{ "ticker": { "uuid": "8836a2b5-84b8-44e7-8754-284fc2f84116", "symbol": "3437", "name": "Advanced Optoelectronic Technology Inc.", "exchange": "TAI", "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": "2026-08-21", "benchmark": "^TWII", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 90.177, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -35.913, "architecture_energy": 60.155, "architecture_maturity": 19.02, "architecture_confidence": 65.06, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 21.93, "rotation_up": 20.59, "upward_expansion": 22.02, "deceleration": 44.33, "rotation_down": 63.27, "downward_expansion": 61.36 }, "activity_lines": [ 17.43, 18.135455, 20.08, 20.641613 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 17.6, "trend_reference": 20.411667, "distance_from_trend": -0.137748, "trend_direction": "Improving", "fair_value": 21.495833, "distance_from_fair_value": -0.181237, "fair_value_direction": "Weakening", "relative_strength": -27.217168, "relative_strength_direction": "Weakening", "price_momentum": 0.139159, "excess_performance": -0.206574, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.137748, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.082177, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.181237, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.403602, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.272172, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.320872, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.139159, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.286051, "read": "Supply-led" } ], "volume": { "latest": 1777249, "relative_activity": 0.129615, "balance": 0.286051, "dry_up": 0.160888, "accumulation_observations": 0, "distribution_observations": 0 }, "risk": { "range_context": 0.124344, "annualized_volatility": 0.734412, "from_high_reference": -0.4377, "from_low_reference": 0.359073 }, "levels": { "trend_reference": 20.411667, "fair_value_reference": 21.495833, "structural_low": 14.0, "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": 4, "median_return": 0.006943, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.023121, "regime_survival": 0.25, "best_return": 0.045372, "worst_return": -0.084211, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 3, "median_return": -0.134216, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.04015, "regime_survival": 0.0, "best_return": -0.074792, "worst_return": -0.16421, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.064272, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.026964, "regime_survival": 0.0, "best_return": 0.684211, "worst_return": -0.228275, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.229076, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.108829, "regime_survival": 0.0, "best_return": 0.567867, "worst_return": -0.109714, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-07-12", "end": "2024-08-02", "tenure": "New", "return": -0.16323, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-09", "end": "2024-10-11", "tenure": "Developing", "return": 0.150655, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-18", "end": "2024-11-15", "tenure": "Developing", "return": -0.121324, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-22", "end": "2025-05-30", "tenure": "Extended", "return": -0.326964, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-06-06", "end": "2025-06-06", "tenure": "New", "return": 0.0, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-06-13", "end": "2025-08-29", "tenure": "Developing", "return": 0.117647, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-05", "end": "2025-11-21", "tenure": "Developing", "return": -0.176656, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-28", "end": "2026-01-09", "tenure": "Developing", "return": 0.078292, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-16", "end": "2026-01-30", "tenure": "New", "return": 0.081433, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "violet", "start": "2026-02-06", "end": "2026-02-27", "tenure": "New", "return": -0.031056, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-06", "end": "2026-03-13", "tenure": "New", "return": 0.263844, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-03-20", "end": "2026-06-05", "tenure": "Developing", "return": -0.025, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-12", "end": "2026-07-24", "tenure": "Developing", "return": -0.160757, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-31", "end": "2026-08-21", "tenure": "New", "return": 0.050746, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 17.549999, "volume": 909667, "typical_volume": 805957.5, "trend": 18.915, "fair_value": 22.95542, "relative_strength": -10.616227, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.551821, "energy": 75.963488, "activity_lines": [ 17.593333, 17.948182, 18.43619, 18.75 ] }, { "date": "2023-08-25", "close": 17.200001, "volume": 457556, "typical_volume": 810969.95, "trend": 18.92, "fair_value": 22.920748, "relative_strength": -12.568578, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.855296, "energy": 78.624151, "activity_lines": [ 17.42, 17.752727, 18.280714, 18.639355 ] }, { "date": "2023-09-01", "close": 17.6, "volume": 445001, "typical_volume": 786508.75, "trend": 18.893333, "fair_value": 22.893649, "relative_strength": -11.059933, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.093398, "energy": 73.659398, "activity_lines": [ 17.436667, 17.666364, 18.178571, 18.554194 ] }, { "date": "2023-09-08", "close": 17.65, "volume": 433082, "typical_volume": 734911.05, "trend": 18.878333, "fair_value": 22.874695, "relative_strength": -10.09256, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.132544, "energy": 49.686297, "activity_lines": [ 17.503333, 17.617273, 18.096429, 18.473978 ] }, { "date": "2023-09-15", "close": 17.6, "volume": 781053, "typical_volume": 724107.0, "trend": 18.851667, "fair_value": 22.835701, "relative_strength": -11.822925, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.641099, "energy": 43.348134, "activity_lines": [ 17.556667, 17.579091, 18.017381, 18.391505 ] }, { "date": "2023-09-22", "close": 17.65, "volume": 524865, "typical_volume": 729386.9, "trend": 18.806667, "fair_value": 22.797653, "relative_strength": -8.142642, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.793552, "energy": 31.768598, "activity_lines": [ 17.6, 17.570909, 17.949524, 18.313978 ] }, { "date": "2023-09-29", "close": 17.6, "volume": 175161, "typical_volume": 698789.4, "trend": 18.763333, "fair_value": 22.76711, "relative_strength": -8.166831, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.938173, "energy": 28.61527, "activity_lines": [ 17.62, 17.565455, 17.884048, 18.236129 ] }, { "date": "2023-10-06", "close": 17.299999, "volume": 478012, "typical_volume": 690584.9, "trend": 18.683333, "fair_value": 22.71868, "relative_strength": -10.354212, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.165305, "energy": 36.205986, "activity_lines": [ 17.513333, 17.513636, 17.793809, 18.14172 ] }, { "date": "2023-10-13", "close": 17.299999, "volume": 210346, "typical_volume": 663985.45, "trend": 18.616667, "fair_value": 22.696544, "relative_strength": -11.431787, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.492544, "energy": 38.047134, "activity_lines": [ 17.426666, 17.476363, 17.710714, 18.052473 ] }, { "date": "2023-10-20", "close": 16.700001, "volume": 356106, "typical_volume": 626454.4, "trend": 18.463333, "fair_value": 22.666179, "relative_strength": -12.415502, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.704397, "energy": 50.046431, "activity_lines": [ 17.163333, 17.337273, 17.578571, 17.928817 ] }, { "date": "2023-10-27", "close": 18.5, "volume": 4410769, "typical_volume": 808284.7, "trend": 18.391667, "fair_value": 22.645788, "relative_strength": -0.974182, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.572481, "energy": 17.326112, "activity_lines": [ 17.56, 17.534545, 17.63119, 17.931183 ] }, { "date": "2023-11-03", "close": 18.200001, "volume": 1513280, "typical_volume": 853793.15, "trend": 18.318333, "fair_value": 22.62097, "relative_strength": -4.533466, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.768706, "energy": 10.817813, "activity_lines": [ 17.8, 17.66, 17.660476, 17.918817 ] }, { "date": "2023-11-10", "close": 18.200001, "volume": 1289431, "typical_volume": 895015.1, "trend": 18.231667, "fair_value": 22.598342, "relative_strength": -5.215333, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.354469, "energy": 11.66062, "activity_lines": [ 18.000001, 17.767273, 17.694524, 17.911183 ] }, { "date": "2023-11-17", "close": 19.1, "volume": 1356189, "typical_volume": 936540.65, "trend": 18.225, "fair_value": 22.592127, "relative_strength": -3.414307, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.622295, "energy": 32.377695, "activity_lines": [ 18.440001, 18.027273, 17.81881, 17.967204 ] }, { "date": "2023-11-24", "close": 26.5, "volume": 64661852, "typical_volume": 4129514.15, "trend": 18.476667, "fair_value": 22.630217, "relative_strength": 32.589604, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.649387, "energy": 91.053611, "activity_lines": [ 21.226667, 19.606364, 18.646191, 18.501075 ] }, { "date": "2023-12-01", "close": 32.849998, "volume": 52714111, "typical_volume": 6704169.15, "trend": 18.933333, "fair_value": 22.70776, "relative_strength": 60.956692, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 99.480545, "energy": 99.408104, "activity_lines": [ 25.476666, 22.178182, 20.041429, 19.428387 ] }, { "date": "2023-12-08", "close": 31.200001, "volume": 17863007, "typical_volume": 7555905.15, "trend": 19.36, "fair_value": 22.76471, "relative_strength": 51.871822, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.289058, "energy": 97.51626, "activity_lines": [ 28.22, 24.173636, 21.210238, 20.219785 ] }, { "date": "2023-12-15", "close": 31.0, "volume": 36344418, "typical_volume": 9314651.9, "trend": 19.766667, "fair_value": 22.818187, "relative_strength": 47.097751, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.891797, "energy": 92.531176, "activity_lines": [ 30.03, 25.885455, 22.297381, 20.970753 ] }, { "date": "2023-12-22", "close": 28.799999, "volume": 15191741, "typical_volume": 10038431.7, "trend": 20.093333, "fair_value": 22.845666, "relative_strength": 36.308379, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.476935, "energy": 88.634112, "activity_lines": [ 30.253333, 26.948182, 23.113571, 21.553548 ] }, { "date": "2023-12-29", "close": 29.6, "volume": 28138902, "typical_volume": 11412727.45, "trend": 20.43, "fair_value": 22.878899, "relative_strength": 36.555166, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.402777, "energy": 66.654657, "activity_lines": [ 30.096666, 27.947273, 23.953095, 22.166882 ] }, { "date": "2024-01-05", "close": 28.549999, "volume": 6788750, "typical_volume": 11706681.6, "trend": 20.728333, "fair_value": 22.908845, "relative_strength": 33.903702, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.290749, "energy": 61.127132, "activity_lines": [ 29.383333, 28.520909, 24.633571, 22.690753 ] }, { "date": "2024-01-12", "close": 28.85, "volume": 17668300, "typical_volume": 12567218.8, "trend": 21.05, "fair_value": 22.934141, "relative_strength": 34.417001, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.019579, "energy": 50.804199, "activity_lines": [ 29.056666, 28.966363, 25.290238, 23.214731 ] }, { "date": "2024-01-19", "close": 30.4, "volume": 20142022, "typical_volume": 13552069.85, "trend": 21.425, "fair_value": 22.939322, "relative_strength": 39.038324, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.599581, "energy": 47.720068, "activity_lines": [ 29.403333, 29.5, 26.039047, 23.817957 ] }, { "date": "2024-01-26", "close": 28.5, "volume": 31620412, "typical_volume": 15111436.35, "trend": 21.75, "fair_value": 22.908535, "relative_strength": 27.203124, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.177266, "energy": 40.454863, "activity_lines": [ 29.156667, 29.466363, 26.545952, 24.274409 ] }, { "date": "2024-02-02", "close": 29.799999, "volume": 26174414, "typical_volume": 16381104.4, "trend": 22.118333, "fair_value": 22.891089, "relative_strength": 31.570699, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.083439, "energy": 40.139173, "activity_lines": [ 29.363333, 29.498181, 27.125, 24.793763 ] }, { "date": "2024-02-09", "close": 30.1, "volume": 3995447, "typical_volume": 16554633.5, "trend": 22.511667, "fair_value": 22.869931, "relative_strength": 31.616497, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.728753, "energy": 42.877359, "activity_lines": [ 29.656666, 29.524545, 27.674524, 25.30871 ] }, { "date": "2024-02-16", "close": 36.400002, "volume": 18719731, "typical_volume": 17481862.0, "trend": 23.123333, "fair_value": 22.91514, "relative_strength": 53.004477, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.190145, "energy": 56.577694, "activity_lines": [ 31.946667, 30.746364, 28.764762, 26.204731 ] }, { "date": "2024-02-23", "close": 37.400002, "volume": 97654115, "typical_volume": 22340667.15, "trend": 23.766667, "fair_value": 22.973957, "relative_strength": 53.123769, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.450638, "energy": 81.038452, "activity_lines": [ 34.066668, 32.055455, 29.860714, 27.125807 ] }, { "date": "2024-03-01", "close": 35.549999, "volume": 26611326, "typical_volume": 23660716.15, "trend": 24.361667, "fair_value": 22.995875, "relative_strength": 43.765127, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.122618, "energy": 85.642187, "activity_lines": [ 35.103334, 32.911818, 30.684762, 27.886022 ] }, { "date": "2024-03-08", "close": 30.6, "volume": 27955527, "typical_volume": 25040687.2, "trend": 24.808333, "fair_value": 22.990756, "relative_strength": 17.952187, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.391771, "energy": 74.764458, "activity_lines": [ 34.02, 32.745455, 30.950476, 28.288495 ] }, { "date": "2024-03-15", "close": 29.700001, "volume": 14506592, "typical_volume": 25545478.35, "trend": 25.213333, "fair_value": 22.974235, "relative_strength": 14.643888, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.292196, "energy": 46.07269, "activity_lines": [ 32.583334, 32.397273, 31.064286, 28.604086 ] }, { "date": "2024-03-22", "close": 30.1, "volume": 6892533, "typical_volume": 25814441.0, "trend": 25.643333, "fair_value": 22.95433, "relative_strength": 12.805604, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.96453, "energy": 24.139198, "activity_lines": [ 31.306667, 32.100909, 31.162857, 28.919355 ] }, { "date": "2024-03-29", "close": 30.15, "volume": 8221016, "typical_volume": 26161020.25, "trend": 26.061667, "fair_value": 22.925354, "relative_strength": 12.32366, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.467687, "energy": 28.458409, "activity_lines": [ 30.466667, 31.790909, 31.209524, 29.210108 ] }, { "date": "2024-04-05", "close": 30.0, "volume": 3833276, "typical_volume": 26284874.6, "trend": 26.473333, "fair_value": 22.884149, "relative_strength": 11.225391, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.392404, "energy": 25.313469, "activity_lines": [ 30.06, 31.458182, 31.185, 29.464194 ] }, { "date": "2024-04-12", "close": 28.65, "volume": 7229733, "typical_volume": 23413268.65, "trend": 26.841667, "fair_value": 22.829281, "relative_strength": 4.06211, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.608458, "energy": 15.314328, "activity_lines": [ 29.573333, 30.852727, 30.98, 29.604624 ] }, { "date": "2024-04-19", "close": 26.75, "volume": 6441257, "typical_volume": 21099625.95, "trend": 27.145, "fair_value": 22.753157, "relative_strength": 2.98051, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -10.56122, "energy": 22.278397, "activity_lines": [ 28.583333, 29.922727, 30.58381, 29.59871 ] }, { "date": "2024-04-26", "close": 26.75, "volume": 3014731, "typical_volume": 20357212.15, "trend": 27.45, "fair_value": 22.696126, "relative_strength": -0.21975, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -11.642401, "energy": 29.419578, "activity_lines": [ 27.79, 29.053636, 30.216667, 29.573226 ] }, { "date": "2024-05-03", "close": 26.75, "volume": 1922255, "typical_volume": 18636104.0, "trend": 27.765, "fair_value": 22.637844, "relative_strength": -1.377957, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.017171, "energy": 50.238198, "activity_lines": [ 27.22, 28.36, 29.870714, 29.528065 ] }, { "date": "2024-05-10", "close": 26.450001, "volume": 4667951, "typical_volume": 18109914.5, "trend": 28.07, "fair_value": 22.587342, "relative_strength": -4.390876, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.963915, "energy": 55.4939, "activity_lines": [ 26.776667, 27.805455, 29.516429, 29.443226 ] }, { "date": "2024-05-17", "close": 26.200001, "volume": 3223069, "typical_volume": 16864122.85, "trend": 28.386667, "fair_value": 22.554018, "relative_strength": -7.836213, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.676095, "energy": 62.687836, "activity_lines": [ 26.486667, 27.370909, 29.149524, 29.322581 ] }, { "date": "2024-05-24", "close": 26.0, "volume": 4913446, "typical_volume": 16770357.65, "trend": 28.636667, "fair_value": 22.554784, "relative_strength": -9.911788, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.163345, "energy": 63.003884, "activity_lines": [ 26.293334, 26.98, 28.779762, 29.168602 ] }, { "date": "2024-05-31", "close": 29.0, "volume": 7817691, "typical_volume": 16277827.2, "trend": 28.996667, "fair_value": 22.563199, "relative_strength": 2.042281, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.271316, "energy": 31.123247, "activity_lines": [ 27.15, 27.201818, 28.707857, 29.192043 ] }, { "date": "2024-06-07", "close": 27.549999, "volume": 15724855, "typical_volume": 16056968.85, "trend": 29.308333, "fair_value": 22.551989, "relative_strength": -6.227971, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -46.294059, "energy": 31.406216, "activity_lines": [ 27.373333, 27.18, 28.497143, 29.09871 ] }, { "date": "2024-06-14", "close": 29.200001, "volume": 6532786, "typical_volume": 14802587.55, "trend": 29.645, "fair_value": 22.556365, "relative_strength": -3.723843, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.970911, "energy": 23.217106, "activity_lines": [ 28.093333, 27.505455, 28.457143, 29.091721 ] }, { "date": "2024-06-21", "close": 28.700001, "volume": 13863555, "typical_volume": 14187044.6, "trend": 29.718333, "fair_value": 22.563483, "relative_strength": -8.576919, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.287687, "energy": 25.12253, "activity_lines": [ 28.463334, 27.754546, 28.366191, 29.030753 ] }, { "date": "2024-06-28", "close": 27.700001, "volume": 3174547, "typical_volume": 14145999.6, "trend": 29.546667, "fair_value": 22.560747, "relative_strength": -11.034588, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.310976, "energy": 20.268832, "activity_lines": [ 28.333334, 27.82091, 28.185238, 28.900538 ] }, { "date": "2024-07-05", "close": 28.799999, "volume": 4185636, "typical_volume": 13419294.85, "trend": 29.466667, "fair_value": 22.565689, "relative_strength": -9.685734, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.578568, "energy": 17.910079, "activity_lines": [ 28.456667, 28.07, 28.120476, 28.852366 ] }, { "date": "2024-07-12", "close": 29.1, "volume": 8951633, "typical_volume": 8984170.75, "trend": 29.403333, "fair_value": 22.575371, "relative_strength": -10.32101, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.453873, "energy": 10.347856, "activity_lines": [ 28.693333, 28.336364, 28.120476, 28.82871 ] }, { "date": "2024-07-19", "close": 28.299999, "volume": 20975692, "typical_volume": 8702389.05, "trend": 29.386667, "fair_value": 22.575856, "relative_strength": -9.020101, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.721246, "energy": 9.146702, "activity_lines": [ 28.56, 28.414545, 28.08381, 28.757527 ] }, { "date": "2024-07-26", "close": 26.1, "volume": 3818910, "typical_volume": 7495558.2, "trend": 29.27, "fair_value": 22.561925, "relative_strength": -13.410689, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.747327, "energy": 23.701098, "activity_lines": [ 27.753333, 28.059091, 27.872143, 28.545484 ] }, { "date": "2024-08-02", "close": 24.35, "volume": 4752707, "typical_volume": 7007863.95, "trend": 29.13, "fair_value": 22.528011, "relative_strength": -17.506989, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -70.217992, "energy": 55.153652, "activity_lines": [ 26.536666, 27.387273, 27.515238, 28.228065 ] }, { "date": "2024-08-09", "close": 22.9, "volume": 6600721, "typical_volume": 6993273.35, "trend": 28.931667, "fair_value": 22.48355, "relative_strength": -21.84198, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.856974, "energy": 72.131924, "activity_lines": [ 25.06, 26.481818, 27.045714, 27.826129 ] }, { "date": "2024-08-16", "close": 23.799999, "volume": 2125022, "typical_volume": 6688473.65, "trend": 28.711667, "fair_value": 22.45112, "relative_strength": -21.962799, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.923718, "energy": 73.18299, "activity_lines": [ 24.276666, 25.850909, 26.69619, 27.495054 ] }, { "date": "2024-08-23", "close": 23.799999, "volume": 1899970, "typical_volume": 6591808.35, "trend": 28.555, "fair_value": 22.426514, "relative_strength": -21.322974, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.23925, "energy": 73.812391, "activity_lines": [ 23.846666, 25.288181, 26.376905, 27.178172 ] }, { "date": "2024-08-30", "close": 28.1, "volume": 29273636, "typical_volume": 7694003.5, "trend": 28.498333, "fair_value": 22.450132, "relative_strength": -7.832768, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.740304, "energy": 36.335625, "activity_lines": [ 25.15, 25.605454, 26.496667, 27.148817 ] }, { "date": "2024-09-06", "close": 27.15, "volume": 34266455, "typical_volume": 9085263.4, "trend": 28.4, "fair_value": 22.458583, "relative_strength": -7.750007, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.810302, "energy": 19.434126, "activity_lines": [ 26.003333, 25.760909, 26.528571, 27.061828 ] }, { "date": "2024-09-13", "close": 25.85, "volume": 8128550, "typical_volume": 9340954.35, "trend": 28.048333, "fair_value": 22.458387, "relative_strength": -13.65562, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.501788, "energy": 17.350523, "activity_lines": [ 26.236666, 25.69, 26.434762, 26.897312 ] }, { "date": "2024-09-20", "close": 27.299999, "volume": 11812057, "typical_volume": 9835444.45, "trend": 27.711667, "fair_value": 22.476877, "relative_strength": -10.647369, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.729324, "energy": 18.341264, "activity_lines": [ 26.756666, 25.936363, 26.483333, 26.849032 ] }, { "date": "2024-09-27", "close": 26.549999, "volume": 5981857, "typical_volume": 9901139.75, "trend": 27.411667, "fair_value": 22.491185, "relative_strength": -15.730273, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -23.31851, "energy": 14.877177, "activity_lines": [ 26.793333, 26.07909, 26.457857, 26.774086 ] }, { "date": "2024-10-04", "close": 25.35, "volume": 1864529, "typical_volume": 9833212.75, "trend": 27.236667, "fair_value": 22.499992, "relative_strength": -17.765275, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.592204, "energy": 13.645046, "activity_lines": [ 26.246666, 26.035454, 26.317619, 26.641075 ] }, { "date": "2024-10-11", "close": 26.35, "volume": 11557142, "typical_volume": 10165397.55, "trend": 27.125, "fair_value": 22.524287, "relative_strength": -16.895216, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.136937, "energy": 10.768431, "activity_lines": [ 26.216666, 26.187272, 26.276666, 26.583871 ] }, { "date": "2024-10-18", "close": 27.200001, "volume": 23383875, "typical_volume": 10943706.75, "trend": 27.028333, "fair_value": 22.554657, "relative_strength": -16.518393, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.301752, "energy": 5.213693, "activity_lines": [ 26.523333, 26.457273, 26.315, 26.58871 ] }, { "date": "2024-10-25", "close": 25.799999, "volume": 5783575, "typical_volume": 10446642.75, "trend": 26.883333, "fair_value": 22.573548, "relative_strength": -20.298478, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.000514, "energy": 14.072777, "activity_lines": [ 26.273333, 26.394545, 26.228571, 26.509462 ] }, { "date": "2024-11-01", "close": 25.15, "volume": 2783201, "typical_volume": 10259163.5, "trend": 26.721667, "fair_value": 22.582638, "relative_strength": -20.369658, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.825747, "energy": 17.163565, "activity_lines": [ 25.906667, 26.177273, 26.088571, 26.397634 ] }, { "date": "2024-11-08", "close": 24.75, "volume": 3146928, "typical_volume": 9723332.15, "trend": 26.591667, "fair_value": 22.588538, "relative_strength": -24.168362, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.152054, "energy": 34.20387, "activity_lines": [ 25.5, 25.862727, 25.929762, 26.27043 ] }, { "date": "2024-11-15", "close": 23.9, "volume": 3183389, "typical_volume": 9723774.25, "trend": 26.496667, "fair_value": 22.585546, "relative_strength": -24.098874, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.737726, "energy": 50.634367, "activity_lines": [ 24.85, 25.454545, 25.708809, 26.096774 ] }, { "date": "2024-11-22", "close": 23.549999, "volume": 2151578, "typical_volume": 9622071.35, "trend": 26.39, "fair_value": 22.582189, "relative_strength": -25.213636, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.695894, "energy": 57.968301, "activity_lines": [ 24.246666, 25.041818, 25.472619, 25.906666 ] }, { "date": "2024-11-29", "close": 23.200001, "volume": 2225234, "typical_volume": 9285751.4, "trend": 26.271667, "fair_value": 22.572518, "relative_strength": -23.298073, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.005007, "energy": 65.454714, "activity_lines": [ 23.77, 24.607273, 25.228095, 25.70086 ] }, { "date": "2024-12-06", "close": 23.700001, "volume": 1442468, "typical_volume": 8309090.2, "trend": 26.18, "fair_value": 22.575757, "relative_strength": -23.957578, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.037124, "energy": 65.790445, "activity_lines": [ 23.633334, 24.338182, 25.059286, 25.534946 ] }, { "date": "2024-12-13", "close": 22.049999, "volume": 1871142, "typical_volume": 8211701.8, "trend": 26.041667, "fair_value": 22.565601, "relative_strength": -27.89915, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.326827, "energy": 73.573749, "activity_lines": [ 23.043333, 23.820909, 24.755238, 25.268494 ] }, { "date": "2024-12-20", "close": 21.35, "volume": 1893549, "typical_volume": 8068743.9, "trend": 25.886667, "fair_value": 22.548141, "relative_strength": -27.887238, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.323717, "energy": 78.989748, "activity_lines": [ 22.4, 23.236364, 24.403809, 24.965806 ] }, { "date": "2024-12-27", "close": 23.9, "volume": 9164724, "typical_volume": 8196944.05, "trend": 25.716667, "fair_value": 22.541706, "relative_strength": -21.210111, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.547093, "energy": 53.227776, "activity_lines": [ 22.776667, 23.206364, 24.309524, 24.837634 ] }, { "date": "2025-01-03", "close": 22.299999, "volume": 1937217, "typical_volume": 8187553.8, "trend": 25.541667, "fair_value": 22.523449, "relative_strength": -24.57546, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.00307, "energy": 45.975141, "activity_lines": [ 22.596666, 22.945454, 24.058095, 24.617204 ] }, { "date": "2025-01-10", "close": 21.200001, "volume": 2787664, "typical_volume": 8231938.5, "trend": 25.275, "fair_value": 22.498454, "relative_strength": -27.837897, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.354773, "energy": 49.020323, "activity_lines": [ 22.11, 22.548182, 23.709048, 24.337097 ] }, { "date": "2025-01-17", "close": 20.85, "volume": 2123395, "typical_volume": 6874426.45, "trend": 25.013333, "fair_value": 22.475598, "relative_strength": -28.566074, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.633993, "energy": 50.357555, "activity_lines": [ 21.673333, 22.159091, 23.339048, 24.051613 ] }, { "date": "2025-01-24", "close": 20.85, "volume": 873809, "typical_volume": 5204794.15, "trend": 24.785, "fair_value": 22.439594, "relative_strength": -28.956071, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.863856, "energy": 66.618347, "activity_lines": [ 21.316667, 21.840909, 23.003571, 23.783011 ] }, { "date": "2025-02-07", "close": 21.25, "volume": 1705228, "typical_volume": 4883628.05, "trend": 24.533333, "fair_value": 22.403025, "relative_strength": -26.604867, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.834506, "energy": 63.771544, "activity_lines": [ 21.126667, 21.650909, 22.73619, 23.554946 ] }, { "date": "2025-02-14", "close": 21.5, "volume": 1661126, "typical_volume": 4376081.5, "trend": 24.28, "fair_value": 22.378075, "relative_strength": -23.824091, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.009863, "energy": 50.288773, "activity_lines": [ 21.196667, 21.548182, 22.514524, 23.359247 ] }, { "date": "2025-02-21", "close": 22.1, "volume": 1604189, "typical_volume": 4157198.1, "trend": 24.073333, "fair_value": 22.346329, "relative_strength": -22.34877, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.438048, "energy": 38.819672, "activity_lines": [ 21.52, 21.585455, 22.377619, 23.218602 ] }, { "date": "2025-02-28", "close": 21.549999, "volume": 821258, "typical_volume": 4105034.55, "trend": 23.921667, "fair_value": 22.319821, "relative_strength": -20.728926, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.659228, "energy": 29.903719, "activity_lines": [ 21.6, 21.551818, 22.209524, 23.055806 ] }, { "date": "2025-03-07", "close": 20.65, "volume": 1122906, "typical_volume": 3583322.75, "trend": 23.798333, "fair_value": 22.298187, "relative_strength": -21.19708, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.990292, "energy": 37.418259, "activity_lines": [ 21.333333, 21.363636, 21.973809, 22.844731 ] }, { "date": "2025-03-14", "close": 20.0, "volume": 2094947, "typical_volume": 2518876.35, "trend": 23.701666, "fair_value": 22.274264, "relative_strength": -20.729616, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.06021, "energy": 42.97147, "activity_lines": [ 20.863333, 21.07, 21.703333, 22.599677 ] }, { "date": "2025-03-21", "close": 20.0, "volume": 1152611, "typical_volume": 2287328.15, "trend": 23.575, "fair_value": 22.259106, "relative_strength": -20.782948, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.698729, "energy": 57.421245, "activity_lines": [ 20.476667, 20.847273, 21.467143, 22.36086 ] }, { "date": "2025-03-28", "close": 18.799999, "volume": 1844848, "typical_volume": 2240410.5, "trend": 23.408333, "fair_value": 22.23156, "relative_strength": -22.637947, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.127593, "energy": 74.217298, "activity_lines": [ 19.79, 20.448182, 21.144286, 22.052796 ] }, { "date": "2025-04-04", "close": 18.200001, "volume": 2193229, "typical_volume": 2192725.55, "trend": 23.078333, "fair_value": 22.199542, "relative_strength": -23.207093, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.863614, "energy": 85.803643, "activity_lines": [ 19.123333, 19.983636, 20.794524, 21.716774 ] }, { "date": "2025-04-11", "close": 14.7, "volume": 3901576, "typical_volume": 2228634.9, "trend": 22.663333, "fair_value": 22.144775, "relative_strength": -31.499895, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -95.419564, "energy": 96.374753, "activity_lines": [ 17.513333, 18.930909, 20.142619, 21.176236 ] }, { "date": "2025-04-18", "close": 15.0, "volume": 1566837, "typical_volume": 2199397.85, "trend": 22.301667, "fair_value": 22.095375, "relative_strength": -28.862754, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.840933, "energy": 95.392819, "activity_lines": [ 16.4, 18.044545, 19.563095, 20.681828 ] }, { "date": "2025-04-25", "close": 15.5, "volume": 1212719, "typical_volume": 2148772.1, "trend": 21.908333, "fair_value": 22.057318, "relative_strength": -27.501998, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.212915, "energy": 90.354516, "activity_lines": [ 15.786667, 17.362727, 19.071905, 20.243011 ] }, { "date": "2025-05-02", "close": 16.5, "volume": 831531, "typical_volume": 2118225.25, "trend": 21.573333, "fair_value": 22.026923, "relative_strength": -25.507986, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.10048, "energy": 87.062188, "activity_lines": [ 15.806667, 16.971818, 18.712619, 19.894086 ] }, { "date": "2025-05-09", "close": 16.15, "volume": 778056, "typical_volume": 2063570.95, "trend": 21.266667, "fair_value": 22.003988, "relative_strength": -26.814232, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.027759, "energy": 73.845227, "activity_lines": [ 15.863333, 16.619091, 18.354286, 19.544194 ] }, { "date": "2025-05-16", "close": 17.0, "volume": 1349613, "typical_volume": 2036374.15, "trend": 20.955, "fair_value": 21.983998, "relative_strength": -25.560479, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.967064, "energy": 56.547516, "activity_lines": [ 16.34, 16.519091, 18.105, 19.268925 ] }, { "date": "2025-05-23", "close": 16.75, "volume": 831192, "typical_volume": 1619697.55, "trend": 20.606667, "fair_value": 21.962719, "relative_strength": -25.376824, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.405944, "energy": 43.881029, "activity_lines": [ 16.58, 16.44, 17.852619, 18.997634 ] }, { "date": "2025-05-30", "close": 15.85, "volume": 728221, "typical_volume": 1559247.75, "trend": 20.275, "fair_value": 21.928471, "relative_strength": -27.757036, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.264623, "energy": 44.551981, "activity_lines": [ 16.403333, 16.256364, 17.548571, 18.690753 ] }, { "date": "2025-06-06", "close": 15.75, "volume": 753218, "typical_volume": 1457525.45, "trend": 19.961667, "fair_value": 21.892955, "relative_strength": -28.390508, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -53.03252, "energy": 42.180277, "activity_lines": [ 16.17, 16.13, 17.265714, 18.398817 ] }, { "date": "2025-06-13", "close": 15.3, "volume": 934408, "typical_volume": 1398076.1, "trend": 19.646667, "fair_value": 21.84986, "relative_strength": -30.994521, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.882226, "energy": 51.751841, "activity_lines": [ 15.836667, 15.977273, 16.965952, 18.098064 ] }, { "date": "2025-06-20", "close": 14.9, "volume": 783421, "typical_volume": 1393556.7, "trend": 19.346667, "fair_value": 21.806079, "relative_strength": -31.905244, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.657887, "energy": 54.680238, "activity_lines": [ 15.426667, 15.804545, 16.654524, 17.791828 ] }, { "date": "2025-06-27", "close": 15.4, "volume": 805768, "typical_volume": 1348583.7, "trend": 19.075, "fair_value": 21.778963, "relative_strength": -30.542523, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.945865, "energy": 50.368296, "activity_lines": [ 15.323333, 15.719091, 16.419048, 17.537204 ] }, { "date": "2025-07-04", "close": 14.55, "volume": 922126, "typical_volume": 1311633.7, "trend": 18.786667, "fair_value": 21.747963, "relative_strength": -33.556106, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.499795, "energy": 57.728991, "activity_lines": [ 15.026667, 15.471818, 16.130476, 17.245269 ] }, { "date": "2025-07-11", "close": 14.2, "volume": 616318, "typical_volume": 1262240.15, "trend": 18.47, "fair_value": 21.728805, "relative_strength": -34.963858, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.213947, "energy": 77.891484, "activity_lines": [ 14.7, 15.178182, 15.841667, 16.949355 ] }, { "date": "2025-07-18", "close": 14.3, "volume": 590303, "typical_volume": 1250692.4, "trend": 18.211667, "fair_value": 21.703715, "relative_strength": -35.494091, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.490947, "energy": 74.725566, "activity_lines": [ 14.51, 14.944545, 15.6, 16.680323 ] }, { "date": "2025-07-25", "close": 14.05, "volume": 888136, "typical_volume": 1238953.9, "trend": 17.968333, "fair_value": 21.674206, "relative_strength": -35.741803, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.462049, "energy": 79.688865, "activity_lines": [ 14.303333, 14.699091, 15.369048, 16.411828 ] }, { "date": "2025-08-01", "close": 14.3, "volume": 1037303, "typical_volume": 1186071.7, "trend": 17.648333, "fair_value": 21.639725, "relative_strength": -34.021283, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.94505, "energy": 73.129383, "activity_lines": [ 14.236667, 14.552727, 15.193333, 16.175161 ] }, { "date": "2025-08-08", "close": 15.0, "volume": 4003698, "typical_volume": 1328626.05, "trend": 17.405, "fair_value": 21.610045, "relative_strength": -31.771843, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.353921, "energy": 48.603719, "activity_lines": [ 14.476667, 14.578182, 15.111429, 16.004301 ] }, { "date": "2025-08-15", "close": 15.2, "volume": 1738875, "typical_volume": 1323327.4, "trend": 17.205, "fair_value": 21.585403, "relative_strength": -31.112225, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.215172, "energy": 36.493042, "activity_lines": [ 14.753333, 14.655455, 15.072381, 15.862043 ] }, { "date": "2025-08-22", "close": 15.05, "volume": 2201782, "typical_volume": 1323755.05, "trend": 17.011667, "fair_value": 21.557608, "relative_strength": -29.51076, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.6333, "energy": 25.438346, "activity_lines": [ 14.913333, 14.715455, 15.03619, 15.723011 ] }, { "date": "2025-08-29", "close": 17.1, "volume": 3820337, "typical_volume": 1319693.1, "trend": 16.886667, "fair_value": 21.538572, "relative_strength": -20.833699, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 0.309014, "energy": 15.261025, "activity_lines": [ 15.706667, 15.152727, 15.210238, 15.72871 ] }, { "date": "2025-09-05", "close": 15.85, "volume": 6955878, "typical_volume": 1589145.15, "trend": 16.706667, "fair_value": 21.512462, "relative_strength": -26.428137, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.657425, "energy": 19.852578, "activity_lines": [ 15.88, 15.322727, 15.25381, 15.661828 ] }, { "date": "2025-09-12", "close": 15.05, "volume": 2691235, "typical_volume": 1663070.95, "trend": 16.491667, "fair_value": 21.486546, "relative_strength": -31.821673, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.22404, "energy": 17.771154, "activity_lines": [ 15.683333, 15.339091, 15.217143, 15.554946 ] }, { "date": "2025-09-19", "close": 15.85, "volume": 2529541, "typical_volume": 1747971.45, "trend": 16.283333, "fair_value": 21.467949, "relative_strength": -27.575297, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.609339, "energy": 15.523979, "activity_lines": [ 15.75, 15.491818, 15.25881, 15.513548 ] }, { "date": "2025-09-26", "close": 15.15, "volume": 1937700, "typical_volume": 1805953.65, "trend": 16.07, "fair_value": 21.444872, "relative_strength": -29.76931, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.429605, "energy": 8.916414, "activity_lines": [ 15.54, 15.487273, 15.236905, 15.44043 ] }, { "date": "2025-10-03", "close": 15.3, "volume": 1503327, "typical_volume": 1813639.35, "trend": 15.891667, "fair_value": 21.428205, "relative_strength": -31.276195, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.057011, "energy": 15.243434, "activity_lines": [ 15.373333, 15.494545, 15.234048, 15.390753 ] }, { "date": "2025-10-10", "close": 15.75, "volume": 1470522, "typical_volume": 1845605.85, "trend": 15.75, "fair_value": 21.422115, "relative_strength": -29.74737, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.800271, "energy": 9.873807, "activity_lines": [ 15.476667, 15.560909, 15.282143, 15.381613 ] }, { "date": "2025-10-17", "close": 15.4, "volume": 1353611, "typical_volume": 1876875.35, "trend": 15.596667, "fair_value": 21.410897, "relative_strength": -30.353012, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.508387, "energy": 12.718408, "activity_lines": [ 15.47, 15.537273, 15.301667, 15.359032 ] }, { "date": "2025-10-24", "close": 15.7, "volume": 2220137, "typical_volume": 1950221.3, "trend": 15.493333, "fair_value": 21.408013, "relative_strength": -28.592394, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -0.586542, "energy": 2.363985, "activity_lines": [ 15.54, 15.560909, 15.351905, 15.365699 ] }, { "date": "2025-10-31", "close": 15.2, "volume": 3194903, "typical_volume": 2063246.05, "trend": 15.393333, "fair_value": 21.403205, "relative_strength": -31.650598, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -0.663357, "energy": 1.974041, "activity_lines": [ 15.453333, 15.484545, 15.354762, 15.346774 ] }, { "date": "2025-11-07", "close": 14.4, "volume": 1973052, "typical_volume": 2122727.6, "trend": 15.383333, "fair_value": 21.392308, "relative_strength": -32.930101, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.111766, "energy": 24.105534, "activity_lines": [ 15.096667, 15.26, 15.281905, 15.282688 ] }, { "date": "2025-11-14", "close": 14.3, "volume": 1894333, "typical_volume": 2177155.85, "trend": 15.36, "fair_value": 21.375961, "relative_strength": -31.88646, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.097058, "energy": 37.117295, "activity_lines": [ 14.766667, 15.066364, 15.201905, 15.212796 ] }, { "date": "2025-11-21", "close": 13.05, "volume": 1911484, "typical_volume": 2226623.75, "trend": 15.278333, "fair_value": 21.351282, "relative_strength": -34.663394, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -72.716334, "energy": 63.821332, "activity_lines": [ 14.116667, 14.673636, 15.008095, 15.063763 ] }, { "date": "2025-11-28", "close": 14.05, "volume": 1234274, "typical_volume": 2257521.55, "trend": 15.196667, "fair_value": 21.332692, "relative_strength": -31.788569, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.991641, "energy": 62.387211, "activity_lines": [ 13.956667, 14.499091, 14.916667, 14.984516 ] }, { "date": "2025-12-05", "close": 14.1, "volume": 1100231, "typical_volume": 2283017.95, "trend": 15.128333, "fair_value": 21.314744, "relative_strength": -31.461442, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.745734, "energy": 63.039821, "activity_lines": [ 13.923333, 14.366364, 14.830714, 14.913763 ] }, { "date": "2025-12-12", "close": 14.35, "volume": 896926, "typical_volume": 2283457.45, "trend": 15.04, "fair_value": 21.291346, "relative_strength": -29.842043, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.921864, "energy": 54.591429, "activity_lines": [ 14.046667, 14.298182, 14.769524, 14.863548 ] }, { "date": "2025-12-19", "close": 14.35, "volume": 1506903, "typical_volume": 2306937.45, "trend": 14.96, "fair_value": 21.270192, "relative_strength": -27.728725, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.403424, "energy": 29.968488, "activity_lines": [ 14.173333, 14.247273, 14.706905, 14.819032 ] }, { "date": "2025-12-26", "close": 14.25, "volume": 740238, "typical_volume": 2143764.45, "trend": 14.906667, "fair_value": 21.249359, "relative_strength": -29.543478, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.853745, "energy": 22.098341, "activity_lines": [ 14.263333, 14.203636, 14.634524, 14.773226 ] }, { "date": "2026-01-02", "close": 14.35, "volume": 1679346, "typical_volume": 2140788.0, "trend": 14.86, "fair_value": 21.229167, "relative_strength": -29.944832, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.788893, "energy": 18.85562, "activity_lines": [ 14.306667, 14.199091, 14.575238, 14.737312 ] }, { "date": "2026-01-09", "close": 15.15, "volume": 9000469, "typical_volume": 2480722.35, "trend": 14.855, "fair_value": 21.216987, "relative_strength": -27.385643, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.396036, "energy": 12.120644, "activity_lines": [ 14.596667, 14.364545, 14.59619, 14.756022 ] }, { "date": "2026-01-16", "close": 15.35, "volume": 3134831, "typical_volume": 2446447.05, "trend": 14.87, "fair_value": 21.204487, "relative_strength": -28.18269, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.384074, "energy": 10.739541, "activity_lines": [ 14.883333, 14.567273, 14.635714, 14.787957 ] }, { "date": "2026-01-23", "close": 15.25, "volume": 3503196, "typical_volume": 2273812.95, "trend": 14.865, "fair_value": 21.193269, "relative_strength": -29.035146, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.70983, "energy": 17.300435, "activity_lines": [ 15.07, 14.734545, 14.674048, 14.812473 ] }, { "date": "2026-01-30", "close": 16.6, "volume": 18357480, "typical_volume": 3057125.2, "trend": 14.933333, "fair_value": 21.190385, "relative_strength": -22.178975, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 36.477868, "energy": 38.158004, "activity_lines": [ 15.646667, 15.13, 14.84381, 14.924409 ] }, { "date": "2026-02-06", "close": 16.1, "volume": 16987168, "typical_volume": 3780006.55, "trend": 14.996667, "fair_value": 21.175641, "relative_strength": -22.968656, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 35.100506, "energy": 48.196855, "activity_lines": [ 15.9, 15.37, 14.958571, 14.999677 ] }, { "date": "2026-02-13", "close": 15.45, "volume": 3158394, "typical_volume": 3841041.25, "trend": 15.035, "fair_value": 21.158654, "relative_strength": -29.116213, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.485429, "energy": 38.105051, "activity_lines": [ 15.82, 15.454545, 15.010238, 15.028925 ] }, { "date": "2026-02-27", "close": 15.6, "volume": 3864422, "typical_volume": 3959096.0, "trend": 15.086667, "fair_value": 21.140705, "relative_strength": -31.080579, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.367573, "energy": 34.15645, "activity_lines": [ 15.77, 15.541818, 15.074762, 15.065376 ] }, { "date": "2026-03-06", "close": 15.35, "volume": 3605491, "typical_volume": 4065844.45, "trend": 15.121667, "fair_value": 21.117308, "relative_strength": -27.47901, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 21.366923, "energy": 15.606202, "activity_lines": [ 15.62, 15.560909, 15.114048, 15.082366 ] }, { "date": "2026-03-13", "close": 19.4, "volume": 18276774, "typical_volume": 4912002.6, "trend": 15.268333, "fair_value": 21.120513, "relative_strength": -6.848768, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 80.382682, "energy": 51.472501, "activity_lines": [ 16.813333, 16.298182, 15.540952, 15.358387 ] }, { "date": "2026-03-20", "close": 24.0, "volume": 33458624, "typical_volume": 6473926.95, "trend": 15.561667, "fair_value": 21.148077, "relative_strength": 15.439469, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.218523, "energy": 84.813726, "activity_lines": [ 19.353333, 17.778182, 16.386905, 15.92172 ] }, { "date": "2026-03-27", "close": 20.9, "volume": 7046597, "typical_volume": 6666511.65, "trend": 15.756667, "fair_value": 21.158333, "relative_strength": 2.696191, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.838909, "energy": 80.485336, "activity_lines": [ 20.333333, 18.519091, 16.898095, 16.266129 ] }, { "date": "2026-04-03", "close": 20.299999, "volume": 8189264, "typical_volume": 6977322.25, "trend": 15.863333, "fair_value": 21.151923, "relative_strength": 2.192004, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.537055, "energy": 79.284064, "activity_lines": [ 20.75, 19.046363, 17.325, 16.559247 ] }, { "date": "2026-04-10", "close": 22.049999, "volume": 16628680, "typical_volume": 7714039.6, "trend": 16.07, "fair_value": 21.160897, "relative_strength": 2.836207, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.416012, "energy": 78.064118, "activity_lines": [ 21.436666, 19.801818, 17.890476, 16.958387 ] }, { "date": "2026-04-17", "close": 27.200001, "volume": 53176301, "typical_volume": 10277280.45, "trend": 16.475, "fair_value": 21.204487, "relative_strength": 22.128837, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.855654, "energy": 80.69772, "activity_lines": [ 23.393333, 21.37, 18.909524, 17.676452 ] }, { "date": "2026-04-24", "close": 23.6, "volume": 43854157, "typical_volume": 12408274.6, "trend": 16.733333, "fair_value": 21.222436, "relative_strength": 0.707813, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.98137, "energy": 54.600427, "activity_lines": [ 23.63, 22.090909, 19.518333, 18.136129 ] }, { "date": "2026-05-01", "close": 26.549999, "volume": 28012656, "typical_volume": 13753895.85, "trend": 17.113333, "fair_value": 21.26891, "relative_strength": 13.668653, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.650175, "energy": 59.534155, "activity_lines": [ 24.876666, 23.211818, 20.362619, 18.769462 ] }, { "date": "2026-05-08", "close": 25.85, "volume": 47444560, "typical_volume": 16081277.55, "trend": 17.465, "fair_value": 21.313141, "relative_strength": 4.125096, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.643469, "energy": 57.087159, "activity_lines": [ 25.513333, 24.003636, 21.080952, 19.333118 ] }, { "date": "2026-05-15", "close": 23.85, "volume": 12142631, "typical_volume": 16613063.95, "trend": 17.735, "fair_value": 21.343269, "relative_strength": -2.316714, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.768713, "energy": 48.45274, "activity_lines": [ 25.113333, 24.245454, 21.554047, 19.745054 ] }, { "date": "2026-05-22", "close": 26.15, "volume": 11422438, "typical_volume": 17147173.95, "trend": 18.093333, "fair_value": 21.392949, "relative_strength": 4.870017, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.572554, "energy": 48.051885, "activity_lines": [ 25.36, 24.750909, 22.200952, 20.287957 ] }, { "date": "2026-05-29", "close": 23.799999, "volume": 13008626, "typical_volume": 17713637.95, "trend": 18.363333, "fair_value": 21.425, "relative_strength": -9.097965, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.812551, "energy": 37.081135, "activity_lines": [ 24.893333, 24.706363, 22.567381, 20.656129 ] }, { "date": "2026-06-05", "close": 23.4, "volume": 9805806, "typical_volume": 17753904.8, "trend": 18.636667, "fair_value": 21.453205, "relative_strength": -10.640348, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.09062, "energy": 26.703304, "activity_lines": [ 24.28, 24.592727, 22.850714, 20.981075 ] }, { "date": "2026-06-12", "close": 21.15, "volume": 6561440, "typical_volume": 17925235.25, "trend": 18.861667, "fair_value": 21.463782, "relative_strength": -16.900497, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.305827, "energy": 19.601885, "activity_lines": [ 23.126666, 24.024545, 22.880476, 21.143226 ] }, { "date": "2026-06-19", "close": 21.450001, "volume": 3728146, "typical_volume": 17936482.75, "trend": 19.1, "fair_value": 21.475641, "relative_strength": -19.262704, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.836839, "energy": 20.481408, "activity_lines": [ 22.386667, 23.495455, 22.91119, 21.310215 ] }, { "date": "2026-06-26", "close": 21.049999, "volume": 11679320, "typical_volume": 17602574.75, "trend": 19.366667, "fair_value": 21.4875, "relative_strength": -16.832993, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.481905, "energy": 18.625582, "activity_lines": [ 21.673333, 22.904545, 22.874286, 21.436021 ] }, { "date": "2026-07-03", "close": 21.65, "volume": 4240232, "typical_volume": 16965227.95, "trend": 19.62, "fair_value": 21.503526, "relative_strength": -17.89173, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.717393, "energy": 15.521178, "activity_lines": [ 21.5, 22.534545, 22.873333, 21.583333 ] }, { "date": "2026-07-10", "close": 20.75, "volume": 0, "typical_volume": 16807308.25, "trend": 19.841667, "fair_value": 21.516346, "relative_strength": -18.307287, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.653101, "energy": 13.586588, "activity_lines": [ 21.17, 22.036364, 22.760238, 21.656236 ] }, { "date": "2026-07-17", "close": 17.9, "volume": 1126025, "typical_volume": 16670388.4, "trend": 19.96, "fair_value": 21.510897, "relative_strength": -24.566019, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -12.867758, "energy": 26.886529, "activity_lines": [ 20.066667, 21.125454, 22.350476, 21.530968 ] }, { "date": "2026-07-24", "close": 17.75, "volume": 2579205, "typical_volume": 16619074.1, "trend": 20.073333, "fair_value": 21.507372, "relative_strength": -26.361557, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -33.725261, "energy": 52.51954, "activity_lines": [ 19.13, 20.331818, 21.915476, 21.388387 ] }, { "date": "2026-07-31", "close": 16.75, "volume": 3101574, "typical_volume": 15860314.1, "trend": 20.156667, "fair_value": 21.499038, "relative_strength": -29.122343, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.57552, "energy": 63.018163, "activity_lines": [ 18.106667, 19.467273, 21.373809, 21.173978 ] }, { "date": "2026-08-07", "close": 17.4, "volume": 2116654, "typical_volume": 14293215.6, "trend": 20.258333, "fair_value": 21.494551, "relative_strength": -27.663191, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.638017, "energy": 65.457341, "activity_lines": [ 17.586667, 18.891818, 20.906667, 20.996129 ] }, { "date": "2026-08-14", "close": 17.5, "volume": 1828711, "typical_volume": 14032321.3, "trend": 20.336667, "fair_value": 21.493269, "relative_strength": -29.157488, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.744606, "energy": 64.431159, "activity_lines": [ 17.383333, 18.450909, 20.480476, 20.818172 ] }, { "date": "2026-08-21", "close": 17.6, "volume": 1777249, "typical_volume": 13711720.55, "trend": 20.411667, "fair_value": 21.495833, "relative_strength": -27.217168, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.912941, "energy": 60.155479, "activity_lines": [ 17.43, 18.135455, 20.08, 20.641613 ] } ], "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." } } }