{ "ticker": { "uuid": "7ef63914-5929-457f-85ac-c184f297a079", "symbol": "00752", "name": "CTBC China 50", "exchange": "TAI", "country": "TW", "assetType": "etf" }, "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": "^TWII", "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": -7.871, "architecture_energy": 22.827, "architecture_maturity": 97.382, "architecture_confidence": 41.392, "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": 50.07, "rotation_up": 44.77, "upward_expansion": 27.56, "deceleration": 41.31, "rotation_down": 16.65, "downward_expansion": 50.23 }, "activity_lines": [ 23.511333, 22.811818, 22.914238, 23.330559 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.166667 }, "latest_close": 23.99, "trend_reference": 24.105, "distance_from_trend": -0.004771, "trend_direction": "Weakening", "fair_value": 21.455962, "distance_from_fair_value": 0.118104, "fair_value_direction": "Weakening", "relative_strength": -31.278129, "relative_strength_direction": "Improving", "price_momentum": -0.121245, "excess_performance": -0.500557, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.004771, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.053072, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.118104, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.035114, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.312781, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.049172, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.121245, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.857487, "read": "Supply-led" } ], "volume": { "latest": 9155307, "relative_activity": 0.895589, "balance": 0.857487, "dry_up": 1.563197, "accumulation_observations": 4, "distribution_observations": 4 }, "risk": { "range_context": 0.046814, "annualized_volatility": 0.237854, "from_high_reference": -0.153792, "from_low_reference": 0.191162 }, "levels": { "trend_reference": 24.105, "fair_value_reference": 21.455962, "structural_low": 20.139999, "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": 26, "median_return": -0.015022, "positive_rate": 0.461538, "directional_follow_through": 0.538462, "median_excess_return": -0.038361, "regime_survival": 0.884615, "best_return": 0.138202, "worst_return": -0.120817, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.105549, "positive_rate": 0.375, "directional_follow_through": 0.625, "median_excess_return": -0.100042, "regime_survival": 0.625, "best_return": 0.163529, "worst_return": -0.198801, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.043329, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.140588, "regime_survival": 0.25, "best_return": 0.098824, "worst_return": -0.236351, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.06, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.164801, "regime_survival": 0.0, "best_return": 0.231513, "worst_return": -0.325114, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-04-19", "end": "2024-05-10", "tenure": "New", "return": 0.17296, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-17", "end": "2024-06-21", "tenure": "Developing", "return": -0.06817, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-28", "end": "2024-09-27", "tenure": "Established", "return": 0.161378, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-04", "end": "2024-11-15", "tenure": "Developing", "return": -0.15716, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-22", "end": "2025-02-14", "tenure": "Developing", "return": 0.186541, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-21", "end": "2025-04-11", "tenure": "Developing", "return": -0.118878, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-18", "end": "2025-06-20", "tenure": "Developing", "return": -0.024856, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-06-27", "end": "2025-07-25", "tenure": "Developing", "return": 0.085404, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-01", "end": "2025-08-08", "tenure": "New", "return": 0.006364, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-15", "end": "2025-09-26", "tenure": "Developing", "return": 0.113992, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-03", "end": "2025-11-21", "tenure": "Developing", "return": -0.071989, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2026-02-13", "tenure": "Developing", "return": 0.000377, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-27", "end": "2026-03-13", "tenure": "New", "return": -0.005981, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-20", "end": "2026-08-07", "tenure": "Established", "return": -0.012351, "active": true } ], "chart_path": [ { "date": "2023-08-04", "close": 19.809999, "volume": 30107452, "typical_volume": 17624985.9, "trend": 18.689666, "fair_value": 22.973397, "relative_strength": -0.568615, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 35.17818, "energy": 48.092771, "activity_lines": [ 19.112, 18.684182, 18.382762, 18.446064 ] }, { "date": "2023-08-11", "close": 19.280001, "volume": 19327688, "typical_volume": 17618997.4, "trend": 18.673, "fair_value": 22.924231, "relative_strength": -1.726627, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 21.88987, "energy": 49.412076, "activity_lines": [ 19.278, 18.844182, 18.470047, 18.48415 ] }, { "date": "2023-08-18", "close": 18.040001, "volume": 17555871, "typical_volume": 17605872.7, "trend": 18.602, "fair_value": 22.86532, "relative_strength": -6.677146, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 7.532404, "energy": 31.198349, "activity_lines": [ 18.927334, 18.742728, 18.436048, 18.443312 ] }, { "date": "2023-08-25", "close": 17.959999, "volume": 11794109, "typical_volume": 17860971.65, "trend": 18.53, "fair_value": 22.803269, "relative_strength": -7.542909, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.279051, "energy": 10.217141, "activity_lines": [ 18.594, 18.626, 18.4, 18.401892 ] }, { "date": "2023-09-01", "close": 18.51, "volume": 9611892, "typical_volume": 17196542.55, "trend": 18.481333, "fair_value": 22.746474, "relative_strength": -5.478191, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.097662, "energy": 8.625243, "activity_lines": [ 18.458667, 18.626364, 18.421667, 18.400602 ] }, { "date": "2023-09-08", "close": 18.290001, "volume": 16377793, "typical_volume": 17229696.25, "trend": 18.433, "fair_value": 22.687115, "relative_strength": -5.987098, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.350993, "energy": 15.54193, "activity_lines": [ 18.315334, 18.578364, 18.423191, 18.388258 ] }, { "date": "2023-09-15", "close": 18.43, "volume": 11524588, "typical_volume": 17083925.0, "trend": 18.39, "fair_value": 22.617243, "relative_strength": -6.977274, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.759834, "energy": 11.699683, "activity_lines": [ 18.32, 18.547637, 18.438857, 18.388064 ] }, { "date": "2023-09-22", "close": 17.969999, "volume": 11367168, "typical_volume": 16996724.25, "trend": 18.368, "fair_value": 22.548461, "relative_strength": -5.878332, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.376725, "energy": 13.019265, "activity_lines": [ 18.228, 18.420545, 18.409333, 18.360968 ] }, { "date": "2023-09-29", "close": 17.67, "volume": 4502959, "typical_volume": 16617382.25, "trend": 18.316333, "fair_value": 22.484102, "relative_strength": -7.286333, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.243421, "energy": 27.332131, "activity_lines": [ 18.040667, 18.252182, 18.352048, 18.315935 ] }, { "date": "2023-10-06", "close": 17.629999, "volume": 8101878, "typical_volume": 16357020.85, "trend": 18.307, "fair_value": 22.417308, "relative_strength": -8.175953, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -50.177509, "energy": 41.734704, "activity_lines": [ 17.859333, 18.085818, 18.292476, 18.271656 ] }, { "date": "2023-10-13", "close": 18.02, "volume": 6920404, "typical_volume": 15712992.35, "trend": 18.302333, "fair_value": 22.358846, "relative_strength": -7.35397, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.224136, "energy": 40.360818, "activity_lines": [ 17.866666, 18.024182, 18.271238, 18.25314 ] }, { "date": "2023-10-20", "close": 17.23, "volume": 7255317, "typical_volume": 15097029.4, "trend": 18.256333, "fair_value": 22.29282, "relative_strength": -9.301789, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -67.415063, "energy": 57.967144, "activity_lines": [ 17.628666, 17.851454, 18.170286, 18.183957 ] }, { "date": "2023-10-27", "close": 17.58, "volume": 7189242, "typical_volume": 14335053.2, "trend": 18.202, "fair_value": 22.224231, "relative_strength": -5.54889, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.858703, "energy": 52.629186, "activity_lines": [ 17.587333, 17.779636, 18.103, 18.140322 ] }, { "date": "2023-11-03", "close": 17.559999, "volume": 5961104, "typical_volume": 13332585.2, "trend": 18.151333, "fair_value": 22.149359, "relative_strength": -7.770735, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.065614, "energy": 45.998831, "activity_lines": [ 17.565333, 17.712545, 18.035809, 18.098903 ] }, { "date": "2023-11-10", "close": 17.459999, "volume": 7514536, "typical_volume": 13092962.6, "trend": 18.110666, "fair_value": 22.072692, "relative_strength": -9.036085, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.629355, "energy": 49.583268, "activity_lines": [ 17.517333, 17.634545, 17.965476, 18.054301 ] }, { "date": "2023-11-17", "close": 17.43, "volume": 11869210, "typical_volume": 12890477.9, "trend": 18.076333, "fair_value": 21.991731, "relative_strength": -11.831345, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.156914, "energy": 41.686616, "activity_lines": [ 17.470666, 17.570181, 17.895095, 18.010387 ] }, { "date": "2023-11-24", "close": 17.65, "volume": 9816927, "typical_volume": 12722382.6, "trend": 18.06, "fair_value": 21.90641, "relative_strength": -10.914958, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.905274, "energy": 32.737944, "activity_lines": [ 17.536666, 17.561454, 17.847619, 17.982882 ] }, { "date": "2023-12-01", "close": 17.030001, "volume": 14680994, "typical_volume": 12599294.6, "trend": 18.023, "fair_value": 21.823269, "relative_strength": -14.6431, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.770902, "energy": 45.501045, "activity_lines": [ 17.368, 17.454182, 17.741476, 17.91643 ] }, { "date": "2023-12-08", "close": 16.34, "volume": 18402075, "typical_volume": 12942822.55, "trend": 17.968, "fair_value": 21.734743, "relative_strength": -17.563246, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.553876, "energy": 69.855235, "activity_lines": [ 17.006, 17.238545, 17.577571, 17.807849 ] }, { "date": "2023-12-15", "close": 16.610001, "volume": 12684529, "typical_volume": 12128286.8, "trend": 17.925667, "fair_value": 21.643846, "relative_strength": -17.133577, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.512101, "energy": 69.055006, "activity_lines": [ 16.815334, 17.096182, 17.448143, 17.720237 ] }, { "date": "2023-12-22", "close": 15.96, "volume": 12879714, "typical_volume": 11266899.9, "trend": 17.888333, "fair_value": 21.55359, "relative_strength": -19.566656, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.144895, "energy": 83.081992, "activity_lines": [ 16.464667, 16.854182, 17.270524, 17.593419 ] }, { "date": "2023-12-29", "close": 16.290001, "volume": 13056580, "typical_volume": 10953344.5, "trend": 17.854667, "fair_value": 21.467308, "relative_strength": -18.932347, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.66635, "energy": 78.642691, "activity_lines": [ 16.322001, 16.709637, 17.142667, 17.490301 ] }, { "date": "2024-01-05", "close": 16.190001, "volume": 7100938, "typical_volume": 10430597.85, "trend": 17.794333, "fair_value": 21.380449, "relative_strength": -17.008399, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.134551, "energy": 74.979091, "activity_lines": [ 16.236667, 16.564001, 17.019524, 17.382903 ] }, { "date": "2024-01-12", "close": 15.91, "volume": 13070903, "typical_volume": 10494437.55, "trend": 17.694667, "fair_value": 21.295192, "relative_strength": -17.749995, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.229168, "energy": 77.055689, "activity_lines": [ 16.114001, 16.392728, 16.878524, 17.261333 ] }, { "date": "2024-01-19", "close": 15.0, "volume": 13565764, "typical_volume": 10692131.15, "trend": 17.593, "fair_value": 21.202564, "relative_strength": -22.503039, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.871059, "energy": 86.08682, "activity_lines": [ 15.716667, 16.086, 16.660619, 17.087484 ] }, { "date": "2024-01-26", "close": 15.7, "volume": 34296242, "typical_volume": 11588053.6, "trend": 17.521667, "fair_value": 21.11032, "relative_strength": -19.629165, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.47214, "energy": 66.075268, "activity_lines": [ 15.66, 15.951273, 16.526095, 16.965355 ] }, { "date": "2024-02-02", "close": 15.04, "volume": 25204588, "typical_volume": 12272053.6, "trend": 17.432, "fair_value": 21.006859, "relative_strength": -22.671978, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.300135, "energy": 72.918304, "activity_lines": [ 15.400667, 15.728, 16.341048, 16.805247 ] }, { "date": "2024-02-09", "close": 15.15, "volume": 3470691, "typical_volume": 11877229.75, "trend": 17.313667, "fair_value": 20.889744, "relative_strength": -21.661487, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.94871, "energy": 70.706975, "activity_lines": [ 15.261333, 15.572182, 16.182619, 16.658022 ] }, { "date": "2024-02-16", "close": 15.87, "volume": 12969169, "typical_volume": 12300540.25, "trend": 17.236667, "fair_value": 20.782756, "relative_strength": -19.583606, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.090815, "energy": 52.679488, "activity_lines": [ 15.431333, 15.581455, 16.106191, 16.564882 ] }, { "date": "2024-02-23", "close": 16.360001, "volume": 25385072, "typical_volume": 13164699.95, "trend": 17.132333, "fair_value": 20.670256, "relative_strength": -17.838157, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.640126, "energy": 36.506373, "activity_lines": [ 15.767334, 15.688364, 16.085, 16.508323 ] }, { "date": "2024-03-01", "close": 16.08, "volume": 11076591, "typical_volume": 13372509.3, "trend": 17.008, "fair_value": 20.547949, "relative_strength": -18.878054, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.102162, "energy": 23.551303, "activity_lines": [ 15.919334, 15.748909, 16.043191, 16.44043 ] }, { "date": "2024-03-08", "close": 15.76, "volume": 31088685, "typical_volume": 14564177.7, "trend": 16.890667, "fair_value": 20.44, "relative_strength": -23.403374, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.392249, "energy": 23.926618, "activity_lines": [ 15.939334, 15.749091, 15.980143, 16.359914 ] }, { "date": "2024-03-15", "close": 16.15, "volume": 51894689, "typical_volume": 16799450.05, "trend": 16.827667, "fair_value": 20.343526, "relative_strength": -20.576973, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.880783, "energy": 21.492475, "activity_lines": [ 16.041333, 15.829818, 15.961238, 16.312129 ] }, { "date": "2024-03-22", "close": 16.26, "volume": 17938263, "typical_volume": 17398308.0, "trend": 16.771, "fair_value": 20.242628, "relative_strength": -21.661054, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.231505, "energy": 16.636039, "activity_lines": [ 16.113333, 15.931273, 15.959619, 16.275506 ] }, { "date": "2024-03-29", "close": 16.51, "volume": 8232299, "typical_volume": 17434196.15, "trend": 16.704333, "fair_value": 20.148782, "relative_strength": -20.120868, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.225442, "energy": 9.616667, "activity_lines": [ 16.242667, 16.071818, 15.988, 16.258667 ] }, { "date": "2024-04-05", "close": 16.690001, "volume": 6041400, "typical_volume": 17142805.65, "trend": 16.651, "fair_value": 20.062628, "relative_strength": -18.832522, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.264125, "energy": 14.820118, "activity_lines": [ 16.422, 16.217637, 16.038048, 16.257742 ] }, { "date": "2024-04-12", "close": 17.059999, "volume": 30392180, "typical_volume": 18171568.3, "trend": 16.605333, "fair_value": 19.976346, "relative_strength": -18.084128, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.08177, "energy": 35.254159, "activity_lines": [ 16.684, 16.412727, 16.126857, 16.284129 ] }, { "date": "2024-04-19", "close": 16.42, "volume": 38427537, "typical_volume": 19358895.45, "trend": 16.553667, "fair_value": 19.887372, "relative_strength": -15.721612, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 17.681994, "energy": 33.358012, "activity_lines": [ 16.646, 16.454727, 16.157524, 16.272172 ] }, { "date": "2024-04-26", "close": 18.1, "volume": 37277310, "typical_volume": 20302657.2, "trend": 16.568, "fair_value": 19.809423, "relative_strength": -9.376041, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 48.458149, "energy": 62.565248, "activity_lines": [ 17.15, 16.779091, 16.351095, 16.371936 ] }, { "date": "2024-05-03", "close": 18.76, "volume": 32199801, "typical_volume": 21278420.8, "trend": 16.605667, "fair_value": 19.735897, "relative_strength": -6.610048, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 62.940266, "energy": 77.975763, "activity_lines": [ 17.751333, 17.182909, 16.599143, 16.513355 ] }, { "date": "2024-05-10", "close": 19.26, "volume": 30927947, "typical_volume": 22180832.45, "trend": 16.647, "fair_value": 19.665577, "relative_strength": -5.449424, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 89.527324, "energy": 93.986048, "activity_lines": [ 18.369333, 17.634, 16.884571, 16.684602 ] }, { "date": "2024-05-17", "close": 19.950001, "volume": 28673171, "typical_volume": 22961662.0, "trend": 16.737667, "fair_value": 19.606795, "relative_strength": -4.281795, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.123107, "energy": 95.965444, "activity_lines": [ 19.046, 18.152727, 17.22, 16.897699 ] }, { "date": "2024-05-24", "close": 19.1, "volume": 33512800, "typical_volume": 24282255.1, "trend": 16.788333, "fair_value": 19.55282, "relative_strength": -9.398969, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.779168, "energy": 87.544868, "activity_lines": [ 19.246667, 18.440727, 17.457048, 17.050108 ] }, { "date": "2024-05-31", "close": 18.91, "volume": 20710704, "typical_volume": 24664245.15, "trend": 16.833333, "fair_value": 19.489359, "relative_strength": -8.386651, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.309282, "energy": 85.153338, "activity_lines": [ 19.205334, 18.640546, 17.662143, 17.186989 ] }, { "date": "2024-06-07", "close": 18.76, "volume": 20147176, "typical_volume": 24993315.75, "trend": 16.876667, "fair_value": 19.422692, "relative_strength": -11.595862, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.804432, "energy": 62.422169, "activity_lines": [ 19.06, 18.764909, 17.838667, 17.31129 ] }, { "date": "2024-06-14", "close": 18.66, "volume": 29125967, "typical_volume": 24734802.0, "trend": 16.917667, "fair_value": 19.354936, "relative_strength": -14.143518, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.44011, "energy": 52.794412, "activity_lines": [ 18.881333, 18.830182, 17.987762, 17.426344 ] }, { "date": "2024-06-21", "close": 18.59, "volume": 17185260, "typical_volume": 24333835.6, "trend": 16.949, "fair_value": 19.288846, "relative_strength": -16.805617, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.816992, "energy": 40.548205, "activity_lines": [ 18.719333, 18.846909, 18.116095, 17.534237 ] }, { "date": "2024-06-28", "close": 18.280001, "volume": 40596906, "typical_volume": 26190146.35, "trend": 16.990667, "fair_value": 19.221282, "relative_strength": -16.97384, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.851576, "energy": 31.499663, "activity_lines": [ 18.544667, 18.779455, 18.198, 17.620108 ] }, { "date": "2024-07-05", "close": 18.52, "volume": 14770420, "typical_volume": 26280208.9, "trend": 17.063334, "fair_value": 19.151026, "relative_strength": -17.293953, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.606735, "energy": 26.738136, "activity_lines": [ 18.504667, 18.721818, 18.287857, 17.718774 ] }, { "date": "2024-07-12", "close": 19.139999, "volume": 24503569, "typical_volume": 26236133.75, "trend": 17.147667, "fair_value": 19.088397, "relative_strength": -15.330491, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.529286, "energy": 33.271113, "activity_lines": [ 18.697333, 18.769273, 18.424143, 17.852753 ] }, { "date": "2024-07-19", "close": 18.190001, "volume": 16118613, "typical_volume": 26488234.85, "trend": 17.222, "fair_value": 19.02859, "relative_strength": -15.37822, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.425589, "energy": 23.53837, "activity_lines": [ 18.548, 18.637091, 18.456714, 17.92 ] }, { "date": "2024-07-26", "close": 17.889999, "volume": 10523804, "typical_volume": 25459990.8, "trend": 17.275333, "fair_value": 18.961282, "relative_strength": -13.387755, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.364911, "energy": 16.598822, "activity_lines": [ 18.33, 18.469818, 18.450667, 17.963097 ] }, { "date": "2024-08-02", "close": 17.719999, "volume": 15068518, "typical_volume": 23618682.25, "trend": 17.326333, "fair_value": 18.89859, "relative_strength": -11.65342, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.112989, "energy": 11.316212, "activity_lines": [ 18.101999, 18.309091, 18.418286, 17.991785 ] }, { "date": "2024-08-09", "close": 17.93, "volume": 18960267, "typical_volume": 23669782.45, "trend": 17.393667, "fair_value": 18.854423, "relative_strength": -9.288466, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.862997, "energy": 17.41797, "activity_lines": [ 17.981333, 18.211636, 18.398429, 18.030731 ] }, { "date": "2024-08-16", "close": 18.23, "volume": 12118420, "typical_volume": 23864088.5, "trend": 17.501333, "fair_value": 18.810641, "relative_strength": -10.871934, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.26147, "energy": 16.600889, "activity_lines": [ 18.0, 18.186545, 18.39919, 18.084688 ] }, { "date": "2024-08-23", "close": 18.190001, "volume": 11428124, "typical_volume": 24133424.7, "trend": 17.584333, "fair_value": 18.767244, "relative_strength": -9.790288, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.630322, "energy": 12.245225, "activity_lines": [ 18.066, 18.163818, 18.387952, 18.129118 ] }, { "date": "2024-08-30", "close": 18.120001, "volume": 14089003, "typical_volume": 23318265.85, "trend": 17.687, "fair_value": 18.737436, "relative_strength": -10.014192, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.023406, "energy": 7.412562, "activity_lines": [ 18.108667, 18.136909, 18.362905, 18.163678 ] }, { "date": "2024-09-06", "close": 17.559999, "volume": 8380972, "typical_volume": 21815937.6, "trend": 17.767333, "fair_value": 18.694295, "relative_strength": -8.855887, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.250732, "energy": 9.017423, "activity_lines": [ 17.949333, 18.016727, 18.279476, 18.155484 ] }, { "date": "2024-09-13", "close": 17.700001, "volume": 5623549, "typical_volume": 20233249.55, "trend": 17.828333, "fair_value": 18.648269, "relative_strength": -8.961994, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.984553, "energy": 10.825176, "activity_lines": [ 17.847334, 17.935091, 18.203952, 18.15114 ] }, { "date": "2024-09-20", "close": 18.41, "volume": 8759279, "typical_volume": 19061223.45, "trend": 17.896667, "fair_value": 18.605769, "relative_strength": -6.477689, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.119488, "energy": 12.350082, "activity_lines": [ 17.997334, 17.997455, 18.197952, 18.188667 ] }, { "date": "2024-09-27", "close": 21.23, "volume": 79811238, "typical_volume": 21505388.0, "trend": 18.068333, "fair_value": 18.589359, "relative_strength": 5.054883, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 78.348369, "energy": 60.380971, "activity_lines": [ 19.075333, 18.585818, 18.462191, 18.403721 ] }, { "date": "2024-10-04", "close": 24.370001, "volume": 68845828, "typical_volume": 23514020.85, "trend": 18.355333, "fair_value": 18.595705, "relative_strength": 23.33662, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.329036, "energy": 93.241254, "activity_lines": [ 20.997334, 19.689819, 19.016095, 18.81028 ] }, { "date": "2024-10-11", "close": 22.33, "volume": 120832595, "typical_volume": 27880010.6, "trend": 18.561333, "fair_value": 18.591282, "relative_strength": 10.292928, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.236604, "energy": 87.186909, "activity_lines": [ 21.822667, 20.305091, 19.354667, 19.06671 ] }, { "date": "2024-10-18", "close": 21.57, "volume": 36644538, "typical_volume": 28676702.3, "trend": 18.738333, "fair_value": 18.5775, "relative_strength": 4.176462, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.83176, "energy": 84.493965, "activity_lines": [ 22.076667, 20.698364, 19.605476, 19.260817 ] }, { "date": "2024-10-25", "close": 21.65, "volume": 24378688, "typical_volume": 28888277.9, "trend": 18.909667, "fair_value": 18.559487, "relative_strength": 5.558319, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.832992, "energy": 83.066423, "activity_lines": [ 22.099333, 21.04, 19.851238, 19.448667 ] }, { "date": "2024-11-01", "close": 21.34, "volume": 16058343, "typical_volume": 28234896.7, "trend": 19.064667, "fair_value": 18.532692, "relative_strength": 6.940104, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.451303, "energy": 53.231016, "activity_lines": [ 21.802667, 21.263091, 20.053714, 19.605462 ] }, { "date": "2024-11-08", "close": 21.99, "volume": 28999993, "typical_volume": 28825633.35, "trend": 19.229, "fair_value": 18.516282, "relative_strength": 6.842151, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.435085, "energy": 47.274101, "activity_lines": [ 21.715333, 21.547091, 20.305333, 19.794194 ] }, { "date": "2024-11-15", "close": 20.540001, "volume": 21474271, "typical_volume": 27869501.6, "trend": 19.366333, "fair_value": 18.492628, "relative_strength": 3.606483, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.058035, "energy": 31.753452, "activity_lines": [ 21.303334, 21.497091, 20.402667, 19.878774 ] }, { "date": "2024-11-22", "close": 20.209999, "volume": 12441757, "typical_volume": 27753068.45, "trend": 19.436667, "fair_value": 18.464038, "relative_strength": 1.533355, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.910061, "energy": 22.264414, "activity_lines": [ 20.900667, 21.332909, 20.45781, 19.933204 ] }, { "date": "2024-11-29", "close": 20.200001, "volume": 15608022, "typical_volume": 27308291.1, "trend": 19.484667, "fair_value": 18.439231, "relative_strength": 4.569042, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.762987, "energy": 21.107378, "activity_lines": [ 20.585334, 21.121273, 20.503953, 19.982452 ] }, { "date": "2024-12-06", "close": 20.620001, "volume": 15718853, "typical_volume": 27288303.1, "trend": 19.53, "fair_value": 18.422308, "relative_strength": 2.575234, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.074535, "energy": 21.931282, "activity_lines": [ 20.506667, 20.953455, 20.585048, 20.055699 ] }, { "date": "2024-12-13", "close": 21.01, "volume": 20187696, "typical_volume": 27771497.7, "trend": 19.565333, "fair_value": 18.413782, "relative_strength": 5.363231, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.576394, "energy": 19.28027, "activity_lines": [ 20.606, 20.867637, 20.691715, 20.151183 ] }, { "date": "2024-12-20", "close": 20.969999, "volume": 9099494, "typical_volume": 27473046.5, "trend": 19.627667, "fair_value": 18.403782, "relative_strength": 7.487641, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.980913, "energy": 15.647028, "activity_lines": [ 20.757333, 20.835636, 20.779714, 20.241807 ] }, { "date": "2024-12-27", "close": 21.209999, "volume": 9349265, "typical_volume": 26992496.4, "trend": 19.704333, "fair_value": 18.403846, "relative_strength": 5.136164, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.580831, "energy": 23.204354, "activity_lines": [ 20.96, 20.872, 20.875095, 20.343893 ] }, { "date": "2025-01-03", "close": 20.82, "volume": 6005250, "typical_volume": 26686837.9, "trend": 19.773, "fair_value": 18.401282, "relative_strength": 4.89362, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.727912, "energy": 23.879259, "activity_lines": [ 20.966, 20.844, 20.917714, 20.415871 ] }, { "date": "2025-01-10", "close": 19.92, "volume": 8671442, "typical_volume": 26549003.8, "trend": 19.815, "fair_value": 18.396026, "relative_strength": 0.002752, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 9.378162, "energy": 10.750185, "activity_lines": [ 20.630666, 20.667454, 20.862286, 20.425355 ] }, { "date": "2025-01-17", "close": 20.33, "volume": 7841551, "typical_volume": 26236631.2, "trend": 19.873, "fair_value": 18.391795, "relative_strength": 1.393051, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 12.391908, "energy": 12.730562, "activity_lines": [ 20.478666, 20.591273, 20.837667, 20.458581 ] }, { "date": "2025-01-24", "close": 20.450001, "volume": 8529158, "typical_volume": 26244040.5, "trend": 19.945333, "fair_value": 18.38391, "relative_strength": 0.36278, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 11.502441, "energy": 15.177961, "activity_lines": [ 20.412, 20.567091, 20.813952, 20.495807 ] }, { "date": "2025-02-07", "close": 22.49, "volume": 28337422, "typical_volume": 27379734.15, "trend": 20.077667, "fair_value": 18.386346, "relative_strength": 10.289727, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.866208, "energy": 27.151058, "activity_lines": [ 21.06, 20.915455, 20.970762, 20.659979 ] }, { "date": "2025-02-14", "close": 23.98, "volume": 40393104, "typical_volume": 28961425.4, "trend": 20.239, "fair_value": 18.403333, "relative_strength": 18.728772, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 82.521844, "energy": 76.723719, "activity_lines": [ 22.119334, 21.493273, 21.246667, 20.911742 ] }, { "date": "2025-02-21", "close": 25.32, "volume": 55121683, "typical_volume": 27726947.65, "trend": 20.476667, "fair_value": 18.424231, "relative_strength": 21.737168, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.680982, "energy": 94.919612, "activity_lines": [ 23.414667, 22.246, 21.623667, 21.239548 ] }, { "date": "2025-02-28", "close": 25.450001, "volume": 38887773, "typical_volume": 26229044.9, "trend": 20.728667, "fair_value": 18.446731, "relative_strength": 25.30202, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.73777, "energy": 94.661108, "activity_lines": [ 24.393334, 22.936909, 21.993572, 21.560409 ] }, { "date": "2025-03-07", "close": 26.85, "volume": 67916043, "typical_volume": 23583217.3, "trend": 21.033, "fair_value": 18.490064, "relative_strength": 33.993796, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.955772, "energy": 96.180211, "activity_lines": [ 25.497334, 23.801637, 22.491667, 21.955333 ] }, { "date": "2025-03-14", "close": 26.27, "volume": 41231906, "typical_volume": 23812585.7, "trend": 21.311, "fair_value": 18.535385, "relative_strength": 33.572307, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.015016, "energy": 90.752062, "activity_lines": [ 25.981334, 24.454, 22.913, 22.293204 ] }, { "date": "2025-03-21", "close": 25.950001, "volume": 44624995, "typical_volume": 24824901.05, "trend": 21.568334, "fair_value": 18.591474, "relative_strength": 29.545022, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.094851, "energy": 84.321936, "activity_lines": [ 26.106667, 24.956182, 23.281476, 22.592495 ] }, { "date": "2025-03-28", "close": 25.48, "volume": 19449478, "typical_volume": 24994457.8, "trend": 21.811333, "fair_value": 18.639359, "relative_strength": 29.729068, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.190192, "energy": 66.235158, "activity_lines": [ 25.944, 25.279637, 23.584714, 22.84486 ] }, { "date": "2025-04-04", "close": 25.42, "volume": 9022279, "typical_volume": 23995572.1, "trend": 22.054667, "fair_value": 18.68359, "relative_strength": 30.228239, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.050237, "energy": 60.140627, "activity_lines": [ 25.750667, 25.491091, 23.862524, 23.077678 ] }, { "date": "2025-04-11", "close": 22.309999, "volume": 48135746, "typical_volume": 25328645.85, "trend": 22.213, "fair_value": 18.706282, "relative_strength": 23.815562, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 30.040663, "energy": 24.971131, "activity_lines": [ 24.522666, 25.044545, 23.82781, 23.094151 ] }, { "date": "2025-04-18", "close": 22.530001, "volume": 18140659, "typical_volume": 25613590.95, "trend": 22.374, "fair_value": 18.729936, "relative_strength": 25.015584, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.265324, "energy": 23.130143, "activity_lines": [ 23.670667, 24.604182, 23.805619, 23.114602 ] }, { "date": "2025-04-25", "close": 23.690001, "volume": 20158689, "typical_volume": 25841124.3, "trend": 22.55, "fair_value": 18.763462, "relative_strength": 27.366623, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.733765, "energy": 25.870481, "activity_lines": [ 23.454667, 24.374, 23.882857, 23.199506 ] }, { "date": "2025-05-02", "close": 23.17, "volume": 12612520, "typical_volume": 25685807.65, "trend": 22.614667, "fair_value": 18.800641, "relative_strength": 18.564428, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.884317, "energy": 25.008721, "activity_lines": [ 23.216, 24.054546, 23.893953, 23.239506 ] }, { "date": "2025-05-09", "close": 22.51, "volume": 26635439, "typical_volume": 26008194.8, "trend": 22.552667, "fair_value": 18.826282, "relative_strength": 14.12711, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.065467, "energy": 18.172542, "activity_lines": [ 22.911334, 23.654182, 23.830048, 23.232753 ] }, { "date": "2025-05-16", "close": 22.950001, "volume": 28281451, "typical_volume": 26967292.65, "trend": 22.573334, "fair_value": 18.859808, "relative_strength": 11.137821, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.605299, "energy": 14.74864, "activity_lines": [ 22.947334, 23.387273, 23.800905, 23.258387 ] }, { "date": "2025-05-23", "close": 22.969999, "volume": 16225017, "typical_volume": 27311080.25, "trend": 22.62, "fair_value": 18.897115, "relative_strength": 11.939458, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.937312, "energy": 14.658019, "activity_lines": [ 22.947333, 23.194909, 23.764238, 23.283979 ] }, { "date": "2025-05-30", "close": 22.58, "volume": 6805400, "typical_volume": 27351087.75, "trend": 22.651, "fair_value": 18.926474, "relative_strength": 11.222417, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -0.076041, "energy": 17.961431, "activity_lines": [ 22.788, 22.991636, 23.682048, 23.281398 ] }, { "date": "2025-06-06", "close": 22.629999, "volume": 12568657, "typical_volume": 27545948.5, "trend": 22.694, "fair_value": 18.957436, "relative_strength": 9.520182, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 0.22426, "energy": 15.480513, "activity_lines": [ 22.719333, 22.858727, 23.596238, 23.280043 ] }, { "date": "2025-06-13", "close": 22.360001, "volume": 23395761, "typical_volume": 28323659.0, "trend": 22.706333, "fair_value": 18.982821, "relative_strength": 5.861976, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -21.8464, "energy": 26.756751, "activity_lines": [ 22.596667, 22.728546, 23.47181, 23.258495 ] }, { "date": "2025-06-20", "close": 21.969999, "volume": 14463184, "typical_volume": 28620360.3, "trend": 22.754, "fair_value": 18.994808, "relative_strength": 3.794718, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -26.937695, "energy": 35.260236, "activity_lines": [ 22.354, 22.583091, 23.300571, 23.210989 ] }, { "date": "2025-06-27", "close": 22.129999, "volume": 15692738, "typical_volume": 27988126.1, "trend": 22.818, "fair_value": 19.011795, "relative_strength": 1.708572, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.7374, "energy": 33.107507, "activity_lines": [ 22.229999, 22.472909, 23.137333, 23.170731 ] }, { "date": "2025-07-04", "close": 21.85, "volume": 11167773, "typical_volume": 26526859.55, "trend": 22.873, "fair_value": 19.021987, "relative_strength": 0.216018, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.941736, "energy": 37.144557, "activity_lines": [ 22.068666, 22.319091, 22.949143, 23.10828 ] }, { "date": "2025-07-11", "close": 22.4, "volume": 7547941, "typical_volume": 24148172.45, "trend": 22.932333, "fair_value": 19.037564, "relative_strength": 1.419398, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.249252, "energy": 44.027942, "activity_lines": [ 22.139333, 22.298727, 22.823476, 23.077763 ] }, { "date": "2025-07-18", "close": 23.110001, "volume": 17741027, "typical_volume": 23090835.15, "trend": 23.002333, "fair_value": 19.055577, "relative_strength": 1.427696, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -14.075655, "energy": 16.294902, "activity_lines": [ 22.462, 22.421454, 22.779333, 23.089226 ] }, { "date": "2025-07-25", "close": 24.02, "volume": 16625440, "typical_volume": 20526305.0, "trend": 23.104, "fair_value": 19.088333, "relative_strength": 5.023937, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 17.809749, "energy": 16.080504, "activity_lines": [ 23.038, 22.698727, 22.833, 23.154882 ] }, { "date": "2025-08-01", "close": 23.57, "volume": 15414246, "typical_volume": 19235422.0, "trend": 23.182667, "fair_value": 19.116603, "relative_strength": 2.352442, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.33885, "energy": 26.03101, "activity_lines": [ 23.327334, 22.874727, 22.857286, 23.184946 ] }, { "date": "2025-08-08", "close": 23.719999, "volume": 22181509, "typical_volume": 18113247.7, "trend": 23.279333, "fair_value": 19.15141, "relative_strength": 0.156925, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.710788, "energy": 30.217025, "activity_lines": [ 23.570666, 23.067091, 22.908714, 23.219613 ] }, { "date": "2025-08-15", "close": 24.299999, "volume": 40662248, "typical_volume": 19173886.2, "trend": 23.425333, "fair_value": 19.189872, "relative_strength": 0.963424, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.771853, "energy": 47.71942, "activity_lines": [ 23.882666, 23.344182, 23.026, 23.285462 ] }, { "date": "2025-08-22", "close": 24.9, "volume": 30827493, "typical_volume": 20264146.9, "trend": 23.577667, "fair_value": 19.23282, "relative_strength": 5.461904, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.0986, "energy": 60.72585, "activity_lines": [ 24.268, 23.7, 23.206047, 23.380602 ] }, { "date": "2025-08-29", "close": 25.040001, "volume": 27781020, "typical_volume": 19246410.6, "trend": 23.730667, "fair_value": 19.278269, "relative_strength": 3.578147, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.068063, "energy": 62.775374, "activity_lines": [ 24.580667, 24.035091, 23.401905, 23.474946 ] }, { "date": "2025-09-05", "close": 25.299999, "volume": 41571512, "typical_volume": 20417953.25, "trend": 23.824333, "fair_value": 19.320833, "relative_strength": 3.100872, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.346195, "energy": 69.120371, "activity_lines": [ 24.912, 24.361636, 23.609524, 23.576193 ] }, { "date": "2025-09-12", "close": 26.690001, "volume": 31581431, "typical_volume": 20989090.35, "trend": 23.914667, "fair_value": 19.374295, "relative_strength": 4.12419, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 62.885804, "energy": 80.555643, "activity_lines": [ 25.591334, 24.883273, 23.936333, 23.761075 ] }, { "date": "2025-09-19", "close": 26.77, "volume": 77714081, "typical_volume": 24244168.4, "trend": 23.963, "fair_value": 19.430513, "relative_strength": 3.55133, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 57.034881, "energy": 82.431677, "activity_lines": [ 26.099334, 25.331455, 24.256476, 23.94529 ] }, { "date": "2025-09-26", "close": 27.07, "volume": 29377932, "typical_volume": 24381293.05, "trend": 24.017, "fair_value": 19.488013, "relative_strength": 4.252643, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 81.236719, "energy": 91.61814, "activity_lines": [ 26.542667, 25.754727, 24.588048, 24.145742 ] }, { "date": "2025-10-03", "close": 28.059999, "volume": 19323049, "typical_volume": 23933372.95, "trend": 24.057333, "fair_value": 19.557308, "relative_strength": 3.066288, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.726953, "energy": 94.519269, "activity_lines": [ 27.171333, 26.286, 24.99219, 24.406581 ] }, { "date": "2025-10-10", "close": 27.99, "volume": 16044637, "typical_volume": 23924353.95, "trend": 24.114667, "fair_value": 19.630449, "relative_strength": 0.901221, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.95793, "energy": 90.916891, "activity_lines": [ 27.575333, 26.731091, 25.365333, 24.660301 ] }, { "date": "2025-10-17", "close": 26.120001, "volume": 28070627, "typical_volume": 24987615.3, "trend": 24.120333, "fair_value": 19.68891, "relative_strength": -5.808786, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.724317, "energy": 65.055135, "activity_lines": [ 27.176667, 26.755818, 25.536476, 24.789677 ] }, { "date": "2025-10-24", "close": 26.629999, "volume": 14736883, "typical_volume": 25096026.6, "trend": 24.158667, "fair_value": 19.756218, "relative_strength": -4.859538, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.823823, "energy": 58.1916, "activity_lines": [ 26.986, 26.829636, 25.739333, 24.951591 ] }, { "date": "2025-10-31", "close": 26.99, "volume": 17124333, "typical_volume": 24782455.2, "trend": 24.211, "fair_value": 19.831603, "relative_strength": -6.018864, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.983477, "energy": 46.07935, "activity_lines": [ 26.924667, 26.926545, 25.957428, 25.134258 ] }, { "date": "2025-11-07", "close": 26.99, "volume": 13353939, "typical_volume": 24726992.95, "trend": 24.367, "fair_value": 19.916474, "relative_strength": -4.112218, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.15205, "energy": 37.235862, "activity_lines": [ 26.868667, 26.985454, 26.153476, 25.313548 ] }, { "date": "2025-11-14", "close": 27.42, "volume": 12757980, "typical_volume": 24580255.05, "trend": 24.53, "fair_value": 19.992628, "relative_strength": -1.806431, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.862798, "energy": 45.23584, "activity_lines": [ 27.027333, 27.087091, 26.366571, 25.510516 ] }, { "date": "2025-11-21", "close": 26.040001, "volume": 10042564, "typical_volume": 24523994.6, "trend": 24.608333, "fair_value": 20.060192, "relative_strength": -3.501961, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.276675, "energy": 34.224718, "activity_lines": [ 26.764, 26.899273, 26.423048, 25.607935 ] }, { "date": "2025-11-28", "close": 26.530001, "volume": 9818580, "typical_volume": 24637526.55, "trend": 24.720333, "fair_value": 20.122308, "relative_strength": -6.064386, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.437549, "energy": 29.065406, "activity_lines": [ 26.669334, 26.812364, 26.506238, 25.731914 ] }, { "date": "2025-12-05", "close": 26.629999, "volume": 13477643, "typical_volume": 24424357.35, "trend": 24.857667, "fair_value": 20.190897, "relative_strength": -6.982236, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.745957, "energy": 24.642502, "activity_lines": [ 26.614667, 26.748, 26.579286, 25.855118 ] }, { "date": "2025-12-12", "close": 26.450001, "volume": 15443770, "typical_volume": 24365273.85, "trend": 24.974333, "fair_value": 20.250705, "relative_strength": -8.406656, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.964797, "energy": 19.654879, "activity_lines": [ 26.524, 26.658909, 26.618429, 25.95785 ] }, { "date": "2025-12-19", "close": 26.139999, "volume": 10037180, "typical_volume": 24096420.55, "trend": 25.08, "fair_value": 20.299872, "relative_strength": -7.894414, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.121043, "energy": 13.419669, "activity_lines": [ 26.366, 26.542727, 26.616476, 26.033054 ] }, { "date": "2025-12-26", "close": 26.110001, "volume": 3801503, "typical_volume": 23177420.25, "trend": 25.197667, "fair_value": 20.351346, "relative_strength": -10.740874, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.305559, "energy": 12.821354, "activity_lines": [ 26.283334, 26.454727, 26.599429, 26.099505 ] }, { "date": "2026-01-02", "close": 26.5, "volume": 8014678, "typical_volume": 21545041.75, "trend": 25.326667, "fair_value": 20.404936, "relative_strength": -11.843961, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.780698, "energy": 11.889892, "activity_lines": [ 26.326, 26.437818, 26.608143, 26.183527 ] }, { "date": "2026-01-09", "close": 26.610001, "volume": 25508983, "typical_volume": 21279116.25, "trend": 25.468333, "fair_value": 20.458141, "relative_strength": -14.173939, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.582477, "energy": 9.694217, "activity_lines": [ 26.407334, 26.443273, 26.616857, 26.266323 ] }, { "date": "2026-01-16", "close": 27.190001, "volume": 21092122, "typical_volume": 20944671.35, "trend": 25.642333, "fair_value": 20.505641, "relative_strength": -15.429755, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.311268, "energy": 25.469834, "activity_lines": [ 26.683334, 26.561091, 26.672667, 26.377398 ] }, { "date": "2026-01-23", "close": 26.99, "volume": 8231328, "typical_volume": 19277662.15, "trend": 25.804333, "fair_value": 20.549359, "relative_strength": -17.451379, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 42.226961, "energy": 29.087563, "activity_lines": [ 26.843334, 26.638909, 26.699191, 26.464344 ] }, { "date": "2026-01-30", "close": 27.299999, "volume": 11864446, "typical_volume": 18291812.9, "trend": 25.986, "fair_value": 20.595385, "relative_strength": -16.741564, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 58.773143, "energy": 44.16931, "activity_lines": [ 27.05, 26.780909, 26.747191, 26.560839 ] }, { "date": "2026-02-06", "close": 26.030001, "volume": 14885442, "typical_volume": 15150380.95, "trend": 26.107, "fair_value": 20.634231, "relative_strength": -19.703557, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 21.646996, "energy": 17.195552, "activity_lines": [ 26.754, 26.669091, 26.671334, 26.563678 ] }, { "date": "2026-02-13", "close": 26.540001, "volume": 6385006, "typical_volume": 14000734.65, "trend": 26.221333, "fair_value": 20.677821, "relative_strength": -22.210191, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.814041, "energy": 16.19162, "activity_lines": [ 26.659334, 26.659091, 26.647572, 26.591613 ] }, { "date": "2026-02-27", "close": 25.08, "volume": 19920849, "typical_volume": 14030624.65, "trend": 26.256667, "fair_value": 20.71218, "relative_strength": -29.766675, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -41.011862, "energy": 30.637937, "activity_lines": [ 26.082667, 26.385273, 26.487286, 26.517979 ] }, { "date": "2026-03-06", "close": 24.280001, "volume": 39918289, "typical_volume": 15224307.25, "trend": 26.280333, "fair_value": 20.748397, "relative_strength": -27.809149, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -53.220275, "energy": 63.363295, "activity_lines": [ 25.380001, 25.99091, 26.265, 26.390452 ] }, { "date": "2026-03-13", "close": 24.93, "volume": 13034464, "typical_volume": 14472499.1, "trend": 26.320667, "fair_value": 20.785, "relative_strength": -24.794488, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -65.159973, "energy": 72.790528, "activity_lines": [ 25.074667, 25.748546, 26.122286, 26.303334 ] }, { "date": "2026-03-20", "close": 24.290001, "volume": 10778445, "typical_volume": 14274577.2, "trend": 26.320334, "fair_value": 20.825897, "relative_strength": -26.365738, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.937024, "energy": 80.584698, "activity_lines": [ 24.714001, 25.411273, 25.924286, 26.172323 ] }, { "date": "2026-03-27", "close": 23.860001, "volume": 10610058, "typical_volume": 13948863.45, "trend": 26.285667, "fair_value": 20.862436, "relative_strength": -26.07976, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.405287, "energy": 82.708428, "activity_lines": [ 24.326001, 25.036001, 25.696477, 26.013592 ] }, { "date": "2026-04-03", "close": 23.639999, "volume": 5132209, "typical_volume": 13537776.95, "trend": 26.239, "fair_value": 20.89468, "relative_strength": -24.874376, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.636026, "energy": 79.213051, "activity_lines": [ 24.043334, 24.670728, 25.462619, 25.842904 ] }, { "date": "2026-04-10", "close": 24.25, "volume": 4620529, "typical_volume": 13130904.4, "trend": 26.204, "fair_value": 20.926987, "relative_strength": -28.401807, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.727593, "energy": 67.571116, "activity_lines": [ 24.06, 24.480909, 25.30281, 25.714581 ] }, { "date": "2026-04-17", "close": 24.700001, "volume": 6842236, "typical_volume": 12970888.0, "trend": 26.137667, "fair_value": 20.963013, "relative_strength": -29.149004, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.109057, "energy": 48.80355, "activity_lines": [ 24.228667, 24.422728, 25.200953, 25.617549 ] }, { "date": "2026-04-24", "close": 24.17, "volume": 11235147, "typical_volume": 13041716.35, "trend": 26.051, "fair_value": 20.998205, "relative_strength": -33.731312, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.548202, "energy": 44.106994, "activity_lines": [ 24.236, 24.315455, 25.055, 25.490602 ] }, { "date": "2026-05-01", "close": 23.73, "volume": 9640435, "typical_volume": 12849855.95, "trend": 25.939667, "fair_value": 21.031987, "relative_strength": -34.140575, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.929658, "energy": 43.303887, "activity_lines": [ 24.104667, 24.162, 24.878381, 25.340861 ] }, { "date": "2026-05-08", "close": 24.299999, "volume": 9280407, "typical_volume": 12541687.8, "trend": 25.814334, "fair_value": 21.071474, "relative_strength": -36.195363, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.746179, "energy": 33.225521, "activity_lines": [ 24.172, 24.163273, 24.769857, 25.235075 ] }, { "date": "2026-05-15", "close": 24.01, "volume": 11180403, "typical_volume": 12598848.95, "trend": 25.681667, "fair_value": 21.109103, "relative_strength": -35.629166, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.596237, "energy": 39.343769, "activity_lines": [ 24.098666, 24.126, 24.643953, 25.118667 ] }, { "date": "2026-05-22", "close": 23.26, "volume": 18967224, "typical_volume": 13357135.0, "trend": 25.586334, "fair_value": 21.142885, "relative_strength": -38.604231, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.290433, "energy": 47.491842, "activity_lines": [ 23.791333, 23.957273, 24.456762, 24.96243 ] }, { "date": "2026-05-29", "close": 22.719999, "volume": 18434908, "typical_volume": 13878146.5, "trend": 25.456, "fair_value": 21.17391, "relative_strength": -42.653858, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.848758, "energy": 63.832187, "activity_lines": [ 23.4, 23.720727, 24.231714, 24.777505 ] }, { "date": "2026-06-05", "close": 23.01, "volume": 1263010, "typical_volume": 12665847.85, "trend": 25.323334, "fair_value": 21.211923, "relative_strength": -41.664301, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.941809, "energy": 73.129995, "activity_lines": [ 23.202, 23.565454, 24.052286, 24.619699 ] }, { "date": "2026-06-12", "close": 22.85, "volume": 1047360, "typical_volume": 11663609.75, "trend": 25.185334, "fair_value": 21.2475, "relative_strength": -40.193917, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.560537, "energy": 78.935776, "activity_lines": [ 22.998666, 23.396545, 23.874762, 24.460129 ] }, { "date": "2026-06-19", "close": 21.76, "volume": 13029601, "typical_volume": 11903523.4, "trend": 24.996667, "fair_value": 21.271603, "relative_strength": -45.19762, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.471869, "energy": 89.13549, "activity_lines": [ 22.528667, 23.043818, 23.614095, 24.23914 ] }, { "date": "2026-06-26", "close": 20.26, "volume": 7373995, "typical_volume": 11679000.85, "trend": 24.804, "fair_value": 21.280321, "relative_strength": -46.150964, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -94.740181, "energy": 96.001337, "activity_lines": [ 21.708667, 22.463636, 23.235476, 23.933548 ] }, { "date": "2026-07-03", "close": 21.299999, "volume": 1636163, "typical_volume": 11016536.9, "trend": 24.629667, "fair_value": 21.301154, "relative_strength": -45.407228, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.354983, "energy": 87.813328, "activity_lines": [ 21.435333, 22.153272, 22.989428, 23.707484 ] }, { "date": "2026-07-10", "close": 22.48, "volume": 10239415, "typical_volume": 11209257.35, "trend": 24.491333, "fair_value": 21.330898, "relative_strength": -39.915394, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.38956, "energy": 69.380278, "activity_lines": [ 21.65, 22.109636, 22.878286, 23.568796 ] }, { "date": "2026-07-17", "close": 22.709999, "volume": 15715988, "typical_volume": 10999014.3, "trend": 24.366667, "fair_value": 21.362821, "relative_strength": -34.796019, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.21038, "energy": 52.413975, "activity_lines": [ 21.976666, 22.130545, 22.808381, 23.453871 ] }, { "date": "2026-07-24", "close": 22.82, "volume": 10846361, "typical_volume": 9545417.9, "trend": 24.256, "fair_value": 21.389231, "relative_strength": -35.246074, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.010116, "energy": 30.364802, "activity_lines": [ 22.349333, 22.200363, 22.760238, 23.354086 ] }, { "date": "2026-07-31", "close": 24.09, "volume": 28202459, "typical_volume": 10303817.65, "trend": 24.188667, "fair_value": 21.427115, "relative_strength": -30.01146, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.119476, "energy": 21.159792, "activity_lines": [ 23.074666, 22.522727, 22.84, 23.343376 ] }, { "date": "2026-08-07", "close": 23.99, "volume": 9155307, "typical_volume": 10222660.75, "trend": 24.105, "fair_value": 21.455962, "relative_strength": -31.278129, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -7.870736, "energy": 22.826512, "activity_lines": [ 23.511333, 22.811818, 22.914238, 23.330559 ] } ], "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." } } }