{ "ticker": { "uuid": "8ad1fee4-4ccf-475c-81af-f1dae0a525d9", "symbol": "5706", "name": "Phoenix Tours International, Inc.", "exchange": "TAI", "country": "TW", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-14", "benchmark": "^TWII", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 48.862, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Structural failure", "architecture_gate": "down", "architecture_direction": -57.255, "architecture_energy": 59.147, "architecture_maturity": 6.446, "architecture_confidence": 85.635, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 34.18, "rotation_up": 9.56, "upward_expansion": 12.47, "deceleration": 37.99, "rotation_down": 67.26, "downward_expansion": 85.81 }, "activity_lines": [ 45.156667, 45.897166, 46.447948, 46.566201 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 45.150002, "trend_reference": 46.574178, "distance_from_trend": -0.030579, "trend_direction": "Weakening", "fair_value": 50.361981, "distance_from_fair_value": -0.10349, "fair_value_direction": "Improving", "relative_strength": -32.366536, "relative_strength_direction": "Improving", "price_momentum": -0.047812, "excess_performance": -0.489184, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.030579, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -5.3e-05, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.10349, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.020338, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.323665, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.049409, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.047812, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.908108, "read": "Supply-led" } ], "volume": { "latest": 472477, "relative_activity": 0.314572, "balance": 0.908108, "dry_up": 0.57872, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.041864, "annualized_volatility": 0.152858, "from_high_reference": -0.156494, "from_low_reference": 0.087021 }, "levels": { "trend_reference": 46.574178, "fair_value_reference": 50.361981, "structural_low": 41.535549, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 8, "median_return": 0.001354, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.004057, "regime_survival": 0.375, "best_return": 0.535404, "worst_return": -0.087622, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.046512, "positive_rate": 0.8, "directional_follow_through": 0.2, "median_excess_return": 0.012832, "regime_survival": 0.0, "best_return": 0.734162, "worst_return": -0.043643, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.001566, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.258059, "regime_survival": 0.2, "best_return": 0.777404, "worst_return": -0.139082, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.006667, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.093319, "regime_survival": 0.333333, "best_return": 0.699642, "worst_return": -0.057026, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-08-23", "end": "2024-09-27", "tenure": "Developing", "return": -0.003322, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-10-04", "end": "2024-11-15", "tenure": "Developing", "return": 0.043771, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-22", "end": "2024-12-06", "tenure": "New", "return": 0.047619, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-12-13", "end": "2025-01-24", "tenure": "Developing", "return": 0.053846, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-07", "end": "2025-03-28", "tenure": "Developing", "return": -0.112275, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-04-25", "tenure": "New", "return": -0.036021, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-02", "end": "2025-05-23", "tenure": "New", "return": 0.080808, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-30", "end": "2025-09-19", "tenure": "Established", "return": -0.045413, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-09-26", "end": "2025-10-31", "tenure": "Developing", "return": -0.018975, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-07", "end": "2026-03-13", "tenure": "Established", "return": -0.043071, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-20", "end": "2026-06-19", "tenure": "Established", "return": 0.036468, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-26", "end": "2026-07-10", "tenure": "New", "return": 0.005086, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-17", "end": "2026-07-31", "tenure": "New", "return": -0.030501, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-08-07", "end": "2026-08-14", "tenure": "New", "return": -0.00441, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 58.132389, "volume": 15173641, "typical_volume": 44252737.3, "trend": 56.297725, "fair_value": 35.991814, "relative_strength": 7.828289, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.479422, "energy": 20.87332, "activity_lines": [ 59.235485, 64.850934, 65.001, 61.212258 ] }, { "date": "2023-08-18", "close": 55.350227, "volume": 11556848, "typical_volume": 44312227.6, "trend": 56.707671, "fair_value": 36.223201, "relative_strength": 3.715056, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.861049, "energy": 23.348566, "activity_lines": [ 57.624763, 62.173101, 64.462776, 61.151129 ] }, { "date": "2023-08-25", "close": 56.302021, "volume": 14290983, "typical_volume": 44945998.6, "trend": 57.132319, "fair_value": 36.463598, "relative_strength": 4.528373, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -24.625856, "energy": 30.568603, "activity_lines": [ 56.960952, 60.207574, 63.97505, 61.124958 ] }, { "date": "2023-09-01", "close": 52.641293, "volume": 9789007, "typical_volume": 44667364.7, "trend": 57.398457, "fair_value": 36.682191, "relative_strength": -3.224986, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.024479, "energy": 48.945345, "activity_lines": [ 55.277017, 58.01217, 63.088791, 60.835215 ] }, { "date": "2023-09-08", "close": 50.151993, "volume": 3777898, "typical_volume": 44313541.2, "trend": 57.579187, "fair_value": 36.881087, "relative_strength": -7.364799, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.081175, "energy": 62.464252, "activity_lines": [ 53.270936, 55.89297, 61.945505, 60.367701 ] }, { "date": "2023-09-15", "close": 50.225212, "volume": 7729188, "typical_volume": 44510869.25, "trend": 57.504532, "fair_value": 37.082114, "relative_strength": -9.048754, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.144565, "energy": 62.852172, "activity_lines": [ 51.840812, 54.354512, 60.787543, 59.893251 ] }, { "date": "2023-09-22", "close": 48.101986, "volume": 3228123, "typical_volume": 44584021.6, "trend": 57.37613, "fair_value": 37.2687, "relative_strength": -9.611531, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.662216, "energy": 66.71586, "activity_lines": [ 50.230091, 52.817006, 59.406415, 59.286635 ] }, { "date": "2023-09-29", "close": 48.02877, "volume": 2015198, "typical_volume": 44106614.45, "trend": 57.325553, "fair_value": 37.457934, "relative_strength": -9.563449, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.009999, "energy": 70.685794, "activity_lines": [ 49.078181, 51.569696, 58.005731, 58.68358 ] }, { "date": "2023-10-06", "close": 47.809128, "volume": 3247772, "typical_volume": 40630867.45, "trend": 57.328463, "fair_value": 37.641811, "relative_strength": -10.749395, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.890454, "energy": 73.699975, "activity_lines": [ 48.404606, 50.487451, 56.573981, 58.069617 ] }, { "date": "2023-10-13", "close": 46.56448, "volume": 5542528, "typical_volume": 33305049.3, "trend": 57.392041, "fair_value": 37.822489, "relative_strength": -14.253979, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -74.530221, "energy": 86.928576, "activity_lines": [ 47.638294, 49.405206, 55.039956, 57.375166 ] }, { "date": "2023-10-20", "close": 44.075184, "volume": 4278605, "typical_volume": 27359683.6, "trend": 57.309402, "fair_value": 37.983886, "relative_strength": -17.09092, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.637434, "energy": 90.329084, "activity_lines": [ 46.281383, 48.086012, 53.352548, 56.516014 ] }, { "date": "2023-10-27", "close": 48.614487, "volume": 9944039, "typical_volume": 19895553.3, "trend": 57.365912, "fair_value": 38.173549, "relative_strength": -7.076142, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.14911, "energy": 80.182199, "activity_lines": [ 46.847576, 47.847732, 52.268054, 55.955052 ] }, { "date": "2023-11-03", "close": 49.639492, "volume": 15603651, "typical_volume": 16499527.9, "trend": 57.493074, "fair_value": 38.369783, "relative_strength": -7.483394, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.116615, "energy": 57.348871, "activity_lines": [ 47.72127, 47.918284, 51.454488, 55.456573 ] }, { "date": "2023-11-10", "close": 50.371643, "volume": 15154409, "typical_volume": 14827615.9, "trend": 57.557077, "fair_value": 38.573619, "relative_strength": -7.237586, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.293259, "energy": 47.87036, "activity_lines": [ 48.731633, 48.243091, 50.856491, 54.997126 ] }, { "date": "2023-11-17", "close": 60.475254, "volume": 38067959, "typical_volume": 14822357.45, "trend": 58.052728, "fair_value": 38.840768, "relative_strength": 7.43196, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -6.273664, "energy": 23.018146, "activity_lines": [ 52.939032, 50.446185, 51.370047, 55.185396 ] }, { "date": "2023-11-24", "close": 54.984154, "volume": 50441748, "typical_volume": 15531010.5, "trend": 58.358044, "fair_value": 39.076873, "relative_strength": -3.047849, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -12.083956, "energy": 26.935345, "activity_lines": [ 54.388679, 51.463202, 51.460095, 54.987423 ] }, { "date": "2023-12-01", "close": 54.398438, "volume": 8115904, "typical_volume": 14909261.15, "trend": 58.655999, "fair_value": 39.305275, "relative_strength": -5.214757, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.25374, "energy": 27.147756, "activity_lines": [ 54.915823, 52.287198, 51.573055, 54.731965 ] }, { "date": "2023-12-08", "close": 54.471653, "volume": 6055128, "typical_volume": 13427917.2, "trend": 58.9418, "fair_value": 39.525212, "relative_strength": -4.979482, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.749127, "energy": 26.923256, "activity_lines": [ 55.081775, 53.010025, 51.742494, 54.462007 ] }, { "date": "2023-12-15", "close": 52.275215, "volume": 4171993, "typical_volume": 11995733.4, "trend": 58.976829, "fair_value": 39.72442, "relative_strength": -10.361269, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.868352, "energy": 15.369687, "activity_lines": [ 54.193438, 53.216357, 51.725759, 54.031905 ] }, { "date": "2023-12-22", "close": 51.982361, "volume": 2590061, "typical_volume": 11538734.15, "trend": 58.571577, "fair_value": 39.918011, "relative_strength": -10.438572, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.710907, "energy": 13.994987, "activity_lines": [ 53.080577, 53.288241, 51.719135, 53.580649 ] }, { "date": "2023-12-29", "close": 53.812725, "volume": 5521889, "typical_volume": 11056146.55, "trend": 57.70196, "fair_value": 40.128738, "relative_strength": -8.947737, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.223358, "energy": 14.697842, "activity_lines": [ 53.144031, 53.594411, 51.917512, 53.273626 ] }, { "date": "2024-01-05", "close": 54.178799, "volume": 3898077, "typical_volume": 10673208.0, "trend": 56.674283, "fair_value": 40.338486, "relative_strength": -6.132306, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.226127, "energy": 14.017393, "activity_lines": [ 53.407604, 53.790094, 52.171323, 53.046325 ] }, { "date": "2024-01-12", "close": 54.25201, "volume": 4696913, "typical_volume": 10193504.5, "trend": 55.807147, "fair_value": 40.555976, "relative_strength": -5.963813, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.018928, "energy": 9.326487, "activity_lines": [ 53.710224, 53.897919, 52.437684, 52.890049 ] }, { "date": "2024-01-19", "close": 49.639492, "volume": 5631874, "typical_volume": 9985647.85, "trend": 54.737614, "fair_value": 40.743899, "relative_strength": -14.731504, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.14109, "energy": 17.567665, "activity_lines": [ 52.489981, 53.08324, 52.27452, 52.492136 ] }, { "date": "2024-01-26", "close": 49.493065, "volume": 1990908, "typical_volume": 9896298.35, "trend": 53.675361, "fair_value": 40.934415, "relative_strength": -16.382711, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.757682, "energy": 24.935499, "activity_lines": [ 51.396643, 52.25525, 52.111705, 52.153778 ] }, { "date": "2024-02-02", "close": 50.078781, "volume": 2868230, "typical_volume": 9653250.45, "trend": 52.960994, "fair_value": 41.12931, "relative_strength": -15.653202, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.288249, "energy": 29.130303, "activity_lines": [ 50.664497, 51.73343, 52.00781, 51.921741 ] }, { "date": "2024-02-09", "close": 50.298424, "volume": 286787, "typical_volume": 9506183.65, "trend": 52.477778, "fair_value": 41.328729, "relative_strength": -15.407795, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.682782, "energy": 38.338103, "activity_lines": [ 50.254496, 51.340734, 51.925531, 51.749962 ] }, { "date": "2024-02-16", "close": 46.637695, "volume": 1772825, "typical_volume": 9494065.0, "trend": 52.055574, "fair_value": 41.504682, "relative_strength": -23.323029, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -65.407608, "energy": 66.391845, "activity_lines": [ 48.882942, 50.356996, 51.484152, 51.373183 ] }, { "date": "2024-02-23", "close": 45.026974, "volume": 2421970, "typical_volume": 9452774.9, "trend": 51.547953, "fair_value": 41.665322, "relative_strength": -26.658794, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.7891, "energy": 80.892908, "activity_lines": [ 47.482103, 49.222835, 50.895994, 50.919724 ] }, { "date": "2024-03-01", "close": 45.319832, "volume": 1136722, "typical_volume": 9232484.6, "trend": 51.111106, "fair_value": 41.820776, "relative_strength": -26.022138, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.91923, "energy": 82.828263, "activity_lines": [ 46.486385, 48.273708, 50.348977, 50.51791 ] }, { "date": "2024-03-08", "close": 44.514473, "volume": 2284928, "typical_volume": 9132800.75, "trend": 50.657175, "fair_value": 41.935952, "relative_strength": -30.114019, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.244652, "energy": 85.726695, "activity_lines": [ 45.500429, 47.299289, 49.731185, 50.092321 ] }, { "date": "2024-03-15", "close": 49.493065, "volume": 8433833, "typical_volume": 9057290.45, "trend": 50.461937, "fair_value": 42.094886, "relative_strength": -21.71641, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.079202, "energy": 62.946142, "activity_lines": [ 46.544957, 47.399127, 49.585454, 50.017217 ] }, { "date": "2024-03-22", "close": 50.078781, "volume": 2871558, "typical_volume": 8420685.8, "trend": 50.254495, "fair_value": 42.24199, "relative_strength": -22.71971, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.586554, "energy": 31.694424, "activity_lines": [ 47.838415, 47.690654, 49.491321, 49.992497 ] }, { "date": "2024-03-29", "close": 50.151993, "volume": 2188507, "typical_volume": 7772390.7, "trend": 50.171519, "fair_value": 42.369617, "relative_strength": -22.632959, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.029198, "energy": 19.858929, "activity_lines": [ 48.926871, 48.07137, 49.402068, 49.985884 ] }, { "date": "2024-04-05", "close": 49.566277, "volume": 994719, "typical_volume": 5918728.7, "trend": 50.151995, "fair_value": 42.50741, "relative_strength": -23.488492, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.001571, "energy": 26.103707, "activity_lines": [ 49.47842, 48.336273, 49.25808, 49.946837 ] }, { "date": "2024-04-12", "close": 53.519867, "volume": 14673812, "typical_volume": 4130331.9, "trend": 50.261817, "fair_value": 42.680729, "relative_strength": -18.749163, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 21.189867, "energy": 27.949308, "activity_lines": [ 51.064737, 49.31868, 49.542571, 50.164119 ] }, { "date": "2024-04-19", "close": 50.810925, "volume": 3874605, "typical_volume": 3918266.95, "trend": 50.352115, "fair_value": 42.83689, "relative_strength": -17.924603, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 14.162646, "energy": 23.691415, "activity_lines": [ 51.147713, 49.745987, 49.57604, 50.199545 ] }, { "date": "2024-04-26", "close": 58.352028, "volume": 39685419, "typical_volume": 5599781.5, "trend": 50.696223, "fair_value": 43.039522, "relative_strength": -8.500274, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 56.457033, "energy": 57.134019, "activity_lines": [ 53.656533, 51.535085, 50.344793, 50.715668 ] }, { "date": "2024-05-03", "close": 57.546669, "volume": 18965030, "typical_volume": 6339433.35, "trend": 51.020808, "fair_value": 43.242808, "relative_strength": -10.651746, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.359875, "energy": 65.817232, "activity_lines": [ 55.34535, 52.964766, 51.018368, 51.157633 ] }, { "date": "2024-05-10", "close": 57.180599, "volume": 6268365, "typical_volume": 6523348.55, "trend": 51.374678, "fair_value": 43.451229, "relative_strength": -12.737163, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 67.910756, "energy": 73.557697, "activity_lines": [ 56.419165, 54.100258, 51.631976, 51.555039 ] }, { "date": "2024-05-17", "close": 58.571674, "volume": 23163043, "typical_volume": 7405406.25, "trend": 51.857895, "fair_value": 43.675008, "relative_strength": -12.706881, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.949935, "energy": 79.542748, "activity_lines": [ 57.44905, 55.273023, 52.353314, 52.019361 ] }, { "date": "2024-05-24", "close": 54.25201, "volume": 23363459, "typical_volume": 8378675.35, "trend": 52.045812, "fair_value": 43.888965, "relative_strength": -19.624205, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.204183, "energy": 49.412394, "activity_lines": [ 56.702261, 55.404809, 52.640594, 52.17382 ] }, { "date": "2024-05-31", "close": 57.839527, "volume": 18248735, "typical_volume": 9056266.45, "trend": 52.319147, "fair_value": 44.113661, "relative_strength": -11.612579, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.851008, "energy": 42.822447, "activity_lines": [ 56.921904, 56.102344, 53.269193, 52.547608 ] }, { "date": "2024-06-07", "close": 56.228806, "volume": 4519950, "typical_volume": 9000670.25, "trend": 52.514386, "fair_value": 44.313695, "relative_strength": -15.468563, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.485141, "energy": 35.408495, "activity_lines": [ 56.638808, 56.365917, 53.727308, 52.799844 ] }, { "date": "2024-06-14", "close": 57.034161, "volume": 3154113, "typical_volume": 9058830.5, "trend": 52.399682, "fair_value": 44.504969, "relative_strength": -15.59583, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.951992, "energy": 32.881751, "activity_lines": [ 56.71202, 56.66543, 54.230744, 53.091442 ] }, { "date": "2024-06-21", "close": 58.205597, "volume": 5352701, "typical_volume": 9183054.05, "trend": 52.507064, "fair_value": 44.71061, "relative_strength": -15.4179, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.11293, "energy": 37.979494, "activity_lines": [ 57.185474, 57.042152, 54.809837, 53.466018 ] }, { "date": "2024-06-28", "close": 55.862732, "volume": 4575001, "typical_volume": 9397464.75, "trend": 52.555874, "fair_value": 44.896038, "relative_strength": -16.753182, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.523783, "energy": 27.31065, "activity_lines": [ 56.902378, 56.907704, 55.1271, 53.682512 ] }, { "date": "2024-07-05", "close": 58.506531, "volume": 6596905, "typical_volume": 9638668.75, "trend": 52.69037, "fair_value": 45.096128, "relative_strength": -13.72471, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.87526, "energy": 34.438596, "activity_lines": [ 57.393167, 57.162095, 55.669657, 54.066426 ] }, { "date": "2024-07-12", "close": 58.589394, "volume": 6323834, "typical_volume": 9833761.95, "trend": 52.900842, "fair_value": 45.295917, "relative_strength": -14.159204, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.392636, "energy": 35.135546, "activity_lines": [ 57.86711, 57.428742, 56.163587, 54.447008 ] }, { "date": "2024-07-19", "close": 57.014858, "volume": 3856098, "typical_volume": 9969730.75, "trend": 53.068592, "fair_value": 45.467121, "relative_strength": -12.053117, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.350073, "energy": 29.82434, "activity_lines": [ 57.658835, 57.390152, 56.442979, 54.712428 ] }, { "date": "2024-07-26", "close": 54.694485, "volume": 1907279, "typical_volume": 9950848.3, "trend": 53.097984, "fair_value": 45.628022, "relative_strength": -12.168688, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 35.924483, "energy": 21.315307, "activity_lines": [ 56.678389, 56.93269, 56.445692, 54.817325 ] }, { "date": "2024-08-02", "close": 54.031521, "volume": 1575735, "typical_volume": 9607943.4, "trend": 53.093075, "fair_value": 45.778855, "relative_strength": -10.711459, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 23.053681, "energy": 13.374528, "activity_lines": [ 55.711029, 56.425183, 56.336789, 54.877553 ] }, { "date": "2024-08-09", "close": 48.810684, "volume": 3765467, "typical_volume": 9652638.85, "trend": 52.911697, "fair_value": 45.910974, "relative_strength": -18.01133, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -13.434354, "energy": 21.895306, "activity_lines": [ 53.125471, 54.972441, 55.709052, 54.601269 ] }, { "date": "2024-08-16", "close": 49.639389, "volume": 1697472, "typical_volume": 9628087.1, "trend": 52.911694, "fair_value": 46.056356, "relative_strength": -19.255332, "stage": 4, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -30.393982, "energy": 44.706168, "activity_lines": [ 51.462538, 53.834535, 55.166278, 54.390153 ] }, { "date": "2024-08-23", "close": 49.888, "volume": 1853580, "typical_volume": 9671030.15, "trend": 52.924858, "fair_value": 46.202704, "relative_strength": -17.478537, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.657819, "energy": 58.209434, "activity_lines": [ 50.479142, 52.861637, 54.649622, 54.195076 ] }, { "date": "2024-08-30", "close": 49.639389, "volume": 834178, "typical_volume": 8979048.45, "trend": 52.910212, "fair_value": 46.35771, "relative_strength": -17.754407, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.006959, "energy": 63.37394, "activity_lines": [ 49.888, 51.973468, 54.107757, 53.98311 ] }, { "date": "2024-09-06", "close": 48.06485, "volume": 1687296, "typical_volume": 8869683.0, "trend": 52.83576, "fair_value": 46.491533, "relative_strength": -16.806449, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.457876, "energy": 67.106358, "activity_lines": [ 49.109018, 50.954768, 53.434414, 53.670506 ] }, { "date": "2024-09-13", "close": 48.06485, "volume": 930246, "typical_volume": 6931924.35, "trend": 52.883331, "fair_value": 46.632471, "relative_strength": -17.600539, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.524589, "energy": 63.425998, "activity_lines": [ 48.727814, 50.077848, 52.774148, 53.362705 ] }, { "date": "2024-09-20", "close": 48.396328, "volume": 484474, "typical_volume": 6007896.55, "trend": 52.995643, "fair_value": 46.782438, "relative_strength": -18.083033, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.18971, "energy": 57.096834, "activity_lines": [ 48.506825, 49.451046, 52.194438, 53.073221 ] }, { "date": "2024-09-27", "close": 49.72226, "volume": 1168725, "typical_volume": 5752914.55, "trend": 53.142391, "fair_value": 46.937975, "relative_strength": -17.835587, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -62.9119, "energy": 53.653375, "activity_lines": [ 48.810683, 49.25065, 51.78458, 52.862035 ] }, { "date": "2024-10-04", "close": 49.225033, "volume": 579702, "typical_volume": 4623747.5, "trend": 53.299409, "fair_value": 47.085931, "relative_strength": -16.343709, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.835916, "energy": 45.411737, "activity_lines": [ 48.959849, 49.092443, 51.362883, 52.609302 ] }, { "date": "2024-10-11", "close": 48.893555, "volume": 653298, "typical_volume": 3488239.45, "trend": 53.279426, "fair_value": 47.226532, "relative_strength": -18.701073, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.337766, "energy": 39.730097, "activity_lines": [ 49.026146, 48.973411, 50.954124, 52.325054 ] }, { "date": "2024-10-18", "close": 50.550964, "volume": 1291824, "typical_volume": 2640393.9, "trend": 53.295165, "fair_value": 47.369597, "relative_strength": -17.722503, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.389857, "energy": 30.865186, "activity_lines": [ 49.589666, 49.249144, 50.72873, 52.149024 ] }, { "date": "2024-10-25", "close": 51.46254, "volume": 1341822, "typical_volume": 2481487.5, "trend": 53.33885, "fair_value": 47.516414, "relative_strength": -15.236708, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.671024, "energy": 22.765052, "activity_lines": [ 50.291303, 49.658976, 50.624861, 52.03079 ] }, { "date": "2024-11-01", "close": 51.296799, "volume": 709502, "typical_volume": 2359256.95, "trend": 53.396534, "fair_value": 47.670118, "relative_strength": -12.915242, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.690423, "energy": 22.316169, "activity_lines": [ 50.733279, 50.005525, 50.527903, 51.899045 ] }, { "date": "2024-11-08", "close": 49.307903, "volume": 1157276, "typical_volume": 2149485.7, "trend": 53.256135, "fair_value": 47.807307, "relative_strength": -18.480368, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.927009, "energy": 27.004503, "activity_lines": [ 50.407321, 49.964843, 50.268847, 51.635262 ] }, { "date": "2024-11-15", "close": 51.379665, "volume": 1527502, "typical_volume": 1997110.75, "trend": 53.275093, "fair_value": 47.95422, "relative_strength": -11.190954, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.74588, "energy": 17.620828, "activity_lines": [ 50.766425, 50.306871, 50.249472, 51.5142 ] }, { "date": "2024-11-22", "close": 52.208374, "volume": 1043421, "typical_volume": 1719436.55, "trend": 53.070305, "fair_value": 48.09703, "relative_strength": -9.780407, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.26559, "energy": 11.702615, "activity_lines": [ 51.236025, 50.739305, 50.33037, 51.445379 ] }, { "date": "2024-11-29", "close": 51.711147, "volume": 1031844, "typical_volume": 1454837.05, "trend": 52.875788, "fair_value": 48.237281, "relative_strength": -7.502516, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.078434, "energy": 11.537862, "activity_lines": [ 51.429389, 51.005997, 50.393904, 51.357691 ] }, { "date": "2024-12-06", "close": 54.694485, "volume": 2170324, "typical_volume": 1370548.35, "trend": 52.792917, "fair_value": 48.402932, "relative_strength": -5.531455, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 20.573191, "energy": 30.272677, "activity_lines": [ 52.600625, 51.754844, 50.774318, 51.475027 ] }, { "date": "2024-12-13", "close": 53.86578, "volume": 1472166, "typical_volume": 1348792.7, "trend": 52.636054, "fair_value": 48.571849, "relative_strength": -5.816171, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 28.973152, "energy": 50.341717, "activity_lines": [ 53.269113, 52.262614, 51.086858, 51.544244 ] }, { "date": "2024-12-20", "close": 53.86578, "volume": 8038392, "typical_volume": 1671925.55, "trend": 52.62318, "fair_value": 48.737837, "relative_strength": -3.261136, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 26.326598, "energy": 45.159141, "activity_lines": [ 53.633743, 52.686006, 51.403344, 51.623581 ] }, { "date": "2024-12-27", "close": 53.285686, "volume": 1238737, "typical_volume": 1545589.05, "trend": 52.471385, "fair_value": 48.900315, "relative_strength": -6.934971, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 23.81564, "energy": 41.762576, "activity_lines": [ 53.639267, 52.913523, 51.665373, 51.666323 ] }, { "date": "2025-01-03", "close": 53.94865, "volume": 3835405, "typical_volume": 1652485.7, "trend": 52.39538, "fair_value": 49.066416, "relative_strength": -3.710833, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.557461, "energy": 28.686374, "activity_lines": [ 53.793959, 53.211857, 51.969231, 51.761631 ] }, { "date": "2025-01-10", "close": 51.296799, "volume": 1589446, "typical_volume": 1639279.0, "trend": 52.204134, "fair_value": 49.216564, "relative_strength": -8.229114, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 8.930006, "energy": 10.852252, "activity_lines": [ 52.915533, 52.982833, 52.000012, 51.690754 ] }, { "date": "2025-01-17", "close": 55.440319, "volume": 4932071, "typical_volume": 1844173.65, "trend": 52.111958, "fair_value": 49.398503, "relative_strength": -1.076977, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.845439, "energy": 22.556165, "activity_lines": [ 53.644793, 53.507177, 52.418705, 51.899541 ] }, { "date": "2025-01-24", "close": 56.766247, "volume": 9937058, "typical_volume": 2256661.75, "trend": 52.142076, "fair_value": 49.597102, "relative_strength": -0.067889, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 67.903978, "energy": 40.11854, "activity_lines": [ 54.71106, 54.161101, 52.936053, 52.199817 ] }, { "date": "2025-02-07", "close": 55.357445, "volume": 2395459, "typical_volume": 2329922.4, "trend": 52.037106, "fair_value": 49.783532, "relative_strength": -2.028398, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.721727, "energy": 40.052817, "activity_lines": [ 55.114361, 54.46094, 53.277795, 52.40726 ] }, { "date": "2025-02-14", "close": 54.694485, "volume": 1586713, "typical_volume": 2385034.35, "trend": 51.907276, "fair_value": 49.952112, "relative_strength": -1.511844, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.031577, "energy": 52.136874, "activity_lines": [ 55.158559, 54.582986, 53.521671, 52.578704 ] }, { "date": "2025-02-21", "close": 55.191708, "volume": 944683, "typical_volume": 2373832.25, "trend": 51.846504, "fair_value": 50.110907, "relative_strength": -2.895058, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.987044, "energy": 47.559813, "activity_lines": [ 55.318775, 54.741193, 53.78291, 52.790603 ] }, { "date": "2025-02-28", "close": 57.097729, "volume": 2434205, "typical_volume": 2466557.4, "trend": 51.926612, "fair_value": 50.229615, "relative_strength": 3.331683, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.195223, "energy": 42.482841, "activity_lines": [ 55.854671, 55.23691, 54.19963, 53.129392 ] }, { "date": "2025-03-07", "close": 57.26347, "volume": 2134388, "typical_volume": 2540611.9, "trend": 52.034344, "fair_value": 50.338087, "relative_strength": 5.700328, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.493257, "energy": 42.328397, "activity_lines": [ 56.33532, 55.703998, 54.594646, 53.473705 ] }, { "date": "2025-03-14", "close": 51.46254, "volume": 3248073, "typical_volume": 2638424.35, "trend": 52.122739, "fair_value": 50.387614, "relative_strength": -2.450716, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 23.90624, "energy": 16.540895, "activity_lines": [ 54.849178, 55.054595, 54.397335, 53.436815 ] }, { "date": "2025-03-21", "close": 50.716702, "volume": 2099469, "typical_volume": 2676306.7, "trend": 52.158649, "fair_value": 50.448679, "relative_strength": -4.731689, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 9.381689, "energy": 9.035085, "activity_lines": [ 53.374083, 54.302734, 54.124652, 53.346103 ] }, { "date": "2025-03-28", "close": 49.142166, "volume": 1375250, "typical_volume": 2709594.1, "trend": 52.133788, "fair_value": 50.496304, "relative_strength": -4.945808, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -29.927943, "energy": 30.08687, "activity_lines": [ 51.639328, 53.323356, 53.705564, 53.151491 ] }, { "date": "2025-04-04", "close": 48.313457, "volume": 908865, "typical_volume": 2697173.55, "trend": 52.089591, "fair_value": 50.5269, "relative_strength": -5.057223, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.65037, "energy": 45.249007, "activity_lines": [ 50.03164, 52.232479, 53.217812, 52.905018 ] }, { "date": "2025-04-11", "close": 43.258366, "volume": 2575257, "typical_volume": 2749561.3, "trend": 51.929374, "fair_value": 50.521744, "relative_strength": -7.122759, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -57.645018, "energy": 72.661913, "activity_lines": [ 47.32454, 50.352074, 52.253358, 52.335261 ] }, { "date": "2025-04-18", "close": 45.744476, "volume": 954865, "typical_volume": 2745133.5, "trend": 51.852029, "fair_value": 50.525829, "relative_strength": -0.930104, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.279324, "energy": 70.90568, "activity_lines": [ 46.379817, 49.169286, 51.56435, 51.936236 ] }, { "date": "2025-04-25", "close": 46.573181, "volume": 753244, "typical_volume": 2731203.5, "trend": 51.791257, "fair_value": 50.52351, "relative_strength": -1.353964, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -65.864847, "energy": 78.356696, "activity_lines": [ 46.092532, 48.311954, 50.985046, 51.595665 ] }, { "date": "2025-05-02", "close": 49.225033, "volume": 963787, "typical_volume": 2670876.65, "trend": 51.774683, "fair_value": 50.554928, "relative_strength": 0.105243, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.584216, "energy": 63.842572, "activity_lines": [ 46.965434, 48.084436, 50.682766, 51.430102 ] }, { "date": "2025-05-09", "close": 52.871338, "volume": 10912882, "typical_volume": 3142912.45, "trend": 51.896226, "fair_value": 50.601769, "relative_strength": 7.129132, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.511634, "energy": 23.150008, "activity_lines": [ 49.048246, 48.628368, 50.753798, 51.500854 ] }, { "date": "2025-05-16", "close": 52.871338, "volume": 6547154, "typical_volume": 3068350.55, "trend": 52.028819, "fair_value": 50.643589, "relative_strength": 2.860331, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.825157, "energy": 19.500676, "activity_lines": [ 50.827199, 49.249144, 50.829566, 51.563764 ] }, { "date": "2025-05-23", "close": 53.202816, "volume": 3658820, "typical_volume": 3189354.7, "trend": 52.117214, "fair_value": 50.716825, "relative_strength": 4.675389, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -12.046818, "energy": 22.45042, "activity_lines": [ 52.07578, 50.010045, 50.941638, 51.639506 ] }, { "date": "2025-05-30", "close": 51.296799, "volume": 1317741, "typical_volume": 3063471.5, "trend": 52.111689, "fair_value": 50.789142, "relative_strength": 2.461663, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.926933, "energy": 18.621116, "activity_lines": [ 52.191799, 50.392756, 50.872579, 51.586576 ] }, { "date": "2025-06-06", "close": 50.716702, "volume": 958195, "typical_volume": 3031908.95, "trend": 52.092353, "fair_value": 50.840164, "relative_strength": 0.157888, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.087049, "energy": 18.234873, "activity_lines": [ 51.799545, 50.659448, 50.760901, 51.496577 ] }, { "date": "2025-06-13", "close": 50.385223, "volume": 1495608, "typical_volume": 2860085.8, "trend": 52.128264, "fair_value": 50.84931, "relative_strength": -2.122008, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.263076, "energy": 10.97031, "activity_lines": [ 51.197353, 50.837243, 50.620416, 51.38644 ] }, { "date": "2025-06-20", "close": 48.479206, "volume": 1025012, "typical_volume": 2414483.5, "trend": 52.031582, "fair_value": 50.856698, "relative_strength": -5.446973, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.851657, "energy": 23.119383, "activity_lines": [ 50.125563, 50.630821, 50.322478, 51.151017 ] }, { "date": "2025-06-27", "close": 52.374115, "volume": 2285804, "typical_volume": 2409000.75, "trend": 52.037106, "fair_value": 50.903281, "relative_strength": -0.116045, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.659492, "energy": 12.714005, "activity_lines": [ 50.644885, 51.03764, 50.434945, 51.173115 ] }, { "date": "2025-07-04", "close": 52.291241, "volume": 3017987, "typical_volume": 2480564.45, "trend": 52.056443, "fair_value": 50.976532, "relative_strength": -0.04204, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.055919, "energy": 9.519352, "activity_lines": [ 51.191829, 51.308852, 50.553726, 51.189511 ] }, { "date": "2025-07-11", "close": 52.341179, "volume": 1615354, "typical_volume": 2514098.0, "trend": 51.977999, "fair_value": 51.072281, "relative_strength": -0.690976, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.358746, "energy": 12.229722, "activity_lines": [ 51.689123, 51.485179, 50.688707, 51.207881 ] }, { "date": "2025-07-18", "close": 51.520496, "volume": 1513519, "typical_volume": 2468063.7, "trend": 51.899823, "fair_value": 51.148542, "relative_strength": -4.695631, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.191536, "energy": 15.731558, "activity_lines": [ 51.804557, 51.455633, 50.759101, 51.178365 ] }, { "date": "2025-07-25", "close": 51.520496, "volume": 845807, "typical_volume": 2403634.65, "trend": 51.821647, "fair_value": 51.226058, "relative_strength": -4.390107, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.317604, "energy": 18.024735, "activity_lines": [ 51.844307, 51.450649, 50.856054, 51.153892 ] }, { "date": "2025-08-01", "close": 51.611682, "volume": 732103, "typical_volume": 2277836.15, "trend": 51.765847, "fair_value": 51.26608, "relative_strength": -4.291257, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.980306, "energy": 11.197517, "activity_lines": [ 51.711699, 51.486804, 50.989038, 51.140346 ] }, { "date": "2025-08-08", "close": 53.435417, "volume": 967236, "typical_volume": 2221224.5, "trend": 51.748739, "fair_value": 51.309254, "relative_strength": -3.10958, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.49051, "energy": 23.22869, "activity_lines": [ 52.237831, 51.883477, 51.295002, 51.24806 ] }, { "date": "2025-08-15", "close": 50.608631, "volume": 1449784, "typical_volume": 2224951.2, "trend": 51.7258, "fair_value": 51.352082, "relative_strength": -9.269019, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.43729, "energy": 7.911431, "activity_lines": [ 51.745424, 51.727306, 51.318801, 51.174505 ] }, { "date": "2025-08-22", "close": 50.426254, "volume": 555790, "typical_volume": 2207297.45, "trend": 51.558665, "fair_value": 51.397015, "relative_strength": -7.350501, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.723104, "energy": 10.591664, "activity_lines": [ 51.307727, 51.539939, 51.318249, 51.090663 ] }, { "date": "2025-08-29", "close": 50.882191, "volume": 595101, "typical_volume": 2108289.65, "trend": 51.362529, "fair_value": 51.438323, "relative_strength": -8.203709, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -4.683616, "energy": 4.695734, "activity_lines": [ 51.094959, 51.434725, 51.351057, 51.04702 ] }, { "date": "2025-09-05", "close": 49.970322, "volume": 733354, "typical_volume": 2097214.1, "trend": 51.182959, "fair_value": 51.448526, "relative_strength": -10.66914, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -26.372119, "energy": 20.797648, "activity_lines": [ 50.620788, 51.120025, 51.260717, 50.9572 ] }, { "date": "2025-09-12", "close": 48.784897, "volume": 1394363, "typical_volume": 2129270.05, "trend": 50.985972, "fair_value": 51.467502, "relative_strength": -15.911751, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -36.00917, "energy": 39.383491, "activity_lines": [ 49.860899, 50.633499, 51.037357, 50.802486 ] }, { "date": "2025-09-19", "close": 48.96727, "volume": 555632, "typical_volume": 2108862.3, "trend": 50.778491, "fair_value": 51.491389, "relative_strength": -15.730123, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -35.424363, "energy": 44.915476, "activity_lines": [ 49.471836, 50.243883, 50.820833, 50.672247 ] }, { "date": "2025-09-26", "close": 48.055401, "volume": 1072759, "typical_volume": 1616856.15, "trend": 50.47708, "fair_value": 51.487914, "relative_strength": -17.091366, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.627757, "energy": 54.900756, "activity_lines": [ 48.888241, 49.749817, 50.518692, 50.496564 ] }, { "date": "2025-10-03", "close": 48.237778, "volume": 442198, "typical_volume": 1311608.35, "trend": 50.176224, "fair_value": 51.491222, "relative_strength": -20.193926, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.690098, "energy": 58.565059, "activity_lines": [ 48.523495, 49.351912, 50.256854, 50.352093 ] }, { "date": "2025-10-10", "close": 47.873028, "volume": 489764, "typical_volume": 1153155.55, "trend": 50.056573, "fair_value": 51.526804, "relative_strength": -22.065375, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.305935, "energy": 59.188924, "activity_lines": [ 48.213459, 48.947374, 49.982341, 50.2035 ] }, { "date": "2025-10-17", "close": 48.87608, "volume": 1356682, "typical_volume": 1155102.6, "trend": 49.995219, "fair_value": 51.56601, "relative_strength": -20.198615, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.34348, "energy": 47.423929, "activity_lines": [ 48.377595, 48.793185, 49.828738, 50.127339 ] }, { "date": "2025-10-24", "close": 47.599468, "volume": 706534, "typical_volume": 1142519.55, "trend": 49.943796, "fair_value": 51.635388, "relative_strength": -22.651149, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.300032, "energy": 42.09866, "activity_lines": [ 48.110113, 48.489782, 49.56508, 49.972774 ] }, { "date": "2025-10-31", "close": 47.143536, "volume": 1127635, "typical_volume": 1124120.9, "trend": 49.904799, "fair_value": 51.728506, "relative_strength": -24.949337, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -68.719093, "energy": 52.622229, "activity_lines": [ 47.781842, 48.158194, 49.272843, 49.792112 ] }, { "date": "2025-11-07", "close": 48.69371, "volume": 2187136, "typical_volume": 1182227.1, "trend": 50.085977, "fair_value": 51.82735, "relative_strength": -20.512867, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.855377, "energy": 36.528142, "activity_lines": [ 48.031086, 48.168142, 49.143679, 49.713978 ] }, { "date": "2025-11-14", "close": 47.234722, "volume": 1567685, "typical_volume": 1146321.15, "trend": 50.135652, "fair_value": 51.898366, "relative_strength": -21.929614, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.358132, "energy": 43.689331, "activity_lines": [ 47.763605, 47.95261, 48.874542, 49.530026 ] }, { "date": "2025-11-21", "close": 46.049294, "volume": 1137470, "typical_volume": 1052295.3, "trend": 50.118189, "fair_value": 51.95313, "relative_strength": -20.760647, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.113278, "energy": 51.168083, "activity_lines": [ 47.143535, 47.571284, 48.51698, 49.26639 ] }, { "date": "2025-11-28", "close": 47.143536, "volume": 403723, "typical_volume": 991713.75, "trend": 50.048806, "fair_value": 52.005553, "relative_strength": -21.985558, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.871035, "energy": 39.854251, "activity_lines": [ 47.076665, 47.438649, 48.293356, 49.074477 ] }, { "date": "2025-12-05", "close": 46.778786, "volume": 524042, "typical_volume": 942239.9, "trend": 49.84572, "fair_value": 52.061719, "relative_strength": -23.129706, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.136024, "energy": 49.334156, "activity_lines": [ 46.918607, 47.272854, 48.059744, 48.863508 ] }, { "date": "2025-12-12", "close": 45.684544, "volume": 899441, "typical_volume": 944921.6, "trend": 49.606161, "fair_value": 52.086547, "relative_strength": -25.016547, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.228879, "energy": 55.152007, "activity_lines": [ 46.420119, 46.931318, 47.744498, 48.595045 ] }, { "date": "2025-12-19", "close": 45.86692, "volume": 393301, "typical_volume": 927981.5, "trend": 49.361631, "fair_value": 52.111609, "relative_strength": -22.884229, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.631401, "energy": 46.575483, "activity_lines": [ 46.183033, 46.669363, 47.474412, 48.353803 ] }, { "date": "2025-12-26", "close": 45.958107, "volume": 239078, "typical_volume": 891573.6, "trend": 49.183674, "fair_value": 52.125094, "relative_strength": -24.527519, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.652612, "energy": 50.69765, "activity_lines": [ 46.06753, 46.460463, 47.240366, 48.134221 ] }, { "date": "2026-01-02", "close": 46.322853, "volume": 402860, "typical_volume": 839227.4, "trend": 49.037213, "fair_value": 52.136239, "relative_strength": -25.508295, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.979175, "energy": 42.919922, "activity_lines": [ 46.079688, 46.370934, 47.076664, 47.949652 ] }, { "date": "2026-01-09", "close": 46.322853, "volume": 745221, "typical_volume": 848698.95, "trend": 48.9018, "fair_value": 52.145981, "relative_strength": -27.273021, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.52308, "energy": 37.437243, "activity_lines": [ 46.146559, 46.304616, 46.933371, 47.774532 ] }, { "date": "2026-01-16", "close": 45.775734, "volume": 808265, "typical_volume": 859357.15, "trend": 48.811685, "fair_value": 52.152684, "relative_strength": -30.20154, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.653733, "energy": 38.460789, "activity_lines": [ 46.061452, 46.153743, 46.75751, 47.57285 ] }, { "date": "2026-01-23", "close": 45.593361, "volume": 1285207, "typical_volume": 886949.8, "trend": 48.58566, "fair_value": 52.168976, "relative_strength": -31.067173, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.056062, "energy": 38.340893, "activity_lines": [ 45.909474, 46.022766, 46.588598, 47.365217 ] }, { "date": "2026-01-30", "close": 45.958107, "volume": 1411005, "typical_volume": 887781.9, "trend": 48.374555, "fair_value": 52.184332, "relative_strength": -30.100937, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.526977, "energy": 33.796549, "activity_lines": [ 45.897316, 45.98795, 46.475266, 47.195697 ] }, { "date": "2026-02-06", "close": 47.417095, "volume": 2295232, "typical_volume": 974761.9, "trend": 48.210419, "fair_value": 52.202024, "relative_strength": -26.64903, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.682047, "energy": 20.11835, "activity_lines": [ 46.371487, 46.220062, 46.514346, 47.133925 ] }, { "date": "2026-02-13", "close": 46.049294, "volume": 906101, "typical_volume": 966429.0, "trend": 48.028046, "fair_value": 52.21048, "relative_strength": -31.990827, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.074146, "energy": 20.436193, "activity_lines": [ 46.316775, 46.198508, 46.430541, 46.994498 ] }, { "date": "2026-02-27", "close": 45.593361, "volume": 1566783, "typical_volume": 1022658.25, "trend": 47.830474, "fair_value": 52.166432, "relative_strength": -35.463722, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.376775, "energy": 22.599683, "activity_lines": [ 46.128323, 46.107322, 46.312867, 46.837422 ] }, { "date": "2026-03-06", "close": 45.593361, "volume": 2126723, "typical_volume": 1104506.2, "trend": 47.629864, "fair_value": 52.125658, "relative_strength": -31.235337, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.195774, "energy": 24.744974, "activity_lines": [ 45.952029, 46.017793, 46.207785, 46.693092 ] }, { "date": "2026-03-13", "close": 46.596413, "volume": 1454028, "typical_volume": 1109373.5, "trend": 47.401897, "fair_value": 52.10675, "relative_strength": -28.508135, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.801847, "energy": 22.429621, "activity_lines": [ 46.110085, 46.115612, 46.209088, 46.626418 ] }, { "date": "2026-03-20", "close": 47.508278, "volume": 1463576, "typical_volume": 1147225.6, "trend": 47.298552, "fair_value": 52.105381, "relative_strength": -26.752383, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.45014, "energy": 4.99886, "activity_lines": [ 46.529543, 46.367618, 46.30809, 46.633281 ] }, { "date": "2026-03-27", "close": 47.143536, "volume": 889726, "typical_volume": 1135330.15, "trend": 47.189128, "fair_value": 52.12132, "relative_strength": -25.732889, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.290554, "energy": 10.182093, "activity_lines": [ 46.821341, 46.531754, 46.372789, 46.62328 ] }, { "date": "2026-04-03", "close": 46.961163, "volume": 882758, "typical_volume": 1070111.25, "trend": 47.058427, "fair_value": 52.123928, "relative_strength": -24.159578, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.810868, "energy": 13.73773, "activity_lines": [ 46.979399, 46.64781, 46.42012, 46.608572 ] }, { "date": "2026-04-10", "close": 47.417095, "volume": 758139, "typical_volume": 1029633.95, "trend": 46.973319, "fair_value": 52.127119, "relative_strength": -28.906715, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.32702, "energy": 19.339667, "activity_lines": [ 47.198247, 46.82521, 46.519123, 46.631712 ] }, { "date": "2026-04-17", "close": 48.055401, "volume": 5670582, "typical_volume": 1256289.55, "trend": 46.949003, "fair_value": 52.141419, "relative_strength": -30.014053, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.693123, "energy": 25.634531, "activity_lines": [ 47.508282, 47.085507, 46.678048, 46.701524 ] }, { "date": "2026-04-24", "close": 46.322853, "volume": 1377101, "typical_volume": 1304958.45, "trend": 46.860856, "fair_value": 52.127774, "relative_strength": -35.447129, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.364659, "energy": 10.625915, "activity_lines": [ 47.143534, 46.992662, 46.662416, 46.661127 ] }, { "date": "2026-05-01", "close": 46.414043, "volume": 957391, "typical_volume": 1326625.9, "trend": 46.806144, "fair_value": 52.132955, "relative_strength": -34.524016, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.856601, "energy": 3.39106, "activity_lines": [ 46.888212, 46.936292, 46.659377, 46.632301 ] }, { "date": "2026-05-08", "close": 46.869976, "volume": 1437017, "typical_volume": 1353504.7, "trend": 46.76055, "fair_value": 52.139656, "relative_strength": -37.313961, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.803253, "energy": 2.100223, "activity_lines": [ 46.833501, 46.956188, 46.701496, 46.636419 ] }, { "date": "2026-05-15", "close": 45.684544, "volume": 1034026, "typical_volume": 1385540.95, "trend": 46.687601, "fair_value": 52.141096, "relative_strength": -37.307463, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -12.732624, "energy": 12.015651, "activity_lines": [ 46.389724, 46.737339, 46.625073, 46.566999 ] }, { "date": "2026-05-22", "close": 45.547768, "volume": 1120560, "typical_volume": 1429615.05, "trend": 46.576657, "fair_value": 52.138854, "relative_strength": -38.213819, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.694595, "energy": 26.93334, "activity_lines": [ 46.015859, 46.491964, 46.536492, 46.493461 ] }, { "date": "2026-05-29", "close": 46.231667, "volume": 1505232, "typical_volume": 1484733.65, "trend": 46.531064, "fair_value": 52.106849, "relative_strength": -39.796852, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.967808, "energy": 26.446194, "activity_lines": [ 46.037136, 46.390001, 46.514998, 46.471204 ] }, { "date": "2026-06-05", "close": 48.511337, "volume": 2516944, "typical_volume": 1573319.8, "trend": 46.576657, "fair_value": 52.006666, "relative_strength": -36.356171, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 52.389973, "energy": 20.443211, "activity_lines": [ 46.824381, 46.725734, 46.711049, 46.598964 ] }, { "date": "2026-06-12", "close": 48.32896, "volume": 1703593, "typical_volume": 1618086.2, "trend": 46.564499, "fair_value": 51.80428, "relative_strength": -34.369955, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 54.450318, "energy": 37.314, "activity_lines": [ 47.411015, 47.003438, 46.87931, 46.712015 ] }, { "date": "2026-06-19", "close": 49.240829, "volume": 1935581, "typical_volume": 1650604.9, "trend": 46.631369, "fair_value": 51.574996, "relative_strength": -35.526588, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 63.93202, "energy": 57.718418, "activity_lines": [ 48.20434, 47.422068, 47.122258, 46.884682 ] }, { "date": "2026-06-26", "close": 46.961163, "volume": 2975023, "typical_volume": 1728805.8, "trend": 46.661765, "fair_value": 51.361503, "relative_strength": -35.028697, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.996393, "energy": 47.861665, "activity_lines": [ 48.00069, 47.393055, 47.130725, 46.905959 ] }, { "date": "2026-07-03", "close": 47.950001, "volume": 1610582, "typical_volume": 1694573.3, "trend": 46.688647, "fair_value": 51.144993, "relative_strength": -35.807584, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.987351, "energy": 47.205319, "activity_lines": [ 48.032427, 47.563725, 47.228591, 46.989071 ] }, { "date": "2026-07-10", "close": 47.200001, "volume": 0, "typical_volume": 1649268.25, "trend": 46.702687, "fair_value": 50.926015, "relative_strength": -33.805683, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.270436, "energy": 25.47553, "activity_lines": [ 47.699608, 47.568447, 47.252491, 47.022062 ] }, { "date": "2026-07-17", "close": 45.900002, "volume": 1077955, "typical_volume": 1624826.85, "trend": 46.709869, "fair_value": 50.76185, "relative_strength": -30.540165, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.349976, "energy": 11.464335, "activity_lines": [ 47.020878, 47.322516, 47.147102, 46.970275 ] }, { "date": "2026-07-24", "close": 45.400002, "volume": 1016402, "typical_volume": 1569310.8, "trend": 46.694305, "fair_value": 50.637523, "relative_strength": -31.860358, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.78471, "energy": 16.671581, "activity_lines": [ 46.337412, 47.003311, 46.992634, 46.885768 ] }, { "date": "2026-07-31", "close": 44.5, "volume": 1026721, "typical_volume": 1547945.45, "trend": 46.645702, "fair_value": 50.542627, "relative_strength": -31.367896, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.228066, "energy": 35.860206, "activity_lines": [ 45.610001, 46.525644, 46.753372, 46.7442 ] }, { "date": "2026-08-07", "close": 45.349998, "volume": 961274, "typical_volume": 1522830.35, "trend": 46.613273, "fair_value": 50.447078, "relative_strength": -30.764166, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.127482, "energy": 45.171683, "activity_lines": [ 45.33, 46.221571, 46.605045, 46.660606 ] }, { "date": "2026-08-14", "close": 45.150002, "volume": 472477, "typical_volume": 1501967.9, "trend": 46.574178, "fair_value": 50.361981, "relative_strength": -32.366536, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -57.255175, "energy": 59.147288, "activity_lines": [ 45.156667, 45.897166, 46.447948, 46.566201 ] } ], "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." } } }