{ "ticker": { "uuid": "7c06ff1c-ccfe-4aeb-94ba-806ed5218ac7", "symbol": "603568", "name": "Zhejiang Weiming Environment Protection Co., Ltd.", "exchange": "SHH", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "000001.SS", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -60.309, "architecture_energy": 52.442, "architecture_maturity": 50.378, "architecture_confidence": 90.363, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 22.32, "rotation_up": 26.48, "upward_expansion": 8.5, "deceleration": 52.8, "rotation_down": 49.73, "downward_expansion": 79.5 }, "activity_lines": [ 15.232, 15.414, 15.850878, 16.959985 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 15.41, "trend_reference": 18.44883, "distance_from_trend": -0.164717, "trend_direction": "Weakening", "fair_value": 15.966154, "distance_from_fair_value": -0.034833, "fair_value_direction": "Weakening", "relative_strength": -13.33959, "relative_strength_direction": "Weakening", "price_momentum": -0.302576, "excess_performance": -0.259372, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.164717, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.054047, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.034833, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.115219, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.133396, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.010699, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.302576, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.401829, "read": "Demand-led" } ], "volume": { "latest": 54863314, "relative_activity": 1.421983, "balance": 1.401829, "dry_up": 1.426403, "accumulation_observations": 5, "distribution_observations": 2 }, "risk": { "range_context": 0.071927, "annualized_volatility": 0.335347, "from_high_reference": -0.346032, "from_low_reference": 0.086742 }, "levels": { "trend_reference": 18.44883, "fair_value_reference": 15.966154, "structural_low": 14.18, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 20, "median_return": 0.00728, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": 0.001908, "regime_survival": 0.75, "best_return": 0.300059, "worst_return": -0.112366, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.045863, "positive_rate": 0.714286, "directional_follow_through": 0.285714, "median_excess_return": -0.014111, "regime_survival": 0.285714, "best_return": 0.56717, "worst_return": -0.100107, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.134294, "positive_rate": 0.833333, "directional_follow_through": 0.166667, "median_excess_return": 0.061615, "regime_survival": 0.166667, "best_return": 0.241241, "worst_return": -0.164097, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.130328, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.07699, "regime_survival": 0.333333, "best_return": 0.134406, "worst_return": -0.00305, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-20", "end": "2024-09-27", "tenure": "New", "return": 0.135554, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-04", "end": "2024-12-06", "tenure": "Developing", "return": -0.026667, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-13", "end": "2025-01-10", "tenure": "Developing", "return": -0.077428, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-17", "end": "2025-02-28", "tenure": "Developing", "return": -0.05, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-07", "end": "2025-03-21", "tenure": "New", "return": 0.134979, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-28", "end": "2025-05-02", "tenure": "Developing", "return": -0.086304, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-09", "end": "2025-07-18", "tenure": "Developing", "return": 0.00077, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-25", "end": "2025-10-17", "tenure": "Established", "return": 0.10883, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-24", "end": "2025-12-12", "tenure": "Developing", "return": -0.015469, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-19", "end": "2025-12-26", "tenure": "New", "return": 0.063839, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-02", "end": "2026-03-27", "tenure": "Developing", "return": 0.035855, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-03", "end": "2026-04-24", "tenure": "New", "return": -0.159403, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-05-01", "end": "2026-05-22", "tenure": "New", "return": -0.082441, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-29", "end": "2026-08-07", "tenure": "Developing", "return": 0.022561, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 13.954128, "volume": 18478817, "typical_volume": 16944261.6, "trend": 14.121071, "fair_value": 15.3164, "relative_strength": -13.4472, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.665574, "energy": 17.176087, "activity_lines": [ 13.597006, 13.452243, 13.610524, 13.825551 ] }, { "date": "2023-08-04", "close": 13.961864, "volume": 17248513, "typical_volume": 16814699.5, "trend": 14.112797, "fair_value": 15.317506, "relative_strength": -12.653615, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.933755, "energy": 19.295889, "activity_lines": [ 13.751082, 13.548803, 13.629069, 13.81528 ] }, { "date": "2023-08-11", "close": 13.582845, "volume": 14513252, "typical_volume": 16712102.5, "trend": 14.07374, "fair_value": 15.323211, "relative_strength": -11.4574, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.667647, "energy": 21.037137, "activity_lines": [ 13.743219, 13.579013, 13.613284, 13.78109 ] }, { "date": "2023-08-18", "close": 13.698871, "volume": 13982094, "typical_volume": 15872265.1, "trend": 14.038551, "fair_value": 15.330738, "relative_strength": -8.111845, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.987377, "energy": 15.478508, "activity_lines": [ 13.746829, 13.627221, 13.611755, 13.756904 ] }, { "date": "2023-08-25", "close": 13.753015, "volume": 53044026, "typical_volume": 17582012.5, "trend": 13.997241, "fair_value": 15.337273, "relative_strength": -4.988996, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.49434, "energy": 10.223763, "activity_lines": [ 13.745797, 13.670586, 13.616758, 13.738483 ] }, { "date": "2023-09-01", "close": 13.71434, "volume": 26491900, "typical_volume": 17985077.9, "trend": 13.955154, "fair_value": 15.337722, "relative_strength": -6.619396, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.472292, "energy": 6.389278, "activity_lines": [ 13.720528, 13.696685, 13.619524, 13.720231 ] }, { "date": "2023-09-08", "close": 13.482287, "volume": 12896296, "typical_volume": 17533516.45, "trend": 13.886927, "fair_value": 15.328205, "relative_strength": -6.913914, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.469035, "energy": 14.935898, "activity_lines": [ 13.633895, 13.671481, 13.602367, 13.689724 ] }, { "date": "2023-09-15", "close": 13.296644, "volume": 13321135, "typical_volume": 17293220.4, "trend": 13.836541, "fair_value": 15.318576, "relative_strength": -7.517505, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.997691, "energy": 24.189657, "activity_lines": [ 13.517353, 13.611534, 13.5676, 13.651641 ] }, { "date": "2023-09-22", "close": 13.559638, "volume": 14879297, "typical_volume": 17495198.35, "trend": 13.78444, "fair_value": 15.313236, "relative_strength": -5.430059, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.496622, "energy": 21.502286, "activity_lines": [ 13.507555, 13.597189, 13.561317, 13.633776 ] }, { "date": "2023-09-29", "close": 13.691135, "volume": 10531084, "typical_volume": 17091161.05, "trend": 13.746948, "fair_value": 15.316549, "relative_strength": -3.230062, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.660659, "energy": 17.454472, "activity_lines": [ 13.550872, 13.603095, 13.570983, 13.627756 ] }, { "date": "2023-10-13", "close": 13.613784, "volume": 14080287, "typical_volume": 16824511.65, "trend": 13.723237, "fair_value": 15.317915, "relative_strength": -2.513015, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.785568, "energy": 15.547284, "activity_lines": [ 13.57253, 13.592969, 13.576338, 13.619165 ] }, { "date": "2023-10-20", "close": 13.296644, "volume": 24110593, "typical_volume": 17268599.15, "trend": 13.688699, "fair_value": 15.320521, "relative_strength": -0.809747, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.339558, "energy": 22.310937, "activity_lines": [ 13.495179, 13.53137, 13.553817, 13.591643 ] }, { "date": "2023-10-27", "close": 13.768487, "volume": 20103396, "typical_volume": 17120322.95, "trend": 13.672445, "fair_value": 15.326672, "relative_strength": 2.173726, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.627922, "energy": 7.793578, "activity_lines": [ 13.587485, 13.567655, 13.580072, 13.596791 ] }, { "date": "2023-11-03", "close": 14.04695, "volume": 20826203, "typical_volume": 17202092.8, "trend": 13.674421, "fair_value": 15.336021, "relative_strength": 3.974881, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.069308, "energy": 19.043976, "activity_lines": [ 13.741156, 13.651194, 13.631153, 13.620952 ] }, { "date": "2023-11-10", "close": 14.008274, "volume": 17484507, "typical_volume": 17406748.15, "trend": 13.672806, "fair_value": 15.34449, "relative_strength": 3.594638, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.797216, "energy": 31.434942, "activity_lines": [ 13.849447, 13.721372, 13.673045, 13.642491 ] }, { "date": "2023-11-17", "close": 13.853573, "volume": 12634063, "typical_volume": 17688097.2, "trend": 13.662201, "fair_value": 15.353678, "relative_strength": 2.200719, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.876716, "energy": 32.524863, "activity_lines": [ 13.885029, 13.758782, 13.696309, 13.654153 ] }, { "date": "2023-11-24", "close": 13.822632, "volume": 11229432, "typical_volume": 17592757.75, "trend": 13.673059, "fair_value": 15.360957, "relative_strength": 2.851349, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.766098, "energy": 35.811725, "activity_lines": [ 13.894311, 13.788035, 13.713576, 13.664504 ] }, { "date": "2023-12-01", "close": 13.528698, "volume": 12789940, "typical_volume": 17595280.35, "trend": 13.656736, "fair_value": 15.363451, "relative_strength": 1.240035, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.30576, "energy": 10.821179, "activity_lines": [ 13.770549, 13.757657, 13.70097, 13.65519 ] }, { "date": "2023-12-08", "close": 13.227029, "volume": 14031184, "typical_volume": 17778835.45, "trend": 13.621667, "fair_value": 15.36654, "relative_strength": 1.264106, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -11.33882, "energy": 12.227406, "activity_lines": [ 13.562217, 13.668211, 13.657948, 13.627467 ] }, { "date": "2023-12-15", "close": 13.265704, "volume": 14220965, "typical_volume": 17844849.2, "trend": 13.586098, "fair_value": 15.371254, "relative_strength": 2.661837, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -20.653042, "energy": 22.902705, "activity_lines": [ 13.421438, 13.591845, 13.619235, 13.604502 ] }, { "date": "2023-12-22", "close": 12.817068, "volume": 16431250, "typical_volume": 17742470.85, "trend": 13.543243, "fair_value": 15.374801, "relative_strength": 0.242507, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -47.053162, "energy": 53.047479, "activity_lines": [ 13.180618, 13.441643, 13.539306, 13.554887 ] }, { "date": "2023-12-29", "close": 12.376168, "volume": 23418458, "typical_volume": 18050968.1, "trend": 13.485691, "fair_value": 15.375002, "relative_strength": -5.002397, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -83.256777, "energy": 80.040452, "activity_lines": [ 12.861932, 13.225763, 13.422801, 13.479592 ] }, { "date": "2024-01-05", "close": 13.010447, "volume": 21102961, "typical_volume": 18380453.55, "trend": 13.472288, "fair_value": 15.379752, "relative_strength": 1.457429, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.534314, "energy": 70.034896, "activity_lines": [ 12.851103, 13.141943, 13.374254, 13.448931 ] }, { "date": "2024-01-12", "close": 13.482287, "volume": 23720112, "typical_volume": 18867354.45, "trend": 13.491996, "fair_value": 15.388085, "relative_strength": 6.822165, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.281834, "energy": 51.603641, "activity_lines": [ 13.032104, 13.157694, 13.37337, 13.449576 ] }, { "date": "2024-01-19", "close": 13.242499, "volume": 28675644, "typical_volume": 17648935.35, "trend": 13.493741, "fair_value": 15.401574, "relative_strength": 6.761996, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.663325, "energy": 31.725165, "activity_lines": [ 13.116159, 13.140115, 13.35068, 13.433479 ] }, { "date": "2024-01-26", "close": 12.917624, "volume": 23529997, "typical_volume": 17500840.2, "trend": 13.48389, "fair_value": 15.413985, "relative_strength": 1.433263, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.419753, "energy": 22.87626, "activity_lines": [ 13.093469, 13.07739, 13.299481, 13.396311 ] }, { "date": "2024-02-02", "close": 11.548511, "volume": 25298875, "typical_volume": 18120969.15, "trend": 13.421244, "fair_value": 15.418251, "relative_strength": -3.182293, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.362602, "energy": 49.320793, "activity_lines": [ 12.607705, 12.782753, 13.121684, 13.271447 ] }, { "date": "2024-02-09", "close": 13.698871, "volume": 51242180, "typical_volume": 20017021.4, "trend": 13.438713, "fair_value": 15.436153, "relative_strength": 9.313736, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.310746, "energy": 22.450834, "activity_lines": [ 12.893904, 12.920438, 13.157892, 13.289359 ] }, { "date": "2024-02-23", "close": 13.636989, "volume": 30180658, "typical_volume": 20782089.45, "trend": 13.447995, "fair_value": 15.456336, "relative_strength": 3.889397, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.708127, "energy": 13.520988, "activity_lines": [ 13.113581, 13.043777, 13.186291, 13.302151 ] }, { "date": "2024-03-01", "close": 14.00054, "volume": 30028803, "typical_volume": 21756975.4, "trend": 13.461918, "fair_value": 15.481527, "relative_strength": 5.863968, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.672016, "energy": 8.689588, "activity_lines": [ 13.444128, 13.225763, 13.248945, 13.337799 ] }, { "date": "2024-03-08", "close": 13.985069, "volume": 19257362, "typical_volume": 22015829.15, "trend": 13.46295, "fair_value": 15.501821, "relative_strength": 5.10472, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.746444, "energy": 25.798019, "activity_lines": [ 13.718982, 13.391576, 13.308653, 13.371551 ] }, { "date": "2024-03-15", "close": 14.611611, "volume": 28373448, "typical_volume": 22228971.9, "trend": 13.484608, "fair_value": 15.526392, "relative_strength": 9.343878, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.613498, "energy": 45.455033, "activity_lines": [ 14.13152, 13.650069, 13.426263, 13.445658 ] }, { "date": "2024-03-22", "close": 14.263534, "volume": 21541690, "typical_volume": 22300886.6, "trend": 13.507297, "fair_value": 15.544121, "relative_strength": 6.85536, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 34.069211, "energy": 49.891465, "activity_lines": [ 14.223826, 13.80463, 13.504461, 13.495911 ] }, { "date": "2024-03-29", "close": 14.209387, "volume": 25589817, "typical_volume": 22539067.3, "trend": 13.524315, "fair_value": 15.55849, "relative_strength": 6.567004, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 58.454578, "energy": 58.099207, "activity_lines": [ 14.260439, 13.926564, 13.575145, 13.541207 ] }, { "date": "2024-04-05", "close": 14.642554, "volume": 13103665, "typical_volume": 22320025.2, "trend": 13.553966, "fair_value": 15.574074, "relative_strength": 8.616201, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.700532, "energy": 59.50505, "activity_lines": [ 14.403281, 14.114035, 13.68631, 13.613352 ] }, { "date": "2024-04-12", "close": 14.820461, "volume": 27090806, "typical_volume": 23042862.35, "trend": 13.590837, "fair_value": 15.589423, "relative_strength": 11.440281, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.930595, "energy": 52.089859, "activity_lines": [ 14.562624, 14.308397, 13.811398, 13.695061 ] }, { "date": "2024-04-19", "close": 15.895639, "volume": 44638152, "typical_volume": 24713298.35, "trend": 13.671282, "fair_value": 15.611515, "relative_strength": 17.247305, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.912119, "energy": 70.683401, "activity_lines": [ 15.024667, 14.663649, 14.034279, 13.843758 ] }, { "date": "2024-04-26", "close": 15.77188, "volume": 36280889, "typical_volume": 25887845.8, "trend": 13.75379, "fair_value": 15.630211, "relative_strength": 15.023402, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.293589, "energy": 75.828996, "activity_lines": [ 15.359856, 14.917361, 14.235503, 13.97928 ] }, { "date": "2024-05-03", "close": 17.017229, "volume": 30612680, "typical_volume": 26716920.6, "trend": 13.869043, "fair_value": 15.659605, "relative_strength": 22.718324, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.054572, "energy": 86.757162, "activity_lines": [ 16.009604, 15.359808, 14.544649, 14.189825 ] }, { "date": "2024-05-10", "close": 16.746502, "volume": 31593517, "typical_volume": 27585548.2, "trend": 13.970888, "fair_value": 15.68782, "relative_strength": 18.306999, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.518625, "energy": 88.490475, "activity_lines": [ 16.38192, 15.691574, 14.809963, 14.375467 ] }, { "date": "2024-05-17", "close": 16.491245, "volume": 26971271, "typical_volume": 28112549.25, "trend": 14.066804, "fair_value": 15.708004, "relative_strength": 16.052264, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.841068, "energy": 87.343716, "activity_lines": [ 16.528888, 15.927003, 15.034392, 14.538071 ] }, { "date": "2024-05-24", "close": 16.259192, "volume": 22331834, "typical_volume": 28058218.05, "trend": 14.165555, "fair_value": 15.726216, "relative_strength": 16.393646, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.121182, "energy": 85.590569, "activity_lines": [ 16.487119, 16.074673, 15.219224, 14.679516 ] }, { "date": "2024-05-31", "close": 16.738766, "volume": 23405264, "typical_volume": 28173333.2, "trend": 14.264564, "fair_value": 15.746945, "relative_strength": 19.334388, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.116993, "energy": 81.440565, "activity_lines": [ 16.580971, 16.279583, 15.431239, 14.845529 ] }, { "date": "2024-06-07", "close": 16.854792, "volume": 27232796, "typical_volume": 28348967.4, "trend": 14.358159, "fair_value": 15.771504, "relative_strength": 20.98037, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.243737, "energy": 62.002688, "activity_lines": [ 16.649039, 16.460584, 15.636551, 15.012641 ] }, { "date": "2024-06-14", "close": 17.249285, "volume": 25440451, "typical_volume": 28187207.75, "trend": 14.466193, "fair_value": 15.794576, "relative_strength": 23.772749, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.589311, "energy": 64.391239, "activity_lines": [ 16.859435, 16.665213, 15.863374, 15.199165 ] }, { "date": "2024-06-21", "close": 16.328804, "volume": 26192355, "typical_volume": 28320325.65, "trend": 14.548701, "fair_value": 15.810594, "relative_strength": 17.797645, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.240722, "energy": 53.926486, "activity_lines": [ 16.729484, 16.655087, 15.983452, 15.319333 ] }, { "date": "2024-06-28", "close": 16.109627, "volume": 20916772, "typical_volume": 28101220.5, "trend": 14.624934, "fair_value": 15.826361, "relative_strength": 16.74074, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.89083, "energy": 41.808442, "activity_lines": [ 16.537304, 16.577686, 16.066412, 15.420038 ] }, { "date": "2024-07-05", "close": 15.303363, "volume": 18037116, "typical_volume": 26440967.3, "trend": 14.684089, "fair_value": 15.840157, "relative_strength": 11.069812, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 34.382323, "energy": 22.796745, "activity_lines": [ 16.08634, 16.3498, 16.050866, 15.463808 ] }, { "date": "2024-07-12", "close": 15.232912, "volume": 16188840, "typical_volume": 25741376.4, "trend": 14.750952, "fair_value": 15.854691, "relative_strength": 9.343516, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.753586, "energy": 23.042246, "activity_lines": [ 15.707586, 16.117624, 16.02097, 15.499216 ] }, { "date": "2024-07-19", "close": 15.037218, "volume": 22401510, "typical_volume": 25360011.75, "trend": 14.810002, "fair_value": 15.869495, "relative_strength": 7.135611, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.691489, "energy": 24.056729, "activity_lines": [ 15.371726, 15.88231, 15.964836, 15.517685 ] }, { "date": "2024-07-26", "close": 14.81804, "volume": 18771768, "typical_volume": 25335732.05, "trend": 14.876702, "fair_value": 15.881928, "relative_strength": 8.46921, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -10.962677, "energy": 30.084977, "activity_lines": [ 15.110277, 15.638222, 15.882892, 15.518203 ] }, { "date": "2024-08-02", "close": 14.395338, "volume": 18901489, "typical_volume": 24862134.1, "trend": 14.944007, "fair_value": 15.887263, "relative_strength": 4.567425, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -38.198687, "energy": 51.502246, "activity_lines": [ 14.808646, 15.347702, 15.756724, 15.487147 ] }, { "date": "2024-08-09", "close": 14.246609, "volume": 19865348, "typical_volume": 24778317.0, "trend": 14.985213, "fair_value": 15.884583, "relative_strength": 4.741806, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.461353, "energy": 63.879984, "activity_lines": [ 14.571724, 15.064028, 15.617421, 15.442154 ] }, { "date": "2024-08-16", "close": 14.551893, "volume": 20672511, "typical_volume": 24532451.7, "trend": 15.020866, "fair_value": 15.880316, "relative_strength": 5.99947, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.174618, "energy": 58.759401, "activity_lines": [ 14.507014, 14.881173, 15.507274, 15.414198 ] }, { "date": "2024-08-23", "close": 14.340543, "volume": 21761982, "typical_volume": 24965367.55, "trend": 15.057468, "fair_value": 15.877296, "relative_strength": 5.052918, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.081794, "energy": 51.500828, "activity_lines": [ 14.417255, 14.701761, 15.375367, 15.370306 ] }, { "date": "2024-08-30", "close": 14.309232, "volume": 22705660, "typical_volume": 24746110.25, "trend": 15.103855, "fair_value": 15.864237, "relative_strength": 4.992881, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.379788, "energy": 41.109047, "activity_lines": [ 14.363504, 14.569542, 15.241916, 15.322033 ] }, { "date": "2024-09-06", "close": 14.121364, "volume": 18822641, "typical_volume": 23455334.7, "trend": 15.189616, "fair_value": 15.853441, "relative_strength": 6.213915, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.942526, "energy": 39.621024, "activity_lines": [ 14.281051, 14.439885, 15.093007, 15.258646 ] }, { "date": "2024-09-13", "close": 13.91784, "volume": 14033122, "typical_volume": 22342946.35, "trend": 15.196915, "fair_value": 15.841416, "relative_strength": 6.743557, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -69.928086, "energy": 52.25779, "activity_lines": [ 14.149022, 14.309374, 14.933164, 15.176596 ] }, { "date": "2024-09-20", "close": 13.628213, "volume": 10511196, "typical_volume": 21337872.15, "trend": 15.196623, "fair_value": 15.82908, "relative_strength": 3.003897, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.111425, "energy": 69.943454, "activity_lines": [ 13.942368, 14.151394, 14.754566, 15.07539 ] }, { "date": "2024-09-27", "close": 15.475575, "volume": 29532779, "typical_volume": 21234835.25, "trend": 15.245791, "fair_value": 15.824591, "relative_strength": 3.372826, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.985871, "energy": 28.056659, "activity_lines": [ 14.41308, 14.358476, 14.768046, 15.093387 ] }, { "date": "2024-10-04", "close": 17.025482, "volume": 14672218, "typical_volume": 20619882.6, "trend": 15.347138, "fair_value": 15.821029, "relative_strength": 4.917551, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 3.219579, "energy": 16.475782, "activity_lines": [ 15.32476, 14.839388, 14.935188, 15.208205 ] }, { "date": "2024-10-11", "close": 16.782818, "volume": 55599721, "typical_volume": 22283276.95, "trend": 15.419511, "fair_value": 15.820132, "relative_strength": 6.895139, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.625538, "energy": 38.430833, "activity_lines": [ 15.974467, 15.236044, 15.076675, 15.30083 ] }, { "date": "2024-10-18", "close": 16.266182, "volume": 45853213, "typical_volume": 23405674.4, "trend": 15.486266, "fair_value": 15.821502, "relative_strength": 1.97978, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 20.512312, "energy": 37.626481, "activity_lines": [ 16.274533, 15.495358, 15.166465, 15.355454 ] }, { "date": "2024-10-25", "close": 16.681057, "volume": 28645125, "typical_volume": 23476290.85, "trend": 15.568655, "fair_value": 15.819464, "relative_strength": 3.129608, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 27.848508, "energy": 53.056522, "activity_lines": [ 16.556334, 15.793384, 15.298017, 15.432537 ] }, { "date": "2024-11-01", "close": 16.078318, "volume": 36929091, "typical_volume": 24050722.85, "trend": 15.616514, "fair_value": 15.818499, "relative_strength": 0.106287, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 23.879399, "energy": 49.124458, "activity_lines": [ 16.433699, 15.943109, 15.372993, 15.465419 ] }, { "date": "2024-11-08", "close": 16.751507, "volume": 45426548, "typical_volume": 25012432.5, "trend": 15.680882, "fair_value": 15.821849, "relative_strength": -1.233055, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 27.797754, "energy": 30.985467, "activity_lines": [ 16.495277, 16.183636, 15.517659, 15.538644 ] }, { "date": "2024-11-15", "close": 16.814131, "volume": 49894768, "typical_volume": 26461332.3, "trend": 15.711499, "fair_value": 15.826167, "relative_strength": 2.578506, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.135146, "energy": 31.878888, "activity_lines": [ 16.595996, 16.391144, 15.666275, 15.611757 ] }, { "date": "2024-11-22", "close": 16.399254, "volume": 28924759, "typical_volume": 27005714.45, "trend": 15.732411, "fair_value": 15.826241, "relative_strength": 1.800563, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 27.438535, "energy": 25.549376, "activity_lines": [ 16.556334, 16.474261, 15.772025, 15.656128 ] }, { "date": "2024-11-29", "close": 16.078318, "volume": 27237120, "typical_volume": 27558128.45, "trend": 15.701114, "fair_value": 15.82588, "relative_strength": -2.079869, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 16.818131, "energy": 19.742568, "activity_lines": [ 16.400822, 16.453909, 15.841991, 15.678445 ] }, { "date": "2024-12-06", "close": 16.571468, "volume": 34572325, "typical_volume": 28166669.2, "trend": 15.69528, "fair_value": 15.830865, "relative_strength": -1.533353, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 44.2786, "energy": 27.073338, "activity_lines": [ 16.449876, 16.478673, 15.954898, 15.734596 ] }, { "date": "2024-12-13", "close": 16.681057, "volume": 33108105, "typical_volume": 28883486.05, "trend": 15.701607, "fair_value": 15.829317, "relative_strength": -0.704841, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.879744, "energy": 25.455368, "activity_lines": [ 16.502583, 16.503437, 16.070936, 15.798195 ] }, { "date": "2024-12-20", "close": 16.579294, "volume": 23302638, "typical_volume": 29103543.5, "trend": 15.712277, "fair_value": 15.824741, "relative_strength": -0.772567, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.628891, "energy": 27.207514, "activity_lines": [ 16.526066, 16.515961, 16.16841, 15.85482 ] }, { "date": "2024-12-27", "close": 16.782818, "volume": 22237722, "typical_volume": 29222162.2, "trend": 15.713745, "fair_value": 15.795877, "relative_strength": -0.709283, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.22018, "energy": 33.122368, "activity_lines": [ 16.633046, 16.56919, 16.274868, 15.923887 ] }, { "date": "2025-01-03", "close": 15.976555, "volume": 27170762, "typical_volume": 29547074.75, "trend": 15.68447, "fair_value": 15.768553, "relative_strength": -0.239449, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.942516, "energy": 22.489358, "activity_lines": [ 16.445701, 16.466433, 16.292462, 15.940843 ] }, { "date": "2025-01-10", "close": 15.389469, "volume": 28855129, "typical_volume": 29901732.1, "trend": 15.622477, "fair_value": 15.742668, "relative_strength": -2.759811, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 18.172397, "energy": 12.678562, "activity_lines": [ 16.069444, 16.269741, 16.247359, 15.92181 ] }, { "date": "2025-01-17", "close": 15.812169, "volume": 28829331, "typical_volume": 30207915.65, "trend": 15.605255, "fair_value": 15.703172, "relative_strength": -2.422825, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.944147, "energy": 14.779392, "activity_lines": [ 15.912888, 16.162429, 16.237518, 15.934049 ] }, { "date": "2025-01-24", "close": 15.921762, "volume": 20593169, "typical_volume": 30296442.05, "trend": 15.598993, "fair_value": 15.667808, "relative_strength": -2.155533, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.061547, "energy": 18.631629, "activity_lines": [ 15.850788, 16.092121, 16.230958, 15.954468 ] }, { "date": "2025-01-31", "close": 15.843482, "volume": 4484412, "typical_volume": 29819006.55, "trend": 15.616997, "fair_value": 15.631678, "relative_strength": -2.738687, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.675072, "energy": 17.73531, "activity_lines": [ 15.806431, 16.023806, 16.208369, 15.970242 ] }, { "date": "2025-02-07", "close": 16.219215, "volume": 17453743, "typical_volume": 30166133.9, "trend": 15.649874, "fair_value": 15.609831, "relative_strength": -2.286224, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.641479, "energy": 10.486771, "activity_lines": [ 15.94994, 16.033911, 16.212395, 16.009095 ] }, { "date": "2025-02-14", "close": 15.499059, "volume": 26800928, "typical_volume": 30029541.35, "trend": 15.665269, "fair_value": 15.589774, "relative_strength": -7.773628, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -1.823682, "energy": 8.919585, "activity_lines": [ 15.83722, 15.910516, 16.135496, 15.999365 ] }, { "date": "2025-02-21", "close": 15.099841, "volume": 27326939, "typical_volume": 30662277.4, "trend": 15.674662, "fair_value": 15.565312, "relative_strength": -10.986618, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.387062, "energy": 30.440355, "activity_lines": [ 15.584121, 15.734035, 16.020465, 15.962885 ] }, { "date": "2025-02-28", "close": 15.021562, "volume": 35466175, "typical_volume": 29655600.1, "trend": 15.695536, "fair_value": 15.545511, "relative_strength": -9.86057, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -37.844661, "energy": 43.417249, "activity_lines": [ 15.352418, 15.572071, 15.907148, 15.92075 ] }, { "date": "2025-03-07", "close": 14.904144, "volume": 31744618, "typical_volume": 28950170.35, "trend": 15.717454, "fair_value": 15.522697, "relative_strength": -11.876721, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.648309, "energy": 59.645142, "activity_lines": [ 15.141588, 15.41708, 15.791035, 15.869692 ] }, { "date": "2025-03-14", "close": 16.164421, "volume": 72619975, "typical_volume": 31148912.85, "trend": 15.771205, "fair_value": 15.507546, "relative_strength": -5.718811, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.841044, "energy": 31.546671, "activity_lines": [ 15.413474, 15.525388, 15.801435, 15.898529 ] }, { "date": "2025-03-21", "close": 16.915894, "volume": 90010683, "typical_volume": 33802992.45, "trend": 15.85705, "fair_value": 15.492539, "relative_strength": 0.135554, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 17.875589, "energy": 10.582942, "activity_lines": [ 15.939503, 15.766912, 15.885864, 15.97238 ] }, { "date": "2025-03-28", "close": 16.688887, "volume": 39379123, "typical_volume": 33500621.2, "trend": 15.936372, "fair_value": 15.476943, "relative_strength": -0.926251, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 36.326587, "energy": 27.605873, "activity_lines": [ 16.295408, 15.939409, 15.944684, 16.026047 ] }, { "date": "2025-04-04", "close": 16.164421, "volume": 29119336, "typical_volume": 32461849.6, "trend": 16.004474, "fair_value": 15.47065, "relative_strength": -3.797071, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.970761, "energy": 28.122581, "activity_lines": [ 16.370555, 16.000608, 15.953854, 16.04076 ] }, { "date": "2025-04-11", "close": 15.279881, "volume": 56055178, "typical_volume": 33818370.55, "trend": 16.049875, "fair_value": 15.458386, "relative_strength": -6.078819, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -7.718216, "energy": 13.995345, "activity_lines": [ 16.074664, 15.896569, 15.881876, 15.994012 ] }, { "date": "2025-04-18", "close": 15.326846, "volume": 26940717, "typical_volume": 33803550.4, "trend": 16.106496, "fair_value": 15.448646, "relative_strength": -6.715659, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.514505, "energy": 20.4855, "activity_lines": [ 15.769379, 15.811317, 15.8197, 15.947365 ] }, { "date": "2025-04-25", "close": 14.919801, "volume": 46204465, "typical_volume": 34385157.4, "trend": 16.08797, "fair_value": 15.43641, "relative_strength": -9.497427, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.420618, "energy": 42.319104, "activity_lines": [ 15.384251, 15.668282, 15.722337, 15.870804 ] }, { "date": "2025-05-02", "close": 15.248569, "volume": 25356705, "typical_volume": 33997587.4, "trend": 16.02874, "fair_value": 15.4299, "relative_strength": -6.753291, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.934745, "energy": 40.83439, "activity_lines": [ 15.241785, 15.595554, 15.664151, 15.816649 ] }, { "date": "2025-05-09", "close": 15.264224, "volume": 23756857, "typical_volume": 34020298.35, "trend": 15.97812, "fair_value": 15.434572, "relative_strength": -8.153722, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.851843, "energy": 49.431908, "activity_lines": [ 15.200558, 15.522969, 15.614276, 15.767325 ] }, { "date": "2025-05-16", "close": 15.303363, "volume": 33968989, "typical_volume": 34606861.7, "trend": 15.946026, "fair_value": 15.442134, "relative_strength": -8.372069, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.401935, "energy": 44.371074, "activity_lines": [ 15.232391, 15.453088, 15.574392, 15.723792 ] }, { "date": "2025-05-23", "close": 15.272053, "volume": 18905037, "typical_volume": 34193575.45, "trend": 15.899059, "fair_value": 15.447874, "relative_strength": -7.786943, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.140578, "energy": 26.841407, "activity_lines": [ 15.252222, 15.370256, 15.53857, 15.68031 ] }, { "date": "2025-05-30", "close": 15.264224, "volume": 26510185, "typical_volume": 34076328.25, "trend": 15.871923, "fair_value": 15.444781, "relative_strength": -7.499563, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.394178, "energy": 24.428644, "activity_lines": [ 15.273096, 15.302225, 15.505358, 15.639353 ] }, { "date": "2025-06-06", "close": 15.492597, "volume": 14013607, "typical_volume": 33335542.05, "trend": 15.829959, "fair_value": 15.439308, "relative_strength": -6.821477, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.882681, "energy": 17.480486, "activity_lines": [ 15.347133, 15.305747, 15.494492, 15.61488 ] }, { "date": "2025-06-13", "close": 15.428412, "volume": 20420607, "typical_volume": 33326913.95, "trend": 15.783769, "fair_value": 15.431388, "relative_strength": -6.568298, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.170069, "energy": 16.441391, "activity_lines": [ 15.383506, 15.319349, 15.479035, 15.588974 ] }, { "date": "2025-06-20", "close": 15.123535, "volume": 21950302, "typical_volume": 34200208.45, "trend": 15.741245, "fair_value": 15.424416, "relative_strength": -7.605001, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.373955, "energy": 20.42431, "activity_lines": [ 15.307308, 15.290902, 15.436891, 15.546378 ] }, { "date": "2025-06-27", "close": 15.243881, "volume": 21224437, "typical_volume": 34388743.15, "trend": 15.71343, "fair_value": 15.418026, "relative_strength": -8.26561, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.002219, "energy": 21.841663, "activity_lines": [ 15.283213, 15.287178, 15.409637, 15.51429 ] }, { "date": "2025-07-04", "close": 15.372251, "volume": 20434251, "typical_volume": 34070409.3, "trend": 15.673456, "fair_value": 15.415438, "relative_strength": -8.498543, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.08144, "energy": 21.167711, "activity_lines": [ 15.303787, 15.308302, 15.399253, 15.492279 ] }, { "date": "2025-07-11", "close": 15.564805, "volume": 18383658, "typical_volume": 33623245.25, "trend": 15.636248, "fair_value": 15.411634, "relative_strength": -8.098653, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.300504, "energy": 13.863249, "activity_lines": [ 15.381344, 15.35621, 15.407812, 15.485269 ] }, { "date": "2025-07-18", "close": 15.275973, "volume": 28127922, "typical_volume": 33256332.6, "trend": 15.592804, "fair_value": 15.39075, "relative_strength": -10.16645, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.370743, "energy": 14.67518, "activity_lines": [ 15.357809, 15.345854, 15.386649, 15.462026 ] }, { "date": "2025-07-25", "close": 15.62899, "volume": 41640620, "typical_volume": 33751132.7, "trend": 15.554343, "fair_value": 15.358862, "relative_strength": -9.322296, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.43156, "energy": 8.004235, "activity_lines": [ 15.462109, 15.399468, 15.397894, 15.46436 ] }, { "date": "2025-08-01", "close": 15.356205, "volume": 28152735, "typical_volume": 31527770.7, "trend": 15.533665, "fair_value": 15.31125, "relative_strength": -9.829654, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.119156, "energy": 10.422377, "activity_lines": [ 15.441784, 15.397565, 15.379709, 15.451577 ] }, { "date": "2025-08-08", "close": 15.308066, "volume": 16772762, "typical_volume": 27865874.65, "trend": 15.530951, "fair_value": 15.252072, "relative_strength": -11.699206, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.596853, "energy": 10.063317, "activity_lines": [ 15.397925, 15.385379, 15.360788, 15.437022 ] }, { "date": "2025-08-15", "close": 15.235858, "volume": 28260933, "typical_volume": 27309965.15, "trend": 15.511741, "fair_value": 15.195283, "relative_strength": -13.255054, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.082701, "energy": 16.283208, "activity_lines": [ 15.334275, 15.359268, 15.342646, 15.417984 ] }, { "date": "2025-08-22", "close": 15.580851, "volume": 39738371, "typical_volume": 27840916.9, "trend": 15.500377, "fair_value": 15.150733, "relative_strength": -13.950349, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.974346, "energy": 8.019991, "activity_lines": [ 15.407552, 15.40055, 15.364279, 15.422443 ] }, { "date": "2025-08-29", "close": 15.460505, "volume": 76812869, "typical_volume": 28878801.45, "trend": 15.487611, "fair_value": 15.105559, "relative_strength": -14.972105, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.616012, "energy": 6.755848, "activity_lines": [ 15.420389, 15.41718, 15.37723, 15.41987 ] }, { "date": "2025-09-05", "close": 15.404344, "volume": 34821437, "typical_volume": 29272837.45, "trend": 15.460449, "fair_value": 15.07084, "relative_strength": -13.897599, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.060575, "energy": 8.00604, "activity_lines": [ 15.425738, 15.417472, 15.383972, 15.414498 ] }, { "date": "2025-09-12", "close": 15.96596, "volume": 54468475, "typical_volume": 29686037.95, "trend": 15.476012, "fair_value": 15.041737, "relative_strength": -11.72794, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.905749, "energy": 24.927649, "activity_lines": [ 15.615083, 15.516958, 15.443833, 15.447112 ] }, { "date": "2025-09-19", "close": 15.404344, "volume": 37650978, "typical_volume": 30300751.6, "trend": 15.486162, "fair_value": 15.007362, "relative_strength": -13.36925, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.066138, "energy": 16.366551, "activity_lines": [ 15.573364, 15.503538, 15.445224, 15.442488 ] }, { "date": "2025-09-26", "close": 15.492597, "volume": 28164970, "typical_volume": 30521157.25, "trend": 15.501863, "fair_value": 14.981762, "relative_strength": -12.707297, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.315583, "energy": 16.170816, "activity_lines": [ 15.549829, 15.509081, 15.454279, 15.442903 ] }, { "date": "2025-10-03", "close": 15.821544, "volume": 17218082, "typical_volume": 29683611.9, "trend": 15.532443, "fair_value": 14.955519, "relative_strength": -11.732686, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.277127, "energy": 27.748554, "activity_lines": [ 15.641827, 15.570494, 15.493575, 15.463528 ] }, { "date": "2025-10-10", "close": 17.025007, "volume": 34127463, "typical_volume": 30444733.2, "trend": 15.56113, "fair_value": 14.946428, "relative_strength": -5.030897, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 50.270616, "energy": 52.738824, "activity_lines": [ 16.11091, 15.847218, 15.645018, 15.559822 ] }, { "date": "2025-10-17", "close": 17.329887, "volume": 57394905, "typical_volume": 31988969.2, "trend": 15.574929, "fair_value": 14.943027, "relative_strength": -1.69352, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 80.830081, "energy": 77.287076, "activity_lines": [ 16.573576, 16.149032, 15.817151, 15.673936 ] }, { "date": "2025-10-24", "close": 17.634764, "volume": 46099834, "typical_volume": 33593280.55, "trend": 15.606459, "fair_value": 14.941089, "relative_strength": -2.522371, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.843283, "energy": 84.293243, "activity_lines": [ 17.046938, 16.469519, 16.008482, 15.806828 ] }, { "date": "2025-10-31", "close": 17.361979, "volume": 33153122, "typical_volume": 34229906.3, "trend": 15.646377, "fair_value": 14.93347, "relative_strength": -3.927576, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.964243, "energy": 82.242249, "activity_lines": [ 17.280678, 16.696791, 16.163634, 15.920088 ] }, { "date": "2025-11-07", "close": 18.766022, "volume": 51939157, "typical_volume": 35729349.05, "trend": 15.762582, "fair_value": 14.955547, "relative_strength": 2.799103, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.669206, "energy": 89.19046, "activity_lines": [ 17.857807, 17.14696, 16.443296, 16.121355 ] }, { "date": "2025-11-14", "close": 19.070898, "volume": 40138458, "typical_volume": 36675050.1, "trend": 15.887384, "fair_value": 14.983904, "relative_strength": 4.772861, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.9485, "energy": 87.902149, "activity_lines": [ 18.340262, 17.592461, 16.734649, 16.334795 ] }, { "date": "2025-11-21", "close": 18.693811, "volume": 32638076, "typical_volume": 37285241.35, "trend": 16.013184, "fair_value": 15.002568, "relative_strength": 6.93354, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.920389, "energy": 76.126303, "activity_lines": [ 18.560629, 17.902735, 16.971865, 16.515855 ] }, { "date": "2025-11-28", "close": 18.132195, "volume": 34971750, "typical_volume": 38114645.95, "trend": 16.109305, "fair_value": 15.009767, "relative_strength": 2.362122, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.175671, "energy": 63.900355, "activity_lines": [ 18.502862, 18.061301, 17.139777, 16.652565 ] }, { "date": "2025-12-05", "close": 17.706972, "volume": 25857887, "typical_volume": 38001144.2, "trend": 16.19073, "fair_value": 15.022696, "relative_strength": -0.262984, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.068185, "energy": 51.604809, "activity_lines": [ 18.270193, 18.092955, 17.254966, 16.75564 ] }, { "date": "2025-12-12", "close": 17.361979, "volume": 31070439, "typical_volume": 37472635.15, "trend": 16.25935, "fair_value": 15.035871, "relative_strength": -1.679024, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.842652, "energy": 33.743439, "activity_lines": [ 17.899526, 18.021623, 17.325722, 16.831205 ] }, { "date": "2025-12-19", "close": 19.102989, "volume": 35771057, "typical_volume": 37853551.25, "trend": 16.387048, "fair_value": 15.059468, "relative_strength": 8.155298, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.292431, "energy": 38.583245, "activity_lines": [ 18.202799, 18.23883, 17.554036, 17.014665 ] }, { "date": "2025-12-26", "close": 20.322502, "volume": 44150097, "typical_volume": 39222418.0, "trend": 16.555657, "fair_value": 15.094325, "relative_strength": 12.842599, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 80.53095, "energy": 53.436736, "activity_lines": [ 18.910436, 18.639985, 17.880653, 17.268566 ] }, { "date": "2026-01-02", "close": 20.362616, "volume": 17182522, "typical_volume": 38668497.45, "trend": 16.717991, "fair_value": 15.132535, "relative_strength": 12.843933, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.906207, "energy": 68.07479, "activity_lines": [ 19.522866, 18.994022, 18.187211, 17.514176 ] }, { "date": "2026-01-09", "close": 20.523077, "volume": 55637093, "typical_volume": 39463433.55, "trend": 16.887814, "fair_value": 15.176001, "relative_strength": 9.491704, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.700133, "energy": 81.369406, "activity_lines": [ 20.040087, 19.327637, 18.484639, 17.759665 ] }, { "date": "2026-01-16", "close": 21.213064, "volume": 54789850, "typical_volume": 38362282.6, "trend": 17.090798, "fair_value": 15.220892, "relative_strength": 13.542498, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.164192, "energy": 85.216688, "activity_lines": [ 20.599565, 19.729229, 18.824245, 18.038714 ] }, { "date": "2026-01-23", "close": 22.456646, "volume": 37001830, "typical_volume": 38471302.25, "trend": 17.331223, "fair_value": 15.270265, "relative_strength": 18.935093, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.701702, "energy": 89.882869, "activity_lines": [ 21.31683, 20.312436, 19.254894, 18.384897 ] }, { "date": "2026-01-30", "close": 22.095606, "volume": 48778697, "typical_volume": 38186813.35, "trend": 17.555335, "fair_value": 15.317323, "relative_strength": 17.297651, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.687078, "energy": 81.266321, "activity_lines": [ 21.690172, 20.768439, 19.617576, 18.692277 ] }, { "date": "2026-02-06", "close": 21.421665, "volume": 42457338, "typical_volume": 38427131.35, "trend": 17.750564, "fair_value": 15.358537, "relative_strength": 15.010815, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.412109, "energy": 71.609654, "activity_lines": [ 21.720659, 21.040058, 19.886885, 18.941718 ] }, { "date": "2026-02-13", "close": 22.191881, "volume": 34194862, "typical_volume": 38728625.95, "trend": 17.981094, "fair_value": 15.404786, "relative_strength": 18.264942, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.33337, "energy": 62.610659, "activity_lines": [ 21.937283, 21.391907, 20.200894, 19.228254 ] }, { "date": "2026-02-27", "close": 22.593037, "volume": 24905947, "typical_volume": 39113019.2, "trend": 18.213229, "fair_value": 15.450068, "relative_strength": 17.593955, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.05864, "energy": 60.857039, "activity_lines": [ 22.176371, 21.735149, 20.521206, 19.525799 ] }, { "date": "2026-03-06", "close": 22.98617, "volume": 44024124, "typical_volume": 39607852.25, "trend": 18.467561, "fair_value": 15.502491, "relative_strength": 20.236324, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.057395, "energy": 59.553273, "activity_lines": [ 22.454505, 22.05476, 20.846715, 19.833731 ] }, { "date": "2026-03-13", "close": 23.130585, "volume": 44176797, "typical_volume": 38946946.85, "trend": 18.728312, "fair_value": 15.553823, "relative_strength": 21.223085, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.452717, "energy": 58.1712, "activity_lines": [ 22.745476, 22.330026, 21.157591, 20.134571 ] }, { "date": "2026-03-20", "close": 20.988417, "volume": 37884924, "typical_volume": 38536201.35, "trend": 18.920064, "fair_value": 15.593391, "relative_strength": 13.572933, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.189377, "energy": 44.729128, "activity_lines": [ 22.253393, 22.16475, 21.236828, 20.280384 ] }, { "date": "2026-03-27", "close": 21.092718, "volume": 30578687, "typical_volume": 38407479.6, "trend": 19.103793, "fair_value": 15.636773, "relative_strength": 15.229102, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.587381, "energy": 32.146093, "activity_lines": [ 21.824959, 22.007059, 21.310029, 20.420555 ] }, { "date": "2026-04-03", "close": 19.881231, "volume": 30245912, "typical_volume": 37322817.35, "trend": 19.25115, "fair_value": 15.67234, "relative_strength": 9.487194, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.246871, "energy": 18.814719, "activity_lines": [ 21.065975, 21.618742, 21.250085, 20.470713 ] }, { "date": "2026-04-10", "close": 20.619354, "volume": 26781695, "typical_volume": 36654979.2, "trend": 19.424984, "fair_value": 15.71313, "relative_strength": 10.376547, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.911515, "energy": 24.017742, "activity_lines": [ 20.733818, 21.388843, 21.255128, 20.558984 ] }, { "date": "2026-04-17", "close": 18.693811, "volume": 55774355, "typical_volume": 37811793.15, "trend": 19.515912, "fair_value": 15.743297, "relative_strength": -1.499187, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -11.184999, "energy": 24.883313, "activity_lines": [ 19.917601, 20.842251, 21.069413, 20.511811 ] }, { "date": "2026-04-24", "close": 16.712109, "volume": 86118154, "typical_volume": 40369113.35, "trend": 19.559504, "fair_value": 15.760319, "relative_strength": -12.346526, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -46.73551, "energy": 55.709315, "activity_lines": [ 18.736602, 19.997201, 20.694963, 20.330921 ] }, { "date": "2026-05-01", "close": 17.225586, "volume": 49849998, "typical_volume": 41568718.9, "trend": 19.617271, "fair_value": 15.779895, "relative_strength": -10.236924, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.531587, "energy": 65.487176, "activity_lines": [ 18.011849, 19.331138, 20.376179, 20.180345 ] }, { "date": "2026-05-08", "close": 17.073147, "volume": 27252922, "typical_volume": 41377843.05, "trend": 19.658991, "fair_value": 15.80282, "relative_strength": -12.269706, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.956562, "energy": 69.839679, "activity_lines": [ 17.494092, 18.727655, 20.045169, 20.016208 ] }, { "date": "2026-05-15", "close": 16.431299, "volume": 33668623, "typical_volume": 41272721.35, "trend": 19.639201, "fair_value": 15.818287, "relative_strength": -14.448054, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.021158, "energy": 75.918662, "activity_lines": [ 16.949591, 18.107834, 19.654406, 19.80797 ] }, { "date": "2026-05-22", "close": 15.805498, "volume": 29780352, "typical_volume": 40554234.1, "trend": 19.588388, "fair_value": 15.828072, "relative_strength": -17.01531, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -79.104016, "energy": 88.11731, "activity_lines": [ 16.475694, 17.493411, 19.216765, 19.560635 ] }, { "date": "2026-05-29", "close": 15.07, "volume": 42333115, "typical_volume": 41811763.75, "trend": 19.502895, "fair_value": 15.832798, "relative_strength": -19.729159, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.010262, "energy": 89.994585, "activity_lines": [ 15.949185, 16.878445, 18.730587, 19.269126 ] }, { "date": "2026-06-05", "close": 14.99, "volume": 15039276, "typical_volume": 39781872.9, "trend": 19.42383, "fair_value": 15.838485, "relative_strength": -19.063082, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.188284, "energy": 88.37043, "activity_lines": [ 15.505483, 16.35654, 18.261992, 18.977971 ] }, { "date": "2026-06-12", "close": 16.200001, "volume": 10521718, "typical_volume": 37568466.3, "trend": 19.338295, "fair_value": 15.85193, "relative_strength": -12.40734, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.688927, "energy": 77.609281, "activity_lines": [ 15.614153, 16.165594, 17.934983, 18.769982 ] }, { "date": "2026-06-19", "close": 16.389999, "volume": 41764815, "typical_volume": 37806615.55, "trend": 19.248932, "fair_value": 15.871016, "relative_strength": -12.45138, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.270984, "energy": 60.088406, "activity_lines": [ 15.844366, 16.076125, 17.649942, 18.57977 ] }, { "date": "2026-06-26", "close": 15.67, "volume": 6928094, "typical_volume": 35714085.4, "trend": 19.148138, "fair_value": 15.88883, "relative_strength": -14.76489, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.757678, "energy": 56.456232, "activity_lines": [ 15.837333, 15.932644, 17.325217, 18.348871 ] }, { "date": "2026-07-03", "close": 15.68, "volume": 6429098, "typical_volume": 33912673.4, "trend": 19.066399, "fair_value": 15.90479, "relative_strength": -14.850021, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.806832, "energy": 51.145764, "activity_lines": [ 15.842667, 15.845959, 17.032043, 18.12512 ] }, { "date": "2026-07-10", "close": 15.95, "volume": 58443066, "typical_volume": 35125083.6, "trend": 19.007833, "fair_value": 15.922334, "relative_strength": -12.193071, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.524191, "energy": 44.295003, "activity_lines": [ 15.897333, 15.827132, 16.791925, 17.924062 ] }, { "date": "2026-07-17", "close": 14.73, "volume": 65871158, "typical_volume": 37173344.15, "trend": 18.9201, "fair_value": 15.930681, "relative_strength": -13.721081, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.774341, "energy": 58.182874, "activity_lines": [ 15.481333, 15.609678, 16.46534, 17.648073 ] }, { "date": "2026-07-24", "close": 14.94, "volume": 60214647, "typical_volume": 37982870.3, "trend": 18.781334, "fair_value": 15.941996, "relative_strength": -13.4906, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.933703, "energy": 58.434885, "activity_lines": [ 15.233333, 15.473009, 16.196197, 17.391292 ] }, { "date": "2026-07-31", "close": 15.3, "volume": 39186400, "typical_volume": 37733350.45, "trend": 18.613917, "fair_value": 15.954442, "relative_strength": -11.689873, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.7211, "energy": 58.425302, "activity_lines": [ 15.202, 15.428909, 15.999655, 17.16669 ] }, { "date": "2026-08-07", "close": 15.41, "volume": 54863314, "typical_volume": 38582269.95, "trend": 18.44883, "fair_value": 15.966154, "relative_strength": -13.33959, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.308924, "energy": 52.441736, "activity_lines": [ 15.232, 15.414, 15.850878, 16.959985 ] } ], "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." } } }