{ "ticker": { "uuid": "84a92e05-fc09-4585-a9df-490ee12dca86", "symbol": "601009", "name": "Bank of Nanjing Co., Ltd.", "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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 68.014, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "up", "architecture_direction": 42.416, "architecture_energy": 35.162, "architecture_maturity": 12.39, "architecture_confidence": 56.462, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 42.61, "rotation_up": 64.0, "upward_expansion": 67.86, "deceleration": 59.63, "rotation_down": 9.29, "downward_expansion": 11.19 }, "activity_lines": [ 11.29, 11.068614, 11.012587, 11.030769 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 11.21, "trend_reference": 11.005747, "distance_from_trend": 0.018559, "trend_direction": "Weakening", "fair_value": 9.608061, "distance_from_fair_value": 0.166729, "fair_value_direction": "Weakening", "relative_strength": 1.929406, "relative_strength_direction": "Improving", "price_momentum": 0.064577, "excess_performance": 0.107781, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.018559, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.010274, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.166729, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.027715, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.019294, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.1064, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.064577, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.003258, "read": "Demand-led" } ], "volume": { "latest": 245889920, "relative_activity": 1.337301, "balance": 1.003258, "dry_up": 1.442321, "accumulation_observations": 4, "distribution_observations": 5 }, "risk": { "range_context": 0.047206, "annualized_volatility": 0.237657, "from_high_reference": -0.07202, "from_low_reference": 0.113769 }, "levels": { "trend_reference": 11.005747, "fair_value_reference": 9.608061, "structural_low": 10.24, "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": 20, "median_return": -0.006032, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.001388, "regime_survival": 0.55, "best_return": 0.099808, "worst_return": -0.07754, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.023219, "positive_rate": 0.375, "directional_follow_through": 0.375, "median_excess_return": -0.001763, "regime_survival": 0.375, "best_return": 0.134653, "worst_return": -0.130518, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.077938, "positive_rate": 0.8, "directional_follow_through": 0.8, "median_excess_return": -0.00023, "regime_survival": 0.2, "best_return": 0.119507, "worst_return": -0.035714, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.160446, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.081446, "regime_survival": 0.666667, "best_return": 0.185299, "worst_return": -0.193165, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-04", "end": "2025-02-21", "tenure": "Established", "return": -0.034035, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-28", "end": "2025-03-07", "tenure": "New", "return": 0.00099, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-14", "end": "2025-03-28", "tenure": "New", "return": 0.018646, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-04", "end": "2025-05-23", "tenure": "Developing", "return": 0.028571, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-30", "end": "2025-08-22", "tenure": "Established", "return": 0.005284, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-29", "end": "2025-10-03", "tenure": "Developing", "return": -0.017086, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-10", "end": "2025-10-17", "tenure": "New", "return": 0.080481, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-24", "end": "2025-11-28", "tenure": "Developing", "return": 0.044482, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-05", "end": "2025-12-19", "tenure": "New", "return": -0.006963, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-26", "end": "2026-01-23", "tenure": "Developing", "return": -0.07754, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-30", "end": "2026-02-13", "tenure": "New", "return": 0.074074, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-27", "end": "2026-05-29", "tenure": "Established", "return": -0.059837, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-05", "end": "2026-07-24", "tenure": "Developing", "return": 0.028341, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": -0.036113, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 7.474344, "volume": 85083712, "typical_volume": 88664592.55, "trend": 7.672564, "fair_value": 7.559282, "relative_strength": -8.81661, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.637921, "energy": 22.455189, "activity_lines": [ 7.211196, 7.138599, 7.228202, 7.38497 ] }, { "date": "2023-08-04", "close": 7.509353, "volume": 112197354, "typical_volume": 88493597.55, "trend": 7.637801, "fair_value": 7.569296, "relative_strength": -8.544476, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.710706, "energy": 20.276115, "activity_lines": [ 7.334893, 7.212135, 7.246537, 7.37444 ] }, { "date": "2023-08-11", "close": 7.343062, "volume": 52076879, "typical_volume": 86481492.4, "trend": 7.588192, "fair_value": 7.578682, "relative_strength": -7.58035, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.18171, "energy": 26.267528, "activity_lines": [ 7.369318, 7.246941, 7.249388, 7.355425 ] }, { "date": "2023-08-18", "close": 7.404327, "volume": 81988177, "typical_volume": 86548860.7, "trend": 7.539805, "fair_value": 7.58846, "relative_strength": -4.905527, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -1.761251, "energy": 23.462149, "activity_lines": [ 7.400243, 7.287861, 7.258752, 7.343562 ] }, { "date": "2023-08-25", "close": 7.299301, "volume": 58104652, "typical_volume": 86589201.7, "trend": 7.491473, "fair_value": 7.596594, "relative_strength": -3.986195, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.968124, "energy": 18.554479, "activity_lines": [ 7.375737, 7.305189, 7.257873, 7.328046 ] }, { "date": "2023-09-01", "close": 6.957966, "volume": 153091553, "typical_volume": 89240992.75, "trend": 7.445717, "fair_value": 7.599432, "relative_strength": -10.226072, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.086583, "energy": 26.238364, "activity_lines": [ 7.226366, 7.256972, 7.225137, 7.293626 ] }, { "date": "2023-09-08", "close": 6.922957, "volume": 111913726, "typical_volume": 88662167.85, "trend": 7.398246, "fair_value": 7.601802, "relative_strength": -9.887471, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.142741, "energy": 46.402714, "activity_lines": [ 7.099751, 7.202868, 7.191539, 7.2599 ] }, { "date": "2023-09-15", "close": 6.905453, "volume": 120073917, "typical_volume": 87667699.3, "trend": 7.361409, "fair_value": 7.602555, "relative_strength": -9.785598, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.357675, "energy": 64.397105, "activity_lines": [ 7.006395, 7.147013, 7.159421, 7.228107 ] }, { "date": "2023-09-22", "close": 7.036736, "volume": 107449441, "typical_volume": 88767587.2, "trend": 7.324297, "fair_value": 7.606821, "relative_strength": -8.146535, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.410795, "energy": 63.596415, "activity_lines": [ 6.985973, 7.11646, 7.143739, 7.20716 ] }, { "date": "2023-09-29", "close": 7.045488, "volume": 77645013, "typical_volume": 83422340.25, "trend": 7.285836, "fair_value": 7.611288, "relative_strength": -7.016113, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.161753, "energy": 63.125882, "activity_lines": [ 6.992975, 7.088612, 7.132082, 7.189172 ] }, { "date": "2023-10-13", "close": 6.992975, "volume": 65166112, "typical_volume": 81767369.6, "trend": 7.258482, "fair_value": 7.614059, "relative_strength": -6.641076, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.206324, "energy": 43.763066, "activity_lines": [ 6.999393, 7.052808, 7.117636, 7.170278 ] }, { "date": "2023-10-20", "close": 6.80918, "volume": 96361343, "typical_volume": 81375043.5, "trend": 7.232662, "fair_value": 7.618565, "relative_strength": -5.464909, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.175729, "energy": 44.265049, "activity_lines": [ 6.942213, 6.992338, 7.087717, 7.141291 ] }, { "date": "2023-10-27", "close": 6.879197, "volume": 75520963, "typical_volume": 80210868.5, "trend": 7.212459, "fair_value": 7.624346, "relative_strength": -5.225157, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.918695, "energy": 41.228251, "activity_lines": [ 6.915956, 6.95733, 7.065575, 7.118487 ] }, { "date": "2023-11-03", "close": 6.800427, "volume": 72499446, "typical_volume": 79985942.5, "trend": 7.194008, "fair_value": 7.629573, "relative_strength": -6.281169, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.074244, "energy": 54.503812, "activity_lines": [ 6.865193, 6.916433, 7.036824, 7.091904 ] }, { "date": "2023-11-10", "close": 6.730411, "volume": 85002532, "typical_volume": 81221702.7, "trend": 7.170487, "fair_value": 7.632021, "relative_strength": -6.988336, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.575356, "energy": 68.081509, "activity_lines": [ 6.806846, 6.873787, 7.003103, 7.061994 ] }, { "date": "2023-11-17", "close": 6.695402, "volume": 62464654, "typical_volume": 80854481.35, "trend": 7.144431, "fair_value": 7.633904, "relative_strength": -7.629911, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.932086, "energy": 70.163126, "activity_lines": [ 6.757834, 6.835118, 6.967844, 7.031344 ] }, { "date": "2023-11-24", "close": 6.677897, "volume": 63796739, "typical_volume": 81000381.65, "trend": 7.114236, "fair_value": 7.63956, "relative_strength": -7.153513, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.218436, "energy": 73.964523, "activity_lines": [ 6.722825, 6.798041, 6.932293, 7.001245 ] }, { "date": "2023-12-01", "close": 6.371572, "volume": 138735657, "typical_volume": 85325996.75, "trend": 7.068904, "fair_value": 7.641601, "relative_strength": -10.780436, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.126174, "energy": 84.924258, "activity_lines": [ 6.59446, 6.709723, 6.869111, 6.953331 ] }, { "date": "2023-12-08", "close": 6.28405, "volume": 84963717, "typical_volume": 87081750.4, "trend": 7.021477, "fair_value": 7.643178, "relative_strength": -9.740897, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.504891, "energy": 95.018972, "activity_lines": [ 6.470763, 6.6152, 6.800511, 6.902695 ] }, { "date": "2023-12-15", "close": 6.266546, "volume": 71958618, "typical_volume": 88804710.25, "trend": 6.980031, "fair_value": 7.643527, "relative_strength": -8.784876, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.47116, "energy": 93.088334, "activity_lines": [ 6.375656, 6.531179, 6.73412, 6.85399 ] }, { "date": "2023-12-22", "close": 6.319059, "volume": 63840321, "typical_volume": 87742540.7, "trend": 6.943346, "fair_value": 7.642512, "relative_strength": -6.772532, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.772002, "energy": 88.71894, "activity_lines": [ 6.328978, 6.470869, 6.676855, 6.811347 ] }, { "date": "2023-12-29", "close": 6.459094, "volume": 83157609, "typical_volume": 86290553.45, "trend": 6.923913, "fair_value": 7.64254, "relative_strength": -6.260034, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.194875, "energy": 83.107963, "activity_lines": [ 6.354068, 6.448273, 6.638429, 6.780105 ] }, { "date": "2024-01-05", "close": 6.590376, "volume": 75554787, "typical_volume": 87464448.85, "trend": 6.908036, "fair_value": 7.645741, "relative_strength": -2.491943, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.481436, "energy": 53.764658, "activity_lines": [ 6.437505, 6.455911, 6.617508, 6.758586 ] }, { "date": "2024-01-12", "close": 6.642889, "volume": 101303546, "typical_volume": 88430217.3, "trend": 6.890899, "fair_value": 7.649618, "relative_strength": 0.282102, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.107595, "energy": 33.303308, "activity_lines": [ 6.52386, 6.478348, 6.605171, 6.74148 ] }, { "date": "2024-01-19", "close": 6.896702, "volume": 165232351, "typical_volume": 93786602.25, "trend": 6.883865, "fair_value": 7.655414, "relative_strength": 6.262227, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -12.393261, "energy": 23.665734, "activity_lines": [ 6.670896, 6.549798, 6.620633, 6.741854 ] }, { "date": "2024-01-26", "close": 7.185523, "volume": 187925386, "typical_volume": 95528293.9, "trend": 6.890575, "fair_value": 7.662236, "relative_strength": 8.021315, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 22.446517, "energy": 36.118566, "activity_lines": [ 6.872196, 6.670737, 6.66552, 6.761316 ] }, { "date": "2024-02-02", "close": 7.351813, "volume": 198203261, "typical_volume": 99842770.65, "trend": 6.902244, "fair_value": 7.670609, "relative_strength": 17.797912, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 49.380572, "energy": 54.08301, "activity_lines": [ 7.071161, 6.812999, 6.725159, 6.791073 ] }, { "date": "2024-02-09", "close": 7.150515, "volume": 222340756, "typical_volume": 104956112.6, "trend": 6.907787, "fair_value": 7.676478, "relative_strength": 9.198513, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.291076, "energy": 57.781799, "activity_lines": [ 7.143513, 6.906409, 6.763585, 6.807091 ] }, { "date": "2024-02-23", "close": 7.631883, "volume": 160280895, "typical_volume": 107597685.3, "trend": 6.925584, "fair_value": 7.685482, "relative_strength": 11.17798, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 51.825571, "energy": 76.090197, "activity_lines": [ 7.338977, 7.073177, 6.846689, 6.853807 ] }, { "date": "2024-03-01", "close": 7.62313, "volume": 134482883, "typical_volume": 110439578.8, "trend": 6.941921, "fair_value": 7.695497, "relative_strength": 10.207, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 54.142414, "energy": 79.181492, "activity_lines": [ 7.465592, 7.213848, 6.926125, 6.89881 ] }, { "date": "2024-03-08", "close": 7.868191, "volume": 142039009, "typical_volume": 114283223.65, "trend": 6.955049, "fair_value": 7.703878, "relative_strength": 12.956151, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 87.008603, "energy": 92.544452, "activity_lines": [ 7.625464, 7.37441, 7.02615, 6.958569 ] }, { "date": "2024-03-15", "close": 7.868191, "volume": 127710820, "typical_volume": 115850697.5, "trend": 6.96701, "fair_value": 7.711482, "relative_strength": 12.531176, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.432111, "energy": 90.608927, "activity_lines": [ 7.739826, 7.506806, 7.122007, 7.017481 ] }, { "date": "2024-03-22", "close": 7.798173, "volume": 79951445, "typical_volume": 116072221.6, "trend": 6.982181, "fair_value": 7.718832, "relative_strength": 11.640581, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.101694, "energy": 85.723888, "activity_lines": [ 7.796423, 7.600852, 7.206153, 7.071105 ] }, { "date": "2024-03-29", "close": 7.841935, "volume": 90774901, "typical_volume": 116985994.35, "trend": 6.996768, "fair_value": 7.726365, "relative_strength": 12.289236, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.081889, "energy": 81.501761, "activity_lines": [ 7.82443, 7.680895, 7.29009, 7.126573 ] }, { "date": "2024-04-05", "close": 7.964465, "volume": 50389814, "typical_volume": 115255358.45, "trend": 7.01894, "fair_value": 7.730798, "relative_strength": 12.712814, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.395796, "energy": 71.830515, "activity_lines": [ 7.879277, 7.761415, 7.380738, 7.189005 ] }, { "date": "2024-04-12", "close": 7.955712, "volume": 98083572, "typical_volume": 117036304.35, "trend": 7.052198, "fair_value": 7.73299, "relative_strength": 14.077093, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.44025, "energy": 65.242608, "activity_lines": [ 7.908451, 7.820929, 7.464675, 7.249442 ] }, { "date": "2024-04-19", "close": 8.165765, "volume": 121907476, "typical_volume": 119941841.2, "trend": 7.093625, "fair_value": 7.737888, "relative_strength": 14.929192, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.190576, "energy": 68.518372, "activity_lines": [ 8.001807, 7.904632, 7.562616, 7.321285 ] }, { "date": "2024-04-26", "close": 7.9032, "volume": 141929801, "typical_volume": 120101548.4, "trend": 7.126883, "fair_value": 7.739841, "relative_strength": 10.10058, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.307668, "energy": 60.081442, "activity_lines": [ 7.987804, 7.925796, 7.628465, 7.373515 ] }, { "date": "2024-05-03", "close": 8.157012, "volume": 65685855, "typical_volume": 119137655.3, "trend": 7.164226, "fair_value": 7.744246, "relative_strength": 12.736142, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.655465, "energy": 63.061244, "activity_lines": [ 8.051403, 7.979423, 7.711194, 7.439975 ] }, { "date": "2024-05-10", "close": 8.183269, "volume": 149075248, "typical_volume": 122993486.8, "trend": 7.202152, "fair_value": 7.749256, "relative_strength": 11.071046, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.323516, "energy": 61.236832, "activity_lines": [ 8.102749, 8.028276, 7.787505, 7.50572 ] }, { "date": "2024-05-17", "close": 8.577117, "volume": 127445706, "typical_volume": 126173756.05, "trend": 7.254957, "fair_value": 7.759316, "relative_strength": 16.045957, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.709161, "energy": 69.369615, "activity_lines": [ 8.270791, 8.138553, 7.892197, 7.594427 ] }, { "date": "2024-05-24", "close": 8.839682, "volume": 118521023, "typical_volume": 127941926.75, "trend": 7.32264, "fair_value": 7.769603, "relative_strength": 21.55569, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.17099, "energy": 92.427018, "activity_lines": [ 8.484927, 8.28368, 8.011143, 7.696668 ] }, { "date": "2024-05-31", "close": 9.075988, "volume": 150043221, "typical_volume": 131666348.45, "trend": 7.395866, "fair_value": 7.783249, "relative_strength": 24.19791, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.628577, "energy": 94.700791, "activity_lines": [ 8.732905, 8.454109, 8.141259, 7.809787 ] }, { "date": "2024-06-07", "close": 8.857185, "volume": 158456054, "typical_volume": 134523973.85, "trend": 7.464425, "fair_value": 7.794231, "relative_strength": 21.911442, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.623909, "energy": 88.803619, "activity_lines": [ 8.829762, 8.561521, 8.238699, 7.904066 ] }, { "date": "2024-06-14", "close": 8.824099, "volume": 129344640, "typical_volume": 132729588.3, "trend": 7.534215, "fair_value": 7.802912, "relative_strength": 21.494407, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.891207, "energy": 84.503036, "activity_lines": [ 8.868912, 8.644459, 8.322445, 7.991787 ] }, { "date": "2024-06-21", "close": 9.129334, "volume": 127323173, "typical_volume": 129699477.65, "trend": 7.615346, "fair_value": 7.813598, "relative_strength": 26.30129, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.6464, "energy": 70.594597, "activity_lines": [ 8.967085, 8.767265, 8.426082, 8.094697 ] }, { "date": "2024-06-28", "close": 9.610312, "volume": 154358468, "typical_volume": 127507238.0, "trend": 7.713093, "fair_value": 7.82528, "relative_strength": 33.198657, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.108821, "energy": 73.72451, "activity_lines": [ 9.18877, 8.956183, 8.56627, 8.223405 ] }, { "date": "2024-07-05", "close": 9.295828, "volume": 107133060, "typical_volume": 121746853.2, "trend": 7.810568, "fair_value": 7.832596, "relative_strength": 28.619018, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.607293, "energy": 66.512348, "activity_lines": [ 9.254252, 9.061657, 8.665753, 8.325517 ] }, { "date": "2024-07-12", "close": 9.305077, "volume": 114043670, "typical_volume": 119434991.95, "trend": 7.911269, "fair_value": 7.84083, "relative_strength": 26.880216, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.58565, "energy": 65.135247, "activity_lines": [ 9.30816, 9.143492, 8.755901, 8.421937 ] }, { "date": "2024-07-19", "close": 9.388322, "volume": 112280444, "typical_volume": 118324870.0, "trend": 8.015328, "fair_value": 7.849143, "relative_strength": 26.59257, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.097131, "energy": 64.563584, "activity_lines": [ 9.359957, 9.219589, 8.84601, 8.517231 ] }, { "date": "2024-07-26", "close": 9.101586, "volume": 119924218, "typical_volume": 117219130.45, "trend": 8.108079, "fair_value": 7.852995, "relative_strength": 25.677683, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.526823, "energy": 54.511466, "activity_lines": [ 9.278561, 9.221642, 8.900404, 8.587312 ] }, { "date": "2024-08-02", "close": 9.508568, "volume": 143298524, "typical_volume": 117998515.65, "trend": 8.209728, "fair_value": 7.859556, "relative_strength": 29.62877, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.053565, "energy": 55.805082, "activity_lines": [ 9.334675, 9.288156, 8.987686, 8.677666 ] }, { "date": "2024-08-09", "close": 9.166332, "volume": 149085893, "typical_volume": 121455238.05, "trend": 8.295593, "fair_value": 7.866547, "relative_strength": 25.96316, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.474033, "energy": 43.496516, "activity_lines": [ 9.283494, 9.280284, 9.034562, 8.739382 ] }, { "date": "2024-08-16", "close": 9.379073, "volume": 112115278, "typical_volume": 122522256.9, "trend": 8.386799, "fair_value": 7.875104, "relative_strength": 27.178706, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.300587, "energy": 42.239122, "activity_lines": [ 9.311859, 9.309449, 9.095184, 8.809284 ] }, { "date": "2024-08-23", "close": 9.425321, "volume": 94453556, "typical_volume": 124725444.0, "trend": 8.471087, "fair_value": 7.88542, "relative_strength": 27.96749, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.042356, "energy": 45.310453, "activity_lines": [ 9.350708, 9.337534, 9.152891, 8.876286 ] }, { "date": "2024-08-30", "close": 9.175582, "volume": 114671806, "typical_volume": 125554855.7, "trend": 8.537422, "fair_value": 7.90019, "relative_strength": 24.308883, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.313336, "energy": 31.962236, "activity_lines": [ 9.303843, 9.309281, 9.179857, 8.921737 ] }, { "date": "2024-09-06", "close": 9.388322, "volume": 149233597, "typical_volume": 126921161.75, "trend": 8.605306, "fair_value": 7.917485, "relative_strength": 29.732394, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.345554, "energy": 37.244623, "activity_lines": [ 9.322959, 9.318867, 9.221275, 8.976634 ] }, { "date": "2024-09-13", "close": 9.166332, "volume": 161919836, "typical_volume": 127920663.5, "trend": 8.6725, "fair_value": 7.929622, "relative_strength": 28.451996, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.979014, "energy": 25.186642, "activity_lines": [ 9.276094, 9.292127, 9.23573, 9.012829 ] }, { "date": "2024-09-20", "close": 9.508568, "volume": 98371132, "typical_volume": 129554927.35, "trend": 8.735056, "fair_value": 7.944408, "relative_strength": 30.463337, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.051681, "energy": 32.393197, "activity_lines": [ 9.343308, 9.329966, 9.276763, 9.066769 ] }, { "date": "2024-09-27", "close": 9.730557, "volume": 238986023, "typical_volume": 134050466.1, "trend": 8.805303, "fair_value": 7.960465, "relative_strength": 17.548638, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 68.048843, "energy": 41.731413, "activity_lines": [ 9.475885, 9.404467, 9.332502, 9.130995 ] }, { "date": "2024-10-04", "close": 10.128289, "volume": 119810616, "typical_volume": 133668711.6, "trend": 8.88064, "fair_value": 7.977659, "relative_strength": 12.586109, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.079328, "energy": 63.692237, "activity_lines": [ 9.720691, 9.545061, 9.418753, 9.216349 ] }, { "date": "2024-10-11", "close": 9.638061, "volume": 461437993, "typical_volume": 150814560.1, "trend": 8.939636, "fair_value": 7.990197, "relative_strength": 10.515315, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.262822, "energy": 51.604028, "activity_lines": [ 9.738573, 9.577855, 9.450928, 9.265215 ] }, { "date": "2024-10-18", "close": 9.841553, "volume": 398474082, "typical_volume": 163236103.15, "trend": 9.007748, "fair_value": 8.006411, "relative_strength": 10.740713, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.883809, "energy": 51.873983, "activity_lines": [ 9.807637, 9.645293, 9.498682, 9.323403 ] }, { "date": "2024-10-25", "close": 9.536316, "volume": 251439896, "typical_volume": 167885295.25, "trend": 9.064228, "fair_value": 8.022232, "relative_strength": 5.613084, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.41378, "energy": 36.693571, "activity_lines": [ 9.729941, 9.644957, 9.513721, 9.357504 ] }, { "date": "2024-11-01", "close": 9.54425, "volume": 240032611, "typical_volume": 173419693.8, "trend": 9.116887, "fair_value": 8.037751, "relative_strength": 6.119996, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.08077, "energy": 25.489796, "activity_lines": [ 9.653039, 9.643204, 9.52628, 9.388473 ] }, { "date": "2024-11-08", "close": 9.754853, "volume": 239925093, "typical_volume": 179049789.8, "trend": 9.176858, "fair_value": 8.053913, "relative_strength": 2.380873, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.164791, "energy": 22.994308, "activity_lines": [ 9.658759, 9.67758, 9.555468, 9.429632 ] }, { "date": "2024-11-15", "close": 9.841011, "volume": 251883980, "typical_volume": 183926065.4, "trend": 9.2327, "fair_value": 8.067348, "relative_strength": 6.505919, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.935766, "energy": 25.716409, "activity_lines": [ 9.718093, 9.717089, 9.589883, 9.472481 ] }, { "date": "2024-11-22", "close": 9.802719, "volume": 199892960, "typical_volume": 188564060.4, "trend": 9.296017, "fair_value": 8.079327, "relative_strength": 7.551939, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.896303, "energy": 27.321692, "activity_lines": [ 9.751134, 9.741406, 9.619553, 9.509256 ] }, { "date": "2024-11-29", "close": 10.118627, "volume": 385561880, "typical_volume": 202139970.9, "trend": 9.361404, "fair_value": 8.095248, "relative_strength": 8.407926, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.676533, "energy": 41.658035, "activity_lines": [ 9.892067, 9.811589, 9.676895, 9.562328 ] }, { "date": "2024-12-06", "close": 10.1282, "volume": 227628399, "typical_volume": 207907368.65, "trend": 9.426235, "fair_value": 8.112542, "relative_strength": 5.405121, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.001849, "energy": 49.637782, "activity_lines": [ 9.997369, 9.872421, 9.731275, 9.611798 ] }, { "date": "2024-12-13", "close": 10.051617, "volume": 220517682, "typical_volume": 212937041.85, "trend": 9.475385, "fair_value": 8.12869, "relative_strength": 4.381781, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.66136, "energy": 50.972603, "activity_lines": [ 10.038214, 9.912099, 9.774838, 9.652146 ] }, { "date": "2024-12-20", "close": 10.022898, "volume": 175583492, "typical_volume": 214551290.25, "trend": 9.514826, "fair_value": 8.14541, "relative_strength": 4.221899, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.690072, "energy": 49.856677, "activity_lines": [ 10.049702, 9.94795, 9.811141, 9.687469 ] }, { "date": "2024-12-27", "close": 10.166492, "volume": 240926190, "typical_volume": 219143305.1, "trend": 9.551176, "fair_value": 8.164716, "relative_strength": 4.141245, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.319574, "energy": 47.182392, "activity_lines": [ 10.096929, 10.002911, 9.858672, 9.729512 ] }, { "date": "2025-01-03", "close": 9.936741, "volume": 224755152, "typical_volume": 224775298.8, "trend": 9.587161, "fair_value": 8.181994, "relative_strength": 7.106924, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.559412, "energy": 31.744118, "activity_lines": [ 10.04332, 10.010192, 9.879558, 9.754387 ] }, { "date": "2025-01-10", "close": 10.118627, "volume": 173727845, "typical_volume": 228739013.25, "trend": 9.630312, "fair_value": 8.199933, "relative_strength": 9.854345, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.991997, "energy": 35.781621, "activity_lines": [ 10.062466, 10.043262, 9.915112, 9.788675 ] }, { "date": "2025-01-17", "close": 10.118627, "volume": 192725225, "typical_volume": 232641684.2, "trend": 9.663289, "fair_value": 8.219285, "relative_strength": 6.793859, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.702392, "energy": 36.229824, "activity_lines": [ 10.08225, 10.065889, 9.947364, 9.820179 ] }, { "date": "2025-01-24", "close": 10.099482, "volume": 179335323, "typical_volume": 234146770.5, "trend": 9.679594, "fair_value": 8.239019, "relative_strength": 5.771431, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.102188, "energy": 31.348667, "activity_lines": [ 10.091185, 10.078421, 9.973302, 9.848321 ] }, { "date": "2025-01-31", "close": 10.233502, "volume": 38518346, "typical_volume": 227976696.0, "trend": 9.71085, "fair_value": 8.25941, "relative_strength": 6.766788, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.65733, "energy": 44.3028, "activity_lines": [ 10.139688, 10.110621, 10.008617, 9.884057 ] }, { "date": "2025-02-07", "close": 10.099482, "volume": 100172222, "typical_volume": 228066750.5, "trend": 9.73733, "fair_value": 8.277378, "relative_strength": 3.430347, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.563544, "energy": 34.005629, "activity_lines": [ 10.13905, 10.110621, 10.026087, 9.90913 ] }, { "date": "2025-02-14", "close": 10.042044, "volume": 134777321, "typical_volume": 222856315.4, "trend": 9.759121, "fair_value": 8.293918, "relative_strength": 1.186185, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.281176, "energy": 29.750272, "activity_lines": [ 10.108416, 10.100526, 10.035272, 9.928789 ] }, { "date": "2025-02-21", "close": 9.783574, "volume": 174124664, "typical_volume": 225572017.8, "trend": 9.781854, "fair_value": 8.306077, "relative_strength": -2.5877, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 21.035428, "energy": 10.800523, "activity_lines": [ 9.996732, 10.045003, 10.018359, 9.930366 ] }, { "date": "2025-02-28", "close": 9.668698, "volume": 164049400, "typical_volume": 210702588.15, "trend": 9.787192, "fair_value": 8.318509, "relative_strength": -2.292398, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -4.90477, "energy": 15.583078, "activity_lines": [ 9.869092, 9.973466, 9.992146, 9.923066 ] }, { "date": "2025-03-07", "close": 9.67827, "volume": 134544378, "typical_volume": 197506102.95, "trend": 9.804256, "fair_value": 8.328378, "relative_strength": -3.871308, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.1201, "energy": 29.506027, "activity_lines": [ 9.773362, 9.910111, 9.966698, 9.916039 ] }, { "date": "2025-03-14", "close": 9.754853, "volume": 138559815, "typical_volume": 191862098.9, "trend": 9.816782, "fair_value": 8.33894, "relative_strength": -4.612911, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.385795, "energy": 36.695466, "activity_lines": [ 9.740175, 9.869556, 9.949322, 9.912852 ] }, { "date": "2025-03-21", "close": 9.793146, "volume": 177024802, "typical_volume": 188711708.45, "trend": 9.829043, "fair_value": 8.352169, "relative_strength": -2.900641, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.306202, "energy": 37.915849, "activity_lines": [ 9.742728, 9.83927, 9.934553, 9.911327 ] }, { "date": "2025-03-28", "close": 9.936741, "volume": 116060442, "typical_volume": 182518475.9, "trend": 9.854415, "fair_value": 8.363644, "relative_strength": -1.323955, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -12.147781, "energy": 16.756788, "activity_lines": [ 9.809739, 9.841011, 9.932273, 9.918275 ] }, { "date": "2025-04-04", "close": 10.051617, "volume": 124369960, "typical_volume": 176142774.9, "trend": 9.876525, "fair_value": 8.376966, "relative_strength": -0.169184, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.093739, "energy": 10.963432, "activity_lines": [ 9.904831, 9.866945, 9.940069, 9.930998 ] }, { "date": "2025-04-11", "close": 9.774, "volume": 242107601, "typical_volume": 178253506.95, "trend": 9.896781, "fair_value": 8.38861, "relative_strength": -0.059999, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -8.928618, "energy": 8.645222, "activity_lines": [ 9.881856, 9.843274, 9.920421, 9.924383 ] }, { "date": "2025-04-18", "close": 10.089909, "volume": 166061817, "typical_volume": 167278503.8, "trend": 9.916159, "fair_value": 8.400916, "relative_strength": 1.689001, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.021661, "energy": 16.166458, "activity_lines": [ 9.957802, 9.885395, 9.930997, 9.936843 ] }, { "date": "2025-04-25", "close": 9.975033, "volume": 158900420, "typical_volume": 163842104.85, "trend": 9.924308, "fair_value": 8.409458, "relative_strength": -0.324544, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.959945, "energy": 12.323932, "activity_lines": [ 9.973118, 9.906804, 9.930769, 9.940641 ] }, { "date": "2025-05-02", "close": 9.975033, "volume": 118877175, "typical_volume": 158760079.5, "trend": 9.919199, "fair_value": 8.415024, "relative_strength": -0.09972, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 25.034837, "energy": 14.450365, "activity_lines": [ 9.976309, 9.929431, 9.931271, 9.943914 ] }, { "date": "2025-05-09", "close": 10.214357, "volume": 176303420, "typical_volume": 158796075.9, "trend": 9.938409, "fair_value": 8.420458, "relative_strength": 0.077547, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 53.997792, "energy": 36.411166, "activity_lines": [ 10.056722, 9.99209, 9.95493, 9.962956 ] }, { "date": "2025-05-16", "close": 10.185638, "volume": 292136879, "typical_volume": 161356610.35, "trend": 9.949879, "fair_value": 8.424195, "relative_strength": -1.148477, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 48.619045, "energy": 42.411421, "activity_lines": [ 10.116713, 10.039607, 9.974942, 9.978907 ] }, { "date": "2025-05-23", "close": 10.338805, "volume": 276611610, "typical_volume": 163949433.25, "trend": 9.976628, "fair_value": 8.431941, "relative_strength": 0.766977, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 69.902215, "energy": 60.561342, "activity_lines": [ 10.200316, 10.105747, 10.00945, 10.003999 ] }, { "date": "2025-05-30", "close": 10.970621, "volume": 495919184, "typical_volume": 180059000.2, "trend": 10.024174, "fair_value": 8.4452, "relative_strength": 6.727485, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.010577, "energy": 83.253464, "activity_lines": [ 10.477932, 10.276146, 10.102216, 10.068127 ] }, { "date": "2025-06-06", "close": 10.807881, "volume": 328191755, "typical_volume": 186832326.7, "trend": 10.059275, "fair_value": 8.456155, "relative_strength": 3.779732, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.063877, "energy": 82.96211, "activity_lines": [ 10.634929, 10.395547, 10.175427, 10.118689 ] }, { "date": "2025-06-13", "close": 11.209946, "volume": 359740417, "typical_volume": 195852581.4, "trend": 10.104906, "fair_value": 8.470645, "relative_strength": 7.63126, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.117624, "energy": 91.026812, "activity_lines": [ 10.870424, 10.572212, 10.283647, 10.192926 ] }, { "date": "2025-06-20", "close": 11.535426, "volume": 320634473, "typical_volume": 209958387.75, "trend": 10.162663, "fair_value": 8.488433, "relative_strength": 11.051196, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.299086, "energy": 95.6019, "activity_lines": [ 11.14804, 10.786994, 10.417577, 10.285217 ] }, { "date": "2025-06-27", "close": 11.349809, "volume": 592399149, "typical_volume": 234569734.1, "trend": 10.203702, "fair_value": 8.506848, "relative_strength": 7.160869, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.534693, "energy": 88.551714, "activity_lines": [ 11.273798, 10.936002, 10.52763, 10.361808 ] }, { "date": "2025-07-04", "close": 11.748901, "volume": 285789015, "typical_volume": 242120318.8, "trend": 10.257726, "fair_value": 8.524188, "relative_strength": 9.234746, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.954292, "energy": 91.518134, "activity_lines": [ 11.465186, 11.134665, 10.669738, 10.461498 ] }, { "date": "2025-07-11", "close": 11.25247, "volume": 335328588, "typical_volume": 250180515.0, "trend": 10.297754, "fair_value": 8.539761, "relative_strength": 3.443337, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.064342, "energy": 74.758072, "activity_lines": [ 11.439212, 11.210816, 10.756439, 10.525675 ] }, { "date": "2025-07-18", "close": 11.505552, "volume": 266424357, "typical_volume": 255299262.85, "trend": 10.347176, "fair_value": 8.557798, "relative_strength": 4.9727, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.123624, "energy": 62.270324, "activity_lines": [ 11.467959, 11.309755, 10.860248, 10.603597 ] }, { "date": "2025-07-25", "close": 11.310873, "volume": 346896266, "typical_volume": 265916857.25, "trend": 10.385322, "fair_value": 8.576165, "relative_strength": 1.49788, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.81355, "energy": 54.344239, "activity_lines": [ 11.412106, 11.349822, 10.936769, 10.665771 ] }, { "date": "2025-08-01", "close": 11.369277, "volume": 251529114, "typical_volume": 271565322.2, "trend": 10.433073, "fair_value": 8.596117, "relative_strength": 3.038404, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.192787, "energy": 44.823472, "activity_lines": [ 11.390692, 11.380049, 11.011078, 10.729252 ] }, { "date": "2025-08-08", "close": 11.826774, "volume": 205874822, "typical_volume": 273007823.2, "trend": 10.490011, "fair_value": 8.619107, "relative_strength": 4.934871, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.436539, "energy": 52.622075, "activity_lines": [ 11.520478, 11.474722, 11.121271, 10.819168 ] }, { "date": "2025-08-15", "close": 11.340075, "volume": 269170570, "typical_volume": 280663329.6, "trend": 10.530726, "fair_value": 8.63845, "relative_strength": -0.944652, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.04603, "energy": 40.173073, "activity_lines": [ 11.48284, 11.465337, 11.175427, 10.874011 ] }, { "date": "2025-08-22", "close": 11.028588, "volume": 263304653, "typical_volume": 287610064.25, "trend": 10.561697, "fair_value": 8.654745, "relative_strength": -6.670428, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.903951, "energy": 29.367882, "activity_lines": [ 11.335533, 11.389642, 11.193235, 10.906131 ] }, { "date": "2025-08-29", "close": 10.824175, "volume": 316336185, "typical_volume": 291321493.45, "trend": 10.581386, "fair_value": 8.669624, "relative_strength": -8.924402, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.988957, "energy": 16.63755, "activity_lines": [ 11.151885, 11.280078, 11.186924, 10.923065 ] }, { "date": "2025-09-05", "close": 10.804708, "volume": 278668215, "typical_volume": 296951813.35, "trend": 10.604893, "fair_value": 8.683432, "relative_strength": -7.682333, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.797785, "energy": 19.408318, "activity_lines": [ 10.994195, 11.179907, 11.173757, 10.937473 ] }, { "date": "2025-09-12", "close": 10.746303, "volume": 319808085, "typical_volume": 304997196.6, "trend": 10.628368, "fair_value": 8.697812, "relative_strength": -9.210359, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.201401, "energy": 19.289801, "activity_lines": [ 10.854675, 11.079028, 11.151624, 10.946597 ] }, { "date": "2025-09-19", "close": 10.2012, "volume": 309113099, "typical_volume": 314508992.8, "trend": 10.642289, "fair_value": 8.707751, "relative_strength": -12.232411, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -38.249723, "energy": 38.36283, "activity_lines": [ 10.605485, 10.897268, 11.073904, 10.919037 ] }, { "date": "2025-09-26", "close": 10.96045, "volume": 425518726, "typical_volume": 326969758.1, "trend": 10.685348, "fair_value": 8.722346, "relative_strength": -5.725715, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -18.547375, "energy": 26.119935, "activity_lines": [ 10.685303, 10.872668, 11.067417, 10.939564 ] }, { "date": "2025-10-03", "close": 10.63923, "volume": 174964152, "typical_volume": 321111121.75, "trend": 10.71738, "fair_value": 8.733251, "relative_strength": -9.608015, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -21.109328, "energy": 33.678823, "activity_lines": [ 10.662591, 10.799574, 11.026784, 10.936588 ] }, { "date": "2025-10-10", "close": 10.522422, "volume": 142044668, "typical_volume": 314382774.65, "trend": 10.742965, "fair_value": 8.745249, "relative_strength": -10.760243, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.309405, "energy": 30.81307, "activity_lines": [ 10.613272, 10.717455, 10.972867, 10.924011 ] }, { "date": "2025-10-17", "close": 11.369277, "volume": 356595852, "typical_volume": 307416608.05, "trend": 10.795503, "fair_value": 8.76257, "relative_strength": -2.104772, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 34.371677, "energy": 17.151149, "activity_lines": [ 10.865058, 10.804707, 10.998728, 10.964418 ] }, { "date": "2025-10-24", "close": 11.077258, "volume": 229116391, "typical_volume": 302462839.85, "trend": 10.83352, "fair_value": 8.77823, "relative_strength": -7.237952, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 28.47168, "energy": 15.813802, "activity_lines": [ 10.977972, 10.847182, 10.994879, 10.982595 ] }, { "date": "2025-10-31", "close": 11.009121, "volume": 335525434, "typical_volume": 301252090.7, "trend": 10.865437, "fair_value": 8.794347, "relative_strength": -7.834835, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 19.552024, "energy": 15.31964, "activity_lines": [ 11.009769, 10.882048, 10.983259, 10.993925 ] }, { "date": "2025-11-07", "close": 11.301139, "volume": 290199508, "typical_volume": 299730342.45, "trend": 10.916342, "fair_value": 8.811863, "relative_strength": -6.403115, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 33.8356, "energy": 26.420759, "activity_lines": [ 11.135662, 10.970361, 11.000406, 11.022034 ] }, { "date": "2025-11-14", "close": 11.2038, "volume": 302712390, "typical_volume": 285246004.5, "trend": 10.953471, "fair_value": 8.829597, "relative_strength": -6.95795, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 39.243923, "energy": 25.923342, "activity_lines": [ 11.184981, 11.032305, 11.009398, 11.04058 ] }, { "date": "2025-11-21", "close": 11.43, "volume": 243171225, "typical_volume": 283115115.0, "trend": 11.00197, "fair_value": 8.851569, "relative_strength": -1.215588, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 51.035737, "energy": 38.479172, "activity_lines": [ 11.264274, 11.128119, 11.040629, 11.071324 ] }, { "date": "2025-11-28", "close": 11.57, "volume": 207997329, "typical_volume": 276748552.05, "trend": 11.055136, "fair_value": 8.87407, "relative_strength": -1.344825, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 55.408582, "energy": 50.176543, "activity_lines": [ 11.386187, 11.236958, 11.086711, 11.107971 ] }, { "date": "2025-12-05", "close": 11.49, "volume": 225905948, "typical_volume": 274722631.6, "trend": 11.097657, "fair_value": 8.896164, "relative_strength": -2.364266, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.805062, "energy": 45.809128, "activity_lines": [ 11.448583, 11.306363, 11.123663, 11.136027 ] }, { "date": "2025-12-12", "close": 11.36, "volume": 278231489, "typical_volume": 271289392.75, "trend": 11.136803, "fair_value": 8.915425, "relative_strength": -3.108465, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.254937, "energy": 39.847045, "activity_lines": [ 11.435587, 11.342504, 11.148307, 11.152952 ] }, { "date": "2025-12-19", "close": 11.41, "volume": 191467535, "typical_volume": 268286313.8, "trend": 11.172509, "fair_value": 8.935164, "relative_strength": -2.682856, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": 26.390265, "energy": 27.173951, "activity_lines": [ 11.435333, 11.374631, 11.17748, 11.170578 ] }, { "date": "2025-12-26", "close": 11.22, "volume": 165688900, "typical_volume": 266277017.7, "trend": 11.180822, "fair_value": 8.95258, "relative_strength": -5.975843, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 21.5455, "energy": 15.401315, "activity_lines": [ 11.358, 11.356075, 11.188363, 11.173642 ] }, { "date": "2026-01-02", "close": 11.43, "volume": 131781566, "typical_volume": 259407567.5, "trend": 11.201559, "fair_value": 8.971975, "relative_strength": -4.209499, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 14.274714, "energy": 11.160731, "activity_lines": [ 11.364667, 11.378415, 11.222135, 11.189718 ] }, { "date": "2026-01-09", "close": 10.83, "volume": 494051098, "typical_volume": 270944889.75, "trend": 11.188894, "fair_value": 8.988575, "relative_strength": -12.259751, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.961335, "energy": 10.97183, "activity_lines": [ 11.180667, 11.28525, 11.198337, 11.165746 ] }, { "date": "2026-01-16", "close": 10.45, "volume": 435227507, "typical_volume": 276889455.85, "trend": 11.152713, "fair_value": 9.00074, "relative_strength": -14.641901, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -59.102394, "energy": 38.025566, "activity_lines": [ 10.914, 11.126251, 11.139294, 11.118075 ] }, { "date": "2026-01-23", "close": 10.35, "volume": 352474081, "typical_volume": 280579749.15, "trend": 11.119386, "fair_value": 9.010475, "relative_strength": -15.831938, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -62.221566, "energy": 62.271531, "activity_lines": [ 10.674667, 10.964545, 11.072508, 11.066287 ] }, { "date": "2026-01-30", "close": 10.53, "volume": 363840984, "typical_volume": 282781394.1, "trend": 11.078756, "fair_value": 9.021206, "relative_strength": -13.659232, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.534811, "energy": 67.443976, "activity_lines": [ 10.566, 10.851091, 11.025031, 11.028263 ] }, { "date": "2026-02-06", "close": 11.15, "volume": 398135726, "typical_volume": 287232525.45, "trend": 11.075341, "fair_value": 9.036595, "relative_strength": -7.208477, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.961405, "energy": 51.321001, "activity_lines": [ 10.71, 10.866727, 11.037632, 11.032859 ] }, { "date": "2026-02-13", "close": 11.31, "volume": 253758659, "typical_volume": 278644522.1, "trend": 11.068822, "fair_value": 9.055694, "relative_strength": -6.116719, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -16.097149, "energy": 13.617395, "activity_lines": [ 10.926, 10.919091, 11.060952, 11.047998 ] }, { "date": "2026-02-27", "close": 11.25, "volume": 201114433, "typical_volume": 279952036.15, "trend": 11.066793, "fair_value": 9.074302, "relative_strength": -8.3123, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.511289, "energy": 12.124288, "activity_lines": [ 11.09, 10.963818, 11.076894, 11.059687 ] }, { "date": "2026-03-06", "close": 11.22, "volume": 236258394, "typical_volume": 284662722.45, "trend": 11.061817, "fair_value": 9.094876, "relative_strength": -7.583886, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.081552, "energy": 23.326814, "activity_lines": [ 11.190667, 11.005091, 11.08707, 11.069571 ] }, { "date": "2026-03-13", "close": 11.18, "volume": 205484819, "typical_volume": 277107170.8, "trend": 11.040258, "fair_value": 9.114298, "relative_strength": -7.182196, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 38.56134, "energy": 28.769028, "activity_lines": [ 11.22, 11.042545, 11.090115, 11.077196 ] }, { "date": "2026-03-20", "close": 11.37, "volume": 224298071, "typical_volume": 276866254.8, "trend": 11.041256, "fair_value": 9.134623, "relative_strength": -2.316603, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 55.892854, "energy": 35.620901, "activity_lines": [ 11.269333, 11.115273, 11.112156, 11.09847 ] }, { "date": "2026-03-27", "close": 11.2, "volume": 248391518, "typical_volume": 272509559.0, "trend": 11.046969, "fair_value": 9.156331, "relative_strength": -2.680848, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 47.983169, "energy": 27.300462, "activity_lines": [ 11.247333, 11.158182, 11.116613, 11.108711 ] }, { "date": "2026-04-03", "close": 11.15, "volume": 212532575, "typical_volume": 268626212.35, "trend": 11.05783, "fair_value": 9.179191, "relative_strength": -2.217203, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 45.213152, "energy": 21.989089, "activity_lines": [ 11.216, 11.185273, 11.115399, 11.115358 ] }, { "date": "2026-04-10", "close": 10.91, "volume": 166218164, "typical_volume": 261801501.05, "trend": 11.06134, "fair_value": 9.201144, "relative_strength": -6.703967, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 11.963576, "energy": 5.926284, "activity_lines": [ 11.111333, 11.156, 11.092048, 11.105821 ] }, { "date": "2026-04-17", "close": 10.900619, "volume": 165980359, "typical_volume": 257941957.75, "trend": 11.066484, "fair_value": 9.223879, "relative_strength": -8.086839, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -10.637173, "energy": 10.281907, "activity_lines": [ 11.024206, 11.11484, 11.069202, 11.095452 ] }, { "date": "2026-04-24", "close": 11.518746, "volume": 254279935, "typical_volume": 260256088.05, "trend": 11.110402, "fair_value": 9.25005, "relative_strength": -3.390248, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.337272, "energy": 8.32665, "activity_lines": [ 11.161747, 11.179328, 11.107746, 11.12463 ] }, { "date": "2026-05-01", "close": 11.528558, "volume": 152094469, "typical_volume": 256565514.1, "trend": 11.129339, "fair_value": 9.276022, "relative_strength": -3.925034, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 44.381974, "energy": 25.70371, "activity_lines": [ 11.292642, 11.238895, 11.147469, 11.151608 ] }, { "date": "2026-05-08", "close": 11.106661, "volume": 135239213, "typical_volume": 249415900.3, "trend": 11.14492, "fair_value": 9.298604, "relative_strength": -8.710586, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 29.372027, "energy": 21.852489, "activity_lines": [ 11.261001, 11.217781, 11.146827, 11.150145 ] }, { "date": "2026-05-15", "close": 11.008547, "volume": 226852877, "typical_volume": 251185167.4, "trend": 11.161124, "fair_value": 9.319611, "relative_strength": -8.303052, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -4.757549, "energy": 9.104788, "activity_lines": [ 11.199544, 11.181433, 11.138048, 11.141347 ] }, { "date": "2026-05-22", "close": 10.635708, "volume": 213858908, "typical_volume": 253593667.8, "trend": 11.136672, "fair_value": 9.338385, "relative_strength": -10.664556, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.473316, "energy": 31.91036, "activity_lines": [ 11.007238, 11.081141, 11.095672, 11.107449 ] }, { "date": "2026-05-29", "close": 10.576838, "volume": 207752038, "typical_volume": 257392191.4, "trend": 11.119991, "fair_value": 9.358045, "relative_strength": -9.898903, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -64.68243, "energy": 53.752643, "activity_lines": [ 10.81297, 10.980042, 11.050472, 11.07133 ] }, { "date": "2026-06-05", "close": 10.949677, "volume": 40706229, "typical_volume": 234724947.95, "trend": 11.11801, "fair_value": 9.380674, "relative_strength": -5.424969, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.397366, "energy": 50.9887, "activity_lines": [ 10.805774, 10.961153, 11.044843, 11.060342 ] }, { "date": "2026-06-12", "close": 11.60705, "volume": 58838304, "typical_volume": 215905487.8, "trend": 11.128207, "fair_value": 9.409936, "relative_strength": 0.369482, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -13.383252, "energy": 11.376005, "activity_lines": [ 11.056296, 11.066337, 11.10125, 11.091893 ] }, { "date": "2026-06-19", "close": 10.85, "volume": 218070494, "typical_volume": 209185308.45, "trend": 11.116413, "fair_value": 9.434188, "relative_strength": -7.114134, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.336962, "energy": 17.386763, "activity_lines": [ 11.021108, 11.025566, 11.080048, 11.073945 ] }, { "date": "2026-06-26", "close": 10.24, "volume": 57006304, "typical_volume": 193843574.45, "trend": 11.076747, "fair_value": 9.453951, "relative_strength": -10.422986, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.962257, "energy": 32.291703, "activity_lines": [ 10.793156, 10.874977, 10.99837, 11.017402 ] }, { "date": "2026-07-03", "close": 10.43, "volume": 54527220, "typical_volume": 176663149.15, "trend": 11.038747, "fair_value": 9.475248, "relative_strength": -8.675582, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.121896, "energy": 39.875037, "activity_lines": [ 10.654918, 10.770945, 10.936168, 10.975676 ] }, { "date": "2026-07-10", "close": 10.64, "volume": 204257964, "typical_volume": 174188114.4, "trend": 11.010413, "fair_value": 9.498682, "relative_strength": -5.264812, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.755769, "energy": 58.964756, "activity_lines": [ 10.59647, 10.724889, 10.897395, 10.949951 ] }, { "date": "2026-07-17", "close": 11.18, "volume": 267950578, "typical_volume": 177529921.65, "trend": 11.004413, "fair_value": 9.525466, "relative_strength": 5.84921, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.324388, "energy": 40.468596, "activity_lines": [ 10.738667, 10.793172, 10.913241, 10.960892 ] }, { "date": "2026-07-24", "close": 11.26, "volume": 272101138, "typical_volume": 179322058.85, "trend": 10.999413, "fair_value": 9.552875, "relative_strength": 5.426932, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -16.522163, "energy": 8.359471, "activity_lines": [ 10.936, 10.874666, 10.937039, 10.977381 ] }, { "date": "2026-07-31", "close": 11.63, "volume": 274858892, "typical_volume": 182790762.5, "trend": 11.01308, "fair_value": 9.581926, "relative_strength": 8.461897, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 37.819889, "energy": 30.171514, "activity_lines": [ 11.229333, 11.018861, 10.995885, 11.018064 ] }, { "date": "2026-08-07", "close": 11.21, "volume": 245889920, "typical_volume": 183870354.95, "trend": 11.005747, "fair_value": 9.608061, "relative_strength": 1.929406, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 42.416234, "energy": 35.161948, "activity_lines": [ 11.29, 11.068614, 11.012587, 11.030769 ] } ], "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." } } }