{ "ticker": { "uuid": "8c66452d-4f8b-4d57-b9b7-c0faf505cc4e", "symbol": "5529", "name": "MEGA International Development Co.,Ltd.", "exchange": "TWO", "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": 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": -55.344, "architecture_energy": 33.817, "architecture_maturity": 50.941, "architecture_confidence": 89.744, "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": 25.06, "rotation_up": 21.62, "upward_expansion": 3.52, "deceleration": 54.27, "rotation_down": 51.86, "downward_expansion": 79.18 }, "activity_lines": [ 21.206666, 21.384545, 21.715283, 22.349573 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.833333 }, "latest_close": 21.1, "trend_reference": 23.410872, "distance_from_trend": -0.098709, "trend_direction": "Weakening", "fair_value": 25.339247, "distance_from_fair_value": -0.1673, "fair_value_direction": "Improving", "relative_strength": -39.77608, "relative_strength_direction": "Improving", "price_momentum": -0.182289, "excess_performance": -0.623661, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.098709, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.051546, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.1673, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.008588, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.397761, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.08084, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.182289, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.995231, "read": "Demand-led" } ], "volume": { "latest": 529510, "relative_activity": 1.330682, "balance": 1.995231, "dry_up": 0.726178, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.08399, "annualized_volatility": 0.342865, "from_high_reference": -0.283835, "from_low_reference": 0.043555 }, "levels": { "trend_reference": 23.410872, "fair_value_reference": 25.339247, "structural_low": 20.219345, "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": 32, "median_return": -0.01513, "positive_rate": 0.28125, "directional_follow_through": 0.6875, "median_excess_return": -0.021936, "regime_survival": 0.8125, "best_return": 0.2125, "worst_return": -0.109929, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": 0.028726, "positive_rate": 0.545455, "directional_follow_through": 0.454545, "median_excess_return": -0.046745, "regime_survival": 0.454545, "best_return": 0.184426, "worst_return": -0.11828, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.014337, "positive_rate": 0.428571, "directional_follow_through": 0.571429, "median_excess_return": -0.009476, "regime_survival": 0.428571, "best_return": 0.834355, "worst_return": -0.211539, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.025293, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.103421, "regime_survival": 0.75, "best_return": 0.355685, "worst_return": -0.213622, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-23", "end": "2024-09-20", "tenure": "Developing", "return": -0.11646, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-09-27", "end": "2024-10-25", "tenure": "Developing", "return": -0.078998, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-01", "end": "2024-12-20", "tenure": "Developing", "return": 0.186475, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-27", "end": "2025-02-14", "tenure": "Developing", "return": 0.070812, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-21", "end": "2025-03-14", "tenure": "New", "return": 0.028286, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-21", "end": "2025-04-04", "tenure": "New", "return": -0.026187, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-11", "end": "2025-05-02", "tenure": "New", "return": 0.123711, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-09", "end": "2025-06-06", "tenure": "Developing", "return": -0.033071, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-07-25", "tenure": "Developing", "return": -0.04878, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-08-01", "end": "2025-08-08", "tenure": "New", "return": -0.067794, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-15", "end": "2026-01-09", "tenure": "Established", "return": 0.037634, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-16", "end": "2026-02-06", "tenure": "New", "return": -0.053003, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-13", "end": "2026-04-17", "tenure": "Developing", "return": -0.12, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-24", "end": "2026-08-14", "tenure": "Established", "return": 0.002959, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 18.204584, "volume": 172553, "typical_volume": 205265.35, "trend": 19.576762, "fair_value": 22.212095, "relative_strength": -17.94726, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.660554, "energy": 70.518037, "activity_lines": [ 18.286587, 18.638453, 19.01602, 19.220006 ] }, { "date": "2023-08-18", "close": 18.286587, "volume": 163407, "typical_volume": 202704.45, "trend": 19.505693, "fair_value": 22.265187, "relative_strength": -16.083268, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.123287, "energy": 62.187832, "activity_lines": [ 18.242852, 18.522158, 18.933236, 19.136769 ] }, { "date": "2023-08-25", "close": 19.188616, "volume": 168284, "typical_volume": 196911.8, "trend": 19.461958, "fair_value": 22.329737, "relative_strength": -12.146842, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.060338, "energy": 33.430229, "activity_lines": [ 18.554462, 18.595215, 18.941046, 19.116312 ] }, { "date": "2023-09-01", "close": 19.680632, "volume": 245111, "typical_volume": 183893.9, "trend": 19.418223, "fair_value": 22.393657, "relative_strength": -10.445796, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -17.397636, "energy": 11.562229, "activity_lines": [ 18.975409, 18.762202, 18.9922, 19.13042 ] }, { "date": "2023-09-08", "close": 18.204584, "volume": 401203, "typical_volume": 195692.25, "trend": 19.322553, "fair_value": 22.446223, "relative_strength": -16.372147, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.926108, "energy": 20.738858, "activity_lines": [ 18.805937, 18.659326, 18.902388, 19.052121 ] }, { "date": "2023-09-15", "close": 18.450592, "volume": 305477, "typical_volume": 206545.7, "trend": 19.243284, "fair_value": 22.500156, "relative_strength": -16.529228, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.73439, "energy": 18.539755, "activity_lines": [ 18.718467, 18.620561, 18.839128, 18.995866 ] }, { "date": "2023-09-22", "close": 18.450592, "volume": 0, "typical_volume": 200387.5, "trend": 19.169482, "fair_value": 22.553773, "relative_strength": -13.185641, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.07195, "energy": 18.938628, "activity_lines": [ 18.614597, 18.595215, 18.778603, 18.944724 ] }, { "date": "2023-09-29", "close": 18.019436, "volume": 258219, "typical_volume": 206317.05, "trend": 19.089508, "fair_value": 22.605152, "relative_strength": -14.784386, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.986947, "energy": 40.420703, "activity_lines": [ 18.356075, 18.503404, 18.6817, 18.870528 ] }, { "date": "2023-10-06", "close": 18.519976, "volume": 237340, "typical_volume": 207422.3, "trend": 19.037152, "fair_value": 22.654272, "relative_strength": -12.774933, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.917939, "energy": 31.69372, "activity_lines": [ 18.342345, 18.508949, 18.640379, 18.833784 ] }, { "date": "2023-10-13", "close": 18.20145, "volume": 52742, "typical_volume": 199541.55, "trend": 18.987846, "fair_value": 22.703454, "relative_strength": -15.098111, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.801524, "energy": 34.27635, "activity_lines": [ 18.299816, 18.450846, 18.575029, 18.779867 ] }, { "date": "2023-10-20", "close": 18.110443, "volume": 79112, "typical_volume": 195418.3, "trend": 18.940973, "fair_value": 22.750685, "relative_strength": -13.131819, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.842987, "energy": 36.755546, "activity_lines": [ 18.22716, 18.376253, 18.509228, 18.723261 ] }, { "date": "2023-10-27", "close": 17.928429, "volume": 101087, "typical_volume": 188461.0, "trend": 18.896234, "fair_value": 22.791073, "relative_strength": -11.763081, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.836225, "energy": 33.028929, "activity_lines": [ 18.11651, 18.270278, 18.433959, 18.657935 ] }, { "date": "2023-11-03", "close": 17.609903, "volume": 318653, "typical_volume": 188936.9, "trend": 18.868211, "fair_value": 22.824057, "relative_strength": -14.623536, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.177003, "energy": 46.62326, "activity_lines": [ 17.934496, 18.112901, 18.336699, 18.574946 ] }, { "date": "2023-11-10", "close": 17.700911, "volume": 103286, "typical_volume": 184985.75, "trend": 18.804954, "fair_value": 22.85836, "relative_strength": -14.155727, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.306386, "energy": 49.86925, "activity_lines": [ 17.810119, 18.000775, 18.256795, 18.499636 ] }, { "date": "2023-11-17", "close": 17.791918, "volume": 550504, "typical_volume": 200590.7, "trend": 18.769331, "fair_value": 22.894088, "relative_strength": -15.542355, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.223249, "energy": 46.79057, "activity_lines": [ 17.770683, 17.941191, 18.194595, 18.434279 ] }, { "date": "2023-11-24", "close": 17.655407, "volume": 591159, "typical_volume": 221582.0, "trend": 18.723691, "fair_value": 22.926523, "relative_strength": -15.888388, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.477022, "energy": 47.850724, "activity_lines": [ 17.713045, 17.864289, 18.126435, 18.362413 ] }, { "date": "2023-12-01", "close": 17.791918, "volume": 445017, "typical_volume": 235205.2, "trend": 18.668934, "fair_value": 22.96204, "relative_strength": -15.420676, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.641235, "energy": 39.502017, "activity_lines": [ 17.731246, 17.826666, 18.078578, 18.302299 ] }, { "date": "2023-12-08", "close": 18.871389, "volume": 970823, "typical_volume": 274874.85, "trend": 18.641959, "fair_value": 23.007105, "relative_strength": -9.536032, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.554912, "energy": 10.000033, "activity_lines": [ 18.118372, 17.997286, 18.139788, 18.315361 ] }, { "date": "2023-12-15", "close": 18.871389, "volume": 179677, "typical_volume": 271023.95, "trend": 18.609517, "fair_value": 23.047545, "relative_strength": -10.54396, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -6.209444, "energy": 14.92652, "activity_lines": [ 18.421399, 18.152416, 18.198603, 18.330163 ] }, { "date": "2023-12-22", "close": 18.438118, "volume": 615893, "typical_volume": 297977.35, "trend": 18.5599, "fair_value": 23.089097, "relative_strength": -11.616533, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -8.380263, "energy": 18.684235, "activity_lines": [ 18.50197, 18.22238, 18.212979, 18.319104 ] }, { "date": "2023-12-29", "close": 18.438118, "volume": 514109, "typical_volume": 315055.15, "trend": 18.515749, "fair_value": 23.130649, "relative_strength": -12.611853, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 12.398865, "energy": 23.392867, "activity_lines": [ 18.539462, 18.288041, 18.226244, 18.311248 ] }, { "date": "2024-01-05", "close": 18.534401, "volume": 516187, "typical_volume": 332694.15, "trend": 18.477542, "fair_value": 23.166301, "relative_strength": -9.442313, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 14.078181, "energy": 26.173771, "activity_lines": [ 18.556867, 18.36525, 18.247566, 18.312451 ] }, { "date": "2024-01-12", "close": 18.582541, "volume": 809075, "typical_volume": 364733.7, "trend": 18.449139, "fair_value": 23.180393, "relative_strength": -8.625059, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 15.687563, "energy": 20.964557, "activity_lines": [ 18.540819, 18.440195, 18.272292, 18.319225 ] }, { "date": "2024-01-19", "close": 18.630684, "volume": 473609, "typical_volume": 376158.6, "trend": 18.416874, "fair_value": 23.200261, "relative_strength": -8.773291, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 17.923834, "energy": 21.928003, "activity_lines": [ 18.560076, 18.506208, 18.30449, 18.330938 ] }, { "date": "2024-01-26", "close": 19.063953, "volume": 535920, "typical_volume": 382894.45, "trend": 18.409985, "fair_value": 23.201039, "relative_strength": -7.796874, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 43.283824, "energy": 44.47465, "activity_lines": [ 18.739803, 18.634092, 18.382951, 18.372685 ] }, { "date": "2024-02-02", "close": 19.208378, "volume": 2268321, "typical_volume": 481036.65, "trend": 18.410644, "fair_value": 23.195909, "relative_strength": -6.993444, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 70.550451, "energy": 60.00584, "activity_lines": [ 18.925949, 18.765108, 18.471075, 18.424194 ] }, { "date": "2024-02-09", "close": 19.208378, "volume": 125671, "typical_volume": 487320.2, "trend": 18.414036, "fair_value": 23.199189, "relative_strength": -6.723312, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.280227, "energy": 69.082127, "activity_lines": [ 19.060745, 18.867888, 18.55559, 18.475661 ] }, { "date": "2024-02-16", "close": 19.063953, "volume": 368705, "typical_volume": 492844.5, "trend": 18.437215, "fair_value": 23.201544, "relative_strength": -9.476826, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.600003, "energy": 67.721243, "activity_lines": [ 19.102467, 18.918655, 18.622742, 18.517591 ] }, { "date": "2024-02-23", "close": 19.208378, "volume": 1143508, "typical_volume": 538152.9, "trend": 18.470675, "fair_value": 23.20062, "relative_strength": -9.667434, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.088767, "energy": 62.653506, "activity_lines": [ 19.160236, 18.99218, 18.698675, 18.567343 ] }, { "date": "2024-03-01", "close": 19.256519, "volume": 1279565, "typical_volume": 599494.05, "trend": 18.505739, "fair_value": 23.209991, "relative_strength": -9.212861, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.394687, "energy": 53.463401, "activity_lines": [ 19.19554, 19.06833, 18.775915, 18.618043 ] }, { "date": "2024-03-08", "close": 21.230312, "volume": 1799906, "typical_volume": 685533.75, "trend": 18.606597, "fair_value": 23.225182, "relative_strength": -3.839428, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.277701, "energy": 88.08271, "activity_lines": [ 19.875937, 19.488473, 19.036111, 18.793822 ] }, { "date": "2024-03-15", "close": 25.1779, "volume": 7125896, "typical_volume": 1036774.2, "trend": 18.836307, "fair_value": 23.268831, "relative_strength": 14.625419, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 97.680399, "energy": 98.010232, "activity_lines": [ 21.737401, 20.575591, 19.657411, 19.217777 ] }, { "date": "2024-03-22", "close": 23.878084, "volume": 3211378, "typical_volume": 1181410.45, "trend": 18.992623, "fair_value": 23.303623, "relative_strength": 5.857754, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.316931, "energy": 95.362161, "activity_lines": [ 22.767625, 21.305588, 20.120397, 19.543053 ] }, { "date": "2024-03-29", "close": 23.011541, "volume": 1579723, "typical_volume": 1255232.3, "trend": 19.103653, "fair_value": 23.297115, "relative_strength": 1.825718, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.247159, "energy": 88.399893, "activity_lines": [ 23.188059, 21.781749, 20.471008, 19.802338 ] }, { "date": "2024-04-05", "close": 23.011541, "volume": 475681, "typical_volume": 1251491.15, "trend": 19.263885, "fair_value": 23.29744, "relative_strength": 1.668651, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.772067, "energy": 85.909485, "activity_lines": [ 23.354949, 22.178259, 20.796329, 20.05446 ] }, { "date": "2024-04-12", "close": 23.444813, "volume": 1250484, "typical_volume": 1284457.4, "trend": 19.430359, "fair_value": 23.252183, "relative_strength": 1.765373, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.969108, "energy": 64.654802, "activity_lines": [ 23.415928, 22.58177, 21.13806, 20.324197 ] }, { "date": "2024-04-19", "close": 26.33329, "volume": 4578187, "typical_volume": 1491115.9, "trend": 19.693116, "fair_value": 23.230172, "relative_strength": 21.089838, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.423145, "energy": 69.7976, "activity_lines": [ 24.292099, 23.433434, 21.727314, 20.769547 ] }, { "date": "2024-04-26", "close": 34.0359, "volume": 21434815, "typical_volume": 2514315.5, "trend": 20.226998, "fair_value": 23.242819, "relative_strength": 50.669463, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 95.85588, "energy": 77.045078, "activity_lines": [ 27.658781, 25.556028, 23.009478, 21.694888 ] }, { "date": "2024-05-03", "close": 32.302811, "volume": 7494601, "typical_volume": 2880061.7, "trend": 20.686426, "fair_value": 23.224907, "relative_strength": 40.689917, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.027059, "energy": 87.358156, "activity_lines": [ 29.770579, 27.091297, 24.054373, 22.473973 ] }, { "date": "2024-05-10", "close": 29.895746, "volume": 4953126, "typical_volume": 3096923.35, "trend": 21.076236, "fair_value": 23.211539, "relative_strength": 27.448559, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.710438, "energy": 81.618931, "activity_lines": [ 30.460604, 27.950838, 24.806065, 23.068123 ] }, { "date": "2024-05-17", "close": 30.377159, "volume": 1710587, "typical_volume": 3156747.25, "trend": 21.485126, "fair_value": 23.214925, "relative_strength": 25.721365, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.56486, "energy": 80.474749, "activity_lines": [ 30.852153, 28.704468, 25.549046, 23.668182 ] }, { "date": "2024-05-24", "close": 29.703182, "volume": 1918310, "typical_volume": 3226853.4, "trend": 21.877618, "fair_value": 23.240799, "relative_strength": 20.835031, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.453687, "energy": 61.224518, "activity_lines": [ 30.556887, 29.169251, 26.170985, 24.198379 ] }, { "date": "2024-05-31", "close": 30.280876, "volume": 1199591, "typical_volume": 3246379.2, "trend": 22.299984, "fair_value": 23.259863, "relative_strength": 24.939528, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.16973, "energy": 52.598902, "activity_lines": [ 30.229526, 29.656791, 26.794759, 24.740525 ] }, { "date": "2024-06-07", "close": 31.676975, "volume": 1462359, "typical_volume": 3295816.7, "trend": 22.765852, "fair_value": 23.250555, "relative_strength": 26.008346, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.170818, "energy": 53.707371, "activity_lines": [ 30.617866, 30.281752, 27.495788, 25.345492 ] }, { "date": "2024-06-14", "close": 30.762289, "volume": 1781213, "typical_volume": 3358081.35, "trend": 23.198198, "fair_value": 23.255359, "relative_strength": 18.374691, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.951582, "energy": 49.706936, "activity_lines": [ 30.743033, 30.582854, 28.047579, 25.861391 ] }, { "date": "2024-06-21", "close": 32.110249, "volume": 1333571, "typical_volume": 3311343.85, "trend": 23.680026, "fair_value": 23.26302, "relative_strength": 19.104293, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.797387, "energy": 54.608243, "activity_lines": [ 31.259751, 30.988117, 28.672041, 26.436362 ] }, { "date": "2024-06-28", "close": 31.243704, "volume": 1392772, "typical_volume": 3374698.9, "trend": 24.128419, "fair_value": 23.273012, "relative_strength": 16.582587, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.247083, "energy": 50.437536, "activity_lines": [ 31.372081, 31.078272, 29.152537, 26.924342 ] }, { "date": "2024-07-05", "close": 31.8214, "volume": 895278, "typical_volume": 3401027.55, "trend": 24.560086, "fair_value": 23.285656, "relative_strength": 15.713966, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.104864, "energy": 48.126233, "activity_lines": [ 31.574274, 31.184183, 29.630741, 27.420663 ] }, { "date": "2024-07-12", "close": 34.228462, "volume": 2939262, "typical_volume": 3490815.25, "trend": 25.071988, "fair_value": 23.303743, "relative_strength": 21.937476, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.00559, "energy": 53.131208, "activity_lines": [ 32.476121, 31.768006, 30.277439, 28.044429 ] }, { "date": "2024-07-19", "close": 36.876236, "volume": 7500833, "typical_volume": 3801878.65, "trend": 25.686592, "fair_value": 23.343533, "relative_strength": 36.196782, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.269933, "energy": 60.195908, "activity_lines": [ 34.090459, 32.79823, 31.104781, 28.805993 ] }, { "date": "2024-07-26", "close": 33.410061, "volume": 3322509, "typical_volume": 3878008.8, "trend": 26.185657, "fair_value": 23.368463, "relative_strength": 26.63768, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.562139, "energy": 58.541786, "activity_lines": [ 34.141809, 33.071322, 31.518109, 29.304282 ] }, { "date": "2024-08-02", "close": 33.891476, "volume": 4799411, "typical_volume": 3761684.55, "trend": 26.69756, "fair_value": 23.387017, "relative_strength": 30.298851, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.321984, "energy": 60.575963, "activity_lines": [ 34.266977, 33.376801, 31.919286, 29.801431 ] }, { "date": "2024-08-09", "close": 33.217499, "volume": 3662134, "typical_volume": 3784222.35, "trend": 27.185392, "fair_value": 23.406508, "relative_strength": 27.792189, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.808397, "energy": 47.642303, "activity_lines": [ 33.990968, 33.483587, 32.214782, 30.222073 ] }, { "date": "2024-08-16", "close": 33.169353, "volume": 1674236, "typical_volume": 3788948.0, "trend": 27.670014, "fair_value": 23.429895, "relative_strength": 21.868588, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.397957, "energy": 35.253122, "activity_lines": [ 33.605836, 33.528227, 32.46122, 30.608135 ] }, { "date": "2024-08-23", "close": 31.002996, "volume": 1419777, "typical_volume": 3836152.8, "trend": 28.067982, "fair_value": 23.444126, "relative_strength": 14.467771, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.139742, "energy": 21.75398, "activity_lines": [ 32.569193, 33.151849, 32.452967, 30.823166 ] }, { "date": "2024-08-30", "close": 31.43627, "volume": 957595, "typical_volume": 3821508.35, "trend": 28.475578, "fair_value": 23.469545, "relative_strength": 15.078708, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.993762, "energy": 18.138267, "activity_lines": [ 32.068524, 32.849872, 32.447924, 31.040475 ] }, { "date": "2024-09-06", "close": 30.32902, "volume": 1011602, "typical_volume": 3643179.1, "trend": 28.846267, "fair_value": 23.492072, "relative_strength": 14.769739, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.711088, "energy": 15.92102, "activity_lines": [ 31.330358, 32.358831, 32.299373, 31.160051 ] }, { "date": "2024-09-13", "close": 29.703182, "volume": 1269179, "typical_volume": 2634897.3, "trend": 29.200907, "fair_value": 23.508484, "relative_strength": 10.253077, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.10212, "energy": 15.145509, "activity_lines": [ 30.621076, 31.770632, 32.072192, 31.215336 ] }, { "date": "2024-09-20", "close": 27.392399, "volume": 1260870, "typical_volume": 2323210.75, "trend": 29.473708, "fair_value": 23.509032, "relative_strength": -0.324556, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -31.782262, "energy": 31.102326, "activity_lines": [ 29.375821, 30.800804, 31.645569, 31.098658 ] }, { "date": "2024-09-27", "close": 24.985334, "volume": 3038969, "typical_volume": 2227502.9, "trend": 29.664669, "fair_value": 23.490997, "relative_strength": -11.716253, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.936363, "energy": 58.082105, "activity_lines": [ 27.713341, 29.517619, 31.013084, 30.809086 ] }, { "date": "2024-10-04", "close": 24.215075, "volume": 577464, "typical_volume": 2170846.75, "trend": 29.764161, "fair_value": 23.467498, "relative_strength": -12.394746, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.91308, "energy": 70.307611, "activity_lines": [ 26.195286, 28.310586, 30.330624, 30.457499 ] }, { "date": "2024-10-11", "close": 24.166931, "volume": 493338, "typical_volume": 2099598.15, "trend": 29.730462, "fair_value": 23.452101, "relative_strength": -14.816719, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.007353, "energy": 74.877096, "activity_lines": [ 25.142596, 27.26198, 29.672922, 30.096388 ] }, { "date": "2024-10-18", "close": 24.552063, "volume": 338583, "typical_volume": 2056547.75, "trend": 29.752928, "fair_value": 23.439699, "relative_strength": -15.543293, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.262202, "energy": 75.70411, "activity_lines": [ 24.629089, 26.460209, 29.078262, 29.762297 ] }, { "date": "2024-10-25", "close": 23.011541, "volume": 615893, "typical_volume": 2014224.45, "trend": 29.752928, "fair_value": 23.417947, "relative_strength": -20.216194, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -77.850904, "energy": 89.747143, "activity_lines": [ 23.945482, 25.535896, 28.364166, 29.327369 ] }, { "date": "2024-11-01", "close": 23.492954, "volume": 228492, "typical_volume": 1936588.4, "trend": 29.768975, "fair_value": 23.395075, "relative_strength": -16.468669, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.634747, "energy": 85.948593, "activity_lines": [ 23.714404, 24.8838, 27.737183, 28.9235 ] }, { "date": "2024-11-08", "close": 24.45578, "volume": 195256, "typical_volume": 1879672.65, "trend": 29.802674, "fair_value": 23.370491, "relative_strength": -15.872152, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.555481, "energy": 81.920939, "activity_lines": [ 23.90376, 24.54331, 27.236513, 28.580713 ] }, { "date": "2024-11-15", "close": 24.166931, "volume": 152674, "typical_volume": 1817667.75, "trend": 29.730462, "fair_value": 23.344055, "relative_strength": -13.939356, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.761833, "energy": 73.239628, "activity_lines": [ 23.980785, 24.277219, 26.744784, 28.217117 ] }, { "date": "2024-11-22", "close": 26.33329, "volume": 507067, "typical_volume": 1798257.2, "trend": 29.473708, "fair_value": 23.332558, "relative_strength": -7.072048, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.428113, "energy": 47.212993, "activity_lines": [ 24.779931, 24.51705, 26.493074, 27.997944 ] }, { "date": "2024-11-29", "close": 28.307083, "volume": 794534, "typical_volume": 1691020.8, "trend": 29.340517, "fair_value": 23.33529, "relative_strength": 2.373403, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.619847, "energy": 26.241423, "activity_lines": [ 26.118259, 25.177024, 26.455478, 27.922678 ] }, { "date": "2024-12-06", "close": 28.258944, "volume": 615893, "typical_volume": 1346773.8, "trend": 29.285957, "fair_value": 23.338239, "relative_strength": -2.103424, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.221026, "energy": 29.011088, "activity_lines": [ 27.087504, 25.811614, 26.441494, 27.852899 ] }, { "date": "2024-12-13", "close": 28.114519, "volume": 508916, "typical_volume": 1206094.15, "trend": 29.210536, "fair_value": 23.333429, "relative_strength": -2.104934, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -10.780927, "energy": 28.655939, "activity_lines": [ 27.690875, 26.360425, 26.45479, 27.777323 ] }, { "date": "2024-12-20", "close": 27.873812, "volume": 351047, "typical_volume": 983675.95, "trend": 29.149557, "fair_value": 23.328652, "relative_strength": -1.033673, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -1.414728, "energy": 28.051976, "activity_lines": [ 27.970095, 26.794572, 26.470379, 27.691082 ] }, { "date": "2024-12-27", "close": 27.873812, "volume": 278345, "typical_volume": 814486.5, "trend": 29.069321, "fair_value": 23.327556, "relative_strength": -4.536564, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.14944, "energy": 25.866239, "activity_lines": [ 28.002189, 27.161321, 26.514623, 27.608776 ] }, { "date": "2025-01-03", "close": 28.210802, "volume": 180716, "typical_volume": 739810.5, "trend": 28.953782, "fair_value": 23.32967, "relative_strength": -2.093405, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.691205, "energy": 23.832251, "activity_lines": [ 28.043912, 27.528946, 26.616407, 27.553388 ] }, { "date": "2025-01-10", "close": 27.873812, "volume": 335468, "typical_volume": 685595.05, "trend": 28.8575, "fair_value": 23.326471, "relative_strength": -3.918922, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.980992, "energy": 23.104973, "activity_lines": [ 27.979723, 27.740767, 26.70971, 27.483712 ] }, { "date": "2025-01-17", "close": 27.633106, "volume": 432060, "typical_volume": 659318.3, "trend": 28.708262, "fair_value": 23.325408, "relative_strength": -5.511061, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.032155, "energy": 13.925462, "activity_lines": [ 27.860975, 27.829172, 26.794989, 27.404719 ] }, { "date": "2025-01-24", "close": 27.681248, "volume": 176562, "typical_volume": 617566.3, "trend": 28.589513, "fair_value": 23.327282, "relative_strength": -7.030546, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.691151, "energy": 16.248381, "activity_lines": [ 27.790368, 27.868561, 26.902963, 27.33846 ] }, { "date": "2025-02-07", "close": 27.82567, "volume": 235091, "typical_volume": 565861.9, "trend": 28.456322, "fair_value": 23.32798, "relative_strength": -6.530519, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.804309, "energy": 13.777574, "activity_lines": [ 27.780739, 27.870311, 27.0373, 27.28918 ] }, { "date": "2025-02-14", "close": 29.847607, "volume": 637844, "typical_volume": 534710.6, "trend": 28.310294, "fair_value": 23.342689, "relative_strength": 1.321738, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 39.929022, "energy": 30.91778, "activity_lines": [ 28.448299, 28.212552, 27.373143, 27.378941 ] }, { "date": "2025-02-21", "close": 28.93292, "volume": 1001518, "typical_volume": 432838.05, "trend": 28.045516, "fair_value": 23.343125, "relative_strength": -4.455239, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 32.508321, "energy": 39.97791, "activity_lines": [ 28.701843, 28.360477, 27.610181, 27.41911 ] }, { "date": "2025-02-28", "close": 30.810432, "volume": 1880593, "typical_volume": 497994.5, "trend": 27.958862, "fair_value": 23.359276, "relative_strength": 4.231071, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 53.061559, "energy": 65.858487, "activity_lines": [ 29.510617, 28.837514, 28.007233, 27.597492 ] }, { "date": "2025-03-07", "close": 29.751324, "volume": 652329, "typical_volume": 505944.05, "trend": 27.820857, "fair_value": 23.369689, "relative_strength": 2.313452, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.960444, "energy": 64.495225, "activity_lines": [ 29.754533, 29.072969, 28.27201, 27.713134 ] }, { "date": "2025-03-14", "close": 29.751324, "volume": 315863, "typical_volume": 504808.05, "trend": 27.705318, "fair_value": 23.380628, "relative_strength": 4.705525, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 61.248244, "energy": 71.538009, "activity_lines": [ 29.860444, 29.274287, 28.510195, 27.837681 ] }, { "date": "2025-03-21", "close": 29.414333, "volume": 380293, "typical_volume": 493028.05, "trend": 27.58015, "fair_value": 23.393086, "relative_strength": 2.327168, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.142874, "energy": 63.959446, "activity_lines": [ 29.725648, 29.380198, 28.691527, 27.94794 ] }, { "date": "2025-03-28", "close": 29.029203, "volume": 383885, "typical_volume": 500797.7, "trend": 27.514357, "fair_value": 23.405703, "relative_strength": 3.569867, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.204018, "energy": 38.775129, "activity_lines": [ 29.49136, 29.394202, 28.80569, 28.041427 ] }, { "date": "2025-04-04", "close": 28.644073, "volume": 213116, "typical_volume": 501690.7, "trend": 27.421284, "fair_value": 23.414275, "relative_strength": 3.334507, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.633336, "energy": 25.014601, "activity_lines": [ 29.122277, 29.317176, 28.856812, 28.114312 ] }, { "date": "2025-04-11", "close": 28.018236, "volume": 800861, "typical_volume": 534100.05, "trend": 27.344258, "fair_value": 23.419361, "relative_strength": 9.743369, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.523818, "energy": 18.359551, "activity_lines": [ 28.689005, 29.10798, 28.828386, 28.152825 ] }, { "date": "2025-04-18", "close": 29.606899, "volume": 415019, "typical_volume": 529497.65, "trend": 27.341049, "fair_value": 23.434104, "relative_strength": 16.089492, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.970222, "energy": 19.818218, "activity_lines": [ 28.900826, 29.181505, 28.932921, 28.298802 ] }, { "date": "2025-04-25", "close": 29.31805, "volume": 487744, "typical_volume": 514158.15, "trend": 27.405237, "fair_value": 23.45015, "relative_strength": 11.985999, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.676241, "energy": 15.752722, "activity_lines": [ 29.025994, 29.170126, 28.994358, 28.42635 ] }, { "date": "2025-05-02", "close": 31.484409, "volume": 1226133, "typical_volume": 544670.15, "trend": 27.621873, "fair_value": 23.483237, "relative_strength": 15.265753, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.758003, "energy": 34.74633, "activity_lines": [ 29.879699, 29.562259, 29.257301, 28.689523 ] }, { "date": "2025-05-09", "close": 30.569725, "volume": 520182, "typical_volume": 545233.45, "trend": 27.833694, "fair_value": 23.515192, "relative_strength": 11.442945, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.688823, "energy": 35.328796, "activity_lines": [ 30.26483, 29.741694, 29.417772, 28.879707 ] }, { "date": "2025-05-16", "close": 29.751324, "volume": 233681, "typical_volume": 539365.15, "trend": 28.019841, "fair_value": 23.547157, "relative_strength": 3.972874, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.915485, "energy": 33.977455, "activity_lines": [ 30.248783, 29.776706, 29.488609, 29.003425 ] }, { "date": "2025-05-23", "close": 30.040171, "volume": 203565, "typical_volume": 535626.15, "trend": 28.202778, "fair_value": 23.589384, "relative_strength": 5.975213, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.016451, "energy": 38.327549, "activity_lines": [ 30.21348, 29.864236, 29.578014, 29.133768 ] }, { "date": "2025-05-30", "close": 29.703182, "volume": 180720, "typical_volume": 535626.35, "trend": 28.425833, "fair_value": 23.628925, "relative_strength": 6.26127, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.593343, "energy": 25.988749, "activity_lines": [ 30.036962, 29.885243, 29.625009, 29.230569 ] }, { "date": "2025-06-06", "close": 29.558758, "volume": 174027, "typical_volume": 527554.3, "trend": 28.628026, "fair_value": 23.664912, "relative_strength": 4.315097, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.817011, "energy": 15.988963, "activity_lines": [ 29.786627, 29.87474, 29.651143, 29.303661 ] }, { "date": "2025-06-13", "close": 29.606899, "volume": 221600, "typical_volume": 517031.3, "trend": 28.79973, "fair_value": 23.69858, "relative_strength": 2.696219, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.016419, "energy": 13.615883, "activity_lines": [ 29.680716, 29.863361, 29.673838, 29.366814 ] }, { "date": "2025-06-20", "close": 29.269911, "volume": 240964, "typical_volume": 520251.4, "trend": 28.969829, "fair_value": 23.729561, "relative_strength": 1.711388, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.297768, "energy": 12.23014, "activity_lines": [ 29.526664, 29.773206, 29.65504, 29.397148 ] }, { "date": "2025-06-27", "close": 29.31805, "volume": 289119, "typical_volume": 522952.8, "trend": 29.069321, "fair_value": 23.766634, "relative_strength": -0.411197, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.911102, "energy": 11.494566, "activity_lines": [ 29.420753, 29.669045, 29.633262, 29.419614 ] }, { "date": "2025-07-04", "close": 29.269911, "volume": 130303, "typical_volume": 497575.75, "trend": 29.101416, "fair_value": 23.803923, "relative_strength": -0.345245, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.967427, "energy": 7.926093, "activity_lines": [ 29.346936, 29.561384, 29.599793, 29.432555 ] }, { "date": "2025-07-11", "close": 28.93292, "volume": 141251, "typical_volume": 454562.4, "trend": 29.123881, "fair_value": 23.845886, "relative_strength": -2.259654, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.188816, "energy": 8.385624, "activity_lines": [ 29.189674, 29.393327, 29.53698, 29.421684 ] }, { "date": "2025-07-18", "close": 28.499649, "volume": 247490, "typical_volume": 372907.25, "trend": 29.136719, "fair_value": 23.882969, "relative_strength": -6.031009, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.280833, "energy": 23.242354, "activity_lines": [ 28.929711, 29.192884, 29.432903, 29.381411 ] }, { "date": "2025-07-25", "close": 28.162661, "volume": 130584, "typical_volume": 346820.0, "trend": 29.146347, "fair_value": 23.916314, "relative_strength": -6.503246, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -38.950232, "energy": 45.108317, "activity_lines": [ 28.631236, 28.968808, 29.307735, 29.318569 ] }, { "date": "2025-08-01", "close": 28.299999, "volume": 203778, "typical_volume": 341215.75, "trend": 29.160554, "fair_value": 23.95422, "relative_strength": -5.902888, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.457746, "energy": 51.735272, "activity_lines": [ 28.452356, 28.798588, 29.203213, 29.263966 ] }, { "date": "2025-08-08", "close": 26.381432, "volume": 245263, "typical_volume": 334464.25, "trend": 29.099575, "fair_value": 23.976673, "relative_strength": -13.820796, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -90.363252, "energy": 84.640436, "activity_lines": [ 27.701824, 28.311176, 28.922881, 29.084668 ] }, { "date": "2025-08-15", "close": 26.862844, "volume": 365757, "typical_volume": 333557.85, "trend": 29.065876, "fair_value": 24.006943, "relative_strength": -12.794278, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.940195, "energy": 81.969134, "activity_lines": [ 27.304328, 27.97169, 28.70284, 28.940362 ] }, { "date": "2025-08-22", "close": 26.237007, "volume": 144489, "typical_volume": 330126.5, "trend": 29.019339, "fair_value": 24.034253, "relative_strength": -12.276447, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.605062, "energy": 86.073885, "activity_lines": [ 26.836224, 27.567432, 28.433512, 28.757855 ] }, { "date": "2025-08-29", "close": 26.188868, "volume": 160189, "typical_volume": 298092.9, "trend": 28.969593, "fair_value": 24.061254, "relative_strength": -13.710815, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.764337, "energy": 87.244266, "activity_lines": [ 26.502918, 27.215692, 28.171061, 28.575244 ] }, { "date": "2025-09-05", "close": 27.44054, "volume": 295015, "typical_volume": 292092.7, "trend": 28.956755, "fair_value": 24.096278, "relative_strength": -10.149778, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.558877, "energy": 60.629404, "activity_lines": [ 26.718421, 27.147547, 28.036528, 28.476595 ] }, { "date": "2025-09-12", "close": 26.188868, "volume": 254448, "typical_volume": 280427.9, "trend": 28.834797, "fair_value": 24.126433, "relative_strength": -17.052282, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.446337, "energy": 55.562705, "activity_lines": [ 26.573997, 26.885963, 27.793105, 28.298022 ] }, { "date": "2025-09-19", "close": 26.862844, "volume": 234593, "typical_volume": 230850.9, "trend": 28.765795, "fair_value": 24.163011, "relative_strength": -14.84665, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.104975, "energy": 43.958882, "activity_lines": [ 26.66707, 26.802938, 27.62877, 28.170799 ] }, { "date": "2025-09-26", "close": 26.237007, "volume": 105950, "typical_volume": 210139.3, "trend": 28.613347, "fair_value": 24.196629, "relative_strength": -16.563019, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.364307, "energy": 43.890074, "activity_lines": [ 26.551531, 26.643763, 27.426839, 28.007651 ] }, { "date": "2025-10-03", "close": 26.140726, "volume": 74109, "typical_volume": 202160.7, "trend": 28.492994, "fair_value": 24.230155, "relative_strength": -20.390189, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.753128, "energy": 46.946324, "activity_lines": [ 26.403898, 26.508221, 27.236371, 27.848127 ] }, { "date": "2025-10-10", "close": 25.755594, "volume": 155797, "typical_volume": 199772.3, "trend": 28.359803, "fair_value": 24.26384, "relative_strength": -22.944989, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.174351, "energy": 48.643013, "activity_lines": [ 26.131097, 26.339417, 27.026417, 27.671521 ] }, { "date": "2025-10-17", "close": 25.1779, "volume": 144381, "typical_volume": 197955.35, "trend": 28.218589, "fair_value": 24.294348, "relative_strength": -24.516791, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.118103, "energy": 63.58615, "activity_lines": [ 25.778061, 26.111841, 26.781847, 27.466237 ] }, { "date": "2025-10-24", "close": 25.56303, "volume": 157866, "typical_volume": 197147.3, "trend": 28.10305, "fair_value": 24.324697, "relative_strength": -23.862036, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.658931, "energy": 59.420721, "activity_lines": [ 25.620799, 25.97617, 26.595505, 27.294911 ] }, { "date": "2025-10-31", "close": 26.188868, "volume": 285673, "typical_volume": 200350.95, "trend": 28.021209, "fair_value": 24.363788, "relative_strength": -23.86534, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.163915, "energy": 45.296326, "activity_lines": [ 25.758805, 25.97792, 26.487794, 27.171415 ] }, { "date": "2025-11-07", "close": 25.370464, "volume": 275559, "typical_volume": 202080.7, "trend": 27.93295, "fair_value": 24.397107, "relative_strength": -24.556834, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.057147, "energy": 46.485536, "activity_lines": [ 25.627218, 25.831746, 26.318417, 27.000399 ] }, { "date": "2025-11-14", "close": 25.56303, "volume": 123931, "typical_volume": 193821.3, "trend": 27.798155, "fair_value": 24.413789, "relative_strength": -23.151826, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.937645, "energy": 42.473083, "activity_lines": [ 25.611171, 25.735463, 26.185947, 26.847501 ] }, { "date": "2025-11-21", "close": 24.937193, "volume": 367432, "typical_volume": 205677.75, "trend": 27.652126, "fair_value": 24.425407, "relative_strength": -22.156443, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.983693, "energy": 43.486615, "activity_lines": [ 25.39935, 25.559529, 26.011755, 26.662923 ] }, { "date": "2025-11-28", "close": 24.45578, "volume": 327728, "typical_volume": 215001.6, "trend": 27.417839, "fair_value": 24.439196, "relative_strength": -26.643946, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.552873, "energy": 48.7081, "activity_lines": [ 25.043104, 25.318822, 25.812346, 26.456707 ] }, { "date": "2025-12-05", "close": 23.107824, "volume": 383614, "typical_volume": 221807.8, "trend": 27.169108, "fair_value": 24.451703, "relative_strength": -31.075606, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.844498, "energy": 72.459087, "activity_lines": [ 24.311356, 24.876798, 25.505881, 26.178642 ] }, { "date": "2025-12-12", "close": 22.9634, "volume": 352993, "typical_volume": 232928.25, "trend": 26.942844, "fair_value": 24.463285, "relative_strength": -31.59016, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.237585, "energy": 83.152176, "activity_lines": [ 23.73687, 24.465408, 25.211335, 25.907306 ] }, { "date": "2025-12-19", "close": 24.552063, "volume": 210835, "typical_volume": 233281.1, "trend": 26.759907, "fair_value": 24.48873, "relative_strength": -25.127591, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.929318, "energy": 73.962793, "activity_lines": [ 23.852409, 24.400637, 25.09285, 25.753062 ] }, { "date": "2025-12-26", "close": 27.777531, "volume": 564275, "typical_volume": 249231.7, "trend": 26.695719, "fair_value": 24.53012, "relative_strength": -17.485655, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.736856, "energy": 18.838449, "activity_lines": [ 25.110502, 24.944196, 25.299399, 25.818715 ] }, { "date": "2026-01-02", "close": 28.018236, "volume": 430093, "typical_volume": 252448.5, "trend": 26.644368, "fair_value": 24.573578, "relative_strength": -18.69947, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 0.871266, "energy": 15.653594, "activity_lines": [ 26.259474, 25.484254, 25.522225, 25.904038 ] }, { "date": "2026-01-09", "close": 27.873812, "volume": 289452, "typical_volume": 259696.65, "trend": 26.586599, "fair_value": 24.616637, "relative_strength": -21.224882, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 28.334774, "energy": 36.832994, "activity_lines": [ 27.122808, 25.953412, 25.725793, 25.983357 ] }, { "date": "2026-01-16", "close": 27.247976, "volume": 351253, "typical_volume": 269249.85, "trend": 26.519201, "fair_value": 24.659889, "relative_strength": -25.316289, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 20.853352, "energy": 35.856674, "activity_lines": [ 27.459797, 26.278147, 25.861965, 26.026027 ] }, { "date": "2026-01-23", "close": 27.05541, "volume": 455310, "typical_volume": 277264.6, "trend": 26.44378, "fair_value": 24.702432, "relative_strength": -26.705337, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 20.759124, "energy": 40.445994, "activity_lines": [ 27.44696, 26.533734, 25.974753, 26.060621 ] }, { "date": "2026-01-30", "close": 26.766563, "volume": 274527, "typical_volume": 278268.55, "trend": 26.360335, "fair_value": 24.742598, "relative_strength": -27.305252, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 17.950458, "energy": 30.33879, "activity_lines": [ 27.17095, 26.709668, 26.061866, 26.081446 ] }, { "date": "2026-02-06", "close": 25.803738, "volume": 197916, "typical_volume": 276434.7, "trend": 26.256029, "fair_value": 24.773439, "relative_strength": -28.85621, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 5.517263, "energy": 8.419028, "activity_lines": [ 26.641396, 26.677283, 26.05453, 26.045536 ] }, { "date": "2026-02-13", "close": 26.477715, "volume": 122670, "typical_volume": 277270.7, "trend": 26.188631, "fair_value": 24.808073, "relative_strength": -30.369453, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 4.878968, "energy": 6.283963, "activity_lines": [ 26.484134, 26.74293, 26.116426, 26.059839 ] }, { "date": "2026-02-27", "close": 26.092585, "volume": 247228, "typical_volume": 285926.65, "trend": 26.119628, "fair_value": 24.841816, "relative_strength": -34.348559, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 0.991687, "energy": 7.796865, "activity_lines": [ 26.291569, 26.677283, 26.140497, 26.053642 ] }, { "date": "2026-03-06", "close": 24.744629, "volume": 214657, "typical_volume": 288869.65, "trend": 26.001116, "fair_value": 24.86797, "relative_strength": -33.695296, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.710002, "energy": 19.562734, "activity_lines": [ 25.726711, 26.309658, 26.03642, 25.964932 ] }, { "date": "2026-03-13", "close": 24.600204, "volume": 254503, "typical_volume": 294375.75, "trend": 25.941742, "fair_value": 24.894775, "relative_strength": -33.014948, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.645769, "energy": 32.898697, "activity_lines": [ 25.267764, 25.912274, 25.923402, 25.874551 ] }, { "date": "2026-03-20", "close": 26.862844, "volume": 706236, "typical_volume": 321794.25, "trend": 25.941742, "fair_value": 24.938186, "relative_strength": -26.455017, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.47203, "energy": 11.048555, "activity_lines": [ 25.707454, 25.984048, 26.028625, 25.933977 ] }, { "date": "2026-03-27", "close": 24.84091, "volume": 337750, "typical_volume": 324398.1, "trend": 25.895205, "fair_value": 24.971265, "relative_strength": -30.39899, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.130644, "energy": 21.405424, "activity_lines": [ 25.402559, 25.709205, 25.935094, 25.862956 ] }, { "date": "2026-04-03", "close": 24.744629, "volume": 56084, "typical_volume": 313424.35, "trend": 25.847064, "fair_value": 25.004778, "relative_strength": -28.776788, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.011803, "energy": 31.086254, "activity_lines": [ 25.17469, 25.471999, 25.838811, 25.788725 ] }, { "date": "2026-04-10", "close": 25.1779, "volume": 113208, "typical_volume": 312888.2, "trend": 25.771642, "fair_value": 25.042645, "relative_strength": -32.581134, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.851672, "energy": 15.34291, "activity_lines": [ 25.181109, 25.359086, 25.786773, 25.745553 ] }, { "date": "2026-04-17", "close": 23.300388, "volume": 155597, "typical_volume": 302296.45, "trend": 25.67536, "fair_value": 25.073734, "relative_strength": -39.068155, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -72.973945, "energy": 60.357517, "activity_lines": [ 24.532806, 24.938944, 25.557758, 25.586117 ] }, { "date": "2026-04-24", "close": 21.037748, "volume": 636333, "typical_volume": 317726.7, "trend": 25.48119, "fair_value": 25.082959, "relative_strength": -47.025303, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.314735, "energy": 80.0249, "activity_lines": [ 23.216944, 24.170434, 25.121047, 25.286917 ] }, { "date": "2026-05-01", "close": 21.08589, "volume": 158017, "typical_volume": 306446.85, "trend": 25.309486, "fair_value": 25.097223, "relative_strength": -45.944773, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.403108, "energy": 86.636677, "activity_lines": [ 22.305469, 23.497331, 24.705198, 25.003349 ] }, { "date": "2026-05-08", "close": 21.134029, "volume": 385450, "typical_volume": 308069.7, "trend": 25.142596, "fair_value": 25.110745, "relative_strength": -48.309375, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.587621, "energy": 87.613777, "activity_lines": [ 21.660375, 22.931014, 24.303562, 24.733964 ] }, { "date": "2026-05-15", "close": 20.70076, "volume": 479249, "typical_volume": 321490.4, "trend": 24.974102, "fair_value": 25.118861, "relative_strength": -47.860052, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.700299, "energy": 87.582887, "activity_lines": [ 21.111565, 22.376076, 23.869373, 24.447394 ] }, { "date": "2026-05-22", "close": 23.252249, "volume": 1630623, "typical_volume": 374807.8, "trend": 24.909913, "fair_value": 25.141756, "relative_strength": -42.012676, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.816832, "energy": 58.039088, "activity_lines": [ 21.711727, 22.35857, 23.696523, 24.336307 ] }, { "date": "2026-05-29", "close": 22.25, "volume": 694701, "typical_volume": 388038.2, "trend": 24.799479, "fair_value": 25.157175, "relative_strength": -46.606455, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.569117, "energy": 44.881306, "activity_lines": [ 21.981015, 22.183346, 23.44977, 24.1647 ] }, { "date": "2026-06-05", "close": 22.700001, "volume": 638277, "typical_volume": 405479.45, "trend": 24.683183, "fair_value": 25.174953, "relative_strength": -44.925762, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.883778, "energy": 31.556021, "activity_lines": [ 22.319487, 22.17381, 23.273342, 24.02925 ] }, { "date": "2026-06-12", "close": 23.299999, "volume": 849292, "typical_volume": 430381.4, "trend": 24.614168, "fair_value": 25.197629, "relative_strength": -41.282118, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.535059, "energy": 22.409646, "activity_lines": [ 22.75035, 22.31229, 23.178693, 23.940012 ] }, { "date": "2026-06-19", "close": 22.0, "volume": 200007, "typical_volume": 417616.25, "trend": 24.4954, "fair_value": 25.212497, "relative_strength": -46.300403, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.401349, "energy": 24.61839, "activity_lines": [ 22.603483, 22.240672, 22.979035, 23.771356 ] }, { "date": "2026-06-26", "close": 21.450001, "volume": 323615, "typical_volume": 420070.65, "trend": 24.37916, "fair_value": 25.225416, "relative_strength": -44.392113, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.184447, "energy": 29.91339, "activity_lines": [ 22.186667, 22.126835, 22.751069, 23.574879 ] }, { "date": "2026-07-03", "close": 22.1, "volume": 137422, "typical_volume": 417045.95, "trend": 24.300634, "fair_value": 25.24145, "relative_strength": -44.391599, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.663304, "energy": 30.024939, "activity_lines": [ 22.106667, 22.164822, 22.610326, 23.427836 ] }, { "date": "2026-07-10", "close": 21.25, "volume": 91001, "typical_volume": 415462.5, "trend": 24.238707, "fair_value": 25.254138, "relative_strength": -43.793692, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.132522, "energy": 39.261759, "activity_lines": [ 21.753333, 22.028951, 22.406266, 23.231021 ] }, { "date": "2026-07-17", "close": 21.299999, "volume": 253744, "typical_volume": 415788.3, "trend": 24.18326, "fair_value": 25.267673, "relative_strength": -39.032038, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.927154, "energy": 39.174455, "activity_lines": [ 21.513333, 21.899186, 22.231862, 23.041427 ] }, { "date": "2026-07-24", "close": 21.799999, "volume": 89229, "typical_volume": 409516.9, "trend": 24.091525, "fair_value": 25.284938, "relative_strength": -37.958342, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.682782, "energy": 35.265657, "activity_lines": [ 21.573333, 21.857313, 22.1279, 22.887668 ] }, { "date": "2026-07-31", "close": 20.9, "volume": 155849, "typical_volume": 404584.2, "trend": 23.862274, "fair_value": 25.301165, "relative_strength": -38.726547, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.535346, "energy": 40.897517, "activity_lines": [ 21.346666, 21.631818, 21.952245, 22.681763 ] }, { "date": "2026-08-07", "close": 21.25, "volume": 381266, "typical_volume": 388335.7, "trend": 23.636666, "fair_value": 25.320687, "relative_strength": -38.16558, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.603439, "energy": 34.542049, "activity_lines": [ 21.273333, 21.512727, 21.827543, 22.513229 ] }, { "date": "2026-08-14", "close": 21.1, "volume": 529510, "typical_volume": 397923.7, "trend": 23.410872, "fair_value": 25.339247, "relative_strength": -39.77608, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.343561, "energy": 33.817479, "activity_lines": [ 21.206666, 21.384545, 21.715283, 22.349573 ] } ], "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." } } }