{ "ticker": { "uuid": "861e2ca1-ee9e-45fc-8ea4-7c7fb625cbf1", "symbol": "8437", "name": "Dadi Early-Childhood Education Group Limited", "exchange": "TWO", "country": "TW", "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": "2026-08-14", "benchmark": "^TWII", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -71.454, "architecture_energy": 66.522, "architecture_maturity": 100.0, "architecture_confidence": 93.136, "architecture_tenure": "Extended", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 4.5, "rotation_up": 21.87, "upward_expansion": 12.0, "deceleration": 49.9, "rotation_down": 68.49, "downward_expansion": 90.0 }, "activity_lines": [ 9.226667, 9.543636, 10.26619, 11.037204 ], "activity_state": "Wide", "activity_direction": "Stable", "rotation_direction": "Improving", "price_acceptance": -1.0 }, "latest_close": 9.11, "trend_reference": 12.297667, "distance_from_trend": -0.259209, "trend_direction": "Weakening", "fair_value": 27.027812, "distance_from_fair_value": -0.66294, "fair_value_direction": "Improving", "relative_strength": -57.146007, "relative_strength_direction": "Weakening", "price_momentum": -0.423418, "excess_performance": -0.86479, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.259209, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.162665, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.66294, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.005363, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.57146, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.007896, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.423418, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.34931, "read": "Supply-led" } ], "volume": { "latest": 195053, "relative_activity": 0.556347, "balance": 0.34931, "dry_up": 0.53094, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.08942, "annualized_volatility": 0.283118, "from_high_reference": -0.515426, "from_low_reference": 0.043528 }, "levels": { "trend_reference": 12.297667, "fair_value_reference": 27.027812, "structural_low": 8.73, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 47, "median_return": -0.037572, "positive_rate": 0.276596, "directional_follow_through": 0.638298, "median_excess_return": -0.073231, "regime_survival": 0.914894, "best_return": 0.333932, "worst_return": -0.29, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 15, "median_return": -0.126045, "positive_rate": 0.2, "directional_follow_through": 0.8, "median_excess_return": -0.187974, "regime_survival": 0.8, "best_return": 0.184874, "worst_return": -0.349223, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": -0.193557, "positive_rate": 0.125, "directional_follow_through": 0.875, "median_excess_return": -0.318783, "regime_survival": 0.75, "best_return": 0.196099, "worst_return": -0.506751, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.291525, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.423447, "regime_survival": 0.75, "best_return": -0.187792, "worst_return": -0.58519, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2021-08-27", "end": "2021-09-10", "tenure": "New", "return": -0.04491, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2021-09-17", "end": "2022-07-15", "tenure": "Extended", "return": -0.263666, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2022-07-22", "end": "2022-09-02", "tenure": "Developing", "return": -0.089256, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2022-09-09", "end": "2022-12-16", "tenure": "Established", "return": -0.009804, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2022-12-23", "end": "2023-02-24", "tenure": "Developing", "return": 0.084158, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-03-03", "end": "2023-04-21", "tenure": "Developing", "return": -0.047826, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-04-28", "end": "2023-06-02", "tenure": "Developing", "return": -0.077273, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-06-09", "end": "2023-07-07", "tenure": "Developing", "return": -0.017734, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-07-14", "end": "2024-07-05", "tenure": "Extended", "return": -0.708651, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-07-12", "end": "2024-08-09", "tenure": "Developing", "return": -0.202735, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-16", "end": "2024-12-13", "tenure": "Established", "return": -0.086522, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-20", "end": "2025-02-14", "tenure": "Developing", "return": 0.186975, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-21", "end": "2025-04-11", "tenure": "Developing", "return": -0.240964, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2026-08-14", "tenure": "Extended", "return": -0.562601, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 90.818291, "volume": 29000, "typical_volume": 64200.0, "trend": 95.946974, "fair_value": 118.436843, "relative_strength": -8.403059, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.933591, "energy": 33.134064, "activity_lines": [ 90.32985, 89.940833, 91.495587, 93.893459 ] }, { "date": "2023-08-18", "close": 84.580261, "volume": 91000, "typical_volume": 66900.0, "trend": 95.760221, "fair_value": 118.017857, "relative_strength": -13.180407, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.735666, "energy": 49.472027, "activity_lines": [ 88.535866, 88.968211, 90.599894, 93.160123 ] }, { "date": "2023-08-25", "close": 73.205055, "volume": 365000, "typical_volume": 83850.0, "trend": 95.179412, "fair_value": 117.56125, "relative_strength": -24.844262, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -93.043272, "energy": 84.180667, "activity_lines": [ 83.29389, 86.037353, 88.713431, 91.704951 ] }, { "date": "2023-09-01", "close": 73.847191, "volume": 240000, "typical_volume": 92550.0, "trend": 94.262847, "fair_value": 117.106044, "relative_strength": -24.554841, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.330023, "energy": 95.448385, "activity_lines": [ 79.308525, 83.556286, 87.03275, 90.328678 ] }, { "date": "2023-09-08", "close": 72.746368, "volume": 94000, "typical_volume": 92700.0, "trend": 93.428642, "fair_value": 116.638352, "relative_strength": -24.931554, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.802564, "energy": 94.023509, "activity_lines": [ 75.914305, 81.155847, 85.388795, 88.940518 ] }, { "date": "2023-09-15", "close": 71.829018, "volume": 53000, "typical_volume": 91900.0, "trend": 92.57874, "fair_value": 116.132197, "relative_strength": -26.90811, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.936224, "energy": 92.507339, "activity_lines": [ 73.510834, 78.88454, 83.776647, 87.546994 ] }, { "date": "2023-09-22", "close": 70.819923, "volume": 70000, "typical_volume": 94050.0, "trend": 91.680319, "fair_value": 115.605998, "relative_strength": -24.946294, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.768302, "energy": 91.984123, "activity_lines": [ 72.036949, 76.742363, 82.19406, 86.1432 ] }, { "date": "2023-09-29", "close": 70.636444, "volume": 29000, "typical_volume": 90450.0, "trend": 90.612085, "fair_value": 115.089483, "relative_strength": -24.721567, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.965666, "energy": 90.283228, "activity_lines": [ 71.41926, 74.910763, 80.722345, 84.78553 ] }, { "date": "2023-10-06", "close": 64.214958, "volume": 163000, "typical_volume": 96300.0, "trend": 89.210748, "fair_value": 114.520944, "relative_strength": -31.740893, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.851356, "energy": 90.920875, "activity_lines": [ 68.832316, 72.242657, 78.753398, 83.08249 ] }, { "date": "2023-10-13", "close": 58.894283, "volume": 233000, "typical_volume": 106200.0, "trend": 87.617173, "fair_value": 113.934589, "relative_strength": -37.827413, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -93.971706, "energy": 77.254376, "activity_lines": [ 65.113963, 69.043585, 76.433266, 81.126589 ] }, { "date": "2023-10-20", "close": 52.564526, "volume": 376000, "typical_volume": 122200.0, "trend": 85.767961, "fair_value": 113.296799, "relative_strength": -42.800434, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -96.617629, "energy": 93.360727, "activity_lines": [ 60.209163, 65.299102, 73.674175, 78.865128 ] }, { "date": "2023-10-27", "close": 48.161213, "volume": 225000, "typical_volume": 130200.0, "trend": 83.905908, "fair_value": 112.625351, "relative_strength": -46.062013, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -94.766927, "energy": 96.69132, "activity_lines": [ 55.120892, 61.44954, 70.676982, 76.438886 ] }, { "date": "2023-11-03", "close": 45.592617, "volume": 417000, "typical_volume": 146650.0, "trend": 81.973116, "fair_value": 111.948299, "relative_strength": -49.635038, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.691508, "energy": 96.430907, "activity_lines": [ 50.687003, 57.795126, 67.637389, 73.967061 ] }, { "date": "2023-11-10", "close": 44.766994, "volume": 279000, "typical_volume": 158450.0, "trend": 80.012803, "fair_value": 111.271385, "relative_strength": -50.559028, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.315026, "energy": 93.961679, "activity_lines": [ 47.647494, 54.492642, 64.737878, 71.566666 ] }, { "date": "2023-11-17", "close": 44.904602, "volume": 258000, "typical_volume": 169100.0, "trend": 78.250538, "fair_value": 110.614359, "relative_strength": -51.485786, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.62704, "energy": 90.798026, "activity_lines": [ 45.950386, 51.743909, 62.063488, 69.301621 ] }, { "date": "2023-11-24", "close": 44.904602, "volume": 203000, "typical_volume": 174300.0, "trend": 76.473393, "fair_value": 109.949187, "relative_strength": -51.278092, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.859054, "energy": 90.065495, "activity_lines": [ 45.185923, 49.50139, 59.59918, 67.15027 ] }, { "date": "2023-12-01", "close": 44.491791, "volume": 270000, "typical_volume": 181300.0, "trend": 74.697368, "fair_value": 109.262363, "relative_strength": -51.714761, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.065361, "energy": 89.699311, "activity_lines": [ 44.794518, 47.673349, 57.30564, 65.086941 ] }, { "date": "2023-12-08", "close": 45.133942, "volume": 514000, "typical_volume": 202950.0, "trend": 73.04692, "fair_value": 108.552504, "relative_strength": -50.243993, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.427453, "energy": 68.456496, "activity_lines": [ 44.861792, 46.440756, 55.288709, 63.179623 ] }, { "date": "2023-12-15", "close": 45.317413, "volume": 177000, "typical_volume": 207900.0, "trend": 71.32818, "fair_value": 107.846536, "relative_strength": -50.166709, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.78107, "energy": 67.237752, "activity_lines": [ 45.020801, 45.705203, 53.497391, 61.390622 ] }, { "date": "2023-12-22", "close": 44.812862, "volume": 227000, "typical_volume": 215650.0, "trend": 69.711674, "fair_value": 107.145479, "relative_strength": -49.818677, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.374354, "energy": 66.541653, "activity_lines": [ 44.974931, 45.221506, 51.862312, 59.679957 ] }, { "date": "2023-12-29", "close": 46.418236, "volume": 199000, "typical_volume": 224150.0, "trend": 68.237971, "fair_value": 106.465574, "relative_strength": -48.258336, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.820622, "energy": 59.808964, "activity_lines": [ 45.470303, 45.28572, 50.605752, 58.177154 ] }, { "date": "2024-01-05", "close": 45.867825, "volume": 43000, "typical_volume": 221750.0, "trend": 66.745921, "fair_value": 105.787571, "relative_strength": -46.902921, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.024803, "energy": 58.2808, "activity_lines": [ 45.681295, 45.361611, 49.508201, 56.733919 ] }, { "date": "2024-01-12", "close": 44.262447, "volume": 146000, "typical_volume": 210800.0, "trend": 65.170595, "fair_value": 105.126429, "relative_strength": -47.989121, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.632867, "energy": 61.630249, "activity_lines": [ 45.265425, 45.187312, 48.442101, 55.283372 ] }, { "date": "2024-01-19", "close": 43.574432, "volume": 132000, "typical_volume": 205400.0, "trend": 63.646743, "fair_value": 104.466306, "relative_strength": -48.549175, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.330887, "energy": 67.473419, "activity_lines": [ 44.678317, 44.912105, 47.448298, 53.890072 ] }, { "date": "2024-01-26", "close": 36.69426, "volume": 1435000, "typical_volume": 272450.0, "trend": 61.902482, "fair_value": 103.789232, "relative_strength": -56.727687, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -94.50994, "energy": 95.032709, "activity_lines": [ 41.914017, 43.40764, 45.943397, 52.151202 ] }, { "date": "2024-02-02", "close": 31.83227, "volume": 780000, "typical_volume": 308800.0, "trend": 59.996154, "fair_value": 103.119003, "relative_strength": -61.859524, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -96.217455, "energy": 98.488793, "activity_lines": [ 38.070294, 41.168457, 44.147125, 50.211188 ] }, { "date": "2024-02-09", "close": 30.731443, "volume": 254000, "typical_volume": 318000.0, "trend": 58.029321, "fair_value": 102.49059, "relative_strength": -62.538917, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -94.995523, "energy": 98.215552, "activity_lines": [ 34.832026, 38.966801, 42.436474, 48.323142 ] }, { "date": "2024-02-16", "close": 31.190121, "volume": 253000, "typical_volume": 329200.0, "trend": 56.107541, "fair_value": 101.862403, "relative_strength": -62.286592, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.359051, "energy": 94.509138, "activity_lines": [ 32.755743, 37.09873, 40.960404, 46.591581 ] }, { "date": "2024-02-23", "close": 32.061611, "volume": 579000, "typical_volume": 350000.0, "trend": 54.235644, "fair_value": 101.266953, "relative_strength": -61.034426, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.652196, "energy": 88.913341, "activity_lines": [ 31.841445, 35.642635, 39.755172, 45.040231 ] }, { "date": "2024-03-01", "close": 30.731443, "volume": 216000, "typical_volume": 349150.0, "trend": 52.186881, "fair_value": 100.584237, "relative_strength": -61.909855, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.553546, "energy": 70.647076, "activity_lines": [ 31.251279, 34.185707, 38.576369, 43.523831 ] }, { "date": "2024-03-08", "close": 30.089291, "volume": 304000, "typical_volume": 345550.0, "trend": 50.162581, "fair_value": 99.824096, "relative_strength": -63.428207, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.865914, "energy": 71.776074, "activity_lines": [ 30.844583, 32.868049, 37.470518, 42.09818 ] }, { "date": "2024-03-15", "close": 30.089291, "volume": 147000, "typical_volume": 341650.0, "trend": 48.346216, "fair_value": 99.06667, "relative_strength": -62.299829, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.789153, "energy": 70.517771, "activity_lines": [ 30.554086, 31.847281, 36.471691, 40.803129 ] }, { "date": "2024-03-22", "close": 29.217804, "volume": 227000, "typical_volume": 332150.0, "trend": 46.879974, "fair_value": 98.276505, "relative_strength": -63.453448, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.344328, "energy": 71.609391, "activity_lines": [ 30.015904, 30.954944, 35.475923, 39.569038 ] }, { "date": "2024-03-29", "close": 27.337221, "volume": 495000, "typical_volume": 342950.0, "trend": 45.329642, "fair_value": 97.452564, "relative_strength": -65.030734, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.356032, "energy": 74.389029, "activity_lines": [ 28.982348, 29.994221, 34.379026, 38.308215 ] }, { "date": "2024-04-05", "close": 29.126068, "volume": 1077000, "typical_volume": 383900.0, "trend": 43.875632, "fair_value": 96.648236, "relative_strength": -61.848581, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.934986, "energy": 67.332629, "activity_lines": [ 28.860034, 29.653965, 33.535495, 37.262823 ] }, { "date": "2024-04-12", "close": 28.804993, "volume": 1117000, "typical_volume": 429600.0, "trend": 42.441498, "fair_value": 95.866286, "relative_strength": -61.999689, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.141353, "energy": 65.870968, "activity_lines": [ 28.73772, 29.392935, 32.736521, 36.290524 ] }, { "date": "2024-04-19", "close": 27.887636, "volume": 240000, "typical_volume": 428100.0, "trend": 41.010421, "fair_value": 95.054019, "relative_strength": -59.910854, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.372209, "energy": 66.425822, "activity_lines": [ 28.39524, 29.020155, 31.926845, 35.351565 ] }, { "date": "2024-04-26", "close": 28.116976, "volume": 313000, "typical_volume": 418050.0, "trend": 39.593106, "fair_value": 94.256798, "relative_strength": -59.705828, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.362451, "energy": 65.06464, "activity_lines": [ 28.275984, 28.740778, 31.218077, 34.51973 ] }, { "date": "2024-05-03", "close": 28.116976, "volume": 217000, "typical_volume": 420050.0, "trend": 38.38984, "fair_value": 93.456862, "relative_strength": -59.013944, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.444262, "energy": 65.804293, "activity_lines": [ 28.230116, 28.517277, 30.590344, 33.779334 ] }, { "date": "2024-05-10", "close": 27.750032, "volume": 503000, "typical_volume": 433850.0, "trend": 37.351698, "fair_value": 92.651859, "relative_strength": -59.179597, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.18867, "energy": 66.008142, "activity_lines": [ 28.00995, 28.298779, 30.009569, 33.092895 ] }, { "date": "2024-05-17", "close": 28.07111, "volume": 156000, "typical_volume": 431700.0, "trend": 36.535251, "fair_value": 91.865204, "relative_strength": -58.643713, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.65903, "energy": 62.824648, "activity_lines": [ 27.988546, 28.192866, 29.540626, 32.494147 ] }, { "date": "2024-05-24", "close": 27.841768, "volume": 272000, "typical_volume": 443150.0, "trend": 35.857936, "fair_value": 91.139528, "relative_strength": -58.474239, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.586319, "energy": 62.356103, "activity_lines": [ 27.93962, 28.081949, 29.137207, 31.933277 ] }, { "date": "2024-05-31", "close": 27.474829, "volume": 207000, "typical_volume": 446200.0, "trend": 35.25401, "fair_value": 90.411501, "relative_strength": -57.171255, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.205291, "energy": 62.43403, "activity_lines": [ 27.771439, 27.94518, 28.784681, 31.392432 ] }, { "date": "2024-06-07", "close": 26.832676, "volume": 209000, "typical_volume": 450050.0, "trend": 34.656199, "fair_value": 89.625053, "relative_strength": -58.388102, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.262102, "energy": 62.684653, "activity_lines": [ 27.432017, 27.723347, 28.450937, 30.84912 ] }, { "date": "2024-06-14", "close": 25.548378, "volume": 348000, "typical_volume": 395700.0, "trend": 34.010992, "fair_value": 88.819512, "relative_strength": -60.44543, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.398165, "energy": 65.706063, "activity_lines": [ 26.750115, 27.277178, 28.074603, 30.261519 ] }, { "date": "2024-06-21", "close": 25.915321, "volume": 782000, "typical_volume": 395800.0, "trend": 33.378016, "fair_value": 88.027184, "relative_strength": -60.078808, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.433007, "energy": 60.961854, "activity_lines": [ 26.337305, 26.962775, 27.786291, 29.739217 ] }, { "date": "2024-06-28", "close": 26.190527, "volume": 148000, "typical_volume": 390500.0, "trend": 32.767973, "fair_value": 87.233905, "relative_strength": -58.076035, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.093263, "energy": 59.503983, "activity_lines": [ 26.159949, 26.750949, 27.552365, 29.275508 ] }, { "date": "2024-07-05", "close": 26.144659, "volume": 147000, "typical_volume": 385200.0, "trend": 32.134997, "fair_value": 86.459338, "relative_strength": -57.815158, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.625909, "energy": 61.922355, "activity_lines": [ 26.077387, 26.56164, 27.335694, 28.848198 ] }, { "date": "2024-07-12", "close": 34.079796, "volume": 2494000, "typical_volume": 480950.0, "trend": 31.76041, "fair_value": 85.722061, "relative_strength": -44.306644, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 0.542494, "energy": 10.552578, "activity_lines": [ 28.728548, 27.850943, 27.898776, 28.973669 ] }, { "date": "2024-07-19", "close": 32.88723, "volume": 3187000, "typical_volume": 629500.0, "trend": 31.362889, "fair_value": 84.949989, "relative_strength": -42.150425, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": 20.579607, "energy": 34.423693, "activity_lines": [ 30.499046, 28.815001, 28.338671, 29.046367 ] }, { "date": "2024-07-26", "close": 29.814085, "volume": 522000, "typical_volume": 640400.0, "trend": 30.809417, "fair_value": 84.14464, "relative_strength": -44.156262, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": 1.272612, "energy": 28.931343, "activity_lines": [ 30.755905, 29.126902, 28.475619, 28.946444 ] }, { "date": "2024-08-02", "close": 29.96343, "volume": 473000, "typical_volume": 656700.0, "trend": 30.279271, "fair_value": 83.342965, "relative_strength": -40.696699, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.355875, "energy": 36.088674, "activity_lines": [ 30.802629, 29.434267, 28.628101, 28.891864 ] }, { "date": "2024-08-09", "close": 27.170631, "volume": 672000, "typical_volume": 678950.0, "trend": 29.709544, "fair_value": 82.503686, "relative_strength": -43.856312, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -19.570604, "energy": 18.420801, "activity_lines": [ 29.666892, 29.195274, 28.515201, 28.691307 ] }, { "date": "2024-08-16", "close": 28.448692, "volume": 396000, "typical_volume": 674000.0, "trend": 29.205352, "fair_value": 81.744398, "relative_strength": -41.592419, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -26.618618, "energy": 15.857059, "activity_lines": [ 28.888778, 29.194186, 28.53377, 28.609961 ] }, { "date": "2024-08-23", "close": 27.785995, "volume": 170000, "typical_volume": 628650.0, "trend": 28.90841, "fair_value": 81.022283, "relative_strength": -40.795229, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.077035, "energy": 17.72088, "activity_lines": [ 28.265172, 29.043226, 28.483933, 28.51839 ] }, { "date": "2024-08-30", "close": 28.448692, "volume": 190000, "typical_volume": 582300.0, "trend": 28.795624, "fair_value": 80.329269, "relative_strength": -37.901598, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.049464, "energy": 15.114987, "activity_lines": [ 28.202547, 28.972072, 28.50359, 28.488731 ] }, { "date": "2024-09-06", "close": 27.643988, "volume": 162000, "typical_volume": 578400.0, "trend": 28.692709, "fair_value": 79.584153, "relative_strength": -35.443359, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.131647, "energy": 13.579189, "activity_lines": [ 27.962714, 28.708548, 28.448306, 28.414432 ] }, { "date": "2024-09-13", "close": 26.839283, "volume": 352000, "typical_volume": 580350.0, "trend": 28.547681, "fair_value": 78.853208, "relative_strength": -36.413783, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -46.670024, "energy": 26.712187, "activity_lines": [ 27.609275, 28.272287, 28.317544, 28.294856 ] }, { "date": "2024-09-20", "close": 26.791946, "volume": 238000, "typical_volume": 581400.0, "trend": 28.372026, "fair_value": 78.144051, "relative_strength": -35.679036, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -46.621812, "energy": 30.759228, "activity_lines": [ 27.262147, 27.814789, 28.188357, 28.181583 ] }, { "date": "2024-09-27", "close": 29.300734, "volume": 447000, "typical_volume": 578600.0, "trend": 28.324335, "fair_value": 77.473067, "relative_strength": -29.511682, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -27.141135, "energy": 16.014011, "activity_lines": [ 27.861731, 27.945941, 28.304412, 28.241499 ] }, { "date": "2024-10-04", "close": 31.762184, "volume": 2359000, "typical_volume": 688750.0, "trend": 28.380098, "fair_value": 76.826147, "relative_strength": -19.720835, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.635358, "energy": 22.268715, "activity_lines": [ 29.180817, 28.589839, 28.647507, 28.463296 ] }, { "date": "2024-10-11", "close": 28.922049, "volume": 832000, "typical_volume": 716750.0, "trend": 28.34119, "fair_value": 76.174828, "relative_strength": -27.034209, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.072929, "energy": 23.767573, "activity_lines": [ 29.332291, 28.681928, 28.702536, 28.49826 ] }, { "date": "2024-10-18", "close": 29.111391, "volume": 206000, "typical_volume": 716700.0, "trend": 28.337643, "fair_value": 75.527484, "relative_strength": -26.795361, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.303343, "energy": 31.606681, "activity_lines": [ 29.461674, 28.827377, 28.770454, 28.547951 ] }, { "date": "2024-10-25", "close": 29.442739, "volume": 290000, "typical_volume": 720750.0, "trend": 28.407827, "fair_value": 74.868456, "relative_strength": -24.034481, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.044731, "energy": 41.521273, "activity_lines": [ 29.550034, 28.997785, 28.862135, 28.619247 ] }, { "date": "2024-11-01", "close": 28.638035, "volume": 247000, "typical_volume": 715700.0, "trend": 28.391559, "fair_value": 74.218078, "relative_strength": -22.923515, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 42.861288, "energy": 20.564198, "activity_lines": [ 29.193439, 29.00381, 28.864749, 28.634099 ] }, { "date": "2024-11-08", "close": 29.253397, "volume": 235000, "typical_volume": 688350.0, "trend": 28.406506, "fair_value": 73.571644, "relative_strength": -22.537395, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.978834, "energy": 16.142889, "activity_lines": [ 29.086145, 29.106227, 28.911257, 28.689702 ] }, { "date": "2024-11-15", "close": 26.886618, "volume": 361000, "typical_volume": 699000.0, "trend": 28.373139, "fair_value": 72.915562, "relative_strength": -24.981245, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.961775, "energy": 8.9646, "activity_lines": [ 28.357177, 28.763689, 28.716461, 28.591645 ] }, { "date": "2024-11-22", "close": 27.028624, "volume": 159967, "typical_volume": 699648.35, "trend": 28.336861, "fair_value": 72.265913, "relative_strength": -23.798849, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.612281, "energy": 18.371497, "activity_lines": [ 27.811239, 28.460741, 28.531875, 28.504902 ] }, { "date": "2024-11-29", "close": 26.697277, "volume": 258000, "typical_volume": 587848.35, "trend": 28.289537, "fair_value": 71.605855, "relative_strength": -21.240615, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.529607, "energy": 37.343932, "activity_lines": [ 27.293704, 28.094106, 28.311522, 28.399122 ] }, { "date": "2024-12-06", "close": 26.981289, "volume": 133000, "typical_volume": 435148.35, "trend": 28.263912, "fair_value": 70.961425, "relative_strength": -22.188805, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.475269, "energy": 43.81911, "activity_lines": [ 27.053871, 27.78083, 28.153374, 28.314719 ] }, { "date": "2024-12-13", "close": 25.987242, "volume": 331000, "typical_volume": 425598.35, "trend": 28.19445, "fair_value": 70.338237, "relative_strength": -23.072855, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -63.655445, "energy": 60.43122, "activity_lines": [ 26.593138, 27.328991, 27.928677, 28.167837 ] }, { "date": "2024-12-20", "close": 22.531742, "volume": 490000, "typical_volume": 426448.35, "trend": 28.017449, "fair_value": 69.651478, "relative_strength": -30.379716, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.064096, "energy": 75.801974, "activity_lines": [ 25.198315, 26.353877, 27.393109, 27.802501 ] }, { "date": "2024-12-27", "close": 22.389736, "volume": 598000, "typical_volume": 422748.35, "trend": 27.847946, "fair_value": 68.98866, "relative_strength": -31.605307, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.42132, "energy": 82.214035, "activity_lines": [ 24.046482, 25.469132, 26.879405, 27.439423 ] }, { "date": "2025-01-03", "close": 24.425167, "volume": 673000, "typical_volume": 436598.35, "trend": 27.767696, "fair_value": 68.349937, "relative_strength": -22.547503, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.458899, "energy": 77.484344, "activity_lines": [ 23.882385, 25.076677, 26.582318, 27.218598 ] }, { "date": "2025-01-10", "close": 24.851187, "volume": 916000, "typical_volume": 473898.35, "trend": 27.744456, "fair_value": 67.702898, "relative_strength": -19.932157, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.914875, "energy": 75.122289, "activity_lines": [ 24.011769, 24.852908, 26.344963, 27.030436 ] }, { "date": "2025-01-17", "close": 25.797899, "volume": 347000, "typical_volume": 481748.35, "trend": 27.740542, "fair_value": 67.095065, "relative_strength": -15.749481, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.180233, "energy": 44.96675, "activity_lines": [ 24.598731, 24.870121, 26.211747, 26.904852 ] }, { "date": "2025-01-24", "close": 26.081913, "volume": 204000, "typical_volume": 483848.35, "trend": 27.736922, "fair_value": 66.494576, "relative_strength": -15.03888, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.562324, "energy": 24.623443, "activity_lines": [ 25.292986, 25.0018, 26.118203, 26.797844 ] }, { "date": "2025-02-07", "close": 26.31859, "volume": 267427, "typical_volume": 479619.7, "trend": 27.742719, "fair_value": 65.884558, "relative_strength": -13.275746, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.806343, "energy": 22.821076, "activity_lines": [ 25.829456, 25.191143, 26.054638, 26.706338 ] }, { "date": "2025-02-14", "close": 26.744612, "volume": 739342, "typical_volume": 504686.8, "trend": 27.498213, "fair_value": 65.280033, "relative_strength": -9.904358, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.830133, "energy": 22.010045, "activity_lines": [ 26.24601, 25.470853, 26.034126, 26.641944 ] }, { "date": "2025-02-21", "close": 27.50198, "volume": 377147, "typical_volume": 501194.15, "trend": 27.318705, "fair_value": 64.683124, "relative_strength": -8.901366, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.154274, "energy": 18.456907, "activity_lines": [ 26.76039, 25.887406, 26.08597, 26.642187 ] }, { "date": "2025-02-28", "close": 26.602604, "volume": 312172, "typical_volume": 398852.75, "trend": 27.211656, "fair_value": 64.091495, "relative_strength": -8.541187, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.707533, "energy": 15.842101, "activity_lines": [ 26.798258, 26.130969, 26.060724, 26.595987 ] }, { "date": "2025-03-07", "close": 26.034576, "volume": 235023, "typical_volume": 369003.9, "trend": 27.080694, "fair_value": 63.529363, "relative_strength": -7.943419, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.737358, "energy": 12.818072, "activity_lines": [ 26.593137, 26.260066, 26.00595, 26.520047 ] }, { "date": "2025-03-14", "close": 24.425167, "volume": 349157, "typical_volume": 376161.75, "trend": 26.989178, "fair_value": 62.965198, "relative_strength": -10.683086, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.114105, "energy": 18.852019, "activity_lines": [ 25.854702, 26.032856, 25.811649, 26.348722 ] }, { "date": "2025-03-21", "close": 24.425167, "volume": 255071, "typical_volume": 374415.3, "trend": 26.855061, "fair_value": 62.467308, "relative_strength": -11.063145, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.717478, "energy": 29.154137, "activity_lines": [ 25.242495, 25.768637, 25.639663, 26.183302 ] }, { "date": "2025-03-28", "close": 26.697277, "volume": 1824766, "typical_volume": 453303.6, "trend": 26.81877, "fair_value": 62.000551, "relative_strength": 0.263129, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.533544, "energy": 20.843873, "activity_lines": [ 25.542287, 25.917529, 25.707962, 26.173123 ] }, { "date": "2025-04-04", "close": 25.371878, "volume": 381250, "typical_volume": 460616.1, "trend": 26.71621, "fair_value": 61.500445, "relative_strength": -3.115978, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.34706, "energy": 25.578769, "activity_lines": [ 25.453927, 25.791875, 25.659273, 26.079775 ] }, { "date": "2025-04-11", "close": 20.874996, "volume": 724232, "typical_volume": 478777.7, "trend": 26.490577, "fair_value": 60.971513, "relative_strength": -12.568409, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -78.872881, "energy": 64.78598, "activity_lines": [ 23.948655, 24.856351, 25.200794, 25.702922 ] }, { "date": "2025-04-18", "close": 20.827662, "volume": 204317, "typical_volume": 480995.2, "trend": 26.290189, "fair_value": 60.450562, "relative_strength": -11.727451, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.407001, "energy": 74.305438, "activity_lines": [ 22.771577, 24.006892, 24.766434, 25.337573 ] }, { "date": "2025-04-25", "close": 21.017004, "volume": 126455, "typical_volume": 474417.95, "trend": 26.097691, "fair_value": 59.950154, "relative_strength": -12.553913, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.300242, "energy": 81.245482, "activity_lines": [ 21.897446, 23.291694, 24.379634, 24.997368 ] }, { "date": "2025-05-02", "close": 21.91638, "volume": 173736, "typical_volume": 476454.75, "trend": 25.851546, "fair_value": 59.455512, "relative_strength": -12.347, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.184915, "energy": 78.104273, "activity_lines": [ 21.550318, 22.844158, 24.105539, 24.727606 ] }, { "date": "2025-05-09", "close": 21.159012, "volume": 230717, "typical_volume": 471440.6, "trend": 25.498107, "fair_value": 58.989152, "relative_strength": -15.389162, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.268289, "energy": 75.325752, "activity_lines": [ 21.269461, 22.360474, 23.783431, 24.424861 ] }, { "date": "2025-05-16", "close": 20.827662, "volume": 306214, "typical_volume": 462251.3, "trend": 25.228294, "fair_value": 58.534476, "relative_strength": -19.756081, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.419064, "energy": 67.676939, "activity_lines": [ 21.159011, 21.91552, 23.452759, 24.123542 ] }, { "date": "2025-05-23", "close": 20.874996, "volume": 73429, "typical_volume": 436022.75, "trend": 24.953748, "fair_value": 58.110479, "relative_strength": -18.39191, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.68794, "energy": 52.453547, "activity_lines": [ 21.067495, 21.573843, 23.134708, 23.842684 ] }, { "date": "2025-05-30", "close": 20.969667, "volume": 92003, "typical_volume": 406972.9, "trend": 24.671312, "fair_value": 57.684327, "relative_strength": -16.430787, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.300416, "energy": 50.523406, "activity_lines": [ 21.004381, 21.313927, 22.832887, 23.585647 ] }, { "date": "2025-06-06", "close": 20.54365, "volume": 121200, "typical_volume": 367232.9, "trend": 24.401499, "fair_value": 57.258206, "relative_strength": -18.849459, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.734375, "energy": 50.192432, "activity_lines": [ 20.802416, 21.039381, 22.506948, 23.319346 ] }, { "date": "2025-06-13", "close": 20.448977, "volume": 161201, "typical_volume": 357942.95, "trend": 24.108018, "fair_value": 56.825955, "relative_strength": -20.337478, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.398109, "energy": 50.204827, "activity_lines": [ 20.660409, 20.859506, 22.192505, 23.064345 ] }, { "date": "2025-06-20", "close": 19.407595, "volume": 152558, "typical_volume": 355370.85, "trend": 23.858718, "fair_value": 56.320753, "relative_strength": -23.980602, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.736482, "energy": 54.772837, "activity_lines": [ 20.218611, 20.579796, 21.804353, 22.761092 ] }, { "date": "2025-06-27", "close": 19.691607, "volume": 101241, "typical_volume": 347061.55, "trend": 23.61415, "fair_value": 55.828418, "relative_strength": -24.389037, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.23005, "energy": 63.7963, "activity_lines": [ 19.966154, 20.378404, 21.475032, 22.492246 ] }, { "date": "2025-07-04", "close": 19.360258, "volume": 145020, "typical_volume": 317345.45, "trend": 23.369583, "fair_value": 55.31463, "relative_strength": -25.206637, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.157145, "energy": 67.114001, "activity_lines": [ 19.68214, 20.137423, 21.145712, 22.217801 ] }, { "date": "2025-07-11", "close": 18.981573, "volume": 221101, "typical_volume": 309543.15, "trend": 23.102926, "fair_value": 54.806697, "relative_strength": -26.988593, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.020527, "energy": 86.856469, "activity_lines": [ 19.379192, 19.857712, 20.81549, 21.934704 ] }, { "date": "2025-07-18", "close": 18.129532, "volume": 318778, "typical_volume": 309873.45, "trend": 22.841002, "fair_value": 54.285019, "relative_strength": -31.401066, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.78289, "energy": 90.946431, "activity_lines": [ 18.896369, 19.476445, 20.444694, 21.61384 ] }, { "date": "2025-07-25", "close": 17.656176, "volume": 449532, "typical_volume": 320598.9, "trend": 22.678483, "fair_value": 53.765829, "relative_strength": -32.35314, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.903324, "energy": 92.608728, "activity_lines": [ 18.41039, 19.064195, 20.069165, 21.279335 ] }, { "date": "2025-08-01", "close": 18.318876, "volume": 792030, "typical_volume": 342742.55, "trend": 22.542788, "fair_value": 53.245365, "relative_strength": -29.335019, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.21324, "energy": 85.377931, "activity_lines": [ 18.262072, 18.830099, 19.796647, 20.99807 ] }, { "date": "2025-08-08", "close": 17.656176, "volume": 560222, "typical_volume": 358000.1, "trend": 22.317155, "fair_value": 52.712368, "relative_strength": -32.796316, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.844903, "energy": 81.835729, "activity_lines": [ 17.98437, 18.521988, 19.490093, 20.682804 ] }, { "date": "2025-08-15", "close": 17.9, "volume": 569847, "typical_volume": 295254.15, "trend": 22.085449, "fair_value": 52.197503, "relative_strength": -32.112591, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.780074, "energy": 65.169214, "activity_lines": [ 17.901548, 18.318453, 19.238993, 20.397827 ] }, { "date": "2025-08-22", "close": 17.200001, "volume": 587976, "typical_volume": 305590.45, "trend": 21.798852, "fair_value": 51.672427, "relative_strength": -32.545314, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.520571, "energy": 66.0201, "activity_lines": [ 17.657497, 18.035712, 18.963119, 20.082637 ] }, { "date": "2025-08-29", "close": 17.85, "volume": 820888, "typical_volume": 310423.25, "trend": 21.524455, "fair_value": 51.157241, "relative_strength": -30.707353, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.243901, "energy": 56.822932, "activity_lines": [ 17.692082, 17.930224, 18.788062, 19.827872 ] }, { "date": "2025-09-05", "close": 18.25, "volume": 277091, "typical_volume": 314061.95, "trend": 21.255502, "fair_value": 50.690409, "relative_strength": -29.22911, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.414742, "energy": 48.823371, "activity_lines": [ 17.847079, 17.925785, 18.665506, 19.616617 ] }, { "date": "2025-09-12", "close": 18.15, "volume": 176684, "typical_volume": 316573.4, "trend": 20.969015, "fair_value": 50.225798, "relative_strength": -31.60356, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.99181, "energy": 39.668591, "activity_lines": [ 17.973333, 17.929374, 18.545701, 19.416262 ] }, { "date": "2025-09-19", "close": 18.25, "volume": 165258, "typical_volume": 316149.5, "trend": 20.660616, "fair_value": 49.758966, "relative_strength": -30.841774, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.185448, "energy": 31.856493, "activity_lines": [ 18.1, 17.973149, 18.449071, 19.240841 ] }, { "date": "2025-09-26", "close": 17.85, "volume": 141009, "typical_volume": 311664.1, "trend": 20.368862, "fair_value": 49.301018, "relative_strength": -31.711955, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.211505, "energy": 30.121095, "activity_lines": [ 18.07, 17.957499, 18.331806, 19.059511 ] }, { "date": "2025-10-03", "close": 17.549999, "volume": 111504, "typical_volume": 301928.6, "trend": 20.086043, "fair_value": 48.856027, "relative_strength": -35.054384, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.071257, "energy": 34.821375, "activity_lines": [ 17.896666, 17.892386, 18.201726, 18.877649 ] }, { "date": "2025-10-10", "close": 17.450001, "volume": 143004, "typical_volume": 305407.35, "trend": 19.853537, "fair_value": 48.439587, "relative_strength": -35.743066, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.109237, "energy": 41.385696, "activity_lines": [ 17.71, 17.811021, 18.077731, 18.707582 ] }, { "date": "2025-10-17", "close": 17.299999, "volume": 150562, "typical_volume": 308335.3, "trend": 19.616032, "fair_value": 48.0136, "relative_strength": -35.511947, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.007662, "energy": 45.021558, "activity_lines": [ 17.526666, 17.718182, 17.955759, 18.542838 ] }, { "date": "2025-10-24", "close": 17.75, "volume": 149320, "typical_volume": 309741.3, "trend": 19.317789, "fair_value": 47.618544, "relative_strength": -33.614222, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.948361, "energy": 40.337244, "activity_lines": [ 17.55, 17.713636, 17.894119, 18.422448 ] }, { "date": "2025-10-31", "close": 17.299999, "volume": 159033, "typical_volume": 309632.9, "trend": 19.048727, "fair_value": 47.246932, "relative_strength": -36.083439, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.67757, "energy": 45.216847, "activity_lines": [ 17.456666, 17.63, 17.802924, 18.292268 ] }, { "date": "2025-11-07", "close": 17.049999, "volume": 142282, "typical_volume": 309119.1, "trend": 18.921227, "fair_value": 46.915501, "relative_strength": -34.844164, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.677479, "energy": 48.077267, "activity_lines": [ 17.316666, 17.49909, 17.702916, 18.163318 ] }, { "date": "2025-11-14", "close": 17.049999, "volume": 198225, "typical_volume": 313968.3, "trend": 18.795305, "fair_value": 46.556596, "relative_strength": -33.401718, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.55488, "energy": 45.215162, "activity_lines": [ 17.209999, 17.382727, 17.614134, 18.042594 ] }, { "date": "2025-11-21", "close": 16.549999, "volume": 188308, "typical_volume": 316132.7, "trend": 18.646404, "fair_value": 46.199637, "relative_strength": -32.225146, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.870297, "energy": 68.264751, "activity_lines": [ 16.963332, 17.197272, 17.490312, 17.897736 ] }, { "date": "2025-11-28", "close": 17.0, "volume": 146521, "typical_volume": 312403.7, "trend": 18.482525, "fair_value": 45.838694, "relative_strength": -32.592489, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.412252, "energy": 63.96104, "activity_lines": [ 16.916666, 17.122727, 17.422729, 17.791516 ] }, { "date": "2025-12-05", "close": 17.1, "volume": 105011, "typical_volume": 301715.35, "trend": 18.347225, "fair_value": 45.473241, "relative_strength": -32.215048, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.16526, "energy": 54.390011, "activity_lines": [ 16.953333, 17.08909, 17.374107, 17.702321 ] }, { "date": "2025-12-12", "close": 17.0, "volume": 147251, "typical_volume": 286601.3, "trend": 18.219636, "fair_value": 45.00412, "relative_strength": -32.321294, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.948528, "energy": 48.027731, "activity_lines": [ 16.97, 17.050909, 17.320863, 17.615403 ] }, { "date": "2025-12-19", "close": 17.1, "volume": 105116, "typical_volume": 252255.6, "trend": 18.093803, "fair_value": 44.515607, "relative_strength": -29.916253, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.95808, "energy": 33.860045, "activity_lines": [ 17.023333, 17.040909, 17.280267, 17.543168 ] }, { "date": "2025-12-26", "close": 17.299999, "volume": 112181, "typical_volume": 229853.55, "trend": 17.97148, "fair_value": 44.048409, "relative_strength": -30.632771, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.261289, "energy": 22.559155, "activity_lines": [ 17.14, 17.073636, 17.264523, 17.491955 ] }, { "date": "2026-01-02", "close": 17.1, "volume": 126419, "typical_volume": 207682.15, "trend": 17.856692, "fair_value": 43.579929, "relative_strength": -32.727238, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.754827, "energy": 20.464994, "activity_lines": [ 17.14, 17.07, 17.231428, 17.435731 ] }, { "date": "2026-01-09", "close": 16.450001, "volume": 298629, "typical_volume": 193214.8, "trend": 17.723393, "fair_value": 43.107282, "relative_strength": -36.554021, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.638863, "energy": 35.654674, "activity_lines": [ 16.916667, 16.96, 17.140238, 17.344976 ] }, { "date": "2026-01-16", "close": 16.65, "volume": 229017, "typical_volume": 163621.25, "trend": 17.631473, "fair_value": 42.638779, "relative_strength": -37.297523, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.436209, "energy": 36.514501, "activity_lines": [ 16.803333, 16.901818, 17.071666, 17.275725 ] }, { "date": "2026-01-23", "close": 16.65, "volume": 338236, "typical_volume": 166678.5, "trend": 17.530086, "fair_value": 42.167415, "relative_strength": -37.538751, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.59693, "energy": 43.359066, "activity_lines": [ 16.713333, 16.850909, 17.008809, 17.212404 ] }, { "date": "2026-01-30", "close": 16.0, "volume": 434649, "typical_volume": 179576.75, "trend": 17.418078, "fair_value": 41.689022, "relative_strength": -39.315493, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.204259, "energy": 64.80857, "activity_lines": [ 16.436667, 16.689091, 16.891666, 17.113689 ] }, { "date": "2026-02-06", "close": 15.8, "volume": 348792, "typical_volume": 188753.45, "trend": 17.312025, "fair_value": 41.140662, "relative_strength": -38.649453, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.746012, "energy": 68.780126, "activity_lines": [ 16.18, 16.500909, 16.765714, 17.009297 ] }, { "date": "2026-02-13", "close": 15.65, "volume": 116030, "typical_volume": 187504.5, "trend": 17.229374, "fair_value": 40.614235, "relative_strength": -41.571948, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.250324, "energy": 74.698189, "activity_lines": [ 15.96, 16.307273, 16.637143, 16.90207 ] }, { "date": "2026-02-27", "close": 15.3, "volume": 253905, "typical_volume": 194624.55, "trend": 17.150835, "fair_value": 40.088427, "relative_strength": -44.828446, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.471475, "energy": 82.52708, "activity_lines": [ 15.676667, 16.076364, 16.485714, 16.777594 ] }, { "date": "2026-03-06", "close": 14.45, "volume": 449706, "typical_volume": 209959.65, "trend": 17.021872, "fair_value": 39.554308, "relative_strength": -44.084838, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.627402, "energy": 90.0246, "activity_lines": [ 15.2, 15.721818, 16.264048, 16.603346 ] }, { "date": "2026-03-13", "close": 13.55, "volume": 345502, "typical_volume": 219706.65, "trend": 16.885, "fair_value": 38.98294, "relative_strength": -46.250123, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -93.08491, "energy": 95.937883, "activity_lines": [ 14.57, 15.251818, 15.970952, 16.379355 ] }, { "date": "2026-03-20", "close": 13.15, "volume": 351965, "typical_volume": 229838.9, "trend": 16.726667, "fair_value": 38.386113, "relative_strength": -47.089674, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.313381, "energy": 95.73767, "activity_lines": [ 13.97, 14.777273, 15.657619, 16.138387 ] }, { "date": "2026-03-27", "close": 12.9, "volume": 320372, "typical_volume": 237905.85, "trend": 16.583333, "fair_value": 37.784821, "relative_strength": -46.432081, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.145818, "energy": 94.742988, "activity_lines": [ 13.463333, 14.329091, 15.342381, 15.891505 ] }, { "date": "2026-04-03", "close": 12.6, "volume": 129797, "typical_volume": 237281.6, "trend": 16.408333, "fair_value": 37.17302, "relative_strength": -45.588661, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.62264, "energy": 93.97501, "activity_lines": [ 13.04, 13.890909, 15.019524, 15.634516 ] }, { "date": "2026-04-10", "close": 12.35, "volume": 233571, "typical_volume": 239048.9, "trend": 16.211666, "fair_value": 36.585374, "relative_strength": -49.808887, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.832681, "energy": 93.259786, "activity_lines": [ 12.713333, 13.480909, 14.694048, 15.372688 ] }, { "date": "2026-04-17", "close": 12.5, "volume": 496341, "typical_volume": 254450.55, "trend": 16.023333, "fair_value": 36.001551, "relative_strength": -50.105823, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.533938, "energy": 89.422814, "activity_lines": [ 12.576667, 13.176364, 14.405238, 15.133226 ] }, { "date": "2026-04-24", "close": 12.95, "volume": 1008014, "typical_volume": 297525.2, "trend": 15.846666, "fair_value": 35.420613, "relative_strength": -50.089888, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.892832, "energy": 67.287985, "activity_lines": [ 12.66, 13.017273, 14.178571, 14.934946 ] }, { "date": "2026-05-01", "close": 12.5, "volume": 247117, "typical_volume": 304630.5, "trend": 15.668333, "fair_value": 34.873994, "relative_strength": -50.770913, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.191551, "energy": 67.642792, "activity_lines": [ 12.606667, 12.828182, 13.928333, 14.719032 ] }, { "date": "2026-05-08", "close": 11.9, "volume": 406358, "typical_volume": 317585.85, "trend": 15.48, "fair_value": 34.320667, "relative_strength": -55.133631, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.487602, "energy": 70.974023, "activity_lines": [ 12.38, 12.587273, 13.642857, 14.475914 ] }, { "date": "2026-05-15", "close": 11.2, "volume": 317459, "typical_volume": 328203.0, "trend": 15.271667, "fair_value": 33.765715, "relative_strength": -56.356447, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.118714, "energy": 74.070494, "activity_lines": [ 11.966667, 12.280909, 13.315, 14.199785 ] }, { "date": "2026-05-22", "close": 12.35, "volume": 388215, "typical_volume": 342004.7, "trend": 15.106667, "fair_value": 33.238168, "relative_strength": -52.146226, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.480493, "energy": 64.556328, "activity_lines": [ 12.013333, 12.242727, 13.124762, 14.01129 ] }, { "date": "2026-05-29", "close": 11.5, "volume": 289198, "typical_volume": 350143.65, "trend": 14.898333, "fair_value": 32.690862, "relative_strength": -56.936297, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.403372, "energy": 67.196684, "activity_lines": [ 11.786667, 12.071818, 12.877143, 13.778602 ] }, { "date": "2026-06-05", "close": 10.95, "volume": 709271, "typical_volume": 370675.75, "trend": 14.686667, "fair_value": 32.162926, "relative_strength": -58.310432, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.291075, "energy": 70.408855, "activity_lines": [ 11.473333, 11.830909, 12.60381, 13.523871 ] }, { "date": "2026-06-12", "close": 10.4, "volume": 401418, "typical_volume": 379295.8, "trend": 14.465, "fair_value": 31.648636, "relative_strength": -58.622394, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.053115, "energy": 71.802162, "activity_lines": [ 11.08, 11.525455, 12.304286, 13.247312 ] }, { "date": "2026-06-19", "close": 10.6, "volume": 290699, "typical_volume": 376918.95, "trend": 14.25, "fair_value": 31.135627, "relative_strength": -58.941821, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.201418, "energy": 77.100704, "activity_lines": [ 10.853333, 11.296364, 12.053571, 12.997957 ] }, { "date": "2026-06-26", "close": 10.1, "volume": 580403, "typical_volume": 384206.65, "trend": 14.035, "fair_value": 30.61369, "relative_strength": -58.272472, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.082946, "energy": 84.615922, "activity_lines": [ 10.5, 11.008182, 11.784048, 12.730215 ] }, { "date": "2026-07-03", "close": 10.05, "volume": 319570, "typical_volume": 382745.55, "trend": 13.803333, "fair_value": 30.105741, "relative_strength": -59.496853, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.780966, "energy": 78.13581, "activity_lines": [ 10.28, 10.754545, 11.537857, 12.473118 ] }, { "date": "2026-07-10", "close": 10.0, "volume": 204510, "typical_volume": 387169.55, "trend": 13.566667, "fair_value": 29.599189, "relative_strength": -57.44665, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.370948, "energy": 67.579528, "activity_lines": [ 10.14, 10.544545, 11.314286, 12.227742 ] }, { "date": "2026-07-17", "close": 9.84, "volume": 245402, "typical_volume": 386744.4, "trend": 13.328, "fair_value": 29.091612, "relative_strength": -54.474296, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.792664, "energy": 67.22733, "activity_lines": [ 10.01, 10.350909, 11.102381, 11.987312 ] }, { "date": "2026-07-24", "close": 9.88, "volume": 130002, "typical_volume": 370759.2, "trend": 13.087333, "fair_value": 28.579711, "relative_strength": -54.367995, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.35375, "energy": 65.468327, "activity_lines": [ 9.930667, 10.202, 10.920286, 11.76486 ] }, { "date": "2026-07-31", "close": 8.95, "volume": 343118, "typical_volume": 370640.0, "trend": 12.809, "fair_value": 28.067574, "relative_strength": -57.241604, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.274295, "energy": 70.584373, "activity_lines": [ 9.589333, 9.908, 10.671381, 11.497935 ] }, { "date": "2026-08-07", "close": 9.1, "volume": 76409, "typical_volume": 356862.2, "trend": 12.542333, "fair_value": 27.560404, "relative_strength": -56.62263, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.643658, "energy": 67.747076, "activity_lines": [ 9.374667, 9.703091, 10.458667, 11.258645 ] }, { "date": "2026-08-14", "close": 9.11, "volume": 195053, "typical_volume": 350596.25, "trend": 12.297667, "fair_value": 27.027812, "relative_strength": -57.146007, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.453807, "energy": 66.522426, "activity_lines": [ 9.226667, 9.543636, 10.26619, 11.037204 ] } ], "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." } } }