{ "ticker": { "uuid": "89d3c534-92c5-4260-b703-4ebec3350dcb", "symbol": "301026", "name": "Hootech Inc.", "exchange": "SHZ", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "399001.SZ", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 95.66, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -38.774, "architecture_energy": 34.035, "architecture_maturity": 11.017, "architecture_confidence": 71.524, "architecture_tenure": "New", "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": 37.58, "rotation_up": 16.22, "upward_expansion": 6.65, "deceleration": 45.54, "rotation_down": 56.93, "downward_expansion": 77.65 }, "activity_lines": [ 19.028, 19.398546, 20.526282, 20.885613 ], "activity_state": "Moderate", "activity_direction": "Stable", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 22.82, "trend_reference": 21.473326, "distance_from_trend": 0.062714, "trend_direction": "Improving", "fair_value": 16.337239, "distance_from_fair_value": 0.396809, "fair_value_direction": "Weakening", "relative_strength": 6.84905, "relative_strength_direction": "Improving", "price_momentum": -0.034914, "excess_performance": -0.042314, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.062714, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.022471, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.396809, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.005254, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.06849, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.1431, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.034914, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.011094, "read": "Demand-led" } ], "volume": { "latest": 96000562, "relative_activity": 2.966438, "balance": 1.011094, "dry_up": 1.376809, "accumulation_observations": 3, "distribution_observations": 4 }, "risk": { "range_context": 0.113608, "annualized_volatility": 0.653644, "from_high_reference": -0.225307, "from_low_reference": 0.427142 }, "levels": { "trend_reference": 21.473326, "fair_value_reference": 16.337239, "structural_low": 15.99, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 13, "median_return": 0.011419, "positive_rate": 0.538462, "directional_follow_through": 0.461538, "median_excess_return": -0.016163, "regime_survival": 0.846154, "best_return": 0.152592, "worst_return": -0.137274, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": -0.049749, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.0035, "regime_survival": 0.5, "best_return": 0.383304, "worst_return": -0.217691, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.193883, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.021308, "regime_survival": 0.666667, "best_return": 0.170533, "worst_return": -0.195095, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.201763, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.180013, "regime_survival": 0.5, "best_return": 0.754678, "worst_return": -0.351153, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-06", "end": "2025-02-21", "tenure": "Developing", "return": -0.024348, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-28", "end": "2025-03-21", "tenure": "New", "return": 0.073954, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-28", "end": "2025-04-11", "tenure": "New", "return": -0.057556, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-18", "end": "2025-05-23", "tenure": "Developing", "return": 0.161759, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-30", "end": "2025-10-17", "tenure": "Established", "return": 0.237596, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-24", "end": "2025-11-21", "tenure": "Developing", "return": -0.092552, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-28", "end": "2025-12-26", "tenure": "Developing", "return": 0.21522, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-02", "end": "2026-01-16", "tenure": "New", "return": 0.106916, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-23", "end": "2026-03-20", "tenure": "Developing", "return": -0.200585, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-27", "end": "2026-04-03", "tenure": "New", "return": -0.022654, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-10", "end": "2026-05-22", "tenure": "Developing", "return": 0.223783, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-29", "end": "2026-06-26", "tenure": "Developing", "return": -0.072885, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-03", "end": "2026-07-17", "tenure": "New", "return": -0.146513, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.373044, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 17.297508, "volume": 6723464, "typical_volume": 11260235.95, "trend": 19.037789, "fair_value": 22.805121, "relative_strength": 1.875443, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.438145, "energy": 39.126411, "activity_lines": [ 17.55206, 17.661412, 18.40317, 18.714575 ] }, { "date": "2023-08-04", "close": 17.228888, "volume": 7887953, "typical_volume": 10710662.55, "trend": 18.932774, "fair_value": 22.752014, "relative_strength": 0.089926, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.279078, "energy": 41.518745, "activity_lines": [ 17.425274, 17.520839, 18.236411, 18.597872 ] }, { "date": "2023-08-11", "close": 16.684813, "volume": 5435935, "typical_volume": 9646546.65, "trend": 18.839384, "fair_value": 22.694776, "relative_strength": 0.576932, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.260713, "energy": 60.472926, "activity_lines": [ 17.135756, 17.324331, 18.026877, 18.452842 ] }, { "date": "2023-08-18", "close": 16.023108, "volume": 5455983, "typical_volume": 9314907.7, "trend": 18.765504, "fair_value": 22.632424, "relative_strength": -0.447945, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.147753, "energy": 73.665102, "activity_lines": [ 16.699193, 17.069541, 17.775913, 18.271147 ] }, { "date": "2023-08-25", "close": 14.675187, "volume": 7638673, "typical_volume": 9042865.1, "trend": 18.624859, "fair_value": 22.558746, "relative_strength": -6.05947, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.863248, "energy": 85.407513, "activity_lines": [ 15.951873, 16.606836, 17.412583, 18.007256 ] }, { "date": "2023-09-01", "close": 15.361401, "volume": 11950802, "typical_volume": 8920641.25, "trend": 18.457109, "fair_value": 22.492715, "relative_strength": -5.071147, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.260522, "energy": 81.731634, "activity_lines": [ 15.611706, 16.314972, 17.138095, 17.79671 ] }, { "date": "2023-09-08", "close": 15.263371, "volume": 9391781, "typical_volume": 8623279.4, "trend": 18.296767, "fair_value": 22.426994, "relative_strength": -4.36201, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.488468, "energy": 84.820433, "activity_lines": [ 15.367937, 16.035228, 16.883804, 17.590662 ] }, { "date": "2023-09-15", "close": 15.023197, "volume": 6899041, "typical_volume": 8221051.1, "trend": 18.181147, "fair_value": 22.360293, "relative_strength": -4.931701, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.637909, "energy": 84.056729, "activity_lines": [ 15.175144, 15.752633, 16.631047, 17.379464 ] }, { "date": "2023-09-22", "close": 14.885952, "volume": 7382802, "typical_volume": 8252477.05, "trend": 18.05901, "fair_value": 22.293558, "relative_strength": -6.391927, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.485554, "energy": 70.586938, "activity_lines": [ 15.047377, 15.495347, 16.389754, 17.166871 ] }, { "date": "2023-09-29", "close": 13.97917, "volume": 6790592, "typical_volume": 8215948.7, "trend": 17.907133, "fair_value": 22.219979, "relative_strength": -11.689592, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.277692, "energy": 77.90505, "activity_lines": [ 14.693159, 15.131653, 16.083639, 16.903656 ] }, { "date": "2023-10-13", "close": 13.915448, "volume": 8700212, "typical_volume": 8261760.25, "trend": 17.754588, "fair_value": 22.147132, "relative_strength": -11.936091, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.886814, "energy": 73.085201, "activity_lines": [ 14.364103, 14.817688, 15.794075, 16.646127 ] }, { "date": "2023-10-20", "close": 13.390985, "volume": 6652673, "typical_volume": 8282195.2, "trend": 17.563372, "fair_value": 22.070992, "relative_strength": -11.137362, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.811005, "energy": 79.545549, "activity_lines": [ 13.956622, 14.469857, 15.483403, 16.364605 ] }, { "date": "2023-10-27", "close": 14.072298, "volume": 20749144, "typical_volume": 8933946.15, "trend": 17.325157, "fair_value": 22.002038, "relative_strength": -8.863973, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.810777, "energy": 60.76787, "activity_lines": [ 13.901071, 14.315682, 15.267152, 16.139374 ] }, { "date": "2023-11-03", "close": 14.165427, "volume": 11752391, "typical_volume": 8888738.95, "trend": 17.151183, "fair_value": 21.935058, "relative_strength": -9.351153, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.398901, "energy": 56.803935, "activity_lines": [ 13.939957, 14.225939, 15.088456, 15.935521 ] }, { "date": "2023-11-10", "close": 14.410504, "volume": 7962396, "typical_volume": 8602265.75, "trend": 16.977939, "fair_value": 21.871291, "relative_strength": -9.192076, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.987389, "energy": 50.134661, "activity_lines": [ 14.108569, 14.214532, 14.95168, 15.758703 ] }, { "date": "2023-11-17", "close": 14.704597, "volume": 7078470, "typical_volume": 8616883.55, "trend": 16.749317, "fair_value": 21.811066, "relative_strength": -7.637866, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.183719, "energy": 35.677431, "activity_lines": [ 14.346458, 14.261408, 14.85624, 15.612035 ] }, { "date": "2023-11-24", "close": 14.283064, "volume": 7313274, "typical_volume": 8578487.7, "trend": 16.545785, "fair_value": 21.748333, "relative_strength": -9.010219, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.175755, "energy": 27.754459, "activity_lines": [ 14.391225, 14.243585, 14.731624, 15.452922 ] }, { "date": "2023-12-01", "close": 14.327179, "volume": 8729454, "typical_volume": 8441972.2, "trend": 16.35084, "fair_value": 21.687001, "relative_strength": -7.726796, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.867149, "energy": 25.733926, "activity_lines": [ 14.391225, 14.251605, 14.626568, 15.309786 ] }, { "date": "2023-12-08", "close": 14.248754, "volume": 7481654, "typical_volume": 8403197.65, "trend": 16.178835, "fair_value": 21.626032, "relative_strength": -6.659962, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.20431, "energy": 26.469024, "activity_lines": [ 14.348092, 14.258022, 14.530522, 15.174168 ] }, { "date": "2023-12-15", "close": 13.97917, "volume": 7726861, "typical_volume": 8485177.75, "trend": 16.020489, "fair_value": 21.563862, "relative_strength": -6.737829, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.681465, "energy": 34.600504, "activity_lines": [ 14.209542, 14.227009, 14.427146, 15.032254 ] }, { "date": "2023-12-22", "close": 13.92035, "volume": 7430564, "typical_volume": 8520532.75, "trend": 15.818776, "fair_value": 21.502221, "relative_strength": -5.324115, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.773542, "energy": 35.78328, "activity_lines": [ 14.080141, 14.185301, 14.334227, 14.896761 ] }, { "date": "2023-12-29", "close": 14.925165, "volume": 26906052, "typical_volume": 9471437.7, "trend": 15.663172, "fair_value": 21.449605, "relative_strength": -1.630477, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.186471, "energy": 20.674097, "activity_lines": [ 14.337961, 14.326198, 14.353086, 14.839109 ] }, { "date": "2024-01-05", "close": 13.998775, "volume": 20245203, "typical_volume": 10211901.1, "trend": 15.459922, "fair_value": 21.390471, "relative_strength": -3.397653, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.613433, "energy": 26.93687, "activity_lines": [ 14.244179, 14.270766, 14.294688, 14.731728 ] }, { "date": "2024-01-12", "close": 14.317375, "volume": 14020104, "typical_volume": 10640107.15, "trend": 15.334933, "fair_value": 21.334777, "relative_strength": 0.434904, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.247036, "energy": 17.924536, "activity_lines": [ 14.278489, 14.274598, 14.279423, 14.658016 ] }, { "date": "2024-01-19", "close": 12.881226, "volume": 11205666, "typical_volume": 10818456.8, "trend": 15.190665, "fair_value": 21.268734, "relative_strength": -7.20826, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.482326, "energy": 34.083386, "activity_lines": [ 13.829509, 14.014549, 14.135505, 14.499712 ] }, { "date": "2024-01-26", "close": 12.876325, "volume": 17038259, "typical_volume": 11072829.65, "trend": 15.052932, "fair_value": 21.203676, "relative_strength": -6.865946, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.682205, "energy": 55.439741, "activity_lines": [ 13.452091, 13.781415, 13.999662, 14.3504 ] }, { "date": "2024-02-02", "close": 10.263808, "volume": 11057959, "typical_volume": 11156138.55, "trend": 14.81145, "fair_value": 21.119524, "relative_strength": -18.9516, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.342283, "energy": 79.581542, "activity_lines": [ 12.273436, 13.106518, 13.626843, 14.041424 ] }, { "date": "2024-02-09", "close": 9.959912, "volume": 14960373, "typical_volume": 11559205.15, "trend": 14.550525, "fair_value": 21.034336, "relative_strength": -27.673064, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.697014, "energy": 86.273033, "activity_lines": [ 11.30424, 12.449446, 13.248888, 13.728422 ] }, { "date": "2024-02-23", "close": 10.984333, "volume": 12929969, "typical_volume": 11836563.5, "trend": 14.31329, "fair_value": 20.958199, "relative_strength": -21.975493, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.624988, "energy": 79.39421, "activity_lines": [ 10.945774, 12.058036, 12.992608, 13.498345 ] }, { "date": "2024-03-01", "close": 11.724464, "volume": 21742577, "typical_volume": 12584162.75, "trend": 14.125725, "fair_value": 20.888773, "relative_strength": -19.608649, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.732082, "energy": 78.493829, "activity_lines": [ 11.056222, 11.860549, 12.825395, 13.331324 ] }, { "date": "2024-03-08", "close": 11.616631, "volume": 13194309, "typical_volume": 12808867.6, "trend": 13.936363, "fair_value": 20.819578, "relative_strength": -19.454977, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.103194, "energy": 56.494406, "activity_lines": [ 11.207843, 11.68445, 12.65865, 13.169447 ] }, { "date": "2024-03-15", "close": 13.46941, "volume": 26314704, "typical_volume": 13791969.15, "trend": 13.811047, "fair_value": 20.765132, "relative_strength": -8.790786, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.632525, "energy": 24.027277, "activity_lines": [ 12.061036, 11.887106, 12.679306, 13.139321 ] }, { "date": "2024-03-22", "close": 12.969455, "volume": 45051683, "typical_volume": 15007096.1, "trend": 13.687201, "fair_value": 20.707811, "relative_strength": -11.454587, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.355557, "energy": 20.477726, "activity_lines": [ 12.533871, 12.02533, 12.651974, 13.085024 ] }, { "date": "2024-03-29", "close": 13.513524, "volume": 17667000, "typical_volume": 15302826.55, "trend": 13.603549, "fair_value": 20.655298, "relative_strength": -5.817869, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.611662, "energy": 18.433999, "activity_lines": [ 12.987426, 12.28119, 12.68171, 13.073819 ] }, { "date": "2024-04-05", "close": 15.10162, "volume": 29948653, "typical_volume": 16402139.4, "trend": 13.617763, "fair_value": 20.615054, "relative_strength": 3.979887, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.792631, "energy": 27.687414, "activity_lines": [ 13.801734, 12.84041, 12.865798, 13.170469 ] }, { "date": "2024-04-12", "close": 14.734005, "volume": 59671523, "typical_volume": 19031792.05, "trend": 13.59685, "fair_value": 20.572744, "relative_strength": 5.003456, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.614782, "energy": 29.440691, "activity_lines": [ 14.26836, 13.29242, 13.011584, 13.242485 ] }, { "date": "2024-04-19", "close": 12.4793, "volume": 34965184, "typical_volume": 20414387.55, "trend": 13.504047, "fair_value": 20.514934, "relative_strength": -11.226334, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.657876, "energy": 16.819793, "activity_lines": [ 13.775592, 13.300708, 12.942495, 13.170385 ] }, { "date": "2024-04-26", "close": 11.910723, "volume": 21996482, "typical_volume": 21077738.95, "trend": 13.400298, "fair_value": 20.453911, "relative_strength": -16.318084, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.364106, "energy": 17.444859, "activity_lines": [ 13.159306, 13.165337, 12.827846, 13.06759 ] }, { "date": "2024-05-03", "close": 11.994048, "volume": 11967903, "typical_volume": 21302051.4, "trend": 13.303902, "fair_value": 20.394334, "relative_strength": -16.248505, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.949589, "energy": 20.253297, "activity_lines": [ 12.641377, 13.009646, 12.73264, 12.976864 ] }, { "date": "2024-05-10", "close": 12.660657, "volume": 20208221, "typical_volume": 21926119.4, "trend": 13.259951, "fair_value": 20.340253, "relative_strength": -12.36338, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.968495, "energy": 26.016245, "activity_lines": [ 12.44695, 12.956799, 12.711656, 12.935364 ] }, { "date": "2024-05-17", "close": 12.494006, "volume": 27285058, "typical_volume": 22918844.1, "trend": 13.21257, "fair_value": 20.285765, "relative_strength": -12.815368, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.439869, "energy": 25.715327, "activity_lines": [ 12.359703, 12.856629, 12.68108, 12.885948 ] }, { "date": "2024-05-24", "close": 12.82731, "volume": 40823448, "typical_volume": 23614713.9, "trend": 13.193781, "fair_value": 20.234327, "relative_strength": -7.372985, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.836247, "energy": 20.126793, "activity_lines": [ 12.532891, 12.801108, 12.689039, 12.861093 ] }, { "date": "2024-05-31", "close": 13.078354, "volume": 34451974, "typical_volume": 24325052.45, "trend": 13.160649, "fair_value": 20.185314, "relative_strength": -4.447771, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.766657, "energy": 10.513787, "activity_lines": [ 12.766559, 12.802907, 12.730897, 12.853646 ] }, { "date": "2024-06-07", "close": 12.409067, "volume": 17929652, "typical_volume": 24520529.85, "trend": 13.102104, "fair_value": 20.132414, "relative_strength": -7.720169, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.015433, "energy": 12.812168, "activity_lines": [ 12.69929, 12.681036, 12.713397, 12.805157 ] }, { "date": "2024-06-14", "close": 11.754653, "volume": 9665044, "typical_volume": 24443498.75, "trend": 13.013575, "fair_value": 20.075808, "relative_strength": -11.905049, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.327492, "energy": 22.006045, "activity_lines": [ 12.386215, 12.460262, 12.642658, 12.718225 ] }, { "date": "2024-06-21", "close": 11.873638, "volume": 8741102, "typical_volume": 24028640.9, "trend": 12.91921, "fair_value": 20.02076, "relative_strength": -8.730615, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.859977, "energy": 30.0733, "activity_lines": [ 12.173201, 12.321976, 12.588616, 12.64468 ] }, { "date": "2024-06-28", "close": 11.382827, "volume": 6343997, "typical_volume": 23792942.8, "trend": 12.822535, "fair_value": 19.963173, "relative_strength": -10.08217, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.55811, "energy": 47.759513, "activity_lines": [ 11.837942, 12.146458, 12.492605, 12.545559 ] }, { "date": "2024-07-05", "close": 11.045705, "volume": 5958668, "typical_volume": 23342857.55, "trend": 12.713153, "fair_value": 19.904117, "relative_strength": -10.887747, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.114447, "energy": 58.610221, "activity_lines": [ 11.486608, 11.929581, 12.359158, 12.430925 ] }, { "date": "2024-07-12", "close": 12.379321, "volume": 44912445, "typical_volume": 24941981.35, "trend": 12.650839, "fair_value": 19.854612, "relative_strength": -1.665224, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.082873, "energy": 42.250156, "activity_lines": [ 11.715322, 11.970907, 12.347552, 12.409387 ] }, { "date": "2024-07-19", "close": 11.541474, "volume": 22600322, "typical_volume": 24984868.6, "trend": 12.569582, "fair_value": 19.800278, "relative_strength": -8.40892, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.738857, "energy": 40.899132, "activity_lines": [ 11.666737, 11.852893, 12.249508, 12.337815 ] }, { "date": "2024-07-26", "close": 11.328294, "volume": 12556526, "typical_volume": 24952979.45, "trend": 12.48318, "fair_value": 19.745265, "relative_strength": -6.498827, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.511807, "energy": 35.357375, "activity_lines": [ 11.561304, 11.716467, 12.132032, 12.257732 ] }, { "date": "2024-08-02", "close": 11.362997, "volume": 14339817, "typical_volume": 24354235.1, "trend": 12.364441, "fair_value": 19.691186, "relative_strength": -5.376899, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.605939, "energy": 28.781565, "activity_lines": [ 11.503795, 11.607546, 12.019235, 12.185462 ] }, { "date": "2024-08-09", "close": 11.412574, "volume": 23012391, "typical_volume": 23252270.5, "trend": 12.278235, "fair_value": 19.638118, "relative_strength": -2.889994, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.160592, "energy": 32.825748, "activity_lines": [ 11.464134, 11.534262, 11.921189, 12.124051 ] }, { "date": "2024-08-16", "close": 11.20931, "volume": 7996121, "typical_volume": 22768726.55, "trend": 12.174632, "fair_value": 19.4101, "relative_strength": -3.867197, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.339537, "energy": 37.076992, "activity_lines": [ 11.33226, 11.454309, 11.811199, 12.055088 ] }, { "date": "2024-08-23", "close": 10.787907, "volume": 8397920, "typical_volume": 21691189.9, "trend": 12.104855, "fair_value": 19.264403, "relative_strength": -5.288467, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.12834, "energy": 46.536452, "activity_lines": [ 11.137919, 11.31955, 11.672048, 11.965622 ] }, { "date": "2024-08-30", "close": 11.957919, "volume": 32666350, "typical_volume": 20340931.25, "trend": 12.074242, "fair_value": 19.118453, "relative_strength": 3.030953, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.928644, "energy": 27.41317, "activity_lines": [ 11.38382, 11.415098, 11.664868, 11.956143 ] }, { "date": "2024-09-06", "close": 11.913301, "volume": 16887851, "typical_volume": 19437064.6, "trend": 12.129225, "fair_value": 18.946521, "relative_strength": 5.370807, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.342728, "energy": 18.594675, "activity_lines": [ 11.572873, 11.501001, 11.666659, 11.945759 ] }, { "date": "2024-09-13", "close": 12.037242, "volume": 10441504, "typical_volume": 18859315.7, "trend": 12.198469, "fair_value": 18.779477, "relative_strength": 8.370847, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.20427, "energy": 14.433159, "activity_lines": [ 11.766553, 11.599795, 11.682948, 11.939825 ] }, { "date": "2024-09-20", "close": 12.399153, "volume": 6118453, "typical_volume": 18566843.2, "trend": 12.24563, "fair_value": 18.613245, "relative_strength": 10.285279, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.838291, "energy": 12.769364, "activity_lines": [ 12.039225, 11.746362, 11.733102, 11.952772 ] }, { "date": "2024-09-27", "close": 13.435307, "volume": 22321773, "typical_volume": 18672520.8, "trend": 12.302658, "fair_value": 18.462886, "relative_strength": 1.515911, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.578988, "energy": 33.792937, "activity_lines": [ 12.57796, 12.08096, 11.880009, 12.029526 ] }, { "date": "2024-10-04", "close": 15.279563, "volume": 9816973, "typical_volume": 17799116.55, "trend": 12.424755, "fair_value": 18.337274, "relative_strength": 4.339727, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 50.234119, "energy": 63.932213, "activity_lines": [ 13.554952, 12.716444, 12.198871, 12.221584 ] }, { "date": "2024-10-11", "close": 14.392138, "volume": 28035818, "typical_volume": 17159735.05, "trend": 12.455513, "fair_value": 18.189787, "relative_strength": 2.793564, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 43.736046, "energy": 66.13592, "activity_lines": [ 14.014694, 13.118737, 12.419951, 12.348512 ] }, { "date": "2024-10-18", "close": 15.502657, "volume": 19858727, "typical_volume": 16430072.7, "trend": 12.539953, "fair_value": 18.025571, "relative_strength": 7.380854, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 81.341596, "energy": 84.868759, "activity_lines": [ 14.679353, 13.667867, 12.739343, 12.545102 ] }, { "date": "2024-10-25", "close": 14.992017, "volume": 29445022, "typical_volume": 17005841.2, "trend": 12.589236, "fair_value": 17.89673, "relative_strength": 1.262839, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.177063, "energy": 79.709087, "activity_lines": [ 14.942771, 14.049788, 12.998559, 12.7033 ] }, { "date": "2024-11-01", "close": 15.914145, "volume": 35305775, "typical_volume": 18287877.75, "trend": 12.61632, "fair_value": 17.793957, "relative_strength": 9.057825, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.530847, "energy": 77.355336, "activity_lines": [ 15.340707, 14.530593, 13.333297, 12.91781 ] }, { "date": "2024-11-08", "close": 15.844737, "volume": 53704909, "typical_volume": 20536068.1, "trend": 12.653345, "fair_value": 17.689661, "relative_strength": 1.737401, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.770096, "energy": 69.857019, "activity_lines": [ 15.550251, 14.905573, 13.641617, 13.126095 ] }, { "date": "2024-11-15", "close": 14.902779, "volume": 31183121, "typical_volume": 21778024.3, "trend": 12.734127, "fair_value": 17.580466, "relative_strength": -0.557518, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.33027, "energy": 49.048819, "activity_lines": [ 15.408131, 15.038619, 13.841317, 13.27122 ] }, { "date": "2024-11-22", "close": 13.931074, "volume": 16865266, "typical_volume": 22323354.2, "trend": 12.801472, "fair_value": 17.47292, "relative_strength": -4.094896, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.119651, "energy": 35.927279, "activity_lines": [ 14.908067, 14.940637, 13.931712, 13.348442 ] }, { "date": "2024-11-29", "close": 14.327688, "volume": 13342519, "typical_volume": 20744857.9, "trend": 12.87926, "fair_value": 17.372593, "relative_strength": -2.836338, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.820189, "energy": 27.59804, "activity_lines": [ 14.644979, 14.880334, 14.04614, 13.446907 ] }, { "date": "2024-12-06", "close": 14.456589, "volume": 17650358, "typical_volume": 20497359.7, "trend": 12.939125, "fair_value": 17.27697, "relative_strength": -3.414561, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.125499, "energy": 21.26547, "activity_lines": [ 14.469148, 14.808403, 14.163566, 13.548671 ] }, { "date": "2024-12-13", "close": 15.026721, "volume": 21784542, "typical_volume": 20958760.5, "trend": 13.023549, "fair_value": 17.160538, "relative_strength": 1.252604, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.744993, "energy": 21.041212, "activity_lines": [ 14.58053, 14.821563, 14.321409, 13.683354 ] }, { "date": "2024-12-20", "close": 15.591896, "volume": 36319273, "typical_volume": 22057733.3, "trend": 13.115702, "fair_value": 17.036313, "relative_strength": 5.753249, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.233721, "energy": 27.423459, "activity_lines": [ 14.934839, 14.94208, 14.515466, 13.849054 ] }, { "date": "2024-12-27", "close": 13.975695, "volume": 22050830, "typical_volume": 22009655.25, "trend": 13.145613, "fair_value": 16.910712, "relative_strength": -5.065819, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.54336, "energy": 20.879951, "activity_lines": [ 14.704473, 14.746928, 14.535463, 13.904537 ] }, { "date": "2025-01-03", "close": 12.845343, "volume": 9302510, "typical_volume": 22074974.7, "trend": 13.160155, "fair_value": 16.764511, "relative_strength": -5.664966, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.768323, "energy": 5.830882, "activity_lines": [ 14.094348, 14.37402, 14.435601, 13.885165 ] }, { "date": "2025-01-10", "close": 12.904836, "volume": 7661416, "typical_volume": 22038149.5, "trend": 13.198495, "fair_value": 16.638755, "relative_strength": -3.956273, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.420826, "energy": 12.552878, "activity_lines": [ 13.602877, 14.05096, 14.333614, 13.868693 ] }, { "date": "2025-01-17", "close": 13.509671, "volume": 7324688, "typical_volume": 20771066.4, "trend": 13.253029, "fair_value": 16.518445, "relative_strength": -2.712892, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.239073, "energy": 21.097474, "activity_lines": [ 13.416468, 13.892585, 14.279151, 13.888769 ] }, { "date": "2025-01-24", "close": 13.51463, "volume": 5751984, "typical_volume": 20214273.05, "trend": 13.324089, "fair_value": 16.412168, "relative_strength": -3.712539, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 3.566795, "energy": 28.829519, "activity_lines": [ 13.332848, 13.777567, 14.21777, 13.905646 ] }, { "date": "2025-01-31", "close": 13.45018, "volume": 1304968, "typical_volume": 19757446.25, "trend": 13.404239, "fair_value": 16.301723, "relative_strength": -2.683041, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -14.92581, "energy": 34.356136, "activity_lines": [ 13.36623, 13.67607, 14.142626, 13.913781 ] }, { "date": "2025-02-07", "close": 13.846794, "volume": 6237562, "typical_volume": 19763401.7, "trend": 13.453154, "fair_value": 16.200991, "relative_strength": -3.839188, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.758523, "energy": 11.098024, "activity_lines": [ 13.566851, 13.655428, 14.098526, 13.942333 ] }, { "date": "2025-02-14", "close": 13.970736, "volume": 17447203, "typical_volume": 19519673.2, "trend": 13.53413, "fair_value": 16.1001, "relative_strength": -4.773386, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.227633, "energy": 10.752701, "activity_lines": [ 13.742022, 13.666064, 14.059337, 13.975726 ] }, { "date": "2025-02-21", "close": 14.104594, "volume": 10680829, "typical_volume": 19562866.0, "trend": 13.626673, "fair_value": 16.017391, "relative_strength": -6.07235, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.705568, "energy": 15.757199, "activity_lines": [ 13.890752, 13.709872, 14.030346, 14.01253 ] }, { "date": "2025-02-28", "close": 13.742682, "volume": 12122404, "typical_volume": 18767195.3, "trend": 13.705996, "fair_value": 15.940147, "relative_strength": -5.273883, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.640634, "energy": 6.90171, "activity_lines": [ 13.879184, 13.704644, 13.972483, 14.020014 ] }, { "date": "2025-03-07", "close": 14.709431, "volume": 20347218, "typical_volume": 18791619.85, "trend": 13.815891, "fair_value": 15.868424, "relative_strength": -0.946489, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.793096, "energy": 21.483394, "activity_lines": [ 14.174662, 13.90881, 14.009784, 14.084752 ] }, { "date": "2025-03-14", "close": 15.294436, "volume": 35694780, "typical_volume": 19104107.75, "trend": 13.952062, "fair_value": 15.784941, "relative_strength": 1.741983, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 55.46264, "energy": 37.145137, "activity_lines": [ 14.581192, 14.206, 14.106576, 14.180142 ] }, { "date": "2025-03-21", "close": 14.759007, "volume": 26871154, "typical_volume": 18682376.7, "trend": 14.084432, "fair_value": 15.688764, "relative_strength": 0.815594, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 46.072494, "energy": 45.119726, "activity_lines": [ 14.712735, 14.361311, 14.150936, 14.232203 ] }, { "date": "2025-03-28", "close": 14.72926, "volume": 21796454, "typical_volume": 17086953.95, "trend": 14.17681, "fair_value": 15.589381, "relative_strength": 1.442921, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.203069, "energy": 50.443891, "activity_lines": [ 14.781812, 14.477501, 14.197963, 14.273805 ] }, { "date": "2025-04-04", "close": 15.294436, "volume": 19832808, "typical_volume": 16519438.3, "trend": 14.289515, "fair_value": 15.512545, "relative_strength": 7.952326, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.948577, "energy": 59.143456, "activity_lines": [ 14.997636, 14.674276, 14.304128, 14.34591 ] }, { "date": "2025-04-11", "close": 13.881497, "volume": 25369949, "typical_volume": 16944672.45, "trend": 14.35099, "fair_value": 15.442777, "relative_strength": 3.542265, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": 2.871708, "energy": 9.435755, "activity_lines": [ 14.639031, 14.581792, 14.273863, 14.319586 ] }, { "date": "2025-04-18", "close": 13.975695, "volume": 13607966, "typical_volume": 16957944.8, "trend": 14.403541, "fair_value": 15.369827, "relative_strength": 4.68353, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.594875, "energy": 6.551029, "activity_lines": [ 14.36702, 14.498594, 14.252804, 14.295373 ] }, { "date": "2025-04-25", "close": 14.367351, "volume": 19649686, "typical_volume": 17057911.2, "trend": 14.434609, "fair_value": 15.310128, "relative_strength": 5.864043, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.275808, "energy": 7.323042, "activity_lines": [ 14.313477, 14.484262, 14.270723, 14.293038 ] }, { "date": "2025-05-02", "close": 14.759007, "volume": 11166002, "typical_volume": 16526984.2, "trend": 14.417257, "fair_value": 15.260016, "relative_strength": 8.573453, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.124031, "energy": 8.615418, "activity_lines": [ 14.416597, 14.533928, 14.326367, 14.313967 ] }, { "date": "2025-05-09", "close": 14.92261, "volume": 15252328, "typical_volume": 15473636.95, "trend": 14.43494, "fair_value": 15.218893, "relative_strength": 7.057451, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 12.281123, "energy": 7.116612, "activity_lines": [ 14.572268, 14.601443, 14.398867, 14.346571 ] }, { "date": "2025-05-16", "close": 15.180409, "volume": 14652932, "typical_volume": 15103742.05, "trend": 14.424198, "fair_value": 15.18333, "relative_strength": 8.033771, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 26.541838, "energy": 27.143668, "activity_lines": [ 14.83866, 14.694377, 14.499107, 14.394665 ] }, { "date": "2025-05-23", "close": 16.236393, "volume": 34123691, "typical_volume": 16344801.1, "trend": 14.465677, "fair_value": 15.183616, "relative_strength": 15.697929, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 70.950652, "energy": 61.516154, "activity_lines": [ 15.370453, 14.970744, 14.694179, 14.511581 ] }, { "date": "2025-05-30", "close": 16.142197, "volume": 61381844, "typical_volume": 19030822.5, "trend": 14.473279, "fair_value": 15.180313, "relative_strength": 15.738935, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.632354, "energy": 65.534024, "activity_lines": [ 15.720134, 15.212859, 14.864133, 14.619744 ] }, { "date": "2025-06-06", "close": 17.883499, "volume": 46187984, "typical_volume": 20973987.3, "trend": 14.541238, "fair_value": 15.181894, "relative_strength": 25.699709, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.011163, "energy": 79.967918, "activity_lines": [ 16.531926, 15.746425, 15.184509, 14.839758 ] }, { "date": "2025-06-13", "close": 18.691593, "volume": 120362328, "typical_volume": 26704504.5, "trend": 14.667532, "fair_value": 15.186041, "relative_strength": 31.139015, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.529579, "energy": 84.016785, "activity_lines": [ 17.404783, 16.369568, 15.561019, 15.107523 ] }, { "date": "2025-06-20", "close": 18.192682, "volume": 63200188, "typical_volume": 29799265.5, "trend": 14.809585, "fair_value": 15.192374, "relative_strength": 28.241754, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.758201, "energy": 79.44161, "activity_lines": [ 17.860071, 16.840233, 15.865361, 15.334952 ] }, { "date": "2025-06-27", "close": 19.401312, "volume": 62989963, "typical_volume": 32636885.55, "trend": 14.978706, "fair_value": 15.203316, "relative_strength": 30.805245, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.174043, "energy": 83.095932, "activity_lines": [ 18.517417, 17.452263, 16.262227, 15.631192 ] }, { "date": "2025-07-04", "close": 17.890526, "volume": 47933645, "typical_volume": 34161207.65, "trend": 15.093171, "fair_value": 15.204562, "relative_strength": 18.436099, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.648319, "energy": 64.873639, "activity_lines": [ 18.460174, 17.690958, 16.488759, 15.819052 ] }, { "date": "2025-07-11", "close": 18.241871, "volume": 28334432, "typical_volume": 35043887.8, "trend": 15.200342, "fair_value": 15.205511, "relative_strength": 18.161079, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.445588, "energy": 52.911874, "activity_lines": [ 18.40349, 17.929476, 16.730086, 16.022194 ] }, { "date": "2025-07-18", "close": 20.25157, "volume": 55664315, "typical_volume": 37220983.35, "trend": 15.355665, "fair_value": 15.214396, "relative_strength": 27.610817, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.011613, "energy": 58.155483, "activity_lines": [ 18.992815, 18.470069, 17.143113, 16.348079 ] }, { "date": "2025-07-25", "close": 19.42942, "volume": 53070579, "typical_volume": 38857151.4, "trend": 15.537456, "fair_value": 15.226005, "relative_strength": 18.978381, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.405911, "energy": 51.095996, "activity_lines": [ 19.20409, 18.764289, 17.446844, 16.610902 ] }, { "date": "2025-08-01", "close": 18.747808, "volume": 21356090, "typical_volume": 38140216.9, "trend": 15.734204, "fair_value": 15.239341, "relative_strength": 16.075435, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.084695, "energy": 46.918694, "activity_lines": [ 19.105713, 18.857326, 17.663184, 16.818022 ] }, { "date": "2025-08-08", "close": 19.801846, "volume": 25361392, "typical_volume": 38064728.8, "trend": 15.964105, "fair_value": 15.265033, "relative_strength": 20.426834, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.57449, "energy": 49.546529, "activity_lines": [ 19.402249, 19.096344, 17.963464, 17.08045 ] }, { "date": "2025-08-15", "close": 19.183477, "volume": 29504938, "typical_volume": 38450153.0, "trend": 16.153232, "fair_value": 15.274941, "relative_strength": 11.149064, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.650851, "energy": 41.408278, "activity_lines": [ 19.36524, 19.156392, 18.180838, 17.288152 ] }, { "date": "2025-08-22", "close": 21.172094, "volume": 75035088, "typical_volume": 41210267.0, "trend": 16.40848, "fair_value": 15.301796, "relative_strength": 16.675157, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.40593, "energy": 46.908665, "activity_lines": [ 19.92833, 19.554371, 18.566394, 17.611949 ] }, { "date": "2025-08-29", "close": 21.221283, "volume": 65751735, "typical_volume": 43229356.3, "trend": 16.667517, "fair_value": 15.334471, "relative_strength": 11.719036, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.092589, "energy": 49.120781, "activity_lines": [ 20.446448, 19.916193, 18.928645, 17.922453 ] }, { "date": "2025-09-05", "close": 20.581835, "volume": 44728952, "typical_volume": 44785405.6, "trend": 16.892019, "fair_value": 15.363918, "relative_strength": 9.023858, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.727031, "energy": 44.808401, "activity_lines": [ 20.631959, 20.106687, 19.195045, 18.174989 ] }, { "date": "2025-09-12", "close": 21.579657, "volume": 48387562, "typical_volume": 46222299.4, "trend": 17.145649, "fair_value": 15.404178, "relative_strength": 11.128255, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.610378, "energy": 58.650938, "activity_lines": [ 21.027809, 20.457138, 19.525019, 18.477418 ] }, { "date": "2025-09-19", "close": 20.096977, "volume": 28816737, "typical_volume": 47104836.15, "trend": 17.345395, "fair_value": 15.441217, "relative_strength": 2.328436, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.127741, "energy": 43.481471, "activity_lines": [ 20.810912, 20.470937, 19.67944, 18.667826 ] }, { "date": "2025-09-26", "close": 20.314812, "volume": 24410294, "typical_volume": 47562734.45, "trend": 17.564466, "fair_value": 15.481923, "relative_strength": 2.191153, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.325692, "energy": 37.183867, "activity_lines": [ 20.605726, 20.490612, 19.829188, 18.859401 ] }, { "date": "2025-10-03", "close": 20.722372, "volume": 13603637, "typical_volume": 47510269.7, "trend": 17.764898, "fair_value": 15.521571, "relative_strength": 1.689342, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.799329, "energy": 35.196216, "activity_lines": [ 20.593546, 20.58324, 19.992075, 19.063137 ] }, { "date": "2025-10-10", "close": 21.347769, "volume": 19207645, "typical_volume": 46764467.4, "trend": 17.966676, "fair_value": 15.571698, "relative_strength": 5.873389, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.874581, "energy": 34.488902, "activity_lines": [ 20.823092, 20.766067, 20.188133, 19.29429 ] }, { "date": "2025-10-17", "close": 19.977518, "volume": 37194481, "typical_volume": 45555099.25, "trend": 18.140626, "fair_value": 15.615561, "relative_strength": 4.178613, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.555247, "energy": 25.371057, "activity_lines": [ 20.544826, 20.652487, 20.229351, 19.424022 ] }, { "date": "2025-10-24", "close": 19.056993, "volume": 27491955, "typical_volume": 44620297.8, "trend": 18.284884, "fair_value": 15.659526, "relative_strength": -5.137353, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.131414, "energy": 15.030247, "activity_lines": [ 20.066527, 20.368344, 20.164636, 19.483142 ] }, { "date": "2025-10-31", "close": 18.888348, "volume": 28591399, "typical_volume": 40031751.35, "trend": 18.404681, "fair_value": 15.699174, "relative_strength": -6.471424, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.997283, "energy": 9.605771, "activity_lines": [ 19.601345, 20.055838, 20.078272, 19.522075 ] }, { "date": "2025-11-07", "close": 18.747808, "volume": 17336881, "typical_volume": 37738586.0, "trend": 18.566891, "fair_value": 15.738856, "relative_strength": -7.321685, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.835211, "energy": 15.403047, "activity_lines": [ 19.184414, 19.759302, 19.977586, 19.544213 ] }, { "date": "2025-11-14", "close": 19.028887, "volume": 29703715, "typical_volume": 36074273.6, "trend": 18.735331, "fair_value": 15.780121, "relative_strength": -4.658727, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.381925, "energy": 17.653081, "activity_lines": [ 18.992814, 19.558843, 19.901026, 19.574019 ] }, { "date": "2025-11-21", "close": 17.293238, "volume": 25956988, "typical_volume": 34975440.75, "trend": 18.83286, "fair_value": 15.803822, "relative_strength": -8.7218, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -36.325519, "energy": 47.371779, "activity_lines": [ 18.377257, 19.071047, 19.66094, 19.480981 ] }, { "date": "2025-11-28", "close": 17.728905, "volume": 27941752, "typical_volume": 34955806.75, "trend": 18.931857, "fair_value": 15.813986, "relative_strength": -9.654225, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.341806, "energy": 50.518368, "activity_lines": [ 18.085873, 18.740399, 19.46519, 19.409758 ] }, { "date": "2025-12-05", "close": 17.897552, "volume": 25231443, "typical_volume": 33434163.15, "trend": 19.031022, "fair_value": 15.830456, "relative_strength": -9.954469, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.627966, "energy": 53.099433, "activity_lines": [ 17.939245, 18.483469, 19.287945, 19.343028 ] }, { "date": "2025-12-12", "close": 17.384588, "volume": 15878736, "typical_volume": 31574571.0, "trend": 19.104494, "fair_value": 15.839439, "relative_strength": -13.164233, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.297489, "energy": 60.240955, "activity_lines": [ 17.687682, 18.177223, 19.073055, 19.236807 ] }, { "date": "2025-12-19", "close": 19.06402, "volume": 61688940, "typical_volume": 33591213.5, "trend": 19.198749, "fair_value": 15.851754, "relative_strength": -3.902763, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.124129, "energy": 27.468411, "activity_lines": [ 18.08681, 18.237016, 19.027848, 19.234195 ] }, { "date": "2025-12-26", "close": 21.544521, "volume": 118834157, "typical_volume": 38264851.75, "trend": 19.378826, "fair_value": 15.868585, "relative_strength": 4.536206, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 19.384213, "energy": 14.777088, "activity_lines": [ 19.310431, 18.789332, 19.217374, 19.385536 ] }, { "date": "2026-01-02", "close": 19.914276, "volume": 39608957, "typical_volume": 38770052.7, "trend": 19.446519, "fair_value": 15.877113, "relative_strength": -3.025265, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -2.263161, "energy": 14.347278, "activity_lines": [ 19.707217, 19.016748, 19.24334, 19.420081 ] }, { "date": "2026-01-09", "close": 23.259089, "volume": 95773216, "typical_volume": 39806959.1, "trend": 19.598768, "fair_value": 15.907081, "relative_strength": 8.037541, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 48.614136, "energy": 42.694821, "activity_lines": [ 21.073249, 19.836725, 19.58438, 19.666053 ] }, { "date": "2026-01-16", "close": 22.043432, "volume": 57371207, "typical_volume": 39387932.7, "trend": 19.727127, "fair_value": 15.917749, "relative_strength": 0.964499, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 55.360833, "energy": 57.542291, "activity_lines": [ 21.676627, 20.356206, 19.799705, 19.823773 ] }, { "date": "2026-01-23", "close": 24.032049, "volume": 91542573, "typical_volume": 41728613.75, "trend": 19.881485, "fair_value": 15.946887, "relative_strength": 8.385089, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.386966, "energy": 78.63044, "activity_lines": [ 22.632288, 21.177333, 20.200507, 20.10151 ] }, { "date": "2026-01-30", "close": 23.645569, "volume": 167153000, "typical_volume": 47666885.65, "trend": 20.073319, "fair_value": 15.981541, "relative_strength": 7.937151, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.681038, "energy": 72.535876, "activity_lines": [ 23.127919, 21.837224, 20.548071, 20.344354 ] }, { "date": "2026-02-06", "close": 21.748301, "volume": 63701403, "typical_volume": 49411118.95, "trend": 20.1902, "fair_value": 15.999834, "relative_strength": 1.091164, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.164157, "energy": 50.188042, "activity_lines": [ 22.851059, 22.036661, 20.705106, 20.452418 ] }, { "date": "2026-02-13", "close": 22.781258, "volume": 74455948, "typical_volume": 51913401.65, "trend": 20.274523, "fair_value": 16.015138, "relative_strength": 4.031042, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.039184, "energy": 39.640139, "activity_lines": [ 22.796249, 22.350828, 20.952654, 20.619583 ] }, { "date": "2026-02-27", "close": 25.866074, "volume": 64028879, "typical_volume": 54434663.75, "trend": 20.489079, "fair_value": 16.052269, "relative_strength": 14.191225, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.982696, "energy": 47.351888, "activity_lines": [ 23.801566, 23.137076, 21.482249, 20.980328 ] }, { "date": "2026-03-06", "close": 23.034227, "volume": 73896854, "typical_volume": 57169124.2, "trend": 20.631959, "fair_value": 16.081387, "relative_strength": 3.582264, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.186093, "energy": 35.442654, "activity_lines": [ 23.608092, 23.254233, 21.717651, 21.144531 ] }, { "date": "2026-03-13", "close": 21.396955, "volume": 38989774, "typical_volume": 57258888.85, "trend": 20.685129, "fair_value": 16.099636, "relative_strength": -4.674729, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.824783, "energy": 26.52444, "activity_lines": [ 22.935381, 23.00152, 21.789091, 21.193886 ] }, { "date": "2026-03-20", "close": 19.211584, "volume": 31085183, "typical_volume": 57438550.25, "trend": 20.686066, "fair_value": 16.10397, "relative_strength": -11.843489, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 17.200638, "energy": 9.694223, "activity_lines": [ 21.684122, 22.354149, 21.645642, 21.098818 ] }, { "date": "2026-03-27", "close": 19.541849, "volume": 36057845, "typical_volume": 57811872.55, "trend": 20.631725, "fair_value": 16.110701, "relative_strength": -9.681659, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.829444, "energy": 17.164669, "activity_lines": [ 20.712065, 21.779603, 21.53291, 21.024998 ] }, { "date": "2026-04-03", "close": 19.099155, "volume": 18284293, "typical_volume": 57859243.15, "trend": 20.560987, "fair_value": 16.11052, "relative_strength": -9.080448, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.646679, "energy": 26.441814, "activity_lines": [ 19.808404, 21.192153, 21.374904, 20.926122 ] }, { "date": "2026-04-10", "close": 20.504538, "volume": 16644473, "typical_volume": 57206281.05, "trend": 20.558411, "fair_value": 16.105942, "relative_strength": -8.867954, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.399861, "energy": 24.085659, "activity_lines": [ 19.824332, 20.913759, 21.349072, 20.92248 ] }, { "date": "2026-04-17", "close": 21.326687, "volume": 21465434, "typical_volume": 56981703.35, "trend": 20.549978, "fair_value": 16.118391, "relative_strength": -8.905038, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -12.397767, "energy": 17.863313, "activity_lines": [ 20.282956, 20.848984, 21.394513, 20.972046 ] }, { "date": "2026-04-24", "close": 20.919125, "volume": 23839523, "typical_volume": 56776591.9, "trend": 20.577383, "fair_value": 16.126797, "relative_strength": -10.942996, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.780405, "energy": 9.402521, "activity_lines": [ 20.61041, 20.752268, 21.381931, 20.995862 ] }, { "date": "2026-05-01", "close": 21.86776, "volume": 39349226, "typical_volume": 57482481.05, "trend": 20.629148, "fair_value": 16.128748, "relative_strength": -7.933648, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.567093, "energy": 16.131586, "activity_lines": [ 21.140239, 20.843107, 21.444505, 21.079113 ] }, { "date": "2026-05-08", "close": 22.633692, "volume": 24878273, "typical_volume": 57932457.9, "trend": 20.692859, "fair_value": 16.143137, "relative_strength": -7.460997, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.953441, "energy": 27.151324, "activity_lines": [ 21.770319, 21.089816, 21.561118, 21.208438 ] }, { "date": "2026-05-15", "close": 21.495333, "volume": 35595628, "typical_volume": 56627792.3, "trend": 20.697778, "fair_value": 16.151597, "relative_strength": -12.00218, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 34.454686, "energy": 23.081367, "activity_lines": [ 21.78531, 21.18832, 21.54432, 21.26021 ] }, { "date": "2026-05-22", "close": 25.093111, "volume": 80597250, "typical_volume": 54715946.95, "trend": 20.868297, "fair_value": 16.188035, "relative_strength": 2.342415, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 73.524091, "energy": 59.383408, "activity_lines": [ 22.933507, 21.968946, 21.85859, 21.54378 ] }, { "date": "2026-05-29", "close": 23.049999, "volume": 58801417, "typical_volume": 55675569.95, "trend": 21.001398, "fair_value": 16.21573, "relative_strength": -5.715324, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.215239, "energy": 55.123396, "activity_lines": [ 23.149572, 22.310895, 21.96138, 21.684535 ] }, { "date": "2026-06-05", "close": 22.879999, "volume": 9176144, "typical_volume": 51345716.35, "trend": 21.134453, "fair_value": 16.234373, "relative_strength": -4.686421, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.566771, "energy": 52.899824, "activity_lines": [ 23.166912, 22.552144, 22.033048, 21.805735 ] }, { "date": "2026-06-12", "close": 22.120001, "volume": 9752924, "typical_volume": 48964802.2, "trend": 21.246859, "fair_value": 16.25057, "relative_strength": -5.366553, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.738033, "energy": 44.821252, "activity_lines": [ 22.863437, 22.594519, 22.03414, 21.869319 ] }, { "date": "2026-06-19", "close": 23.75, "volume": 38693031, "typical_volume": 46322325.1, "trend": 21.40423, "fair_value": 16.273991, "relative_strength": -4.729703, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.323523, "energy": 32.524488, "activity_lines": [ 23.137541, 22.878333, 22.190105, 22.030812 ] }, { "date": "2026-06-26", "close": 21.370001, "volume": 9387505, "typical_volume": 38434050.35, "trend": 21.540122, "fair_value": 16.295164, "relative_strength": -12.424299, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 25.108571, "energy": 12.400056, "activity_lines": [ 22.468, 22.670411, 22.120747, 22.028604 ] }, { "date": "2026-07-03", "close": 19.93, "volume": 11073629, "typical_volume": 35802661.65, "trend": 21.613492, "fair_value": 16.312604, "relative_strength": -16.745708, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.721959, "energy": 14.859027, "activity_lines": [ 21.566667, 22.199883, 21.925082, 21.924725 ] }, { "date": "2026-07-10", "close": 17.719999, "volume": 35421596, "typical_volume": 33850944.05, "trend": 21.607573, "fair_value": 16.317166, "relative_strength": -22.759873, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -47.040751, "energy": 45.18917, "activity_lines": [ 20.136667, 21.345522, 21.5276, 21.673532 ] }, { "date": "2026-07-17", "close": 17.01, "volume": 27341559, "typical_volume": 32016578.05, "trend": 21.595087, "fair_value": 16.313972, "relative_strength": -18.12766, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -78.07459, "energy": 75.928504, "activity_lines": [ 18.814, 20.437483, 21.086599, 21.376914 ] }, { "date": "2026-07-24", "close": 16.620001, "volume": 35525093, "typical_volume": 30097990.0, "trend": 21.51362, "fair_value": 16.306487, "relative_strength": -19.737632, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.583517, "energy": 82.096602, "activity_lines": [ 17.702, 19.560784, 20.650628, 21.055941 ] }, { "date": "2026-07-31", "close": 17.43, "volume": 19359203, "typical_volume": 29116461.45, "trend": 21.376469, "fair_value": 16.302184, "relative_strength": -14.111355, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.986376, "energy": 79.524049, "activity_lines": [ 17.335333, 18.92, 20.322343, 20.792482 ] }, { "date": "2026-08-07", "close": 22.82, "volume": 96000562, "typical_volume": 32362230.4, "trend": 21.473326, "fair_value": 16.337239, "relative_strength": 6.84905, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.773824, "energy": 34.035257, "activity_lines": [ 19.028, 19.398546, 20.526282, 20.885613 ] } ], "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." } } }