{ "ticker": { "uuid": "8032c3b0-478d-436e-8203-b0490d3d421f", "symbol": "301043", "name": "Guangdong Nedfon Air System Co., Ltd.", "exchange": "SHZ", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "399001.SZ", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -57.333, "architecture_energy": 57.528, "architecture_maturity": 35.776, "architecture_confidence": 90.525, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 22.81, "rotation_up": 15.62, "upward_expansion": 13.47, "deceleration": 38.47, "rotation_down": 62.5, "downward_expansion": 82.14 }, "activity_lines": [ 41.074, 43.216364, 45.886261, 48.628598 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 42.869999, "trend_reference": 53.400368, "distance_from_trend": -0.197197, "trend_direction": "Weakening", "fair_value": 34.618915, "distance_from_fair_value": 0.23834, "fair_value_direction": "Weakening", "relative_strength": -17.138724, "relative_strength_direction": "Weakening", "price_momentum": -0.393625, "excess_performance": -0.401025, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.197197, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.044563, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.23834, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.465726, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.171387, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.180319, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.393625, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.166256, "read": "Supply-led" } ], "volume": { "latest": 4511500, "relative_activity": 0.961641, "balance": 0.166256, "dry_up": 1.151463, "accumulation_observations": 0, "distribution_observations": 6 }, "risk": { "range_context": 0.164872, "annualized_volatility": 0.545258, "from_high_reference": -0.479519, "from_low_reference": 0.336347 }, "levels": { "trend_reference": 53.400368, "fair_value_reference": 34.618915, "structural_low": 32.080002, "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": 10, "median_return": 0.010228, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.010648, "regime_survival": 0.8, "best_return": 0.199557, "worst_return": -0.281046, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": 0.162683, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.045301, "regime_survival": 0.666667, "best_return": 0.25, "worst_return": -0.130592, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.113056, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": -0.037915, "regime_survival": 0.5, "best_return": 0.215266, "worst_return": 0.010846, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 0.228447, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": -0.084401, "regime_survival": 0.0, "best_return": 0.228447, "worst_return": 0.228447, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-11-17", "end": "2023-12-22", "tenure": "Developing", "return": -0.049049, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-12-29", "end": "2024-01-26", "tenure": "Developing", "return": -0.099297, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-02-02", "end": "2024-05-10", "tenure": "Established", "return": 0.162683, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-17", "end": "2024-06-21", "tenure": "Developing", "return": -0.103798, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-28", "end": "2024-09-27", "tenure": "Established", "return": 0.033934, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-04", "end": "2024-11-01", "tenure": "Developing", "return": 0.006209, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-08", "end": "2025-01-03", "tenure": "Developing", "return": -0.099485, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-03-14", "tenure": "Developing", "return": 0.164461, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-21", "end": "2025-11-07", "tenure": "Extended", "return": 0.434173, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-14", "end": "2025-12-05", "tenure": "New", "return": 0.302088, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-12", "end": "2026-02-13", "tenure": "Developing", "return": 0.0538, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-02-27", "end": "2026-04-03", "tenure": "Developing", "return": -0.187112, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-10", "end": "2026-05-29", "tenure": "Developing", "return": -0.115988, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-05", "end": "2026-08-07", "tenure": "Developing", "return": -0.039866, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 28.962875, "volume": 2256300, "typical_volume": 3258154.3, "trend": 24.832658, "fair_value": 25.40465, "relative_strength": 24.427904, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.413027, "energy": 53.653972, "activity_lines": [ 28.902075, 28.558715, 27.213695, 26.172181 ] }, { "date": "2023-08-04", "close": 27.774511, "volume": 2634850, "typical_volume": 3247032.25, "trend": 25.053014, "fair_value": 25.428114, "relative_strength": 17.23372, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.688057, "energy": 43.174154, "activity_lines": [ 28.493057, 28.489372, 27.388843, 26.361978 ] }, { "date": "2023-08-11", "close": 27.02833, "volume": 2327295, "typical_volume": 3238356.1, "trend": 25.21963, "fair_value": 25.443802, "relative_strength": 17.992562, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.206922, "energy": 27.051423, "activity_lines": [ 27.947085, 28.267276, 27.470768, 26.489418 ] }, { "date": "2023-08-18", "close": 28.050875, "volume": 2948361, "typical_volume": 3273984.15, "trend": 25.446192, "fair_value": 25.469114, "relative_strength": 25.622756, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.085095, "energy": 23.964546, "activity_lines": [ 27.859263, 28.23562, 27.635384, 26.672079 ] }, { "date": "2023-08-25", "close": 26.595362, "volume": 4505834, "typical_volume": 3406045.95, "trend": 25.595368, "fair_value": 25.479943, "relative_strength": 22.168124, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.098235, "energy": 21.129744, "activity_lines": [ 27.385146, 27.917384, 27.637562, 26.746219 ] }, { "date": "2023-09-01", "close": 29.847239, "volume": 11823682, "typical_volume": 3926370.05, "trend": 25.829786, "fair_value": 25.521536, "relative_strength": 31.617335, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.285235, "energy": 25.504754, "activity_lines": [ 28.106763, 28.211166, 27.932471, 27.020533 ] }, { "date": "2023-09-08", "close": 28.557541, "volume": 7349578, "typical_volume": 4184404.0, "trend": 26.000165, "fair_value": 25.550178, "relative_strength": 27.153206, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.62462, "energy": 28.346193, "activity_lines": [ 28.339522, 28.23428, 28.070504, 27.196517 ] }, { "date": "2023-09-15", "close": 28.244329, "volume": 4106300, "typical_volume": 4049308.0, "trend": 26.179348, "fair_value": 25.575357, "relative_strength": 26.556417, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.483018, "energy": 27.204863, "activity_lines": [ 28.415675, 28.216693, 28.144101, 27.341302 ] }, { "date": "2023-09-22", "close": 28.972086, "volume": 3441590, "typical_volume": 4098602.85, "trend": 26.368657, "fair_value": 25.606808, "relative_strength": 28.318053, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 53.010952, "energy": 34.537668, "activity_lines": [ 28.653347, 28.341308, 28.266351, 27.521478 ] }, { "date": "2023-09-29", "close": 29.340572, "volume": 2480900, "typical_volume": 4023313.35, "trend": 26.568444, "fair_value": 25.641063, "relative_strength": 29.73778, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.49021, "energy": 37.291594, "activity_lines": [ 28.952434, 28.543137, 28.401719, 27.713215 ] }, { "date": "2023-10-13", "close": 27.940331, "volume": 3614517, "typical_volume": 3881134.95, "trend": 26.702011, "fair_value": 25.661965, "relative_strength": 23.158777, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.951342, "energy": 25.822876, "activity_lines": [ 28.60176, 28.470948, 28.381634, 27.801724 ] }, { "date": "2023-10-20", "close": 27.203363, "volume": 2635548, "typical_volume": 3719758.2, "trend": 26.838075, "fair_value": 25.675852, "relative_strength": 25.140409, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.15154, "energy": 8.972753, "activity_lines": [ 28.132557, 28.283356, 28.287145, 27.834069 ] }, { "date": "2023-10-27", "close": 29.570873, "volume": 7058909, "typical_volume": 3917993.65, "trend": 27.025693, "fair_value": 25.710629, "relative_strength": 31.968655, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 53.553507, "energy": 23.436346, "activity_lines": [ 28.542803, 28.536605, 28.416377, 28.010379 ] }, { "date": "2023-11-03", "close": 30.197296, "volume": 4096460, "typical_volume": 3915801.65, "trend": 27.263961, "fair_value": 25.750334, "relative_strength": 32.392766, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.488284, "energy": 27.97113, "activity_lines": [ 29.07342, 28.857521, 28.594346, 28.214998 ] }, { "date": "2023-11-10", "close": 30.409174, "volume": 3054654, "typical_volume": 3892557.65, "trend": 27.509893, "fair_value": 25.791201, "relative_strength": 30.485863, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 60.093826, "energy": 41.852889, "activity_lines": [ 29.592982, 29.177935, 28.776526, 28.417915 ] }, { "date": "2023-11-17", "close": 30.98954, "volume": 3084001, "typical_volume": 3947557.7, "trend": 27.786297, "fair_value": 25.836404, "relative_strength": 31.717316, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.07133, "energy": 60.923213, "activity_lines": [ 30.23476, 29.534528, 29.001258, 28.642408 ] }, { "date": "2023-11-24", "close": 30.878992, "volume": 2745713, "typical_volume": 3907603.6, "trend": 28.105926, "fair_value": 25.879874, "relative_strength": 31.872094, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.382202, "energy": 63.53146, "activity_lines": [ 30.636407, 29.850252, 29.200547, 28.841937 ] }, { "date": "2023-12-01", "close": 30.602633, "volume": 3990182, "typical_volume": 3973333.7, "trend": 28.329138, "fair_value": 25.92024, "relative_strength": 31.23966, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.224542, "energy": 59.040234, "activity_lines": [ 30.700893, 30.07352, 29.366716, 29.003015 ] }, { "date": "2023-12-08", "close": 29.745905, "volume": 3102400, "typical_volume": 3982728.7, "trend": 28.508757, "fair_value": 25.952661, "relative_strength": 28.96671, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.321848, "energy": 52.129083, "activity_lines": [ 30.411019, 30.098142, 29.44265, 29.094419 ] }, { "date": "2023-12-15", "close": 29.65378, "volume": 3010870, "typical_volume": 4013397.2, "trend": 28.673878, "fair_value": 25.983763, "relative_strength": 29.844197, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.611495, "energy": 30.932431, "activity_lines": [ 30.12053, 30.091944, 29.508802, 29.168292 ] }, { "date": "2023-12-22", "close": 29.469542, "volume": 2977970, "typical_volume": 4049480.7, "trend": 28.754374, "fair_value": 26.012811, "relative_strength": 30.08567, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.049268, "energy": 17.984486, "activity_lines": [ 29.818987, 30.046554, 29.550827, 29.219625 ] }, { "date": "2023-12-29", "close": 30.151234, "volume": 3044017, "typical_volume": 4069939.05, "trend": 28.864919, "fair_value": 26.047013, "relative_strength": 27.693507, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.387247, "energy": 18.032744, "activity_lines": [ 29.846008, 30.097304, 29.655362, 29.309745 ] }, { "date": "2024-01-05", "close": 30.086752, "volume": 2623500, "typical_volume": 4084749.3, "trend": 28.958576, "fair_value": 26.080125, "relative_strength": 31.750566, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.57723, "energy": 16.30142, "activity_lines": [ 29.900052, 30.082732, 29.742438, 29.388573 ] }, { "date": "2024-01-12", "close": 29.838024, "volume": 3896063, "typical_volume": 4132134.4, "trend": 29.058373, "fair_value": 26.110677, "relative_strength": 31.00336, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.316665, "energy": 16.695243, "activity_lines": [ 29.90558, 30.013557, 29.791262, 29.445312 ] }, { "date": "2024-01-19", "close": 27.442877, "volume": 3438123, "typical_volume": 4078748.85, "trend": 29.048547, "fair_value": 26.121421, "relative_strength": 22.256009, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.482967, "energy": 9.663422, "activity_lines": [ 29.106583, 29.515433, 29.603467, 29.341086 ] }, { "date": "2024-01-26", "close": 27.157301, "volume": 5972953, "typical_volume": 3786212.4, "trend": 29.02521, "fair_value": 26.129708, "relative_strength": 20.178028, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.715638, "energy": 35.89748, "activity_lines": [ 28.359788, 29.019319, 29.384438, 29.21907 ] }, { "date": "2024-02-02", "close": 21.970884, "volume": 6035422, "typical_volume": 3720504.6, "trend": 28.775869, "fair_value": 26.096701, "relative_strength": 5.064188, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.664527, "energy": 84.014662, "activity_lines": [ 26.038337, 27.649898, 28.684274, 28.763952 ] }, { "date": "2024-02-09", "close": 20.478519, "volume": 7954382, "typical_volume": 3912908.7, "trend": 28.498891, "fair_value": 26.052464, "relative_strength": -10.846869, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.359895, "energy": 92.309521, "activity_lines": [ 23.764787, 26.171102, 27.873345, 28.228639 ] }, { "date": "2024-02-23", "close": 23.10397, "volume": 6383963, "typical_volume": 4060027.35, "trend": 28.284556, "fair_value": 26.029428, "relative_strength": -2.600731, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.952013, "energy": 84.428737, "activity_lines": [ 23.006937, 25.353736, 27.349439, 27.88058 ] }, { "date": "2024-03-01", "close": 22.763123, "volume": 8405999, "typical_volume": 4356282.3, "trend": 28.100928, "fair_value": 26.004108, "relative_strength": -8.0649, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.760642, "energy": 82.892159, "activity_lines": [ 22.584408, 24.595161, 26.821014, 27.524359 ] }, { "date": "2024-03-08", "close": 22.846033, "volume": 6507125, "typical_volume": 4500912.7, "trend": 27.897033, "fair_value": 25.979815, "relative_strength": -7.396774, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.304091, "energy": 70.819271, "activity_lines": [ 22.501499, 23.976945, 26.331808, 27.185333 ] }, { "date": "2024-03-15", "close": 24.006758, "volume": 5009918, "typical_volume": 4619631.2, "trend": 27.771441, "fair_value": 25.964754, "relative_strength": -5.522829, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.677236, "energy": 48.583792, "activity_lines": [ 23.092917, 23.690197, 25.977404, 26.934348 ] }, { "date": "2024-03-22", "close": 24.513424, "volume": 4587830, "typical_volume": 4496077.25, "trend": 27.687611, "fair_value": 25.953759, "relative_strength": -3.384054, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.013516, "energy": 36.210057, "activity_lines": [ 23.717498, 23.607288, 25.686477, 26.724153 ] }, { "date": "2024-03-29", "close": 24.273911, "volume": 3529522, "typical_volume": 4467730.35, "trend": 27.561712, "fair_value": 25.941129, "relative_strength": -3.025835, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.685664, "energy": 29.623059, "activity_lines": [ 23.993248, 23.582164, 25.396822, 26.503914 ] }, { "date": "2024-04-05", "close": 24.84506, "volume": 2771601, "typical_volume": 4453577.7, "trend": 27.503369, "fair_value": 25.932949, "relative_strength": -2.624064, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.123333, "energy": 22.756902, "activity_lines": [ 24.381384, 23.762051, 25.189769, 26.328646 ] }, { "date": "2024-04-12", "close": 24.577911, "volume": 4293644, "typical_volume": 4514059.85, "trend": 27.327725, "fair_value": 25.922912, "relative_strength": -0.864543, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.195728, "energy": 20.04003, "activity_lines": [ 24.541676, 23.940599, 24.983769, 26.139907 ] }, { "date": "2024-04-19", "close": 22.542034, "volume": 5500571, "typical_volume": 4651802.75, "trend": 27.127208, "fair_value": 25.898052, "relative_strength": -9.903811, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.499278, "energy": 27.55953, "activity_lines": [ 23.907883, 23.795885, 24.614407, 25.831153 ] }, { "date": "2024-04-26", "close": 24.01597, "volume": 4027295, "typical_volume": 4653658.4, "trend": 26.986262, "fair_value": 25.884314, "relative_strength": -6.294005, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.135054, "energy": 26.019737, "activity_lines": [ 23.86305, 23.908775, 24.42512, 25.630428 ] }, { "date": "2024-05-03", "close": 24.531847, "volume": 2633273, "typical_volume": 4630202.05, "trend": 26.838254, "fair_value": 25.874514, "relative_strength": -5.978327, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.377879, "energy": 25.873979, "activity_lines": [ 24.02334, 24.051144, 24.316329, 25.472078 ] }, { "date": "2024-05-10", "close": 25.545181, "volume": 5556501, "typical_volume": 4757483.6, "trend": 26.711741, "fair_value": 25.872145, "relative_strength": -3.895444, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.333923, "energy": 14.989351, "activity_lines": [ 24.504212, 24.351794, 24.328875, 25.388654 ] }, { "date": "2024-05-17", "close": 25.397787, "volume": 4037620, "typical_volume": 4810466.1, "trend": 26.62699, "fair_value": 25.868756, "relative_strength": -4.529166, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.625065, "energy": 12.981538, "activity_lines": [ 24.889278, 24.575062, 24.346949, 25.303883 ] }, { "date": "2024-05-24", "close": 24.734518, "volume": 3505502, "typical_volume": 4833540.35, "trend": 26.544695, "fair_value": 25.860712, "relative_strength": -4.467242, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.547455, "energy": 14.021383, "activity_lines": [ 24.998596, 24.63134, 24.321243, 25.181788 ] }, { "date": "2024-05-31", "close": 25.066286, "volume": 3267442, "typical_volume": 4865737.45, "trend": 26.394542, "fair_value": 25.855118, "relative_strength": -2.725195, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.421087, "energy": 13.629937, "activity_lines": [ 25.072338, 24.734708, 24.352928, 25.086407 ] }, { "date": "2024-06-07", "close": 22.856794, "volume": 4429487, "typical_volume": 4892408.65, "trend": 26.149859, "fair_value": 25.83415, "relative_strength": -10.263979, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.922067, "energy": 22.1549, "activity_lines": [ 24.339562, 24.426297, 24.198092, 24.858165 ] }, { "date": "2024-06-14", "close": 22.990128, "volume": 2916025, "typical_volume": 4866303.75, "trend": 25.902557, "fair_value": 25.8144, "relative_strength": -9.709983, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.773937, "energy": 31.046603, "activity_lines": [ 23.7629, 24.167895, 24.089198, 24.654311 ] }, { "date": "2024-06-21", "close": 22.76156, "volume": 2779345, "typical_volume": 4706623.35, "trend": 25.628291, "fair_value": 25.793346, "relative_strength": -8.774819, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.609664, "energy": 46.490023, "activity_lines": [ 23.280386, 23.901662, 23.97974, 24.451667 ] }, { "date": "2024-06-28", "close": 22.73299, "volume": 3382467, "typical_volume": 4573975.6, "trend": 25.356758, "fair_value": 25.772385, "relative_strength": -6.739316, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.769067, "energy": 52.987764, "activity_lines": [ 22.964097, 23.663258, 23.888493, 24.264873 ] }, { "date": "2024-07-05", "close": 21.971094, "volume": 2720900, "typical_volume": 4312301.5, "trend": 25.06904, "fair_value": 25.746526, "relative_strength": -8.282335, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.685647, "energy": 58.670544, "activity_lines": [ 22.527277, 23.282856, 23.721055, 24.046443 ] }, { "date": "2024-07-12", "close": 22.694895, "volume": 2935875, "typical_volume": 4139897.1, "trend": 24.834006, "fair_value": 25.725906, "relative_strength": -6.887125, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.438494, "energy": 46.175093, "activity_lines": [ 22.538071, 23.071233, 23.615443, 23.893272 ] }, { "date": "2024-07-19", "close": 21.952047, "volume": 2258519, "typical_volume": 3832523.1, "trend": 24.577282, "fair_value": 25.700578, "relative_strength": -10.320432, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.84113, "energy": 48.19848, "activity_lines": [ 22.312042, 22.757947, 23.441032, 23.707339 ] }, { "date": "2024-07-26", "close": 22.304422, "volume": 3156330, "typical_volume": 3664983.35, "trend": 24.338444, "fair_value": 25.677937, "relative_strength": -5.590115, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.364538, "energy": 41.059126, "activity_lines": [ 22.272677, 22.574058, 23.304043, 23.560703 ] }, { "date": "2024-08-02", "close": 22.152044, "volume": 2485398, "typical_volume": 3538757.35, "trend": 24.071805, "fair_value": 25.654587, "relative_strength": -5.740108, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.734094, "energy": 35.667822, "activity_lines": [ 22.212996, 22.418707, 23.15512, 23.419645 ] }, { "date": "2024-08-09", "close": 22.209187, "volume": 1986945, "typical_volume": 3408713.1, "trend": 23.809219, "fair_value": 25.63192, "relative_strength": -3.722014, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.421567, "energy": 34.523567, "activity_lines": [ 22.211091, 22.3207, 23.020472, 23.299476 ] }, { "date": "2024-08-16", "close": 22.504419, "volume": 2561242, "typical_volume": 3360299.1, "trend": 23.564766, "fair_value": 25.611479, "relative_strength": -2.083351, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.698292, "energy": 29.323861, "activity_lines": [ 22.291724, 22.328319, 22.924913, 23.215296 ] }, { "date": "2024-08-23", "close": 21.504436, "volume": 1705503, "typical_volume": 3306994.2, "trend": 23.366818, "fair_value": 25.58481, "relative_strength": -4.598778, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.808469, "energy": 34.400925, "activity_lines": [ 22.051728, 22.160529, 22.742544, 23.082371 ] }, { "date": "2024-08-30", "close": 22.694895, "volume": 2792925, "typical_volume": 3231958.25, "trend": 23.218071, "fair_value": 25.566165, "relative_strength": -1.351223, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.468112, "energy": 22.553178, "activity_lines": [ 22.238393, 22.236199, 22.68946, 23.039021 ] }, { "date": "2024-09-06", "close": 22.018713, "volume": 1759600, "typical_volume": 3044909.7, "trend": 23.219665, "fair_value": 25.543425, "relative_strength": -1.784421, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.005884, "energy": 28.219485, "activity_lines": [ 22.173632, 22.190139, 22.580945, 22.961643 ] }, { "date": "2024-09-13", "close": 21.656815, "volume": 1379000, "typical_volume": 2912494.95, "trend": 23.258942, "fair_value": 25.459163, "relative_strength": -1.521318, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.506684, "energy": 34.434344, "activity_lines": [ 21.997127, 22.091267, 22.440455, 22.860814 ] }, { "date": "2024-09-20", "close": 21.475866, "volume": 818300, "typical_volume": 2821746.3, "trend": 23.204672, "fair_value": 25.398125, "relative_strength": -3.372199, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.906093, "energy": 36.208551, "activity_lines": [ 21.79713, 21.965208, 22.293965, 22.745777 ] }, { "date": "2024-09-27", "close": 23.504406, "volume": 2933200, "typical_volume": 2690581.25, "trend": 23.229381, "fair_value": 25.356893, "relative_strength": -10.049852, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.785911, "energy": 14.374942, "activity_lines": [ 22.341884, 22.230139, 22.355223, 22.765115 ] }, { "date": "2024-10-04", "close": 26.075794, "volume": 1933389, "typical_volume": 2585369.7, "trend": 23.33704, "fair_value": 25.327647, "relative_strength": -9.593302, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 34.928677, "energy": 31.458992, "activity_lines": [ 23.610436, 22.934371, 22.671092, 22.948754 ] }, { "date": "2024-10-11", "close": 24.666292, "volume": 5561439, "typical_volume": 2688166.55, "trend": 23.359024, "fair_value": 25.294439, "relative_strength": -10.209307, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.189755, "energy": 32.342065, "activity_lines": [ 24.18376, 23.313759, 22.849495, 23.034513 ] }, { "date": "2024-10-18", "close": 25.761515, "volume": 3483626, "typical_volume": 2698975.75, "trend": 23.400627, "fair_value": 25.27834, "relative_strength": -8.72585, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.567581, "energy": 48.743101, "activity_lines": [ 24.945654, 23.846565, 23.132529, 23.189512 ] }, { "date": "2024-10-25", "close": 26.961494, "volume": 3566751, "typical_volume": 2655838.95, "trend": 23.490213, "fair_value": 25.27172, "relative_strength": -6.632398, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.709758, "energy": 69.221355, "activity_lines": [ 25.833893, 24.532961, 23.526536, 23.419245 ] }, { "date": "2024-11-01", "close": 26.237696, "volume": 4109990, "typical_volume": 2715537.2, "trend": 23.536635, "fair_value": 25.27147, "relative_strength": -7.371994, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 66.437907, "energy": 71.631721, "activity_lines": [ 26.115159, 25.00672, 23.832065, 23.596502 ] }, { "date": "2024-11-08", "close": 27.761484, "volume": 3898361, "typical_volume": 2771488.0, "trend": 23.642754, "fair_value": 25.278337, "relative_strength": -7.815674, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.139169, "energy": 76.57198, "activity_lines": [ 26.722134, 25.671472, 24.267251, 23.869073 ] }, { "date": "2024-11-15", "close": 26.675787, "volume": 3643500, "typical_volume": 2784539.65, "trend": 23.780545, "fair_value": 25.275881, "relative_strength": -7.647222, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.43, "energy": 64.840343, "activity_lines": [ 26.854831, 26.046704, 24.575228, 24.064753 ] }, { "date": "2024-11-22", "close": 26.50436, "volume": 3511200, "typical_volume": 2824054.65, "trend": 23.863492, "fair_value": 25.268232, "relative_strength": -5.1291, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.117265, "energy": 46.27949, "activity_lines": [ 26.796419, 26.306094, 24.848104, 24.240483 ] }, { "date": "2024-11-29", "close": 28.380522, "volume": 4022161, "typical_volume": 2878368.95, "trend": 23.991781, "fair_value": 25.285408, "relative_strength": 0.264537, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.569978, "energy": 51.448227, "activity_lines": [ 27.313872, 26.818468, 25.278075, 24.531904 ] }, { "date": "2024-12-06", "close": 28.704327, "volume": 6242106, "typical_volume": 3077548.3, "trend": 24.097086, "fair_value": 25.29486, "relative_strength": 0.072863, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.95123, "energy": 50.086469, "activity_lines": [ 27.844657, 27.264175, 25.71181, 24.835939 ] }, { "date": "2024-12-13", "close": 29.57098, "volume": 8809863, "typical_volume": 3360224.95, "trend": 24.236192, "fair_value": 25.299952, "relative_strength": 4.113568, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.334672, "energy": 51.481446, "activity_lines": [ 28.499885, 27.772912, 26.195929, 25.189094 ] }, { "date": "2024-12-20", "close": 28.599569, "volume": 5067751, "typical_volume": 3489342.6, "trend": 24.365027, "fair_value": 25.294897, "relative_strength": 1.670964, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.695285, "energy": 46.411359, "activity_lines": [ 28.710677, 28.04148, 26.552931, 25.470602 ] }, { "date": "2024-12-27", "close": 27.485298, "volume": 3876288, "typical_volume": 3583809.75, "trend": 24.445661, "fair_value": 25.281605, "relative_strength": -1.972162, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.13548, "energy": 40.644288, "activity_lines": [ 28.421792, 28.035939, 26.773109, 25.67191 ] }, { "date": "2025-01-03", "close": 24.999622, "volume": 3087671, "typical_volume": 3610131.2, "trend": 24.517089, "fair_value": 25.25993, "relative_strength": -3.513668, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 32.564309, "energy": 21.416431, "activity_lines": [ 27.238953, 27.547115, 26.731432, 25.707649 ] }, { "date": "2025-01-10", "close": 25.190096, "volume": 2355614, "typical_volume": 3642636.75, "trend": 24.590421, "fair_value": 25.241609, "relative_strength": -1.245672, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.745665, "energy": 18.040411, "activity_lines": [ 26.344999, 27.128594, 26.696013, 25.751069 ] }, { "date": "2025-01-17", "close": 26.390076, "volume": 2576299, "typical_volume": 3631805.45, "trend": 24.711371, "fair_value": 25.225907, "relative_strength": 0.27142, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.860915, "energy": 20.573746, "activity_lines": [ 26.08532, 26.947298, 26.757327, 25.867176 ] }, { "date": "2025-01-24", "close": 27.009115, "volume": 2957522, "typical_volume": 3691701.55, "trend": 24.853909, "fair_value": 25.227259, "relative_strength": 1.690063, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.6638, "energy": 19.698939, "activity_lines": [ 26.244047, 26.903489, 26.860001, 26.015417 ] }, { "date": "2025-01-31", "close": 27.075779, "volume": 493514, "typical_volume": 3647427.25, "trend": 25.024065, "fair_value": 25.176639, "relative_strength": 3.647506, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.319806, "energy": 11.91182, "activity_lines": [ 26.531026, 26.86574, 26.945261, 26.158764 ] }, { "date": "2025-02-07", "close": 26.990067, "volume": 1862600, "typical_volume": 3699642.25, "trend": 25.167237, "fair_value": 25.141782, "relative_strength": -0.652759, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.913228, "energy": 16.512395, "activity_lines": [ 26.816736, 26.802018, 26.996552, 26.285603 ] }, { "date": "2025-02-14", "close": 26.351982, "volume": 3183622, "typical_volume": 3712163.35, "trend": 25.313902, "fair_value": 25.110561, "relative_strength": -4.659349, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.986952, "energy": 16.219392, "activity_lines": [ 26.757055, 26.647562, 26.960816, 26.362038 ] }, { "date": "2025-02-21", "close": 27.599581, "volume": 4867056, "typical_volume": 3858846.7, "trend": 25.490407, "fair_value": 25.101459, "relative_strength": -2.316661, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.992661, "energy": 20.228249, "activity_lines": [ 27.03578, 26.762711, 27.030339, 26.509501 ] }, { "date": "2025-02-28", "close": 26.961494, "volume": 3503601, "typical_volume": 3755954.8, "trend": 25.650722, "fair_value": 25.102794, "relative_strength": -1.25128, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.103291, "energy": 16.469292, "activity_lines": [ 27.021177, 26.797689, 27.031835, 26.60441 ] }, { "date": "2025-03-07", "close": 28.561472, "volume": 3901220, "typical_volume": 3776834.5, "trend": 25.862465, "fair_value": 25.109658, "relative_strength": 2.216632, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 46.914889, "energy": 27.606202, "activity_lines": [ 27.543074, 27.153354, 27.174781, 26.7922 ] }, { "date": "2025-03-14", "close": 29.332888, "volume": 3667044, "typical_volume": 3781849.15, "trend": 26.090081, "fair_value": 25.118874, "relative_strength": 3.555742, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 64.047034, "energy": 53.293375, "activity_lines": [ 28.223064, 27.629711, 27.377862, 27.016098 ] }, { "date": "2025-03-21", "close": 28.847181, "volume": 4016472, "typical_volume": 3777173.25, "trend": 26.334839, "fair_value": 25.127569, "relative_strength": 4.505266, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.55929, "energy": 58.336357, "activity_lines": [ 28.584963, 27.93897, 27.523392, 27.193976 ] }, { "date": "2025-03-28", "close": 27.437679, "volume": 3982100, "typical_volume": 3781360.2, "trend": 26.492932, "fair_value": 25.128556, "relative_strength": 0.147346, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.929039, "energy": 52.431071, "activity_lines": [ 28.310681, 27.925464, 27.522258, 27.265127 ] }, { "date": "2025-04-04", "close": 28.047195, "volume": 2683700, "typical_volume": 3733370.2, "trend": 26.693881, "fair_value": 25.138983, "relative_strength": 4.678027, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.148752, "energy": 42.306857, "activity_lines": [ 28.250365, 28.003731, 27.580716, 27.365402 ] }, { "date": "2025-04-11", "close": 25.704372, "volume": 4540000, "typical_volume": 3784810.2, "trend": 26.8288, "fair_value": 25.119578, "relative_strength": 1.154158, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 11.740123, "energy": 8.008434, "activity_lines": [ 27.336728, 27.637157, 27.409516, 27.301563 ] }, { "date": "2025-04-18", "close": 29.313841, "volume": 5903696, "typical_volume": 3878886.95, "trend": 27.090065, "fair_value": 25.127806, "relative_strength": 15.493164, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.77614, "energy": 20.65816, "activity_lines": [ 27.816721, 27.951784, 27.585886, 27.461888 ] }, { "date": "2025-04-25", "close": 29.323366, "volume": 5312288, "typical_volume": 3832396.05, "trend": 27.284031, "fair_value": 25.147682, "relative_strength": 13.600263, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.264388, "energy": 26.479639, "activity_lines": [ 28.301159, 28.225892, 27.758717, 27.605972 ] }, { "date": "2025-05-02", "close": 29.485268, "volume": 2413800, "typical_volume": 3512592.9, "trend": 27.39768, "fair_value": 25.170268, "relative_strength": 14.07281, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.153198, "energy": 30.686528, "activity_lines": [ 28.807818, 28.475413, 27.944021, 27.747987 ] }, { "date": "2025-05-09", "close": 30.24716, "volume": 3433000, "typical_volume": 3430855.35, "trend": 27.583709, "fair_value": 25.209498, "relative_strength": 14.093206, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.333422, "energy": 60.04116, "activity_lines": [ 29.431935, 28.829173, 28.202294, 27.931824 ] }, { "date": "2025-05-16", "close": 29.161463, "volume": 4590231, "typical_volume": 3466552.5, "trend": 27.69704, "fair_value": 25.236406, "relative_strength": 9.227993, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.950203, "energy": 52.824587, "activity_lines": [ 29.547489, 28.925795, 28.349321, 28.033615 ] }, { "date": "2025-05-23", "close": 28.266237, "volume": 5004807, "typical_volume": 3562409.3, "trend": 27.740532, "fair_value": 25.28565, "relative_strength": 6.239194, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.497847, "energy": 37.160728, "activity_lines": [ 29.134161, 28.84874, 28.403107, 28.070337 ] }, { "date": "2025-05-30", "close": 29.3134, "volume": 3589406, "typical_volume": 3624098.9, "trend": 27.843055, "fair_value": 25.319009, "relative_strength": 10.984797, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.870761, "energy": 28.435766, "activity_lines": [ 29.139728, 28.981472, 28.541067, 28.171813 ] }, { "date": "2025-06-06", "close": 29.843336, "volume": 4061553, "typical_volume": 3698361.6, "trend": 27.91245, "fair_value": 25.338529, "relative_strength": 11.029602, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.25828, "energy": 27.671505, "activity_lines": [ 29.322605, 29.202079, 28.709863, 28.300863 ] }, { "date": "2025-06-13", "close": 29.34284, "volume": 5264384, "typical_volume": 3813704.7, "trend": 28.001352, "fair_value": 25.371904, "relative_strength": 9.501439, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.149754, "energy": 24.682288, "activity_lines": [ 29.314779, 29.287947, 28.814548, 28.393146 ] }, { "date": "2025-06-20", "close": 27.694145, "volume": 2802600, "typical_volume": 3929159.0, "trend": 28.041012, "fair_value": 25.407046, "relative_strength": 4.363376, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 26.095797, "energy": 13.880473, "activity_lines": [ 28.817675, 29.050495, 28.751102, 28.373326 ] }, { "date": "2025-06-27", "close": 29.804083, "volume": 3570100, "typical_volume": 4014534.0, "trend": 28.088464, "fair_value": 25.449719, "relative_strength": 8.035321, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.348475, "energy": 20.866062, "activity_lines": [ 29.121706, 29.160491, 28.885658, 28.487073 ] }, { "date": "2025-07-04", "close": 30.962093, "volume": 4659084, "typical_volume": 4088307.1, "trend": 28.163723, "fair_value": 25.502927, "relative_strength": 10.506828, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.600746, "energy": 31.316698, "activity_lines": [ 29.709217, 29.472121, 29.1171, 28.672468 ] }, { "date": "2025-07-11", "close": 31.423336, "volume": 5871784, "typical_volume": 4138543.5, "trend": 28.225468, "fair_value": 25.559441, "relative_strength": 9.89178, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.093979, "energy": 54.113033, "activity_lines": [ 30.340562, 29.837818, 29.370517, 28.882766 ] }, { "date": "2025-07-18", "close": 32.031784, "volume": 3301816, "typical_volume": 4128454.25, "trend": 28.339875, "fair_value": 25.616616, "relative_strength": 9.415317, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.424246, "energy": 74.332661, "activity_lines": [ 31.06939, 30.278904, 29.663674, 29.128335 ] }, { "date": "2025-07-25", "close": 34.485199, "volume": 8251038, "typical_volume": 4345945.15, "trend": 28.573205, "fair_value": 25.689114, "relative_strength": 14.707779, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.326359, "energy": 86.381839, "activity_lines": [ 32.436761, 31.133618, 30.166344, 29.524807 ] }, { "date": "2025-08-01", "close": 35.152523, "volume": 5770163, "typical_volume": 4451101.1, "trend": 28.911635, "fair_value": 25.767451, "relative_strength": 18.294374, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.102495, "energy": 90.217182, "activity_lines": [ 33.573835, 32.012869, 30.704361, 29.94928 ] }, { "date": "2025-08-08", "close": 35.947433, "volume": 5141736, "typical_volume": 4507364.3, "trend": 29.270213, "fair_value": 25.8547, "relative_strength": 18.98194, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.489396, "energy": 93.070183, "activity_lines": [ 34.619317, 32.911443, 31.290372, 30.403202 ] }, { "date": "2025-08-15", "close": 35.260479, "volume": 4955680, "typical_volume": 4556043.3, "trend": 29.565893, "fair_value": 25.930722, "relative_strength": 11.367842, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.807277, "energy": 87.614718, "activity_lines": [ 35.103459, 33.564498, 31.777147, 30.789671 ] }, { "date": "2025-08-22", "close": 35.633396, "volume": 3746200, "typical_volume": 4609168.3, "trend": 29.853369, "fair_value": 26.007919, "relative_strength": 7.401726, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.77977, "energy": 84.045861, "activity_lines": [ 35.456096, 34.186863, 32.262187, 31.181123 ] }, { "date": "2025-08-29", "close": 33.984703, "volume": 6558386, "typical_volume": 4710087.6, "trend": 30.083667, "fair_value": 26.079406, "relative_strength": -1.815473, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.06961, "energy": 57.343489, "activity_lines": [ 35.019062, 34.395091, 32.554084, 31.44766 ] }, { "date": "2025-09-05", "close": 34.445942, "volume": 4887600, "typical_volume": 4659282.8, "trend": 30.332196, "fair_value": 26.148588, "relative_strength": 0.332022, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.875062, "energy": 48.506241, "activity_lines": [ 34.76914, 34.572807, 32.850478, 31.729097 ] }, { "date": "2025-09-12", "close": 36.879734, "volume": 5904400, "typical_volume": 4688888.4, "trend": 30.683121, "fair_value": 26.234469, "relative_strength": 4.544629, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.574205, "energy": 52.004293, "activity_lines": [ 35.377588, 35.108634, 33.354223, 32.151519 ] }, { "date": "2025-09-19", "close": 45.388172, "volume": 14277922, "typical_volume": 5282094.5, "trend": 31.276074, "fair_value": 26.379517, "relative_strength": 26.494995, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.99041, "energy": 70.295659, "activity_lines": [ 38.760028, 37.083855, 34.632313, 33.100232 ] }, { "date": "2025-09-26", "close": 46.489922, "volume": 25789389, "typical_volume": 6399913.95, "trend": 31.927021, "fair_value": 26.529547, "relative_strength": 27.274984, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.519615, "energy": 92.473207, "activity_lines": [ 41.834539, 39.005489, 35.939603, 34.081771 ] }, { "date": "2025-10-03", "close": 49.51107, "volume": 8630786, "typical_volume": 6601941.7, "trend": 32.625341, "fair_value": 26.702412, "relative_strength": 31.283376, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.523191, "energy": 94.911217, "activity_lines": [ 45.192331, 41.213547, 37.457275, 35.216226 ] }, { "date": "2025-10-10", "close": 55.453987, "volume": 7693194, "typical_volume": 6736361.05, "trend": 33.496045, "fair_value": 26.919098, "relative_strength": 47.198823, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.457109, "energy": 96.882579, "activity_lines": [ 49.496004, 44.228938, 39.444037, 36.689041 ] }, { "date": "2025-10-17", "close": 44.045174, "volume": 15552046, "typical_volume": 7334493.05, "trend": 34.002644, "fair_value": 27.065195, "relative_strength": 22.235823, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.274578, "energy": 74.467462, "activity_lines": [ 48.596203, 44.800882, 40.214779, 37.36963 ] }, { "date": "2025-10-24", "close": 43.836479, "volume": 7670000, "typical_volume": 7514915.4, "trend": 34.549271, "fair_value": 27.215044, "relative_strength": 15.567015, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.360367, "energy": 58.863412, "activity_lines": [ 47.149141, 45.187649, 40.895495, 38.004071 ] }, { "date": "2025-10-31", "close": 42.653854, "volume": 6214722, "typical_volume": 7562432.3, "trend": 35.03616, "fair_value": 27.353841, "relative_strength": 11.192346, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.21365, "energy": 47.08771, "activity_lines": [ 45.411317, 45.203467, 41.396945, 38.526948 ] }, { "date": "2025-11-07", "close": 41.371857, "volume": 5784187, "typical_volume": 7711511.65, "trend": 35.558409, "fair_value": 27.482455, "relative_strength": 7.211453, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.383982, "energy": 24.852514, "activity_lines": [ 43.501898, 44.858549, 41.712915, 38.935702 ] }, { "date": "2025-11-14", "close": 42.832741, "volume": 7507188, "typical_volume": 7908366.05, "trend": 36.009039, "fair_value": 27.625811, "relative_strength": 12.008318, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.25376, "energy": 24.051409, "activity_lines": [ 42.622055, 44.644935, 42.102884, 39.405014 ] }, { "date": "2025-11-21", "close": 40.447624, "volume": 11094070, "typical_volume": 8230115.35, "trend": 36.379848, "fair_value": 27.744625, "relative_strength": 10.98377, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.289721, "energy": 21.974457, "activity_lines": [ 41.788589, 43.845176, 42.203659, 39.691374 ] }, { "date": "2025-11-28", "close": 48.119751, "volume": 16379568, "typical_volume": 8755504.55, "trend": 37.000997, "fair_value": 27.911637, "relative_strength": 26.635456, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.080411, "energy": 23.366809, "activity_lines": [ 43.752336, 44.375478, 42.989942, 40.448787 ] }, { "date": "2025-12-05", "close": 55.772003, "volume": 26763449, "typical_volume": 9928586.2, "trend": 37.851825, "fair_value": 28.114574, "relative_strength": 43.45602, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 72.357356, "energy": 43.108062, "activity_lines": [ 47.981282, 46.247434, 44.425505, 41.65982 ] }, { "date": "2025-12-12", "close": 59.111168, "volume": 18697931, "typical_volume": 10450930.85, "trend": 38.850149, "fair_value": 28.331573, "relative_strength": 49.129081, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.086308, "energy": 61.908625, "activity_lines": [ 52.44874, 48.557745, 46.066036, 43.031391 ] }, { "date": "2025-12-19", "close": 54.79808, "volume": 11199411, "typical_volume": 10722393.25, "trend": 39.734544, "fair_value": 28.5274, "relative_strength": 38.171552, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.353285, "energy": 70.065919, "activity_lines": [ 54.29588, 49.909312, 47.178529, 44.060289 ] }, { "date": "2025-12-26", "close": 66.018074, "volume": 15703273, "typical_volume": 11250470.1, "trend": 40.958033, "fair_value": 28.804402, "relative_strength": 58.491702, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.341976, "energy": 83.337505, "activity_lines": [ 59.08533, 53.312803, 49.266043, 45.756001 ] }, { "date": "2026-01-02", "close": 64.895081, "volume": 9956169, "typical_volume": 11500494.55, "trend": 42.126424, "fair_value": 29.075362, "relative_strength": 54.499368, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.771427, "energy": 82.586119, "activity_lines": [ 61.795752, 56.112606, 51.103411, 47.300327 ] }, { "date": "2026-01-09", "close": 59.081356, "volume": 12519483, "typical_volume": 11939158.7, "trend": 43.117708, "fair_value": 29.318192, "relative_strength": 33.397743, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.643448, "energy": 70.19026, "activity_lines": [ 61.44991, 57.472485, 52.245975, 48.394193 ] }, { "date": "2026-01-16", "close": 80.298973, "volume": 23221858, "typical_volume": 12772332.3, "trend": 44.871202, "fair_value": 29.697264, "relative_strength": 75.996405, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.036054, "energy": 86.486567, "activity_lines": [ 67.955984, 62.39143, 55.297607, 50.792985 ] }, { "date": "2026-01-23", "close": 74.773445, "volume": 13978035, "typical_volume": 13226854.05, "trend": 46.370181, "fair_value": 30.035364, "relative_strength": 59.631589, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.464498, "energy": 75.498753, "activity_lines": [ 71.207695, 65.597969, 57.602453, 52.722161 ] }, { "date": "2026-01-30", "close": 70.698868, "volume": 11062236, "typical_volume": 13484745.85, "trend": 47.69474, "fair_value": 30.352318, "relative_strength": 51.343421, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.743086, "energy": 57.024592, "activity_lines": [ 71.769522, 67.482935, 59.32721, 54.291754 ] }, { "date": "2026-02-06", "close": 65.213097, "volume": 6175998, "typical_volume": 13079649.65, "trend": 48.821066, "fair_value": 30.628555, "relative_strength": 40.842786, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.2653, "energy": 52.493128, "activity_lines": [ 70.190706, 67.820465, 60.368468, 55.421971 ] }, { "date": "2026-02-13", "close": 62.291328, "volume": 4846817, "typical_volume": 12032521.05, "trend": 49.829717, "fair_value": 30.881611, "relative_strength": 31.196689, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.724717, "energy": 38.9845, "activity_lines": [ 67.616766, 67.315976, 61.037058, 56.29102 ] }, { "date": "2026-02-27", "close": 60.760876, "volume": 5759689, "typical_volume": 11888966.2, "trend": 50.705573, "fair_value": 31.120807, "relative_strength": 23.303213, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.200841, "energy": 22.975578, "activity_lines": [ 64.318678, 66.414691, 61.484647, 56.996256 ] }, { "date": "2026-03-06", "close": 55.155849, "volume": 6565266, "typical_volume": 11832569.8, "trend": 51.372351, "fair_value": 31.327775, "relative_strength": 13.607325, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.021939, "energy": 21.48918, "activity_lines": [ 60.454786, 64.464315, 61.344852, 57.283371 ] }, { "date": "2026-03-13", "close": 54.370747, "volume": 6182164, "typical_volume": 11364075.7, "trend": 51.986461, "fair_value": 31.526993, "relative_strength": 10.414786, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.983316, "energy": 20.676033, "activity_lines": [ 57.637034, 62.364688, 61.131706, 57.476815 ] }, { "date": "2026-03-20", "close": 56.656483, "volume": 9217105, "typical_volume": 11441430.95, "trend": 52.699661, "fair_value": 31.740515, "relative_strength": 17.569447, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.775978, "energy": 18.959237, "activity_lines": [ 56.669735, 60.892419, 61.087079, 57.778107 ] }, { "date": "2026-03-27", "close": 53.625397, "volume": 6895881, "typical_volume": 11475488.9, "trend": 53.299394, "fair_value": 31.930849, "relative_strength": 11.396966, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.178457, "energy": 18.986947, "activity_lines": [ 55.262515, 59.018836, 60.69273, 57.837832 ] }, { "date": "2026-04-03", "close": 49.391815, "volume": 5171900, "typical_volume": 11444874.55, "trend": 53.812965, "fair_value": 32.099249, "relative_strength": 5.090876, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -31.732747, "energy": 38.304142, "activity_lines": [ 53.02183, 56.47471, 59.842937, 57.58573 ] }, { "date": "2026-04-10", "close": 51.379414, "volume": 3040703, "typical_volume": 11221550.3, "trend": 54.377414, "fair_value": 32.275128, "relative_strength": 1.521204, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.91383, "energy": 42.376939, "activity_lines": [ 52.201616, 54.853915, 59.144249, 57.428727 ] }, { "date": "2026-04-17", "close": 54.470131, "volume": 5170248, "typical_volume": 10925359.2, "trend": 54.963761, "fair_value": 32.476544, "relative_strength": 2.878925, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.554462, "energy": 37.563351, "activity_lines": [ 52.663402, 54.220414, 58.699217, 57.434709 ] }, { "date": "2026-04-24", "close": 51.98563, "volume": 4915576, "typical_volume": 10352159.6, "trend": 55.183676, "fair_value": 32.662149, "relative_strength": -2.428931, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.698477, "energy": 40.93057, "activity_lines": [ 52.290396, 53.430253, 57.950791, 57.242571 ] }, { "date": "2026-05-01", "close": 54.400562, "volume": 4396508, "typical_volume": 9233812.55, "trend": 55.447364, "fair_value": 32.865374, "relative_strength": 0.623809, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.404639, "energy": 21.417945, "activity_lines": [ 53.033758, 53.31967, 57.41395, 57.192048 ] }, { "date": "2026-05-08", "close": 56.388161, "volume": 4173084, "typical_volume": 8507570.2, "trend": 55.6766, "fair_value": 33.090362, "relative_strength": 0.893163, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -13.893233, "energy": 12.573187, "activity_lines": [ 54.387975, 53.713938, 57.072935, 57.252744 ] }, { "date": "2026-05-15", "close": 52.601788, "volume": 7935813, "typical_volume": 8344390.3, "trend": 55.581527, "fair_value": 33.274307, "relative_strength": -6.064877, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.378001, "energy": 15.45709, "activity_lines": [ 54.013644, 53.499277, 56.38428, 57.054369 ] }, { "date": "2026-05-22", "close": 51.74712, "volume": 5964637, "typical_volume": 7857458.5, "trend": 55.838258, "fair_value": 33.449883, "relative_strength": -8.026651, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.495874, "energy": 16.077239, "activity_lines": [ 53.272933, 53.17566, 55.624687, 56.806988 ] }, { "date": "2026-05-29", "close": 45.419998, "volume": 5053215, "typical_volume": 7612310.8, "trend": 55.891042, "fair_value": 33.582702, "relative_strength": -19.21181, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.925051, "energy": 45.365621, "activity_lines": [ 50.604715, 51.74936, 54.330467, 56.134842 ] }, { "date": "2026-06-05", "close": 44.650002, "volume": 897700, "typical_volume": 7031221.65, "trend": 55.957581, "fair_value": 33.695493, "relative_strength": -19.229154, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.730275, "energy": 75.748168, "activity_lines": [ 48.11754, 50.38736, 53.055652, 55.409614 ] }, { "date": "2026-06-12", "close": 44.759998, "volume": 1669415, "typical_volume": 5953599.5, "trend": 56.070519, "fair_value": 33.810397, "relative_strength": -17.156111, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.845107, "energy": 78.892602, "activity_lines": [ 46.317068, 49.208549, 51.860035, 54.687189 ] }, { "date": "2026-06-19", "close": 44.68, "volume": 4484600, "typical_volume": 5478927.75, "trend": 56.132094, "fair_value": 33.921955, "relative_strength": -22.763925, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.91582, "energy": 81.310509, "activity_lines": [ 45.265141, 48.099407, 50.826031, 53.952317 ] }, { "date": "2026-06-26", "close": 43.470001, "volume": 2041600, "typical_volume": 5027895.95, "trend": 56.23284, "fair_value": 34.028531, "relative_strength": -23.666936, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.118659, "energy": 80.601064, "activity_lines": [ 44.338, 46.892072, 49.820092, 53.135408 ] }, { "date": "2026-07-03", "close": 53.549999, "volume": 2381700, "typical_volume": 4838181.05, "trend": 56.413848, "fair_value": 34.193995, "relative_strength": -5.13685, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.579926, "energy": 39.981396, "activity_lines": [ 47.322666, 47.717468, 49.903814, 52.962321 ] }, { "date": "2026-07-10", "close": 48.610001, "volume": 8028460, "typical_volume": 4997263.2, "trend": 56.175115, "fair_value": 34.327024, "relative_strength": -10.870187, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.055848, "energy": 27.501182, "activity_lines": [ 48.118667, 47.616238, 49.572598, 52.458847 ] }, { "date": "2026-07-17", "close": 41.48, "volume": 5419400, "typical_volume": 4980248.75, "trend": 55.587409, "fair_value": 34.404132, "relative_strength": -16.548473, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.034564, "energy": 38.134291, "activity_lines": [ 46.274, 46.323928, 48.627484, 51.510776 ] }, { "date": "2026-07-24", "close": 38.73, "volume": 7304146, "typical_volume": 5017192.75, "trend": 55.051806, "fair_value": 34.467864, "relative_strength": -22.413854, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.564273, "energy": 42.096006, "activity_lines": [ 43.731333, 44.802675, 47.512279, 50.423201 ] }, { "date": "2026-07-31", "close": 38.5, "volume": 4373119, "typical_volume": 4926740.5, "trend": 54.134537, "fair_value": 34.525338, "relative_strength": -21.657795, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.45672, "energy": 57.389689, "activity_lines": [ 41.508667, 43.491818, 46.453387, 49.355342 ] }, { "date": "2026-08-07", "close": 42.869999, "volume": 4511500, "typical_volume": 4691460.25, "trend": 53.400368, "fair_value": 34.618915, "relative_strength": -17.138724, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.332929, "energy": 57.528212, "activity_lines": [ 41.074, 43.216364, 45.886261, 48.628598 ] } ], "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." } } }