, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.779845, "energy": 28.147041, "activity_lines": [ 12.14665, 12.149284, 11.831591, 11.638632 ] }, { "date": "2025-07-04", "close": 12.43, "volume": 14363788, "typical_volume": 14149108.1, "trend": 11.522843, "fair_value": 10.658574, "relative_strength": 6.645066, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.739822, "energy": 25.376627, "activity_lines": [ 12.211765, 12.219881, 11.906835, 11.696608 ] }, { "date": "2025-07-11", "close": 12.55, "volume": 15328320, "typical_volume": 14303528.7, "trend": 11.484597, "fair_value": 10.682806, "relative_strength": 6.266623, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.859869, "energy": 34.803498, "activity_lines": [ 12.307333, 12.294507, 11.987921, 11.762876 ] }, { "date": "2025-07-18", "close": 12.51, "volume": 10636560, "typical_volume": 14013932.9, "trend": 11.492347, "fair_value": 10.705995, "relative_strength": 4.941061, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.296238, "energy": 47.030698, "activity_lines": [ 12.406667, 12.341045, 12.059392, 11.829031 ] }, { "date": "2025-07-25", "close": 12.58, "volume": 15106784, "typical_volume": 14252573.5, "trend": 11.531507, "fair_value": 10.729044, "relative_strength": 3.545229, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.135228, "energy": 60.13158, "activity_lines": [ 12.500667, 12.389504, 12.13227, 11.899202 ] }, { "date": "2025-08-01", "close": 12.22, "volume": 13414448, "typical_volume": 14336995.5, "trend": 11.601665, "fair_value": 10.747819, "relative_strength": 1.27733, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.504848, "energy": 45.944392, "activity_lines": [ 12.432, 12.365996, 12.165532, 11.943621 ] }, { "date": "2025-08-08", "close": 12.83, "volume": 13154870, "typical_volume": 13749677.2, "trend": 11.697724, "fair_value": 10.770111, "relative_strength": 3.796744, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.945231, "energy": 46.904248, "activity_lines": [ 12.556, 12.453936, 12.253407, 12.022869 ] }, { "date": "2025-08-15", "close": 12.91, "volume": 16813040, "typical_volume": 14017470.6, "trend": 11.780983, "fair_value": 10.787805, "relative_strength": 2.408237, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.091557, "energy": 44.723626, "activity_lines": [ 12.68, 12.546545, 12.342823, 12.10108 ] }, { "date": "2025-08-22", "close": 13.76, "volume": 20518064, "typical_volume": 14642054.55, "trend": 11.882058, "fair_value": 10.809376, "relative_strength": 5.036927, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.810009, "energy": 71.191271, "activity_lines": [ 13.063333, 12.791818, 12.506071, 12.228759 ] }, { "date": "2025-08-29", "close": 12.99, "volume": 28154848, "typical_volume": 15191942.05, "trend": 11.951899, "fair_value": 10.825912, "relative_strength": -1.892983, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.19261, "energy": 64.682745, "activity_lines": [ 13.106667, 12.866545, 12.584727, 12.300239 ] }, { "date": "2025-09-05", "close": 12.92, "volume": 13905842, "typical_volume": 15055459.2, "trend": 12.016622, "fair_value": 10.839592, "relative_strength": -1.444639, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.853748, "energy": 57.724578, "activity_lines": [ 13.099333, 12.909455, 12.643955, 12.362697 ] }, { "date": "2025-09-12", "close": 12.74, "volume": 11718138, "typical_volume": 14534628.7, "trend": 12.066065, "fair_value": 10.852511, "relative_strength": -4.410173, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.98803, "energy": 43.968932, "activity_lines": [ 12.985333, 12.904, 12.675778, 12.409366 ] }, { "date": "2025-09-19", "close": 13.24, "volume": 25861377, "typical_volume": 15510097.55, "trend": 12.1297, "fair_value": 10.867849, "relative_strength": 0.50235, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.010915, "energy": 36.15956, "activity_lines": [ 13.044, 12.983818, 12.749085, 12.485104 ] }, { "date": "2025-09-26", "close": 12.53, "volume": 34738846, "typical_volume": 16694496.85, "trend": 12.167194, "fair_value": 10.883058, "relative_strength": -5.102217, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.653529, "energy": 19.781769, "activity_lines": [ 12.844, 12.922, 12.746036, 12.51093 ] }, { "date": "2025-10-03", "close": 12.4, "volume": 6814699, "typical_volume": 16288391.6, "trend": 12.198498, "fair_value": 10.898073, "relative_strength": -7.38788, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.680641, "energy": 15.427762, "activity_lines": [ 12.682667, 12.836182, 12.72768, 12.52595 ] }, { "date": "2025-10-10", "close": 12.35, "volume": 6997352, "typical_volume": 15688468.4, "trend": 12.227208, "fair_value": 10.914635, "relative_strength": -8.037738, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.272654, "energy": 13.826954, "activity_lines": [ 12.544, 12.744545, 12.703713, 12.535724 ] }, { "date": "2025-10-17", "close": 12.0, "volume": 13792244, "typical_volume": 15940482.0, "trend": 12.242085, "fair_value": 10.927184, "relative_strength": -9.228089, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.775809, "energy": 17.809672, "activity_lines": [ 12.326667, 12.586909, 12.645936, 12.521065 ] }, { "date": "2025-10-24", "close": 12.46, "volume": 11368829, "typical_volume": 15972673.65, "trend": 12.276936, "fair_value": 10.944156, "relative_strength": -8.235713, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.100862, "energy": 16.754582, "activity_lines": [ 12.312, 12.528, 12.633333, 12.535124 ] }, { "date": "2025-10-31", "close": 12.86, "volume": 22265417, "typical_volume": 15916787.1, "trend": 12.325739, "fair_value": 10.961726, "relative_strength": -5.301682, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.002125, "energy": 13.744166, "activity_lines": [ 12.482667, 12.55, 12.660476, 12.572742 ] }, { "date": "2025-11-07", "close": 13.05, "volume": 14320496, "typical_volume": 16060269.1, "trend": 12.417068, "fair_value": 10.986853, "relative_strength": -4.865352, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.373207, "energy": 15.8251, "activity_lines": [ 12.694667, 12.622909, 12.702, 12.619468 ] }, { "date": "2025-11-14", "close": 13.12, "volume": 12189045, "typical_volume": 16073150.35, "trend": 12.495572, "fair_value": 11.01469, "relative_strength": -4.131906, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.578825, "energy": 29.054474, "activity_lines": [ 12.886667, 12.707455, 12.744905, 12.664819 ] }, { "date": "2025-11-21", "close": 12.16, "volume": 13183184, "typical_volume": 16014120.15, "trend": 12.519186, "fair_value": 11.032491, "relative_strength": -7.338283, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.357654, "energy": 14.291429, "activity_lines": [ 12.707333, 12.613818, 12.691333, 12.643169 ] }, { "date": "2025-11-28", "close": 12.67, "volume": 10846264, "typical_volume": 15790017.35, "trend": 12.561346, "fair_value": 11.054445, "relative_strength": -4.647743, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 31.448639, "energy": 16.516579, "activity_lines": [ 12.687333, 12.623455, 12.687619, 12.652899 ] }, { "date": "2025-12-05", "close": 12.61, "volume": 14040354, "typical_volume": 15960207.05, "trend": 12.584493, "fair_value": 11.073558, "relative_strength": -5.180379, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.203996, "energy": 10.310293, "activity_lines": [ 12.633333, 12.632545, 12.677619, 12.656038 ] }, { "date": "2025-12-12", "close": 12.2, "volume": 19715586, "typical_volume": 16190647.15, "trend": 12.583765, "fair_value": 11.092401, "relative_strength": -7.47506, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -26.902112, "energy": 19.916663, "activity_lines": [ 12.459333, 12.565636, 12.628095, 12.631232 ] }, { "date": "2025-12-19", "close": 11.88, "volume": 17838890, "typical_volume": 16411869.25, "trend": 12.571442, "fair_value": 11.107768, "relative_strength": -9.624161, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -37.363203, "energy": 42.827516, "activity_lines": [ 12.235333, 12.444182, 12.549905, 12.585827 ] }, { "date": "2025-12-26", "close": 11.93, "volume": 9078008, "typical_volume": 16208026.15, "trend": 12.559549, "fair_value": 11.122817, "relative_strength": -10.745554, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.359369, "energy": 63.561631, "activity_lines": [ 12.110667, 12.340364, 12.478095, 12.544444 ] }, { "date": "2026-01-02", "close": 12.03, "volume": 6112200, "typical_volume": 15672984.15, "trend": 12.533667, "fair_value": 11.14116, "relative_strength": -10.053579, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.290418, "energy": 65.078537, "activity_lines": [ 12.034667, 12.256, 12.420095, 12.51028 ] }, { "date": "2026-01-09", "close": 12.2, "volume": 13572384, "typical_volume": 15325700.15, "trend": 12.537667, "fair_value": 11.164377, "relative_strength": -12.048539, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.454221, "energy": 58.829126, "activity_lines": [ 12.058, 12.210364, 12.382476, 12.488753 ] }, { "date": "2026-01-16", "close": 12.59, "volume": 16800808, "typical_volume": 14757998.15, "trend": 12.559333, "fair_value": 11.190782, "relative_strength": -8.753045, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.818126, "energy": 26.125771, "activity_lines": [ 12.238667, 12.247636, 12.389429, 12.492129 ] }, { "date": "2026-01-23", "close": 13.08, "volume": 15608656, "typical_volume": 14843138.85, "trend": 12.593333, "fair_value": 11.218608, "relative_strength": -5.913682, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -6.628513, "energy": 11.012001, "activity_lines": [ 12.556667, 12.382364, 12.444952, 12.52572 ] }, { "date": "2026-01-30", "close": 13.58, "volume": 23725840, "typical_volume": 15443523.95, "trend": 12.631667, "fair_value": 11.247084, "relative_strength": -1.854761, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 36.699352, "energy": 35.663441, "activity_lines": [ 12.961333, 12.608727, 12.547333, 12.589376 ] }, { "date": "2026-02-06", "close": 13.58, "volume": 16275392, "typical_volume": 14964224.7, "trend": 12.666, "fair_value": 11.274528, "relative_strength": -0.600404, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 35.900239, "energy": 50.634954, "activity_lines": [ 13.256, 12.809273, 12.645714, 12.650559 ] }, { "date": "2026-02-13", "close": 13.52, "volume": 12825620, "typical_volume": 13868563.4, "trend": 12.699667, "fair_value": 11.300211, "relative_strength": -1.410306, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 67.32672, "energy": 73.400429, "activity_lines": [ 13.427333, 12.982364, 12.736762, 12.705656 ] }, { "date": "2026-02-27", "close": 13.53, "volume": 11661960, "typical_volume": 14110926.45, "trend": 12.731333, "fair_value": 11.325172, "relative_strength": -3.195455, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.777962, "energy": 76.180686, "activity_lines": [ 13.514, 13.140727, 12.824048, 12.759226 ] }, { "date": "2026-03-06", "close": 13.69, "volume": 17616534, "typical_volume": 14641885.55, "trend": 12.780333, "fair_value": 11.352043, "relative_strength": -1.066743, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.896367, "energy": 74.11706, "activity_lines": [ 13.591333, 13.304, 12.92119, 12.821075 ] }, { "date": "2026-03-13", "close": 13.74, "volume": 13592614, "typical_volume": 14631904.05, "trend": 12.810667, "fair_value": 11.37894, "relative_strength": 0.016383, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.609827, "energy": 64.551831, "activity_lines": [ 13.644667, 13.443455, 13.016714, 12.882989 ] }, { "date": "2026-03-20", "close": 13.23, "volume": 21535400, "typical_volume": 15140232.6, "trend": 12.821333, "fair_value": 11.403256, "relative_strength": -0.318536, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.160362, "energy": 43.129829, "activity_lines": [ 13.517333, 13.457273, 13.055381, 12.910043 ] }, { "date": "2026-03-27", "close": 13.33, "volume": 17536706, "typical_volume": 14903797.05, "trend": 12.807, "fair_value": 11.430227, "relative_strength": 1.562955, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.640196, "energy": 32.486938, "activity_lines": [ 13.446667, 13.467455, 13.099905, 12.94286 ] }, { "date": "2026-04-03", "close": 13.19, "volume": 14091744, "typical_volume": 14892359.45, "trend": 12.813667, "fair_value": 11.456793, "relative_strength": 1.37106, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.564045, "energy": 23.245999, "activity_lines": [ 13.342, 13.431636, 13.128857, 12.96757 ] }, { "date": "2026-04-10", "close": 13.96, "volume": 14613036, "typical_volume": 15013559.0, "trend": 12.848333, "fair_value": 11.484461, "relative_strength": 4.377261, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.037485, "energy": 28.796631, "activity_lines": [ 13.516667, 13.524909, 13.230476, 13.041527 ] }, { "date": "2026-04-17", "close": 14.09, "volume": 24702479, "typical_volume": 15589523.75, "trend": 12.893333, "fair_value": 11.512865, "relative_strength": 3.479544, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 65.164819, "energy": 38.718105, "activity_lines": [ 13.716667, 13.625818, 13.340476, 13.121634 ] }, { "date": "2026-04-24", "close": 14.08, "volume": 23813704, "typical_volume": 16237895.75, "trend": 12.921333, "fair_value": 11.539189, "relative_strength": 2.587064, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.063818, "energy": 46.871959, "activity_lines": [ 13.89, 13.715636, 13.440333, 13.198194 ] }, { "date": "2026-05-01", "close": 14.44, "volume": 19535656, "typical_volume": 16512660.85, "trend": 12.985, "fair_value": 11.563645, "relative_strength": 4.363101, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.841699, "energy": 65.181906, "activity_lines": [ 14.126667, 13.861818, 13.567762, 13.296172 ] }, { "date": "2026-05-08", "close": 14.78, "volume": 14687743, "typical_volume": 16261268.7, "trend": 13.064333, "fair_value": 11.592343, "relative_strength": 5.053255, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.470576, "energy": 75.593704, "activity_lines": [ 14.402667, 14.053091, 13.718857, 13.411978 ] }, { "date": "2026-05-15", "close": 13.36, "volume": 31105240, "typical_volume": 16924586.2, "trend": 13.098, "fair_value": 11.609237, "relative_strength": -3.83257, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.006412, "energy": 40.229873, "activity_lines": [ 14.099333, 13.963455, 13.722429, 13.431054 ] }, { "date": "2026-05-22", "close": 13.37, "volume": 21665602, "typical_volume": 17553965.9, "trend": 13.143667, "fair_value": 11.62644, "relative_strength": -3.024133, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 35.992854, "energy": 23.288128, "activity_lines": [ 13.839333, 13.881636, 13.719905, 13.448602 ] }, { "date": "2026-05-29", "close": 12.39, "volume": 17020848, "typical_volume": 18099398.3, "trend": 13.141333, "fair_value": 11.639573, "relative_strength": -8.832479, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 1.346485, "energy": 11.67252, "activity_lines": [ 13.300667, 13.628364, 13.61719, 13.399978 ] }, { "date": "2026-06-05", "close": 11.735065, "volume": 2335770, "typical_volume": 17537567.6, "trend": 13.103836, "fair_value": 11.646295, "relative_strength": -12.394451, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -40.417207, "energy": 41.366359, "activity_lines": [ 12.656355, 13.271285, 13.450387, 13.309252 ] }, { "date": "2026-06-12", "close": 12.754286, "volume": 19984612, "typical_volume": 17696757.8, "trend": 13.093978, "fair_value": 11.659306, "relative_strength": -4.533038, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.759099, "energy": 39.051741, "activity_lines": [ 12.532113, 13.128517, 13.382866, 13.2867 ] }, { "date": "2026-06-19", "close": 13.838961, "volume": 45522632, "typical_volume": 19192456.6, "trend": 13.117944, "fair_value": 11.674896, "relative_strength": 2.207592, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -6.416862, "energy": 21.007092, "activity_lines": [ 12.904476, 13.190886, 13.417866, 13.334763 ] }, { "date": "2026-06-26", "close": 13.605195, "volume": 9907212, "typical_volume": 18501525.2, "trend": 13.166117, "fair_value": 11.690994, "relative_strength": 2.16248, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 14.443188, "energy": 13.508936, "activity_lines": [ 13.166987, 13.212952, 13.426988, 13.366199 ] }, { "date": "2026-07-03", "close": 14.025973, "volume": 6760676, "typical_volume": 18025789.4, "trend": 13.211316, "fair_value": 11.708758, "relative_strength": 4.928077, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 43.162246, "energy": 25.327247, "activity_lines": [ 13.554078, 13.320338, 13.476064, 13.421673 ] }, { "date": "2026-07-10", "close": 14.72, "volume": 49748631, "typical_volume": 19871939.95, "trend": 13.281649, "fair_value": 11.729786, "relative_strength": 11.361248, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 56.76712, "energy": 39.659899, "activity_lines": [ 14.063446, 13.554892, 13.589114, 13.519008 ] }, { "date": "2026-07-17", "close": 16.1, "volume": 62799860, "typical_volume": 22428834.95, "trend": 13.411649, "fair_value": 11.75662, "relative_strength": 28.78319, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.026594, "energy": 71.262091, "activity_lines": [ 14.833818, 14.035266, 13.827878, 13.700837 ] }, { "date": "2026-07-24", "close": 14.7, "volume": 65639677, "typical_volume": 24829992.1, "trend": 13.505649, "fair_value": 11.776232, "relative_strength": 15.830916, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.302067, "energy": 59.173831, "activity_lines": [ 14.914476, 14.237093, 13.921071, 13.783956 ] }, { "date": "2026-07-31", "close": 15.33, "volume": 55636783, "typical_volume": 26932200.55, "trend": 13.618983, "fair_value": 11.798696, "relative_strength": 19.87953, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.853461, "energy": 61.711343, "activity_lines": [ 15.147732, 14.529103, 14.069455, 13.901656 ] }, { "date": "2026-08-07", "close": 15.69, "volume": 58109660, "typical_volume": 28760913.55, "trend": 13.740983, "fair_value": 11.825169, "relative_strength": 18.961759, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.312424, "energy": 55.460504, "activity_lines": [ 15.386, 14.85093, 14.244552, 14.03527 ] } ], "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." } } }