{ "ticker": { "uuid": "821f7d8c-84c3-43ef-94e9-e8aa816bb0e5", "symbol": "688776", "name": "Guoguang Electric Co.,Ltd.Chengdu", "exchange": "SHH", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "000001.SS", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -67.865, "architecture_energy": 67.356, "architecture_maturity": 48.407, "architecture_confidence": 88.259, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 4.54, "rotation_up": 18.99, "upward_expansion": 12.0, "deceleration": 51.33, "rotation_down": 69.51, "downward_expansion": 87.67 }, "activity_lines": [ 48.419334, 51.877819, 60.193381, 69.027613 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Stable", "price_acceptance": -0.833333 }, "latest_close": 50.880001, "trend_reference": 82.009333, "distance_from_trend": -0.379583, "trend_direction": "Weakening", "fair_value": 75.435594, "distance_from_fair_value": -0.325517, "fair_value_direction": "Weakening", "relative_strength": -39.694542, "relative_strength_direction": "Weakening", "price_momentum": -0.512457, "excess_performance": -0.469253, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.379583, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.134874, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.325517, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.406025, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.396945, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.201044, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.512457, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.363304, "read": "Supply-led" } ], "volume": { "latest": 11698836, "relative_activity": 1.365572, "balance": 0.363304, "dry_up": 1.289528, "accumulation_observations": 2, "distribution_observations": 6 }, "risk": { "range_context": 0.141388, "annualized_volatility": 0.588707, "from_high_reference": -0.6608, "from_low_reference": 0.197176 }, "levels": { "trend_reference": 82.009333, "fair_value_reference": 75.435594, "structural_low": 42.5, "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": 19, "median_return": -0.105238, "positive_rate": 0.263158, "directional_follow_through": 0.736842, "median_excess_return": -0.049803, "regime_survival": 0.894737, "best_return": 0.459003, "worst_return": -0.235571, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": -0.118749, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.138502, "regime_survival": 0.6, "best_return": 0.504893, "worst_return": -0.401346, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.241918, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.192302, "regime_survival": 0.333333, "best_return": 0.488619, "worst_return": -0.472435, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.055541, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.053054, "regime_survival": 0.5, "best_return": 0.374427, "worst_return": -0.485508, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-02-09", "end": "2024-02-23", "tenure": "New", "return": 0.055617, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-03-01", "end": "2024-10-25", "tenure": "Extended", "return": -0.167149, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-11-01", "end": "2024-12-06", "tenure": "Developing", "return": -0.080056, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-13", "end": "2025-01-17", "tenure": "Developing", "return": -0.160855, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-24", "end": "2025-02-14", "tenure": "New", "return": 0.038878, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-21", "end": "2025-03-07", "tenure": "New", "return": 0.247082, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-14", "end": "2025-07-25", "tenure": "Established", "return": 0.415537, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-01", "end": "2025-08-29", "tenure": "Developing", "return": -0.080473, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-09-05", "end": "2025-10-03", "tenure": "Developing", "return": 0.115118, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-10", "end": "2026-01-09", "tenure": "Established", "return": 0.169182, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-16", "end": "2026-03-20", "tenure": "Developing", "return": -0.258333, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-27", "end": "2026-04-03", "tenure": "New", "return": -0.070423, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-10", "end": "2026-05-08", "tenure": "Developing", "return": 0.005638, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-15", "end": "2026-08-07", "tenure": "Established", "return": -0.351765, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 78.202728, "volume": 2395534, "typical_volume": 3335063.6, "trend": 104.079706, "fair_value": 120.911181, "relative_strength": -38.437882, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.680942, "energy": 49.960809, "activity_lines": [ 80.508958, 80.5247, 85.403643, 93.137507 ] }, { "date": "2023-08-04", "close": 85.182983, "volume": 9963788, "typical_volume": 3694223.9, "trend": 102.780062, "fair_value": 120.546608, "relative_strength": -32.592229, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.949493, "energy": 35.99294, "activity_lines": [ 81.795126, 81.231378, 84.782194, 91.918364 ] }, { "date": "2023-08-11", "close": 83.842537, "volume": 7447907, "typical_volume": 3914676.95, "trend": 100.934783, "fair_value": 120.17586, "relative_strength": -30.946719, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.68375, "energy": 32.006133, "activity_lines": [ 82.441851, 81.764797, 84.172849, 90.696588 ] }, { "date": "2023-08-18", "close": 78.22258, "volume": 3361959, "typical_volume": 3939941.6, "trend": 99.311399, "fair_value": 119.756327, "relative_strength": -33.671891, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.148528, "energy": 36.895593, "activity_lines": [ 81.178188, 81.309341, 83.152231, 89.231284 ] }, { "date": "2023-08-25", "close": 63.39822, "volume": 4980245, "typical_volume": 4061504.45, "trend": 97.412077, "fair_value": 119.198326, "relative_strength": -44.322458, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.401807, "energy": 51.328507, "activity_lines": [ 75.331848, 78.139822, 80.880487, 86.914305 ] }, { "date": "2023-09-01", "close": 74.350174, "volume": 7909677, "typical_volume": 4358119.05, "trend": 95.306888, "fair_value": 118.758638, "relative_strength": -35.372245, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.613364, "energy": 45.813602, "activity_lines": [ 74.19197, 77.190844, 79.851081, 85.42644 ] }, { "date": "2023-09-08", "close": 86.076614, "volume": 11144017, "typical_volume": 4800816.2, "trend": 93.537969, "fair_value": 118.441337, "relative_strength": -24.175762, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.642966, "energy": 35.497217, "activity_lines": [ 77.217742, 78.448066, 80.087174, 84.830939 ] }, { "date": "2023-09-15", "close": 100.28537, "volume": 14057805, "typical_volume": 5252716.85, "trend": 92.556866, "fair_value": 118.26676, "relative_strength": -11.198619, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 5.166616, "energy": 4.912841, "activity_lines": [ 84.92019, 82.219916, 81.753497, 85.266255 ] }, { "date": "2023-09-22", "close": 79.930412, "volume": 12997626, "typical_volume": 5819114.5, "trend": 90.970787, "fair_value": 117.901652, "relative_strength": -28.736845, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.530069, "energy": 15.404773, "activity_lines": [ 84.741463, 81.981795, 81.478687, 84.451645 ] }, { "date": "2023-09-29", "close": 84.885101, "volume": 6939041, "typical_volume": 5979328.9, "trend": 89.815117, "fair_value": 117.590175, "relative_strength": -22.642884, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.017593, "energy": 16.987775, "activity_lines": [ 86.100444, 82.711323, 81.736205, 84.05902 ] }, { "date": "2023-10-13", "close": 88.956093, "volume": 6746945, "typical_volume": 6190736.55, "trend": 88.643136, "fair_value": 117.322567, "relative_strength": -17.169769, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.205173, "energy": 14.605994, "activity_lines": [ 87.383964, 84.078308, 82.40222, 84.003599 ] }, { "date": "2023-10-20", "close": 77.199867, "volume": 7660658, "typical_volume": 6484326.4, "trend": 87.39867, "fair_value": 116.95106, "relative_strength": -24.382764, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.422316, "energy": 10.889603, "activity_lines": [ 83.775014, 83.112283, 81.954148, 83.265324 ] }, { "date": "2023-10-27", "close": 77.309097, "volume": 6644394, "typical_volume": 6547483.35, "trend": 86.313168, "fair_value": 116.587373, "relative_strength": -23.896031, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.55024, "energy": 16.91684, "activity_lines": [ 80.794256, 82.311264, 81.572946, 82.614384 ] }, { "date": "2023-11-03", "close": 93.732063, "volume": 14740780, "typical_volume": 7013217.9, "trend": 85.70512, "fair_value": 116.379597, "relative_strength": -6.940533, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.433197, "energy": 2.776815, "activity_lines": [ 84.819573, 84.61503, 82.795574, 83.093022 ] }, { "date": "2023-11-10", "close": 89.263901, "volume": 9420821, "typical_volume": 7238659.5, "trend": 85.17225, "fair_value": 116.135312, "relative_strength": -10.183491, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.955527, "energy": 9.263316, "activity_lines": [ 86.435392, 85.824412, 83.513904, 83.322621 ] }, { "date": "2023-11-17", "close": 92.04409, "volume": 6786645, "typical_volume": 7375142.0, "trend": 84.721179, "fair_value": 115.920211, "relative_strength": -6.571589, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.554329, "energy": 27.74967, "activity_lines": [ 88.68602, 87.068997, 84.433892, 83.765965 ] }, { "date": "2023-11-24", "close": 102.042831, "volume": 9119596, "typical_volume": 7645330.6, "trend": 84.714275, "fair_value": 115.797403, "relative_strength": 4.937801, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 65.372847, "energy": 58.211289, "activity_lines": [ 94.063696, 89.809828, 86.241297, 84.883491 ] }, { "date": "2023-12-01", "close": 96.790276, "volume": 6058086, "typical_volume": 7753828.8, "trend": 84.615739, "fair_value": 115.630674, "relative_strength": 0.873849, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.881478, "energy": 56.524539, "activity_lines": [ 96.034323, 91.305354, 87.454415, 85.662588 ] }, { "date": "2023-12-08", "close": 91.636993, "volume": 5179397, "typical_volume": 7787702.2, "trend": 84.582784, "fair_value": 115.422033, "relative_strength": -1.548332, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.691286, "energy": 51.23122, "activity_lines": [ 94.988443, 91.927467, 88.112441, 86.115572 ] }, { "date": "2023-12-15", "close": 86.741875, "volume": 3826492, "typical_volume": 7869070.65, "trend": 84.49919, "fair_value": 115.17479, "relative_strength": -5.128938, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.372467, "energy": 35.252092, "activity_lines": [ 92.450528, 91.446711, 88.266013, 86.254869 ] }, { "date": "2023-12-22", "close": 87.913528, "volume": 4565064, "typical_volume": 7977547.15, "trend": 84.425571, "fair_value": 114.941788, "relative_strength": -2.105364, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.45283, "energy": 17.339579, "activity_lines": [ 90.4713, 91.145224, 88.495426, 86.475148 ] }, { "date": "2023-12-29", "close": 96.700905, "volume": 5019940, "typical_volume": 7730354.75, "trend": 84.680327, "fair_value": 114.787204, "relative_strength": 6.005826, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.904168, "energy": 20.553053, "activity_lines": [ 91.696568, 92.460397, 89.51549, 87.267105 ] }, { "date": "2024-01-05", "close": 91.349045, "volume": 9451642, "typical_volume": 7830541.5, "trend": 84.870165, "fair_value": 114.590245, "relative_strength": 2.245346, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.582508, "energy": 16.075485, "activity_lines": [ 91.494011, 92.447941, 89.971006, 87.697345 ] }, { "date": "2024-01-12", "close": 88.251122, "volume": 4357965, "typical_volume": 7880341.8, "trend": 85.238776, "fair_value": 114.370752, "relative_strength": 1.005393, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 32.246532, "energy": 15.40411, "activity_lines": [ 90.621562, 91.616954, 90.095737, 87.915472 ] }, { "date": "2024-01-19", "close": 76.216881, "volume": 4951288, "typical_volume": 7878893.95, "trend": 85.245727, "fair_value": 114.055431, "relative_strength": -10.259802, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -3.653958, "energy": 7.538169, "activity_lines": [ 85.963424, 88.697576, 89.026594, 87.333414 ] }, { "date": "2024-01-26", "close": 77.448097, "volume": 4097437, "typical_volume": 7688281.95, "trend": 85.213102, "fair_value": 113.755371, "relative_strength": -10.499993, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.708877, "energy": 24.186052, "activity_lines": [ 82.417358, 86.239275, 88.013669, 86.830341 ] }, { "date": "2024-02-02", "close": 59.436455, "volume": 3436218, "typical_volume": 7302892.0, "trend": 84.451198, "fair_value": 113.313754, "relative_strength": -26.062115, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -44.855644, "energy": 61.114613, "activity_lines": [ 73.565106, 80.771511, 85.270597, 85.167331 ] }, { "date": "2024-02-09", "close": 63.199642, "volume": 6732012, "typical_volume": 6936602.35, "trend": 83.781636, "fair_value": 112.909608, "relative_strength": -24.109325, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.949928, "energy": 69.083624, "activity_lines": [ 68.451547, 76.762625, 83.012782, 83.796263 ] }, { "date": "2024-02-23", "close": 66.714592, "volume": 6857120, "typical_volume": 6629577.05, "trend": 83.218648, "fair_value": 112.540047, "relative_strength": -22.544379, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -63.594898, "energy": 75.527576, "activity_lines": [ 66.386265, 74.003559, 81.266323, 82.695164 ] }, { "date": "2024-03-01", "close": 75.253738, "volume": 10247889, "typical_volume": 6795019.45, "trend": 83.085927, "fair_value": 112.244124, "relative_strength": -12.365518, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.253227, "energy": 69.877053, "activity_lines": [ 68.603133, 73.2502, 80.396048, 82.181299 ] }, { "date": "2024-03-08", "close": 77.557327, "volume": 7797931, "typical_volume": 6847568.75, "trend": 83.064414, "fair_value": 111.971, "relative_strength": -9.413174, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.883143, "energy": 38.848829, "activity_lines": [ 71.652073, 73.12455, 79.791027, 81.824615 ] }, { "date": "2024-03-15", "close": 63.368435, "volume": 18849232, "typical_volume": 7406997.45, "trend": 82.337262, "fair_value": 111.591292, "relative_strength": -25.420254, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.63338, "energy": 38.940451, "activity_lines": [ 69.964102, 70.607396, 77.888962, 80.553906 ] }, { "date": "2024-03-22", "close": 67.121689, "volume": 11303068, "typical_volume": 7639931.15, "trend": 81.7799, "fair_value": 111.246567, "relative_strength": -19.923728, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.522933, "energy": 33.804452, "activity_lines": [ 69.265082, 69.378697, 76.410214, 79.572256 ] }, { "date": "2024-03-29", "close": 59.684689, "volume": 6522344, "typical_volume": 7229009.35, "trend": 81.161971, "fair_value": 110.849937, "relative_strength": -27.847712, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.871757, "energy": 43.827196, "activity_lines": [ 65.825593, 67.238314, 74.271691, 78.146759 ] }, { "date": "2024-04-05", "close": 62.445015, "volume": 4628454, "typical_volume": 6989391.0, "trend": 81.130197, "fair_value": 110.480434, "relative_strength": -24.492577, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.547538, "energy": 56.439906, "activity_lines": [ 63.774873, 66.119197, 72.558187, 76.939213 ] }, { "date": "2024-04-12", "close": 57.609474, "volume": 4068032, "typical_volume": 6853460.35, "trend": 80.572174, "fair_value": 110.079896, "relative_strength": -28.417053, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.437498, "energy": 66.921541, "activity_lines": [ 60.966221, 64.371289, 70.511865, 75.421747 ] }, { "date": "2024-04-19", "close": 55.355537, "volume": 5773339, "typical_volume": 6686147.5, "trend": 79.548138, "fair_value": 109.668435, "relative_strength": -31.575181, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.566349, "energy": 70.7661, "activity_lines": [ 58.736113, 62.574277, 68.414856, 73.794868 ] }, { "date": "2024-04-26", "close": 64.579803, "volume": 5298068, "typical_volume": 6648146.6, "trend": 78.357952, "fair_value": 109.331952, "relative_strength": -20.153638, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.320403, "energy": 51.752207, "activity_lines": [ 60.114954, 62.528602, 67.418669, 72.829169 ] }, { "date": "2024-05-03", "close": 65.940109, "volume": 3040627, "typical_volume": 6541208.1, "trend": 77.891609, "fair_value": 109.010531, "relative_strength": -18.312856, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.348781, "energy": 39.00231, "activity_lines": [ 62.116689, 62.705162, 66.705418, 72.028017 ] }, { "date": "2024-05-10", "close": 70.239471, "volume": 6498473, "typical_volume": 6674807.15, "trend": 77.403421, "fair_value": 108.72545, "relative_strength": -13.864614, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.685164, "energy": 25.306234, "activity_lines": [ 65.134517, 63.677506, 66.523997, 71.534331 ] }, { "date": "2024-05-17", "close": 69.663582, "volume": 3493948, "typical_volume": 6621251.35, "trend": 76.760338, "fair_value": 108.440327, "relative_strength": -14.193447, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.533716, "energy": 23.255379, "activity_lines": [ 67.440751, 64.636311, 66.366311, 71.034987 ] }, { "date": "2024-05-24", "close": 63.606735, "volume": 5621770, "typical_volume": 6651342.85, "trend": 76.307233, "fair_value": 108.115446, "relative_strength": -19.599906, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.053481, "energy": 21.940717, "activity_lines": [ 66.924429, 64.637393, 65.718688, 70.186367 ] }, { "date": "2024-05-31", "close": 66.317421, "volume": 4718571, "typical_volume": 6414689.3, "trend": 75.940844, "fair_value": 107.814741, "relative_strength": -15.740435, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.269426, "energy": 18.529506, "activity_lines": [ 66.761589, 65.126995, 65.486816, 69.541863 ] }, { "date": "2024-06-07", "close": 60.340015, "volume": 5141485, "typical_volume": 6453865.3, "trend": 74.827776, "fair_value": 107.475635, "relative_strength": -21.974542, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.918295, "energy": 29.279754, "activity_lines": [ 64.49044, 64.544419, 64.804866, 68.535358 ] }, { "date": "2024-06-14", "close": 61.829403, "volume": 3878482, "typical_volume": 6400225.0, "trend": 73.913292, "fair_value": 107.151903, "relative_strength": -19.181156, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.197629, "energy": 36.954788, "activity_lines": [ 63.089093, 64.220726, 64.397673, 67.696753 ] }, { "date": "2024-06-21", "close": 58.570503, "volume": 3854705, "typical_volume": 6388088.4, "trend": 72.797506, "fair_value": 106.809781, "relative_strength": -22.302292, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.153897, "energy": 53.595924, "activity_lines": [ 61.162117, 63.315698, 63.74862, 66.706896 ] }, { "date": "2024-06-28", "close": 55.193161, "volume": 3189213, "typical_volume": 6375738.15, "trend": 71.235851, "fair_value": 106.448825, "relative_strength": -25.761846, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.632249, "energy": 70.92723, "activity_lines": [ 58.848898, 61.779135, 62.867808, 65.571132 ] }, { "date": "2024-07-05", "close": 50.162014, "volume": 3312283, "typical_volume": 6204751.7, "trend": 69.681575, "fair_value": 106.057945, "relative_strength": -31.73544, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.449312, "energy": 81.46065, "activity_lines": [ 55.419536, 59.33077, 61.528046, 64.211529 ] }, { "date": "2024-07-12", "close": 47.123402, "volume": 5265271, "typical_volume": 6125159.25, "trend": 68.197789, "fair_value": 105.6515, "relative_strength": -35.84428, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.2611, "energy": 87.967358, "activity_lines": [ 52.054331, 56.592072, 59.960976, 62.756163 ] }, { "date": "2024-07-19", "close": 46.794636, "volume": 3825204, "typical_volume": 5804025.0, "trend": 66.866214, "fair_value": 105.24837, "relative_strength": -36.011257, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.330644, "energy": 89.284225, "activity_lines": [ 49.460644, 54.13572, 58.455886, 61.375315 ] }, { "date": "2024-07-26", "close": 48.020042, "volume": 5566696, "typical_volume": 5692463.25, "trend": 65.536431, "fair_value": 104.859062, "relative_strength": -31.766316, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.147607, "energy": 87.983755, "activity_lines": [ 48.277743, 52.32844, 57.203022, 60.159433 ] }, { "date": "2024-08-02", "close": 48.039967, "volume": 5881986, "typical_volume": 5044100.95, "trend": 63.9144, "fair_value": 104.475149, "relative_strength": -31.61933, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.166835, "energy": 83.304471, "activity_lines": [ 47.804849, 50.9183, 56.092708, 59.030628 ] }, { "date": "2024-08-09", "close": 44.901726, "volume": 6385850, "typical_volume": 4798240.05, "trend": 62.366156, "fair_value": 104.075328, "relative_strength": -34.697897, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.644685, "energy": 81.684754, "activity_lines": [ 46.762753, 49.220604, 54.756508, 57.804004 ] }, { "date": "2024-08-16", "close": 41.464607, "volume": 4462955, "typical_volume": 4695270.6, "trend": 60.806606, "fair_value": 103.657923, "relative_strength": -39.500335, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.886831, "energy": 78.599693, "activity_lines": [ 44.925637, 47.287353, 53.198772, 56.455517 ] }, { "date": "2024-08-23", "close": 38.206818, "volume": 5301771, "typical_volume": 4728936.45, "trend": 59.539603, "fair_value": 103.224472, "relative_strength": -43.171745, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.878602, "energy": 86.618721, "activity_lines": [ 42.379845, 45.104966, 51.417532, 54.997467 ] }, { "date": "2024-08-30", "close": 39.701214, "volume": 5595279, "typical_volume": 4805298.8, "trend": 58.281374, "fair_value": 102.806556, "relative_strength": -40.158703, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.888053, "energy": 86.30042, "activity_lines": [ 40.904705, 43.623789, 49.894036, 53.71757 ] }, { "date": "2024-09-06", "close": 38.425995, "volume": 10834467, "typical_volume": 5058355.2, "trend": 57.581025, "fair_value": 102.385768, "relative_strength": -40.145575, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.401775, "energy": 84.916832, "activity_lines": [ 39.559082, 42.253832, 48.334369, 52.436578 ] }, { "date": "2024-09-13", "close": 37.100964, "volume": 5497115, "typical_volume": 5068307.55, "trend": 56.711069, "fair_value": 101.96184, "relative_strength": -40.396271, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.849455, "energy": 85.466773, "activity_lines": [ 38.412712, 40.947818, 46.729124, 51.115284 ] }, { "date": "2024-09-20", "close": 36.114658, "volume": 2266711, "typical_volume": 5029611.75, "trend": 55.691072, "fair_value": 101.53702, "relative_strength": -41.975433, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.045248, "energy": 75.446434, "activity_lines": [ 37.457625, 39.699949, 45.160797, 49.786483 ] }, { "date": "2024-09-27", "close": 45.270344, "volume": 6549451, "typical_volume": 5032160.65, "trend": 54.691625, "fair_value": 101.176336, "relative_strength": -34.558596, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.640523, "energy": 57.825273, "activity_lines": [ 39.911097, 40.316909, 44.606467, 49.114178 ] }, { "date": "2024-10-04", "close": 52.483315, "volume": 3484831, "typical_volume": 5031704.8, "trend": 53.855825, "fair_value": 100.725873, "relative_strength": -29.19825, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.254243, "energy": 25.25111, "activity_lines": [ 44.29799, 42.273033, 44.857986, 48.971707 ] }, { "date": "2024-10-11", "close": 47.751049, "volume": 10973880, "typical_volume": 5299310.3, "trend": 53.335245, "fair_value": 100.203182, "relative_strength": -32.477057, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.836426, "energy": 26.798747, "activity_lines": [ 46.255321, 43.287594, 44.740624, 48.57785 ] }, { "date": "2024-10-18", "close": 53.798386, "volume": 11391199, "typical_volume": 5632941.7, "trend": 52.891135, "fair_value": 99.784064, "relative_strength": -24.130625, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 7.308526, "energy": 26.16508, "activity_lines": [ 49.606761, 45.406925, 45.274703, 48.60773 ] }, { "date": "2024-10-25", "close": 62.675121, "volume": 13994777, "typical_volume": 6075606.3, "trend": 52.990816, "fair_value": 99.400065, "relative_strength": -12.09839, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 43.865361, "energy": 46.74375, "activity_lines": [ 54.803951, 48.978449, 46.713799, 49.238955 ] }, { "date": "2024-11-01", "close": 64.089821, "volume": 15091446, "typical_volume": 6636254.5, "trend": 53.045643, "fair_value": 99.083603, "relative_strength": -8.864591, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 42.449435, "energy": 48.518066, "activity_lines": [ 58.702011, 52.421547, 48.276509, 49.95502 ] }, { "date": "2024-11-08", "close": 69.668915, "volume": 12217016, "typical_volume": 7054370.05, "trend": 53.447624, "fair_value": 98.807342, "relative_strength": -5.193053, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 46.796198, "energy": 70.03054, "activity_lines": [ 63.205136, 56.408425, 50.359797, 51.027489 ] }, { "date": "2024-11-15", "close": 61.270386, "volume": 9428699, "typical_volume": 7366344.35, "trend": 53.644786, "fair_value": 98.52525, "relative_strength": -12.712974, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.86082, "energy": 64.130544, "activity_lines": [ 63.763045, 58.32343, 51.590376, 51.532183 ] }, { "date": "2024-11-22", "close": 66.251717, "volume": 13998637, "typical_volume": 7900662.05, "trend": 53.700517, "fair_value": 98.276495, "relative_strength": -2.907746, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.977793, "energy": 49.038686, "activity_lines": [ 65.080109, 60.728779, 53.266428, 52.345534 ] }, { "date": "2024-11-29", "close": 59.746098, "volume": 9119830, "typical_volume": 8093390.0, "trend": 53.49405, "fair_value": 97.948492, "relative_strength": -12.748799, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.866641, "energy": 35.63735, "activity_lines": [ 63.398411, 61.421275, 54.24628, 52.735571 ] }, { "date": "2024-12-06", "close": 58.959045, "volume": 6584223, "typical_volume": 8231340.95, "trend": 53.118035, "fair_value": 97.60634, "relative_strength": -14.697485, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.423642, "energy": 25.208647, "activity_lines": [ 61.64963, 61.541008, 55.091066, 53.088152 ] }, { "date": "2024-12-13", "close": 56.856926, "volume": 7386925, "typical_volume": 8322352.4, "trend": 52.691147, "fair_value": 97.065029, "relative_strength": -16.325905, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.11141, "energy": 24.109114, "activity_lines": [ 59.542195, 61.029651, 55.677725, 53.32937 ] }, { "date": "2024-12-20", "close": 55.711216, "volume": 4381256, "typical_volume": 8247315.9, "trend": 52.427963, "fair_value": 96.493277, "relative_strength": -16.394116, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.970947, "energy": 20.467723, "activity_lines": [ 57.906989, 60.230464, 56.113188, 53.524213 ] }, { "date": "2024-12-27", "close": 51.905479, "volume": 5360163, "typical_volume": 8196031.55, "trend": 51.947565, "fair_value": 95.863162, "relative_strength": -21.706564, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.021367, "energy": 19.183661, "activity_lines": [ 55.373815, 58.594594, 56.14967, 53.490505 ] }, { "date": "2025-01-03", "close": 44.702473, "volume": 7771211, "typical_volume": 8361444.35, "trend": 51.426313, "fair_value": 95.203132, "relative_strength": -27.276112, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.398131, "energy": 20.526301, "activity_lines": [ 51.396055, 55.683503, 55.466801, 53.02308 ] }, { "date": "2025-01-10", "close": 46.724895, "volume": 14011167, "typical_volume": 8796914.15, "trend": 50.92283, "fair_value": 94.659914, "relative_strength": -21.662745, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -21.851623, "energy": 27.455898, "activity_lines": [ 49.095344, 53.466901, 54.961124, 52.719762 ] }, { "date": "2025-01-17", "close": 47.711197, "volume": 8948777, "typical_volume": 8964589.05, "trend": 50.560853, "fair_value": 94.08715, "relative_strength": -20.526476, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -20.190388, "energy": 32.235476, "activity_lines": [ 47.939011, 51.745352, 54.508819, 52.51256 ] }, { "date": "2025-01-24", "close": 49.900002, "volume": 9337971, "typical_volume": 8889764.25, "trend": 50.384414, "fair_value": 93.555545, "relative_strength": -16.149312, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.861196, "energy": 36.737688, "activity_lines": [ 48.121994, 50.820999, 54.226829, 52.469925 ] }, { "date": "2025-01-31", "close": 48.009998, "volume": 1319549, "typical_volume": 8680885.95, "trend": 50.31268, "fair_value": 92.97822, "relative_strength": -18.257455, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.826537, "energy": 37.409359, "activity_lines": [ 48.06239, 49.759744, 53.7102, 52.316736 ] }, { "date": "2025-02-07", "close": 50.299999, "volume": 5167357, "typical_volume": 8825918.25, "trend": 50.418567, "fair_value": 92.525944, "relative_strength": -15.142995, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.167286, "energy": 19.460321, "activity_lines": [ 49.025819, 49.446519, 53.359719, 52.315918 ] }, { "date": "2025-02-14", "close": 51.84, "volume": 9867978, "typical_volume": 8991844.6, "trend": 50.586746, "fair_value": 92.078331, "relative_strength": -13.058619, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -3.680464, "energy": 8.35184, "activity_lines": [ 50.129413, 49.585042, 53.088355, 52.407624 ] }, { "date": "2025-02-21", "close": 55.689999, "volume": 12771551, "typical_volume": 9456180.6, "trend": 50.842411, "fair_value": 91.703902, "relative_strength": -6.922158, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.638216, "energy": 14.050117, "activity_lines": [ 52.175333, 50.553003, 53.152374, 52.736866 ] }, { "date": "2025-02-28", "close": 59.099998, "volume": 18035228, "typical_volume": 9809248.0, "trend": 51.211079, "fair_value": 91.330952, "relative_strength": 1.285866, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 51.823457, "energy": 35.264452, "activity_lines": [ 54.825999, 52.162179, 53.525885, 53.269613 ] }, { "date": "2025-03-07", "close": 69.449997, "volume": 19559631, "typical_volume": 10217669.6, "trend": 52.029354, "fair_value": 91.049257, "relative_strength": 17.828889, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 81.247953, "energy": 67.075384, "activity_lines": [ 60.313332, 55.59156, 54.831067, 54.446318 ] }, { "date": "2025-03-14", "close": 63.459999, "volume": 11340307, "typical_volume": 10084946.1, "trend": 52.762534, "fair_value": 90.724862, "relative_strength": 6.442095, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.900727, "energy": 70.641293, "activity_lines": [ 62.374665, 57.612859, 55.491242, 55.183779 ] }, { "date": "2025-03-21", "close": 72.800003, "volume": 17172466, "typical_volume": 10188997.1, "trend": 53.91564, "fair_value": 90.45332, "relative_strength": 24.147162, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.716515, "energy": 83.752955, "activity_lines": [ 66.672, 60.991294, 57.037203, 56.476519 ] }, { "date": "2025-03-28", "close": 85.0, "volume": 28028998, "typical_volume": 10979596.2, "trend": 55.4256, "fair_value": 90.300198, "relative_strength": 44.621335, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.701752, "energy": 92.134718, "activity_lines": [ 73.638667, 66.113818, 59.703592, 58.481961 ] }, { "date": "2025-04-04", "close": 92.540001, "volume": 21486799, "typical_volume": 11582501.2, "trend": 57.2294, "fair_value": 90.219504, "relative_strength": 56.626727, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.555192, "energy": 94.618556, "activity_lines": [ 81.164667, 71.929273, 63.015071, 60.876439 ] }, { "date": "2025-04-11", "close": 79.18, "volume": 33392568, "typical_volume": 12552197.75, "trend": 58.632035, "fair_value": 90.077173, "relative_strength": 37.505943, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.574202, "energy": 79.268666, "activity_lines": [ 82.008001, 74.540364, 64.905266, 62.292606 ] }, { "date": "2025-04-18", "close": 82.599998, "volume": 20594243, "typical_volume": 13125918.4, "trend": 60.181546, "fair_value": 89.958802, "relative_strength": 40.672062, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.848488, "energy": 69.476617, "activity_lines": [ 83.342666, 77.206545, 67.059612, 63.838927 ] }, { "date": "2025-04-25", "close": 79.309998, "volume": 17895064, "typical_volume": 13691460.45, "trend": 61.316201, "fair_value": 89.816035, "relative_strength": 33.863615, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.641891, "energy": 53.286787, "activity_lines": [ 82.304666, 78.687272, 68.791796, 65.07302 ] }, { "date": "2025-05-02", "close": 83.650002, "volume": 10116522, "typical_volume": 13827940.3, "trend": 62.355091, "fair_value": 89.741577, "relative_strength": 41.233685, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.372458, "energy": 46.219953, "activity_lines": [ 82.279333, 80.457636, 70.840405, 66.513911 ] }, { "date": "2025-05-09", "close": 87.75, "volume": 16070702, "typical_volume": 14412412.6, "trend": 63.688389, "fair_value": 89.687831, "relative_strength": 44.749603, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.920192, "energy": 47.04425, "activity_lines": [ 83.710667, 82.465091, 73.151904, 68.152292 ] }, { "date": "2025-05-16", "close": 95.800003, "volume": 22797305, "typical_volume": 15284269.7, "trend": 65.088443, "fair_value": 89.690578, "relative_strength": 55.783063, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.931281, "energy": 51.207745, "activity_lines": [ 88.144668, 85.415273, 76.077504, 70.224009 ] }, { "date": "2025-05-23", "close": 102.0, "volume": 22573510, "typical_volume": 16024384.65, "trend": 66.399272, "fair_value": 89.764771, "relative_strength": 65.094679, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.473638, "energy": 56.729759, "activity_lines": [ 93.537334, 89.013637, 79.384559, 72.6054 ] }, { "date": "2025-05-30", "close": 101.489998, "volume": 30304850, "typical_volume": 16839068.8, "trend": 67.645945, "fair_value": 89.752726, "relative_strength": 62.813572, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.356049, "energy": 64.754621, "activity_lines": [ 97.466667, 91.818545, 82.370196, 74.869318 ] }, { "date": "2025-06-06", "close": 99.0, "volume": 12538783, "typical_volume": 17018569.1, "trend": 68.623648, "fair_value": 89.704475, "relative_strength": 55.521679, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.200436, "energy": 66.847756, "activity_lines": [ 99.087333, 93.649091, 84.857905, 76.89216 ] }, { "date": "2025-06-13", "close": 111.5, "volume": 18418343, "typical_volume": 17472587.7, "trend": 70.297968, "fair_value": 89.710447, "relative_strength": 73.352865, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.641713, "energy": 68.775538, "activity_lines": [ 103.851333, 97.497818, 88.291857, 79.658376 ] }, { "date": "2025-06-20", "close": 95.5, "volume": 14935807, "typical_volume": 18153400.6, "trend": 71.272911, "fair_value": 89.609779, "relative_strength": 47.905541, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.016448, "energy": 47.273149, "activity_lines": [ 101.698666, 98.092727, 89.908667, 81.284314 ] }, { "date": "2025-06-27", "close": 98.989998, "volume": 12057766, "typical_volume": 18497921.05, "trend": 72.581041, "fair_value": 89.470795, "relative_strength": 48.894367, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.143094, "energy": 42.973116, "activity_lines": [ 100.729333, 99.025454, 91.631714, 83.072513 ] }, { "date": "2025-07-04", "close": 105.5, "volume": 11573688, "typical_volume": 18583206.55, "trend": 74.132406, "fair_value": 89.373288, "relative_strength": 54.441905, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.732971, "energy": 45.055234, "activity_lines": [ 102.130666, 100.843818, 93.742905, 85.196317 ] }, { "date": "2025-07-11", "close": 110.5, "volume": 12302628, "typical_volume": 18559760.4, "trend": 75.920508, "fair_value": 89.312104, "relative_strength": 57.6102, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.585282, "energy": 46.070359, "activity_lines": [ 104.931333, 103.095091, 96.074762, 87.542613 ] }, { "date": "2025-07-18", "close": 101.959999, "volume": 14245363, "typical_volume": 18370267.15, "trend": 77.462135, "fair_value": 89.127846, "relative_strength": 42.62254, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.27022, "energy": 41.133332, "activity_lines": [ 104.118666, 103.305454, 97.332285, 89.22258 ] }, { "date": "2025-07-25", "close": 89.830002, "volume": 20559296, "typical_volume": 18420250.4, "trend": 78.726285, "fair_value": 88.935345, "relative_strength": 22.608399, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.110742, "energy": 27.558686, "activity_lines": [ 99.898667, 101.052, 97.230476, 90.020507 ] }, { "date": "2025-08-01", "close": 89.720001, "volume": 16693572, "typical_volume": 18687913.65, "trend": 80.22687, "fair_value": 88.675398, "relative_strength": 22.61514, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.863868, "energy": 15.890337, "activity_lines": [ 96.020001, 98.887091, 97.021143, 90.729779 ] }, { "date": "2025-08-08", "close": 86.220001, "volume": 10679411, "typical_volume": 18363260.9, "trend": 81.543373, "fair_value": 88.376103, "relative_strength": 14.53451, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.520409, "energy": 13.441717, "activity_lines": [ 91.592668, 96.309091, 96.353429, 91.116433 ] }, { "date": "2025-08-15", "close": 88.050003, "volume": 9702729, "typical_volume": 17446947.45, "trend": 82.888, "fair_value": 88.022162, "relative_strength": 14.017935, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.497431, "energy": 18.12883, "activity_lines": [ 89.060668, 94.341455, 95.796096, 91.536215 ] }, { "date": "2025-08-22", "close": 83.860001, "volume": 14208543, "typical_volume": 17083034.65, "trend": 84.02, "fair_value": 87.619085, "relative_strength": 4.112967, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.878915, "energy": 20.943465, "activity_lines": [ 86.628668, 91.811092, 94.825191, 91.598925 ] }, { "date": "2025-08-29", "close": 82.5, "volume": 20224562, "typical_volume": 16424634.35, "trend": 85.169667, "fair_value": 87.183785, "relative_strength": 0.887078, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -27.260671, "energy": 37.975969, "activity_lines": [ 84.950001, 89.536001, 93.766096, 91.500861 ] }, { "date": "2025-09-05", "close": 74.879997, "volume": 14977536, "typical_volume": 16143799.0, "trend": 85.989, "fair_value": 86.690865, "relative_strength": -7.821146, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.086877, "energy": 52.071496, "activity_lines": [ 81.22, 86.111818, 91.965476, 90.837011 ] }, { "date": "2025-09-12", "close": 88.040001, "volume": 26789651, "typical_volume": 16588528.35, "trend": 87.195667, "fair_value": 86.276484, "relative_strength": 5.890125, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.921074, "energy": 36.450798, "activity_lines": [ 82.866, 85.518728, 91.454953, 90.969334 ] }, { "date": "2025-09-19", "close": 85.529999, "volume": 15481650, "typical_volume": 16856784.75, "trend": 88.190333, "fair_value": 85.93494, "relative_strength": 3.380475, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.936273, "energy": 29.051333, "activity_lines": [ 83.553999, 84.786727, 90.66381, 90.861871 ] }, { "date": "2025-09-26", "close": 85.989998, "volume": 21941450, "typical_volume": 17150322.15, "trend": 89.086667, "fair_value": 85.615803, "relative_strength": 3.00535, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.076489, "energy": 21.197751, "activity_lines": [ 84.563332, 84.592363, 89.907524, 90.719914 ] }, { "date": "2025-10-03", "close": 83.5, "volume": 5372010, "typical_volume": 16279057.4, "trend": 89.555, "fair_value": 85.1655, "relative_strength": -1.885398, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -15.209663, "energy": 12.617683, "activity_lines": [ 84.600666, 84.235636, 88.922476, 90.359484 ] }, { "date": "2025-10-10", "close": 100.07, "volume": 17010383, "typical_volume": 16000901.05, "trend": 90.775333, "fair_value": 84.70903, "relative_strength": 16.051182, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.660699, "energy": 14.509405, "activity_lines": [ 90.094666, 87.006727, 89.574095, 91.037871 ] }, { "date": "2025-10-17", "close": 84.0, "volume": 32604407, "typical_volume": 16115878.9, "trend": 91.148667, "fair_value": 84.161685, "relative_strength": -1.592457, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.731743, "energy": 18.700544, "activity_lines": [ 88.552666, 86.667818, 88.704429, 90.600753 ] }, { "date": "2025-10-24", "close": 86.010002, "volume": 16849550, "typical_volume": 16331417.25, "trend": 91.182333, "fair_value": 83.653775, "relative_strength": -2.292603, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.26312, "energy": 16.861083, "activity_lines": [ 87.950001, 86.734727, 88.109476, 90.269226 ] }, { "date": "2025-10-31", "close": 89.900002, "volume": 23559316, "typical_volume": 16588465.9, "trend": 91.094333, "fair_value": 83.149479, "relative_strength": 1.734712, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.262759, "energy": 16.579971, "activity_lines": [ 88.612001, 87.546, 87.946857, 90.186495 ] }, { "date": "2025-11-07", "close": 99.120003, "volume": 28030504, "typical_volume": 17243200.75, "trend": 91.759, "fair_value": 82.748294, "relative_strength": 10.529497, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.308524, "energy": 10.290581, "activity_lines": [ 92.086669, 89.923819, 88.765191, 90.70428 ] }, { "date": "2025-11-14", "close": 88.5, "volume": 35871839, "typical_volume": 18433904.4, "trend": 91.955667, "fair_value": 82.251754, "relative_strength": -1.457761, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.512788, "energy": 10.627709, "activity_lines": [ 90.980001, 90.068546, 88.554858, 90.494022 ] }, { "date": "2025-11-21", "close": 84.199997, "volume": 14912308, "typical_volume": 18600835.4, "trend": 92.118667, "fair_value": 81.739153, "relative_strength": -2.581324, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.53278, "energy": 12.813847, "activity_lines": [ 89.211333, 89.183818, 87.984953, 89.993656 ] }, { "date": "2025-11-28", "close": 87.779999, "volume": 10475245, "typical_volume": 18509466.25, "trend": 92.256333, "fair_value": 81.351838, "relative_strength": -0.2346, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.839781, "energy": 12.55723, "activity_lines": [ 88.622666, 89.019818, 87.857429, 89.713742 ] }, { "date": "2025-12-05", "close": 91.879997, "volume": 13900616, "typical_volume": 18492228.9, "trend": 92.394, "fair_value": 80.969483, "relative_strength": 3.49764, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.003891, "energy": 12.415308, "activity_lines": [ 89.282665, 89.560363, 88.228571, 89.689462 ] }, { "date": "2025-12-12", "close": 100.019997, "volume": 23567110, "typical_volume": 18642619.6, "trend": 92.534667, "fair_value": 80.680634, "relative_strength": 12.207469, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.873572, "energy": 6.803239, "activity_lines": [ 92.523998, 91.473817, 89.422952, 90.181462 ] }, { "date": "2025-12-19", "close": 92.610001, "volume": 27363658, "typical_volume": 19176123.9, "trend": 92.221667, "fair_value": 80.391704, "relative_strength": 3.235941, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.168487, "energy": 12.585452, "activity_lines": [ 93.235332, 91.739636, 89.863095, 90.186322 ] }, { "date": "2025-12-26", "close": 98.269997, "volume": 27622255, "typical_volume": 20023266.1, "trend": 92.114333, "fair_value": 80.121461, "relative_strength": 6.673871, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.50137, "energy": 28.22614, "activity_lines": [ 95.559332, 93.170181, 90.828523, 90.576537 ] }, { "date": "2026-01-02", "close": 100.739998, "volume": 19388063, "typical_volume": 20507532.8, "trend": 92.172333, "fair_value": 79.952568, "relative_strength": 8.186767, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.499151, "energy": 36.9405, "activity_lines": [ 97.768665, 94.790362, 91.971809, 91.133032 ] }, { "date": "2026-01-09", "close": 117.0, "volume": 35509514, "typical_volume": 21572581.35, "trend": 92.355666, "fair_value": 79.928596, "relative_strength": 19.68729, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 76.833234, "energy": 65.256674, "activity_lines": [ 104.533999, 99.099089, 94.603237, 92.734817 ] }, { "date": "2026-01-16", "close": 120.0, "volume": 41827540, "typical_volume": 22652730.25, "trend": 93.172333, "fair_value": 79.901851, "relative_strength": 21.874086, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.419415, "energy": 73.410551, "activity_lines": [ 110.624666, 103.460544, 97.362571, 94.518322 ] }, { "date": "2026-01-23", "close": 118.0, "volume": 22108433, "typical_volume": 23009275.1, "trend": 93.806, "fair_value": 79.765948, "relative_strength": 17.607914, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.896104, "energy": 74.009504, "activity_lines": [ 114.716666, 107.078726, 99.752856, 96.120107 ] }, { "date": "2026-01-30", "close": 104.360001, "volume": 18059741, "typical_volume": 22572779.6, "trend": 93.768, "fair_value": 79.621306, "relative_strength": 3.604915, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.646441, "energy": 65.425632, "activity_lines": [ 112.569334, 107.680545, 100.638761, 96.80101 ] }, { "date": "2026-02-06", "close": 113.839996, "volume": 16965708, "typical_volume": 22646982.5, "trend": 93.879333, "fair_value": 79.579396, "relative_strength": 13.333681, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.155194, "energy": 51.271607, "activity_lines": [ 113.175999, 109.639453, 102.349809, 98.095978 ] }, { "date": "2026-02-13", "close": 107.220001, "volume": 9503600, "typical_volume": 22025090.0, "trend": 94.054666, "fair_value": 79.385256, "relative_strength": 5.427613, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.234067, "energy": 35.539751, "activity_lines": [ 110.702666, 109.920908, 103.295571, 98.956666 ] }, { "date": "2026-02-27", "close": 113.940002, "volume": 10497513, "typical_volume": 22281365.15, "trend": 94.858333, "fair_value": 79.223691, "relative_strength": 8.944739, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.962884, "energy": 29.224248, "activity_lines": [ 111.121334, 111.145273, 104.780238, 100.239591 ] }, { "date": "2026-03-06", "close": 114.129997, "volume": 16155661, "typical_volume": 22238629.05, "trend": 95.672, "fair_value": 79.123765, "relative_strength": 9.323542, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.977564, "energy": 30.567944, "activity_lines": [ 112.007333, 112.15109, 106.138047, 101.482924 ] }, { "date": "2026-03-13", "close": 112.25, "volume": 16884758, "typical_volume": 21452646.6, "trend": 96.539666, "fair_value": 79.025927, "relative_strength": 7.719646, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.019342, "energy": 29.748999, "activity_lines": [ 112.524666, 112.423818, 107.249856, 102.552473 ] }, { "date": "2026-03-20", "close": 89.0, "volume": 14428250, "typical_volume": 21331581.6, "trend": 96.571333, "fair_value": 78.83006, "relative_strength": -11.866931, "stage": 4, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 14.280688, "energy": 9.388408, "activity_lines": [ 104.766, 108.215091, 106.012856, 102.066042 ] }, { "date": "2026-03-27", "close": 85.910004, "volume": 10195110, "typical_volume": 20663371.3, "trend": 96.639666, "fair_value": 78.585153, "relative_strength": -14.005421, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -6.469449, "energy": 16.154999, "activity_lines": [ 97.633334, 103.658, 104.467333, 101.378215 ] }, { "date": "2026-04-03", "close": 79.860001, "volume": 8812985, "typical_volume": 19702495.35, "trend": 96.551666, "fair_value": 78.362885, "relative_strength": -19.077091, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.716456, "energy": 41.245357, "activity_lines": [ 89.904668, 98.566182, 102.364619, 100.295656 ] }, { "date": "2026-04-10", "close": 83.360001, "volume": 7345666, "typical_volume": 18276186.7, "trend": 96.834333, "fair_value": 78.192922, "relative_strength": -17.355864, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.529585, "energy": 52.499002, "activity_lines": [ 85.614668, 94.840546, 100.686952, 99.444581 ] }, { "date": "2026-04-17", "close": 85.449997, "volume": 8889259, "typical_volume": 17975034.25, "trend": 96.748, "fair_value": 78.0229, "relative_strength": -16.433747, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.868476, "energy": 57.480576, "activity_lines": [ 84.072667, 92.124727, 99.232809, 98.710107 ] }, { "date": "2026-04-24", "close": 79.800003, "volume": 8253925, "typical_volume": 17863968.25, "trend": 96.557, "fair_value": 77.859759, "relative_strength": -22.16887, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.219309, "energy": 66.300386, "activity_lines": [ 82.434001, 88.725455, 97.234619, 97.616688 ] }, { "date": "2026-05-01", "close": 80.959999, "volume": 7999216, "typical_volume": 17568898.25, "trend": 96.389333, "fair_value": 77.701962, "relative_strength": -21.393389, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.426526, "energy": 58.895161, "activity_lines": [ 81.795333, 86.156, 95.384905, 96.61043 ] }, { "date": "2026-05-08", "close": 83.830002, "volume": 6574374, "typical_volume": 16719261.45, "trend": 96.400333, "fair_value": 77.583886, "relative_strength": -19.590104, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -61.499334, "energy": 60.760557, "activity_lines": [ 82.443334, 84.585819, 93.860524, 95.800151 ] }, { "date": "2026-05-15", "close": 78.489998, "volume": 11514439, "typical_volume": 15926800.5, "trend": 95.681, "fair_value": 77.447627, "relative_strength": -23.471555, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.648487, "energy": 65.156729, "activity_lines": [ 81.046667, 82.592182, 91.904667, 94.644645 ] }, { "date": "2026-05-22", "close": 78.470001, "volume": 11875378, "typical_volume": 15139456.65, "trend": 95.496667, "fair_value": 77.356886, "relative_strength": -22.509701, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.518503, "energy": 57.308777, "activity_lines": [ 79.968, 81.242909, 90.014143, 93.534258 ] }, { "date": "2026-05-29", "close": 64.949997, "volume": 13545519, "typical_volume": 14847329.45, "trend": 94.794666, "fair_value": 77.201118, "relative_strength": -34.419402, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.376008, "energy": 78.140995, "activity_lines": [ 74.847999, 78.049636, 86.930286, 91.563505 ] }, { "date": "2026-06-05", "close": 64.650002, "volume": 2047011, "typical_volume": 13174204.3, "trend": 93.953, "fair_value": 77.037836, "relative_strength": -33.30884, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.55818, "energy": 87.991218, "activity_lines": [ 70.618, 75.239091, 83.988286, 89.618688 ] }, { "date": "2026-06-12", "close": 60.0, "volume": 2583930, "typical_volume": 11212023.8, "trend": 92.649, "fair_value": 76.851565, "relative_strength": -37.445855, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.154961, "energy": 91.887796, "activity_lines": [ 65.925333, 71.969636, 80.852714, 87.428172 ] }, { "date": "2026-06-19", "close": 62.16, "volume": 6980621, "typical_volume": 10455633.2, "trend": 91.771, "fair_value": 76.700963, "relative_strength": -35.194635, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.463324, "energy": 90.355791, "activity_lines": [ 63.541333, 69.454, 78.208572, 85.46114 ] }, { "date": "2026-06-26", "close": 57.389999, "volume": 4736119, "typical_volume": 9789452.1, "trend": 90.877333, "fair_value": 76.574022, "relative_strength": -38.51376, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.197472, "energy": 92.019885, "activity_lines": [ 60.656, 66.456545, 75.376048, 83.243011 ] }, { "date": "2026-07-03", "close": 59.099998, "volume": 2590187, "typical_volume": 9070676.05, "trend": 89.921333, "fair_value": 76.465635, "relative_strength": -36.181292, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.777919, "energy": 88.670818, "activity_lines": [ 59.745999, 64.280181, 72.930047, 81.19286 ] }, { "date": "2026-07-10", "close": 57.200001, "volume": 13206485, "typical_volume": 9255820.3, "trend": 88.765333, "fair_value": 76.329566, "relative_strength": -36.644195, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.891094, "energy": 83.428163, "activity_lines": [ 58.592666, 62.134727, 70.563762, 79.081806 ] }, { "date": "2026-07-17", "close": 46.380001, "volume": 13610772, "typical_volume": 9411483.25, "trend": 86.977333, "fair_value": 76.099351, "relative_strength": -44.55819, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.528417, "energy": 75.052805, "activity_lines": [ 54.329333, 58.454, 67.40519, 76.347269 ] }, { "date": "2026-07-24", "close": 44.869999, "volume": 9964636, "typical_volume": 9101932.0, "trend": 85.386, "fair_value": 75.853091, "relative_strength": -46.27273, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.229001, "energy": 76.681034, "activity_lines": [ 50.470666, 55.179636, 64.424524, 73.630667 ] }, { "date": "2026-07-31", "close": 46.830002, "volume": 8915221, "typical_volume": 8703455.15, "trend": 83.671333, "fair_value": 75.617359, "relative_strength": -43.556743, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.911543, "energy": 71.073337, "activity_lines": [ 48.418001, 52.872909, 61.960333, 71.143183 ] }, { "date": "2026-08-07", "close": 50.880001, "volume": 11698836, "typical_volume": 8566984.45, "trend": 82.009333, "fair_value": 75.435594, "relative_strength": -39.694542, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.865273, "energy": 67.355982, "activity_lines": [ 48.419334, 51.877819, 60.193381, 69.027613 ] } ], "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." } } }