{ "ticker": { "uuid": "82defd55-1743-43f6-ba6d-b1c475e123de", "symbol": "002810", "name": "Shandong Head Group 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": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -23.726, "architecture_energy": 54.029, "architecture_maturity": 9.077, "architecture_confidence": 58.293, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 29.67, "rotation_up": 17.51, "upward_expansion": 29.16, "deceleration": 46.57, "rotation_down": 65.87, "downward_expansion": 54.16 }, "activity_lines": [ 19.633223, 20.805742, 22.373274, 22.364795 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 20.24, "trend_reference": 21.611639, "distance_from_trend": -0.063468, "trend_direction": "Improving", "fair_value": 15.398165, "distance_from_fair_value": 0.314442, "fair_value_direction": "Weakening", "relative_strength": 9.528611, "relative_strength_direction": "Weakening", "price_momentum": 0.135165, "excess_performance": 0.127766, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.063468, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.141098, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.314442, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.578743, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.095286, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.411661, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.135165, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.840886, "read": "Supply-led" } ], "volume": { "latest": 26927170, "relative_activity": 0.514551, "balance": 0.840886, "dry_up": 0.622645, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.13094, "annualized_volatility": 0.560933, "from_high_reference": -0.316909, "from_low_reference": 0.636217 }, "levels": { "trend_reference": 21.611639, "fair_value_reference": 15.398165, "structural_low": 16.99, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 5, "median_return": 0.075577, "positive_rate": 0.8, "directional_follow_through": 0.2, "median_excess_return": -0.044376, "regime_survival": 0.2, "best_return": 0.330688, "worst_return": -0.178261, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": 0.027417, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.058325, "regime_survival": 0.0, "best_return": 0.453988, "worst_return": -0.179348, "sufficient": false }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.058691, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.122191, "regime_survival": 0.25, "best_return": 0.182004, "worst_return": -0.386147, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.101796, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.025136, "regime_survival": 0.333333, "best_return": 0.584729, "worst_return": -0.274423, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-04", "end": "2024-11-29", "tenure": "Developing", "return": -0.045108, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-06", "end": "2025-01-17", "tenure": "Developing", "return": -0.121523, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-24", "end": "2025-02-07", "tenure": "New", "return": 0.009725, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-02-14", "end": "2025-02-28", "tenure": "New", "return": 0.008045, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-07", "end": "2025-04-11", "tenure": "Developing", "return": -0.144385, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-06-27", "tenure": "Developing", "return": 0.050132, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-04", "end": "2025-07-11", "tenure": "New", "return": -0.006966, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-18", "end": "2025-08-01", "tenure": "New", "return": 0.03166, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-08", "end": "2025-09-26", "tenure": "Developing", "return": -0.018032, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-03", "end": "2025-11-21", "tenure": "Developing", "return": -0.054764, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-28", "end": "2025-12-19", "tenure": "New", "return": 0.016923, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-26", "end": "2026-05-29", "tenure": "Established", "return": 0.470246, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-05", "end": "2026-07-24", "tenure": "Developing", "return": -0.124658, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.045454, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 18.279364, "volume": 12577912, "typical_volume": 17062951.5, "trend": 20.335714, "fair_value": 32.560964, "relative_strength": -20.023865, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.35148, "energy": 27.734914, "activity_lines": [ 17.983864, 17.57901, 17.905746, 18.946528 ] }, { "date": "2023-08-04", "close": 18.260094, "volume": 19763389, "typical_volume": 17013400.75, "trend": 20.236561, "fair_value": 32.53612, "relative_strength": -20.449902, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.688373, "energy": 25.318852, "activity_lines": [ 18.125833, 17.7362, 17.873055, 18.812617 ] }, { "date": "2023-08-11", "close": 17.373589, "volume": 10538257, "typical_volume": 16553212.65, "trend": 20.055135, "fair_value": 32.505131, "relative_strength": -20.381585, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.521313, "energy": 24.207713, "activity_lines": [ 17.911273, 17.719303, 17.769559, 18.62791 ] }, { "date": "2023-08-18", "close": 16.612349, "volume": 11526882, "typical_volume": 16130209.45, "trend": 19.852753, "fair_value": 32.47268, "relative_strength": -20.444986, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.604726, "energy": 40.859619, "activity_lines": [ 17.45453, 17.568935, 17.613213, 18.405794 ] }, { "date": "2023-08-25", "close": 15.918563, "volume": 11184858, "typical_volume": 15882954.2, "trend": 19.59599, "fair_value": 32.441621, "relative_strength": -20.309371, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.432365, "energy": 56.494997, "activity_lines": [ 16.864169, 17.290018, 17.413074, 18.151976 ] }, { "date": "2023-09-01", "close": 16.525625, "volume": 17402206, "typical_volume": 16130643.6, "trend": 19.338942, "fair_value": 32.418478, "relative_strength": -18.759307, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.836138, "energy": 66.23111, "activity_lines": [ 16.60978, 17.133741, 17.295073, 17.953888 ] }, { "date": "2023-09-08", "close": 16.737617, "volume": 11010896, "typical_volume": 15579218.95, "trend": 19.03813, "fair_value": 32.381738, "relative_strength": -15.260918, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.1882, "energy": 70.13231, "activity_lines": [ 16.542971, 17.015832, 17.216754, 17.78606 ] }, { "date": "2023-09-15", "close": 16.525625, "volume": 9578235, "typical_volume": 15138686.95, "trend": 18.731515, "fair_value": 32.348055, "relative_strength": -14.318017, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.097856, "energy": 62.627879, "activity_lines": [ 16.506996, 16.870417, 17.129061, 17.623963 ] }, { "date": "2023-09-22", "close": 16.438902, "volume": 11917014, "typical_volume": 15450794.7, "trend": 18.424851, "fair_value": 32.314705, "relative_strength": -14.255094, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.781681, "energy": 44.468758, "activity_lines": [ 16.498645, 16.727805, 17.043536, 17.476052 ] }, { "date": "2023-09-29", "close": 16.515989, "volume": 8009225, "typical_volume": 15132703.6, "trend": 18.177268, "fair_value": 32.294847, "relative_strength": -12.208208, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.297365, "energy": 40.536946, "activity_lines": [ 16.527552, 16.628993, 16.973711, 17.3529 ] }, { "date": "2023-10-13", "close": 16.419632, "volume": 13413279, "typical_volume": 15244442.8, "trend": 17.979828, "fair_value": 32.263938, "relative_strength": -11.446286, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.218357, "energy": 39.471202, "activity_lines": [ 16.484513, 16.53824, 16.903469, 17.239504 ] }, { "date": "2023-10-20", "close": 15.417494, "volume": 9668656, "typical_volume": 14872113.95, "trend": 17.789711, "fair_value": 32.233335, "relative_strength": -11.717589, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.504275, "energy": 51.14592, "activity_lines": [ 16.114493, 16.299094, 16.746643, 17.074192 ] }, { "date": "2023-10-27", "close": 16.130552, "volume": 14954299, "typical_volume": 14497439.75, "trend": 17.610733, "fair_value": 32.210686, "relative_strength": -8.889907, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.979123, "energy": 42.243994, "activity_lines": [ 16.070167, 16.241278, 16.667883, 16.96715 ] }, { "date": "2023-11-03", "close": 18.279364, "volume": 46043013, "typical_volume": 15939137.95, "trend": 17.510328, "fair_value": 32.193443, "relative_strength": 2.8423, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.38501, "energy": 10.278856, "activity_lines": [ 16.768451, 16.596756, 16.800984, 17.010287 ] }, { "date": "2023-11-10", "close": 19.156235, "volume": 43686670, "typical_volume": 17010370.4, "trend": 17.447993, "fair_value": 32.179115, "relative_strength": 6.669256, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 33.34138, "energy": 27.931051, "activity_lines": [ 17.636327, 17.081356, 17.009028, 17.116475 ] }, { "date": "2023-11-17", "close": 18.443176, "volume": 21315628, "typical_volume": 17499755.3, "trend": 17.375464, "fair_value": 32.171006, "relative_strength": 3.061698, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 26.483454, "energy": 35.988469, "activity_lines": [ 18.090501, 17.377442, 17.136957, 17.18068 ] }, { "date": "2023-11-24", "close": 18.684074, "volume": 20203448, "typical_volume": 17387955.75, "trend": 17.364636, "fair_value": 32.162054, "relative_strength": 6.224157, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 38.129228, "energy": 50.900708, "activity_lines": [ 18.490071, 17.682463, 17.278651, 17.265107 ] }, { "date": "2023-12-01", "close": 19.570581, "volume": 31384071, "typical_volume": 17894262.1, "trend": 17.393145, "fair_value": 32.156471, "relative_strength": 12.859581, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 76.625109, "energy": 79.437483, "activity_lines": [ 18.967371, 18.113277, 17.498396, 17.407426 ] }, { "date": "2023-12-08", "close": 18.317909, "volume": 18364381, "typical_volume": 17751908.6, "trend": 17.397262, "fair_value": 32.150229, "relative_strength": 7.769519, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.227656, "energy": 65.777583, "activity_lines": [ 18.797779, 18.260969, 17.589203, 17.467088 ] }, { "date": "2023-12-15", "close": 19.329681, "volume": 16917525, "typical_volume": 17972992.2, "trend": 17.429738, "fair_value": 32.143672, "relative_strength": 15.879302, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.079316, "energy": 60.202576, "activity_lines": [ 18.962874, 18.558457, 17.775222, 17.59176 ] }, { "date": "2023-12-22", "close": 19.445314, "volume": 16498500, "typical_volume": 18169021.6, "trend": 17.468594, "fair_value": 32.13693, "relative_strength": 18.619823, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.436726, "energy": 51.141554, "activity_lines": [ 19.15495, 18.82581, 17.965555, 17.721797 ] }, { "date": "2023-12-29", "close": 20.418545, "volume": 20250859, "typical_volume": 18193395.1, "trend": 17.564201, "fair_value": 32.125566, "relative_strength": 20.421608, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.805251, "energy": 52.812363, "activity_lines": [ 19.604628, 19.215102, 18.243024, 17.912117 ] }, { "date": "2024-01-05", "close": 19.570581, "volume": 15036368, "typical_volume": 18418300.65, "trend": 17.628386, "fair_value": 32.12301, "relative_strength": 20.338384, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.697445, "energy": 49.696641, "activity_lines": [ 19.65602, 19.359291, 18.429457, 18.041561 ] }, { "date": "2024-01-12", "close": 19.406769, "volume": 13866394, "typical_volume": 18535276.25, "trend": 17.725942, "fair_value": 32.121825, "relative_strength": 20.626713, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.999674, "energy": 44.147882, "activity_lines": [ 19.652808, 19.41115, 18.589826, 18.156295 ] }, { "date": "2024-01-19", "close": 17.730118, "volume": 20808231, "typical_volume": 19016444.9, "trend": 17.763843, "fair_value": 32.115482, "relative_strength": 12.816488, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 33.496089, "energy": 23.819592, "activity_lines": [ 19.018121, 19.137665, 18.577208, 18.156564 ] }, { "date": "2024-01-26", "close": 16.564171, "volume": 23624472, "typical_volume": 19327558.2, "trend": 17.765449, "fair_value": 32.099173, "relative_strength": 5.768171, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 4.397668, "energy": 13.224535, "activity_lines": [ 18.101423, 18.678119, 18.44492, 18.079166 ] }, { "date": "2024-02-02", "close": 13.76975, "volume": 21144469, "typical_volume": 19834236.85, "trend": 17.646285, "fair_value": 32.037177, "relative_strength": -4.092738, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -47.063061, "energy": 45.209206, "activity_lines": [ 16.445327, 17.74466, 18.046314, 17.821379 ] }, { "date": "2024-02-09", "close": 14.55026, "volume": 23317812, "typical_volume": 20521215.7, "trend": 17.546392, "fair_value": 31.962915, "relative_strength": -7.081857, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.097712, "energy": 58.323706, "activity_lines": [ 15.492655, 17.042463, 17.736175, 17.621636 ] }, { "date": "2024-02-23", "close": 15.600576, "volume": 15247615, "typical_volume": 20687745.75, "trend": 17.463845, "fair_value": 31.881499, "relative_strength": -2.653429, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.923864, "energy": 62.709195, "activity_lines": [ 15.224775, 16.622511, 17.535472, 17.496099 ] }, { "date": "2024-03-01", "close": 15.417494, "volume": 23800035, "typical_volume": 21477286.25, "trend": 17.380333, "fair_value": 31.796309, "relative_strength": -6.952374, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -63.152002, "energy": 73.142905, "activity_lines": [ 15.149615, 16.218678, 17.321325, 17.364076 ] }, { "date": "2024-03-08", "close": 14.810431, "volume": 14958013, "typical_volume": 21554522.95, "trend": 17.264702, "fair_value": 31.706481, "relative_strength": -9.399709, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.985833, "energy": 61.173823, "activity_lines": [ 15.026275, 15.7756, 17.054593, 17.198276 ] }, { "date": "2024-03-15", "close": 15.224774, "volume": 15656625, "typical_volume": 21853921.4, "trend": 17.163525, "fair_value": 31.594348, "relative_strength": -8.787437, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.461496, "energy": 44.1862, "activity_lines": [ 15.157966, 15.492129, 16.834985, 17.066668 ] }, { "date": "2024-03-22", "close": 14.347905, "volume": 15301907, "typical_volume": 21871301.8, "trend": 17.062669, "fair_value": 31.484071, "relative_strength": -13.181506, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.731742, "energy": 47.855611, "activity_lines": [ 14.900365, 15.143658, 16.532784, 16.885015 ] }, { "date": "2024-03-29", "close": 13.374676, "volume": 16472171, "typical_volume": 20392759.7, "trend": 16.954746, "fair_value": 31.388208, "relative_strength": -17.237932, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.378198, "energy": 60.424712, "activity_lines": [ 14.331845, 14.713195, 16.146383, 16.64708 ] }, { "date": "2024-04-05", "close": 13.692662, "volume": 19215954, "typical_volume": 19169223.9, "trend": 16.880549, "fair_value": 31.286835, "relative_strength": -16.160089, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.627705, "energy": 66.404466, "activity_lines": [ 14.017714, 14.450221, 15.813622, 16.436623 ] }, { "date": "2024-04-12", "close": 14.877881, "volume": 46978862, "typical_volume": 20452385.6, "trend": 16.825625, "fair_value": 31.181202, "relative_strength": -5.562317, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.104062, "energy": 56.004567, "activity_lines": [ 14.213644, 14.476151, 15.619757, 16.307419 ] }, { "date": "2024-04-19", "close": 12.835064, "volume": 35079781, "typical_volume": 21196202.25, "trend": 16.69554, "fair_value": 31.043424, "relative_strength": -18.636371, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.411983, "energy": 61.90391, "activity_lines": [ 13.724139, 14.161318, 15.248314, 16.049963 ] }, { "date": "2024-04-26", "close": 13.50958, "volume": 21126397, "typical_volume": 20683318.55, "trend": 16.595005, "fair_value": 30.925317, "relative_strength": -15.724645, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.396227, "energy": 49.860578, "activity_lines": [ 13.618787, 13.98612, 14.968964, 15.844417 ] }, { "date": "2024-05-03", "close": 14.126279, "volume": 17024196, "typical_volume": 20616309.3, "trend": 16.517917, "fair_value": 30.786237, "relative_strength": -12.82535, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.133227, "energy": 42.413184, "activity_lines": [ 13.774889, 13.94197, 14.777209, 15.685145 ] }, { "date": "2024-05-10", "close": 15.417494, "volume": 62114197, "typical_volume": 22876142.9, "trend": 16.481301, "fair_value": 30.649132, "relative_strength": -6.195507, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.703631, "energy": 33.195903, "activity_lines": [ 14.311289, 14.159392, 14.728387, 15.61415 ] }, { "date": "2024-05-17", "close": 15.003148, "volume": 29533752, "typical_volume": 23527905.5, "trend": 16.434085, "fair_value": 30.513431, "relative_strength": -8.425799, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.789022, "energy": 22.028502, "activity_lines": [ 14.594585, 14.301478, 14.658733, 15.518785 ] }, { "date": "2024-05-24", "close": 14.135916, "volume": 28562003, "typical_volume": 23943462.7, "trend": 16.391365, "fair_value": 30.340087, "relative_strength": -10.940984, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.168245, "energy": 22.787896, "activity_lines": [ 14.580453, 14.282381, 14.527638, 15.370516 ] }, { "date": "2024-05-31", "close": 13.817928, "volume": 15573276, "typical_volume": 23970308.1, "trend": 16.314278, "fair_value": 30.163994, "relative_strength": -12.211791, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.869894, "energy": 23.378623, "activity_lines": [ 14.373601, 14.225266, 14.396177, 15.204488 ] }, { "date": "2024-06-07", "close": 12.989238, "volume": 19321700, "typical_volume": 24243073.4, "trend": 16.13794, "fair_value": 29.997329, "relative_strength": -16.310874, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.898647, "energy": 42.199433, "activity_lines": [ 13.869963, 14.027116, 14.213186, 14.989969 ] }, { "date": "2024-06-14", "close": 12.892879, "volume": 10787663, "typical_volume": 23742045.0, "trend": 15.929162, "fair_value": 29.821964, "relative_strength": -16.699455, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.784433, "energy": 58.661615, "activity_lines": [ 13.410007, 13.818454, 14.051577, 14.78061 ] }, { "date": "2024-06-21", "close": 12.227999, "volume": 12824465, "typical_volume": 23202044.65, "trend": 15.721989, "fair_value": 29.617305, "relative_strength": -19.196651, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.885152, "energy": 75.038817, "activity_lines": [ 12.896733, 13.503447, 13.849681, 14.541826 ] }, { "date": "2024-06-28", "close": 11.351129, "volume": 17182600, "typical_volume": 23003951.2, "trend": 15.477558, "fair_value": 29.38534, "relative_strength": -22.994985, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.597032, "energy": 84.865983, "activity_lines": [ 12.276179, 13.077188, 13.584923, 14.259835 ] }, { "date": "2024-07-05", "close": 11.162387, "volume": 12693278, "typical_volume": 22472724.5, "trend": 15.197285, "fair_value": 29.1644, "relative_strength": -22.754608, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.115345, "energy": 85.097555, "activity_lines": [ 11.778363, 12.643593, 13.313706, 13.981437 ] }, { "date": "2024-07-12", "close": 11.358562, "volume": 14417015, "typical_volume": 22431194.5, "trend": 14.965306, "fair_value": 28.934306, "relative_strength": -22.544371, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.367189, "energy": 83.392965, "activity_lines": [ 11.522975, 12.288343, 13.077305, 13.733777 ] }, { "date": "2024-07-19", "close": 10.877932, "volume": 10520498, "typical_volume": 21767217.65, "trend": 14.683581, "fair_value": 28.700768, "relative_strength": -25.896035, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.413969, "energy": 88.106869, "activity_lines": [ 11.216088, 11.896027, 12.81533, 13.470076 ] }, { "date": "2024-07-26", "close": 10.524816, "volume": 16795181, "typical_volume": 21859076.05, "trend": 14.386231, "fair_value": 28.487968, "relative_strength": -25.394734, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.674528, "energy": 85.960188, "activity_lines": [ 10.925826, 11.522046, 12.541341, 13.201768 ] }, { "date": "2024-08-02", "close": 11.044682, "volume": 16326378, "typical_volume": 21892563.7, "trend": 14.073769, "fair_value": 28.302048, "relative_strength": -20.970757, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.553763, "energy": 74.840926, "activity_lines": [ 10.922399, 11.32401, 12.337272, 12.986184 ] }, { "date": "2024-08-09", "close": 11.015255, "volume": 22126026, "typical_volume": 22233769.65, "trend": 13.788592, "fair_value": 28.123688, "relative_strength": -19.362911, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.948751, "energy": 67.911571, "activity_lines": [ 10.929592, 11.176828, 12.150305, 12.788861 ] }, { "date": "2024-08-16", "close": 10.848506, "volume": 10194752, "typical_volume": 21919898.7, "trend": 13.503316, "fair_value": 27.9353, "relative_strength": -19.858381, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.170139, "energy": 59.348127, "activity_lines": [ 10.891011, 11.050286, 11.963327, 12.599178 ] }, { "date": "2024-08-23", "close": 11.61359, "volume": 33163540, "typical_volume": 22617278.0, "trend": 13.299432, "fair_value": 27.722821, "relative_strength": -12.249748, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.161031, "energy": 44.934007, "activity_lines": [ 11.141461, 11.101773, 11.861243, 12.47726 ] }, { "date": "2024-08-30", "close": 11.868619, "volume": 23385095, "typical_volume": 21437589.65, "trend": 13.142914, "fair_value": 27.514822, "relative_strength": -11.93736, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.150288, "energy": 33.702458, "activity_lines": [ 11.427878, 11.222888, 11.793348, 12.384949 ] }, { "date": "2024-09-06", "close": 11.456651, "volume": 14365778, "typical_volume": 20401889.5, "trend": 13.06581, "fair_value": 27.276216, "relative_strength": -12.548865, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.105412, "energy": 27.646351, "activity_lines": [ 11.487385, 11.275634, 11.700549, 12.276158 ] }, { "date": "2024-09-13", "close": 11.015255, "volume": 16583583, "typical_volume": 20174748.8, "trend": 12.947977, "fair_value": 27.020374, "relative_strength": -14.163163, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.785917, "energy": 27.479368, "activity_lines": [ 11.372295, 11.246207, 11.572275, 12.143864 ] }, { "date": "2024-09-20", "close": 10.868124, "volume": 7509677, "typical_volume": 19699022.85, "trend": 12.790229, "fair_value": 26.78072, "relative_strength": -15.986822, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.158094, "energy": 34.139782, "activity_lines": [ 11.208161, 11.192705, 11.441866, 12.00968 ] }, { "date": "2024-09-27", "close": 12.849497, "volume": 24872470, "typical_volume": 17836936.5, "trend": 12.704629, "fair_value": 26.591297, "relative_strength": -15.417366, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -12.907329, "energy": 10.128431, "activity_lines": [ 11.703178, 11.508369, 11.515675, 12.013504 ] }, { "date": "2024-10-04", "close": 14.134445, "volume": 13958742, "typical_volume": 17058186.0, "trend": 12.682096, "fair_value": 26.438621, "relative_strength": -15.649714, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 20.566205, "energy": 26.941593, "activity_lines": [ 12.544116, 12.021814, 11.724088, 12.10575 ] }, { "date": "2024-10-11", "close": 13.467449, "volume": 47189807, "typical_volume": 17989576.2, "trend": 12.623518, "fair_value": 26.275436, "relative_strength": -15.582377, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.363467, "energy": 37.504308, "activity_lines": [ 13.011668, 12.348357, 11.873115, 12.156418 ] }, { "date": "2024-10-18", "close": 14.006931, "volume": 22960627, "typical_volume": 18358943.75, "trend": 12.612152, "fair_value": 26.13641, "relative_strength": -14.428808, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.113418, "energy": 58.662898, "activity_lines": [ 13.524994, 12.728937, 12.076704, 12.245671 ] }, { "date": "2024-10-25", "close": 14.055975, "volume": 22173206, "typical_volume": 18501519.05, "trend": 12.634862, "fair_value": 25.989709, "relative_strength": -15.955128, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.998747, "energy": 66.209797, "activity_lines": [ 13.855222, 13.064041, 12.284064, 12.338821 ] }, { "date": "2024-11-01", "close": 13.359552, "volume": 31842898, "typical_volume": 19554280.8, "trend": 12.623759, "fair_value": 25.819536, "relative_strength": -18.492218, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.521105, "energy": 55.962154, "activity_lines": [ 13.740786, 13.214204, 12.420018, 12.385575 ] }, { "date": "2024-11-08", "close": 13.830374, "volume": 23058142, "typical_volume": 20065964.65, "trend": 12.588842, "fair_value": 25.649475, "relative_strength": -20.356644, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.619972, "energy": 46.344403, "activity_lines": [ 13.749288, 13.418227, 12.59859, 12.463421 ] }, { "date": "2024-11-15", "close": 14.173681, "volume": 51166406, "typical_volume": 21765154.95, "trend": 12.633462, "fair_value": 25.47641, "relative_strength": -14.611213, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 40.021559, "energy": 38.09092, "activity_lines": [ 13.892496, 13.649, 12.802227, 12.565669 ] }, { "date": "2024-11-22", "close": 12.947583, "volume": 33213524, "typical_volume": 22791167.25, "trend": 12.614729, "fair_value": 25.271877, "relative_strength": -19.066966, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.271282, "energy": 21.748329, "activity_lines": [ 13.579923, 13.607447, 12.875653, 12.585934 ] }, { "date": "2024-11-29", "close": 13.496875, "volume": 20957012, "typical_volume": 23118167.1, "trend": 12.593749, "fair_value": 25.061846, "relative_strength": -16.35072, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 43.702584, "energy": 29.235801, "activity_lines": [ 13.52107, 13.630631, 12.992891, 12.642847 ] }, { "date": "2024-12-06", "close": 13.830374, "volume": 30375713, "typical_volume": 24110927.85, "trend": 12.540845, "fair_value": 24.822597, "relative_strength": -14.923207, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.145714, "energy": 28.822537, "activity_lines": [ 13.610657, 13.666656, 13.131709, 12.722629 ] }, { "date": "2024-12-13", "close": 14.438518, "volume": 42833391, "typical_volume": 25412838.35, "trend": 12.522024, "fair_value": 24.586459, "relative_strength": -9.878061, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.734623, "energy": 35.091583, "activity_lines": [ 13.871571, 13.795419, 13.314385, 12.84506 ] }, { "date": "2024-12-20", "close": 14.615075, "volume": 89185611, "typical_volume": 29055800.0, "trend": 12.537996, "fair_value": 24.326574, "relative_strength": -7.388716, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.124966, "energy": 41.067439, "activity_lines": [ 14.150793, 13.950754, 13.49524, 12.980095 ] }, { "date": "2024-12-27", "close": 13.202612, "volume": 42837938, "typical_volume": 30091395.6, "trend": 12.517485, "fair_value": 24.048494, "relative_strength": -15.489789, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.799232, "energy": 33.037251, "activity_lines": [ 13.929769, 13.828412, 13.524573, 13.022974 ] }, { "date": "2025-01-03", "close": 11.832029, "volume": 23396566, "typical_volume": 30751486.3, "trend": 12.478912, "fair_value": 23.765987, "relative_strength": -17.397359, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 13.251015, "energy": 8.213075, "activity_lines": [ 13.234882, 13.471497, 13.412959, 12.978751 ] }, { "date": "2025-01-10", "close": 11.504465, "volume": 17970243, "typical_volume": 29991821.45, "trend": 12.432631, "fair_value": 23.471816, "relative_strength": -17.79252, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": -9.031372, "energy": 20.629988, "activity_lines": [ 12.541796, 13.09546, 13.265464, 12.915883 ] }, { "date": "2025-01-17", "close": 12.149668, "volume": 15938231, "typical_volume": 29619478.25, "trend": 12.43002, "fair_value": 23.185171, "relative_strength": -15.206364, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -18.246083, "energy": 31.355318, "activity_lines": [ 12.218839, 12.870462, 13.179936, 12.897628 ] }, { "date": "2025-01-24", "close": 12.24893, "volume": 12407006, "typical_volume": 29521539.65, "trend": 12.459947, "fair_value": 22.91938, "relative_strength": -14.641496, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.841407, "energy": 40.776033, "activity_lines": [ 12.081559, 12.694069, 13.102524, 12.885944 ] }, { "date": "2025-01-31", "close": 12.189372, "volume": 2415550, "typical_volume": 28813138.0, "trend": 12.49418, "fair_value": 22.624817, "relative_strength": -13.086114, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.778486, "energy": 47.088985, "activity_lines": [ 12.08217, 12.541844, 13.015667, 12.868488 ] }, { "date": "2025-02-07", "close": 12.368045, "volume": 11157149, "typical_volume": 28995511.6, "trend": 12.527829, "fair_value": 22.378373, "relative_strength": -14.672196, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.348182, "energy": 25.942628, "activity_lines": [ 12.209887, 12.43589, 12.940236, 12.86035 ] }, { "date": "2025-02-14", "close": 12.338266, "volume": 15963693, "typical_volume": 28550072.75, "trend": 12.576507, "fair_value": 22.138518, "relative_strength": -15.657399, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.682482, "energy": 17.105117, "activity_lines": [ 12.291944, 12.345046, 12.854826, 12.84812 ] }, { "date": "2025-02-21", "close": 12.53679, "volume": 19058432, "typical_volume": 28805057.25, "trend": 12.643573, "fair_value": 21.905141, "relative_strength": -15.494445, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -11.496977, "energy": 13.041389, "activity_lines": [ 12.384588, 12.317426, 12.790757, 12.845558 ] }, { "date": "2025-02-28", "close": 12.437528, "volume": 19728428, "typical_volume": 27431988.3, "trend": 12.690001, "fair_value": 21.675063, "relative_strength": -12.584811, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -9.0652, "energy": 10.914977, "activity_lines": [ 12.418337, 12.306335, 12.724843, 12.832265 ] }, { "date": "2025-03-07", "close": 12.993395, "volume": 24292729, "typical_volume": 27498593.4, "trend": 12.755939, "fair_value": 21.469008, "relative_strength": -10.142937, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 0.978194, "energy": 6.553024, "activity_lines": [ 12.624802, 12.435904, 12.716772, 12.851838 ] }, { "date": "2025-03-14", "close": 13.142287, "volume": 21100617, "typical_volume": 27444963.95, "trend": 12.832399, "fair_value": 21.231825, "relative_strength": -9.723888, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 12.398817, "energy": 14.729104, "activity_lines": [ 12.827296, 12.596347, 12.727709, 12.876764 ] }, { "date": "2025-03-21", "close": 12.765092, "volume": 19037218, "typical_volume": 26804679.95, "trend": 12.870782, "fair_value": 20.978362, "relative_strength": -9.528544, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.825788, "energy": 13.190269, "activity_lines": [ 12.852443, 12.664386, 12.707073, 12.872422 ] }, { "date": "2025-03-28", "close": 12.526863, "volume": 21884112, "typical_volume": 26745978.45, "trend": 12.892723, "fair_value": 20.74704, "relative_strength": -10.229411, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -28.635908, "energy": 21.245268, "activity_lines": [ 12.769724, 12.666191, 12.666579, 12.850233 ] }, { "date": "2025-04-04", "close": 12.358118, "volume": 13834804, "typical_volume": 24879398.35, "trend": 12.922772, "fair_value": 20.538486, "relative_strength": -9.052313, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -31.952446, "energy": 15.525824, "activity_lines": [ 12.631419, 12.630457, 12.616221, 12.815743 ] }, { "date": "2025-04-11", "close": 11.117343, "volume": 27359674, "typical_volume": 24586705.85, "trend": 12.926175, "fair_value": 20.340018, "relative_strength": -13.149787, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -77.783224, "energy": 66.754248, "activity_lines": [ 12.084816, 12.367142, 12.45634, 12.699263 ] }, { "date": "2025-04-18", "close": 11.286089, "volume": 13290732, "typical_volume": 24203391.85, "trend": 12.940107, "fair_value": 20.133914, "relative_strength": -11.054268, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.435302, "energy": 79.325459, "activity_lines": [ 11.719533, 12.153999, 12.321246, 12.593451 ] }, { "date": "2025-04-25", "close": 11.454834, "volume": 10312495, "typical_volume": 23200230.95, "trend": 12.893619, "fair_value": 19.92744, "relative_strength": -10.59596, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.166445, "energy": 79.397141, "activity_lines": [ 11.534244, 11.99121, 12.21275, 12.497627 ] }, { "date": "2025-05-02", "close": 11.157048, "volume": 16979095, "typical_volume": 21907516.15, "trend": 12.794372, "fair_value": 19.745206, "relative_strength": -12.316316, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.659538, "energy": 82.360622, "activity_lines": [ 11.337043, 11.790339, 12.087205, 12.38559 ] }, { "date": "2025-05-09", "close": 11.33572, "volume": 13758606, "typical_volume": 18136165.9, "trend": 12.723314, "fair_value": 19.58252, "relative_strength": -12.299068, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.546978, "energy": 73.501102, "activity_lines": [ 11.290721, 11.647041, 11.994303, 12.291484 ] }, { "date": "2025-05-16", "close": 11.951144, "volume": 27536637, "typical_volume": 17371100.85, "trend": 12.654788, "fair_value": 19.430316, "relative_strength": -7.499713, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.445264, "energy": 43.228323, "activity_lines": [ 11.5177, 11.635671, 11.975629, 12.241666 ] }, { "date": "2025-05-23", "close": 12.119889, "volume": 22068567, "typical_volume": 17304700.9, "trend": 12.590252, "fair_value": 19.24233, "relative_strength": -5.321026, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.724025, "energy": 28.318684, "activity_lines": [ 11.745341, 11.673932, 11.978985, 12.207157 ] }, { "date": "2025-05-30", "close": 11.236457, "volume": 36364576, "typical_volume": 18224417.55, "trend": 12.519482, "fair_value": 19.058366, "relative_strength": -10.936627, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.665719, "energy": 28.393941, "activity_lines": [ 11.622917, 11.570158, 11.896833, 12.119815 ] }, { "date": "2025-06-06", "close": 11.246384, "volume": 16696772, "typical_volume": 18262344.6, "trend": 12.433349, "fair_value": 18.839841, "relative_strength": -11.706213, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.631907, "energy": 27.535026, "activity_lines": [ 11.518362, 11.495983, 11.816904, 12.03768 ] }, { "date": "2025-06-13", "close": 11.653358, "volume": 27147227, "typical_volume": 18999355.65, "trend": 12.349338, "fair_value": 18.610063, "relative_strength": -7.610378, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.412003, "energy": 24.140648, "activity_lines": [ 11.543508, 11.519084, 11.780035, 11.987358 ] }, { "date": "2025-06-20", "close": 11.216605, "volume": 12633320, "typical_volume": 19510244.15, "trend": 12.291639, "fair_value": 18.383598, "relative_strength": -9.714915, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.020379, "energy": 36.062859, "activity_lines": [ 11.401894, 11.475589, 11.704407, 11.914278 ] }, { "date": "2025-06-27", "close": 11.851882, "volume": 28056052, "typical_volume": 20355189.3, "trend": 12.236806, "fair_value": 18.154366, "relative_strength": -7.833738, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.04473, "energy": 26.12746, "activity_lines": [ 11.521009, 11.545794, 11.693914, 11.885907 ] }, { "date": "2025-07-04", "close": 12.82465, "volume": 106175594, "typical_volume": 24865784.35, "trend": 12.203282, "fair_value": 17.928343, "relative_strength": -1.407844, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.807301, "energy": 7.71994, "activity_lines": [ 11.982246, 11.782579, 11.778523, 11.923832 ] }, { "date": "2025-07-11", "close": 12.735313, "volume": 37690221, "typical_volume": 25797373.8, "trend": 12.146508, "fair_value": 17.707559, "relative_strength": -3.67143, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.385876, "energy": 27.023894, "activity_lines": [ 12.307825, 11.978215, 11.852307, 11.958157 ] }, { "date": "2025-07-18", "close": 12.854428, "volume": 25864616, "typical_volume": 26104183.2, "trend": 12.08782, "fair_value": 17.561448, "relative_strength": -4.64501, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 28.950167, "energy": 45.001011, "activity_lines": [ 12.573847, 12.166813, 11.936491, 12.003829 ] }, { "date": "2025-07-25", "close": 13.261402, "volume": 59790149, "typical_volume": 27879054.2, "trend": 12.08978, "fair_value": 17.428116, "relative_strength": -3.810944, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.205582, "energy": 59.59569, "activity_lines": [ 12.895456, 12.401793, 12.057449, 12.079544 ] }, { "date": "2025-08-01", "close": 13.261402, "volume": 34782202, "typical_volume": 28563133.45, "trend": 12.137426, "fair_value": 17.29436, "relative_strength": -2.134395, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 69.168952, "energy": 73.76312, "activity_lines": [ 13.080745, 12.612951, 12.17713, 12.155133 ] }, { "date": "2025-08-08", "close": 13.350738, "volume": 29872530, "typical_volume": 29104899.05, "trend": 12.198968, "fair_value": 17.180801, "relative_strength": -2.519813, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.770985, "energy": 72.476786, "activity_lines": [ 13.201845, 12.819596, 12.304753, 12.233411 ] }, { "date": "2025-08-15", "close": 13.549262, "volume": 40875347, "typical_volume": 30054460.8, "trend": 12.245621, "fair_value": 17.070457, "relative_strength": -5.173246, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.906748, "energy": 72.796803, "activity_lines": [ 13.354047, 13.023895, 12.448494, 12.320527 ] }, { "date": "2025-08-22", "close": 13.777565, "volume": 40403536, "typical_volume": 31382897.4, "trend": 12.296576, "fair_value": 16.935349, "relative_strength": -7.370832, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.938856, "energy": 72.839584, "activity_lines": [ 13.528086, 13.227834, 12.609109, 12.419362 ] }, { "date": "2025-08-29", "close": 13.916532, "volume": 62360054, "typical_volume": 33132916.4, "trend": 12.354148, "fair_value": 16.808843, "relative_strength": -9.881552, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.857617, "energy": 73.666022, "activity_lines": [ 13.686906, 13.418417, 12.7762, 12.523875 ] }, { "date": "2025-09-05", "close": 13.678303, "volume": 32863808, "typical_volume": 34111570.2, "trend": 12.397823, "fair_value": 16.668788, "relative_strength": -10.223409, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.955888, "energy": 62.56226, "activity_lines": [ 13.72264, 13.516596, 12.907273, 12.609304 ] }, { "date": "2025-09-12", "close": 13.579041, "volume": 27974138, "typical_volume": 34994652.35, "trend": 12.439182, "fair_value": 16.516136, "relative_strength": -12.718778, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.703825, "energy": 52.688966, "activity_lines": [ 13.697494, 13.56352, 13.017501, 12.685512 ] }, { "date": "2025-09-19", "close": 13.3, "volume": 25536286, "typical_volume": 35422511.9, "trend": 12.464622, "fair_value": 16.383249, "relative_strength": -15.026297, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.142533, "energy": 41.942178, "activity_lines": [ 13.564113, 13.545993, 13.091039, 12.741049 ] }, { "date": "2025-09-26", "close": 13.11, "volume": 17983187, "typical_volume": 35633740.95, "trend": 12.487038, "fair_value": 16.267782, "relative_strength": -16.636938, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.705323, "energy": 27.855374, "activity_lines": [ 13.384017, 13.483653, 13.136277, 12.782686 ] }, { "date": "2025-10-03", "close": 13.33, "volume": 5494740, "typical_volume": 34531646.1, "trend": 12.498258, "fair_value": 16.160162, "relative_strength": -16.747766, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.186611, "energy": 23.434179, "activity_lines": [ 13.321759, 13.456667, 13.194018, 12.83707 ] }, { "date": "2025-10-10", "close": 13.26, "volume": 8156775, "typical_volume": 33836056.5, "trend": 12.502182, "fair_value": 16.042258, "relative_strength": -15.650235, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.954433, "energy": 21.979626, "activity_lines": [ 13.275269, 13.415706, 13.238526, 12.886215 ] }, { "date": "2025-10-17", "close": 12.51, "volume": 18408777, "typical_volume": 32938266.55, "trend": 12.493679, "fair_value": 15.936727, "relative_strength": -15.736865, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.458947, "energy": 16.129517, "activity_lines": [ 13.006667, 13.238407, 13.206177, 12.88672 ] }, { "date": "2025-10-24", "close": 13.21, "volume": 33550784, "typical_volume": 33780967.15, "trend": 12.51645, "fair_value": 15.849587, "relative_strength": -14.578178, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.683418, "energy": 14.015082, "activity_lines": [ 13.042667, 13.203667, 13.23443, 12.932934 ] }, { "date": "2025-10-31", "close": 13.02, "volume": 27928091, "typical_volume": 33820010.35, "trend": 12.538513, "fair_value": 15.767847, "relative_strength": -15.944081, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.66413, "energy": 13.571032, "activity_lines": [ 13.021333, 13.14055, 13.235237, 12.965421 ] }, { "date": "2025-11-07", "close": 13.25, "volume": 20905666, "typical_volume": 34233627.65, "trend": 12.609602, "fair_value": 15.693107, "relative_strength": -14.267363, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.160205, "energy": 12.054815, "activity_lines": [ 13.082667, 13.133025, 13.251442, 13.011323 ] }, { "date": "2025-11-14", "close": 13.87, "volume": 30658431, "typical_volume": 34363746.6, "trend": 12.695732, "fair_value": 15.639947, "relative_strength": -8.568492, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.774174, "energy": 28.347291, "activity_lines": [ 13.356, 13.250346, 13.317011, 13.092639 ] }, { "date": "2025-11-21", "close": 12.6, "volume": 26018105, "typical_volume": 30355872.15, "trend": 12.733904, "fair_value": 15.563772, "relative_strength": -12.102504, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.744778, "energy": 8.341395, "activity_lines": [ 13.165333, 13.133273, 13.252017, 13.086463 ] }, { "date": "2025-11-28", "close": 13.0, "volume": 19814257, "typical_volume": 29462073.95, "trend": 12.795336, "fair_value": 15.49089, "relative_strength": -12.026781, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.545275, "energy": 7.821185, "activity_lines": [ 13.102, 13.106727, 13.226189, 13.10363 ] }, { "date": "2025-12-05", "close": 13.14, "volume": 17870405, "typical_volume": 29062363.4, "trend": 12.855479, "fair_value": 15.417022, "relative_strength": -11.765096, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.400756, "energy": 7.549157, "activity_lines": [ 13.099333, 13.111091, 13.212433, 13.125867 ] }, { "date": "2025-12-12", "close": 12.74, "volume": 19013503, "typical_volume": 27023531.1, "trend": 12.881774, "fair_value": 15.347148, "relative_strength": -14.604188, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 1.432868, "energy": 10.347838, "activity_lines": [ 12.955333, 13.042182, 13.159222, 13.118417 ] }, { "date": "2025-12-19", "close": 13.22, "volume": 20574598, "typical_volume": 26313150.9, "trend": 12.918444, "fair_value": 15.277194, "relative_strength": -10.026375, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.954995, "energy": 9.535276, "activity_lines": [ 13.005333, 13.071273, 13.154209, 13.140238 ] }, { "date": "2025-12-26", "close": 15.46, "volume": 149369482, "typical_volume": 32287998.5, "trend": 13.059229, "fair_value": 15.222327, "relative_strength": 1.811206, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.374271, "energy": 55.0789, "activity_lines": [ 13.845333, 13.508364, 13.362726, 13.304209 ] }, { "date": "2026-01-02", "close": 14.83, "volume": 41892558, "typical_volume": 32338859.05, "trend": 13.178683, "fair_value": 15.171496, "relative_strength": -1.600265, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.145101, "energy": 64.724721, "activity_lines": [ 14.284667, 13.777273, 13.501199, 13.418452 ] }, { "date": "2026-01-09", "close": 14.95, "volume": 75867225, "typical_volume": 34112043.5, "trend": 13.288571, "fair_value": 15.131453, "relative_strength": -4.794915, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.205147, "energy": 70.124301, "activity_lines": [ 14.642, 14.038545, 13.645001, 13.532731 ] }, { "date": "2026-01-16", "close": 15.0, "volume": 58866597, "typical_volume": 33937370.65, "trend": 13.414684, "fair_value": 15.091487, "relative_strength": -5.314967, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.61901, "energy": 73.133981, "activity_lines": [ 14.895333, 14.273818, 13.787983, 13.643146 ] }, { "date": "2026-01-23", "close": 18.59, "volume": 128719287, "typical_volume": 38730144.6, "trend": 13.639288, "fair_value": 15.064394, "relative_strength": 15.862015, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.847261, "energy": 90.572038, "activity_lines": [ 16.194667, 15.13, 14.26771, 13.977037 ] }, { "date": "2026-01-30", "close": 17.83, "volume": 111792702, "typical_volume": 42921072.8, "trend": 13.806133, "fair_value": 15.03328, "relative_strength": 12.846752, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.626851, "energy": 88.879378, "activity_lines": [ 16.882667, 15.762182, 14.651667, 14.247406 ] }, { "date": "2026-02-06", "close": 19.6, "volume": 113764671, "typical_volume": 47332492.05, "trend": 14.034956, "fair_value": 15.007502, "relative_strength": 26.194129, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.281367, "energy": 93.69535, "activity_lines": [ 18.002667, 16.621091, 15.183952, 14.621203 ] }, { "date": "2026-02-13", "close": 19.129999, "volume": 92571378, "typical_volume": 51061901.6, "trend": 14.244141, "fair_value": 14.974764, "relative_strength": 21.0427, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.251314, "energy": 90.263444, "activity_lines": [ 18.648, 17.274545, 15.641476, 14.949916 ] }, { "date": "2026-02-27", "close": 19.610001, "volume": 62638079, "typical_volume": 53919068.55, "trend": 14.455761, "fair_value": 14.935328, "relative_strength": 20.261479, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.384553, "energy": 87.265275, "activity_lines": [ 19.174667, 17.906364, 16.116048, 15.2961 ] }, { "date": "2026-03-06", "close": 19.030001, "volume": 67220393, "typical_volume": 56872249.45, "trend": 14.648048, "fair_value": 14.892418, "relative_strength": 19.012704, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.761555, "energy": 67.255139, "activity_lines": [ 19.200667, 18.307818, 16.505476, 15.591213 ] }, { "date": "2026-03-13", "close": 19.18, "volume": 43298023, "typical_volume": 58116711.75, "trend": 14.842357, "fair_value": 14.851015, "relative_strength": 18.749249, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.985522, "energy": 58.312263, "activity_lines": [ 19.247334, 18.630909, 16.881714, 15.883597 ] }, { "date": "2026-03-20", "close": 20.41, "volume": 69665894, "typical_volume": 59922467.25, "trend": 15.071048, "fair_value": 14.828364, "relative_strength": 29.537397, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.412119, "energy": 58.23452, "activity_lines": [ 19.614, 19.11, 17.343333, 16.242799 ] }, { "date": "2026-03-27", "close": 20.82, "volume": 74585836, "typical_volume": 62255354.5, "trend": 15.305796, "fair_value": 14.818603, "relative_strength": 32.441601, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.200836, "energy": 56.774234, "activity_lines": [ 20.063334, 19.562182, 17.809714, 16.6137 ] }, { "date": "2026-04-03", "close": 22.35, "volume": 139324953, "typical_volume": 68176318.85, "trend": 15.586912, "fair_value": 14.826481, "relative_strength": 45.307386, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.678972, "energy": 62.63386, "activity_lines": [ 20.91, 20.185818, 18.384667, 17.068164 ] }, { "date": "2026-04-10", "close": 23.309999, "volume": 53143566, "typical_volume": 69300575.6, "trend": 15.907968, "fair_value": 14.838084, "relative_strength": 40.394178, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.27909, "energy": 72.23568, "activity_lines": [ 21.894, 20.850364, 19.007714, 17.566428 ] }, { "date": "2026-04-17", "close": 25.780001, "volume": 85989648, "typical_volume": 72299152.75, "trend": 16.314667, "fair_value": 14.866857, "relative_strength": 47.789797, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.270587, "energy": 89.239726, "activity_lines": [ 23.416, 21.878182, 19.821048, 18.203333 ] }, { "date": "2026-04-24", "close": 28.91, "volume": 78086738, "typical_volume": 75212776.8, "trend": 16.835, "fair_value": 14.917393, "relative_strength": 63.034298, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.725845, "energy": 95.118487, "activity_lines": [ 25.541333, 23.330546, 20.869714, 19.015936 ] }, { "date": "2026-05-01", "close": 26.74, "volume": 59765696, "typical_volume": 77307541.35, "trend": 17.289333, "fair_value": 14.95663, "relative_strength": 47.656308, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.774883, "energy": 88.48503, "activity_lines": [ 26.376667, 24.219091, 21.635952, 19.654968 ] }, { "date": "2026-05-08", "close": 28.43, "volume": 50166118, "typical_volume": 78865172.1, "trend": 17.792667, "fair_value": 15.017022, "relative_strength": 50.694751, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.774568, "energy": 89.671455, "activity_lines": [ 27.380667, 25.276545, 22.498381, 20.37372 ] }, { "date": "2026-05-15", "close": 24.639999, "volume": 108397706, "typical_volume": 83256327.5, "trend": 18.172, "fair_value": 15.055, "relative_strength": 29.671426, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.808543, "energy": 64.648256, "activity_lines": [ 26.716, 25.484545, 22.925143, 20.815484 ] }, { "date": "2026-05-22", "close": 26.01, "volume": 49307314, "typical_volume": 78253219.1, "trend": 18.622, "fair_value": 15.1051, "relative_strength": 35.512576, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.001034, "energy": 55.791187, "activity_lines": [ 26.419333, 25.839636, 23.428, 21.321161 ] }, { "date": "2026-05-29", "close": 22.73, "volume": 50342137, "typical_volume": 78675698.05, "trend": 18.939333, "fair_value": 15.133143, "relative_strength": 18.106447, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.72001, "energy": 36.680062, "activity_lines": [ 25.014, 25.474182, 23.568238, 21.586194 ] }, { "date": "2026-06-05", "close": 21.9, "volume": 10059621, "typical_volume": 75385317.85, "trend": 19.235333, "fair_value": 15.15635, "relative_strength": 15.17153, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.489886, "energy": 26.009656, "activity_lines": [ 23.744, 24.915636, 23.591809, 21.777204 ] }, { "date": "2026-06-12", "close": 22.824902, "volume": 12191775, "typical_volume": 73051576.75, "trend": 19.554497, "fair_value": 15.190162, "relative_strength": 22.057646, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.74981, "energy": 24.947116, "activity_lines": [ 23.104967, 24.505618, 23.670372, 22.008789 ] }, { "date": "2026-06-19", "close": 23.468555, "volume": 56555591, "typical_volume": 69443391.95, "trend": 19.874449, "fair_value": 15.227492, "relative_strength": 16.583147, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.299685, "energy": 24.042629, "activity_lines": [ 23.054159, 24.203994, 23.772973, 22.261309 ] }, { "date": "2026-06-26", "close": 23.666601, "volume": 11040467, "typical_volume": 64405780.2, "trend": 20.243335, "fair_value": 15.273559, "relative_strength": 18.729807, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.498382, "energy": 19.140163, "activity_lines": [ 23.147462, 23.935495, 23.871204, 22.505964 ] }, { "date": "2026-07-03", "close": 25.270782, "volume": 10472857, "typical_volume": 59241189.5, "trend": 20.652361, "fair_value": 15.329185, "relative_strength": 27.351639, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.511489, "energy": 17.986469, "activity_lines": [ 23.931719, 23.997091, 24.094421, 22.830316 ] }, { "date": "2026-07-10", "close": 20.448339, "volume": 66862117, "typical_volume": 57955726.45, "trend": 20.895973, "fair_value": 15.354393, "relative_strength": 6.598164, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.556264, "energy": 4.241886, "activity_lines": [ 22.939109, 23.248046, 23.831354, 22.817153 ] }, { "date": "2026-07-17", "close": 18.950001, "volume": 38969846, "typical_volume": 56772314.8, "trend": 21.102973, "fair_value": 15.364683, "relative_strength": 8.130345, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -11.624312, "energy": 17.660386, "activity_lines": [ 21.543831, 22.34097, 23.41931, 22.691606 ] }, { "date": "2026-07-24", "close": 19.17, "volume": 34508158, "typical_volume": 55136703.05, "trend": 21.301306, "fair_value": 15.375087, "relative_strength": 8.498252, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.154234, "energy": 45.966252, "activity_lines": [ 20.480212, 21.646258, 23.031362, 22.566898 ] }, { "date": "2026-07-31", "close": 19.360001, "volume": 29930342, "typical_volume": 54468319.0, "trend": 21.431306, "fair_value": 15.383311, "relative_strength": 10.757481, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.479436, "energy": 55.365928, "activity_lines": [ 19.766498, 21.085546, 22.660842, 22.441653 ] }, { "date": "2026-08-07", "close": 20.24, "volume": 26927170, "typical_volume": 52331382.8, "trend": 21.611639, "fair_value": 15.398165, "relative_strength": 9.528611, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.72569, "energy": 54.028958, "activity_lines": [ 19.633223, 20.805742, 22.373274, 22.364795 ] } ], "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." } } }