{ "ticker": { "uuid": "89be6f71-b85c-45f9-b7cb-b4ac65e45336", "symbol": "603836", "name": "Bondex Supply Chain Management Co., Ltd.", "exchange": "SHH", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "000001.SS", "stage": 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": -36.584, "architecture_energy": 20.817, "architecture_maturity": 81.351, "architecture_confidence": 77.306, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 39.98, "rotation_up": 24.97, "upward_expansion": 14.07, "deceleration": 46.72, "rotation_down": 28.14, "downward_expansion": 59.4 }, "activity_lines": [ 8.462, 8.35222, 8.62335, 8.86094 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 8.75, "trend_reference": 9.193917, "distance_from_trend": -0.048284, "trend_direction": "Weakening", "fair_value": 9.288948, "distance_from_fair_value": -0.05802, "fair_value_direction": "Weakening", "relative_strength": -7.332066, "relative_strength_direction": "Weakening", "price_momentum": -0.11702, "excess_performance": -0.073816, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.048284, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.061443, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.05802, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.114652, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.073321, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.00779, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.11702, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.457906, "read": "Supply-led" } ], "volume": { "latest": 14653571, "relative_activity": 0.865265, "balance": 0.457906, "dry_up": 1.32449, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.088933, "annualized_volatility": 0.291024, "from_high_reference": -0.243616, "from_low_reference": 0.152833 }, "levels": { "trend_reference": 9.193917, "fair_value_reference": 9.288948, "structural_low": 7.59, "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": 15, "median_return": 0.007395, "positive_rate": 0.533333, "directional_follow_through": 0.466667, "median_excess_return": 0.01828, "regime_survival": 0.733333, "best_return": 0.153419, "worst_return": -0.110489, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.014753, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.005858, "regime_survival": 0.333333, "best_return": 0.211645, "worst_return": -0.034489, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.031063, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.017174, "regime_survival": 0.25, "best_return": 0.176525, "worst_return": -0.078874, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.010197, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.027857, "regime_survival": 0.0, "best_return": 0.041051, "worst_return": -0.061445, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-24", "end": "2024-06-07", "tenure": "New", "return": 0.287411, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-06-14", "end": "2024-07-05", "tenure": "New", "return": -0.129296, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-07-12", "end": "2024-08-02", "tenure": "New", "return": -0.021242, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-08-09", "end": "2024-09-13", "tenure": "Developing", "return": -0.07646, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-20", "end": "2024-09-27", "tenure": "New", "return": 0.169131, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-04", "end": "2025-01-31", "tenure": "Established", "return": -0.068708, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-07", "end": "2025-04-04", "tenure": "Developing", "return": 0.124595, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-04-11", "end": "2025-06-13", "tenure": "Developing", "return": -0.103634, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-20", "end": "2025-07-18", "tenure": "Developing", "return": 0.056728, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-25", "end": "2025-10-03", "tenure": "Developing", "return": -0.032904, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-10", "end": "2025-10-24", "tenure": "New", "return": 0.09765, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-31", "end": "2025-12-12", "tenure": "Developing", "return": -0.059392, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-19", "end": "2026-03-27", "tenure": "Established", "return": -0.068149, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-03", "end": "2026-08-07", "tenure": "Established", "return": 0.011763, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 10.412771, "volume": 4296925, "typical_volume": 8798405.05, "trend": 10.54964, "fair_value": 12.334112, "relative_strength": -6.120582, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.384832, "energy": 18.66116, "activity_lines": [ 10.236337, 10.141066, 10.229243, 10.393569 ] }, { "date": "2023-08-04", "close": 10.249754, "volume": 5854571, "typical_volume": 7772798.55, "trend": 10.541286, "fair_value": 12.315502, "relative_strength": -7.683261, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.989644, "energy": 17.83315, "activity_lines": [ 10.256461, 10.164322, 10.214815, 10.374221 ] }, { "date": "2023-08-11", "close": 9.991642, "volume": 4673004, "typical_volume": 7181932.75, "trend": 10.522355, "fair_value": 12.294937, "relative_strength": -6.954636, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.792258, "energy": 19.474955, "activity_lines": [ 10.181377, 10.142694, 10.177908, 10.33876 ] }, { "date": "2023-08-18", "close": 10.344847, "volume": 6073777, "typical_volume": 6671672.55, "trend": 10.522215, "fair_value": 12.277831, "relative_strength": -1.797914, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.802879, "energy": 10.831554, "activity_lines": [ 10.231188, 10.187118, 10.179223, 10.327308 ] }, { "date": "2023-08-25", "close": 9.516172, "volume": 19157524, "typical_volume": 7249847.55, "trend": 10.481294, "fair_value": 12.253816, "relative_strength": -7.428164, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.546753, "energy": 36.60502, "activity_lines": [ 9.98983, 10.075567, 10.10596, 10.262402 ] }, { "date": "2023-09-01", "close": 9.910132, "volume": 13994269, "typical_volume": 6609257.85, "trend": 10.44868, "fair_value": 12.233612, "relative_strength": -5.452141, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.638322, "energy": 34.46691, "activity_lines": [ 9.925528, 10.045286, 10.078727, 10.225553 ] }, { "date": "2023-09-08", "close": 9.87617, "volume": 6224680, "typical_volume": 6114067.45, "trend": 10.412522, "fair_value": 12.213463, "relative_strength": -5.016315, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.13806, "energy": 36.567643, "activity_lines": [ 9.883415, 10.005327, 10.055455, 10.188617 ] }, { "date": "2023-09-15", "close": 10.249754, "volume": 11171860, "typical_volume": 6164284.65, "trend": 10.39101, "fair_value": 12.196821, "relative_strength": -1.183081, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.189749, "energy": 26.732629, "activity_lines": [ 9.990736, 10.037583, 10.070077, 10.178116 ] }, { "date": "2023-09-22", "close": 9.747115, "volume": 26166884, "typical_volume": 7280346.7, "trend": 10.349672, "fair_value": 12.176236, "relative_strength": -5.956409, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.643301, "energy": 25.988783, "activity_lines": [ 9.913302, 9.97571, 10.036425, 10.136574 ] }, { "date": "2023-09-29", "close": 10.616544, "volume": 32031205, "typical_volume": 8579996.15, "trend": 10.330518, "fair_value": 12.163238, "relative_strength": 3.320862, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.722092, "energy": 8.283775, "activity_lines": [ 10.165528, 10.078708, 10.087189, 10.153792 ] }, { "date": "2023-10-13", "close": 10.759185, "volume": 76991573, "typical_volume": 12198184.65, "trend": 10.309538, "fair_value": 12.151634, "relative_strength": 5.590188, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.16524, "energy": 16.972551, "activity_lines": [ 10.391942, 10.200107, 10.149417, 10.181448 ] }, { "date": "2023-10-20", "close": 9.991642, "volume": 58005062, "typical_volume": 14851384.45, "trend": 10.286221, "fair_value": 12.13393, "relative_strength": 1.606065, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -0.039945, "energy": 6.037596, "activity_lines": [ 10.305904, 10.175654, 10.136813, 10.160938 ] }, { "date": "2023-10-27", "close": 10.23617, "volume": 21826973, "typical_volume": 15701856.1, "trend": 10.262282, "fair_value": 12.118501, "relative_strength": 3.002045, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.207037, "energy": 9.80412, "activity_lines": [ 10.293678, 10.200354, 10.149262, 10.157709 ] }, { "date": "2023-11-03", "close": 10.670884, "volume": 36836325, "typical_volume": 17339856.35, "trend": 10.242746, "fair_value": 12.106826, "relative_strength": 7.111302, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.967757, "energy": 20.168032, "activity_lines": [ 10.427263, 10.299647, 10.202427, 10.184071 ] }, { "date": "2023-11-10", "close": 10.752392, "volume": 24716593, "typical_volume": 18364684.35, "trend": 10.224391, "fair_value": 12.095991, "relative_strength": 7.728625, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.679686, "energy": 15.322755, "activity_lines": [ 10.526432, 10.407832, 10.260413, 10.216951 ] }, { "date": "2023-11-17", "close": 10.704845, "volume": 19652732, "typical_volume": 19202203.95, "trend": 10.200504, "fair_value": 12.08495, "relative_strength": 6.622091, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 50.536715, "energy": 34.621715, "activity_lines": [ 10.600695, 10.484895, 10.310509, 10.247948 ] }, { "date": "2023-11-24", "close": 10.636921, "volume": 16262929, "typical_volume": 19759434.35, "trend": 10.209661, "fair_value": 12.073548, "relative_strength": 6.346869, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 47.617675, "energy": 37.586223, "activity_lines": [ 10.65594, 10.535159, 10.349434, 10.276104 ] }, { "date": "2023-12-01", "close": 10.827109, "volume": 10954552, "typical_volume": 20120885.8, "trend": 10.231737, "fair_value": 12.06381, "relative_strength": 8.472208, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 53.979141, "energy": 40.389304, "activity_lines": [ 10.731562, 10.60617, 10.403974, 10.315939 ] }, { "date": "2023-12-08", "close": 10.175037, "volume": 14971760, "typical_volume": 20669486.6, "trend": 10.234709, "fair_value": 12.049169, "relative_strength": 4.046685, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 41.856404, "energy": 20.644114, "activity_lines": [ 10.550431, 10.548126, 10.392944, 10.312281 ] }, { "date": "2023-12-15", "close": 11.288993, "volume": 88353585, "typical_volume": 24910839.15, "trend": 10.271961, "fair_value": 12.043321, "relative_strength": 16.210614, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 59.603628, "energy": 30.975401, "activity_lines": [ 10.773675, 10.684839, 10.487747, 10.3803 ] }, { "date": "2023-12-22", "close": 12.097291, "volume": 120183485, "typical_volume": 30705167.15, "trend": 10.328701, "fair_value": 12.043733, "relative_strength": 25.208021, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 69.224833, "energy": 50.26447, "activity_lines": [ 11.230578, 10.956288, 10.654355, 10.498063 ] }, { "date": "2023-12-29", "close": 12.042951, "volume": 121316228, "typical_volume": 36478250.0, "trend": 10.384726, "fair_value": 12.043727, "relative_strength": 21.736023, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.880598, "energy": 54.041795, "activity_lines": [ 11.576539, 11.193529, 10.807767, 10.60866 ] }, { "date": "2024-01-05", "close": 11.153145, "volume": 60035653, "typical_volume": 39246382.45, "trend": 10.420082, "fair_value": 12.037031, "relative_strength": 14.2232, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.764419, "energy": 54.18476, "activity_lines": [ 11.532162, 11.23169, 10.867896, 10.658235 ] }, { "date": "2024-01-12", "close": 10.46032, "volume": 41496387, "typical_volume": 41017512.95, "trend": 10.43366, "fair_value": 12.025265, "relative_strength": 8.737709, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.731176, "energy": 32.129966, "activity_lines": [ 11.235107, 11.12721, 10.856511, 10.660831 ] }, { "date": "2024-01-19", "close": 9.570513, "volume": 21459828, "typical_volume": 41132628.15, "trend": 10.417796, "fair_value": 12.007081, "relative_strength": 1.213273, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 9.002827, "energy": 8.377756, "activity_lines": [ 10.622432, 10.864776, 10.759832, 10.605144 ] }, { "date": "2024-01-26", "close": 9.713153, "volume": 22636447, "typical_volume": 41564737.05, "trend": 10.417653, "fair_value": 11.990214, "relative_strength": -0.086252, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.575171, "energy": 23.083374, "activity_lines": [ 10.171868, 10.649766, 10.676479, 10.559683 ] }, { "date": "2024-02-02", "close": 7.818069, "volume": 18542020, "typical_volume": 42180604.05, "trend": 10.341182, "fair_value": 11.959761, "relative_strength": -14.064365, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -43.804864, "energy": 50.87701, "activity_lines": [ 9.248552, 10.108225, 10.41358, 10.391968 ] }, { "date": "2024-02-09", "close": 7.206752, "volume": 19812523, "typical_volume": 42612637.2, "trend": 10.244773, "fair_value": 11.925318, "relative_strength": -24.176542, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -83.072728, "energy": 81.448248, "activity_lines": [ 8.403123, 9.506787, 10.102261, 10.189747 ] }, { "date": "2024-02-23", "close": 8.10335, "volume": 16549787, "typical_volume": 42131782.35, "trend": 10.177528, "fair_value": 11.897822, "relative_strength": -18.371791, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.429693, "energy": 76.677637, "activity_lines": [ 8.119652, 9.134192, 9.890823, 10.051591 ] }, { "date": "2024-03-01", "close": 8.035426, "volume": 24105226, "typical_volume": 41735483.4, "trend": 10.105302, "fair_value": 11.870234, "relative_strength": -19.307577, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.746597, "energy": 74.955652, "activity_lines": [ 7.970672, 8.786915, 9.680743, 9.91339 ] }, { "date": "2024-03-08", "close": 7.852031, "volume": 12705840, "typical_volume": 38521196.75, "trend": 10.019944, "fair_value": 11.841736, "relative_strength": -21.279767, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.981123, "energy": 66.960085, "activity_lines": [ 7.862899, 8.465448, 9.465489, 9.768018 ] }, { "date": "2024-03-15", "close": 8.232406, "volume": 14294980, "typical_volume": 36335692.65, "trend": 9.952699, "fair_value": 11.816318, "relative_strength": -17.375369, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.821737, "energy": 45.277174, "activity_lines": [ 8.005992, 8.290327, 9.300303, 9.652693 ] }, { "date": "2024-03-22", "close": 8.456555, "volume": 11552270, "typical_volume": 35821957.5, "trend": 9.901529, "fair_value": 11.792823, "relative_strength": -14.563391, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.940562, "energy": 40.623895, "activity_lines": [ 8.19618, 8.225243, 9.164843, 9.556168 ] }, { "date": "2024-03-29", "close": 8.361464, "volume": 10547055, "typical_volume": 34507494.0, "trend": 9.835416, "fair_value": 11.768994, "relative_strength": -15.061926, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.292903, "energy": 34.381495, "activity_lines": [ 8.27135, 8.191899, 9.028801, 9.456809 ] }, { "date": "2024-04-05", "close": 9.033912, "volume": 15108924, "typical_volume": 34027110.55, "trend": 9.819341, "fair_value": 11.750132, "relative_strength": -8.849423, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.695479, "energy": 25.419393, "activity_lines": [ 8.553462, 8.318979, 8.967799, 9.405099 ] }, { "date": "2024-04-12", "close": 8.646744, "volume": 22342755, "typical_volume": 34161611.7, "trend": 9.777228, "fair_value": 11.728876, "relative_strength": -11.011162, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.754502, "energy": 22.142973, "activity_lines": [ 8.639952, 8.385421, 8.878106, 9.329447 ] }, { "date": "2024-04-19", "close": 7.906371, "volume": 33293293, "typical_volume": 35013129.9, "trend": 9.711568, "fair_value": 11.702872, "relative_strength": -19.452792, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.436763, "energy": 28.655208, "activity_lines": [ 8.42667, 8.336639, 8.727703, 9.208747 ] }, { "date": "2024-04-26", "close": 8.395425, "volume": 40152961, "typical_volume": 36473050.35, "trend": 9.649757, "fair_value": 11.680525, "relative_strength": -14.757742, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.912909, "energy": 23.235609, "activity_lines": [ 8.398142, 8.375171, 8.636879, 9.123834 ] }, { "date": "2024-05-03", "close": 8.639953, "volume": 14430782, "typical_volume": 36446001.45, "trend": 9.612852, "fair_value": 11.660118, "relative_strength": -12.544533, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.622335, "energy": 24.5861, "activity_lines": [ 8.455199, 8.43655, 8.580922, 9.058686 ] }, { "date": "2024-05-10", "close": 8.904856, "volume": 35800240, "typical_volume": 33818334.2, "trend": 9.555795, "fair_value": 11.64175, "relative_strength": -11.157248, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.279935, "energy": 22.1019, "activity_lines": [ 8.58199, 8.536337, 8.557505, 9.013009 ] }, { "date": "2024-05-17", "close": 8.823347, "volume": 27974483, "typical_volume": 29207884.1, "trend": 9.491268, "fair_value": 11.623085, "relative_strength": -11.834659, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.262409, "energy": 13.261658, "activity_lines": [ 8.690216, 8.605496, 8.537677, 8.965754 ] }, { "date": "2024-05-24", "close": 8.578819, "volume": 19221720, "typical_volume": 24103158.7, "trend": 9.444173, "fair_value": 11.603057, "relative_strength": -12.293963, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.556484, "energy": 13.478399, "activity_lines": [ 8.705159, 8.612535, 8.510152, 8.906886 ] }, { "date": "2024-05-31", "close": 9.373532, "volume": 55136772, "typical_volume": 23858214.65, "trend": 9.415419, "fair_value": 11.588485, "relative_strength": -4.029984, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.28532, "energy": 10.610766, "activity_lines": [ 8.940176, 8.757769, 8.574809, 8.902329 ] }, { "date": "2024-06-07", "close": 11.044466, "volume": 67307886, "typical_volume": 25148789.6, "trend": 9.427872, "fair_value": 11.584952, "relative_strength": 14.121275, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 43.406562, "energy": 51.108216, "activity_lines": [ 9.666964, 9.190137, 8.807077, 9.007428 ] }, { "date": "2024-06-14", "close": 10.10032, "volume": 40362782, "typical_volume": 26093937.3, "trend": 9.406136, "fair_value": 11.575374, "relative_strength": 4.876203, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 26.060112, "energy": 48.818605, "activity_lines": [ 9.918736, 9.40206, 8.946645, 9.050812 ] }, { "date": "2024-06-21", "close": 9.448249, "volume": 23865075, "typical_volume": 26155368.7, "trend": 9.364249, "fair_value": 11.561738, "relative_strength": -0.790034, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.308459, "energy": 43.053932, "activity_lines": [ 9.873454, 9.476036, 9.021588, 9.053529 ] }, { "date": "2024-06-28", "close": 9.283734, "volume": 13288191, "typical_volume": 25892677.25, "trend": 9.319143, "fair_value": 11.502775, "relative_strength": -1.543232, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.387654, "energy": 38.64094, "activity_lines": [ 9.731673, 9.505527, 9.082125, 9.048335 ] }, { "date": "2024-07-05", "close": 8.794392, "volume": 11034870, "typical_volume": 25453794.6, "trend": 9.251386, "fair_value": 11.458597, "relative_strength": -6.14786, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 4.143908, "energy": 6.776901, "activity_lines": [ 9.379783, 9.421004, 9.089078, 9.01448 ] }, { "date": "2024-07-12", "close": 8.436, "volume": 12940467, "typical_volume": 25273328.6, "trend": 9.193418, "fair_value": 11.413293, "relative_strength": -10.446922, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.924908, "energy": 15.745402, "activity_lines": [ 8.947039, 9.264064, 9.054338, 8.961874 ] }, { "date": "2024-07-19", "close": 8.311941, "volume": 7586563, "typical_volume": 24447395.45, "trend": 9.094183, "fair_value": 11.374742, "relative_strength": -11.890821, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -37.318067, "energy": 30.488892, "activity_lines": [ 8.64684, 9.088277, 9.006199, 8.905005 ] }, { "date": "2024-07-26", "close": 8.174097, "volume": 6926920, "typical_volume": 24158449.45, "trend": 8.96341, "fair_value": 11.334984, "relative_strength": -10.449708, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.693815, "energy": 39.856138, "activity_lines": [ 8.419918, 8.898207, 8.943615, 8.845644 ] }, { "date": "2024-08-02", "close": 8.256803, "volume": 7448561, "typical_volume": 23816128.5, "trend": 8.837205, "fair_value": 11.303183, "relative_strength": -9.785161, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.213731, "energy": 43.903215, "activity_lines": [ 8.305508, 8.73498, 8.887374, 8.800057 ] }, { "date": "2024-08-09", "close": 8.02247, "volume": 7197821, "typical_volume": 23598406.05, "trend": 8.732849, "fair_value": 11.268388, "relative_strength": -10.819723, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.280421, "energy": 47.1385, "activity_lines": [ 8.181449, 8.535001, 8.8087, 8.747493 ] }, { "date": "2024-08-16", "close": 7.836381, "volume": 4672640, "typical_volume": 23304685.3, "trend": 8.645384, "fair_value": 11.236718, "relative_strength": -13.199606, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.345539, "energy": 46.849485, "activity_lines": [ 8.046822, 8.325752, 8.71437, 8.689657 ] }, { "date": "2024-08-23", "close": 7.464205, "volume": 4888240, "typical_volume": 22793651.1, "trend": 8.575174, "fair_value": 11.206659, "relative_strength": -16.330335, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.473848, "energy": 55.276341, "activity_lines": [ 7.828111, 8.107164, 8.587096, 8.613452 ] }, { "date": "2024-08-30", "close": 7.753676, "volume": 6506920, "typical_volume": 22001859.35, "trend": 8.509858, "fair_value": 11.180312, "relative_strength": -12.403965, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.221691, "energy": 55.429333, "activity_lines": [ 7.762406, 7.989137, 8.494864, 8.560452 ] }, { "date": "2024-09-06", "close": 7.636509, "volume": 6647900, "typical_volume": 20669589.7, "trend": 8.503806, "fair_value": 11.155475, "relative_strength": -11.155214, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.19535, "energy": 65.06957, "activity_lines": [ 7.685673, 7.880617, 8.395727, 8.504107 ] }, { "date": "2024-09-13", "close": 7.409068, "volume": 4899300, "typical_volume": 18906906.65, "trend": 8.51055, "fair_value": 11.125345, "relative_strength": -11.602601, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -75.45745, "energy": 82.308398, "activity_lines": [ 7.57448, 7.760693, 8.276213, 8.433478 ] }, { "date": "2024-09-20", "close": 7.457313, "volume": 2910740, "typical_volume": 18330904.55, "trend": 8.489016, "fair_value": 11.095968, "relative_strength": -11.848026, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.586159, "energy": 81.761782, "activity_lines": [ 7.520261, 7.674729, 8.165992, 8.365528 ] }, { "date": "2024-09-27", "close": 8.718578, "volume": 34807113, "typical_volume": 18281248.2, "trend": 8.511787, "fair_value": 11.072174, "relative_strength": -8.381242, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.6502, "energy": 29.525085, "activity_lines": [ 7.911736, 7.83588, 8.181522, 8.380338 ] }, { "date": "2024-10-04", "close": 9.228598, "volume": 12469721, "typical_volume": 17506010.1, "trend": 8.557673, "fair_value": 11.049792, "relative_strength": -10.064198, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -2.156076, "energy": 17.390491, "activity_lines": [ 8.389592, 8.082369, 8.246513, 8.426584 ] }, { "date": "2024-10-11", "close": 8.532491, "volume": 23077894, "typical_volume": 17698818.8, "trend": 8.567676, "fair_value": 11.021979, "relative_strength": -13.366563, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -19.986354, "energy": 28.242054, "activity_lines": [ 8.537085, 8.18312, 8.243278, 8.424959 ] }, { "date": "2024-10-18", "close": 8.60141, "volume": 16124347, "typical_volume": 15748197.55, "trend": 8.572504, "fair_value": 10.998564, "relative_strength": -13.379392, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 13.313501, "energy": 30.064651, "activity_lines": [ 8.647818, 8.291389, 8.246827, 8.427136 ] }, { "date": "2024-10-25", "close": 9.001157, "volume": 13884546, "typical_volume": 13077030.55, "trend": 8.593827, "fair_value": 10.977832, "relative_strength": -10.048225, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.777059, "energy": 35.559983, "activity_lines": [ 8.812311, 8.461814, 8.292125, 8.454791 ] }, { "date": "2024-11-01", "close": 8.594519, "volume": 13047718, "typical_volume": 11711277.35, "trend": 8.579181, "fair_value": 10.959176, "relative_strength": -12.962784, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 16.445115, "energy": 23.76166, "activity_lines": [ 8.738336, 8.537126, 8.308425, 8.454835 ] }, { "date": "2024-11-08", "close": 9.021833, "volume": 13118410, "typical_volume": 11173944.1, "trend": 8.591684, "fair_value": 10.941887, "relative_strength": -12.902836, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.846499, "energy": 31.16691, "activity_lines": [ 8.815068, 8.669581, 8.372592, 8.483393 ] }, { "date": "2024-11-15", "close": 8.897773, "volume": 12285416, "typical_volume": 11123805.35, "trend": 8.624731, "fair_value": 10.922471, "relative_strength": -10.467819, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.313854, "energy": 24.381772, "activity_lines": [ 8.864232, 8.756422, 8.426974, 8.503141 ] }, { "date": "2024-11-22", "close": 8.946019, "volume": 23418720, "typical_volume": 11742997.85, "trend": 8.643084, "fair_value": 10.905987, "relative_strength": -7.776179, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.383682, "energy": 20.578001, "activity_lines": [ 8.905125, 8.829103, 8.487789, 8.523869 ] }, { "date": "2024-11-29", "close": 9.449146, "volume": 27125902, "typical_volume": 12452269.6, "trend": 8.670057, "fair_value": 10.885948, "relative_strength": -3.915898, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 43.381175, "energy": 35.21688, "activity_lines": [ 9.090754, 8.965317, 8.595799, 8.575873 ] }, { "date": "2024-12-06", "close": 9.373332, "volume": 37126094, "typical_volume": 13929246.15, "trend": 8.685673, "fair_value": 10.853151, "relative_strength": -6.36202, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.137637, "energy": 35.5316, "activity_lines": [ 9.221245, 9.051531, 8.691764, 8.621246 ] }, { "date": "2024-12-13", "close": 9.676588, "volume": 19784581, "typical_volume": 14572129.2, "trend": 8.714114, "fair_value": 10.817171, "relative_strength": -2.619633, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 42.496886, "energy": 46.352233, "activity_lines": [ 9.400901, 9.180979, 8.811556, 8.685176 ] }, { "date": "2024-12-20", "close": 9.035617, "volume": 15256004, "typical_volume": 14962501.35, "trend": 8.729341, "fair_value": 10.775307, "relative_strength": -7.728457, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.270097, "energy": 34.685735, "activity_lines": [ 9.32325, 9.185741, 8.863149, 8.705918 ] }, { "date": "2024-12-27", "close": 8.677225, "volume": 10609643, "typical_volume": 15133092.45, "trend": 8.70613, "fair_value": 10.729449, "relative_strength": -11.286342, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.14913, "energy": 18.472308, "activity_lines": [ 9.116944, 9.116193, 8.8769, 8.702556 ] }, { "date": "2025-01-03", "close": 8.050038, "volume": 10870858, "typical_volume": 15443003.35, "trend": 8.606316, "fair_value": 10.676666, "relative_strength": -11.955009, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 11.07632, "energy": 11.395983, "activity_lines": [ 8.719497, 8.931232, 8.827802, 8.660227 ] }, { "date": "2025-01-10", "close": 7.919086, "volume": 8297125, "typical_volume": 15613447.6, "trend": 8.533608, "fair_value": 10.609479, "relative_strength": -11.431721, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -27.060825, "energy": 29.921927, "activity_lines": [ 8.371672, 8.739755, 8.765215, 8.61589 ] }, { "date": "2025-01-17", "close": 8.256803, "volume": 6690717, "typical_volume": 15622637.45, "trend": 8.493893, "fair_value": 10.54809, "relative_strength": -9.07171, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -16.986749, "energy": 29.842096, "activity_lines": [ 8.233369, 8.621962, 8.732624, 8.598032 ] }, { "date": "2025-01-24", "close": 8.684117, "volume": 19440164, "typical_volume": 16262250.65, "trend": 8.473906, "fair_value": 10.503771, "relative_strength": -4.217217, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -16.246617, "energy": 26.776802, "activity_lines": [ 8.332157, 8.595772, 8.738335, 8.610304 ] }, { "date": "2025-01-31", "close": 8.594519, "volume": 2066540, "typical_volume": 16120612.65, "trend": 8.467244, "fair_value": 10.452903, "relative_strength": -4.690311, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -13.039491, "energy": 21.953076, "activity_lines": [ 8.424512, 8.557176, 8.730524, 8.618086 ] }, { "date": "2025-02-07", "close": 8.518706, "volume": 8357847, "typical_volume": 16392968.0, "trend": 8.470001, "fair_value": 10.403769, "relative_strength": -6.864442, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.038349, "energy": 8.266242, "activity_lines": [ 8.49711, 8.511186, 8.709848, 8.621406 ] }, { "date": "2025-02-14", "close": 8.484244, "volume": 9108586, "typical_volume": 15108041.65, "trend": 8.475744, "fair_value": 10.349369, "relative_strength": -8.447597, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.200628, "energy": 12.046572, "activity_lines": [ 8.526976, 8.475848, 8.680835, 8.622325 ] }, { "date": "2025-02-21", "close": 8.436, "volume": 8294776, "typical_volume": 14899294.4, "trend": 8.484474, "fair_value": 10.298776, "relative_strength": -9.715193, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 2.069825, "energy": 4.511986, "activity_lines": [ 8.503083, 8.447904, 8.648343, 8.61976 ] }, { "date": "2025-02-28", "close": 8.325725, "volume": 12288776, "typical_volume": 14359838.5, "trend": 8.486772, "fair_value": 10.257972, "relative_strength": -9.240269, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.022961, "energy": 11.296384, "activity_lines": [ 8.430486, 8.422466, 8.609124, 8.609519 ] }, { "date": "2025-03-07", "close": 8.594519, "volume": 14248322, "typical_volume": 14266037.25, "trend": 8.50584, "fair_value": 10.21546, "relative_strength": -7.726027, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.557438, "energy": 8.320219, "activity_lines": [ 8.471379, 8.458806, 8.596488, 8.61647 ] }, { "date": "2025-03-14", "close": 8.95291, "volume": 17875060, "typical_volume": 14465562.95, "trend": 8.543057, "fair_value": 10.176456, "relative_strength": -5.149006, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.587864, "energy": 13.882278, "activity_lines": [ 8.631736, 8.561812, 8.618018, 8.645313 ] }, { "date": "2025-03-21", "close": 8.773716, "volume": 20837975, "typical_volume": 14855075.8, "trend": 8.586708, "fair_value": 10.137797, "relative_strength": -5.425531, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.54718, "energy": 15.582841, "activity_lines": [ 8.703415, 8.615822, 8.622711, 8.660194 ] }, { "date": "2025-03-28", "close": 8.615194, "volume": 11797940, "typical_volume": 14789052.3, "trend": 8.615425, "fair_value": 10.094772, "relative_strength": -6.643144, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 13.766555, "energy": 14.289082, "activity_lines": [ 8.702955, 8.625471, 8.611454, 8.662032 ] }, { "date": "2025-04-04", "close": 9.580097, "volume": 29600828, "typical_volume": 15654822.9, "trend": 8.680211, "fair_value": 10.065076, "relative_strength": 4.157515, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 64.471406, "energy": 54.531585, "activity_lines": [ 9.012183, 8.80404, 8.694028, 8.724269 ] }, { "date": "2025-04-11", "close": 10.241744, "volume": 145755402, "typical_volume": 21771657.0, "trend": 8.774634, "fair_value": 10.046444, "relative_strength": 14.680106, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.537941, "energy": 72.534615, "activity_lines": [ 9.458335, 9.086619, 8.836368, 8.825013 ] }, { "date": "2025-04-18", "close": 9.138999, "volume": 89445874, "typical_volume": 24887655.6, "trend": 8.83069, "fair_value": 10.021348, "relative_strength": 0.982199, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.380498, "energy": 59.36656, "activity_lines": [ 9.427091, 9.138748, 8.867514, 8.848521 ] }, { "date": "2025-04-25", "close": 9.201029, "volume": 60239251, "typical_volume": 26043313.45, "trend": 8.846772, "fair_value": 9.995197, "relative_strength": 1.049829, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.55289, "energy": 56.507603, "activity_lines": [ 9.404117, 9.190878, 8.906044, 8.872414 ] }, { "date": "2025-05-02", "close": 8.429107, "volume": 23048480, "typical_volume": 26206508.4, "trend": 8.820122, "fair_value": 9.964744, "relative_strength": -6.8377, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 33.515491, "energy": 20.458912, "activity_lines": [ 9.095349, 9.089626, 8.871879, 8.845467 ] }, { "date": "2025-05-09", "close": 8.821959, "volume": 34415220, "typical_volume": 27164469.2, "trend": 8.829771, "fair_value": 9.935517, "relative_strength": -4.210578, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 27.01767, "energy": 15.940393, "activity_lines": [ 8.929937, 9.059927, 8.881068, 8.845586 ] }, { "date": "2025-05-16", "close": 10.165931, "volume": 75320061, "typical_volume": 30399990.1, "trend": 8.881922, "fair_value": 9.917125, "relative_strength": 9.37873, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.431613, "energy": 22.456554, "activity_lines": [ 9.263058, 9.265564, 9.019273, 8.93179 ] }, { "date": "2025-05-23", "close": 9.290627, "volume": 58990349, "typical_volume": 32805964.65, "trend": 8.891571, "fair_value": 9.898451, "relative_strength": 0.5328, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.24555, "energy": 18.824248, "activity_lines": [ 9.309465, 9.283484, 9.067025, 8.958158 ] }, { "date": "2025-05-30", "close": 9.138999, "volume": 33637074, "typical_volume": 34072962.1, "trend": 8.90972, "fair_value": 9.880863, "relative_strength": -0.870079, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.346827, "energy": 22.596284, "activity_lines": [ 9.295221, 9.267694, 9.09443, 8.974121 ] }, { "date": "2025-06-06", "close": 9.55942, "volume": 42039340, "typical_volume": 35840393.25, "trend": 8.92764, "fair_value": 9.864356, "relative_strength": 3.103215, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.868356, "energy": 34.43185, "activity_lines": [ 9.425253, 9.321704, 9.156065, 9.016037 ] }, { "date": "2025-06-13", "close": 9.180351, "volume": 47900229, "typical_volume": 37263396.5, "trend": 8.937059, "fair_value": 9.84881, "relative_strength": -0.311644, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.189443, "energy": 20.029975, "activity_lines": [ 9.353574, 9.289624, 9.175396, 9.032341 ] }, { "date": "2025-06-20", "close": 9.014941, "volume": 18963431, "typical_volume": 38108241.05, "trend": 8.939356, "fair_value": 9.830427, "relative_strength": -1.283578, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.833503, "energy": 12.322975, "activity_lines": [ 9.202866, 9.234737, 9.176611, 9.037366 ] }, { "date": "2025-06-27", "close": 9.484527, "volume": 27957787, "typical_volume": 39088238.05, "trend": 8.940536, "fair_value": 9.814045, "relative_strength": 2.166635, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.905181, "energy": 15.996655, "activity_lines": [ 9.285419, 9.287536, 9.220545, 9.072538 ] }, { "date": "2025-07-04", "close": 9.798122, "volume": 33868977, "typical_volume": 40326257.6, "trend": 8.954695, "fair_value": 9.800642, "relative_strength": 4.200697, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 51.335842, "energy": 23.339824, "activity_lines": [ 9.459578, 9.391069, 9.289747, 9.127866 ] }, { "date": "2025-07-11", "close": 9.568152, "volume": 82880340, "typical_volume": 44055535.8, "trend": 8.951081, "fair_value": 9.786147, "relative_strength": 0.738652, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.777354, "energy": 27.037121, "activity_lines": [ 9.513137, 9.441933, 9.330791, 9.167444 ] }, { "date": "2025-07-18", "close": 9.52634, "volume": 23991520, "typical_volume": 44640673.0, "trend": 8.967438, "fair_value": 9.770878, "relative_strength": -0.326251, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 46.983791, "energy": 36.538941, "activity_lines": [ 9.552178, 9.464485, 9.362461, 9.204558 ] }, { "date": "2025-07-25", "close": 9.742373, "volume": 31260829, "typical_volume": 45491298.35, "trend": 9.002943, "fair_value": 9.756024, "relative_strength": 0.338835, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.476396, "energy": 42.010232, "activity_lines": [ 9.640163, 9.513509, 9.408988, 9.254553 ] }, { "date": "2025-08-01", "close": 9.554215, "volume": 21588980, "typical_volume": 45676994.35, "trend": 9.053082, "fair_value": 9.742958, "relative_strength": -0.555522, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.00521, "energy": 31.182945, "activity_lines": [ 9.616934, 9.536024, 9.43213, 9.290119 ] }, { "date": "2025-08-08", "close": 9.819029, "volume": 21918540, "typical_volume": 45731022.6, "trend": 9.116414, "fair_value": 9.733656, "relative_strength": 0.159848, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.213886, "energy": 33.19459, "activity_lines": [ 9.67733, 9.601894, 9.477629, 9.339535 ] }, { "date": "2025-08-15", "close": 9.589059, "volume": 19837440, "typical_volume": 46132997.6, "trend": 9.160822, "fair_value": 9.719843, "relative_strength": -3.729416, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.74346, "energy": 30.433234, "activity_lines": [ 9.659676, 9.613587, 9.496248, 9.370028 ] }, { "date": "2025-08-22", "close": 9.749341, "volume": 18129308, "typical_volume": 45559421.6, "trend": 9.19633, "fair_value": 9.706594, "relative_strength": -5.375299, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.330094, "energy": 29.175036, "activity_lines": [ 9.694055, 9.653883, 9.525495, 9.407997 ] }, { "date": "2025-08-29", "close": 9.721465, "volume": 33073528, "typical_volume": 39925327.9, "trend": 9.233895, "fair_value": 9.696709, "relative_strength": -6.293299, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.597648, "energy": 28.429709, "activity_lines": [ 9.704276, 9.678766, 9.551281, 9.441877 ] }, { "date": "2025-09-05", "close": 9.665714, "volume": 20665269, "typical_volume": 36486297.65, "trend": 9.272128, "fair_value": 9.684105, "relative_strength": -5.568423, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.146506, "energy": 24.336099, "activity_lines": [ 9.697307, 9.680666, 9.574234, 9.469736 ] }, { "date": "2025-09-12", "close": 9.749341, "volume": 20161425, "typical_volume": 34482406.35, "trend": 9.314298, "fair_value": 9.670054, "relative_strength": -6.031914, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.570389, "energy": 26.436075, "activity_lines": [ 9.71078, 9.694477, 9.602644, 9.500524 ] }, { "date": "2025-09-19", "close": 9.805092, "volume": 21049618, "typical_volume": 34382463.25, "trend": 9.359935, "fair_value": 9.657289, "relative_strength": -4.136291, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.615037, "energy": 26.919333, "activity_lines": [ 9.747482, 9.719312, 9.633753, 9.532188 ] }, { "date": "2025-09-26", "close": 9.470589, "volume": 16180780, "typical_volume": 33470741.25, "trend": 9.398097, "fair_value": 9.641072, "relative_strength": -7.367854, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 31.648189, "energy": 15.395124, "activity_lines": [ 9.658282, 9.679019, 9.626452, 9.539327 ] }, { "date": "2025-10-03", "close": 9.421806, "volume": 4991700, "typical_volume": 29954323.2, "trend": 9.425673, "fair_value": 9.616656, "relative_strength": -8.920003, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 22.752273, "energy": 10.719482, "activity_lines": [ 9.571404, 9.630871, 9.611416, 9.540857 ] }, { "date": "2025-10-10", "close": 9.491495, "volume": 4314611, "typical_volume": 27220536.3, "trend": 9.443626, "fair_value": 9.603567, "relative_strength": -8.439014, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.607579, "energy": 10.452717, "activity_lines": [ 9.527733, 9.601222, 9.606561, 9.545104 ] }, { "date": "2025-10-17", "close": 9.853873, "volume": 24816240, "typical_volume": 26779494.6, "trend": 9.479631, "fair_value": 9.593814, "relative_strength": -3.475939, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.452437, "energy": 17.986673, "activity_lines": [ 9.616469, 9.6386, 9.635262, 9.571571 ] }, { "date": "2025-10-24", "close": 10.418344, "volume": 31579326, "typical_volume": 26256493.9, "trend": 9.539736, "fair_value": 9.592529, "relative_strength": -0.737804, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 68.776313, "energy": 49.148021, "activity_lines": [ 9.886393, 9.777976, 9.714317, 9.632133 ] }, { "date": "2025-10-31", "close": 10.090813, "volume": 37913064, "typical_volume": 25757135.65, "trend": 9.55676, "fair_value": 9.586909, "relative_strength": -3.91501, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.316401, "energy": 55.433567, "activity_lines": [ 10.006257, 9.842723, 9.758089, 9.667687 ] }, { "date": "2025-11-07", "close": 10.934035, "volume": 34261643, "typical_volume": 26522046.25, "trend": 9.579836, "fair_value": 9.582309, "relative_strength": 2.909515, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.793801, "energy": 78.414533, "activity_lines": [ 10.365847, 10.054574, 9.877832, 9.756543 ] }, { "date": "2025-11-14", "close": 11.19885, "volume": 32432124, "typical_volume": 26745763.1, "trend": 9.648498, "fair_value": 9.58531, "relative_strength": 5.485489, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.69667, "energy": 86.015493, "activity_lines": [ 10.712893, 10.292526, 10.013657, 9.860996 ] }, { "date": "2025-11-21", "close": 10.195344, "volume": 24467217, "typical_volume": 26275675.1, "trend": 9.681642, "fair_value": 9.584494, "relative_strength": -0.012798, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.511177, "energy": 68.057682, "activity_lines": [ 10.611613, 10.320148, 10.045747, 9.896276 ] }, { "date": "2025-11-28", "close": 10.27897, "volume": 19709340, "typical_volume": 23117125.1, "trend": 9.743304, "fair_value": 9.583243, "relative_strength": -0.442877, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.873133, "energy": 57.115474, "activity_lines": [ 10.515444, 10.354866, 10.083909, 9.934813 ] }, { "date": "2025-12-05", "close": 10.167468, "volume": 47596280, "typical_volume": 24297363.1, "trend": 9.788154, "fair_value": 9.58094, "relative_strength": -1.775866, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.22961, "energy": 32.472626, "activity_lines": [ 10.391399, 10.360694, 10.108068, 9.962179 ] }, { "date": "2025-12-12", "close": 9.491495, "volume": 60403709, "typical_volume": 25754507.1, "trend": 9.765673, "fair_value": 9.574431, "relative_strength": -7.712797, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 15.328856, "energy": 14.475507, "activity_lines": [ 10.03692, 10.230948, 10.064795, 9.943039 ] }, { "date": "2025-12-19", "close": 9.714497, "volume": 28721699, "typical_volume": 26111143.05, "trend": 9.779802, "fair_value": 9.567622, "relative_strength": -5.443564, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.857548, "energy": 17.351496, "activity_lines": [ 9.852944, 10.14048, 10.043955, 9.939738 ] }, { "date": "2025-12-26", "close": 9.651777, "volume": 37273526, "typical_volume": 26878892.35, "trend": 9.796895, "fair_value": 9.558555, "relative_strength": -7.711142, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.334089, "energy": 14.510668, "activity_lines": [ 9.747018, 10.034554, 10.016378, 9.931478 ] }, { "date": "2026-01-02", "close": 9.589059, "volume": 18745440, "typical_volume": 26824292.35, "trend": 9.797883, "fair_value": 9.549002, "relative_strength": -8.369571, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.018862, "energy": 20.183493, "activity_lines": [ 9.656423, 9.9209, 9.983625, 9.918069 ] }, { "date": "2026-01-09", "close": 9.582089, "volume": 26883780, "typical_volume": 27262015.95, "trend": 9.811274, "fair_value": 9.544339, "relative_strength": -11.692772, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.882475, "energy": 18.775735, "activity_lines": [ 9.6095, 9.821056, 9.950208, 9.904147 ] }, { "date": "2026-01-16", "close": 9.839935, "volume": 32665775, "typical_volume": 27241628.3, "trend": 9.838774, "fair_value": 9.540105, "relative_strength": -8.808603, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.623968, "energy": 13.474639, "activity_lines": [ 9.687551, 9.777343, 9.942144, 9.905996 ] }, { "date": "2026-01-23", "close": 10.181406, "volume": 29289538, "typical_volume": 27672841.75, "trend": 9.862003, "fair_value": 9.537681, "relative_strength": -6.282652, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.124692, "energy": 5.974325, "activity_lines": [ 9.856195, 9.815608, 9.966037, 9.928102 ] }, { "date": "2026-01-30", "close": 9.909622, "volume": 27444900, "typical_volume": 28037015.5, "trend": 9.86572, "fair_value": 9.534864, "relative_strength": -8.221249, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.11408, "energy": 4.593091, "activity_lines": [ 9.903118, 9.822956, 9.96159, 9.931174 ] }, { "date": "2026-02-06", "close": 10.202312, "volume": 19399240, "typical_volume": 27954496.6, "trend": 9.886858, "fair_value": 9.531393, "relative_strength": -4.244892, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.731386, "energy": 19.247531, "activity_lines": [ 10.030415, 9.888716, 9.984255, 9.952889 ] }, { "date": "2026-02-13", "close": 10.285938, "volume": 22515780, "typical_volume": 28271246.6, "trend": 9.912178, "fair_value": 9.52753, "relative_strength": -3.839193, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.478375, "energy": 23.681214, "activity_lines": [ 10.144703, 9.971075, 10.012993, 9.978636 ] }, { "date": "2026-02-27", "close": 10.313813, "volume": 14354620, "typical_volume": 28739392.6, "trend": 9.931226, "fair_value": 9.523382, "relative_strength": -5.437133, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 51.858206, "energy": 35.438025, "activity_lines": [ 10.22136, 10.056348, 10.040503, 10.004548 ] }, { "date": "2026-03-06", "close": 10.132624, "volume": 47326718, "typical_volume": 30889997.95, "trend": 9.950506, "fair_value": 9.518494, "relative_strength": -6.19235, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 48.10158, "energy": 31.28743, "activity_lines": [ 10.206029, 10.093726, 10.04651, 10.017542 ] }, { "date": "2026-03-13", "close": 9.69359, "volume": 24245900, "typical_volume": 30861480.95, "trend": 9.946325, "fair_value": 9.510202, "relative_strength": -9.506442, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.099773, "energy": 14.057493, "activity_lines": [ 10.047605, 10.043677, 10.007651, 10.000967 ] }, { "date": "2026-03-20", "close": 9.136087, "volume": 16438940, "typical_volume": 30104461.65, "trend": 9.931226, "fair_value": 9.497028, "relative_strength": -11.526815, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -36.193326, "energy": 31.8943, "activity_lines": [ 9.717749, 9.891504, 9.916459, 9.948693 ] }, { "date": "2026-03-27", "close": 9.052462, "volume": 20429208, "typical_volume": 29230268.85, "trend": 9.907997, "fair_value": 9.482053, "relative_strength": -11.173356, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -68.512461, "energy": 64.022625, "activity_lines": [ 9.431099, 9.732362, 9.823409, 9.891999 ] }, { "date": "2026-04-03", "close": 8.648272, "volume": 14701540, "typical_volume": 28252263.7, "trend": 9.872224, "fair_value": 9.468958, "relative_strength": -14.187366, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.47885, "energy": 79.797194, "activity_lines": [ 9.091952, 9.509361, 9.696809, 9.810726 ] }, { "date": "2026-04-10", "close": 9.045493, "volume": 9659440, "typical_volume": 27113629.5, "trend": 9.85155, "fair_value": 9.456721, "relative_strength": -12.247395, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.040955, "energy": 75.221622, "activity_lines": [ 8.996247, 9.380248, 9.618925, 9.757389 ] }, { "date": "2026-04-17", "close": 9.0664, "volume": 12638780, "typical_volume": 26522207.65, "trend": 9.828785, "fair_value": 9.442679, "relative_strength": -12.860654, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.143324, "energy": 71.6859, "activity_lines": [ 8.979987, 9.27559, 9.553285, 9.706734 ] }, { "date": "2026-04-24", "close": 9.331213, "volume": 21097032, "typical_volume": 26591592.25, "trend": 9.812989, "fair_value": 9.430039, "relative_strength": -10.605401, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.072331, "energy": 52.627577, "activity_lines": [ 9.09381, 9.234411, 9.518242, 9.674632 ] }, { "date": "2026-05-01", "close": 9.965373, "volume": 23817834, "typical_volume": 25402669.95, "trend": 9.829482, "fair_value": 9.420706, "relative_strength": -5.015553, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.11137, "energy": 16.310606, "activity_lines": [ 9.406012, 9.324371, 9.548109, 9.684464 ] }, { "date": "2026-05-08", "close": 9.951436, "volume": 11900620, "typical_volume": 22977515.5, "trend": 9.847136, "fair_value": 9.418072, "relative_strength": -6.553049, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -13.908499, "energy": 17.468317, "activity_lines": [ 9.652707, 9.417626, 9.57761, 9.692332 ] }, { "date": "2026-05-15", "close": 9.763278, "volume": 18298809, "typical_volume": 22456371.0, "trend": 9.856196, "fair_value": 9.415498, "relative_strength": -7.136503, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -16.882802, "energy": 23.294321, "activity_lines": [ 9.749805, 9.48326, 9.587001, 9.686921 ] }, { "date": "2026-05-22", "close": 9.596027, "volume": 14227500, "typical_volume": 21304069.7, "trend": 9.847601, "fair_value": 9.412358, "relative_strength": -7.749722, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -16.697469, "energy": 21.84879, "activity_lines": [ 9.743301, 9.525199, 9.580231, 9.670136 ] }, { "date": "2026-05-29", "close": 8.864305, "volume": 14098809, "typical_volume": 21071738.15, "trend": 9.795799, "fair_value": 9.403979, "relative_strength": -13.463434, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.611718, "energy": 19.326898, "activity_lines": [ 9.457581, 9.435872, 9.504039, 9.606698 ] }, { "date": "2026-06-05", "close": 8.766741, "volume": 16893093, "typical_volume": 20572203.8, "trend": 9.751664, "fair_value": 9.393541, "relative_strength": -13.181182, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.998109, "energy": 41.576632, "activity_lines": [ 9.170467, 9.333747, 9.422007, 9.540307 ] }, { "date": "2026-06-12", "close": 8.271956, "volume": 13651820, "typical_volume": 19621506.05, "trend": 9.662928, "fair_value": 9.380142, "relative_strength": -17.670391, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.526844, "energy": 69.462585, "activity_lines": [ 8.798333, 9.146857, 9.296734, 9.444842 ] }, { "date": "2026-06-19", "close": 8.007142, "volume": 14297631, "typical_volume": 18871910.7, "trend": 9.556537, "fair_value": 9.366775, "relative_strength": -20.990961, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.845216, "energy": 81.332489, "activity_lines": [ 8.449893, 8.918661, 9.153708, 9.338017 ] }, { "date": "2026-06-26", "close": 7.94, "volume": 18594862, "typical_volume": 18429408.8, "trend": 9.481359, "fair_value": 9.35323, "relative_strength": -19.98173, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.692255, "energy": 83.701724, "activity_lines": [ 8.196148, 8.697136, 9.014641, 9.233724 ] }, { "date": "2026-07-03", "close": 8.35, "volume": 5206348, "typical_volume": 17719764.2, "trend": 9.41706, "fair_value": 9.342355, "relative_strength": -15.727017, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.472131, "energy": 78.080494, "activity_lines": [ 8.189472, 8.570636, 8.924001, 9.160733 ] }, { "date": "2026-07-10", "close": 8.19, "volume": 19471048, "typical_volume": 17567527.6, "trend": 9.351145, "fair_value": 9.332564, "relative_strength": -15.849654, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.039761, "energy": 69.059442, "activity_lines": [ 8.163749, 8.432886, 8.826943, 9.081568 ] }, { "date": "2026-07-17", "close": 8.5, "volume": 31813023, "typical_volume": 18440447.75, "trend": 9.318095, "fair_value": 9.322229, "relative_strength": -6.937802, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.864373, "energy": 44.030905, "activity_lines": [ 8.279809, 8.383779, 8.769389, 9.026656 ] }, { "date": "2026-07-24", "close": 7.93, "volume": 24428880, "typical_volume": 17295555.85, "trend": 9.258612, "fair_value": 9.308325, "relative_strength": -13.897078, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.600087, "energy": 42.519165, "activity_lines": [ 8.190667, 8.257425, 8.666188, 8.937101 ] }, { "date": "2026-07-31", "close": 8.55, "volume": 18827425, "typical_volume": 17024632.1, "trend": 9.221886, "fair_value": 9.298257, "relative_strength": -7.248262, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.539728, "energy": 29.425658, "activity_lines": [ 8.313333, 8.277131, 8.632522, 8.891384 ] }, { "date": "2026-08-07", "close": 8.75, "volume": 14653571, "typical_volume": 16935363.65, "trend": 9.193917, "fair_value": 9.288948, "relative_strength": -7.332066, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.583567, "energy": 20.81723, "activity_lines": [ 8.462, 8.35222, 8.62335, 8.86094 ] } ], "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." } } }