{ "ticker": { "uuid": "79e3e154-c38c-44b3-8849-036442cb7318", "symbol": "1817", "name": "Sanitar Co., Ltd.", "exchange": "TAI", "country": "TW", "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": "2026-08-14", "benchmark": "^TWII", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 51.658, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 70.042, "architecture_energy": 44.129, "architecture_maturity": 36.177, "architecture_confidence": 60.268, "architecture_tenure": "Developing", "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": 15.5, "rotation_up": 54.32, "upward_expansion": 78.6, "deceleration": 63.7, "rotation_down": 21.82, "downward_expansion": 5.27 }, "activity_lines": [ 38.759999, 38.62797, 38.113841, 37.740332 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 39.349998, "trend_reference": 37.299702, "distance_from_trend": 0.054968, "trend_direction": "Improving", "fair_value": 35.912761, "distance_from_fair_value": 0.095711, "fair_value_direction": "Improving", "relative_strength": -24.545689, "relative_strength_direction": "Improving", "price_momentum": 0.079926, "excess_performance": -0.361446, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.054968, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.018725, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.095711, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.035855, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.245457, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.077645, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.079926, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.002504, "read": "Demand-led" } ], "volume": { "latest": 558014, "relative_activity": 2.068041, "balance": 1.002504, "dry_up": 1.157599, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.026843, "annualized_volatility": 0.089828, "from_high_reference": -0.025031, "from_low_reference": 0.113133 }, "levels": { "trend_reference": 37.299702, "fair_value_reference": 35.912761, "structural_low": 35.917808, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 28, "median_return": -0.002031, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.001746, "regime_survival": 0.75, "best_return": 0.168816, "worst_return": -0.085391, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": 0.015342, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.004295, "regime_survival": 0.5, "best_return": 0.11949, "worst_return": -0.087047, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.004856, "positive_rate": 0.571429, "directional_follow_through": 0.571429, "median_excess_return": -0.028942, "regime_survival": 0.428571, "best_return": 0.184049, "worst_return": -0.127104, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.015591, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.017758, "regime_survival": 0.25, "best_return": 0.331714, "worst_return": -0.151259, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-07-07", "end": "2023-08-18", "tenure": "Developing", "return": -0.03836, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-08-25", "end": "2023-09-08", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-09-15", "end": "2023-09-29", "tenure": "New", "return": -0.016598, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-10-06", "end": "2023-12-08", "tenure": "Developing", "return": 0.048295, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-12-15", "end": "2024-01-26", "tenure": "Developing", "return": -0.014845, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-02-02", "end": "2024-02-23", "tenure": "New", "return": 0.016461, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-01", "end": "2024-04-19", "tenure": "Developing", "return": -0.030303, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-04-26", "end": "2024-05-10", "tenure": "New", "return": 0.094262, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-17", "end": "2025-04-04", "tenure": "Extended", "return": 0.264597, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-11", "end": "2025-05-23", "tenure": "Developing", "return": -0.042345, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-05-30", "end": "2025-07-11", "tenure": "Developing", "return": -0.050139, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-07-18", "end": "2026-02-06", "tenure": "Extended", "return": -0.008998, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-13", "end": "2026-06-05", "tenure": "Established", "return": 0.019305, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-12", "end": "2026-08-14", "tenure": "Developing", "return": 0.051292, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 31.214186, "volume": 447000, "typical_volume": 413700.75, "trend": 31.36827, "fair_value": 27.182912, "relative_strength": -5.210138, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 25.078431, "energy": 15.839036, "activity_lines": [ 31.648544, 31.748507, 31.554217, 31.447142 ] }, { "date": "2023-08-18", "close": 30.958681, "volume": 1052000, "typical_volume": 441950.75, "trend": 31.363017, "fair_value": 27.24586, "relative_strength": -4.771212, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 5.564306, "energy": 14.385556, "activity_lines": [ 31.387361, 31.610102, 31.509128, 31.420717 ] }, { "date": "2023-08-25", "close": 30.830927, "volume": 150000, "typical_volume": 422150.5, "trend": 31.354843, "fair_value": 27.30478, "relative_strength": -5.793019, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.297284, "energy": 23.625627, "activity_lines": [ 31.140373, 31.45425, 31.453576, 31.386389 ] }, { "date": "2023-09-01", "close": 30.958681, "volume": 86201, "typical_volume": 403660.0, "trend": 31.313501, "fair_value": 27.365206, "relative_strength": -6.335079, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.925734, "energy": 28.999417, "activity_lines": [ 31.015459, 31.332647, 31.415561, 31.36083 ] }, { "date": "2023-09-08", "close": 30.830927, "volume": 88104, "typical_volume": 388815.2, "trend": 31.279931, "fair_value": 27.422521, "relative_strength": -6.255894, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.739826, "energy": 36.264035, "activity_lines": [ 30.907579, 31.1987, 31.366701, 31.329696 ] }, { "date": "2023-09-15", "close": 30.788345, "volume": 92000, "typical_volume": 374313.05, "trend": 31.250288, "fair_value": 27.480021, "relative_strength": -8.1583, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.628351, "energy": 41.389363, "activity_lines": [ 30.850801, 31.07869, 31.313808, 31.297981 ] }, { "date": "2023-09-22", "close": 30.703175, "volume": 145000, "typical_volume": 331062.55, "trend": 31.232509, "fair_value": 27.533766, "relative_strength": -5.071054, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.662046, "energy": 37.96238, "activity_lines": [ 30.794022, 30.968746, 31.253219, 31.262683 ] }, { "date": "2023-09-29", "close": 30.277334, "volume": 375082, "typical_volume": 314012.65, "trend": 31.204544, "fair_value": 27.58501, "relative_strength": -6.267008, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -72.654776, "energy": 57.972076, "activity_lines": [ 30.612329, 30.801506, 31.154232, 31.201059 ] }, { "date": "2023-10-06", "close": 29.979246, "volume": 292080, "typical_volume": 300066.0, "trend": 31.161297, "fair_value": 27.636177, "relative_strength": -7.841723, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.561466, "energy": 67.59678, "activity_lines": [ 30.368181, 30.611813, 31.030278, 31.122008 ] }, { "date": "2023-10-13", "close": 30.405087, "volume": 102000, "typical_volume": 289763.95, "trend": 31.187046, "fair_value": 27.693055, "relative_strength": -7.765355, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.82369, "energy": 61.911976, "activity_lines": [ 30.331274, 30.533613, 30.951722, 31.07322 ] }, { "date": "2023-10-20", "close": 30.02183, "volume": 198019, "typical_volume": 291712.2, "trend": 31.146555, "fair_value": 27.744495, "relative_strength": -6.777443, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.098461, "energy": 68.782636, "activity_lines": [ 30.195005, 30.411281, 30.83967, 30.998045 ] }, { "date": "2023-10-27", "close": 29.808908, "volume": 460000, "typical_volume": 300762.2, "trend": 31.096294, "fair_value": 27.793883, "relative_strength": -5.379259, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.308607, "energy": 68.653635, "activity_lines": [ 30.038863, 30.271914, 30.712169, 30.911745 ] }, { "date": "2023-11-03", "close": 30.064413, "volume": 786006, "typical_volume": 323001.8, "trend": 31.033163, "fair_value": 27.846284, "relative_strength": -6.368681, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.142675, "energy": 51.396259, "activity_lines": [ 30.027507, 30.199908, 30.615991, 30.845172 ] }, { "date": "2023-11-10", "close": 30.575422, "volume": 688000, "typical_volume": 341351.8, "trend": 31.011125, "fair_value": 27.90196, "relative_strength": -5.458021, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.055895, "energy": 39.759028, "activity_lines": [ 30.200682, 30.23475, 30.575018, 30.81564 ] }, { "date": "2023-11-17", "close": 30.745758, "volume": 877035, "typical_volume": 342793.85, "trend": 31.008131, "fair_value": 27.960334, "relative_strength": -7.621269, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.879054, "energy": 25.17079, "activity_lines": [ 30.390891, 30.30753, 30.554942, 30.79852 ] }, { "date": "2023-11-24", "close": 30.788345, "volume": 467020, "typical_volume": 353177.45, "trend": 31.00522, "fair_value": 28.011415, "relative_strength": -7.761698, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.420237, "energy": 21.755711, "activity_lines": [ 30.572584, 30.389601, 30.545006, 30.78434 ] }, { "date": "2023-12-01", "close": 30.916094, "volume": 229000, "typical_volume": 350727.45, "trend": 30.997212, "fair_value": 28.06148, "relative_strength": -8.049932, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.759348, "energy": 21.378493, "activity_lines": [ 30.745759, 30.4949, 30.553928, 30.77859 ] }, { "date": "2023-12-08", "close": 31.427107, "volume": 536048, "typical_volume": 367529.85, "trend": 31.011583, "fair_value": 28.113903, "relative_strength": -6.114781, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 30.499724, "energy": 31.215731, "activity_lines": [ 31.015459, 30.689239, 30.615776, 30.806325 ] }, { "date": "2023-12-15", "close": 31.554861, "volume": 422504, "typical_volume": 380605.05, "trend": 31.030213, "fair_value": 28.16577, "relative_strength": -7.121845, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.927568, "energy": 44.271947, "activity_lines": [ 31.236898, 30.8859, 30.692631, 30.841375 ] }, { "date": "2023-12-22", "close": 31.46969, "volume": 267260, "typical_volume": 388017.95, "trend": 31.044667, "fair_value": 28.215028, "relative_strength": -6.643695, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 29.477255, "energy": 50.343366, "activity_lines": [ 31.36465, 31.038429, 30.762793, 30.869729 ] }, { "date": "2023-12-29", "close": 31.427107, "volume": 110000, "typical_volume": 371167.95, "trend": 31.057701, "fair_value": 28.270661, "relative_strength": -8.159961, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 26.402118, "energy": 54.390405, "activity_lines": [ 31.429946, 31.163859, 30.830523, 30.894402 ] }, { "date": "2024-01-05", "close": 31.256773, "volume": 160099, "typical_volume": 326572.9, "trend": 31.057038, "fair_value": 28.3197, "relative_strength": -6.168207, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 23.397801, "energy": 42.48715, "activity_lines": [ 31.395879, 31.232768, 30.881016, 30.907246 ] }, { "date": "2024-01-12", "close": 31.384521, "volume": 224132, "typical_volume": 330279.5, "trend": 31.055287, "fair_value": 28.364285, "relative_strength": -5.383365, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 30.499841, "energy": 29.662296, "activity_lines": [ 31.381684, 31.29858, 30.942255, 30.928373 ] }, { "date": "2024-01-19", "close": 31.086433, "volume": 177055, "typical_volume": 334822.2, "trend": 31.03959, "fair_value": 28.406271, "relative_strength": -6.853739, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 16.238302, "energy": 17.682354, "activity_lines": [ 31.270965, 31.286192, 30.97247, 30.930383 ] }, { "date": "2024-01-26", "close": 31.086433, "volume": 85401, "typical_volume": 334687.05, "trend": 31.008362, "fair_value": 28.452842, "relative_strength": -8.145664, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 11.220456, "energy": 10.669628, "activity_lines": [ 31.191474, 31.264513, 31.002076, 30.933405 ] }, { "date": "2024-02-02", "close": 31.04385, "volume": 81000, "typical_volume": 334137.05, "trend": 30.970036, "fair_value": 28.499828, "relative_strength": -8.277791, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 6.999029, "energy": 9.021278, "activity_lines": [ 31.12334, 31.228897, 31.02641, 30.935694 ] }, { "date": "2024-02-09", "close": 31.04385, "volume": 23000, "typical_volume": 328037.05, "trend": 30.944486, "fair_value": 28.5514, "relative_strength": -8.152642, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 4.233725, "energy": 10.778775, "activity_lines": [ 31.080756, 31.188636, 31.049527, 30.940457 ] }, { "date": "2024-02-16", "close": 31.341934, "volume": 82000, "typical_volume": 313382.95, "trend": 30.921774, "fair_value": 28.606029, "relative_strength": -9.4808, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.827251, "energy": 20.554068, "activity_lines": [ 31.151728, 31.200249, 31.099411, 30.966098 ] }, { "date": "2024-02-23", "close": 31.554861, "volume": 313290, "typical_volume": 314443.45, "trend": 30.911838, "fair_value": 28.65996, "relative_strength": -9.905585, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.881605, "energy": 32.247669, "activity_lines": [ 31.296515, 31.252124, 31.164504, 31.006943 ] }, { "date": "2024-03-01", "close": 32.321373, "volume": 659028, "typical_volume": 342294.85, "trend": 30.928872, "fair_value": 28.714218, "relative_strength": -7.67033, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.634779, "energy": 69.574255, "activity_lines": [ 31.665577, 31.443366, 31.295096, 31.09788 ] }, { "date": "2024-03-08", "close": 31.682613, "volume": 833707, "typical_volume": 374079.25, "trend": 30.944486, "fair_value": 28.757733, "relative_strength": -13.006577, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.671828, "energy": 65.743137, "activity_lines": [ 31.739391, 31.502984, 31.355727, 31.146509 ] }, { "date": "2024-03-15", "close": 31.980701, "volume": 210081, "typical_volume": 361583.3, "trend": 30.978553, "fair_value": 28.802929, "relative_strength": -11.458548, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.841231, "energy": 70.285221, "activity_lines": [ 31.869982, 31.612154, 31.43684, 31.213362 ] }, { "date": "2024-03-22", "close": 32.236206, "volume": 487736, "typical_volume": 346669.8, "trend": 31.025396, "fair_value": 28.849763, "relative_strength": -12.822595, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.230754, "energy": 72.065952, "activity_lines": [ 32.023285, 31.754618, 31.531945, 31.2945 ] }, { "date": "2024-03-29", "close": 31.980701, "volume": 539166, "typical_volume": 339228.1, "trend": 31.059463, "fair_value": 28.894042, "relative_strength": -13.432696, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.54434, "energy": 44.273657, "activity_lines": [ 32.031802, 31.83514, 31.592374, 31.356133 ] }, { "date": "2024-04-05", "close": 31.767778, "volume": 608350, "typical_volume": 325793.85, "trend": 31.090692, "fair_value": 28.936268, "relative_strength": -13.776133, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.018306, "energy": 38.806098, "activity_lines": [ 31.940955, 31.860691, 31.625833, 31.401831 ] }, { "date": "2024-04-12", "close": 31.725195, "volume": 1268100, "typical_volume": 365847.85, "trend": 31.12192, "fair_value": 28.977534, "relative_strength": -15.160252, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.692918, "energy": 30.178685, "activity_lines": [ 31.87282, 31.86611, 31.650369, 31.442766 ] }, { "date": "2024-04-19", "close": 31.341934, "volume": 1853781, "typical_volume": 447086.9, "trend": 31.143212, "fair_value": 29.01382, "relative_strength": -10.640183, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 28.742741, "energy": 14.530956, "activity_lines": [ 31.674093, 31.789458, 31.633943, 31.456961 ] }, { "date": "2024-04-26", "close": 31.171598, "volume": 1675220, "typical_volume": 504045.5, "trend": 31.173021, "fair_value": 29.04443, "relative_strength": -13.34553, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.721943, "energy": 13.81199, "activity_lines": [ 31.461171, 31.676416, 31.599267, 31.458792 ] }, { "date": "2024-05-03", "close": 33.215641, "volume": 4258585, "typical_volume": 695849.55, "trend": 31.280901, "fair_value": 29.081263, "relative_strength": -8.260869, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 65.510177, "energy": 30.583889, "activity_lines": [ 32.000571, 31.938115, 31.760479, 31.590574 ] }, { "date": "2024-05-10", "close": 34.109909, "volume": 3078471, "typical_volume": 836410.1, "trend": 31.404395, "fair_value": 29.119931, "relative_strength": -7.159733, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 74.881627, "energy": 59.256979, "activity_lines": [ 32.755731, 32.332212, 31.99895, 31.773091 ] }, { "date": "2024-05-17", "close": 33.684067, "volume": 1795691, "typical_volume": 920694.65, "trend": 31.526469, "fair_value": 29.160685, "relative_strength": -10.36681, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.854562, "energy": 70.380876, "activity_lines": [ 33.212802, 32.616365, 32.184293, 31.920167 ] }, { "date": "2024-05-24", "close": 33.343391, "volume": 2104823, "typical_volume": 1017930.85, "trend": 31.644285, "fair_value": 29.211636, "relative_strength": -12.216718, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.831891, "energy": 69.991461, "activity_lines": [ 33.425722, 32.802186, 32.326443, 32.037387 ] }, { "date": "2024-05-31", "close": 33.5989, "volume": 1223168, "typical_volume": 1067882.65, "trend": 31.762102, "fair_value": 29.265371, "relative_strength": -9.642875, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.34621, "energy": 69.298367, "activity_lines": [ 33.590382, 33.009688, 32.48299, 32.163491 ] }, { "date": "2024-06-07", "close": 34.067322, "volume": 1110033, "typical_volume": 1114531.55, "trend": 31.878498, "fair_value": 29.320503, "relative_strength": -10.964438, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.22178, "energy": 61.69883, "activity_lines": [ 33.749362, 33.277581, 32.673605, 32.312215 ] }, { "date": "2024-06-14", "close": 33.854404, "volume": 612263, "typical_volume": 1140874.65, "trend": 31.98212, "fair_value": 29.367851, "relative_strength": -13.76455, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.099942, "energy": 45.967932, "activity_lines": [ 33.78059, 33.468823, 32.829747, 32.439693 ] }, { "date": "2024-06-21", "close": 33.896988, "volume": 779019, "typical_volume": 1175775.6, "trend": 32.085741, "fair_value": 29.411345, "relative_strength": -16.087506, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.905028, "energy": 45.91554, "activity_lines": [ 33.843048, 33.629868, 32.976764, 32.563233 ] }, { "date": "2024-06-28", "close": 34.152493, "volume": 1440840, "typical_volume": 1246667.6, "trend": 32.193621, "fair_value": 29.458541, "relative_strength": -14.253776, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.996984, "energy": 45.792474, "activity_lines": [ 33.976478, 33.797883, 33.134528, 32.696572 ] }, { "date": "2024-07-05", "close": 34.478859, "volume": 1643320, "typical_volume": 1324733.6, "trend": 32.295346, "fair_value": 29.504618, "relative_strength": -14.918186, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.84594, "energy": 46.805739, "activity_lines": [ 34.164757, 33.974135, 33.308572, 32.844007 ] }, { "date": "2024-07-12", "close": 35.326332, "volume": 1282137, "typical_volume": 1373175.95, "trend": 32.421062, "fair_value": 29.553148, "relative_strength": -13.790041, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.895367, "energy": 59.701644, "activity_lines": [ 34.576864, 34.244341, 33.548389, 33.039554 ] }, { "date": "2024-07-19", "close": 35.683163, "volume": 1209569, "typical_volume": 1400703.0, "trend": 32.561511, "fair_value": 29.600984, "relative_strength": -8.601654, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.844669, "energy": 68.896682, "activity_lines": [ 35.02398, 34.54105, 33.804231, 33.250012 ] }, { "date": "2024-07-26", "close": 35.59396, "volume": 350243, "typical_volume": 1376529.8, "trend": 32.700406, "fair_value": 29.651687, "relative_strength": -5.490804, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.019329, "energy": 68.350161, "activity_lines": [ 35.319444, 34.792935, 34.03557, 33.445654 ] }, { "date": "2024-08-02", "close": 37.065887, "volume": 1005704, "typical_volume": 1416310.95, "trend": 32.894043, "fair_value": 29.714578, "relative_strength": 0.805661, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.576902, "energy": 85.952447, "activity_lines": [ 35.992419, 35.277718, 34.388466, 33.727298 ] }, { "date": "2024-08-09", "close": 35.460148, "volume": 1481256, "typical_volume": 1465986.95, "trend": 33.029897, "fair_value": 29.767633, "relative_strength": -2.54977, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.532248, "energy": 68.155418, "activity_lines": [ 35.935922, 35.402866, 34.564219, 33.892853 ] }, { "date": "2024-08-16", "close": 36.753658, "volume": 1416201, "typical_volume": 1509838.7, "trend": 33.218805, "fair_value": 29.829439, "relative_strength": -2.702659, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.115948, "energy": 63.905777, "activity_lines": [ 36.245175, 35.729357, 34.847812, 34.133096 ] }, { "date": "2024-08-23", "close": 36.530643, "volume": 850320, "typical_volume": 1521937.2, "trend": 33.400279, "fair_value": 29.891879, "relative_strength": -2.211229, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.58512, "energy": 58.257727, "activity_lines": [ 36.384935, 35.966458, 35.087437, 34.346763 ] }, { "date": "2024-08-30", "close": 36.352226, "volume": 301068, "typical_volume": 1473585.6, "trend": 33.577224, "fair_value": 29.954093, "relative_strength": -2.91781, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.352351, "energy": 47.857298, "activity_lines": [ 36.408724, 36.122461, 35.287389, 34.537211 ] }, { "date": "2024-09-06", "close": 36.664452, "volume": 1007473, "typical_volume": 1431270.2, "trend": 33.764578, "fair_value": 30.014431, "relative_strength": 1.894917, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.997534, "energy": 47.786478, "activity_lines": [ 36.486037, 36.290591, 35.495044, 34.736387 ] }, { "date": "2024-09-13", "close": 37.690346, "volume": 1677470, "typical_volume": 1431382.7, "trend": 33.976192, "fair_value": 30.081587, "relative_strength": 3.287562, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.563535, "energy": 51.078855, "activity_lines": [ 36.932077, 36.599575, 35.775058, 34.989662 ] }, { "date": "2024-09-20", "close": 37.155098, "volume": 1112242, "typical_volume": 1274065.55, "trend": 34.162866, "fair_value": 30.15137, "relative_strength": 0.215742, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.487327, "energy": 44.806752, "activity_lines": [ 37.051022, 36.75285, 35.973054, 35.194753 ] }, { "date": "2024-09-27", "close": 37.957966, "volume": 977328, "typical_volume": 1169008.4, "trend": 34.350753, "fair_value": 30.225088, "relative_strength": -0.379019, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.563996, "energy": 49.172819, "activity_lines": [ 37.410826, 37.018852, 36.228754, 35.439598 ] }, { "date": "2024-10-04", "close": 37.467323, "volume": 300090, "typical_volume": 1094228.35, "trend": 34.543576, "fair_value": 30.295661, "relative_strength": 0.782719, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.258997, "energy": 45.612168, "activity_lines": [ 37.511928, 37.154285, 36.419403, 35.640667 ] }, { "date": "2024-10-11", "close": 36.842869, "volume": 740112, "typical_volume": 1025992.8, "trend": 34.705649, "fair_value": 30.3632, "relative_strength": -3.262241, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.432299, "energy": 39.257899, "activity_lines": [ 37.330538, 37.142121, 36.532564, 35.789009 ] }, { "date": "2024-10-18", "close": 36.575245, "volume": 739142, "typical_volume": 1001791.5, "trend": 34.850283, "fair_value": 30.428055, "relative_strength": -6.067455, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.972224, "energy": 29.539007, "activity_lines": [ 37.048047, 37.085352, 36.603573, 35.909628 ] }, { "date": "2024-10-25", "close": 36.307621, "volume": 553505, "typical_volume": 973965.1, "trend": 34.994514, "fair_value": 30.491678, "relative_strength": -5.881045, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.341312, "energy": 19.632042, "activity_lines": [ 36.750687, 36.95965, 36.63492, 36.00365 ] }, { "date": "2024-11-01", "close": 35.950787, "volume": 434290, "typical_volume": 965066.45, "trend": 35.133947, "fair_value": 30.552772, "relative_strength": -4.209825, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 25.857249, "energy": 18.081215, "activity_lines": [ 36.390881, 36.777179, 36.621616, 36.065345 ] }, { "date": "2024-11-08", "close": 37.021282, "volume": 539337, "typical_volume": 953082.35, "trend": 35.310484, "fair_value": 30.62097, "relative_strength": -4.306663, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 32.189309, "energy": 18.440859, "activity_lines": [ 36.521719, 36.799886, 36.700281, 36.187108 ] }, { "date": "2024-11-15", "close": 37.824154, "volume": 1680363, "typical_volume": 965058.5, "trend": 35.526558, "fair_value": 30.691165, "relative_strength": 1.402142, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.299554, "energy": 23.316596, "activity_lines": [ 36.949916, 36.956405, 36.840532, 36.34928 ] }, { "date": "2024-11-22", "close": 38.939255, "volume": 1819756, "typical_volume": 973880.3, "trend": 35.78548, "fair_value": 30.765116, "relative_strength": 3.753692, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.987623, "energy": 50.860542, "activity_lines": [ 37.684395, 37.294584, 37.069499, 36.569454 ] }, { "date": "2024-11-29", "close": 38.448612, "volume": 706211, "typical_volume": 945084.0, "trend": 35.959912, "fair_value": 30.834226, "relative_strength": 5.45658, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.03073, "energy": 62.669386, "activity_lines": [ 38.097726, 37.520848, 37.230498, 36.741269 ] }, { "date": "2024-12-06", "close": 38.627026, "volume": 712005, "typical_volume": 920205.8, "trend": 36.110483, "fair_value": 30.90448, "relative_strength": 1.86452, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.136777, "energy": 69.453904, "activity_lines": [ 38.427796, 37.756033, 37.393621, 36.913341 ] }, { "date": "2024-12-13", "close": 37.110493, "volume": 1716600, "typical_volume": 988523.65, "trend": 36.224697, "fair_value": 30.965496, "relative_strength": -1.198777, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.141461, "energy": 52.269878, "activity_lines": [ 38.073938, 37.703319, 37.398294, 36.977858 ] }, { "date": "2024-12-20", "close": 36.664452, "volume": 549144, "typical_volume": 965695.65, "trend": 36.335399, "fair_value": 31.021716, "relative_strength": 0.014414, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 32.280703, "energy": 19.701033, "activity_lines": [ 37.565453, 37.575995, 37.353265, 37.006229 ] }, { "date": "2024-12-27", "close": 36.842869, "volume": 286085, "typical_volume": 905937.1, "trend": 36.443531, "fair_value": 31.079321, "relative_strength": -2.608639, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 25.369611, "energy": 14.983158, "activity_lines": [ 37.193753, 37.484354, 37.32714, 37.038969 ] }, { "date": "2025-01-03", "close": 36.798267, "volume": 209160, "typical_volume": 845585.05, "trend": 36.534563, "fair_value": 31.136883, "relative_strength": -0.958188, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 17.924675, "energy": 19.204191, "activity_lines": [ 36.946945, 37.379738, 37.290183, 37.061856 ] }, { "date": "2025-01-10", "close": 37.957966, "volume": 886599, "typical_volume": 847399.0, "trend": 36.671348, "fair_value": 31.201394, "relative_strength": 1.875606, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 32.226232, "energy": 18.331039, "activity_lines": [ 37.196727, 37.477056, 37.36346, 37.153688 ] }, { "date": "2025-01-17", "close": 38.58242, "volume": 562287, "typical_volume": 860459.95, "trend": 36.827529, "fair_value": 31.269907, "relative_strength": 3.054038, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.517803, "energy": 24.523921, "activity_lines": [ 37.699264, 37.651416, 37.489413, 37.276983 ] }, { "date": "2025-01-24", "close": 38.047176, "volume": 191050, "typical_volume": 819638.8, "trend": 36.957352, "fair_value": 31.335475, "relative_strength": 0.125636, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.742111, "energy": 28.684562, "activity_lines": [ 37.925257, 37.700075, 37.55377, 37.35567 ] }, { "date": "2025-02-07", "close": 38.805443, "volume": 534134, "typical_volume": 762472.0, "trend": 37.101571, "fair_value": 31.407357, "relative_strength": 2.406753, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.046177, "energy": 46.156438, "activity_lines": [ 38.311825, 37.882546, 37.683759, 37.474902 ] }, { "date": "2025-02-14", "close": 43.9795, "volume": 7901975, "typical_volume": 1101958.65, "trend": 37.39001, "fair_value": 31.512406, "relative_strength": 17.435943, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.071419, "energy": 82.705966, "activity_lines": [ 40.29224, 39.008187, 38.301205, 37.918639 ] }, { "date": "2025-02-21", "close": 44.380936, "volume": 2347701, "typical_volume": 1170477.3, "trend": 37.679936, "fair_value": 31.619786, "relative_strength": 15.36827, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.145973, "energy": 94.321148, "activity_lines": [ 41.927719, 40.106256, 38.924386, 38.369666 ] }, { "date": "2025-02-28", "close": 44.470142, "volume": 1506102, "typical_volume": 1230777.9, "trend": 37.975809, "fair_value": 31.73016, "relative_strength": 18.631542, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.957758, "energy": 94.937632, "activity_lines": [ 43.164734, 41.115926, 39.525477, 38.807744 ] }, { "date": "2025-03-07", "close": 43.04282, "volume": 3677437, "typical_volume": 1377644.15, "trend": 38.17504, "fair_value": 31.833566, "relative_strength": 16.974294, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.869372, "energy": 87.945461, "activity_lines": [ 43.533461, 41.732272, 39.957286, 39.134648 ] }, { "date": "2025-03-14", "close": 43.711876, "volume": 758043, "typical_volume": 1378589.2, "trend": 38.450097, "fair_value": 31.937868, "relative_strength": 21.52341, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.915494, "energy": 84.041844, "activity_lines": [ 43.792164, 42.354295, 40.423291, 39.491863 ] }, { "date": "2025-03-21", "close": 44.157917, "volume": 535045, "typical_volume": 1377666.2, "trend": 38.696906, "fair_value": 32.048422, "relative_strength": 20.914875, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.1543, "energy": 68.292069, "activity_lines": [ 43.872451, 42.932524, 40.897792, 39.86011 ] }, { "date": "2025-03-28", "close": 43.355045, "volume": 836087, "typical_volume": 1397756.05, "trend": 38.924386, "fair_value": 32.15286, "relative_strength": 21.460694, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.950033, "energy": 55.828752, "activity_lines": [ 43.67322, 43.230965, 41.258447, 40.160635 ] }, { "date": "2025-04-04", "close": 42.596779, "volume": 314093, "typical_volume": 1386493.85, "trend": 39.132538, "fair_value": 32.252195, "relative_strength": 20.44884, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.184084, "energy": 44.271552, "activity_lines": [ 43.289627, 43.293411, 41.511628, 40.397564 ] }, { "date": "2025-04-11", "close": 41.080242, "volume": 1420126, "typical_volume": 1373482.0, "trend": 39.279731, "fair_value": 32.342051, "relative_strength": 25.895991, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.110693, "energy": 28.863336, "activity_lines": [ 42.525411, 43.007134, 41.593826, 40.523222 ] }, { "date": "2025-04-18", "close": 40.544994, "volume": 474221, "typical_volume": 1306205.25, "trend": 39.374886, "fair_value": 32.429445, "relative_strength": 24.310444, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.008907, "energy": 22.175983, "activity_lines": [ 41.713619, 42.568393, 41.609544, 40.604852 ] }, { "date": "2025-04-25", "close": 39.65292, "volume": 245070, "typical_volume": 1283148.2, "trend": 39.458147, "fair_value": 32.510152, "relative_strength": 18.125699, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.206301, "energy": 20.047037, "activity_lines": [ 40.815594, 41.935829, 41.532655, 40.622789 ] }, { "date": "2025-05-02", "close": 40.5896, "volume": 233539, "typical_volume": 1259224.9, "trend": 39.545868, "fair_value": 32.597832, "relative_strength": 15.065905, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.811243, "energy": 22.447695, "activity_lines": [ 40.530128, 41.552235, 41.53924, 40.695786 ] }, { "date": "2025-05-09", "close": 40.500393, "volume": 437216, "typical_volume": 1195255.7, "trend": 39.64697, "fair_value": 32.687363, "relative_strength": 13.723638, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.467161, "energy": 17.966848, "activity_lines": [ 40.39929, 41.221355, 41.527982, 40.757369 ] }, { "date": "2025-05-16", "close": 39.519108, "volume": 406136, "typical_volume": 1188105.3, "trend": 39.736178, "fair_value": 32.771088, "relative_strength": 6.05647, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.724905, "energy": 18.931564, "activity_lines": [ 40.081116, 40.784236, 41.407127, 40.74912 ] }, { "date": "2025-05-23", "close": 39.340687, "volume": 264073, "typical_volume": 1187004.7, "trend": 39.828359, "fair_value": 32.854154, "relative_strength": 6.232803, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -22.453592, "energy": 29.291139, "activity_lines": [ 39.807544, 40.378745, 41.255686, 40.723604 ] }, { "date": "2025-05-30", "close": 39.206879, "volume": 174026, "typical_volume": 1185248.0, "trend": 39.925001, "fair_value": 32.937574, "relative_strength": 7.034251, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.485285, "energy": 35.112265, "activity_lines": [ 39.569657, 40.028402, 41.079607, 40.683508 ] }, { "date": "2025-06-06", "close": 39.296085, "volume": 367025, "typical_volume": 1159269.3, "trend": 40.036511, "fair_value": 33.021081, "relative_strength": 5.457078, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.816961, "energy": 39.202484, "activity_lines": [ 39.391241, 39.784296, 40.900554, 40.642933 ] }, { "date": "2025-06-13", "close": 37.913364, "volume": 1430089, "typical_volume": 1202659.4, "trend": 40.066247, "fair_value": 33.094756, "relative_strength": -0.331389, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.895882, "energy": 44.136261, "activity_lines": [ 38.838152, 39.362586, 40.583441, 40.505956 ] }, { "date": "2025-06-20", "close": 37.422722, "volume": 594019, "typical_volume": 1222807.85, "trend": 40.052866, "fair_value": 33.164073, "relative_strength": -1.711672, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.418457, "energy": 54.542337, "activity_lines": [ 38.293984, 38.936822, 40.222786, 40.335406 ] }, { "date": "2025-06-27", "close": 38.091778, "volume": 476423, "typical_volume": 1219922.3, "trend": 40.024617, "fair_value": 33.239618, "relative_strength": -2.570637, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.024918, "energy": 51.579159, "activity_lines": [ 38.112595, 38.699204, 39.928825, 40.208884 ] }, { "date": "2025-07-04", "close": 37.713699, "volume": 505394, "typical_volume": 850093.25, "trend": 40.00012, "fair_value": 33.31274, "relative_strength": -3.60152, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.331835, "energy": 51.915424, "activity_lines": [ 37.888439, 38.437449, 39.602254, 40.059793 ] }, { "date": "2025-07-11", "close": 37.241096, "volume": 332071, "typical_volume": 749311.75, "trend": 39.953922, "fair_value": 33.382589, "relative_strength": -5.841875, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -70.354588, "energy": 71.190534, "activity_lines": [ 37.606295, 38.125024, 39.260511, 39.881791 ] }, { "date": "2025-07-18", "close": 36.768494, "volume": 761125, "typical_volume": 712062.9, "trend": 39.942522, "fair_value": 33.45018, "relative_strength": -9.645136, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.713471, "energy": 73.847474, "activity_lines": [ 37.303615, 37.787554, 38.907757, 39.67628 ] }, { "date": "2025-07-25", "close": 36.343151, "volume": 575000, "typical_volume": 556941.05, "trend": 39.931812, "fair_value": 33.516073, "relative_strength": -10.613944, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.660466, "energy": 78.309916, "activity_lines": [ 36.93548, 37.440601, 38.551169, 39.444062 ] }, { "date": "2025-08-01", "close": 36.390411, "volume": 416311, "typical_volume": 539854.45, "trend": 39.91673, "fair_value": 33.578927, "relative_strength": -10.709481, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.517951, "energy": 76.905498, "activity_lines": [ 36.655069, 37.159986, 38.230986, 39.215585 ] }, { "date": "2025-08-08", "close": 36.295891, "volume": 233227, "typical_volume": 524763.55, "trend": 39.899984, "fair_value": 33.640405, "relative_strength": -12.922746, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.607227, "energy": 69.930197, "activity_lines": [ 36.456576, 36.915826, 37.936664, 38.981982 ] }, { "date": "2025-08-15", "close": 36.815754, "volume": 640395, "typical_volume": 514978.95, "trend": 39.861911, "fair_value": 33.703672, "relative_strength": -12.678102, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.746089, "energy": 51.471986, "activity_lines": [ 36.525891, 36.819114, 37.729291, 38.782999 ] }, { "date": "2025-08-22", "close": 36.910271, "volume": 260128, "typical_volume": 512280.7, "trend": 39.806172, "fair_value": 33.760091, "relative_strength": -10.263082, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.163111, "energy": 45.209025, "activity_lines": [ 36.655068, 36.784684, 37.56206, 38.592571 ] }, { "date": "2025-08-29", "close": 37.288357, "volume": 176376, "typical_volume": 450093.2, "trend": 39.780878, "fair_value": 33.819962, "relative_strength": -10.988321, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.319502, "energy": 33.701032, "activity_lines": [ 36.900822, 36.837235, 37.457915, 38.430131 ] }, { "date": "2025-09-05", "close": 37.571918, "volume": 222340, "typical_volume": 437499.15, "trend": 39.739761, "fair_value": 33.87908, "relative_strength": -11.171429, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.703199, "energy": 25.152415, "activity_lines": [ 37.178082, 36.943786, 37.398833, 38.287618 ] }, { "date": "2025-09-12", "close": 36.673969, "volume": 185150, "typical_volume": 434503.15, "trend": 39.496243, "fair_value": 33.931157, "relative_strength": -16.377886, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.003134, "energy": 26.913813, "activity_lines": [ 37.077259, 36.896525, 37.268389, 38.089825 ] }, { "date": "2025-09-19", "close": 37.666435, "volume": 119045, "typical_volume": 428778.45, "trend": 39.272427, "fair_value": 33.988311, "relative_strength": -14.214509, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.505003, "energy": 18.897996, "activity_lines": [ 37.282053, 37.048616, 37.246651, 37.971773 ] }, { "date": "2025-09-26", "close": 37.241096, "volume": 137631, "typical_volume": 413799.2, "trend": 39.031458, "fair_value": 34.040424, "relative_strength": -14.979319, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.591044, "energy": 18.362522, "activity_lines": [ 37.288355, 37.11564, 37.198325, 37.840719 ] }, { "date": "2025-10-03", "close": 36.768494, "volume": 165102, "typical_volume": 401747.5, "trend": 38.822314, "fair_value": 34.091308, "relative_strength": -19.500442, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.521598, "energy": 25.107858, "activity_lines": [ 37.115068, 37.088144, 37.120509, 37.694721 ] }, { "date": "2025-10-10", "close": 36.72123, "volume": 82000, "typical_volume": 392643.85, "trend": 38.589293, "fair_value": 34.143174, "relative_strength": -20.898073, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.344606, "energy": 27.989665, "activity_lines": [ 36.960684, 37.04432, 37.05129, 37.559167 ] }, { "date": "2025-10-17", "close": 36.579453, "volume": 197126, "typical_volume": 393798.85, "trend": 38.336677, "fair_value": 34.196444, "relative_strength": -20.96436, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.284715, "energy": 34.101389, "activity_lines": [ 36.815753, 36.968704, 36.981042, 37.4295 ] }, { "date": "2025-10-24", "close": 36.437668, "volume": 114076, "typical_volume": 381151.4, "trend": 38.106098, "fair_value": 34.252661, "relative_strength": -21.720479, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.635592, "energy": 40.142833, "activity_lines": [ 36.629862, 36.862153, 36.909803, 37.306984 ] }, { "date": "2025-10-31", "close": 36.059589, "volume": 207116, "typical_volume": 320002.75, "trend": 37.888192, "fair_value": 34.305169, "relative_strength": -24.216883, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.872167, "energy": 53.482203, "activity_lines": [ 36.399862, 36.693735, 36.816167, 37.174951 ] }, { "date": "2025-11-07", "close": 36.059589, "volume": 222264, "typical_volume": 301415.0, "trend": 37.720837, "fair_value": 34.355364, "relative_strength": -22.379222, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.011131, "energy": 56.01355, "activity_lines": [ 36.248629, 36.540784, 36.731359, 37.056977 ] }, { "date": "2025-11-14", "close": 37.052055, "volume": 353187, "typical_volume": 295253.2, "trend": 37.604405, "fair_value": 34.411407, "relative_strength": -19.301063, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.873285, "energy": 34.607245, "activity_lines": [ 36.475479, 36.590622, 36.747563, 37.013829 ] }, { "date": "2025-11-21", "close": 36.201366, "volume": 224017, "typical_volume": 281184.35, "trend": 37.489353, "fair_value": 34.46174, "relative_strength": -18.006553, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.320904, "energy": 34.390974, "activity_lines": [ 36.396711, 36.495242, 36.6877, 36.923311 ] }, { "date": "2025-11-28", "close": 36.390411, "volume": 397168, "typical_volume": 284439.2, "trend": 37.34938, "fair_value": 34.514055, "relative_strength": -20.784056, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.615441, "energy": 27.890477, "activity_lines": [ 36.406163, 36.442826, 36.653042, 36.852411 ] }, { "date": "2025-12-05", "close": 36.437668, "volume": 179000, "typical_volume": 255332.95, "trend": 37.213956, "fair_value": 34.56616, "relative_strength": -21.299184, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.841198, "energy": 19.661189, "activity_lines": [ 36.434519, 36.422203, 36.626936, 36.793591 ] }, { "date": "2025-12-12", "close": 36.484928, "volume": 122000, "typical_volume": 232682.95, "trend": 37.112817, "fair_value": 34.61394, "relative_strength": -21.464763, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.298742, "energy": 21.954069, "activity_lines": [ 36.453422, 36.42478, 36.606907, 36.746557 ] }, { "date": "2025-12-19", "close": 36.390411, "volume": 111073, "typical_volume": 217421.05, "trend": 37.014474, "fair_value": 34.662914, "relative_strength": -19.970851, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.349803, "energy": 23.477843, "activity_lines": [ 36.412464, 36.415328, 36.5772, 36.69995 ] }, { "date": "2025-12-26", "close": 36.295891, "volume": 70000, "typical_volume": 209259.7, "trend": 36.917441, "fair_value": 34.696888, "relative_strength": -22.255932, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.013728, "energy": 25.024461, "activity_lines": [ 36.384109, 36.394706, 36.538492, 36.65359 ] }, { "date": "2026-01-02", "close": 36.343151, "volume": 85000, "typical_volume": 181489.95, "trend": 36.81901, "fair_value": 34.73502, "relative_strength": -23.951829, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.807852, "energy": 24.628632, "activity_lines": [ 36.365205, 36.387832, 36.504285, 36.616539 ] }, { "date": "2026-01-09", "close": 36.201366, "volume": 176226, "typical_volume": 177294.85, "trend": 36.761944, "fair_value": 34.772501, "relative_strength": -26.239137, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.155457, "energy": 27.356957, "activity_lines": [ 36.30219, 36.356898, 36.458825, 36.576691 ] }, { "date": "2026-01-16", "close": 36.437668, "volume": 160055, "typical_volume": 176478.8, "trend": 36.729109, "fair_value": 34.805584, "relative_strength": -27.98619, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.150466, "energy": 23.673902, "activity_lines": [ 36.333697, 36.366349, 36.439245, 36.55577 ] }, { "date": "2026-01-23", "close": 36.579453, "volume": 234099, "typical_volume": 177066.75, "trend": 36.678698, "fair_value": 34.840605, "relative_strength": -28.510665, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.978798, "energy": 15.355494, "activity_lines": [ 36.415615, 36.394706, 36.43722, 36.546115 ] }, { "date": "2026-01-30", "close": 36.390411, "volume": 214092, "typical_volume": 178513.85, "trend": 36.634588, "fair_value": 34.874671, "relative_strength": -28.693745, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.543555, "energy": 14.613324, "activity_lines": [ 36.421917, 36.397284, 36.421917, 36.527515 ] }, { "date": "2026-02-06", "close": 36.437668, "volume": 152036, "typical_volume": 180163.4, "trend": 36.607807, "fair_value": 34.901842, "relative_strength": -27.526874, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.45149, "energy": 13.123731, "activity_lines": [ 36.43767, 36.405017, 36.412464, 36.514811 ] }, { "date": "2026-02-13", "close": 36.72123, "volume": 99108, "typical_volume": 178237.25, "trend": 36.606232, "fair_value": 34.933145, "relative_strength": -30.240209, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.46838, "energy": 8.114725, "activity_lines": [ 36.541642, 36.463448, 36.435869, 36.522129 ] }, { "date": "2026-02-27", "close": 36.863014, "volume": 233017, "typical_volume": 181633.0, "trend": 36.623561, "fair_value": 34.966384, "relative_strength": -32.864002, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.758502, "energy": 22.594228, "activity_lines": [ 36.658218, 36.542502, 36.475253, 36.538695 ] }, { "date": "2026-03-06", "close": 36.626713, "volume": 271046, "typical_volume": 191085.3, "trend": 36.631437, "fair_value": 35.000936, "relative_strength": -28.951817, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.149611, "energy": 17.70761, "activity_lines": [ 36.667671, 36.571718, 36.491682, 36.538899 ] }, { "date": "2026-03-13", "close": 36.532192, "volume": 310156, "typical_volume": 196736.8, "trend": 36.639314, "fair_value": 35.035654, "relative_strength": -27.978771, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.384577, "energy": 14.481573, "activity_lines": [ 36.642465, 36.579451, 36.499559, 36.532496 ] }, { "date": "2026-03-20", "close": 36.626713, "volume": 163205, "typical_volume": 199193.25, "trend": 36.633013, "fair_value": 35.069949, "relative_strength": -27.27458, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.91569, "energy": 10.367759, "activity_lines": [ 36.639315, 36.600074, 36.516663, 36.531683 ] }, { "date": "2026-03-27", "close": 36.626713, "volume": 137211, "typical_volume": 195698.0, "trend": 36.623561, "fair_value": 35.114783, "relative_strength": -25.485391, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.751591, "energy": 8.7074, "activity_lines": [ 36.623562, 36.615542, 36.532866, 36.531276 ] }, { "date": "2026-04-03", "close": 36.673969, "volume": 118151, "typical_volume": 190492.35, "trend": 36.603081, "fair_value": 35.149638, "relative_strength": -23.2763, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.729928, "energy": 6.286504, "activity_lines": [ 36.629862, 36.631867, 36.55087, 36.534528 ] }, { "date": "2026-04-10", "close": 36.863014, "volume": 63000, "typical_volume": 175983.0, "trend": 36.579451, "fair_value": 35.185191, "relative_strength": -28.173559, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.86207, "energy": 19.613322, "activity_lines": [ 36.71178, 36.678268, 36.583952, 36.551298 ] }, { "date": "2026-04-17", "close": 36.579453, "volume": 277002, "typical_volume": 178632.25, "trend": 36.5763, "fair_value": 35.214814, "relative_strength": -30.385935, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.944882, "energy": 12.619105, "activity_lines": [ 36.683424, 36.667957, 36.590929, 36.551298 ] }, { "date": "2026-04-24", "close": 36.532192, "volume": 213000, "typical_volume": 169423.85, "trend": 36.538492, "fair_value": 35.24876, "relative_strength": -33.240055, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 32.238071, "energy": 15.363155, "activity_lines": [ 36.636164, 36.645616, 36.591604, 36.548453 ] }, { "date": "2026-05-01", "close": 36.484928, "volume": 77140, "typical_volume": 164330.85, "trend": 36.513287, "fair_value": 35.284974, "relative_strength": -32.337024, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 26.44963, "energy": 10.724179, "activity_lines": [ 36.579451, 36.612963, 36.587103, 36.544997 ] }, { "date": "2026-05-08", "close": 36.390411, "volume": 278645, "typical_volume": 172163.1, "trend": 36.500684, "fair_value": 35.320325, "relative_strength": -35.896029, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 8.685227, "energy": 9.076218, "activity_lines": [ 36.500684, 36.567422, 36.573375, 36.537069 ] }, { "date": "2026-05-15", "close": 37.477398, "volume": 627210, "typical_volume": 197969.95, "trend": 36.52589, "fair_value": 35.360844, "relative_strength": -32.31023, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 60.566007, "energy": 30.090338, "activity_lines": [ 36.80315, 36.728107, 36.66362, 36.600083 ] }, { "date": "2026-05-22", "close": 37.193832, "volume": 628213, "typical_volume": 225880.6, "trend": 36.546369, "fair_value": 35.400574, "relative_strength": -33.682412, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 48.264481, "energy": 34.287787, "activity_lines": [ 36.970136, 36.821767, 36.721682, 36.643176 ] }, { "date": "2026-05-29", "close": 37.099316, "volume": 197234, "typical_volume": 231492.3, "trend": 36.568424, "fair_value": 35.439698, "relative_strength": -36.588399, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 46.38072, "energy": 41.131557, "activity_lines": [ 37.064657, 36.886213, 36.766467, 36.67885 ] }, { "date": "2026-06-05", "close": 37.430134, "volume": 139428, "typical_volume": 229652.4, "trend": 36.614109, "fair_value": 35.480686, "relative_strength": -35.549242, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 58.019119, "energy": 55.116011, "activity_lines": [ 37.231642, 37.002216, 36.839158, 36.734445 ] }, { "date": "2026-06-12", "close": 37.430134, "volume": 226544, "typical_volume": 232976.85, "trend": 36.659793, "fair_value": 35.521673, "relative_strength": -33.270419, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.28055, "energy": 50.935466, "activity_lines": [ 37.335614, 37.10361, 36.905997, 36.787091 ] }, { "date": "2026-06-19", "close": 38.37534, "volume": 332257, "typical_volume": 237884.75, "trend": 36.703903, "fair_value": 35.567178, "relative_strength": -34.075942, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.359881, "energy": 64.056738, "activity_lines": [ 37.68534, 37.363112, 37.05813, 36.897772 ] }, { "date": "2026-06-26", "close": 37.619175, "volume": 236070, "typical_volume": 238983.65, "trend": 36.751163, "fair_value": 35.606807, "relative_strength": -31.735268, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.951878, "energy": 53.791194, "activity_lines": [ 37.723148, 37.457632, 37.129695, 36.956822 ] }, { "date": "2026-07-03", "close": 38.900002, "volume": 466245, "typical_volume": 254694.1, "trend": 36.834816, "fair_value": 35.653875, "relative_strength": -31.837146, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.38789, "energy": 65.990701, "activity_lines": [ 38.159542, 37.766126, 37.317393, 37.095456 ] }, { "date": "2026-07-10", "close": 38.75, "volume": 0, "typical_volume": 249738.7, "trend": 36.911894, "fair_value": 35.696995, "relative_strength": -29.049947, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.000747, "energy": 68.714135, "activity_lines": [ 38.42589, 38.004295, 37.479079, 37.219017 ] }, { "date": "2026-07-17", "close": 38.599998, "volume": 267000, "typical_volume": 251437.85, "trend": 36.982396, "fair_value": 35.738062, "relative_strength": -23.991339, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.376444, "energy": 62.978742, "activity_lines": [ 38.554246, 38.174009, 37.616819, 37.327926 ] }, { "date": "2026-07-24", "close": 38.450001, "volume": 277104, "typical_volume": 251740.75, "trend": 37.051049, "fair_value": 35.780623, "relative_strength": -25.156083, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.305028, "energy": 58.745006, "activity_lines": [ 38.554612, 38.276276, 37.732002, 37.422611 ] }, { "date": "2026-07-31", "close": 38.650002, "volume": 264181, "typical_volume": 249442.0, "trend": 37.12952, "fair_value": 35.823102, "relative_strength": -23.003815, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.391453, "energy": 44.522671, "activity_lines": [ 38.616667, 38.397223, 37.85755, 37.525769 ] }, { "date": "2026-08-07", "close": 38.299999, "volume": 150108, "typical_volume": 248787.15, "trend": 37.194748, "fair_value": 35.86443, "relative_strength": -24.755674, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.75261, "energy": 36.712245, "activity_lines": [ 38.493333, 38.428057, 37.93968, 37.601284 ] }, { "date": "2026-08-14", "close": 39.349998, "volume": 558014, "typical_volume": 269827.3, "trend": 37.299702, "fair_value": 35.912761, "relative_strength": -24.545689, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.041613, "energy": 44.128679, "activity_lines": [ 38.759999, 38.62797, 38.113841, 37.740332 ] } ], "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." } } }