{ "ticker": { "uuid": "8aa2e9af-9cd9-4859-8a8a-575a1712c238", "symbol": "301048", "name": "Gemac Engineering Machinery Co., Ltd.", "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": 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": -50.756, "architecture_energy": 46.491, "architecture_maturity": 99.654, "architecture_confidence": 65.202, "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": 16.73, "rotation_up": 26.34, "upward_expansion": 19.23, "deceleration": 66.79, "rotation_down": 45.19, "downward_expansion": 69.23 }, "activity_lines": [ 8.802732, 8.783092, 9.298804, 9.735673 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 9.06, "trend_reference": 10.336763, "distance_from_trend": -0.123517, "trend_direction": "Weakening", "fair_value": 10.103555, "distance_from_fair_value": -0.103286, "fair_value_direction": "Weakening", "relative_strength": -21.821916, "relative_strength_direction": "Weakening", "price_momentum": -0.227621, "excess_performance": -0.235021, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.123517, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.090047, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.103286, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.184434, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.218219, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.014014, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.227621, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.452125, "read": "Supply-led" } ], "volume": { "latest": 21656989, "relative_activity": 0.672429, "balance": 0.452125, "dry_up": 0.618589, "accumulation_observations": 0, "distribution_observations": 0 }, "risk": { "range_context": 0.065721, "annualized_volatility": 0.284467, "from_high_reference": -0.440741, "from_low_reference": 0.097132 }, "levels": { "trend_reference": 10.336763, "fair_value_reference": 10.103555, "structural_low": 8.257892, "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": 17, "median_return": 0.001104, "positive_rate": 0.529412, "directional_follow_through": 0.470588, "median_excess_return": -0.032366, "regime_survival": 0.882353, "best_return": 0.143603, "worst_return": -0.15508, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": -0.035339, "positive_rate": 0.2, "directional_follow_through": 0.8, "median_excess_return": -0.121547, "regime_survival": 0.8, "best_return": 0.100811, "worst_return": -0.183929, "sufficient": true }, { "horizon": "Extended", "sample_count": 2, "median_return": -0.036047, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.071935, "regime_survival": 0.5, "best_return": 0.092184, "worst_return": -0.164279, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": -0.087239, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.15731, "regime_survival": 0.0, "best_return": -0.087239, "worst_return": -0.087239, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-11", "end": "2024-11-08", "tenure": "Developing", "return": 0.032158, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-15", "end": "2025-01-17", "tenure": "Developing", "return": -0.170048, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-24", "end": "2025-02-07", "tenure": "New", "return": 0.019473, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-02-14", "end": "2025-02-21", "tenure": "New", "return": 0.032366, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-28", "end": "2025-04-04", "tenure": "Developing", "return": 0.086093, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-04-11", "end": "2025-04-25", "tenure": "New", "return": -0.117255, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-02", "end": "2025-06-06", "tenure": "Developing", "return": 0.167579, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-13", "end": "2025-09-26", "tenure": "Established", "return": 0.125791, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-03", "end": "2025-11-07", "tenure": "Developing", "return": 0.09471, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-14", "end": "2025-11-28", "tenure": "New", "return": -0.1059, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-05", "end": "2025-12-12", "tenure": "New", "return": -0.021739, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-12-19", "end": "2026-01-16", "tenure": "Developing", "return": 0.030756, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-23", "end": "2026-03-06", "tenure": "Developing", "return": -0.061932, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-13", "end": "2026-08-07", "tenure": "Established", "return": -0.191071, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 11.919924, "volume": 25945875, "typical_volume": 76470798.75, "trend": 10.933463, "fair_value": 11.468186, "relative_strength": 18.981641, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 30.167712, "energy": 18.388394, "activity_lines": [ 12.140129, 12.45603, 12.262413, 11.735632 ] }, { "date": "2023-08-04", "close": 11.405964, "volume": 30433375, "typical_volume": 75495874.8, "trend": 11.034013, "fair_value": 11.467564, "relative_strength": 12.129392, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.834997, "energy": 15.768275, "activity_lines": [ 11.786962, 12.259938, 12.223266, 11.766116 ] }, { "date": "2023-08-11", "close": 10.990841, "volume": 19741252, "typical_volume": 74471955.1, "trend": 11.111863, "fair_value": 11.462844, "relative_strength": 11.968733, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -4.179032, "energy": 18.95824, "activity_lines": [ 11.452088, 11.986339, 12.139692, 11.763331 ] }, { "date": "2023-08-18", "close": 11.91004, "volume": 54663669, "typical_volume": 76240301.1, "trend": 11.221666, "fair_value": 11.467228, "relative_strength": 24.532197, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.290754, "energy": 15.000993, "activity_lines": [ 11.529182, 11.909554, 12.138447, 11.814826 ] }, { "date": "2023-08-25", "close": 10.259437, "volume": 75547034, "typical_volume": 79077462.85, "trend": 11.267915, "fair_value": 11.455502, "relative_strength": 10.273933, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.456265, "energy": 34.440903, "activity_lines": [ 11.109448, 11.54975, 11.968348, 11.752747 ] }, { "date": "2023-09-01", "close": 11.850736, "volume": 51678978, "typical_volume": 80872420.75, "trend": 11.359986, "fair_value": 11.459302, "relative_strength": 22.451883, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.003771, "energy": 24.511568, "activity_lines": [ 11.293946, 11.519931, 11.947227, 11.790348 ] }, { "date": "2023-09-08", "close": 11.643175, "volume": 54797819, "typical_volume": 78113046.0, "trend": 11.43923, "fair_value": 11.461054, "relative_strength": 21.566475, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.529921, "energy": 11.70925, "activity_lines": [ 11.41387, 11.477884, 11.896092, 11.808618 ] }, { "date": "2023-09-15", "close": 10.980958, "volume": 29582695, "typical_volume": 68713483.6, "trend": 11.497058, "fair_value": 11.456524, "relative_strength": 15.540692, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.543875, "energy": 17.224294, "activity_lines": [ 11.297241, 11.353848, 11.787448, 11.779052 ] }, { "date": "2023-09-22", "close": 11.445498, "volume": 33501245, "typical_volume": 67147497.5, "trend": 11.555271, "fair_value": 11.456421, "relative_strength": 19.397929, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.059747, "energy": 10.73367, "activity_lines": [ 11.336117, 11.343246, 11.73115, 11.775726 ] }, { "date": "2023-09-29", "close": 11.959459, "volume": 41240505, "typical_volume": 60666158.0, "trend": 11.615846, "fair_value": 11.461079, "relative_strength": 24.680968, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.889173, "energy": 3.439198, "activity_lines": [ 11.577283, 11.449093, 11.732787, 11.801803 ] }, { "date": "2023-10-13", "close": 10.882119, "volume": 42377909, "typical_volume": 59082353.3, "trend": 11.655608, "fair_value": 11.455767, "relative_strength": 13.203705, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.000583, "energy": 16.142451, "activity_lines": [ 11.346001, 11.348277, 11.631044, 11.754465 ] }, { "date": "2023-10-20", "close": 10.081527, "volume": 26865894, "typical_volume": 57204357.95, "trend": 11.645708, "fair_value": 11.443274, "relative_strength": 9.639573, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -38.734346, "energy": 36.671735, "activity_lines": [ 10.912429, 11.120769, 11.457032, 11.652912 ] }, { "date": "2023-10-27", "close": 10.348392, "volume": 20196343, "typical_volume": 50741751.3, "trend": 11.660787, "fair_value": 11.433411, "relative_strength": 9.535349, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.256921, "energy": 55.045877, "activity_lines": [ 10.671923, 10.965862, 11.314212, 11.569214 ] }, { "date": "2023-11-03", "close": 10.328623, "volume": 18461223, "typical_volume": 46555322.25, "trend": 11.689648, "fair_value": 11.423546, "relative_strength": 7.91247, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.671176, "energy": 63.843929, "activity_lines": [ 10.466997, 10.819042, 11.180343, 11.483268 ] }, { "date": "2023-11-10", "close": 10.358274, "volume": 16488212, "typical_volume": 43788477.35, "trend": 11.710964, "fair_value": 11.414119, "relative_strength": 6.398617, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.971487, "energy": 64.028097, "activity_lines": [ 10.346414, 10.706366, 11.061305, 11.397373 ] }, { "date": "2023-11-17", "close": 10.585604, "volume": 14618951, "typical_volume": 41528574.8, "trend": 11.740514, "fair_value": 11.406852, "relative_strength": 8.238335, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.947075, "energy": 51.654536, "activity_lines": [ 10.408353, 10.633226, 10.974095, 11.324769 ] }, { "date": "2023-11-24", "close": 10.585604, "volume": 17705011, "typical_volume": 36797375.9, "trend": 11.666345, "fair_value": 11.39971, "relative_strength": 9.353307, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.991163, "energy": 36.984307, "activity_lines": [ 10.49006, 10.583088, 10.899591, 11.250259 ] }, { "date": "2023-12-01", "close": 10.615255, "volume": 11955839, "typical_volume": 33573525.45, "trend": 11.59743, "fair_value": 11.392948, "relative_strength": 10.406682, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.798206, "energy": 33.658195, "activity_lines": [ 10.548045, 10.557569, 10.843007, 11.182446 ] }, { "date": "2023-12-08", "close": 10.170482, "volume": 15236833, "typical_volume": 31987847.45, "trend": 11.492028, "fair_value": 11.382499, "relative_strength": 7.236392, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.652319, "energy": 39.235828, "activity_lines": [ 10.439982, 10.457832, 10.753394, 11.090385 ] }, { "date": "2023-12-15", "close": 10.308856, "volume": 14270352, "typical_volume": 30765450.7, "trend": 11.442441, "fair_value": 11.373401, "relative_strength": 10.090958, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.883383, "energy": 42.060542, "activity_lines": [ 10.388586, 10.406436, 10.689055, 11.014052 ] }, { "date": "2023-12-22", "close": 10.229785, "volume": 14026734, "typical_volume": 30169493.65, "trend": 11.392844, "fair_value": 11.36379, "relative_strength": 10.618749, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.414679, "energy": 50.177374, "activity_lines": [ 10.314127, 10.370675, 10.622221, 10.935816 ] }, { "date": "2023-12-29", "close": 10.417578, "volume": 14548091, "typical_volume": 29375229.45, "trend": 11.36362, "fair_value": 11.355905, "relative_strength": 8.422214, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.11183, "energy": 42.953692, "activity_lines": [ 10.325988, 10.380918, 10.581321, 10.872895 ] }, { "date": "2024-01-05", "close": 10.200133, "volume": 9467474, "typical_volume": 28861540.55, "trend": 11.282838, "fair_value": 11.346353, "relative_strength": 10.189019, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.006845, "energy": 39.193787, "activity_lines": [ 10.276568, 10.345516, 10.524418, 10.797832 ] }, { "date": "2024-01-12", "close": 10.071643, "volume": 11727267, "typical_volume": 26714720.45, "trend": 11.190223, "fair_value": 11.335905, "relative_strength": 9.512017, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.329266, "energy": 45.465433, "activity_lines": [ 10.211994, 10.289447, 10.459043, 10.71969 ] }, { "date": "2024-01-19", "close": 9.241401, "volume": 11598095, "typical_volume": 23517273.5, "trend": 11.08175, "fair_value": 11.318877, "relative_strength": 2.318541, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.576352, "energy": 75.324328, "activity_lines": [ 9.877261, 10.087098, 10.323352, 10.59396 ] }, { "date": "2024-01-26", "close": 9.982689, "volume": 35128989, "typical_volume": 22689774.05, "trend": 10.972713, "fair_value": 11.308101, "relative_strength": 10.020831, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.219473, "energy": 58.469081, "activity_lines": [ 9.860788, 10.039835, 10.263108, 10.523052 ] }, { "date": "2024-02-02", "close": 8.707672, "volume": 61659266, "typical_volume": 23032846.4, "trend": 10.804436, "fair_value": 11.287297, "relative_strength": 3.730192, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.313065, "energy": 73.197472, "activity_lines": [ 9.435783, 9.771714, 10.090329, 10.376921 ] }, { "date": "2024-02-09", "close": 8.253015, "volume": 38664284, "typical_volume": 23486925.85, "trend": 10.660391, "fair_value": 11.263216, "relative_strength": -10.510721, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.188905, "energy": 78.615453, "activity_lines": [ 8.973218, 9.455071, 9.888227, 10.212313 ] }, { "date": "2024-02-23", "close": 8.865813, "volume": 30078542, "typical_volume": 23315790.7, "trend": 10.532231, "fair_value": 11.244339, "relative_strength": -6.852801, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.871948, "energy": 55.369471, "activity_lines": [ 8.844728, 9.292796, 9.757478, 10.096534 ] }, { "date": "2024-03-01", "close": 9.014071, "volume": 50131212, "typical_volume": 23760326.05, "trend": 10.453819, "fair_value": 11.226915, "relative_strength": -9.238715, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.860968, "energy": 56.273735, "activity_lines": [ 8.846046, 9.181198, 9.653133, 9.998588 ] }, { "date": "2024-03-08", "close": 9.607103, "volume": 60628397, "typical_volume": 24672850.45, "trend": 10.376725, "fair_value": 11.214358, "relative_strength": -2.948401, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.946904, "energy": 40.662516, "activity_lines": [ 9.060196, 9.200966, 9.619293, 9.943961 ] }, { "date": "2024-03-15", "close": 9.290818, "volume": 56207892, "typical_volume": 26139950.35, "trend": 10.30622, "fair_value": 11.199561, "relative_strength": -8.707015, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.815147, "energy": 26.099796, "activity_lines": [ 9.193957, 9.174549, 9.561401, 9.873903 ] }, { "date": "2024-03-22", "close": 9.014071, "volume": 28232850, "typical_volume": 26541775.7, "trend": 10.240328, "fair_value": 11.182878, "relative_strength": -11.143664, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.642946, "energy": 23.81592, "activity_lines": [ 9.196593, 9.118301, 9.480918, 9.790538 ] }, { "date": "2024-03-29", "close": 8.816395, "volume": 17678852, "typical_volume": 26502657.15, "trend": 10.137206, "fair_value": 11.16495, "relative_strength": -11.597763, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.816175, "energy": 25.070016, "activity_lines": [ 9.082599, 9.047676, 9.387963, 9.698671 ] }, { "date": "2024-04-05", "close": 8.98442, "volume": 13478008, "typical_volume": 26352146.95, "trend": 10.094706, "fair_value": 11.148555, "relative_strength": -11.416977, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.531354, "energy": 29.764585, "activity_lines": [ 9.027909, 9.030425, 9.318212, 9.624298 ] }, { "date": "2024-04-12", "close": 9.033839, "volume": 26780265, "typical_volume": 26960212.65, "trend": 10.000809, "fair_value": 11.132774, "relative_strength": -8.160342, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.938602, "energy": 29.426981, "activity_lines": [ 8.991668, 9.02683, 9.259709, 9.555855 ] }, { "date": "2024-04-19", "close": 9.251284, "volume": 54926401, "typical_volume": 28821282.15, "trend": 9.921079, "fair_value": 11.118837, "relative_strength": -6.779922, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.229771, "energy": 25.177886, "activity_lines": [ 9.066126, 9.080024, 9.229304, 9.507499 ] }, { "date": "2024-04-26", "close": 8.648369, "volume": 36092445, "typical_volume": 30028112.45, "trend": 9.843326, "fair_value": 11.100672, "relative_strength": -14.694532, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.51167, "energy": 28.434277, "activity_lines": [ 8.942249, 9.013712, 9.147833, 9.425388 ] }, { "date": "2024-05-03", "close": 8.648369, "volume": 9808590, "typical_volume": 29756700.3, "trend": 9.750089, "fair_value": 11.082772, "relative_strength": -15.461957, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.036796, "energy": 30.207088, "activity_lines": [ 8.842751, 8.940212, 9.075728, 9.348294 ] }, { "date": "2024-05-10", "close": 9.310587, "volume": 79309912, "typical_volume": 33008678.3, "trend": 9.661793, "fair_value": 11.06993, "relative_strength": -10.074484, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.057882, "energy": 23.439288, "activity_lines": [ 8.975195, 8.991069, 9.073939, 9.319939 ] }, { "date": "2024-05-17", "close": 9.528032, "volume": 52921788, "typical_volume": 34953431.0, "trend": 9.616657, "fair_value": 11.058837, "relative_strength": -7.414185, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.008789, "energy": 13.469532, "activity_lines": [ 9.158376, 9.07607, 9.097613, 9.31131 ] }, { "date": "2024-05-24", "close": 8.875697, "volume": 25509712, "typical_volume": 35501512.05, "trend": 9.576462, "fair_value": 11.043243, "relative_strength": -10.936177, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.963744, "energy": 15.917141, "activity_lines": [ 9.091165, 9.043903, 9.062502, 9.263506 ] }, { "date": "2024-05-31", "close": 9.023955, "volume": 16187838, "typical_volume": 35837530.25, "trend": 9.532315, "fair_value": 11.028922, "relative_strength": -8.71224, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.237811, "energy": 15.46841, "activity_lines": [ 9.098413, 9.046239, 9.048853, 9.22786 ] }, { "date": "2024-06-07", "close": 9.251284, "volume": 27286888, "typical_volume": 36615511.3, "trend": 9.496403, "fair_value": 11.016403, "relative_strength": -5.251762, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.575327, "energy": 9.411591, "activity_lines": [ 9.156399, 9.089728, 9.062455, 9.209729 ] }, { "date": "2024-06-14", "close": 8.638485, "volume": 19622256, "typical_volume": 37016719.35, "trend": 9.439077, "fair_value": 10.999775, "relative_strength": -11.148184, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.285417, "energy": 25.320383, "activity_lines": [ 8.969923, 9.013892, 9.021602, 9.15438 ] }, { "date": "2024-06-21", "close": 8.529762, "volume": 13354577, "typical_volume": 35927998.75, "trend": 9.370549, "fair_value": 10.982622, "relative_strength": -10.041837, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.266004, "energy": 35.03357, "activity_lines": [ 8.792014, 8.924577, 8.973265, 9.095714 ] }, { "date": "2024-06-28", "close": 8.203596, "volume": 14555165, "typical_volume": 33572793.7, "trend": 9.291149, "fair_value": 10.963456, "relative_strength": -11.077287, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -64.153488, "energy": 51.578962, "activity_lines": [ 8.571934, 8.785125, 8.900784, 9.020427 ] }, { "date": "2024-07-05", "close": 8.173944, "volume": 15735428, "typical_volume": 32426350.9, "trend": 9.209772, "fair_value": 10.94435, "relative_strength": -9.406269, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.680574, "energy": 59.52096, "activity_lines": [ 8.386776, 8.659331, 8.827878, 8.948349 ] }, { "date": "2024-07-12", "close": 7.966384, "volume": 11224324, "typical_volume": 31483640.0, "trend": 9.136302, "fair_value": 10.924092, "relative_strength": -12.725024, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.639928, "energy": 65.288333, "activity_lines": [ 8.1891, 8.504424, 8.735582, 8.868131 ] }, { "date": "2024-07-19", "close": 8.598949, "volume": 23778150, "typical_volume": 30165986.9, "trend": 9.079305, "fair_value": 10.908381, "relative_strength": -5.983613, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.036986, "energy": 50.982643, "activity_lines": [ 8.287938, 8.476929, 8.707813, 8.833463 ] }, { "date": "2024-07-26", "close": 8.481165, "volume": 36669595, "typical_volume": 28968046.8, "trend": 9.021017, "fair_value": 10.892091, "relative_strength": -3.680621, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.278527, "energy": 33.538994, "activity_lines": [ 8.35015, 8.440957, 8.670803, 8.794873 ] }, { "date": "2024-08-02", "close": 8.580592, "volume": 37514003, "typical_volume": 28033352.35, "trend": 8.959785, "fair_value": 10.876681, "relative_strength": -1.965593, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.982332, "energy": 22.120965, "activity_lines": [ 8.448745, 8.442097, 8.648625, 8.766458 ] }, { "date": "2024-08-09", "close": 8.232596, "volume": 18129748, "typical_volume": 27528197.25, "trend": 8.8942, "fair_value": 10.859171, "relative_strength": -3.982386, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.463602, "energy": 21.438757, "activity_lines": [ 8.406208, 8.385331, 8.596685, 8.719543 ] }, { "date": "2024-08-16", "close": 7.77523, "volume": 15801581, "typical_volume": 27434333.7, "trend": 8.817653, "fair_value": 10.838882, "relative_strength": -8.696702, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.440172, "energy": 35.842693, "activity_lines": [ 8.207306, 8.259795, 8.504909, 8.647351 ] }, { "date": "2024-08-23", "close": 7.626089, "volume": 14031607, "typical_volume": 27462013.65, "trend": 8.763809, "fair_value": 10.817883, "relative_strength": -8.463496, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.698956, "energy": 53.818321, "activity_lines": [ 7.971433, 8.133981, 8.403886, 8.570476 ] }, { "date": "2024-08-30", "close": 7.616146, "volume": 11446606, "typical_volume": 26695330.7, "trend": 8.684924, "fair_value": 10.797092, "relative_strength": -10.021788, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.243216, "energy": 64.610029, "activity_lines": [ 7.797104, 8.024765, 8.308385, 8.496434 ] }, { "date": "2024-09-06", "close": 7.367577, "volume": 8929448, "typical_volume": 24395483.05, "trend": 8.640255, "fair_value": 10.774967, "relative_strength": -10.446719, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.699997, "energy": 74.029697, "activity_lines": [ 7.597586, 7.886967, 8.195961, 8.411443 ] }, { "date": "2024-09-13", "close": 7.695688, "volume": 19940506, "typical_volume": 23587886.1, "trend": 8.621677, "fair_value": 10.755228, "relative_strength": -4.427299, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.062123, "energy": 66.492951, "activity_lines": [ 7.588306, 7.824025, 8.123756, 8.350504 ] }, { "date": "2024-09-20", "close": 7.954199, "volume": 20875000, "typical_volume": 24141206.6, "trend": 8.59129, "fair_value": 10.713722, "relative_strength": -2.062074, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.799983, "energy": 41.641204, "activity_lines": [ 7.700991, 7.816781, 8.080708, 8.30744 ] }, { "date": "2024-09-27", "close": 8.709848, "volume": 35353236, "typical_volume": 21943372.8, "trend": 8.581149, "fair_value": 10.679746, "relative_strength": -8.69342, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.086248, "energy": 14.928624, "activity_lines": [ 8.053627, 7.947149, 8.112931, 8.315089 ] }, { "date": "2024-10-04", "close": 9.853264, "volume": 20043833, "typical_volume": 20299475.05, "trend": 8.589354, "fair_value": 10.622434, "relative_strength": -6.323558, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 36.197937, "energy": 32.192424, "activity_lines": [ 8.715151, 8.283395, 8.256913, 8.397161 ] }, { "date": "2024-10-11", "close": 9.58481, "volume": 79285740, "typical_volume": 22988276.45, "trend": 8.599154, "fair_value": 10.5827, "relative_strength": -4.202972, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 31.266774, "energy": 37.060423, "activity_lines": [ 9.138049, 8.545883, 8.373778, 8.461384 ] }, { "date": "2024-10-18", "close": 9.793609, "volume": 42893137, "typical_volume": 24323541.4, "trend": 8.625139, "fair_value": 10.549987, "relative_strength": -4.672891, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.492404, "energy": 56.1337, "activity_lines": [ 9.482731, 8.828077, 8.507152, 8.538446 ] }, { "date": "2024-10-25", "close": 9.843321, "volume": 41750074, "typical_volume": 25046700.7, "trend": 8.65937, "fair_value": 10.520154, "relative_strength": -6.324475, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 42.094579, "energy": 67.274048, "activity_lines": [ 9.704123, 9.090927, 8.641596, 8.617038 ] }, { "date": "2024-11-01", "close": 9.445612, "volume": 31338230, "typical_volume": 25632499.4, "trend": 8.674743, "fair_value": 10.490145, "relative_strength": -8.419214, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.610457, "energy": 60.53242, "activity_lines": [ 9.667004, 9.243864, 8.735344, 8.667764 ] }, { "date": "2024-11-08", "close": 9.893035, "volume": 35641807, "typical_volume": 26746860.9, "trend": 8.703383, "fair_value": 10.461068, "relative_strength": -9.865587, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 67.47618, "energy": 62.989371, "activity_lines": [ 9.729974, 9.445069, 8.86786, 8.746363 ] }, { "date": "2024-11-15", "close": 10.290746, "volume": 55612204, "typical_volume": 28799712.85, "trend": 8.738031, "fair_value": 10.433915, "relative_strength": -2.488177, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.944842, "energy": 56.577802, "activity_lines": [ 9.922864, 9.677187, 9.031761, 8.848774 ] }, { "date": "2024-11-22", "close": 9.485383, "volume": 81160268, "typical_volume": 32070954.85, "trend": 8.765932, "fair_value": 10.403848, "relative_strength": -7.171746, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.942353, "energy": 40.583046, "activity_lines": [ 9.800237, 9.709727, 9.109022, 8.89699 ] }, { "date": "2024-11-29", "close": 10.072005, "volume": 34215420, "typical_volume": 33220509.65, "trend": 8.813386, "fair_value": 10.391345, "relative_strength": -2.795819, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.655133, "energy": 42.689194, "activity_lines": [ 9.893698, 9.816386, 9.235907, 8.981253 ] }, { "date": "2024-12-06", "close": 10.250975, "volume": 36332442, "typical_volume": 33848224.25, "trend": 8.844733, "fair_value": 10.377615, "relative_strength": -2.442234, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.283063, "energy": 42.765273, "activity_lines": [ 10.031571, 9.917079, 9.36981, 9.074 ] }, { "date": "2024-12-13", "close": 9.863207, "volume": 34773073, "typical_volume": 33753398.15, "trend": 8.855905, "fair_value": 10.356215, "relative_strength": -5.177377, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.95378, "energy": 34.788713, "activity_lines": [ 9.986497, 9.919248, 9.458916, 9.139708 ] }, { "date": "2024-12-20", "close": 9.684237, "volume": 18824762, "typical_volume": 32818936.1, "trend": 8.882856, "fair_value": 10.326549, "relative_strength": -5.965236, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.413122, "energy": 29.432601, "activity_lines": [ 9.883755, 9.888697, 9.524396, 9.193149 ] }, { "date": "2024-12-27", "close": 10.111776, "volume": 83080602, "typical_volume": 36066478.8, "trend": 8.919117, "fair_value": 10.301122, "relative_strength": -1.62238, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.280952, "energy": 32.518931, "activity_lines": [ 9.96396, 9.934072, 9.625339, 9.272434 ] }, { "date": "2025-01-03", "close": 8.451337, "volume": 34627074, "typical_volume": 37007753.45, "trend": 8.892452, "fair_value": 10.255746, "relative_strength": -11.013493, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 13.723448, "energy": 12.228985, "activity_lines": [ 9.448926, 9.671764, 9.559196, 9.242255 ] }, { "date": "2025-01-10", "close": 8.232596, "volume": 18457542, "typical_volume": 37229050.2, "trend": 8.878923, "fair_value": 10.213152, "relative_strength": -11.929875, "stage": 4, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -8.76724, "energy": 20.050639, "activity_lines": [ 8.969022, 9.394994, 9.469001, 9.199683 ] }, { "date": "2025-01-17", "close": 8.540822, "volume": 15103646, "typical_volume": 37411902.2, "trend": 8.879291, "fair_value": 10.176656, "relative_strength": -11.419861, "stage": 4, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -21.723732, "energy": 32.174325, "activity_lines": [ 8.72642, 9.19632, 9.405273, 9.177871 ] }, { "date": "2025-01-24", "close": 8.680019, "volume": 14928440, "typical_volume": 37711851.8, "trend": 8.895172, "fair_value": 10.141364, "relative_strength": -10.748603, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.916932, "energy": 40.795425, "activity_lines": [ 8.618375, 9.04754, 9.350398, 9.165014 ] }, { "date": "2025-01-31", "close": 8.650191, "volume": 2891093, "typical_volume": 36859381.15, "trend": 8.911047, "fair_value": 10.11144, "relative_strength": -9.32782, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.689601, "energy": 47.052661, "activity_lines": [ 8.567335, 8.922623, 9.286433, 9.149209 ] }, { "date": "2025-02-07", "close": 8.849047, "volume": 14542227, "typical_volume": 36542742.5, "trend": 8.940469, "fair_value": 10.080104, "relative_strength": -10.478801, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.003298, "energy": 30.80313, "activity_lines": [ 8.68002, 8.849047, 9.236861, 9.145209 ] }, { "date": "2025-02-14", "close": 8.908703, "volume": 17320641, "typical_volume": 35641112.75, "trend": 8.950794, "fair_value": 10.052024, "relative_strength": -11.13415, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -13.779456, "energy": 15.884705, "activity_lines": [ 8.786076, 8.808552, 9.18871, 9.14316 ] }, { "date": "2025-02-21", "close": 9.197043, "volume": 38096900, "typical_volume": 36543766.1, "trend": 8.974657, "fair_value": 10.027791, "relative_strength": -10.015812, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 2.826395, "energy": 6.209145, "activity_lines": [ 8.943171, 8.844889, 9.167073, 9.159047 ] }, { "date": "2025-02-28", "close": 9.008131, "volume": 23594928, "typical_volume": 33759225.5, "trend": 8.988908, "fair_value": 10.007531, "relative_strength": -8.505319, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.429861, "energy": 8.235098, "activity_lines": [ 8.993548, 8.858989, 9.130569, 9.161206 ] }, { "date": "2025-03-07", "close": 8.988245, "volume": 16285909, "typical_volume": 32428864.1, "trend": 9.014096, "fair_value": 9.979273, "relative_strength": -10.299256, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.455322, "energy": 8.205415, "activity_lines": [ 9.015422, 8.881767, 9.094917, 9.161163 ] }, { "date": "2025-03-14", "close": 9.236814, "volume": 16010720, "typical_volume": 31141896.4, "trend": 9.062816, "fair_value": 9.94524, "relative_strength": -8.710783, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 4.850034, "energy": 10.500109, "activity_lines": [ 9.097615, 8.970167, 9.086773, 9.175532 ] }, { "date": "2025-03-21", "close": 9.554981, "volume": 26424154, "typical_volume": 30896192.6, "trend": 9.127112, "fair_value": 9.918805, "relative_strength": -2.899357, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 20.67673, "energy": 17.39357, "activity_lines": [ 9.260013, 9.102135, 9.111819, 9.207285 ] }, { "date": "2025-03-28", "close": 9.177157, "volume": 61021024, "typical_volume": 32165153.45, "trend": 9.179146, "fair_value": 9.893757, "relative_strength": -5.890799, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 18.002436, "energy": 16.306727, "activity_lines": [ 9.253385, 9.141363, 9.100361, 9.210514 ] }, { "date": "2025-04-04", "close": 9.783666, "volume": 35002544, "typical_volume": 31134670.45, "trend": 9.259682, "fair_value": 9.877968, "relative_strength": 2.661713, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 30.414729, "energy": 33.701104, "activity_lines": [ 9.450252, 9.279297, 9.150075, 9.249515 ] }, { "date": "2025-04-11", "close": 10.429944, "volume": 186807121, "typical_volume": 36417013.1, "trend": 9.350824, "fair_value": 9.871007, "relative_strength": 15.159116, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.66621, "energy": 46.891291, "activity_lines": [ 9.810842, 9.514669, 9.263754, 9.325016 ] }, { "date": "2025-04-18", "close": 9.385955, "volume": 130892195, "typical_volume": 41250851.85, "trend": 9.398549, "fair_value": 9.85704, "relative_strength": 4.27298, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 16.878725, "energy": 31.304746, "activity_lines": [ 9.727323, 9.527865, 9.273507, 9.327282 ] }, { "date": "2025-04-25", "close": 9.206985, "volume": 53058068, "typical_volume": 42087133.15, "trend": 9.415121, "fair_value": 9.846111, "relative_strength": 0.857391, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 9.932363, "energy": 18.759325, "activity_lines": [ 9.574204, 9.49876, 9.269483, 9.314923 ] }, { "date": "2025-05-02", "close": 9.07773, "volume": 16900700, "typical_volume": 41193514.5, "trend": 9.389269, "fair_value": 9.827983, "relative_strength": -0.416312, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.931469, "energy": 7.754062, "activity_lines": [ 9.401201, 9.440731, 9.25812, 9.293156 ] }, { "date": "2025-05-09", "close": 9.36607, "volume": 32484604, "typical_volume": 41876506.6, "trend": 9.381978, "fair_value": 9.817512, "relative_strength": 0.510523, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.330192, "energy": 9.922427, "activity_lines": [ 9.330939, 9.437296, 9.277958, 9.291659 ] }, { "date": "2025-05-16", "close": 9.962635, "volume": 95094215, "typical_volume": 42477187.25, "trend": 9.387612, "fair_value": 9.815548, "relative_strength": 6.3641, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 12.750162, "energy": 7.483042, "activity_lines": [ 9.487371, 9.53582, 9.356127, 9.329121 ] }, { "date": "2025-05-23", "close": 9.843321, "volume": 44189460, "typical_volume": 42955306.55, "trend": 9.387612, "fair_value": 9.817879, "relative_strength": 5.514188, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 19.71643, "energy": 12.269269, "activity_lines": [ 9.635187, 9.594934, 9.423643, 9.358522 ] }, { "date": "2025-05-30", "close": 10.002406, "volume": 45731789, "typical_volume": 44319018.9, "trend": 9.406172, "fair_value": 9.821104, "relative_strength": 8.126056, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 24.102165, "energy": 28.149805, "activity_lines": [ 9.805539, 9.671945, 9.499681, 9.398186 ] }, { "date": "2025-06-06", "close": 10.59897, "volume": 61527641, "typical_volume": 46640218.65, "trend": 9.429703, "fair_value": 9.824906, "relative_strength": 12.868071, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 63.597447, "energy": 54.690802, "activity_lines": [ 10.121718, 9.849287, 9.624108, 9.47514 ] }, { "date": "2025-06-13", "close": 10.330517, "volume": 93879684, "typical_volume": 50587780.85, "trend": 9.431029, "fair_value": 9.822366, "relative_strength": 10.478417, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.398472, "energy": 52.650547, "activity_lines": [ 10.246997, 9.951969, 9.713166, 9.533257 ] }, { "date": "2025-06-20", "close": 10.221146, "volume": 73306539, "typical_volume": 54108553.15, "trend": 9.455554, "fair_value": 9.8185, "relative_strength": 10.4026, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.866425, "energy": 48.101163, "activity_lines": [ 10.271523, 10.024822, 9.783949, 9.584233 ] }, { "date": "2025-06-27", "close": 10.718284, "volume": 65023600, "typical_volume": 56632621.8, "trend": 9.477097, "fair_value": 9.813823, "relative_strength": 11.3613, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.559384, "energy": 51.805278, "activity_lines": [ 10.444527, 10.19186, 9.894598, 9.665699 ] }, { "date": "2025-07-04", "close": 10.787883, "volume": 65494776, "typical_volume": 59041328.55, "trend": 9.494994, "fair_value": 9.811342, "relative_strength": 10.497319, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.75889, "energy": 47.498845, "activity_lines": [ 10.5824, 10.347329, 10.002974, 9.750266 ] }, { "date": "2025-07-11", "close": 10.74, "volume": 60051763, "typical_volume": 60139071.7, "trend": 9.52422, "fair_value": 9.810629, "relative_strength": 7.847141, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.20161, "energy": 57.057801, "activity_lines": [ 10.651946, 10.465348, 10.097841, 9.830589 ] }, { "date": "2025-07-18", "close": 10.69, "volume": 35804576, "typical_volume": 60749554.1, "trend": 9.557746, "fair_value": 9.809091, "relative_strength": 5.173746, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.205873, "energy": 59.840456, "activity_lines": [ 10.695424, 10.544053, 10.180599, 9.905801 ] }, { "date": "2025-07-25", "close": 11.16, "volume": 97663663, "typical_volume": 64818441.8, "trend": 9.592687, "fair_value": 9.809808, "relative_strength": 7.269466, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.486543, "energy": 60.368152, "activity_lines": [ 10.871603, 10.68414, 10.30011, 10.009172 ] }, { "date": "2025-08-01", "close": 10.93, "volume": 44399680, "typical_volume": 66237889.8, "trend": 9.675309, "fair_value": 9.810692, "relative_strength": 6.768079, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.566962, "energy": 49.398964, "activity_lines": [ 10.908526, 10.76064, 10.387374, 10.09545 ] }, { "date": "2025-08-08", "close": 13.56, "volume": 80572809, "typical_volume": 68945322.55, "trend": 9.852889, "fair_value": 9.830329, "relative_strength": 30.185189, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.658792, "energy": 78.779183, "activity_lines": [ 11.808, 11.295564, 10.717052, 10.346075 ] }, { "date": "2025-08-15", "close": 12.97, "volume": 254681717, "typical_volume": 78628357.2, "trend": 10.000528, "fair_value": 9.843722, "relative_strength": 18.657691, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.414851, "energy": 79.042378, "activity_lines": [ 12.326, 11.658531, 10.971468, 10.547179 ] }, { "date": "2025-08-22", "close": 13.26, "volume": 97436674, "typical_volume": 81750063.7, "trend": 10.153194, "fair_value": 9.860993, "relative_strength": 15.638531, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.003123, "energy": 83.045254, "activity_lines": [ 12.792, 12.031116, 11.235442, 10.757468 ] }, { "date": "2025-08-29", "close": 12.6, "volume": 61860350, "typical_volume": 75502725.15, "trend": 10.284854, "fair_value": 9.878011, "relative_strength": 5.123025, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.926843, "energy": 77.559755, "activity_lines": [ 12.866667, 12.230437, 11.420004, 10.915326 ] }, { "date": "2025-09-05", "close": 12.33, "volume": 35239220, "typical_volume": 70720076.4, "trend": 10.400886, "fair_value": 9.892666, "relative_strength": 3.578729, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.402594, "energy": 53.016199, "activity_lines": [ 12.755333, 12.337416, 11.568519, 11.047271 ] }, { "date": "2025-09-12", "close": 12.74, "volume": 37270244, "typical_volume": 69930685.2, "trend": 10.528596, "fair_value": 9.911465, "relative_strength": 4.214472, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.596245, "energy": 48.067877, "activity_lines": [ 12.687333, 12.489636, 11.742062, 11.198182 ] }, { "date": "2025-09-19", "close": 12.23, "volume": 47121064, "typical_volume": 71441703.4, "trend": 10.629695, "fair_value": 9.928888, "relative_strength": -0.981078, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.184695, "energy": 34.25464, "activity_lines": [ 12.504, 12.513636, 11.85021, 11.30795 ] }, { "date": "2025-09-26", "close": 11.63, "volume": 31239092, "typical_volume": 71379427.8, "trend": 10.71709, "fair_value": 9.943096, "relative_strength": -6.75736, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.933669, "energy": 24.790329, "activity_lines": [ 12.17, 12.401455, 11.886204, 11.372486 ] }, { "date": "2025-10-03", "close": 11.72, "volume": 8375302, "typical_volume": 67043482.15, "trend": 10.808149, "fair_value": 9.952074, "relative_strength": -8.111728, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.844362, "energy": 19.598614, "activity_lines": [ 11.974667, 12.288545, 11.919989, 11.437189 ] }, { "date": "2025-10-10", "close": 12.07, "volume": 13252422, "typical_volume": 65496630.25, "trend": 10.902588, "fair_value": 9.970491, "relative_strength": -4.059573, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.306753, "energy": 20.113588, "activity_lines": [ 11.954667, 12.229091, 11.978739, 11.518599 ] }, { "date": "2025-10-17", "close": 11.48, "volume": 28015636, "typical_volume": 64610822.6, "trend": 10.966756, "fair_value": 9.989671, "relative_strength": -3.876299, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.741928, "energy": 18.43818, "activity_lines": [ 11.755333, 12.041636, 11.970695, 11.555852 ] }, { "date": "2025-10-24", "close": 12.28, "volume": 63001872, "typical_volume": 64684534.15, "trend": 11.070184, "fair_value": 10.017261, "relative_strength": -1.816351, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.737048, "energy": 16.413543, "activity_lines": [ 11.906667, 12.037455, 12.031806, 11.640577 ] }, { "date": "2025-10-31", "close": 12.69, "volume": 67126097, "typical_volume": 63346854.8, "trend": 11.167062, "fair_value": 10.045776, "relative_strength": 0.693664, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.708199, "energy": 22.432641, "activity_lines": [ 12.191333, 12.120364, 12.123959, 11.745081 ] }, { "date": "2025-11-07", "close": 12.83, "volume": 47789948, "typical_volume": 62071025.25, "trend": 11.247063, "fair_value": 10.070706, "relative_strength": 1.4615, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.020732, "energy": 33.404956, "activity_lines": [ 12.452, 12.239091, 12.21821, 11.852368 ] }, { "date": "2025-11-14", "close": 13.22, "volume": 95514508, "typical_volume": 63595570.65, "trend": 11.374865, "fair_value": 10.101166, "relative_strength": 5.940375, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.247313, "energy": 65.988606, "activity_lines": [ 12.768667, 12.424545, 12.33718, 11.979654 ] }, { "date": "2025-11-21", "close": 11.69, "volume": 45422005, "typical_volume": 62591932.1, "trend": 11.457632, "fair_value": 10.116263, "relative_strength": -1.302667, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.1123, "energy": 39.893452, "activity_lines": [ 12.498667, 12.315636, 12.298524, 11.999985 ] }, { "date": "2025-11-28", "close": 11.82, "volume": 25469872, "typical_volume": 60862837.55, "trend": 11.549041, "fair_value": 10.129417, "relative_strength": -3.556933, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 28.787064, "energy": 18.349224, "activity_lines": [ 12.258, 12.249455, 12.267952, 12.023364 ] }, { "date": "2025-12-05", "close": 11.5, "volume": 18591039, "typical_volume": 60002160.7, "trend": 11.620172, "fair_value": 10.144622, "relative_strength": -7.193212, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 1.566388, "energy": 7.841085, "activity_lines": [ 11.941333, 12.132545, 12.201762, 12.0202 ] }, { "date": "2025-12-12", "close": 11.25, "volume": 17175782, "typical_volume": 55977766.65, "trend": 11.663084, "fair_value": 10.155385, "relative_strength": -9.835719, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.317411, "energy": 29.714986, "activity_lines": [ 11.620667, 11.972545, 12.107905, 11.996318 ] }, { "date": "2025-12-19", "close": 11.38, "volume": 15751178, "typical_volume": 54545341.55, "trend": 11.714307, "fair_value": 10.168116, "relative_strength": -7.891955, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.433469, "energy": 37.505396, "activity_lines": [ 11.448667, 11.844727, 12.026, 11.978054 ] }, { "date": "2025-12-26", "close": 11.47, "volume": 16893793, "typical_volume": 51361390.75, "trend": 11.763227, "fair_value": 10.179594, "relative_strength": -10.133993, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.840292, "energy": 46.556299, "activity_lines": [ 11.429333, 11.745818, 11.950524, 11.962292 ] }, { "date": "2026-01-02", "close": 11.4, "volume": 8459744, "typical_volume": 39050292.1, "trend": 11.789928, "fair_value": 10.195737, "relative_strength": -10.141258, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.406295, "energy": 44.284396, "activity_lines": [ 11.401333, 11.634364, 11.878333, 11.938858 ] }, { "date": "2026-01-09", "close": 11.73, "volume": 31135500, "typical_volume": 35735233.4, "trend": 11.836577, "fair_value": 10.217087, "relative_strength": -11.419469, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.296828, "energy": 21.569509, "activity_lines": [ 11.511333, 11.598909, 11.845048, 11.934992 ] }, { "date": "2026-01-16", "close": 11.73, "volume": 29034178, "typical_volume": 34093924.8, "trend": 11.886872, "fair_value": 10.238501, "relative_strength": -12.383242, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -12.118572, "energy": 12.063189, "activity_lines": [ 11.606, 11.580909, 11.819048, 11.928116 ] }, { "date": "2026-01-23", "close": 12.11, "volume": 23595091, "typical_volume": 33511718.35, "trend": 11.933263, "fair_value": 10.260646, "relative_strength": -10.529709, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.095566, "energy": 5.758511, "activity_lines": [ 11.795333, 11.652, 11.833381, 11.942512 ] }, { "date": "2026-01-30", "close": 11.73, "volume": 23931159, "typical_volume": 32844764.1, "trend": 11.964667, "fair_value": 10.280608, "relative_strength": -11.864051, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.491574, "energy": 17.926008, "activity_lines": [ 11.809333, 11.674182, 11.812571, 11.929398 ] }, { "date": "2026-02-06", "close": 11.51, "volume": 17614010, "typical_volume": 31369411.4, "trend": 11.990333, "fair_value": 10.297518, "relative_strength": -11.640244, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.97989, "energy": 18.510259, "activity_lines": [ 11.732667, 11.655636, 11.775619, 11.900065 ] }, { "date": "2026-02-13", "close": 11.33, "volume": 13560700, "typical_volume": 30485491.8, "trend": 12.011667, "fair_value": 10.311886, "relative_strength": -14.170989, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.477122, "energy": 25.214096, "activity_lines": [ 11.588667, 11.61, 11.724952, 11.857462 ] }, { "date": "2026-02-27", "close": 11.78, "volume": 11528271, "typical_volume": 30643140.25, "trend": 12.032333, "fair_value": 10.328003, "relative_strength": -13.150311, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.25488, "energy": 26.254255, "activity_lines": [ 11.621333, 11.649273, 11.718571, 11.842516 ] }, { "date": "2026-03-06", "close": 11.36, "volume": 22645964, "typical_volume": 31112817.35, "trend": 12.046667, "fair_value": 10.341553, "relative_strength": -14.257755, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.656724, "energy": 39.542632, "activity_lines": [ 11.510667, 11.602545, 11.671905, 11.79914 ] }, { "date": "2026-03-13", "close": 11.2, "volume": 14792234, "typical_volume": 30451647.25, "trend": 11.968, "fair_value": 10.351174, "relative_strength": -16.028512, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.739681, "energy": 50.149591, "activity_lines": [ 11.396667, 11.527091, 11.613381, 11.744516 ] }, { "date": "2026-03-20", "close": 10.31, "volume": 17073359, "typical_volume": 28155221.6, "trend": 11.879333, "fair_value": 10.35225, "relative_strength": -20.229426, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.533115, "energy": 73.852669, "activity_lines": [ 11.021333, 11.294727, 11.471429, 11.637548 ] }, { "date": "2026-03-27", "close": 10.13, "volume": 19277615, "typical_volume": 25762797.5, "trend": 11.775, "fair_value": 10.355075, "relative_strength": -20.761253, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.49534, "energy": 83.963999, "activity_lines": [ 10.666, 11.049455, 11.321714, 11.524688 ] }, { "date": "2026-04-03", "close": 11.05, "volume": 187347521, "typical_volume": 32740676.15, "trend": 11.723333, "fair_value": 10.359379, "relative_strength": -10.857789, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.12005, "energy": 60.729567, "activity_lines": [ 10.697333, 11.000545, 11.27181, 11.477914 ] }, { "date": "2026-04-10", "close": 10.86, "volume": 83447866, "typical_volume": 32137344.05, "trend": 11.674333, "fair_value": 10.365559, "relative_strength": -17.932772, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.859658, "energy": 50.104474, "activity_lines": [ 10.714, 10.929455, 11.212286, 11.422215 ] }, { "date": "2026-04-17", "close": 10.93, "volume": 59157027, "typical_volume": 32824095.15, "trend": 11.614, "fair_value": 10.374964, "relative_strength": -20.057218, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.316156, "energy": 35.421688, "activity_lines": [ 10.787333, 10.893818, 11.170667, 11.374194 ] }, { "date": "2026-04-24", "close": 10.53, "volume": 39087998, "typical_volume": 33505001.45, "trend": 11.557333, "fair_value": 10.380164, "relative_strength": -22.854289, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.984493, "energy": 31.412196, "activity_lines": [ 10.745333, 10.8, 11.094571, 11.304258 ] }, { "date": "2026-05-01", "close": 10.93, "volume": 30084199, "typical_volume": 34079659.45, "trend": 11.534, "fair_value": 10.388054, "relative_strength": -20.467213, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.646435, "energy": 22.764519, "activity_lines": [ 10.822, 10.796727, 11.062714, 11.263785 ] }, { "date": "2026-05-08", "close": 11.22, "volume": 21853351, "typical_volume": 34313537.9, "trend": 11.517333, "fair_value": 10.377858, "relative_strength": -20.420526, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.373965, "energy": 17.777341, "activity_lines": [ 10.942, 10.853455, 11.06119, 11.243527 ] }, { "date": "2026-05-15", "close": 10.86, "volume": 27385198, "typical_volume": 34895238.9, "trend": 11.477, "fair_value": 10.366174, "relative_strength": -22.588824, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.817048, "energy": 17.374588, "activity_lines": [ 10.930667, 10.854909, 11.025524, 11.201118 ] }, { "date": "2026-05-22", "close": 10.53, "volume": 23592540, "typical_volume": 35230176.25, "trend": 11.445333, "fair_value": 10.348209, "relative_strength": -24.625914, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.048822, "energy": 20.471585, "activity_lines": [ 10.809333, 10.805455, 10.960905, 11.140022 ] }, { "date": "2026-05-29", "close": 9.71, "volume": 26171904, "typical_volume": 36115784.25, "trend": 11.359667, "fair_value": 10.334834, "relative_strength": -29.872537, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.259249, "energy": 42.028327, "activity_lines": [ 10.441333, 10.619091, 10.822667, 11.028065 ] }, { "date": "2026-06-05", "close": 9.48, "volume": 3523700, "typical_volume": 34735194.25, "trend": 11.252667, "fair_value": 10.32049, "relative_strength": -29.796554, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.641753, "energy": 65.383948, "activity_lines": [ 10.051333, 10.401818, 10.670571, 10.906796 ] }, { "date": "2026-06-12", "close": 9.14, "volume": 3984100, "typical_volume": 33482690.35, "trend": 11.129667, "fair_value": 10.30668, "relative_strength": -30.069613, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.713277, "energy": 75.733846, "activity_lines": [ 9.644667, 10.134545, 10.49681, 10.770495 ] }, { "date": "2026-06-19", "close": 8.99, "volume": 14641691, "typical_volume": 33035020.35, "trend": 10.988667, "fair_value": 10.283388, "relative_strength": -35.140103, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.444795, "energy": 80.754628, "activity_lines": [ 9.326667, 9.874727, 10.321095, 10.632452 ] }, { "date": "2026-06-26", "close": 8.465327, "volume": 3349805, "typical_volume": 32005952.65, "trend": 10.881178, "fair_value": 10.25528, "relative_strength": -37.287071, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.930032, "energy": 86.235977, "activity_lines": [ 8.958442, 9.553514, 10.110269, 10.469656 ] }, { "date": "2026-07-03", "close": 8.880198, "volume": 4489797, "typical_volume": 31349742.0, "trend": 10.783184, "fair_value": 10.232105, "relative_strength": -32.733698, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.694256, "energy": 87.246969, "activity_lines": [ 8.866153, 9.352544, 9.954501, 10.34056 ] }, { "date": "2026-07-10", "close": 8.59374, "volume": 17055807, "typical_volume": 31524497.35, "trend": 10.686309, "fair_value": 10.202233, "relative_strength": -31.814926, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.278367, "energy": 88.677813, "activity_lines": [ 8.733698, 9.129487, 9.783974, 10.199306 ] }, { "date": "2026-07-17", "close": 8.603618, "volume": 19590243, "typical_volume": 31927595.95, "trend": 10.598096, "fair_value": 10.169205, "relative_strength": -24.410843, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.531248, "energy": 85.506088, "activity_lines": [ 8.66362, 8.950704, 9.627417, 10.064938 ] }, { "date": "2026-07-24", "close": 8.46, "volume": 20700792, "typical_volume": 31830337.35, "trend": 10.500763, "fair_value": 10.142831, "relative_strength": -25.4074, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.345373, "energy": 81.323277, "activity_lines": [ 8.581428, 8.793379, 9.472308, 9.926997 ] }, { "date": "2026-07-31", "close": 8.89, "volume": 17743771, "typical_volume": 31977914.2, "trend": 10.414763, "fair_value": 10.118339, "relative_strength": -19.84096, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.878194, "energy": 58.756906, "activity_lines": [ 8.677902, 8.757872, 9.371961, 9.823077 ] }, { "date": "2026-08-07", "close": 9.06, "volume": 21656989, "typical_volume": 32207095.7, "trend": 10.336763, "fair_value": 10.103555, "relative_strength": -21.821916, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.756325, "energy": 46.491043, "activity_lines": [ 8.802732, 8.783092, 9.298804, 9.735673 ] } ], "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." } } }