{ "ticker": { "uuid": "7d77de67-16a6-43fd-9bb7-478ccdb33565", "symbol": "002007", "name": "Hualan Biological Engineering Inc.", "exchange": "SHZ", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "399001.SZ", "stage": 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": -33.521, "architecture_energy": 21.065, "architecture_maturity": 100.0, "architecture_confidence": 73.647, "architecture_tenure": "Extended", "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": 39.85, "rotation_up": 29.31, "upward_expansion": 19.22, "deceleration": 46.98, "rotation_down": 23.23, "downward_expansion": 55.56 }, "activity_lines": [ 13.221333, 13.027434, 13.18706, 13.570612 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 13.43, "trend_reference": 14.126606, "distance_from_trend": -0.049312, "trend_direction": "Weakening", "fair_value": 16.465196, "distance_from_fair_value": -0.18434, "fair_value_direction": "Weakening", "relative_strength": -13.2351, "relative_strength_direction": "Improving", "price_momentum": -0.140755, "excess_performance": -0.148155, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.049312, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.061416, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.18434, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.002562, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.132351, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.140309, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.140755, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.398636, "read": "Supply-led" } ], "volume": { "latest": 59367745, "relative_activity": 1.345578, "balance": 0.398636, "dry_up": 1.661654, "accumulation_observations": 2, "distribution_observations": 5 }, "risk": { "range_context": 0.052233, "annualized_volatility": 0.1829, "from_high_reference": -0.2472, "from_low_reference": 0.109917 }, "levels": { "trend_reference": 14.126606, "fair_value_reference": 16.465196, "structural_low": 12.1, "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": 31, "median_return": -0.022936, "positive_rate": 0.354839, "directional_follow_through": 0.612903, "median_excess_return": -0.023786, "regime_survival": 0.903226, "best_return": 0.198795, "worst_return": -0.20712, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.050522, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.058809, "regime_survival": 0.7, "best_return": 0.225651, "worst_return": -0.446982, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.164968, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.133267, "regime_survival": 0.666667, "best_return": -0.023157, "worst_return": -0.322193, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.225124, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.266776, "regime_survival": 0.333333, "best_return": -0.009471, "worst_return": -0.438974, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-09-15", "end": "2023-09-29", "tenure": "New", "return": 0.030163, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-10-13", "end": "2023-11-17", "tenure": "Developing", "return": 0.024801, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-11-24", "end": "2024-01-12", "tenure": "Developing", "return": -0.146154, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-01-19", "end": "2024-10-18", "tenure": "Extended", "return": -0.131525, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-25", "end": "2024-11-08", "tenure": "New", "return": 0.050269, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-11-15", "end": "2024-11-22", "tenure": "New", "return": -0.015348, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-29", "end": "2024-12-20", "tenure": "New", "return": 0.05694, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-27", "end": "2025-01-17", "tenure": "New", "return": -0.093103, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-24", "end": "2025-02-14", "tenure": "New", "return": 0.049524, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-21", "end": "2025-07-25", "tenure": "Established", "return": 0.038715, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-01", "end": "2025-09-26", "tenure": "Developing", "return": -0.035457, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-03", "end": "2025-12-12", "tenure": "Developing", "return": -0.010614, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-12-19", "end": "2026-01-02", "tenure": "New", "return": -0.016255, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-09", "end": "2026-08-07", "tenure": "Extended", "return": -0.141853, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 21.79184, "volume": 51183855, "typical_volume": 51957322.65, "trend": 20.920274, "fair_value": 28.875125, "relative_strength": 12.49805, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 48.208516, "energy": 26.829811, "activity_lines": [ 21.115964, 20.927751, 20.932849, 20.920673 ] }, { "date": "2023-08-04", "close": 21.603577, "volume": 41691837, "typical_volume": 51130472.9, "trend": 20.939932, "fair_value": 28.715325, "relative_strength": 9.699186, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 55.460968, "energy": 41.727637, "activity_lines": [ 21.319293, 21.072164, 20.993537, 20.964757 ] }, { "date": "2023-08-11", "close": 20.888163, "volume": 36957780, "typical_volume": 49076094.9, "trend": 20.941005, "fair_value": 28.534219, "relative_strength": 9.773837, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 42.949561, "energy": 33.860846, "activity_lines": [ 21.250262, 21.072402, 20.979214, 20.961418 ] }, { "date": "2023-08-18", "close": 20.530455, "volume": 22196680, "typical_volume": 47032824.9, "trend": 20.911273, "fair_value": 28.286217, "relative_strength": 10.989298, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.942596, "energy": 14.722227, "activity_lines": [ 21.045051, 21.000095, 20.929122, 20.93493 ] }, { "date": "2023-08-25", "close": 19.63619, "volume": 60076395, "typical_volume": 44736673.75, "trend": 20.847709, "fair_value": 28.049787, "relative_strength": 9.115547, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -35.075679, "energy": 27.40544, "activity_lines": [ 20.531084, 20.75997, 20.792627, 20.852667 ] }, { "date": "2023-09-01", "close": 20.078615, "volume": 25341309, "typical_volume": 40268327.2, "trend": 20.822416, "fair_value": 27.858055, "relative_strength": 7.503746, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -55.240955, "energy": 43.932883, "activity_lines": [ 20.260607, 20.624247, 20.709603, 20.803048 ] }, { "date": "2023-09-08", "close": 19.758564, "volume": 19275653, "typical_volume": 38276937.25, "trend": 20.791098, "fair_value": 27.660061, "relative_strength": 7.206188, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -62.660531, "energy": 59.463521, "activity_lines": [ 19.997662, 20.440259, 20.609086, 20.734412 ] }, { "date": "2023-09-15", "close": 20.285709, "volume": 22303076, "typical_volume": 36067531.9, "trend": 20.799637, "fair_value": 27.446854, "relative_strength": 11.068945, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.4952, "energy": 58.666158, "activity_lines": [ 20.033432, 20.37642, 20.568995, 20.701807 ] }, { "date": "2023-09-22", "close": 20.464563, "volume": 35837328, "typical_volume": 36348998.5, "trend": 20.797114, "fair_value": 27.249995, "relative_strength": 11.123199, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.720898, "energy": 39.180119, "activity_lines": [ 20.168984, 20.351432, 20.55228, 20.680189 ] }, { "date": "2023-09-29", "close": 20.897577, "volume": 24809313, "typical_volume": 35171156.45, "trend": 20.809334, "fair_value": 27.099876, "relative_strength": 13.565627, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.181696, "energy": 15.105279, "activity_lines": [ 20.453267, 20.403462, 20.579021, 20.686671 ] }, { "date": "2023-10-13", "close": 21.255281, "volume": 51415346, "typical_volume": 35503054.0, "trend": 20.824192, "fair_value": 26.951525, "relative_strength": 15.26738, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.84734, "energy": 13.408453, "activity_lines": [ 20.772692, 20.523781, 20.637244, 20.715441 ] }, { "date": "2023-10-20", "close": 20.42691, "volume": 25868683, "typical_volume": 34178619.1, "trend": 20.833105, "fair_value": 26.761206, "relative_strength": 15.845239, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.344771, "energy": 17.678547, "activity_lines": [ 20.737549, 20.503243, 20.613656, 20.68981 ] }, { "date": "2023-10-27", "close": 21.029364, "volume": 30485094, "typical_volume": 33572662.4, "trend": 20.849718, "fair_value": 26.562822, "relative_strength": 16.186297, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.383727, "energy": 10.56536, "activity_lines": [ 20.858668, 20.613636, 20.649354, 20.702472 ] }, { "date": "2023-11-03", "close": 21.867147, "volume": 64078850, "typical_volume": 34722776.15, "trend": 20.902924, "fair_value": 26.344494, "relative_strength": 19.143099, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.253956, "energy": 28.311806, "activity_lines": [ 21.209471, 20.873786, 20.762203, 20.768113 ] }, { "date": "2023-11-10", "close": 21.65064, "volume": 49628358, "typical_volume": 35047749.3, "trend": 20.890722, "fair_value": 26.130274, "relative_strength": 15.997548, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.210332, "energy": 36.654353, "activity_lines": [ 21.394599, 21.070267, 20.846699, 20.816352 ] }, { "date": "2023-11-17", "close": 21.782427, "volume": 37104901, "typical_volume": 36174796.15, "trend": 20.856604, "fair_value": 25.970159, "relative_strength": 15.90714, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 60.081087, "energy": 54.51617, "activity_lines": [ 21.573452, 21.254084, 20.940428, 20.873882 ] }, { "date": "2023-11-24", "close": 22.027174, "volume": 36235639, "typical_volume": 36334550.05, "trend": 20.860667, "fair_value": 25.812022, "relative_strength": 18.019626, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.884732, "energy": 61.155867, "activity_lines": [ 21.798744, 21.451421, 21.051954, 20.949402 ] }, { "date": "2023-12-01", "close": 23.006159, "volume": 80000089, "typical_volume": 39001138.85, "trend": 20.906959, "fair_value": 25.695532, "relative_strength": 24.040479, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.845277, "energy": 75.181873, "activity_lines": [ 22.24368, 21.785508, 21.252278, 21.087821 ] }, { "date": "2023-12-08", "close": 22.394293, "volume": 59119698, "typical_volume": 40639398.45, "trend": 20.95576, "fair_value": 25.57816, "relative_strength": 22.094682, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.10043, "energy": 69.195104, "activity_lines": [ 22.352874, 21.958884, 21.383034, 21.183778 ] }, { "date": "2023-12-15", "close": 20.925816, "volume": 73845778, "typical_volume": 42372783.1, "trend": 20.974803, "fair_value": 25.459734, "relative_strength": 15.524913, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.962424, "energy": 39.426335, "activity_lines": [ 21.937434, 21.830179, 21.364297, 21.181846 ] }, { "date": "2023-12-22", "close": 20.643415, "volume": 37542172, "typical_volume": 41690698.95, "trend": 20.974837, "fair_value": 25.348502, "relative_strength": 15.341764, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 24.735914, "energy": 15.466569, "activity_lines": [ 21.476181, 21.649614, 21.319382, 21.160466 ] }, { "date": "2023-12-29", "close": 20.83168, "volume": 38730566, "typical_volume": 41542635.4, "trend": 20.974956, "fair_value": 25.212694, "relative_strength": 12.330023, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 16.97593, "energy": 18.281064, "activity_lines": [ 21.153617, 21.514404, 21.297865, 21.15123 ] }, { "date": "2024-01-05", "close": 20.031549, "volume": 39381827, "typical_volume": 41663837.75, "trend": 20.960166, "fair_value": 25.097482, "relative_strength": 12.381103, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -18.956631, "energy": 28.430567, "activity_lines": [ 20.644042, 21.226356, 21.203822, 21.090366 ] }, { "date": "2024-01-12", "close": 18.807816, "volume": 44850951, "typical_volume": 42796551.3, "trend": 20.912323, "fair_value": 24.958288, "relative_strength": 6.733126, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -45.092451, "energy": 55.523226, "activity_lines": [ 19.924864, 20.733954, 20.997311, 20.951504 ] }, { "date": "2024-01-19", "close": 17.922966, "volume": 59031515, "typical_volume": 42744307.3, "trend": 20.811286, "fair_value": 24.825408, "relative_strength": 3.924449, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.903069, "energy": 84.788607, "activity_lines": [ 19.149834, 20.136294, 20.714732, 20.758643 ] }, { "date": "2024-01-26", "close": 17.744112, "volume": 53737221, "typical_volume": 44164102.9, "trend": 20.715271, "fair_value": 24.6922, "relative_strength": 2.996994, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.753742, "energy": 89.037282, "activity_lines": [ 18.515377, 19.57389, 20.423278, 20.56076 ] }, { "date": "2024-02-02", "close": 16.595686, "volume": 45550148, "typical_volume": 45477827.65, "trend": 20.565285, "fair_value": 24.503982, "relative_strength": 4.512153, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.701122, "energy": 95.006918, "activity_lines": [ 17.691397, 18.876106, 20.033566, 20.294981 ] }, { "date": "2024-02-09", "close": 17.866486, "volume": 69155563, "typical_volume": 47820452.0, "trend": 20.473034, "fair_value": 24.330107, "relative_strength": 2.462152, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.184643, "energy": 83.897001, "activity_lines": [ 17.573417, 18.508131, 19.779945, 20.120865 ] }, { "date": "2024-02-23", "close": 18.384218, "volume": 48380047, "typical_volume": 48447587.95, "trend": 20.406827, "fair_value": 24.147449, "relative_strength": 2.241503, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.763308, "energy": 71.744713, "activity_lines": [ 17.772352, 18.327738, 19.587151, 19.986102 ] }, { "date": "2024-03-01", "close": 18.647793, "volume": 51587420, "typical_volume": 49786493.3, "trend": 20.325873, "fair_value": 23.998109, "relative_strength": -0.565789, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.682688, "energy": 50.293111, "activity_lines": [ 18.087385, 18.268178, 19.429366, 19.872616 ] }, { "date": "2024-03-08", "close": 18.214779, "volume": 41805569, "typical_volume": 49306004.45, "trend": 20.206637, "fair_value": 23.82255, "relative_strength": -2.384011, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.180625, "energy": 36.166761, "activity_lines": [ 18.209759, 18.171306, 19.241055, 19.736417 ] }, { "date": "2024-03-15", "close": 19.269072, "volume": 69165015, "typical_volume": 51470821.05, "trend": 20.128821, "fair_value": 23.63048, "relative_strength": 0.384258, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.119792, "energy": 24.02657, "activity_lines": [ 18.652185, 18.310281, 19.167631, 19.675928 ] }, { "date": "2024-03-22", "close": 18.450111, "volume": 46986356, "typical_volume": 52295884.15, "trend": 20.047552, "fair_value": 23.467713, "relative_strength": -3.510419, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.907718, "energy": 22.343916, "activity_lines": [ 18.643399, 18.328766, 19.021724, 19.567625 ] }, { "date": "2024-03-29", "close": 18.98667, "volume": 30996087, "typical_volume": 50641746.0, "trend": 19.996093, "fair_value": 23.339312, "relative_strength": 0.81022, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.639417, "energy": 19.596197, "activity_lines": [ 18.774557, 18.473559, 18.939201, 19.499181 ] }, { "date": "2024-04-05", "close": 18.2995, "volume": 52026992, "typical_volume": 50761677.7, "trend": 19.951536, "fair_value": 23.214283, "relative_strength": -4.44327, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.969256, "energy": 20.082866, "activity_lines": [ 18.636496, 18.490161, 18.804949, 19.389723 ] }, { "date": "2024-04-12", "close": 17.687634, "volume": 58323198, "typical_volume": 51822592.55, "trend": 19.871837, "fair_value": 23.094101, "relative_strength": -4.642067, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.063288, "energy": 34.990929, "activity_lines": [ 18.317698, 18.388669, 18.628382, 19.243665 ] }, { "date": "2024-04-19", "close": 17.913553, "volume": 57803389, "typical_volume": 52900980.05, "trend": 19.810337, "fair_value": 22.982441, "relative_strength": -4.040605, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.960148, "energy": 35.911497, "activity_lines": [ 18.10935, 18.329279, 18.49283, 19.117324 ] }, { "date": "2024-04-26", "close": 17.452301, "volume": 65870191, "typical_volume": 52194485.15, "trend": 19.71589, "fair_value": 22.86192, "relative_strength": -8.25581, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.06294, "energy": 49.499691, "activity_lines": [ 17.837619, 18.162065, 18.332939, 18.965193 ] }, { "date": "2024-05-03", "close": 18.327736, "volume": 35170700, "typical_volume": 50997035.25, "trend": 19.644662, "fair_value": 22.743912, "relative_strength": -4.890754, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.568491, "energy": 42.593698, "activity_lines": [ 17.924221, 18.161551, 18.282868, 18.875634 ] }, { "date": "2024-05-10", "close": 18.81723, "volume": 61455314, "typical_volume": 50377512.05, "trend": 19.575317, "fair_value": 22.620681, "relative_strength": -3.821789, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.62257, "energy": 28.830643, "activity_lines": [ 18.217916, 18.251063, 18.298781, 18.822252 ] }, { "date": "2024-05-17", "close": 18.497177, "volume": 48252014, "typical_volume": 50913004.15, "trend": 19.48338, "fair_value": 22.489143, "relative_strength": -5.275163, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.914414, "energy": 19.578213, "activity_lines": [ 18.370411, 18.279302, 18.294254, 18.752694 ] }, { "date": "2024-05-24", "close": 17.424061, "volume": 55759493, "typical_volume": 51764450.5, "trend": 19.383285, "fair_value": 22.347628, "relative_strength": -8.073257, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.60105, "energy": 24.350575, "activity_lines": [ 18.111232, 18.107296, 18.197745, 18.619835 ] }, { "date": "2024-05-31", "close": 17.104006, "volume": 47336598, "typical_volume": 52162189.05, "trend": 19.25244, "fair_value": 22.211252, "relative_strength": -9.15163, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.141428, "energy": 35.998051, "activity_lines": [ 17.778, 17.910643, 18.086982, 18.472785 ] }, { "date": "2024-06-07", "close": 16.746302, "volume": 50433095, "typical_volume": 52441296.25, "trend": 19.081745, "fair_value": 22.094974, "relative_strength": -9.92093, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.604848, "energy": 61.270071, "activity_lines": [ 17.348753, 17.673427, 17.956092, 18.311098 ] }, { "date": "2024-06-14", "close": 16.370264, "volume": 41821040, "typical_volume": 51580772.5, "trend": 18.905733, "fair_value": 21.964594, "relative_strength": -11.833027, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.943024, "energy": 76.693811, "activity_lines": [ 16.89959, 17.408575, 17.799205, 18.136164 ] }, { "date": "2024-06-21", "close": 15.862585, "volume": 56457106, "typical_volume": 51716766.75, "trend": 18.708405, "fair_value": 21.840664, "relative_strength": -12.696007, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.58946, "energy": 83.473439, "activity_lines": [ 16.444331, 17.086495, 17.601363, 17.939832 ] }, { "date": "2024-06-28", "close": 15.125012, "volume": 42362034, "typical_volume": 51557361.05, "trend": 18.478333, "fair_value": 21.70423, "relative_strength": -14.60413, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.142007, "energy": 89.851237, "activity_lines": [ 15.918853, 16.663493, 17.342234, 17.708645 ] }, { "date": "2024-07-05", "close": 14.693965, "volume": 51764300, "typical_volume": 50687797.9, "trend": 18.20126, "fair_value": 21.57164, "relative_strength": -15.434308, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.419776, "energy": 92.998858, "activity_lines": [ 15.402964, 16.21282, 17.049057, 17.464492 ] }, { "date": "2024-07-12", "close": 15.709323, "volume": 62680956, "typical_volume": 51402843.35, "trend": 17.978427, "fair_value": 21.456023, "relative_strength": -11.090714, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.801444, "energy": 81.275087, "activity_lines": [ 15.386196, 15.996909, 16.867688, 17.303722 ] }, { "date": "2024-07-19", "close": 16.264896, "volume": 53635441, "typical_volume": 51505244.4, "trend": 17.823063, "fair_value": 21.348996, "relative_strength": -8.394374, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.824889, "energy": 56.538633, "activity_lines": [ 15.623752, 15.929619, 16.751968, 17.193172 ] }, { "date": "2024-07-26", "close": 15.603956, "volume": 41372269, "typical_volume": 51483579.4, "trend": 17.655081, "fair_value": 21.231305, "relative_strength": -8.967644, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.269863, "energy": 52.15476, "activity_lines": [ 15.648018, 15.788564, 16.584649, 17.050004 ] }, { "date": "2024-08-02", "close": 15.584799, "volume": 47489152, "typical_volume": 50399786.25, "trend": 17.480185, "fair_value": 21.11579, "relative_strength": -8.503083, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.169128, "energy": 43.534702, "activity_lines": [ 15.683141, 15.696629, 16.427938, 16.916437 ] }, { "date": "2024-08-09", "close": 15.153749, "volume": 36591724, "typical_volume": 49880054.65, "trend": 17.317592, "fair_value": 21.001284, "relative_strength": -9.201109, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.483728, "energy": 46.415413, "activity_lines": [ 15.543928, 15.559764, 16.247718, 16.766344 ] }, { "date": "2024-08-16", "close": 15.048383, "volume": 33671512, "typical_volume": 50013825.9, "trend": 17.192277, "fair_value": 20.879501, "relative_strength": -9.253703, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.790054, "energy": 50.230293, "activity_lines": [ 15.338941, 15.4392, 16.073161, 16.619944 ] }, { "date": "2024-08-23", "close": 14.349125, "volume": 26346520, "typical_volume": 48729802.3, "trend": 17.073149, "fair_value": 20.746812, "relative_strength": -11.541146, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.723772, "energy": 67.620936, "activity_lines": [ 14.944931, 15.222369, 15.850761, 16.436515 ] }, { "date": "2024-08-30", "close": 14.435335, "volume": 54277534, "typical_volume": 48527519.1, "trend": 16.962857, "fair_value": 20.622514, "relative_strength": -12.586769, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.369847, "energy": 75.226402, "activity_lines": [ 14.707375, 15.057961, 15.655383, 16.266333 ] }, { "date": "2024-09-06", "close": 14.310809, "volume": 29665123, "typical_volume": 47120605.8, "trend": 16.886694, "fair_value": 20.493999, "relative_strength": -10.865978, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.234968, "energy": 78.803599, "activity_lines": [ 14.506218, 14.896862, 15.463633, 16.095233 ] }, { "date": "2024-09-13", "close": 13.257136, "volume": 33510233, "typical_volume": 45502607.9, "trend": 16.733049, "fair_value": 20.360439, "relative_strength": -15.693975, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.043355, "energy": 87.999265, "activity_lines": [ 14.03877, 14.558989, 15.188689, 15.861068 ] }, { "date": "2024-09-20", "close": 13.55408, "volume": 21542424, "typical_volume": 44821194.1, "trend": 16.572045, "fair_value": 20.236327, "relative_strength": -14.58044, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.168615, "energy": 80.676047, "activity_lines": [ 13.796744, 14.301231, 14.962002, 15.655973 ] }, { "date": "2024-09-27", "close": 15.718902, "volume": 67788057, "typical_volume": 45137831.25, "trend": 16.474415, "fair_value": 20.148194, "relative_strength": -15.639888, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.807981, "energy": 45.387134, "activity_lines": [ 14.375946, 14.476263, 14.96422, 15.600932 ] }, { "date": "2024-10-04", "close": 17.155731, "volume": 44015435, "typical_volume": 44926002.3, "trend": 16.439113, "fair_value": 20.083062, "relative_strength": -16.490253, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -8.93699, "energy": 9.673242, "activity_lines": [ 15.342772, 14.922464, 15.118033, 15.644888 ] }, { "date": "2024-10-11", "close": 15.56564, "volume": 138122942, "typical_volume": 49044174.75, "trend": 16.315666, "fair_value": 20.009565, "relative_strength": -20.2896, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.902162, "energy": 22.682654, "activity_lines": [ 15.598208, 15.051343, 15.126797, 15.588535 ] }, { "date": "2024-10-18", "close": 15.56564, "volume": 75702195, "typical_volume": 50462454.6, "trend": 16.219517, "fair_value": 19.942963, "relative_strength": -22.105317, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -8.370407, "energy": 23.443094, "activity_lines": [ 15.769989, 15.18057, 15.14441, 15.540146 ] }, { "date": "2024-10-25", "close": 16.006268, "volume": 102304326, "typical_volume": 53056016.15, "trend": 16.12017, "fair_value": 19.879539, "relative_strength": -21.386228, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.411364, "energy": 21.107988, "activity_lines": [ 15.934746, 15.382423, 15.211314, 15.526388 ] }, { "date": "2024-11-01", "close": 15.72848, "volume": 80946391, "typical_volume": 55012283.7, "trend": 16.034469, "fair_value": 19.815927, "relative_strength": -21.023007, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.083281, "energy": 13.60462, "activity_lines": [ 15.843427, 15.516353, 15.255285, 15.501118 ] }, { "date": "2024-11-08", "close": 16.81089, "volume": 95399311, "typical_volume": 56959393.95, "trend": 16.005244, "fair_value": 19.755421, "relative_strength": -20.355339, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.243431, "energy": 29.587166, "activity_lines": [ 16.112273, 15.822005, 15.405399, 15.551209 ] }, { "date": "2024-11-15", "close": 16.226582, "volume": 81658400, "typical_volume": 58924212.25, "trend": 15.949012, "fair_value": 19.683803, "relative_strength": -19.632253, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 16.232552, "energy": 22.15196, "activity_lines": [ 16.209339, 15.978227, 15.49535, 15.565489 ] }, { "date": "2024-11-22", "close": 15.977531, "volume": 65811370, "typical_volume": 59626565.75, "trend": 15.899853, "fair_value": 19.609881, "relative_strength": -17.966154, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 15.116314, "energy": 17.564294, "activity_lines": [ 16.179325, 16.054336, 15.556335, 15.567329 ] }, { "date": "2024-11-29", "close": 16.14995, "volume": 44938438, "typical_volume": 58739439.85, "trend": 15.82726, "fair_value": 19.538361, "relative_strength": -17.82565, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 24.294158, "energy": 21.188714, "activity_lines": [ 16.179325, 16.112331, 15.627629, 15.583464 ] }, { "date": "2024-12-06", "close": 16.197844, "volume": 41977701, "typical_volume": 58156552.85, "trend": 15.739947, "fair_value": 19.458661, "relative_strength": -18.218613, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 22.360095, "energy": 16.636162, "activity_lines": [ 16.185711, 16.131837, 15.701386, 15.607373 ] }, { "date": "2024-12-13", "close": 16.312792, "volume": 53351737, "typical_volume": 58755526.25, "trend": 15.667135, "fair_value": 19.389069, "relative_strength": -16.316395, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 25.102569, "energy": 16.554069, "activity_lines": [ 16.199122, 16.163535, 15.78641, 15.644331 ] }, { "date": "2024-12-20", "close": 17.069521, "volume": 77614156, "typical_volume": 60261776.45, "trend": 15.655317, "fair_value": 19.326863, "relative_strength": -11.300723, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 63.923417, "energy": 41.122858, "activity_lines": [ 16.497982, 16.348146, 15.940128, 15.734807 ] }, { "date": "2024-12-27", "close": 16.66721, "volume": 67596099, "typical_volume": 61811995.2, "trend": 15.640757, "fair_value": 19.263786, "relative_strength": -12.87401, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.184965, "energy": 47.079142, "activity_lines": [ 16.606543, 16.432266, 16.04846, 15.800091 ] }, { "date": "2025-01-03", "close": 15.4028, "volume": 42833461, "typical_volume": 62270092.65, "trend": 15.595973, "fair_value": 19.194844, "relative_strength": -12.687203, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 30.498803, "energy": 19.877527, "activity_lines": [ 16.247655, 16.266464, 16.029166, 15.784739 ] }, { "date": "2025-01-10", "close": 15.125012, "volume": 44394506, "typical_volume": 63172491.95, "trend": 15.554465, "fair_value": 19.121587, "relative_strength": -12.761422, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 14.595968, "energy": 9.691668, "activity_lines": [ 15.845982, 16.061128, 15.981728, 15.754354 ] }, { "date": "2025-01-17", "close": 15.115435, "volume": 34770285, "typical_volume": 62197129.5, "trend": 15.52956, "fair_value": 19.05151, "relative_strength": -15.397202, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -20.29146, "energy": 24.167264, "activity_lines": [ 15.512638, 15.865023, 15.929682, 15.726029 ] }, { "date": "2025-01-24", "close": 15.086698, "volume": 28126275, "typical_volume": 62120187.1, "trend": 15.528283, "fair_value": 18.980895, "relative_strength": -16.109522, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.837937, "energy": 33.277606, "activity_lines": [ 15.249538, 15.69452, 15.871662, 15.697458 ] }, { "date": "2025-01-31", "close": 15.144171, "volume": 5826024, "typical_volume": 60735976.65, "trend": 15.54329, "fair_value": 18.906228, "relative_strength": -14.15234, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.749196, "energy": 47.49378, "activity_lines": [ 15.137785, 15.555191, 15.815421, 15.672676 ] }, { "date": "2025-02-07", "close": 15.603956, "volume": 34374141, "typical_volume": 61377562.5, "trend": 15.539777, "fair_value": 18.832741, "relative_strength": -14.504667, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.675904, "energy": 40.449845, "activity_lines": [ 15.280829, 15.514611, 15.793982, 15.67659 ] }, { "date": "2025-02-14", "close": 15.833849, "volume": 57337039, "typical_volume": 60855011.6, "trend": 15.525409, "fair_value": 18.753595, "relative_strength": -14.116175, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -9.988984, "energy": 13.885278, "activity_lines": [ 15.487094, 15.525758, 15.784677, 15.695563 ] }, { "date": "2025-02-21", "close": 15.690165, "volume": 47363969, "typical_volume": 61022438.3, "trend": 15.528283, "fair_value": 18.698577, "relative_strength": -16.205279, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 3.175122, "energy": 5.412805, "activity_lines": [ 15.598209, 15.517398, 15.76114, 15.706192 ] }, { "date": "2025-02-28", "close": 15.125012, "volume": 51205031, "typical_volume": 56676542.75, "trend": 15.512957, "fair_value": 18.646892, "relative_strength": -15.806043, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -9.033851, "energy": 8.127046, "activity_lines": [ 15.482623, 15.417603, 15.690758, 15.680175 ] }, { "date": "2025-03-07", "close": 15.211223, "volume": 36879796, "typical_volume": 54735422.8, "trend": 15.514872, "fair_value": 18.593695, "relative_strength": -16.628859, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -15.842209, "energy": 12.366803, "activity_lines": [ 15.393221, 15.368838, 15.630685, 15.660708 ] }, { "date": "2025-03-14", "close": 15.431537, "volume": 37266263, "typical_volume": 51483519.65, "trend": 15.527644, "fair_value": 18.538788, "relative_strength": -15.882296, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -20.058455, "energy": 17.652661, "activity_lines": [ 15.372786, 15.386603, 15.593282, 15.655331 ] }, { "date": "2025-03-21", "close": 15.268695, "volume": 44947311, "typical_volume": 49683565.65, "trend": 15.558296, "fair_value": 18.486255, "relative_strength": -14.010761, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -25.117547, "energy": 31.13769, "activity_lines": [ 15.309565, 15.374237, 15.543107, 15.638625 ] }, { "date": "2025-03-28", "close": 15.354906, "volume": 35366009, "typical_volume": 46681900.55, "trend": 15.588949, "fair_value": 18.436043, "relative_strength": -12.29045, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -22.559157, "energy": 24.26431, "activity_lines": [ 15.312759, 15.374934, 15.503332, 15.625503 ] }, { "date": "2025-04-04", "close": 15.56564, "volume": 58273177, "typical_volume": 45512639.4, "trend": 15.630777, "fair_value": 18.395668, "relative_strength": -8.571623, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.91443, "energy": 21.61415, "activity_lines": [ 15.408547, 15.409592, 15.49056, 15.623999 ] }, { "date": "2025-04-11", "close": 15.853004, "volume": 215958171, "typical_volume": 53019979.45, "trend": 15.717305, "fair_value": 18.362499, "relative_strength": -1.501859, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.277816, "energy": 11.890522, "activity_lines": [ 15.570748, 15.48779, 15.508304, 15.638337 ] }, { "date": "2025-04-18", "close": 15.431537, "volume": 61819438, "typical_volume": 53864029.45, "trend": 15.779887, "fair_value": 18.329693, "relative_strength": -3.201728, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.820034, "energy": 16.17863, "activity_lines": [ 15.549675, 15.47647, 15.486501, 15.6199 ] }, { "date": "2025-04-25", "close": 15.575219, "volume": 58499515, "typical_volume": 54690120.15, "trend": 15.775098, "fair_value": 18.310421, "relative_strength": -3.322408, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.458893, "energy": 12.515849, "activity_lines": [ 15.576496, 15.494408, 15.481802, 15.606695 ] }, { "date": "2025-05-02", "close": 15.690165, "volume": 30549068, "typical_volume": 53549986.7, "trend": 15.726246, "fair_value": 18.296365, "relative_strength": -2.060427, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.926731, "energy": 9.766513, "activity_lines": [ 15.621197, 15.537948, 15.491016, 15.601216 ] }, { "date": "2025-05-09", "close": 15.709323, "volume": 37659571, "typical_volume": 51552257.45, "trend": 15.731035, "fair_value": 18.287736, "relative_strength": -3.701345, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.970519, "energy": 7.474241, "activity_lines": [ 15.649934, 15.584972, 15.50502, 15.600124 ] }, { "date": "2025-05-16", "close": 15.56564, "volume": 43146894, "typical_volume": 50329797.2, "trend": 15.731035, "fair_value": 18.287617, "relative_strength": -4.648784, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.312066, "energy": 8.489255, "activity_lines": [ 15.621197, 15.595247, 15.511816, 15.589453 ] }, { "date": "2025-05-23", "close": 15.201643, "volume": 45079070, "typical_volume": 50442077.65, "trend": 15.704214, "fair_value": 18.286696, "relative_strength": -6.052234, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.556526, "energy": 16.093099, "activity_lines": [ 15.490286, 15.532898, 15.489192, 15.555299 ] }, { "date": "2025-05-30", "close": 15.431537, "volume": 33048958, "typical_volume": 49874800.25, "trend": 15.694316, "fair_value": 18.286954, "relative_strength": -3.422922, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.479523, "energy": 15.49076, "activity_lines": [ 15.451333, 15.516527, 15.48942, 15.537707 ] }, { "date": "2025-06-06", "close": 15.47943, "volume": 43691017, "typical_volume": 50320836.85, "trend": 15.649934, "fair_value": 18.28634, "relative_strength": -4.149134, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.58978, "energy": 17.097785, "activity_lines": [ 15.437922, 15.505903, 15.49275, 15.523843 ] }, { "date": "2025-06-13", "close": 15.441115, "volume": 135048576, "typical_volume": 55666951.9, "trend": 15.623752, "fair_value": 18.283713, "relative_strength": -3.519312, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.067654, "energy": 20.612089, "activity_lines": [ 15.425789, 15.486048, 15.490697, 15.510371 ] }, { "date": "2025-06-20", "close": 15.046185, "volume": 82673125, "typical_volume": 59509306.95, "trend": 15.592707, "fair_value": 18.269655, "relative_strength": -4.601318, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.586074, "energy": 34.296157, "activity_lines": [ 15.299893, 15.396653, 15.449344, 15.473109 ] }, { "date": "2025-06-27", "close": 15.2014, "volume": 50437311, "typical_volume": 60312465.45, "trend": 15.561089, "fair_value": 18.258124, "relative_strength": -6.807894, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.369218, "energy": 32.766031, "activity_lines": [ 15.260365, 15.350147, 15.423241, 15.447863 ] }, { "date": "2025-07-04", "close": 15.366316, "volume": 53023192, "typical_volume": 60096773.1, "trend": 15.533371, "fair_value": 18.243053, "relative_strength": -6.704313, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.65058, "energy": 30.238644, "activity_lines": [ 15.275826, 15.337811, 15.41476, 15.435297 ] }, { "date": "2025-07-11", "close": 15.463325, "volume": 63542446, "typical_volume": 60905696.95, "trend": 15.505056, "fair_value": 18.215032, "relative_strength": -7.386348, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.655601, "energy": 25.101653, "activity_lines": [ 15.327972, 15.346911, 15.417745, 15.430778 ] }, { "date": "2025-07-18", "close": 15.764055, "volume": 65166862, "typical_volume": 61603788.5, "trend": 15.46154, "fair_value": 18.186261, "relative_strength": -7.03083, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.984693, "energy": 9.349395, "activity_lines": [ 15.481434, 15.414814, 15.450451, 15.447488 ] }, { "date": "2025-07-25", "close": 16.297607, "volume": 104438146, "typical_volume": 64981706.0, "trend": 15.44922, "fair_value": 18.152933, "relative_strength": -5.657362, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 69.857168, "energy": 53.514128, "activity_lines": [ 15.791217, 15.57873, 15.530928, 15.501428 ] }, { "date": "2025-08-01", "close": 16.142391, "volume": 87363872, "typical_volume": 67486586.45, "trend": 15.473873, "fair_value": 18.120932, "relative_strength": -4.633632, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.138066, "energy": 64.385229, "activity_lines": [ 15.965834, 15.701118, 15.59145, 15.546148 ] }, { "date": "2025-08-08", "close": 16.113291, "volume": 94112509, "typical_volume": 69944846.35, "trend": 15.506816, "fair_value": 18.097376, "relative_strength": -5.558868, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.824799, "energy": 66.768009, "activity_lines": [ 16.068018, 15.801109, 15.645815, 15.587401 ] }, { "date": "2025-08-15", "close": 16.278206, "volume": 106738303, "typical_volume": 73513461.05, "trend": 15.545575, "fair_value": 18.079281, "relative_strength": -8.277847, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.879628, "energy": 68.79432, "activity_lines": [ 16.175376, 15.91869, 15.711864, 15.637168 ] }, { "date": "2025-08-22", "close": 16.462523, "volume": 103828666, "typical_volume": 75791235.5, "trend": 15.591436, "fair_value": 18.065761, "relative_strength": -10.840586, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.347798, "energy": 66.836668, "activity_lines": [ 16.289847, 16.05526, 15.791071, 15.696326 ] }, { "date": "2025-08-29", "close": 16.588636, "volume": 205741284, "typical_volume": 75280391.15, "trend": 15.639584, "fair_value": 18.051383, "relative_strength": -13.445292, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.44211, "energy": 56.603007, "activity_lines": [ 16.399791, 16.196188, 15.878018, 15.760662 ] }, { "date": "2025-09-05", "close": 16.32671, "volume": 120242944, "typical_volume": 78201566.45, "trend": 15.663676, "fair_value": 18.033718, "relative_strength": -13.587453, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.144546, "energy": 42.072278, "activity_lines": [ 16.403024, 16.261449, 15.936516, 15.804992 ] }, { "date": "2025-09-12", "close": 16.278206, "volume": 87532491, "typical_volume": 79653215.25, "trend": 15.678488, "fair_value": 18.021219, "relative_strength": -15.634262, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.674032, "energy": 38.903448, "activity_lines": [ 16.377802, 16.297431, 15.986132, 15.844639 ] }, { "date": "2025-09-19", "close": 15.734951, "volume": 103079623, "typical_volume": 83279743.0, "trend": 15.679981, "fair_value": 18.003987, "relative_strength": -18.869209, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.599557, "energy": 21.665046, "activity_lines": [ 16.1605, 16.218059, 15.980663, 15.848282 ] }, { "date": "2025-09-26", "close": 15.570035, "volume": 58691191, "typical_volume": 84331324.0, "trend": 15.694815, "fair_value": 17.984449, "relative_strength": -20.068797, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 17.928004, "energy": 14.708998, "activity_lines": [ 15.924444, 16.103764, 15.959273, 15.841189 ] }, { "date": "2025-10-03", "close": 15.443924, "volume": 30575717, "typical_volume": 83702765.15, "trend": 15.702572, "fair_value": 17.96559, "relative_strength": -22.081896, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.138719, "energy": 17.630766, "activity_lines": [ 15.705849, 15.970068, 15.926536, 15.825002 ] }, { "date": "2025-10-10", "close": 15.802859, "volume": 32985173, "typical_volume": 83098070.3, "trend": 15.714949, "fair_value": 17.958674, "relative_strength": -18.862107, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.236757, "energy": 20.148349, "activity_lines": [ 15.683214, 15.917154, 15.928563, 15.831472 ] }, { "date": "2025-10-17", "close": 15.851364, "volume": 77983903, "typical_volume": 85344817.55, "trend": 15.734371, "fair_value": 17.952784, "relative_strength": -14.050847, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.018912, "energy": 16.249864, "activity_lines": [ 15.71167, 15.879232, 15.932347, 15.840273 ] }, { "date": "2025-10-24", "close": 16.219999, "volume": 105189780, "typical_volume": 88419755.7, "trend": 15.763208, "fair_value": 17.948662, "relative_strength": -15.704709, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.986601, "energy": 11.559831, "activity_lines": [ 15.891461, 15.913097, 15.96924, 15.871604 ] }, { "date": "2025-10-31", "close": 16.120001, "volume": 83670047, "typical_volume": 85850829.25, "trend": 15.781687, "fair_value": 17.935506, "relative_strength": -16.449698, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.141975, "energy": 18.057601, "activity_lines": [ 16.005582, 15.929839, 15.993082, 15.894623 ] }, { "date": "2025-11-07", "close": 16.459999, "volume": 90590248, "typical_volume": 86246685.4, "trend": 15.80192, "fair_value": 17.922684, "relative_strength": -14.535032, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.162175, "energy": 30.540217, "activity_lines": [ 16.196372, 16.014626, 16.046073, 15.938385 ] }, { "date": "2025-11-14", "close": 16.83, "volume": 113484648, "typical_volume": 89399052.25, "trend": 15.848535, "fair_value": 17.913305, "relative_strength": -11.089602, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 69.52881, "energy": 59.461268, "activity_lines": [ 16.442757, 16.169025, 16.127569, 16.004713 ] }, { "date": "2025-11-21", "close": 15.49, "volume": 104849248, "typical_volume": 91990355.05, "trend": 15.845695, "fair_value": 17.903194, "relative_strength": -13.400629, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.14996, "energy": 22.388287, "activity_lines": [ 16.174, 16.070637, 16.073691, 15.981582 ] }, { "date": "2025-11-28", "close": 15.57, "volume": 78499085, "typical_volume": 92738187.0, "trend": 15.841689, "fair_value": 17.894072, "relative_strength": -15.576186, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.91192, "energy": 4.960451, "activity_lines": [ 15.956, 16.001126, 16.026843, 15.963795 ] }, { "date": "2025-12-05", "close": 15.46, "volume": 54117334, "typical_volume": 92185710.6, "trend": 15.833378, "fair_value": 17.865316, "relative_strength": -16.849691, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.933426, "energy": 17.977499, "activity_lines": [ 15.744667, 15.914613, 15.969011, 15.93917 ] }, { "date": "2025-12-12", "close": 15.28, "volume": 53127866, "typical_volume": 89620196.6, "trend": 15.823857, "fair_value": 17.842192, "relative_strength": -18.091307, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -36.543756, "energy": 36.045001, "activity_lines": [ 15.517333, 15.797374, 15.895483, 15.903468 ] }, { "date": "2025-12-19", "close": 15.38, "volume": 36457208, "typical_volume": 87074863.4, "trend": 15.829802, "fair_value": 17.818518, "relative_strength": -16.31911, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.959282, "energy": 52.503347, "activity_lines": [ 15.402, 15.701297, 15.836326, 15.874832 ] }, { "date": "2025-12-26", "close": 15.32, "volume": 34164522, "typical_volume": 84077464.05, "trend": 15.826084, "fair_value": 17.793448, "relative_strength": -18.999545, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.021817, "energy": 55.509857, "activity_lines": [ 15.363333, 15.602, 15.775084, 15.841942 ] }, { "date": "2026-01-02", "close": 15.13, "volume": 20330321, "typical_volume": 79757064.95, "trend": 15.814437, "fair_value": 17.755255, "relative_strength": -19.047604, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -68.096585, "energy": 65.58418, "activity_lines": [ 15.272667, 15.477818, 15.699525, 15.797033 ] }, { "date": "2026-01-09", "close": 15.65, "volume": 63651777, "typical_volume": 77748220.5, "trend": 15.821399, "fair_value": 17.7323, "relative_strength": -19.305345, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.343332, "energy": 39.49537, "activity_lines": [ 15.384667, 15.468, 15.678958, 15.786424 ] }, { "date": "2026-01-16", "close": 15.27, "volume": 99776485, "typical_volume": 72449980.55, "trend": 15.82886, "fair_value": 17.69548, "relative_strength": -21.693331, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.493261, "energy": 36.065467, "activity_lines": [ 15.357333, 15.397636, 15.626069, 15.75085 ] }, { "date": "2026-01-23", "close": 15.61, "volume": 59996691, "typical_volume": 69437667.9, "trend": 15.84248, "fair_value": 17.661852, "relative_strength": -20.397597, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.466574, "energy": 25.658535, "activity_lines": [ 15.444, 15.410727, 15.61184, 15.73673 ] }, { "date": "2026-01-30", "close": 15.63, "volume": 225014348, "typical_volume": 76311760.75, "trend": 15.851269, "fair_value": 17.624722, "relative_strength": -18.53306, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.854909, "energy": 17.270701, "activity_lines": [ 15.522, 15.449636, 15.602929, 15.723022 ] }, { "date": "2026-02-06", "close": 15.48, "volume": 71745499, "typical_volume": 74745054.55, "trend": 15.851825, "fair_value": 17.585855, "relative_strength": -17.151825, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.342803, "energy": 16.249739, "activity_lines": [ 15.529333, 15.458727, 15.582819, 15.699069 ] }, { "date": "2026-02-13", "close": 15.31, "volume": 46528377, "typical_volume": 74136913.85, "trend": 15.83669, "fair_value": 17.550423, "relative_strength": -18.735524, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.992197, "energy": 17.791775, "activity_lines": [ 15.456667, 15.438545, 15.547732, 15.664112 ] }, { "date": "2026-02-27", "close": 15.47, "volume": 36619621, "typical_volume": 74439109.05, "trend": 15.809103, "fair_value": 17.51691, "relative_strength": -19.707024, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.305998, "energy": 17.801625, "activity_lines": [ 15.46, 15.450182, 15.529122, 15.640455 ] }, { "date": "2026-03-06", "close": 15.28, "volume": 60826361, "typical_volume": 75831168.45, "trend": 15.780357, "fair_value": 17.486464, "relative_strength": -18.479207, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.047824, "energy": 28.254571, "activity_lines": [ 15.386667, 15.423818, 15.492292, 15.606319 ] }, { "date": "2026-03-13", "close": 15.26, "volume": 42223231, "typical_volume": 74043134.85, "trend": 15.751914, "fair_value": 17.452616, "relative_strength": -18.807914, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.062337, "energy": 36.213118, "activity_lines": [ 15.328667, 15.395636, 15.456048, 15.572748 ] }, { "date": "2026-03-20", "close": 14.81, "volume": 50990124, "typical_volume": 71333152.05, "trend": 15.702974, "fair_value": 17.415944, "relative_strength": -18.443945, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.220223, "energy": 56.538627, "activity_lines": [ 15.145333, 15.286727, 15.379762, 15.511979 ] }, { "date": "2026-03-27", "close": 14.54, "volume": 46755107, "typical_volume": 69487405.05, "trend": 15.638889, "fair_value": 17.375754, "relative_strength": -18.871828, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.649463, "energy": 70.112627, "activity_lines": [ 14.916667, 15.134545, 15.284476, 15.436949 ] }, { "date": "2026-04-03", "close": 14.61, "volume": 51378514, "typical_volume": 67526818.35, "trend": 15.572935, "fair_value": 17.34018, "relative_strength": -15.552992, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.692196, "energy": 70.230993, "activity_lines": [ 14.762667, 15.015273, 15.203381, 15.370569 ] }, { "date": "2026-04-10", "close": 14.91, "volume": 35677665, "typical_volume": 63636469.2, "trend": 15.525711, "fair_value": 17.304148, "relative_strength": -19.027603, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.059632, "energy": 63.86067, "activity_lines": [ 14.766, 14.962545, 15.159667, 15.327799 ] }, { "date": "2026-04-17", "close": 14.479642, "volume": 49911076, "typical_volume": 60889560.6, "trend": 15.465759, "fair_value": 17.267025, "relative_strength": -23.678222, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.531389, "energy": 62.215864, "activity_lines": [ 14.650547, 14.844299, 15.084109, 15.26031 ] }, { "date": "2026-04-24", "close": 14.065662, "volume": 31690692, "typical_volume": 58549140.95, "trend": 15.410116, "fair_value": 17.216056, "relative_strength": -25.416748, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.975229, "energy": 66.7723, "activity_lines": [ 14.449125, 14.671698, 14.973935, 15.169981 ] }, { "date": "2026-05-01", "close": 13.882742, "volume": 30119829, "typical_volume": 57349265.7, "trend": 15.353873, "fair_value": 17.158856, "relative_strength": -26.471689, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.66488, "energy": 73.619121, "activity_lines": [ 14.236352, 14.491555, 14.853505, 15.071441 ] }, { "date": "2026-05-08", "close": 13.998271, "volume": 29306109, "typical_volume": 56158177.85, "trend": 15.305685, "fair_value": 17.10817, "relative_strength": -27.266019, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.189895, "energy": 83.590932, "activity_lines": [ 14.105906, 14.358367, 14.751587, 14.983983 ] }, { "date": "2026-05-15", "close": 13.661311, "volume": 83486940, "typical_volume": 58509664.45, "trend": 15.2343, "fair_value": 17.05717, "relative_strength": -28.254449, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.333138, "energy": 86.837833, "activity_lines": [ 13.903922, 14.190672, 14.623682, 14.877894 ] }, { "date": "2026-05-22", "close": 13.343606, "volume": 42633642, "typical_volume": 58933120.45, "trend": 15.150708, "fair_value": 17.008537, "relative_strength": -29.33631, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.531826, "energy": 90.391197, "activity_lines": [ 13.679282, 13.994644, 14.473704, 14.755914 ] }, { "date": "2026-05-29", "close": 13.228077, "volume": 51886980, "typical_volume": 60510953.4, "trend": 15.050977, "fair_value": 16.962855, "relative_strength": -29.115417, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.105226, "energy": 87.966562, "activity_lines": [ 13.491868, 13.812453, 14.322134, 14.631873 ] }, { "date": "2026-06-05", "close": 12.948882, "volume": 5878492, "typical_volume": 57622289.15, "trend": 14.945273, "fair_value": 16.913537, "relative_strength": -28.639672, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.054877, "energy": 88.258527, "activity_lines": [ 13.267229, 13.608263, 14.15303, 14.496254 ] }, { "date": "2026-06-12", "close": 12.92, "volume": 14210955, "typical_volume": 53344012.65, "trend": 14.827273, "fair_value": 16.862844, "relative_strength": -26.342339, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.167869, "energy": 86.211316, "activity_lines": [ 13.095219, 13.42775, 13.994039, 14.365592 ] }, { "date": "2026-06-19", "close": 12.84, "volume": 35210384, "typical_volume": 52104697.3, "trend": 14.694273, "fair_value": 16.8139, "relative_strength": -30.850118, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.060286, "energy": 82.387877, "activity_lines": [ 12.968427, 13.263419, 13.838619, 14.23738 ] }, { "date": "2026-06-26", "close": 12.12, "volume": 12598724, "typical_volume": 41483916.1, "trend": 14.58194, "fair_value": 16.761829, "relative_strength": -32.87994, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.221424, "energy": 92.433377, "activity_lines": [ 12.656389, 13.005816, 13.627818, 14.071298 ] }, { "date": "2026-07-03", "close": 12.88, "volume": 13159199, "typical_volume": 38554601.1, "trend": 14.492273, "fair_value": 16.710072, "relative_strength": -27.042913, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.062857, "energy": 65.711483, "activity_lines": [ 12.679259, 12.929297, 13.506112, 13.961496 ] }, { "date": "2026-07-10", "close": 12.8, "volume": 55255390, "typical_volume": 38990951.75, "trend": 14.403606, "fair_value": 16.659915, "relative_strength": -24.052652, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.680279, "energy": 61.849264, "activity_lines": [ 12.698667, 12.85979, 13.389169, 13.852317 ] }, { "date": "2026-07-17", "close": 13.18, "volume": 90948002, "typical_volume": 41707370.8, "trend": 14.333606, "fair_value": 16.609176, "relative_strength": -13.434508, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.824265, "energy": 52.396271, "activity_lines": [ 12.854667, 12.87906, 13.320368, 13.773375 ] }, { "date": "2026-07-24", "close": 12.75, "volume": 73875182, "typical_volume": 42359811.85, "trend": 14.24594, "fair_value": 16.558638, "relative_strength": -15.915675, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.258457, "energy": 40.07161, "activity_lines": [ 12.85, 12.835026, 13.221519, 13.671206 ] }, { "date": "2026-07-31", "close": 13.44, "volume": 69061883, "typical_volume": 43701744.45, "trend": 14.183273, "fair_value": 16.514212, "relative_strength": -9.343895, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.376085, "energy": 26.339015, "activity_lines": [ 13.081333, 12.933015, 13.200433, 13.61921 ] }, { "date": "2026-08-07", "close": 13.43, "volume": 59367745, "typical_volume": 44120625.5, "trend": 14.126606, "fair_value": 16.465196, "relative_strength": -13.2351, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.520707, "energy": 21.064792, "activity_lines": [ 13.221333, 13.027434, 13.18706, 13.570612 ] } ], "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." } } }