{ "ticker": { "uuid": "7e54c05c-063a-4162-83f0-b45efa4664ad", "symbol": "601888", "name": "China Tourism Group Duty Free Corporation Limited", "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": -46.37, "architecture_energy": 40.373, "architecture_maturity": 99.638, "architecture_confidence": 86.825, "architecture_tenure": "Established", "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": 24.76, "rotation_up": 27.8, "upward_expansion": 19.17, "deceleration": 47.0, "rotation_down": 36.42, "downward_expansion": 66.83 }, "activity_lines": [ 55.253594, 54.582542, 56.666718, 60.922112 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 55.82, "trend_reference": 68.320904, "distance_from_trend": -0.182973, "trend_direction": "Weakening", "fair_value": 72.371777, "distance_from_fair_value": -0.228705, "fair_value_direction": "Weakening", "relative_strength": -21.210506, "relative_strength_direction": "Weakening", "price_momentum": -0.375406, "excess_performance": -0.332202, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.182973, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.120887, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.228705, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.033677, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.212105, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.00233, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.375406, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.999611, "read": "Supply-led" } ], "volume": { "latest": 173490317, "relative_activity": 1.319061, "balance": 0.999611, "dry_up": 1.555009, "accumulation_observations": 4, "distribution_observations": 5 }, "risk": { "range_context": 0.071489, "annualized_volatility": 0.323541, "from_high_reference": -0.440737, "from_low_reference": 0.119638 }, "levels": { "trend_reference": 68.320904, "fair_value_reference": 72.371777, "structural_low": 49.855392, "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": 34, "median_return": -0.022941, "positive_rate": 0.441176, "directional_follow_through": 0.558824, "median_excess_return": -0.028926, "regime_survival": 0.852941, "best_return": 0.306163, "worst_return": -0.202846, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 12, "median_return": -0.109674, "positive_rate": 0.166667, "directional_follow_through": 0.833333, "median_excess_return": -0.042432, "regime_survival": 0.75, "best_return": 0.221425, "worst_return": -0.256205, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.084468, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.152077, "regime_survival": 0.5, "best_return": 0.152647, "worst_return": -0.40829, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.213935, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.191983, "regime_survival": 0.333333, "best_return": -0.13256, "worst_return": -0.536855, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-02-24", "end": "2023-03-10", "tenure": "New", "return": -0.079895, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-03-17", "end": "2023-04-21", "tenure": "Developing", "return": -0.097841, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-04-28", "end": "2024-03-08", "tenure": "Extended", "return": -0.490934, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-03-15", "end": "2024-04-19", "tenure": "Developing", "return": -0.190263, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-04-26", "end": "2024-09-27", "tenure": "Established", "return": -0.032392, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-04", "end": "2024-11-15", "tenure": "Developing", "return": -0.083938, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-22", "end": "2025-01-10", "tenure": "Developing", "return": -0.110089, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-17", "end": "2025-02-21", "tenure": "Developing", "return": 0.000492, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-28", "end": "2025-04-11", "tenure": "Developing", "return": 0.110839, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-18", "end": "2025-07-18", "tenure": "Established", "return": -0.015371, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-25", "end": "2026-02-27", "tenure": "Extended", "return": 0.187869, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-06", "end": "2026-03-20", "tenure": "New", "return": -0.057687, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-27", "end": "2026-04-24", "tenure": "Developing", "return": -0.086951, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-01", "end": "2026-08-07", "tenure": "Established", "return": -0.149345, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 120.529243, "volume": 125710556, "typical_volume": 79150196.8, "trend": 157.058989, "fair_value": 206.492453, "relative_strength": -30.364667, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.060228, "energy": 61.524593, "activity_lines": [ 112.323979, 112.705432, 123.089424, 136.916556 ] }, { "date": "2023-08-04", "close": 120.423988, "volume": 121666927, "typical_volume": 82296262.05, "trend": 154.231853, "fair_value": 206.131103, "relative_strength": -30.027345, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.640177, "energy": 47.764789, "activity_lines": [ 115.816609, 113.850757, 121.580741, 134.553007 ] }, { "date": "2023-08-11", "close": 115.295486, "volume": 61947100, "typical_volume": 82949605.3, "trend": 150.960155, "fair_value": 205.637827, "relative_strength": -30.287116, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.205457, "energy": 41.755321, "activity_lines": [ 116.572031, 114.131751, 119.848483, 132.040984 ] }, { "date": "2023-08-18", "close": 109.162346, "volume": 78618935, "typical_volume": 84258300.2, "trend": 147.36273, "fair_value": 204.873516, "relative_strength": -32.191905, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.208496, "energy": 42.862658, "activity_lines": [ 114.542164, 113.322709, 117.826005, 129.344351 ] }, { "date": "2023-08-25", "close": 102.856979, "volume": 76500167, "typical_volume": 84521768.65, "trend": 143.49179, "fair_value": 204.202058, "relative_strength": -34.122421, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.589279, "energy": 57.838476, "activity_lines": [ 110.54653, 111.400014, 115.512177, 126.473012 ] }, { "date": "2023-09-01", "close": 104.627075, "volume": 65970408, "typical_volume": 85063305.25, "trend": 140.298647, "fair_value": 203.624067, "relative_strength": -33.934018, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.945875, "energy": 60.722648, "activity_lines": [ 107.537686, 110.177352, 113.699691, 123.965611 ] }, { "date": "2023-09-08", "close": 103.718109, "volume": 65766202, "typical_volume": 84588789.5, "trend": 137.282316, "fair_value": 203.087666, "relative_strength": -33.57411, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.119128, "energy": 61.068126, "activity_lines": [ 105.285997, 108.997074, 112.093122, 121.605576 ] }, { "date": "2023-09-15", "close": 101.479172, "volume": 60629032, "typical_volume": 83874113.05, "trend": 134.314227, "fair_value": 202.41087, "relative_strength": -34.495969, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.279447, "energy": 70.131053, "activity_lines": [ 103.401722, 107.433176, 110.535705, 119.295696 ] }, { "date": "2023-09-22", "close": 104.579239, "volume": 79378322, "typical_volume": 85634761.15, "trend": 131.545427, "fair_value": 201.756959, "relative_strength": -32.227465, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.123598, "energy": 56.776019, "activity_lines": [ 103.471889, 106.482067, 109.518575, 117.37731 ] }, { "date": "2023-09-29", "close": 101.393059, "volume": 51552592, "typical_volume": 84087847.0, "trend": 128.71634, "fair_value": 201.158478, "relative_strength": -33.184525, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.439699, "energy": 57.519777, "activity_lines": [ 102.785537, 105.072078, 108.391635, 115.431996 ] }, { "date": "2023-10-13", "close": 92.982704, "volume": 102839674, "typical_volume": 85262716.2, "trend": 126.060713, "fair_value": 200.453126, "relative_strength": -37.620712, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.533854, "energy": 64.335055, "activity_lines": [ 99.393328, 102.267757, 106.61289, 113.1266 ] }, { "date": "2023-10-20", "close": 88.370888, "volume": 71709805, "typical_volume": 85449285.75, "trend": 123.138303, "fair_value": 199.69893, "relative_strength": -37.818176, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.68425, "energy": 77.8072, "activity_lines": [ 95.240139, 99.12577, 104.563617, 110.694998 ] }, { "date": "2023-10-27", "close": 89.844368, "volume": 91459264, "typical_volume": 85611786.75, "trend": 120.232707, "fair_value": 198.931646, "relative_strength": -36.805152, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.581338, "energy": 82.335703, "activity_lines": [ 92.601257, 96.834472, 102.825151, 108.547002 ] }, { "date": "2023-11-03", "close": 90.49501, "volume": 61369415, "typical_volume": 84664950.45, "trend": 117.446337, "fair_value": 198.282044, "relative_strength": -35.966601, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.249058, "energy": 85.732762, "activity_lines": [ 90.95491, 95.124221, 101.276415, 106.628441 ] }, { "date": "2023-11-10", "close": 90.322784, "volume": 57597183, "typical_volume": 80776646.9, "trend": 114.699195, "fair_value": 197.635375, "relative_strength": -35.600708, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.399875, "energy": 83.733279, "activity_lines": [ 90.190103, 93.722061, 99.808754, 104.878535 ] }, { "date": "2023-11-17", "close": 89.538193, "volume": 54182265, "typical_volume": 81094792.8, "trend": 112.148844, "fair_value": 197.046155, "relative_strength": -35.632825, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.927871, "energy": 67.074581, "activity_lines": [ 89.901784, 92.405144, 98.425107, 103.255244 ] }, { "date": "2023-11-24", "close": 88.026436, "volume": 55523343, "typical_volume": 78600548.95, "trend": 109.789095, "fair_value": 196.409046, "relative_strength": -35.588653, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.958149, "energy": 62.941316, "activity_lines": [ 89.339179, 91.087704, 97.023721, 101.69896 ] }, { "date": "2023-12-01", "close": 84.103516, "volume": 52121405, "typical_volume": 76767997.05, "trend": 107.494609, "fair_value": 195.765347, "relative_strength": -37.445623, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.823789, "energy": 68.392233, "activity_lines": [ 87.491899, 89.34231, 95.329589, 100.041826 ] }, { "date": "2023-12-08", "close": 78.745392, "volume": 57975845, "typical_volume": 72815191.0, "trend": 105.27803, "fair_value": 195.110316, "relative_strength": -39.466147, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.002145, "energy": 77.945976, "activity_lines": [ 84.2413, 86.938632, 93.220771, 98.187038 ] }, { "date": "2023-12-15", "close": 74.812897, "volume": 77479386, "typical_volume": 73499891.3, "trend": 103.347754, "fair_value": 194.475265, "relative_strength": -41.066318, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.671643, "energy": 93.191828, "activity_lines": [ 80.463178, 84.289661, 90.891988, 96.221545 ] }, { "date": "2023-12-22", "close": 75.683601, "volume": 94269252, "typical_volume": 71927826.1, "trend": 101.590275, "fair_value": 193.79639, "relative_strength": -38.797185, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.882632, "energy": 91.805365, "activity_lines": [ 78.009282, 82.282276, 88.808013, 94.436761 ] }, { "date": "2023-12-29", "close": 80.075356, "volume": 111552852, "typical_volume": 71422122.35, "trend": 100.120428, "fair_value": 193.126207, "relative_strength": -35.396399, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.930852, "energy": 84.848789, "activity_lines": [ 77.942945, 81.387921, 87.35585, 93.048702 ] }, { "date": "2024-01-05", "close": 73.693428, "volume": 67916317, "typical_volume": 71720583.2, "trend": 98.687711, "fair_value": 192.357454, "relative_strength": -38.35024, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.490117, "energy": 79.745935, "activity_lines": [ 76.27937, 79.484044, 85.488021, 91.343734 ] }, { "date": "2024-01-12", "close": 77.31974, "volume": 154299402, "typical_volume": 75504606.55, "trend": 97.566197, "fair_value": 191.544167, "relative_strength": -33.00674, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.255234, "energy": 64.132469, "activity_lines": [ 76.518572, 78.533149, 84.163661, 89.965155 ] }, { "date": "2024-01-19", "close": 80.381531, "volume": 146655897, "typical_volume": 79012393.05, "trend": 96.123656, "fair_value": 190.498963, "relative_strength": -27.771588, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.477449, "energy": 55.956271, "activity_lines": [ 77.873414, 78.378494, 83.282531, 88.856467 ] }, { "date": "2024-01-26", "close": 81.921997, "volume": 161388537, "typical_volume": 83783299.5, "trend": 94.986126, "fair_value": 189.322348, "relative_strength": -26.936103, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.482101, "energy": 44.522701, "activity_lines": [ 79.370503, 78.684673, 82.655137, 87.940231 ] }, { "date": "2024-02-02", "close": 75.128647, "volume": 142768547, "typical_volume": 87633416.75, "trend": 93.990135, "fair_value": 188.050673, "relative_strength": -27.13686, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.105464, "energy": 41.236503, "activity_lines": [ 78.187248, 77.894175, 81.488878, 86.659103 ] }, { "date": "2024-02-09", "close": 80.802521, "volume": 108071546, "typical_volume": 90005542.45, "trend": 93.210824, "fair_value": 186.881583, "relative_strength": -24.061539, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.032467, "energy": 29.578432, "activity_lines": [ 79.225066, 78.369795, 80.999128, 85.808289 ] }, { "date": "2024-02-23", "close": 83.79734, "volume": 134375012, "typical_volume": 92755376.95, "trend": 92.297313, "fair_value": 185.713676, "relative_strength": -23.636592, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.384358, "energy": 22.301607, "activity_lines": [ 80.787217, 79.449946, 80.893059, 85.200968 ] }, { "date": "2024-03-01", "close": 82.907516, "volume": 121068034, "typical_volume": 96231149.05, "trend": 91.433952, "fair_value": 184.47379, "relative_strength": -23.726592, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.501487, "energy": 18.762933, "activity_lines": [ 81.62092, 80.276457, 80.801206, 84.595175 ] }, { "date": "2024-03-08", "close": 77.855553, "volume": 93920528, "typical_volume": 95785191.75, "trend": 90.011496, "fair_value": 182.882497, "relative_strength": -27.584976, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.331207, "energy": 19.700021, "activity_lines": [ 80.602236, 80.037254, 80.31624, 83.719149 ] }, { "date": "2024-03-15", "close": 85.490891, "volume": 142371057, "typical_volume": 99318254.35, "trend": 88.847059, "fair_value": 181.093667, "relative_strength": -19.480214, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.464443, "energy": 10.855854, "activity_lines": [ 82.399761, 81.146804, 80.630484, 83.427497 ] }, { "date": "2024-03-22", "close": 80.668571, "volume": 84928141, "typical_volume": 98991698.2, "trend": 87.692829, "fair_value": 179.370083, "relative_strength": -22.703501, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.149217, "energy": 9.538294, "activity_lines": [ 81.89903, 81.281105, 80.499173, 82.899853 ] }, { "date": "2024-03-29", "close": 81.730629, "volume": 82892994, "typical_volume": 100067877.15, "trend": 86.778438, "fair_value": 178.038845, "relative_strength": -20.287505, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.24771, "energy": 9.938126, "activity_lines": [ 81.761248, 81.481687, 80.512704, 82.515195 ] }, { "date": "2024-04-05", "close": 80.850365, "volume": 52570287, "typical_volume": 99816532.35, "trend": 86.044884, "fair_value": 176.714196, "relative_strength": -20.60692, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.152653, "energy": 9.097259, "activity_lines": [ 81.467826, 81.442022, 80.484137, 82.132738 ] }, { "date": "2024-04-12", "close": 72.698357, "volume": 118264251, "typical_volume": 103020631.65, "trend": 84.980594, "fair_value": 175.316022, "relative_strength": -26.188514, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.617893, "energy": 30.742039, "activity_lines": [ 78.594211, 79.91165, 79.724294, 81.271672 ] }, { "date": "2024-04-19", "close": 69.225136, "volume": 125929474, "typical_volume": 106540938.2, "trend": 83.830828, "fair_value": 173.912755, "relative_strength": -29.546698, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -69.614046, "energy": 61.246559, "activity_lines": [ 74.906669, 77.917486, 78.713858, 80.255191 ] }, { "date": "2024-04-26", "close": 71.052643, "volume": 102283165, "typical_volume": 109049026.2, "trend": 82.81661, "fair_value": 172.479811, "relative_strength": -27.064068, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.93225, "energy": 68.063152, "activity_lines": [ 72.912679, 76.362933, 77.967, 79.430792 ] }, { "date": "2024-05-03", "close": 71.665009, "volume": 51538664, "typical_volume": 108727167.15, "trend": 81.719469, "fair_value": 170.929871, "relative_strength": -25.685066, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.047582, "energy": 71.387201, "activity_lines": [ 71.763874, 75.096989, 77.34061, 78.711334 ] }, { "date": "2024-05-10", "close": 70.832581, "volume": 105670773, "typical_volume": 110136736.5, "trend": 80.700787, "fair_value": 169.566792, "relative_strength": -26.635544, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.65394, "energy": 73.390864, "activity_lines": [ 71.008633, 73.900282, 76.668657, 78.008954 ] }, { "date": "2024-05-17", "close": 73.186325, "volume": 98151801, "typical_volume": 110330863.95, "trend": 80.040907, "fair_value": 168.313694, "relative_strength": -23.203009, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.816637, "energy": 61.185038, "activity_lines": [ 71.705827, 73.351073, 76.239824, 77.52415 ] }, { "date": "2024-05-24", "close": 70.478554, "volume": 123301749, "typical_volume": 110918308.8, "trend": 79.444496, "fair_value": 166.962263, "relative_strength": -23.62195, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.480132, "energy": 50.329293, "activity_lines": [ 71.467898, 72.394438, 75.565, 76.907224 ] }, { "date": "2024-05-31", "close": 67.933441, "volume": 78117746, "typical_volume": 111428380.25, "trend": 78.714132, "fair_value": 165.518001, "relative_strength": -25.511105, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.567406, "energy": 52.655733, "activity_lines": [ 70.298038, 71.248006, 74.693483, 76.164575 ] }, { "date": "2024-06-07", "close": 69.46434, "volume": 100880934, "typical_volume": 108757456.85, "trend": 78.01311, "fair_value": 164.228091, "relative_strength": -22.140339, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.898221, "energy": 46.097886, "activity_lines": [ 69.846424, 70.611467, 73.995195, 75.567814 ] }, { "date": "2024-06-14", "close": 67.869438, "volume": 63118080, "typical_volume": 104580566.0, "trend": 77.264665, "fair_value": 162.797938, "relative_strength": -22.762198, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.572607, "energy": 62.443435, "activity_lines": [ 69.009887, 69.907969, 73.182418, 74.913384 ] }, { "date": "2024-06-21", "close": 63.343506, "volume": 80869222, "typical_volume": 100554600.25, "trend": 76.391509, "fair_value": 161.288042, "relative_strength": -26.438423, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.515541, "energy": 80.369648, "activity_lines": [ 66.862249, 68.617591, 71.998181, 74.015245 ] }, { "date": "2024-06-28", "close": 61.217682, "volume": 75652230, "typical_volume": 97198784.4, "trend": 75.497883, "fair_value": 159.606123, "relative_strength": -27.33655, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.809325, "energy": 86.99278, "activity_lines": [ 64.662191, 67.110789, 70.699954, 73.036288 ] }, { "date": "2024-07-05", "close": 63.431671, "volume": 133717585, "typical_volume": 98481086.35, "trend": 74.808822, "fair_value": 158.087393, "relative_strength": -23.496522, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.447356, "energy": 80.533636, "activity_lines": [ 63.817521, 66.152119, 69.678825, 72.257823 ] }, { "date": "2024-07-12", "close": 66.37059, "volume": 149159094, "typical_volume": 99220290.45, "trend": 74.396329, "fair_value": 156.639077, "relative_strength": -19.954771, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.206332, "energy": 70.331517, "activity_lines": [ 64.252609, 65.866362, 69.020312, 71.713421 ] }, { "date": "2024-07-19", "close": 68.408241, "volume": 139350950, "typical_volume": 100134436.25, "trend": 74.18284, "fair_value": 155.34553, "relative_strength": -17.251512, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.265381, "energy": 47.524088, "activity_lines": [ 65.573163, 66.047349, 68.638846, 71.327092 ] }, { "date": "2024-07-26", "close": 65.753418, "volume": 97861538, "typical_volume": 100331486.75, "trend": 73.851834, "fair_value": 153.973052, "relative_strength": -17.282102, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.089408, "energy": 34.161472, "activity_lines": [ 65.972857, 65.78972, 68.073583, 70.783259 ] }, { "date": "2024-08-02", "close": 65.243996, "volume": 96062987, "typical_volume": 98016083.25, "trend": 73.357455, "fair_value": 152.691694, "relative_strength": -17.645971, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.771307, "energy": 29.020675, "activity_lines": [ 66.042082, 65.574612, 67.517433, 70.227914 ] }, { "date": "2024-08-09", "close": 63.510044, "volume": 84241724, "typical_volume": 97981762.4, "trend": 73.018009, "fair_value": 151.49554, "relative_strength": -17.779496, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.515943, "energy": 33.690882, "activity_lines": [ 65.264902, 65.139414, 66.892559, 69.592597 ] }, { "date": "2024-08-16", "close": 62.197323, "volume": 45337733, "typical_volume": 96103999.35, "trend": 72.513929, "fair_value": 150.231474, "relative_strength": -19.094797, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.354962, "energy": 45.525191, "activity_lines": [ 64.044924, 64.545965, 66.224371, 68.894489 ] }, { "date": "2024-08-23", "close": 59.709038, "volume": 48300706, "typical_volume": 95890520.3, "trend": 71.824845, "fair_value": 148.935254, "relative_strength": -20.780366, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.004637, "energy": 62.917125, "activity_lines": [ 62.273735, 63.632228, 65.412219, 68.068367 ] }, { "date": "2024-08-30", "close": 59.767811, "volume": 77084250, "typical_volume": 93831520.25, "trend": 71.086373, "fair_value": 147.861193, "relative_strength": -19.553272, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.279926, "energy": 68.755235, "activity_lines": [ 61.102084, 62.877549, 64.706337, 67.290493 ] }, { "date": "2024-09-06", "close": 55.663124, "volume": 61770457, "typical_volume": 90623569.4, "trend": 70.437522, "fair_value": 146.694309, "relative_strength": -22.239304, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.151234, "energy": 81.445256, "activity_lines": [ 58.961245, 61.441574, 63.671107, 66.295445 ] }, { "date": "2024-09-13", "close": 53.723438, "volume": 61417357, "typical_volume": 88580279.0, "trend": 69.534886, "fair_value": 145.480829, "relative_strength": -22.456816, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.758376, "energy": 86.280534, "activity_lines": [ 56.812568, 59.753922, 62.515726, 65.217117 ] }, { "date": "2024-09-20", "close": 53.204231, "volume": 47929046, "typical_volume": 88399798.1, "trend": 68.515115, "fair_value": 144.441665, "relative_strength": -23.328103, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.055005, "energy": 88.403674, "activity_lines": [ 55.143263, 58.148382, 61.393417, 64.163527 ] }, { "date": "2024-09-27", "close": 68.751106, "volume": 172156461, "typical_volume": 91724082.5, "trend": 68.043235, "fair_value": 143.429845, "relative_strength": -11.487638, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.759259, "energy": 36.787239, "activity_lines": [ 59.255788, 59.608935, 61.839671, 64.178752 ] }, { "date": "2024-10-04", "close": 75.628181, "volume": 59678247, "typical_volume": 89800404.8, "trend": 67.968989, "fair_value": 142.485267, "relative_strength": -9.154924, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 0.932225, "energy": 11.597514, "activity_lines": [ 65.057868, 62.313631, 62.950796, 64.668103 ] }, { "date": "2024-10-11", "close": 70.171585, "volume": 271250309, "typical_volume": 97197832.8, "trend": 67.458346, "fair_value": 141.393247, "relative_strength": -11.865543, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.732792, "energy": 32.225669, "activity_lines": [ 67.983724, 63.846677, 63.530618, 64.810206 ] }, { "date": "2024-10-18", "close": 66.635086, "volume": 161307333, "typical_volume": 101357312.15, "trend": 66.990563, "fair_value": 140.311812, "relative_strength": -16.806029, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.364289, "energy": 35.002449, "activity_lines": [ 68.763517, 64.647131, 63.775092, 64.757093 ] }, { "date": "2024-10-25", "close": 67.585335, "volume": 137422721, "typical_volume": 103184401.5, "trend": 66.519053, "fair_value": 139.251585, "relative_strength": -15.993484, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.749415, "energy": 33.519466, "activity_lines": [ 68.999283, 65.563539, 64.116248, 64.795465 ] }, { "date": "2024-11-01", "close": 66.928986, "volume": 122749926, "typical_volume": 106165993.8, "trend": 66.055007, "fair_value": 138.108547, "relative_strength": -15.484338, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 16.570988, "energy": 27.452702, "activity_lines": [ 68.057525, 66.262647, 64.403843, 64.821912 ] }, { "date": "2024-11-08", "close": 74.256683, "volume": 207829494, "typical_volume": 112514007.4, "trend": 66.106951, "fair_value": 136.950203, "relative_strength": -10.534378, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 42.966701, "energy": 31.220176, "activity_lines": [ 69.679808, 68.162791, 65.393792, 65.351053 ] }, { "date": "2024-11-15", "close": 69.280113, "volume": 131643461, "typical_volume": 115313568.95, "trend": 66.108784, "fair_value": 135.764493, "relative_strength": -12.861783, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.822208, "energy": 23.661105, "activity_lines": [ 69.734667, 68.894671, 65.857814, 65.555773 ] }, { "date": "2024-11-22", "close": 66.02771, "volume": 79667740, "typical_volume": 112611076.7, "trend": 65.941286, "fair_value": 134.56126, "relative_strength": -14.711955, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 12.136819, "energy": 15.288935, "activity_lines": [ 68.764824, 68.787623, 65.973691, 65.550542 ] }, { "date": "2024-11-29", "close": 68.133942, "volume": 70634195, "typical_volume": 108684831.75, "trend": 65.823584, "fair_value": 133.374794, "relative_strength": -12.961381, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 11.691653, "energy": 15.340739, "activity_lines": [ 68.537549, 68.839812, 66.2778, 65.692004 ] }, { "date": "2024-12-06", "close": 69.123367, "volume": 95473726, "typical_volume": 106490970.55, "trend": 65.76661, "fair_value": 132.422499, "relative_strength": -13.183355, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.185958, "energy": 19.125771, "activity_lines": [ 68.603509, 68.800447, 66.667742, 65.904893 ] }, { "date": "2024-12-13", "close": 69.848312, "volume": 139273340, "typical_volume": 108561560.65, "trend": 65.655343, "fair_value": 131.518506, "relative_strength": -11.526382, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 40.894224, "energy": 19.100782, "activity_lines": [ 68.764826, 68.886122, 67.123322, 66.168229 ] }, { "date": "2024-12-20", "close": 68.006584, "volume": 92977245, "typical_volume": 108407273.55, "trend": 65.572944, "fair_value": 130.592186, "relative_strength": -12.873594, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.595817, "energy": 18.003313, "activity_lines": [ 68.606124, 68.742026, 67.383999, 66.319922 ] }, { "date": "2024-12-27", "close": 67.477577, "volume": 54281590, "typical_volume": 106909266.85, "trend": 65.557749, "fair_value": 129.747005, "relative_strength": -13.929686, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.339782, "energy": 17.977621, "activity_lines": [ 68.355989, 68.541111, 67.58114, 66.442801 ] }, { "date": "2025-01-03", "close": 61.550758, "volume": 63231826, "typical_volume": 107803971.5, "trend": 65.293963, "fair_value": 128.907728, "relative_strength": -16.335267, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.257593, "energy": 9.528606, "activity_lines": [ 66.033589, 67.247274, 67.194929, 66.184286 ] }, { "date": "2025-01-10", "close": 58.758785, "volume": 57066009, "typical_volume": 108242236.65, "trend": 64.990274, "fair_value": 127.895644, "relative_strength": -18.59684, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -33.096812, "energy": 43.897625, "activity_lines": [ 63.219411, 65.555525, 66.545894, 65.762661 ] }, { "date": "2025-01-17", "close": 59.777611, "volume": 56178769, "typical_volume": 107196962.6, "trend": 64.871411, "fair_value": 126.965067, "relative_strength": -18.480504, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.933625, "energy": 57.586871, "activity_lines": [ 61.435814, 64.197567, 65.998416, 65.42636 ] }, { "date": "2025-01-24", "close": 60.002926, "volume": 54469922, "typical_volume": 106831935.85, "trend": 64.830919, "fair_value": 126.032186, "relative_strength": -17.750481, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.933037, "energy": 60.882952, "activity_lines": [ 60.398701, 63.14383, 65.472349, 65.112265 ] }, { "date": "2025-01-31", "close": 59.464127, "volume": 10053883, "typical_volume": 104263762.15, "trend": 64.698668, "fair_value": 125.086721, "relative_strength": -17.743108, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.984261, "energy": 62.086439, "activity_lines": [ 59.715567, 62.160807, 64.874302, 64.76602 ] }, { "date": "2025-02-07", "close": 60.384987, "volume": 44777961, "typical_volume": 104106207.9, "trend": 64.499147, "fair_value": 124.217478, "relative_strength": -17.149032, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -64.011659, "energy": 70.149999, "activity_lines": [ 59.873615, 61.46455, 64.33662, 64.487718 ] }, { "date": "2025-02-14", "close": 60.825825, "volume": 80246867, "typical_volume": 99510728.2, "trend": 64.2464, "fair_value": 123.39514, "relative_strength": -16.892009, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.199131, "energy": 45.890574, "activity_lines": [ 60.256328, 60.989336, 63.806728, 64.250729 ] }, { "date": "2025-02-21", "close": 59.806999, "volume": 77510502, "typical_volume": 100402340.95, "trend": 64.048186, "fair_value": 122.565243, "relative_strength": -18.335673, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -62.917339, "energy": 46.467374, "activity_lines": [ 60.161629, 60.479745, 63.217545, 63.964316 ] }, { "date": "2025-02-28", "close": 59.924553, "volume": 110962133, "typical_volume": 92387932.15, "trend": 63.870872, "fair_value": 121.700425, "relative_strength": -16.044632, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.792156, "energy": 41.75866, "activity_lines": [ 60.104156, 60.174097, 62.714896, 63.698276 ] }, { "date": "2025-03-07", "close": 60.659283, "volume": 82196196, "typical_volume": 88432375.3, "trend": 63.775846, "fair_value": 120.726222, "relative_strength": -15.745826, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.663242, "energy": 34.903557, "activity_lines": [ 60.296817, 60.148982, 62.331017, 63.491076 ] }, { "date": "2025-03-14", "close": 62.775311, "volume": 107539020, "typical_volume": 86938190.25, "trend": 63.795112, "fair_value": 119.790252, "relative_strength": -13.253048, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.427584, "energy": 27.411768, "activity_lines": [ 61.115145, 60.632568, 62.177121, 63.426526 ] }, { "date": "2025-03-21", "close": 60.561321, "volume": 93895710, "typical_volume": 85495479.45, "trend": 63.823522, "fair_value": 118.907991, "relative_strength": -14.291766, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.89098, "energy": 24.678656, "activity_lines": [ 61.03612, 60.691346, 61.835273, 63.217894 ] }, { "date": "2025-03-28", "close": 60.355598, "volume": 58855994, "typical_volume": 78046804.45, "trend": 63.843115, "fair_value": 118.076834, "relative_strength": -13.536257, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.274409, "energy": 23.303379, "activity_lines": [ 60.906155, 60.679947, 61.504155, 62.994157 ] }, { "date": "2025-04-04", "close": 59.366161, "volume": 41104526, "typical_volume": 73519857.7, "trend": 63.966549, "fair_value": 117.329124, "relative_strength": -14.036245, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.694142, "energy": 32.779955, "activity_lines": [ 60.409804, 60.478141, 61.145, 62.705321 ] }, { "date": "2025-04-11", "close": 66.566505, "volume": 311968044, "typical_volume": 85134872.9, "trend": 64.394652, "fair_value": 116.688941, "relative_strength": -0.193829, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -1.34961, "energy": 5.487241, "activity_lines": [ 62.350794, 61.597066, 61.518802, 62.87306 ] }, { "date": "2025-04-18", "close": 63.549225, "volume": 187741310, "typical_volume": 90990228.65, "trend": 64.739485, "fair_value": 116.111648, "relative_strength": -5.556108, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.977725, "energy": 11.78003, "activity_lines": [ 62.89221, 62.038261, 61.602678, 62.818517 ] }, { "date": "2025-04-25", "close": 61.717297, "volume": 90315896, "typical_volume": 90732337.15, "trend": 64.505024, "fair_value": 115.453622, "relative_strength": -8.422303, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.176178, "energy": 13.407592, "activity_lines": [ 62.771388, 62.088846, 61.533917, 62.623537 ] }, { "date": "2025-05-02", "close": 62.109154, "volume": 52646524, "typical_volume": 86400996.35, "trend": 64.05439, "fair_value": 114.857242, "relative_strength": -7.028401, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.521757, "energy": 14.246056, "activity_lines": [ 62.70412, 62.19447, 61.537742, 62.468964 ] }, { "date": "2025-05-09", "close": 61.442997, "volume": 55572389, "typical_volume": 84530753.55, "trend": 63.763437, "fair_value": 114.149207, "relative_strength": -9.410565, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.130742, "energy": 7.872941, "activity_lines": [ 62.297896, 62.137116, 61.514977, 62.300487 ] }, { "date": "2025-05-16", "close": 61.589943, "volume": 75924978, "typical_volume": 85612922.95, "trend": 63.595266, "fair_value": 113.473918, "relative_strength": -9.458918, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.851242, "energy": 14.097051, "activity_lines": [ 61.802199, 62.078872, 61.537462, 62.160262 ] }, { "date": "2025-05-23", "close": 59.640465, "volume": 46005411, "typical_volume": 84751602.2, "trend": 63.330437, "fair_value": 112.75584, "relative_strength": -11.40276, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.753783, "energy": 22.124773, "activity_lines": [ 60.988446, 61.649257, 61.402319, 61.905114 ] }, { "date": "2025-05-30", "close": 59.356365, "volume": 32448787, "typical_volume": 83520741.1, "trend": 63.078016, "fair_value": 112.146591, "relative_strength": -11.439251, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.636008, "energy": 33.498775, "activity_lines": [ 60.340577, 61.224984, 61.249216, 61.648722 ] }, { "date": "2025-06-06", "close": 60.355598, "volume": 31454954, "typical_volume": 82284550.35, "trend": 62.614647, "fair_value": 111.487454, "relative_strength": -10.531484, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.822165, "energy": 35.378146, "activity_lines": [ 60.183182, 61.004298, 61.188431, 61.473082 ] }, { "date": "2025-06-13", "close": 59.170238, "volume": 43270651, "typical_volume": 81724586.8, "trend": 62.277651, "fair_value": 110.804092, "relative_strength": -11.657241, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.310852, "energy": 44.522913, "activity_lines": [ 59.74757, 60.568092, 61.012003, 61.250862 ] }, { "date": "2025-06-20", "close": 59.990562, "volume": 44207253, "typical_volume": 83432255.3, "trend": 62.076413, "fair_value": 110.191289, "relative_strength": -9.690022, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.35547, "energy": 36.984508, "activity_lines": [ 59.736917, 60.284598, 60.917667, 61.103308 ] }, { "date": "2025-06-27", "close": 60.399273, "volume": 61062278, "typical_volume": 84246471.15, "trend": 61.81859, "fair_value": 109.517982, "relative_strength": -10.522648, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.978961, "energy": 24.528928, "activity_lines": [ 59.969126, 60.194977, 60.859748, 60.995105 ] }, { "date": "2025-07-04", "close": 60.837887, "volume": 47506927, "typical_volume": 82609474.15, "trend": 61.542408, "fair_value": 108.772753, "relative_strength": -10.774549, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.633748, "energy": 17.421626, "activity_lines": [ 60.296952, 60.242377, 60.843534, 60.931834 ] }, { "date": "2025-07-11", "close": 62.054047, "volume": 67127447, "typical_volume": 82090321.4, "trend": 61.282599, "fair_value": 108.019357, "relative_strength": -9.559819, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.713044, "energy": 10.15294, "activity_lines": [ 60.931398, 60.526886, 60.943087, 60.964843 ] }, { "date": "2025-07-18", "close": 62.572411, "volume": 62446655, "typical_volume": 79664547.5, "trend": 61.10146, "fair_value": 107.204405, "relative_strength": -8.962632, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.430417, "energy": 19.996431, "activity_lines": [ 61.625401, 60.906645, 61.081308, 61.048057 ] }, { "date": "2025-07-25", "close": 67.835793, "volume": 259771594, "typical_volume": 88543317.4, "trend": 61.1134, "fair_value": 106.27814, "relative_strength": -2.557185, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.702459, "energy": 73.715534, "activity_lines": [ 63.847053, 62.222847, 61.708195, 61.48253 ] }, { "date": "2025-08-01", "close": 64.386681, "volume": 131813289, "typical_volume": 89757030.85, "trend": 61.207931, "fair_value": 105.409214, "relative_strength": -6.229241, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.332623, "energy": 68.591966, "activity_lines": [ 64.395986, 62.798378, 61.972421, 61.693709 ] }, { "date": "2025-08-08", "close": 64.835266, "volume": 64893096, "typical_volume": 88306900.15, "trend": 61.41048, "fair_value": 104.580267, "relative_strength": -7.125532, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.907883, "energy": 71.367696, "activity_lines": [ 64.82862, 63.369174, 62.271696, 61.927731 ] }, { "date": "2025-08-15", "close": 64.456467, "volume": 100222200, "typical_volume": 90375210.45, "trend": 61.566442, "fair_value": 103.686408, "relative_strength": -8.827538, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.257807, "energy": 68.127765, "activity_lines": [ 64.868496, 63.771482, 62.514543, 62.124246 ] }, { "date": "2025-08-22", "close": 67.267586, "volume": 141594424, "typical_volume": 95399705.35, "trend": 61.808597, "fair_value": 102.839314, "relative_strength": -7.749833, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.5938, "energy": 60.495301, "activity_lines": [ 65.68525, 64.610341, 63.005588, 62.492062 ] }, { "date": "2025-08-29", "close": 69.071884, "volume": 221879386, "typical_volume": 90895272.45, "trend": 62.128856, "fair_value": 102.070776, "relative_strength": -5.768175, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.458506, "energy": 62.648337, "activity_lines": [ 66.790425, 65.630029, 63.630845, 62.960661 ] }, { "date": "2025-09-05", "close": 70.268105, "volume": 173454019, "typical_volume": 90180907.9, "trend": 62.458293, "fair_value": 101.329638, "relative_strength": -2.827667, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.214144, "energy": 70.666213, "activity_lines": [ 68.211935, 66.702097, 64.358097, 63.485774 ] }, { "date": "2025-09-12", "close": 70.178391, "volume": 167843940, "typical_volume": 94057310.1, "trend": 62.770046, "fair_value": 100.634574, "relative_strength": -4.239501, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.850873, "energy": 74.589037, "activity_lines": [ 69.211444, 67.578421, 65.04481, 63.983845 ] }, { "date": "2025-09-19", "close": 73.737152, "volume": 229020438, "typical_volume": 102876005.8, "trend": 63.234384, "fair_value": 99.935466, "relative_strength": 1.961139, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.348527, "energy": 83.070726, "activity_lines": [ 71.041, 68.931964, 66.030162, 64.6914 ] }, { "date": "2025-09-26", "close": 69.979019, "volume": 162261058, "typical_volume": 108210439.25, "trend": 63.569533, "fair_value": 99.285957, "relative_strength": -3.045442, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.811934, "energy": 68.236724, "activity_lines": [ 70.999131, 69.38979, 66.602226, 65.126538 ] }, { "date": "2025-10-03", "close": 71.344711, "volume": 52965043, "typical_volume": 107062442.5, "trend": 63.925714, "fair_value": 98.579552, "relative_strength": -2.116579, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.360838, "energy": 53.302516, "activity_lines": [ 71.231732, 69.961259, 67.263707, 65.628162 ] }, { "date": "2025-10-10", "close": 68.384056, "volume": 62007071, "typical_volume": 107862525.5, "trend": 64.112672, "fair_value": 97.86988, "relative_strength": -6.111891, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.148854, "energy": 44.264084, "activity_lines": [ 70.325925, 69.930628, 67.59677, 65.915797 ] }, { "date": "2025-10-17", "close": 69.799583, "volume": 122486473, "typical_volume": 112364409.8, "trend": 64.420614, "fair_value": 97.188161, "relative_strength": -2.51311, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.350494, "energy": 30.415141, "activity_lines": [ 70.017564, 70.084686, 68.023009, 66.282695 ] }, { "date": "2025-10-24", "close": 70.298012, "volume": 107714149, "typical_volume": 116177369.55, "trend": 64.752028, "fair_value": 96.431442, "relative_strength": -4.29964, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.593235, "energy": 30.892593, "activity_lines": [ 69.9006, 70.239107, 68.446988, 66.661882 ] }, { "date": "2025-10-31", "close": 75.830544, "volume": 217850911, "typical_volume": 124906382.55, "trend": 65.300841, "fair_value": 95.788079, "relative_strength": 3.251942, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.496883, "energy": 47.53577, "activity_lines": [ 71.857089, 71.293233, 69.350529, 67.376625 ] }, { "date": "2025-11-07", "close": 78.741348, "volume": 267934334, "typical_volume": 136092736.6, "trend": 65.706669, "fair_value": 95.223605, "relative_strength": 6.267746, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.916297, "energy": 70.568942, "activity_lines": [ 74.393745, 72.720907, 70.451956, 68.243754 ] }, { "date": "2025-11-14", "close": 88.002106, "volume": 488148659, "typical_volume": 157447055.65, "trend": 66.521765, "fair_value": 94.767946, "relative_strength": 18.821696, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.830123, "energy": 89.773529, "activity_lines": [ 79.524211, 75.656545, 72.346069, 69.68217 ] }, { "date": "2025-11-21", "close": 78.801163, "volume": 250711418, "typical_volume": 167607280.2, "trend": 67.091227, "fair_value": 94.072798, "relative_strength": 10.676678, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.43675, "energy": 77.688542, "activity_lines": [ 80.279826, 76.596849, 73.232461, 70.474389 ] }, { "date": "2025-11-28", "close": 78.781227, "volume": 174372425, "typical_volume": 172969529.1, "trend": 67.646963, "fair_value": 93.384892, "relative_strength": 9.145722, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.100791, "energy": 74.052212, "activity_lines": [ 80.42869, 77.376751, 74.031414, 71.228582 ] }, { "date": "2025-12-05", "close": 80.764961, "volume": 182237239, "typical_volume": 178959058.3, "trend": 68.291028, "fair_value": 92.740638, "relative_strength": 11.441781, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.379842, "energy": 56.775987, "activity_lines": [ 80.673251, 78.42562, 74.939641, 72.074905 ] }, { "date": "2025-12-12", "close": 78.950691, "volume": 177069885, "typical_volume": 174823972.85, "trend": 68.86972, "fair_value": 92.158688, "relative_strength": 9.348715, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.132936, "energy": 42.540615, "activity_lines": [ 79.984094, 78.948515, 75.58845, 72.762625 ] }, { "date": "2025-12-19", "close": 82.809998, "volume": 197467502, "typical_volume": 178106683.5, "trend": 69.642038, "fair_value": 91.47517, "relative_strength": 14.531675, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.265068, "energy": 44.291585, "activity_lines": [ 80.567417, 80.034811, 76.551883, 73.661998 ] }, { "date": "2025-12-26", "close": 92.300003, "volume": 446560703, "typical_volume": 197190063.85, "trend": 70.740159, "fair_value": 90.768261, "relative_strength": 24.853903, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.717232, "energy": 57.506239, "activity_lines": [ 84.660215, 82.584273, 78.331397, 75.123802 ] }, { "date": "2026-01-02", "close": 94.559998, "volume": 196885325, "typical_volume": 202023220.1, "trend": 71.880305, "fair_value": 90.024255, "relative_strength": 27.133865, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.236171, "energy": 71.178699, "activity_lines": [ 88.606423, 85.135544, 80.195363, 76.660566 ] }, { "date": "2026-01-09", "close": 95.779999, "volume": 330638331, "typical_volume": 211475415.45, "trend": 73.100631, "fair_value": 89.278144, "relative_strength": 23.441248, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.968763, "energy": 82.552966, "activity_lines": [ 91.907379, 87.467507, 82.03217, 78.202482 ] }, { "date": "2026-01-16", "close": 88.43, "volume": 252780356, "typical_volume": 213020463.95, "trend": 74.048612, "fair_value": 88.529374, "relative_strength": 14.119469, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.938071, "energy": 73.123503, "activity_lines": [ 91.757333, 88.100389, 83.033203, 79.191473 ] }, { "date": "2026-01-23", "close": 93.32, "volume": 318613400, "typical_volume": 220278433.0, "trend": 75.14597, "fair_value": 87.759333, "relative_strength": 18.934629, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.648894, "energy": 55.264428, "activity_lines": [ 92.605333, 89.446205, 84.40777, 80.434788 ] }, { "date": "2026-01-30", "close": 89.370003, "volume": 261406476, "typical_volume": 224956559.8, "trend": 76.09704, "fair_value": 86.940647, "relative_strength": 14.010235, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.322885, "energy": 45.112839, "activity_lines": [ 91.436001, 89.97715, 85.296375, 81.352468 ] }, { "date": "2026-02-06", "close": 92.349998, "volume": 196408844, "typical_volume": 223325980.1, "trend": 77.106905, "fair_value": 86.128883, "relative_strength": 18.796785, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.533606, "energy": 40.170143, "activity_lines": [ 91.455333, 90.857752, 86.377401, 82.401046 ] }, { "date": "2026-02-13", "close": 94.639999, "volume": 245343834, "typical_volume": 227480118.9, "trend": 78.175825, "fair_value": 85.450797, "relative_strength": 20.642953, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.183648, "energy": 44.827001, "activity_lines": [ 92.385333, 91.908012, 87.587889, 83.532213 ] }, { "date": "2026-02-27", "close": 80.580002, "volume": 197406721, "typical_volume": 234702202.8, "trend": 78.600632, "fair_value": 84.722412, "relative_strength": 0.559111, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 29.740914, "energy": 20.307905, "activity_lines": [ 88.704667, 90.149637, 87.341897, 83.687321 ] }, { "date": "2026-03-06", "close": 76.620003, "volume": 163489512, "typical_volume": 239776324.85, "trend": 79.008409, "fair_value": 83.992272, "relative_strength": -3.53721, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.646031, "energy": 13.223817, "activity_lines": [ 84.227335, 87.641637, 86.674784, 83.559539 ] }, { "date": "2026-03-13", "close": 73.290001, "volume": 110484981, "typical_volume": 239176250.25, "trend": 79.290234, "fair_value": 83.259238, "relative_strength": -7.073543, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -12.631537, "energy": 25.798166, "activity_lines": [ 79.753335, 84.640728, 85.65131, 83.190609 ] }, { "date": "2026-03-20", "close": 72.199997, "volume": 110733425, "typical_volume": 239327214.05, "trend": 79.548351, "fair_value": 82.528048, "relative_strength": -5.243312, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -32.91928, "energy": 41.791356, "activity_lines": [ 75.988, 81.787273, 84.507405, 82.733175 ] }, { "date": "2026-03-27", "close": 71.650002, "volume": 91133192, "typical_volume": 232991328.1, "trend": 79.694432, "fair_value": 81.880603, "relative_strength": -4.953412, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.521645, "energy": 60.86137, "activity_lines": [ 73.382667, 79.240364, 83.302062, 82.223604 ] }, { "date": "2026-04-03", "close": 68.919998, "volume": 83553767, "typical_volume": 223772299.75, "trend": 79.689369, "fair_value": 81.193916, "relative_strength": -7.759768, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.571565, "energy": 68.714989, "activity_lines": [ 71.4, 76.635818, 81.856626, 81.528479 ] }, { "date": "2026-04-10", "close": 69.040001, "volume": 87932223, "typical_volume": 203761477.95, "trend": 79.648432, "fair_value": 80.501786, "relative_strength": -10.01932, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.627257, "energy": 70.345879, "activity_lines": [ 70.234667, 74.407818, 80.469387, 80.841423 ] }, { "date": "2026-04-17", "close": 66.790001, "volume": 119326240, "typical_volume": 197192219.05, "trend": 79.535486, "fair_value": 79.81399, "relative_strength": -14.002878, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.191362, "energy": 71.981961, "activity_lines": [ 68.824667, 72.212182, 78.958158, 80.011847 ] }, { "date": "2026-04-24", "close": 65.419998, "volume": 106676470, "typical_volume": 193807421.3, "trend": 79.258247, "fair_value": 79.12606, "relative_strength": -16.071905, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -75.943562, "energy": 84.006022, "activity_lines": [ 67.391333, 70.178, 77.373649, 79.10117 ] }, { "date": "2026-05-01", "close": 65.620003, "volume": 95857460, "typical_volume": 189488432.35, "trend": 79.112947, "fair_value": 78.482287, "relative_strength": -16.241971, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.185975, "energy": 85.49702, "activity_lines": [ 66.476667, 68.669819, 75.871813, 78.221284 ] }, { "date": "2026-05-08", "close": 62.68, "volume": 100881453, "typical_volume": 185679010.75, "trend": 78.824123, "fair_value": 77.866012, "relative_strength": -20.977471, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.773393, "energy": 89.576719, "activity_lines": [ 64.984001, 67.154728, 74.162096, 77.161093 ] }, { "date": "2026-05-15", "close": 59.0, "volume": 188880594, "typical_volume": 185249665.35, "trend": 78.511321, "fair_value": 77.263844, "relative_strength": -24.500305, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.769858, "energy": 92.421305, "activity_lines": [ 62.680667, 65.296, 72.179381, 75.882118 ] }, { "date": "2026-05-22", "close": 56.650002, "volume": 140611105, "typical_volume": 169952185.45, "trend": 78.073002, "fair_value": 76.695942, "relative_strength": -26.774561, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.671358, "energy": 93.713695, "activity_lines": [ 60.263334, 63.330364, 70.086239, 74.47171 ] }, { "date": "2026-05-29", "close": 59.580002, "volume": 272377314, "typical_volume": 173726784.9, "trend": 77.715735, "fair_value": 76.227088, "relative_strength": -21.8952, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.283564, "energy": 88.061528, "activity_lines": [ 59.498668, 62.200001, 68.441905, 73.278613 ] }, { "date": "2026-06-05", "close": 57.200001, "volume": 69005044, "typical_volume": 160645120.55, "trend": 77.094717, "fair_value": 75.770627, "relative_strength": -23.979753, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.775955, "energy": 90.649191, "activity_lines": [ 58.330001, 60.866365, 66.737477, 71.955018 ] }, { "date": "2026-06-12", "close": 57.973, "volume": 55405219, "typical_volume": 150776363.7, "trend": 76.402439, "fair_value": 75.346282, "relative_strength": -22.75037, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.124607, "energy": 86.079969, "activity_lines": [ 57.980334, 59.936001, 65.290382, 70.721358 ] }, { "date": "2026-06-19", "close": 54.840931, "volume": 169739860, "typical_volume": 143332686.7, "trend": 75.297066, "fair_value": 74.949911, "relative_strength": -27.669889, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.825633, "energy": 81.593398, "activity_lines": [ 56.900444, 58.635206, 63.690027, 69.330293 ] }, { "date": "2026-06-26", "close": 52.848698, "volume": 38482198, "typical_volume": 132186472.8, "trend": 74.431984, "fair_value": 74.577369, "relative_strength": -28.85404, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.428461, "energy": 72.680529, "activity_lines": [ 55.433748, 57.230353, 62.08317, 67.882012 ] }, { "date": "2026-07-03", "close": 52.640553, "volume": 30720647, "typical_volume": 123902062.95, "trend": 73.560628, "fair_value": 74.122131, "relative_strength": -29.079614, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.409198, "energy": 71.221137, "activity_lines": [ 54.15109, 56.041132, 60.630401, 66.476113 ] }, { "date": "2026-07-10", "close": 52.263912, "volume": 161835587, "typical_volume": 119726650.6, "trend": 72.610593, "fair_value": 73.713259, "relative_strength": -28.417278, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.881923, "energy": 70.392059, "activity_lines": [ 53.205515, 55.015786, 59.330853, 65.102131 ] }, { "date": "2026-07-17", "close": 52.900002, "volume": 207029159, "typical_volume": 120207772.5, "trend": 71.742237, "fair_value": 73.379231, "relative_strength": -22.785711, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.67513, "energy": 66.873927, "activity_lines": [ 52.801043, 54.34893, 58.293677, 63.83048 ] }, { "date": "2026-07-24", "close": 53.200001, "volume": 210760908, "typical_volume": 122571342.3, "trend": 70.755237, "fair_value": 73.052424, "relative_strength": -23.061339, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.578451, "energy": 64.764728, "activity_lines": [ 52.83477, 53.914437, 57.416881, 62.634207 ] }, { "date": "2026-07-31", "close": 58.009998, "volume": 226813947, "typical_volume": 128387790.6, "trend": 69.612237, "fair_value": 72.711445, "relative_strength": -16.16797, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.567472, "energy": 50.645583, "activity_lines": [ 54.581225, 54.459944, 57.109704, 61.811933 ] }, { "date": "2026-08-07", "close": 55.82, "volume": 173490317, "typical_volume": 131525635.2, "trend": 68.320904, "fair_value": 72.371777, "relative_strength": -21.210506, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.370034, "energy": 40.373232, "activity_lines": [ 55.253594, 54.582542, 56.666718, 60.922112 ] } ], "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." } } }