{ "ticker": { "uuid": "81a209f7-cfad-4611-8863-33c999d05af9", "symbol": "002760", "name": "Fengxing 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": -58.028, "architecture_energy": 44.106, "architecture_maturity": 58.969, "architecture_confidence": 84.666, "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": 14.11, "rotation_up": 24.0, "upward_expansion": 6.55, "deceleration": 60.31, "rotation_down": 48.22, "downward_expansion": 77.55 }, "activity_lines": [ 16.495333, 16.632, 18.194381, 19.32529 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 17.379999, "trend_reference": 20.677333, "distance_from_trend": -0.159466, "trend_direction": "Weakening", "fair_value": 19.149104, "distance_from_fair_value": -0.092386, "fair_value_direction": "Weakening", "relative_strength": -20.494753, "relative_strength_direction": "Weakening", "price_momentum": -0.267285, "excess_performance": -0.274685, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.159466, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.08004, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.092386, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.251312, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.204948, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.080752, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.267285, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.755349, "read": "Supply-led" } ], "volume": { "latest": 20246138, "relative_activity": 0.853969, "balance": 0.755349, "dry_up": 1.261702, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.135567, "annualized_volatility": 0.4435, "from_high_reference": -0.344151, "from_low_reference": 0.257598 }, "levels": { "trend_reference": 20.677333, "fair_value_reference": 19.149104, "structural_low": 13.82, "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": 18, "median_return": 0.015894, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.024925, "regime_survival": 0.833333, "best_return": 0.201515, "worst_return": -0.225263, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": -0.073743, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.031573, "regime_survival": 0.666667, "best_return": 0.402848, "worst_return": -0.310009, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.08379, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.013756, "regime_survival": 0.333333, "best_return": 0.134175, "worst_return": -0.322874, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.1198, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.112898, "regime_survival": 0.0, "best_return": -0.007579, "worst_return": -0.232021, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-20", "end": "2025-01-24", "tenure": "Developing", "return": -0.152114, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-31", "end": "2025-02-07", "tenure": "New", "return": -0.013545, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-02-14", "end": "2025-03-07", "tenure": "New", "return": 0.339634, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-14", "end": "2025-04-04", "tenure": "New", "return": -0.153525, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-11", "end": "2025-08-01", "tenure": "Established", "return": 0.197033, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-08", "end": "2025-09-12", "tenure": "Developing", "return": -0.10848, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-19", "end": "2025-11-07", "tenure": "Developing", "return": 0.132554, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-14", "end": "2025-12-26", "tenure": "Developing", "return": -0.07072, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-01-02", "end": "2026-01-30", "tenure": "Developing", "return": 0.092584, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-06", "end": "2026-03-20", "tenure": "Developing", "return": -0.075809, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-27", "end": "2026-04-03", "tenure": "New", "return": -0.039548, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-10", "end": "2026-04-24", "tenure": "New", "return": 0.020351, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-01", "end": "2026-06-05", "tenure": "Developing", "return": -0.174066, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-12", "end": "2026-08-07", "tenure": "Developing", "return": -0.025785, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 23.228817, "volume": 7416500, "typical_volume": 13333771.45, "trend": 24.023888, "fair_value": 21.643924, "relative_strength": 5.722073, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.262288, "energy": 14.710024, "activity_lines": [ 24.529445, 25.285813, 25.472025, 24.860603 ] }, { "date": "2023-08-04", "close": 24.002449, "volume": 4611200, "typical_volume": 13208740.15, "trend": 24.151365, "fair_value": 21.65781, "relative_strength": 7.395874, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.05312, "energy": 16.93402, "activity_lines": [ 24.184286, 24.971564, 25.389595, 24.859219 ] }, { "date": "2023-08-11", "close": 22.931267, "volume": 3629287, "typical_volume": 13129167.9, "trend": 24.165048, "fair_value": 21.666773, "relative_strength": 6.407954, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -27.74067, "energy": 38.635748, "activity_lines": [ 23.653323, 24.506663, 25.193921, 24.780503 ] }, { "date": "2023-08-18", "close": 23.685061, "volume": 3981639, "typical_volume": 12880524.65, "trend": 24.230433, "fair_value": 21.680694, "relative_strength": 13.041897, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.920213, "energy": 43.872197, "activity_lines": [ 23.535625, 24.242474, 25.062082, 24.749537 ] }, { "date": "2023-08-25", "close": 21.364164, "volume": 7119300, "typical_volume": 12751645.05, "trend": 24.205331, "fair_value": 21.682934, "relative_strength": 4.908432, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.110814, "energy": 56.463003, "activity_lines": [ 22.772572, 23.598141, 24.703099, 24.564616 ] }, { "date": "2023-09-01", "close": 22.157633, "volume": 7397511, "typical_volume": 12652355.6, "trend": 24.182727, "fair_value": 21.685559, "relative_strength": 4.897542, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.013267, "energy": 52.129205, "activity_lines": [ 22.477666, 23.196537, 24.422754, 24.432506 ] }, { "date": "2023-09-08", "close": 24.270245, "volume": 10155284, "typical_volume": 12297739.8, "trend": 24.175094, "fair_value": 21.700723, "relative_strength": 16.052279, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.469829, "energy": 28.955139, "activity_lines": [ 22.958376, 23.257851, 24.343512, 24.438153 ] }, { "date": "2023-09-15", "close": 23.75449, "volume": 5506142, "typical_volume": 11698408.85, "trend": 24.194891, "fair_value": 21.71114, "relative_strength": 14.298945, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -26.18353, "energy": 24.0145, "activity_lines": [ 23.249315, 23.267228, 24.210054, 24.411017 ] }, { "date": "2023-09-22", "close": 23.456938, "volume": 4018400, "typical_volume": 10925200.3, "trend": 24.209035, "fair_value": 21.714195, "relative_strength": 11.755777, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -11.522627, "energy": 11.685447, "activity_lines": [ 23.386188, 23.251719, 24.054663, 24.363407 ] }, { "date": "2023-09-29", "close": 22.931267, "volume": 3658900, "typical_volume": 9941773.9, "trend": 24.245029, "fair_value": 21.725917, "relative_strength": 9.369716, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.286073, "energy": 11.079067, "activity_lines": [ 23.363045, 23.179766, 23.869874, 24.28097 ] }, { "date": "2023-10-13", "close": 21.81049, "volume": 4277532, "typical_volume": 8800562.55, "trend": 24.257443, "fair_value": 21.732898, "relative_strength": 4.134959, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.771924, "energy": 35.111838, "activity_lines": [ 22.861837, 22.931085, 23.59795, 24.123903 ] }, { "date": "2023-10-20", "close": 20.927755, "volume": 5231222, "typical_volume": 8357679.3, "trend": 24.233543, "fair_value": 21.742308, "relative_strength": 4.82105, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.920699, "energy": 62.938803, "activity_lines": [ 22.089527, 22.547695, 23.268821, 23.909085 ] }, { "date": "2023-10-27", "close": 22.812244, "volume": 5355790, "typical_volume": 8101257.6, "trend": 24.285255, "fair_value": 21.765113, "relative_strength": 11.495228, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.564526, "energy": 52.625347, "activity_lines": [ 22.168212, 22.562843, 23.145361, 23.817388 ] }, { "date": "2023-11-03", "close": 24.081797, "volume": 9711253, "typical_volume": 7264895.25, "trend": 24.341226, "fair_value": 21.791043, "relative_strength": 16.176293, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.831221, "energy": 30.269284, "activity_lines": [ 22.732898, 22.810983, 23.160049, 23.804262 ] }, { "date": "2023-11-10", "close": 23.218897, "volume": 26117738, "typical_volume": 7735647.15, "trend": 24.381558, "fair_value": 21.811127, "relative_strength": 10.157753, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.651108, "energy": 19.562922, "activity_lines": [ 22.968294, 22.895018, 23.101625, 23.731853 ] }, { "date": "2023-11-17", "close": 23.56604, "volume": 8379890, "typical_volume": 7764041.65, "trend": 24.429196, "fair_value": 21.837386, "relative_strength": 11.298872, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.129274, "energy": 18.148203, "activity_lines": [ 23.300228, 23.008448, 23.093218, 23.679239 ] }, { "date": "2023-11-24", "close": 23.476776, "volume": 9333391, "typical_volume": 7557956.05, "trend": 24.438423, "fair_value": 21.869278, "relative_strength": 11.914278, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.652987, "energy": 17.545197, "activity_lines": [ 23.485371, 23.080041, 23.090243, 23.617793 ] }, { "date": "2023-12-01", "close": 23.189142, "volume": 4644322, "typical_volume": 7326677.15, "trend": 24.37474, "fair_value": 21.900079, "relative_strength": 11.322333, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.838225, "energy": 10.7026, "activity_lines": [ 23.404702, 23.113763, 23.074609, 23.537194 ] }, { "date": "2023-12-08", "close": 22.197306, "volume": 5778900, "typical_volume": 7078192.4, "trend": 24.188095, "fair_value": 21.915182, "relative_strength": 7.917976, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.969117, "energy": 18.368113, "activity_lines": [ 22.968294, 22.977431, 22.974859, 23.396715 ] }, { "date": "2023-12-15", "close": 21.721224, "volume": 5620305, "typical_volume": 7097225.3, "trend": 24.010517, "fair_value": 21.932874, "relative_strength": 6.987999, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.029059, "energy": 38.461509, "activity_lines": [ 22.498824, 22.77744, 22.846014, 23.237562 ] }, { "date": "2023-12-22", "close": 22.246899, "volume": 6310403, "typical_volume": 7041920.45, "trend": 23.83701, "fair_value": 21.954626, "relative_strength": 11.069904, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.446566, "energy": 43.875082, "activity_lines": [ 22.304425, 22.695028, 22.780081, 23.12378 ] }, { "date": "2023-12-29", "close": 21.74106, "volume": 5982673, "typical_volume": 7110494.1, "trend": 23.680763, "fair_value": 21.971819, "relative_strength": 4.729677, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.126437, "energy": 51.448237, "activity_lines": [ 22.029355, 22.51271, 22.670648, 22.988557 ] }, { "date": "2024-01-05", "close": 21.512939, "volume": 7636700, "typical_volume": 7310864.75, "trend": 23.51678, "fair_value": 21.992564, "relative_strength": 7.775377, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.816557, "energy": 53.268624, "activity_lines": [ 21.793959, 22.274128, 22.550258, 22.848698 ] }, { "date": "2024-01-12", "close": 21.403837, "volume": 5919201, "typical_volume": 7407742.85, "trend": 23.364037, "fair_value": 22.016685, "relative_strength": 8.141267, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.745961, "energy": 47.372714, "activity_lines": [ 21.633943, 22.039333, 22.426231, 22.712379 ] }, { "date": "2024-01-19", "close": 19.559019, "volume": 6190300, "typical_volume": 7361292.85, "trend": 23.123351, "fair_value": 22.034433, "relative_strength": 0.957606, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.852601, "energy": 65.766195, "activity_lines": [ 20.911885, 21.517807, 22.137371, 22.466894 ] }, { "date": "2024-01-26", "close": 19.221794, "volume": 8032000, "typical_volume": 7393017.3, "trend": 22.881012, "fair_value": 22.051525, "relative_strength": -0.781576, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.918239, "energy": 73.671278, "activity_lines": [ 20.221566, 21.001511, 21.824989, 22.21518 ] }, { "date": "2024-02-02", "close": 14.94698, "volume": 7053200, "typical_volume": 7237913.1, "trend": 22.493535, "fair_value": 22.046416, "relative_strength": -16.087034, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -94.643462, "energy": 91.241242, "activity_lines": [ 18.307983, 19.786962, 21.119463, 21.703307 ] }, { "date": "2024-02-09", "close": 13.002979, "volume": 10814261, "typical_volume": 7503319.05, "trend": 22.081592, "fair_value": 22.022264, "relative_strength": -33.085895, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -95.283603, "energy": 97.430334, "activity_lines": [ 16.199338, 18.374046, 20.27319, 21.091013 ] }, { "date": "2024-02-23", "close": 15.472653, "volume": 8375345, "typical_volume": 7721166.3, "trend": 21.743706, "fair_value": 22.007236, "relative_strength": -22.331084, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.355274, "energy": 88.284226, "activity_lines": [ 15.481249, 17.595364, 19.713322, 20.66463 ] }, { "date": "2024-03-01", "close": 15.423061, "volume": 11191013, "typical_volume": 8097771.95, "trend": 21.443841, "fair_value": 21.99471, "relative_strength": -25.354247, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.827411, "energy": 87.392907, "activity_lines": [ 15.142041, 16.929931, 19.186751, 20.256847 ] }, { "date": "2024-03-08", "close": 15.651183, "volume": 5344997, "typical_volume": 8151145.2, "trend": 21.191253, "fair_value": 21.988474, "relative_strength": -23.528611, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.758968, "energy": 77.05574, "activity_lines": [ 15.154604, 16.420488, 18.717659, 19.883127 ] }, { "date": "2024-03-15", "close": 16.613266, "volume": 5736832, "typical_volume": 8176425.7, "trend": 20.944947, "fair_value": 21.986211, "relative_strength": -20.805256, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.727613, "energy": 55.25663, "activity_lines": [ 15.725902, 16.205891, 18.369524, 19.587773 ] }, { "date": "2024-03-22", "close": 17.535673, "volume": 6211095, "typical_volume": 8219190.95, "trend": 20.765094, "fair_value": 21.985034, "relative_strength": -15.965926, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.273351, "energy": 40.020444, "activity_lines": [ 16.493584, 16.252236, 18.129783, 19.36782 ] }, { "date": "2024-03-29", "close": 16.70253, "volume": 5324262, "typical_volume": 7999841.4, "trend": 20.532343, "fair_value": 21.978579, "relative_strength": -18.453679, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.803996, "energy": 32.509769, "activity_lines": [ 16.681371, 16.219416, 17.835822, 19.105719 ] }, { "date": "2024-04-05", "close": 17.129021, "volume": 2932800, "typical_volume": 6840594.5, "trend": 20.391171, "fair_value": 21.979936, "relative_strength": -17.608532, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.265807, "energy": 25.396389, "activity_lines": [ 16.929331, 16.349617, 17.617618, 18.88615 ] }, { "date": "2024-04-12", "close": 16.583509, "volume": 5453550, "typical_volume": 6694277.5, "trend": 20.205367, "fair_value": 21.972029, "relative_strength": -17.413663, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.702314, "energy": 24.796029, "activity_lines": [ 16.881722, 16.424816, 17.37646, 18.640494 ] }, { "date": "2024-04-19", "close": 14.768449, "volume": 7787400, "typical_volume": 6616977.95, "trend": 19.888641, "fair_value": 21.959883, "relative_strength": -26.698409, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.143366, "energy": 39.702364, "activity_lines": [ 16.166938, 16.217973, 16.995689, 18.289725 ] }, { "date": "2024-04-26", "close": 15.036244, "volume": 4078053, "typical_volume": 6588664.5, "trend": 19.598032, "fair_value": 21.945756, "relative_strength": -26.637162, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.162719, "energy": 42.426959, "activity_lines": [ 15.664408, 16.063066, 16.681891, 17.976667 ] }, { "date": "2024-05-03", "close": 15.869388, "volume": 2335500, "typical_volume": 6416494.5, "trend": 19.345114, "fair_value": 21.940229, "relative_strength": -23.314746, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.568199, "energy": 41.668994, "activity_lines": [ 15.60622, 16.022671, 16.486263, 17.73611 ] }, { "date": "2024-05-10", "close": 15.938816, "volume": 4461790, "typical_volume": 6358568.75, "trend": 19.112032, "fair_value": 21.934583, "relative_strength": -23.728715, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.156015, "energy": 43.431638, "activity_lines": [ 15.626718, 15.987687, 16.32738, 17.516348 ] }, { "date": "2024-05-17", "close": 15.899143, "volume": 4340457, "typical_volume": 6260071.45, "trend": 18.914987, "fair_value": 21.926112, "relative_strength": -23.163685, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.734618, "energy": 45.27391, "activity_lines": [ 15.713339, 15.936111, 16.192254, 17.309065 ] }, { "date": "2024-05-24", "close": 15.224694, "volume": 4472178, "typical_volume": 6184546.7, "trend": 18.724885, "fair_value": 21.91382, "relative_strength": -23.618868, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.784542, "energy": 40.315417, "activity_lines": [ 15.620767, 15.7574, 16.023122, 17.070982 ] }, { "date": "2024-05-31", "close": 15.046164, "volume": 3341588, "typical_volume": 5969791.1, "trend": 18.466016, "fair_value": 21.896309, "relative_strength": -23.424657, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.995284, "energy": 46.291809, "activity_lines": [ 15.43827, 15.571476, 15.868018, 16.833645 ] }, { "date": "2024-06-07", "close": 13.399714, "volume": 6893538, "typical_volume": 6018507.95, "trend": 18.109947, "fair_value": 21.868118, "relative_strength": -30.381171, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.127991, "energy": 64.175292, "activity_lines": [ 14.706294, 15.131461, 15.586903, 16.506787 ] }, { "date": "2024-06-14", "close": 13.806367, "volume": 2959500, "typical_volume": 5856967.95, "trend": 17.796196, "fair_value": 21.840966, "relative_strength": -27.632015, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.113258, "energy": 68.813436, "activity_lines": [ 14.274514, 14.825434, 15.382632, 16.229136 ] }, { "date": "2024-06-21", "close": 13.141836, "volume": 4093940, "typical_volume": 5660064.95, "trend": 17.448722, "fair_value": 21.811436, "relative_strength": -29.057437, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.462147, "energy": 77.782071, "activity_lines": [ 13.763387, 14.458996, 15.142466, 15.928855 ] }, { "date": "2024-06-28", "close": 13.092244, "volume": 3793400, "typical_volume": 5497074.95, "trend": 17.102571, "fair_value": 21.779958, "relative_strength": -26.988067, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.075541, "energy": 79.585193, "activity_lines": [ 13.41955, 14.146116, 14.926529, 15.647792 ] }, { "date": "2024-07-05", "close": 12.536817, "volume": 3500440, "typical_volume": 5131383.9, "trend": 16.747494, "fair_value": 21.74107, "relative_strength": -28.20429, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.84494, "energy": 78.529306, "activity_lines": [ 13.032734, 13.762726, 14.666526, 15.353227 ] }, { "date": "2024-07-12", "close": 12.35, "volume": 3751287, "typical_volume": 4900181.0, "trend": 16.41925, "fair_value": 21.682435, "relative_strength": -29.858761, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.168989, "energy": 74.646784, "activity_lines": [ 12.750936, 13.390814, 14.390951, 15.069518 ] }, { "date": "2024-07-19", "close": 11.94, "volume": 2757100, "typical_volume": 4478485.35, "trend": 16.093209, "fair_value": 21.607984, "relative_strength": -31.911095, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.199902, "energy": 81.918914, "activity_lines": [ 12.402452, 13.008345, 14.091198, 14.780534 ] }, { "date": "2024-07-26", "close": 12.06, "volume": 3166500, "typical_volume": 4369560.5, "trend": 15.753646, "fair_value": 21.541559, "relative_strength": -28.141069, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.1552, "energy": 76.09639, "activity_lines": [ 12.218392, 12.7204, 13.819459, 14.520327 ] }, { "date": "2024-08-02", "close": 13.36, "volume": 9350790, "typical_volume": 4550258.4, "trend": 15.474277, "fair_value": 21.471289, "relative_strength": -19.43598, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.561311, "energy": 52.682164, "activity_lines": [ 12.539788, 12.738621, 13.688631, 14.365898 ] }, { "date": "2024-08-09", "close": 13.43, "volume": 11318740, "typical_volume": 4805640.65, "trend": 15.204846, "fair_value": 21.377492, "relative_strength": -17.066331, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.576246, "energy": 39.891131, "activity_lines": [ 12.866667, 12.803473, 13.579962, 14.234009 ] }, { "date": "2024-08-16", "close": 13.31, "volume": 4198100, "typical_volume": 4749332.55, "trend": 14.935051, "fair_value": 21.273524, "relative_strength": -16.927287, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.036033, "energy": 28.695584, "activity_lines": [ 13.094, 12.875892, 13.479415, 14.111761 ] }, { "date": "2024-08-23", "close": 15.48, "volume": 18346538, "typical_volume": 5520019.45, "trend": 14.799084, "fair_value": 21.121127, "relative_strength": -1.172901, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -6.427854, "energy": 17.267339, "activity_lines": [ 13.980667, 13.344487, 13.601689, 14.146919 ] }, { "date": "2024-08-30", "close": 13.62, "volume": 18361220, "typical_volume": 6165402.95, "trend": 14.612358, "fair_value": 20.954157, "relative_strength": -14.23673, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.009756, "energy": 20.320709, "activity_lines": [ 14.011333, 13.444471, 13.554673, 14.070849 ] }, { "date": "2024-09-06", "close": 13.2, "volume": 5652256, "typical_volume": 6058645.75, "trend": 14.554125, "fair_value": 20.775409, "relative_strength": -14.234924, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.608573, "energy": 20.052642, "activity_lines": [ 13.798, 13.459397, 13.481768, 13.979729 ] }, { "date": "2024-09-13", "close": 13.11, "volume": 3724900, "typical_volume": 6040988.1, "trend": 14.557692, "fair_value": 20.703853, "relative_strength": -12.827872, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.344862, "energy": 15.717254, "activity_lines": [ 13.565333, 13.456, 13.407762, 13.88656 ] }, { "date": "2024-09-20", "close": 12.97, "volume": 2719500, "typical_volume": 6060188.1, "trend": 14.474271, "fair_value": 20.64528, "relative_strength": -14.075269, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.412083, "energy": 24.320851, "activity_lines": [ 13.307333, 13.416727, 13.329594, 13.784128 ] }, { "date": "2024-09-27", "close": 14.85, "volume": 8963200, "typical_volume": 6285258.6, "trend": 14.455169, "fair_value": 20.602418, "relative_strength": -15.83039, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.91269, "energy": 8.871237, "activity_lines": [ 13.698667, 13.708, 13.444281, 13.808369 ] }, { "date": "2024-10-04", "close": 15.86, "volume": 4802561, "typical_volume": 6308363.8, "trend": 14.462129, "fair_value": 20.56256, "relative_strength": -18.091946, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.283776, "energy": 28.877849, "activity_lines": [ 14.468667, 14.13, 13.660343, 13.899003 ] }, { "date": "2024-10-11", "close": 15.57, "volume": 15188217, "typical_volume": 6844165.75, "trend": 14.427354, "fair_value": 20.516111, "relative_strength": -15.201901, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 23.336332, "energy": 41.626922, "activity_lines": [ 14.992667, 14.430182, 13.848972, 13.970479 ] }, { "date": "2024-10-18", "close": 16.75, "volume": 9078799, "typical_volume": 7131026.3, "trend": 14.401165, "fair_value": 20.484671, "relative_strength": -10.87493, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 45.219395, "energy": 61.578661, "activity_lines": [ 15.752, 14.904727, 14.148338, 14.120327 ] }, { "date": "2024-10-25", "close": 18.870001, "volume": 12839082, "typical_volume": 7428303.5, "trend": 14.473414, "fair_value": 20.471174, "relative_strength": -1.646059, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 57.944491, "energy": 74.234585, "activity_lines": [ 16.975334, 15.704364, 14.641496, 14.408639 ] }, { "date": "2024-11-01", "close": 20.889999, "volume": 26369904, "typical_volume": 8598823.7, "trend": 14.59878, "fair_value": 20.477946, "relative_strength": 10.991912, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 91.624582, "energy": 92.088068, "activity_lines": [ 18.478667, 16.770182, 15.300985, 14.822612 ] }, { "date": "2024-11-08", "close": 20.809999, "volume": 14060804, "typical_volume": 9097166.9, "trend": 14.739662, "fair_value": 20.482123, "relative_strength": 4.216458, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.701313, "energy": 92.903115, "activity_lines": [ 19.552666, 17.723091, 15.919123, 15.223336 ] }, { "date": "2024-11-15", "close": 19.73, "volume": 15787161, "typical_volume": 9696854.95, "trend": 14.905048, "fair_value": 20.459122, "relative_strength": 3.146578, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.494558, "energy": 86.398716, "activity_lines": [ 19.936666, 18.348909, 16.39789, 15.545293 ] }, { "date": "2024-11-22", "close": 20.309999, "volume": 11558003, "typical_volume": 10099733.1, "trend": 15.080839, "fair_value": 20.446843, "relative_strength": 9.827958, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.366437, "energy": 85.879922, "activity_lines": [ 20.236666, 18.961454, 16.900286, 15.894 ] }, { "date": "2024-11-29", "close": 20.01, "volume": 18504708, "typical_volume": 10837404.15, "trend": 15.21886, "fair_value": 20.426773, "relative_strength": 7.022899, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.014172, "energy": 67.372935, "activity_lines": [ 20.199333, 19.388545, 17.337095, 16.21201 ] }, { "date": "2024-12-06", "close": 20.110001, "volume": 7100849, "typical_volume": 11054591.6, "trend": 15.357899, "fair_value": 20.396555, "relative_strength": 6.373581, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.981537, "energy": 56.255567, "activity_lines": [ 20.119333, 19.705818, 17.746952, 16.527568 ] }, { "date": "2024-12-13", "close": 19.51, "volume": 8373485, "typical_volume": 11314940.85, "trend": 15.478261, "fair_value": 20.366655, "relative_strength": 4.530087, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.489458, "energy": 48.724952, "activity_lines": [ 19.891333, 19.818364, 18.060762, 16.795445 ] }, { "date": "2024-12-20", "close": 18.209999, "volume": 19031680, "typical_volume": 11798985.35, "trend": 15.577771, "fair_value": 20.313026, "relative_strength": -1.167176, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.424087, "energy": 33.872524, "activity_lines": [ 19.316666, 19.628182, 18.215286, 16.971686 ] }, { "date": "2024-12-27", "close": 17.280001, "volume": 13794265, "typical_volume": 11922761.6, "trend": 15.652233, "fair_value": 20.250029, "relative_strength": -5.500998, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.117384, "energy": 22.160946, "activity_lines": [ 18.533334, 19.220909, 18.258143, 17.081508 ] }, { "date": "2025-01-03", "close": 15.61, "volume": 6266700, "typical_volume": 12026191.6, "trend": 15.725909, "fair_value": 20.192163, "relative_strength": -7.320882, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.834326, "energy": 18.753243, "activity_lines": [ 17.395333, 18.500364, 18.123619, 17.078783 ] }, { "date": "2025-01-10", "close": 15.68, "volume": 6378604, "typical_volume": 11427794.9, "trend": 15.788363, "fair_value": 20.133232, "relative_strength": -5.129903, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.576739, "energy": 22.925391, "activity_lines": [ 16.574, 17.851818, 17.984809, 17.075821 ] }, { "date": "2025-01-17", "close": 15.94, "volume": 7341500, "typical_volume": 10876808.9, "trend": 15.881635, "fair_value": 20.075904, "relative_strength": -6.157783, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.164475, "energy": 24.732877, "activity_lines": [ 16.134667, 17.345273, 17.869809, 17.085604 ] }, { "date": "2025-01-24", "close": 15.44, "volume": 8192740, "typical_volume": 11003833.1, "trend": 15.959894, "fair_value": 20.016949, "relative_strength": -9.506306, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -25.861643, "energy": 34.780604, "activity_lines": [ 15.766667, 16.836364, 17.696143, 17.057111 ] }, { "date": "2025-01-31", "close": 16.98, "volume": 3295388, "typical_volume": 10982357.5, "trend": 16.108, "fair_value": 19.960988, "relative_strength": 1.472991, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.100662, "energy": 35.524344, "activity_lines": [ 16.096667, 16.685455, 17.658476, 17.122925 ] }, { "date": "2025-02-07", "close": 16.75, "volume": 16466744, "typical_volume": 11669719.7, "trend": 16.254667, "fair_value": 19.88822, "relative_strength": -3.57024, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 1.333698, "energy": 13.448869, "activity_lines": [ 16.37, 16.553273, 17.580476, 17.164344 ] }, { "date": "2025-02-14", "close": 16.4, "volume": 13164800, "typical_volume": 11879799.7, "trend": 16.403333, "fair_value": 19.835987, "relative_strength": -7.164704, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.673007, "energy": 13.147913, "activity_lines": [ 16.450667, 16.416727, 17.451143, 17.17372 ] }, { "date": "2025-02-21", "close": 17.309999, "volume": 14871353, "typical_volume": 12383239.3, "trend": 16.578333, "fair_value": 19.798798, "relative_strength": -4.022779, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -0.137851, "energy": 6.919783, "activity_lines": [ 16.786666, 16.513091, 17.401095, 17.232215 ] }, { "date": "2025-02-28", "close": 18.799999, "volume": 38616538, "typical_volume": 13554655.35, "trend": 16.759667, "fair_value": 19.775452, "relative_strength": 7.799786, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.450124, "energy": 24.931376, "activity_lines": [ 17.527999, 16.920363, 17.486047, 17.375548 ] }, { "date": "2025-03-07", "close": 21.969999, "volume": 34244535, "typical_volume": 14812942.15, "trend": 17.044333, "fair_value": 19.761384, "relative_strength": 22.765001, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 75.070184, "energy": 48.946093, "activity_lines": [ 19.101999, 17.893272, 17.857524, 17.711699 ] }, { "date": "2025-03-14", "close": 21.559999, "volume": 120145443, "typical_volume": 20178260.2, "trend": 17.319333, "fair_value": 19.749042, "relative_strength": 18.671421, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.845336, "energy": 60.287145, "activity_lines": [ 20.206666, 18.706363, 18.165095, 18.003032 ] }, { "date": "2025-03-21", "close": 20.1, "volume": 46387133, "typical_volume": 21179121.65, "trend": 17.473333, "fair_value": 19.736742, "relative_strength": 13.582344, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.174919, "energy": 61.684657, "activity_lines": [ 20.503999, 19.145818, 18.320809, 18.18243 ] }, { "date": "2025-03-28", "close": 18.450001, "volume": 26806124, "typical_volume": 21816387.65, "trend": 17.634333, "fair_value": 19.716011, "relative_strength": 5.092475, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.414262, "energy": 56.251833, "activity_lines": [ 20.004667, 19.204909, 18.323143, 18.245441 ] }, { "date": "2025-04-04", "close": 18.25, "volume": 16093563, "typical_volume": 21831707.75, "trend": 17.802667, "fair_value": 19.700054, "relative_strength": 6.418176, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.961191, "energy": 29.161205, "activity_lines": [ 19.362667, 19.182, 18.317666, 18.285161 ] }, { "date": "2025-04-11", "close": 16.85, "volume": 24367500, "typical_volume": 22472182.6, "trend": 17.927333, "fair_value": 19.680991, "relative_strength": 3.663464, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.452657, "energy": 9.040321, "activity_lines": [ 18.290667, 18.853454, 18.185905, 18.223699 ] }, { "date": "2025-04-18", "close": 18.389999, "volume": 31899376, "typical_volume": 23141916.0, "trend": 18.108, "fair_value": 19.671737, "relative_strength": 13.367745, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.696399, "energy": 11.666094, "activity_lines": [ 18.073333, 18.807272, 18.217285, 18.253548 ] }, { "date": "2025-04-25", "close": 18.299999, "volume": 16294350, "typical_volume": 23601591.05, "trend": 18.223, "fair_value": 19.643987, "relative_strength": 10.942561, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.287106, "energy": 11.390346, "activity_lines": [ 18.037333, 18.714909, 18.247809, 18.265935 ] }, { "date": "2025-05-02", "close": 18.65, "volume": 9068300, "typical_volume": 23636331.8, "trend": 18.316, "fair_value": 19.613685, "relative_strength": 12.962754, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.010156, "energy": 7.684793, "activity_lines": [ 18.238, 18.651636, 18.320285, 18.293484 ] }, { "date": "2025-05-09", "close": 19.959999, "volume": 20048700, "typical_volume": 23687182.8, "trend": 18.462333, "fair_value": 19.613674, "relative_strength": 17.73505, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 21.69092, "energy": 12.211363, "activity_lines": [ 18.861999, 18.802181, 18.521619, 18.399548 ] }, { "date": "2025-05-16", "close": 19.82, "volume": 21749122, "typical_volume": 24084925.65, "trend": 18.564666, "fair_value": 19.60223, "relative_strength": 15.891144, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 21.19863, "energy": 17.687754, "activity_lines": [ 19.325333, 18.906181, 18.701285, 18.487139 ] }, { "date": "2025-05-23", "close": 18.82, "volume": 20456468, "typical_volume": 24794414.05, "trend": 18.563, "fair_value": 19.610875, "relative_strength": 10.251089, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 17.492624, "energy": 15.849677, "activity_lines": [ 19.257333, 18.867454, 18.773619, 18.503613 ] }, { "date": "2025-05-30", "close": 18.6, "volume": 14338191, "typical_volume": 25192393.4, "trend": 18.486666, "fair_value": 19.614009, "relative_strength": 9.650732, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.5787, "energy": 26.316865, "activity_lines": [ 19.087333, 18.838545, 18.809714, 18.506 ] }, { "date": "2025-06-06", "close": 19.27, "volume": 9973500, "typical_volume": 25323993.4, "trend": 18.435333, "fair_value": 19.617462, "relative_strength": 11.440674, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.915322, "energy": 25.29689, "activity_lines": [ 19.120667, 18.958727, 18.895714, 18.556537 ] }, { "date": "2025-06-13", "close": 18.469999, "volume": 13402300, "typical_volume": 25584471.4, "trend": 18.393333, "fair_value": 19.619511, "relative_strength": 7.060934, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.631228, "energy": 13.307898, "activity_lines": [ 18.846, 18.918545, 18.889666, 18.558774 ] }, { "date": "2025-06-20", "close": 17.719999, "volume": 14562000, "typical_volume": 26147802.0, "trend": 18.307, "fair_value": 19.615994, "relative_strength": 3.540122, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.589495, "energy": 8.173412, "activity_lines": [ 18.420666, 18.738, 18.797761, 18.515333 ] }, { "date": "2025-06-27", "close": 18.879999, "volume": 15219663, "typical_volume": 26085447.95, "trend": 18.269333, "fair_value": 19.615244, "relative_strength": 5.943394, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.134675, "energy": 10.482951, "activity_lines": [ 18.521999, 18.752545, 18.812809, 18.552301 ] }, { "date": "2025-07-04", "close": 19.15, "volume": 16663659, "typical_volume": 26260390.9, "trend": 18.237333, "fair_value": 19.618559, "relative_strength": 5.67662, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.049014, "energy": 12.031642, "activity_lines": [ 18.709333, 18.807272, 18.843428, 18.609118 ] }, { "date": "2025-07-11", "close": 19.200001, "volume": 14705109, "typical_volume": 26252078.7, "trend": 18.227, "fair_value": 19.617842, "relative_strength": 3.634268, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.866102, "energy": 14.562026, "activity_lines": [ 18.876667, 18.855636, 18.865714, 18.671226 ] }, { "date": "2025-07-18", "close": 19.6, "volume": 20718426, "typical_volume": 25357173.1, "trend": 18.273333, "fair_value": 19.616344, "relative_strength": 3.161735, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 53.715622, "energy": 33.799507, "activity_lines": [ 19.182, 18.966727, 18.917095, 18.759806 ] }, { "date": "2025-07-25", "close": 19.58, "volume": 18307288, "typical_volume": 24560310.75, "trend": 18.35, "fair_value": 19.609986, "relative_strength": 0.32152, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 54.161504, "energy": 43.130011, "activity_lines": [ 19.405333, 19.080727, 18.962762, 18.844107 ] }, { "date": "2025-08-01", "close": 20.17, "volume": 33473002, "typical_volume": 20226688.7, "trend": 18.502, "fair_value": 19.608735, "relative_strength": 4.692313, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 64.218058, "energy": 53.214976, "activity_lines": [ 19.701333, 19.306364, 19.076, 18.961527 ] }, { "date": "2025-08-08", "close": 23.23, "volume": 61965819, "typical_volume": 21005623.0, "trend": 18.753666, "fair_value": 19.632399, "relative_strength": 18.453691, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.194949, "energy": 80.648786, "activity_lines": [ 20.931333, 20.063818, 19.487286, 19.266559 ] }, { "date": "2025-08-15", "close": 22.059999, "volume": 70744951, "typical_volume": 23202564.35, "trend": 18.957666, "fair_value": 19.642885, "relative_strength": 7.242031, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.798021, "energy": 78.564793, "activity_lines": [ 21.499333, 20.524363, 19.772238, 19.479871 ] }, { "date": "2025-08-22", "close": 22.18, "volume": 36055731, "typical_volume": 24200672.75, "trend": 19.182333, "fair_value": 19.638807, "relative_strength": 3.193103, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.941959, "energy": 79.257234, "activity_lines": [ 21.916666, 20.956, 20.051428, 19.687763 ] }, { "date": "2025-08-29", "close": 20.950001, "volume": 29153965, "typical_volume": 24439996.0, "trend": 19.314666, "fair_value": 19.634354, "relative_strength": -6.61808, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.842783, "energy": 71.15491, "activity_lines": [ 21.752, 21.096546, 20.194762, 19.801806 ] }, { "date": "2025-09-05", "close": 20.440001, "volume": 18990489, "typical_volume": 23794551.65, "trend": 19.437666, "fair_value": 19.625811, "relative_strength": -8.127232, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.151891, "energy": 39.907746, "activity_lines": [ 21.326, 21.085637, 20.27, 19.874409 ] }, { "date": "2025-09-12", "close": 20.709999, "volume": 15183410, "typical_volume": 23739004.65, "trend": 19.581333, "fair_value": 19.625687, "relative_strength": -9.27701, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.044021, "energy": 26.214875, "activity_lines": [ 20.972, 21.095455, 20.36119, 19.956494 ] }, { "date": "2025-09-19", "close": 20.52, "volume": 16070149, "typical_volume": 24089097.1, "trend": 19.688333, "fair_value": 19.636207, "relative_strength": -11.083316, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.612408, "energy": 20.061309, "activity_lines": [ 20.722667, 21.042364, 20.422809, 20.017054 ] }, { "date": "2025-09-26", "close": 19.91, "volume": 18716839, "typical_volume": 24022504.05, "trend": 19.725333, "fair_value": 19.645403, "relative_strength": -14.579104, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.805868, "energy": 19.508001, "activity_lines": [ 20.372667, 20.854364, 20.417429, 20.031355 ] }, { "date": "2025-10-03", "close": 20.309999, "volume": 5552106, "typical_volume": 23212653.25, "trend": 19.67, "fair_value": 19.653315, "relative_strength": -14.903979, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.36033, "energy": 17.860224, "activity_lines": [ 20.307333, 20.733454, 20.450381, 20.069075 ] }, { "date": "2025-10-10", "close": 20.299999, "volume": 5200371, "typical_volume": 22449848.4, "trend": 19.628, "fair_value": 19.664255, "relative_strength": -13.830353, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.210094, "energy": 16.173006, "activity_lines": [ 20.281333, 20.597454, 20.480047, 20.10972 ] }, { "date": "2025-10-17", "close": 19.92, "volume": 13883507, "typical_volume": 22427114.2, "trend": 19.622, "fair_value": 19.662158, "relative_strength": -10.956183, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.350738, "energy": 10.221418, "activity_lines": [ 20.138, 20.39, 20.466476, 20.128559 ] }, { "date": "2025-10-24", "close": 21.52, "volume": 16455600, "typical_volume": 22751219.2, "trend": 19.724333, "fair_value": 19.670255, "relative_strength": -7.990933, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.399859, "energy": 17.315389, "activity_lines": [ 20.580666, 20.533636, 20.599, 20.251011 ] }, { "date": "2025-10-31", "close": 22.02, "volume": 19415900, "typical_volume": 23051899.2, "trend": 19.85, "fair_value": 19.674112, "relative_strength": -6.118597, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 56.39003, "energy": 32.091908, "activity_lines": [ 21.123333, 20.778, 20.768428, 20.399118 ] }, { "date": "2025-11-07", "close": 23.24, "volume": 23519996, "typical_volume": 23499799.0, "trend": 20.063, "fair_value": 19.686925, "relative_strength": -0.966379, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 72.79039, "energy": 65.532836, "activity_lines": [ 21.932, 21.247091, 21.037143, 20.617828 ] }, { "date": "2025-11-14", "close": 23.190001, "volume": 13742856, "typical_volume": 23425958.65, "trend": 20.223, "fair_value": 19.710648, "relative_strength": 0.31559, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.388565, "energy": 77.206924, "activity_lines": [ 22.528667, 21.665455, 21.274809, 20.81957 ] }, { "date": "2025-11-21", "close": 21.700001, "volume": 16422880, "typical_volume": 23413919.7, "trend": 20.336333, "fair_value": 19.715293, "relative_strength": -0.819771, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.526352, "energy": 69.445442, "activity_lines": [ 22.436001, 21.762909, 21.350048, 20.91486 ] }, { "date": "2025-11-28", "close": 22.51, "volume": 13028029, "typical_volume": 23330065.7, "trend": 20.465, "fair_value": 19.727401, "relative_strength": -0.485034, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.432224, "energy": 68.302129, "activity_lines": [ 22.494667, 21.989637, 21.490286, 21.055097 ] }, { "date": "2025-12-05", "close": 22.66, "volume": 13740359, "typical_volume": 22981162.35, "trend": 20.555, "fair_value": 19.742617, "relative_strength": -0.91527, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.8441, "energy": 53.958846, "activity_lines": [ 22.537334, 22.207455, 21.629048, 21.19671 ] }, { "date": "2025-12-12", "close": 22.700001, "volume": 24342200, "typical_volume": 23282907.95, "trend": 20.651, "fair_value": 19.761937, "relative_strength": -1.449981, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.281599, "energy": 39.068869, "activity_lines": [ 22.550667, 22.382546, 21.757048, 21.335097 ] }, { "date": "2025-12-19", "close": 22.059999, "volume": 41253474, "typical_volume": 23671931.55, "trend": 20.759, "fair_value": 19.775451, "relative_strength": -3.333785, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.709809, "energy": 29.723457, "activity_lines": [ 22.386667, 22.397818, 21.809238, 21.426 ] }, { "date": "2025-12-26", "close": 21.549999, "volume": 23076800, "typical_volume": 21727480.6, "trend": 20.857333, "fair_value": 19.769796, "relative_strength": -8.749927, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.459745, "energy": 22.511123, "activity_lines": [ 22.128, 22.288364, 21.803857, 21.477032 ] }, { "date": "2026-01-02", "close": 21.709999, "volume": 11016676, "typical_volume": 18741066.85, "trend": 20.938667, "fair_value": 19.771603, "relative_strength": -7.56498, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.35991, "energy": 16.937367, "activity_lines": [ 21.932666, 22.178363, 21.821714, 21.532043 ] }, { "date": "2026-01-09", "close": 22.049999, "volume": 19804966, "typical_volume": 17928528.6, "trend": 21.058, "fair_value": 19.785116, "relative_strength": -10.035367, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.728954, "energy": 16.884644, "activity_lines": [ 21.903999, 22.126727, 21.873619, 21.603742 ] }, { "date": "2026-01-16", "close": 21.51, "volume": 17443100, "typical_volume": 17342985.35, "trend": 21.184333, "fair_value": 19.793654, "relative_strength": -13.167408, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.132457, "energy": 14.907103, "activity_lines": [ 21.735999, 21.976363, 21.874714, 21.632903 ] }, { "date": "2026-01-23", "close": 23.889999, "volume": 32766066, "typical_volume": 18031764.2, "trend": 21.351333, "fair_value": 19.802431, "relative_strength": -4.781821, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.558789, "energy": 30.287357, "activity_lines": [ 22.440666, 22.290181, 22.099809, 21.807462 ] }, { "date": "2026-01-30", "close": 23.719999, "volume": 31823764, "typical_volume": 18863781.9, "trend": 21.503667, "fair_value": 19.815229, "relative_strength": -3.901324, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 60.222187, "energy": 44.941883, "activity_lines": [ 22.966666, 22.560363, 22.292285, 21.960279 ] }, { "date": "2026-02-06", "close": 23.48, "volume": 17030700, "typical_volume": 18911809.45, "trend": 21.646333, "fair_value": 19.823964, "relative_strength": -2.939694, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.172252, "energy": 54.031319, "activity_lines": [ 23.267999, 22.750181, 22.447571, 22.087785 ] }, { "date": "2026-02-13", "close": 23.5, "volume": 12704944, "typical_volume": 18611214.7, "trend": 21.776333, "fair_value": 19.828222, "relative_strength": -4.338958, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.521475, "energy": 59.765071, "activity_lines": [ 23.458, 22.925999, 22.590666, 22.207376 ] }, { "date": "2026-02-27", "close": 25.540001, "volume": 20988829, "typical_volume": 19383050.85, "trend": 21.975, "fair_value": 19.834894, "relative_strength": 0.92441, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.721477, "energy": 72.801827, "activity_lines": [ 24.231333, 23.457454, 22.910952, 22.450193 ] }, { "date": "2026-03-06", "close": 23.139999, "volume": 28721800, "typical_volume": 20559122.3, "trend": 22.074, "fair_value": 19.834762, "relative_strength": -6.335614, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.336917, "energy": 46.855086, "activity_lines": [ 23.936, 23.500909, 22.977762, 22.525355 ] }, { "date": "2026-03-13", "close": 23.379999, "volume": 37042703, "typical_volume": 21717082.1, "trend": 22.079, "fair_value": 19.836989, "relative_strength": -5.676176, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.078816, "energy": 33.354981, "activity_lines": [ 23.770666, 23.568363, 23.053904, 22.609613 ] }, { "date": "2026-03-20", "close": 21.700001, "volume": 21389100, "typical_volume": 21963757.1, "trend": 22.067, "fair_value": 19.836018, "relative_strength": -9.436142, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 24.272327, "energy": 14.432023, "activity_lines": [ 23.068, 23.297091, 22.953571, 22.585161 ] }, { "date": "2026-03-27", "close": 21.24, "volume": 25587719, "typical_volume": 22272348.05, "trend": 22.035667, "fair_value": 19.834748, "relative_strength": -10.337778, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.427947, "energy": 15.257401, "activity_lines": [ 22.330667, 22.942364, 22.808571, 22.531806 ] }, { "date": "2026-04-03", "close": 20.4, "volume": 15856122, "typical_volume": 21889154.35, "trend": 22.017333, "fair_value": 19.826769, "relative_strength": -11.045596, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.500901, "energy": 28.092512, "activity_lines": [ 21.464, 22.449636, 22.587286, 22.426279 ] }, { "date": "2026-04-10", "close": 21.620001, "volume": 15116500, "typical_volume": 21957836.55, "trend": 22.056666, "fair_value": 19.829071, "relative_strength": -11.781202, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.778793, "energy": 25.660084, "activity_lines": [ 21.346667, 22.198909, 22.495714, 22.400645 ] }, { "date": "2026-04-17", "close": 21.9, "volume": 14730979, "typical_volume": 21873241.5, "trend": 22.096333, "fair_value": 19.825849, "relative_strength": -13.862088, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -15.613653, "energy": 27.925809, "activity_lines": [ 21.424, 22.040364, 22.438286, 22.390538 ] }, { "date": "2026-04-24", "close": 22.059999, "volume": 30420103, "typical_volume": 22742845.2, "trend": 22.147666, "fair_value": 19.826176, "relative_strength": -13.156951, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -12.434885, "energy": 16.130252, "activity_lines": [ 21.653333, 21.944, 22.395143, 22.388193 ] }, { "date": "2026-05-01", "close": 22.75, "volume": 18076603, "typical_volume": 22959657.4, "trend": 22.242333, "fair_value": 19.830106, "relative_strength": -11.090778, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.810455, "energy": 2.155289, "activity_lines": [ 22.088667, 21.998909, 22.419857, 22.427054 ] }, { "date": "2026-05-08", "close": 22.98, "volume": 14045720, "typical_volume": 22444833.4, "trend": 22.331333, "fair_value": 19.828696, "relative_strength": -12.419533, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.683458, "energy": 8.666861, "activity_lines": [ 22.5, 22.109273, 22.466047, 22.474645 ] }, { "date": "2026-05-15", "close": 23.860001, "volume": 64082440, "typical_volume": 23586281.7, "trend": 22.45, "fair_value": 19.82075, "relative_strength": -8.595123, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 27.396804, "energy": 20.257296, "activity_lines": [ 23.032667, 22.426182, 22.594714, 22.573269 ] }, { "date": "2026-05-22", "close": 22.98, "volume": 59421075, "typical_volume": 25403495.45, "trend": 22.552, "fair_value": 19.789874, "relative_strength": -11.68952, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.496473, "energy": 22.687964, "activity_lines": [ 23.122667, 22.57, 22.631, 22.607462 ] }, { "date": "2026-05-29", "close": 19.25, "volume": 46385754, "typical_volume": 27171949.35, "trend": 22.476333, "fair_value": 19.739883, "relative_strength": -25.383832, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -56.956665, "energy": 22.525522, "activity_lines": [ 21.897334, 22.042909, 22.305238, 22.39443 ] }, { "date": "2026-06-05", "close": 18.790001, "volume": 5015300, "typical_volume": 26432466.05, "trend": 22.368667, "fair_value": 19.684357, "relative_strength": -25.386434, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -63.497349, "energy": 51.895719, "activity_lines": [ 20.706, 21.476728, 21.947381, 22.156602 ] }, { "date": "2026-06-12", "close": 17.84, "volume": 4335000, "typical_volume": 25777061.05, "trend": 22.188667, "fair_value": 19.629303, "relative_strength": -26.897252, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.224642, "energy": 72.06911, "activity_lines": [ 19.462, 20.782364, 21.514572, 21.86443 ] }, { "date": "2026-06-19", "close": 17.360001, "volume": 16214581, "typical_volume": 24949486.8, "trend": 21.994333, "fair_value": 19.571146, "relative_strength": -33.0143, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.992766, "energy": 81.115775, "activity_lines": [ 18.400667, 20.047273, 21.053524, 21.552903 ] }, { "date": "2026-06-26", "close": 16.120001, "volume": 4064700, "typical_volume": 23561533.6, "trend": 21.808333, "fair_value": 19.507902, "relative_strength": -36.251161, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.082575, "energy": 87.110061, "activity_lines": [ 17.359334, 19.164182, 20.505477, 21.173914 ] }, { "date": "2026-07-03", "close": 17.1, "volume": 4305900, "typical_volume": 22925293.6, "trend": 21.628, "fair_value": 19.445853, "relative_strength": -30.975971, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.902968, "energy": 82.60474, "activity_lines": [ 17.102001, 18.564364, 20.086953, 20.870151 ] }, { "date": "2026-07-10", "close": 16.540001, "volume": 16856200, "typical_volume": 23132856.4, "trend": 21.424, "fair_value": 19.382058, "relative_strength": -30.181056, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.755624, "energy": 81.687008, "activity_lines": [ 16.801334, 17.95291, 19.645477, 20.541893 ] }, { "date": "2026-07-17", "close": 16.950001, "volume": 38002536, "typical_volume": 23983541.75, "trend": 21.232333, "fair_value": 19.320383, "relative_strength": -20.917251, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.438786, "energy": 58.069094, "activity_lines": [ 16.787334, 17.52891, 19.276191, 20.253248 ] }, { "date": "2026-07-24", "close": 15.07, "volume": 41590265, "typical_volume": 24626965.0, "trend": 20.999333, "fair_value": 19.254414, "relative_strength": -29.425582, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.45929, "energy": 58.115534, "activity_lines": [ 16.206001, 16.872728, 18.768762, 19.855678 ] }, { "date": "2026-07-31", "close": 16.219999, "volume": 19812269, "typical_volume": 23765443.3, "trend": 20.821667, "fair_value": 19.194226, "relative_strength": -22.407203, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.950203, "energy": 51.519291, "activity_lines": [ 16.160667, 16.585455, 18.409286, 19.547334 ] }, { "date": "2026-08-07", "close": 17.379999, "volume": 20246138, "typical_volume": 23708295.2, "trend": 20.677333, "fair_value": 19.149104, "relative_strength": -20.494753, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.028312, "energy": 44.105559, "activity_lines": [ 16.495333, 16.632, 18.194381, 19.32529 ] } ], "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." } } }